Wealth Building Information


Your Money Or Your Life


Have you stopped to realize that although you go to school to learn about important subjects, no one teaches you how to manage your money?

Money is an essential part of life in our pursuit of happiness, yet very rarely will a parent sit down and tech their child how to handle their money.

This is true in grade school, high school and worst college. So what happens? Many of us end up in an extremely large amount of debt. We can't seem to get it together even if we make more money.

I found myself in this trap about 13 years ago. I had an okay job, a car, and an apartment. Nice I thought soon I would buy a house and live the "American dream". Wrong! I could never save enough to buy a house. I had plenty of credit cards, so many that I never had enough money due to many payments to put aside for my dream home.

What was happening to my paychecks? Well, I was over extended in credit card debt for one. The buy now pay later syndrome was well embedded in my head. That mentality had to stop! Since, I wasn't terribly behind in my payments I was able to get some help from the creditors. I simply asked for a lower interest rate and/or the ability to skip a payment. After that call, I had to cut up and dispose of the cards. No! I didn't cancel my cards but I got rid of them just the same.

Next I bought a tablet just for my budget information and bills. I also purchased a software program to keep track of my expenses. I think it is important to keep something manual that you can carry as well as a computer software tool.

Next, as bills came in, I wrote them down with the name, address, phone number of the creditor, my total balance, interest rate, and minimum payment due, the due date, and if there were any annual fees acquired with the card.

Review the card with the highest interest rate and pay more then the minimum due. Always ask if they can reduce your rate or seek the possibility of debt consolidation buy applying for a low interest rate loan or credit card. If you haven't cut up your credit cards do not get a consolidation loan. Because most likely once your payments are manageable you'll start using your cards again.

Minimizing your spending is the key to financial freedom. Make sure to start a savings plan after you've gotten your debt under control.

Dina D Harbour, Financial Coach

Wanted Debt Or Alive (A counseling service)

http://www.wanteddebtoralive.org


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


WV News

'Community Wealth Building' opportunities available in new year
WV News
“(There were) some different ideas of how we can use what we have out here — our strengths — to continue to build on them, and to keep wealth building within our communities, rather than the wealth leading our communities,” Bristow said. Mike Battle ...

and more »


My Top SWAN Pick For 2018: Tanger Is A Wealth-Building Machine
Seeking Alpha
Tanger remains an industry leader that strives to provide superior experience to consumers, retail-partners and shareholders. Tanger has honed this skill over many years and has developed a reputation in the retailer community for being a marketing ...



See It Market (blog)

A Real Gauge For Investment Benchmarking & Wealth Building
See It Market (blog)
The New England Patriots are the winningest professional football team of the new millennia. While we could post a long list of reasons for their success, there is one that stands above the rest. In a recent interview, Patriots quarterback Tom Brady ...



HuffPost

Honoring Dr. King by Addressing the Racial Wealth Divide
HuffPost
Minneapolis, Minnesota: African American Financial Capability Initiative (AAFCI) Community of Practice is hosting a community event, The Color of Money: Bad Credit, Wealth and Race, on January 18th to share knowledge about how systematic barriers and ...

and more »


MilTech

7 Steps to Accelerated Wealth. A Fast–track Introduction to ...
MilTech
This is an enlightening book. I only wish it had crossed my literary menu 10 years ago. I would have been much the wiser and wealthier. Ian Leslie Corporate communicator and broadcast journalist. Want to learn how to use property to make $1 million ...

and more »


BizNews

Trump's aggressive corporate tax cuts: The start of a global wealth-building trend?
BizNews
EDINBURGH — Debate is raging in the US over whether Donald Trump's aggressive tax cuts will help or hinder the average American. There are statistics to present the case for and against the long-term benefits, depending on who is analysing the tax ...

and more »


BizNews

Meet Fraser Perring, short-seller who exposed Steinhoff and has ...
BizNews
Fraser Perring, the mysterious short seller who flagged financial irregularities dogging Steinhoff, has stepped out of the shadows.

and more »


BizNews

The Ramaphosa Effect: Rand could strengthen to R10/$ as it hits 'golden cross'
BizNews
JOHANNESBURG — Apart from Bitcoin, the rand is probably among the world's most volatile currencies. Last year, analysts threw around predictions that a deteriorating political climate would send the currency hurtling toward the R20/$ rate. But that ...

and more »


Allstate and Allstate Agencies Seek to Bring 800 Jobs to the Southwest region
PR Newswire (press release)
"Allstate is a trusted brand and an excellent wealth-building opportunity for a small business owner. We are unique among all other insurers because the agent owns the economic interest in their business," says Wise. "Allstate agents can sell the ...

and more »


BizNews

Magnus Heystek: How to grow your wealth in 2018 – avoid Top 40 and head offshore
BizNews
EDINBURGH — Magnus Heystek, a financial journalist, businessman and financial advisor, isn't afraid to say it as he sees it. Periodically he comes under attack from individuals with vested interests for his views on where to invest and, perhaps more ...


Google News

home | site map
© 2007