Sunday, November 11, 2007

les bébés domestiques

1 comment:

  1. Anonymous08:16

    How many times a day do you see a credit card logo on a cash register?
    Why do they still call them cash registers when they really want you
    to charge anyway? How much is spent in advertising to get you to spend
    what you don't have just because you have room left on your credit
    card? Maybe you thought that sale was just too good to pass up. Maybe
    you thought that you could handle the payments and maybe you could
    until...late fees, over-the-limit fees, the increase of your interest
    rate, you got sick for a week or maybe there was even a real

    Getting into debt is easy, just buy a few things that you can't afford
    to pay cash for and don't think about how many payments you're going
    to have to make before it's paid off completely. Getting into debt is
    fun; just go out to dinner and a show or away for a few days to make
    yourself feel better about the fact that you don't have the money to
    go out to dinner and a show or to get away for a few days. Getting
    into to debt can impress people. Don't drive around in something that
    you can afford to pay for, figure out how much you can squeeze out of
    your monthly budget, and if you don't have a budget even better just
    guess, then tell a car salesperson that you'd like to make 48 payments
    and see what you'll be driving around town in. The best part is you'll
    guarantee you'll be driving it to work for the next 1,460 days just to
    make the payments. Now that's impressive!

    Take the "How Did I get Into Debt Quiz". Pull out one of your credit
    cards and determine how much you owe on it. Now, quickly, what did you
    buy for all that money? I'll bet you don't know because you bought
    stuff. Stuff you may not even have anymore let alone still use or be
    able to identify. Now ask why do you use it at all? Be honest. How
    does "I want stuff I can't afford to pay cash for" sound? The
    Unexpected Event
    Many people get into debt because of unexpected events, events beyond
    their control. The most common of these are medical bills and job
    loss. And the most common causes are lack of affordable medical
    insurance and globalization. Not only are these problems beyond your
    control they also appear to be beyond the control of our political
    system so don't expect the problems to be fixed any time soon.

    Globalization, the process of businesses taking their money to far off
    countries to earn better returns, is not new. In the 1790s Benjamin
    Franklin Backe published a newspaper called the Aurora. In it he wrote
    that he believed that the merchants of the day were "men who know no
    country but that where they can make money," who "carry their capitals
    ships and our sailors to the country which will encourage them."

    The sad part, debt-wise, of having an unexpected event is that even
    though you didn't cause the problem it is up to you to fix it. So
    whether you're in debt because of an event or the "easy monthly
    payments" trap relax because I've got some good news. Getting out of
    debt is going to be even more fun than getting into debt was. I done
    both and becoming debt-free feels great. So if you're ready let's get
    started...but first let's discuss, Good Debt/Bad Debt and business
    debt. Good Debt/Bad Debt
    Much like cholesterol, where there is good and bad cholesterol, debt
    comes in two versions. It can be okay to take on debt in a reasoned
    way for a good purpose. In fact many people become wealthy by
    borrowing money to invest in business opportunities. They call it
    using other peoples' money. But my focus here is on how individuals
    spend their money on themselves. It's how you spend your money.

    There can be some very good reasons to take on debt. Financing
    education, for example, can be an admirable thing. If you go to school
    to increase your income potential, taking out a student loan would be
    a good thing. If you take out a $2,000 loan and you learn a skill that
    let's you earn an extra $5,000 a year, you'd be crazy not to take the
    loan. If you take out a student loan because you don't know what you
    want to do with your life and you don't want to get a job, well,
    that's not a good idea.

    For most people taking out a mortgage is the only way they'll be able
    to purchase a home. This could be considered good debt. Because of the
    way mortgage payments are structured with the first few years being
    heavily weighted towards paying interest and mere pittance going
    towards principle, it's a good idea to pay off even this good debt as
    soon as possible. Many wise financial minds teach that before
    investing in something that will give you thirty years of monthly
    payments it's better to invest in income producing assets first,
    something like rental property.

    Well, what about if there's an emergency? Maybe the plumbing broke, or
    you have a medical emergency. Well let's not be stupid about this, if
    its real emergency and the only way to pay for it is by taking on
    debt, then take it on. If you break your leg it's a good idea to take
    on the debt of a doctor's bill rather then waiting until you have the
    money to get the bone set. Personal vs. Business Debt
    There can be some big differences between personal and business debt.
    But it mostly depends upon how the business structure is setup. If the
    business is setup as a sole-proprietorship then there really is no
    difference between the business owner and the business, it is all
    considered one entity.

    If on the other hand the business is set up as a corporation then
    there is a vast difference between the business and the business
    owner, in this case the share-holders. This is true even if only one
    person owns all the shares. Legally the corporation is considered a
    separate entity and if the business has debt problems it doesn't
    translate to shareholder debt problems. That's why entrepreneurs like
    having their businesses in a separate legal entity.

    It's also why if you are considering going into business as a way to
    make more money to get out of debt it's a good idea to have the proper
    business structure. Is There Another Way?
    Even with good debt you want to think twice before taking it on.
    Taking a student loan to improve your employment situation is a great
    idea, good debt. But wait, before you take on debt ask "Is there a
    better way?" There are many sources of grants, and yes a grant is
    money that you don't have to pay back. So before you take the easy way
    and "Just sign here," do some checking to make sure there's not a
    better way. You need to be fully informed as to the terms and
    conditions of any loan before you take it. You should always shop
    around to see if there is a better deal, better terms or a way to
    avoid taking the loan out at all.

    One way to avoid having to take on even good debt is to plan in
    advance and save money on a regular basis. If you've been driving for
    a while you have probably had a flat tire. Because everyone gets a
    flat tire once in a while it couldn't really be considered an
    unexpected expense. Do you have money set aside for your next flat
    tire? Well, you should. If fact you should have money set aside that
    would cover a variety of "unexpected" expenses. If you do you can deal
    with life's little surprises without upsetting your monthly budget.
    You will have to pay yourself back but you won't be charging yourself
    interest or calling yourself at dinner demanding payment.

    So, yes, there is good debt under certain conditions, just be sure
    that you've investigated other ways of taking care of it before you
    sign your way into debt. And if you do take it on don't allow yourself
    to feel burdened by it. You did what you had to and you'll pay it off