Life-changing online coaching, discover who you truly are and find your life’s purpose.
Clickbank Finance Products
America And Responsible Spending-Financial Crisis Of Epic Proportions
The United States is headed for a financial crisis of epic proportions. If the words America and responsible spending doesn’t send you into fits of laughter or bouts of despair, I just don’t know what would.
The United States currently owes more than sixteen trillion dollars. That is the number 16 followed by twelve zeroes. Twelve!
I just do not think you can say the words ‘America and responsible spending’ in the same sentence without including the phrase, “yeah, right!”
So what does the average American learn form all of this from our own government? Not much good, let me tell you.
Now, the average American does not owe that much to his creditors compared to the national debt but whoever decided to tell Americans that the American dream was to be in debt up to their behinds was completely misinformed.
What happens to John Q. Public when he gets behind on his bills and can’t find a way to pay them? Someone comes and takes something away from him. His car gets repossessed or his house goes into foreclosure.
Maybe, if he still has some income coming in and hasn’t lost his job yet he can work hard at getting his outstanding debt in order by learning to do it himself or calling a credit counseling service to teach him how to manage his money better.
If none of this works or the debt is just too big then there is also the last resort of Chapter 7 bankruptcy.
The best thing about a credit counseling service is the fact that they will get all of the collection phone calls stopped and will try to negotiate a settlement with the lenders and other creditors.
This can relieve some of the stress of the whole situation so you can have the opportunity to just stop and think about it all clearly for a change. You may even be able to come up with a solution of your own if that happened.
The bad thing about a credit counseling service is the fact that their services do not come free. You have to pay them for helping you out of a bad situation. This may be a difficult thing to do when there is not enough money to go around to begin with.
Anyone can get themselves out of debt if they really put their minds to it. The first thing to do is to free up as much money as you can. I don’t care if it is only five or ten dollars a month.
Pick a bill and send them that extra cash with your regular payment. Then when that bill gets paid off use all of that money to pay off the next one on the list and so on and so on until you are debt free.
America and responsible spending may be out of reach for the government and the country a sa whole but if you set your mind and budget to it, it isn’t for you. Fix your American dream by becoming debt free.
OHSU Pension and Retirement Planning Guide
[jwplayer file=”http://www.youtube.com/watch?v=9PFKNy7xfbM”]
In this video SEC-registered investment manager Bill Parish examines the OHSU retirement system, sharing his views on how to best navigate the important deci…
Video Rating: 0 / 5
Indie Film Finance Guide
How to raise movie money to finance your independent movie.
Clickbank Finance Products
Beginner
Does your idea of investing involve an old coffee can with a slit in the top or a cute little pink piggy bank that oinks when you insert a quarter? That was okay when you were eight years old, but now that you have an eight-year-old, it might be time to start thinking about what to do with your money to help secure a future for yourself in your old age and your children as they mature.
First of all, that piggy bank is a way of saving money, not investing money. Saving money means you let it accumulate by your own hand; in other words, you make it and you put some away. There is definitely nothing wrong with that. Too many of us dont have enough savings to do much with, but if you want to really make your money grow, you need to invest it that is, put your money in places where it will grow even without your having to break your back to add more to it. That is the difference between saving and investing money in savings accumulates while money invested goes to work for you and makes more money for you.
The Stock Market
When you invest in the stock market, you are actually buying a small piece, or share, of one or more companies. A share of stock, even a single share (if your company sells shares in such a low quantity) makes you partial owner of the company. Therefore, you become invested in the performance of that company. If a store shows a profit at the end of the year, that stores owner has more money, right? Same thing with the stock market. If your company shows growth (makes money), you make money because you are part owner of that company. Of course, most shareholders dont get involved in the daily operation of the company in which they purchase stock; you simply try to buy the stock while it is relatively low-priced and sell it at a higher price.
When you add numerous shares of stock into this equation, the potential to make a bigger profit increases exponentially. The more you have to invest, the more you can make with the same amount of effort. That is not to say you must have millions of dollars to be able to invest in the stock market, of course.
Most investors, unless they come from a background of wealth and have grown up observing the ins and outs of investing, necessarily have to start small. And surely there will be mistakes along the way, but unless you want to endure long hours of toil to get money, you must start an investment portfolio.
It pays to do your research on a company before making a purchase of their stock; the more you know about what a corporation actually does, the more you can feel confident in your decision to buy into it. In addition to your own research, it is also wise to get a stockbroker in whom you have confidence. Stockbrokers are experienced in reading the trends and dealing with the daily fluctuations of the market, so they can be a valuable tool to both novices and professionals alike.