Don’t Just Dream, Execute By Setting Goals
Too many people have millionaire dreams but no millionaire plans. Well, you can’t become a millionaire just by dreaming, wanting or wishing for wealth. You have to lay out a plan, and you have to execute in order to fulfill the goals within that plan. As you’re developing the framework for your millionaire’s budget, now […]
Student Loan Rehabilitation Explained
When you let your student loan go into default, you may be subject to wage garnishments and you could be forfeiting your tax refund checks. The defaulted student loan will also have a negative impact on your credit report and it can be difficult to remove the record from your credit report entirely – even […]
What to Do If Your Wages or Unemployment Benefits Are Garnished
What to Do If Your Wages or Unemployment Benefits Are Garnished: Wage garnishment can add extra stress when you’re already financially overwhelmed—especially if you’re unemployed and counting on every dollar to make ends meet. If you’ve fallen behind on debt, creditors may legally seek repayment by garnishing your income. But you still have rights—and knowing […]
What If I Change My Mind After Filing Bankruptcy?
Thousands of Americans file for Chapter 7 and Chapter 13 bankruptcy each year, a move that allows them to discharge all debts and get a fresh start. But what happens if you file for bankruptcy and then change your mind? Maybe you’ve found a way to pay off your outstanding debt or are willing to […]
How To Avoid Timeshare Telemarketing Scams
The Lee County Sheriff’s Office is warning residents to be aware of potential scammers targeting owners of timeshare properties. The scammers make unsolicited calls to current timeshare owners with promises of financial profit, and claim to be able to get owners out of their timeshare contracts by paying up-front fees, ranging from $200 to $8,000. […]
How Will a Foreclosure Affect My Credit Score?
If you’re facing foreclosure, you may be wondering how this will affect your credit score. Missing payments on your mortgage and other bills may have already dropped your credit score by several points, and when you reach foreclosure status, you will notice a significant drop in your credit rating. If you’ve been struggling financially for […]
No Get Rich Quick Schemes to Becoming A Millionaire
Some of you may be saying: “Can’t I just do one thing to become a millionaire?” Well, I wish it were that simple. But the reality is that you have to take a multi-pronged approach in order to gain lasting material comfort and wealth. Just taking one or two steps – or even four or […]
How Is An Emergency Fund Different From A Rainy Day Fund
In a recent interview I explain the difference between a rainy day fund and an emergency fund. I also share 6 tips to help jump start your rainy day fund. A rainy day fund is designed to cover one-time events without blowing your monthly budget. For example, $500 set aside just in case the sump […]
Money Q&A: How to Have Perfect Credit
The following is an excerpt from an interview with Black Enterprise. In personal finance expert Lynnette Khalfani-Cox’s latest book, Perfect Credit: 7 Steps to a Great Credit Rating, she outlines the steps consumers need to take in order to get their credit in tip-top shape. I recently sat down with The Money Coach and got the […]
How Can I Increase My Take Home Pay By Adjusting My W-4 Withholding
Q: In your book Zero Debt you say we should NOT get a refund check. I live for that check to help with tuition, home repairs, etc. I am a single parent of one, making about $100,000. What should I be changing my W-4 to so that I don’t have to owe the IRS? I […]
Is It Smart To Buy A Car With Cash?
Q: Is It Smart To Buy A Car With Cash? A: Yes, it’s very wise to buy a car with cash. That’s the preferred way to get a car, in my opinion. You should also be able to get a better deal from a car company if you pay in cash – as opposed to […]
Where Can I Get a List of Companies that Offer Student Loan Forgiveness?
One of the quickest ways to eliminate your student loans is to pursue a career that will pay off your student loans for you. Loan forgiveness programs are typically extended to those who enter a career in military service, volunteer work, teaching, the legal and medical fields, and several other service-oriented professions. If you are […]
How Will Repossession Effect My Credit Score?
If you got behind on your auto loan or mortgage payments and the bank or lender repossessed your vehicle, the event will be reported to the major credit bureaus and negatively impact your credit score. Repossession shows up as a “default” status on your credit report and will lower your credit score. If your car […]
How to Avoid Repossession of Your Vehicle
When you take out a car loan, you are agreeing to make all monthly payments on time through the terms listed on your contract. If you end up struggling to make your monthly payment and miss several payments, you could end up having your vehicle repossessed. Not only will you lose your car, truck or […]
7 Secrets for Finding a Rental After Foreclosure
Scores of individuals and families in America are being forced out of homes they can’t afford. If you’re one of these unlucky individuals, you’ll likely need to find a rental after your foreclosure. And that means finding a landlord who won’t put too much weight on the fact that your former home was foreclosed. Remember […]