Tag: Debt Reduction
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Wow..Debt Really is a Motivator
Tweet Have you ever noticed at a gym that there are three types of people? There’s the person who is self motivated and can push themselves on their own. Second, there’s the person that needs constant positive reinforcement, ie “You’re doing a great job, awesome, keep it up!” Third, there’s the person who is…
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Is Optimism Bad for Personal Finance?
Tweet Frugal Dad wrote a post the other day about doing Financial Fire Drills. Essentially, he said that periodically you should pretend like you’ve had an emergency and see how long you’d be able to last without income. He actually brings up some excellent points about the added costs of unemployment such as higher insurance…
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Pay off Debt to Help the Economy
Tweet Thanks to my humble upbringings, I’m not a big fan of consumer debt. In fact, I’ll go so far as saying that lending too much money has hurt the economy, not helped it. Many economists and even our President strongly disagree. When President Obama addressed congress last year, in the same breath, he said…