Each of us lives only now, in this brief instant. The rest has been lived already. So make the most thoughtful choices you can today that will lead to a better future.
Steve's Thought of the Day
Stop drifting and hoping a magic solution will appear. Instead, you can participate in rescuing yourself. Find peace by pursuing facts through trusted advisers and research rather than the blind trust of salespeople trying to sell you something by almost any means necessary.
Steve's Thought of the Day
Make decisions to deal with your debt with logic and facts, not assumptions, and worry about what other people will think. People who judge you will soon be forgotten. Nobody thinks about anyone that much.
Steve's Thought of the Day
The world is nothing but constant change. Your life is only a perception. Choose a way out of debt based on facts, not assumptions. Do what is best for your future because those that judge you will not feed you.
Steve's Thought of the Day
Do you have a greater responsibility to repair your financial past or your financial present and future? Make good choices that allow you to tackle your debt and immediately start building your emergency fund and saving for retirement. Tomorrow will be here before you know it. Lost time is a sin.
Steve's Thought of the Day
There is no sense in wasting a perfectly good financial mistake. Instead, learn from it and do better moving forward. The past is gone. Turn and face the future now.
Steve's Thought of the Day
Those who judge you for past financial mistakes are not your friends. So don't make choices about your future out of fear of what they may think. Instead, make choices based on truth, fact, and what is best for you moving forward from today.
Steve's Thought of the Day
Don't believe everything you think. Challenge your assumptions about getting out of debt. Do what is best for you, not others.
Steve's Thought of the Day
Is it less moral to file bankruptcy or to not take action that leaves you old, broke, hungry, and dependent on others?
Steve's Thought of the Day
If bankruptcy is so bad, why did our Founding Fathers specifically include it in the U.S. Constitution as protection for financial difficulties?
Steve's Thought of the Day
Maybe it is time to read what the Bible really says about bankruptcy instead of listening to the assumptions of others. Throw out your misperceptions and you'll be fine. (And who is stopping you from throwing them out?) - Marcus Aurelius
Stop listening to people that say bankruptcy is a last resort. It is neither first nor last. It is a tool like credit counseling, debt settlement, and others. For the best result, you need to use the right tool for the job.
Steve's Thought of the Day
People that tell you to avoid bankruptcy want to sell you something else are repeating something they heard or do not know what they are talking about. Get the facts and then make your own decision. Don't let an unskilled script-reading commissioned salesperson make life decisions for you.
Steve's Thought of the Day
Debt problems are like fingerprints. No two are alike. A one-size-fits-all solution will give you a one-size-fits-all result. You deserve better.
Steve's Thought of the Day
You are not your debt. Your value, self-esteem, and existence should not be defined by the money troubles you may be facing right now. Debt problems are solved with proper action, not guilt, self-hatred, and disgust.
Steve's Thought of the Day
Debt is nothing more than math wrapped in emotion. The math is easy, the emotional part leads us to do impulsive things. Not the right thing.
Steve's Thought of the Day
What type of money personality do you have? It is important to know. Take my online test now and discover how you unconsciously deal with money, credit, and debt.
Steve's Thought of the Day
How much retirement savings are you willing to throw away by dealing with your old debt instead of preparing for your financial future? Find how much you will lose by making the wrong choice. Use my online debt repayment calculator now.
Steve's Thought of the Day
Does it make more sense to ask for life-altering debt advice from an unskilled and untrained commissioned salesperson in a call center or an experienced debt coach like Damon Day that provides a customized solution for money troubles?
Steve's Thought of the Day
Throw out your misperceptions and you'll be fine. (And who is stopping you from throwing them out?) - Marcus Aurelius
As 2020 comes to a close, you may think 2021 will be a better year. And if you are among the top 1 percent Americans in terms of wealth and income, things look pretty rosy. But if you are a middle-class person, next year will be worse for you than in 2020. First of all, … Read more
Even when the economy is booming, individuals can feel uncertain about their finances. During recessions, those uncertainties can escalate into fears about losing one’s job, losing one’s home, losing one’s savings or investments. In early 2020, unprecedented measures to halt the Covid-19 pandemic slowed business activity worldwide. The National Bureau of Economic Research (NBER) announced … Read more
When I was a kid, my family would mark the holiday season by driving to Oklahoma City to do our Christmas shopping. We always made three stops. We would drop by the Sears store, which was a treat for me because it had escalators, and popcorn was always popping on the first floor. Popcorn and … Read more
The Federal Reserve Bank of New York just released two charts that show the trend of household debt. The most alarming trend here is the rapid growth of student loan debt since 2004. If we look at all debt and the types of loans that are 90+ days delinquent, you will see a big dip … Read more
Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw Today, the New York Fed’s Center for Microeconomic Data reported that total household debt balances increased slightly in the third quarter of 2020, according to the latest Quarterly Report on Household Debt and Credit. This increase marked a reversal from the modest decline in the second quarter … Read more
It’s been 217 days since Congress instructed the IRS to send $1,200 stimulus checks to every citizen below a certain income threshold. And yet, it’s likely as many as 12 million people — including those who most need a financial boost — never got the cash. The reasons include confusion about how the complex program … Read more
One year ago, West Virginia Gov. Jim Justice promised business leaders that the state’s economy was on the verge of a boom. Continued growth in natural gas production was going to spark an industrial renaissance, bringing construction of a giant collection of spinoff factories. Speaking to the West Virginia Chamber of Commerce’s annual meeting, held … Read more
Since the economic impact of the pandemic has hit with massive unemployment and businesses closing, I’ve been asked several times how can things be that bad when the stock market is doing so well. I thought this video did a really good job of explaining why the stock market is not an indicator of how … Read more
Accenture just put out a rather scary look at the pandemic financial challenges that have been put off or hidden by government stimulus. And this is very important information to you and me as consumers. The report by this well respected consulting firm says that as the government stops stimulus efforts to prop up the … Read more
Back on March 11th, I wrote The Coronavirus Might Just Kill Your Finances Before It Kills Anyone You Know. Each day that passes raises my concerns the financial impact from the coronavirus is going to be very painful. As I write this, consumers are being propped up with temporary economic bandages of extended unemployment benefits … Read more