Search results

Malcolm this is incredibly bad math. A bank may give you 1% a year on your savings, not 1% a month. That comes to about $83.33 a month, not $1,000.00 a month. As Brandon mentioned a 3-5% $100,000.00 CD will pay you $3,000.00 - $5,000.00 a year, not every month. This comes to $250.00 - $416.67...

I’ve always liked the idea of paying off the cars and mortgage and living debt free rather than keeping a mortgage and investing the money. Although I keep a home equity line of credit for emergencies, it has a zero balance and I’ve been debt free for a year now. Many of us are very familiar...