Comments on: Buying a Home, part five: Preparing to Close http://www.getrichslowly.org/blog/2006/10/12/buying-a-home-part-five-preparing-to-close/ personal finance that makes cents Sun, 22 Nov 2009 03:46:39 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: re:PDX - Portland Oregon Real Estate » A First-Time Homebuyer’s Tale http://www.getrichslowly.org/blog/2006/10/12/buying-a-home-part-five-preparing-to-close/#comment-11823 re:PDX - Portland Oregon Real Estate » A First-Time Homebuyer’s Tale Thu, 26 Oct 2006 22:11:01 +0000 http://www.getrichslowly.org/blog/2006/10/12/buying-a-home-part-five-preparing-to-close/#comment-11823 [...] Week five: Preparing to close [...] [...] Week five: Preparing to close [...]

]]> By: Get Rich Slowly » Buying a Home, part seven: First-Time Homeowners http://www.getrichslowly.org/blog/2006/10/12/buying-a-home-part-five-preparing-to-close/#comment-11812 Get Rich Slowly » Buying a Home, part seven: First-Time Homeowners Thu, 26 Oct 2006 18:57:19 +0000 http://www.getrichslowly.org/blog/2006/10/12/buying-a-home-part-five-preparing-to-close/#comment-11812 [...] Week five: Preparing to close [...] [...] Week five: Preparing to close [...]

]]> By: Patrick http://www.getrichslowly.org/blog/2006/10/12/buying-a-home-part-five-preparing-to-close/#comment-10411 Patrick Fri, 13 Oct 2006 13:45:00 +0000 http://www.getrichslowly.org/blog/2006/10/12/buying-a-home-part-five-preparing-to-close/#comment-10411 "But I always pay my rent with a cashier’s check and not a personal check (because I got sick of landlords waiting three weeks to cash checks — if they are going to be so adamant about me paying them on time, I expect them to cash the damn things in a timely manner)..." Wait, isn't it a good thing when they sit on your check? Good financial strategy says that we must regard all checks written as money we don't have, whether it's four minutes or four months old. Meanwhile, you earn interest on the money sitting there. “But I always pay my rent with a cashier’s check and not a personal check (because I got sick of landlords waiting three weeks to cash checks — if they are going to be so adamant about me paying them on time, I expect them to cash the damn things in a timely manner)…”

Wait, isn’t it a good thing when they sit on your check? Good financial strategy says that we must regard all checks written as money we don’t have, whether it’s four minutes or four months old. Meanwhile, you earn interest on the money sitting there.

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