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Money Management
Developing a Millionaire Mindset
Do you have a millionaire mindset? Have you ever questioned your attitudes toward wealth and money? Do you think you are deserving of the lifestyle you might only dream of right now? Is it possible that something deep inside of you feels that you don’t deserve to be prosperous?
Sometimes we hold ourselves back from realizing our dreams because of the attitudes we have been raised with or developed in response to life’s challenges. A lot of people take the safe road home and never risk dreaming about how things could be different.
Several months ago, I attended a local art show in Salt Lake City, Utah to support one of my dear friends. As I searched for the art show, I had to walk at least a half a mile through a convention center to finally find the rooms where the art show was being held. The art show looked great but apparently was poorly attended. Possibly because it was so difficult to find.
As I made my way out of the convention center I noticed a huge gathering of people in another conference room where hundreds of people were intently listening to the guest speaker. I thought that it was too bad all these people weren’t at the art show. I tried to get as close as I could to hear the speaker without having someone throw me out.
These are the wonderful tidbits of advice I was able to get from that meeting of the Millionaire Mind Intensive program, for which I am grateful and would like to share with you.
Attitudes of Wealth Winning the Mind Game
- I create my life. I create the exact amount of my financial success.
- I play the money game to win. My intention is to create wealth and abundance.
- I admire and model rich and successful people.
- I believe money is important, money is freedom and money makes life more enjoyable.
- I get rich doing what I love.
- I deserve to be rich because I add value to other people’s lives.
- I am a generous giver and excellent receiver.
- I am truly grateful for all the money I have now.
- Lucrative opportunities always come my way.
- My capacity to earn, hold and grow money expands day-by-day
Attitudes of Wealth – Winning the Money Game
- I am an excellent money manager.
- I always pay myself first.
- I put money into my Financial Freedom Account every day.
- My money works hard for me and makes me more and more money.
- I earn enough passive income to pay for my desired lifestyle.
- I am financially free. I work because I choose to, not because I have to.
- My part-time business is managing and creating passive income streams.
Perhaps we can adopt some of these attitudes of wealth to help us create a more successful personal finance story.
If you have experienced using these positive thinking Millionaire Mind Mantras, please share your story!
Free Guidebook to A Few Tips To Improve Your Credit Score
Your credit rating can be your most valuable asset or your most annoying hindrance. The fact still stands that you can not live comfortably without having a good credit score. There is no way to avoid the issues of your credit score, one way or another your credit score report will become a topic of discussion. Whether you are making one of the two biggest purchases of your lifetime or you are applying for a job in the financial market, you will need to have good credit.
A perfect credit score is something that is fairly easy to achieve but a little harder to maintain. Everyone starts with a good clean slate. Maintaining that clean credit however is difficult to stay on top of, especially during tough economic times. The good news is that if you find yourself falling behind on your credit, there are a few simple steps that you can follow to help raise credit score for the 3 credit bureaus.
The first thing your would need if you are trying to get a higher credit rating is to get a free copy of your free triple score. A copy of your credit report will bring to your attention what you need to do in order to raise your credit score. Once you receive your report, make sure that all the information is correct. Any inaccuracies in your free report can affect your credit rating. A thorough investigation should include checking for accounts that are not yours, accounts that are reporting incorrectly, and even personal information such as addresses.
If you do not have any bad information to investigate with Equifax,Experian, or Transunion, then your next steps should be taking some simple measures to raise credit scores with the 3 bureaus:
Pay Your Bills On Time:
It is much harder to do but it is very necessary that you pay your bills on time, even if you only pay the smallest required amount. Creditors mainly look at you current late payments in determining you credit worthiness, so if you have been late in the past, you can improve your rating by paying on time. Six months of steady payments can raise your score tremendously.
Lower Your High Limits:
The percentage of credit availability to credit balance can cause great damage to your credit score by as many as 100 points. You may be being on time but if all your credit cards are maxed out, a creditor assumes that you don’t have much money available to acquire new credit.
Do Not Close Unused Credit:
Do not terminate any open unused accounts, credit cards or revolving credit accounts due to lack of use. You may not have any plans on using these cards, but if you close them, the good credit history will be removed from your account causing your credit score to drop. Older more established credit looks better than newer credit accounts.
Avoid Filing For Bankruptcy:
Filing for bankruptcy can elimate all your debt in some instances, but the negative aspects to your report damages to your credit will remain for at least 7 years. Bankruptcies look especially bad because it shows that you chose not to pay your creditors at all.
Refrain From Making Unnecessary inquiries:
One inquiry can be responsible for bringing your credit down a few points. Although one inquiry will not be too adverse on your credit score report,but several inquiries can add up and become the difference between being approved for a loan or not. If you notice any inquiries that you did not authorize, you can dispute these inquiries to help raise credit score points.
Improving your beacon score can easily be attributed to following these simple steps. Maintaining your credit score however must be a major priority. You must stay on top of your credit score by getting at lease two credit check report annually and or making sure that you have some sort of credit protection.
