OUR DEBT FREE JOURNEY MONTH 13
“Happy are those who dream dreams and are ready to pay the price to make them come true” – Leon J. Suenes
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
BEST FINANCIAL TIPS FOR PARENTS WITH TEENS
“Only 1 in 6 High School Students Nationwide Required to Take Personal Finance Course To Graduate” – Study by NextGen Personal Finance I had the chance to listen to Pat Flynn’s SPI podcast session #234 where 17-year-old Eva Baker of TeensGotCents.com was the guest and I was totally blown away by this young lady. On the podcast, Eva shared how she started out her blog … Read More
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
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
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
10 FIRST TIME HOME BUYER TIPS THAT WILL SAVE YOU MONEY
Being a licensed Real Estate professional in the State of California for over 11 years now, and primarily working with first-time home buyers, I learned along the way that these tips actually save time and money when it comes time to close on the home of your dreams. MIND THE FICO Before deciding to take the big leap and investing in the house of your … Read More
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
OUR FIRST MONTH TO DEBT FREE
IT’S BEEN A MONTH SINCE WE STARTED OUR DEBT FREE JOURNEY We initially had a total of $124,695 of combined debts on February 24; we are now down to $122,306, a net reduction of $2,389 (personal loan numbers aren’t shown in mint snapshot since it’s from the bank of Mom). Here’s a snapshot of our Debt Snowball Month 1 This is … Read More
TIPS TO GET STARTED ON YOUR DEBT FREE JOURNEY
Since I got mad with my debt situation I started to imagine what it would be like to be without debt. What would it be like for my family, or any family, to enjoy financial independence, instead of throwing away hard earned money in paying the big banks and credit card companies? Part of that introspection led me to come up with five tips on how myself … Read More
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
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
DROWNING IN DEBT!!! WHERE TO START?
TIPPING POINT Okay, so first off, I hate to admit, but I’m drowning in debt, $124K plus worth, $111K plus of it in credit card, student, and car loans; and a $13K personal loan from my Mom 🙁 It was a sobering moment after I downloaded the CreditKarma app as it showed me just exactly how deep we were. The first reaction was RAGE, then despair set … Read More