My personal debt experience, I talk about possible solutions, and my personal result and views.

Is car ownership going away?

The door might be closing on the value of owning an older car outright. I know this is not groundbreaking,  but the cost of ownership of even cheaper cars has gone way up, I wondered if it was even worth it to own a car at all. 

I recently went looking to buy an older cheap car, something with the value $2000-$5000 dollars. What most consider a to b used car. Me personally, I don’t care what I drive. I love cars don’t get me wrong. I was out looking to pay cash for a good running car for cheap. There was a time even recently that you could find a cheap beater and slap some liability insurance, and save some real money in car payments. Actually most finally experts recommend you only buying the car you can afford to pay cash for.

I found a car I feel like that would work, I called Farmers Insurance Agent and was shocked to find rates $240 a month with a clean driving history.

This was a real shocker, I was already overpaying for my last car I had to get rid of it, I was in a weird spot with the car, the car ran fine.. but the A/C went out and I live in Las Vegas. So here I was paying $160 a mouth just about 10% of the actual value of the car with working A/C and maybe cost is upwards of 20%+ without. 

And $240 a month for car insurance alone that is $2880 a year.  

Have we reached a point where owning older used cars is no longer worth it? Is it better to go with services like Lyft and Uber and with fill-in of the occasional rental cars and public transportation? have we gotten to a point where it’s  more cost effective to forgo car ownership altogether? I would like to look at the cost carefully and find out. 

Cost annually to own a $5000 used car – Car Insurance $2880, gas 1 tank a week $540, registration & Taxes $125, Car repairs & maintenance $600 Total – $4125.00 That amounts to 340 a month. On a car you own.

Cost annually to keep a financed car – Car Payment $6000 Car Insurance $2880, gas 1 tank a week $540, registration & Taxes $600, Car repairs & maintenance $400 Total  $000 That amounts to 000 a month. On a car you are making payments on.


The Craigslist personals email harvest season is over! [How to harvest email addresses on Craigslist personals]

A job I had recently was working with a guy that would buy harvested email contacts for singles looking on Craigslist. I would get paid $1.75 for every good email lead and $3.00 of every phone number I could produce. This is one of my highest earning adcopy producers. This one produced over 80,000 leads

Thank you for reading my post… before you start to read my post, a reader from my last creative dating post commented to me – “it might help to point out that I make a living as a creative writer.” Now that I have moved to a small town in Insert town here, this mightbe even more of an issue. Because even more people may not get my brand of humor. Other feedback that I have received, is that women are intimated to respond to posting like this. But more than anything I am looking to meet new friends and if something amazing happens that would be very cool. I have a really unique creative personality, I am a very low pressure guy, I too am looking for someone special. Thanks for taking the time to read. enjoy my posting

Here I go again with another dating fucking sucks post again…

I am now convinced every sick-mutherfucker on earth surfs the craigslist personals, I was hanging at a friends house and went to Craigslist on her computer (*not really being nosy)  and I could see that the singles area on Craigslist link has been visited. Then it hit me!!! Everyone in the world is a sick-fucker just like myself. Craigslist is how everyone meets, but no-one ever wants to admit-it, this is so fucking gross. By posting ourselves online we have all been reduced to lawn equipment.

I know normal people read these online dating listings also… Because I was normal once, I can remember about 15 years ago reading the newspaper at Mc Donald’s, while I am eating my Mc Pile of shit. I love the classified section, I’m not really sure what it is. But being a little older everything has changed, forget the stupid sports.I personally love to read the used cars, free pets, rideshare, missed connections… but my point is, even before abruptly becoming single again, I would read the singles thread on craigslist, what a fascinating category… Someone throwing caution to the wind, post a ad in hopes of landing a date, it seems so crazy when you think about it. But what is sad, from my limited dating experience it seems the older we get the less likely we are to really find someone normal.

The response I am trying to trigger is the “normal one” that is – perhaps a normal person surfing this and think to herself, …”is this fucking shit even real?” No, we have reduced ourselves to lawn equipment… 🙂

So how would I describe myself? Mr toad’s wild ride – white, 6”4’, fit, late 30’s I don’t fuck on the first night, that would be considered risky behavior. If my post shocks you, run away! I don’t want your acceptance, I want someone looking for something special, someone looking to uncover a true experience, someone unique. At first you might find I am hard to talk to, I am closed off and very shy when you first meet me.

