Carnival of Debt Management #24

Greetings! Welcome to the 24th edition of the Carnival of Debt Management. We have selected 25 posts for this edition. Here are the posts in the order they were received.

Roshawn Watson presents Why I Left my Six Figure Job posted at Watson Inc. This posts explores why I left a six-figure income. Learn how this life-altering decision is affecting me today, including its impact on my finances. Also, gain uncommon insight into choosing a career.

Prince of Thrift presents 8 Simple Ways to Live Without Credit or Debt posted at Becoming & Staying Debt Free. Earn interest instead of paying it. Hey, now that you have dumped the debt and saving to pay cash for everything, you can collect the interest. Doesn’t it feel good to see your money collect interest, instead of paying the banker?

Ted presents Random Acts of Self-Control posted at TradeLine Solutions.com. This post focuses on giving with our money first as a way of shaping our spending and saving.

Jason Elder presents Effects of Bankruptcy posted at A Bankruptcy Lawyer’s Blog. Once you have been declared bankrupt, under the bankruptcy law all assets that belonged to you, including your home come under the control of a Trustee.

Eric Hudin presents My Estate Planning Career Blog » Blog Archive » Top 10 Reasons You Need A Trust posted at My Estate Planning Career Blog. Eric says, “I’m going to describe in a few simple words why you will benefit from a trust.”

Allen Taylor presents Personal Investing Advice » Basic Money Management For Your Trading Portfolio posted at Investing World Today. A key part of becoming a successful trader is the knowledge of money management. Without a proper understanding of Money Management is and is not, you can have the best trading systems and still blow your account out of the water.

Tim Ramsey presents Reduce My Debt - 5 Secrets for Success posted at My Debt Relief Blog. Here are 5 easy-to-implement secrets for succeeding in getting out of debt and getting back your peace of mind.

Eric Stanley presents Making Your Mortgage Payments On Time? Doesn?t Mean Your Safe From Foreclosure posted at Personal Finance Blog Articles. How many foreclosures may have been averted had borrowers been aware their mortgage was sold to another servicing company or their payments were not applied accurately.

Thomas Humes presents How To Be A Master In Money Making - Be The Leader Of The Pack posted at Wealth Building World. Money mastery does not only mean wealth generation but also total financial success including the way you invest, save and utilize your present income.

Erek Ostrowski presents Positive Penny (Life After Debt) posted at Verve Coaching:: Life, Growth and Leadership, Boston MA. From Dr. Dot-Connector at Verve Coaching… “Dear Doctor Dot-Connector, how can I keep myself on track and motivated to save money instead of spending everything I have??”

Erik presents Choose the Debt Elimination Method That is Right For You posted at Money Crashers. The Debt-Snowball Method is the method that Dave Ramsey endorses for paying off your debt. The way this method works is by starting out listing your debts from smallest to largest. Attack the smallest debts first to build momentum to pay off the larger debts.

Roshawn Watson presents Debt By Design? posted at Watson Inc. Debt by design is a look at how students have the deck stacked against them financially. Allow your perspective of this generation to be challenged by this insightful article. Also, get some master keys on how to avoid/limit student debt.

Wanda Grindstaff presents Prosperity and Abundance is Your Birthright posted at Creating Abundant Lifestyles. Our society has perpetuated the myth for years that successful people are mean, greedy and even untrustworthy. We have been fed the propaganda that we should not want to be wealthy and there is not enough money for everyone.

T. Pettinger presents Situations where Debt is helpful posted at Mortgage Blog. There are some situations where debt is not so harmful. Make sure you reduce the more damaging debt first.

Steve Faber presents - Can the Government Help Pay Back Your Student Loans For You? posted at Debt Free. Student loans are a fact of life for many who continued their education beyond high school. It can be brutal trying to repay them, along with all the other financial obligations one faces after college graduation.

Bryan C. Fleming presents Million Dollar Savings Club Turns 1 Year Old: One Man’s Journey posted at Bryan C. Fleming. Look back on my 1 year journey of saving $1 per day. The amazing part is I don’t have just $365. I’ve got well over $1,000!

Beno Varghese presents Good Credit Card? Bad Credit Card? posted at Beno Varghese dot-com. Beno says, “Many of us have at least one credit card, if not more from various banks or credit card issuing companies. Many of these companies offer promotions that are very tempting and attract consumers to sign up for credit cards even if they don’t actually need one.”

Brett Weiss, Attorney at Law presents The Sabbatical Year and the Forgiveness of Debts posted at Bankruptcy Law Network - Real Lawyers, Real Solutions. In general, a Sabbatical Year cancels all debts, whether oral or in writing, even if he writing contains a clause placing a lien on the borrower’s real estate as security for the loan.

Glblguy presents Get Rid of Your Debt Instantly!! posted at Gather Little By Little. Debt Consolidation Loan can sometimes be a good option if the interest rate is lower than the rates on your current debt, you pay them off aggressively and you stop going further into debt.

Matthew Paulson presents Money Merge Accounts: Just Say, No Thanks. posted at Getting Green. There has been a new trend in the financial world in the last year or so in which consumers pay-checks are direct deposited directly onto their mortgage, and then consumers pay their monthly expenses out of what is essentially a home equity line of credit, and any money that one does not spend is extra principal paid on to their mortgage.

ChristianPF presents The best money advice of all time posted at ChristianPF.com. According to MONEY magazine, this is the best money advice from some of the wisest people who have lived.

Tezza presents How To Get Yourself Out of Debt posted at http://www.4evayoung.com/how-to-get-yourself-out-of-debt/. Snowballing consumer spending has resulted in more families than ever drowning in debt. Consumer debt has now exceeded $2 trillion, reports the Federal Reserve Board and this figure is growing by the minute.

Melissa presents The Non-Emergency “Emergency” Fund posted at A Penny Closer. We view our emergency fund as a resource only available to us in the most desperate situations. When non-emergency expenses cause us to go over budget, we use the “overage” fund to avoid going into debt or tapping our sacred emergency fund.

FIRE Finance presents $50 From The Knot Credit Card - AMEX! posted at FIRE Finance. Amex has come up with a great credit card designed especially for couples planning to wed. It has been named “The Knot Credit Card”. The selling pitch is “Carry white for your wedding.” In addition to catchy slogan and its design Amex is wooing new customers with a $50 sign-up bonus.

Kevin presents Receiving a Free Credit Report posted at Identity Theft And You. With identity theft so prevalent, it is a prudent idea to check your credit report often. It will also help in fixing bad credit, or you just want to know what your credit history is like. Looking at your credit report gives you an idea of what a lender will see the next time you apply for a loan or mortgage.

That concludes this edition. Next edition of this carnival will be hosted here on 24 September 2007. Submit your posts using the Blog Carnival Submission form.

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