Posts Tagged ‘bills’

“According to data from Experian’s File One and Credit.com, Americans die with an average of $62,000 in debt… mortgage debt, credit card debt, auto loans, and more.

Some people think that when you die, your debt dies with you. But in most cases, that’s not true… That debt will need to be paid….

Creditors for secured debt – like mortgages – get first dibs on your estate. Once all that debt is paid off, anything remaining goes to unsecured debt… things like credit cards and medical bills.

Planning for your own death might be uncomfortable, but proper estate planning is important…. So make sure you’re thinking about everything you’ll leave behind… debts included.”

-Laura Bente

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“This free money machine is the equivalent of adding a zero to all the currency bills and declaring that everyone is ten times wealthier now. But as we’ve seen (and history shows), all that happens is a $5 loaf of bread is repriced to $50.” -Charles Hugh Smith

“‘One out of five cannot pay its monthly bills.’

What will happen to these people when interest rates rise and easy credit disappears?” -Bill Bonner

Happy Wealth

Posted: November 22, 2015 in Money Matters
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“So if financial wealth won’t buy you happiness, what will it buy you?  It’ll buy you security.  And by that, I mean relief from worrying about how you’re going to pay your bills—now and when you retire.  That’s NOT an insignificant thing.” -Mark Ford

“Politicians ensure reelection by giving away things that don’t belong to them….  But political redemption is based mostly on amnesia and debt….  And heavy borrowing allows them to push the cost onto people with no memories at all – many of whom aren’t even born yet.  By the time the bills come payable, most people have forgotten who contracted them or what they were for.” -Bill Bonner

Foolish Money

Posted: October 1, 2013 in Money Matters
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“All the money in the world is no use to a man or his country if he spends it as fast as he makes it.  All he has left is his bills and the reputation for being a fool.” –Rudyard Kipling