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A Fourth of July Roundup

Let’s start with Wealth Pilgrim’s Neal Frankle who answers the question “How Much Can I Afford For A House?” This is one of those recurring questions, and one that seemed to get ignored as the real estate bubble formed.

(well, I used a Fireworks image for my tips for Financial Independence, so a barbecue seemed appropriate for today)

Staying on the topic of first time homeowners, Doug Warshauer discussed “30 vs 15 Year Mortgage. Which is Best For First Time Homebuyers?” I think this can’t be answered without knowing a  lot more about the person doing the buying and choosing the mortgage. I’ll reserve my own further thoughts for a future post of my own.

Craig Ford at Money Help For Christians shares his thoughts on “When Do You Become Debt Free?” The question he raises – Are you still the slave of the lender if you have no debt other than a mortgage? Can you call yourself debt-free when you still don’t own your house outright, or does “I have a mortgage” mean “I am still in debt?”

I enjoyed New Versus Used: The Great Debate at the Millionaire Nurse Blog. An interesting list of things Dean would buy used, and then a shorter list he’d avoid. His ‘avoid’ list has “electronics” and I’ve had pretty good luck buying older electronics on eBay, but as always, your mileage may vary.

Another new-to-me blog I found this week was “eventual Millionaire” and Jaime’s post Compare Yourself to a Millionaire in which she offers some statistics from Dr Thomas Stanley’s The Millionaie Next Door. A good read from someone who seems to be taking the right steps as well.

And last this week, a nice post from Jeff at Deliver Away Debt, The Debt Destroyer System. Take a read there, sounds like Jeff’s financial independence isn’t too far away.

Enjoy a safe and happy holiday.

Joe

  • Dr Dean July 4, 2010, 10:16 am

    I am so techno-challenged, it is hard for me to pull the trigger on used stuff-what if it doesn’t work???
    Maybe I should be more open minded-nahhhh!

    Happy Fourth-Cooked burgers last night! Great American meal!

    Thanks for the link.
    Dean

  • Jaime @ Eventual Millionaire July 5, 2010, 9:35 pm

    Thanks so much for the mention. I’m glad you found my blog, and I’m glad I found yours! Happy Independence Day. 🙂

  • Doug Warshauer July 6, 2010, 3:38 pm

    Thanks for including my post in your roundup. Let me know when you do your post comparing 30 year to 15 year mortgages so I can be sure to include a link to it.

    Doug

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