I figure that it is time for me to do something about my credit card problems, although they are not incredibly serious they are of the order of magnitude where there is the potential for real problem. For instance so long as I have my job and a steady pay check rolling in and nothing really bad happens to me, then it is not an issue. However you can not plan for that sort of thing and the best thing is to plan things so that you are ready for what happens. A credit card debt consolidation seems relatively simple, I already did it once. [click to continue…]
I was at my church counseling people that were coming into the church’s food pantry. I am not a counselor but I have been trained at the local community college to talk to those people that are having a hard time or those that are down on their luck. I am helping those people that have families and can not make ends meet. I have even heard of families taking out a cash advance payday loan where they will go to a loan window in the city and bring their last three check stubs with their driver’s license and bank account information. [click to continue…]
Of course it started out as a little hobby in the basement. Me and my two sons were just buying and selling things on the internet, trying to make a bit of a profit on whatever we could. At this point we have decided to try to a wee bit more, although it is not as though we are totally sticking our necks. We got a very small business loan from this banker who goes to the Anglican church down the street. For him it was hardly a pittance, because generally he is working for much larger clients. He is however a huge Arsenal fan and we have done some business with him. [click to continue…]
There are a lot of things a person should plan for. People don’t like to think about the bad that can happen. There is the myth that thinking about bad things will draw them to you and make them happen and just a dislike of thinking about bad things in general. It is important to plan ahead however for yourself and for you loved ones. There is a popular return of premium life insurance now because people are realizing the need to continue to look out for their families even after they are gone. Lie insurance will certainly help with any money needs that will come up after your death but there are more things to consider as well.
If you live alone, and only have grown children to think of, then you may not keep your home very tidy. It’s no problem to you if your back rooms are cluttered and even a little dirty, but once you are gone and your family needs to come in to clean things out it can be. Think about how it will be for them. Also do you really want them going through all of that stuff? Imagine if you actually had to watch them. [click to continue…]
My brother works at a steel mill and he has for a very long time. He is a manager there and he only gets paid once a month. This day happens to be the second friday of each month which often times falls after his electric due date of the 9th. Just about every month he finds himself in need of some money a few days before his check comes. He usually borrows money from me but this time I didn’t have it so I told him he should go get a payday loan. He took this under advisement and came back to me the next day and simply said how to me. At first I did not know what he was referring to but then it hit me. He wanted to know how he should go about getting a payday loan. [click to continue…]
I never really paid attention to my finances. It was always an after thought in my head and it really shows by how I live. I only live day by day and hope for the best. But finally, I decided I need to take a more serious approach to my future. I needed to start fixing my finances and invest into the future. I decided to take some steps to make sure to change that.
I decided to get some cheap auto insurance so that way I can put all the money I saved into a savings account and let that money grow. No more mindlessly wasting my money on things I don’t need. The insurance I had was too high and it wasn’t doing me no good since the last time I was in a car accident they did nothing for me.
The next thing I did was try to make sure that I never spend more than what I make. That was more harder than I thought since I would always spend what I make and then some by using credit cards to buy other useless stuff I did not need. I decided to get a more stronger back bone and learn to not be such a frivolous spender.
The next thing I did was try to stop using credit cards to pay for my stuff. While they are convenient, I owe too much on them. The other thing I made sure is to pay off more than the minimum payment of the cards since that would finish the amount I owe to them faster and then get out of debt with them.
That so far is my short term goal to fix my finances. I just have to pull through and get my stuff together. Soon I will then change my goals to long term and start to think in how to invest. Until then, let me fix the mess I made myself.
Right now, the markets are very unstable, and are shifting around. It is very important to invest like a vulture, swoop down on your prey and pick it clean.
Don’t be a dirty buzzard, invest like one. A vulture is a survivor. They do what ever it takes to survive. Now is the time to invest like one.
I just have a small business. However, it is our main source of income. We are not wealthy, but we manage to keep our home, take care of two teenagers and we pay our bills. All if it is from the income from our family business. Before I got so busy working the actual accounts that we have for the work we do, I would stay up late each night doing the books. I made sure everyone was paid, and that all of the legal and official stuff was done. Then I hired accountants in maroochydore to take over that part of my business.
I am just no good at paperwork. I am really good at the work I do to earn money.
My mother does not make a whole lot of money, so I want to help her out a bit by paying for her car insurance, and maybe a couple of her other bills as well, but I am not so sure about the other bills. She was fairly reluctant to let me pay for her car insurance, but she eventually relented and said that I could. As such, I am now going to look for cheap auto insurance rates for seniors.
Even though I am more than happy to pay for this bill for my mother, it does not mean that I want to get ripped off.
In the lunchroom at work I have been hearing a lot of worry about retirement accounts. Not that long ago there was big talk about how people lost so much money in the company funded retirement account. I have a little going into it, so it was not that big of a deal when it lost money. However, some other employees were not only taking what the company automatically put in, they added to it considerably. I did not pay more into it. I got interested in how does an ira work before I had this job.
People really do not know much about investing or retirement accounts. They hear number and letter combinations such as 401k and think how it must be good because everyone else is doing it. They have no idea how the money in those accounts is being invested, and they never read any of the detailed information in the packets everyone gets when they get into such a retirement account. Instead, they just let it ride like a bet at a casino.
I have always been a lot more proactive with my money. I wanted to be in charge of the risk and everything when it comes to where my money was going. I let the company put their portion of money in the retirement account that they set up for employees. There was nothing I could do about that. You could either add more to it or not. I chose not to because I had bigger plans for what I was going to do with my money.
Well, when everyone was in a panic and almost rioting over the drastic loss of their retirement accounts controlled by the company, I was not worried about it. All I lost was a big chunk of money I had no control over anyway. My other investments leaped ahead making up for the losses. My coworkers were not so fortunate. Some of them will now have to work several more years to make up for the losses.