Debt

Make it Zero

What do I mean by make it zero? It means eliminating your debt to nothing. Many of you are trying to adhere to the debt avalanche or the debt blast. However, you might be feeling a bit frustrated. If you that is you, then you might try doing the debt snowball. The difference between these is that with the avalanche…

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Summer Weddings

Some of you might be planning summer weddings. If so, congratulations. However, before you start saying, “We are going spend X number of dollars on the wedding.” You need to rephrase that statement with, “Are we able to afford to spend X dollars on this wedding?” Please don’t borrow money or put the costs on your credit cards to pay…

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MONEY

Are you longing to live

Are you longing to live: a life free from debt; a life free from stress caused by money worries; a life free from worry of not having enough? If so, there is a simple solution. You need to learn three things: trust God; live below your means; and save. After reading this, you might be sneering at these simple solutions. However, you need…

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The Seven Money Types

In reading one of my devotionals today from Faith Gateway, I decided to take the quiz and figure out which was my money type. If you go to Tommy Brown.org, you too can take the quiz. It only takes you a few seconds. I was surprised to learn that it identified me correctly. Evidently, I am an Abraham type. According to…

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BORROWING

Don’t do it

Fannie Mae and Freddi Mac have started backing low down payment mortgages. You can get a home by putting only 3% down. Don’t do it! Remember the housing crisis that hit just a few years back? It occurred, in part, because of this type of low down payments. The low down payment sounds attractive, but if you don’t have the 20%…

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Types of bankruptcies

Two types of bankruptcies that are most commonly filed when you are drowning in debt are Chapter 7 and Chapter 13. Chapter 7 is the most common type of bankruptcy. It is available to both individuals and businesses. Another name for Chapter 7 bankruptcy is Straight Bankruptcy. Any assets that can be sold to pay the lenders are known as non-exempt…

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