Comments on: Two Financial Goals – Less Debt, More Income http://cashmoneylife.com/2008/12/02/key-to-financial-success-less-debt-earn-more-money/ Money Management, Small Business, Career Thu, 11 Mar 2010 21:45:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan http://cashmoneylife.com/2008/12/02/key-to-financial-success-less-debt-earn-more-money/comment-page-1/#comment-15725 Ryan Fri, 12 Dec 2008 03:55:33 +0000 http://cashmoneylife.com/?p=1164#comment-15725 <strong>Melissa: </strong> I think that all depends on the situation at hand. Many people are high performers and are extremely profitable for their company or they have a specialized skill. Many companies would much rather give a worker a raise than allow a skilled or profitable worker go to a competitor. Melissa: I think that all depends on the situation at hand. Many people are high performers and are extremely profitable for their company or they have a specialized skill. Many companies would much rather give a worker a raise than allow a skilled or profitable worker go to a competitor.

]]> By: Melissa http://cashmoneylife.com/2008/12/02/key-to-financial-success-less-debt-earn-more-money/comment-page-1/#comment-15723 Melissa Fri, 12 Dec 2008 03:50:02 +0000 http://cashmoneylife.com/?p=1164#comment-15723 I dont think anyone should ask for a raise in these economic conditions. I dont think anyone should ask for a raise in these economic conditions.

]]> By: Ryan http://cashmoneylife.com/2008/12/02/key-to-financial-success-less-debt-earn-more-money/comment-page-1/#comment-15621 Ryan Sat, 06 Dec 2008 19:31:58 +0000 http://cashmoneylife.com/?p=1164#comment-15621 <strong>moneygardener: </strong>I couldn't agree more. That is why I am trying to grow my alternative income as well as my salary at my day job. I'm also reading books and websites about dividend income, which is one area I want to start getting into in the near future. Right now I'm still taking baby steps. :-) moneygardener: I couldn’t agree more. That is why I am trying to grow my alternative income as well as my salary at my day job. I’m also reading books and websites about dividend income, which is one area I want to start getting into in the near future. Right now I’m still taking baby steps. :-)

]]> By: the moneygardener http://cashmoneylife.com/2008/12/02/key-to-financial-success-less-debt-earn-more-money/comment-page-1/#comment-15618 the moneygardener Sat, 06 Dec 2008 16:22:05 +0000 http://cashmoneylife.com/?p=1164#comment-15618 Alternative income is awesome and most people can likely think of ways to make sustainable alternative income throughout their lives. Growing this in tandem with growing your employment income is a great way to earn more money as we age. Alternative income is awesome and most people can likely think of ways to make sustainable alternative income throughout their lives. Growing this in tandem with growing your employment income is a great way to earn more money as we age.

]]> By: Bill http://cashmoneylife.com/2008/12/02/key-to-financial-success-less-debt-earn-more-money/comment-page-1/#comment-15530 Bill Wed, 03 Dec 2008 08:07:35 +0000 http://cashmoneylife.com/?p=1164#comment-15530 You hit the nail on the head concerning the need to create and maintain a budget. The first budget I ever did showed me that I had a $400/month surplus that I was spending on non-essentials. Would you pay yourself $400/month to create and maintain a budget for you? You hit the nail on the head concerning the need to create and maintain a budget. The first budget I ever did showed me that I had a $400/month surplus that I was spending on non-essentials. Would you pay yourself $400/month to create and maintain a budget for you?

]]> By: Ryan http://cashmoneylife.com/2008/12/02/key-to-financial-success-less-debt-earn-more-money/comment-page-1/#comment-15526 Ryan Wed, 03 Dec 2008 04:37:57 +0000 http://cashmoneylife.com/?p=1164#comment-15526 <strong>Craig: </strong>It sometimes takes a lot of work to generate reliable additional income, at least of a passive or semi-passive nature (such as an online business or website). You can always work a part time job, but that is just trading time for money. It's fine for a short term goal, but you'll have better returns in the long run if you build an asset. <strong>Frugalgrad: </strong>It's never cruel to say no when you have a reason. Taking on too much debt can harm you and your family much more than a few little gifts. The important thing here is communication. Let your family know as much of your situation as you are comfortable sharing, and let them know how important it is for you to stay out of debt. They will understand, after all, they are family. Craig: It sometimes takes a lot of work to generate reliable additional income, at least of a passive or semi-passive nature (such as an online business or website). You can always work a part time job, but that is just trading time for money. It’s fine for a short term goal, but you’ll have better returns in the long run if you build an asset.

Frugalgrad: It’s never cruel to say no when you have a reason. Taking on too much debt can harm you and your family much more than a few little gifts. The important thing here is communication. Let your family know as much of your situation as you are comfortable sharing, and let them know how important it is for you to stay out of debt. They will understand, after all, they are family.

]]> By: frugalgrad.com http://cashmoneylife.com/2008/12/02/key-to-financial-success-less-debt-earn-more-money/comment-page-1/#comment-15522 frugalgrad.com Wed, 03 Dec 2008 00:04:21 +0000 http://cashmoneylife.com/?p=1164#comment-15522 It really makes my heart ache to see a credit card statement on one hand and the list of Christmas gifts my family expects of me. I have been disciplined enough to reduce all of my credit card debt to a more comfortable level but if I decide to make every one happy this holidays, I will be in a hole again. What a dilemma. May be sometimes you just have to say no, but is it too cruel? I mean it's Christmas for God's sake. It really makes my heart ache to see a credit card statement on one hand and the list of Christmas gifts my family expects of me. I have been disciplined enough to reduce all of my credit card debt to a more comfortable level but if I decide to make every one happy this holidays, I will be in a hole again. What a dilemma. May be sometimes you just have to say no, but is it too cruel? I mean it’s Christmas for God’s sake.

]]> By: Craig http://cashmoneylife.com/2008/12/02/key-to-financial-success-less-debt-earn-more-money/comment-page-1/#comment-15520 Craig Tue, 02 Dec 2008 20:01:51 +0000 http://cashmoneylife.com/?p=1164#comment-15520 I know we've spoke about this before but the extra income stream is huge, and killing me that I can't be part of that right now. I really hope that over time I can save and invest in a small % of an online company to make a little extra. Anything helps. I am trying to save this holiday season and nightlife is expensive. I realized I think I need an emergency fund for an emergency fund. There are so many little stupid spendings that come up that I don't anticipate but it adds up quickly. For example, a parking ticket, friends bday. Those little things add up. I know we’ve spoke about this before but the extra income stream is huge, and killing me that I can’t be part of that right now. I really hope that over time I can save and invest in a small % of an online company to make a little extra. Anything helps. I am trying to save this holiday season and nightlife is expensive. I realized I think I need an emergency fund for an emergency fund. There are so many little stupid spendings that come up that I don’t anticipate but it adds up quickly. For example, a parking ticket, friends bday. Those little things add up.

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