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
Personal Budget Planning is Crucial!
November 13th, 2008 — , Credit Crunch, Personal Budget Planning, Smart Money Ideas, amount of money, bank statements, cash transactions, credit card statements, discretionary income, economy, expense statements, good foundation, hassle, household, income statements, incomes, least three months, paychecks, personal budget, personal finance, personal wealth, receipts, salary, six months from Loanio @ Loanio
Personal budget planning is absolutely crucial if you want to build personal wealth and overcome things like the credit crunch and the current problems that the economy is experiencing. The word “Budget” is one that worries a lot of people because it often seems more like a hassle and a chore than anything else, but [...]
Related StoresThe $100K Experiment
October 6th, 2008 — , $100, $100K Experiment, $100K jobs, 000 video, Ads, TheLadders.com. The Ladders, career, jobs, salary from Mike @ richerbytheday
TheLadders.com, the job site for positions in the $100K per year range, ran an interesting experiment. They placed $100,000 in a glass box and left it out in public to see the response. Hidden cameras captured what unfolded.
Watch the $100K Experiment
The idea behind their experiment (and their commercials) is that $100K draws quite a crowd. [...]
All About Emergency Funds
September 3rd, 2008 — , Financial Security, Insurance, Long Term, Standard of Living, auto repairs, breathing room, credit card, emergency fund, few days, financial ruin, health insurance, heartbreaking stories, high interest rates, how much money, lifesaver, looking for a job, money, mortgage payment, personal finance, salary, savings account, three months, unemployment from Rich Leverage @ Rich Credit Debt Loan
The news is full of heartbreaking stories about people losing their homes, going bankrupt and facing financial ruin. If you don’t want to be among them, it is time to take a hard look at some steps that you can take to insure yourself against financial ruin. One of the best things that anyone can [...]
Related StoresWhat You May Not Know About Personal Finance
September 1st, 2008 — , Financial Security, Long Term, aim, banking, budget, car accident, common sense, credit reporting agencies, emergencies, emergency fund, expenditures, financial disasters, first steps, four months, goal, good habit, gross earnings, late payments, losing your job, managing your money, money, personal finance, rainy day, salary, wealth from Rich Leverage @ Rich Credit Debt Loan
Unless you’ve taken some courses on handling finances, there is a chance that you may not be aware of a few of the key points about budgeting, managing your money and planning for the future. While a lot rests on common sense, there are a few techniques that everyone can use to correctly manage their [...]
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How 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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Smart 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 StoresThe Two Income Trap By Elizabeth Warren and Amelia Warren Tyagi
August 1st, 2008 — , Book Review, Income Streams, business consultant, car payments, current system, daughter amelia, disposable income, financial safety, harvard, incomes, individual family, living paycheck to paycheck, mom work, paycheck to paycheck, personal finance, premise, safety net, salary, sending your kids, streams of income, tuitions, valid concerns, warrens from Rich Leverage @ Rich Credit Debt Loan
This was an absolutely fascinating read and its one of the few books that we truly recommend, especially to those with families. The main premise of the book is that our current system of having to have two incomes to make ends meet is what is driving individual family economic meltdowns. How can more money [...]
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What You Need to Know Before Going Into Debt
June 11th, 2008 — , Bad debt, Credit Cards, Debt Management, Free Money, credit card, credit score, deb, debt, debt trap, debts, interest rates, less than three months, leverage, limit fees, loans, making money, maxing out, money, personal finance, ropes, rule of thumb, salary, smart practice, traps from Rich Leverage @ Rich Credit Debt Loan
Let’s face it, if you want to get ahead in today’s world, you’re going to need to go into debt, at least a little. The key is managing your debt properly and avoiding common traps. Not all debt is bad, even if we have been trained to think that it is. Going into small amounts [...]
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Why I Telecommute
October 9th, 2007 — Financial Education, Lending Club, discipline, distractions, focused, locations, mobility, salary, schedule, telecommuting from Mike Smith @ Better Rates. Together.
While the notion of telecommuting may conjure images of an unshaven man in sweatpants working to his own schedule without regard for the real world, my own experiences have been much different, though equally satisfying.
I have been telecommuting to my day job for about two years now. Working for a company with many [...]
Defined Contribution versus Defined Benefit
August 31st, 2007 — Financial Education, Lending Club, benefits, contribution, contributions, defined, plan, plans, salary, workers from Mike Smith @ Lending Club
It’s never too early to start thinking about retirement. When you’re making your plan, it’s important to understand the difference between a defined contribution plan and a defined benefit plan.
The Defined Benefit Plan:
The defined benefit plan that people are the most familiar with is a pension plan. The way it works is that you get [...]
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