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Yielding Wealth | Personal Finance

October 29th, 2008

Fed Rate Cut: How Will It Affect the Economy (And You)?

Today, the Federal Reserve is widely expected to cut the Fed Funds rate. Because the economy seems to be heading toward recession, the overriding goal is to stimulate the economy. And this means — as far as the Fed is concerned — making it cheaper for everyone to borrow money.
Because our economy runs on consumption […]

By miranda -- 12 comments

October 3rd, 2008

Get Out of Debt: Back to Basics

This morning, I was listening to the Diane Ream show on NPR while taking my son to the library. The subject was the forthcoming $700 billion bailout bill in the House, and how it is expected to loosen credit markets. I heard one of the guests say something similar to this: “If people can’t buy […]

By miranda -- 4 comments

June 23rd, 2008

B5 Business Channel Theme Day: New Beginnings in a Challenging Economy

Today’s B5 Business Channel Theme Day is “New Beginnings in a Challenging Economy.”
As the economy gets a little more challenging, it is time to rethink the way you do things, and to make a new financial beginning. Consider some of these “new beginnings” for your financial life:

Re-evaluate your wants and your needs and cut back […]

By miranda -- 1 comment

June 20th, 2008

Personal Finance Tip #5: Pay Off Consumer Debt

This tip is a biggie: Pay off consumer debt. (Especially credit cards.)
Debt costs you money. Sometimes thousands of dollars. The interest charges don’t bring you anything tangible — or even tangible — in terms of benefits. All interest from debt represents is money you pay to get someone else rich. My guest post on […]

By miranda -- 0 comments

June 12th, 2008

A New Kind of Debt Negotiation? Rise Above Debt Relief

Normally, I am not overly fond debt negotiation. After all, the idea is that you stop paying your creditors and put money into a third savings account. The debt negotiation company then works on settling your debt (usually for less than you owe overall) and then pays the settlement out of the third party savings […]

By miranda -- 6 comments

December 7th, 2007

What’s Your Credit Card Interest Rate?

If you haven’t been reading those notices that come in your credit card statement, or if you haven’t looked on your statement for your credit card interest rate, you may be in for a rather unpleasant surprise.
Some credit card companies (Discover notable among them) are in the habit of periodically checking your credit report. They […]

By miranda -- 0 comments

August 6th, 2007

Home Equity Loan Debt Consolidation

One of the more popular modes of debt consolidation is using one’s home equity loan. Debt consolidation can be an effective debt management technique, and it can be a good part of a debt plan that is made to get out of debt fast. However, a home equity loan debt consolidation can be a risky […]

By miranda -- 0 comments

August 6th, 2007

The Faster You Get Out of Debt, The Better Off You’ll Be

One of the big financial planning trends right now is debt management. People seem to be drowning in debt, and the management of said debt is a quite lucrative industry. But the fact of the matter is that if you want to truly build wealth, you have to do more than manage your debt. You […]

By miranda -- 3 comments