The Truth About Debt Reduction Myth: Only the rich can be debt free. Truth: Anyone can become debt free. True debt reduction is plain common sense and hard work. Many hard-working people get into debt because of mistakes. I work with those people every day. I'm talking about them - those who are willing to keep working hard -...
What Do Rich People Do? I have found that if you look into the lives of the kind of people you want to be like, you will find common themes. If you want to be skinny, study skinny people. If you want to be rich, do what lots of rich people do, not what some myth-sayer says to do. The...
(ARA) – The economy’s recent rollercoaster ride may make you feel like shouting “I want to get off.” But while you can no more seize control of the national economy than you can exit a rollercoaster car mid-way through the ride, it is possible to take control of your personal economic situation. “In the face of national economic uncertainties, getting...
The Truth About Debt Myth: Debt is a tool and should be used to help create prosperity. Truth: Debt isn't used by wealthy people nearly as much as we are led to believe. Debt is dumb. Most normal people are just plain broke because they are in debt up to their eyeballs with no hope of help. If you're...
The Truth About Getting Debt Help Myth: I can get quick debt help over the phone or Internet. Truth: True debt help is not quick or easy. It starts in the mirror with you. Where do most people go for debt help? Most people try credit repair companies, debt consolidation, debt management, or bankruptcy. Companies touting quick, pain-free fixes...
How the Right Attitude and Some Simple Steps Can Make All the Difference (ARA) – With high gas prices and unemployment rates soaring, we can all agree that the economy is struggling. Even in tough economic times, there are some simple things each of us can do to make a difference in our lives. Especially if questions like these are...
People have a certain threshold or tolerance for debt. Most of us can tolerate a little bit of debt. How much debt is all right? And when are you in over your head? Most of the time, the decision that you have "too much debt" is made emotionally. That is, you have too much debt when you feel you have...
Myth: Cash value life insurance, like whole life, will help me retire wealthy. Truth: Cash value life insurance is one of the worst financial products available. Sadly, over 70% of the life insurance policies sold today are cash value policies. A cash value policy is an insurance product that packages insurance and savings together. Do not invest money in...
On a budget? Still over-spending? Trying to figure out the best way to organize your finances and spend wisely? Get on a Simple System I found out that Grandma's way to handle money still works. People used to always use cash envelopes to control their monthly spending, but very few do in today's card swiping culture. The envelope system is...
Myth: I should pay off the debt with the highest interest rate first to get out of debt quickly. Truth: You should pay off the smallest debt first to create the greatest momentum in your debt snowball. The math seems to lean more toward paying the highest interest debts first, but what I have learned is that personal finance...
Debt settlement and debt consolidation both offer ways of reducing your debt. Debt settlement eliminates part of your loans, while debt consolidation reduces interest rates. Even though debt consolidation has the least impact on your credit score, there are cases when debt settlement is a better option. Lower Debt The goal of both debt settlement and debt consolidation is to...
On average, women earn 76 cents for every dollar men earn in the workplace. Because women typically spend approximately seven years out of the work force to have and raise children, their earnings are even further curtailed. With lower pay and less time spent in the work force, women are generally left with smaller retirement portfolios, lower company pension benefits...