|
|
|
COLORADO...Drowning in debt, and have equity in your home?
Hey, Colorado! Do you have high interest credit cards, and can not seem to get ahead? Wish there was something you could do to get out of debt, but your credit is so bad you think there is no hope? THINK AGAIN! MONEYTREE is devoted to helping people...
Doing Debt Right, First Time and Not Repeatedly!
Sure, if you had your choice, you'd avoid debt, spend only what
you earn, and save a ton of money for the future. But sometimes
it just doesn't work out that easily. Life throws you those
little curve balls, such as repairs on your car or home,...
How Do I Lower My Debt Burdens?
It has become a common feature for most American families to have a certain amount of debt. However, it is in your best interest to find suitable ways to lower your debts as soon as possible and improve your credit scores. This will make it easier...
How to Cut Credit Card Debt
Most Americans have too much credit card debt. Duh, we've all heard that
before, right? Only now its gotten a bit personal... right again? You
personally have too much credit card debt and its about to drive you crazy.
Well there IS...
Secrets to why debt reduction is so vital for your financial health
Why debt reduction is vital for your financial health Living with debt is never a good idea if you want to make long-term financial plans. Every cent you use to service debt is money that could have been invested in your future. Investment is...
|
|
| |
|
|
|
|
|
|
Three Keys For Getting Out Of Debt
Getting out of debt gives you a euphoric feeling, positively liberating. It's a feeling you want with all your heart. The good news is, with the three principles outlined in this article, you can turn yourself in the direction of financial independence and take control of your future. That euphoric feeling will coming around sooner than you think.
Before we get started, let's get started. You read that correctly. The hardest part of any project is often just getting started. There are 101 reasons for procrastination, ranging from fear of success to fear of failure. We can get overwhelmed by the scope of large tasks. It's too much, it's daunting, and we get daunted.
So here is the Pre-1 A step that will get you started: set yourself up. You don't have to start making calculations, you don't have to start working out budgets, you just have to take a piece of paper, a calculator or a software program, and sit yourself down at a table. Once you're there, going forward becomes easy. So many big things in our lives take literally 10 minutes, but we invest them with far too much worry and therefore never get to them. Just getting set up isn't that threatening, so we can do that. And once we've gotten set up, we've created the momentum to carry us to the fulfillment of our goals.
OK, now let's look at the three principles.
Principal number 1: Know Everything.
You've heard the saying, "knowledge is power." It is especially true in getting out of debt. You have to know exactly how much money you earn, how much money you spend, how much money you owe. It is simple mathematics, and the more detail you have, the more control you have.
Gaining knowledge activates the brain. Our brains work very much like a computer. When you give a computer a task to complete, the computer keeps on working at it until it gets done. So, too, when we give our brains a job, they can perform amazing feats. By knowing every detail of your finances, you will be giving your brain the job of finding a solution to your situation. It seems like it happens automatically. Stay on top of the details of your situation, and you'll find the answers coming almost by themselves.
Principal number 2: Spend Importantly.
Great people don't fear failure. They actually appreciate it as a great teacher, so they can improve in the future. Most of the time our debt is a result of a failure of our spending systems. We either do not pay attention to how much we spend, or we just lose control of it. Let's face it, credit cards are a very mixed blessing. Most often, we spend huge amounts on things that are neither necessary nor important. Let's look at this in more detail.
There are three types of spending we do. First, there are necessities, such as groceries, medical costs, clothing and shelter
and so forth. The second type is for those things that are important, but not essential. They might include piano lessons, membership at a gym, dinner at a restaurant with your family, and other similar expenses. The third type are those things that are neither important, nor essential. These are luxuries, plain and simple: a Caribbean cruise, a TV set the size of a small skyscraper, the fanciest sports car, at the casino... you get the picture. Notice which category is usually the most expensive. Yes, the third type. By eliminating spending in this area, at least until you are solvent, you will help yourselves greatly.
I will add that it is a good idea to give some money to charity, whatever little amount you can afford. It may not make sense at first glance, but giving charity does something very important. It gives you a proper perspective on the value of money. Even if you give just a few dollars, you will come to view money as something to be used for important purposes, not to be squandered on unnecessary things.
Principal number 3: Make It Easy for Yourself.
Just as getting set up is the easiest way to get started on any object, making smart rules for how you spend is the easiest way to control your spending. The main culprit here is temptation. If spending is too easy, temptation has a lot power over us. If we make it harder to spend, temptation will fade away.
For example, if I left my credit cards at home, and only had a few dollars in my wallet, I would not be tempted in the least to buy that beautiful new suit in the window. I wouldn't even miss it! Similarly, when I have three credit cards, and two of them are within my spending limits, temptation is much greater than if I only had one credit card and I was already at my limit.
