#debt-management
#debt-management

Should We Pull Money From Our 401(k) to Eliminate Our Credit Card Debt?

Consider the long-term costs of withdrawing from retirement accounts to pay down debt.

Anonymous millionaire shares 10 things he does to stay successful

Financial discipline and living below your means are critical for becoming a millionaire.

Avoid bad debt and focus on long-term planning to build wealth.

Career

The 7 Obvious Signs You're Poor Despite "Looking Rich"

Many people misrepresent their financial status by appearing wealthy while they are actually in debt.

Key indicators of pretending to be rich include a high debt-to-income ratio, lack of emergency savings, and excessive credit card usage.

I'm mid-40s and was making $100k a year until I lost my job - what should I do with the $25k in car loans I have?

Job loss can significantly impact financial stability, leading to debt despite prior financial fitness.

Selling a house may not alleviate debt due to high mortgage rates.

I Used to Think Paying Off My Mortgage Early Was Always Best, but These 10 Factors Changed My Strategy

Paying off a mortgage early may not justify the financial trade-offs involved.

Dave Ramsey Slammed My Decisions After Making $170K a Year

Mindset and spending habits play a vital role in managing debt, regardless of high income.

Should We Pull Money From Our 401(k) to Eliminate Our Credit Card Debt?

Consider the long-term costs of withdrawing from retirement accounts to pay down debt.

Anonymous millionaire shares 10 things he does to stay successful

Financial discipline and living below your means are critical for becoming a millionaire.

Avoid bad debt and focus on long-term planning to build wealth.

Career

The 7 Obvious Signs You're Poor Despite "Looking Rich"

Many people misrepresent their financial status by appearing wealthy while they are actually in debt.

Key indicators of pretending to be rich include a high debt-to-income ratio, lack of emergency savings, and excessive credit card usage.

I'm mid-40s and was making $100k a year until I lost my job - what should I do with the $25k in car loans I have?

Job loss can significantly impact financial stability, leading to debt despite prior financial fitness.

Selling a house may not alleviate debt due to high mortgage rates.

I Used to Think Paying Off My Mortgage Early Was Always Best, but These 10 Factors Changed My Strategy

Paying off a mortgage early may not justify the financial trade-offs involved.

fromInside Higher Ed | Higher Education News, Events and Jobs

Dave Ramsey Slammed My Decisions After Making $170K a Year

Mindset and spending habits play a vital role in managing debt, regardless of high income.

more#personal-finance

Higher education

12 hours ago

Student Loan Overhaul Clears House Committee

House Republicans advanced a controversial bill over Democrats' objections that would significantly alter student aid and increase college costs for low-income students.

5 Baby Boomer Money Myths That Have Been Totally Debunked

Understanding and debunking baby boomer money myths can help improve long-term financial strategies.

Digital life

Seriously, get and use a credit card. There are 5 big reasons they're better

Credit cards are integral to American financial life; 82% of adults use them for managing expenses and larger purchases.

Miscellaneous

fromTechCrunch

Wall Street banks plan sale of X debt at a discount | TechCrunch

Bankers are seeking to offload debt from Elon Musk's social network amid financial volatility and advertiser concerns.

1 day ago

Retirement

This Once Dominant Dividend Stock Is About To Come Back to Life

AT&T may soon increase its dividend as it improves financially and reduces debt after past cuts.

Cryptocurrency

Ramsey Said "A High Credit Score Does Not Equal Success", And He's Sort of Right, But There Are Big Benefits.

A high credit score doesn't guarantee financial success, but building credit remains important for opportunities.

2 days ago

Retirement

I Stopped Using Credit Cards - Here's How It Changed My Spending Habits

Credit cards can harm finances if mismanaged, leading to debt and damaged credit scores.

5 Baby Boomer Money Myths That Have Been Totally Debunked

Understanding and debunking baby boomer money myths can help improve long-term financial strategies.

Digital life

Seriously, get and use a credit card. There are 5 big reasons they're better

Credit cards are integral to American financial life; 82% of adults use them for managing expenses and larger purchases.

Miscellaneous

fromTechCrunch

Wall Street banks plan sale of X debt at a discount | TechCrunch

Bankers are seeking to offload debt from Elon Musk's social network amid financial volatility and advertiser concerns.

