Feb
19
President orders debt panel
February 19, 2010 | Leave a Comment
President Obama has issued an executive order that creates a bipartisan fiscal commission, the first step in deciding painful decisions that are needed to get the U.S. debt under control. The commission has to deliver a report to the president by Dec. 1 that makes recommendations for bringing annual deficits to no more than 3% [...]
Jul
10
Do Not Charge Your Doctor Visits
July 10, 2009 | Leave a Comment
How do you know that the economy is messed up? Because more Americans are being forced to use their credit cards for doctor's visits because they have no cash. It's a dangerous trend for you and an untapped market for lenders. How does this suck? Let me count the ways.
Don't be too surprised if lenders [...]
Apr
24
7 More Money Saving Tips
April 24, 2009 | Leave a Comment
Here's some more tips that will help you grow your money. Once you get going on these, you will really notice how much money is staying in your pocket every month.
1. Don't forget abour rebates. When you buy a product with a rebate, send in the form right away. Put it on the calendar and [...]
Apr
15
Keeping Teens Financially Safe
April 15, 2009 | Leave a Comment
MSN money has an interesting article about how to guide teens toward financial safety. As they point out, teens can sign themselves up for all kinds of debt, even before they are able to legally drink. They can spend their whole lives trying to pay off student loans for instance.
It's a bit of a hot [...]
Oct
15
Why A Mortgage Increases Your Risk
October 15, 2008 | 1 Comment
Or rather, why does any debt increase risk? Take a look at Wall Street now. Debt (over leveraging) and randomness wiped out every independent investment bank on Wall Street. Those that didn't fail are probably going to get nationalized (thank you comrade Bush).
The banks failed ultimately because they ran out of capital. They had too [...]
Jun
12
Is Debt Making You Sick?
June 12, 2008 | Leave a Comment
You know debt is bad but did you know debt is also bad for you? According to a recent poll, those who carry a heavy debt load reported more health problems in the previous 12 months. So is debt making you ill?
According to a poll by AOL and the AP, those with a lot of [...]
Apr
23
Why Debt is Risky
April 23, 2008 | 2 Comments
Debt is bad because with debt comes risk. Debt is risky for businesses and people. Debt, if used correctly, can be powerful tool. However, in too many cases, debt is used improperly and the consequences are unhappiness, stress, bankruptcy and divorce.
Attitudes About Debt Have Changed
I’ve already talked about how our attitudes about [...]
Apr
22
Why Is Debt No Longer a Bad Thing?
April 22, 2008 | 1 Comment
I am not a fan of debt. Most of the good financial gurus will tell you to pay off your debt. Debt is a tool to use when there are no other options. Unfortunately, I think the attitude toward debt has changed for the worse.
The Debt Industry
There is a debt industry in [...]