Reduce Debt Increase Wealth

Send us Fan Mail Personal Finance is based on knowing your numbers. What number should you always know and why. Mister Chuck look into these numbers to give you the information so you know your happy numbers. 1.     Net Income 2.     Monthly Expenses  3.     Debt Interest Rates & Amount 4.     Savings Interest Rates (also Rate of savings) 5.     Net Worth 6.     Years to Retirement  Article Li...

Send us Fan Mail  Mortgage calculator is used to see how much interest can be saved by making extra payment. But credit card debt is reduce by making larger payment, Debt consolidation,  or going to debt consulting are the common ways to reduce your debt. But one thing is missing Mister Chuck explain how to avoid these common ways and still get out of debt.  Does paying extra on mortgage every mon...

Send us Fan Mail A  overview on how to get started investing. What you should be doing in the investing world, make your money work for you.  Then what does it take to become a above average investor. Using Robo Advisor maybe the easy way to get started. Article link: https://millennialmoney.com/start-investing/ By GRANT SABATIER https://www.motilaloswalmf.com/knowledge-centre/5-keys-of-investing...

Send us Fan Mail We make mistakes in personal finances. Here are some of those mistakes and how to solve this problem. Mister Chuck talks about these and just knowing about these mistakes can help your finances. There are 22 Mistakes listed in this article and  I cover them all. Article Links: https://www.listenmoneymatters.com/financial-mistakes/ By Candice Elliott Support the show Please support...

Send us Fan Mail Mister Chuck discuss should you do a cash out refinance or get a Line of credit. First does this fit into your debt reduction plan and should this be done. 1 What is your debt reduction plan 2 How will cash out refinance fit into this plan 3 Have you used the 30 Day rule 4 What are the costs and how much could you cash would you get 5 How are you using the cash  Article Links: htt...

Send us Fan Mail Mister Chuck discuss changing your financial lifestyle to improve your credit score and get out of debt. Apply 60 simple rules of Personal Finance.  1 Why improve credit score 2 How improve credit score  Article Links:   https://www.myknowledgebroker.com/blog/personal-insurance/how-to-raise-your-credit-score-by-100-points-in-45-days/   Posted by Steph Schreiber   https://www.incha...

Send us Fan Mail Mister Chuck explores this ratio debt to Income plus other things to know about using this to your advantage.  1 What it is and what is means 2 How to compute this ratio 3 Why is good to Know and Who uses Ratio Article Links: https://www.consumerfinance.gov/ask-cfpb/what-is-a-debt-to-income-ratio-why-is-the-43-debt-to-income-ratio-important-en-1791     https://www.investopedia.com...

Send us Fan Mail Mister Chuck covers the warning signs of possible scammers concerning debt settlements providers. Then covers the basics of how to set up a budget and discussed if this is a process that any do it yourself can do to save the fees of debt reduction services. 1. Warning Signs 2. Don’t do these things 3. Can you do it yourself before using a service Articles Links: https://www.moneyu...

Send us Fan Mail What is net worth and why it important. Mister Chuck explain and why important to keep track of once a year. Also covers tax planning and Estate planning in this episode everyone needs to have a knowledge on these topics even at a young age.   1 Net Worth 2 Tax Planning 3 Estate Planning  Article Links: https://www.thesimpledollar.com/financial-wellness/how-to-calculate-your-net-w...

Send us Fan Mail Rule #1 Spend less than you earn seems a simple rule but that really does that mean. How do you achieve this habit? There are times maybe it not appropriate to follow. Mister chuck discuss this rule in detail. What is financial distress and how to recognize when you are becoming distress.   Articles Links https://www.fca.org.uk/insight/understanding-financial-distress By Benedict...

Send us Fan Mail Mister Chuck explores spreadsheets to use to help those trying to get out of debt. Finding what he believes is the best one to use, plus more.  1 Review past episodes 2 Why to use spreadsheets 3 Ones to use to help Articles Link:   https://www.thebalance.com/free-debt-reduction-spreadsheets-1294284   BY   SHELLEY ELMBLAD https://www.vertex42.com/Calculators/debt-reduction-calculat...

Send us Fan Mail Mister Chuck goes over rules that can help everyone with personal Finance. There are total of sixty rules the remaining 36 in this episode. Following just some of these rules can help everyone get a grip on their money and make life easier.   Article Link: https://www.thesimpledollar.com/save-money/sixty-simple-rules-of-personal-finance/    By Trent Hamm Support the show Please su...

Send us Fan Mail Mister Chuck goes over rules that can help everyone with personal Finance. There are total of sixty rules the first 24 this episode. Following just some of these rules can help everyone get a grip on their money and make life easier. Article Link: https://www.thesimpledollar.com/save-money/sixty-simple-rules-of-personal-finance/    By Trent Hamm Support the show Please support the...

