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How to get out of a car lease

Ok. You now realize you shouldn’t have done that car lease. What can you do about it?

Well, there are a number of things. First of all, you need to identify what changed. Why do you want out? Did you come to your senses and realize that a car lease (or Fleece as Dave Ramsey calls it) is probably the worst financial move a person could make? An unevaluated life is not worth living. That is a quote I have heard, not sure who said it, but it is oh so true. When we make mistakes in life, we have to learn from them. Own up to them. Don’t blame everybody else. So you learned your lesson. No more leasing!

Should I Invest in Gold or Mutual Funds

In 1990, the price of gold was $423.80 an ounce.  I got that price from the usual benchmark for the price of gold, which is known as the London Fixing.  This is where the price of gold is established; and it is done twice a day by five representatives from bullion trading firms.  The price of gold as of February 29, 2008 was $971.50.  Wow! Big increase!  We should have invested in gold in 1990.  Not really. 020117_1267_0016_lsms

Let’s say we had 1000.00 dollars to invest in 1990 and we could pick either gold or large cap growth mutual funds.  Which would have been the smartest investment?