I have been making money in internet marketing for several years now. It is a great opportunity since all you really need is a computer and an internet connection.
Thanks for the comment. As I say in my article, some insurance is essential - that's the kind that protects you from things you could never pay for. But I think people insure a lot more things than they need to, like loans and credit cards and airline tickets and cheap old cars. What they're paying for is peace of mind. And I think that's stupid:-) As for health insurance, I live in Canada. For the most part, I can get patched up for free. For those in the U.S., that one's definitely essential too.
Agree with everything but the insurance. If I had to guess, you've never been in a life-threatening car accident, or health problem.
Once you've seen the potential costs and damage it can do to your finances (assuming you even survive), the cost of insurance pales in comparison.
It's not just peace of mind you buy with insurance, it's the ability to save yourself in the absolute worst case scenario. Certainly, over a long enough timeframe, if for example you only have one major car accident, say in your 30s, you've spent much more on insurance than you've benefited from. However, if you didn't have the insurance and your finances were completely demolished in your 30s, you may never recover enough to earn the money you were counting on to offset the "cost" of insurance over that long timeframe.
If you've been there, you understand. I'll be interested in hearing your opinions on insurance in 10-15 years once you've experienced disaster-averted for yourself.
There's a fine line between being practical and being a dreamer. For every successful genius, there are millions of failures about whom you never hear.
Following your dream is good. Ensuring body and soul stay together while doing so is even better.
Sorry about that, Heather. We publish this post after the feed email has been sent out, so it does get included in the next day's email. However, if you subscribe to our Best Deals newsletter, you'll get our deals same day, the minute they're posted! http://www.wisebread.com/bestdeals/today
I'm surprised to see some people wouldn't ding their credit - I absolutely would. Those that wouldn't are in essence paying the amount of interest they're charged to keep their score higher. Or, in the flip side, I'd choose to pay myself interest payments i'm no longer making to have a lower score.
Peanut butter and nuts are a great healthy snack that is filled with a lot of protein. I eat these things to keep myself away from eating candy and sweets
I subscribed to your blog by email and just have one gripe. The emails appear to be a day late. For example, today (Thursday 11/7) I received an email about top Amazon deals for Wednesday 11/6. This happens regularly and is disappointing because by the time I get the email, the deals are no good. Wasn't sure if you were aware that it seems to happen like this, so just an FYI.
All of a sudden my cable and Internet bill through Charter increased by $13.00.
I was originally paying $105 which is rediculious. I am a low income college student and work part time. Therefore I need to have Internet service in order to complete assignments. As far as cable goes, I only want basic cable.( I mean basic like how it used to be 15 years). Can anyone suggest a service that is affordable as I can't afford to pay this amount?
Thank you!
Jennifer
I know this is an old article, but "regardless of your views about global warming," really? You don't get to have "views" on scientific evidence, by its nature.
If you have so much debt it wouldn't be possible to pay it off in 10 years, then it would be worth the credit ding. But if it is possible to get it manageable or paid off in under 10 years then it makes more sense to protect your credit and make a plan to pay it.
Yummy and February sounds a perfect time of year to have the dish again & shoo away the blues. My favorite way to cook & eat "sweet taters." Letting them bake until juice is running outside the skins is heavenly eating, too.
I would only ding my credit to get out of debt if I truly couldn't afford to repay it, and then my credit score would already be low anyway. You took on the debt, you should pay it, and not sacrifice your credit score just to get out of doing what you agreed to do (pay it back). That's dishonest. Have some integrity and honor your commitments!
No way would I ding my credit to get out of debt. Totally NOT worth it! Bankruptcy stays on your record for 5 years or longer depending on which chapter you file. If I had that much debt, I would get on a spending plan ASAP especially since having good or decent credit is based on a lot of things these days: certain jobs, good car insurance/home insurance deals car loans, personal loans/student loans bank accounts and more credit lines etc. I live by the mantra: if I can't afford it out right I don't need it! And if its a true emergency that's what the emergency savings accounts are for!
I have been making money in internet marketing for several years now. It is a great opportunity since all you really need is a computer and an internet connection.
Thanks Will! I always enjoy getting to hang out with you and Greg!
I would take a ding on my credit score to be mortgage-free. But not for something small like credit card debt.
