When you need cash to reduce debt or to invest you’ll have it if you’ve followed a disciplined financial security plan that gives you the cash to tap into your accumulated assets when needs or opportunities arise. If you want to advance your education, make a major purchase, invest in a business or take care
Continue reading Where to Find Cash to Reduce Debt, Invest or Other Financial Need
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income.
This activity on the trek: Consider the advantages and disadvantages of a reverse mortgage.
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Moderate
What is a Reverse Mortgage?
From the AARP website
Continue reading Special Situations: Live Within Your Means: Cash From a Reverse Mortgage
The activity: Consider the advantages and disadvantages of a reverse mortgage.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Moderate
What is a Reverse Mortgage?
From the AARP website “A reverse mortgage is a special type of home loan that
Continue reading Cash Flow: Live Within Your Means: Cash From a Reverse Mortgage
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income.
This activity on the trek: Reduce college education costs.
This activity suitable for: Families that have someone in college or planning for future college expenses.
Difficulty rating: Moderate to Difficult
College costs are rising,
Continue reading Special Situations: Live Within Your Means: Reduce College Education Costs
The activity: Reduce college education costs.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
This activity suitable for: Families that have someone in college or planning for future college expenses.
Difficulty rating: Moderate to Difficult
College costs are rising, student debt is mounting, and most Americans say college fails to
Continue reading Cash Flow: Live Within Your Means: Reduce College Education Costs
The line between a future of financial solvency and one of distress is thinner than you might think.
Unfortunately, many people don’t realize they’re on the wrong side of that divide until it’s too late.
You could call it the ostrich syndrome. You know that things aren’t good, but you just don’t want to face up to
Continue reading Debt Problem – Signs to Look For – When to Get Help to Control Debt
You don’t have to put a lot of effort into it to hurt your credit score. Just a misstep or two is all that’s required.
Let’s look at a few ways your credit card could get dinged.
Paying Late
Credit card companies are notoriously prickly about late payments — even a payment that’s late by a few
Continue reading How to Hurt Your Credit Score Without Really Trying
The best way to begin getting the debt and spending under control is to reduce your monthly expenses. And one good place to start is to focus on reducing your variable expenses.
Variable expenses include those that can be changed or eliminated entirely.
Variable expenses are those that fluctuate each month, such as clothing, food, entertainment, vacations,
Continue reading Reduce Spending and Debt by Looking at Variable Expenses