Reduce Debt Increase Wealth

Send us Fan Mail Planning is an ongoing process that must be review and updated every year. It only takes a few minutes to do this but is important as things may have change over time. Article Links: https://www.nerdwallet.com/article/investing/what-is-a-financial-plan By Kevin Voigt , Alana Benson   The 5 Times When You Should Review Your Financial Plan | Kiplinger by: Eric Roberge, Certified Fin...

Send us Fan Mail Once the budget is set and perfected than it can be used to plan for a new loan, retirement, investing or saving for that new home, wedding, child or automobile. Article Links:   A Better Way to Budget: The Fiscal Fitness Plan Ahead Method (fiscalfitnessphx.com) All episodes are now on Facebook  go to ReduceDebtIncreaseWealth.com in Facebook and look to the podcast tab.   Support...

Send us Fan Mail Should you use a Home Equity line of credit HELOC what are the benefits and disadvantages. Maybe an Equity loan is a better way to improve the home. Personal loan line of credit is another option maybe but will cost more interest.    Article Links:    https://learn.financestrategists.com/finance-terms/loc/equity-line-of-credit/ by True Tamplin, BSc, CEPF®   https://www.experian.co...

Send us Fan Mail The FIRE movement is strong with the younger generation wanting to retire early. Maybe at age 35 to 40 is this possible and how is it done. Then what will a person do in retirement, most likely work of some kind.  Article Links:   https://www.playingwithfire.co/whatisfire   https://www.businessinsider.com/personal-finance/why-ditched-traditional-fire-movement-2021-6 By Michelle Ja...

Send us Fan Mail What to buy that first home or move up into another home? The first thing you need to do is save up a down payment. But that still not enough, so MisterChuck expands on things to do to get into that home.  Article Links:   https://www.rocketmortgage.com/learn/how-to-save-for-a-house By PATRICK CHISM   https://time.com/nextadvisor/banking/savings/how-to-save-for-a-house/ By Kendall...

Send us Fan Mail Having credit is good but having too much debt can be bad. How to manage credit so you do not have to manage debt.    Article Links:   https://pocketsense.com/advantages-disadvantages-consumer-credit-8063.html By Cam Merritt   https://www.nerdwallet.com/article/credit-cards/credit-card-tips-everyone-should-know   By Lindsay Konsko   https://www.marketplacefairness.org/blog/persona...

Send us Fan Mail How to increase your net worth, investing into stock for the long term is one way. The other is to reduce your debt. Doing both at the same time may increase your net worth faster. This episode is the basic on investing in stocks and the benefits. Article Links: https://www.investopedia.com/articles/basics/06/invest1000.asp By Chad Langager https://www.investor.gov/introduction-in...

Send us Fan Mail What are budget categories, and the percentages should be when determining how much to spend. MisterChuck goes over this information and much more. Article Links:  https://www.chime.com/blog/recommended-budget-category-percentages/ By Chonce Maddox https://www.credit.com/blog/12-top-budget-categories-you-need-in-your-plan/ All episodes are now on Facebook  go to ReduceDebtIncrease...

Send us Fan Mail What does it take to reduce debt? MisterChuck goes over the method to get debt under control and over time get out of debt. Articles Links: No articles used  All episodes are now on Facebook  go to ReduceDebtIncreaseWealth.com in Facebook and look to the podcast tab. Support the show Please support the show by subscribing, can cancel at any time. Thanks for the support. Subscripti...

Send us Fan Mail How to avoid using debt relief programs and determine what was the cause of getting too much debt. Before using any debt relief program you must understand why your debt is a problem. MisterChuck talks about these plus other things people do that are personal finance mistakes.  Articles Links: https://www.bankrate.com/uk/current-accounts/personal-finance-mistakes/ By Marianne Curp...

Send us Fan Mail Christmas is not far off, now the time to set aside money for your Christmas shopping.  Article Links:  https://www.moneycrashers.com/create-holiday-budget/ By Amy Livingston All episodes are now on Facebook  go to ReduceDebtIncreaseWealth.com in Facebook and look to the podcast tab. Support the show Please support the show by subscribing, can cancel at any time. Thanks for the su...

Send us Fan Mail When your income is too low the need for a new job is required. What are the job interview questions and how to handle is covered in the episode.  Article Links: https://www.indeed.com/career-advice/interviewing/top-interview-questions-and-answers By: Indeed Editorial Team https://www.themuse.com/advice/51-interview-questions-you-should-be-asking  By The Muse Editor All episodes a...

Send us Fan Mail What to know before investing in the stock market, the basics that are important.   1.Assets Classes 2.Diversification Article Links: https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/asset-class/  https://www.nerdwallet.com/article/investing/diversification By Tiffany Lam-Balfour, James Royal, Ph. D., Elizabeth Ayoola Support the show Please support the...

