You know you set the example for your kids to follow. There is no secret. They will do as you do and not as you say. It really does not matter what you say, it only matters what kind of example you set. If you are in debt, your kids are likely to follow in [...]

On May 6, 1932, with stocks having plummeted 85 percent from their 1929 high, Dean G. Witter, founder of Dean Witter - a famous stock brokerage then and known today as Morgan Stanley, issued the following memo to its clients:
“There are only two premises which are tenable as to the future. Either we are going [...]

Did you know that Thomas Jefferson, widely considered a genius & the smartest of all U.S. Presidents, filed bankruptcy multiple times? It’s not surprising then that people file bankruptcy as a viable vehicle to get out of bad debts.
Filing for bankruptcy means that your debts - only those you filed for - are forgiven. It [...]

Got an excellent quote for you today that is so true not only when paying off credit cards but in case you need to pay off mortgage or loan. As a matter of fact, it can be applied to many other areas in life:
The two most powerful warriors are patience and time.
– Leo Tolstoy
As the [...]

Your business is your income. If you’re having trouble staying afloat in these troubled economic times and you are in the sales business, there is a way to help your business make it through the rough times.
The concept is called Credit Card Factoring: you take a loan to keep your business alive and in [...]

Balance transfers and introductory rates can make it very worthwhile to shop around and be choosy about the financial products you purchase. If you are carrying a balance on your credit card, you can get another card that has a low introductory interest rate and transfer the balance from your old credit card to the [...]

Most people will tell you to shop around for the best rate. Whether you are looking for a loan, a mortgage, a credit card or some other financial product, it’s wise to shop around. This is a good advice, for most part.
But how you do it matters, and it matters a lot.
If you [...]

It’s easy to blame the government, but in this case they are certainly not the innocent bystander. Take a look at the movie below and tell me what you think about it…

How did we get into this “mortgage” mess anyways?

The real question is how do we get out of it? How do we get rid of the monster mortgage, renegotiate with the bank and not declare the bankruptcy in the process?