1 day ago

Retirement

This Once Dominant Dividend Stock Is About To Come Back to Life

AT&T may soon increase its dividend as it improves financially and reduces debt after past cuts.

Cryptocurrency

Ramsey Said "A High Credit Score Does Not Equal Success", And He's Sort of Right, But There Are Big Benefits.

A high credit score doesn't guarantee financial success, but building credit remains important for opportunities.

2 days ago

Retirement

I Stopped Using Credit Cards - Here's How It Changed My Spending Habits

Credit cards can harm finances if mismanaged, leading to debt and damaged credit scores.

Retirement

Dave Ramsey: Do These 5 Things Now to Achieve Wealth Within a Decade

Adhering to five financial principles ensures wealth creation, according to Dave Ramsey.

Mental health

UNDERSTANDING THE BASICS OF FINANCIAL LITERACY

Financial literacy enables informed choices, crucial for avoiding debt and fraud.

5 days ago

Mental health

Dave Ramsey says "cut up the credit cards and stop screwing around" to a guy who's making $200k but carrying $8k in debt

The way you discuss money reflects your financial mindset and circumstances.

Managing debt proactively leads to financial stability and peace of mind.

Retirement

Dave Ramsey: Do These 5 Things Now to Achieve Wealth Within a Decade

Adhering to five financial principles ensures wealth creation, according to Dave Ramsey.

Mental health

UNDERSTANDING THE BASICS OF FINANCIAL LITERACY

Financial literacy enables informed choices, crucial for avoiding debt and fraud.

5 days ago

Mental health

Dave Ramsey says "cut up the credit cards and stop screwing around" to a guy who's making $200k but carrying $8k in debt

The way you discuss money reflects your financial mindset and circumstances.

Managing debt proactively leads to financial stability and peace of mind.

Zero-Interest Credit Cards: The Ultimate Financial Hack or Financial Grenade?

Zero-interest credit cards may provide short-term relief but could lead to high long-term costs if not managed properly.

Mental health

Americans Now Have $1.21 Trillion of Credit Card Debt, the Highest on Record - 7 Ways to Make Sure You Don't Take on Too Much

American credit card debt exceeded $1.21 trillion by the end of 2024, prompting a need for new debt management strategies.

Mental health

There Is Nothing Wrong With Credit Cards - You're Just Using Them Wrong

Use credit cards responsibly to avoid financial pitfalls.

Paying off your balance monthly is crucial to maintaining good credit.

Correct myths about credit cards to make informed decisions.

1 week ago

Women

My Sister-in-Law Ran Up $12K on Our Credit Card - How Can We Recover the Money?

Family-related financial fraud can cause emotional turmoil and complicate relationships.

Authorized users can create legitimate but harmful financial obligations if misused.

Miscellaneous

Debt Snowball vs Avalanche Method: Which Debt Payoff Method Actually Leads to Better Outcomes?

Choosing the right debt repayment strategy can alleviate emotional stress and save money.

The snowball method focuses on small debts for motivation, while the avalanche method prioritizes higher interest debts for financial savings.

Online marketing

I see a lot of of "$200 cash back if you spend $2000 in 6 months" kind of deals. Are these worth it?

Credit card bonuses can be beneficial if used responsibly.

User discipline is essential to avoid credit card debt.

Cryptocurrency

Zero-Interest Credit Cards: The Ultimate Financial Hack or Financial Grenade?

Zero-interest credit cards may provide short-term relief but could lead to high long-term costs if not managed properly.

Mental health

Americans Now Have $1.21 Trillion of Credit Card Debt, the Highest on Record - 7 Ways to Make Sure You Don't Take on Too Much

American credit card debt exceeded $1.21 trillion by the end of 2024, prompting a need for new debt management strategies.

Mental health

There Is Nothing Wrong With Credit Cards - You're Just Using Them Wrong

Use credit cards responsibly to avoid financial pitfalls.

Paying off your balance monthly is crucial to maintaining good credit.

Correct myths about credit cards to make informed decisions.

1 week ago

Women

My Sister-in-Law Ran Up $12K on Our Credit Card - How Can We Recover the Money?

