Kirberts finance advice and news

Paul S. Damazo

My most favorite story is that of Arkad, The Richest Man in Babylon. In my opinion, the most fascinating paragraph in the story is: “Arkad was famous for his wealth, kindness, and generosity. He gave graciously to charities, was generous with his family, and liberal with his own expenses. Arkad was rich and generous, and each year his wealth increased faster than he spent it.”

Be honest, wouldn’t you enjoy having all the good things in life and still have your investments grow faster than you could spend them?

What if you were to make this prospect a reality so that you can enjoy your wealth at the youngest age possible? Make a commitment now that you want to be like Arkad, wealthy while young.

DEBT LOWERS YOUR STANDARD of LIVING-each and every month! Every penny you pay in interest is less money that you have for you and your family! The average family pays almost $11,000 interest on credit per year, or $916 per month. Imagine what you could do with an extra $916 per month!

Everything you purchase delays your financial freedom, plus you have to find a place for it and clean it weekly. Avoid impulse buying or “malling.” Credit takes more money away from you, keeping you from achieving your financial goals. We have been brainwashed into thinking that we cannot live without credit. This is a false, ruthless idea that will rob you blind. Do not be fooled.

IRS studies show that 96 out of 100 financial failures are caused by the inability to delay gratification. They bought on credit and gave their future away.

ADVANTAGES WHEN YOU ARE DEBT-FREE

1. Financial freedom for you and your family

2. 80% more after-tax dollars to spend how you choose

3. You will build savings and become your own banker, credit card company, etc., by investing the money that had been going to debt-elimination payments

4. Your home is paid for, free and clear

5. Your car(s) are paid for, free and clear

6. Many more options

7. You have cash on hand for anything

8. Create more peace, calmness, and enjoyment which will add more years to your life, lower your medical bills, AND you can have a more romantic life

9. No credit card or installment loan payments

10. No boss can hold a job over your head

11. No possibility of bankruptcy or home foreclosure

12. No liabilities

13. Never have to worry about a credit rating as you will never need credit again

HOW to QUICKLY BECOME DEBT-FREE

ACHIEVE the American Dream-You want the best for your family. So husband, wife, and children agree on the concept and details of getting out of debt. Your family agrees:

1. That being debt-free will benefit the entire family.

2. You will be one of the 30% of Americans who have the means to pay for what you need, when you need it, so you won’t be living paycheck to paycheck.

3. You will be one of the 4% who retire rich.

4. That credit has short-term gain and long-term pain.

5. You will practice delayed gratification.

6. To spend money only on the necessities.

7. That if you want things and more things, you will pay cash.

8. To focus all available money on the bills until you are debt-free.

9. To cut up the credit cards.

BECOME a CIA Agent-Take a small notebook or index cards and track every penny and dollar you spend and what you spend it on for a week-just a week. Track all the cash you spend, the checks you write, the charges you put on your credit cards, and all automatic bills paid. At the end of the week, on another sheet of paper, list each expenditure under these headings: Necessity, Convenience, Indulgence, Appearance. How quickly would your debts be paid off with the money you are currently spending on Convenience, Indulgence, and Appearance?

QUICKLY become debt-free-here are a couple of methods. Specific details for each method can be found in Chapter 8 of 80 Proven Ways to Become a Millionaire. Choose the best way for your family and, then, follow it.

Method One is Power Pay-The first method is to pay off each debt one by one. Make a list of all the debt you owe, including your home. Implement this plan by paying off your smallest two debts first, regardless of interest rate. Having them paid off will give you and your family a positive psychological boost.

Method Two is Credit Consolidation-This applies to all your credit cards and loans only. The average household uses 14.2 credit cards. Just think of the time, cost, stress, and loss of prime family time given up each month to keep track and audit all those credit card statements.

Remember that Wealth is a Matter of Choice-Yours Alone. Choose today to become a millionaire, to focus on your wealth creation, to create a life you love for you and your loved ones.

80 Proven Ways to Become a Millionaire includes author Paul Damazo’s proven investment strategies that earned him an annual average return of 15% or more for the past 50 years. He wants to improve the financial literacy of each person in this country. Visit 80 Proven Ways.

Treasury Secretary Henry M. Paulson, Jr. Thursday released
recommendations from the President’s Working Group on Financial Markets
(PWG.)

To address the current financial situation and to guard against a
repeat in future years the PWG made six broad
recommendations:

Read More Now

Ted Batron

There are a lot of reasons that people end up in debt. Unfortunately, for most, the reason seems to be overspending and a disorganized or absent system to manage money. Usually its a little bit of both.

There are legitimate reasons for being in debt. Job loss, and other factors. Whatever the reason, it is important to eliminate the debt, and not incur any more!

Here is the top ten list for eliminating your debt. Its not always easy to follow. But it is vital that you use this list as a guide. These ten rules will get you out of debt, and keep you out of debt in the future.

1. Make a realistic budget. Get all your bills written down. You have to see it in front of you for it to work. Make sure that the total of all your bills and expenses are within the amount of money that you earn. If your total bills and expenses are more than 90% of your income, you will need to make some changes.

2. Use the payment snowball to get your credit cards and consumer debt paid off. If you have a little cash and can afford to make a lump sum payment on your cards, pay them to below 50 percent of the card limit. This will increase your credit score. If you cant, then just begin to use the payment snowball system to pay off your cards beginning with the highest interest rate card. After its paid, cut it up and close the account.

