Nobody likes to be in debt. It’s mentally uncomfortable, and it can also give you a pathway with far fewer options than if your financial situation had gone more according to a profit-oriented plan. And there are limited options for getting out of debt. One of the more secure ones, depending on your circumstances, is to deal with loans.

And there are a few types of loans to approach, including personal loans, small business loans, and school loans. And then there are the options of combining credit cards into a new account with a lower interest rate or even considering bankruptcy as a legitimate option. Each has its pros and cons.

Personal Loans

Getting personal loans in order to pay off debt can either be very rational or a bit risky, depending on who you’re working with. There are lots of companies that do personal loans or even debt consolidation in order to help you organize and repay your debts, but if the interest rates aren’t low enough to make it worth your time, you should probably look to other means. Making mistakes in repayment after working with some businesses can have severe consequences as well.

More at: http://financialadvicenow.co.uk/getting-loans-get-debt/

David Justin Urbas - When Good Habitual Patterns Keep Your Poor

I attended a Enrolled Agent’s conference recently and there was a good discussion of the various ways people charge fees. Now EAs like other small business owners consistently undercharge for their services. I liken this to other habitual patterns that we do thinking that it makes our life easier. It may make it easier to do financial tasks but it also makes us less wealthy. Check out some of these habitual patterns that you may identify with:
Use the same mortgage broker to refinance your loan even though you can get a better rate elsewhere

Put your savings in the same bank as your checking even though you can get more interest in a money market mutual fund
Buy another rental property even though the one you have is not making money
Dollar cost average into the same mutual fund that has been losing money for you for years
Don’t change the beneficiaries on your accounts post divorce so you don’t have to be reminded of that unpleasant experience

More at: http://www.wholeheartedway.com/investment-planning/when-good-keep-your-poor

David Justin Urbas - Will 'Financial Neurosis' Destroy Your Retirement Dreams?

I’m a wealth manager, not a psychologist (although I did some grad work in the field). Very simplistically, the term “neurosis” relates to an inability to adjust aspects of behavior to one’s current reality. In my practice I use the term “financial neurosis” to describe current financial decisions that are mired in the lifestyle of a prior stage of life.

A recent example from an uber-wealthy client comes to mind. He’s an older gentleman who has a small dish on his desk with scraps of paper. Upon closer examination I noticed the scraps were postage stamps that were not cancelled, cut from envelopes. Reacting to my obviously not-so-subtle look of surprise, he responded with a half grin: “my parents were children of the Depression; I never know when I might need to steam off those stamps. I know it’s crazy and even though I know I’ll never use them, I find them comforting.” No further discussion was necessary. It’s great when self-awareness allows us to enjoy our own quirkiness!

More at: https://www.forbes.com/sites/robclarfeld/2017/02/21/will-financial-neurosis-destroy-your-retirement-dreams/#43fe68df100a

David Justin Urbas - 4 tips you should know for increase your savings after retirement

When it comes to plan for retirement, starting earlier always gives you multiple benefits. Ideally, from the initial years of your career, you have to start for retired life. However, there are few tips suggested by David Justin Urbas that can help you to boost the savings for retirement.

Start today:

If you have not started saving money for the retired life yet, start it now. The more you will invest in early days, better return you will get. Along with it, you can reinvest the assets strategically so that it helps to earn more.

But, most of the young professionals do the same mistake, i.e. they do not have any well formulated plan for the retired life. Thus, at first, you have to make a savings plan. While doing this, write down all financial goals. Then track the expenses and find out how you can save money. Remember, each small decision to cut down the expenses can help you to save money in long run.

Know the three financial stages of your life:

The experts say that financial condition of a person can be divided into three stages. These are- accumulation of assets aggressively, growing assets slowly before retirement and finally spending the accumulated asset after retirement.

How you will accumulate the assets and how you will invest these assets to increase the income, vary along with the financial stage.

However, the overall objective of savings is building the residual income and invest on property or business so that it can generate a sound amount of passive income. It, in turn, will help you to bear the living expenses after retirement.

