This video contains the highlights of the financial webinar conducted by KCLau.com, featuring financial planner Ng Ka Hoe.
What you will discover in this video:
?? What is debt consolidation?
?? Balance Reducing Interest Vs. Fixed-Rate Interest
?? The Priority of debt consolidation
?? The MND Calculator
Check out the full training here:
https://kclau.com/webinar/free-your-monthly-cash-flow-through-the-power-of-debt-consolidation/
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For more personal finance hacks, download my ebook packed with 44 money tips. It is free, and I’ll pay you RM5 if you can’t find anything useful by reading it for 15 minutes:
https://kclau.com/lq
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Chapter 22 – Communication & Financial Counselling – Part II
Rob thinks that Sharon’s volunteer dog rescue operation only costs them about $100 a month. Sharon thinks Rob’s brother only pays $150 a month in rent. The real numbers are just two of the secrets this couple keeps when it comes to finances. Now, they’re facing more than $70,000 in consumer debt alone – and the stress is almost too much to handle. To come clean and fix the mess they’ve made, Sharon and Rob will have to communicate honestly. But can their relationship handle the truth?
Florida mediator Tye Bourdony of Cfmediationcenter.com discusses debt collections type of cases in small claims court and how they too can be resolved privately between the parties instead of before a Judge. This is not legal advice, so be sure to discuss your specific issue with an attorney.
Published by attorneys and mediators of Olowska & Pierre, Inc. (oplawyers.org) and Instant Mediations, LLC. (InstantMediations.com), this channel covers the exciting world of law, mediation, arbitration, and online practice.
Annaline van der Poel explains what debt review is and how it can help overindebted consumers pay off their debt in an affordable manner. Benefits such as legal protection and budget restructuring are all explained in this insightful interview.
Visit Debt Rescue and learn more about Debt Review here: www.debtrescue.co.za
For information about our new Fast Track membership, go here: https://yourlegallegup.com/blog/fast-track-to-victory-over-debt-collectors/.
Arbitration is different from mediation, which is voluntary. Instead, arbitration is an alternative type of court, where the arbitrator renders a judgment. The debt collectors (and big money in general) like it because it makes it easier for them to get a judgment against you. It typically has easier rules of evidence and reduced discovery, and appeals are nearly impossible. So we generally suggest against it – to put it mildly. But if you happen to have everything you need, we still suggest against it because of its lack of “transparency” and the fact that arbitrators are often loyal to the debt collection side.
How long does it take to apply for debt counselling? More here: http://www.debtcounsellinghelp.co.za/FAQ.php
The application process is super easy and we protect you immediately from creditors.
We have a very experience back office team that will process your application as soon as we receive your form 16 plus supporting documents.
We will notify all your creditors with a 17.1 Notice. This takes 2-5 days, normally shorter. As soon as all your creditors have been informed, you are protected from creditors.
Please go to the www.debtcounsellinghelp.co.za for more info on the debt counselling process.
How to apply for debt counselling: http://youtu.be/vFTs9xJOr-s
Debt Counselling Application http://www.youtube.com/watch?v=ho450da3rus
If you overlook some risks and forget about long-term consequences, spending money as you please seems a quite tempting idea. For instance, instead of calculating what sort of mortgage payment you can actually afford, why not try to purchase your $600,000 dream home? You only live once, right? And, since you already crossed that line, why not taking a sizable loan to buy yourself a brand new $60,000 SUV instead of driving around your dumpy old car for another year or two? Wouldn’t that be awesome? While you are at it, why don’t you go shopping and max out all your credit cards to get everything you always wanted? Don’t think about the credit card interest, just go there and do it. Well, if all of this sounds good but probably too crazy for you, it’s because it is. However, many Americans haven’t been thinking much about long-term consequences these days.
With a federal government that spends money as it grows on trees when it comes to money management, our society is lacking role models. Our government debt is currently sitting at 28 trillion dollars and yet all our leaders think about is spending more and more money. Americans have now officially more debt than ever before. According to the Federal Reserve Bank of New York, a major increase in credit card spending and home purchases caused U.S. household debt to jump by $313 billion, or 2.1%, in the last quarter, marking the largest increase in consumer debt in seven and a half years.
Economists are worried we might be repeating the same disruptive spending behavior we did in the past. After being showered with trillions upon trillions of dollars by the federal government, you would imagine that Americans would be in pretty good financial shape these days, right? Sadly… that’s not the case. Most of that money only contributed to making the gap between the wealthy and, well… “the rest of us,” even larger. According to a new study from Oxford Economics, Americans added nearly $4 trillion to their savings during the health crisis recession, but most of the gains went to the wealthy. The study estimates that consumer spending in the coming months and years will be strongest at the top and significantly lower at the bottom 99%.
Rising inflation will play a major role in the deterioration of our finances and the collapse of our spending. Americans are already seeing living expenses go up while the price of consumer goods keeps on hitting new record highs. Finding an affordable home to buy has become simply impossible, and with rent prices soaring, more than 12 million families are still in danger of being evicted. The federal moratorium has ended, but after major backlash, the new administration decided to come to the rescue and issued a targeted moratorium in areas hardest hit by the virus outbreak. The move replaced the CDC nationwide evictions freeze that expired last Saturday, but major legal questions still remain.
Despite affirming to have asked for legal advice from constitutional scholars to determine whether the CDC had the legal authority to issue a new evictions action, the President passed the new action without Congress authorization. He said that even if the courts invalidate this new moratorium, it will buy some time for his administration to get aid more money for rental relief. However, the federal government allocated $46 billion in rental assistance just a couple of months ago. The question remaining is: where did all that money go? It doesn’t add up.
Even more worrying is the fact that the President of the United States ignored the U.S. Constitution to get more money using the eviction crisis as justification. It is safe to say that if he actually gets more money, most part of these dollars won’t end up assisting those who need it the most. Without a question, the eviction crisis should be averted. Is the President choosing the right approach to prevent it? Absolutely no. Sadly, his approach is typical of how most Americans deal with things. Most of us tend to act impulsively, without considering the impacts our actions might have in the long run. We throw money up in the air expecting it to fix all of our problems as if tomorrow will never come, but “tomorrow” always arrives eventually, and when it finally does, we will have to face a painful reckoning. Unfortunately, our “tomorrow” looks darker and more chaotic most people would dare to imagine.
I CAN DO IT! Being broke is only a mindset. Powerful new motivational speech from Lisa Nichols.
?Special thanks to Tom Bilyeu for providing this interview, subscribe to his channel for more inspiring content: http://bit.ly/2x6INi1
If you want it badly enough, if you are wiling to let go of everything and everybody, you can do it.
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Take a moment and let this guided meditation relieve your anxiety.
Written and Narrated by John Davisi. John is a mindfulness life coach, teacher, and speaker. Check out his mindfulness and meditation sessions at https://www.youtube.com/c/JohnDavisi .
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