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Flying with kids is something that can strike fear into even the calmest, most experienced parent. Long hours in a confined space, limited leg room, turbulence, jetlag, and endless waits in crowded airports are hard enough for adults to cope with, let alone young kids. Fortunately, there are ways you can make flying with your little ones a fun and enjoyable experience. Or, at the very least, one that won’t leave you, your family, and […]

Wondering what the best Mintos loan originators are? Get ready to learn all the details about Mintos loan originators, how to review them, and which to avoid. When you’re investing in Mintos, how do you select the loan originators offering loans through Mintos? Is a lower interest safer? Do I select loans with buyback guarantees only? It may seem daunting to choose the right loan originators for you, out of the 65 loan originators that […]

Filing for bankruptcy is usually the last resort for someone to get relief from financial difficulties. If you are dealing with excessive debt, you might be considering this solution. Every situation is different. It may be best for you to file chapter 7 or chapter 13 to relieve your financial hardship. However, there are other options. If you are facing difficult financial circumstances, this guide shares some of the best alternatives to bankruptcy so that […]

  It’s been quite awhile since I wrote about anything parenting-related. That’s not to say I have nothing to say! It’s just been… overwhelming at times. Here are my latest reflections/lessons. On boundaries There’s a bit of a parallel here. I’m learning boundaries with my kid, just as I need them in my own life in general. It’s a little bit easier with a toddler, to be honest. I know we need them for safety, […]

My pick of last week’s news is An absolutely crazy week for the British economy “An absolutely crazy week for the British economy” BBC:  a summary of what happened each day/ Energy bills: Almost half a million could be forced onto pricey pay-as-you-go meters by the end of the year Citizens Advice: “Energy companies have […] The post Debt news – 2 October 2022 appeared first on Debt Camel.

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Originally published February 17, 2016 There’s one step in paying off debt that seems so obvious to me that I’ve never really considered an alternative.  However, as I read more widely in personal finance, I discovered that many people intentionally skip this important step. The question is whether to start paying off debt immediately or to first save up an “emergency fund.” The pure mathematics argument is that every dollar you pay off now, is a […]

Welcome to the last episode in our September Sabbatical series! If you’ve been listening to the show for the past few years, then you know that we’ve entered our September Sabbatical, where the team takes a break from podcast production and airs a few of our favorites from the 400+ episodes we’ve aired to date. F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship. This September, we’re running four weeks of episodes focusing on each of these four pillars. Today, we are airing an episode focused on entrepreneurship. When Rand Fishkin was 25 years old, he carried $500,000 in credit card debt. Less than a decade later, Rand was the Founder and CEO of a company that grossed $35 million in annual revenue. In this podcast episode, Rand shares the story of hitting his financial rock-bottom and making the ultimate comeback. The saga began in 2001, when then-22-year-old Rand dropped out of his senior year of college to grow a business with his mom. His mom, Gillian, owned a small marketing company that helped local businesses with tasks like placing ads in Yellow Pages. (If you don’t know what that is, ask someone over 30.) Rand had an early entrepreneurial streak and had spent the late 1990’s and early 2000’s working part-time for his mom’s business. By his senior year, he was ready to dive in full-time. Gillian and Rand both realized the internet was more than a passing fad. Households were switching from dial-up modems to broadband connections. Clients were more interested in websites than Yellow Pages ads. The mother-son duo decided to start designing websites for local businesses. From 2001 to 2004, they hired contractors, rented office space, hosted booths at conferences, and purchased advertising. They paid for most of this with personal credit cards in Rand’s name. By 2004, they’d accumulated $150,000 in credit card debt. Then they defaulted. They couldn’t make the minimum payments anymore. The interest and late fees grew this balance to an astronomical $500,000. They decided not to declare bankruptcy. Instead, they took a two-pronged approach: Rand’s mom spent the next three years negotiating with creditors, getting big chunks of the interest and late fees waived in exchange for making payments on the principal balance. Meanwhile, Rand focused on growing the business. Several of his clients needed help with a specific aspect of internet marketing called search engine optimization, or SEO. Rand began researching SEO tactics and started a blog to share his findings. This blog attracted new clients, and soon Rand developed a reputation as an SEO expert. He created a company called SEOMoz, later rebranded as Moz, to offer consulting services for businesses. After a few years, his company started developing and selling subscriptions to SEO software tools, as well. By the time Rand stepped down from his role as CEO, the company had raised multiple rounds of funding and was collecting $35 million in annual revenue. But there’s a difference between a company’s earnings and the personal

There are three things you can never get away from – death, taxes and Cher. There are ways to minimise your tax footprint in the property investment sphere. This includes controlling your income and expenses better, using available tax breaks and/or using the right legal structures. Let’s look at the taxation of rental property and then how to pay less tax. How is rental income taxed? Rental income is taxed at your normal income tax […]

Hi there! You new here? We love that you found our little corner of the web. Here at Debt Free Guys, we’re all about helping people experience the freedom of becoming debt free! Would you love to feel that relief? After reading our article below, see how we can help you more here. Is it smarter to pay off debt or invest? Learn which option is better for you paying down debt or investing on […]

Yeah, this was something I was initially against. Why on earth would anyone pay that much money to open a credit card?! After several years of thinking that way, I’ve since changed my mind. And I recently applied for and got a credit card with a $395 annual fee!! It was something that we’d never done before. Premium cards like this are expensive and they never seemed worthwhile to us. Sure you get some good […]

If you’ve paid off your mortgage, you’ve achieved quite the milestone! Many people never accomplish this; if they do, it takes decades to do it, so you should be proud! Not having a mortgage can be incredibly freeing. There’s no more stress of making the mortgage payment, and you can start aggressively saving for retirement or other goals, not to mention how much your net worth increased when you owned your home free and clear. […]