Finance / Debt Reduction on Cash Counselors

Eighteen Other Names for Debt and Borrowing that Shouldn't Fool You - Mogama
Names are important. What we call something can make the difference in how we see that thing. For example, when I take something from a store without paying, and I call it a “mistake”, that sort of softens the conscience impact of my action. Even if I call it... ( added 47 days 3 hours ago.)

Giving and Debt Freedom: Why You Should Give Your Way Out of Debt - Mogama
Often someone who is serious about getting out of debt will ask, “Should I stop tithing or cut back on giving so I can pay off my debts faster?” My quick answer to that is " No. " You may think that answer is ironic or makes no sense. I don't blame you. I used to think so too.... ( added 117 days 2 hours ago.)

Money Flu Vaccine: Have You Taken Yours? - Mogama
I guess I missed the obvious financial message of the story in 2 nd Kings chapter 4, because I over-spiritualized the passage. True the passage is about a miracle, but in particular, 2 nd Kings 4:1-7 is a financial miracle. I will post several blogs on what I am learning from this important... ( added 144 days 11 hours ago.)

The Debt Freedom Exercise: Let's Play 'If I Were Debt Free' - Mogama
Just to get an idea of just how much money we pay to lenders, I asked Debt Freedom Club members to do this simple exercise. If you are still in debt, take a piece of paper and do The Debt Freedom Exercise with us. Step 1. List every debt you owe with the monthly payment... ( added 184 days 23 hours ago.)

Minimum Wage Millionaire - RR Mogama
When I left Liberia in July of 1990, I was earning about $450 per month from being a pastor and a teacher. At that rate, if I had worked 30 years, which is 360 months, I would have earned $162,000 over my work life. By Liberian standards, that was pretty good. In 2007, I visited Liberia, and... ( added 248 days 13 hours ago.)

Debt America: More Reasons Why Americans are Addicted to Borrowing - RR Mogama
This blog is a follow up to “Easy Credit Equals Debt America: Easy Credit Equals Debt America: Why Americans Easily Fall in Bed with Debt”. Here are more reasons why too many Americans have been hooked on debt s ince the credit revolution that boomed in the 1980s. We no longer... ( added 239 days 18 hours ago.)

Easy Credit Equals Debt America: Why Americans Easily Fall in Bed with Debt - RR Mogama
Before “the credit revolution” (prior to 1980), the personal savings rate of Americans hit a high of 14.6 percent; even the low savers saved 5.4 percent of their earnings. How times have changed! By May of 2009, the highest savers in America kept just 6 percent of their income.... ( added 239 days 20 hours ago.)

Portraits of a Debtor: What It Really Means to Be in Debt - RR Mogama
“ A picture is worth a thousand words.” So, here are four visuals of what it really means to be swamped in consumer debt. Portrait #1: The Debtor is Under a Curse of Interest Payments . The curse of debt is the interest payments that eat the heart out of the debtor's income. The... ( added 241 days 4 hours ago.)

New Year’s Resolution to Live Debt Free - RR Mogama
Fully aware that the majority of people give up on their New Year’s Resolution before the end of February, I still dared to give a failed habit another desperate try. I resolved to become debt-free...again. When I arrived in Louisville, Kentucky, in January of 1991, I owed no one any... ( added 248 days 13 hours ago.)

Your Emergency Fund - Your First Big Step Towards Debt Free Living - RR Mogama
Imagine yourself as a boxer, soldier, wrestler or just a walker: You need somewhere to stand before you can box, shoot, wrestle or walk. In the fight to get out of debt, the emergency fund will give you that ground to stand on. Without an emergency fund, you may slip back into borrowing money;... ( added 248 days 13 hours ago.)

Emergency Fund - Where to Keep It, If Not Under Your Pillow - RR Mogama
You know you need to put aside an Emergency Fund before you can start paying off your debts. And you know that, to start with, your Emergency Fund should be about $1,000. If you can't come up with that just yet, make it $500, but you need an Emergency Fund if you don't want to lose traction in... ( added 248 days 13 hours ago.)

Home Mortgage Loan: A Winning Strategy for the New Home Buyer - RR Mogama
The mortgage (home loan) industry is a very complex money game. The banks write the rules, and they are the referees too. The innocent home “buyer” is the player, who often plays this dangerous game in the dark. Unless you have the cash to truly BUY a house by writing a check, you... ( added 248 days 13 hours ago.)

Mortgage Strategy If You Already Have a Home Loan - RR Mogama
If you already have a lien on your home, and you did not use the Debt Freedom Club winning strategy, it's not late. You can still follow Plan B to become a winner in the mortgage game. While making the minimum payment on your mortgage, take the following steps... Pay off all other debts... ( added 248 days 13 hours ago.)

Debt Freedom Celebration: Throw a Party Every Time You Pay Off Debt - RR Mogama
The path to debt-free living should be decorated with moments of celebration. There are three levels or layers of celebration we intend to enjoy as we journey to the land of debt freedom. (1) Have a Debt Knock Out or Debt KO party for each debt you pay off. Our last Debt KO was a personal loan... ( added 248 days 13 hours ago.)

Debt Free Living in Four Quick Steps - RR Mogama
Some of the most important achievements in life take very simple steps. In the same way, there is nothing complicated about paying off your loans. Here are four simple steps on the path to debt freedom. Step 1: Stop borrowing money. You cannot become debt-free unless you first close... ( added 248 days 13 hours ago.)