What are you doing to improve your financial condition?? - (Revisited)

[imported_Gman]

Someone asked for some suggestions on how I got out of debt. This is what I wrote..

.....

1) I had to face up to the problem which sounds like you are ready to do. You have to stop the downward slide and reverse course.

2) You only owe $13,000 ? Why that's just the cost of a cheap car [img]smile.gif[/img]

3) Take complete responsibility for all the debt that you have accumulated instead of hiding from it. I called all of my creditors and told them that its my bad, I am ready to start working out a way to make this debt good. In other words work out some type of payment arrangment with each creditor. Tell them you are doing this with all your creditors and you can only afford to send $$$ a month. Even if they are disagreeable with you on the phone tell them you plan to start out with this much and increase it over time, but you will make this debt good. They will try to get you to borrow more money from someone else to pay off their debt put don't do it. When they call always pickup and explain that you again have every intention of making this debt good. Make sure you send them at least something (even its only 5 or ten dollars)every month to show your intention. So call them, don't wait for them to call you. Once you have made some type of arrangements with yor creditors (in my case some were lawyers who had gotten judgements) you will feel a lot better.

As each debt gets paid off switch that money over to the other debts. Your goal has to be to be completely debt free. I am not talking about good debt (Mortage). Anytime you borrow money to buy something that "increases" in value is good debt.

4) You have to stop the buying madness and live within your means. The only way to truly get ahead is to spend less that you earn, bottom line. Realize that everything in this society is designed to get your money from you. I know how that sounds but if you stop and think about it...

5) You must stop using revolving credit cards. I only use mine if I need to book a hotel, plane tickets or where I need to be protected against faulty merchandise when making a purchase but I then send the money in at the end of the month to pay the charge off in full. You will get to the point where you hate owing anybody any money and find that you can pay for a lot of things in cash. When you use credit cards to buy things you don't feel the pain. Try taking out cash if you can for that next purchase and see if you still want it after having to peel off hundred dollar bills to pay for something you think you want.

Once you have paid off all your high interest debt then start thinking about doing some investing. So what I'm saying is the best investment you can make right now is to get out of debt. If you can get out of debt by age 30 you will be ahead of the game in my opinion.

Each day you have to be able to say I am getting further out of debt rather than going deeper into debt. Take it one day at a time.

You also need to get a copy of your credit report and look that over so you can see what all good and bad things are on their.

Just some thoughts...

-Gerard

[ May 16, 2002, 02:09 PM: Message edited by: Gman ]

[House]

Originally posted by matt b:
What I think we all should do.

1. Try to get rid of the FED that is printing counterfeit money and creating this national debt that we have. The stock market is over valued and is a propaganda tool used by the Government to make people think the economy is on the right track. The myth that money can be made by shuffling paper around has to be debunked.

2. We need to get back to the Silver and gold standard as our Constitution prescribed. Currency backed on precious metals always has a definitive value that no one organization can inflate or deflate. When the money runs out we will learn to live within our means, prices will drop and everything will become affordable. We will then begin to pay off our national debt.

3. If we don't take the above steps, we're likely to see 50, 60 or maybe even 70% personal income tax rates. What are we willing to bear? At a certain point, the stock market will collapse and all the mutual funds, Social Security, IRA's and other worthless paper won't be able to help us (or your children).

4. Everybody’s 'plan' should be to collaborate and speak out loudly about why our government sold us out to foreign investors. With enough of us complaining about this, it may be possible for someone to arise and actually makes changes like this without the fear of being assassinated as was J.F.K.

..ignorant statement #1

Try to get rid of the FED that is printing counterfeit money and creating this national debt that we have.

***The Fed doesn't "print "money as needed

ignorant statement #2

The stock market is over valued and is a propaganda tool used by the Government to make people think the economy is on the right track.

***Government has nothing to do with the stock market outside of regulation to ensure fairness....remember Greenspans "irrational exuberance comments"...that was a reminder that unlike banks the government does not ensure liquidity of the market

Ignorant statement #3
We need to get back to the Silver and gold standard as our Constitution prescribed.

