Vince
......
Before divorce I had money problems. After divorce the money problems went away, all debts were paid off, paid off vehicles, etc. Wonder if there's a correlation there?
And just to be fair, money wasn't the reason for divorce.
Conquer Debt Year Round
- Thread starter ProfMoneyWise
- Start date
And just to be fair, money wasn't the reason for divorce.
ProfMoneyWise
Member
Conquer Debt Year Round
Tuesday April 26
"SAVE" is a good four-letter word.
The saving rate in the United States is horrible. Don't be a statistic. Better yet, do your part and be one of the odd ones. Actually live on less than you make, have no debt, and save some of what you take home.
Tuesday April 26
"SAVE" is a good four-letter word.
The saving rate in the United States is horrible. Don't be a statistic. Better yet, do your part and be one of the odd ones. Actually live on less than you make, have no debt, and save some of what you take home.
ProfMoneyWise
Member
Conquer Debt Year Round
Wednesday April 27
Don’t say the words “investment portfolio” until you can say “debt-free.”
Investing while in debt is spinning your wheels. More is going out than is made on the investment. Plus, your investments are at risk.
It may seem like you're missing out if you get out of the market, but you're actually gaining with every dollar of debt you pay off as you get an instant return equal to the interest rate affixed to that debt.
Wednesday April 27
Don’t say the words “investment portfolio” until you can say “debt-free.”
Investing while in debt is spinning your wheels. More is going out than is made on the investment. Plus, your investments are at risk.
It may seem like you're missing out if you get out of the market, but you're actually gaining with every dollar of debt you pay off as you get an instant return equal to the interest rate affixed to that debt.
ProfMoneyWise
Member
Conquer Debt Year Round
Thursday April 28
Losing weight, quitting smoking and getting out of debt cost nothing to do, but only you can do them.
Only you can change you and the three goals above are all on you.
Thursday April 28
Losing weight, quitting smoking and getting out of debt cost nothing to do, but only you can do them.
Only you can change you and the three goals above are all on you.
ProfMoneyWise
Member
Conquer Debt Year Round
Friday April 29
If you're bragging about your possessions better make sure you own them first.
Friend of mine drove up in a brand new car and asked me what I thought. I said, "nice car."
He then said, "I got a great deal on it as a lease. Good idea, huh?"
You can imagine the floodgate that opened up!
Friday April 29
If you're bragging about your possessions better make sure you own them first.
Friend of mine drove up in a brand new car and asked me what I thought. I said, "nice car."
He then said, "I got a great deal on it as a lease. Good idea, huh?"
You can imagine the floodgate that opened up!
ProfMoneyWise
Member
Conquer Debt Year Round
Saturday April 30
Dictate or disappear? That's what happens if you don’t budget and dictate where your money is going. It disappears.
You have to make a budget. Dave Ramsey (Dave Ramsey Homepage - daveramsey.com) says, "Spend every dollar on paper on purpose. Give each dollar a name."
Take control of your money, it's critical to your success.
Saturday April 30
Dictate or disappear? That's what happens if you don’t budget and dictate where your money is going. It disappears.
You have to make a budget. Dave Ramsey (Dave Ramsey Homepage - daveramsey.com) says, "Spend every dollar on paper on purpose. Give each dollar a name."
Take control of your money, it's critical to your success.
ProfMoneyWise
Member
Conquer Debt Year Round
Sunday May 1
The best way to pay off debts is the Debt Snowball. (Thanks, Dave Ramsey Homepage - daveramsey.com).
I like the little to big balance theory. Don’t pay attention to the interest rate, we are after momentum and progress.
Pay off the smallest balance first, then roll the amount you paid on that balance to the next one. See, it snowballs and the payments get bigger and bigger and the balances get smaller and smaller.
Sunday May 1
The best way to pay off debts is the Debt Snowball. (Thanks, Dave Ramsey Homepage - daveramsey.com).
I like the little to big balance theory. Don’t pay attention to the interest rate, we are after momentum and progress.
Pay off the smallest balance first, then roll the amount you paid on that balance to the next one. See, it snowballs and the payments get bigger and bigger and the balances get smaller and smaller.
ProfMoneyWise
Member
Conquer Debt Year Round
Monday May 2
There is absolutely no rational person on earth who can justify paying more for something than it’s worth just so they can have it before they own it. Don’t be irrational.
Monday May 2
There is absolutely no rational person on earth who can justify paying more for something than it’s worth just so they can have it before they own it. Don’t be irrational.
ProfMoneyWise
Member
Conquer Debt Year Round
Tuesday May 3
Today.
That is the only choice you have.
Today is the day you begin to get yourself out of debt and only you can do it.
Tuesday May 3
Today.
That is the only choice you have.
Today is the day you begin to get yourself out of debt and only you can do it.
ProfMoneyWise
Member
Conquer Debt Year Round
Wednesday May 4
Tires wear out. Cars breakdown. Homes need repair. These are not emergencies. Life happens.
You can't think of everything but you can plan financially for most of it. Set up separate funds for these occurrences. Homeowner association dues, car insurance, newspaper delivery, all these bills are coming so make sure you can afford them before they arrive.
It's all about being prepared and at peace financially.
Wednesday May 4
Tires wear out. Cars breakdown. Homes need repair. These are not emergencies. Life happens.
You can't think of everything but you can plan financially for most of it. Set up separate funds for these occurrences. Homeowner association dues, car insurance, newspaper delivery, all these bills are coming so make sure you can afford them before they arrive.