3. Use cash! Keep only one credit card, in a drawer in your house. Don’t carry it with you. It isn’t real money. If you need a new refrigerator or an emergency car repair use it. But never allow the limit to exceed what you can easily pay off in 3 months. If you can afford the refrigerator with in cash, use cash.

4. Use direct deposit for you paychecks, and have a limit on what you can withdraw for personal use each week.

5. Make a commitment to reduce optional spending. Subscriptions, dining out, anywhere you can cut your expenses improves your situation.

6. Your home and housing expense should total less than 33 percent of your total household income. Talk to your insurance agent and see if you can reduce your mortgage insurance. Try to get a lower interest rate on your mortgage - make sure you understand your mortgage. NO, you cant get a million dollar loan for 1500 a month no matter what the predator on the other side of the table tells you. Go online and use a mortgage calculator to determine what your real, actual, fixed monthly payment is at the interest rate you want. If that amount is more than you can easily afford, then you may need to get an extra job. Also, some utility companies offer more economical utility plans. Check with your local utility provider.

7. Debt consolidation loans are a trap. If that sounds like a blanket statement, it is. If you have convinced yourself that this is the only way out, be careful. MAKE SURE that the total loan payment is actually less than you are paying on all your debts separately. If you can save money, and if you close ALL the paid off accounts immediately, then it can work. But remember, you have mortgaged your house to pay off a credit card. If you can’t pay the card, you can always file bankruptcy. if you can’t pay your mortgage, they will take your house. Be cautious!

8. Contact your creditors, and stay in contact with them. See if you can get a reduced interest rate. Some creditors will even eliminate the interest rate. Some are willing to work out optional repayment plans so they don’t have to resort to using debt collectors.

9. Become a great shopper. Become a coupon clipper. When your making a larger purchase, be sure and shop around. Negotiate. If you find a better deal somewhere else, let the salesman know. See if they can beat the price.

10. If you have the option, work some overtime now and then. Use the extra money to eliminate the debt. If your job doesn’t offer any opportunities for overtime, think about a small home business, or finding a part time job. Keep your eyes open and opportunities will turn up.

If you don’t think you can do this on your own, bankruptcy is probably still not the solution. It will leave you in financial ruin for at least 10 years. There are other options. Debt reduction specialists can be a huge help. Again, be careful. Some of them charge as much as 20% of the total debt as a fee. If you owe 20 thousand in credit card debt, thats $4,000.00 dollars. That 4 grand would have eliminated a lot of the debt. So, again, shop around even for help eliminating the debt.

Are you ready to get control and eliminate debt? You really can Eliminate Debt and Get Your Life Back without filing bankruptcy and destroying your financial future. Take the first step to getting control now. Find out what the debt peddlers don’t want you to know!

DETROIT - Chrysler LLC has said on Thursday it would shut all but its most essential operations worldwide for two weeks in July, a first for the struggling No. 3 United States automaker as it attempts to cut costs and preserve cash.

NEW YORK - Home foreclosure filings in February edged down from January but were a whopping 60 percent higher than a year earlier, real estate data firm RealtyTrac has said on Thursday.

Derek Rogers

Free telephone numbers are sold by many telecom companies on the internet. These telecom companies make profit from selling customisable cost free numbers to the business agencies that require cost free lines or lines with incredible call rates for their customers. These numbers help to serve the customers of the company better. Some of the telecom companies on the internet offer outstanding good deals on 0800 numbers that will help the companies get closer to the customer and serve them better. These telecom companies can be accessed easily by a quick Google search. Also, these telecom companies have several specific services for numbers of 0845 type and 0870 type.

Every company will benefit if they have a 0800 free number. These numbers will encourage the customers to call the company to place orders or to give feedback. This will help the companies to increase their sales. These 0800 numbers are sold via the internet, they help the company to grow. The free numbers that are purchased from the telecom company advertises and expands that companies range. Therefore both the parties benefit from this symbiotic relationship as the business of both parties is taken to an ever increasing audience. These cost free numbers most definitely help a company to succeed.

There are customisable numbers that can be bought from the various telecom directories that are easy to remember. With an easy free number, the company will gain almost free advertisement and instantly become popular. This popularity will then be converted into sales with great ease. The more customisable a number is the more costly it will be, but the cost of the number is almost nothing to the publicity that a number gets.

A 0800 number works by diverting the call to a target number. This target number can be a mobile or a landline. You can register this whilst purchasing the 0800 number. There is a monthly rental charge for these but it also includes some amount of free calls. This amount is therefore sufficient for small businesses. A minimum term contract can be taken out for about 6 months. You can also change the target number for absolutely no cost at any point of time. There are options to divert the calls to the 0800 numbers direct to mobile phones. This does not include the extra charges that you might have to pay your mobile or landline service provider for switching between the on and off divert option. For that you have to contact the service provider of your telephone service.

Also with these numbers you can get the CLI (command line interface) service to find out who is calling you. The calls are connected straight away. Most of these services that are available online are prompt. You can order a number and you will have an activated line within minutes. If you are starting a new business then these numbers will help you to give your business that head start that it needs.

This is most definitely an investment and opportunity that you wouldn’t want to miss.

Derek Rogers is a freelance writer who represents a number of UK businesses. For telephone services, he recommends Telecoms World, one of the UK’s leading suppliers of freephone telephone numbers.

NEW YORK - A former Morgan Stanley trader and his brother-in-law pleaded guilty on Thursday to conspiring to defraud the bank in a case involving phony finder fees and kickbacks in the stock loan industry.

WASHINGTON - Consumers cut their spending in February and the labor market continued to weaken, suggesting the pillar that had supported the economy’s expansion may be giving way.