GOOD VERSUS BIG BAD AND UGLY DEBT!

Last week I wrote about debt. Majority of people during their journey to wealth will use and manage debt. But some debt is simply BIG BAD and UGLY. Too many Americans are deeply in debt, and taking no steps to come out. MY INTRODUCTION TO CREDIT CARD DEBT After college, the easiest credit card to obtain was Sears. I needed to build my credit, so I applied and ...

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The Three Little Pigs Are BROKE!

As a child, I loved the story of the three little pigs.  But just imagine if the Three Little Pigs had a debt problem.  To be fair, sometimes we have no choice but to acquire debt: medical emergencies, loss of a job, school loans, etc.  But we must avoid choosing debt to fulfill “wants”.  If there is no emergency, and you simply have a “want”- pause for a few days ...

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It’s Ok To Be Stupid – Just Not Consistently!

How many truly stupid people do you know who are rich? The objective today is to avoid being consistently stupid. Stupid happens every day and it happens to the best of us. But you can learn from others and from me to avoid making stupid investments. You are on your own in other matters. My definition of stupid: - Making decisions that appear to lack common sense. I cannot count the ...

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