This post is in response to an article by Reuters Mortgage Delinquencies May Have Peaked. Most of the information from the article came from Equifax; one of the big 3 credit bureaus.  The article attempts to paint a brighter picture of the economy. Finally, some good news for once! The best information you can take [...]

The most troubling problem with the “debt trap” is that it already has you before you’re aware of it. When I went to school I had a vague and misty concept of credit cards, student loans or any debt instrument for that matter; up to that point my parents had always taken care of these [...]

Financial wealth is simple logic. The more people you are indebted to, the poorer you are. Then the more people indebted to, the wealthier you are. That is “The Game”, plain and simple. Once you fully understand this concept, then you can finally became a player and stop being played.
Everyone is indebted to someone. The [...]

Lots and lots of hype! In fact, 3 news stations, MSNBC, CNN and Fox were talking about it this morning. In case you weren’t paying attention, the U.S. government is adamant about cleaning up the credit card industry, which is long over due. About a year ago, I wrote a post asking “Is Congress Serious?”. [...]

Executive Compensation, according to Warren Buffet, has a direct link to our current financial crisis. Bonus structures and incentives encourage CEOs to take on debt and make as much money as they can in the shortest possible time. According to a 2007 United for a Fair Economy poll, CEOs made 344 times more than the [...]

“No more fine print, no more confusing terms and conditions. We want clarity and transparency from here on out” – Barack Obama
Last Thursday Barack Obama met up with major credit card lenders with the goal of helping consumers. There is no question this industry needs a serious overhaul. There are still people getting credit cards [...]

Is anyone else tired of the “New Age”, be happy, just forgive and forget philosophy? Maybe it’s just me but the thought of being relaxed and calm all the time is not going to help me write blog posts or articles. Certainly, it won’t put you in a wealth creation mindset. Why is it that [...]

“Wealth is the ability to fully experience life” – Oscar Wilde
It’s a funny thing, wealth. The more you think about it, the more expansive you see it is. The truth is, there is no amount of money that will make you wealthy. Once you hit a specific dollar amount you will celebrate, but only for [...]

In most states you typically have 60 days from the billing statement date to dispute any charges. It still amazes me how many people wait until the account has reached collections to dispute charges or ask for validation. However, it’s still a very good way to stall if you need time. Below are the steps [...]

Honestly, the number of times I have told people to read their Card Holder Agreements has to be in the thousands. I’ll admit, I’ve never quite looked at mine until two days ago and that was just out of pure boredom. At first glance you can’t help but ask yourself, what kind of font are [...]

Would you feel secure if you had 1 million dollars? 10 million dollars? That’s a dumb question, of course you would. Would you continue to work at your current job? Start your own business? Invest it all? Sure, you could sit on it and do nothing, but eventually your money would run out. At what [...]

Is it fear or the pain of losing money that keeps people from making money? Perhaps, the fear and pain are one and the same in this matter. Understandably, no one on earth likes to lose money but yet some seem to handle it better than others. How is it that one person can stare [...]

How often do you tell yourself that you “Can’t afford this” or “I do not have that kind of money”? Unfortunately, often statements like these become a self-fulfilling prophecy. What you’re saying may be the honest truth but it may also be what is keeping you from obtaining money in the first place.  The more [...]

Yep, money is the root of all evil. People will steal, lie, cheat, beat, kill, degrade, and even prostitute themselves to get it. Money will ruin families and relationships faster than Obama could smoke a cigarette. Why is it that a digit on a computer screen or piece of paper holds so much power over [...]

This post is a few days late, but after watching Obama’s speech in Congress on Tuesday, I felt torn. One side of me says that something has to be done. The other side asks, “At what cost?” A trillion dollars is a whole hell of a lot of money to keep track of and trust [...]

Growing up, I was a complete jock. School work and books were never exciting to me. I remember like it was yesterday, taking the SAT(Scholastic Assessment Test) and almost falling asleep during the reading section. Even in college it was video games, drinking and playing baseball; school and books were always secondary. Long story short, [...]

You would think a list like this would be easy to make but trying to rank these financial habits in order of importance was a lot harder than I thought.  Any of these habits will put you in the “House of Pain” (Thank you, Jim Cramer). You will find that some of these habits are [...]

What do you think keeps people going to work, day after day, even when they hate their jobs? For those lucky people in the world that actually like what they do for 8 hours a day, God bless you. However, the vast majority of people go to work strictly out of fear of becoming poor. [...]

You knew this was coming and the time is now.  Let’s be clear, we are not bailing out the entire auto industry, instead we need to bailout the Big 3. General Motors (GM), Chrysler and Ford have been mere shells of their former selves for quite some time. Now, it looks like they may become [...]

In case you were unconscious on Tuesday, Barack Obama won the election for United States president. The common opinion is that he won because of his heavy mandate for “Change”. Not  surprisingly , with a Democratic majority and president there has been a lot of speculation about a second stimulus package. Here is an article [...]