The highly respected and well-regarded financial expert Ray Dalio had published a video back in 2018 about his Principals for Success. What utterly amazed me was how much he says also applies to people trying to get out of debt or dealing with bad debt. I’ve embedded the video above, but here are the key …
The end of every calendar year is a time for many to reflect on the highs and lows from the past 12 months. Unfortunately, some people might not have made as much financial progress as they likely would have liked in 2019. CompareCards commissioned a survey of almost 800 credit cardholders and found that nearly …
Question: Dear Steve, I received a mail invitation from fresh start company. I called and they told me about their debt consolidation program and I got to choose which credit card I wanted to include in the program. So it came out to 300 a month for 36 months to pay off the cards. Which …
Question: Dear Steve, First of all, LOVE that you are answering such tough questions with all proceeds going to Pilot.Dog. Love this. You’re amazing. Some background: I am a 28 year old living in NYC. I am currently making $55,000 with a monthly rent of $1450 excluding utilities. I have three credit cards: one with …
As someone who has helped people with debt and money troubles since 1994 I’ve seen thousands and thousands of consumer situations when dealing with all sorts of debt. From mortgages, credit cards, car loans, bank loans, personal loans and students loans; I’ve seen it all. I’ve worked with people with gambling problems, shopping addiction, overspending, …
Question: Dear Steve, $100,000 in unsecured debt. $50,000 of total is in 5 year consolidation loans. $10,000 in health bills. $165,000 annual salary. Bouncing credit card to consolidation loan keep credit score high. Going into debt $500 more per month. Children so can’t reduce expenses, really. Should I go into Chapter 13? Should I use …
Question: Dear Steve, Due to medical issues and a large percentage (25%) loss of salary my wife and I are in serious debt. We owe approximately 52,000.00 in credit card debt. I am looking at some debt solution companies at possibly helping get this debt under control and paid off in a reasonable period of …
For years I’ve asked people in debt this simple question, “Do you have a greater responsibility to fix the past or fix your future?” It appears Socrates beat me to the punch and asked the same question of people millennia ago. It seems this question of logical responsibility is one we’ve been asking since nearly …
My wife and I have about $50,000.00 of credit card debt. We both work and we are also paying off our kids college. I do not want to contact a debt settlement company because I believe they are all scams. I also do not want to file bankruptcy. I just want to know if there …
“Dear Damon, My wife had a full time job, then stopped working for a few years when we had children, then went back to work part time for about 8 years. This was a big decrease in income and, regrettably, a lot of times we charged to compensate in doing or buying things needed during …