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Author Archives: Guest Post

5 Lessons I Learned from Working Low-Wage Jobs

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It’s been a while since I worked in a job that would be considered “low-wage,” but that doesn’t mean I don’t remember what the low-wage lifestyle was like. Quite the contrary, really. I actually remember exactly what it felt like to be broke until payday, struggling to come up with money for anything extra – like birthdays, clothes, and even ... Read More »

    5 Common Money Fights Couples Can Avoid

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    Relationships almost always come with their fair share of disputes, but fighting about money can be another animal entirely. Managing joint finances is rarely easy, but keeping the lines of communication open can go a long way. Take a look at the most common money fights couples have and consider which strategies can help you avoid repeating the same arguments. ... Read More »

      Could I Owe Taxes on College Scholarships?

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      Paying for college isn’t getting any cheaper, so in order to avoid going into unaffordable education debt, families and students either need to save more money, go to less expensive schools or find someone else to pay for it. There are hundreds of thousands — maybe even millions — of scholarship opportunities out there, but receiving monetary awards can do ... Read More »

        The Pros & Cons of Rent-to-Own Home Deals

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        That age-old question when choosing a place to live of rent versus buy actually raises a series of questions. What can you afford? What makes sense for your situation? Can’t I just live with my parents forever? No matter which aspect plagues you most, it seems there is actually a middle ground. Once you know how much house you can afford ... Read More »

          Could Social Media Be Causing You to Overspend?

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          Social media has exploded. It is a multi-million dollar industry with ordinary people becoming overnight sensations and companies cashing in on people’s apparently insatiable need to constantly be connected. It is a vital connection to loved ones serving overseas and to keep in touch with family and friends. The many different platforms have enhanced our lives by making us feel ... Read More »

            How You Can Get a Mortgage With a 550 FICO Score

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            Mortgage credit remains extremely tight, even as the economy continues to recover from the recent housing crisis and recession. About 90% of mortgages originated in 2013 went to borrowers with FICO credit scores of 660 or higher — about 60% of all mortgage borrowers had a credit score greater than 720, according to a recent report from the Urban Institute. ... Read More »

              4 Emotions That Can Cost You Money

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              We all get emotional – it’s human nature. The trouble sometimes comes when our emotional side overrules our rational side for money matters. Check out some of the common ways emotions can hurt your finances, discover if you are an emotional spender and how to combat the problem. 1. Jealousy It is easy to become bitter when we see other ... Read More »

                How Long Does It Take to Become Rich?

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                How long does it take for the average rich person to become rich? Ten years, 20 years? How about 32 years. That’s how long it took the average self-made millionaire, according to my data. In my Rich Habits Study, 76% of those who were wealthy were self-made millionaires. They came from non-wealthy households: 31% of these millionaires came from poor ... Read More »

                  Should I Get a Loan for a Used Car?

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                  One of the many decisions consumers must make when buying a car is whether to get a new vehicle or a used one. Even though a used car is generally cheaper than a new one, it makes the car-buying process much more complicated, especially if you need to finance it. Some people argue that taking out a loan for a ... Read More »

                    3 Ways to Increase Your Chance of Receiving a College Scholarship

                    get out of debt

                    The cost of attending college increases every year, and that probably isn’t going to change anytime soon. The best way for students to reduce what they’ll be spending is to apply for college scholarships. Everyone knows that good grades and test scores will help, but there are a few other ways to increase the chances of receiving free financial aid. ... Read More »

                      10 Things Everyone Should Know About Credit Scores

                      christine-credit

                      The last time I got up in front of a group to talk about my job, no one had questions for me. It was a high school career day a few weeks ago, and the students stared at me blankly as I dropped words like “personal finance,” “credit scores” and “debt.” I could tell they thought my work wasn’t exciting, ... Read More »

                        7 Things You Need to Know About the Statutes of Limitation for Debt

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                        If you have old unpaid debts, it can be helpful to know the statute of limitation that applies to those debts. If the statute of limitation (SOL) has expired, a debt is said to be “time-barred,” and a creditor or debt collector is not supposed to sue you to collect. Here are the seven most common questions we’ve received from readers ... Read More »

                          Beth’s Story: Should I Consider Bankruptcy?

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                          For more than a decade I have used a fairly specific approach to help people find their way when struggling to keep up with their bills. I generally focus on six mainstream options to deal with debt, including filing for bankruptcy, debt consolidation loans and negotiations with creditors and debt collectors. Once I gather some basic facts about an individual’s ... Read More »

                            4 Non-Banks Where You Can Get a Mortgage

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                            Getting a home loan doesn’t require a trip to the bank. In fact, 37.5% of mortgages originated in 2014 came from non-bank lenders, according to Inside Mortgage Finance. That share has grown significantly in the last few years, but it’s not a new concept. Non-bank lending declined dramatically during the mortgage crisis, but the current market share is similar to ... Read More »

                              How to Go From ‘C’ Student to Self-Made Millionaire

                              Every day wasted is money wasted. Make the tough choices young so you don't wind up broke, old, sick, and counting pennies.

                              Do you have to be naturally smart in order to strike it rich? Is intelligence a prerequisite for success? In my five-year study of the daily habits of 233 self-made millionaires and 128 individuals at or near poverty (Rich Habits Study – Background on Methodology) I uncovered the answer to these and many other questions. Let’s take a look at ... Read More »

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