Month: September 2019

A Simple Trick for Getting Credit Card Interest Charges Waived

Congratulations if you can figure out the connection between this picture and the story. There are those who steadfastly insist that credit cards are evil, and that credit card companies are greedy heartless scalawags that care only about one thing: making a profit. I’ve got news for them: Credit card companies aren’t evil. Neither are …

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The Future of Financial Freedom: Q&A with Ash Seddeek with Shay Maudsley

I’ve been diligently managing my personal finances and tracking household expenses for more than 20 years. How diligent, you ask? Well, I can tell you that my cable bill in February 1998 was $8.03, and that I spent $141.16 in 2006 for an annual subscription to the Los Angeles Times. I can also verify with total certainty …

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12 Good Reasons Why You Should (and Shouldn’t) p Early

Do I think it’s wise for you to pay off your mortgage early? You may as well ask me if I think it is a good idea if you paint your living room sage green. For many years I believed that paying off your mortgage was an absolute no-brainer. Then I did a complete 180, changing direction …

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If You Can’t Live on $40,000 Per Year, It’s Your Own Fault

Awhile back I described ten common characteristics of debt-free people. In that article, I specifically asked my readers to consider this question: “Why is it that there are families out there with household incomes under $40,000 comfortably making ends meet and saving for retirement with no debt on the books — or at worst, a single …

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Why Your Expensive Luxury Car Doesn’t Impress Smart People

A few days ago Jennifer commented on a post I had written entitled 8 Big Reasons Why You’re Getting an F in Personal Finance 101. She was lamenting the sense of entitlement she saw in many people. Here is an excerpt: “I know a woman who is a single mother and hit up her friends for …

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Dear Friend: Here Are 41 Reasons Why I’m NOT Lending You the Money

I recently saw a curious article in the Huffington Post that attempted to explain why our friends often fail to repay money that they borrow from us. In a nutshell, the piece offered five reasons: You refuse to ask for the money back. You make it too easy for your friends to ignore you. You didn’t get …

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19 Things Your Suburban Millionaire Neighbor Won’t Tell You

That’s right. Although having a million bucks isn’t as impressive as it once was, it’s still nothing to sneeze at. In fact, CNBC reports that in 2015 there were 10.4 million millionaires in the United States alone. That’s a lot of people, people. And the odds are one or two of them are living near you. Heck, one …

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How To Check Your Credit Report

Reviewing your credit report at least once a year is part of a healthy financial routine.  What you should be on the lookout for is errors or out-of-date information. This annual routine is important because you don’t want inaccurate information to hold you back from achieving your financial goals. Here are some big reasons to check your …

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How to Rebuild Credit: 5 Simple Steps

Often, I share advice about how to get out of debt and live debt free. But, what if you’ve already eliminated your debt through a bankruptcy or proposal and you’re ready to get back on track? What’s next? Today, I am going to share tips on how to rebuild your credit. First, I don’t advise …

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How To Correct Errors On Your Credit Report

It is a good idea to check your credit report every year. It is not uncommon for there to be mistakes and omissions on your credit report and these errors can cost you by increasing  your interest rate and can even impair your ability to qualify for a loan.  By checking your report at least …

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