Category: debt

Personal Growth Carnival – “That’s A Lot Of Growth” Edition!

That title just sounds plain wrong, don’t you think? Oh well. The Personal Growth Carnival went up yesterday over at Bryan C. Fleming and my post “There Will Be No Flashing Green Light, OK?” was included. Some of my favorites from the Carnival include:

Getting Green tells you how to win people over to your way of thinking.

Succeed Socially lets you in on the importance of simplicity and the basics in social interactions.

Tupelo Kenyon says to take time for you, and I could not agree more. I am a big believer in taking time for one’s self.

debt

By David

The Start Digging Out Of Credit Card Debt Challenge – Week Four.

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Hello again debt eliminators….how’s it going? I got a bunch of emails after last week’s post both thanking me for putting this list together and asking a few questions. Since last week, you were supposed to start setting up a bi-monthly payment plan on the credit card with the lowest balance while continuing to pay the minimum once a month on the other cards you have. Any success with that? Any problems with that? I hope you were able to start putting together your plan, figure out how much extra you could pay every month, and get ready to watch that debt go down. This week I wanted to answer two questions I got in the past week that might help some of you out as you are setting up this plan. Here we go…

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debt

By David

Personal Finance Readers Speak Out And Would Take The $25,000.

The other day I asked a hypothetical question to the readers…”Would You Take $25,000 Or A New Car?“. And without a single naysayer, every single person that either commented or emailed said that they would take the $25,000. Yes! That was what I was hoping would be the answer and I am glad to see that people know that the money is way more important than having a nice car. Nicely done guys! Some choice comments from the discussion that followed:

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debt

By David

The Start Digging Out Of Credit Card Debt Challenge – Week Three.

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So last week you were supposed to leave your comfort zone and start calling the credit card companies. I got several emails from readers saying that they did it and got reductions on their interest rates…did you? They were talking about being nervous, scared, shaky…but after it was over and they knew they made some headway, it was pure elation. I hope you took some time over the last 7 days to getting your interest rate reduced, which in effect reduces the debt you owe as well. If you did, congrats for breaking down that barrier and calling them up. That’s great!

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debt

By David

The Start Digging Out Of Credit Card Debt Challenge – Week Two.

Last week your homework was a very simple task; gather up all your cards, write down the name, balance, interest rate and credit limit of each card. I am guessing you were able to complete this task in an hour or so, but I gave you all week because that is how slow we are taking this…one tiny step at a time. Too many people try to rush into paying off the debt without a methodical process of doing so, thus “falling off the bandwagon” way too quickly because they are overwhelmed. I am aiming to change this with this slow process.

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debt