Many people in debt think “I’ll just file bankruptcy and start over, it’s easy”. The people who say that are in denial. Sure, the process might be easy (actually easier than I think it should be) but the hard facts are that bankruptcy will change you life for a long time (by the way most [...]
Becoming debt free, building wealth and taking control of your finances does not happen overnight, nor does it “just happen”, it takes planning, commitment, and dedication. It is important to set goals as I discussed in Debt Free Goal.
Setting goals requires you lay out and acknowledge your financial priorities, but how do you do [...]
Continue reading about 10 Thoughts On Setting Financial Priorities
What do you do when a friend or family member continues to ask to borrow money from you?
It’s a great question and one that causes much guilt and sometimes hurt feelings on both sides. One thing I have learned is that if someone is continually asking to borrow money from you they are most likely [...]
Continue reading about Lending Money To Friends and Relatives
Today a friend of mine talked to me about his debt situation and in the same breath stated he wanted to lease a new car. I won’t mention his name but he is a smart individual, well established family man who makes a good salary, close to six figures.As we continued our conversation, [...]
Goal - Dictionary.com defines it as: “the result or achievement toward which effort is directed; aim; end.”
Goal, intention, objective, destination, target, mission. No matter what word you use, it is a point in your future that you aim for success.
We have all set goals, we have successfully achieved many and we have [...]
In 1993 I was $48,000 in debt. I lived in an apartment, paid monthly car payment to the bank, and after expenses, rent, electric, phone, insurance; the rest went to paying on credit cards. I had no savings, and to say I was living paycheck to paycheck was an under statement because [...]
Money Management, also know as cash flow management is the key to becoming debt free as well as successfully living in financial freedom.
Let me ask you a question. How much money do you make a year? Would you believe that most people can not answer this question? It’s true; most people, especially [...]