Other fun-Facts about myself

  • I have all my teeth
  • good head of hair
  • I have blue eyes
  • I am tall
  • I am here in Insert town here, taking care of my 88 year old grandma
  • I dont own a TV, but I have 4 computers
  • I have written 3 books
  • I love love love animals and plants
  • you should not feed me milk
  • I don’t play video games
  • I piss on the seat like most guys
  • I don’t like horror movies, whadda fake bull shit
  • I love to hold hands
  • I like to be ran at least an hour a day
  • I have not had a job in 15 years
  • I have a criminal history  <-I’m proud of that
  • I am 40
  • My kids are over 18
  • I might cook you dinner, have some coffee, stay up till 4 am, and sleep all day.
  • I have 13 years of education, over and above high school.
  • I don’t drink, love a little pot
  • *se habla espanol, but I am not Mexican
  • I love to take baths, because I get dizzy when I jerk-off standing up
  • AND yes! I really make a living as a semi-well known writer, I’m not rich, but I am rich in spirit.

*The picture thing is so uncomfortable, now that I have moved to this small town in Insert town here, I can’t post a photo of myself because not only am I afraid of being recognized on the street, I am worried my friends will find it on craigslist and post my dating ad on facebook, then everyone will know I too am looking for new lawn equipment and this is already humiliating enough.

Just a fun fact: it seems nurses like to use the CL personal service.

If you don’t send a picture of yourself, I will not reply. If you don’t want to send a picture first, then get yourown posting. And besides, if you send me an email trying to bait me into talking to you without a pic, then that would mean you are getting what you want and I can’t allow that to happen.  🙂 If you have a comment, rude or nice I will always politely respond. Thank you for reading and have a safe journey in life

Make sure to get your full head in-front of the shotgun.. thank you for calling!

Craigslist recently implemented changes that prohibited you from directly getting the email address from a response.

I sold my eBay sellers account on eBay

I sold my eBay sellers account on eBay. Susan a friend of mine at the time had this idea.

To make a website along the lines of my blog and post/sell items garage sale style kinda-like eBay. At the time I thought that was a ridiculously bad idea; little did I know or could fully understand the true genius behind this and how good of an idea this really was.

About a year before that I had more or less quit selling on eBay (about 5-6 years ago) but my friends Jeff and Susan were still selling on eBay and going very strong. I would checkout what they were doing and thought to myself, how are they making any money? I thought to myself eBay had really jumped the shark.

So recently (2013) when I sold a few items I had laying around the house and the cost to do this was upwards of 25% plus Paypal fees I knew my eBay sellers account usefulness was over. So I decided to sell my eBay sellers account.

I had already been familiar with people selling eBay and Paypal accounts from the website PayPal sucks. Dealing with eBay and PayPal for over 12 plus years I have had some interesting experiences and some priceless information that has helped me in my personal web business. eBay is only a website and comes up with some wild resolutions,  so if your going to sell on eBay then you are at the mercy of their terms and condition’s.

My experience with eBay has been when it comes down to-it eBay rules whatever favors their position; so you need to be prepared for the worst in any situation. Because you don’t know who your dealing with and quite frankly neither does eBay. I guess the only thing I can say in defense of eBay, they really have no playbook for dealing with millions of transactions in a free-trade environment.

I may have been one of the few sellers to see eBay at it’s best and it’s worst. eBay started to implement changes that really started to hurt sellers. The Power Seller exodus and start a website> Unfavorable terms, high fees, feedback restrictions made seller run for the hills.

These days the research I uncovered is that sellers now have to really jump over hurdles to sell online witch really seems silly, because anyone can start selling online with their own website for like $10 dollar investment and no barrier, and completely bypass eBay. I think people forget after-all eBay and Paypal are really only a website that started by selling Beanie Baby’s, without sellers and buyers, they have nothing.

Because my account was started 12 years ago and I had 100% positive feedback with 475 consumer reviews  I had establish myself for such along time I had no limits on my sellers account.

Why I sold so cheap – I sold my eBay sellers account for $1500 to (*I know this is cheap) a guy that had a good establish history. I had many offers on my eBay account, my PayPal account and even my Bank account! I had offers up to 3000+ but mostly from people with 10 feedback, or low or bad feedback, this was a concern for me. I didn’t want for this transaction togo bad on me. The info I had on selling my eBay sellers account was only what I could find published on the web and viewing what past sellers accounts sold for and that was poor at best. So I had no clue how this would turnout.

My Account SOLD! It really stated to hit me when it sold, holyshit! I put my hart and soul into my account, over the years I did my best to be a good eBayer. My motto was: I never wanted to take someones money, if they were not happy. Besides, I personally never wanted to pay for something that was miss-represented. Buying online is hard enough, alot goes into buying, mailing and waiting for the item. So I got the payment and the first thing I did was run to the bank and take out the maximum amount of money I could from my Paypal account. I started looking at my account, and stated to get worried, besides this was all my work. I have not updated my info in some time, after dealing with eBay it just became to big of risk giving them too much info, just was too much exposure, my credit card had expired, the address was 4 years old so I really had no exposure. My biggest fear was eBay shuts it down, the guy does a charge back and I am out the account, the money and left holding my dick.

