Tag Archives: debt

Why I Took Out a 401K Loan

Two years ago I took out a 401K loan to pay off my personal loan. Don’t gasp. Don’t shake your head. Don’t judge, or be judged, remember? Most financial bloggers recommend to never borrow from your 401K. They are right: the risks of taking out a 401K loan outweigh the benefits by far. However, I believe that there is no… Read more »

My Life Philosophy for Managing Money

Do you have a personal mission statement? How about a financial mission statement? I have neither of these. I do know, somewhat vaguely, what my life’s journey is supposedly all about. But my financial destination is not clearly defined. Theoretically my life is a journey to my debt free future, hopefully comfortable and financially secure retirement, and lots and lots… Read more »