More Help With Debt Problems
Debt got you down? You’re not alone. Consumer debt is at an all-time high and it’s not getting any better any time soon. Whether or not your debt problems are the result of an illness, unemployment, or simply from overspending, it can seem overwhelming and frustrating. By reading this article, you will learn some common pitfalls to avoid and consider before looking for consolidation debt help.
Credit Debt Help
But whatever you do, Don’t File Bankruptcy before reading the rest of this article and visiting our site…Here’s why:
In your effort to get solvent, first, be on the alert for advertisements that offer seemingly quick fixes for debt problems. While the ads pitch the promise of easy consolidation debt help, they rarely say the help may be spelled b-a-n-k-r-u-p-t-c-y.
And although bankruptcy is one option to deal with financial problems, it’s generally considered the option of last resort especially when there is real consolidation debt help available without bankruptcy.
One just needs to read between the lines and to partner with a reputable debt relief company. The main reason Bankruptcy should be the last option is: its long-term negative impact on your creditworthiness in the future.
Bankruptcy information (both the date of your filing and the later date of discharge) stays on your credit report for 10 years, and can hinder your ability to get credit, a job, insurance, or even a place to live.
The Federal Trade Commission (FTC) cautions consumers to read between the lines when faced with ads in newspapers, magazines, or even telephone directories that say: “Consolidate your bills into one monthly payment without borrowing.” “STOP credit harassment, foreclosures, repossessions, tax levies, and garnishments.” “Keep Your Property.” “Wipe out your debts! Consolidate your bills!
Now don’t get me wrong, there are consolidation debt help companies that do honest work. We are just saying that you need to do your homework and choose wisely when considering debt relief. In fact, at the end of this article we will direct you to more information and where to get the best service.
However, you will find out that some of these aforementioned and “over hyped” statements can be a red flag when searching for good consolidation debt help companies. And they may often involve filing for bankruptcy relief, which can hurt your credit and cost you attorneys’ fees.
If you’re having trouble paying your bills, consider these possibilities before considering filing for Bankruptcy: 3 Things you can do to Avoid Bankruptcy today:
Talk with your creditors. They may be willing to work out a modified payment plan. If talking to your creditors seems overwhelming or you just would rather not do it, consider choosing consolidation debt help first. Our recommendations are below.
Contact a credit counseling service or reputable debt settlement company. These organizations work with you and your creditors to develop debt repayment plans. Such plans require you to deposit money each month with the debt counseling service. The service then pays your creditors for. This is a very good option for you to consider because many of these debt relief companies are trained to negotiate with your creditors and probably have dealt with your creditors in the past.
Carefully consider a second mortgage or home equity line of credit. While these loans may allow you to consolidate your debt, they also require your home as collateral.
As you can see, you do have options to consider when looking for consolidation debt help. However you do need to do something. Your debt will not go away on its own. The most common mistake of all, besides filing bankruptcy, is to do nothing and watch the problem get worse. There is help with debt problems and we’ll show you where to get it. For more information and our recommendations for the best consolidation debt help companies:
A Good Credit Report Is Important
Building a good credit history is something that many deem as easy but perhaps harder as time passes. Especially for the ones who are taking out loans or using credit cards for the very first time, a good credit record would not usually be in their minds since they settle the monthly amortization or minimum amount due for payment.
However, at some point, these practices of payment may take center stage and will actually become basis when then need for evaluation of your credit record suffices. This normally occurs when people want to take out larger loans with banks or perhaps another credit card to get more lines of credit. Before you can get them, credit evaluation checks are sure to be done and this is where your records will tell if you have a good credit record or not.
Did you ever wonder why some companies would require proof of financial documents to support a certain application like perhaps a postpaid line? These documents tell the story of how well you manage you finances or in this case, your credit record credibility. To the eyes of many, it may not matter as long as they settle them. But the time it takes you settle as well as the amount you may have left unsettled are telling factors to which make up how good your current credit record truly is.
Having a bank account may help improve your credit. Whether it is a checking or savings account, having this to show each time proof of financial capacity to pay helps a lot in showing credit companies that you are liquid and are capable of paying your debts coinciding what you are asking for. It may not immediately be a basis to build your credit record but the point here is that they know you are not getting a loan without anything to pay it back.
Finally, despite good credit history on your part, you may encounter some instances where credit or loan applications may be turned down. It never hurts to ask them why. Once you find that out, try to see if you can remedy the problem through perhaps submitting other forms of documents which can help support your application. Such a scenario is typical and while others would give up immediately, there are times where you just have to find out what went wrong despite having a good credit record.
It takes time to build a good credit history. It starts on how well you manage your finances. The better you handle them, the easier it is get to get a good credit record and the approved line of credit you are seeking. Just be patient and never take your finances for granted. It can play a big difference as far as building a good credit report on your end.