Three Signs America is Becoming a Third World Country

Sunday, January 31st, 2010

New, compelling evidence that the United States of America is approaching the status of a third world nation has emerged in the last few years. It may seem ludicrous that one of the countries on the forefront of technology has citizens in a state of squalor but surveys and reports paint an alarming picture of the United States as falling so far down the economic scale of the world that the country will lose its status as a world power.

Thriving on Less – A Guide to Getting Out of Debt

Thursday, January 8th, 2009

Debt is the worst poverty.” – Thomas Fuller

It was only a few years ago when I was overloaded with debt – so much so that I couldn’t make all my payments and I had numerous debts sent to several collection agencies. I had creditors calling me for late payments, and I was juggling them, constantly stressed about how I was going to make my car payment and make rent. It’s hard to imagine those days now – the unbearable burden of that debt – because as of this year, I am debt free!

It’s an amazingly liberating feeling to be free of debt. Your money is your own, and you have breathing room in your budget for saving, investing, and buying what you need.

Thriving on Less – Changing Your Spending Habits

Friday, January 2nd, 2009

“We are what we repeatedly do. Excellence then, is not an act, but a habit.” – Aristotle

While you can cut costs here and there, the real, lasting changes won’t come until you change your habits. If you currently give in to impulse purchases on a regular basis, for example, you’ll still spend a lot of money despite making numerous cuts in other areas.

An important long-term strategy is to create new, sound financial habits, one at a time. See The Power of Less for more on creating new habits. Use the effective habit-change techniques in the book to change one habit at a time. Here are some important habits to form: