The average American is currently carrying at least some form of debt, even if it is small. We live in a society where overspending is common and credit card debt has become a right of passage. In many cases, you need to be in debt in order to start building your credit history. Without this, [...]
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How Much Debt is Too Much?
November 20th, 2008 — , Bad debt, Credit Cards, average person, car loan, cards, compounds, credit card debt, credit history, debt, debts, dry cleaning, education, fence, home loan, money, personal finance, right of passage, risk, sake, salary, student loans, three times from Rich Leverage @ Rich Credit Debt Loan
How to Create Multiple Streams of Income The Easy Way
November 19th, 2008 — , Bad debt, Income Streams, bad reputation, diversification, earnings, everyday expenses, evil thing, extent, flat screen television, incomes, leverage, living paycheck to paycheck, long time, money, new money, old adage, paycheck to paycheck, paychecks, personal finance, richest people on earth, single one, treading water, wrong way from Rich Leverage @ Rich Credit Debt Loan
Every single one of us would be thrilled to have more money coming into our homes every month. If you’re relying on one or two paychecks as the primary earnings for your income, you can relate that it’s pretty tough to get ahead. Everyday expenses chip away at our standard incomes and unless you manage [...]
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How to use Debt to Improve Your Credit
November 18th, 2008 — , Bad debt, Credit Cards, Financial Security, Income Streams, back yard, consequences, credit rating, debt, diversification, entrepreneur, excess cash, gadgets, hock, leverage, money, new opportunities, personal finance, personal finances, self starter, smart decisions, spending money, stocks, useless things, wrong idea from Rich Leverage @ Rich Credit Debt Loan
Many of us have the wrong idea when it comes to debt. After years of being told that it is a bad thing and should be avoided, most of us never want to get into the problem of having to deal with debt. Millions more are in over their heads with bad debt and facing [...]
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November 18th, 2008 — , Bad debt, budget, commercialism, debt, diversification, good debt, greatness, leverage, living paycheck to paycheck, management debt, millionaires, money, overspending, oxymoron, paycheck to paycheck, perception, poor management, stock, streams of income, wealth from Rich Leverage @ Rich Credit Debt Loan
On the surface, this seems like an oxymoron. How could you possibly use debt to create more money? It actually isn’t an oxymoron, but you’re going to need to change your perception of debt and classify into two different categories for this to make sense. There are many ways that going into debt can actually [...]
Related StoresThe Difference Between Good Debt and Bad Debt
November 16th, 2008 — , Bad debt, Credit Cards, boat load, car payment, case in point, cores, credit car, credit cars, debt, debts, expenditures, good debt, interest payments, leverage, money, mortgage, new business, overspending, personal finance, student loans from Rich Leverage @ Rich Credit Debt Loan
When you see the word debt, undoubtedly the first thing that pops into your mind is a credit car bill or a car payment. For many, debt means a mortgage or other high dollar expenditures. However, there are two main forms of debt and they are very different from one another. You cannot paint them [...]
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Debt and the Credit Crisis
October 30th, 2008 — , Bad debt, american consumers, asset prices, banking, bankruptcy, consumer spending, corporate profits, credit, debt, doozy, earmarks, economy, facet, fifty years, no doubt, paces, personal finance, rapid pace, recession, recessions, recessive, resilience, spending habits, stock market, strategists, united states economy, virtual smorgasbord from Rich Leverage @ Rich Credit Debt Loan
The last recession that our country experienced was, in truth, a mild one. The stock market and many corporate profits began to tank, but consumer spending seemed to dance merrily on through the recession without as much as a scratch. Consumer spending has long been the major engine driving the entire United States economy, which [...]
Related StoresDoes Your Financial Future Look Gloomy?
October 20th, 2008 — , Bad debt, Credit Cards, Long Term, cash flow problem, consequences, credit card, crystal ball, debt, early warning signs, financial future, financial goals, financial risk, flip side, forty years, goal, good debt, personal finance, rental property, solid investment, taking the time, two answers, warning sign from Rich Leverage @ Rich Credit Debt Loan
While no one can look into a crystal ball and determine where they will be financially in twenty, thirty or forty years, there are some early warning signs that may indicate that the future might be a bit gloomy. The key to successfully preparing for your future is to avoid known behaviors that can be [...]
