If you want some relief, to sleep better at night, to not live pay check to pay check, listen to what I have to say and you will sleep better at night.
I will attempt to make this strategy as universal as possible. There will be some assumptions and I will generalize taking into consideration national averages, and "norms" of most citizens of this country in general. I speak of only things that I know to work from personal experience, and have been at the bottom of the system, with a recorded "credit rating' of less then 525, and with a score that low, you can't borrow a plug nickle. By the way this was during the late 90's and early 2000's, when the economy was humming along fine. Now it's around 740.
1st--- , if you are a single mother, and you are not getting any money from your babies father, get a lawyer and take him to court for child support. There is no reason for fathers to not be paying their responsibility, it isn't mine child, or Steve's, or Paul's, or Marques es, so make the father pay.
2nd ---, if you have school loans outstanding, I suggest you call the debt collector agency that has bought the debt from the school, and ask them if (eg. you owe $4000, and your next tax return averages $1800, $2500) call and, without discussing your potential future tax amount, ask them if you make a lump sum payment for $2500, $3000 will they except the pay off. If they agree send them a money order or certified check but make sure they will send you a letter stating, this agreement pays off in full your balance. THIS IS VERY IMPORTANT!!! make sure they agree to this and send you a letter stating so.
This will be a process it will take you years to fix your credit and pay off all your debt. I have only my home that I owe money to, you can make this work you need patience and the desire. One other thing that needs to be established is a little emergency fund of about $750 to $1000. You are going to need stop using any and all credit cards. If you have a lease car, go talk to the dealer and find out how much it will cost to get out of your lease early. If you can't due to high fees let it end and, NEVER EVER, EVER, NEVER !! lease another car again.
These 3 or 4 things are a necessity to help stop the bleeding of further debt, and gives you some idea of the self control it's going to take to go the distance in paying off all the big debt. We will talk some more next week about some of the inner workings of setting up a pay down schedule.
Good luck with your march to freedom.
Saturday, November 5, 2011
If you've never had nothing, You'll never have nothing.
Is there a correlation between personal property rights throughout history, and the level and contagion of poverty today? If you have never had nothing, can you learn to ever have anything? When a society or group of people have been denied a culture, and then are afforded those rights, is the culture shock to much to overcome? These are just a few questions I pose to you in this article - to better understand and try to come to terms with, why such the disparage in social success.
It has occured to me that by introducing a new set of boundaries and social parameters abruptly, hundreds of years of social and cultural oppression couldn't be turned like a light switch. Caste systems are in every level of society in every culture, we can identify them even in modern history as well as present history. These systems have led to many generations being denied the learning experience of personal property rights. Not being able to vote, to attend school, to collect and save income, to have purchasing power that would require an individual to enter into a contract. All of these things teach personal responsibility to the social contract, by not having an opportunity to make and pass on these civil characteristics through the generations leads to a deficiency in the ability to comprehend the necessity immediately. Furthermore when a large populations of society are concentrated in one local, these types of issues with not being able to abide, conform to the prevalent cultural ways, shows up as mass poverty.
My example is going to be almost every major inner city in this country. The reason I believe this to be is based on the obvious. Like minded people flock together, whether it be social acceptance, or economic persuasion, there is a migratory pattern to their settlements. Detroit, Cleveland, Oakland, Houston, Los Angeles, Jacksonville, Miami, New Orleans, Raleigh, the list goes on and on and on. There is a level of poverty in all of these places that has the same symptoms.
1- there is very low home ownerships rates, even before 2008, now fewer.
2 - There are high levels of unemployment, these levels are higher now the before 2008,
3 - there are high levels of drop outs, Detroit alone has only a graduation rate of around 25 -30 %. the people are uneducated.
4 - There is virtually no reinvesting in self, financially, meaning no IRA accounts, savings accounts, or stock purchase accounts, which denies the "furthering the flock" mentality.
Simply being behind in these four ares will almost certainly guarantee a persons' failure in America, in other nations... it will.
We as a society tend to look at those that can't support or provide for themselves as the weak link in the group. In smaller social settings the community will attempt to carry the load and give assistance, it is found in rural small town atmospheres, where programs aren't mandated as often by governments, it's private entities stepping up and filling the role. Maybe the burden is so slight this is acceptable to the group as a whole. However when you look at big cities like the ones I mentioned earlier, the size of the city reflects the size of the need. Those cities have such a large group of people that are not contributing that the group of succeeders separates itself and isolates the weak and refuses to carry the load, thereby causing government to take forcefully, (through taxes) and give to the poor.
My conclusion is that, if you have never had anything, it is hard to every have something. If you are not being taught how to aquire, you can't have. If you don't understand the meaning of self preservasion, you can't help your offspring. These subtle survival skills come with personal property right, being denied one, denies both.
It has occured to me that by introducing a new set of boundaries and social parameters abruptly, hundreds of years of social and cultural oppression couldn't be turned like a light switch. Caste systems are in every level of society in every culture, we can identify them even in modern history as well as present history. These systems have led to many generations being denied the learning experience of personal property rights. Not being able to vote, to attend school, to collect and save income, to have purchasing power that would require an individual to enter into a contract. All of these things teach personal responsibility to the social contract, by not having an opportunity to make and pass on these civil characteristics through the generations leads to a deficiency in the ability to comprehend the necessity immediately. Furthermore when a large populations of society are concentrated in one local, these types of issues with not being able to abide, conform to the prevalent cultural ways, shows up as mass poverty.
My example is going to be almost every major inner city in this country. The reason I believe this to be is based on the obvious. Like minded people flock together, whether it be social acceptance, or economic persuasion, there is a migratory pattern to their settlements. Detroit, Cleveland, Oakland, Houston, Los Angeles, Jacksonville, Miami, New Orleans, Raleigh, the list goes on and on and on. There is a level of poverty in all of these places that has the same symptoms.
1- there is very low home ownerships rates, even before 2008, now fewer.
2 - There are high levels of unemployment, these levels are higher now the before 2008,
3 - there are high levels of drop outs, Detroit alone has only a graduation rate of around 25 -30 %. the people are uneducated.
4 - There is virtually no reinvesting in self, financially, meaning no IRA accounts, savings accounts, or stock purchase accounts, which denies the "furthering the flock" mentality.
Simply being behind in these four ares will almost certainly guarantee a persons' failure in America, in other nations... it will.
We as a society tend to look at those that can't support or provide for themselves as the weak link in the group. In smaller social settings the community will attempt to carry the load and give assistance, it is found in rural small town atmospheres, where programs aren't mandated as often by governments, it's private entities stepping up and filling the role. Maybe the burden is so slight this is acceptable to the group as a whole. However when you look at big cities like the ones I mentioned earlier, the size of the city reflects the size of the need. Those cities have such a large group of people that are not contributing that the group of succeeders separates itself and isolates the weak and refuses to carry the load, thereby causing government to take forcefully, (through taxes) and give to the poor.
My conclusion is that, if you have never had anything, it is hard to every have something. If you are not being taught how to aquire, you can't have. If you don't understand the meaning of self preservasion, you can't help your offspring. These subtle survival skills come with personal property right, being denied one, denies both.
Subscribe to:
Posts (Atom)