Has it really been 520 years already? It seems like yesterday Columbus discovered America. Time waits for no one, and nothing, not even the weekly look back at the best PF reading this past week.
Neal Frankle wrote Why (almost) Every Life Insurance Policy With Cash Value Stinks. I agree with Neal on this one, keeping life insurance and investing separate, buying term and investing the difference. To offer an alternate view, my best man sells insurance and benefit packages to companies. When I asked him who these policies were best for, he responded that there are many who simply wouldn’t invest that difference, and 20 years hence would have nothing to show for themselves. So, forced savings. That’s the best I could find.
At Money Ning, Miranda asked Are You Average? Do You Even Want To Be? Both earnings and spending, we all want more and to be better that just average. An interesting spin on this topic.
PT Money asked his readers Should You Payoff the Mortgage(s) Early? In his case, we’re looking at a mortgage on a rental as well as his house. The best comment I saw on this article was a reminder that one can pay ahead on the mortgage all he wants, but the regular payment is still due next month. Great when it’s paid in full, but until then, no better cash flow for the sake of those extra payments.
At Planting Money Seeds, the 3 Questions to Ask When Determining What Something is Worth to YOU. Each of us has our way to value something. When the iPad first came out, I was happy to pay $730 for the mid-level model. Soon after, I started to see all kinds of comments telling why it was overpriced, and we who purchased one just threw away our money. On the other hand there are things I’d never spend money on. The high priced professional sport tickets, or most live concerts, for example. We make our choice, and this article might help teach you a good process to understand why.
The Mighty Bargain Hunter offered Seven tips for bargain beach vacationing with friends. This season is over, but this advice can save you some money next summer.
Let’s close the week with Volatility: Riding the Mechanical Bull at Young Finances. A non-technical discussion of Volatility and how it impacts you. I like the analogy.