14 Feb 2018

3 MONEY MISTAKES TO AVOID TO BE DEBT FREE

  “Emotions get a hold of us, and we as investors, tend to do very stupid things” Princeton University Economist Burton Malkiel, p. 17 “Unshakeable”-Tony Robbins         We all want to be financially independent at one stage or another. Some of us who were once there, and didn’t do so well at staying there, can really find these tips helpful in order to get a fresh perspective … Read More
11 Dec 2017

OUR DEBT FREE JOURNEY MONTH 9

  We’re 9 months into our Debt Free Journey and here’s how we did    WOW. It’s already December, the end of the year 2017. Where did the time go? We barely started 2017 and now we’re at the end of it. The adage ‘time waits for no one’ is absolutely true, all the time.   Our November’s total debts came in at $115,936, a very modest gain from our … Read More
7 Sep 2017

OUR DEBT FREE JOURNEY MONTH 6

 The rich rule over the poor,     and the borrower is slave to the lender. – Prov 22:7     We’re 6 months into our Debt Free Journey and here are our snapshots   August’s total debts came out to $120,686, it actually went up from July’s total of  $120,099.64, due to losing momentum and succumbing to pressures of spending once again.   Needless to say, we had charged up one … Read More
16 Aug 2017

4 WAYS TO ENSURE YOUR FAMILY’S PEACE OF MIND

  … AS YOU WORK YOUR DEBT FREE JOURNEY…   “Infuse your life with action. Don’t wait for it to happen. Make it happen. Make your own future. Make your own hope. Make your own love. And whatever your beliefs, honor your creator, not by passively waiting for grace to come down from upon high, but by doing what you can to make grace happen… yourself, right now, right down … Read More
8 Aug 2017

OUR DEBT FREE JOURNEY MONTH 5

  “Rule #1: Never lose money. Rule #2: Never forget Rule # 1” Warren Buffett       We’re 5 months into our Debt Free Journey and here are our snapshots     July’s total debts came out to $120,099.64, down $1,601 from June’s $ 121,701.   Slowly but surely we’re making a dent.   Last month we kinda messed up our budget a little since we traveled, but like … Read More
13 Jul 2017

OUR DEBT FREE JOURNEY MONTH 4

  “You’ve got to tell your money what to do or it will leave” – Dave Ramsey   We’re 4 months into our Debt Free Journey and here are our updates   June’s total debts came out to $121,701 which was up from May’s total of $120,452; a difference of + $1,249  (wasn’t expecting this jump in the reverse direction though).   This is due in part to the school loan … Read More
15 Jun 2017

4 COMMON SENSE WAYS TO BE DEBT FREE

    “Winning at money is 80 percent behavior and 20 percent head knowledge.  What to do isn’t the problem;  doing it is.   Most of us know what to do,  but we just don’t do it.   If I can control the guy in the mirror, I can be skinny and rich.”  ― Dave Ramsey       This year marks our 25th year wedding anniversary.  We got married when … Read More
2 Jun 2017

OUR DEBT FREE JOURNEY MONTH 3

    “You can’t be in debt and win. It doesn’t work.” Dave Ramsey       We’re 3 months into our Debt Free Journey and here are our snapshots   Our previous month’s total debts were at $120,452, this month it’s down to $118,731, a decrease of $1,721.   That doesn’t seem like a lot especially with our debt payment budget of $2,041, but it’s getting there.  We can … Read More
1 May 2017

OUR DEBT FREE JOURNEY MONTH 2

Here’s the 2nd month snapshot of our Debt Free Journey.   We initially had a total of $122,306 of combined debts since March 23; we are now down to $120,452 a net reduction of $1,854 (personal loan numbers aren’t shown in mint snapshot since it’s from the bank of Mom).   Mar 2017             Apr 2017             Here’s a snapshot … Read More
7 Mar 2017

DELINQUENCIES ARE ON THE RISE

  THERE IS TROUBLE AHEAD   According to recent data released by the Federal Reserve Board , delinquency rates for credit card debts in the fourth quarter 2016 rose to 2.34% and is slightly higher than what they were in the same period for 2015 which is 2.16%.     In a similar report posted by moneytips.com taken from recent American Bankers Association (ABA) data state that;   “credit card … Read More
6 Mar 2017

WHAT IS DEBT AND WHY IT’S BAD

      DEFINITION   According to Merriam Webster’s definition, DEBT is an ‘Obligation’ or something ‘Owed’.   It’s an oversimplified definition that in today’s world has lost its true meaning due to big business’ efforts in the last 60 years to make it mainstream, acceptable and ‘normal’.   People don’t realize that debt is really an ‘obligation’ that in most cases turn into a great burden.   You can’t turn … Read More
4 Mar 2017

THE BEST DEBT REPAYMENT PLAN: DEBT SNOWBALL

When people with money meet people with experience, they end up with your money and you end up with experience – Anonymous     Ever since embarking on this journey, i naturally had to research a whole lot of money matters, which i should’ve done at the front end of my working career, but enough said 🙂 Now that i’m in this hole, i can safely say that i discovered and … Read More
3 Mar 2017

IT’S JUST STUFF.. SELL IT

  START SELLING   Okay, so one of the strategies highly recommended by a bunch of financial bloggers out there is to ‘SELL YOUR STUFF‘.   It’s just STUFF anyway,  right?   Well, that may be true but if you’re married, your spouse might not think the same way as you.   The best thing to do is to sit down along with the budget and the plan and find out … Read More
3 Mar 2017

OUR DEBT REDUCTION PLAN

DAY 1 WAS TO FINALLY PLAN HOW WE WERE GOING TO START   We quickly leveraged all the FREE online tools to manage money.   Decided to use mint to keep track of our money.   Committed to creating and sticking to our budget, for budgeting we used everydollar (the free version) online app, due to ease of use.     Our total debt to start was $124,695 (including personal loans with the bank … Read More

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