What is your net worth? Let me see, probably close to a million. So what? Are you financially independent? No. Why? 'cause I don't have enough cash flow to replace my W2 income. Ok then, net worth is a worthless metric. But it projects my comfort into the future. And so it goes on and … Continue reading The Net worth vs. Cash flow debate
Refinancing an existing mortgage is a major decision and there are many factors that you take into account, to ensure that you benefit in the long term. I recently refinanced my mortgage from a 30 year 7/1 ARM to a 30 year fixed rate. One of the straightforward reasons of refinancing is when you are … Continue reading Don’t twist your ARM, fix it !!!
The title is from the childhood story where the Pied Piper helped a town get rid of the rats and drowned them in the river by playing his melodious music. The second part of the story is that after the rats were got rid of, the town did not pay him. So a very sad … Continue reading The Paid Piper of Hamelin
I was very fond of music and used to break dance in my school days. We had a picnic some day and I wanted to arrange for music to entertain my friends. But in my home, I did not have a portable music player except the turntable, which was not exactly portable. So I borrowed … Continue reading How a cassette player caused debt aversion