As featured in The Wall Street Journal, Money Magazine, and more!

August 2007

Bad Implementation: High Speed Mortgage Payoffs

by Luke Landes

There’s a new mortgage technique that’s gaining popularity in the United States. This is the first I’ve heard of it, and I don’t like it, even though the technique supposedly allows people to pay off mortgages faster, saving interest expense (but losing investment opportunity and the reverse effect of inflation). The premise users a home ... Continue reading this article…

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Personal Income Statement, July 2007 (Net Income: $4,646)

by Luke Landes

to get a complete picture of my finances as of July 31, 2007, please read my latest balance sheet if you haven’t done so already. This is the second part of my monthly reporting, the income and expense statement. This was another out-of-the-ordinary month. The lease on my new apartment began at the end of ... Continue reading this article…

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Personal Balance Sheet, July 2007 ($102,011, +2.4%)

by Luke Landes

If you’re new to Consumerism Commentary, this may seem like a strange concept. Every month I share my financial reports down to the dollar. It is a summary of all of my account balances as well as a rough estimate of the value of my larger assets. It is not a complete net worth report ... Continue reading this article…

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Market Update: August 1, 2007

by Luke Landes

Perhaps August will bring some good news to the market and to my investment accounts. Dow up to 13,313.76, S&P 500 up to 1,466.97, Nasdaq up to 2,551.64. [CNN]

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Paying Off Debt: 6 Steps to Building a Better Snowball

by Luke Landes

The “snowball method” for paying off debt isn’t something out of the movie Clerks. It is a way to organize your outstanding debt in such a way that the funds you have available for paying off debt are optimally distributed in the manner that will allow you to pay off that debt quickly and cheaply. ... Continue reading this article…

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