Tag Archive: Debt Snowball

How Have I Increased My Net Worth 50% This Year

Someone commented on my most recent Net Worth that really got me thinking about how I have continued to increase my net worth this year.  First a disclaimers: I am no where near a high net worth individual.  Despite being the same percentage (50%) it should be pretty obvious that getting from $1,000 to $1,500…

The Very First Step When Eliminating Debt

Getting Rid of Credit Card Debt

This past weekend, I was involved in two separate conversations regarding debt repayment.  Interestingly both conversations concerned married couples that despite varied lengths of marriage had failed the first step when it came to destroying debt.   The very first step in getting rid of debt is actually knowing exactly how much you owe to creditors….

Repost of my First Post – Almost Two Year Anniversary at My Journey to Millions

August 5th, 2010 will be 2 years for My Journey to Millions!  To put that in perspective: High School was 4 years College was 4 Years Law School was 3 years I have been Married 2 years and 2 months For the next couple days I am going to re-post some REALLY old posts.  Today…

Don’t Blame Others for Your Debt Get up and Do Something About It!

When is ignoring debt a good idea? Never.  What about blaming others for a debt? Never.   A buddy of mine called me today under the guise that he had a legal question.  So being the good friend that I am, I said shoot. Turns out he went to a lender for promises of a personal loan which would consolidate…

The Horror of Just Paying Monthly Minimum Payment to Credit Cards

HorrorofPayingMinimumPayments_thumb.png

I think a lot of the people’s consumer debt stems from charging a large ticket item into “manageable” monthly minimum payments.  However, the problem that often arises is that a person only pays back the minimum. If we take a credit card bill of $5,000 with an interest rate of 15% and the minimum payments at…

Sometimes You HAVE to Ignore the Right thing to do! I Cancelled my Bank of America Credit Card Today

Bank-of-America

I almost never lose my temper with customer service reps, and it usually gets me what I want or at the very least closer to my goal.  Whether we are talking about the cable company, cell phone companies, and most financial/credit card companies – I usually get what I want. Before I get the comments…