Where Does Debt Begin? 3 Mindsets to Guard Against

where does debt begin

A Business Insider article ran several fascinating statistics on the topic of debt. One stat listed that 1 in 50 households that have more than $20,000 in credit card debt. That’s about 2 million US households that are in the red. Additionally, approx. 2 to 2.5 million Americans seek credit counselor help to avoid bankruptcy per year.

According to Annutto Law Office, the need for debt relief is non-discriminate. They state, “Anyone’s debt can get out of control and become impossible to manage, regardless of income bracket or lot in life. No one is immune to the possibility of getting in over his or her head.”

Where Does Debt Begin?

Most of us know that debt is bad and that we should not spend more than we make. But if this is common sense, why do so many Americans still find themselves in debt? What decisions or thought patterns do . . . → Read More: Where Does Debt Begin? 3 Mindsets to Guard Against

How to Save Big On Back To School Shopping

save big on back to school shopping

Summer is almost over (Seriously? It feels like it just started!), which means many children, and their parents are preparing for back to school. Did you know that in 2015, parents in the U.S. spent $25 billion dollars on back to school shopping? That’s an average of $630 per child. Holy crap!

This post has been written by Kimberly Studdard, our regular staff writer.

How to Save Big on Back to School Shopping

If you’re like most, I doubt that your bank account is loaded up with hundreds (or thousands if you have multiple children) of dollars, just waiting to dole out on your kids for this upcoming school year. So what can you do to save big on back to school shopping?

1) Inventory Check

Before you go shopping or even set a budget, you need to check and see what you already have. Keep a running checklist . . . → Read More: How to Save Big On Back To School Shopping

How to Buy a House In a Ridiculously Expensive Area

buy a house in an expensive area

“Seriously Derek… All your posts talk about people buying houses for $100k and $150k. What kind of fairy tale land is this? I live in California where the cheapest house known to man is $700k. How in the heck can I afford to buy a house?”

If you live in New York, Boston, Seattle, San Francisco, San Diego, or any other ridiculously expensive area, then this post is for you. Because today, I’m going to show you how it’s possible to purchase your very own house on almost any income.

Want to buy a house in an expensive area? Step right up and let’s get crakin’.

How to Buy a House in an Expensive Area

Let’s say that you have your heart set on buying a house (and you absolutely refuse to move to a lower-cost area), what all can you do to make it happen?

The Rules of Buying . . . → Read More: How to Buy a House In a Ridiculously Expensive Area

5 Ways to Find Extra Money So You Can Invest

Find extra money

Investing is one of the best ways that you can build a financially secure future for yourself, but it can be hard to invest the amount of money that you need. Between paying bills, buying groceries, and saving for the future, it can be hard to find extra money that you can invest.

5 Ways to Find Extra Money So You Can Invest

For most people, they tend to put off investing because they are scared or don’t think that they have the money to spend, but that could be one of the biggest financial mistakes that you ever make. You don’t need to have thousands of dollars set aside to invest your money.

Related: Ready to Invest? Earn a Free $50 With Wealthsimple

1) Budget, Budget, Budget

If you don’t know where your money is coming from or going to, you could be wasting thousands and thousands of dollars . . . → Read More: 5 Ways to Find Extra Money So You Can Invest

Sell My Site For $60,000???

sell my site

An unexpected event happened the other day… An agency reached out to me via email, saying they were interested in buying my site.

Their questions were simple.

How much does your site earn per month? What would you be willing to let it go for?

I didn’t think much of it. I’ve had these emails before and they usually turn into a $5,000 offer, which is just plain ridiculous.

Within a day or two, I casually responded that my site earns between $1,000 and $1,500 a month (anyone can see this by the way – just check out my income reports), but that I was still working to better monetize it (this has never really been a strong point of mine).

Since I absolutely love this site and consider it part of my long-term career plan, I set the bar high:

“For me to even consider selling, I’d . . . → Read More: Sell My Site For $60,000???

Is Bitcoin Trading Your Get Out of Jail Free Card?

If you are looking for a way to make easy money on the markets, consider your options carefully. There is a wonderful Afrikaans expression, ‘Goedkoop is duurkoop’. When translated it simply means anything that you buy cheaply ends up costing you a lot more in the long run. Fortunately, Bitcoin is anything but cheap. But before we get into the nuts and bolts of Bitcoin trading, it’s important to learn a little bit about the difference between fiat currency and cryptocurrency.

