Many of the emails I get from those in debt make it clear that the amount of debt is not as big of a problem as the income level. I'm a firm believer that you can't out-earn a debt problem. In other words, if you aren't willing to change your spending habits, you'll probably never be able to earn enough to stay out of debt. However, there are many people who have finally reeled in their Continue Reading …
How Much Can I Afford Calculators | Reasons to Avoid Them At All Costs
Americans like to push the limits. When you're trying to buy a car, you often sit down to calculate how much you can afford. The practice is the same when buying a home: how much house can I afford? In order to answer the question (some of the most significant buying decisions you'll make), many people get online and fill in some numbers and expect an algorithm to tell you how much you Continue Reading …
5 Proven Reasons Why Co-Signing a Loan is Worse than Gambling
There is only a certain type of person who needs someone to co-sign a loan. It is a person who is a high financial risk. When the banks pass over a loan because a person is too high risk, we must take note. Why? Because we live in a debt saturated culture. We live in a culture where 8 year olds who make $1 per week can get pre-approved for a credit card with a $1,000 credit Continue Reading …
Debt is a Symptom: How to Diagnose and Prescribe a Debt Solution (No Degree Required!)
God created the human brain with amazing capabilities. Many of those intricate abilities are valuable for our life here on earth. There is, however, one such capability that often works against us. The ability to rationalize. Overweight Oscar heads to the new fancy restaurant in town. He has already decided that he will only order a salad. However, when he sits down and looks at the menu, Continue Reading …
Little Changes Make Big Differences: $100 Spending Cut Challenge
I bet almost all of us could find a way to cut $100 out of our monthly budget. Sure, we could make excuses and say we're saving everything we can. But I bet there is a way. Is it possible to cut an extra $100 per month out of your monthly spending? The best way to answer this question is: if the government all of the sudden raised taxes by $100 per month and your employer started to Continue Reading …
5 Brilliant Credit Card Spending Guidelines that Make You Look Smarter than Einstein
Einstein is a pretty smart guy. Fortunately, anyone with an IQ of ten can implement these genius credit card spending guidelines. 5 Fantastic Credit Card Spending Guidelines 1. If you’re ever unable to pay off a credit card balance in full, then you must cut it up and close the account. Credit cards are the ultimate slippery slope. If you start sliding down the debt tunnel, you might Continue Reading …
3 Killer Attack Strategies to Annihilate Your Debt
Hasta la vista, debt. Who’s going to face off a formidable enemy without a game plan? Not me. Depending on your personality, one of the three following strategies will help you obliterate your debt. 3 Strategies to Help You Defeat Debt To help illustrate, let’s imagine Henry and Harriet have $50,000 in debt. 10,000 is owed to Capital One. 14% interest rate. 15,000 is owed on Continue Reading …
How to Love Each Other Like Romeo and Juliet (Even When You’re Going Through a Financial Crisis)
Credit card debt will do it. Medical bills can cause it, too. Another phone call from a debt collector may make it worse. The ‘it’ is stress. Financial crises often cause stress. When you have stress in your home, who do you think bears the brunt of that pressure? Your spouse. You spend all day trying to keep it together. Trying to keep your emotions in check. However, Continue Reading …
The Shocking Truth About Debt: Getting Out of Debt is Easy AND Tough
The idea of debt seems so hard, but now I’m going to tell you it’s easy? Not really. Getting out of debt is hard. It’s hard because it requires a change. A change in your habits. A change in your relationships. A change in your boundaries. A change in your view of money. A change in your activities. Still, here’s the easy part. Positive Change Breeds Positive Continue Reading …
