Tony Boeckh: It's time to open the money spigot

Jim Flaherty, the Finance Minister, continues to receive a lot of conflicting budget advice ... to pay down debt. Monetary policy alone cannot turn this situation around. It doesn’t matter how ... . Businesses and consumers are trying desperately to pay off debt and to survive. To prevent [more...]

Date: 2009-01-08 01:36:11

Blog posts (16) | Videos (21)
 

Money money money

I’ve been thinking about posting a little bloggy on money, mainly on budgeting, and thought January is a good time to think about our budgets, debt, ... into specific measurable goals such as exactly how much you’ll pay a month to erase the debt ... , to leave your comments with any advice or thoughts to add! Photobucket Let’s talk about debt [more...]

Date: 2009-01-14 06:04:46

The Dirty Secrets of Debt Reduction (and What to Do About Them)

When I was a sophomore in college, I got my first credit card. I thought it was awesome — it was like free money ... to pay off debt. I was arrogant. I believed this advice didn’t apply to me. But then my car broke down ... , and then paused my debt elimination plans for a few months in order to stash $1,000 in the bank [more...]

Date: 2008-07-17 12:00:34

Practical financial advice for the new year

Despite the fact most Illinoisans attention has been diverted towards the Governor's possible impeachment, ... also consider in facing the budget crisis:  Live within your means. Pay off debts ... with a dragging economy, possible layoffs, pay cuts, and rough financial times -- cutting into the state's [more...]

Date: 2009-01-02 14:52:48

Deep Thought

The fact that more than two and a half million jobs were lost in 2008 proves that upper-class tax cuts are great economic policy. And thank God we took the advice of the great Alan Greenspan and didn't pay down the debt too quickly; that was always a serious risk and we sure couldn't use that money now. [more...]

Date: 2009-01-09 16:48:00

Stand Against Adversity

Dear Aunt B,I saw your web page and would appreciate the opportunity to ask you for advice ... many years; she has accumulated a credit card debt of over $30,000, and a few years ago, she had to borrow $40,000 on her house to pay off a similar credit card debt accumulated in the same manner [more...]

Date: 2009-01-08 16:52:00

Advice to Pres. Obama #1: An Actuary's Impractical Perspective

The suggestion was made to Oil Drum staff that some of us might want to write recommendations relating to President Obama's energy policy ... our financial problems behind us. This is a tough one. There is vastly more debt in the world than can ever ... . A fractional reserve banking system requires continued growth, in order to pay back all of the debt [more...]

Date: 2009-01-12 14:42:43

Repairing Your Credit

We’ve all seen them. “Send me 99.95 and I’ll fix your credit and you can get a one million dollar credit card tomorrow ... your credit. It is not meant in any way to be legal advice. We will discuss several things in this article such as how credit works, paying or settling debts, credit repair companies, and establishing new [more...]

Date: 2009-01-12 01:08:35

[IMG Woman in debt, bills, statement]

Woman in debt, bills, statement Will the UK pay full Icesave compensation? Ask an expert: Would the UK system be liable to pay the full £50,000 compensation if Iceland found ... Income bonds GO Consumer advice Shopping Your rights Buying and selling a car Holiday GO Credit [more...]

Date: 2008-10-09 11:59:29

Debt collector hires witch to help pursue deadbeats

If you live in Lithuania, please be sure to pay your bills. We offer this bit of sage advice because one of that country's debt-collection firms has hired a witch to help pursue deadbeats. "There are certain people, who are using this crisis situation [more...]

Date: 2009-01-15 16:32:34

Don’t Forget - Today You Can Get Free Advice From Kiplinger and the NAPFA

Kiplinger is parterning with the National Association of Personal Financial Advisors for an event called Jump-Start Your Retirement Plan Days ... your questions. From saving for retirement, paying off debt, or even estate planning, they are there to help.  There are two ways to have your question answered. You can simply submit a question online [more...]

Date: 2009-01-13 15:48:59

Bad Financial Advice: Why Paying Cash Isn't The Deal You Think It Is

There is no bromide more popular in personal finance than "just pay cash". The self-proclaimed financial guru Dave Ramsey, for example, even has a slick slogan, "debt is dumb". But is it true? Let's take the example of paying cash for a $10,000 car (because the other [more...]

Date: 2009-01-16 01:44:57

Suze Orman’s Free Book - Fixing Your Finances in 2009

Barack Obama’s speech warning of devastating unemployment levels and a lengthy recession was no surprise to most Americans ... to do this year. For example, the general Credit advice for 2009 is: Make it a priority to pay off your credit ... to get your FICO credit score above 720. Be very careful where you turn to for help with credit card debt [more...]

Date: 2009-01-09 13:29:00

China: The Power Behind the $700 Billion Bailout

As Congress prepares to gift $15 billion to the three U.S. auto makers, there remains the mystery behind this year’s $8 ... . Yes, taxes will pay part of the bill. But the rest will be piled onto the national debt, which ... That Lend You Money,” which is Mr. Gao’s primary advice. One of Mr. Gao’s thoughts illuminates his take [more...]

Date: 2008-12-10 16:48:41

China: The Power Behind the $700 Billion Bailout

As Congress prepares to gift $15 billion to the three U.S. auto makers, there remains the mystery behind this year’s $8 ... . Yes, taxes will pay part of the bill. But the rest will be piled onto the national debt, which ... That Lend You Money,” which is Mr. Gao’s primary advice. One of Mr. Gao’s thoughts illuminates his take [more...]

Date: 2008-12-10 19:31:00

How to Motivate Yourself to Pay Debts

Start the year right with a clean slate which is why I paid all of my credit card dues just last December ... debts to pay off. If you’re in credit card hell. Pay off the ones with smaller debts then get rid ... advice from people who have experienced paying off debts successfully. You can ask your parents, other [more...]

Date: 2009-01-07 10:45:24

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