If you want to experience financial independence or live the life of your dreams, you are going to have to avoid going into debt. Put simply, when you are in debt, you are working for someone else and, as a result, you can never reach your goal of financial independence... The key, then, is to avoid debt altogether and this post outlines ways to avoid debt so that you can make sure your money is working for you and not working against you.
Read More »Addiction to Credit Card Debt Remains Excessive Albeit Declining – Here are the Facts (+2K Views)
Households with credit card debt carry $16,000 at an average rate of 15% and, given that some households have little credit card debt, you can imagine how high the debt is for others.. Imagine, $16,000, but that is actually down by 17% as the grand American household deleveraging continues. [Be that as it may, credit card debt is still excessive with all ages and all income groups. Here are the facts.] Words: 760
Read More »Move Over Visa, Mastercard and PayPal! Here Comes a Better Alternative – Dwolla (+2K Views)
Imagine that you could pay for a service online without accruing a mountain of fees. Imagine being a retailer and having the ability to take your customer’s money – and keep all of it. Sounds impossible, doesn’t it? Well, now it’s not. Introducing Dwolla [- a better alternative to credit cards and Pay Pal for everyone involved, except the banks. Let me explain.] Words: 615
Read More »How Does the New Credit Card Act Affect the Cards in Your Wallet? (+2K Views)
The Credit Card Accountability, Responsibility and Disclosure (CARD) Act Of 2009, popularly known as the CARD act, will take effect on February 22nd 2010 and bring sweeping changes in the original credit card policies. What does it mean and how will it affect your credit card rating as well as the cards in your wallet? Words: 343
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