 Is $2 million enough money for me to quit my job? |
What are some great investments to make my money grow?
Additional Details
I'm 37 yrs old and own a custom home building business.... |
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 I look around and everyone seems to have new cars, homes, and nice clothes, etc...etc..? |
| What are they doing that I'm not.....how did they get this financial windfall...? I'm amazed...... |
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 I want to manage my money? |
| I go to school and work. I make about one thousand a month. I don't have much bills but lets say about 300 a month on bills. I live with my parents for free. I don't have interest on ... |
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 My fiance is leaving his currrent job can he continue to contribute to the 401K at the current job? |
| He is resigning from his present Fortune 500 company of 10 years to work for a LLC. It seems that it would be best if he could leave his 401k there and make contributions. What are the other options?... |
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 Why do people spend and overspend.? |
| I don't drive a car I ride a bicycle to shops and my feel get sore from walking about 10 miles a day at my job as a cleaner.My shoes are holey and i need to buy new shoes but when I get home ... |
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 What would you do if you won the Euro Millions £100,000,000? |
One hundred million is it too much money?
I'd clear all debts of family members and have a luxury holiday, probably donate a fair amount to charities for children and medical charities.... |
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 I'm 19 in NIgeria.. Can anybody tell me how to make more money?? |
| Really cos I never seem to have enough money.. P.S. definitely not anything illegal.. Thanx..... |
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 The End Of Free Banking ? Whats Your View ?? |
http://uk.news.yahoo.com
If you follow the link and post your view.
Do you agree ? Disagree ??
I strongly ... |
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| Obsessed with saving money? |
I am obsesssed with saving money to the point that I try not to spend any at all in the UK.
I check the cost of everything and take so long making up my mind if I want something or not ... |
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 Please dont laugh at this question !!!! But do banks have a code of ethics/practice to adhere to? |
My query is that i researched the best isa and went into my branch to withdraw money to put it into another bank that was offereing a better isa rate.
The clerkess went to speak to someone and i ... |
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 What is the best way to do Online paid surveys free? How do you do them? |
How exactly do you do the surveys that pay you? Do you have to sign up for the product or whatever the surveys about or can you simply just take it.
Also is there other ways to make quick ... |
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 What is a good way to make quick cash like at least 10 bucks? |
cuz dude i wanna buy something..... and u can get different amounts of it the least i can spend is $10 so ya i want to kno how to make quick cake not cuttin grass either
Additional Details<... |
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 How do I ask family member to repay a loan?? |
| I lent my sister and her husband $3,000.00 back in october. They had fallen on tough times and have not repaid it yet. I overheard them talking about going on a family vacation in July that is ... |
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 Will I get in trouble ? |
| I signed up to a online company and I realized immediately it was a rip-off; I googled (I should have done that before signing up !) and I found a bunch of messages from people reporting the same rip-... |
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 How do I get rich fast before i turn 20????????? |
| Without doing anything .... I want everything now tell me how to get a lot of money without having to ... |
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Juan | Should I file for bankruptcy?? |
well im 21 years old, and ever since I started working at the age of 14, I have got into serious debt, for instance when i was 16yrs, I ran my cell phone bill to $500, and never paid them because i couldnt afford it, i was working part time while in school, so it went sky high. When I was 19 I finaced a car, and lost my job, and my car got reposed, on top of that I had a student loan that couldnt pay either, thats just a little of my problems, I am about $20,000 in debt, and collectors keep harrasing me. I was never taught how to manage my money, my parents never even care to teach me about saving, or buying stuff i can afford. Now that im older and understand how to manage my money, and want to fix my credit, I want to file for bankrutcy. I did all my research on Bankruptcy and everything, I just need someones else opinion!! Please help, what should I do?
Thank You |
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jackson
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$20,000 is a lot at your age to try to pay. Interest will keep building and no matter how hard you try it will barely make a dent. Years more of bad credit and never having a chance to start building credit or building assets to build as well. This could go on for years.
