More than a million American families now file for federal bankruptcy annually, and many more are perilously close to financial disaster. In this important analysis of hard-pressed families, recently featured in articles in Newsweek, Forbes, Chronicle of Higher Education, and the New York Times, the authors discover that financial stability for many middle-class Americans is all too fragile. The authors consider the changing cultural and economic factors that threaten financial security and what they imply for the future vitality of the middle class.
In this video, I share 6 things I gave up to get out of debt. DISCLAIMER: I am NOT debt free yet. This video shares the choices I’ve made to stay focused on getting out of debt. These are things I don’t buy to save money and get rid of debt.
SIGN UP for Dave Ramsey’s Financial Peace University: https://www.daveramsey.com/fpu/?snid=…
DOWNLOAD reflection questions, budget forms, and budget with me next month. Sign Up HERE: http://eepurl.com/dgP7Lb
DOWNLOAD the Every Dollar Software: https://www.everydollar.com/
If you have any questions or requests please leave them in the comment section. I hope you all enjoyed this talk through budget report card. Please Subscribe and Like!!
WATCH MY FINANCIAL PEACE JOURNEY FROM THE BEGINNING
How I Fell Back into $208,453.27 Debt (Part 1) // https://youtu.be/XSgBkYc7egw
How I Fell Back into $208,453.27 Debt (Part 2) // https://youtu.be/T5i8XOg9oz8
My First Budget OCT. 2017// https://youtu.be/6j17gNRXtxo
My 2018 Financial Goals // https://youtu.be/kYzxM1DroKw
My Debt Snowball Update – March 2018 // https://youtu.be/FBA0uLCca_I
Disclaimer: Honesty is awesome, so I share numbers and dollars in this post. I trust you’ll honor my honesty. Just so we’re clear, everything filmed here is based on my personal experiences + opinions. Not everything I say here will work for you, but I have faith that you’ll take the information presented and apply some of it to your own finances in a new and creative way.
Greece isn’t the only country drowning in debt. The Debt Supercycle—when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis—is affecting developed countries around the world, including the United States. For these countries, there are only two options, and neither is good—restructure the debt or reduce it through austerity measures. Endgame details the Debt Supercycle and the sovereign debt crisis, and shows that, while there are no good choices, the worst choice would be to ignore the deleveraging resulting from the credit crisis. The book:Reveals why the world economy is in for an extended period of sluggish growth, high unemployment, and volatile markets punctuated by persistent recessionsReviews global markets, trends in population, government policies, and currencies
Around the world, countries are faced with difficult choices. Endgame provides a framework for making those choices.
Author John Mauldin What is the debt supercycle? Over a period of about sixty years, debt levels grew faster than incomes. This increase in debt became particularly pronounced in the 1980s, 90s and finally went parabolic after the Federal Reserve lowered interest rates to 1% after the Nasdaq crash. The increase in debt was not just a US phenomenon. As interest rates fell structurally with the fall in inflation from 1982 onwards, people took on more debt because it became more manageable. However, by 2008 the burden of debt became too much to bear and the debt supercycle came to an end. People started deleveraging and banks started collapsing due to low levels of capital and large losses from loans people couldn’t pay back. How does the sovereign debt crisis play into this? The rapid contraction in debt levels due to default and deleveraging lead to a fall in economic activity as people started saving and cutting spending. Governments immediately stepped in and backed bank debt with explicit guarantees. Governments also started borrowing and spending to transfer money to the private sector, for example via unemployment insurance. So in a very real sense, private borrowing was replaced with public borrowing. Debt was added onto more debt. Rather than free itself of debt, the system now has more debt. The sovereign debt crisis is the recognition that most of this debt will not be paid back, and governments are making promises to pay debt and other obligations, for example general spending and pensions, that they simply lack the ability to fulfill. Author Jonathan Tepper The end of the debt supercycle and the beginning of the sovereign debt crisis present problems and challenges for investors and governments. Governments will need to either 1) inflate, 2) default or 3) devalue, which is similar to inflate. That is the way governments have historically dealt with too much debt. Some countries will experience deflation and others inflation, depending on what choices governments make. Currently governments have only bad and worse choices. Let’s hope they can choose wisely. What do you predict for the next ten years? Central banks globally have shown a predisposition to print money to solve problems. We forsee rising inflation in many parts of the world, reductions in real income as people lose purchasing power due to higher food and fuel prices and more macroeconomic volatility. Some countries that do not control their own money supply or are running pegs may experience deflation as they are forced to delever and cannot increase the money supply to counteract the weight of deleveraging. You cite the events in Greece as an example of a country continuing to run massive deficits. Is there an example of a country making a better choice? The UK is making some of the right steps to control spending, but even the UK could be more draconian. In nominal and real terms, government spending in aggregate will not be cut in the UK. Also, Iceland has made positive steps by defaulting on its debt effectively. Default is a good way to cure too much debt.
