Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
I'm LOVING that dividend!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Overpaid Union Thug" data-source="post: 1199196" data-attributes="member: 198"><p>I'm a huge fan of his baby steps program. Its a sure way to get out of debt and the methods involved are proven to have more of a positive psychological affect than many other programs. That means people are more likely to stick with it. Saving $1000 as the first step and paying off the lowest balance bills first to start the "debt snowball" instead of attacking higher interest bills is the key. </p><p></p><p>The initial $1000 is there if someone hits a snag financially during the program and are less likely to be demoralized by it and will likely recover quickly and continue the program. And seeing smaller bills disappear and compound into more and more money to pay off the bills with higher balances more quickly is a huge moral boost. I actually had fun with the program. Its not necessary to live on rice and beans but that definitely speeds up the process. </p><p></p><p>His investing advice is definitely debatable and tends to be more generic or playing it safe advice. And his stance on buying cars is doable but not practical for everyone. His advice on credit cards is sound but many people use credit cards to take advantage of the points. I quit doing that because I hated waiting for credit card payments (which I was paying off as soon as they would appear) to clear. Its strictly debit card for me now. For investing advice I search the internet.</p></blockquote><p></p>
[QUOTE="Overpaid Union Thug, post: 1199196, member: 198"] I'm a huge fan of his baby steps program. Its a sure way to get out of debt and the methods involved are proven to have more of a positive psychological affect than many other programs. That means people are more likely to stick with it. Saving $1000 as the first step and paying off the lowest balance bills first to start the "debt snowball" instead of attacking higher interest bills is the key. The initial $1000 is there if someone hits a snag financially during the program and are less likely to be demoralized by it and will likely recover quickly and continue the program. And seeing smaller bills disappear and compound into more and more money to pay off the bills with higher balances more quickly is a huge moral boost. I actually had fun with the program. Its not necessary to live on rice and beans but that definitely speeds up the process. His investing advice is definitely debatable and tends to be more generic or playing it safe advice. And his stance on buying cars is doable but not practical for everyone. His advice on credit cards is sound but many people use credit cards to take advantage of the points. I quit doing that because I hated waiting for credit card payments (which I was paying off as soon as they would appear) to clear. Its strictly debit card for me now. For investing advice I search the internet. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
I'm LOVING that dividend!
Top