Tag: debt

Breaking Free: The Illusion of Success in a Debt-Based Lifestyle

September 21, 2017

With the rise of consumer culture, living a debt-based lifestyle has become a norm. We are constantly bombarded with the message that success is measured in terms of material possessions. But the truth is, this is all just an illusion. The debt-based lifestyle only leads to stress, anxiety, and ultimately, financial ruin. It’s time to break free from this vicious cycle and start living a life that is fulfilling, both financially and spiritually.

The Truth About Debt: Why All Debt Carries Risk

December 7, 2015

Debt can be a daunting subject for many people. While it can be a useful tool for achieving financial goals, it can also be a slippery slope, leading to financial ruin if not managed correctly. With so many different types of debt available, it can be difficult to understand the risks involved and how to manage them.

Crushing Debt: Expert Tips for Accelerating Student Loan Repayment

October 14, 2015

Debt is something that many people, especially young adults, struggle with. One of the most common types of debt is student loans. With tuition costs rising steadily each year, more and more students are graduating with high amounts of student loan debt. The burden of these loans can be overwhelming, and it can feel like there is no way out. However, with some expert tips and strategies, you can accelerate your student loan repayment and get out of debt faster than you thought possible.

Breaking the Cycle: How to Avoid Rationalizing Your Way into Debt

February 7, 2015

Debt is a common problem that many people face. It can be difficult to avoid falling into debt, especially when you rationalize your spending habits. Rationalization is a common defense mechanism that we all use to justify our actions, even when they’re not in our best interest. This can be especially dangerous when it comes to spending money. It’s important to break the cycle of rationalizing your way into debt and take control of your financial situation.

Here is a list of the ways you can rapidly destroy your financial well-being, and so should be avoided!

No. 1. Not paying for insurance. Make sure that you have your basic insurances covered, including medical, life, auto and home. Not covering can open you up to loosing your home, car, etc, so don’t take the chance.

No. 2. Buying too much car. This was my major lesson in finances Continue Reading

Why Are You Not Rich?

April 24, 2014

Are you financially free or even rich? If not, what’s stopping you?

Well, perhaps the main reason is that you may be living like you are rich already, and so hopefully, reading this blog will improve your financial savvy. The following is a list of major traps that can confine you to many years as a financial slave in the rat race, so avoid or escape these as soon as you can: Continue Reading

Living Paycheck to Paycheck

March 1, 2014

I just read a post from an expert financial blogger, G.E. Miller of 20somethingfinance. He discusses the recent results from a nationwide based study where the FINRA Investor Education Foundation states that only 41 % of americans who responded to this report are spending less than they earn! (seriously?). Just over a third (36%) spend their income, and 19% are spending more than their income! Continue Reading

Minted

February 8, 2014

I have been using mint.com for just over a year and have found it a very useful way to track my finances.It allows you to easily keep track of any accounts such as credit cards, bank balances and loans. This is in addition to including investments and property. Tracking your spending habits from short to long term can be completed with just a click of a mouse Continue Reading