Albert Einstein was not known for his wealth, but asides from his numerous achievements in Physics, he was also known for having said the following about wealth and money: “Compound interest is the eighth wonder of the world. He who…
my crazy life
When Not to Refinance
by Eric Carnegie •
You’ve had your mortgage for a long time. The amortization chart shows that the proportion of your payment that is credited to the principal of your loan increases each year, while the proportion credited to the interest decreases each year.…
Debt, Debt Reduction, Refinance
Why You Want to Refinance Your Mortgage
by Eric Carnegie •
With mortgage rates up about 1% from a couple of month ago, the refinancing wave has abated a bit. But the rates are still at historical lows and if you have not refinanced your mortgage yet, I want to provide…
credit score, Debt, debt and relationships, Debt Reduction
One Formula that Increases Credit Score
by Eric Carnegie •
Credit score is a myth. Many things go into the calculation of the credit score and they will not tell you how much each individual factor affect your score. The one factor of your credit score you have the most…
banking, credit score, Debt, Debt Reduction, investing, my crazy life
Three Credit Card Benefits: Rewards, Transfers, and Floats
by Eric Carnegie •
This afternoon, I just converted 46,556 points from one of my credit card into $465.56 cash and have it deposited to the bank account I have maintained with the bank I got the card from. Not too bad for three…
my crazy life
Health Insurance Options for Self-Employed Under Affordable Care Act
by Eric Carnegie •
As a small business owner, I care about how the new Affordable Care Act (ACA) affects me. Sole proprietorships are among the millions of individuals expected to buy health insurance through the state-based marketplaces which will start enrolling consumers today.…
my crazy life
Government Health Insurance Marketplace is Overwhelmed
by Eric Carnegie •
It is 5:51 Am in the morning here in Dallas, and it is October 1, the day government run health insurance marketplace is open for business. I decide to be an early adapter for this historical moment and start to…
my crazy life
Young People and the Affordable Care Act
by Eric Carnegie •
Here are 20 Q&A’s on how Affordable Care Act can affect the young people Q1: How does the Affordable Care Act help young adults? Before the President signed the Affordable Care Act into law, many health plans and issuers could remove…
my crazy life
Makes Sense of The Health Insurance Marketplace
by Eric Carnegie •
The central piece of implementation of the Affordable Care Act, the government run Health Insurance Marketplace (or “Exchange”) will be launched on Oct. 1, 2013. The Marketplace is designed to make it easier for people who are not otherwise covered to…
my crazy life
Tell Me How Much My ObamaCare Premium Will Be, Please
by Eric Carnegie •
I have long learned not to trust the politicians, especially with the ones with an agenda — That basically covers every elected official. With all the serious debate going on in Washington on budget and threat to defund Obama Care,…