1. An article from Harvard Business Review emphasizes the importance of recognizing the emotional aspect of money and how it can affect one’s relationship with it. The author suggests being aware of one’s feelings about money and taking steps to improve that relationship. [1]
2. Idioms.thefreedictionary.com explains that “keeping on the right side of someone” means remaining in their favor. In the context of getting on the right side of money, this could mean maintaining a good credit score or building a positive relationship with financial institutions. [2]
3. A YouTube video from workingwithbrian.com emphasizes the importance of assessing one’s debt to start getting on the right side of money. The video offers advice on how to prioritize and pay off debt. [3]
4. An article from Entrepreneur.com offers 44 different ideas for making extra money on the side, including selling items on eBay or Craigslist. Making extra money can be a key step in getting on the right side of money. [4]
5. A podcast episode titled “Getting on the Right Side of Money” discusses personal experiences with poor money practices and offers tips for improving one’s financial situation. [5]
6. A YouTube video titled “The Right Side of Money” offers advice on following a process to achieve financial goals and improve one’s relationship with money. [6]
7. Oberlo.com provides a list of 10 great side hustles to make extra money. Side hustles can be a useful tool in getting on the right side of money. [7]
8. Mrrightsideofmoney.com offers tips and advice on getting on the right side of money, including managing debt and building wealth. [8]
9. Wordplays.com provides a crossword clue for “side that’s right in the money.” While not directly related to personal finance, it could be a fun way to engage with the concept of being on the right side of money. [9]
10. An article from dollarsanity.com offers additional ideas for making extra money on the side, such as becoming an entrepreneur with Amazon FBA or providing food and groceries to people in need. [10]

Overall, getting on the right side of money requires taking control of one’s finances, managing debt, and making smart financial decisions. These resources offer tips and advice for achieving financial goals and improving one’s relationship with money.

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Credit is said to be a system of buying and selling without immediate payment or security. Credit may be in the form of credit cards or loans.

Any individual who desires to process a credit card or loan application will have to abide by the rules and regulations set forth by the lender. An important factor for any credit application to be approved is your credit score.

A credit score is the determinant factor of lending institutions whether or not you will be granted credit. Your existing credit status as well as your past credit standing makes up for a credit score.

Every nation has a standard credit score to follow to determine the country’s financial condition. The United States has a national average credit score somewhere from 580 to 650. You will most likely be granted with credit requests if you have a high credit score.

Since the credit score is highly significant for you to obtain credits as well as balance the national average credit score, there are things you must do.

Seek help from experts.

Do not be overwhelmed by low interests or other attractive credit offers by lending institutions. It is best to consult an expert before you close an agreement with a positive notion.

Financial consultants will help you properly handle your finances. He is responsible in showing you the status of your finances. He may also be your source of assistance on matters about getting credits. He will most likely advise you on the pros and cons of getting credits and the many requirements lending institutions need before they come up with a decision.

Do not let your due date slip.

When you pay your bills on time or before its due date, you are establishing good credit standing. Another advantage when you are paying ahead of time is that you are also making your balances low.

Late payments of bill will not only give lending institutions bad impressions of you but it can also be unfavorable to maintaining a high credit score. To avoid late payments, it is best to keep track of due dates. Prompt yourself that it is “pay time,” a week before your credit’s due date.

Keep your interest low.

Credit interests establish how good or bad your credit score is as well as the national average credit score. With low credit interests you are likely to maintain good credit standing.

It is recommended that you take on a survey among lending institutions on the credit interest they give. Upon doing your survey, choose which ones can give you low interest yet will still offer you good-quality of service.

Consolidate.

To undergo consolidation is usually common to individuals who experience trouble paying off unpaid debts to their lenders. Consolidation is recommended for such people to unburden them of too much paying pressure.

Evaluate and re-evaluate.

Be your own accountant. Do not let financial problems pile up, instead of waiting for credit reports to be mailed at the foot of your door, make your own. By doing so, you are updated concerning your credit reports.

Self-evaluation of your credit report will help you gauge how much credit scores you still have. Nowadays if you wish to have free consultations regarding your credit reports, you can always go online and find one.

Keeping yourself on the right credit score track will not only help you maintain a good credit standing, it will also help your nation maintain a good average credit score. Having so will stabilize the economy.

The post Average Credit National Score first appeared on Mr. Right side of money.

How can a credit card debt elimination program help you?

Well, when you are in a credit card debt elimination program, you will have a much clearer view of your objective and how to reach it. The problem that most people face with debt elimination is the fact that they do not know where or how to begin. A credit card debt elimination program can help you focus your efforts and make sure that you reach your goal of total debt elimination as quickly and as easily as possible.

