How Do I Monitor My Credit?
It appears that you’re new here. If you like this content, subscribe to my feed via RSS or Email and you can keep up with all the new posts.If you aren’t sure how to use an RSS feed, read this post.As many of you know, I went through the awful experience of having my identity [...]
Turning Around Your Financial Life (Part 2 of the story)
Yesterday’s post, Bad Debt Leads to a Bad Job and a Rough Life, hit home with quite a few people. Today, the saga continues, but in a different direction…
“Pregnant? You mean–with a baby?” Chris felt lightheaded and like his legs were made of rubber. Still, he gathered himself enough to hug Lisa and pretend that [...]
Book Review: Millionaire By Thirty
Millionaire by Thirty: The Quickest Path to Early Financial Independence was written by Douglas R. Andrew and his two sons, Emron and Aaron.
The book takes a different approach than many financial authors in that it doesn’t advocate cutting up your credit cards, paying off all your debt, or discouraging you from drinking a latte every [...]
Keep Your New Year’s Resolution by Going Into MORE Debt?
I recently received an email from Citibank with the headline:
New Year’s Resolution: Pay Off Holiday Bills
The email went on to describe how transferring your current credit card balance to Citibank would help you save money because of their low “promotional” interest rate of … wait, a minute … I can’t seem to find the rate … it’s got to be here somewhere. Nope, no mention of what the rate is
Things I DIDN’T Learn in College: Part 7 - How I Experienced the Double Edged Sword of Credit
My first experience with credit was during the Christmas season of my freshman year in college. I went to a local department store and bought some gifts for my mom, dad, and little brother. Though I was fully prepared to pay cash, I was offered an ‘in store” credit card on the spot. The clerk told me that I had a $100 limit and that my payments would be around $10. I remember thinking, “Are you kidding me? This is great!” I reasoned that $10 was nothing and by doing this, I would save some cash for going out to eat. Besides, it was cool to flip out the plastic.
7 Bad Decisions That Cost Me Over $1,000 Each
I’ve learned a great deal from my many mistakes and I hope that I can share these with my readers with the hope that they can avoid those same mistakes. To that end, I’ve compiled a short list of dumb decisions that cost me over $1,000. If I set the bar any lower, we would be here all day. There was a period of time in my life that I lived on the corner of Dumb and Stupid.
Three Character Traits that Lead to Debt
Getting into debt never happens by accident. Everyone has their own reasons, but those reasons are usually just surface symptoms of a deeper character trait. The good news is that you CAN change these character traits. I did.
How to Go Into Debt and How to Avoid it
For purposes of this discussion, I define bad debt as purchasing anything on credit that declines in value. Good debt involves purchasing something on credit that increases in value. But beware: bad debt can be camouflaged as good debt if it puts you in a difficult financial position where you’re unable to meet the [...]
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