Free Credit Report Repair Guide

A growing trend that is not only effecting non-military personal now is starting to make an effect on those that can now serve. More and More military personal are racking up too much debt and are then unable to serve. They are considered a “risk”. The Pentagon says the debt load over 30% of their income can make them vulnerable to bribery and treason.

Is this a deliberate attempt to get out of serving? “While the number of revoked clearances has surged since the beginning
of the Iraq war, military officials say there is no evidence that
service members are deliberately running up debts to stay out of harm’s
way.”

Thousands of U.S. troops are being barred from overseas duty because they are so deep in debt they are considered security risks, according to an Associated Press review of military records.

Troops’ debt a growing security concern - Yahoo! News

technorati tags:military debt, too much debt, deep in debt

I agree with this article. If you are carrying high rate credit card debt then you should focus on getting rid of that first and then take on the mortgage. Some cards are as high as 30% so get rid of them!!!

Many homeowners dream of the day when their mortgage is finally paid off. They look forward to not making any more house payments and having the satisfaction of owning their home free and clear. Some homeowners try to use aggressive tactics to pay off their mortgage–tactics like having a 15-year term on their fixed-rate mortgage or a bi-weekly mortgage.

Find Real Estate News, Mortgage News, Home Loans and Homes for Sale on Yahoo! Real Estate

technorati tags:credit card debt, mortgage

As reported by MSN money the top 5 costly addiction are:

Alcohol: with an annual cost of $166 billion.

Smoking: With an annual cost of $157 billion

Drugs: With an annual cost of $110 billion

Over eating: With an annual cost of $107 billion

These numbers are amazing. The amount of money Americans spend on the top five could compete with the GDP of smaller nations.

When looking to increase income or pay off debt try cutting down on alcohol and cigarette.

Despite growing publicity about ’soft’ addictions, drinking, smoking, drug abuse, overeating and gambling still are the most costly to society.

The 5 most expensive addictions - MSN Money

technorati tags:Alcohol, Smoking, Drugs, Over eating, addiction

A new Forbes survey shows which cities are doing the best to build wealth.

On page two they give a listing of how your city ranks. Also one of the most telling items in the article is this comment: “What do the best-performing cities have in common? Low debt.”

This makes sense. When people have debt they are less likely to build wealth. So if you don’t want to move, then work on reducing that debt and then you will be in a position to build wealth.

A new survey shows which American cities are doing the best job of building wealth. The index ranks the top 500 markets based on their residents’ investing and personal savings behavior.

Where the money is — MSN Money

technorati tags:Need Money Move, debt, money, Forbes