Successfully Managing Your Credit

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The easiest way to fall into the bottomless pit that is debt is by not knowing how to manage your credit successfully. Credit cards are not given to only those with financial savvy and they don’t come with an instruction manual on how to use them.

The average American has anywhere from five to eight credit cards and can carry a debt of more than $20,000, and for some the number is even higher. Learning the ins and outs of credit management may save you from a bleak financial future and thrust you into the light of financial freedom. Continue »

Why You Need to Purchase Life Insurance

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With America’s financial future in debate, paying an extra bill for life insurance each month may not seem to be worth it. If you have a family, then life insurance is one of the most important purchases you can make to ensure that your dependents will be taken care of if something unforeseen should happen to you.

Life Insurance Products

There are a variety of life insurance products that can ensure the financial security of your family if you are no longer able to provide for them. Without your salary your family will still need to afford medical care, the children will need funds for education, and if you own a home, the mortgage payments must be met. Continue »

April 2008 Net Worth - $82,394.84

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Wow! April turned out to be a surprisingly good month for us. In fact, $6,587.24 is the largest net worth gain in a month that we’ve ever had. And the good news is that it wasn’t due to any one time irregular income like a tax rebate or economic stimulus payment (still waiting for those). This is simply what’s possible when our monthly investment contributions aren’t erased by market declines.

We hit the $80k milestone this month, 5 months after hitting the $70k milestone. The following list shows when we hit each milestone, and how long it took after the previous milestone: Continue »