<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Myths On Money &#187; Debt</title>
	<atom:link href="http://mythsonmoney.com/category/debt/feed/" rel="self" type="application/rss+xml" />
	<link>http://mythsonmoney.com</link>
	<description>Does it really work?</description>
	<lastBuildDate>Thu, 21 Jan 2010 04:08:47 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.0.1</generator>
		<item>
		<title>Myth: 0% is a Deal!</title>
		<link>http://mythsonmoney.com/2009/02/myth-0-is-a-deal/</link>
		<comments>http://mythsonmoney.com/2009/02/myth-0-is-a-deal/#comments</comments>
		<pubDate>Wed, 04 Feb 2009 19:23:18 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Myths]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=591</guid>
		<description><![CDATA[The Word on the Street The ever-so-kind businesses are so generous as to allow us to finance large purchases at zero percent interest!!! What a sweet deal, let&#8217;s take it! The Truth These deceptive deals can be devastating to anyone who fails to read the fine print. Conflict of Interest Businesses are not your friends. [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/02/myth-0-is-a-deal/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>On The Lighter Side: Don&#8217;t Buy Stuff</title>
		<link>http://mythsonmoney.com/2009/01/on-the-lighter-side-dont-buy-stuff/</link>
		<comments>http://mythsonmoney.com/2009/01/on-the-lighter-side-dont-buy-stuff/#comments</comments>
		<pubDate>Thu, 29 Jan 2009 01:26:01 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Tips]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=536</guid>
		<description><![CDATA[I like this video. It kind of illustrates how personal finance can be a lot simpler than we sometimes think it is. I will let the video speak for itself. Couldn&#8217;t have said it better myself.]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/01/on-the-lighter-side-dont-buy-stuff/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: &#8220;Stuff&#8221; = Happiness</title>
		<link>http://mythsonmoney.com/2009/01/myth-stuff-happiness/</link>
		<comments>http://mythsonmoney.com/2009/01/myth-stuff-happiness/#comments</comments>
		<pubDate>Thu, 22 Jan 2009 03:30:39 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=520</guid>
		<description><![CDATA[The other night, I was reading Get Rich Slowly, one of my favorite finance blogs. I would like to lift a few of his comments from this fantastic post that illustrate why I LOVE personal finance, and what is truly important in our financial lives. Freedom To lift a quote from Get Rich Slowly: &#8220;To [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2009/01/myth-stuff-happiness/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Rent is a waste (revisited)</title>
		<link>http://mythsonmoney.com/2008/12/myth-rent-is-a-waste-revisited/</link>
		<comments>http://mythsonmoney.com/2008/12/myth-rent-is-a-waste-revisited/#comments</comments>
		<pubDate>Fri, 19 Dec 2008 21:07:26 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[rent]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=421</guid>
		<description><![CDATA[The Word on the Street: I still struggle to convince people that paying rent is not a purely wasteful practice. I have already done several posts on this topic. The Truth: Paying rent can be cheaper than getting a mortgage, and the difference in the cost can be invested to your ultimate gain. While I [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/12/myth-rent-is-a-waste-revisited/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Q&amp;A: What does APR mean?</title>
		<link>http://mythsonmoney.com/2008/12/qa-what-does-apy-mean/</link>
		<comments>http://mythsonmoney.com/2008/12/qa-what-does-apy-mean/#comments</comments>
		<pubDate>Thu, 11 Dec 2008 23:35:29 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[saving]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=266</guid>
		<description><![CDATA[Question: My bank is currently offering a 3 month CD that pays a 4% APR. Does that mean if I buy a $5,000 CD, it will pay me $200 after 3 months? Answer: Short Answer APY Defined Other Rates Using Rates Short Answer The CD will not pay you $200. It will pay you $50.16. [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/12/qa-what-does-apy-mean/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>MythTip: Run the Numbers</title>
		<link>http://mythsonmoney.com/2008/11/mythtip-run-it-for-yourself/</link>
		<comments>http://mythsonmoney.com/2008/11/mythtip-run-it-for-yourself/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 21:29:07 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Tips]]></category>
		<category><![CDATA[car]]></category>
		<category><![CDATA[interest]]></category>
		<category><![CDATA[savings]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=222</guid>
		<description><![CDATA[Watch this first (if you are having trouble viewing the clip, you can try going to the YouTube clip directly) Personally, I think this video is fantastic. I wholeheartedly endorse the principles discussed here. The principles that Dave Ramsey teaches in it are fantastic. How does this system work? Easy. No interest is paid. Instead [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/11/mythtip-run-it-for-yourself/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Q&amp;A: How could renting be better than buying?</title>
		<link>http://mythsonmoney.com/2008/11/qa-how-could-renting-be-better-than-buying/</link>
		<comments>http://mythsonmoney.com/2008/11/qa-how-could-renting-be-better-than-buying/#comments</comments>
		<pubDate>Mon, 10 Nov 2008 05:35:36 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[renting]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=253</guid>
		<description><![CDATA[This post is written in response to a question that a friend of mine asked. Here is his question: Question: When I think about rent VS buying I often think back to those dental students in [Ohio]. They bought condos, lived in them for a few years and then sold them. In most cases they [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/11/qa-how-could-renting-be-better-than-buying/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: The End Result Is All That Matters</title>
		<link>http://mythsonmoney.com/2008/11/mythtip-consider-all-cash-flows/</link>
		<comments>http://mythsonmoney.com/2008/11/mythtip-consider-all-cash-flows/#comments</comments>
		<pubDate>Tue, 04 Nov 2008 00:03:15 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[buy]]></category>
		<category><![CDATA[rent]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=172</guid>
