Debt - My Own Advisor

How we’re going to deal with higher interest rates

Posted on June 21, 2017 by Mark | 22 Comments

How we’re going to deal with higher interest rates I’ve mentioned this on my site before – no doubt interest rates play an important role in the economy. Interest rates affect all of us but not necessarily in a good…

Does life insurance for seniors make sense?

Posted on June 29, 2014 by Mark | 20 Comments

Does life insurance for seniors make sense? After I read this question myself, my immediate answer was “no way”. I don’t think life insurance for seniors makes much sense. Maybe that was narrow-minded and too blunt. So, I’m willing to…

I write about investing but I have over $200,000 in debt

Posted on May 20, 2014 by Mark | 46 Comments

Yes, you read the title of this post correctly. I’m in debt, lots of it. I run this personal finance and investing site, and enjoy doing it even though I have over $200,000 in debt. Debt sucks. Maybe I’m not…

Paying down debt, should I change my tune?

Posted on August 5, 2013 by Mark | 18 Comments

Friends of My Own Advisor know I don’t like debt. Since moving to our current home and taking on a fat mortgage, I struggle now and then with our debt load. My wife and I are fortunate to have good…

3 Golden Rules to Rid Yourself of Debt

Posted on January 20, 2013 by Mark | 21 Comments

3 Golden Rules to Rid Yourself of Debt Let’s face it, debt sucks. The idea of owing money to others, a financial obligation, doesn’t sit well with me. I suspect if you’re reading this blogpost debt doesn’t sit well with…

My struggle with GDSR and TDSR

Posted on May 6, 2012 by Mark | 10 Comments

My struggle with GDSR and TDSR I’ve heard these terms thrown around by a few financial institutions from time to time. Here is a quick look and my quick take on them: Gross Debt Service Ratio (GDSR) – % income…

Credit cards can be better than cash

Posted on January 25, 2012 by Mark | 19 Comments

Credit cards can be better than cash Yes, you read that headline correctly. Credit cards are not evil. They can be a great tool. They are a fact of life and here to stay because they’ve been around for far…

My view on debt

Posted on March 18, 2011 by Mark | 3 Comments

My view on debt The more I write about personal finance, investing and my financial independence journey, the more aware I become of this: I hate debt. But, it seems like an necessary evil to help get ahead. Let me…