Send us Fan Mail Spending habits some are good, but most are bad. Mister Chuck discuss this topic and how to break these bad habits. A. Good Habits B. Avoiding Bad habits Article Links:  https://www.mentalfloss.com/article/532663/9-good-money-habits-you-can-form https://www.developgoodhabits.com/good-financial-habits/ https://www.frugalconfessions.com/spend-less/list-of-spending-habits/ By Amanda...

Send us Fan Mail If you are self-employed or thinking about starting your own business here how you should do a budget. Included are the percentages for each category to consider when reviewing your monthly budget. Article Links: https://www.gobankingrates.com/saving-money/budgeting/recommended-budget-percentages/ By Kathy Evans https://www.thebalance.com/how-to-figure-out-budget-percentages-for-m...

Send us Fan Mail What is personal finance? Why personal finance is important, and how does it affect everyone's  life. This episode Mister Chuck goes over the basic things that personal finance includes. Article Links:  https://www.investopedia.com/terms/p/personalfinance.asp By WILL KENTON Support the show Please support the show by subscribing, can cancel at any time. Thanks for the support...

Send us Fan Mail Budgeting is not all that hard; it is easy after understanding the basic concept. It is a plan for your money nothing else. Failing to plan is planning to fail. Budget Categories 1.Housing 2.Transportation 3.Food & Dinning 4.Entertainment 5.Cloths 6.Savings Article Links: https://mint.intuit.com/blog/budgeting/tips/  https://bethebudget.com/budgeting-tips/ Support the show Ple...

Send us Fan Mail A plan is needed to reduce debt. No matter how much is owed or the number of credit cards or loans. A plan will help organize all debt and determine the order of payment.  1.Create Budget 2.List All Debt 3.Stop Creating New Debt 4.Put money into Emergency Fund (Saving Account) Article Links: https://www.investopedia.com/best-debt-reduction-software-4844305 By HOLLY JOHNSON https:/...

Send us Fan Mail A simple approach to getting a financial plan in place. Financial plan will help track goals, set spending limits and get an emergency fund into place. Financial plan help identify your short comings with finances and directs movement to a better place.  Article Links: https://www.schwab.com/resource-center/insights/content/10-steps-to-diy-financial-plan By Carrie Schwab-Pomerantz...

Send us Fan Mail Types of bankruptcy and what the requirements may be to file and get bankruptcy relief. Note I am not an attorney, and this is not legal advice .Articles Links: https://www.credit.com/debt/filing-for-bankruptcy-difference-between-chapters-7-11-13/ by Gerri Detweiler https://www.creditkarma.com/advice/i/chapter-7-bankruptcy-means-test By Lance Cothern, CPA Support the show Please s...

Send us Fan Mail Before you can start tax planning, knowing about taxes is a must. Mister Chuck go through an Individual tax return breaking down each part of the return.  Articles Link: Publication 17, Your Federal Income Tax (For Individuals) Support the show Please support the show by subscribing, can cancel at any time. Thanks for the support. Subscription page:  https://www.buzzsprout.com/961...

Send us Fan Mail Two questions to ask yourself, how long will my retirement savings last? How much will be lost to Income Taxes?  Article Links: https://www.westernsouthern.com/learn/financial-calculators/retirement-withdrawal-calculator  https://www.investopedia.com/articles/personal-finance/062615/10-little-known-ways-reduce-your-401k-taxes.asp By TIM PARKER HTTPS://WWW.KIPLINGER.COM/TAXES/TAX-B...

Send us Fan Mail Once your debt has been paid off, the need to make money work becomes important. One way is to start a business or invest in a business what to do? Article Links:  http://www.angelscorner.com/articles/12_rules_for_inv.htm  https://www.investopedia.com/articles/personal-finance/120815/4-most-common-reasons-small-business-fails.asp By MELISSA HORTON Support the show Please support t...

Send us Fan Mail How to reduce your spending. Get spending under control is the most important thing to do when reducing debt. First make a Financial Plan, and a Debt Reduction Plan.  Article Links: https://www.clevergirlfinance.com/blog/how-to-stop-spending-money/ By Bola Sokunbi https://www.fool.com/the-ascent/banks/articles/how-stop-spending-money-you-cant-afford/ by Christy Bieber  Support the...

Send us Fan Mail What are types of expense that should be in a budget? Mister Chuck explain the types and the categories in making a simple budget .Article Links: https://fiscalfitnessphx.com/know-your-expenses-know-your-budget-four-types-of-expenses-and-how-to-plan-for-and-cut-them  https://www.quicken.com/blog/budget-categories By CRAIG TSUCHIYA 5 Signs You're Doing Better Than You Think Wh...