Thanks for the comment. As I say in my article, some insurance is essential - that's the kind that protects you from things you could never pay for. But I think people insure a lot more things than they need to, like loans and credit cards and airline tickets and cheap old cars. What they're paying for is peace of mind. And I think that's stupid:-) As for health insurance, I live in Canada. For the most part, I can get patched up for free. For those in the U.S., that one's definitely essential too.
I do the same -- they are high in calories but better for you than many other types of snacks.
Depends how much debt I had but I would enough to feed my family
Glad to hear that these foods are keeping you healthy!
I would not ding my credit to get out of debt. I would try and do it another way.
Agree with everything but the insurance. If I had to guess, you've never been in a life-threatening car accident, or health problem.
Once you've seen the potential costs and damage it can do to your finances (assuming you even survive), the cost of insurance pales in comparison.
It's not just peace of mind you buy with insurance, it's the ability to save yourself in the absolute worst case scenario. Certainly, over a long enough timeframe, if for example you only have one major car accident, say in your 30s, you've spent much more on insurance than you've benefited from. However, if you didn't have the insurance and your finances were completely demolished in your 30s, you may never recover enough to earn the money you were counting on to offset the "cost" of insurance over that long timeframe.
If you've been there, you understand. I'll be interested in hearing your opinions on insurance in 10-15 years once you've experienced disaster-averted for yourself.
There's a fine line between being practical and being a dreamer. For every successful genius, there are millions of failures about whom you never hear.
Following your dream is good. Ensuring body and soul stay together while doing so is even better.
I wouldn't do it. Unfortunately, credit score is hard to build and we need to keep in high for future financial decisions.
I'd rather spend less and pay the debt.
Sorry about that, Heather. We publish this post after the feed email has been sent out, so it does get included in the next day's email. However, if you subscribe to our Best Deals newsletter, you'll get our deals same day, the minute they're posted! http://www.wisebread.com/bestdeals/today
It was a blast attending FinCon with you Ashley! You were amazing. =)
-- Will
I'm surprised to see some people wouldn't ding their credit - I absolutely would. Those that wouldn't are in essence paying the amount of interest they're charged to keep their score higher. Or, in the flip side, I'd choose to pay myself interest payments i'm no longer making to have a lower score.
This list pretty much comprises my ENTIRE diet. According to my last physical I'm SUPER healthy so let me assure you, it works!
Peanut butter and nuts are a great healthy snack that is filled with a lot of protein. I eat these things to keep myself away from eating candy and sweets
I read some articles that you mentioned and I found them really very effective.
I subscribed to your blog by email and just have one gripe. The emails appear to be a day late. For example, today (Thursday 11/7) I received an email about top Amazon deals for Wednesday 11/6. This happens regularly and is disappointing because by the time I get the email, the deals are no good. Wasn't sure if you were aware that it seems to happen like this, so just an FYI.
All of a sudden my cable and Internet bill through Charter increased by $13.00.
I was originally paying $105 which is rediculious. I am a low income college student and work part time. Therefore I need to have Internet service in order to complete assignments. As far as cable goes, I only want basic cable.( I mean basic like how it used to be 15 years). Can anyone suggest a service that is affordable as I can't afford to pay this amount?
Thank you!
Jennifer
I know this is an old article, but "regardless of your views about global warming," really? You don't get to have "views" on scientific evidence, by its nature.
If you have so much debt it wouldn't be possible to pay it off in 10 years, then it would be worth the credit ding. But if it is possible to get it manageable or paid off in under 10 years then it makes more sense to protect your credit and make a plan to pay it.
Yummy and February sounds a perfect time of year to have the dish again & shoo away the blues. My favorite way to cook & eat "sweet taters." Letting them bake until juice is running outside the skins is heavenly eating, too.
I would only ding my credit to get out of debt if I truly couldn't afford to repay it, and then my credit score would already be low anyway. You took on the debt, you should pay it, and not sacrifice your credit score just to get out of doing what you agreed to do (pay it back). That's dishonest. Have some integrity and honor your commitments!
No way would I ding my credit to get out of debt. Totally NOT worth it! Bankruptcy stays on your record for 5 years or longer depending on which chapter you file. If I had that much debt, I would get on a spending plan ASAP especially since having good or decent credit is based on a lot of things these days: certain jobs, good car insurance/home insurance deals car loans, personal loans/student loans bank accounts and more credit lines etc. I live by the mantra: if I can't afford it out right I don't need it! And if its a true emergency that's what the emergency savings accounts are for!
I really wouldn't want to do it. I'd have to research all the options before I'd make that move.