What would I have done different? Because the buyer is buying my sellers account I would say the buyer has to pay the final value fee for the auction for the seller’s account. eBay has really become a different market, you can no longer sell things with thin margins.

So what happened? The transaction really went flawlessly, I was flat amazed, the seller and I got on the phone in a 3 way call with eBay support, and they made the transfer. The eBay phone support had no issue with the transfer

Cash receipt exchange [website business idea]

What is Cash Receipt Exchange?

There is little doubt of the importance of the receipt. It is easily the most important business idea of the 19th, 20th and 21st centuries. Indeed, the receipt is a powerful document. It is proof of purchase, expense, a paper trail. It is necessary for a refund or to prove expenses. An idea as powerful as the cash receipt is the ability of people from all over the world to easily share information. Cash Receipt Exchange is the marriage of these two powerful ideas. A community of individuals concerned with maintenance of their cash receipts.

Why Cash Receipts?

We have discovered, in this information age that many of our transactions are conducted with debit and credit cards. We can easily access these records through our banks and credit card statements. You, like us, easily manage proof of purchases you make electronically. Our cash receipts often slip through our fingers and are forever lost, unable to prove that expense. Cash Receipt Exchange creates a digital paper trail for cash purchases.

Here’s how it works:

If you need to maintain receipts, you upload your cash receipts. Because all of your uploads are viewable by the other members of the community, we request that you don’t post receipts made by credit cards, debit cards or that have personal information on them.

If, for instance, you are curious what a meal for two in New York City costs, you can view a cash receipt. If you need to know what a tank of gasoline costs in Albuquerque, you can search the database for a relevant receipt. Additionally, you have the peace of mind, that should you need it for any reason, your cash receipt uploaded is safely available you’re your retrieval at the appropriate time. Simple. Now you have the opportunity to consolidate all of your cash receipts in a centralized, online storage service. No more shoeboxes overflowing with receipts.

Understanding Micro lending and Microfinance

Micro lending and microfinance are two terms that are often used interchangeably.  Micro lending is making a small loan through a micro finance company to a poor individual from an emerging or third world country.  Microfinance companies establish a local contact in various emerging and third world countries, such as Armenia, Azerbaijan, Bolivia, Cambodia, Ecuador, Honduras, Indonesia, Mozambique, and other countries. Individuals with business ideas that they cannot afford to start on their own, apply to the microfinance company for a loan.  If the microfinance company thinks the idea is good, they put it out into their network of investors and seek microloans.  In the traditional world of finance, a loan of $500 would be unthinkable.  There’s not enough money involved to cover the processing of such a small loan.  But in the microfinance, a loan of $500 could be just enough to get a new business started in Bolivia that improves the local economy and the life of a family that will work that business.  Micro lending relies upon investors that are willing to make a small loan.  The investor has the opportunity for the possibility of a good result with minimal risk.  For most investors, a loss of $500 is not something they would like, but it’s not going to force them into bankruptcy either.  The Microfinance company obtains a guarantee from the entrepreneur, maintains contact, collects the payments and forwards the returns to the investor.  Really, the world of microfinance and micro lending offer a win-win situation for all involved.  Microfinance offers smaller investors or larger investors looking to diversify, a tremendous opportunity to give back to the world.  Micro lending also offers a tremendous opportunity for entrepreneurs that otherwise could not afford to start a business, a new lease on life.  Once they’ve repaid their micro loan, they are creating new economies in places desperate for any new economy.  Microlending is truly a good thing and will become even more popular as the word gets out about all of the fantastic benefits that microlending and microfinance are providing to all involved.

My review of Sprint service

About 4 days ago, I got a new EVO slider from Sprint. These touch screen phones are beyond me and I gotta tell ya… I am not really impressed with the consumer experience up to this point. However, what is interesting about this story is… My wife and I have been Sprint customers for about seven years! But after going though the entire consumer experience, I think I can shed a little light on this whole “Sprint’s unlimited bull-shit.” and “We’re cheaper than the other guy.”

I went to Radio Shack to get my phone, the guy at Radio Shack was not very helpful. So today, I called sprint to get the low-down on what I got myself into. What I found out was very-very interesting.

I found out, I have the unlimited 450 plan. I asked the Sprint rep, so everything is “unlimited?” The Sprint support said (I am quoting him) “Well…it’s not technically unlimited.” The first thing that popped into my mind, how fucking misleading is this?

