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Tag Archives: earning more money

You Can’t Pay Off Debt With Excuses

excuses people use to not pay off debt

If you have a blog, does it seem that all big things seem to happen when you’re out of town? I feel like that happens to me anyway. While I was in Kentucky last week visiting family, an interview I did with Business Insider got picked up by Yahoo Finance and traffic was off the charts.  The interview was about paying off our credit card debt, and I knew there was potential for some blow back, but you really can’t turn down that sort of exposure if you are trying to grow an online business, so I accepted the invitation without hesitation. After the interview, I wondered if this might be my first real opportunity to meet some of the trolls that many of my online friends have already encountered, and boy was I ever introduced last week. You can read the comments here if you’d like, but the majority were not kind. Why on earth would anyone hate me for paying off debt? Hating me gives people a great reason not to pay off their own debts. You can’t ever pay off debt with excuses. I Take Full Responsibility For My Debts Many of the comments were along the ...

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Are You Making What You’re Worth?

Make the salary you're worth

We all know that a huge step in paying off debt or building wealth is to make more money. Sometimes different jobs or opportunities come along that provide a way to earn some extra cash. However, it’s important that you don’t make the mistake of swapping your time or energy for less than you deserve. Ask yourself if you are making what you’re worth before taking on extra jobs. Extra Income Opportunity I will be attending an optometry meeting soon in a city a few hours away. It just so happened that another doctor in the area was looking for some vacation coverage for a couple of days while I was going to be in town. The conference was in the evening, so I emailed him for more details. I might as well try to earn some extra money if I’m there anyway, right? It Doesn’t Pay What I’m Worth I found out that the rate he was paying was about half of what I usually make at my regular jobs. I realize you don’t need to pay someone top dollar who isn’t going to form a long term relationship with your practice, but half price pay? Then I started thinking ...

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Why Are You Still Broke?

When we were struggling with credit card debt and had a negative net worth, it was easy to join in one of the many conversations going on around me by others who were also broke or in similar debt situations. I can remember saying things like this. “I’ll probably owe Visa until the day I die.” “I don’t want to wait until I’m old to enjoy life.” “It’s normal to have debt when you’re young.” “I can’t afford to max out my retirement plan/invest in stocks/save for a rainy day”. How are people supposed to live on so little take home pay?”  I’m Guilty of Throwing Stones I could list many more euphemisms from my debt laden days, but you get the picture. It’s easy to get into conversations with people who are broke. It’s really easy to toss out excuses as to why we’re there as we all go out to dinner in our new cars purchased on 60 month repayment plans. It was also very easy to throw stones at those who weren’t broke, not the flashy ones who brag about wealth while everything is mortgaged and charged to the hilt, but those people who very quietly purchase ...

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Paycheck to Paycheck is No Way to Live

If you are one of the millions of people who lives paycheck to paycheck, you might find yourself in the situation of having more days than dollars in the month.  That can be a very scary feeling when you know that your bank account is empty, and there are still several days until you get paid. While panic might set in, if you take a minute to analyze the situation, it might not be as bad as you think. With some planning, I believe anyone can avoid the problem of running out of money at the end of the month. If you know that you are completely broke and have more than a day until payday, organize what you need to buy. I like lists, so I would write down what you think will need money until the next payday. If the list includes food, gas to get to work, or rent/mortgage or bill payments, those are necessities. If the list includes a birthday gift, a promised dinner out with a friend, or some sort of apparel, those can be postponed or avoided. It might not be the most popular thing to do, but if your friend is truly a ...

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