It's all about being prepared and at peace financially.
ProfMoneyWise
Member
Conquer Debt Year Round
Thursday May 5
Realtors earn a percentage of the total selling price of a house. The bigger the price the more they get paid. So why ask a realtor how much house you can afford? Think about it, please, and know the rules of the game you are playing.
Thursday May 5
Realtors earn a percentage of the total selling price of a house. The bigger the price the more they get paid. So why ask a realtor how much house you can afford? Think about it, please, and know the rules of the game you are playing.
ProfMoneyWise
Member
Conquer Debt Year Round
Friday May 6
If you only have enough money to buy a beat up, on its last legs car then you know the answer to the question, "What can I afford to drive?," don’t you?
Don't ask the car salesman what you can afford. You can just leave your checkbook in his hands if you ask him.
Friday May 6
If you only have enough money to buy a beat up, on its last legs car then you know the answer to the question, "What can I afford to drive?," don’t you?
Don't ask the car salesman what you can afford. You can just leave your checkbook in his hands if you ask him.
ProfMoneyWise
Member
Conquer Debt Year Round
Saturday May 7
You can't argue intelligently against getting out and staying out of debt.
Note, I didn't say you couldn't argue the point.
Saturday May 7
You can't argue intelligently against getting out and staying out of debt.
Note, I didn't say you couldn't argue the point.
ProfMoneyWise
Member
Conquer Debt Year Round
Sunday May 8
Being financially prepared and in control doesn't solve all your problems. But, it eliminates a lot of them and takes the financial stress out of others.
Try it. You'll never go back to living on the edge again.
Sunday May 8
Being financially prepared and in control doesn't solve all your problems. But, it eliminates a lot of them and takes the financial stress out of others.
Try it. You'll never go back to living on the edge again.
ProfMoneyWise
Member
Conquer Debt Year Round
Monday May 9
If married, you can't go forward financially if both aren't involved. Have a weekly budget meeting, a must in order to prosper together.
Some people want their partner to handle the money and just give them an allowance. This isn't a relationship, it's parenting.
Others claim they want nothing to do with the money but are quick to complain about the finances. This isn't a relationship either, it's just childish.
Monday May 9
If married, you can't go forward financially if both aren't involved. Have a weekly budget meeting, a must in order to prosper together.
Some people want their partner to handle the money and just give them an allowance. This isn't a relationship, it's parenting.
Others claim they want nothing to do with the money but are quick to complain about the finances. This isn't a relationship either, it's just childish.
ProfMoneyWise
Member
Conquer Debt Year Round
Tuesday May 10
You hand me a dollar and I give you twenty cents back. Are you happy? That's what happens when you keep debt on a house or student loan for the tax deduction.
Don't fall for the "tax deduction" trick. If that $10,000 write-off is so important find a good charity and give it away. Your money is put to good use and you can enjoy your paid-for house and relish the job where you use your paid-for education.
Tuesday May 10
You hand me a dollar and I give you twenty cents back. Are you happy? That's what happens when you keep debt on a house or student loan for the tax deduction.
Don't fall for the "tax deduction" trick. If that $10,000 write-off is so important find a good charity and give it away. Your money is put to good use and you can enjoy your paid-for house and relish the job where you use your paid-for education.
ProfMoneyWise
Member
Conquer Debt Year Round
Wednesday May 11
Stop it! Quit running down the credit card companies. You allowed them to do this to you so it's time to shut up, pay up and never do it again.
It's all in the fine print you ignored. That's what gives them the right to raise your rates, change your payment dates, keep you in the dark. You allowed it.
Wednesday May 11
Stop it! Quit running down the credit card companies. You allowed them to do this to you so it's time to shut up, pay up and never do it again.
It's all in the fine print you ignored. That's what gives them the right to raise your rates, change your payment dates, keep you in the dark. You allowed it.
ProfMoneyWise
Member
Conquer Debt Year Round
Thursday May 12
Using a calculator is easy. Looking at the result on the display and taking responsibility for it is the hard part.
It's hard to do the math and admit you don't have the income to cover your lifestyle.
Get out the calculator, you have to know where you stand.
Thursday May 12
Using a calculator is easy. Looking at the result on the display and taking responsibility for it is the hard part.
It's hard to do the math and admit you don't have the income to cover your lifestyle.
Get out the calculator, you have to know where you stand.
ProfMoneyWise
Member
Conquer Debt Year Round
Friday May 13
Some of you earn way too much money to be living paycheck to paycheck. You don’t need to get a second job to fix things, you just have to take control of your money.
Many folks are afraid to run the numbers because they fear they are in over their heads with spending. Funny, but some who think that way actually have plenty left over. They just have no way of knowing because they're afraid to look.
Which are you?
Friday May 13
Some of you earn way too much money to be living paycheck to paycheck. You don’t need to get a second job to fix things, you just have to take control of your money.
Many folks are afraid to run the numbers because they fear they are in over their heads with spending. Funny, but some who think that way actually have plenty left over. They just have no way of knowing because they're afraid to look.
Which are you?
ProfMoneyWise
Member
Conquer Debt Year Round
Saturday May 14
There are “haves” and “have nots.” The “haves” say the first step to becoming like them is to have no debt.
So what is your first step?
Saturday May 14
There are “haves” and “have nots.” The “haves” say the first step to becoming like them is to have no debt.
So what is your first step?