I know what you are thinking… is all this foul language necessary? I think it is…

Ok, wait… it gets better!! I get transferred to the retention department because after four days and all these silly fees I am ready to quit Sprint.

I have a question? Why is it so hard for companies to just be straightforward with their pricing? I am really sick of these companies smearing their lies and misleading advertisements all over God’s creation. In the meantime, your getting horse fucked for a two year contract.

As promised, it gets even stranger. The Sprint operator proceeds tell me that there is a $5 a month fee, for a what they call a “spending limit fee.” are you fucking serious? If your hell-bent on fucking your customers with hidden cost, at least have the decency to come up with a better name.

I picked Sprint, for it’s competitive rates, but clearly I didn’t make the right choice. I told the Sprint phone rep, I think it is time for an IPhone. What was really funny, the idiot phone rep wittingly blurts-out, “At&t charges a fee for its data service!” One company calls it a “data charge”, the other calls it “spending limit fee”. I look at junk fees all the same, they are deceitful and misleading ways to build-in hidden cost.

Why broke people have bad credit

This might not be much of a revelation to many of you, but I offer you this explanation.

The reason people with no money have bad credit is, broke people have no expendable income making it difficult to pay unforeseen cost. So what happens is, the company in retaliation for not being paid marks the credit of this person, having a much greater effect on this person than  a silly $300.00 or $750.00 bill, or sometimes less. In fact, it is 100% proven, that this company gets to then use this unpaid bill as a tax write-off and in some cases selling the debt to a collection company recouping some cost, leaving the other party with 7 years of bad credit. I think bills with a original balance under $1000.00 should remain unreported, or the creditor should have to get a judgment before being allowed to mark someones credit. A lot of these charges are disputable and frivolous, and besides if later the broke customer comes up with the money it is often little to late. The reason for this all to often companies don’t report the fact you have paid them; therefore you are left the mark on your credit for seven years and they are made whole. There are lots of cable bills and other crap posted on peoples credit reports that means nothing. Companies should assume this risk when luring people in. If your a deadbeat cell phone company wants a two (2) year contract, for crappy service and then screw their customers credit up for seven years because they wont pay! Tough Shit,

So my question is this: Why can’t a person that has a limited amount of money with good judgment, have good credit? It is human nature to want something nice, then follow up on that with a risky buy, then something happens an you are unable to pay. They advertised it was a good deal, and pulled your credit, so they knew that there was a small chance you might default. You only live once, what is the harm in that?

How to Save $240 Per Year on Haircuts

Things you’ll need:


1 Imagine saving an hour of your time and a cool twenty dollars per month by cutting your own hair. It’s easier than you think and luckily “bald” is the new black. Go to your local drugstore and pick up a heavy duty pair of clippers. The average haircut costs $15 and there’s a tip so over the course of a year, you’ll save at least $240 in haircuts.

2 Select a guard for the hair length you desire – there should be several steps available. I personally like it trimmed as close to my head as possible.

3 Fire the clippers up and carefully run it through your head at a consistent angle. This will give you a uniform length. If you like it tapered, use a smaller guard and trim it closer at the neck, around the ears and wherever you’d like it closer. This is about your personal preference here. If you’re self confident and want to look rugged, just shave it all off. This will minimize the amount of time you spend dealing with your hair at all. I forgot to mention that you’ll save even more money by not having to buy shampoo.

4 Now that your head is shaved, clean up the mess and your clippers. There should be a little brush that came with them. Use a couple drops of oil on the blades to keep them sharp – as directed in the instructions that came with your clippers.

Tips & Warnings

If you have a close friend or spouse, ask them to clip your hair for you.

Put a towel around your shoulders to catch the clumps as they fall.

The hairs will get everywhere so plan to take a shower immediately after.

You can save even more money by not buying razor blades and trimming your head and beard the same length at the same time. Also saves time on shaving and not needing to buy shaving cream.

Don’t use clippers while intoxicated.

Be careful around eyebrows.


Change your financial outlook with this simple tip.

I have a friend that is second to none when it come to advise on almost any subject. He once offered me a tip that rocked my bottom line to its very core.

Going out to eat might be the single most expensive thing we do, the wife and I decided one day to not eat-out once in a calender year. To be honest when it was over, we had tons of money!

Where to find the best price?

Last week my wife bought our dog Haley a new pet bed. She went to Petco and picked one up for $20. It was too small, so we took it back and found a bigger one for the same price at Farm & Home. We were at Ross, dress for less, look like a mess and they have pet beds for half the price. In fact they had quite a few pet items that were much cheaper. Haley likes to chew pig’s hooves and they cost two bucks a piece at Petco. Susan found two attached to a rope (a fantastic dog toy) at Big Lots for a buck fifty.

