Eliminate Debt in Six Steps and Plan for Your Future
Debt is a major problem in America. People take out loans and live life but continue to dig deeper in debt. There is a better way to live. Get out of debt and stop worrying about money. Follow these steps to financial freedom.
Several Reasons Why You Are Always Broke
There are several reasons why people are broke. Here is my short list of reasons why people are broke and will continuously be broke. Your attitude towards money began when you were a child. You had great instructors and in most cases, they were your parents. Remember the axiom “from the root to the fruit?” Usually, the fruit does not fall far from the tree, meaning that you are usually a product of your parents thinking. Sound Familiar?
Organize Your Finances for the New Year
The new year starts with good financial health. It’s time to make a fresh start and simplify your finances. We’ve put together some tips to help you with your financial housecleaning in 2018 so you can toast to financial wellness in 2019.
Different Types of Company Liquidation
What is company liquidation? If you are looking for a simple definition, it’s a process where a company goes through dissolution. The assets of the business are sold off and the payments are made to the creditors. In most cases, if a company is making profit, it won’t go through this process. However, in some cases, even solvent businesses have to choose this route. Let’s know more.
How to Liquidate a Company: Liquidation Process
Has your company not been very successful? Is it not making you enough money? If so, you may be thinking of liquidating it. But before you go for it, you need to understand what this process is. Let’s know more about it.
The Benefits of Liquidating a Company
For a businessman, liquidation is a word that is on their most hated words list. As a matter of fact, it is quite heartbreaking for a company owner to see his empire falling apart. However, you may want to keep in mind that liquidation is an important aspect of any business. If you have been looking for benefits of company liquidation, you may want to read on.
4 Common Types of Debt
Unless you are privileged, most Australians will be in debt at some point in their life. From borrowing a high sum to buy a house to running up a credit card bill, living with a debt is just something that most people have to put up with.
Tackle All Bad Debt
You can think of financial freedom like a video game. You’ve got to get through 7 Levels to make it to Financial Freedom. First Level is handling all bad debt, which is distinguished by it being used for consumption rather than production. Bad Debt typically does not have beneficial tax treatment like good debt does. By getting rid of all bad debt, you’ve established you can budget and you can produce more than you consume. These habits are critical to achieving financial success. In addition, these habits must be learned before anything else can be accomplished.
Take Control of Your Finances and Get Out of Debt
Debt is a burden and it can cost you your relationship and can be detrimental to your mental health. It is important for you to come up with a plan to help you manage your debt.
Why Is a HELOC a Bad Way to Pay Down Debt?
You may think that a Home Equity Line of Credit or HELOC is a great way to reduce your debt. Perhaps you should think again.
The Best Way to Eliminate Your Debts
Eliminating debts does not have to be an impossible tasks. The steps covered in this article have been proven to be one of the most effective ways for eliminating your personal debts.
7 Things To Know When Dealing With a Debt Collector
Debt collection calls and letter are never fun, not even in the best case scenario. It an be a real headache knowing that you have outstanding debt that can’t be paid and nowhere to turn because the debt collectors are only offering the bare minimum.