Related StoresThe Total Money Makeover By Dave Ramsey
October 17th, 2008 — , Bad debt, Book Review, Dave Ramsey, Money Management, author credit, baby step, emergency fund, enough money, extra money, getting your finances, managing your finances, money, money makeover, money work, next level, personal finance, radio talk show, radio talk show host, school tuition, sound advice, step approach, talk show host from Rich Leverage @ Rich Credit Debt Loan
Dave Ramsey is a popular radio talk show host and author and his latest book, The Total Money Makeover has generated quite a bit of excitement. He claims that money management is 80% behavior and 20% knowledge, and there is a lot of truth to that. While the book covers a lot of interesting tips [...]
Related Stores4 Tips to Getting Bad Debt Under Control
October 7th, 2008 — , Bad debt, Credit Cards, Financial Security, Long Term, cautionary notes, consolidation loan, consolidation loans, consumer culture, debt, easy solutions, finding a way, five dollars, fixed rate, goal, good debt, head above water, island in the sea, minimum payments, money, personal finance, short term loans, treading water, variable rates, vicious cycle, ways to make more money from Rich Leverage @ Rich Credit Debt Loan
If you are swimming in a sea of bad debt, keeping your head above water can be incredibly difficult. Thanks to our consumer culture, the availability of credit cards and a general lack of concern for what debt means, many people find that their bad debt is out of control. Luckily, there are a few [...]
Related StoresDo You Really Need Credit Cards?
October 7th, 2008 — , Bad debt, Credit Cards, Free Money, credit card credit, credit history, credit karma, credit score, credit scores, debt burdens, debt limits, economy, interest rates, many different ways, minimum balance, personal finance, six months, store credit cards from Credit Karma @ Credit Karma
Given the state of the economy and the rising debt burdens of millions of Americans, many people are left wondering whether they really need credit cards. The answer to this question lies in how well you can manage your money and whether or not you are prone to overspending. Let’s take a look at some [...]
Related StoresLearning Basic Money Management Skills
October 6th, 2008 — , Bad debt, Credit Cards, Economics, Money Management, benefit, budget, debt trap, finance, financial foundation, fly, how much money, insomnia, lack of knowledge, learning about money, personal finance, prevalence, saving, scales, vital lesson, vital tool, worries from Rich Leverage @ Rich Credit Debt Loan
Whether economics is your idea of a great way to fight insomnia, or you just didn’t get the benefit of learning about money management early on, it is never to late to learn the basic skills of proper money management. We highly recommend taking a brief course on finance if possible, but there are other [...]
Related StoresDo You Have What it Takes to Be a Millionaire?
October 2nd, 2008 — , Bad debt, amount of money, becoming a millionaire, bottom line, budget, debt, enormous problem, foreclosed property, goal, good debt, hundreds of thousands, mean time, million dollars, millionaires, mindset, oversimplification, overspending, personal finance, plasma tv, second group, slim to none, steady stream, thousands of dollars, time 3, wealth, winning the lottery from Rich Leverage @ Rich Credit Debt Loan
Every year, thousands of people become millionaires, while hundreds of thousands struggle to make ends meet. What is the difference between the two groups? In many cases, it comes down to whether or not you have what it takes to be a millionaire. While this may seem like oversimplification, there is a lot to be [...]
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Restore Your FICO Score – Part Two
September 29th, 2008 — , Bad debt, Lenders, checkbook, collection agencies, collections, credit report, credit score, diligence, fico score, fico scores, fraction, goal, interest rates, loans, money, personal finance, proof, verification letter from Rich Leverage @ Rich Credit Debt Loan
In our last post, we covered how to begin the process of restoring your FICO score, as well as how changes can affect this score. Now that you are ready to begin, there are a few steps that you will need to take. Many of these steps require diligence on your part and a little [...]
