Dave Ramsey’s Town Hall for Hope - inspiration to get debt free?
Hi, have you heard of Dave Ramsey’s Town Hall for Hope event? It’s coming up fast- it’s scheduled for April 23rd, 2009 at 8 pm Eastern Time, and it’s going to be broadcast across the nation in many locations (primarily different churches but also other venues that have signed up to broadcast it). This event will feature Dave Ramsey giving insights as to our current economic turmoil, how it got the way it is, where it’s heading, and he’ll also be fielding questions from folks about money, finances and getting out of debt. To find out where you can attend near you, use the search tool by zip code here: http://www.townhallforhope.com/index.cfm?event=displayAttendEvent
Apparently you can submit questions through their youtube page and other means, if you’re interested in giving that a try. I’m sure he’ll have plenty more questions than time to answer, though!
I’m wondering if it’s going to be primarily to inspire us out of the gloom and doom we hear daily through the traditional media and news outlets, and/or if the information shared will have more “meat” and tips folks can implement into their financial plans.
Let us me know what you think/thought of the event if you attend and any new insights or financial goals and plans you make that are inspired by this Town Hall for Hope.
Liz
IDA’s: Help for low income “savers”- double or triple the money!
Have you heard about these? It’s called an IDA or Individual Development Account and it’s meant to help those with low incomes and low or no assets. Here’s what’s intriguing about it, if you qualify- you can get help from some local organizations in the USA and the government to the tune of investing or saving some money and getting up to a 2 to 1 return on your money! I read an interesting article about it where this organization is helping folks save money- up to $2000 per year of their own money- and then the organization and goverment funds match or exceeds it and gets put into that special savings account for the client too. So the client puts in $1, and they get a $2 match- that means after a year, their $2000 turns into $6000!
You have to see if you qualify and if there’s an organization in your city that is offering the program. It is meant to help people save money for one of only a few important and specific goals, such as for a home, for college, or for starting your own business- and organizations can set other limits on how much per year and how much they’ll match. Also, there’s usually a requirement for the client to have to take some financial education classes that are typically offered through the coordinating area organization. Sounds intriguing for folks who are struggling and would want to tap into some government help that’s available.
Here’s the link to the original article about the IDA and an organization in some local area that’s doing this: Individual Development Account Multiplies Savings for Low Income Savers
Have you heard about these IDA’s? What do you think about it all?
Some Debt Settlement Companies Fail Consumers Who Want to Become Debt Free
Buyer beware and risky business are two slogans that come to mind now as more reports come out concerning more debt settlement companies failing consumers who sign up with them in their quest to become debt free. Struggling and debt ridden consumers sometimes turn to these debt settlement companies who offer to settle the consumers’ debts for far less than what the consumer owes and less than the original debt amount, for example, on a credit card.
It turns out that most of these companies charge up front fees (numbers often range between 10-15%), monthly fees (the Wall Street Journal writes these charges can be, for example, $50/monthly), and sometimes even a percentage on the back end too based on how much a consumer “saves” in not having to pay the credit card company. If all that wasn’t enough, the real problem is that the consumer can suffer just as much, if not more so, in the end, if they wind up using a debt settlement company that fails to get the job that is promised done. So, for instance, you might consider that they have failed you if they only get part of the job done or not done at all, in terms of how many debt accounts they succeed in settling for you for a lower amount.
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Constant Credit Card Payments
Constant Credit Card Payments
By Terry Rigg
I recently completed a Debt Elimination Summary for a couple that had $46,500 in credit card debt on 6 credit cards. Most people would be considering filing bankruptcy in that situation but this couple were determined to pay it off.
Here are the results of the Summary:
They were already paying $785 per month on the credit cards. They decided they could afford to pay another $200 to eliminate their debt sooner.
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Wholesale Prices and Make Your Best Offer Prices…
Here are two possible resources for you if you’re in the market for any of these things. Then it could make sense to check these out…
Wholesale Prices…
90% Discounts On 1,500,000 Top Designer & Brand Goods! BONUSES: FREE Web Site, FREE Paid Surveys & FREE Paid To Read E-Mails - Wholesale Portal - Access to over 1,500,000 wholesale products. (Dropshippers & Liquidators) Buy top designer products at 90% discount and SELL on eBay, your website, local…
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Several Make Extra Money Resources and Ideas
Make Money Online Ideas
New! Huge resource, plenty of advice, step-by-step plans by average folks who are really doing it.
20 Ways to Make $100 a Day Online
If you’re wanting to make money online, here’s a chance to earn two-tier commissions. It’s on a woot-like “deal a day” site but features internet marketing and online business products that internet marketers will need and want. You’ll make money as an affiliate two levels deep! And, it costs NOTHING to join and tell others about it. So
go get set up now!
Preventing Bankruptcy Tips
Preventing Bankruptcy Tips
There are some things that you can do early on to avoid having to file for bankruptcy. It is very important that you figure out if any of these things can be done because that will help you avoid long term financial distress that can haunt you for quite a lot of years. You are going to find that even if you file for bankruptcy and are able to be absolved of some of your debt, it is going to be disastrous for your credit for at least 10 years. After bankruptcy is on your record, you are going to have considerable trouble, if not flat out denials, if you attempt to get more loans or other types of credit.
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