When it comes to finding the best price for any consumer good – from apples to zinc – how could anyone possibly find the best bargain?

Dovetail this thought with the idea that was in the forefront of my consciousness this morning – the notion of community. Literally, a community is a group of people with a common interest and a common geographic location. Of course, the internet has changed the idea of community, removing geographic bonds in many instances. Relating to purchasing everyday consumer goods, community is still geographically bound. ie. the Big Lots on Appleway in Coeur d’Alene has pig’s hooves on a rope for a buck fifty and the Big Lots near you might not. Wouldn’t it be great if you could check with a community of shoppers who have taken the time to identify the best bargain on a particular item? Of course it would and I could create an online community but I fear I would be the only one uploading anything. There would be no shortage of people searching for the best price but I imagine very few people would be willing to take the time to upload their found bargains. I might be wrong about this. Facebook seems an example of community where people are willing to upload their information, rather than just search for others input. But even at that, people are really interested in navel gazing. It’s a community of ego stroking, time passing, game playing, Jesus is this day going to ever end, kind of activity. Facebook is perhaps one step above apathy.

Is anything meaningful being uploaded to the internet? Or is it all really just one giant advertisement?

Since I have this platform for random ranting, and since I already posted on Facebook this morning, I’ll continue. What I’d really like to see is a site that has a simple premise. Enter your city and search for an item that you want to buy. Everyone enters the location and price of items that they’ve purchased. I don’t have time to drive to every possible store to check out the price on any given item. I can check online prices but there’s discounts all over the place – moving sales, liquidations, or just plain stale merchandise a store wants to get rid of. Besides, I don’t want to wait 3 weeks for the dog’s chew toy and maybe that’s a bad example, perhaps it’s a television or a BBQ – whatever. I want to drive right to the store, know what the price is, know that it’s the best price in town and blamo, I buy it and feel good about it instead of finding out later that I overpaid like a sucker.

Who likes feeling duped when it comes to consumer goods?

I know what I’d like to see and I’m sure there are others who would like the same. Maybe this already exists and I just don’t know it. If you know, would you throw me a bone? I’m done for now. Must get some work done, post on Facebook, check some emails and figure out how the hell to get through this day.

How to deal with the real problems

Debt is caused by spending more money than one has, taking out a loan and building interest, or exceeding one’s credit line. Debt is also caused by job loss: getting fired, quitting or being laid off. Sometimes debt is much more than a problem with saving money or keeping track of finances. Debt can result from a gambling problem, substance abuse, or compulsive shopping. Spending money feels powerful for the buyer when the person feels powerless in other areas of one’s life. Constant phone calls and visits from bill collectors make the ordeal even worse. This problem can cause secrecy in the home, such as refusing to answer the phone, or making the family hide when someone is at the door. Children become confused and wonder what is wrong, and the spouse can get angry or depressed because of this problem.

Who is In Debt?
There are two groups of people that are in debt.

  • Group 1 – are the reckless people that don’t care or have spending problems.
  • Group 2 – are the people that make a lot of money, or they are in the middle class, but they all have one common thread – they made a few mistakes and got in over their heads. There are many ways to get in debt, but it’s so hard to get out.

Consumer counseling agencies are just as much to blame. The last thing you need when you have debt or credit problems is someone that is looking to get more out of your pocket. So where do you turn if you don’t have anyone on you side? See our Hardship Programs area for more guidance.

Debt causes an insurmountable amount of stress. Physical symptoms may develop over time: headaches, migraines, digestive problems, nausea, insomnia, chest pain, skin breakouts, body aches, and being more vulnerable to sickness. Stress also has a long list of behavioral symptoms: moodiness, restlessness, irritability, inability to relax, feeling overwhelmed, feeling hopeless or depressed, inability to concentrate, poor judgment, being pessimistic, anxious thoughts, constant worrying, and memory problems. The long-term affects of stress on the body can result high blood pressure and high cholesterol, obesity, ulcers, heart disease, diabetes, asthma, infertility, autoimmune disease, irritable bowel syndrome, and more. All of these symptoms affect the lifestyle of the entire family. Often what happens is a snowball affect: when one area of one’s life falls, the problems become larger and more varied and often exacerbates the first problem.
Fights are more likely to occur in a family struggling with debt. Money is a constant topic in arguments and every other problem seems to stem off from this one issue. Being in the home may feel like walking on eggshells. Everyone is filled with tension and the tiniest thing may set the family off and cause another outburst. Abuse may even occur or get worse when money is the central issue. Paying attention to the children may be lowered on the priority list, especially when one or both of the parents will have to get a second job. This will damage the relationship between parent and child, and they will have to grow up fast in order to become independent at a young age.