Invest more than spending:

During the initial years of career, most of the people do the same mistake. They spend more than the investing on right things. Usually the young people prefer choosing an expensive lifestyle. It, in turn, leads to violation of the first rule of savings, i.e. accumulation of assets.

Such tendency never lets young professionals from being rich. If you do not want to get trapped in this situation, start saving money early. More asset you will be able to create during the first years, better will be the returns receive later.

From the very first day of your career, make a budget and control the expenses. Also, make sure that you do not have to pay for any debt. Paying is acceptable for those debts only which you have taken to buy assets like your own house.

Invest to make yourself financially educated:

Enhancing the rate of accumulating wealth is another technique for gaining financial stability in retired life. You may be benefited from the market condition also. But , before that increasing financial intelligence is necessary.

Before investing on the market, you can make yourself financially aware by reading books and doing research on internet. As soon as you will learn how to invest strategically, the chances of having a financially stable life after retirement will increase more. Finally, David Justin Urbas suggests to know and manage the risks effectively also for getting a comfortable life after retirement.

David Justin Urbas - 5 Easy Tips for Dating on a Budget

Having limited funds doesn't mean that you can't sweep your date off her feet. With a little preparation and some careful planning you can impress your sweetheart with a fun, creative date that she'll always remember. Skip the 5-star restaurant and get ready to make your sweetie swoon with these 5 easy tips for dating on a budget.

Dating Tip 1: Do Your Homework

The key to dating on a budget without looking cheap is to do your homework and be dialed in to what your significant other's interests are. If she loves to read do some research to find a quaint used book shop. Spend some time browsing the old books (most of which will be offered for very little money). Afterward you can afford to discuss your favorite authors over coffee and wrap it up with a free public reading by a poet or novelist at a library or university nearby. With a little planning you'll surprise your sweetheart and come off as extremely thoughtful, not extremely cheap - a great tip for dating which can win her heart and save you money.

More at: http://www.financialfreedomnow.org/5-easy-tips-for-dating-on-a-budget.html

David Justin Urbas - 3 great tips you should keep in mind for saving money in 2017

The long term improvement in your financial well being can be achieved only if you can bring long term changes to the expense pattern. Here, David Justin Urbas has suggested few ways which you can follow to have a wealthy year.

Start with making a budget:

Without having a clearly defined budget, the chances of taking wrong money decisions reduce. In order to save significant amount of money each month, you have to track the regular expenses and plan for future spending in advance. When making a monthly budget, try to set limits on unnecessary expenses that restrict you from achieving the targets. Along with regular savings, try to keep a little portion side for seasonal expenditure. Urbas suggests to learn some money management tips also to save significant amount of money.

Limit use of expensive credit cards:

Huge debt of credit cards is another reason that restrict people from saving money significantly. In some credit cards, the interest rate is quite high. So, when you are purchasing with these cards too much, you have to pay for the past instead of future. Thus, before starting to save, reduce use of expensive credit cards. Rather, look for those which have lower interest rates.

Be less wasteful:

For increasing the savings, you have to live below the means. It does not mean that you have to follow cheap lifestyle. But, try to be less wasteful, i.e. ensure that you have good value for the purchases. In addition to this, search opportunities using which you can increase the income slightly. Even a hike of $100 in your weekly income can make significant differences in savings.

Creation of an emergency savings fund is another move that you have to take in 2017. To many of us, it may sound odd. But, when you have such a fund ready, handling unexpected expenses will be easier.


If you don’t already know, you might be shocked (and perhaps even angry) to learn that most if not all regular pension fund operators who represent workers invest that money which comes in as pension fund contributions into the stock market. This happens in more places around the world than what one might initially think, but it still doesn’t make it any less disturbing.

I mean shouldn’t workers at least have a say in what their pensions are going be invested in? What makes it even worse is the fact that workers are effectively forced to put some money away for their pensions, which in itself isn’t a bad thing, but shouldn’t workers at least have a say as to where their money is going to be invested?

More at: http://financialadvicenow.co.uk/token-investments-alternative-stock-market/