Personal Finance & Wealth

The January blues are a real thing that lots of people suffer from. Mentally, it’s hard to go from the highs of Christmas and New Year to the lows of the start of another year. You spend a good few weeks thinking about how far away Christmas is, and it gets you in an emotional funk.

Dave Ramsey, a financial guru and one of the most popular radio personalities in the country, used biblical principles to help him get out of debt. Ramsey, who has a weekly audience of 13 million on 600 radio stations throughout the country, is second only to Rush Limbaugh and Sean Hannity in terms of financial advice, although he was once in serious debt.

Debt can both be a valuable tool when properly used or frustrating liability when it goes out of hand. For example, a mortgage (which is a form of debt) can help you secure the best type of house you want or get the perfect vehicle for your movements.

In this article, we’ll discuss reasons that warrant you taking a break from the debt snowball method, and reasons that just…don’t.

You want to save money, maybe so that you can pay off a debt, or for a down payment on a home, or maybe so that you can start investing. Perhaps you are building an emergency fund.

It can be a good idea to tap into your home equity if you want to get some cash to pay for some improvements or renovations, but you will need to be careful if you are borrowing against your home. Still, there are several instances when it might be a good idea, such as when you need to consolidate debt or improve the home.

A bespoke tranche opportunities, formerly known as bespoke CDO, is a structured financial product, which is specifically a collateralized debt obligation (CDO).