I don’t normally write about debt reduction as its not a topic that I have personal experience with (technically, I have a positive net worth) however, prompted by NCN I thought I’d share something I have learnt about reducing debt.
Reducing debt is all in the mind.
One of my siblings left college a few years ago. [...]
I was reading a post on the tao of making money about poverty in the US. Apparently, lots of people in American who are under the poverty line for their household size have cars, air conditioning, tvs, and microwaves. I’m sure its always been the same - you could argue that you aren’t that poor [...]
Its common knowledge that personal finance isn’t really about the finance, its about the personal. People don’t really mismanage money, they mismanage themselves - they could have issues to deal with (mine is security), they could have unhelpful personality traits (mine is laziness) it doesn’t really matter. What matters is doing something about it - [...]