What happens when my debit card is stolen – MPSOS158

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It is inevitable: Your debit card will be compromised some day. What happens when my debit card is stolen? Money will be taken out of your account Your bank may call you or you must call your bank when you find out The Zero Liability Policy will kick in The money will be returned to your account in short order Any insufficient fund charges will be removed by your bank You will be … [Read more...]

Can you really get by without credit

If you are seeing this

Can you really get by without debt? Would you want to? This was the question posed to me by the Money Mastermind Roundtable on July 10, 2014. I absolutely believe you can get by without credit - and it doesn't really matter if you want to or not. See the bottom of this post for a replay of the show and my thoughts on this topic. I pulled my credit score (really) In preparation for the Money … [Read more...]

Debt Freedom helped John Lee Dumas launch Enterpreneur On Fire

How John Lee Dumas makes money

How do successful people spend money? I’ve interviewed a few young men who are influential in the online community about how they handle money: Pat Flynn of Smart Passive Income, Dustin Hartzler from YourWebsiteEngineer.com, and now John Lee Dumas. Previously released interviews with successful people: Watch this video to see Pat Flynn’s answers http://MoneyPlanSOS.com/PatFlynn Watch this video … [Read more...]

PerkStreet issues checks to ex-customers of closed Perks program

PerkStreet issues Perks checks

Keep an eye on your mail this week. You may receive a plain white envelope from Wilmington, DE with some money you thought you had lost. PerkStreet is issuing checks to ex-customers of their closed Perks program. Flashback: August 12, 2013 PerkStreet, a subsidiary of Bankcorp Bank, left many customers wondering what happened when they announced that they would be closing their doors in September … [Read more...]

This video made me mad: $20,000 of donuts for a vacation in Miami

Are you really that gullible? Of course not, but they think you are! Credit card companies are certainly welcome to advertise their products, I don't have a problem with that. However, this commercial puts a big HUGE spotlight on their little rewards program without explaining what you are really getting: Debt. It's so misleading that it made me really mad and I needed to do something. … [Read more...]

How To Have A Great Vacation Without A Credit Card – MPSOS156

Vacation without a credit card

You don't need a credit card to travel. Our culture, and the credit card industry, says that you need a credit card to have a great vacation. I am here as a living testimony that you can travel - and save money - by using a Debit card, cash, and good old-fashioned paper checks. We just returned from a GREAT vacation without using a single credit card. I have also found some ways to save money … [Read more...]

Message Monday: Should I tithe while paying off debt?

tithe while paying off debt

We need to be laser-focused on paying off debt. Take every penny you can find and pay off debt. Sell some stuff, work extra, and spend as little as possible to pay off debt faster. My advice for starting a get-out-of-debt plan is to: Stop contributing to retirement plans Stop all savings except for gathering $1,000 in the bank for emergencies Don’t spend money on non-essentials and … [Read more...]

10 Ways We Pay Attention To Money – MPSOS155

How we pay attention to money

If you don't pay attention to your finances then you'll find yourself in overdraft and/or debt. I'm not asking you to spend an hour a day on your budget but there are times we need to pay attention to money. Here are 10 ways we pay attention to money and how often we review them: 1) Check budget categories BEFORE SPENDING Want to blow your budget? Don’t check your available balance. Want to … [Read more...]

Why I’m horrible at paying attention

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I'm rather embarrassed to admit this but if you read this blog or listen to my podcast then you need to know: I'm horrible at paying attention. Does that change your view of me? I hope it doesn't. The reason I teach (and preach) so much about paying attention to your finances is because I know first-hand what happens when I don't pay attention to my own! I've taken $40 too much out of my … [Read more...]

10 Steps to Improve Attention and Cash Flow – MPSOS154

Improve attention and cash flow

It had been a hectic morning. I recorded two interviews before leaving for the airport but I made it to the terminal with plenty of time. About 100 passengers ahead of me were being rushed as their flights were affected by weather but I had plenty of time. No reason to panic - I've done this dozens of times: Print boarding pass Check a suitcase Head towards security Have ID and boarding … [Read more...]