People get debts such as a credit card debt, a personal loan or a medical debt among others. However, when experiencing difficulty in paying the debt and are looking into the viable options that you have, one needs to educate themselves about debt settlement services and what they entail. It is also essential that one gets to know more about some of the best debt settlement companies that are available. To begin with, debt settlement involves getting into a program with a debt settlement company. The company then gets to engage with the creditor thereby trying to negotiate on behalf of the person who owes
Student loans exist to help financially needy students get through college. Sometimes grants and scholarships do not cover the whole tuition fee, or you fail to get them. The next option you have is to consider getting a student loan. Well, both the government and private banks offer loans, but the government has more friendly terms such as lower interest. Let us look at the best student loans to consider. 1. Government/federal loans There is a variety of loans within the federal government. Apart from the loans offering lower, fixed interest, they give borrowers several repayment plans. Your credit history is not a requirement when
Happy birthday to me! Today I turn 49. Here’s a photo from my third birthday. (I’m tucked just behind Mom, opening a present.) To celebrate my 49th birthday, I want to share 49 nuggets of wisdom I’ve picked up during my time on this Earth. These are things I’ve found to be true for me — and, I believe, for most other people. (But, as always, remember that each of us is different. What works for me may not work for you.) For obvious reasons, some of these notions overlap with the core tenets of the Get Rich Slowly philosophy. Plus, long-time readers will recognize
Whenever you make a choice, there’s a cost. By choosing to buy one item, you pass on the opportunity to purchase other items. By choosing to do one thing, you pass on the opportunity to spend your time on anything else. Opportunity cost is what we give up in order to have the thing we choose. Let’s look at an example. Imagine you own a delivery company. You have $10,000 to spend on new equipment. You could buy a new truck to add to the fleet, but then you wouldn’t be able to replace the ten-year-old computers in the main office. But if you buy
Over the past decade, I’ve attended a variety of camps and conferences to speak to people about money. Most of these events are money-related, but every once in a while I’m asked to speak at a non-financial function. In 2011, for instance, I was on a panel at the International Game Developers Association summit, which is a conference for videogame designers. (How perfect for nerdy ol’ me!) My colleagues and I spent an hour discussing the “gamification” of personal finance — learning to manage money using techniques more commonly associated with games. Think of your favorite games — especially video games. What makes them fun?
As you spend less and earn more, you’ll begin to earn a profit and save more money. Maybe at first you’ll have a few dollars per month in surplus. Eventually, however, you’ll find that you’re saving 10%, 20%, or even 50% of your everything you earn. The average person spends his surplus on whatever wants come to mind. Instead of using the money to get ahead, he stays in the same place. Or, worse, he falls behind by taking on debt. A smart money manager puts her profit to use by investing for the future. At first, you’ll pursue short-term goals. If you’re in debt,
At Get Rich Slowly, my goal is to help you make the best possible decisions with your income and spending. Having said that, we’re all human. We all mistakes. We all do dumb things with money. And I feel like April Fools’ Day is the perfect time to talk about some of the stupid things we’ve done in the past. Let me give you an example (or three) from my own life. To begin, I’ll retell a classic tale of my financial foolishness, one that has delighted my readers for over a decade. It’s all about how I paid $1500 for a “free” Frisbee. The