From the category archives:

debt

State of the Economic Union: How Will Obama Get Massive U.S. Budget Deficits To Budge?

January 27, 2010 · 2 comments

in 2010, GDP, January, Obama, US Treasury, US debt, US economy, budgets, debt, deficits, employment, fiscal year, government, news and updates, recession, special dates, stimulus, stimulus plan

The Obama administration sits between an economic rock and a political hard place.  Others might call it a contradiction.  Obama needs to cut spending, but he’s doing this at the same time that more spending is being introduced (on job creation, more troops in Afghanistan).  Slight cuts in some areas are supposed to offset increased [...]

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Biggest Foreign Buyers of U.S. Debt

January 4, 2010 · 5 comments

in China, Federal Reserve, GDP, US Treasury, US debt, US dollar, central banks, currencies, debt, deficits, hyperinflation, interest rates, international economy, money supply, wealth transfer, world reserve currency

Aside from American financial institutions and the Fed (the buyer of last resort), the largest buyers of US Treasuries and notes are all Asian countries.  You can probably guess which ones.
#1 – China
.
China, more than anyone, is probably most concerned with the value of the US dollar and the stability of their US dollar investments.  [...]

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New Credit Card Rules For U.S. Consumers in Credit Card Lending Overhaul of (CARD) Act

August 20, 2009 · 3 comments

in consumers, credit cards, debt, financial planning, regulation

Starting August 20, 2009, the U.S. credit card industry sees the most credit lending reform in two decades that is meant to give more power and protection to the U.S. consumer.  The changes appear as part of a new law for credit card reform signed back in May 2009 by President Obama as part of [...]

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Getting Motivated About Tackling Credit Card Debt

August 9, 2009 · 10 comments

in budgets, credit cards, debt, discipline, finances, paycheck, portfolio, spending

To truly become free – and stay free – from consumer debt, it takes a strong shift in mindset, akin to the force of a tsunami (as my blogging colleague Baker from ManVsDebt has creatively put it).
What’s the point of paying off all those credit cards if you’re just going to end up racking them [...]

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How To Get Ready For Double-Digit Inflation

July 13, 2009 · 12 comments

in credit cards, debt, economy, financial planning, hyperinflation, inflation, savings, wealth protection

Some people may tune out any talk of inflation, chalking its presence in the media up to fear-mongering (a handy scapegoat!) or laughable economic miscomprehension.  “Why worry about inflation, when deflation is clearly the threat?,” so many commentators cried a few months ago.  But if all one cares about is the short-term, then one won’t [...]

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Automate Your Income Just Like You Would Automate Your Expenses

June 17, 2009 · 9 comments

in achievement, cashflow, debt, employment income, financial education, lifehack, lifestyle design, passive income, side income, wealthbuilding

If it simplifies your life to put your bills and savings on autopayment, wouldn’t it make your life even simpler if you could also put your income on autopayment?  I know you probably already receive your paycheck through direct deposit, and in that sense your pay is “automatic,” but what if you could also automate [...]

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The Only Things You Should Use Your Credit Card For

March 23, 2009 · 11 comments

in credit cards, debt, emergency fund, spending

It’s a bit difficult to talk about credit cards in general terms, since there are SO MANY different kinds on offer, especially in the U.S. (in other countries like Canada, it’s a lot more simple and straightforward).
But a major question that many people may have is just how to use their credit card and what [...]

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