Help Debts

Posts Tagged ‘Stocks’

www.finance101now.com Some of the principles behind consolidating your debt explained.

I have credit card debts equal to 15% of the value of my 401k. I can take a loan from my 401k and pay it back over 5 years at 8.5%. Currently my credit cards have a rate 3-5 percentage points above that. I am 30 years old and contribute the max to my 401k. My feeling is that I might as well be paying the interest to myself instead of to the credit cards. Also I am 25-30 years away from retiring. I can use the money I save from paying my credit cards each month and start a Roth IRA and/or invest it in mutual funds and stocks as well as college plans for my daughter. I also have money in mutual funds that I could liquidate to pay my credit cards. What do you think is the best option? I figure I am young enough where this is a good option because I know you really are not supposed to use your 401k for loans

I am currently 35yrs old and would like to invest about k into some kind of stocks. I know there is a recession which in my mind means eventually all the stocks will bounce back. Granted there is no guarantee but it’s most likely. I am currently debt free so this is money that I do not need in another aspect of my life. I come from a very poor family so there is no rich relative to get advice from. If I were to ask my family about this they most likely would say to give it to them or hide it under my mattress! lol So any help would be greatly appreciated.
I do not have a 401k at work I am in the military and I am contributing to my TSP. I am already saving for my daughters college fund which has been 0 a month since I was 5 months pregnant (she is now 11yrs old). Also I have no mortgage since I do not own a home and I live in Germany. So at this point this money is literally gathering dust.

Getting credit-card debt relief starts with the ability to set up a good budget and paying down credit-card balances. Discover other ways like dipping into savings or doing credit-card balance transfers to eliminate debt with tips from a financial planner in free personal-finance video. Expert: Julie Asti, CFP Bio: Julie Asti works as a financial planner for Asti Financial. Filmmaker: Bing Hu

Please take the time to rate this video. The scammers are trying to scare you into using a credit card www.kiplinger.com Joan GoldWasser jgoldwasser@kiplinger.com Questions for Joan: What happens if Im late when I use my credit card? What if I spend more than I can pay off? If I pay for things with the money I have, do I still get to have the banks financially rape me with interest and fees? Dollar www.breitbart.com The dollar is being dumped right in front of our eyes bloomberg.com Fundamentals for our economy are getting even worse www.usatoday.com The truth globaleconomicanalysis.blogspot.com youtube.com/user/Victoryindependence Stocks Silver youtube.com/user/stellaconcepts Economic data and let off some steam youtube.com/user/walstreetpro2 Economic updates youtube.com/user/Kittenkattan Economic updates youtube.com/user/davincij15 Raw News that the media wont touch youtube.com/user/inflationus Economic updates youtube.com/user/DEMCAD macro-economic updates (INFLATION) youtube.com/user/jberni1

I’m 23 and will be debt free in a few months; did some stupid stuff with my money in the past. I’ll have a little over 0 savings after I pay my bills which includes entertainment and etc. That’s like 33% of my income.
How much should I use from that to invest?
How about stocks, mutual funds, forex, and etfs?
Real estate sounds like a hassle so I don’t think that I’ll touch that unless you guys say otherwise.
Tips and advice appreciated..
Thanks.
How about a house?
I currently rent at an apartment.
Sorry, I meant that I have 0 leftover every month for savings…

A few people that I work with have outstanding student loans to pay off.
Can they legally buy stocks, then sell them, to help pay off the debts?