Repair credit fast strategies include unexpected “lottery,” showing you how to wake up one morning to $70,888 in your bank account without unnecessary pain & suffering.
- My wife and I saved $70,888 during my 16-year high school teaching career
Some people suffer ugly credit by no fault of their own.
They get hit with a medical emergency that’s not covered or barely covered by health insurance.
Suddenly, their A+ credit flushes away and they discover the ugly side filled with debt collectors, credit disrepair companies and/or credit reporting agencies that ignore legitimate disputes.
This is what some people encounter…by no fault of their own.
Other people live outside their means, live off plastic & borrow from Peter to pay Paul.
…until their “luck” runs out.
Life’s Ugly Credit Reality
Then, they too discover life’s ugly credit reality.
Some of these people cry to me about losing job opportunities or promotions because of credit problems – and they didn’t believe employers actually check credit.
They also tell me they overpay for security deposits & all types of insurance.
And then some people (shockingly) cannot even believe they can’t grab a $1.00 DVD out of a Redbox vending machine at WalMart – credit cards only and they don’t even have a secured card.
For people fortunate enough to grab reality by the neck – without complaining, whining or playing “pity me” – they work to improve their credit and live within their means.
The 10% Rule
One suggestion I offer once you get your credit and spending under control is to INVEST safely 10% of your gross income. Have it deducted each pay period automatically. You should be able to average 6% ROI.
It’s amazing how quickly your money will grow as my wife and I discovered even back when I was teaching high school kids and earning a whopping $40,000 /year + $10,000 on a 2nd job.
Each pay period (i.e. every 2 weeks, I had an additional $208.33 with held from my check). Never missed it because I never had the chance to spend it. My wife and I simply adjusted our lifestyle on the money we had available.
Nothing special about that.
We didn’t live eat $100 dinners or don expensive jewelry or clothes or drive Lexus/BMW/Mercedes/etc or live in big 2-story mansions. We lived within our financial means.
$600,000 Screw-Up
Now, before you think I’m preaching or pretending I’ve made all the right decisions, I quickly will remind you I am the fool who LOST more than $600,000 in real estate investments and loans to people who wrote me off in bankruptcy quicker than they could say, “See ya later, Sucker!”
So there, you won’t get any preaching from me. Some things I do well and others I clearly have no business attempting. You’d think 16 years as a high school teacher and coach before going full time in real estate and helping business owners make more money using the Internet would give me some biz smarts.
Well, I guess not….
To create your own “lottery” the strategic way (instead of wasting your hard-earned money on lottery tickets where odds are greater you’ll be struck by lightning 2x in one week) go to http://www.nytimes.com/interactive/2010/03/24/your-money/one-pct-more-calculator.html
PLEASE go below & ask a question, make a comment or share your experience. Do you put money back, even if you don’t make much money and struggle to make end’s meat? What sacrifices do you make or have you made to be financially secure? Don’t get me wrong, I know perfectly well that this Great Depression was not predicted. I NEVER saw this crash coming. Please share good experience – I need to hear one.
Repair credit fast strategies exist on this website. When ID Thieves threw me to the wolves years ago, I fought back – I regained my good credit but not over night and not without many sleepless nights. I know what it’s like to face big, bad debt collectors who don’t care about you. They just want your money…period. They lie, cuss & threaten…or so that’s my personal experience. I had to learn the hard way about my rights and how to stand up to them while clearing my name from whoever threw me to the wolves. When it comes to good credit, it also means you are living within your means or an unexpected emergency will change your credit “overnight.”
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