Money problems will also cause other problems, such as being behind in bills and getting the heat, water, or electricity shut off. It may also be difficult for the family to afford groceries and necessities for the family. Children may become confused when the television no longer works or when the family may have to sell their possessions. Holidays will become stressful when the family can barely afford to buy gifts or create a nice dinner. Instead of spending time buying healthy food, the family may turn to the quick, stress-free fast food restaurants, further damaging their health and causing other problems.
Debt also creates problems for the family in the future. With bad credit, banks and car dealers will not want to hand out loans. This makes it difficult to buy a new car, a new home, or take out a loan for other purposes. If taking out a loan is possible, the interest rates will skyrocket due to the bad credit. Employers sometimes do credit checks, which will hurt one’s chance of being hired, even if the person is the most qualified for the job. Even if the person is responsible and loyal, the world will now see them as high risk.

Congratulations, you have chosen to take the first step to make you future better. You will feel better about receiving a credit rating that you desire. First, you can make a difference in your credit. You should not need to use any services to make the changes that will help you. These changes are going to take time, and it can be frustrating. It is important to realize that there are no quick fixes. Any legitimate plan to improve your credit will take 6-24 months before you will start to see real results. One of the most frequently ask questions is: Will my credit be so good that I will be able to buy anything? The answer is simple – you get out what you put into it. The extra steps you take for your credit will improve it no matter how insignificant you feel it is. The minimal amount of reading you do on the subject will only benefit you. If you use the information provided from the book and research the info on the quality websites I provided for you, you will find yourself with the information you need to have the credit you always wanted.

I want to cover all the aspects of credit in this book. I will give you valuable information about credit cards, fixing credit, and using credit responsibly. Being in debt affects more than just your financial life. It creates stress and can be a time bomb in a house full of your loving family. It is important to take care of your debt for the betterment of your family and your self.

The Fair Credit Reporting Act:
This Act regulates the collection and use of your credit information. This law protects the information of credit card holders. Consumer Reporting Agencies have to abide by several rules, entitling you to certain rights, including one free credit report each year, and defining how long negative statements must be displayed on your report. This law also forces companies and employers to notify you if they have read your credit report and act negatively from this information.

Have we become so reliant on credit and cards that we are a victim of our own convenience? The banks are taking a full press on our money. The return check fee once was only 12.00 dollars. I can see what has changed. Everything is more automated and should be cheaper. But is the bank passing the cost of doing business and the risk on to its customers? The banks bait you with convenience and charge you later. The best example is the Automatic Teller Machine (ATM). This use to be a free service to all banking customers, but now it has become big business. If you make $40,000 a year, your bank is making $3600 a year. This may be a low number for many. But now your local businesses have jumped on board and started to charge fees anywhere from .25 cents to a whopping .99 cents to process your debit card for your favorite meal. You need to ask yourself when is the last time you cancelled a transaction for a fee? We as hard-working customers need to draw the line and take our money back.

Inflated Cost Of Living:

  • Restocking fees
  • Money transfer fees
  • Growing gas prices
  • movie tickets
  • Energy cost

Hardship Programs:
If you don’t have any money to pay or get into a spot that you can’t get out of, the best way to look at your situation is to realize this is not going to get fixed over night. And when you are starting to accumulate debt the best thing to do is to call the companies that you owe money and start working on all the details. This is best done if you got all the bills together and get a number that you can pay and work with the creditors. Most companies will appreciate you trying to settle your debt even in a difficult situation.

A good rule of thumb here is 50% of your total debt. Most collectors will settle the debt at this rate, and some will go lower. The best time to contact them is at the end of the month. Do not settle for more than you have.. Cutting your self short is the worst thing you can do. Start low and take your time. Do not feel rushed even when you are being rushed by the collector. Do not be intimidated.

Opt. Out:
Going underground is not a fool proof idea, but it is effective. There is some other stuff you can do to make this a better plan. Once you quit paying, you must save your money. Your creditors might not give up on you as you give up on them.

Paying Bad Debt:
Here are some helpful hints and things you need to think about before making up your mind to pay.

  1. What is the statue of limitations for your state?
  2. Depending on the time frame, how much is the debt going to settle for?
  3. Many experts suggest to never settle a debt that can not be removed. This might be the only chance you have to settle for deletion. The collection agency has little power to change your credit history as far as the credit.