***Then that would make Africa the wealthiest continent on the planet eh?...Nixon took us out of this for a reason and 99% of economists agree. The only dissenters live in fallout shelters in Wyoming

Beyond ignorant..just plain silly statements

Currency backed on precious metals always has a definitive value that no one organization can inflate or deflate. When the money runs out we will learn to live within our means, prices will drop and everything will become affordable. We will then begin to pay off our national debt.
***So wht you are saying then is that the economy can only grow a finite amount...even with population rising...the effects of "crowding out" would be apocolyptic....the rest is just nonsense

Back to ignorant statements

Currency backed on precious metals always has a definitive value that no one organization can inflate or deflate. When the money runs out we will learn to live within our means, prices will drop and everything will become affordable. We will then begin to pay off our national debt.
***Do you know why a crash of the market today(btw...the crash of 89 was much more severe than the crash of 29 and NONE OF WHAT you postulate happened) would not lead to what you describe?
1. Banks aren't allowed the speculative leeway
2 Mortgages are not immediately callable as due....this by the way was the straw that really led to the depression by breaking the camels back

OUTRIGHT BULLSHIT

Everybody’s 'plan' should be to collaborate and speak out loudly about why our government sold us out to foreign investors. With enough of us complaining about this, it may be possible for someone to arise and actually makes changes like this without the fear of being assassinated as was J.F.K.

***I don't know who's feeding you this stuff but i have one piece of advice...DON'T DRINK THE KOOL-AID

btw...i'm not calling you ignorant..just your statements...you are misinformed..imo

[ May 16, 2002, 03:17 PM: Message edited by: MAGUS ]

[shawn]

[img]graemlins/1luvu.gif[/img]
I LOVE all of you guys. This is the best post I've seen in quite sometime. I'm 33 and the light came on a few months ago. My credit isn't that bad actually. I, like G-Man, only use credit cars for rental cars, hotels and airplane tickets. And I pay them IMMEDIATELY. (No time to gain interest).
Julian, Doug, MHD, G, I want to be JUST like you someday. I'm gonna start NOW.

[House]

Originally posted by Gman:
Where I "was" back around age 31 (I am now 42):

1) Defaulted student loans (I wasn't paying nothin back, just..just try and get if from me)
2) Credaholic ( 4 credit cards charged to the max). Only making the minimum payment
3) Bill collectors calling all the time. Afraid to answer the phone.
4) Bad stuff on my credit report
5) Just constantly worrying about money
6) No savings or investments

I was able to fix all of the above by age 34. I burried the bad credit under a mountain of good credit. I also challenged some things that were correct on the credit report but they could not verify them in time so they had to remove them (hehehehe) ;) Now my credit report is perfect\excellent and everybody wants to give me money but they can all kiss my ass.

If I only knew in my 20's what I know now.

damn...did i change my name to G-Man...thats my story....Damn those eighties...GOGO 80s is right..banks were giving out credit cards like candy....i had 9 and i maxed em all...sheet 2 words of adviice 1 PAY THEM OFF AND DON'T FILE BANKRUPTCY (hell if desperate they'll take cents on the dollar)...2. AMEX and the phone company WILL NEVER GIVE UP...EVER

[imported_mhd]

What about this scenario regarding bankruptcy.
Hypothetically speaking

WHAT IF I had a debt that was not dischargeble through bankruptcy and credit cards that were, how high would my debt have to be for me to use cash advances on the credit cards to pay off the non-dischargeable debt and then declare bankruptcy which discharges the credit card balances?

[TAC]

Originally posted by MAGUS:
2. AMEX and the phone company WILL NEVER GIVE UP...EVER

Yea, but unlike Amex the phone company's credit info does not go on the "public" credit reporting ssytem. Same for most utilities.

So if your gonna dick one, who do you dick first?

Leave the lights on or off. Uhm that's a tuff one!

[House]

Originally posted by TAC:
</font><blockquote>quote:</font><hr />Originally posted by MAGUS:
2. AMEX and the phone company WILL NEVER GIVE UP...EVER

Yea, but unlike Amex the phone company's credit info does not go on the "public" credit reporting ssytem. Same for most utilities.

