Real Life Financial Advice

Please understand that this page is an evolving work in progress. Unfortunately, we also have to spend time making money to pay our creditors. Therefore, this page is worked on as our spare time allows. But it is our belief that as we add to this page, it will provide to all interested persons straight forward, Real Person, Real World Financial advice.

At the same time, you are fore-warned that this advice will be tempered with our personal and professional experiences, morality, and beliefs. Our tone will not be condescending, but depending on the depth of your debt the solution may require real sacrifices on your part. But if you heed our advice, in a few years your credit record will reflect your intentions to pay your bills in a timely manner.

Before we continue any farther, Please read this standard disclaimer: "We are not attorneys nor Financial Advice Experts; Consult your own attorney and/or experts before acting on any of the information contained herein." All that having been said...

Temporary financial problems do not make you a bad person. They happen to the vast majority of us at some point in time in our lives. The problem is knowing what to do to get back on your feet as quickly as possible with as little damage to your credit rating as possible. Unfortunately, our society does not rank "credit" education as having the same priority as the 3 R's.

Your good credit is the single most valuable asset you will have your entire life. It is the key to not just purchasing material goods but also to securing financing for investments and business ventures. Once you lose your good credit your access to opportunities is greatly diminished. And then there is that little matter of paying interest rates 2 to 3 times higher than people with good credit.

Unfortunately, that's all the time we have for this edition of FNR's "Real Life Financial Advice" web page. Please check back in a few weeks when we will have "Real Life Lesson Number 2" and address:

Until then, start cutting up those credit cards :)!