I’ve had a long history with personal debt. I’m not talking about the high-octane variety, such as juggling multiple high-interest credit card balances or loans to survive until the next payday. No… I’m talking about the small, and seemingly insignificant, traditional borrowing choices that very much characterise lifestyle creep. What
Tackling debt head on certainly takes time and effort, but it may be one of the best investment decisions you can make I recently read a comment by the U.S. Federal Reserve, which observed that paying off personal debt … “has a riskless return that averages around 14% and which
Total UK personal debt stood at £1.6 trillion at the end of July 2018, according to data from The Money Charity. This has risen from £1.5 trillion a year prior, working out as an extra £884 per UK adult. The average total debt per household (inclusive of mortgages) was £58,658.
Hello and welcome to Pursue FIRE. My name is Dan and I am the owner and author of all content on this site. I am passionate about personal finance and look forward to engaging with you.
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‘Billion Dollar Whale’ is an incredible book, which they actually tried to ban publishing in Britain. It examines the incredible tale of how one man swindled over $5bn with the aid of Goldman Sachs in what has been described as the “heist of the century”. Gobsmacking how this sort of thing continues to happen.