Making it easy for yourself means keeping yourself as far away from temptation to overspend as possible. Effective diets happen in the supermarket. If you don't buy those oversized cookies, you won't have them and you won't be tempted by them. That's why you should never go shopping when you're hungry. Make rules that will keep you from spending on anything that is beyond your budget. Use only cash for essentials, close down superfluous credit card accounts. Make it easy to stay the course.
Putting It Together
As you proceed in your journey towards solvency, make sure that you stick to these three principles. Constantly review your progress and keep "knowing everything." This will allow you to create and implement a surefire plan for getting out of debt for good. Good luck!
About the author:
Find more great articles at http://militaryfinances.coma great online source for finance information.
|
|
|
|
|
| Advertisements Promising Debt Relief May Be Offering Bankruptcy |
| Cautions consumers about ads in newspaper, magazine and telephone directories that offer quick fixes for debt problems. |
| www.ftc.gov |
|
| Welcome to Debt Relief International |
| Welcome to the web site of Debt Relief International. |
| www.dri.org.uk |
|
| Debt relief steps, your free guide to debt help. |
| Articles on debt relief, and credit management and repair. |
| www.debtsteps.com |
|
| Factsheet - Debt Relief Under the Heavily Indebted Poor Countries ... |
| The HIPC Initiative is a comprehensive approach to debt reduction for heavily indebted poor countries pursuing IMF- and World Bank-supported adjustment and ... |
| www.imf.org |
|
| Special report: debt relief | Special reports | Guardian Unlimited |
| February 6: A year ago the Guardian set out to track the west's promises of action for Africa on aid, trade, health and debt relief. As G8 finance ministers ... |
| www.guardian.co.uk |
|
| Debt Relief Options - Findlaw for the Public - |
| Welcome to Debt Relief Options. This section contains information about the ... To begin, select one of the Debt Relief Options topics from the list below ... |
| bankruptcy.findlaw.com |
|
| William Brewer |
| The Brewer Law Firm. William E. Brewer, Jr., Attorney at Law Board Certified Consumer Bankruptcy Specialist. 619 N. Person Street Raleigh, NC 27604 ... |
| www.debtrelief.com |
|
| Debt Relief - InCharge Debt Solutions |
| There are many ways to get out of debt, for good, and it may be easier than you think. The first step is knowing your options, the second step is taking ... |
| www.incharge.org |
|
| Economic Policy and Debt |
| May 2006, IMF And World Bank Support Cameroon’s Completion Point Under The Enhanced HIPC Initiative And The IMF Immediately Grants 100 Percent Debt Relief ... |
| www.worldbank.org |
|
| Economic Policy and Debt - The Enhanced HIPC Initiative |
| The Initiative’s debt-burden thresholds were adjusted downward, which enabled a broader group of countries to qualify for larger volumes of debt relief. ... |
| www.worldbank.org |
|
| Debt relief - Wikipedia, the free encyclopedia |
| Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. ... |
| en.wikipedia.org |
|
| Debt Analyzer, Debt Reduction Software, Home Page |
| Debt Elimination at its best! Potential savings of hundreds or thousands of dollars! Build debt reduction, timed elimination or consolidation schedules. |
| www.debtanalyzer.com |
|
| Superior Debt Relief |
| We help you get rid of credit card debt much faster than you may believe possible with credit card debt settlement and negotiation tactics, providing debt ... |
| www.superiordebtrelief.com |
|
| Debt Relief - Social and Economic Policy - Global Policy Forum |
| Aid Inflows, Debt Relief Yet to Translate into Reduced Poverty (March 20, 2006) ... Fearing that the IMF could tie debt relief to economic benchmarks, ... |
| www.globalpolicy.org |
|
| Debt Relief - Global Policy Forum - Social and Economic Policy |
| Debt Relief - Global Policy Forum - Social and Economic Policy. The Debt Relief Page Has Been Moved to: ... |
| www.globalpolicy.org |
|
| BBC NEWS | Business | Q&A: African debt relief |
| BBC News looks at the progress of international debt reduction efforts, and the sticking points which continue to hamper the process. |
| news.bbc.co.uk |
|
| Debt Relief Australia - Start Reducing Debt Today! |
| Debt Relief offers Australians in debt assistance with finding the most appropriate debt relief solution. |
| www.debtrelief.com.au |
|
| Debt Consolidation Australia, Debt Relief & Bankruptcy Information |
| Specialising in debt agreements, mortgage refinancing and bankruptcy. Company profile, calculators, solutions, media releases, testimonials and existing ... |
| www.foxsymes.com.au |
|
| Oxfam - Debt and Aid - Debt Relief for Nicaragua: breaking out of ... |
| Oxfam policy paper on relationship between international debt servicing and poverty. Linked to table of contents and also zipped for download. |
| www.oxfam.org.uk |
|
| What debt relief means for Africa | csmonitor.com |
| This weekend's $40 billion debt cancellation deal could spark major improvements in the lives of the world's poorest people. |
| www.csmonitor.com |
|
|