Author: thaadmin

Again I found myself yearning for information

I have been deleting e-mail from “get rich schemes” for as long as I have been connected–about 2 years. I remember a sales pitch I got from a former boyfriend’s friend about ALTC, Inc. about 10 years ago. Well at the time I was looking for work, so he really laid it on thick–well from what I have just experienced recently, this seems to be they way they work with everyone. I was completely repulsed by this guy and his sales tactics. He wouldn’t answer my business related questions with a straight answer and everything was very cryptic, from how you actually make money to company policies. Needless to say I told him “no thanks”. Well recently, out of my compulsive curiosity, I answered an email from Excel communications–At this time I did know it was an TLC (actually I didn’t know much about TLC’s, aside from my one run in with the ALTC, Inc. guy) anyway, this guy began telling me about this great opportunity to run a home business, ok no prob. So he directed me to the web site, with a secret password to get in–Oooooh I guess I was supposed to feel special!!! I go through their slick slide show, read all their catch phrases–“Do you want more time with your  family”, “Do you want to be your own boss”—on and on–really gooey!!
When it is finished, it asked me if I find all this exciting, to  contact the rep that let me in on this wonderful opportunity. Well-you all know the spiel. Anyway, I am looking all over the screen for actual information on this company, what it was I would be doing, what it was they did–You know, hard facts—real business facts. So began my information journey into the very strange world of TLC’s. Which brought me to your  club (which was a very informative reference for me and helped me make an informative decision) Needless to say I to him “no thanks”. AS with Scientology, I came to the conclusion that these so call “business opportunities” are cult like. Plain and simple. Right? The best place to get $3,000-dollar loan is They really to adhere to the definition of one. But as with Scientology more could be done to stop others from being trapped. I see the internet as being an extremely useful tool in getting the word out. So cheers to this club, cheers to those you have already helped steer clear, and cheers to all of you that have endured so that you could grant the world a great service and speak the truth from experiences.

Mark, you have my utmost respect. I have spent the last couple of days reading through the posts and I just have to comment about a former member accusing you of using this club as an excuse to sell your book, that you were just doing the same thing that the tlc’s were doing. What the @#$@$$! Through out the life of this club you have given advice, freely, by the way, you have consoled, you have counseled, and you have allowed others a forum to speak the truth. I see no connection to the money grubbing, lying, and cheating TLC’s. Obviously I am not the only one, so Cheers to you Mark!!!! And why shouldn’t you have written a  book about your experiences? And why shouldn’t you sell them, last time  I looked, legitimate business is the American way. Absolutely nothing wrong with making money, in fact it is unavoidable if you want any kind of life. But making money off people by lying , cheating, or by any sleazy methods in any industry is wrong. So cheers again to Mark!!!!!

Sorry such a long post, but these last few days of research really put  a fire in my belly, so to speak.

If any one is interested in looking at info on Scientology, I can recommend some links with reliable info.
like I said, some of the similarities are very eerie.

Thank you again!!!!!

Categories: loan money scientology

I am not a pro-LTRer

but I can think of one product I have used for years at retail that is sold via LTR. It is a synthetic oil called Amsoil that performs well enough that it actually costs less to use their system of oils and filters than competing products.

An acid test of an LTR is whether the retail value of the product beats “mainstream” products sold at Wal-Mart and other stores. If it does, then it’s worth a second look. If not, then run for your life and hold onto your wallet.

A common argument supporting direct sales rather than “mainstream” storefront sales is that new or unusual products often require that one-on-one “education” of the end consumer. Although this approach is clearly open to abuse, I think it has some merit.

Categories: balance credit

Honestly, I am not sure whether they compound daily or not

but about a year ago, I wanted to send in weekly payments so I did. At the end of the month, I did not get credit for those weekly payments counting towards my amount due. So, I called and asked and was told that it doesn’t work that way. I can’t send in a little at at time – I have to send in the whole amount at once and it won’t make a difference in terms of how much goes towards interest and principal. I’m not sure that I completely understand why, but I do know that the Wells Fargo mortgage does it differently.

Categories: payments

I’m afraid I lost Jen’s email when my 7 year old laptop died just before Christmas

but she was working for a couple of call centers from home for a bit. She would be the person to answer this, and I know she’ll be very candid. Jen, are you out there???? lol If someone has her email, they might want to forward this to her. She’s got a super busy job in the medical field now, and I don’t know that she can stay on top of her emails with this group as much as she used to, but she would be a good source to ask this question of. btw, she’s on Baby Step 7, so she’s a smart cookie.

Categories: person

They did tell me that I could continue to do it

but I’d have to call each month and have them go in the computer and change it to be applied towards the payment. They said that they can’t take partial payments or something like that. So, now I just add a little bit extra to the total each month. It’s easier that way.

