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Member You - Should You Consolidate by Refinancing or Get a Second Job?
Failure in niche marketing is close to finding out that you have employed the wrong niche research tool. There is nothing shoddier than squandering on money, time, and effort in building up a particular product for your niche market, only to realize in the end that it is not doing a
What about refinancing the home and paying off that debt. Well, that same caller said they could save about $450 a month over the current set up. So now, if the caller still paid the monthly amount they already were getting by on, they would accomplish the additional $100 a week and not have to get the second job. Add to that the tax advantag
Article marketing seems to be the buzz word in web site marketing and SEO (search engine optimization) lately. I've had a lot of people ask me-- what exactly is article marketing? Why is it so popular? And how is it done?Well, the whole point of Internet marketing is to get p
"We have about $20,000 in excessive debt, and with the minimum credit limits going up I am afraid that we will not be able to handle even the minimum payments. I have spoken to a mortgage company about refinancing my mortgage and consolidating my debt into a payment we can manage. What should we do?"
The answer was given... "Do not refinance your home! Why would you do that? Why risk your home by adding more debt to it? I want you to go out and get a second job and work hard to pay this off."
I could not believe this advice! Basically this poor caller was told to go out, take time away from the family and work a second job (probably around $7-8 per hour) to pay off the extra debt. Forgetting the ramifications on the caller's personal life and stress load, lets look at the financial reality here.
A second job at even an aggressive rate of $10 per hour will average only 10-20 hours a week. Say $200 before taxes, roughly $150 after taxes. Take away the increased expenses occurred (gas, wear and tear on vehicle, etc) and count roughly $100 a week to add towards the debt. Again, we will forget the whole compound interest on the card balances (as if the credit card companies would do that!) At $100 a week, you would get that $20,000 paid off in roughly 200 weeks. That's nearly 4 years working every week. (Now add back the interest, and how long would that take?)
Wow.. not so bad huh? Where do I sign up?
What about refinancing the home and paying off that debt. Well, that same caller said they could save about $450 a month over the current set up. So now, if the caller still paid the monthly amount they already were getting by on, they would accomplish the additional $100 a week and not have to get the second job. Add to that the tax advantag
Small and Medium size business are always looking for a way to save a couple of bucks, these days, who isn’t? However… When it comes to the image that will represent your business and bring you even more clients, you can afford to be cheap.Needless to say, there are literally
The answer was given... "Do not refinance your home! Why would you do that? Why risk your home by adding more debt to it? I want you to go out and get a second job and work hard to pay this off."
I could not believe this advice! Basically this poor caller was told to go out, take time away from the family and work a second job (probably around $7-8 per hour) to pay off the extra debt. Forgetting the ramifications on the caller's personal life and stress load, lets look at the financial reality here.
A second job at even an aggressive rate of $10 per hour will average only 10-20 hours a week. Say $200 before taxes, roughly $150 after taxes. Take away the increased expenses occurred (gas, wear and tear on vehicle, etc) and count roughly $100 a week to add towards the debt. Again, we will forget the whole compound interest on the card balances (as if the credit card companies would do that!) At $100 a week, you would get that $20,000 paid off in roughly 200 weeks. That's nearly 4 years working every week. (Now add back the interest, and how long would that take?)
Wow.. not so bad huh? Where do I sign up?
What about refinancing the home and paying off that debt. Well, that same caller said they could save about $450 a month over the current set up. So now, if the caller still paid the monthly amount they already were getting by on, they would accomplish the additional $100 a week and not have to get the second job. Add to that the tax advantag
Business organizations produce goods or services. Though there are vast differences in the functioning and approaches of these organizations, they all strive to achieve certain objectives. It must also be noted that organizations cannot achieve the objectives effortlessly. They are
A second job at even an aggressive rate of $10 per hour will average only 10-20 hours a week. Say $200 before taxes, roughly $150 after taxes. Take away the increased expenses occurred (gas, wear and tear on vehicle, etc) and count roughly $100 a week to add towards the debt. Again, we will forget the whole compound interest on the card balances (as if the credit card companies would do that!) At $100 a week, you would get that $20,000 paid off in roughly 200 weeks. That's nearly 4 years working every week. (Now add back the interest, and how long would that take?)
Wow.. not so bad huh? Where do I sign up?
What about refinancing the home and paying off that debt. Well, that same caller said they could save about $450 a month over the current set up. So now, if the caller still paid the monthly amount they already were getting by on, they would accomplish the additional $100 a week and not have to get the second job. Add to that the tax advantag
Creating your own website used to be something that only a few people knew how to do and now it is very easy to get a website on the internet. You don't need any technical knowledge. All you need to know is how to use a word processor.The Four QuestionsIn this article
Wow.. not so bad huh? Where do I sign up?
What about refinancing the home and paying off that debt. Well, that same caller said they could save about $450 a month over the current set up. So now, if the caller still paid the monthly amount they already were getting by on, they would accomplish the additional $100 a week and not have to get the second job. Add to that the tax advantag
With the increase of home-based and new, independent businesses being introduced, the need for obtaining a credit card reader / writer is also growing. The modern credit card readers and writers have in large quantities replaced the old style readers. Who remembers the old-fashioned
What about refinancing the home and paying off that debt. Well, that same caller said they could save about $450 a month over the current set up. So now, if the caller still paid the monthly amount they already were getting by on, they would accomplish the additional $100 a week and not have to get the second job. Add to that the tax advantages from the interest paid on a mortgage, and which is the better way to go?
Honestly, I think the advice was wrong. My advice? Don't call into a so-called expert and ask for financial advice. Seek advice from a professional that can sit down with you and take the time to give you good advice tailored to your needs and goals.. not a talk show's agenda!
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