September 25th, 2006 by mmarquit
When you get serious about debt reduction, and if you are serious about getting out of debt fast, sometimes it can be shocking to look at your lifestyle and realize how extravagant you really are. Learning to pinch pennies here and there, saving a little money everyday and changing some of your living habits can [...]
Relevant Tags: build wealth, building wealth, debt reduction, debt reduction plan, eliminating debt, get out of debt fast, penny pinching
September 22nd, 2006 by mmarquit
When it comes to eliminating debt, it is important to realize that you must take charge of your situation. This means that while you can ask for support, you should still be accountable to yourself for your debt elimination plan. When you hold yourself truly accountable for your financial situation, you can begin to make [...]
Relevant Tags: debt elimination plan, debt reduction, debt reduction plan, eliminating debt, financial situation
September 18th, 2006 by mmarquit
One of the biggest problems with debt is the way that it affects us gradually. Debt really is a slippery slope. We gradually walk down the slope, starting out by saying that credit cards will be used only for emergencies and then, pretty soon, emergencies are becoming more and more widely defined. Or, we justify [...]
Relevant Tags: credit cards, debt elimination plan, debt reduction, debt reduction plan, problems with debt, reduce debt, slippery slope
September 11th, 2006 by mmarquit
One of your best debt elimination tools is knowing where your money is going. Keeping a spending journal can really open your eyes to where all the money is going. You can keep it in a small notebook that you can carry with you, on a spreadsheet on your computer or in a personal finance [...]
Relevant Tags: building wealth, cut back expenses, debt elimination tools, debt reduction, debt reduction plan, eliminate debt, spending journal
September 5th, 2006 by mmarquit
One thing you need to remember about debt elimination is that it is important to do it as soon as you possibly can. Why? Because interest never sleeps. And every bit of interest that you pay is going toward lining someone else’s pockets. If you want to build wealth, it is important that you start [...]
Relevant Tags: build wealth, building wealth, debt reduction, debt reduction plan, interest charges, reduce debt
August 17th, 2006 by mmarquit
It may seem counter-intuitive: your creditors don’t want you to pay off your debt? The truth is that most lenders preferred to be paid off with interest. And when you are talking about things like cars and homes, the lenders do want you to pay back the money. But when it comes to revolving accounts, [...]
Relevant Tags: building wealth, credit card companies, credit card debt, debt reduction plan, get out of debt, getting out of debt
June 29th, 2006 by jhampton
A not-so-new idea has become very popular lately. Instead of using credit cards for consumer purchasing, banks have been offering overdraft lines of credit for a check card or checking account.
Now these are good deals when you are faced with an emergency but again, it is debt. It’s a very poor idea when using this [...]
Relevant Tags: debt reduction plan, lines of credit, prosper learning, wealth building, wealth coaching