So if your gonna dick one, who do you dick first?

Leave the lights on or off. Uhm that's a tuff one!</font>[/QUOTE]"KNOCK THRE TIMES..on the ceiling if you want me
Twice on the pipes...."

[Bernie]

Me, aggressively paying off my debts each month. I have an IRA where I contribute money deducted from my checking account each month. It's good especially that I can deduct the contribution (up to $3,000 this year and I think up to $5,000 next year) from my taxes.

[julian_kelly]

Discussion is going good… keep the comments coming

Now lets add another twist to it. Consider this question:

What are you doing to make immediate income NOW??? Not 30 years from now at retirement, but NOW!!

It is imperative to plan for the future; in addition is equally imperative to make money NOW.

Most people need money NOW…cashflow now…financial relief now. Why wait ? If you have more money now, you can invest it and have more money later.

Don’t let your IRA or 401-k be your only vehicle for making loot. You cant touch it now so what good does it do you in the short term. You are in a financial crisis NOW so plan accordingly

Some thoughts:

1. I know of this fifteen year old kid who started a lawn cutting service with his little buddy. They both borrowed the family lawnmower (2 total) and started cutting lawns in the neighborhood. Part time these kids pull in around $1,000 a month

2. I know of a lady who recently had a daughter and refused to let other people raise her kids, so she chose to stay at home. She started looking for ways to make extra cash and ended up finding a cheap recipe for soap. She sells her soap to her friends and family and pulls in from $500-800 a month.

3. I met a guy who loves to bake. He started baking pies and selling them to his friends and church members simply to make extra cash. Seven years later, he has his pies in convenience stores across the city

4. What if you write and want to get published?? Work your way in thru the backdoor. Market yourself to the writing community as and editor. Independently edit other folks work for a reasonable fee. In turn you help other writers shape their vision, make some extra cash and build valuable relationships. You build up your resume and sharpen your craft. Eventually someone will hear about you. Build your network large enough and the breaks will come.

5. I heard of a guy who details/washes cars at a family owned gas station. It’s a win/win situation. His customers get a carwash and end up getting gas at the gas station. They split the water bill/supplied…He gets paid, the gas station owner gets paid

6. I know a kid who is extremely responsible in karate… he has a black belt. I know business… he knows karate… we are thinking about renting out a small spot and doing karate lessons on the weekend. I market his business..he does karate… we both get paid.

7. Think of your skills and who needs your skills… start doing part-time work doing helping others with your skills.

8. Learn sales… learn how to sell yourself….if you can talk a good game you can get just about anything you want in this world

9. Partner with rich people. What skills do you have that can make someone rich, richer. They front money, you come with the idea and expertise. Maybe you want to get into real estate, but don’t have extra money at the time. Take around three months and research real estate in your spare time… write a plan on what areas are hot and an efficient strategy on how to buy and sell. Go to a person with money and show them how you can help THEM make money. Do a good deal for them and you have their attention for life. Rich people like easy money, but NEVER go to a rich person without a plan.

10. Take real estate courses at night or on the weekend. You DO NOT have to have a real estate liscense to invest in real estate.

11. Pay a few hundred dollars and become an insurance broker on a part-time basis… you can make a grand a week part time in insurance without blinking

12. Figure our what you are willing to give up. Cut back on entertainment (clubbing, records, clothes, liquor, cigarettes, eating out) for a while. Save that cash and put it into something that will make you money NOW. Get your freedom back and then you can club and buy records all you want.

13. Buy books about financial literacy… again… I often tell how much money a person makes by the books they buy. Poor people have big TVs and entertainment systems. Rich folk have libraries.

14. Realize that you wont make serious money by simply working a job… it doesn’t happen.

15. Do the opposite of what the masses do.

16. Be in it for the long term. Success doesn’t happen immediately and it aint easy. Learn to be comfortable in discomfort.

17. Start SMALL but dream BIG. So what if you only make an extra $100 or so. Thats more that what you had before. Sharpen your skills and the money you make in the short turn will go from hundreds to thousands. The point is the START doing something

18. Learn to LOVE failure. Failure is essential to growth. I get better and stronger each time I fail. I love failure. The more times I fail the more money I make. If you don’t fail, you remain where you are. So at least fail/fall forward and progress. Make sense?

