December 2014

December 19th, 2014

When you’re wondering whether Triage is right for you, ask yourself two questions.

  • Am I driven to be on the best possible financial trajectory?
  • Am I at my Inflection Point? (You can read about The Inflection Point in Pay Yourself FirstWe’d love to send you a free copy.)

In the meantime, smile with us as you watch this video montage of Match Day 2014.

December 3rd, 2014

Might young people be better off paying down student debt instead of investing in the stock market?

With some indicators suggesting that the stock market is expensive, and thus poised to underperform over the next decade, there's a compelling case to be made for paying down the principal on high-interest loans. Simply put, if the choice is between investing in the stock market with a risky 4% return and paying down the principal on a loan that will give you a guaranteed 6.8% in interest savings, you're better off doing the latter.

Of course, nobody knows what the market will return, or what future inflation will do to existing debt. Also, everyone's situation is different. For example, individuals in low-paying or public-service jobs may be better off selecting an income-driven repayment plan for their student debt, actually paying less each month in the hopes of having the bulk of their accrued interest forgiven down the road. As with most financial matters, careful analysis is warranted.