There are different types of credit card debt elimination programs. Some of these are:

1) Self- help – This type of credit card debt elimination program makes use of your own resources to get rid of your debts. This type of credit card debt elimination program often consists of a special schedule of payment which, when followed, will let you pay your debts off in the fastest time.

A person is actually capable of making this type of credit card debt elimination program on his or her own. However, some people just do not have the time or the expertise to put a credit card debt elimination program like this together. They often consult professionals in order to help them with this.

One advantage with this type of credit card debt elimination program is the fact that it costs the least to put together. As said before, most people can do this alone. This means that consultancy fees of experts may be minimal. However, the disadvantage of this type of credit card debt elimination program is that it takes a longer time and a lot of discipline to follow it through.

2) Negotiation – A common credit card debt elimination program used by people is to negotiate with their creditors to forma a payment plan which can be easier on them. Often, a person will sit down together with an advisor and his or her creditors to analyze the debts of the person and try to consolidate them into a single debt which would be much easier to pay on the part of the client.

The advantage to this type of credit card debt elimination program is the fact that a person will find it easier to pay off his or her debts. This means that the debts will be paid much faster. Sometimes, the negotiation makes way for a lower interest rate and service charge. This means that a person will also have a lower debt to pay.

However, the disadvantage to this credit card debt elimination program is the fact that it requires an expert to set it up. A professional needs to exert all effort make use of different connections and different skills just to get the creditors to agree to a compromise. This means that the consultation fee will be high and this may just add to one’s list of debts.

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However, to the uninformed, you need to know that there are many ways to achieve debt elimination without declaring bankruptcy. You only need these:

1) Help – If you are unsure of how to accomplish debt elimination without declaring bankruptcy, you might want to get some help. Thankfully enough, there are a lot of debt elimination services that you can contact to help you with your goal. Remember that looking for help is not a sign of weakness. When you realize the fact that your problem is bigger than you can handle, help is readily available to you.

Today, people who need help are able to contact debt elimination companies through different methods. You can use the technology of the internet to get help wherever and whenever you need it.

2) A plan – Filing for bankruptcy is a last resort. This is because it does not take a lot of thinking to say that you are out of money. That being said, you need to think out your actions if you wish to accomplish debt elimination without declaring bankruptcy.

When you come to an expert with your debt problem, you can be sure that the first step that he or she is going to take to fix your debts is to make a plan. By making a solid plan for debt elimination, you should be able to make rational decisions as to how to accomplish your goal. A financial crisis can be a pretty harrowing experience. People who experience problems with debts will tell you that it is quite hard to think clearly about the steps you need to take.

A plan will help you gain a clear perspective of your problem. At the very least, a plan will help you react automatically if you encounter different obstacles on the road to debt elimination.

3) Commitment – Although no one can truly blame a person for declaring bankruptcy, such action is usually taken as a sign of defeat. As said before, it does not really take much effort to give up. In order to accomplish debt elimination without declaring bankruptcy, you need to be totally committed to your goal.

Commitment means doing whatever you can to accomplish your goal. It means that no matter how frustrating things seem, you will stick to your plan. Debt elimination without declaring bankruptcy is no easy task, but it shows your character.

What does a person need to be committed to a plan? Well, if you want to be committed to your goal of debt elimination without declaring bankruptcy, you should have trust. You need to trust that the plan will help you accomplish your goal. Often, people who do not see immediate results will give up. You should not do this. When you make a plan to accomplish debt elimination without declaring bankruptcy, you already have an idea of what you are going to face.

Knowing this, you should trust your plan and stick to it. As said before, debt elimination without declaring bankruptcy is possible. However, you should realize that it is not only possible, it is desirable.

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There are several websites, books and journals that may post what they term as debt elimination helps but in truth they are plainly debt elimination scams.

So how can you identify the debt elimination scams from the legal options? The real score in here is that when you’ve got several sources, you end up confused and torn between the truth and the scam.

The very first step to look into the difference of the debt elimination scam and the legitimate one is actually very simple. The bogus line like banks can uphold “no money lent” is a form of a debt elimination scam.

The scammers will claim that the credit card agencies are operating with their daily procedures in an illegal way so that every time you use your credit card, you are not actually borrowing any money from the company. This is of course very far from the truth.

They will also likely say that there is nothing that you have to pay back and that you do not owe anything from them.

They will also stress out that you will just have to follow their advice in eliminating your debt because the banks will not wish that such matter be disclosed to the entire public.

