Ten Tips to Break the Debt Cycle -- For Good!

Written by Paula Langguth Ryan


Breakrepparttar Debt Cycle — For Good! excerpted from Bounce Back From Bankruptcy by Paula Langguth Ryan

You can become debt-free and STAY debt-free if you follow these practical and spiritual tips. Money is energy. Nothing less, nothing more. It does not have any power to control your actions...only your thoughts control your actions. Our thoughts about money usually fall in one of three planes. Atrepparttar 112760 bottom is where you’ll find most of us. This is where we spend our energy and time worrying about and talking about our money problems. Where we spend most of our time saying things like “I’m not going to have enough money to...”

You can takerepparttar 112761 first step toward breakingrepparttar 112762 debt cycle by elevating your thinking. You can start elevating your thinking torepparttar 112763 next level BY SETTING GOALS FOR YOURSELF. This level is where we spend our energy and time saying things like “I want to achieve this goal I’ve set, BUT I’ve got these money problems...” If you’re already on this level, congratulate yourself! You’re one step closer to permanent prosperity already!

You’ll reachrepparttar 112764 third and highest level once you make a committed effort to putrepparttar 112765 following ten tips to use in your life. When you’ve reached this plane, you’ll find yourself saying things like “I have this goal, and it may be a very tiny goal, but it is my goal, and this isrepparttar 112766 next step I’m going to take to make this goal a reality.”

For example, if you’re worried right now about meeting this month’s mortgage payment, and your goal is to come up with enough money to payrepparttar 112767 mortgage byrepparttar 112768 date it’s due, then you’re on your way. Several ofrepparttar 112769 tips below will immediately generate cash on hand to help you make your goal a reality. Other tips will help you build a foundation underneath you, so that more cash will come to you.

I encourage you to start putting each of these tips to use in your life TODAY. Work toward progress, not perfection. Don’t beat yourself up if you can’t do everything at once. Take it a step at a time and keep moving forward. Above all else, know that YOU ARE PROSPEROUS!

1: FREE UP THE TRAPPED PROSPERITY IN YOUR LIFE. Release things that take up “space” in your life. Friends who sap your energy and provide nothing in return. Books, clothes, food, what are you stockpiling that you don’t use? Look at everything you haven’t used in over a year and find a way to sell it or trade it in.

2: PAY WHAT YOU CAN NOW. If you have debts to pay, and you have savings, don’t withhold money and say, “I’ll pay these debts later, when I have more money so I don’t have to touch my savings.” Free up that money, put it intorepparttar 112770 universe. You can’t get a flow of money coming in to you unless you have a flow of money coming out. Don’t put off paying what you can pay today.

3: RELEASE PEOPLE FROM THEIR DEBTS TO YOU. If you have lent money inrepparttar 112771 past, or extended credit, and you know thatrepparttar 112772 chances for you ever getting that money back are remote, release them from their debt to you. Call or write them and say, “I want you to know that I’ve decided to consider this money a gift to you. I am freeing you from any obligation to repay this money, ever, and I hope you’ll accept this gift with all my love.” You then make it possible for that money or more to come to you from some other source.

ONLINE BANKING – ARE YOU READY FOR IT?

Written by Jim Slobodzian


Are you ready for online banking? Or a better question – arerepparttar banks ready for you?

Online banking is much, much more than simply punching in your codes atrepparttar 112759 nearest ATM, andrepparttar 112760 breadth of services available to you are growing fast. In fact, some banks do not have branches located in brick buildings at all, but are operating competitively in repparttar 112761 "online" world offering allrepparttar 112762 services "traditional" banks have offered inrepparttar 112763 past.

Getting Started So, what should you consider before makingrepparttar 112764 leap in to cyber- banking? Probablyrepparttar 112765 first thing to consider is whether you have repparttar 112766 "connections". The simplest online connection you need is dial-up internet access from your computer. With this, you are now able to make a connection with your existing bank or surf other banks to open an account, request a loan, etc. If you have an existing bank account, many banks are making it easy for you to "enable" online access to your accounts. Check with your bank,repparttar 112767 process of getting online access to your existing accounts is fairly easy – and you should be able to do this online. (Note: When converting my existing account to online banking atrepparttar 112768 RBCrepparttar 112769 process wouldn't let me do it online. I had to call in to their office during business hours, butrepparttar 112770 process was fairly simple andrepparttar 112771 telephone support was very good.)

They will guide you through a simple process, setting you up with your account # and password. Guard these carefully! – they are just as important as your ATM PIN #'s.

What Can Online Banking Do For Me?

The services available to you are growing monthly. To be fair torepparttar 112772 banks, they are playing catch-up to some ofrepparttar 112773 services being offered by auction payment systems which in a way have "blazedrepparttar 112774 trail" for online payments. New e-money currency, "wallets" and payment systems have filled a gap inrepparttar 112775 market place that banks are looking to recover. The ones that really want your business won't make it difficult for you to do business with them. As we all know, nothing is more frustrating than spending your time and energy trying to use your bank's "online" services only to find that an hour later you see a message saying "please visit your nearest branch to….".

So what should you expect? Here is a list of basic services that I believe you should be able to expect from your online bank (and of course,repparttar 112776 list keeps growing).

 Open a new account  Check credit card balances  Check your mortgage balances  Make bill payments  Schedule automatic bill payments for regular bills  Make credit card bill payments  Apply for a loan  Apply for a mortgage  Transfer funds between accounts  Ability to send and receive checks online  Check your brokerage account and trade stocks or mutual funds (integrated)  Wireless banking access

I should note that when comparing some ofrepparttar 112777 services offered by US banks vs. Canadian banks, it appears that Canadian banks are slower to offer important basic online services such as sending and receiving checks and payments. Hopefully they will catch up inrepparttar 112778 coming months.

Advantages The advantages of convenience and speed for online banking are obvious. You haverepparttar 112779 ability to do your business when it is most convenient to you, at any time of day with no line-ups and no waiting. Transactions are most often executed and confirmed instantly or duringrepparttar 112780 next business day. And of course, withrepparttar 112781 increased competition that comes with consumers having more knowledge and easier access to competitors,repparttar 112782 price differences are worth comparing. For certain basic servicesrepparttar 112783 "virtual" banks that only operate online have better rates as compared against some ofrepparttar 112784 traditional institutions that have to maintain their branches and buildings.

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