		<description><![CDATA[A Shocking Discovery I was recently watching a financial self-help video from a very popular finance guru, and I was shocked to hear this person say that buying a home was a great investment because it would yield a very high return in the first year that it was owned, and that it would continue [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/11/mythtip-consider-all-cash-flows/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>MythTip: Building Your Credit Score</title>
		<link>http://mythsonmoney.com/2008/10/mythtip-building-your-credit-score/</link>
		<comments>http://mythsonmoney.com/2008/10/mythtip-building-your-credit-score/#comments</comments>
		<pubDate>Wed, 01 Oct 2008 22:25:49 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Tips]]></category>
		<category><![CDATA[credit]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=182</guid>
		<description><![CDATA[Okay, I may be guilty of perpetuating a money myth. In my post you must use credit to get credit I am afraid I may have given the impression that the quality of your credit history and score is not an important consideration for lenders (see how easily these myths can spring up?). That was [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/10/mythtip-building-your-credit-score/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>MythTip:  Emergency fund &#8220;smoothing&#8221;</title>
		<link>http://mythsonmoney.com/2008/09/mythtip-emergency-fund-smoothing/</link>
		<comments>http://mythsonmoney.com/2008/09/mythtip-emergency-fund-smoothing/#comments</comments>
		<pubDate>Tue, 23 Sep 2008 17:40:18 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Tips]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[emergency fund]]></category>
		<category><![CDATA[saving]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=134</guid>
		<description><![CDATA[The Business Cycle In economics, the business cycle refers to the tendency of the conomy to fluctuate up and down from growth to recession and back again. It is a pattern that is notable throughout all of recorded economics. The economy flips back and forth, from the roaring 20&#8242;s to the Great Depression, back up [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/09/mythtip-emergency-fund-smoothing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Keeping Up With The Jones&#8217;</title>
		<link>http://mythsonmoney.com/2008/09/myth-keeping-up-with-the-jones/</link>
		<comments>http://mythsonmoney.com/2008/09/myth-keeping-up-with-the-jones/#comments</comments>
		<pubDate>Sun, 21 Sep 2008 16:59:07 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[savings]]></category>
		<category><![CDATA[spending]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=120</guid>
		<description><![CDATA[The Word on the Street: Everyone wants to have possessions as fine and expensive as their neighbors do. Most people try to spend in such a way as to ensure that they appear no different than &#8220;everyone else&#8221;.   The Truth: While it is totally possible to keep up with the Jones&#8217;, do not do [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/09/myth-keeping-up-with-the-jones/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: You Must Use Credit to Get Credit</title>
		<link>http://mythsonmoney.com/2008/09/myth-you-must-use-credit-to-get-credit/</link>
		<comments>http://mythsonmoney.com/2008/09/myth-you-must-use-credit-to-get-credit/#comments</comments>
		<pubDate>Fri, 12 Sep 2008 21:20:28 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[credit score]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=136</guid>
		<description><![CDATA[The Word on the Street: Everyone seems to believe that the only way to get good credit to qualify for a necessary loan (usually a mortgage), they have to use credit cards, get auto loans, etc in order to get a good interest rate on future loans. The Truth: Your history of repaying debts is [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/09/myth-you-must-use-credit-to-get-credit/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Credit Improves Your Quality of Life</title>
		<link>http://mythsonmoney.com/2008/09/myth-credit-improves-your-quality-of-life/</link>
		<comments>http://mythsonmoney.com/2008/09/myth-credit-improves-your-quality-of-life/#comments</comments>
		<pubDate>Fri, 05 Sep 2008 20:40:26 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[spending]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/?p=124</guid>
		<description><![CDATA[The Word on the Street There is a general opinion (fostered by aggressive advertising campaigns) that using credit will let the borrower have goods and services they could not otherwise afford, and thus improve their quality of life. The Truth: Credit, whether a mortgage, credit card, home equity loan, installment loan (ie making payments on a tv, washing [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/09/myth-credit-improves-your-quality-of-life/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Myth: Keeping a Mortgage Will Save Money</title>
		<link>http://mythsonmoney.com/2008/03/myth-keeping-a-mortgage-will-save-money/</link>
		<comments>http://mythsonmoney.com/2008/03/myth-keeping-a-mortgage-will-save-money/#comments</comments>
		<pubDate>Sat, 22 Mar 2008 21:03:52 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Myths]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/archives/17</guid>
		<description><![CDATA[The Word on the Street: This is one of the big myths of our day. The myth holds that keeping a mortgage to its full term, rather then paying it down early, is wise because the homeowner can deduct the interest payments from his/her federal taxes. The Truth: Keeping a mortgage (or any other loan [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2008/03/myth-keeping-a-mortgage-will-save-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Opportunity Costs</title>
		<link>http://mythsonmoney.com/2007/12/opportunity-costs/</link>
		<comments>http://mythsonmoney.com/2007/12/opportunity-costs/#comments</comments>
		<pubDate>Fri, 21 Dec 2007 05:23:22 +0000</pubDate>
		<dc:creator>Patrick Payne</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[saving]]></category>

		<guid isPermaLink="false">http://mythsonmoney.com/archives/11</guid>
		<description><![CDATA[What are Opportunity Costs? Opportunity cost is an economic principle. The opportunity cost of an activity is the highest value alternative activity that you could perform with the same resources, and it represents an important portion of the total cost of any activity. They are well understood and utilized in the business world, but strangely [...]]]></description>
		<wfw:commentRss>http://mythsonmoney.com/2007/12/opportunity-costs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
