Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Â
When credit cards go bad: How we get into debt
1. âA unique voice on money,
i w r d an
do
i l l ail d i
wn
fo ds,
one singularly attuned toâŠhis generation.â
t e y t nt
loa
a c ac er
I WIll
h y tic act
Vis u t o l tip e sp
âSan FranciSco chronicle
o a iv
it b e r s, b re
i c on ads
h . us h
co
m
ee
ts
TEAch
You
by
RAmIT SEThI
founder and writer of
iwillteachyoutoberich.com
ToBE No Guilt.
No Excuses.
No B.S.
Just a
6-Week
Program
That Works
2. OpTImIze YOuR CRedIT CaRds
wHen Credit Cards GO Bad
Just like with gaining weight, most people donât get into serious credit
card debt overnight. Instead, things go wrong little by little until they
realize theyâve got a serious problem. If youâve ended up in credit card
debt, it can seem overwhelming. When you watch Dr. Phil, you wonder
why those people canât figure out how to solve their problems when the
answers are so clear: âYes, you should leave him! He hasnât had a job for
the last eight years! And he looks like a rat. Are you blind?â But when
we have our own problems, the answers donât seem so simple. What
should you do? How do you manage your day-to-day finances? And why
do things keep getting worse? The good news is that credit card debt is
almost always manageable if you have a plan and take disciplined steps
to reduce it. Yes, itâs hard, but you can get out of debt.
Now, almost nothing makes people feel guiltier than having credit
card debt. Seventy-five percent of Americans claim they donât make major
purchases on their credit card unless they can pay it off immediately. Yet
from looking at actual spending behaviors, 70 percent of Americans carry
a balance and fewer than half are willing to reveal their credit card debt to
a friend. Those numbers are an indication that American consumers are
ashamed of their debt levels, says Greg McBride, a senior financial analyst
from www.bankrate.com, which commissioned the study. Referring to a
recent study on consumer behavior, he told me, âThey [are] more willing
to give their name, age, and even details of their sex life than provid[e] the
amount of their credit card debt.â Really? Their sex lives? I would like to talk
to these people . . . alone.
When I was engaged, I asked my credit union to raise my Visa limit
of $500 to $1,500. This was a horrible mistake. My wedding dress
budget of $500 suddenly became $1,200 when I âfell in loveâ with
a dress in a boutique. Iâve paid only the minimum balance on my
Visa each month, since emergency expenses seem to be keeping
our budget stretched paper-thin, so Iâm throwing away $30 or
more per month in interest for a credit card balance from just one
day in my life. My husband and I will most likely be paying for the
wedding for years to come.
âClaire stuBBlefield, 24
37
3. Get the full
book at
Amazon.com
About the book
At last, for a generation that's materially ambitious
yet financially clueless comes I Will Teach You To
Be Rich, Ramit Sethi's 6-week personal finance
program for 20-to-35-year-olds. A completely
practical approach based around the four pillars of
personal financeâbanking, saving, budgeting, and
investingâand the wealth-building ideas of
personal entrepreneurship.