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    • CDTV Launch! March 30, 2011
        Credit Dusters has just launched our interactive television show. The network is called CDTV and it will start out with a daily show about all things credit. You can go there now…tv.creditdusters.com.
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      It seems strange considering my profession.  I recently pulled a copy of my credit report through the credit watch service  I am a member of.  I needed to purchase a car so I wanted to see where my scores stood and shop for the best interest rate.  To my surprise I had purchased a brand new […]
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    • Loan Modification – The Best Chance for Success April 30, 2008
      This week we are discussing a painful, but important situation that a lot of American consumers are facing. It is so scary to think that you might lose your home, but we want you to know that there is hope. We want to be a resource to those folks because we have been there and […]
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    • Beauty in Simplicity Chapter IV – The Final Verse April 25, 2008
      My family lives in a small, rural town in Southern Indiana. We are surrounded by a soy bean field with hundreds of sprawling acres across the street and a large lake that adjoins our property in the back. Sounds nice, right? Why am I so discontented?What is it that continues to drive me toward always […]
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    • Beauty in Simplicity Chapter III – The Endless Road April 24, 2008
      I began writing about the subject as a result of my daughter and I going on a field trip to our county 4-H last week. All the modern day farmers talking about raising chickens, cows, rabbits, and living off the land made me yearn for a life like that. This is my journey…The truth is […]
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    • Beauty in Simplicity Chapter II – What’s in the Box? April 23, 2008
      In his book, Halftime, author and successful businessman Bob Buford comments on the purpose of money in the following manner: Mike Kiami is a strategic planning consultant. He is brilliant. He is intuitive. He is demanding. He slices through all the pretense and posturing, and hones in on the core. He does not believe in […]
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    • Beauty In Simplicity – Chapter 1 April 22, 2008
      “Stop this train, I want to get off!” – Vanilla Ice Yesterday I touched on the fact that I am soul searching for the simple life. My wife and I used to think the Amish had the answer. I now know, as I mentioned, that I do not have to buy a farm and work […]
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    • A Rabbit Meat Shortage, The American Consumer, and Something About The Simple Life April 21, 2008
      I went on a field trip with my 3rd grade daughter this past week to our county 4-H. I learned a lot about farm animals. It was quite amazing because I saw the farmer of today and even with all the modern technology, (like a $280K combine that has a stereo, GPS system, and two seats) it […]
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    • How To Not Blow Your Tax Refund April 2, 2008
      In my previous post I wrote about the importance of filing even when you owe. Today I am going to give some helpful tips on preparing for your refund. Whether you are getting $500.00 or $5000.00 it is human nature to spend your money two or three times before it even hits the bank. I would encourage […]
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    • How To Proactively Protect Your Identity March 26, 2008
      Freecreditdusters.com has a great article on ID Theft – Check it out
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Beauty in Simplicity Chapter III – The Endless Road

I began writing about the subject as a result of my daughter and I going on a field trip to our county 4-H last week. All the modern day farmers talking about raising chickens, cows, rabbits, and living off the land made me yearn for a life like that. This is my journey…The truth is that money gives you options. This truth infects all of us. My son who has birthday money, runs around Wal-mart like a tycoon, my kids demand a family vacation when summer hits, and I want to be blogging on the beach. Beach Blogger? It has a nice sound!

So there is no doubting the power of money. It is intoxicating when you have it and frustrating to the point of madness when you don’t. So, what is wrong with money? There is nothing wrong with money – It is the incessant need and desire for it that is the problem.

If we are really honest with ourselves, we believe money gives us a life without worry. Yet we exchange the lack of worry for something much more sinister and that is a lack of satisfaction. When we have money we have so many options that we are no longer satisfied with what would have blown us away before. I have found that to be the case in my own life. Suddenly the Honda Accord (which is a great car) pales in comparison to a BMW. Why? You could say performance and better handling, but the truth is that we want more than we can really afford. We are always pushing the envelope.

This is why I am struggling so deeply with the concept of simplicity. I secretly do not want to be simple because then no one will notice me. My wife and I own a business so there is a certain perception with that. We get the questions like: “Did you guys move?” “I saw your new car! (It’s not new, except to us.)”

The truth is we are dealing with the same issues that every new, small business struggles with. Survival is the word of the day. Perception is everything though. So we continue down the road – choosing the one less traveled and wondering if we made the right choice.

 

Beauty in Simplicity Chapter II – What’s in the Box?