Categories: Uncategorized

Must depend on the area because every mortgage

I’ve ever had has always compounded daily and I believe they told her they do. In fact my Wells Fargo statement says right on the front on the right hand side that the interest is figured daily and if I am trying to pay it off to be sure and state principle only on the payment and to pay as early as possible. I’m hoping to start doing that by mid summer 2014.

Categories: mortgage

Most mortgages do not compound interest daily and that is the reason for this

My second mortgage does, but my first doesn’t. So, I just set aside 1/4 of the amount every week. Every 4 weeks, I make a payment. For the other mortgage, I send in weekly payments and I can see that parts go to interest and parts go to the principal. Over time, I was able to see that the weekly payments paid down a few more dollars each month than the monthly payments did.

Categories: Uncategorized

The loan company is LYING to you!

If they are compounding interest daily that means if they are charging you say 10% interest on $100 that is $10 interest for the first day. Then they compound that interest into your principle balance so the second day they are then charging 10% interest on $110 and the interest is $11 the third day is figured on $121 and the interest is $12.10. etc. through the 309 day billing cycle so it can really build up. Of course if it’s 10% interest per year the amount of the daily interest would be much smaller, but it would still add up.
So yes the quicker you pay on the bill the lower your interest will be and the more you will save in the long run over all. The important thing is to remember to pay enough to cover your minimum in each statement period. I pay a minimum of once a week on our Best Buy bill and in the last four months saved around $87 in interest on their compounded daily interest rate as a result. I make big payments on each pay day and little ones as a bit of extra cash comes in. If it’s only $5, then $5 goes on, if it’s a sudden large windfall then the entire windfall goes on. That card is at 9.9% annual interest rate (see why I hate it) and six months ago the balance was roughly $5,000 and I’ve got it down to $2300 in four months by nickel and diming it to death.

Categories: loan

The math nerds can tell you but it doesn’t make sense to me

When I had a mortgage and tried myself to pay every two weeks they definitely made it most difficult or to do it smoothly put on such a fee not worth it. My thought would be putting that extra toward principle would be the way to go, however they figure their interest, the less they have to charge interest on the better off you are.

Categories: interest

That is my thought, every penny counts!

Even if it is not a lot, anything is better than nothing, every penny that I can get off of it , I want off. We plan to refinance as soon as we can to get the interest rate down as much as possible, but in the mean time…which brings me to another question.

The reason we took the loan was to restore our credit(we paid a hefty down payment and are paying more than needed each month) …I KNOW…but hear me out, we were unemployed for a long time and ended up filing for bankruptcy, not what we wanted, but how it went down. We have been completely cash for 3 years now, I have no credit score at all and my husband’s is very low.

We foresee a move so in hopes of getting a decent mortgage down the line we decided to help our credit out now. I will say we are reaping the rewards of better fuel mileage with this car loan, which helps with the added insurance fee and we intend to pay it off quickly, but not too quickly so the credit can be repaired,but I don’t want to be cheated by Chase either.

So how long should we wait before we refinance to get the interest rate lower?

Categories: refinance

It does make a difference, however it is small

We used to have a 2nd loan on our mortgage. It was a small amount and our payments were around $139 a month. We always paid more than we owed. We slowly increase the amount over time, until we were up to about $350 a month. All the extra went to principal. Because of the way interest is calculated, our payment due each month was actually less the $139.

It is my understanding that they calculate interested daily based on the amount of the money still owed. So if over time you pay more principal, the less the amount the less interest. It may not be a significant amount but it does add up. Don’t let a mortgage company try to persuad you from paying more (if you want too that is). They would much rather try to convince you NOT to do it. After all they are making a lot of money off you. And for them every penny counts!

Categories: mortgage

Call you utility company to

see if there is anyway you can lower your gas, water, or electric besides cutting back usage. I keep saying I am going to call to get us on bill leveling for gas/electric. It averages you bill over the last 12 months to help cut out the spikes in the summer and winter. I like it for budgeting purposes even being debt free. It doesn’t technically let you pay less but it feels like it since the spikes are leveled out.

We have a bundle through the cable company. We have phone, internet and cable. I have “heard” that you can bundle 2 items, depending on your cable company, I guess. If you still have cable and want to keep the phone as is, see if cable will bundle your internet and cable. It may save you some $$. Of course when we did this, we had already had a bundle at the old house. However, because wwe were moving, we qualified. Plus, we found out that even if we were not moving, it had been more than 12 months so we requalified at that point, even if staying at the old address.

Since we are debt free except the house, our cable package is bigger than it used to be. After about 16 months, I still can’t believe how much we are paying for cable and we don’t even have any premium channels. 8-|

Categories: company

We’ve already applied out tax return to the debt

The rest went to fund out emergency fund. We are at 9% taken out of his check. We are working towards 12% but it will take some time. We increase it 1% every 6 months.

