Quick summary: we have looked at how the Dream is different for different people, and how spending what you don’t have is a surefire way to not achieve it. Continue reading
Archives
On Hold: Life After Bankruptcy
Bankruptcy is like emergency surgery— nobody volunteers to have it, but everyone would prefer it to nothing. Both are designed to keep those dangerously unhealthy “alive”, allowing them to live with at least some assets. And without the proper anesthesia, it can be extremely painful. Continue reading
Is Cell Phone Insurance Worth It
Cell phones are an essential part of contemporary life. Our daily flow is upset when we can’t use them properly, even if it’s merely an empty battery or misplacement.
Insuring a cell phone is supposed to give us peace of mind, but can it? Continue reading
The American Dream (part 2): How Not To Achieve It
The musical 1776, which is about the creation of the Declaration of Independence, contains a nugget of wisdom. The Continental Congress is split into a pro-Independence faction (mostly middle-class lawyers and clergy) and a pro-Reconciliation group, led by upper-class landowners. Continue reading
Credit Card Insurance: The Ultimate Junk Fee
It would seem responsible to insure your credit card— if you use it frequently, you’d want to protect your account from misuse or depletion, right?
That depends on how relevant the “protection” is. Continue reading
Foreclosure versus Bankruptcy
No Win: Comparing Foreclosure or Bankruptcy
Deciding whether foreclosure or bankruptcy is easier is choosing the lesser of two evils— neither is easy, neither is particularly wanted, and both create negative consequences. Continue reading
Paying for College with Credit Cards
You wouldn’t jump off a cliff without looking, would you?
Unfortunately, this metaphoric scenario plays out again and again with each incoming batch of college freshmen. Continue reading
Debt Relief Companies: Fear or Freedom
Fear or Freedom: The Debt Relief Story
If you’ve watched daytime television recently, it’s hard to avoid them. They’re a three-ring circus of fear and spectacle: where grinning Great Whites and singing repo men entice you to call an 866 number. They sell you an abstraction called ”freedom” to the tune of a gospel choir. These are commercials for debt relief companies. Continue reading
Small Business Loans Mean Changing Business Plans Completely
Before we get to the ends and outs of loans, let’s assume that you are an entrepreneur looking to set forth the Next Big Thing Inc. You’ve got big dreams, big dedication, and possibly big talk… but you know in your heart-of-hearts that you’ll succeed. Continue reading
The American Dream (part 1): What Is It?
The Solvency Shark would like to kick things off with a look at one of America’s most beloved socioeconomic ideals. Continue reading
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