Best Credit for New Businesses

It is no secret that self-employed and freelancers find it particularly difficult to get credit. Many banks do not even offer credit for business but exclude this target group from the outset. Only a few bank such as the Tinerbell, Malfoy or the Gandalf offers a loan for traders. Where the Gandalf selects among the traders only very specific industries, which are given the opportunity to get a loan for self-employed. So, when it comes to a...

Credit Cards Are Dangerous: The Psychology Of Paying With Cash

Over the years I’ve discovered that knowing how to manage your money is only 20% of the picture. The biggest part, by far, is the mental battle. If I could sit down with you for 1 hour, I could teach you everything you need to know to budget your money, pay off debt, invest and save for retirement. It’s not conceptually difficult. What is difficult is living out that plan over the next year and the next 5 years and the next 20 years. A Cash...

How To Deal With Creditors When You Cant’t Pay

Despite the harsh lessons that were taught to us by the Great Recession, it seems that we haven’t quite gotten the message about the dangers of overleveraging – spending beyond one’s means. U.S. consumers began 2011 by paying down nearly $33 billion in credit card debt during the first quarter of the year, according to a Card Hub credit card debt study, yet completely erased this pay down by the end of the third quarter. While the final...