The promoters of the debt elimination scams will make matters of debt elimination strategies seem to be useless. They will always feed on your being weak because of the pressure heaped by your ordeals with regards to your debts. So the real thing is if ever you are in debt, you may be daydreaming about the most possible way of ridding yourself of your existing debts.

There are always these companies that tend to assure you that they will legally terminate your debt accounts. These promises are better said than done of course. Most of the ads posted to websites will appear to fight for the elimination of your debts for a fee of course but the truth to the matter is that they will charge the fee to your credit card account and they will likewise contest the legitimacy of that debt also.

Do not be taken by the dare of checking out the thing because you are actually putting yourself up the lure. Most of the companies that lead this debt elimination scam would cite some pertinent legitimate bases to prove their claims right and then let you believe in them.

These debt elimination scammers usually tempt you to force your credit card agency to let you be discharged of your debts since you are led to believe that you are enjoying your own money and you have nothing to pay back for. When you do such thing, there is only one sure output for you—that is, to end up in the court of law!

It is a big NO-NO to respond to any of these debt elimination scams. If you do respond to any of those sent to you, you are opening the channels of your own downfall. Do not be fooled by these scammers. There are plenty of professionals who can assist you in debt elimination so do not settle for the scams. You can report these debt elimination scam cases to the authorities so that proper action will be imposed.

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It is easy to claim that debt elimination is the sole way to lessen your problem. But then how will you take it? It will not be that easy in the very first place. When you have compounded credit card debts, debt elimination is the only logical thing to turn to. First things first. Know the situation that is pressing on you. Also understand which debt you will eliminate. Retain the very necessary ones. Think of possible ways to eliminate them legally. There are a lot of strategies for debt elimination which you can opt for. Included are debt consolidation, debt management, debt settlement, debt negotiation, debt counseling, and a lot others.

The most popular and legal debt elimination technique is by procuring debt consolidation loans. The payment for very overdue loans will obviously require you to pay for a large interest fee. The debt consolidation is a means of debt consolidation which liberally lessens your debt particularly the interest rates because instead of having to deal with several loans, they will all be rolled into one single loan. The payment is thus to be made for one loan.

Debt management is a very effective legal debt elimination procedure. Through debt management, a financial circumstance is devised. A professional trainee consultant will handle things for you so there is no need for you to be anxious. He or she will know what to do. This kind of plan ensures that you will not miss out on any financial obligation such as the utility bills, car finance, mortgage, rental fees, and so on.

On the other hand, a debt counseling will provide you the ample insights about proper financial planning. This will include effective ways of going along with the set budget for your needs. Most of the debt counseling services will negotiate with your creditors with regards to eliminating some late fees, reducing the interest rates for the loans, and extending the term being for a loan you have in progress.

Debt negotiation is said to be the fastest legal way of debt elimination. This likely rids you of the personal loans and most credit card debts while being far from getting bankrupt. But then you must have the debt negotiation handled by a very professional person because this may be really tricky.

You should not make your debts a permanent part of your life. Try as much to eliminate them in the most legal way possible. You can be free from these obligations if you only know what to do and where to start.

The post Debt Elimination Legality – Good Ways To Start first appeared on Mr. Right side of money.

Why is debt elimination so important?

1) Debt limits your finances – People who are in debt spend most of their earned money paying those debts.

Here’s a typical scenario. When people who are in debt get paid, they often spend the cash they earned to pay off their debts. This leaves them with a limited amount of money. So what do they do to meet their present needs? They use credit cards, loans and debt instruments. This means that even though they are able to pay off an older debt, they end up with new ones.

This cycle goes on and on. Sometimes, the debt grows larger, because of the increasingly high prices of commodities. People who have great jobs and earn large salaries do not get to see the result of their hard work. Debt elimination can help you end this cycle. Debt elimination can make sure that you will enjoy the full benefit of your hard-earned money.

Even if you try not to acquire new debts, there’s always the matter of interest. Some people say that, “the principal hurts a lot, but it’s the interest that will kill you.” Whenever you borrow money from an institution, you pay interest for the convenience. Over time, the interest increases. There are cases of people who found that the interest could actually grow large than the principal debt.

What increases interest? The answer to that is time. As long as you aren’t able to pay off the principal debt, the interest will keep on increasing. With debt elimination, you will be able to stop this monstrous growth before it overwhelms you. You do not want to spend the rest of your life working to pay off a convenience.

2) Debt limits your abilities – Whenever you are in debt, you find that you aren’t really at the top of your game. People work to earn cash. They work to have the little conveniences that make a life worth living. This empowers them.

They are motivated to work because they know that there will always be a reward at the end of the fight. However, if you are in debt, you will only be working to pay off your liabilities. This means that the rewards of your work won’t go to you, but to the financial institution that you borrowed from.

