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The Value of Adversity

      Motivational writer Napoleon Hill did a study of the richest men in early 20th century America to see what caused them to succeed. He found that the only thing they had in common was overcoming a crushing adversity.
            Modern writers are also discovering the value of adversity, and it is important not to lose sight of its value when suffering through financia…

Build Your Life First

We recently saw a newspaper column by a prominent financial writer advising someone not to use his retirement savings to buy a home, but to wait until he had paid off his other debts.

We couldn’t disagree more.

We do agree that paying off debt is an important goal. It is just not the only goal. What you really want to do is build your life on a solid financial foundation and move into…

Labor Day Warning

 Next Monday, September 1, we celebrate a holiday set aside to honor working men and women, Labor Day.
 

The truth is, however, that our middle class of working people has been dishonored. The American Economic Engine seems to have gone into reverse, with middle class income dropping and labor participation rates falling. Sure, there were 2.4 million jobs created in the 3 years after…

Debt and Slavery

             This week is the sad anniversary of the introduction of slavery into the U.S. in 1619.
            Slavery, like its modern cousins socialism and communism, represents an extreme manifestation of the Money System where all of a person’s labor is taken by the Money System. The slave trade was infamous for kidnapping people through warfare or other violence.

Flying Solo

A pilot’s first solo flight is a big moment in his life. Your financial solo is a great moment in yours.

Some tips for the Journey.

 

1. You can be single without being solitary. Family, friends, co workers, and Church can  help you stay balanced financially and otherwise.

2. Don’t despise small beginnings. Most good jobs require a period of underpaid hard work as t…

Back to School Blues

 It seems like summer has only gotten started and yet it’s almost time to start another school year.
The beginning of school is a time of financial stress for many families. Kids need school supplies and larger clothes to keep up with their growth. Special activities like sports and band also require investment. Worse yet, the pitiful state of many public schools causes many parents to…

Problem Credit Card Management

        Credit card debt levels have continued their slow decline over the last several months, but credit card debt remains a major problem for many people.
            Here are a few ideas to help you manage problem credit card debt:

1. Wean yourself off of credit cards by using debit cards. After in initial pop, your  monthly overall cost will be about the same and…

College Financial Planning

With the resumption of college coming up its time for a few ideas about Finances.

1. Community colleges are cheaper and better than the first two years at a four year school. Stay home and the  only college experience you’ll miss is the student debt trap experience.

 

2. Avoid colleges which market their recreational facilities. You’ll be paying for them for the rest of your…

Payday Loans in the News

One of the Nation’s Largest Pay Day Lenders is in the news after being fined $10 million for predatory lending tactics.

Pay Day loans usually run from one paycheck to the next, with hefty fees added for each pay period when a loan is renewed. Lenders can change interest rates of over 500% per year. So if you borrow $100 and can’t repay for a year, you paid a total of $600 to t…

Summer Joblessness

Recent data shows a precipitous drop in summer employment of teens age 16-19. In 2000 about 52% had jobs. Now it is only about 32%. The minority communities are hardest hit with only 9% of low income Blacks a 15% of low income Hispanics having work.

Traditionally, summer work prepares teens to enter the adult work force and work their way up the career ladder. With a bad economy and minimum…