Related StoresHow to Undo The Results of Financial Trauma
September 18th, 2008 — , Bad debt, Free Money, Lenders, credit history, credit rating, credit score, creditors, debt, debt collections, dedication, despair, due date, financial stability, high risk credit card, minimum balance, money management skills, payment history, personal finance, protection act, rebuilding your credit, risk credit, secured card, secured credit card, six months from Rich Leverage @ Rich Credit Debt Loan
Whether you’ve lost your home or your job, or your money management skills over the years have left you severely in the hole, it is never to early to start turning things around. You can bounce back from financial trauma, but it will take some effort and dedication on your part. Here are some tips [...]
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Is Going Into Debt Ever Worth It?
September 16th, 2008 — , Bad debt, New stuff, couch, debt, dirty word, furniture appliances, furniture mart, getting a mortgage, good debt, good reason, interest deals, investments, maintenance costs, new apartment, new furniture, personal finance, prey, prime example, prope, rental property, scenarios, term lease, twelve months, ye olde from Rich Leverage @ Rich Credit Debt Loan
Debt has become such a dirty word these days, and in many cases, there is good reason for that. Americans are saddled with unheard of amounts of debt and the problem is not just going to go away. In some cases, debt is absolutely necessary, while in others, it is beneficial. The key is knowing [...]
Related Stores6 Steps to Get Back on the Right Financial Track
September 9th, 2008 — , Bad debt, Credit Cards, Home Equity, business venture, consolidation loans, credit rating, credit score, debt, emergencies, extra cash, financial bind, gas prices, good debt, investment property, little time, manageable level, mindset, new business, new stream, no brainer, personal finance, second job, secure place, using credit cards, variable rate, wise decision from Rich Leverage @ Rich Credit Debt Loan
Millions of Americans have found out this year that they are in dire financial straits and this came as a shock to most. Whether it’s a new variable rate on a mortgage, higher gas prices or just the higher cost of living, many of us are not as financially secure as we would like to [...]
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Continue reading → 6 Steps to Get Back on the Right Financial Track
How to Handle Debt Collectors
August 26th, 2008 — , Bad debt, bankruptcy, dealing with debt collectors, debt, debt collections, debt collector, extra time, good chance, hook, money, outlines, pennies on the dollar, personal finance, proof, reputation, sheer profit, thirty days from Rich Leverage @ Rich Credit Debt Loan
If you’re phone is ringing off the hook, or your debt collectors are literally breaking down your door, it’s time to learn your rights and how to handle them. No matter why you ended up delinquent on your accounts, dealing with debt collectors is humiliating and infuriating. However, there are a few steps that you [...]
Related StoresHow to Avoid the Three Worst Financial Traps
August 20th, 2008 — , Bad debt, Credit Cards, Income Streams, budget, cars, checkbook, credit card purchases, credit rating, credit score, debt, department store, economic trouble, financial traps, living paycheck to paycheck, material goods, maxing, money, paycheck to paycheck, personal finance, rule of thumb, salary, single one, temptation from Rich Leverage @ Rich Credit Debt Loan
No matter how wealthy or poor you are, there are financial traps that are waiting to disrupt your lives. Many people end up finding out too late that they are in the depths of one and it is nearly impossible to get out. However, there are specific steps that you can take to ensure that [...]
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Continue reading → How to Avoid the Three Worst Financial Traps
Are You Managing Your Debt Correctly?
August 7th, 2008 — , Bad debt, Credit Cards, budget, credit card company, debt, debt spiral, dirty word, educations, emergencies, enough money, fact of the matter, goal, good debt, groceries, hard time, interest card, late payments, minimum payment, personal finance, school tuition, signs, suggestion, wallet from Rich Leverage @ Rich Credit Debt Loan
Although debt is a dirty word to many, the fact of the matter is that the vast majority of us are in debt in some way or another. No matter how hard we try, there are times when you simply need something and cannot afford to pay for it straight off. For example, school tuition [...]
Related StoresSmart Credit Card Debt
August 5th, 2008 — , Bad debt, Credit Cards, Free Money, Investing, amount of money, bare minimum, budget, credit card balance, credit card debt, credit rating, debt, decades, emergencies, global problem, goal, good debt, investments, minimum payments, money, personal finance, poorhouse, premise, salary, smart credit, smart management, three months from Rich Leverage @ Rich Credit Debt Loan
Credit card debt is a global problem that has led many to the poorhouse. However, with smart management, credit card debt can actually be a good thing. Let’s look at how to have smart credit card debt that will help your finances instead of hurt it. The premise may be a little odd to some [...]
