Debt Free Saints

5% + Interest on your Savings

debtfreesaints — Mon, 14 Sep 2009 23:52:50 +0000

I recently looked at my savings account and realized that I was getting a whopping 0.2% on my Money Market account. 0.2%!!!

On the other hand, my low interest mortage is 5.375%. That means that any money I can use to pay down my mortgage effectively earns me 5% +, and that is on a low interest rate mortgage. If you’re mortage interest rate is higher, that will earn you even more. That is 500 dollars a year for every 10k in money that is sitting in my money market account rather than being used to pay down my mortgage.

Yet another reason to work toward paying off your mortgage early.

Greener Grass

debtfreesaints — Fri, 11 Sep 2009 22:25:50 +0000

Are you pining over grass that appears to be greener on the other side of the fence. It may be because they water it.

Church’s Stand on Civil Unions

debtfreesaints — Tue, 08 Sep 2009 23:27:57 +0000

I found the following post from the church where they state pretty clearly their position on Civil Unions for homosexual couples. I thought it was worth sharing and reading.

http://newsroom.lds.org/ldsnewsroom/eng/commentary/the-divine-institution-of-marriage

Shark Tank

debtfreesaints — Fri, 04 Sep 2009 06:47:52 +0000

My Mom introduced me to a really fun show called Shark Tank on ABC. Entrepreneurs pitch their ideas to a group of Venture Capitalists, trading equity in their company for investment capital.

You can watch the full episodes with fewer commercials online. Here is the link: http://abc.go.com/shows/shark-tank

Watch out for those that would usurp power

debtfreesaints — Thu, 03 Sep 2009 21:39:21 +0000

There are fantastic lessons from the Book of Mormon about how to keep your liberty, and stop those that would seek to become king’s or dictators over the people. Here is an article that lays out several of these lessons.

http://www.meridianmagazine.com/ideas/090903disease.html

A different kind of endorsement

debtfreesaints — Mon, 31 Aug 2009 21:41:08 +0000

I recently traveled to Arizona, and along the way I ended up talking to the person next to me who was as liberal as they come. At one point I mentioned that I really liked Tom Coburn as a Senator, and she about had a tantrum. She hates Tom Coburn.

I got to thinking about it later and decided that, based on what she the people and policies she did like and endorse, her hatred for Tom Coburn is a sort of reverse endorsement of him for me. If she doesn’t like him that much, then he must be doing something right.

I’m Back!!!

debtfreesaints — Wed, 19 Aug 2009 03:47:25 +0000

I’m so sorry for the long delay between posts. I could give you a multitude of reasons why, but the important thing is for me to forsake my absence and post regularly from now on, right?

There is actually an object lesson in all of this. How many of you have made a major committment at some point in the past to get out of debt, but stopped trying after a while. Examine your life for a moment, and figure out how much better off you’d be right now if you’d kept your committment. Would you be all the way out of debt by now? How would that feel?

Life is a little like driving a car. To the casual observer, it appears that on a straight road all the person driving has to do is simply hold the wheel steady. In reality, he is constantly adjusting because of the bumps, etc, in the road that want to send the car one way or the other. Getting out of debt is like that. There are lots of things that can throw us off from an unexpected car repair, to deciding to take a vacation we can’t really afford. The important thing is to course correct quickly. If we do that, we’ll still get to our destination in a reasonable amount of time.

Our Lives, Our Fortunes and Our Sacred Honor

debtfreesaints — Tue, 21 Jul 2009 06:53:51 +0000

I believe that the only way out of the mess we find ourselves in in this country is for the honorable citizens of this country to stand up and pledge their lives, fortunes and sacred honor to support and/or become candidates that will uphold the constitution and the principles our country was founded on. We can’t stand idly by and assume that voting is enough. It takes money to stand up to criminals and thieves in high places. We have to take our country back. We showed that we can support correct moral principles in California. Let us do that across the country, and spend our money and time supporting those people that will honorably serve.

Great Opinion Piece on the Problem with Government Health Care

debtfreesaints — Sat, 11 Jul 2009 03:52:15 +0000

This might be the only link you ever see from me that takes you to a Huffington Post page. There is a fantastic opinion piece written by Tom Coburn (our family’s favorite Senator) and Harvard Professor Regina E. Herzlinger, on the true cost and effects of government sponsored health insurance. You need to read this so that you understand the true costs and can explain them to your neighbors and your legislators. This bill could have truly catastrophic consequences. It’s one of those roads to hell paved with good intentions. There are good ways to help everyone that wants insurance to get it, but putting the government in charge isn’t it.
http://www.huffingtonpost.com/sen-tom-coburn/health-care-reform-that-w_b_191730.html

Obama’s deficits are much, much worse than Bush’s (and I didn’t like Bush’s either)

debtfreesaints — Wed, 08 Jul 2009 22:54:56 +0000