Should I save money or pay off debt?

Should I save my money or pay off my debt? Have you ever found yourself asking this question before? Let us say, you have a debt (car loans, home loans, credit card debts, mortgage, et cetera) of $888 which is due today, and your creditor is expected you to collect that amount of money from you, will you pay off that debt? Or you will save that money and just pay the penalties or interests? If I will be the one to be asked, I will definitely pay first my obligations that are due before I will set extra money for my savings. Some people will try to save money and choose to pay interests instead of paying the principal loans thinking that Read more

How to Simply Avoid Debt Using this Equation?

Avoid debt now! If you haven’t avoided it yet, the earliest period to start is NOW! In my previous article entitled “the secret formula to get out of debt”, I have revealed how a simple accounting equation will help us get out of our debts. In this article, we will tackle further this formula and learn how to simply apply it to avoid having debts. Of course, our goal to eradicate our liabilities and obligations require a lot of great debt management principles and attitudes. Great as I say, yet they are basic and simple. This is the essence of fundamentalism – finding solutions between the roots. To simply avoid debt Read more

How to win your war against debt?

I understand that in every battle, time is an essence. Hence, this will be a quick article for everyone to read. In a short time, the reader will be able to know how to win his war against his debts, as well as his financial freedom. The following are the keys to defeat debts:

Prevent the battle
Prevention is still the best cure even as against our debts. The supreme warrior is one that can win a war without going into a battle. This is possible through planning and making precise calculations. The person who wins is the person who has the best Read more

The secret formula to get out of debt

What is the real secret formula to get out of debt? Actually there is no secret formula to be free from your creditors. There are just some basic financial formulas. But because most people often forget the basic things, those formulas were putted into oblivion. They are ignored and become secrets to people who subsequently become unaware of them. Now let’s uncover again these secret formulas to successfully overcome our debts.

Knowing is good, but understanding is better. That’s why, let’s not just memorize the following Read more

10 Attitudes that Help You Get Out of Debt

Do you want to get out from your debts? Then read this article. It may sounds very basic, but these principles are the most forgotten ones. We resorted to the sophistication (or may I say complication) of debt consolidation, payday loans, et cetera to gain financial freedom; but the truth is, they only make our debts worse. Your income is high yet you still get stuck on financial obligations.  Your expenses are small, but still you are a debt defying person. Some says it’s not what you earn, but it is what you spend that defines debt. The truth is, both what you earn and what you spend affect your debts. Your earnings and Read more

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