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Blogs by Marcus Dino
Flifi's Tips: Get rid of that mortgage! Get rid of that debt! 10/28/2008 3:17:40 PM
I'M FLIFI THE FAIRY THE FLYING FIFI WITH A STINGER ON HER TAIL WHO STINGS PEOPLE WHO DON'T HAVE SOUND FINANCIAL SENSE. With money as hard as heck to come by THE ONLY SOUND ADVICE I CAN GIVE YOU IS TO GET RID OF THAT MORTGAGE AND GET RID OF THAT DEBT. CREDIT CARD DEBT (ESPECIALLY CC DEBT WITH IT'S HIGH INTEREST RATES) HOME EQUITY DEBT. INSTALLMENT LOAN DEBT AND FINALLY GETTING RID OF THE GOOD OLD MORTGAGE WHICH MAY TAKE A FEW YEARS. I don't care if your financial advisor says, that interest deduction does not come close to equaling large mortgage payments. I MEAN WITH HOUSING PRICES COMING DOWN SO FAST THERE'S A LOT OF YOU WHO NOW HAVE HIGHER MORTGAGES THAN WHAT YOUR HOUSE IS WORTH. Face it even with all this plunging equity I HAVE NEVER HEARD OF A HOUSE THAT DOESN'T COST ANYTHING. YOU WILL HAVE SOME EQUITY IF YOUR MORTGAGE IS PAID OFF. IF YOU CAN AFFORD IT LOOK AT A 10 OR 15 YEAR MORTGAGE AND PAY THAT DARN LOAN OFF QUICKER.
In these tight times you want to have as little debt as possible. Marcus and Fifi your both of taking some exorbant vacation somewhere. I'M SORRY PEOPLE BUT SOMETIMES IT'S BETTER JUST TO STAY HOME DURING VACATION THAN TAKE SOME THREE TO FIVE THOUSAND LUXURY TRIP SOMEWHERE. LOOK AT THE PLACE ON THE INTERNET OR UTUBE OR WHATEVER AND DO A FREE 'VIRTUAL TOUR', SAVE YOUR PENNIES AND GO TO BALI HI NEXT YEAR WHEN YOU HAVE HANDLED MORE OF YOUR DEBT LOAD.
Again you people need to get up the morning and shout I'M GOING TO GET RID OF MY MORTGAGE AND MY DEBT. Now of course you can ask your boss to put in an extra overtime but in these tight times that may not be easy. WHAT ELSE CAN YOU DO. SCRIMP AND SAVE. SCRIMP AND SAVE. NICE THINGS INCLUDING FOOD ARE SOLD AT THE DOLLAR AND 99 CENT STORES. A LOT CHEAPER EATING HOME THAN SHELLING 50 BUCKS FOR TWO AT SAY CARROWS. AND PLEASE PLEASE PLEASE DO NOT WASTE YOUR HARD EARNED ENTERTAINMENT BUCKS ON HARDLY ANY MOVIE MADE TODAY. MY ALTER EGO FIFI EVEN THOUGH SHE IS AN ACTRESS ALSO CONSTANTLY SAYS THIS IN HER BLOG. THAT ONCE IN A BLUE MOON SUPER ACTION MOVIE OR ACADEMY AWARD NOMINATED FILM, YES, GO SEE. BUT THE REST OF THE TIME YOU'LL SEE A LOT BETTER QUALITY STUFF FOR FREE ON AMC OR TCM OR AT LEAST JOIN A BLOCKBUSTER MONTHLY RENTAL PLAN AND WAIT TILL THESE 'MOVIES IF YOU WANT TO CALL THEM THAT' COME OUT ON DVD.
Finally you people who are renters I haven't forgotten you. Look at downsizing. Don't really need a four bedroom home or apartment if you have kids. Ever heard of bunkbeds? Sure is a lot cheaper buying them than paying say the extra rent for a four bedroom house as opposed tosay a two bedroom apartment. Also unless you have a big ego avoid the apartmets/condos with the 'fancy gadgets.' I would rather live in an inexpensive well kept place in a decent area any day of the week before living in a expensive place that has a lot of fancy gadgets and faciltites. I just want a decent place to live and sleep. Of course I'm a fairy so I can live and sleep anywhere.....BUT YOU......
Allright you may feel an itch on your face cause that means I'm stinging you cause your throwing money away. Again KEEP ON CHANTING THE MANTRA 'I WILL GET RID OF MY MORTGAGE AND MY DEBT. I WILL GET RID OF MY MORTGAGE AND MY DEBT...EVERY MORNING.......
