The Super Simple Wealth Formula

I said I would give them a super simple wealth formula.   I was having a conversation with my brothers and sisters and the conversation naturally turned to saving more money, paying off debt and of course building wealth. They asked for a plan and I said “sure, whoever wants in on the plan, I’ll shoot off an email with it.”   Of course everyone said I want in so…

Read more

Should I Use a Payment Plan for My Plane Ticket?

I’ve seen a number of articles announcing that you can now pay for your airline tickets using a payment plan. I’ve been people exclaim “awesome, great idea! I’m definitely going to use this!” My reaction? I cringed. Hard. No seriously, I cringed really hard and thought about the trouble this will bring.   These aren’t payment plans in the strictest sense of the word. You’re not taking the amount that…

Read more

7 Tips to Pay Off Your Mountain of Student Loan Debt

You have a mountain of student loan debt and are frustrated. Maybe a bit overwhelmed? Trying to determine how in the world to pay it off. You’re not alone. Student loan debt is rising rapidly. The average student now graduates college with over $30,000 in student loans. Imagine heading to graduate school. The debt climbs even higher. Twenty-five percent of students with a graduate degree borrowed over $100,000. Yeah, and…

Read more

Life Lessons No One Told You About Money

Life lessons about money normally come about through trial and error (and make for interesting stories). You learn different life lessons about money in this manner due to the fact that there is little formal education on finances in our society. Financial skills are often  not taught in schools and rarely go beyond teaching how to balance a checkbook, and just the how not the why. Only 17 states have…

Read more

Is Dave Ramsey Unrealistic?

Dave Ramsey is known for stating that you shouldn’t borrow money, at all. If you can’t make the purchase with the income or cash you have then you can’t make the purchase.   However, in our society, using credit is not just common it’s ingrained. Credit is used to make large purchases such as cars, houses, large appliances for the home or business, loans for education etc. I remember not…

Read more

3 Steps to Stay Out of Debt

Credit card debt is a major problem. The average American household has $15,270 in credit card debt. The average interest rate for a credit card is 14.95%, but we know the range goes up as high as 30%. Ouch. But you made a debt reduction strategy, you challenged yourself and you paid it all off or are really close to paying it off. Congratulations! Are you resolved to stay out…

Read more

Important Tasks After Financial Hardship or Bankruptcy

Some of you have asked so let’s talk about it. No matter how much your income, whether it’s $30,000 or $200,000, you have likely experienced financial hardship at some point. It comes in many forms. Perhaps you’ve had to file for bankruptcy, have had an unexpected financial disaster or emergency that wiped you out, or perhaps you started a business and are going through lean times. During and after financial…

Read more

Avoiding More Debt During the Holidays

Over 80% of Americans have debt: mortgages, car loans, credit card loans etc. You likely fall in that number and you likely want to pay off your debt. Whether you’re the type of person who is really good about making sure you pay more than the minimum payment every month or you’re struggling to do better with making the payments, most of us falter around the holidays and rack up…

Read more

Moving Towards Financial Success.

In our society, money is necessary. Whether it’s something that you need or want, you need money to get it. In order to have shelter you’re likely paying rent or mortgage. In order to feed yourself and your family you need to purchase food and groceries. In order to get around you need transportation, whether you take public transportation or you drive your own car. Money permeates every aspect of…

Read more

4 Simple Tips to Raise Your Credit Score.

The past two weeks we discussed what credit is, how you build it, what is a credit score, and what affects your credit score. Now you know the importance of your credit history, what is on it, and how those items affect your credit score. So you may be thinking ok, what do I do if I have a low credit score or what can I do to raise my…

Read more