Comments on: You Don’t Need to Save Money–Just Use The Equity in Your Home! http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/ Helping a unique generation achieve financial independence. Fri, 20 Nov 2009 23:09:41 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: mieszkania http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-55230 mieszkania Fri, 01 Feb 2008 12:05:29 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-55230 Nothing new, once again a small group of scammers will benefit on the lack of financial literacy of the general public. Sad, but that is how it works... Nothing new, once again a small group of scammers will benefit on the lack of financial literacy of the general public. Sad, but that is how it works…

]]> By: Private Equity Partner http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-54540 Private Equity Partner Tue, 29 Jan 2008 13:17:30 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-54540 Could not agree with you more. "Ads like these really undermine what we are trying to accomplish, and it is a shame that some banks are contributing to the problem" My parents worked so so hard to scrimp and save in order for them to pay their mortgage, they cut back on luxuries like holidays so that they can finsih paying off their mortgage at a relatively young age and enjoy it when they do. Ads like this go against and even try to reassure consuemrs that it is ok to get in to even more debt! Should be banned if not discouraged. Could not agree with you more.

“Ads like these really undermine what we are trying to accomplish, and it is a shame that some banks are contributing to the problem”

My parents worked so so hard to scrimp and save in order for them to pay their mortgage, they cut back on luxuries like holidays so that they can finsih paying off their mortgage at a relatively young age and enjoy it when they do. Ads like this go against and even try to reassure consuemrs that it is ok to get in to even more debt! Should be banned if not discouraged.

]]> By: Santa Isn’t Coming This Christmas Because There Isn’t Any Home Equity to Tap Into : Generation X Finance http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-45250 Santa Isn’t Coming This Christmas Because There Isn’t Any Home Equity to Tap Into : Generation X Finance Fri, 14 Dec 2007 02:21:05 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-45250 [...] If you're new here and you enjoy what you see, you may want to subscribe to my RSS feed or sign up for free email updates. Thanks for visiting! If this article at CNN doesn’t illustrate how screwed up people are when it comes to money, I don’t know what does. I keep hearing the argument that mortgage brokers are evil and have caused this real estate mess, and while that may be true, for every bad broker, there are just as many cases of people who are ridiculously irresponsible. Of course this doesn’t surprise me considering that I’ve heard advertisements telling people not to bother saving and to just use the equity in their homes. [...] [...] If you’re new here and you enjoy what you see, you may want to subscribe to my RSS feed or sign up for free email updates. Thanks for visiting! If this article at CNN doesn’t illustrate how screwed up people are when it comes to money, I don’t know what does. I keep hearing the argument that mortgage brokers are evil and have caused this real estate mess, and while that may be true, for every bad broker, there are just as many cases of people who are ridiculously irresponsible. Of course this doesn’t surprise me considering that I’ve heard advertisements telling people not to bother saving and to just use the equity in their homes. [...]

]]> By: Top Ten Tuesday (2 Weeks Worth) | How I Will Be Rich http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32971 Top Ten Tuesday (2 Weeks Worth) | How I Will Be Rich Tue, 30 Oct 2007 17:31:19 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32971 [...] X Finance discussed the statement “You Don’t Need To Save Money - Just Use the Equity in Your Home.” Basically, the article discusses why it’s not a good statement to be [...] [...] X Finance discussed the statement “You Don’t Need To Save Money – Just Use the Equity in Your Home.” Basically, the article discusses why it’s not a good statement to be [...]

]]> By: JLP’s Weekly Roundup (Week of October 22, 2007)—� AllFinancialMatters http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32781 JLP’s Weekly Roundup (Week of October 22, 2007)—� AllFinancialMatters Mon, 29 Oct 2007 15:48:32 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32781 [...] Jeremy highlights some bad advice he heard in a radio commercial: you don’t need to save money - just use the equity in your home - My rule of thumb is if it is a commercial telling you something is a good idea, it’s [...] [...] Jeremy highlights some bad advice he heard in a radio commercial: you don’t need to save money – just use the equity in your home – My rule of thumb is if it is a commercial telling you something is a good idea, it’s [...]

]]> By: The Sunday Review #44 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32686 The Sunday Review #44 Mon, 29 Oct 2007 03:16:36 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32686 [...] You Don’t Need to Save Money–Just Use The Equity in Your Home! by Jeremy @ Generation X Finance. [...] [...] You Don’t Need to Save Money–Just Use The Equity in Your Home! by Jeremy @ Generation X Finance. [...]

]]> By: Richard http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32572 Richard Sun, 28 Oct 2007 17:52:19 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32572 Here in Canada ING direct recently had a promotion with $25,000 prizes for people who set up an automatic savings plan (regular transfers in to their ING accounts). Unfortunately I didn't qualify because I get a lot of money sent directly to my ING account - I only move it to my checking when I pay bills or want to put more in my investments. Here in Canada ING direct recently had a promotion with $25,000 prizes for people who set up an automatic savings plan (regular transfers in to their ING accounts). Unfortunately I didn’t qualify because I get a lot of money sent directly to my ING account – I only move it to my checking when I pay bills or want to put more in my investments.

]]> By: No Fee Bank Accounts, Bait and Switch, Money Commercials @ The Roundup http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32565 No Fee Bank Accounts, Bait and Switch, Money Commercials @ The Roundup Sun, 28 Oct 2007 17:16:33 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32565 [...] X Finance: I’ll have more to say later on about using the equity of your home to fund your lifestyle. I can’t believe Jeremy heard this advice on the [...] [...] X Finance: I’ll have more to say later on about using the equity of your home to fund your lifestyle. I can’t believe Jeremy heard this advice on the [...]

]]> By: Personal Finance Links: Announcing Lazy Man and Sports Edition http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32304 Personal Finance Links: Announcing Lazy Man and Sports Edition Sat, 27 Oct 2007 16:32:18 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32304 [...] With a sarcastic title, Generation X Finance says don’t save money, just use home equity. [...] [...] With a sarcastic title, Generation X Finance says don’t save money, just use home equity. [...]

]]> By: Weekly Roundup - Weekend Reading Edition. | Cash Money Life http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32284 Weekly Roundup - Weekend Reading Edition. | Cash Money Life Sat, 27 Oct 2007 14:13:57 +0000 http://genxfinance.com/2007/10/22/you-dont-need-to-save-money-just-use-the-equity-in-your-home/#comment-32284 [...] from GenXFinance tells us - You Don’t Need to Save Money - Just Use the Equity in Your Home! By the way… He doesn’t mean it, and explains why that is not a good [...] [...] from GenXFinance tells us – You Don’t Need to Save Money – Just Use the Equity in Your Home! By the way… He doesn’t mean it, and explains why that is not a good [...]

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