Paying old debt:
Many people pay old debt out of guilt, but this is the worst reason to pay the debt. If you are looking to make amends for your old debt make sure you call the place you made the debt at the first place. Two things they

are likely to tell you:

  1. The debt was sent to collections and you need to contact them
  2. We are happy to help you!

The first is the most likely to happen, and now you will have to pay a collection agency instead of the company. You will have to pay the debt in a time frame of 3-6 months. The figure is likely 30% to 60% of the total debt. This number decreases after the debt ages a year. After 24-60 months you are being sold for pennies on the dollar. So, when you paying, you are paying to the highest bidder.

Stop Getting Calls:
The law allows you to make those annoying phone calls stop. Your phone will stop ringing off the hook! If a collection agency is over stepping its boundaries and calling you night and day, then send a “Cease and Desist Letter.” You can find a pre-written one online. Send this to the collection agency, and it will truly stop them in their tracks. Only send the letter if the collectors are being unruly and abusive.

Record phone calls:
*There are many laws to follow here. First, you need to look up the laws for your state on recording phone calls. Then, tell them you are recording the phone call. This often will lift the quality control and your experience. People do not like threatening people when they are being recorded. This will move the control back into your hands, and they will be more careful when talking to you. If they have a problem being recorded, tell them to hang up.

Credit Repair Facts:

  • Your score is not going to change over night.
  • You are having good success if you change your Score and have 3-5 removals.
  • Will everything come off you credit that is bad? Unfortunately, this is not likely to happen, but with some time (12- 36 Mo.) and work you can have some good results. Beware!

Since we can not list the credit issuers here we are just going to have to give you the warning signs. We know that most of you out there want credit, but in the long run it just is not worth it. If you have to pay something up front (even if they are going to help you out and put it on your balance) Any interest rate over 12% -24.9% this is too high to practice responsible borrowing

The #1 reason your broke

Have you ever thought why in the hell am I so broke?

Your car payment!  Cars are totally overrated in our society.  You need to get from A to B but do you really need a $32,000 Sienna to get you there?

If you have a normal car with an average loan payment, I would say you pay about $300.00 a month.

If you pay car insurance (and you do because it’s legally required in all 50 states), most likely you pay $125.00 a month.  ( I have 0 tickets and 0 accidents, an I pay $101.00 a month.)

If you pay car registration(again, of course you do unless you’re living in the country illegally), you most likely pay about $150.00 a year.

For maintenance and up keep of the motor vehicle (breaks, oil, fan belts, smog, tires, cleaning blood out of the trunk, wiper blades) I would say you spend at the very-least $500.00 a year.

I think most people pay about $60.00 bucks a week in gas.

Do those figures look about right to you?
It cost you about $8950.00 a year to drive this car. I think most of you would agree, these figures are low.

It was shocking even for me to see.

Now why in the world do people spend so much on their cars??  We’ve been programmed from a really early age to view our self worth by the car we drive.  Sounds ridiculous?  Perhaps–particularly when you consider that a car is a depreciating asset.  That just means, and you know it when you’re upside down, that from the moment the car is driven off the lot, it decreases in value, although your payment stays the same.  And many people, to afford the high sticker prices on new cars will take a 7 year loan.  Do you know what that car is worth at the end of 7 years?  Most likely, it’s very close to inhabiting a junk yard which if you haven’t seen one of these auto graveyards lately, it’s an eye opener.  As a society we treat cars as disposable items.

You want to stop being broke?  Seriously, get a reliable used car that somebody’s already taken the hit on its depreciation and keep it maintained until it can no longer drive.  I read in the book the Millionaire Next Door, that a majority of millionaires polled said that they NEVER buy a brand new car, they look for a two year old car in great shape.  They don’t care what other people think of them about the car they drive, why should you?

Ten biggest mistakes broke people make

There are some obvious reasons people stay broke; unemployment, underemployment, sick, disabled, lazy or unemployable.  If you’re working, living paycheck to paycheck, and feel broke all the time, check out this list of the top ten reasons people find themselves poor.

1.  Borrowing money to get out of debt.
There’s an old saying, “robbing Peter to pay Paul,” which basically means borrowing money to repay debt–and it’s a bad thing.  Here’s why:  When you’re in debt, your first priority should be getting out of debt.  Many people made the mistake of taking home equity loans to pay off school loans, credit cards and consumer loans.  When the housing market fell out and they found themselves upside in their house, they already had a new batch of credit card and consumer loans –and they lost their home.  When you’re broke, the rate of interest you get on these loans is higher than when you’re flush with cash.  Don’t ask me why this is, it just is.  Also, people that are broke often borrow from payday loans or pawn their stuff and the interest rate is astronomical.  If you’re broke you need to be “all cash, all the time.”  If you don’t have the cash for it, you can’t afford it.  And don’t borrow from family and friends because when you can’t repay it and you won’t, it causes break-ups of these relationships.

