Tag Archives: Debt

Credit Card Debt? Bah Humbug

October 29 7:40 pm ,

Yearning to See the Light

I read an article, a very interesting article about reducing your card debt.

The article said you should forget about it (pay the bare minimum on it), and focus your energies on earning more income.

Forget your credit card debt…?

Now, I am appalled and alarmed by that suggestion on a lot of levels.

Because that simplistic approach cannot possibly apply to (1) people who cannot handle their money, (2) people do not know how to grow their money, and (3) or who cannot (for the life of them) stop buying.

And they exist – an obscene number, in fact!

Besides, according to Carmen Wong Ulrich’s The Real Cost of Living: Making the Best Choices for You, Your Life, and Your Money, having a credit card debt has an emotional cost.

A huge emotional cost.

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The Working Woman’s Guide To Riches

January 26 1:08 am ,

Believe

Sometimes, a woman needs a guidepost, a road map to where she wants to be.  Most of the time, her goals involve wealth, or ways to wealth.  Here are some methods that are tried and tested.

1.  Make a financial assessment.

A woman should know how much she has before she can decide what to do with how much she has.  For many, this starts a series of wake-up calls, not to mention panic attacks.  But wake up calls are good, and panic attacks are good because they set off something in the brain that makes it go to preservation mode.

Here is where the expensive coffee and clothes and bags and eating out and traveling have to go.  Or at least cut by as much as seventy five percent.

Because to be wealthy is to carve out and use that seventy five percent for something that can bring in more income (read: investment).

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