Let me share a story with you:

My friend chose to sacrifice himself and stay behind for work reasons when his family immigrated to the States a few years ago. It was a difficult decision I’m sure, but one that was necessary (I’m told) due to financial constrains.

His son was 14 at the time but he was always upset. I remember one evening while we were over for dinner, he asked his mom out loud “Why can’t we be rich?”

That was then.

In a few short years, my friend’s son completely changed. He is now 17 and working part time at a local cafe. He told me that he realized how foolish it was to be upset. How blaming everyone else who was trying to keep the family close together did nothing to help the situation.

Instead of wasting his time being mad, he started thinking of ways he could change his situation. He started helping out around the house so his mom had more free time to find a part time job. When he was old enough, he started working part time as well.

The extra income helped his dad (my friend) come up with the courage to move here and look for a job. At long last, the family was together.

brighten your pathThe Way We Look at the Problem IS the Problem

I saw the matured youngster at the café the other day and while speaking to him, he reminded me what everyone should know:

Every problem has a solution, but if we don’t create a solution, we become another problem.

I couldn’t believe that it was coming from a 17 year old, but what he said was absolutely true – even if we don’t create the problem, we can become a part of it.

The Bulb That Should Light Up

There is no doubt the economy is deteriorating right now. There is no question that people are losing jobs and it almost seemed like an understatement when I say that our investments lost significant value.

You might be upset but blaming everyone is easy and unproductive. Instead, ask yourself what you are doing about the situation:

  • How are you trying to secure your own job and helping the company you work for so further layoffs aren’t necessary?
  • What steps are you taking to make sure that even in this downturn, you are well on your way to financial prosperity?
  • What lessons are you teaching your kids about the financial crisis?

The Glow from Within

If you want to be heard, learn to listen. If you want to be helped, assist others. If you want to prosper, take action.

It really starts with you. Even in a dark tunnel, you can brighten it up by glowing from within.


I love it whenever I hear someone talk about David Bach’s now famous term “the latte factor.”

For those that don’t know, the term refers to the idea that many people continually spend on small purchases (like a latte) that add up to a ridiculously large amount over their lifetime.

There are two reasons about it that intrigue me—(1) it’s totally true and (2) it’s totally misleading.

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extra items
When it comes to hidden charges, you might be surprised at what you are paying for. In a number of cases, it probably doesn’t even occur to you that you are paying for something you rarely—or never—use. Here are 4 things that you might be paying for, even though you don’t use them:

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mortgage

So you’re up to your neck in a massive pile of debt. There are many circumstances that could have led you here, but responsible financial planning is the one that will get you out. Most debt situations can be corrected with careful planning and intense effort over a period of one to three years.

You’ll need to include everyone in your household and be honest about the need for focused debt reduction efforts. You can do it if you follow these steps to achieve pay off all outstanding debt without filing for bankruptcy protection:

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student loan transferred

A few months ago, I logged onto the website for my student loan in order to check on my balance—when I found that I did not have one. Suddenly, the $12,000+ I owed had gone down to $0.

I’m suspicious by nature, so rather than celebrating that some secret patron had paid off the rest of my education, I started wondering how this obvious mistake could possibly mess up my financial plans. I put in a call to my federal loan-servicing center, and I was told that my loan had been transferred to MOHELA, a Missouri-based loan agency. The transfer went through a full two weeks before I was informed by mail that it would happen.

My experience with MOHELA thus far has not been exactly positive. But putting my personal concerns about my new loan administrator aside, I wondered how the U.S. Government could legally transfer my federal student loan. Here is what I found out:
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what to buy at warehouse

Early in our relationship, my husband and I used to go shopping together at our local Sam’s Club. (Clearly, we knew how to get the romance going.)

I was new to warehouse club shopping and made the mistake of thinking that anything for sale within the huge store must be cheaper than at other stores.

After a couple of bad missteps — such as not finishing the ginormous container of strawberries before they went bad, and discovering that each razor replacement in the 12-pack I bought were the same cost as their 4-pack brethren at Target—I learned to be more careful about my warehouse club purchases. I’d check unit prices, keep better track of how much I spent at the regular grocery store, and go to Sam’s with a specific list of what I needed.

It’s also important to remember that some purchases will (almost) never be worthwhile at the warehouse club. Here are six examples of what not to buy at your warehouse club: [ continue reading… ]