Send us Fan Mail  Many struggle to save money, it not hard, Mister Chuck discuss how to get saving into your budget. 1.  Reason not to save 2.  Set Goals 3.  Reach Goals Articles Links: https://www.thebalance.com/how-to-set-and-reach-savings-goals-2386115 By   MIRIAM CALDWELL   https://www.thebalance.com/overcome-excuses-and-save-money-4129534 By MATT REINER   https://www.thebalance.com/best-reaso...

Send us Fan Mail Everyone needs insurance whether you want insurance or not some are required by lenders. Some types of insurance should be consider just in case something bad happens.  1.       Insurance Required a.       Auto b.       Home 2.       Needed Insurance a.       Health b.       Disability c.       Life 3.       Consider Insurance a.       Renters b.       Pet c.       Travel  Overvie...

Send us Fan Mail E: 25 Buying A house Mister Chuck talk first time home buyers what is needed before getting that first home. 1 Are you Ready 2 Shop for loan 3 Type of Loans 4 Down Payments 5 Real Estate Agent 6 Inspection & Escrow 7 Closing   Article Links: https://www.thebalance.com/how-to-buy-your-first-home-2385826 By  MIRIAM CALDWELL https://www.nerdwallet.com/article/mortgages/tips-for-f...

Send us Fan Mail Mister Chuck looks into  the details of having a best buy credit card. Rewards vs deferred interest 1 Best Buy 2 Better Rewards or deferred interest 3 other retail store credit cards 4 Credit cards Stats 5 Review Debt Reduction Plan 6 My Debt reduction progress Articles Links https://wallethub.com/d/best-buy-credit-card-1449c/ By  Citibank https://wallethub.com/credit-cards/store/...

Send us Fan Mail Misterchuck talk about getting started in investing in the stock market. Explains what is investing, what are investments, and when to start. What is investing What are Stocks, bonds, mutual funds, ETF,  Understanding the process Use Financial planner Articles links: https://thecollegeinvestor.com/22975/investing-for-dummies/ By Robert Farrington   https://www.listenmoneymatters.c...

Send us Fan Mail Mister Chuck review the best budgeting apps to use today. Starting out this episode review the Personal Finance Plan and Reduce Debt Plans which both rely heavy on using a budget. So, what is the easy way to start a budget.  1.       Personal finance Plan 2.       Reduce Debt Plan 3.       What to look for in budget app 4.       Review different apps 5.       Summery Articles Link...

Send us Fan Mail Mister Chuck discuss getting a consolidation loan if you have bad credit. This episode explains what to do  if your credit score is below average to get consolidation loan. 1.       How to Improve Credit Score 2.       What is Consolidation Loan 3.       Where to find Consolidation loan 4.       What to look out for Articles Link: https://www.bankrate.com/loans/debt-consolidation-...

Send us Fan Mail Mister Chuck discusses what is a 401 K Plan and who should be using this benefit. Then talks about Financial advisor or Planner who need this be using this service.  1.       401 K What it is. 2.       Who offers this plan? 3.       Who should be contributing? 4.       Financial Advisor or Planner 5.       Fees charged 6.       Why it important to use this service Articles Link ht...

Send us Fan Mail Mister Chuck reviews using a reverse mortgage in retirement. The question is should a reverse mortgage be included in your Personal Finance Plan. What is a reverse mortgage and how does a reverse mortgage work. Article Links: https://www.bankrate.com/mortgages/reverse-mortgage-guide/   By Holly D Johnson https://www.investopedia.com/mortgage/reverse-mortgage/5-signs-reverse-mortga...

Send us Fan Mail Mister Chuck help determine the percentages to use in setting budget. Food and clothing are the 3rd and 4th largest items we spend money on, so it is important to budget the proper amounts. Personal Finance is important so knowing how much to budget before spending is key. Article:  https://theweek.com/articles/648521/how-much-money-should-budget-food   by Alexis Boncy  https://js...

Send us Fan Mail Mister Chuck exams how much you should be spending on Housing, and Transportation. This is key in getting your budget setup correctly. Personal Finance Plans are important in getting started as housing is 1st in amount paid and Transportation is 2nd in amount of your budget. https:/www.fool.com/millionacres/real-estate-basics/articles/how-much-my-income-should-i-spend-housing/ By ...

Send us Fan Mail Mister Chuck review the causes of getting into too much debt. Then goes over the reason why it hard to dig yourself out. You need to create a Personal Finance Plan and stay the course. Articles Link: https://www.lifehack.org/articles/money/7-causes-people-get-into-debt.html By Anya Bennet https://www.thebalance.com/hard-to-pay-off-debt-960855     BY LATOYA IRBY Support the show Pl...