19. Don’t quit

20-100. It aint easy… don’t quit

Learn to make money NOW.. not later, but NOW. An extra $200, $500, $1,000, $5,000 made within a week to 6 months can really help most people. Learn to make $1,000 NOW– invest $500 long term and plop the other $500 on a bill, give it to someone who needs it or buy an asset that will make you more money

Make more loot and you can buy all the records you want OR keep your current mindset/practices and deal with lack for the rest of your life on earth.

more stuff later

julian kelly

[ May 16, 2002, 06:40 PM: Message edited by: julian_kelly ]

[House]

Thanks for the words Julian...I'm one hundred percent feeling you

Mark

[GrantB]

Ok I'm about it. I've come to a point in my life recently where I'm happy in a lot of other ways but the green energy department needs the main focus, and it's really becoming an issue. I'm inspired and motivated to start making real money and securing my future, but I need guidance as to where to begin. So where do you start when you're starting from 0?

I've always known to avoid debt but I feel like that's left me at 0, which is better than -$40k like some people I know but still zip. Are you cats really saying that you wouldn't have started out on credit cards when you were in your twenties, or just that you pay them off right away now that you have credit established? I feel stifled in some ways because I have no credit, but I don't want to owe either. What's a good way to get in without being sucked in? One does need to establish credit, right?

Next, how do I start investing from the 0 level? Obviously I need to save a few bucks first but I'm pretty clueless as to what to do after that. Can you guys recommend a beginners book to get me started?

PS thanks for sharing your stories. I needed to hear from some peeps with positive attitude because especially with the current financial climate here, I'm surrounded by apathetic loosers and I want out!

[Erob the One]

First of all you need to sit down and make a plan that you can measure. It is not always easy to stick to it so consider that when you are planning initially.

Me personally, I have a two income family. My goal is to live on one salary and totally bank/invest the entire amount of the other salary for a ten year period. I set short term and long terms goals that are reasonable.

Most importantly, don't succumb to consumer spending. Who needs a closet full of clothes that are going to go out of style??

The best advice I have seen in this thread is to give money away. Please be charitable. The result are amazing.

Good post and nice advice on the replies. Remember, cash on hand is always best. A fist full of dollars can bargin much better than a promise note!!!!

Erob

[julian_kelly]

Having no credit is not a problem at all.... actually, in my opinion, no credit is better than bad credit.

To establish credit, you can do something as simple as get a gas card, department store card or credit card...us it and make sure you pay off the balance every month

How to get started.

1. Figure out why you want to achieve wealth. What is it important?

2. Start to read

Three great starting books in my opinion are:

** "Think and Grow Rich" Napoleon Hill
Talks about the mindset of achieving wealth
http://shop.barnesandnob le.com/booksearch/isbnInquiry.asp?salesurl=Ishop.barnesandnoble.com/booksearch/isbninquiry.asp&isbn=158063205X#customerReviews

** "Rich Dad Poor Dad" Robert Kiyosaki
http://www6.richdad.com/default.jsp

Talks about the necessity of taking control of your financial future and how you have to think differently than the masses to achieve wealth

** "Multiple Streams of Income" Robert Allen
http://multiplestreamsofincome.com/

Talks about different areas to make money in and how to do it

All three of these books are very easy to read. I would read them in the order listed

3. Find a mentor. Find somebody in your area who has what you want and copy what they do.

more later
julian kelly

Originally posted by GrantB:
Ok I'm about it. I've come to a point in my life recently where I'm happy in a lot of other ways but the green energy department needs the main focus, and it's really becoming an issue. I'm inspired and motivated to start making real money and securing my future, but I need guidance as to where to begin. So where do you start when you're starting from 0?

I've always known to avoid debt but I feel like that's left me at 0, which is better than -$40k like some people I know but still zip. Are you cats really saying that you wouldn't have started out on credit cards when you were in your twenties, or just that you pay them off right away now that you have credit established? I feel stifled in some ways because I have no credit, but I don't want to owe either. What's a good way to get in without being sucked in? One does need to establish credit, right?

