Author Topic: Is This Worth Looking Into?  (Read 6141 times)

Online mrclose

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Re: Is This Worth Looking Into?
« Reply #15 on: March 16, 2015, 04:39:43 PM »
I would highly recommend they not do this.

How much do they owe?

Around $12,000 in credit card bills.

What about consolidating all the cards to one lower interest card?

That Sears Master card is around twenty one percent interest!
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It is difficult only for the others.

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Online taxed

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Re: Is This Worth Looking Into?
« Reply #16 on: March 16, 2015, 05:39:25 PM »
Around $12,000 in credit card bills.

What about consolidating all the cards to one lower interest card?

That Sears Master card is around twenty one percent interest!

http://www.clarkhoward.com/news/clark-howard/personal-finance-credit/3-credit-cards-balance-transfer-offers-0/ncpW9/

Definitely consolidate.  I helped a few people out of some jams years ago by showing them how to transfer like this, but you have to stay on top of what cards offer the $0 transfer when the year is up to do another transfer.  It does work, but you have to stay on it and make sure they make their payments.

Online Solar

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Re: Is This Worth Looking Into?
« Reply #17 on: March 16, 2015, 05:53:29 PM »
Around $12,000 in credit card bills.

What about consolidating all the cards to one lower interest card?

That Sears Master card is around twenty one percent interest!
As Taxed said, consolidate, cut up all remaining cards, then hand her a debit card, when the account runs dry, that's it, no more toys.
#WWG1WGA

Online taxed

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Re: Is This Worth Looking Into?
« Reply #18 on: March 16, 2015, 05:56:12 PM »
As Taxed said, consolidate, cut up all remaining cards, then hand her a debit card, when the account runs dry, that's it, no more toys.

Ahh, yes, I forgot to mention that.  mrclose, UNDER NO CIRCUMSTANCES purchase anything with the new cards!  Cut them up immediately once they arrive.  If they purchase something with the new card(s), they will really get burned bad.

Offline edward222

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Re: Is This Worth Looking Into?
« Reply #19 on: April 08, 2015, 08:34:49 PM »
Contact Dave Ramsey.
http://www.daveramsey.com/home/

Who's Dave Ramsey?
What does he do? hhhhmmmm
Can you give some of his info ?

Online walkstall

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Re: Is This Worth Looking Into?
« Reply #20 on: April 08, 2015, 08:43:23 PM »
Who's Dave Ramsey?
What does he do? hhhhmmmm
Can you give some of his info ?

Hmmmmmmmmm... it not hard to find out.

http://www.bing.com/search?q=Dave+Ramsey&src=IE-TopResult&FORM=IETR02&conversationid=
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Online Solar

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Re: Is This Worth Looking Into?
« Reply #21 on: April 08, 2015, 09:10:34 PM »
Who's Dave Ramsey?
What does he do? hhhhmmmm
Can you give some of his info ?
If you want financial freedom, then take his advice as a capitalist.
I pretty much did as he did and retired in my 40s. Just work for what you want, and never borrow.

His short bio.

I have an unusual way of looking at the world. My wife, Sharon, says I'm weird, and truthfully I am weird. But there's a reason. Starting from nothing, by the time I was 26 I had a net worth of a little over a million dollars. I was making $250,000 a year. That's more than $20,000 a month net taxable income. I was really having fun. But 98 percent truth is a lie. That two percent can cause big problems, especially with $4 million in real estate. I had a lot of debt — a lot of short-term debt — and I'm the idiot who signed up for the trip.

The short version of the story is that debt caused us, over the course of two and a half years of fighting it, to lose everything. We didn't tell anyone what was going on, but if we had to do it again, we would learn from the wisdom of others who have been through it. We soon learned that we were not the only ones at the bottom. Barbie and Ken (you know, the couple who appear to be perfect—perfect clothes, perfect car, perfect house) are broke, and I don't take financial advice from broke people anymore.

After losing everything, I went on a quest to find out how money really works, how I could get control of it and how I could have confidence in handling it. I read everything I could get my hands on. I interviewed older rich people, people who made money and kept it. That quest led me to a really, really uncomfortable place: my mirror. I came to realize that my money problems, worries and shortages largely began and ended with the person in my mirror. I also realized that if I could learn to manage the character I shaved with every morning, I would win with money.

I went back to my first love, real estate, to eat and to get out of debt. Along the way, I began another path—the path of helping others, literally millions of others, take the same quest to the mirror.

I formed The Lampo Group in 1992 to counsel folks hurting from the results of financial stress. I’ve paid the "stupid tax" (mistakes with dollar signs on the end) so hopefully some of you won't have to. I wrote the book, Financial Peace, based on all that Sharon and I had learned, and I began selling it out of my car. With a friend of mine, I started a local radio call-in show called The Money Game, now nationally syndicated as The Dave Ramsey Show.

Our company history is full of landmarks including 6 best-sellers on the New York Times, Wall Street Journal and Publishers Weekly lists —and we're not slowing down. The Lampo Group now has more than 400 team members and a variety of products and services to help you reach your financial goals.

