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Become Debt Free And Start Saving And Investing |
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Written by Lawrence
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Thursday, 07 January 2010 11:39 |
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Clear all of your debt, start saving and start investing
What are the benefits of sorting out your financial future and debt?
- You will have less worries and stress
- When you clear your debt you will stop paying huge interest rates on debt
- You will be in a position to start saving money that you would have paid on your debt repayments
- Financially you will be able to invest money
Take it from me, because I was deep in debt and I had to live from paycheck to paycheck. Basically from hand to mouth and above my means.
So I came to place where I had to address my financial situation and fix it.
Yo might be in the same boat and
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Last Updated on Thursday, 07 January 2010 12:26 |
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Debt Free Steps - The Price To Pay If You Serious To Become Debt Free |
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Written by Lawrence
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Sunday, 13 December 2009 07:18 |
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At one point in my life I had 4 credit cards, 4 bank loans, 3 clothing accounts, 1 furniture accounts, 2 mobile phone accounts and other family loan.
My past financial situation looks bad to me when I look at it now.
I've managed to clear all my bank loans, 1 mobile phone, furniture account, 2 clothing accounts, family loan and 1 credit card. So I basically have credit card debt and 1 clothing account. It will take me 3 to 4 months to clear all of my outstanding debt.
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* The Price To Pay If You Serious To Become Debt Free
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Your current financial situation might look worse than mine, but if I can clear my debt then you can do it also. It is just a simple matter of applying yourself and sticking to your plan of getting financial freedom.
Steps to do to help you become 100% debt free:
- Admit that you have a problem
- Set yourself goals and write it down
- Stop binge spending (feel good spending)
- Live within your means (not above your means)
- Stop wanting to be on the same level like the Jones's (Be content with what you have)
- Stop buying stuff on credit
- Cut up your credit cards
- Stop making loans
- Get another revenue stream (additional income)
- ...
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Last Updated on Sunday, 13 December 2009 10:44 |
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Ways To Change Your Behavior About Accomplishments In Life |
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Written by Lawrence
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Sunday, 13 December 2009 07:09 |
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It becomes so sad when you hear people boast about everything they accumulated over the years.
Of course, they will let you know that they worked hard for what they have and yet, feel so unappreciated towards their own accomplishments.
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* What do you achieve by striving to have every material possession that money can buy?
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Money is something so valuable and many of us take it for granted. When we have our jobs we just think of what we can buy and not thinking in terms of the future.
I have been there and it opened up my eyes to where all my spending goes and decided to draw up a plan on how to manage my finances more effectively. If you have experienced any setbacks and disappointments do not hesitate by consulting a financial counselor.
One way of letting your child in on the family’s finances is to let them work for certain things they want or to let them start saving money for any future purchases.
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Last Updated on Sunday, 13 December 2009 10:41 |
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Page 1 of 3 |
How To Manage Your Debt
Pros and cons having credit card
For me personally pay as you go is the best way. ...