Family-related financial fraud can cause emotional turmoil and complicate relationships.

Authorized users can create legitimate but harmful financial obligations if misused.

Miscellaneous

Debt Snowball vs Avalanche Method: Which Debt Payoff Method Actually Leads to Better Outcomes?

Choosing the right debt repayment strategy can alleviate emotional stress and save money.

The snowball method focuses on small debts for motivation, while the avalanche method prioritizes higher interest debts for financial savings.

Online marketing

I see a lot of of "$200 cash back if you spend $2000 in 6 months" kind of deals. Are these worth it?

Credit card bonuses can be beneficial if used responsibly.

User discipline is essential to avoid credit card debt.

Higher education

These Are the States with the Highest Student Loan Debt per Capita

The U.S. Department of Education will restart federal student loan collections on May 5, 2025, after a long pause due to the pandemic.

4 weeks ago

Cryptocurrency

Should I Pay Off My $23,000 Student Loans or Invest Instead?

Investing is often more beneficial than early repayment of student loans due to favorable interest rates and tax deductions.

1 week ago

Higher education

These Are the States with the Highest Student Loan Debt per Capita

The U.S. Department of Education will restart federal student loan collections on May 5, 2025, after a long pause due to the pandemic.

4 weeks ago

Cryptocurrency

Should I Pay Off My $23,000 Student Loans or Invest Instead?

Investing is often more beneficial than early repayment of student loans due to favorable interest rates and tax deductions.

Dave Ramsey Names The 6 Things Your Money Needs Right Now

Dave Ramsey's financial advice helps individuals manage debt, especially in tough economic times.

Retirement

Should I withdraw from my 401k to pay off $16k in credit card debt at 24% interest?

Withdrawing from a 401(k) for debt poses significant financial risks.

Exploring alternatives to manage debt is crucial for long-term security.

Business

Dave Ramsey Talks About Getting Out Of Debt, But You Can Go One Step Further And Make Your Money Work For You

Debt significantly hinders wealth building efforts.

High Yield Savings Accounts can provide returns while maintaining liquidity.

It's advisable for individuals to prioritize debt elimination before investing.

Business

43-year-old woman calls Suze Orman asking if she can pull from her 401(k) that has $100k in it to pay off loans - hear what she says

Withdrawing from a 401(k) for debt repayment can severely hinder retirement savings due to taxes and penalties.

Miscellaneous

My father-in-law strongly dislikes debt and he wants to give us $1 million and I'm not sure we should accept it from him

Accepting a large gift from supportive in-laws can alleviate debt stress and provide financial stability, especially in a high mortgage rate environment.

Business

I know that paying off the mortgage and investing is both important - hear which one Dave Ramsey thinks is more important

It's possible to pay off a mortgage while still saving for retirement if one adjusts their lifestyle.

Dave Ramsey suggests making lifestyle cuts to allocate more funds towards mortgage payments without neglecting retirement savings.

Dave Ramsey Names The 6 Things Your Money Needs Right Now

Dave Ramsey's financial advice helps individuals manage debt, especially in tough economic times.

Retirement

Should I withdraw from my 401k to pay off $16k in credit card debt at 24% interest?

Withdrawing from a 401(k) for debt poses significant financial risks.

Exploring alternatives to manage debt is crucial for long-term security.

Business

Dave Ramsey Talks About Getting Out Of Debt, But You Can Go One Step Further And Make Your Money Work For You

Debt significantly hinders wealth building efforts.

High Yield Savings Accounts can provide returns while maintaining liquidity.

It's advisable for individuals to prioritize debt elimination before investing.

Business

43-year-old woman calls Suze Orman asking if she can pull from her 401(k) that has $100k in it to pay off loans - hear what she says

Withdrawing from a 401(k) for debt repayment can severely hinder retirement savings due to taxes and penalties.

Miscellaneous

My father-in-law strongly dislikes debt and he wants to give us $1 million and I'm not sure we should accept it from him

Accepting a large gift from supportive in-laws can alleviate debt stress and provide financial stability, especially in a high mortgage rate environment.

