If there is one thing that the economic downturn in 2007 provided, it was exciting new ways to go bankrupt. There is nothing quite as thrilling as the “sledge-hammer-to-the-face” feeling when you realize the world has bested you at everything and you have earned the right to wear their dunce cap. Along the road to … Read more
Guest Post by Ed O’Brien There are many consumers searching for the ideal way to pay down their debt to have more financial freedom and improve their credit. While there are varied ways and methods for eliminating debt effectively, no one program will work for every consumer. The first step in effective debt relief is … Read more
The following is a guest post contributed by the editors at DebtAdvisoryLine.com. Debt and the threat of insolvency have long turned into a mass-scale issue in the UK. Although the government have introduced a series of sensible measures over the past few years, a staggering 30,000 households still either entered into bankruptcy or applied for … Read more
Ed O’Brien is a seasoned writer in personal finance, specializing in credit repair. You can find more of his articles located at CreditRepair.org. Struggling with overwhelming debt is a financial hardship that will not just go away if left unattended. Debt is certainly one scenario in our financial life that only grows worse over time. … Read more
What does the bible say about debt? There are many financial planners, advisors, and commentators that are praised for their disdain for debt. Honestly, being anti-debt is trendy right now in the world of personal finance, but it wasn’t always that way. Even now, you can still find many people who will tout the benefits … Read more
Hedge funds, derivatives, calls, puts, options. What are they? For the average person, these terms are meaningless. Understanding them as a concept is bad enough, but actually using them? It is almost laughable. Yet, everyday, people try to use these financial tools to their benefit, without knowing what they actually do. Quick note: Investing while … Read more
In part 1 of this series, we discussed the 3 laws of balance in your finances. Andy Stanley says that these laws are: Have a reference point Make constant corrections And have a clear objective For “have a reference point” Andy states that this means you need a system to track where your money is … Read more
This will probably be a surprise to one of our consistent readers and commentors, but I wanted to highlight an excellent contribution from the Save Green Team. On our post “Income Diversity” we received an interesting comment from our friend over at Save Green Going Green and thought that we should expand upon it more … Read more
Look at today’s technological innovations. Look at all of the different forms of financing. To help visualize what I’m talking about, I’m going to list a few of them: E-mail Cell Phones Texting Movies on demand Credit Cards Payday Loans Vacation Loans Pre-prepared foods What do they all have in common? They are all different … Read more
In our article “Paying Your Mortgage Early” we covered some of the mathematics behind paying a mortgage early. It’s very important to do this in order to minimize the amount of money that you are putting into the banks pocket. For every dollar extra you pay in interest, that’s a dollar you can’t use to … Read more
Today we are going to define a phrase that we will probably be using quite a bit in the future. We are going to better define the phrase “perpetual mindset” for our purposes and uses. We will first give its literal definition, then we are going to apply a more specific definition for our purposes. … Read more
This is Part 2 of a 2 part series called “It’s Your Business!” Part 2 – It’s Your Business! In Part 1 we asked “If your personal finances were a business on the stock market, would people invest in it?” We outlined a couple of ways that you could reinvent your business to make it … Read more
This is Part 1 of a 2 part series called “It’s Your Business!” Part 1 – It’s Your Business If your personal finances were a business on a stock exchange, would people invest in you? Consider what people look for when they want to invest in companies. They want to see revenue, profit, low debt … Read more
What’s Your Emergency Fund? Very few people have a plan for when something bad happens. In fact, some peoples’ plan seems to be to be to hope with all of their hearts that something bad doesn’t happen! It seems to work really well until something does happen, and that’s when things fall apart. Let us … Read more
How Big Is Your Debt Cloud? Debt is a very common cloud looming over many heads right now. The first mistake with debt is to feel alone. You are not alone when it comes to debt! Yes, this debt is yours, but don’t feel like you are the only one with this issue. After realizing … Read more
Payday loans are dangerous little devices. They offer an extremely temporary feeling of stability, until the next bill roles in, or you need to pay the loan back. They hide their interest rates by charging a “flat fee.” After all, would you rather take a one month, $200.00 loan that charges a $20.00 fee, or take that … Read more