“Moving Forward With The Rhythm Of Life” Lessons In Debt, Credit And Home Ownership

November 11, 2009

get-past-blockWe feel the season’s air change, we see fashion and merchandise trends come and go.  Throughout history, politicians have basically sung the same song, and made the same promises, and manipulated the public as they always have.  But somehow we don’t connect any of the rhythms of life throughout history to our own personal life.   We can’t control others, nor change what will appear in the history books, but we can be aware of the cycles in our personal life, if we stop and reflect.  We can take charge and prepare for what others in the world have set on the stage for us. 

 Many philosophies and religions recognize the importance of seven year cycles. This seven year cycle appears to represent a natural rhythm in human lives. When we move in tune with our natural rhythms we feel good and tend to progress. When we oppose our nature, it appears that in some fashion we come to a stop. Now is the time to look closely at the patterns in our past to see what we have done correctly, and what now appears to have been mistakes, actions, and thinking that went against the flow of the world. CHANGE always starts with thinking – think about it !

 New York Times excerpt from the article “Broader Measure of Unemployment Stands at 17.5%” by  David  Leonhardt explains:   For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now.

 The broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in decades. If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression.  In all, more than one out of every six workers — 17.5 percent — were unemployed or underemployed in October. The previous recorded high was 17.1 percent, in December 1982.

 Nothing is carved in stone, except on a tombstone, and since you are still breathing, you are able to move from this point forward.  The unemployment rate is 17.5 percent, but those maybe people who have not evaluated their self worth properly. They maybe people who don’t understand that every human has worth and brings value to the table to benefit others.  It is a matter of recognizing that value and promoting it in the mainstream of life amongst people who will appreciate what you have to offer.

 Debt, credit and home ownership challenges are met with solutions when people realize all matters connected to money come back to priorities.  Each individual’s self worth determines, not only the path taken in all cycles of life, also determining the quality in which it is traveled.    

 Spectrum Resources Call (863)967-0660  or Email: SpectrumResources@tampabay.rr.com

visit: http://MoneySavingTips.PolkVoice.com  &  http://SpectrumResources.wordpress.com

http://FinancialEducationAndOption.blogspot.com & http://WomanToWomanMagazine.ning.com

Raise your credit score in 75 Days Guaranteed visit: http://CreditJusticeServices.com/?ccc=1242

Facing foreclosure to get more time and more options visit: www.OneCaboodle.com


“HOW TO Turn Credit Lemons Into Sweet Lemon-aide” Lessons In Debt, Credit And Home Ownership

October 10, 2009

PuzzlePieceYou would have to agree, lemons and credit both normally leave a sour taste in your mouth.  Lemon-aide on the other hand is refreshing, and credit can be just as sweet if used in the right way.  The whole key is making credit work for you is again like making lemon-aide, it knowing the recipe, or rather the right ingredients as offered below !  

You have probably wondered yourself what elements make up the credit score ?  What actions bring negative reactions to the credit score ?  And how to dispute the inaccurate information placed in your credit history effectively to raise your score ?  The answers to these questions and more come from education of that particular segment of money management. You can learn for your personal use or to help others by visiting http://CreditJusticeServices.com/?ccc=1242 .

You will be visiting a gourmet shopping area that offers you ingredients that will allow you to raise your own personal credit score, or become a certified credit counselor and help others take the bitterness out of their credit history. 

Eight out of ten credit reports ( 79%) have errors that are severe enough that credit is denied, yet creditors use this information to determine if we are a risk before extending credit. Credit Justice Services ranks number four in the nation as a leader in the industry and one of the founders of NARCO = National Association of Credit Repair Organizations. It strives on excellence of service and standards in alignment with our Federal governing laws.  Education is essential to bring about change in the industry, and in personal habits as a consumer.  You can make a difference in your own household as a client in the 75 Day Credit Makeover Program , or help others turn their lemons into lemon-aide with knowledge and skills as a Certified Credit Counselor.    

Right now America is in an economic crises, the credit score determines the cost, and availability of about everything we need and do, including jobs. Professionally trained and knowledgeable consumers are essential to a positive change. Learn to save or learn to earn, take the lemons in your credit life and turn them into lemon-aide and enjoy the sweet taste of success.

                                                                                                                 

 Contact Spectrum Resources (863) 967-0660 or SpectrumResources@tampabay.rr.com

For over seven years, Spectrum Resources has provided personal counseling in debt, credit and home ownership issues with the mission to help people learn how to live inside their income.   Spectrum Resources welcomes your tips, ideas, and opinions.

  Please visit all of our blogs, each one with a different lesson:

http://SpectrumResources.wordpress.com     and

http://MoneySavingTips.PolkVoice.com    and

http://FinancialEducationAndOPtions.blogspot.com  

 and our newest blog: http://WomanToWomanMagazine.ning.com


“Stop Playing Favorites”

July 30, 2009

Master Card AMEX cardsYou know which one it is, your favorite credit card, shiny but worn a little from lots of use.  Oh, you might have many others, but for some reason you always pull out this particular one.  Is it the art, the style of font, the bright or subdued colors ?  Maybe it is because it is the only one that hasn’t lowered your credit limit down to your debt line. 

