[jonasdatum]

Originally Posted by hannab

Good for you Mike

I LOVE DAVE RAMSEY, he has free podcasts that you can download, he has a very positive way about him and he's been through bankruptcy himself. You can get good information from the podcasts alone. He would not recommend debt consolidation - he would push for not charging anything ever again, making a strict budget, cut back on every expense - "Rice and Beans" as he calls it, take on second jobs, sell anything you can - even the kids , Just listen to a few weeks of the podcasts and you'll see what he's about.

I've never had any debt issues, but I enjoy listening to Dave, he just reinforces how I was raised - very conservatively. He also has a very Christian message.

I do the exact opposite of what many people I know do. Most people in debt I know don't have bank accounts thus makes it harder for them to save this hinders there social-economic advancement. Many of those people I've met, speak to, and read about often get into debt for foolish reasons. As I've said on the money saving form there is a difference between getting in debt because of medical bills or some great tragedy and because you blew it all on some idiotic purchases.

Americans don't save much. In fact we spend more than we save. Our economy is based largly on people spending as much money as possible!

[hewee]

Years ago when I first started out in the early 1970's and some of the first loans cost me a lot with 27% and 18% etc and I was paying the payment each month but still it was taking forever.
About 4 years later I was working a new job and I had good Credit but was able to join the Credit Union. I have just gotten a new car too so had that loan and I forget how high it was but it was way up there too. But the Credit Union let me take out a Signature loan and I got that loan at 10% and paid off all my bills. I even had a added $1,200.00 from the loan and now was paying a whole lot less each month. So I was one happy puppy.

[dan_mccartney]

I would go to a bank and get a consolidation loan like was said before. Yes your payment may be close to the same, but there is a big decrease in interest and you will get out sooner than you think.

[jonasdatum]

Originally Posted by jonasdatum

I do the exact opposite of what many people I know do. Most people in debt I know don't have bank accounts thus makes it harder for them to save this hinders there social-economic advancement. Many of those people I've met, speak to, and read about often get into debt for foolish reasons. As I've said on the money saving form there is a difference between getting in debt because of medical bills or some great tragedy and because you blew it all on some idiotic purchases.

Americans don't save much. In fact we spend more than we save. Our economy is based largly on people spending as much money as possible!

Grammer And Spelling Errors Hopefully Corrected
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I do the exact opposite of what many people I know do. Most people in debt I know don't have bank accounts thus makes it harder for them to save this hinders there social-economic advancement. Many of those people I've met, speak to, and read about often get into debt for foolish reasons. As I've said on the money saving form there is a difference between getting in debt because of medical bills or some great tragedy and you blowing it all on some idiotic purchases.

Americans don't save much. In fact we spend more than we save. Our economy is based largely on people spending as much money as possible!
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dan_mccartney

I would go to a bank and get a consolidation loan like was said before. Yes your payment may be close to the same, but there is a big decrease in interest and you will get out sooner than you think.

A simple and rational decision.

[jonasdatum]

Originally Posted by dan_mccartney

I would go to a bank and get a consolidation loan like was said before. Yes your payment may be close to the same, but there is a big decrease in interest and you will get out sooner than you think.

"You would go to the bank," that means the bank might give you a loan. The problem is many people can't get this consolidated loan.

[BanditFlyer]

Here's another good one on the myth of the tax-dedution:

request this book a your local library. If they don't have it, they might be able to get it through some form of interlibrary loan: http://www.amazon.com/Total-Money-Ma.../dp/0785263268

[jonasdatum]

Originally Posted by BanditFlyer

Here's another good one on the myth of the tax-dedution:

request this book a your local library. If they don't have it, they might be able to get it through some form of interlibrary loan: http://www.amazon.com/Total-Money-Ma.../dp/0785263268

DM is great! I don't listen to him, but I respect what he is!

LOL, DM is right the brother is a idiot! LOL, the brother is losing money and the sister [the one on the phone] is worth alot of money!

Great post!

[Blackmirror]

My advice don't touch CC with a 9 foot pole

If you cant afford something go without

[BanditFlyer]

Originally Posted by jonasdatum

DM is great! I don't listen to him, but I respect what he is!

LOL, DM is right the brother is a idiot! LOL, the brother is losing money and the sister [the one on the phone] is worth alot of money!

Great post!

Yeah, I'm reading his book and I wholeheartedly recommend it. I'll try to post more about that in one of the "what are you reading?" threads here soonish.

[jonasdatum]

Originally Posted by Blackmirror

My advice don't touch CC with a 9 foot pole

If you cant afford something go without

Fear it's a tool not a virus! I've expressed my opposition to the fear of credit cards for a while. Decipline and utilization are the key!

[hewee]

Well I had paid cash for years so had no credit history till after I got a Costco account and there The TrueEarnings® Card from Costco and American Express.

Good thing I did too because I had to move after 18 years and it is no as easy as it used to be. I need a credit history along with all the other things they want now days to check you out.
But with my limited income it made it hard to find a place but I did get one and what help me was having a Good credit history. The credit history only started 12/2005 but even still it was what I needed and it help me out. Without the credit history I would of had a super hard time finding a place to rent.

[jonasdatum]

Credit Card National Bank



I love this video .

[hewee]

That was funny.

[jonasdatum]

Originally Posted by hewee

That was funny.

Search for the south park style video:

The Joneses

[buck52]

if you can't pay it off every month...chop it up and throw it away... simple