Highest Interest Money Market Accounts

I seriously think Bob and Suze need to set the pace of boxing gloves in the ring together and have ...

Here you have two main extremely popular, the "Pop Culture" financial advisor, icons spouting their own versions of "Financial Freedom" and "truth" on debt ".

They both sit at opposite ends of the spectrum in their views on money, debt and investment ...

So who is right? ... Who is wrong?

Personally, I do not both .... More accurately I dislike both of their methods and advice .... But if I had to choose, I would probably sit on the "more conservative" and the road goes Suze Orman.

Although I do think Suze is, most of the time, while spouting a bunch of "good sound" generalities that seem common sense.

I think Suze speaks with her certainty and confidence as strongest selling point for all the "Kool-Aid" drinkers here who listens and follows anyone that speaks with enough confidence ...

Do not get me wrong, some of his advice is sound and just plain common sense, but I think sometimes she talks about things she really has little knowledge of especially when it comes to mortgage and loan programs and indices that some loans may be linked to and why it is important ....

Suze over compensates and errors on the side of caution to protect its reputation and the "Kool-Aid" drinkers she markets her wares .... I can understand this approach, but this does not mean I agree with her advice even 25% of the time.

I can understand Suze Orman tends to be a little financially conservative but sometimes I think she participates in a little "fear mongering financial" on topics she obviously knows "little" about ... specifically Mortgages.

Robert Kiyosaki on the other hand almost borders on "reckless abandon Financial. He advocates an approach to running up debt to increase cash flow and use the cash to accumulate debt to make investments.
Mr. Kiyosaki is a believer in the mindset that many of your more traditional financial planners out there share, you should always have a mortgage on your house and take the tax benefits ...

Robert seems that the idea to take an arm "Option" program and do the minimum "Neg Am" payment and investing the difference that you pay to a more traditional 30 years fixed rate mortgage.

I can not even begin to express how I shudder at the advice of Mr. Kiyosaki gives ... What is frightening is a lot of "mainstream" financial planners agree with him.

Me, well, ... I tend to fall more in the middle between Suze and Robert. I think most people probably not in this "middle" zone.

First, I think you should always focus on any repayment of the mortgage on your principal residence as quickly as you can. Forget the tax advantages that come from having a mortgage ... Why on earth would you pay a bunch of initial interest, just so you can deduct interest on your taxes and hope you can get a bigger tax return at the end of the year? ... simply does not make sense to me ... Why not just remove this complete waste of time from the equation all together and pay off your mortgage faster than you can .... Not too mention that the IRS may decide to remove any tax benefit from owning a house at any time ... I do not put this control in the hands of someone else .... How about you?

Secondly, why the hell would you take a "Neg Am" mortgage on your principal residence, the minimum payment and invest the difference? ... Now, if you have the strict discipline to be able to invest the difference it can actually work, but at best, the problem remains R.