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Posts Tagged ‘economy’

risetosuccess.com Dani Johnson’s Spiritual Equipping for Your Personal and Professional Life How To Become UNSTOPPABLE During The Current US and Global Economic Crisis! In this video you will discover: * How to ‘Recession-Proof ‘ your life in the midst of the economic storm * The secret to getting everything you’ve ever wanted in life * Financial laws that will eliminate your debt * How to deal with the rising cost of everything * The way to become one of the “remnant God is raising up from ashes” You may not have been able to get yourself here this weekend to Detroit for Danis 2 day First Steps To Success seminar, but I have a special surprise for you! Dani is going to be giving a Spiritual Equipping message this Saturday night that will inspire you, encourage you, uplift you and show you how to become UNSTOPPABLE during the current US and global economic crisis. If youve ever been to one of Danis weekend events and have participated in her Saturday night optional Spiritual Equipping sessions, then you know how powerful these biblically based sessions can be. You also know how these sessions can dramatically impact your personal, spiritual AND financial results as well.

For the past several months, it seems like every time I check the news I can count on seeing at least one article about how to handle lay-offs, cope with high gas prices, or manage your spare cash down to the last penny.

With so many people already buried in mountains of debt and multiple massive-scale company lay-offs, it is a scary world to be going into (I am about to graduate from high school and college is going to leave me severely in debt… and what if I can’t even get a job to pay it off?)

I know that the economy has gone through this before, but I wasn’t alive to see it happen. I don’t understand what it looks like to go from an economic peak to a trough and back again.

So I guess my question is… how do you think this is going to play out over the next few years? Is it going to get worse, better? Does the situation depend on what our dearest leaders decide to do about it? The whole ordeal has me feeling very confused and lost… any insight is greatly appreciated.

Watch the full version here: www.youtube.com The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. Crisisofcredit.com JonathanJarvis.com

The economy isn’t as strong as you think it is! What are you doing to stay prepared? **UPDATE** We’re upping the anti because this is about to get serious. I’m now calling for a 00 emergency fund before you start your debt reduction plan. We’ll also pay you to set up this emergency fund online! More info at thisiswhyubroke.com The more debt and interest you continue to pay the rougher it is going to be for you this summer. Its time to start knocking out your debts and building an emergecny fund! Effective Brass Knuckle debt elimination involves 6 important steps: 1. Stop acquiring new debt of any kind. 2. Live like a college student 3. Establish a 00 starter emergency fund. 4. Start plugging away at your debt snowball plan with a vengeance. 5. Build up a full emergency fund with 3-6 months of fixed expenses. 6. Finish your debt snowball plan and celebrate like a rockstar! More info at: brassknucklefinance.com http ‎”Wealthy people handle their money as if they will have none next year. Broke people handle their money as if their incomes will double -then they take out loans to prove it.”

My wife went to law school, and took out a ton of debt. some public (perhaps K), some private (about K — which is the reason for the suit). Well, she became unemployed in March 2009. Stupid move. We wanted to relocate to a better economy. Well, we came back to former city in late 2009 and have been shacking up w/ her folks ever since. We’ve had our first child. I am in the middle of trying to start a business and literally just paying for the business right now. She’s hoping to get back to full time work here pretty quickly. She’s got a couple of possibilities on the table. Well, we’re in TN and her law school was in Calif. A law office in Nashville is operating as a collection agent for this private debt. The original loan company wouldn’t hardly work with my wife through the unemployment, and for the past two years, the only employment she’s had is seasonal tax assistance work. Less than K per year. Our annual income is ridiculously low.

This lawyer has filed suit against my wife and now we don’t know what the hell to do… (IF SOME OF YOU THINK THAT JUST BECAUSE MY WIFE IS A LAWYER SHE SHOULD BE ABLE TO HANDLE THIS… , PLEASE TAKE NOTE, MY WIFE HAS NO EXPERIENCE IN BANKRUPTCY AND DEBT COLLECTION SUITS… SO IT’S NO DIFFERENT THAN A FAMILY PRACTICE PHYSICIAN PERFORMING A BRAIN SURGERY OR HEART TRANSPLANT. THERE’S NO CONNECTION THERE.).

She’s being sued, and it’s not like we’re sitting on any cash. What little cash she has (less than K, she’s trying to get back in good standing with the bar association since she’s been absent for a couple years… and now… this bullcrap hits. I didn’t make the economy go south, and neither did any of you folks… so be kind in your response. I don’t need a lesson on ethics… the world literally fell out from beneath a lot of people and if you’re one of the lucky folks not to get situationally screwed, consider yourself fortunate and try not to be judgmental. We didn’t plan for this to happen. And we feel awful about it.

My question I guess is, for any of you lawyers that know bankruptcy… I’m well aware that student debt cannot be discharged by standard bankruptcy proceedings, although there is possible statutory law that was introduced in April 2010 (don’t know if it passed) which can, in certain circumstances – as I understand it – make it easier to discharge private student debt, but I’m uncertain how to go about finding out what part of that legislation might apply to my wife.

Anyway, what is the likely outcome of this? Would a collection attorney really put up money to sue us for essentially nothing? You know the old adage "You can’t squeeze blood out of a turnip." ?? Or do they just want to solicit personal information from us so that they can verify that my wife hasn’t actually been intentionally stiffing anyone… she’s just been legitimately underemployed and unemployed?

Thanks for the help.

Kathryn talks about Student Debt in the UK and how to get free debt advice from Insolvency Helpline

I had been at my former position for almost 9 years. When the economy went bad the cmopany laid off 80% of their employees and I was one of the last. The former company definitely had personalites and politics that you had to dance around but it was a much larger company and I was in a more senior role. Now I am working as an executive assistant running all the business administration for a group and directly supporting a demanding scattered narcissistic boss. What’s more is the office is small very gossipy and has extremely difficult people in every position. I have only been there 6 months and I dread going in. I really feel daily like it has tapped the energy from me and I find myself wanting to drink several glasses of wine. The problem is the money is great in this economy and I had been jobless so went into debt. Any suggestions of how to tap dance in this thing while not losing your mojo? I only need to stay there for another 6 months until I feel I could take something that pays less.