If you are overwhelmed with debt and wondering how you got there, it more than likely is due to  the lack of financial planning beforehand. By having a financial plan not only guides you to manage money and avoid debt, it can lead to the road to wealth. Who wouldn’t want to be at a stage where they don’t have to worry about money.

With the way the economy is now, financial planning is even more important than before. That means having money saved for the future and any unexpected events like a job loss or illness.  Many believe they don’t have enough to save because of all their expenses but it is possible to save by reviewing your finances and seeing where you can cut back. Even a small weekly amount put aside for savings can make a difference.

If you are … Read More

It was 2 years ago that I was over my head in debt. That’s when I started this blog in my quest to get rid of  debt. Initially, I wasn’t off to a good start because the approach I first tried failed. That changed when months later I took a different direction.

Basically what I was trying to achieve is a blog where I could brainstorm and post what I was doing to reduce my debt that would also be helpful for others to reduce and get rid of debt too. I started by accepting donations on the site but that aspect didn’t work out and was scrapped because most of the people who were visiting my site were also in the same boat so hardly in a position to help anyone else out. And really when you think about it, no one should expect anyone else to bail them … Read More

If you are searching for ways to make money to get out of debt, why not try blogging. A blog is the easiest type of site to set up as you don’t need technical skills.  There are many making money from blogging and you could be too.

 Blogging is what I have been doing to pay debt and to achieve my goal of financial freedom. Therefore I know that it can be done with some effort. For me, the best part of  making money online is the freedom to work at my own schedule and pace, not having to answer to a demanding boss nor getting stuck in rush hour traffic to get to work  on time — because I operate from the comfort of my home and answer to no one other than myself. 

A blog in itself is very easy to start. All you basically need is a domain name … Read More

Dealing with debt is no fun at all when you are desperately trying to keep up to all the bills. Wouldn’t it be a big relief if it could just disappear and you can be debt-free once and for all? The only problem is once it has accumulated to a point where you are drowning in it, there isn’t an easy  solution to get rid of it. Debt has a tendency to have a snowball effect and you can end up with more than you can afford and handle. And without enough money to pay it out, your next best option is to get the debt under control.

I have been able to considerably reduce my debt over time to a point now where it is manageable. Once you get to this stage, it no longer becomes a desperation to … Read More

An ideal way to make money online to pay debt is through affiliate marketing. Whether it’s extra part-time cash you need or to turn into a full-time income, becoming an affiliate marketer offers many opportunities. What is great about it is not having to ship products yourself or dealing directly with customers, as the affiliate programs handles it all. You just collect the hefty commissions by promoting products and, through the affiliate links, forwarding targeted traffic to make sales from.

Products in the health and beauty niche are year-round in demand, so they make ideal products to promote. A few of the ways that you can promote these affiliate products can be through your health & beauty websites, niche related forums and by article marketing.

Market Health is one of the best affiliate programs out there for the health and beauty niche. Not only … Read More

I’m sure those who are deep in debt and in dire need of money have thought of it…”if only I could win the lottery I would be debt-free”. So what are the chances of winning the lottery? The odds say less chance than getting hit by lightning. When’s the last time you got hit by lightning?

It’s hard enough to win the lotto once but I just don’t get how a few lucky people win more than once, sometimes 2 or 3 times even. I remember one guy won millions 3 times over a span of a few years and each time the lottery corporation had to investigate to make sure it was legit  Of course they didn’t find anything and he  probably just had some lucky horseshoes or some sixth sense. I don’t think you can beat the lottery system … Read More

Although as yet I am not out of debt but I do have a handle on it and steadily reducing it. How? By making money online. 

I have built or bought websites that I try to generate income from and flip for profit.  These are mostly niche websites that target specific topics or products.  How I earn from them is through commissions from the various affiliate programs that I joined. For example, Amazon, Clickbank, Market Health, Commission Junction, Ebay, CashCrate plus some others. I also from time to time buy aged domains from Godaddy Auctions that I resell. I  don’t have only one source that I earn from but rather various, so all my eggs aren’t in the same basket. Meaning if one fails, I have others to fall back on.

I also make money online from advertising sales and website services. Since I get requests from people about starting a … Read More

If you are serious about erasing your debt, then you will need to add to your income. Because really that is all that is needed to erase debt — MONEY. And the reason the debt is not gone is because there is a shortage of money.

Maybe you have a significant amount of debt and you are thinking that you will have to work plenty of overtime hours or have to get a second job just to get a handle on it. And if you are already tired of the debt, the thought of working more sounds even more exhausting. Isn’t there an easier way, you may be asking. Yes there is.

Although you will still have to work at it to get rid of the debt, but you don’t have to work hard. How? By working smart.

Working smart means using your … Read More

Maybe I’ve had this wrong all along, that having a large amount of debt means you have a debt problem. The light bulb has finally come on, and what is absolutely clear is that a debt problem isn’t necessarily based on the size of your debt. Whether you charge a dollar or thousands of dollars on your credit card, if you can’t pay the full balance off when the bill arrives at the end of the month, then you are on your way to a debt problem. Why? Because carrying a credit card balance often leads to a bad situation due to high interest credit cards. And even if they are low interest credit cards, many times the credit cards are used for necessities and this in itself makes it a bad type of debt especially if you can’t pay off the balance. So by … Read More

Finally after almost 2 years, my house is sold. And I should be debt-free right? Wrong. Unfortunately over time the house prices had fallen and I got behind on the property taxes.  On top of that I had a nightmare buyer to deal with, so in the end I got less for the property than I should have thanks to the wonderful realtor I hired, who by the way also took a chunk of the pie – his fat commission. One thing I learned is never sell a house through a realtor. Why? Because it always seems to favor the buyer as they seem to bring enough of them in who pick at everything to get the seller down as much as possible, and make it look like all buyers are saying the same, when in fact they are bringing mostly ones that are not “serious buyers”.  … Read More