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Really valid ideas for managing your personal finances.... until the Republicans change the tax code to eliminate our favorite PERSONAL deductions in favor of business deductions. Then I guess we'll all become businesses.
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This guy pushes the idea of carrying debt forever, in order to save money! This is an incredibly bad idea, especially in an environment where job retention is questionable! His logic is based on the tax deduction for mortgage interest. He doesn't mention that you are paying $10 for every $3 you get back in taxes. He is right that you are paying taxes on less money, but at what cost? Interest! Also, How many people actually save the difference between a 15-year and a 30-year mortgage payment? People usually get 30-year mortgages because the 15-year loan is too expensive! One saving thing in the book is about using whole-life insurance as a family asset protection tool, its far better than any term-life policies, otherwise the book is really a bad idea to follow.