I graduated with my Business degree in Finance back in 2008. At approximately this same time, my friend asked me if I have ever listened to Dave Ramsey, a personal finance teacher that preached the message of ‘Cash is King’ and ‘Debt is for Dummies’. With a chip on my shoulder, I responded, “I do agree with some of his teaching, but to avoid debt entirely? That’s simply just dumb. After all, debt is a tool and can be used to earn money without shelling out your own.”
I thought I was so smart, but in actuality I was just money hungry. Debt is hardly ever a good idea for a personal account since we are not rapidly growing our assets through business ventures and products that are creating a buzz in retail. Nope. Most of personal finance has one main inflow of money that needs to be budgeted in
Continue reading Earning a Grand Per Month is Way Easier to Do Without Debt
The following post is by Melissa at Mom’s Plans.
Many, many Americans have debt including credit card debt, car loans, students loans and mortgages just to name a few. In fact, according to a recent article on pbs.com, in 2008, only 33% of college students managed to avoid student loan debt, and the graduating class of 2011 will leave college with an estimated $22,900 average in student loan debt.
In the United States, debt is a way of life. Many people consider debt necessary to achieve the American dream. Being without debt is so rare that Dave Ramsey calls the debt-free lifestyle “weird”, and encourages all of his listeners to be weird like him. I myself am not weird yet, as I still have a substantial amount of debt, but I have stopped accruing new debt, and I am aggressively paying down my debts.
While it is true that if
Continue reading Become Debt Free with a Grand Per Month