Pam Owns Her Own Business And Wants To Reduce Her Business Debt

“Dear Steve, I am a self-employed home owner with $85,000 in business debt and $130,000 in home debt. We have about $30,000 in equity on our home. We make +/- 100,000 per year. Half of that goes toward the business and the other half we live on. Should we sell our house and rent? We … Read more

My Husband is a Liar, Cheat and Thief and Spent Our Equity Line of Credit Without Telling Me

“Dear Steve, I habe been married for 8 years. I got the mail recently and found the account summary for our Equity Line of Credit. All but 3500.00 of the 50,000 has been taken by my husband for the last 4 years. he has only been paying the 167.00 interest payment. I was shocked for … Read more

What You Need to Know Before You Refinance Your Home to Pay Off Debts

Consolidating your debt with the equity in your home can be a terrific money-saving strategy. The interest rate may be much lower than you’re paying on your other bills and, if you itemize on your tax return, you can usually deduct the interest you pay – making the effective rate of the loan even more … Read more

How to Start Your Own Successful Business With Little Money

Tired of the 9 to 5 grind? Considering going into business for yourself? You’re not alone. Millions of people have a similar dream. A few brave ones take the next step. Unfortunately, for many, the dream can turn into a nightmare quickly. The U.S. Small Business Administration statistics show that well over half of all … Read more

I Used an IPO to Pay Off My Mortgage. Now I’m $450K in Debt. – Lynn

“Dear Steve, 6 years ago, with money from a high tech IPO, I paid off my house. Shortly thereafter, my husband and I started a business (with a HELOC). 4 years into the business, we had accumulated a $390K balance (maxed out) on our HELOC since the business was not profitable and neither one of … Read more