I am planning to call the internet company tomorrow to see if there is a lower plan we can get on. Our phone bill is only $4.72 a month. That is the taxes for our area. We have ooma as our phone. We got it as a christmas present from a family member. I am also planning to change our garbage pick up from weekly to every other week. That will save us about $7 a month.

Categories: debt

You can beat that $2,800 really fast

Do you have tax money coming back, or have you got your taxes that level? At this point for that small amount I would not stop the 401K.
However much you husband’s company matches, that is the amount of 401K you should have taken out –Per Dave Ramsey. Dh and I still owe huge amounts, but we are funding 6% into the 401K because that is what the company matches and with our ages being 65 and 62 our time to put back enough for retirement running short.
If it was me, and I have done this more than once. I’d cruise the house and see what I could sell and then sell it. I know you’ve done that to some extent, but have you cleared your bookshelves, put nice clothes in consignment shops, cut back your cable, cut back your telephone service? Unlike the government who doesn’t think little bits add up, little bits really do add up. Check your utilities for overages etc.

Categories: 401K

Have you done a budget?

What are you sending extra to this besides the required minimum payment? As far as the 401K, is the employer matching any of the contributions? I would contribute enough to qualify for the match and then use the difference toward this debt. 2800 isn’t really a lot of money, I don’t know that I would quit contributing to the 401K to pay it off.

Categories: budget

What is your current payment amount?

Do you have extra you are paying as a snowball? If you want to get Gazelle, then sell stuff, reduce your 401K, make extra money and knock it out! Then you can move on to baby step 3!

Categories: payment

First off I want to thank those of you

who’ve made it debt free and stayed in this blog. You are so valuable to the rest of us.

I need to pick everyone’s brain. We have $2800 in debt, it’s interest free for the life of the loan. Outside of our monthly bills, mortgage, and food it’s the only debt we have. Before we had the debt of $2800 we’ve been relatively debt free for the last couple of years. Currently, my husband has 9% taken out for a 401K plan at work. So my question is should he stop funding the 401K until we pay off the $2800?

We have about $1500-$1800 in an emergency fund. Where I live, things tend to be more expensive when emergencies come up. We found it really wipes out the $1000 fund quickly. So we upped what Dave’s says of $1000.

Ideas, suggestions?

Categories: 401K loan

No, we have no usable cc now

We have managed to pay off 3 settlements in the past year. One was just paid up last month and one this month. Still paying on a Dell account and 2 Home Depot accounts. We also have a financial loan that we are paying on. All of these accounts are closed and in settlement agreements.

Categories: cc

Obviously, he has fallen for the LIE

that you need a credit card to survive. Either that, or he doesn’t want to wait and save up for stuff he wants. Honestly, if you’re going to pay it off every month, why bother?!?
I certainly hope you guys get on the same page, because right now you’re not even in the same BOOK…

Categories: lie

Consider the following:

1) you do not NEED a credit card to make ANY purchase. By federal law, if a company accepts a credit card, they must also accept a debit card from that same company. For instance, if I had a MasterCard credit card in my wallet, and a MasterCard debit card in my wallet, a hotel or merchant or restaurant could not tell me they’ll take the credit card but not the debit card. They must accept both. That didn’t used to be the case. Now it is. Which means that there is no longer a reason to carry a credit card, unless you want to spend more money than you have. Which is EXACTLY what the credit card companies want.

2) You do not NEED to “build credit”. The vast majority of us already have credit reports, from a variety of sources – paying your utility bills, paying rent, paying mortgage, paying doctor bills, etc. If you are on time with all of your bills, that’s all you need. If you are behind on any bill, getting a credit card will NOT improve your credit score. Getting caught up on your bills will. The only ones who tell us that we need to “build credit” are the companies who sell us the credit. Which is nothing more than any other merchant yelling at the top of his lungs “BUY MY STUFF!” No more, no less.

3) If you and your husband really truly want to get ahead financially, Dave Ramsey, through his books, his classes and/or his free radio show, can give you a clear roadmap for how to do so. Listening to the banks and the credit card companies and their claims is only a map for how to get deeper into debt with them. The two approaches are mutually exclusive. We talk here on the list about strategies for meeting Dave Ramsey’s taught goals; reading through his books will help you understand why we have those goals, what they are, and why they are so important to do in a particular order.

Please know that you are standing now where a lot of us have been in the past – either months or years ago, and you’re asking questions that many of us asked at that point (and since then). Dave is not some new age touchy-feely magician. He is a financial counselor with decades of experience studying why people go into debt, and developing ways for them to get out of debt and build solid financial lives. But to tap into that knowledge, you WILL need to either listen regularly to his show, read his books, and/or take his class. Merely reading the posts on this Yahoo group will give you the “working end” of his strategy. You need the whole picture before you can make it work. But it will work, and it is working for folks who stick with it. I hope you AND your husband make the decision to learn more about the Dave Ramsey approach, by whatever means.

Categories: MasterCard