Related StoresAre Your Finances a Wreck?
August 4th, 2008 — , Bad debt, Credit Cards, budget, cash flow, couple days, credit bureaus, credit card purchases, credit rating, due date, economy, goal, late payments, money, monthly budget, much money, paychecks, personal finance, salary, warning signs that, wiggle room from Rich Leverage @ Rich Credit Debt Loan
As the housing crisis worsens and the economy looks increasingly weak, most Americans are facing the reality that their finances are in a bit of a wreck. Chronic overspending, a lack of savings and too much bad debt has left many in a financial condition that they would prefer not to be in. Here are [...]
Related StoresChecking on MyC4 late loans
July 30th, 2008 — , 3rd party services, Bad debt, Defaults, bad debt, debt sale, MyC4, currency risk, debt sale, loans, myc4.com from admin @ P2P-Banking.com
Lenders at MyC4.com do not have an easy task, when trying to check which of their loans are late on the repayments. The account page does not offer a comprehensive overview page. If a lender really wanted to check in detail he has to click through to the detail page of each loan he invested [...]
Related StoresEasy Personal Finance Tips
July 17th, 2008 — , Bad debt, Credit Cards, Income Streams, Retirement, aesop, aesop s fables, budget, debt spiral, drinks, good chance, grasshopper, groceries, m 80, managing your money, necessary expenses, partying, personal finance, rainy day, setting a budget, shopping, spending habits from Rich Leverage @ Rich Credit Debt Loan
When you’re trying to save for the future and still manage to eat, it can be tough to find that right balance. We all need to plan ahead and having a savings account really is essential. This can be a cushion or that “rainy day” money that you need, and it is never too late [...]
Related StoresCredit Cards as a Money Tool
July 11th, 2008 — , Bad debt, Consumer Protection, Credit Cards, Free Money, free interest from Lazy Man @ Lazy Man and Money
Much of America has is in debt. Sometimes it’s good debt and other times it’s bad debt. I wrote about good debt vs. bad debt last week. Credit cards that you don’t pay off are an example of bad debt. Many of them charge upwards of 20% interest. For that reason some people have decided to not to use credit cards at all.
It doesn’t have to be all doom and gloom with credit cards though. For those with the means and fortitude to pay them off every month, there are definitely rewards. Just be [...]
The Benefits of Leveraging Debt to Create Multiple Income Streams
July 8th, 2008 — , Bad debt, Financial Security, Income Streams, Investing, capability, checks, circles, debt, debt leverage, empire, financial future, financial genius, good debt, handful, immigrants, investing in the stock market, investments, leverage, making money, money, multiple streams of income, personal finance, proven formula, stigma, streams of income from Rich Leverage @ Rich Credit Debt Loan
Let’s face it, debt has managed to earn itself a pretty bad name in most circles, but in many cases, this stigma is undeserved. Debt, when used properly, can help you secure your financial future. While no one is arguing that improperly used debt is a bad thing, good debt is possible. Commonly, good debt [...]
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Continue reading → The Benefits of Leveraging Debt to Create Multiple Income Streams
Finance 101: Good Debt vs. Bad Debt
July 8th, 2008 — , Bad debt, Finance 101, Insurance, fdic insurance, good debt, leverage, mortgage, student loans from Lazy Man @ Lazy Man and Money
I’m amazed by the number of people who seem to be against debt. Debt has become has a problem in America, but I think too many people clump the good with the bad. To the people that don’t like debt, would you take a million dollar loan at 1% interest? I would. I’d immediately put it in a few interest baring accounts that are FDIC insured (I say a few because FDIC insurance doesn’t cover a whole million). At today’s rates, which are historically pretty low, you can make a guaranteed 3% on that money. [...]
Related Stores4 Easy Ways to Raise Your Credit Score
July 1st, 2008 — , Bad debt, Credit Cards, benefit, big three credit reporting agencies, bounce, credit card companies, credit report, credit reporting agencies, credit reports, credit score, debt, dispute services, good debt, loans, making money, money, personal finance, personal loan, principle, prospects, repairing your credit, right direction, secured credit card, three credit reporting agencies,

