The Bad News: The Average U.S. Household is Now Bankrupt (Really) As I write this, our federal debt – the sum of many years of annual budget deficits – stands at $16.1 trillion, or about $135,000 per household*. (No, that is not a typo.) As noted in our e-booklet, Wealth is Good, Cash Flow is Better, […]
Posts Tagged ‘monthly payments’
The Impact of our Federal Debt on Your Household’s Net Worth and Cash Flow
November 20th, 2012 
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Posted in Assets, Cash Flow, Debt, Debt Reduction, Liabilities, Net Worth, Retirement, Wealth, Wealth Accumulation 
Tags: bankrupt, cash flow, cash flow navigator, cashflownavigator, credit card, debt, deficit, financial independence, financial life cycle, interest, Keith Whelan, monthly payments, net worth, payment, principal, wealth 
No Comments »Get Ahead of Vehicle Debt by Staggering Purchases
October 22nd, 2012 admin Use the Savings to Speed Past Other Debts I was taught to set goals that are challenging but achievable. Accordingly, I set a goal to keep a car for 12 years before burying it. A few decades ago that would have been unrealistic but thankfully today’s vehicles, if properly maintained, can run for 200,000 miles […]
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