Next, how do I start investing from the 0 level? Obviously I need to save a few bucks first but I'm pretty clueless as to what to do after that. Can you guys recommend a beginners book to get me started?

PS thanks for sharing your stories. I needed to hear from some peeps with positive attitude because especially with the current financial climate here, I'm surrounded by apathetic loosers and I want out!

[ May 16, 2002, 10:30 PM: Message edited by: julian_kelly ]

[GrantB]

Thanks Julian I remember those books from the previous thread now. I think I'll actually get them this time!!!

[imported_Gman]

Grant, what I am saying is I wish I had used credit cards responsibly in my 20's rather that racking up huge debt. Paying the bill off in full every month or just carrying a small balance still builds your credit history.

The best way to establish credit is to apply for department store credit cards like Sears, JC Pennys, Kohls, Best Buy or gas stations cards (these type of cards tend to be easy to get) Apply for cards in the stores that you frequent the most. You are bound to get a couple of cards doing this even though you don't have any credit. Then charge something small say $50 worth on the cards and when you get those first bills pay them off on time. Do this for a couple of months then apply for some more cards and do the same thing. Get a copy of your credit report and you will see entries on it for these accounts you have just opened and they will have a code next to them that indicates that you pay these accounts on time. Then apply for a major credit card like Visa or Master card and do the same thing. I think you get the picture now...The object is to create lots of entries on your credit report that show you always pay your bills on time. It doesn't really matter that you are hardly charging anything on these cards. The credit bureau (sp?) will use these accounts in generating an overall credit score for you.

For me if I charge sonething on my credit cards I almost always pay the balance off in full when I get the bill.

Here is the best book I have read on personal finance:


I have been giving this book as gifts to family and friends. What I really liked is how they explain things in a manner that easy to understand but they also go deep into the material. There's a lot of warnings in this book concerning things to watch out for.

Good luck -Gerard

Originally posted by GrantB:
Ok I'm about it. I've come to a point in my life recently where I'm happy in a lot of other ways but the green energy department needs the main focus, and it's really becoming an issue. I'm inspired and motivated to start making real money and securing my future, but I need guidance as to where to begin. So where do you start when you're starting from 0?

I've always known to avoid debt but I feel like that's left me at 0, which is better than -$40k like some people I know but still zip. Are you cats really saying that you wouldn't have started out on credit cards when you were in your twenties, or just that you pay them off right away now that you have credit established?

I feel stifled in some ways because I have no credit, but I don't want to owe either. What's a good way to get in without being sucked in? One does need to establish credit, right?

Next, how do I start investing from the 0 level? Obviously I need to save a few bucks first but I'm pretty clueless as to what to do after that. Can you guys recommend a beginners book to get me started?

PS thanks for sharing your stories. I needed to hear from some peeps with positive attitude because especially with the current financial climate here, I'm surrounded by apathetic loosers and I want out!

[imported_Gman]

This was a response I wrote to someone who was frustrated trying to make arrangments to pay their debts off.

On Collection Agencies...

Yes they do like to exploit people in bad situations. Remember these collection agencies work off commission. There job is get you to pay as much as you can. Think of it this way.. if you don't pay them they get nothing so in the end they will take what you will give them. They are not going to turn the money down. Ignore their threats and insults. They are working off a script. Their job is to make you feel like shit so that you will pay them the money rather than that other bill. Send them what you can on each bill whether they say its enough or not. Tune them out and just focus on paying the bill off. In the end you are going to kick yourself for making this harder than it actually was.

Buying a lot of music can also be an addiction but when you get yourself out from under the debt you will find that a lot of money gets freed up to buy things like more records if thats what you want to do.

