This is a breaking meltdown update with Bix Weir. Bix says “This is what the end game looks like… JP Morgan can literally computer rig this thing to zero and shut down the market. I say let em. The trick is to stay out of their system.” Bix’s website: www.roadtoroota.com ★::::RON PAUL 2012::::★ My website: SGTreport.com Thecontent in my videos and on the SGTbull07 channel are provided for informational purposes only. Use the information found in my videos as a starting point for conducting your own research and conduct your own due diligence (DD) BEFORE making any significant investing decisions. SGTbull07 assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.
Question by Brett B: How to get out of debt quick?
I am in debt about 25k and really need to get out or I am in fear of going bankrupt. What are my options, anyone know of a good free service to help consolidation or just advice?
Best answer:
Answer by DangerDave Well first off there isn’t really simple or quick way to get out of debt. A good place to start would be to cut up all your credit cards! Anyways, I was in debt a while back and there are actually some good organizations which are just to help people like you with advice and counseling on what the best plan of action is. One good site that I and a few family members used and loved was www.KillYourDebt.org, after filling out the few basic pages of information they called me within an hour and I had a personal rep to consult for free. Hope this helps, keep your head up!
Know better? Leave your own answer in the comments!
Oak View Law Group debt relief review by client CS2. She saved 79.24 from her credit card debt. Learn more at www.ovlg.com
Question by chantakg: Where can I find a list of reputable debt relief programs? ?
My mom got a letter from a debt relief program, shes thinking of looking into it but before she did I wanted to know if I could find out if its reputable.
Its National Debt Relief Divison
Best answer:
Answer by Jeanne R Please don’t use a debt consolidation agency. Debt consolidation is not free. While it may lower your payments now, you will owe more money and be in debt for a much longer period of time, sometimes years.
Have a garage sale and sell anything that you no longer use or need. Get a temporary part time job and put all of that pay onto your debt. $ 8K is not that much and you could knock it all out in less than a year. It is better to have a tough no fun year than a tough no fun decade.Here is a plan that can help you. If you work the plan, the plan will work for you:
1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an “emergency fund” category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don’t even have to worry about it. You must cut your spending and live on less than you make.
2.First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on.
3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example:
Debt #1: paid off
Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment
Debt #3: minimum payment
Debt #1: paid off
Debt #2: paid off
Debt #3:Mimimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.
That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have.
4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty.
5a. When you have your emergency fund in place, add a category for “fun” to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life.
5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire.
5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest.