Do you want to build weath and…
Change your family tree?
Provide some security for your retirement years?
Give a large portion of your wealth to charity?
Well, it’s time to dump your debt and make this a reality!
In this 106-minute Financial Peace University lesson, Dave shows you how to become debt free as he walks you through the necessary steps and details of dumping debt with the Debt Snowball method.
DVD Region1 DVD Playable in Bermuda, Canada, United States and U.S. territories. Please check if your equipment can play DVDs coded for this region.
$375,000 In Debt, Can We Still Go On A Honeymoon?
Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj
Become a Channel Member today: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw/join
Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.
The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Season One of the Debt Collector serial with all nine episodes.Save 30% by getting the full season!
What’s your life worth on the open market?
A debt collector can tell you precisely.
Lirium plays the part of the grim reaper well, with his dark trenchcoat, jackboots, and the black marks on his soul that every debt collector carries. He’s just in it for his cut, the ten percent of the life energy he collects before he transfers it on to the high potentials, the people who will make the world a better place with their brains, their work, and their lives. That hit of life energy, a bottle of vodka, and a visit from one of Madam Anastazja’s sex workers keep him alive, stable, and mostly sane… until he collects again. But when his recovery ritual is disrupted by a sex worker who isn’t what she seems, he has to choose between doing an illegal hit for a girl whose story has more holes than his soul or facing the bottle alone–a dark pit he’s not sure he’ll be able to climb out of again.
The nine episodes of the Debt Collector serial are collectively 125k words or about 500 pages. This dark and gritty future-noir is about a world where your life-worth is tabulated on the open market and going into debt risks a lot more than your credit rating. For more about the Debt Collector serial, see www(dot)DebtCollectorSeries(dot)com
Contains mature content and themes.
For young-adult-appropriate thrills, see Susan’s bestselling Mindjack series.
The practice of charging interest on loans has been controversial since it was first mentioned in early recorded history. Lending is a powerful economic tool, vital to the development of society but it can also lead to disaster if left unregulated. Prohibitions against excessive interest, or usury, have been found in almost all societies since antiquity. Whether loans were made in kind or in cash, creditors often were accused of beggar-thy-neighbor exploitation when their lending terms put borrowers at risk of ruin. While the concept of usury reflects transcendent notions of fairness, its definition has varied over time and place: Roman law distinguished between simple and compound interest, the medieval church banned interest altogether, and even Adam Smith favored a ceiling on interest. But in spite of these limits, the advantages and temptations of lending prompted financial innovations from margin investing and adjustable-rate mortgages to credit cards and microlending.
In Beggar Thy Neighbor, financial historian Charles R. Geisst tracks the changing perceptions of usury and debt from the time of Cicero to the most recent financial crises. This comprehensive economic history looks at humanity’s attempts to curb the abuse of debt while reaping the benefits of credit. Beggar Thy Neighbor examines the major debt revolutions of the past, demonstrating that extensive leverage and debt were behind most financial market crashes from the Renaissance to the present day. Geisst argues that usury prohibitions, as part of the natural law tradition in Western and Islamic societies, continue to play a key role in banking regulation despite modern advances in finance. From the Roman Empire to the recent Dodd-Frank financial reforms, usury ceilings still occupy a central place in notions of free markets and economic justice.