I hate collection agencies and the people who work for them. I once cosigned on a loan for a friend who did not pay it and I ended up having to pay their debt. So this collection agency came after me to pay the loan back. I refused to pay them and said I would pay the company (University) directly that he owed the money to. This guy from the collection agency went ballistic and said I can't do that. I called the University and said I would like to pay my friends loan off in full and they said sure we will take the money (they would be a fool not to).

peace -Gerard

[princess tamtam]

this is a great discussion. julian, as always, schooling hard on the financial tip.

reading danny b's post on quitting a job and looking at this and thinking how i am using my credit cards to get my little move on is making me somewhat depressed. i am still in my twenties but it looks like i should get it together soon, eh? i want to go back to school so i know i will still be broke becuz of that. and yes, i am still financially illiterate. terribly so.

but i almost have my credit cards from 7 years ago almost paid off. this year i will have it behind me!!!!! yayay that is 10 g's i have gotten rid of. but i am afraid i am gonna rack up more with my move. yes, i am the baby of the family but why do relatives still put bills and credit in MY name?!?!? ghetto material conditions. what to do what to do....

being broke with freedom? or having bank but being on lock down? both? one and the other? wha?

hmmmm....

what i need is a sugar daddy or mama. anyone? haha ahhahahahahha a

[Mack-Williams]

The one thing I don't here mentioned is Life Insurance. Protect your children and your family just in case you may die. Don't leave your family in dept. Some of you all can make your family very financial stable upon your death. Life Insurance settlements are tax free, but the government will get 40% of your Estate upon death. You can replace the money that the Government will take by having a Life Insurance Policy. The company I am working for now, we have over 600 clients, all very wealthy individuals. I am talking people like a well none agent for a big time home run hitter. They have millions of there dollars protected and right now they are not receiving any bills for premium payments. Interesting isn't it. These folks are practically getting Life Insurance for free. We have no black clients. I have been trying to get some wealthy Black individuals to look into it, but they feel like it isn't any need.

[ May 17, 2002, 09:34 AM: Message edited by: Mack-Williams ]

[House]

Julian

to follow up on Mack - Williams. What is your position on Whole life vs Term plans. I have a whole life policy and am considering upping the coverage to a half million. I like the fact that the policies build equity and its equity balance vs premuium payments after 10 years.
Your thoughts

thanks in advance

[Tristan]

I just want to say that this is most likely THE best thread I have ever read on a message board (and I've read a quite a few). good lookin out! Seriously, more people need to understand that if you take simple steps to secure your personal finances, you enrich your whole outlook on life!

well done people... I love hearing the p o s i t i v e !!!! :D

'He who fails to plan, plans to fail'

easy

[ May 17, 2002, 09:08 AM: Message edited by: Tristan ]

[imported_mhd]

Yo Mack, check your e-mail

[julian_kelly]

Mack is right about being properly insured

I like whole life as well... you pay consistent premiums and build up equity. Whole like is the same concept of buying a home. Term is the same concept of renting a home. Equity buildup in whole... no equity buildup on term.

People should be properly insured, but insurnace can be confusing (and it still is to me) because there are literally HUNDREDS of insurance products that can cover any scenario. Nevertheless consult with at least three insurance agents to find out what product is best your you and your family

Most people should also realize that in addition insurance protection (life/health) a family/person should also have three to six months of cash set aside in case of emergencies. If you get laid off or have and emergency, always have money in the bank.

julian kelly

Originally posted by MAGUS:
Julian

to follow up on Mack - Williams. What is your position on Whole life vs Term plans. I have a whole life policy and am considering upping the coverage to a half million. I like the fact that the policies build equity and its equity balance vs premuium payments after 10 years.
Your thoughts

thanks in advance

[julian_kelly]

Tam Tam, dont worry about credit card debt. Ive built up and paid off credit card debt over $15,000 two times in my life. I just made some bad decisions. If you worry about it, it can really get you down. I was thankful for caller id, cause when them suckers called I didnt answer the phone. Nevertheless, dont worry about it youll knock it out.

Both times, I basically did what gman outlined above -- called the creditors, told them that I owed others told them how I was gonna pay "on MY terms." ... of all the debts I had, I informed them that I would only pay anywhere from 1/3 to 1/2 (because most of the balance was interest accrued.) Credit card companies will take settlements less that the entire amount because they are happy to at least get some money.

