Hope to Prosper – Page 204 – Simple Practices that Lead to Wealth

Bankruptcy Reform on the Agenda

December 2, 2007

Bankruptcy Reform Backfires on Banks According to a Bloomberg article on November 8, 2007, the bankruptcy reform lobbied for in 2005 by a group of banks, may be contributing significantly to the rapid increase in foreclosures. Bloomberg’s contention is that since it’s now much harder to discharge credit card debt, strapped consumers are instead walking away …

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Double Your Money Instantly

Investing, Retirement /

November 19, 2007

Q. What is an instant, sure-fire way to double your money? A. Fold it in half and put it back in your pocket! Just Kidding A. Your 401K plan, with matching employer contribution. The Simple Math $1.00 – Dollar You Contribute $0.25 – Taxes You would have Paid (Roughly) $0.75 – Amount Missing from your Paycheck $1.00 …

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The Subprime Meltdown

Debt, Real Estate /

September 5, 2007

Ok, so I’m late to the Party Every blogger, pundit and reporter has already been waiving their arms around for weeks now, trying to get their 15 minutes of fame from the subprime fiasco. Never mind that most of these hacks never saw it coming. It’s big news right now and everyone is chiming in, …

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Credit is the Root of all Evil

Debt /

February 14, 2007

The Love of Credit We all love the convenience of using our credit cards. You walk up; buy something, swipe your card and you’re on your way. Credit cards come in very handy for frequent purchases like gasoline and groceries. They are great for automatically paying recurring bills, like utilities. And, they are indispensable for dining, travel …

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Pay Yourself First

Getting Started /

February 5, 2007

Why do you get up every morning and go to work? If you are like most people, you need to work in order to live. Work isn’t necessarily a bad thing. People have been doing it for thousands of years. Unless your work is extremely stressful or dangerous, it’s probably a good way to earn …

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