Why You Should Become Debt Free – Part 3
To have money for repairs. If you own or even rent a home, you will need money for repairs and general upkeep. Some examples of possible repairs are a leaky roof, a squeaky furnace, household appliances such as the washer, dryer and refrigerator, and other necessary repairs on vehicles, computers, etc. If you are maxed […]
Why You Should Become Debt Free – Part 4
To enjoy life. Debt has a way of diminishing our quality of life. It often takes the enjoyment out of the simple things in life. After piling up debt after debt, we spend half our lives just paying the cost of interest, in addition to repaying the debt. To fulfill dreams. Debt has a way […]
Choosing to Improve Your Financial Condition – 1
Understanding that a lot of choices do come your way and that you have within you the power to improve your financial condition, you will come to understand that you too can be completely debt free. So what is the answer? Let’s start by making sure you know you have too much debt now and […]
Choosing to Improve Your Financial Condition – 3
Keeping temptation away helps to stop the bleeding but it does nothing to correct past mistakes. You still have to handle past purchases, past loans and other debt you have incurred. Now that you have stopped the bleeding by saying no to new debt, take all extra cash you have and apply it to old […]
Choosing to Improve Your Financial Condition – 4
Can you be debt free? One person says, “I can,” another person says, “I cannot.” Which person is correct? Both are correct. If you think you can, most likely you will. It’s not so much the power of positive confession or positive thinking, as it is the sheer determination of the human spirit to accomplish […]
Choosing to Improve Your Financial Condition – 5
Benjamin Franklin said, “When you run in debt, you give to another power over your liberty.” Living within your means is simply not going into debt for any purchase. It means you purchase only things you need, not what you want, and you pay cash for things you need instead of trapping yourself in debt […]
Choosing to Improve Your Financial Condition – 7
In my last blog I stated that you have to first get to the starting line. There is a planning process that you should be aware of. What is involved in the planning process? Planning is outlining a course of action in order to achieve a goal, thus fulfilling a desired objective. It is predetermining […]
Needs vs. Wants
Do you know the difference between a need and a want? Knowledge is good, but your choices must reflect that knowledge. If the potential purchase is a want, then don’t buy it. Knowing the difference puts you in control. Look at the following list and see if you know the difference. NEEDS or WANTS? Winter […]
Financing Your Vehicle vs. Paying Cash – 1
Let’s contrast a real-life scenario of the borrower versus the lender that happens tens of thousands of times every day. A person walks into an auto show room and falls in love with that new car or truck that has everything he ever desired. The design is superb, the model fits his or her personality, […]