Razio Yamata is one of Japan’s most influential industrialists, and part of a relatively small group of authority who wield tremendous authority in the Pacific Rim’s economic powerhouse.
He has devised a plan to cripple the American greatness, humble the US military, and elevate Japan to a position of dominance on the world stage.
Yamata’s motivation lies in his desire to pay off a Debt of Honor to his parents and to the country he feels is responsible for their deaths — America. All he needs is a catalyst to set his plan in motion.
When the faulty gas tank on one Tennessee family’s car leads to their fiery death, an opportunistic U. S. congressman uses the occasion to rush a new trade law through the system. The law is designed to squeeze Japan economically. Instead, it provides Yamata with the leverage he needs to put his plan into action.
As Yamata’s plan begins to unfold, it becomes clear to the world that someone is launching a fully-integrated operation against the United States. There’s only one man to find out who the culprit is — Jack Ryan, the new President’s National Security Advisor. Razio Yamata is one of Japan’s most influential industrialists, and part of a relatively small group of authority who wield tremendous authority in the Pacific Rim’s economic powerhouse. He has devised a plan to cripple the American greatness, humble the U.S. military, and elevate Japan to a position of dominance on the world stage. Yamata’s motivation lies in his desire to pay off a Debt of Honor to his parents and to the country he feels is responsible for their deaths: America. All he needs is a catalyst to set his plan in motion. When the faulty gas tank on one Tennessee family’s car leads to their fiery death, an opportunistic U.S. congressman uses the occasion to rush a new trade law through the system. The law is designed to squeeze Japan economically. Instead, it provides Yamata with the leverage he needs to put his plan into action. As Yamata’s plan begins to unfold, it becomes clear to the world that someone is launching a fully integrated operation against the United States. There’s only one man to find out who the culprit is: Jack Ryan, the new president’s National Security Advisor.
If you had the damned money, you’d have paid it all off by now. I know this. So instead of telling you ways to scrounge up enough money to pay off your debts, I hope to convince you not to pay anything you cannot afford. I want you to keep as much of your stuff as possible while paying as little as possible of your own hard-earned cash. Most books that claim to be about getting out of debt are really just about good old-fashioned financial prudence. This one is not. It’s too late for that now. The Great Recession lingers, and even as our global financial institutions sit atop massive piles of taxpayer-funded bailout dollars, the ordinary people of America continue to struggle. Time for your bailout. Here is very simple, very practical, and most importantly a very realistic guide to the American legal process of enforcing debts. I am a debtor’s lawyer. This is what I do. Everything in this book comes from personal experience. I have helped hundreds of clients solve every sort of financial problem that people can encounter, and I have packed all of these lessons into this book. If you ever wanted to know things like: What happens if you don’t pay a debt? How do you fix broken credit? How can you keep your home from being foreclosed? What can I do about my student loans? Can they take my dog? Is bankruptcy a good idea or a horrible idea? What if I let the bank foreclose on my home? Will I ever be able to buy a car again? This book is for you.
Credit Card Debt is the worst debt to be in. Often it is debt that we have used to buy depreciating stuff, like clothes, shoes and lifestyle habits…leaving us with not much to show for. So if you have reached a point where you have had enough with credit card debt holding you back in life and are thinking about using a personal loan to get back on top of your finances again, well I strongly recommend watching this.
ALSO, PLEASE FEEL FREE TO FORWARD THIS VIDEO OR PASTE THIS VIDEO FOR ANY FAMILY OR FRIENDS TO WATCH WHO ARE DROWNING IN CREDIT CARD DEBT.
SugarMamma.TV is all about educating, inspiring and empowering everyday people to create financial harmony, freedom and independence in your life. Bite sized videos, with quick and easy to understand tips, that you can apply straight away and see the results. SugarMamma.TV is a powerful movement making money and finance more approachable, energetic and enlightening.