Financial Excellence

06 Apr Free Credit Reports Now Required to be…Free?

I know, it's confusing. As of April 1st, the government is requiring FREE credit reports to be, well, FREE. Why do they have to do that? Actually it's quite simple. For several years you've been bombarded by commercials promoting "free" credit reports that were really just trial versions of a credit monitoring system. Websites like would lure you in with catchy advertising and a free credit report but you had to sign up for a trial period of their other services. It's now illegal for these sites to do this, which is the government's way to protect you from harming yourself.
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30 Mar Why I Decided to Become Debt Free

[caption id="attachment_1888" align="alignleft" width="150"]choose your path Choose Your Path[/caption] I was sick and tired of owing someone else. I was tired of making payments to the bank that should have been going into my retirement account. I wanted to be wealthy and in control of my money, and I finally realized that as long as I was sending money to someone else I would never reach my goal. I always knew debt wasn't smart but I had always accepted debt as a way of life. It wasn't until I was in my thirties before I finally realized that only normal people accept debt.
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22 Mar Myths vs. Truths – The Truth About Car Payments

- Exposing the false beliefs of the financial world Myth: Car payments are just a way of life. You'll always have a car payment. Truth: Car payments are NOT a way of life. In fact, they're a really, really bad idea. The truth is car payments are not a fact of life. The average millionaire drives a used, paid for vehicle.? Don't think they bought it new or paid cash for it because they have millions of dollars. They have millions of dollars because they pay cash for cars and avoid payments like the plague. [caption id="attachment_1733" align="alignright" width="150" caption="Why would I finance this?"]Couple looking at car[/caption] Why? I'll say it again. Because car payments are a bad idea. Loans in general are not smart, but they're an especially bad idea on something that drops in value so quickly. A new car loses 50% of its value in the first four years.
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