Is Bitcoin Trading Your Get Out of Jail Free Card?

Fiat currency has nothing to do with the automobile manufacturer – it is the term given to all currency regulated by governments and produced by central banks. Fiat currency includes the USD, GBP, EUR, JPY, ZAR, CHF, SEK etc. The world is full of fiat currency; it’s the paper money that you have in your wallet, the coins you . . . → Read More: Is Bitcoin Trading Your Get Out of Jail Free Card?

10 Cheap Recipes You Can Make in 15 Minutes or Less

cheap recipes you can make in 15 minutes or less

Want to cut your expenses so you can get out of debt? The top 3 most expensive budget items today are your house, your car, and FOOD. If you want to put a dent in your debt, tell your stomach to watch out! It’s time to make a change!

10 Cheap Recipes You Can Make in 15 Minutes or Less!

This post has been written by our talented staff writer, Kimberly Studdard.

Even if you love cooking, chances are life can get in the way sometimes. Many days, families, busy professionals, or college kids just don’t have the time to make a delicious 4-course meal. And to top it all off, food can get expensive! But it doesn’t have to be that way. Here are 10 cheap recipes you can make in 15 minutes or less.

#1. Simple Fried Rice

Fried rice is one of the ultimate cheap recipes . . . → Read More: 10 Cheap Recipes You Can Make in 15 Minutes or Less

Free Mortgage Payoff Calculator – How Fast Could You Pay Off YOUR Mortgage??

mortgage payoff calculator

You paid off your credit cards, student loans, your car. You saved up a solid emergency fund and now you’re investing 15% for your retirement. Holy crap, you’re rocking it!! And now it’s time to start paying off your house! Woot woot!!

FYI – If you’re not quite up to this step yet (ie. you still have consumer debt), be sure to use this debt snowball tool for help! And then come back to this post when you’re in a better position to slay your mortgage!

How Fast Could You Pay Off Your Mortgage?

Alright, so now you’ve got a 15-year, a 30-year, or maybe even a 50-year mortgage (hopefully not though!). What if you started throwing some extra money at it? How quickly could you pay it off? I bet you’d be surprised!

Related: Should You Pay Off Your Mortgage Early?

In January of 2015, I made the decision . . . → Read More: Free Mortgage Payoff Calculator – How Fast Could You Pay Off YOUR Mortgage??

5 Ways to Stay Stuck In Debt Forever

5 ways to stay stuck in debt forever

If you’re a regular visitor to LifeAndMyFinances.com (thanks and welcome back!), then you know that there’s plenty of practical, down-to-earth advice here on how to become — and stay — debt free.

However, sometimes in life, it’s more memorable (and also more entertaining) to look at things from the other end of the spectrum — i.e. what NOT to do.

For example, some diet and wellness experts highlight ways that people can add pounds and ruin their health as a kind of scare tactic. The same goes for law enforcement organizations when they want to get people to wear their seatbelt, stop drinking and driving, and so on. Stories and photos of smiling, safe drivers is kind of forgettable. Stories and photos of drivers laid out on a morgue slab is striking.

5 Ways to Stay Stuck in Debt Forever

Well, today I thought it would be illuminating to . . . → Read More: 5 Ways to Stay Stuck In Debt Forever

Michelle Made Almost $1 Million Blogging Last Year…So I Asked Her a Few Questions… ;)

 

Michelle Schroeder-Gardner has earned more money in just a few years than most people do in their lifetime. And that’s not even the most amazing part. She didn’t earn this pile of money by becoming a doctor or lawyer. She did it by blogging….!

I aspire to do the same – and many of my readers do as well – so why not ask one of the most amazing bloggers of all time a few questions about how she did it??

If you don’t have a blog yet, but are inspired to start – check out my page, “How to Start a WordPress Blog on iPage for Just $24“.

For those of you that already have a blog – read on, learn, and dream!

* * * * *

Michelle, last year you earned $979,321 with your blog MakingSenseofCents.com. Holy crap! But, before we get into that, I . . . → Read More: Michelle Made Almost $1 Million Blogging Last Year…So I Asked Her a Few Questions… 😉