Basic Rules
Posted: Mon 11 August, 2008 Filed under: Cynicism, Domestic, Own Business, Thoughts 1 Comment »This morning, Motley Fool emailed me about a new story on their site, “How to stop falling into arrears [on your mortgage]”.
It’s not a bad article, but to me point one on anything about “How to not fall behind on your mortgage payments” should be just
1. Make your mortgage payment on time. Pretty much all the others can wait a bit, or a payment plan can be organised if you’re in schtuck. But for Christ’s sake, keep the roof over your head.
(Note : Rule 1a would be just “Make sure you pay everyone on time”)
In business, the rule should be
1. Always, always, always make sure you pay HMCE (both tax and VAT now come under this title). Everyone else comes second to HMCE.
To me, if you keep those rules in place then the rest is (in comparison) easy going.
I just wish that Motley Fool would employ some staff writers who were more than 16 years old, and could do thorough research. 90% of the editorial is now unreadable – not like the old days, when MF was a good, sound, source of financial info.