Comments on: What Is The Real Cost of Debt?

By: Co-Signing Loans for Others: What the Bible Says | DivineGifts

Co-Signing Loans for Others: What the Bible Says | DivineGifts — Thu, 05 Apr 2012 16:02:55 +0000

[...] is implicitly agreeing to debt. Whereas the Bible never says “Debt = Sin”, it does portray debt as being a type of bondage. Wise Solomon, who disdained co-signing, also said, “The rich rules [...]

By: Co-Signing Loans for Other folks: What the Bible Claims

Co-Signing Loans for Other folks: What the Bible Claims — Thu, 05 Apr 2012 15:32:54 +0000

[...] Sin”, it does described debt as being a type of burden. Wise Solomon, who disdained [...]

By: Frugal Is Not the Same As Cheap

Frugal Is Not the Same As Cheap — Fri, 23 Mar 2012 10:47:55 +0000

[...] step. You can’t possibly know your situation until you look objectively at all your accounts, debts, credit lines, loans, taxes, mortgages, income and monthly payments. You may need the assistance of [...]

By: Four Lessons From Some Wealthy Beggars

Four Lessons From Some Wealthy Beggars — Tue, 21 Jun 2011 15:48:33 +0000

[...] you base your life on attaining the highest net worth possible, you are still very poor. Why? Because life is more than the size of your portfolio. Jesus said to buy gold which has been [...]

By: How To Improve Your Credit Score

How To Improve Your Credit Score — Sat, 02 Oct 2010 05:13:38 +0000

[...] Forget the Rest (but don’t close them out)If you are have a low credit score and are having debt problems, this will require a great deal of willpower to change your habits. Don’t spend anymore on [...]

By: 18 Tips for Getting Through College Debt Free

18 Tips for Getting Through College Debt Free — Wed, 08 Sep 2010 10:08:33 +0000

[...] collection of memories, and much more. The one thing you would not want is the burden of debt hanging over your head. However, many college students graduate with a pile of debt that will [...]

By: Why We Say “No” to Co-signing and Making Loans

Why We Say “No” to Co-signing and Making Loans — Fri, 13 Aug 2010 10:19:58 +0000

[...] personally don’t have any debt, so co-signing to enable someone else’s debt is hypocritical to our value system. We realize that [...]

By: The Best of the Best in Money and Personal Finance #11 (Super Bowl Edition)

The Best of the Best in Money and Personal Finance #11 (Super Bowl Edition) — Sun, 07 Feb 2010 19:08:23 +0000

[...] Plemon presents What Is The Real Cost of Debt? posted at Personal Finance By The Book saying, “Debt is costly in more ways than one may [...]

By: joeplemon

joeplemon — Thu, 04 Feb 2010 02:36:16 +0000

Pam,
Thanks for stopping by and commenting. Thanks also for sharing a great resource book, “Wired for Wealth” that has been helpful to you and hopefully helpful to others. I love books that challenge us to really think about what we believe about money.

By: Pam

Pam — Thu, 04 Feb 2010 01:54:10 +0000

I totally agree that bad debt has affects that go far beyond our finances. Thanks for pointing out the true cost of debt and just how negative it can be in our lives if we let our money control us instead of being in control of our money. I just read a great book called "Wired For Wealth" that was published last year that I think would be helpful for anyone who is struggling financially and needs help. I found the book really insightful in making me think hard about what I believe about money. Often people who go into deep debt have detrimental beliefs about money, and by reading this book I think they will find some guidance in how to change their money mindset. .-= Pam´s last blog ..Save Money On Your Taxes– Use A Spousal RRSP =-.