How to Solve Your Money Worries
Welcome to the October 19, 2007 edition of how to solve money worries.
Tim Ramsey presents 5 Ways to Try and Reduce Your Debts and Outgoings posted at My Debt Relief Blog, saying, “Anyone that has a high level of debt or a number of creditors to pay off each month will know how stressful and difficult financial management can be. However, for those crippling themselves with monthly outgoing as a result of high debt levels there are some steps that could help to reduce the amount that you have to pay out each month, as well as reducing overall interest paid on your debts.”
Eric Stanley presents Three Rules for Financial Freedom posted at Personal Finance Blog Articles, saying, “In a world of debts and overspendings, there are three simple and common sense rules that anybody can and should follow in order to cope with money. For applying them, you will only need a pencil, a piece of paper and 5 to 10 minutes every month.”
FIRE Getters presents Tips To Save On Dining or Eating Out! posted at FIRE Finance.
Thomas Humes presents To Be A Millionaire posted at Wealth Building World, saying, “Most everyone will make a million dollars within their lifetime. For those making $50,000 a year it will take 20 years. For others it can take 2 years. So what does it take to be a millionaire? Becoming a millionaire is often times an added result of reaching a goal that was not based on a money.”
Larry Russell presents Avoiding financial advisor and investment counselor frauds and scams - Overview posted at The SKilled Investor
Jason Elder presents Filing Bankruptcy - An Overview Of Steps To Follow posted at A Bankruptcy Lawyer’s Blog, saying, “When it comes to filing bankruptcy, there are certain steps that you need to follow. Let me give you a brief insight into the same.”
Aaron Wakling presents When Will The Credit Card Bubble Burst? posted at The Credit & Credit Card Blog, saying, “In case you didn’t know, there is another bubble, growing massively in this country, getting ready to burst. Revolving consumer credit card debt continues to grow each month, finally breaking the $900 Billion dollar mark for the first time last June. The Federal Reserve reports that this year, Americans have piled on $39 Billion in new credit card debt! We refer to the looming crisis as the credit card tsunami. You better batten down the hatches!”
Eric Hudin presents Life Insurance and Estate Plans - Protecting Your Assets from Estate Taxes posted at My Estate Planning Career Blog, saying, “Estates and estate plans have a mystique all of their own to the average observer. It is certainly a complex world of tax rules and regulations where inherited assets are taxed upon death. How might this affect you and the estate assets you now possess?”
Save Money presents The DOLP Snowball method to pay off Credit Cards posted at How I Save Money.net.
Chris Kakaras presents Is a Penny Saved Really a Penny Earned? posted at ChrisKakaras.com.
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5 opinions for How to Solve Your Money Worries
Amie
Oct 19, 2007 at 7:58 am
Thanks for the links. When my husband died I was left with a large stock portfolio that I was just not interested in nor capable of managing. So my lawyers told me to interview financial advisors. With the help of some friends in the business I set up 5 interviews.
My husband’s good friend who is a savy investor sat with me at each of the interviews. I interviewed big firms, smaller firms, and a financial planner. My reaction to each was different than our friend’s. What I found is that each talked down to me, like I was a stupid woman who was inheriting this and I needed their help to understand what to do. Well, it was my pleasure when I got to tell them that I have an MBA in Finance but not the interest or time to follow the market regularly.
In essence, I hated them all. It wasn’t just their condescending attitude but also each one made a comment about their kids and being a dad. Here I am a widow who lost her young husband suddenly and they are talking to me about being a dad????? Dopes, each and every one of them. They didn’t understand my needs, it was all about wealth management. They were cocky and condescending and I hated them all.
By talking to people and lawyers I found the perfect advisor for me. My husband knew her as well and they would often talk about his investment thoughts. This pleased me because I knew she understood his plan. Also, she is a single mom raising 4 kids, she understands me and my needs. If one of those men had said to me, “I know I don’t understand your circumstances but I can help you make it better,” I would have felt satisfied. Instead they came in with their boilerplate presentation and just sickened me.
Amie
FIRE Finance
Oct 19, 2007 at 12:03 pm
Thanks for hosting this festival and including our post. Have a great weekend!
Cheers,
FIRE Finance
www.topcreditcardsadvice.info » How to Solve Your Money Worries
Oct 19, 2007 at 7:48 pm
[…] anna added an interesting post today on How to Solve Your Money WorriesHere’s a small readingRevolving consumer credit card debt continues to grow each month, finally breaking the $900 Billion dollar mark for the first time last June. The Federal Reserve reports that this year, Americans have piled on $39 Billion in new credit … […]
Shari
Oct 19, 2007 at 8:50 pm
There are people who act like fools when they hear that a widow has suddenly come into money wheter it’s substantial or not so. I’ve heard advice from so many people and like you, I have one person whom I trust to help me. It’s so important to find the right person or you can end up paying for it in the end. Besides I would rather give everything up and lkive on the street if it meant that my husband was still alive!!
FIRE Finance
Oct 28, 2007 at 3:20 am
Sunday Review #42 - Rent to be Rich, Assests …
FIRE Finance welcomes Sunday and the relaxation that comes with it. Today we proudly announce that we successfully hosted Festival of Frugality #96 over the week. It was a big festival and had some great posts on savings replete with humor. We won\’t…
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