Why The Financial Super Can’t Solve Your Debt Problems : February Net Worth Update (+1.34%)

IT’S TIME TO CLEAN UP YOUR FINANCIAL HOUSE AND GET ON WITH LIVING.   If you have outstanding debt then you have debt problems however not all debt puts a consumer in crisis mode. If all you can afford is the minimum payment on your bills ask yourself if this is the life you want? If you answered yes then be on your way and do as you please. Just don’t be surprised if you get to point B (Bankruptcy) when everyone else is celebrating their debt problems with debt wins. You are the only person that can solve your debt problems but along the way you may just run into someone who is willing to lend a helping hand or even an ear for listening. I like to think of myself as The Financial Super to many of my readers. This person could also be family, friends, a boss, co-worker, stranger on a bench or even a crazy Brit personal finance blogger like me.   Don’t feel sorry feel strength   If you answered No, then great you’re the person I want to talk to today. No one likes to have debt problems that have spiraled out of control […]

A financial panic attack cost one guy thousands : October 2014 Net Worth Update (-0.06%)

STAY CALM WHEN DEALING WITH MONEY   One of the first things my wife said to me this month was “Why do we have a negative net worth statement for October?” and right then I knew she was starting into her financial panic attack mode. Don’t laugh because some people really do suffer from anxiety and in some cases a panic attack when they know their finances are potentially in danger. Some people might have grown up in families who suffered financial loss, watched their parents lose everything, low-income, suffered disability or job loss etc. which triggers financial hoarding tendencies like my wife. When I say hoarding I simply mean they struggle to let go of their money or they make sure that they have money stashed away so that they will be safe if something were to happen. There are people who are scared to let go of their money let alone have someone invest it for them or even worse investing it themselves for fear they screw up. My wife isn’t scared to that extent but she wants to know exactly what is happening every step of the way. I didn’t have to worry about her having debt […]