Debt
Debt Is a Hole in the Ground
Tuesday, December 11th, 2007Debt is a hole in the ground, right smack in the middle of your backyard.
Your income is like sand running through an hourglass. Each grain that slips through must go to fill little holes (monthly bills). What’s left over can go toward filling up the big hole in your backyard. This takes time. Sometimes a [...]
Popularity: 9% [?]
The Chains of Imperial Debt
Monday, December 10th, 2007People in the U.S. have almost no hope of ever becoming debt free. Because debt isn’t only a personal matter. It’s a national issue as well. And America seems to think it can continue to spend money it doesn’t have for things it doesn’t need. After all, why not? the nation thinks. We can simply [...]
Popularity: 4% [?]
The Virtue of Pain
Sunday, December 9th, 2007A week and a half ago, I wrote about how in some cases you may want to pay down debt on multiple lines of credit to improve your credit score. With an improved credit score, you may be able to get better interest rates or take advantage of zero interest balance transfers.
While this approach is [...]
Popularity: 5% [?]
Should You Tithe When You’re Broke?
Thursday, December 6th, 2007Over at Being Frugal, Lynnae wrote about tithing. She says it has had a positive impact on her life, even though on many occasions she did not have much money to give. Naturally, this raises a lot of questions about tithing.
What is tithing?
The word “tithe” literally means “tenth.” So a tithe is 10%.
On what should [...]
Popularity: 11% [?]
Credit Card Gridlock
Thursday, November 29th, 2007Is it always good to “snowball” your debt? To pay minimums on all your cards but one, to which you apply all your excess funds?
In most cases, “snowballing” your debt is a good idea. But in some cases it is not. Let me explain.
If all of your credit accounts are carrying a balance, you are [...]
Popularity: 2% [?]
Investing on an Expert’s Advice
Friday, November 23rd, 2007My investing experience is limited (in my opinion), but probably more than most folks. I’ve always had an interest in it, and I’ve written sales letters to promote investing and trading products and services.
In my early twenties, I became interested in commodities. I purchased a guide that explained how to look for certain patterns and [...]
Popularity: 5% [?]
Incomplete People Make Good Consumers
Tuesday, November 20th, 2007“Incomplete people make good consumers.”
So says John Taylor Gatto, former Teacher of the Year for the state of New York and homeschooling advocate.
I think Gatto’s statement is worth consideration. After all, why buy anything if you have everything you need… if you are “complete?” Clearly, the more incomplete we are, the more we will buy [...]
Popularity: 4% [?]
Sneaky Games Banks Play to Suck You Dry
Friday, November 16th, 2007Did you know banks are sometimes as evil as credit card companies?
Here’s a sneaky game that 8 out of the 10 largest banks confess to playing. They cash the largest checks first and the smallest checks last instead of the order in which they arrived.
Why would they do such a thing?
To try to force you [...]
Popularity: 3% [?]
The 3 Most Insidious Causes of Debt
Sunday, November 11th, 2007We are all born debt-free, and 18 years later, most of us get our start in life the same way. Yet somehow, many of us fall into debt. Some accumulate small debts; others accumulate large debts. But why? What are the reasons? Let’s examine them here.
Reason #1: Premature Lifestyle Enhancement
The most common reason people go [...]
Popularity: 8% [?]
Next Entries »