Go for bankruptcy. Once the dust settles you will be able to start again. In fact you will usually get a ton of credit offers as you can only do this so many times in so many years. Yes after that you will have to work your way up but it is better than paying it off for no result. |
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Nunya
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You are very young and to file bankruptcy at such a young age will only damage your credit even more. I filed bankruptcy years ago and it took a long time to regain positive credit. You will do nothing but have to pay very high interest rates when and if you get any future loans... so, you're really not coming out ahead. Have you thought about bill consolidation? Maybe get a second job? Their are other avenues to take besides filing for bankruptcy. I would perhaps go and talk to a financial institution to see what your options are. Good luck to you. |
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spicy_salsa69
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I wouldn't file bankruptcy unless there was no other choice, or if your debt was in the $50,000 to $100,000 range. You're still young. If you file bankruptcy it will look horrible on your credit report and it will stay there for no less than 7 years. Try reading that book "Financial Peace" by Dave Ramsey it can really help. They also have things like "Debt Solutions" that can review, possibly consolidate your debt, go over your income and budget and figure out how to pay off some of your bills. My father is a financial wizard and has taught me a lot. If you want you can e-mail me with other questions. I'd be happy to help. |
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Gillian G
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Filing bankruptcy is a serious step and you should investigate all the alternatives before you file. Bankruptcy does not mean you can walk away from your debts and it will take a long time before your credit is clear.
There's a website here with some suggestions about possible alternatives. I hope this helps.
Good luck! |
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From ABOVE
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play the lotto or get a low interest loan from a bank.
ask mom and dad for help |
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ReikiKev
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If you file, then you will be able to buy anything for seven years. Better to make a deal with the people you owe money to. |
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Vet Employment
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With the new laws on bankruptcy, it may be more difficult than you think. It's not for everyone; but, if you've learned from your mistakes, it could be an option. Most people just use it as a way to start fresh with new credit. But remember, it will stay on your credit for 7 years. Another thing... as soon as you file, you'll get all sorts of offers for things. Used to you couldn't buy a car or anything like that for the 7 years, because you were a credit risk. Now, they view it as... "you can't file for another 7 years, so they have you by the shorts!"
You should go to your bank, and ask to talk to a financial advisor. They'll have all the resources and knowledge about it.
Good luck! |
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jimh m
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Anybody, whether a company or an individual can go bankrupt. This happens when the bankrupt person or organization cannot clear their debts. There are multiple reasons why the company or the person can fall into this situation. Improper financial planning, spending on unnecessary items or loss of source of income can be some of the reasons for the bankruptcy.
If you go bankrupt, file your bankruptcy under Chapter 13. Chapter 13 permits an US resident to reorganize and restructure their finances. It allows you start afresh and get your finances back on the track. The bankruptcy court will supervise and authorize the entire process of overhauling your financial situation.
While filing for bankruptcy under Chapter 13, you have to draw up a plan of action meant to pay your dues within the next 3 to 5 years and submit to the bankruptcy court. You should clear your dues as much as possible at frequent intervals. Filing under Chapter 13 will protect you against the undue pressure exerted on you by your lenders to pay your debts. |
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Teia
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I would try to solve this problem without bankruptcy. Try to get a consolidated loan or ask family for help. Bankruptcy should be the very last resort as it damages your credit report badly for years to come. |
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spaacedogg
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I filed about 3 years ago and so far I'm very glad I did. I haven't needed credit for anything. I own my car outright, I don't need credit cards because I use my debit card instead. I just don't spend money unless I have it.
If you think you will be fine for the next 7 years without wanting to get a loan for a car or home, then I would go for it. It will take so much stress off of you and you can start clean. :o) |
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moonman
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First of all, stop spending money, at least on stuff other than food and rent and stuff. This should give you some cash. Then you get a free copy of your credit report from www.annualcreditreport.com. This will list all of the collections and open accounts that appear there and the number to call to resolve them. Tell them your situation (that you can't pay) and they should be wiling to settle. Bankruptcy looks bad for several years after you file for it, so it should only be used as a last resort. |
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monkey
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You can actually call credit agencies to work out payment with them and get out of debt...they would rather you pay small amounts every month in good faith than have you default altogether, attack the problem head on instead of causing yourself more problems...bankrupcy is getting more strict... |
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Kaily B
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What totally sucked was the fact that after college I had so much credit card debt that piled up and it was really affecting my credit score. I searched around and tried a few of those debt consolidation sites but found that nothing that I tried really worked. I found this kick *** site that helped me alleviate these problems and I want to share it with you.
I helped me out so much and I hope it helps you as well.
http://getoutofdebt.5gbfree.com/index.html |
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VENTURACHICK
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Filing for bankruptcy can seem like the immediate solution, but think about the long run. You're credit score will get even worse and you will need to wait a minimum of 5-7 years to make a significant purchase, such as a house. And any loans or credit cards you get will have obscenely high interest rates. Many times you can call the creditors and set up payment plans and resolve the debt for a lot less than you owe.
Good luck and really think about it |
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