|
|
on the radio with Paul Petillo
Join Paul Petillo, Dave Kittredge and Dave Ng every week on Financial Impact Factor Radio as they to discuss everything from retirement to insurance, investing to estate planning, from getting started to preparing to stop.
books by Paul Petillo
I just published my fifth book - this time with Smashwords! ReBuilding Wealth in a Paycheck-to-Paycheck World by Paul Petillo, copyright 2011 This ebook is available across all platforms including iPad and iPhone, Amazon and Sony.
on personal finance
In the world of personal finance, asking what's the worst that could happen is not the same as asking: "will I be able to afford this?" or "have I saved enough for retirement?"
More personal finance
on retirement
The Who, What, When, Where and Why of Retirement
If things are good, for some they won't be good enough. If it turns out that things are not so good, someone will ultimately benefit for this off-chance negativity.
More on retirement planning
on mortgages
American dream or not, the games you may have once played with financing your home are not available for the vast majority of homeowners.
More on mortgages and homes
on insurance
Insurance : Life, Health, Auto, Home
Is the insurance industry the next victim of the financial crisis?
Health Channel
on investing
The mutual fund investor has a great many more options available to them in the post-Great Recession marketplace. The question is: are they right for you as you make a retirement plan using 401(k)s or IRAs?
More on investing
on twitter @PaulPetillo
special features
Zack's Investment Tools: Stock Screener or Mutual Fund Screener
Calculators
Privacy Policy
Ad Policy
Our recent financial discussions
|
|
your financial knowledge
"Before borrowing money from a friend, decide which you need more" Addison H Hallock
Personal Financial Literacy Quiz: Answers
5. Under which of the following circumstances would it be financially beneficial to you to borrow money to buy something now and repay it with future income?
a.) When you need to buy a car to get a much better paying job. As much as this answer seems the no-brainer, who among us hasn't borrowed money to take a vacation. Who among us hasn't whipped out credit card when faced with an obvious bargain, whether we could afford it or not. The last answer should not even be considered.
There is an old Italian adage that goes something like this: "You have to spend money to make money". If the car will enable you to work at a better job, the cost will be greatly offset by the increased income.
But first, explore all of the green options. Could you ride a bike, walk or take public transportation? These options keep money in your pocket and can be used for retirement funding rather than car payments.
b.) When you really need a week vacation.
c.) When some clothes you like go on sale.
d.) When the interest on the loan is greater than the interest you get on your savings.
back to the quiz
bluecollardollar: from the blogHOME is where the Retirement Plan is?
bluecollardollar: resources
Personal Finance | Investing | Insurance | Mortgages | Calculators | Privacy Policy | Ad Policy | Our Publications | Radio | Commentary | Contact | Site Map
|
All content is copyright (1998-2011)
BonPaulProductions (all rights reserved)
The BlueCollarDollar (SM) copyright 1998-2011
The Blue Money Report(SM) - copyright (2002-2011) All Rights Reserved
