What an excellent list! There a few things on this list that I could do better with, most specifically the ‘good enough.’ When I strive for perfection, I do tend to stall in my tracks or end up stressed out.
I would take a credit ding to pay off my debt, absolutely. I can repair my credit, even if it does take a long time. But to free up cash flow sooner at the expense of my credit? Definitely.
I apologised but I could see he lost his interest. This was way back after I graduated from college. Since then I became very cautious and I sit and practice in front of the mirror, sometimes I even use the PC to record my voice as I am practising my answers so as I can judge myself and be more careful. After that episode, I learnt to pass all my interviews .
I have a netSpend account and I'm about ready to cancel it. Everytime I buy something using my card, they charge me a fee for using it. I think that's ridiculous.
Years ago, I dinged my credit getting into debt. I took three years and paid of everything using the Dave Ramsey method. It was not the easy or fun path, but I believe it was the right path. Now we are debt free, my credit score is free of dings, and I teach my children the perils of debt every chance I get.
Hummm........it should be said their is nothing evil about making a "honest" profit. Not trying to rip someone off and kick them to the curb. That is the bad side of Capitalism and why our country is in the sad state its in. Greed!
I would ding my credit to get out of debt. I would rather be out of debt first. I'f I'm out of debt and pay cash for everything then it doesn't matter much to me what my credit score is.
That is a really vague question. How big a ding and how big a debt? I would probably do the math- would the score hit cost me more over the long term than the debt does. On the other hand, getting rid of my student loans would feel good.
Being debt-free is more important. You really should have to rely on your credit score - and if you keep working on your debt load, that "ding" is only temporary. Probably a lot less time than staying in debt.
Setting goals are important if you won't to move positively forward in life. Start with one goal and stay with it until it becomes a part of your every day life. In the early stages, don't give up or throw in the towel, because just around the corner it can be accomplish. Changes in life are never easily, but are necessary, in order to continue to grow and become a better person. Love the article! Thanks!
It really all depends on your future goals and plans in life. I am in my late 20s and I would't ding my credit for it because I know that I have the next 35-40 working years left to fix my debt myself. While a couple in their late 60's may already have their house and cars paid for. They would benefit from debt relief because they will not need a high credit score long term.
Shoes. Always look for shoes. I find tons of brand new shoes at a fraction of the price. Just the other day I found brand new Toms for $8 and resold them for $45.
With out a doubt I would take a hit on my credit score to wipe out credit ... why? Because my intention would to NOT have any more credit for awhile (if needed for a house etc) and credit can be repaired. Having been hit hard by the recession - there is no better feeling than knowing you are debt free. I say this with out knowing all the actual numbers (would not take a 50 pt hit to wipe out $500 in debt for instance) Its been 3yrs since our credit was critically wounded. We are debt free and our credit is better than before.
Positive cashflow beats anticipated returns on investments every day of the month. It's the upfront costs and time it takes to generate cashflow investements vs. retirement accts. you have to be aware of. I've been a Landlord for 7yrs now so I can speak from experience.
What an excellent list! There a few things on this list that I could do better with, most specifically the ‘good enough.’ When I strive for perfection, I do tend to stall in my tracks or end up stressed out.
I probably would, depending on how much debt it was.
I would take a credit ding to pay off my debt, absolutely. I can repair my credit, even if it does take a long time. But to free up cash flow sooner at the expense of my credit? Definitely.
I apologised but I could see he lost his interest. This was way back after I graduated from college. Since then I became very cautious and I sit and practice in front of the mirror, sometimes I even use the PC to record my voice as I am practising my answers so as I can judge myself and be more careful. After that episode, I learnt to pass all my interviews .
Interesting article.
I have a netSpend account and I'm about ready to cancel it. Everytime I buy something using my card, they charge me a fee for using it. I think that's ridiculous.
Years ago, I dinged my credit getting into debt. I took three years and paid of everything using the Dave Ramsey method. It was not the easy or fun path, but I believe it was the right path. Now we are debt free, my credit score is free of dings, and I teach my children the perils of debt every chance I get.
I woud ding my credit to become credit free........H U R R AY!!!
Hummm........it should be said their is nothing evil about making a "honest" profit. Not trying to rip someone off and kick them to the curb. That is the bad side of Capitalism and why our country is in the sad state its in. Greed!
Being debt free is important to me but that being said I would ding my credit score.
I would ding my credit to get out of debt. I would rather be out of debt first. I'f I'm out of debt and pay cash for everything then it doesn't matter much to me what my credit score is.
I would not not ding my credit if that means not paying back every penny. Paying my debts is part of keeping my word.
That is a really vague question. How big a ding and how big a debt? I would probably do the math- would the score hit cost me more over the long term than the debt does. On the other hand, getting rid of my student loans would feel good.
Being debt-free is more important. You really should have to rely on your credit score - and if you keep working on your debt load, that "ding" is only temporary. Probably a lot less time than staying in debt.
Wetvac worked perfectly for me. Word to the wise - second time I've fixed a kitchen drain with eggshells being the culprit.
Chemicals and plunger did not work for me. Now it's messed up my dishwasher. Onto the next challenge.
Setting goals are important if you won't to move positively forward in life. Start with one goal and stay with it until it becomes a part of your every day life. In the early stages, don't give up or throw in the towel, because just around the corner it can be accomplish. Changes in life are never easily, but are necessary, in order to continue to grow and become a better person. Love the article! Thanks!
It really all depends on your future goals and plans in life. I am in my late 20s and I would't ding my credit for it because I know that I have the next 35-40 working years left to fix my debt myself. While a couple in their late 60's may already have their house and cars paid for. They would benefit from debt relief because they will not need a high credit score long term.
I would ding it if it only lasted for a few months, otherwise no
I look forward to reading this book.
I would have to be in very, very deep debt before I would consider a ding to my credit rating worth the trade-off for debt relief.
Shoes. Always look for shoes. I find tons of brand new shoes at a fraction of the price. Just the other day I found brand new Toms for $8 and resold them for $45.
Sounds like a great read. Hope to win!
With out a doubt I would take a hit on my credit score to wipe out credit ... why? Because my intention would to NOT have any more credit for awhile (if needed for a house etc) and credit can be repaired. Having been hit hard by the recession - there is no better feeling than knowing you are debt free. I say this with out knowing all the actual numbers (would not take a 50 pt hit to wipe out $500 in debt for instance) Its been 3yrs since our credit was critically wounded. We are debt free and our credit is better than before.
Positive cashflow beats anticipated returns on investments every day of the month. It's the upfront costs and time it takes to generate cashflow investements vs. retirement accts. you have to be aware of. I've been a Landlord for 7yrs now so I can speak from experience.
I would ding my credit to get out of debt, to be debt free would give you more piece of mind than a ding on your credit.