A Foolproof Guide to Avoid Soul Crushing Debt
This guest post was contributed by Jane Sanders, who writes about debt management and other personal finance topics at DebtManagement.net.
“A man in debt is so far a slave” – Ralph Waldo Emerson
One of the greatest hardships a person can face is being burdened by debt. In addition to paying off the original loan, interest (often at extremely high rates) continues to add to the total, making the ultimate pay off far higher than what was borrowed in the first place.
Having debt robs a person of freedom. They can’t leave a job they don’t like to pursue a new career, bad credit often prevents them from buying essentials like a home or a car, and it hangs over them for years, chipping away at the amount they can spend and save. It also creates stress, because someone with a great deal of debt is only one misfortune away from bankruptcy.
Fortunately, debt problems are completely avoidable. All it takes is an understanding of the seriousness of debt and some personal restraint. Read the Rest of This Article »
10 Money Myths That Keep You From Making Big Money: Myth 3
“I Can’t Do My (business, art, purpose, mission) Without Funding First!”
This is probably the number one money myth that drives us away from living our dreams, passions, and true talent and consequently realizing abundant wealth from those gifts and inspiration. And it is not only a major money myth, but it is a big fat convenient excuse keeping you from investing in yourself.
I know that many of you are going to be totally offended at this one. But if you really want to live your purpose, your gift, your talent— nothing, and I mean nothing, should stop you or distract you. The biggest myth that Power Brokers Perched atop the Mountain of Money (most all of it paid to them by us); is that you must have funding to accomplish your dreams. There is only room for one real dream and that’s theirs. Read the Rest of This Article »
10 Money Myths That Stop You From Making Big Money: Myth 1
PickTheBrain is proud to present a 10 Part series, written by Deborah S. Nelson of Author Your Dreams.
Money Myth 1: “I Can’t Afford It!”
Can’t afford It.” How many times do we repeat this in a day? It has been astutely stated, “possession is nine-tenths of the law.”
It is also the basic tenant of advertising that by repeating something over and over again, it becomes truth.
Let’s face it: 50 years ago, no one needed deodorant. Mankind survived for thousands and thousands of years without it. Suddenly in the past 50 years, deodorant is an absolute necessity in polite culture.
So how did that happen? Repetition creates reality; and using mass communications, repetition created the “deodorant reality” for millions of people. Read the Rest of This Article »
9 Steps to Starting a Small Part-time Business
Image courtesy of W. Kozak
Starting your own small business can seem like a daunting task at first. This is why many people never attempt it. However, if you break up your duties into smaller tasks, it doesn’t have to be overwhelming. In fact, if you follow these steps to starting a small business you may find that you’re a profitable entrepreneur in no time.
While you may not have to complete all of these steps, or complete them in this exact order, the following list should give you a better idea about the things you should be thinking about and planning for your business start up.
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Timely Expenses are Wise Expenses
One of my favorite posts on this blog is the one that is titled “It’s Ok to Spend Money on Stuff You Love”, simply because it vindicates my position in the standoff that I currently have going on with my spouse. I feel that it’s ok to spend on the things that we both enjoy while he insists that they’re frivolous expenses and that we need to save our money for the future. While I see the wisdom in his point of view, I also feel that the money we earn after much hardship and struggle is best used in a timely manner. Read the Rest of This Article »
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