Tag: debt
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Chapter 35: More Money More Problems?
Ice Soup? Why is it that 55-63% of Americans are living paycheck to paycheck? It doesn’t seem that the problem is income, since about 40% of earners above $100k are living paycheck to paycheck. What causes these issues? Anyone earning less than $50K a year would be blessed to have an extra $50k. Lifestyle Inflation…
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Chapter 34: Financing
When does it make sense to finance? Have you ever been in a situation where you have the capital available to pay something off, but you’re not sure if you should? Maybe it could be a small car note or a personal loan. When does it make sense to finance: The typical rule for me…
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Chapter 33: Building Credit
Square One New year and new beginnings, building good credit gives you opportunities and expansions into things you wouldn’t be able to do yourself. Using credit properly is a tool. The best example I like to give is fire. You use fire properly and you have warmth and comfort. Use it wrong and you can…
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Chapter 32: Credit Scores
Big Banks Control My Scores? Having a good credit score is a successful way of proving that you can pay back your debts. It rewards good borrowers by giving them a discount on interest, access to premium credit cards, and larger lines of credit. Many people seem to disagree with this system and calling it…
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Chapter 31: Debt Consolidation
What is Debt Consolidation? Sometimes, depending on your situation miscellaneous amounts of debt rack up through various sources. Too much and it can get pretty overwhelming. Don’t get me wrong, having multiple sources of credit is a good thing. This proves to your credit bureaus that you’re a reliable borrower. That’s if you make at…
Money Ain't Sh*t 