This thinking limits your ability to work. When you work only to payoff your debts, you will find that you will be less motivated. Since you know that you won’t be enjoying the compensation for your work, you won’t be able to see the need to work hard. This would cause your work to deteriorate and could even lead to you losing your job.

Debt elimination can help you get back on track. Debt elimination can restore your work motivation by letting you know that al your hard work is not in vain. Debt elimination can help you set goals that you will appreciate. Debt elimination will change your life.

The post Debt Elimination And You first appeared on Mr. Right side of money.

The strategy is to get something for the collateral. Usually, the collateral comes in the forms of properties like the house, vehicle, or any other physical property. The collateral comes then as a requirement of the lending firms to ensure that in case you fail to pay back the loan, they have something to fall back on-and that is through your property that you put up as the collateral. In this manner also, putting up a property for the collateral means getting lower interest rates. The exact amount of the loan can thus be given some favorable discounts by several consolidation firms.

In order to save, you can therefore shop around for the best deals when it comes to the lowest occurrence of interest rates. You can likewise bit around the bush shopping for prospect consolidators. Playing for a lesser interest rate in debts by means of debt consolidation can also appear to be risky so it is only proper to handle the issue with an utmost care. It is always wise for you to weigh things and consider all of the possible and available options that come your way. More so, some debt consolidation firms may charge really skyrocketing fees. But you can avoid this if you are only wise enough in finding effective methods of debt elimination options.

Among the other options that you can claim aside from getting a fresh loan are credit counseling, bankruptcy, and debt negotiation. The real deal with debt consolidation as one sure way of debt elimination option means rolling all the smaller debts into one big debt. Whichever it is that you deem the best to suit you can be chosen. Let us look into their features.

By getting a debt consolidation loan, your cash is saved because you are now to pay only one debt on a monthly basis. It therefore means only a few interest rates to deal with. You may likewise opt to choose the terms of the interest rates. Next is credit counseling. In here, a third party exists who helps out in consolidating the existing debts. Instead of having a greater loan amount, there only now exists a bigger repayment scheme and the money will now go to the credit counselor because he will already take charge of the distribution of such to the concerned debtors.

Another option is the filing of bankruptcy. There will be no further questions when bankruptcy is the case. Then lastly is the debt negotiation. In here there is a third party who now settles or negotiates with the creditors and therefore guarantees them that a portion of an amount that is to be settled by the debtor will now be handled by him.

Incurring debts may come as a very common thing but then you must be ready to face the consequences such as thinking of an effective debt elimination option when things come to the worst.

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A debt elimination strategy will also help you cope with the sacrifices that you have to make in order to rid yourself of debts. People who try to eliminate their debts without a strategy often make sacrifices that have little or no impact at all on their goal. This discourages them and causes them to start incurring more debt.

Having a debt elimination strategy will help you make only the sacrifices that matter. A debt elimination strategy will help you make sure that no unnecessary effort is exerted. This means that a debt elimination strategy will make you more efficient.

A good debt elimination strategy should be suited to your needs. A good debt elimination strategy should always be based on your current situation. This means that you need to make your own debt elimination strategy. However, a good debt elimination strategy always begins with these three steps:

1) Stop borrowing – You need to put a limit on your debt if you ever want to eliminate it. People often think of using credit cards as “buying”. When you realize that credit cards aren’t used to buy but to borrow, then this step should be easier for you. You need to throw out your credit cards, ignore any credit offers from companies, and just quit adding to your debt.

Whatever you do, do not go for a last minute shopping spree just to say goodbye to your credit card. If you want a debt elimination strategy to work, you need to implement it now. You need to just put down those credit cards and walk away. Do not kid yourself by saying, “but I can do that anytime I want to”. The fact is, the attitude of “shop-now-worry-later” brought about by credit cards can be addicting. If you do not put those away now, you might never be able to.

2) Pay more than the minimum balance on your debt – Credit companies often require people to pay just a percentage of their debts monthly. If you are thinking that this was intended for your convenience, you would be very wrong. Credit companies get their income from interest. The longer you are indebted to a company, the bigger the interest is going to be. Companies that offer a low minimum balance are just making sure that you will be paying interest for a long time.

If you set aside some of your cash to pay more than the minimum balance on your debt, you will ensure that your debt does not increase anymore because of interest.

3) Save what you can – The third part of this debt elimination strategy involves trying to cut back on your expenses. Even if you stopped using credit cards, there are still certain expenses which waste your money. Cutting back on these expenses and adding them to your credit payments will speed up your journey to total debt elimination.

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