Bad Debt Collectors and What You Can Do About Them

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bad debt collectors collections

Dealing with bad debt is no fun. Dealing with a bad debt collector can be downright terrifying. When you have a bad debt that has gone to a collection agency it can be very easy to want to avoid the pain of the situation or even totally ignore it when you know you can’t possibly pay it.  That’s why some collectors of overdue debt will do everything they can to get your attention, even if it’s illegal. Most debt collection agencies are legit and strictly follow the rules set forth by the FTC  (Federal Trade Commission). However, there are plenty […] Read more »

7 Ways You Can Stay Motivated to Get Out of Debt

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7 ways to stay motivated to get out of debt resources

Over the years I’ve seen plenty of people get motivated to get out of debt, but they never end up following through with the process.  They are usually pretty fired up about getting out of debt and start out very motivated.  But not long after they start the process, their energy flags and it’s not long before they lose their motivation. I’ve seen a lot of other people make decent progress in paying down debt, but for whatever reason, they end up losing their focus and go back to their old habits, never finishing the get out of debt process.   How to […] Read more »

How to Get Ahead If You’re Living Paycheck to Paycheck (Part 2)

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get ahead living paycheck to paycheck

In the first article in the series, I covered eight things that might cause you to end up trapped in a paycheck to paycheck life. In this second post, I’m going to show you a few things you can do to get your finances under control, stop spending more than you make, and end the paycheck to paycheck cycle for good. If you read the last article, at this point you’ve probably figured out some of the top reasons why you’re struggling financially. Once you understand those reasons, I explained that it was important to get your mindset right and […] Read more »

How to Get Ahead if You’re Living Paycheck to Paycheck

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get ahead living paycheck to paycheck

Some recent studies showed that more than two thirds of people are living paycheck to paycheck at least some of the time. That’s pretty incredible! It seems to be getting harder and harder to keep your head above water financially, and there is no lack of reasons why that’s happening. Some of it is because our attitudes about money have changed over the years.  Some of it is also because of the changing economy, and some of it is probably due to the fact that the world is rapidly changing, and some are getting left behind because they refuse to […] Read more »

How to Talk Yourself Out of Debt By Creating a New Script

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How to Talk Yourself Out of Debt By Creating a New Script

Could it really be possible to talk yourself out of debt?  Can getting out of debt really be that easy? Actually, no, I don’t believe it is. Getting out of debt is not as easy as talking to yourself using the right words.  You have to take action as well. Even the bible says “In all toil there is profit, but mere talk tends only to poverty”- Proverbs 14:23   The Right Self Talk Helps But using the right kind of self talk can get you into the right mindset to change habits and get out of debt for good. […] Read more »

Why You Should Never Use a Home Equity Loan to Pay Off Debt

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Why You Should Never Use a Home Equity Loan to Pay Off Debt

Have you ever thought about taking out a home equity loan to help pay off debt? There are a lot of financial gurus that will advise you to dip into your home’s equity when you have a pile of debt you need to get paid off. But I believe paying off your debt with a home equity loan is not a wise move, and I’ll tell you why in just a minute.   Why Some Gurus Recommend Home Equity Loans For Paying Off Debt But first, I want to cover why some “financial gurus” say you should consolidate your debt […] Read more »

“I Don’t Have Time” and Other Budgeting Excuses You Can Fix Right Now

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I’ve been recommending doing a written monthly budget for many years now.  That’s not gonna change any time soon. Today I’ll cover what are probably the most common excuses for not making a budget.  I’ll give you tips on how to overcome those excuses, and provide you with a load of killer resources at the end to help get you moving forward.   Everybody Has a Budgeting Excuse Doing a consistent, written budget is the best thing you can do to start getting your finances under control.  When you start this valuable habit and stick to it, you’ll stop living […] Read more »

5 Simple Steps to Start Getting Out of Debt Right Now

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Have you ever tried to get out of debt but just didn’t know where to start?  I think most anybody who’s attempted to get out of debt has experienced that feeling at some point. You have decided you’re no longer comfortable with your debt load, and now it’s time to do something about it, but you’re just not sure what to do. So how do you get started? You can start by taking some small, easy steps to set yourself up for success.  In this post I’ll show you the best small steps you can take right now to get […] Read more »

3 Reasons To Never Borrow From Your 401k

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borrow withdraw 401k

Have you ever needed a large amount of money and dipped into your 401k to get it?  Maybe you wanted to put a down payment on a house, had an emergency, or some other reason you needed the money. If you did dip into your 401k, was it really worth it?   Taking Money From Your 401k Has Consequences When you withdraw funds from your 401k account to take care of a present need, it can be very detrimental to your future.  Even if you take the money out with the best intentions, it can still have far reaching consequences […] Read more »

Teaching Your Kids About Money? 5 Concepts They Need to Know

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teaching your kids about money

Are you regularly teaching your kids about money and how to handle it?  I don’t mean just talking about very simple concepts such as “save money” or “don’t spend it all”.  I mean are you really teaching them what money is all about? When they get older are they going to have a clear picture of how to manage their money well so they don’t end up in financial trouble like so many people who never learn these principles?    The Basics Still Apply Managing money is much more difficult than it was 40-50 years ago because most of us […] Read more »

Debt Collectors Harassing You?- Here’s What You Can Do

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debt collectors harassing

Dealing with overdue debt stinks. Dealing with a debt collector harassing you can be just plain scary. When you have debt that’s gone bad and been placed in a collection agency, it very easy to avoid the situation or even completely ignore it when you feel like there is no way you’ll be able to pay it. That’s why some debt collectors will resort to whatever it takes get your attention, even if it’s illegal.   Some Debt Collectors Do Crazy Things Most debt collection agencies are very professional and do their best to follow the rules on debt collection […] Read more »

My New “Celebrating Financial Freedom” Course!

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Celebrating financial freedom online get out of debt course

If you’ve been following my posts here on EOD for a while now, you may know that I offer a popular Christian get out of debt course that I’ve taught at various venues over the years. The course has always been offered in a physical version with a workbook and CD’s. I’ve been asked many times if I have the course available in an online format, and I’ve always had to say “no”. But not anymore. You Can Win Access to the Course for Free!  (Continue Reading)   You Asked, I’m Making it Happen Over the last few months, I’ve […] Read more »

Use The 4 Keys of Consistency to Get Out of Debt

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When you decide to start getting out of debt, it can be hard because you’re attempting to live life in a new way.  You’re changing your mindset about money and developing new habits that you hope to be permanent. But while you’re in the midst of making all these changes, it can be easy to let some of those old habits and mindsets creep back in. Change is hard. That’s why it’s necessary to learn how to be consistent when you’re trying to getting out of debt.   It Takes Firmness of Character To Get Out of Debt One definition […] Read more »

Creating The Right Mindset to Get Out of Debt

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Many of you are constantly thinking about ways to change your habits, your finances, your life, and whatever else you can to help make the future better.  That’s what smart people do. When it comes to making change happen, the first step you have to take is to create a mindset for yourself that’s going to allow you to succeed. Let’s face it, if you decide you want to make changes big or small, but you don’t really take the step of preparing for that change, then it’s just wishful thinking- you’re living in a fantasy world. Good preparation breeds […] Read more »