 Now is the time to stop playing favorites, show a little love to all of your cards. Even if it is buying just a pair of shoes.  Credit is just that CREDIT.  That is how the banks make money is you USING credit.  IF you don’t USE credit, then the banks see no reason to keep your account open.  It is bad, when creditors close your account. Really bad, when credit bureaus tally up points creating your credit score.

 So pull the stack out of the drawer and see IF they are still alive, and what is available on each of them, use them at least every three to six months..  Use them or lose them !  Obviously, having a credit card canceled hampers your access to credit.  But what happens is far more damaging. Your credit limit is lowered and that messes with your debt to credit ratio.  You will appear incapable of managing your financial affairs. Your interest rates will be raised because now you are seen as a risk to your creditors. It is a snowball forming and will hit you upside the head when you least expect it or want it.

 Don’t be a victim of the games the banks are playing. Stay knowledgeable.  To maintain your debt to credit ratio you must always be doing the math !  Ideally you’d use less than 10% of your limit.  But 20% can be acceptable if you are making timely payments. But when you go over the 20% line you are in the CAUTION ZONE.  30% is the cliff- STOP ! Going over 30% appears you are maxed out. You are in danger of your entire credit world crumbling down around your ankles.

 Quick fix before your score drops is to apply for another credit card, preferably with a high credit limit and DO NOT USE IT except to show activity.  The whole reason for the card is to give you breathing room, expanding your overall credit limit, to align your debt to credit ratio.  It is NOT meant for you to use to expand your debt load.  Be smart !                                                                                                                       422

Spectrum Resources offers counseling in issues of debt, credit and home ownership, including prevention of foreclosure. Our mission is to provide education and resources giving you options to explore.  Call 863-967-0660, email: SpectrumResources@tampabay.rr.com  Don’t forget to visit all our blogs to learn more:

http://MoneySavingTips.PolkVoice.com  and http://FinancialEducationAndOptions.blogspot.com and here http://SpectrumResources.wordpress.com


“New Habits CAN Save Money”

July 8, 2009
As a credit risk assessment planner, of course my line of business brings me before individuals who have more month than money.  You know how it feels to feel closed in, borrowing from ‘Peter to Pay Paul’. You maybe sliding your money trying desperately to make ends meet before it starts all over again next month.  worried woman

You have tools to guide you and keep you on track, such as the debt to income ratios, and the debt to credit ratios.  These money management tools are helpful, but bottom line logic tells you that when you are using your credit cards to slide money because you don’t have the real cash,  you are in trouble !   There is no need for a mathematical formula to figure it out, the simple fact is that you don’t have enough money to cover your expenses.

We all live in a ‘cashless’ society and there is no ‘feeling’ of loss.  There is in place a very good marketing plan that motivates consumers of all ages to spend money without thinking.  But do think about it,  your income is automatically deposited to your checking account.  From the checking account you make purchases with your debit card.  Or you write checks or make payments online where the payments are auto debited from your account. And of course you have the ‘convenience’ of credit card purchases. WHEN do you ever really feel the cash flow ?  You don’t.  The mental stops are erased in a ‘cashless society’. Without seeing the stack of cash physically deplete you don’t make a decision to stop whatever you are doing wrong.  It feels good because you don’t see your money go down, or your debt go up. You experience emotionally only the good feeling of getting what you want.

So no matter what age, spending 50-75% of your income on debt can be an easy habit to develop.  ‘Habit’ is the key word here. Like any unhealthy habit, you can control it.  You Can Stop!  First you must realize the harm this bad habit does to you personally.  Then you must educate yourselves in the many ways you can make changes, then develop a personal plan.  And finally make a commitment to yourselves to follow the objectives in the plan to be successful.  No one can survive and be fiscally fit while spending 50-75% of your income on debt.  It might be a fun ride now, but the crash and burn part is not an experience many people enjoy.  Be healthy, take control of your money, learn how to become fiscally fit today.

Spectrum Resource’s mission is to teach you how you can live, manage and dictate over all your financial matters.  Please add our link to your favorites and come back often to http://SpectrumResources.wordpress.com and visit our sister blog: http://MoneySavingTips.PolkVoice.com or email us at SpectrumResources@tampabay.rr.com or call (863) 967-0660

 Help Us Help Others with a tax exempt donation to our financial education fund.  Our fund raiser is a book on daily money managent from local author Jan Shore titled “Hey ! Where’s My Money ?” for a $10.00  tax exempt donation.

Use the online check processor www.Checkman.com/pay4it/12985 or pay by money order mailed to: SRDC  2014 Brentwood Dr. Auburndale, FL. 33823