Financial Disaster

Bad Financial Habits That You Might Be Not Aware Of

March 23, 2012
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Bad Financial Habits That You Might Be Not Aware Of

The following is a guest post from Henessy Cervano For some people, bankruptcy is for certain. If you are one of them, those overly secure of the thought that they have a regular source of handsome income, so they just keep on spending without keeping track of their expenses. You’re sure to keep falling off the financial ladder… if you continue spending more than you earn, mindlessly making purchases more than you can actually afford. You absolutely don’t have a shot at getting rich… if you keep making  saving a chore for tomorrow, always thinking that you’d always have money to expect anyway. There are a number of bad financial habits and ways of thinking that have driven lots of people into the depths of financial ruin. Some of them seem too harmless that you wouldn’t even realize how much it could lead to your economic demise. This article is written to give you a heads up on these habits and pull you up before you reach that depressing pit called “bankruptcy”. Bad Habit: Endless Generosity Counter-habit: Being practical Some people are either too easy to persuade or just plain show-offs that they keep treating people or lending them money even when they don’t really

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How to Improve Your Credit Score During Hardship

December 2, 2011
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How to Improve Your Credit Score During Hardship

Once I heard someone saying “credit score are for people who aren’t a home owner yet”. Buy home and stop worrying about credit score. Well imagine what happened if you lose job before paying off debt and you are out of your sweet home. Be careful, financial disaster can strike anytime, credit history and credit score are your ingredients to weather this storm. Even when you are going through financial trouble, you can build better score, just don’t lose heart and have faith in you. Improving credit while you are financially sound is easier but ,during hardship its really hard to improve your credit score. 1. Check your credit report In case you don’t know, you are actually entitled to one free credit report every year. You can get it from Trans Union, Experian, and Equifax. These are our U.S. credit bureaus. Have yours printed and delivered into your doorstep. There are plenty of reasons why you need to do this. First the document gives you an overall picture of your financial health. Are there loans you haven’t paid faithfully yet? Second, errors in credit report can have a profound impact on your score. Just imagine, a loan you’ve already

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5 Steps To Fix Financial Failures

November 28, 2011
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5 Steps To Fix Financial Failures

While surfing blog comments at other personal finance blogs, I came across a story of a reader. Which reads like below. A couple of years ago, I was doing well when it comes to finances. I knew I was doing better than a lot of my friends and family. I was having a good job. Everything was actually really, really great. Then recession came—and my world, as well as the others’, came tumbling down. The start-up company wasn’t able to pick itself up and it had to close down, leaving me with no job at all. My wife was also laid off from her job. No matter how much we searched for work, no one would like to take us! For seven months, we weren’t able to do anything, and before we knew it, our savings dwindled. We could hardly pay our utilities, much more our credit card bills. The invincible feeling I had dissipated; and I was left with anxiety, panic, and self-pity. For over a year, we were struggling, depending sometimes on the help of friends and family. I haven’t faced financial failure in my life so far. Somehow I managed to get around with single income. But,

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Get Into Debt Now, Before Time Runs Out

November 2, 2011
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Get Into Debt Now, Before Time Runs Out

You have been reading articles on avoiding debt or getting out of debt all along. Let’s try a different route this time. I will tell you some surefire ways to incur debt. No matter what state your finances are in, you won’t fail. SB guarantees that. 1. Help the economy by spending all you can. Haven’t you heard that spending helps the economy? The more you spend, the more sellers earn. Their family depend on your money. Be a philanthropist and help the cause. Don’t worry about your income. You’re a genius; you’ll earn later in life. Apply for a credit card and charge it – and make sure you have a high limit. If not, apply for a few more cards. You know you need to look good all the time. Your clothes are old; even your neighbor’s dog hates your clothes. Try new ones now. Go to the mall, they run sales all the time. Don’t buy cheap. See, that fellow walking ahead of you? Get clothes like his. Don’t forget to buy a few pair of shoes before they are out of stock; it’s your last chance! With cash, you can’t spend much without emptying your wallet,

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Save Wealth From Disaster, A How To Guide

March 27, 2011
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Almost every year, around the world, some natural disaster happens, you very well aware of what just happened in Japan, what happened to Haiti last year, Pakistan the year before. May be your city is next, quiet a few fault lines run across continental USA. This article is to guide people on the course of action in case disaster strikes at you. When the first time it hit us, we were clue less. That was a lesson learned and now we are prepared as we created an emergency bag  for carrying items that are essential and would be absolutely needed if we lose all our physical belongings. We keep our valuables in bank locker. Read on: 1. We keep our jeweleries in bank locker, on occasions we go to bank, take out what we need for next few days, and when it’s over, we go back and put it back, thief proof. but I know if bank building goes down, there is very high chance that we won’t get our jewelry back. But, don’t the bank buildings are supposed to be ‘everything proof’? 2. Last 3 year’s tax returns, car title, marriage certificate we keep in the locker as well.

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