January 2012
9 posts
30 tags
"With Two Remotes!!"
This is a much longer post than usual, but today I want to challenge those who feel that they have 200+ channels with nothing ever on, to stand up, take charge and…
Cancel that Cable TV!
You can get almost all the programming you want without having to pay a dime if you put into practice the patience (which I’ve spoke of before in terms of not being a day one impulse shopper) and the do it...
14 tags
Student Loan Interest Deduction
Did you know that if you’ve been paying on your student loans that you’ve most likely been paying a certain amount of interest on those loans for the whole year? Of Course, because as we all know, a portion of your monthly payment goes towards your interest and a portion goes to your principle. Whatever the ratio, your student loan lender has kept track of that total amount of interest you’ve...
10 tags
The Wizard of OZ
We’ve all heard it numerous times that it’s extremely important to know your credit score. And knowing where you stand is a good thing especially when your about to purchase a house or a car, but the one thing I was never able to understand is why someone who is in debt looking to know their score would have to pay anywhere from $15 to $50 each time they checked, just to be informed of their...
11 tags
FV=Future Value.
So I wanted to start this week by introducing (and I really mean introduce for now) you to Future Value. What is Future Value?
Investopedia Lists the definition of Future Value as such:
“The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today.”
It is a mathematical formula that can show you how a certain original...
14 tags
Thinking In Terms of Years
The one thing I find interesting about being in debt is that many of us spend a lot of time thinking in terms of months when it comes to expenses and how much we can afford a month for our bills and entertainment. It’s just conditioning from years and years of billing cycles, but really we should be more focused in terms of our costs over longer terms, because the company you’re paying monthly...
18 tags
Missing the Boat
When I was in my high school years I had a friend who sat me in his car and explained to me step by step as to why his new purchase of a mini-disc player was going to the next biggest thing. I think he mentioned that he had paid somewhere in the area of $300-400 for the player. It was “worth every penny” and he was going to make sure I agreed with him by the end of his presentation.
I’m very...
16 tags
Pay The Minimum
The best thing you can do for yourself if you’re serious about paying off debt is to first sit down and take a hard look at what you owe per month versus your income. Being able to fully see everything that enters and exits your finances each month is important. Write this list big on a piece of paper in the order from highest to lowest interest rate. In my example below the list looks something...
17 tags
Day One Exclusivity…
What is impulse?
Im•pulse
a sudden strong and unreflective urge or desire to act.
Sounds simple enough. The words ‘strong’ and ‘unreflective’ say a lot about its definition. Strong in this context is most likely best defined as “powerfully affecting the mind”. Unreflective is defined as essentially “without thought” in this same context. So another way you could read the definition of the word...
15 tags
Opening Statements
Well over $70,000…
This is what I owe the banks, financial institutions and corporations I borrowed from. This is money I openly borrowed, based on terms created by my lenders. This is money that won’t just go away. There is a lot to be said in regards to the current financial situation and how the actions of many have put our economy in the position we currently sit. However my...