Business

I know that paying off the mortgage and investing is both important - hear which one Dave Ramsey thinks is more important

It's possible to pay off a mortgage while still saving for retirement if one adjusts their lifestyle.

Dave Ramsey suggests making lifestyle cuts to allocate more funds towards mortgage payments without neglecting retirement savings.

more#financial-advice

Germany politics

fromwww.nytimes.com

Germany Is Falling Apart (Literally). Here's How the New Government Might Fix It.

Germany's new government plans to borrow 500 billion euros for infrastructure investment after lifting constitutional spending limits.

#financial-independence

Retirement

FINANCIAL LITERACY QUESTIONS AND ANSWERS

Financial freedom allows individuals to make choices without financial constraints, relying on passive income and savings.

Miscellaneous

We're in our mid-30's were making over $1 million annually but my partner just lost her job

Consider cutting spending despite a hefty income to achieve financial independence sooner amid uncertain economic conditions.

fromIrish Independent

Cars

Mairead Loughman: 'The best advice you can ever have, especially as a female, is to maintain some level of financial independence'

Childhood experiences shaped my approach to spending and saving money.

Maintaining financial independence is crucial for women, especially after having children.

Retirement

FINANCIAL LITERACY QUESTIONS AND ANSWERS

Financial freedom allows individuals to make choices without financial constraints, relying on passive income and savings.

Miscellaneous

We're in our mid-30's were making over $1 million annually but my partner just lost her job

Consider cutting spending despite a hefty income to achieve financial independence sooner amid uncertain economic conditions.

fromIrish Independent

more#financial-independence

Cars

Mairead Loughman: 'The best advice you can ever have, especially as a female, is to maintain some level of financial independence'

Childhood experiences shaped my approach to spending and saving money.

Maintaining financial independence is crucial for women, especially after having children.

fromLondon Business News | Londonlovesbusiness.com

Startup companies

Why LMEs fail - London Business News | Londonlovesbusiness.com

LMEs are increasingly used for cost-effective debt restructuring despite a rising failure rate, reflecting deeper financial stress in companies.

#retirement-planning

Retirement

3 Make-or-Break Questions for Anyone Eyeing Retirement in the Next 20 Years

Asking key questions about income streams and debt management is essential for successful retirement planning.

Retirement

I'm Retiring Next Year: What Essential Financial Factors Am I Overlooking?

Consulting a financial planner is crucial for evaluating retirement readiness.

Retirement

3 Make-or-Break Questions for Anyone Eyeing Retirement in the Next 20 Years

Asking key questions about income streams and debt management is essential for successful retirement planning.

Retirement

I'm Retiring Next Year: What Essential Financial Factors Am I Overlooking?

Consulting a financial planner is crucial for evaluating retirement readiness.

more#retirement-planning

I was rejected for a car loan because my credit score was in the 300s. Now, I'm a multimillionaire, and I drive luxury cars.

Transforming credit from bad to good can lead to wealth-building opportunities.

Financial education and responsible debt management are critical for financial success.

Writing

I Received My Truck Title Saying My Loan is Paid Off, But I Still Owe $7K-What Should I Do?

Assume you owe money on loans until paid off to avoid credit damage.

Bootstrapping

fromBusiness Insider

I was rejected for a car loan because my credit score was in the 300s. Now, I'm a multimillionaire, and I drive luxury cars.

Transforming credit from bad to good can lead to wealth-building opportunities.

Financial education and responsible debt management are critical for financial success.

Writing

I Received My Truck Title Saying My Loan is Paid Off, But I Still Owe $7K-What Should I Do?

Assume you owe money on loans until paid off to avoid credit damage.

more#credit

fromLondon Business News | Londonlovesbusiness.com

Renovation

I owe $17K in mortgage payments and face daily panic attacks-can I get a loan modification?

Banks typically prefer loan modifications over foreclosure, especially if the borrower resumes regular payments.

#uk-economy

UK politics

Chancellor's Spring Statement has bond investors on red alert - London Business News | Londonlovesbusiness.com

Chancellor Reeves faces a challenging fiscal landscape, balancing growth and discipline amidst investor caution and rising debt.

fromwww.theguardian.com

fromLondon Business News | Londonlovesbusiness.com

UK politics

Visual analysis: How the markets boxed in Rachel Reeves

Rachel Reeves' spring statement reflects a shift in economic conditions marked by rising borrowing costs and debt management challenges.

