Zifit.org – Thoughts on Stuff

November 19, 2007

Don’t Let Credit Card Debt Get You Down

Filed under: Finance — info @ 4:45 pm
Almost everyone carries some kind of debt, but then, all debt are not created equal. There’s good debt ( buying an appreciating asset such as a house) and bad debt (taking on consumer debt, such as numerous credit card balances). Paying off credit card balances at high interest rates will put a strain on your finances if you don’t establish personal guidelines. What’s more, increasing consumer debt has a debilitating effect on your overall net worth.
There are many great reasons to consider debt relief when it comes to credit card debt. Credit cards, with their huge interest rates and over the top fees, can cause already accumulated debt to increase in a very short period of time. The compound interest used by many credit card companies can turn an already huge problem into a larger and seemingly impossible to fix situation. Sometimes, do to this, credit card consolidation through a debt relief agency may be the only option outside of BK for a person in debt trouble.

Lowering interest costs is a great reason to do a credit card debt reduction, but it isn’t even the best reason. At lower interest rates, your debt grows more slowly while you pay it off, so you end up paying it off much faster. The faster you pay off the debt, the faster you can begin a to live debt free.

November 16, 2007

Business Credit Cards

Filed under: Business — info @ 2:09 am
For the first year of business I used my personal credit card to pay for business expenses. At first this was ok since there weren’t so many charges but after the first year the charges started stacking up. That’s when my business started to grow and I knew I had to do something about it. That was then I decided I needed to look into business credit cards. My accountant was going crazy with trying to sift through all the receipts. It’s really hard when there was so many personal and business expenses mixed together.

I did lots of research to find out which credit card would be best for me and my business. There are so many things to consider like APR, airline miles, cash back, hotel points or buyer points. I was really torn between the airline rewards cards and the cash back cards. The airline one would be great and I could use the free tickets for family vacations but getting cash back is nice too. So many to choose from but when it comes to it, I thought it would be best to get cash rewards credit cards. At I know that when I use it I can get money back and reinvest that money into my company.

November 8, 2007

What the Buck

Filed under: Music — info @ 2:08 pm

Here is another great video from Michael Buckley AKA ‘What the Buck’ Michael and I worked together a little bit on some promotions we ran last year. If you have never seen Michael’s youtube videos you are in for a treat.

http://www.youtube.com/watch?v=uDiiViMZ9h4

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