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•Stupid Ideas Are Bad For Your Financial Life
by David Wilding ˙Stupid ideas come in all sorts of packages. Bad debt, various loans, purchase decisions, anddelayed savings. Most people reach the age of 65 with little or no savings. They live off socialsecurity and what little else they have. It is no wonder the golden arches are filled with workers in their golden years. Anything that wastes your money and prevents you from becoming debt free can be a stupid idea.The only way to save and invest money is to not send it to creditors each...
•Don t Let The Good Times Bury You
by David Wilding˙It is vital to get rid of debt while things are going well. Just the opposite is usually thecase. Human nature is such that when wefind ourselves living in good times, we letdown our defenses. We make our worstdecisions when our lives seem to be goinggreat.It is not hard to understand why thishappens. We believe things will always bebetter in the future. When I’m done withschool. When I get a better paying job. I’msure I will get that promotion.With this type of attitude...
•Don t Wait For The Perfect Situation To Pay Down Your Debt
by: David Wilding
˙The number one reason people don’t get out of debt is they don’t try. This may apply to you. You want to, but never seem to do it. You put it off for whatever reason.
You want to wait for your life to be just right before you make the attempt. You tell yourself, when I get the new job, when I receive the next promotion, or when I get my next raise, I’ll go to work on my debt.
(c) 2004 David Wilding
Perhaps you are waiting for some artificially set date. You tell...
•Purchase Your Future Now While It Is Still Inexpensive
by: David Wilding
˙Leaving school, getting a new job, or even a raise at your current one, has most people considering their next great purchase. Few think about the affect this could have on their future. Rather than pay down the debt they carry, many ponder, “What can I buy now”? The greatest purchase anyone can make is their future.
Each year as you live your life, the proper choices would have you possessing a greater net worth at the end of the year than you had at the...
•Credit Counseling Questions
by David Wilding˙ When you find yourself thinking about using a credit counseling service, you need to be verycareful. You need someone who will help you, not just some pushy sales associate who wantsonly to sign you up for their service. The debt industry has grown dramatically as the American consumer has taken on an increasing loadof debt. This increased competition for the debt dollar has attracted some charlatans to the industry.You need to be very careful you know with whom you are...
•What Will You Take For A Dollar
? by David Wilding ˙ The other day I sat in a meeting listening to a young man extol the virtues of owning real estate. Much of what he said was true. However 2 things made me sit up and take notice and I couldn't help but comment. First, he said the interest on his home loan was tax deductible, so the government was underwriting his house payment. I asked how much thegovernment was giving him. He said they were not giving him anything but allowed the interest on his home loan to be deducted...
•Any time Is A Good Time To Make Financial Resolutions
by David WildingThe New Year often brings with it a desire to right the wrongs in yourlife. From this desire springs the tradition of New Year resolutions.You should take advantage of this to change your financial situation.There is a good chance by the time many of you read this, you willhave already made and BROKEN your financial resolutions. Those of youwho have not already done so, know they are hard to keep. You canchange that. You can make financial resolutions any time of the...
•Total Cost of Credit vs Monthly Payment
by: David Wilding
˙I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages. A company was announcing the availability of 40 year mortgages for its customers. The stated purpose was to lower the monthly payments to make buying a home more affordable.
Whenever I hear the phrase “more affordable”, I put my hand on my wallet because the attempt to empty it will begin any moment. Almost never is...
•Haggling Give Yourself A Raise
by David WildingHaggling was a way of life for Mr. B. I knew Mr. B because his son was one of my friends. Hishaggling greatly embarrassed my friend, but it didn't bother Mr. B. He was saving money.Mr. B was a wonder. His distaste for paying retail was so ingrained he would bargain at the localfast food restaurant. Not attached to this man by blood, I felt no embarrassment, so I wouldwatch with interest as he worked his magic with a retail price.If you were there this is what Mr. B would...
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