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You’ve dreamt of owning a home for as long as you can remember. But lately, your dream has been more like a driving force than a twinkling in the eye. Perhaps your friends are all buying homes and pressuring you to do the same. Or maybe your rent jus...

Dear Dave, I’ve always heard that you shouldn’t ask a family member to be the executor of your will. What are your feelings about this? JOYCE Dear Joyce, I don’t necessarily agree with this line of thinking. In my mind, a family member who is compete...

The McKinsey Global Institute has just released a new report with the following gloomy prognostication: “Our analysis suggests that over the next 20 years, total returns including dividends and capital appreciation could be considerably lower than th...

If I told you that you could get a pay rise without earning more income, would you take it? Of course you would! Many people who budget for the first time feel like they got a rise. That’s because they’re discovering money they didn’t realise they h...

Dear Dave, My wife and I are following your plan, and we’re in the middle of the Baby Steps. Do we have to wait until Baby Step 7 to buy a new car? ALAN Dear Alan, No, you don’t have to drive a beater until you pay off your house. My advice is to dri...

Dear Dave, My husband and I are just starting to get control of our finances, but we have a problem. My dad has a habit of expecting us to buy things for him. I know he has money, but anytime he knows we’re going to the store, he gives us a list of t...

Dear Dave, How do you decide whether or not to sell collectible memorabilia when you’re getting out of debt? WILLIAM Dear William, In most cases, there’s a pretty wide spectrum of emotional involvement when it comes to this sort of stuff. I mean, the...

Dear Dave, I took a new job less than a month ago. Just the other day, I was recruited by a huge company for the same position that pays twice what I’m making now. I didn’t apply for the job that was offered; they came directly to me. I didn’t sign a...

One of the most frequent comments we receive when teaching basic money principles is this: “I wish I could have learned this stuff sooner!” That’s understandable. When you’re 30 years old, strapped with student loan debt, up to your eyeballs in cred...

Dear Dave, My dad and I have been having arguments over real estate and money. My wife and I are 33, and we have a rental property. We were trying to decide whether or not to sell the rental in order to pay down on our home. My dad has been very voca...