The current picture of American financial health is a bleak one. According to the latest data from the federal reserve, Americans hold over $999 Billion in credit card debt and $2.8 Trillion in consumer loan debt - with $1.17 trillion of that in auto loan debt alone. The average American family is living paycheck to paycheck, meaning that they are only one missed paycheck away from losing almost everything. This probably stems from the finding that only 32% of American households actually have a budget! It's insane that only 1 in 3 families tell their money where to go while the other 2 families are ruled by their paychecks.
Hey Everyone! We at ThirtynFree would like to present our first guest post! The honor goes to James Paul over at BasicFinanceCare.com. Enjoy!
I know I'm not the only entrepreneur on this planet who gets the bulk of their motivation from rap and hip-hop... I know it! The way that some artists are able to orate their struggles from rags to riches is inspiring. They all seem to outline that a little faith and hard work goes a long way on the road to success. Check out 8 of my favorites below!
The 'D' Word
Ahh the 'D' word. Definitley one of "those words" most of us try our best to avoid. On the other hand, there are folks who love and live by The 'D' Word. There are those who even swear by it! You'll hear it thrown around a lot in discussions from budgets and saving to exercise and dieting - mostly by people we look up to and who have our best interests at heart.
With the new year right around the corner and all of the good habits, traits and resolutions flying around I thought it'd be the perfect time to remind us all that some of the pre-conceived "negative" traits aren't all truly bad. When striving towards goals, some bad habits can not only be beneficial - they are also vital. Today I'd like to talk about the 4 which I think are the most important.