Showing posts with label debt relief. Show all posts
Showing posts with label debt relief. Show all posts

Tuesday, May 19, 2009

Money can't buy happiness - BUT...

Money can't buy happiness but LACK of money can bring you sadness (if you can't provide for your family ) and can certainly cause stress in your life (if you can't pay your mortgage or your car payment, etc.). I think we can ALL agree that it is better to have money than not to have it.
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The best way to have money is not to spend all the money you get. Another way to increase what you have is to decrease what you owe. Cut up your credit cards and only pay cash for what you buy. Learn to distinguish between "wants" and "needs." Only borrow money for things you "need." If you don't have enough money to buy groceries, you don't have enough money to buy a lottery ticket (you might as well flush that money down the toilet). Make a budget and stick to it. All this is easier said than done. But you need to do it.
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It's not about having money - it's more about avoiding NOT having it.


Friday, February 13, 2009

Suze Orman Says:


1. Get out of debt
2. Pay bills on time
3. Don't miss a payment
4. Don't go over credit limit
5. Have health and life insurance (term insurance)
6. Don't take money out of your retirement fund to pay your mortgage. If you can't pay your mortgage, let your house go and find an affordable apartment
7. Don't ever cosign a loan (especially for your children)
8. Don't lend money to friends or family (if you want to "give" it to them, okay. But no "loans".)

Really? This is new? Is there anything here we haven't heard before?

When asked if anybody has ever put their FICO score up on Match.com, her response was, "They should. FICO first, then sex. Because you want to practice safe money." (Now that's seriously funny.)

According to Suze, we're in for a long haul. She says not to expect a turn around until 2015.

What I want to know is, how does she know? Did she ask Miss Cleo? Has she got a crystal ball? or did she just say that because she was asked?