Dont feel bad because EVERYBODY has credit card debt or has acquired it sometime in their life lol!! My creidt is jacked up, but it hasnt stopped me nor do I worry about it because I know how the game is played.

I know a guy who is a millionaire... his credit is Jacked up!!! When he was poor, he went to rent a mercuy car less than $10,000 and had to negotiate with the finance company for two days to get a loan. After he became wealthy, he was able to call the mercedes dealership from home, process the loan application OVER the phone (still with his bad credit) and have the car he wanted delivered TO HIS HOUSE in less than 5 hours.

I read about a lady who I think started the net site Loan.com that gave folk loans on mortgages and cars. She had a successful IPO and was worth millions. The lady proclaimed in an interview, and I paraphrase "My credit is terrible like everyone else...if I had to apply for a loan on my own website I WOULD NOT QUALIFY" but because she has money, in her case bad credit doesnt matter.

I heard of another guy who had $250,000 in debt...filed bankruptcy and couldnt get a loan to save his life. He built a business and was worth a few hundred thousand dollars. He also was friends with a mortgage broker. The broker got him a loan on a home despite his bad credit

Moral of the story 1. Make money and many rules dont apply to you. 2. Build relationships with important people and you can get things you otherwise wouldnt have.

Banks, lending institutions and people throw away all their rules when the deal with people who have wealth

julian kelly

Originally posted by princess tamtam:
this is a great discussion. julian, as always, schooling hard on the financial tip.

reading danny b's post on quitting a job and looking at this and thinking how i am using my credit cards to get my little move on is making me somewhat depressed. i am still in my twenties but it looks like i should get it together soon, eh? i want to go back to school so i know i will still be broke becuz of that. and yes, i am still financially illiterate. terribly so.

but i almost have my credit cards from 7 years ago almost paid off. this year i will have it behind me!!!!! yayay that is 10 g's i have gotten rid of. but i am afraid i am gonna rack up more with my move. yes, i am the baby of the family but why do relatives still put bills and credit in MY name?!?!? ghetto material conditions. what to do what to do....

being broke with freedom? or having bank but being on lock down? both? one and the other? wha?

hmmmm....

what i need is a sugar daddy or mama. anyone? haha ahhahahahahha a

[ May 17, 2002, 12:22 PM: Message edited by: julian_kelly ]

[imported_Gman]

Originally posted by princess tamtam:
....but i almost have my credit cards from 7 years ago almost paid off. this year i will have it behind me!!!!! yayay that is 10 g's i have gotten rid of. but i am afraid i am gonna rack up more with my move. yes, i am the baby of the family but why do relatives still put bills and credit in MY name?!?!? ghetto material conditions. what to do what to do....

being broke with freedom? or having bank but being on lock down? both? one and the other? wha?

hmmmm....

what i need is a sugar daddy or mama. anyone? haha ahhahahahahha a

There you go girl [img]graemlins/cheering.gif[/img] You are doing good paying off a lot of those credit card debts in your 20's. I would not worry about the impending debt from the move because you have established the good habit of paying the cards off rather than ignoring it and letting it grow by only paying the minimum. We had problems similar to what you experienced with your family when we moved Linda's mother ( [img]graemlins/mad.gif[/img] I had no choice)up here. She had all these delinquent bills in her name that actually belonged to her other kids. I had lots of fun with those companies trying to get those bills discharged. Some we ended up just having to pay.

To the question:

"being broke with freedom? or having bank but being on lock down? both? one and the other? wha?"

To me the object of working or starting your own business is to gather up the financial resoures to be free to do what you want and have some of the things that I desire. Working is a means to an end not the end itself. So I must sacrifice some of my freedom to do this. I guess my answer is both. Hopefully I can sacrifice some of my freedom working on something I enjoy in order to get these financial resources. That would be perfect.

Concerning getting a sugar mama or sugar daddy check out www.sugarmama.com or www.sugardaddy.com for assistance.

-G

[ May 18, 2002, 08:42 AM: Message edited by: Gman ]

[Thomas Supstairs]

ask me this question again in about ..... 8 years .
I'm glad I still don't have to worry about this shit [img]tongue.gif[/img]