2.  Recurring Bills and Auto Withdrawals
Recurring bills are those things you purchase and pay monthly for, ie.  insurance, cell phone, cable, broadband, movies, music, utilities, etc.  You know it’s recurring because you’re either in a contract or if you don’t pay for it, they shut it off.  If you’re broke, you should look at every single recurring bill, decide that you can or can’t live without it and get rid of it.  Because of online banking, many people take on new recurring bills and set them to auto pay.  While it may seem convenient to do this – if you’re living paycheck to paycheck, there will be a day when there’s not enough in the bank to cover that auto withdrawal and that will cost you $35-$55 per occurrence.  Shut off all auto pay and manually pay those recurring bills, a $5 late fee is better than a $50 overdraft charge.

3.  Dining Out/Fast Food
As a culture, we’ve gotten lazy about our food preparation.  Everyone has to eat and there is always an expense to it but eating out regularly is a recipe for being broke.  Taking your lunch to work will save you hundreds every month.  Eating in can save you thousands in a year.  And realize this – when you do go out to eat, the most expensive thing you can do is drink something other than water.  At fast food restaurants, they’ll sell you a double cheeseburger for $1 and a large Coke for $1.75.  Where do you suppose the profit is for them?  If you’re in a restaurant and order beer and wine, you’re likely to double your ticket.  If you want to stay broke, keep eating out, order the so-called value meals and pay retail for liquor.

4.  Not saving money.
The silliest thing you can do with your earnings is spend it all every check.  The old saying pay yourself first should be your rule.  Yes, this can seem hard at first, especially when you’re broke but it’s the only thing that can provide you a light through the broke down tunnel to financial freedom.  When you get paid, take ten percent of it and put it in savings.  Then when your car breaks down at least you can get it fixed without having to take a payday loan or borrow money from family or whatever.  You might even be able to take an opportunity that can make you more money if you just had a little you could invest.  Broke people consistently spend everything they make – don’t do it.

5.  Mishandling creditors
This is a huge area of being broke with many aspects.  Mishandling creditors includes not communicating with creditors when you have a problem.  Most creditors will work with you if you cannot pay one month.  You can call and negotiate settlements of old debts.  You can even call and get a lower interest rate on most loans.  Broke people stick their heads in the sand with regard to their problems with creditors.  The result, poor credit history, increased rates, collection calls, lawsuits and finally lack of any credit whatsoever.

6.  Not staying current
In addition to mishandling creditors, many broke people just cannot stay current with their bills.  When these are “optional” bills like cell phone, cable, movie rentals, and other luxury bills, this is just stupid.  Late charges, suspended accounts, bad credit reporting, are just a few of the problems that come from not keeping current.  Staying current is really just paying attention, particularly if you actually have the money to pay.  Maintaining your mail is a must and timely writing the check is essential.  Don’t be silly, pay those bills on time or get poorer.

7.  Sin Taxes
Ok, so you like to drink, smoke, take drugs, go to strip clubs, whatever.  Know that the one pack of day smoker pays at least $150 per month for tobacco.  Do these things if you want but know that they’re all heavily taxed, leave you nothing to show for your money and are a reason that you’re always broke.

8.  Making unrealistic promises.
Every broke person knows this situation:  your cable is due to shut off on Friday so you call the provider and tell them that you’re expecting a check on the following Monday if they could just wait.  They might but that check you’re expecting probably won’t arrive.  Unfortunately your best bet if you’re unsure is to just let the cable go – if you’re broke you shouldn’t be watching tv anyway.  This goes for all credit accounts and loan repayment obligations.  Don’t promise anything, just pay when you can and negotiate to get rid of it as fast as possible.

9.  Excessive Consumer Goods
We live in a consumer based economy and are constantly bombarded to buy new stuff.  What broke people tend to do is when they get paid, they buy new stuff.  If you’re broke you shouldn’t be buying stuff, you should be selling it.  You should try to recoup your losses on luxury items and non-necessities you’ve purchased over the years.

10.  Ridiculous Repayment Programs
Sometimes it’s helpful to consult with a professional about how to go about getting out of debt but under no circumstances should you sign up for a debt repayment program.  What happens to you in those is worse than filing for bankruptcy and they’re profiting at your expense.  If you really want to get out of debt and get some financial freedom, make sure you’re not guilty of numbers 1-9 of this list and do it yourself.