Money & Personal Finances

How I Finally Got Myself Out of Debt

get out of debt

Let me be the first to admit to you that facing personal debt isn’t easy. I remember being worried about debt collectors and being tempted by credit card offers coming in the mail, thinking that if I could use the new card to pay down my old debts just for a little while, everything would turn out alright in the end.

Most of all, I remember being ashamed. I didn’t want anyone to know about my situation, but I didn’t quite know how to help myself out of the situation, either.

Who Do You Work For?

credit cards

Many of us would love to work for ourselves but such a step is unlikely, if not entirely impossible. The problem with working for ourselves isn’t that we cannot do it, it is that our perspective on what it means to be our own boss is slightly skewed. What if I told you that you could work for yourself without even quitting your job?

That is exactly what I am going to tell you! You can work for yourself without even quitting your job! How? It is all about modifying your perspective on what it means to work for yourself. When we think of working for ourselves, we think about working from home in our underwear or creating a passive income so that we can lounge on the beach while we make bank.

The End of Wealth

end wealth

Unless you have been living under a rock, you will know there are some major problems in the world’s financial markets at the moment. Working for a global bank, I guess you could say I have a front row seat for this debacle that in recent days has worsened with the stunning collapse of Bear Stearns (Update: and all the other recent collapses! There are too many to mention now….).

Much of what I have read has blamed Wall Street for turning the problems related to subprime lending into a major global problem. But I also recently read this Newsweek article where a former mortgage broker shares his insights into the fraud and greed that has plagued his former industry:

8 Important Money Reminders


Ok, I have a confession. I went a little crazy on the spending in December. Perhaps it was the new credit card I received early in the month. Or maybe it was the new job conveniently located opposite a mall. I don’t know. What I do know, however, is that a “finance guy” such as myself should know better. That’s why I have called this article “8 Important Money Reminders”. Don’t expect to find some new revolutionary money tip here. I’m going back to basics, if not for you, then definitely for me.

The Truth About Debt and Dreams


Does debt cripple dreams? Or is it the very thing that makes them come true?

My first real experience with debt was a credit card I got back in 2003. I was traveling overseas for 10 months, and a credit card was both a way to access funds whilst away and a safety net for if I ran out of cash. Since it was predominantly a working holiday, for the first 9 months I had little use for the card, and what I did put on the card was quickly paid off from my savings. My last month overseas, though, I was on the road and anyone who has ever been traveling will realize how expensive this is.

10 of the Best Ways to Spend Your Money

spend money

How you spend your money is your business. What you may like to consider, though, is that your spending habits can often affect your level of happiness. And what you initially think may make you happy – the new car, bigger house, and large screen TV – may not give you the most smiles for your dollar. With this in mind, I have come up with what I consider are 10 ways spending your wealth can lead you to a happier, and more satisfying, life.

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