I found an interesting piece on Yahoo! entitled Go-Nowhere Generation: Why Young People Are Stuck. According to the article, young people, 20-somethings in the US are 40% less likely to move to another state than the same age generation in…
Author Archive for Eric Carnegie
I came to the US as a student about 23 years ago with two suitcases and $80 in my pocket. Today I own several houses, a couple of websites, and some other investments.
How to Build Credit from No or Bad Credit
by Eric Carnegie •
I have a few tenants. They can all afford to pay the monthly rent but cannot secure a purchase loan to buy a house. One of them even closed his bank account recently because of the excessive fees. I have…
Federal Student Loan Repayment Program — Pay As You Earn
by Eric Carnegie •
What is Pay As You Earn? Pay As You Earn is a repayment plan for eligible Direct Loans that is designed to limit your required monthly payment to an amount that is affordable based on your income and family size.…
Sen. Warren Introduces the Bank on Students Loan Fairness Act
by Eric Carnegie •
Senator Warren Introduces the Bank on Students Loan Fairness Act, her first piece of stand-alone legislation, on May 8, 2013. The bill would would students who are eligible for federally subsidized Stafford loans to borrow at the same rate the…
Why I Hate Mutual Funds
by Eric Carnegie •
As I am on the subject of stock investing and personal investment performance, I just want to vent it out and tell why I have hate mutual funds so much. Given the options of investing in mutual funds, index funds,…