Many companies define success based on the dollars coming in, but at The Lampo Group we define our success by the number of lives changed: listeners getting out of debt, readers taking their first Baby Step and saving $1,000, FPU graduates investing for their future. We learned early on that if we help enough people, the money will come. Our mission statement isn't just lip service—it's our mantra:
#WWG1WGA

Offline supsalemgr

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Re: Is This Worth Looking Into?
« Reply #22 on: April 09, 2015, 04:42:03 AM »
Who's Dave Ramsey?
What does he do? hhhhmmmm
Can you give some of his info ?

Not knowing who Dave Ramsey indicates your news sources are questionable, but explains some of your posts.
"If you can't run with the big dawgs, stay on the porch!"

Online Solar

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Re: Is This Worth Looking Into?
« Reply #23 on: April 09, 2015, 05:24:26 AM »
Not knowing who Dave Ramsey indicates your news sources are questionable, but explains some of your posts.
Also proof he doesn't live in the US as claimed.
#WWG1WGA

Offline edward222

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Re: Is This Worth Looking Into?
« Reply #24 on: April 13, 2015, 04:12:33 AM »
If you want financial freedom, then take his advice as a capitalist.
I pretty much did as he did and retired in my 40s. Just work for what you want, and never borrow.

His short bio.

I have an unusual way of looking at the world. My wife, Sharon, says I'm weird, and truthfully I am weird. But there's a reason. Starting from nothing, by the time I was 26 I had a net worth of a little over a million dollars. I was making $250,000 a year. That's more than $20,000 a month net taxable income. I was really having fun. But 98 percent truth is a lie. That two percent can cause big problems, especially with $4 million in real estate. I had a lot of debt — a lot of short-term debt — and I'm the idiot who signed up for the trip.

The short version of the story is that debt caused us, over the course of two and a half years of fighting it, to lose everything. We didn't tell anyone what was going on, but if we had to do it again, we would learn from the wisdom of others who have been through it. We soon learned that we were not the only ones at the bottom. Barbie and Ken (you know, the couple who appear to be perfect—perfect clothes, perfect car, perfect house) are broke, and I don't take financial advice from broke people anymore.

After losing everything, I went on a quest to find out how money really works, how I could get control of it and how I could have confidence in handling it. I read everything I could get my hands on. I interviewed older rich people, people who made money and kept it. That quest led me to a really, really uncomfortable place: my mirror. I came to realize that my money problems, worries and shortages largely began and ended with the person in my mirror. I also realized that if I could learn to manage the character I shaved with every morning, I would win with money.

I went back to my first love, real estate, to eat and to get out of debt. Along the way, I began another path—the path of helping others, literally millions of others, take the same quest to the mirror.

I formed The Lampo Group in 1992 to counsel folks hurting from the results of financial stress. I’ve paid the "stupid tax" (mistakes with dollar signs on the end) so hopefully some of you won't have to. I wrote the book, Financial Peace, based on all that Sharon and I had learned, and I began selling it out of my car. With a friend of mine, I started a local radio call-in show called The Money Game, now nationally syndicated as The Dave Ramsey Show.

Our company history is full of landmarks including 6 best-sellers on the New York Times, Wall Street Journal and Publishers Weekly lists —and we're not slowing down. The Lampo Group now has more than 400 team members and a variety of products and services to help you reach your financial goals.

Many companies define success based on the dollars coming in, but at The Lampo Group we define our success by the number of lives changed: listeners getting out of debt, readers taking their first Baby Step and saving $1,000, FPU graduates investing for their future. We learned early on that if we help enough people, the money will come. Our mission statement isn't just lip service—it's our mantra:

Ohw, thanks!  :smile:
Didn't really know him,
thanks for this short bio :)

Offline edward222

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Re: Is This Worth Looking Into?
« Reply #25 on: April 13, 2015, 04:14:03 AM »
but explains some of your posts.

You really hate me, do you?  :popcorn:

Offline edward222

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Re: Is This Worth Looking Into?
« Reply #26 on: April 13, 2015, 04:15:28 AM »
Also proof he doesn't live in the US as claimed.

Your right, I'm not in US by this time :)
Spending summer here in Asia :)

Online Solar

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Re: Is This Worth Looking Into?
« Reply #27 on: April 13, 2015, 05:24:38 AM »
Your right, I'm not in US by this time :)
Spending summer here in Asia :)
The worst one can do is lie to people and get caught doing so, because retrieving ones credibility can be next to impossible..
You only get one shot at first impressions. :wink:
So just be yourself, be honest in your posts and people will give you a second chance.
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Offline supsalemgr

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Re: Is This Worth Looking Into?
« Reply #28 on: April 13, 2015, 06:03:10 AM »
You really hate me, do you?  :popcorn:

No, I don't hate you. I was just pointing out that if you are unaware of who Dave Ramsey is you are receiving your information from questionable places.
"If you can't run with the big dawgs, stay on the porch!"

Offline kroz

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Re: Is This Worth Looking Into?
« Reply #29 on: April 13, 2015, 11:36:16 AM »
I just read through this thread and found it very interesting.

You all have been giving excellent advice.  Debt is a four letter word that is dirtier than most.

Trying to change the habits of mature people can be very difficult if not impossible.  That is why it is imperative that we raise our kids to experience financial freedom in their lives.  They should have a healthy fear of debt.  That does not happen by accident.... it is cultivated.

Once irresponsible debt has been incurred, the only solution involves pain and uncharacteristic discipline.  Usually a course correction only happens when there is no alternative.

It never fails to amaze me how many otherwise rational and sane people can get so outrageously indebted.

 

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