Credit

Welcome to the Million in 10 Credit page. Here you will find all articles associated with my lessons and insights on Credit. Of the bat, I can tell you I’m not a big fan of debt. Even though I have a mortgage (maybe because I have a mortgage) I consider it bad debt as well. On the opposite of that I don’t necessarily consider credit cards bad. Not to confuse credit cards with credit card debt (which of course in turn is bad again).

Our path becoming millionaires was not marred by crippling debt. As a matter of fact other then our mortgage, we really never had any. Nonetheless from time to time I will write about credit, debt and what my thoughts are on the subject.

Have a look at the articles posted. If you have thoughts of your own on what you read, I invite you to leave a comment on the post and I will reply as promptly as possible.

Online Snowball vs Avalanche Calculator

Snowball and Avalanche can cause different costs (increase in interest payments) depending on the kinds of debt, the size of debt and associated interest rates you have. This Snowball vs Avalanche Calculator/Simulator will allow you to determine the cost of the Snowball Method for paying off debt over the Avalanche Method. For more information behind [...]

Millionin10 2015 in review

There we have it, another year has passed and an interesting one it has been for us. This was the year I started this blog. It has been the first full year that I’ve been off of work and as a result we’ve tried to live by a fairly strict budget. We’ve had a shitty [...]

Snowball vs. Avalanche: Which one is better for you? Not, which one is best?

I haven’t written much about debt issues but browsing the web on Personal Finance I have seen many articles on the Snowball vs. Avalanche method applied to paying off debt. Both strategies have their proponents and opponents (some of them fierce). What I will try to show you in this post along with the simulator [...]

5 Keys to Building Wealth

It has been close to a year since I created this blog millionin10 with the lofty goal of inspiring you to build wealth the way we did. I was a salaried employee with wife, kids, two cats and a picket fence (not white). I also happened to be an expat that came to this country [...]

Some advice for 2015’s graduates

A good friend of mine posed me the question if I had some advice for all the graduating students this month. An interesting question given that I did not face the same issues and questions students in the United States face today. Before I continue: CONGRATULATIONS for those that already graduated this month and to [...]

Financial goals and plans start with education

And as some of you jump up and start shouting “Wrong!! Zuckerberg and Gates got rich dropping out of college and by following their dreams”. Simmer down; I’m not talking about a college degree. No, not saying it’s bad as it certainly served me well but of all things a college degree can get you, [...]

Credit cards aren’t all that bad, not for all of us

Just read an article on how credit cards aren’t always bad. Although I believe there are plenty of problems with credit cards the article makes a good point. Almost all the financial advice out there is geared to those have trouble handling their finances. How often have you read: “a 401(k) is good because it [...]