January 29, 2009 by nodebt.

Woul you like a clear understanding of how we got into this economic mess. CNN reports a focussed picture of how we got here. See Perfect Storm. Also take a look at my article Credit Cards- They’re Just Like Drugs

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January 29, 2009 by nodebt.

Wealth has nothing to do with how much money you earn. Wealth is rather that sense of being financially independent, financially un-vulnerable. And unless you are completely out of debt, you are a slave to whomever you owe money. On the other hand, if you are debt free including your home, who can touch you? You then have the option of investing the money you use to waste paying bills. You can buy items cash and get the leverage cash can bring to the bargaining table and still remain out of debt. You even have the option of reducing the need to bring in a paycheck by living on less with a simpler life or a life more to your choosing.
Give yourself a real pay raise of up to 40% tax free by getting out of debt!

If this makes sense, find out how to get out of debt in the fastest way known through the Debt Elimination Mini Course which is offered for absolutely no cost at all. Now there is a win-win scenari!

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January 29, 2009 by nodebt.

All debts are not equal. And if you are ever caught with more debt than income, you need to make some choices. These are the recommended priorities.

Rent/Mortgage

1. Utilities
2. Child Support
3. Car Payment
4. Secured Debt
5. Unpaid Taxes
6. Food
7. Unsecured Debt
8. Other Bills and Needs

You can find an elaboration of the above at my artcle of the same name Hierarchy of Debt along with a process for managing the debt.

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January 28, 2009 by nodebt.

Minimal effort is needed to see a stumbling economy and millions of consumers in desperate financial straits. Whose fault is it? More importantly, what can we do about it? One filmmaker has an answer, and advocates for financial literary education at all levels whole-heartedly support the film’s ambitious efforts. Read More

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January 28, 2009 by nodebt.

Scott Crawford is the CEO of DebtGoal.com. From the beginning of his career in economics, he watched Americans’ savings go down and debt-load go up and was fascinated by this trend. Eventually, Scott went to work for a large credit card issuing agency and was charged with doing research to learn customer needs. The results of this research were used to design new products. One consumer theme heard repeatedly was the request for help to get out of debt. Obviously the idea could not be sold to the credit card company, so he decided to do it on his own. Read More

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October 23, 2008 by nodebt.

CNN Money reports: “Former Federal Reserve Chairman Alan Greenspan told a House committee Thursday that the nation will emerge from the current credit crisis with a ‘far sounder financial system.’” See also my article Debt Priority - Hierarchy of Debt

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September 30, 2008 by nodebt.

Time Cnn offers an awesom article that I agree with. In it they oppose the bailout: “The Administration and Congress have felt compelled to do something about the “financial meltdown,” so an inefficient and inequitable “bailout plan” has been rushed through the legislature despite harsh criticism from the right and left.” See also my article Bogey Never Said It

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September 26, 2008 by nodebt.

Check out an article I submitted to cardratings.com called Brighter Ad Campaign from Discover card. The campaign is absolutely unigue and offers a responsible credit card campaign for a change. See also my article Credit Card’s Dirty Secrets.

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September 26, 2008 by nodebt.

CNN offers a great article on understanding the current finacial crisis and says: “Americans don’t need to worry about another depression. But no matter what happens with the bank bailout, the economy is unlikely to turn around soon.” Read more to understand the implicatins. Also see my article, Fundamentals of Paying Your Debt

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September 8, 2008 by nodebt.

CNN Reports: “Bailout of mortgage giants should result in lower mortgage costs and make credit more available. But lending standards will stay tight and risky borrowers will still pay extra fees.” See also my article How Much Is A Ton of Interest?

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