Where to Find Cash to Reduce Debt, Invest or Other Financial Need

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

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Special Situations: Live Within Your Means: Cash From a Reverse Mortgage

This is activity 25 of 30 in the Special Situations in Prosperity Quadrant IV trek.

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

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Cash Flow: Live Within Your Means: Cash From a Reverse Mortgage

This is activity 24 of 31 in the Improve Cash Flow in Prosperity Quadrant I trek.

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

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Special Situations: Live Within Your Means: Reduce College Education Costs

This is activity 22 of 30 in the Special Situations in Prosperity Quadrant IV trek.

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,

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Cash Flow: Live Within Your Means: Reduce College Education Costs

This is activity 14 of 31 in the Improve Cash Flow in Prosperity Quadrant I trek.

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

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Debt Problem - Signs to Look For - When to Get Help to Control Debt

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

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How to Hurt Your Credit Score Without Really Trying

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

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Reduce Spending and Debt by Looking at Variable Expenses

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,

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