Wealth Builder University Blog

Debt Can Be Bad for Your Health

I didn't expect to find an article about the health risks of debt on www.webmd.com .

Check it out.  I has some practical suggestions on getting out of debt

"Debt Can Be Bad for Your Health"

"Worrying about debt may keep you up at night, but it can also affect your health, leading to stress-related illnesses."

Have a great week.

Alex Weiss, co-founder
www.wealthbuilderuniversity.com

Spending Habits That Lead To Debt Overload

LaToya Irby's column on credit and debt management at About.com is simple - but simple doesn't mean 'unimportant'.

I wasn't going to comment on it until I re-read her first paragraph.

"Debt isn’t something that just happens as you go about your daily routines. There are certain spending habits that lead to debt. Recognizing these habits now could save a lot of money and stress later."

The part about saving a lot of money and stress later, made it worth my time. Click on the link and check it out. You might feel the same way too.

Alex Weiss, co-founder
www.WealthBuilderUniversity.com

Credit Card companies becoming nicer?

It's Sunday afternoon and I am catching up on my email newsletters.

Greg Moore's newsletter is one of those I subscribe to. He is the author of the Wealth Building System
'DebtIntoWealth -- Lessons from My Journey to Debt Freedom'. Greg was introduced to me by one of the nicest guys in a tough field - helping people get out of debt - Dave Ireland.  Dave started a company 15 years ago, 'Invest in  Your Debt' and has personally guided me around many of the  dangerous and unscrupulous companies in that industry.

Greg wrote about the new credit card called the 'Purity Card' :

"Now you can get a No Annual Fee, No Overlimit Fee, No Late Fee, No Balance Transfer Fee, No Cash Advance Fee, 9.99% Fixed credit-card".

WARNING:  Don't judge this book by it's cover!

Here's what Greg had to say. (Let me know if it scares you too.)

"True, there aren't any penalty fees for being late, for example, but being late triggers their Penalty Interest Rate. That fixed 9.99% rate will skyrocket to a whopping 31.82%!"