Several debt management strategies can be implemented that will put you on the path to accumulating wealth. I would like to take a look at several types of debt and begin to dissect them. Finally, I will make a recommendation as to one possible way to attack your debt. How Much Debt Do Folks Have? While the total outstanding debt on a national basis is a record $15.84 trillion, including mortgages, here is a list of the average amounts of outstanding debt by age group, excluding mortgage … [Read more...] about How Proper Debt Management Will Make You Wealthy
Steve Calabrese
Nine Strategies for a Debt-Free Life
A debt-free life, what would that be like and how do you achieve it? Living debt-free is a life that is stress-free. A stress-free life is something that you can become comfortable with. Once you achieve such a goal, you will never go back. Detailed below is how you can achieve a debt-free life. LIVE ON LESS THAN YOU MAKE This tip sounds simple, but it is not for many people. Most want to keep up with the Joneses. Trust me, the Joneses are not having fun. They are actually broke! If … [Read more...] about Nine Strategies for a Debt-Free Life
Beneficiaries: Why are They Important?
A task often overlooked by many is making certain that a beneficiary is named for important financial assets. If you love your loved one, do it now. Get your affairs in order. It makes no difference how old you are. This must be done for a number of reasons. The No. 1 reason is to make sure that you have provided for your loved ones. A second reason is that your wishes will be followed. If you don’t do this, the state will decide. Your loved ones will need to show proof that they have a … [Read more...] about Beneficiaries: Why are They Important?
Having a Say in Where Your Tax Dollars Go
Do you like the way the folks in Phoenix spend your tax dollars? Well, there is a way you can direct your tax dollars. They can be kept local. You have the power to make it happen. In Arizona, you can make a donation to a qualified organization and receive a dollar for dollar credit against the Arizona state tax you owe. This donation will put you in a situation where you will be in what is considered a tax neutral position. In other words, you will have satisfied your tax liability by making … [Read more...] about Having a Say in Where Your Tax Dollars Go