UK politics

Chancellor's Spring Statement has bond investors on red alert - London Business News | Londonlovesbusiness.com

Chancellor Reeves faces a challenging fiscal landscape, balancing growth and discipline amidst investor caution and rising debt.

fromwww.theguardian.com

UK politics

Visual analysis: How the markets boxed in Rachel Reeves

Rachel Reeves' spring statement reflects a shift in economic conditions marked by rising borrowing costs and debt management challenges.

Trump Claims Europe Has Raped and Pillaged' the United States

Trump accuses the EU of economic exploitation, claiming the U.S. has been harmed by unfair trade practices.

NYC parents

My daughter refuses my 'live at home' rule for college - should I still pay or hold firm?

A mother seeks financial advice on college funding for her daughters, highlighting the importance of family rules and fairness in financial decisions.

European startups

fromSustainable Bus

Ebusco has relocated 74 previously-cancelled buses and obtained 22 million in debt financing - Sustainable Bus

Ebusco secures €22 million in debt financing to manage upcoming cash shortfalls and implement a turnaround strategy.

I make $200k a year but I don't enjoy it and called Dave Ramsey up to see if he thinks I should keep at it or not

A lawyer with $88,000 in debt should remain in his job until pay off his debt

Miscellaneous

I was on track to retire early, but I got saddled with debt and now I'm trying to figure out how to get back on track

Joe's financial situation exposes the risks of high debt despite a high income.

Miscellaneous

I'm 26 making $73k a year - how much should I be saving for retirement today?

Saving 15% to 20% of your paycheck for retirement is ideal, but prioritize emergency funds and debt repayment first.

Bootstrapping

I have $35k in a Roth, $41k in debt. $27k is from an offroad UTV I regret getting. What are my options?

Financial mistakes offer learning opportunities to avoid future pitfalls.

Impulse purchases can lead to considerable consumer debt and derail financial stability.

I make $200k a year but I don't enjoy it and called Dave Ramsey up to see if he thinks I should keep at it or not

A lawyer with $88,000 in debt should remain in his job until pay off his debt

Miscellaneous

I was on track to retire early, but I got saddled with debt and now I'm trying to figure out how to get back on track

Joe's financial situation exposes the risks of high debt despite a high income.

Miscellaneous

I'm 26 making $73k a year - how much should I be saving for retirement today?

Saving 15% to 20% of your paycheck for retirement is ideal, but prioritize emergency funds and debt repayment first.

Bootstrapping

I have $35k in a Roth, $41k in debt. $27k is from an offroad UTV I regret getting. What are my options?

Financial mistakes offer learning opportunities to avoid future pitfalls.

Impulse purchases can lead to considerable consumer debt and derail financial stability.

more#financial-planning

Real estate

fromBusiness Insider

From 'dead broke' to 'lump sum checks': Why this investor says home flipping is the best way into real estate if you avoid 3 mistakes

Kevin Hart advises new investors to start with house flipping to gain quick capital, but warns of the risks involved.

fromThe Art Newspaper - International art news and events

Business

Dave Ramsey says these are the two questions that separate rich people from poor people

The mindset of wealthy individuals focuses on total affordability, while those in debt often concentrate on initial down payments.

Miscellaneous

British Council art collection at risk in face of 197m debt to government

The British Council is evaluating asset sales, including art, to address a £197m debt.

Business

I followed Dave Ramsey's plan and paid off over $200k in just a little over 2 years

A caller paid off $234,000 in 31 months by dramatically increasing her income and working extreme hours.

Miscellaneous

fromPCMag Australia

Elon Musk Tells Employees X Is 'Barely Breaking Even'

Elon Musk acknowledges X's financial struggles, stating the company is barely breaking even amid stagnant growth and an advertiser exodus.

fromTechCrunch

Miscellaneous

Method is helping fintech companies like SoFi build repayment functionality into their apps | TechCrunch

Method is a platform for integrating repayment and financial features into fintech apps, overcoming significant challenges with existing systems.

fromIndependent