It’s been a long time since I share links to other sites. That’s a shame, because there’s a lot of great stuff out there. Lately, I’ve been impressed with some articles from some of your fellow GRS readers.
For example, Tim at the Seattle Bubble blog just posted an article on misguided ethics and walking away from a mortgage. We’ve had several discussions around here about the morality of defaulting on a mortgage. There are a lot of GRS readers who think that defaulting is reprehensible. Tim lays out the case in favor of intentional default. “A mortgage is merely a legal contract, not some sort of sacred vow,” he writes. It’s a fascinating article, with 181 fascinating responses.
In February, Erica Douglass shared a controversial guest post with us about outsourcing life when you’re financially secure. She argues that if you can afford it, it’s actually very sensible to pay other people to do things for you. Over at her own site, Erica has just written an article to answer the question, “Is outsourcing worth the effort?” This will be of interest to a very small portion of GRS readers, but I think some of you will find this helpful.
Finally, Trent at The Simple Dollar posted several great articles recently, including:
- Why you shouldn’t buy gold as a hedge against devastation. Trent believes — and I agree — that gold will be useless in the event of a financial apocalypse. History and reason bear this out. I’ve been meaning to write a post on this subject (and probably still will), but this is a great intro.
- The myth of the tax deduction. A tax deduction is no reason to get a mortgage. Trent writes, “You’re far better off having a small debt load and perhaps missing a deduction or two than having a high debt load and getting those deductions.”
- Never co-sign a loan unless you want to pay for it yourself.
- Separating your goals and choices from those of other people. This is an awesome post with great advice: Don’t base your goals on the goals of other people. Make you own decisions based on your own preferences and priorities.
That’s it for this afternoon, folks! Time to enjoy some of that rare Oregon sunshine…
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This article is about Spare Change