"The box was a universe, a poem, frozen on the boundaries of human experience."William Gibson
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Is your mutual fund the right one for you?
Mutual Funds are considered to be one of the best investments one can get hands on. They're very flexible and cost-effective. An excellent investment for people with restricted knowledge, time or, money.For beginners, who might have a perplexed expression ...
Start Taking the Headaches out of Your Finances with this Do-It-Yourself Financial Plan
Actions You Take Today Assure Your Comfortable Future It's not really news but You'll need money the rest of your life. Hopefully you'll have all you need. To get there you need to think about how your actions today will influence your future. If you're ...
Think I'm a Bank?
Why so much excitement over real estate notes? The risks must be reviewed carefully. This article analyzes real estate notes from the perspective of the uninitiated. Before jumping into the risks and possible rewards, we'll examine how real estate ...
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Part 2 Credit card debt may seem insurmountable, but the causes are often simple ones
In part one of this series, we examined a few of the most common reasons why many Americans are overwhelmed by credit card debt. In part 2 of this series, we will examine the remainder of the top ten reasons why many people are burdened with a debt that they cannot seem to repay.
5. Medical expenses. The health insurance system in this country is a mess, and an entire Website could be dedicated to finding solutions to the problem. The bottom line is this - Americans who have health insurance have it because they work for someone who is kind enough to buy it for them. Everyone else is out of luck. And if you have ever had to pay for skin cancer removal or a colonoscopy with a credit card, you know that the experience can be as painful as the medical procedure itself. Until Congress can work out some sort of fair and equitable system for health insurance for everyone, medical expenses and credit card debt will always be intertwined.
6. Inability to talk with spouse about money. Many American households have two wage earners who aren't well versed in talking about money. Not only should a husband and wife be able to talk about money in order to effectively manage it, they also need to have a common goal and not work against each other. If one is frugal and the other is buying every item advertised on the Home Shopping Network, the household will have a problem, and a big one. Communication is key.
7. Waiting for the lottery. Some people just don't worry about tomorrow, thinking that, one way or another, it will take care of itself. Perhaps they will win the lottery, or the Publisher's Clearinghouse sweepstakes, or perhaps they'll find oil in the back yard or inherit a bunch of money from Aunt Elsa. Don't count on what you don't have. Don't spend tomorrow's money today.
8. Lack of knowledge. A big component of money management is understanding how financial transactions work. Many people don't even learn how to write a check in school;, it's no surprise that they don't learn about mutual funds, savings accounts or IRAs, either. Knowledge is power. If you don't know how financial transactions work, buy a book.
9. Less job than they need. Having a part time job and spending like you have a full time job is a problem. Until your salary catches up with your spending, you're spending too much. It's that simple.
10. Gambling. The ease of Internet gambling, legal or not, makes it way too easy to blow hundreds or thousands of dollars from home. Many people have lost everything this way - job, house, spouse, car. It's not only a quick path to debt, but it's also a quick path to personal bankruptcy.
About the author:
Talbert Williams offers debt consolidation referrals and advice. For more information, articles, news, tools and valuable resources on debt solutions, visit this site: http://www.1debtfreedom.com
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8 Stocks Soaring on Big VolumeTheStreet.com(Stockpickr) -- Professional traders running mutual funds and hedge funds don't just look at a stock's price moves; they also track big changes in volume activity. Many times when above average volume moves into equity it precedes a large spike in ...and more » |
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