Consumers are feeling the pinch of a credit card crisis as card issuers raise rates and restrict credit, reports the New York Times. It’s no news to me. Even readers with excellent credit are telling me Bank of America is raising APRs and American … [Read more...]
What Kind of Credit Do You Need to Get a Credit Card Today?
October 29, 2008 By
In today's article Survive the Credit Card Crisis I talk about how credit card companies are approving fewer and fewer credit card applications. It is still possible, however, for consumers with decent credit to get new credit cards with good … [Read more...]
What Would You Do With $100,000?
October 28, 2008 By
As far as potential windfalls are concerned, a hundred grand is an interesting amount of money. It's a tidy sum for anyone to be sure, but it's hardly what Powerball jackpots and overnight retirements are made of. So, I want to know, what would you … [Read more...]
Would You Buy a New Car to Get Better Gas Mileage?
October 28, 2008 By
Even as the price of gas keeps dropping, fuel economy is still on a lot of people’s minds, and it’s certainly a selling point for auto manufacturers. Is it something you’re thinking about? … [Read more...]
Can I Cash Out my 401(k) Anytime and Take the Cash?
October 27, 2008 By
A quick clarification for a couple readers asking whether you can cash out your 401(k) and take a cash dispersal. The quick answer is no, not anytime. … [Read more...]
Peer-to-Peer Lending Hits a Roadblock
October 27, 2008 By
Update: Since writing this post, both LendingClub and Prosper are registered with the SEC and running fully for both borrowers and lenders. Two years ago I wrote several articles about peer-to-peer lender Prosper and the debt consolidation loan I … [Read more...]
Do You Believe Work Clothes are an Investment?
October 27, 2008 By
News surfaced last week about Republican donors spending over $100,000 in less than a month on vice presidential candidate Sarah Palin’s wardrobe. Now I think most prudent folks would balk at anybody dropping tens of thousands at Neiman Marcus, … [Read more...]
Quarterly Estimated Tax Payments: Who Needs to Pay Them, When, and Why
October 23, 2008 By
Finding out you owe federal income taxes at filing time is no fun, but did you know that the IRS can charge you interest and penalties if you don’t properly estimate (and pay) your taxes on at least a quarterly basis? If you’re self-employed or … [Read more...]
How to Save Money on Your Next Apartment
October 22, 2008 By
One of the ways I was able to pay off $80,000 of debt in just a few years was by cutting back on the biggest expenses in my life---including my rent. I didn't move back in with mom and dad, but I did swap living in a $1,000 a month apartment on my … [Read more...]
Will You Be Laid Off? Spot the Warning Signs
October 20, 2008 By
Fortunately, twentysomethings are not usually the first employees to be laid off when an economic downturn forces employers to cut staff. After all, relative to more experienced employees, we’re cheap. But we’re not immune from being laid off … [Read more...]
I'm David Weliver. At 26, I had NO savings and NO financial plan. I was maxed out, stressed out, and fed up. Then, I changed. I repaid $80k of debt, tripled my income, and bought a home. I'll show you how to get similar results. 