In his book, Halftime, author and successful businessman Bob Buford comments on the purpose of money in the following manner:

Mike Kiami is a strategic planning consultant. He is brilliant. He is intuitive. He is demanding. He slices through all the pretense and posturing, and hones in on the core. He does not believe in God but I can testify that – at least in my life – God worked unmistakably through Mike Kiami.

I went to Mike because I wanted him to do for my life what he does so well for business: Draw up a strategic plan. I needed him to show me how to live so I was not plagued by a growing sense that I was missing out. I was not sure what I was missing, and I wanted him to tell me.

I went to Mike with tons of questions: What should I do with my life? How could I be more useful? Where should I invest my time, talents and treasures? What is the overarching vision that shapes me? Who am I? Where am I? Where am I going? How do I get there?

In this blizzard of wonderment, Mike asked me a simple, penetrating question: “What’s in the box?” This from a high paid strategic planner?I didn’t have a clue as to what he was getting at and asked him to fill me in.

“I can’t put together an honest plan for your life until I identify the mainspring. I’ve been listening to you for a couple of hours, trying to figure out what’s in your box. It’s either money or Jesus Christ. If you can tell me which one it is, I can tell you the strategic planning implications of that choice. If you can’t tell me, your going to bounce between those two values and be confused.”

No one had ever put such a significant question to me so directly. And he was right. I was highly motivated to serve Jesus, but I also was driven to be financially successful. I believed the two went hand in hand and in a way they do. But the reason I had such an unsettled feeling deep within was that I had tried to put two things in my box.

 

What To Do When Your Income Drops – Part II

One of the beautiful caveats to being broke is that it makes you creative. The painful jolt of your dire situation makes you feel so alive. You are aware that something has to change. You can’t pretend a money fairy is going to come and sprinkle gold dust on you. If things are going to be different then YOU are the only one that can do something about your situation. Its all you!

I worked a full time job and delivered pizza six nights a week for six months. Was it hell? Absolutely! But it kept me from losing my house which was already in Foreclosure.

We as American consumers are so lazy. I coach people that are going through hard times everyday and the moment I mention a second job the excuses begin before I finish.  

“I can’t work a second job we only have one car!”

“It would not be worth it for me to do something like that. I can’t be away from my kids.”

“I have an allergic reaction to work.”

Obviously there is no cure for laziness. The good news is that if you are even a little motivated there are literally millions of opportunities to make money quickly. (No, I am not talking about your brother-in-law who sells health supplements!) 

Pizza Delivery – As I mentioned before this was a great way to make good, cash money. You literally get paid each night you work. It was great for Laura and me because we were able to buy groceries. Plus we ate free pizza.

EBay – There are online resources on how to make money selling on EBay. You can also use the library us a source of information. To get started all you need is a computer, high speed access, a camera (preferably digital), and a lot of “junk” around the house. My wife sold thousands of dollars in kid’s clothes while we were going through our crises.

Soon – More Income Generating Ideas!

Payday Loans and Porn….huh?

When I saw this post on a blog today – it shook me up. The two don’t really seem to go together, but after reading further I have to say it makes a lot of sense. I know this is way off topic, but I thought it important enough to post on the blog. One thing for sure, we will never be boring!

http://thefiresidepost.com/2007/10/25/pay-day-loans-and-porn/

Thanks,

Matt Sullivan, CEO / Credit Dusters, Inc.

The 60 Second Expert Series: Payday Loans – Part 1

NOTE: We are introducing a new series on Credit Dusters Blog called, The 60 Second Expert. We are very excited as we are going to be bringing you a knowledge base of important information in a quick and easy format. We are always looking for feedback – please leave a comment below after reading the article as it will help us to continually improve.

Payday Loans – Part 1: The Nuts and Bolts of payday loans

What is a payday loan?

According to paydayloaninfo.org the definition of a Payday Loan is as follows:

Payday loans are short-term cash loans based on the borrower’s personal check held for future deposit or electronic access to the borrower’s bank account. Borrowers write a personal check for the amount borrowed plus the finance charge and receive cash. In some cases, borrowers sign over electronic access to their bank accounts to receive and repay payday loans.

Lenders hold the checks until the next payday when loans and the finance charge must be paid in one lump sum. To pay a loan, borrowers can redeem the check for cash, allow the check to be deposited at the bank, or just pay the finance charge to roll the loan over for another pay period.

What is the “true” cost of a payday loan?

Under the Truth in Lending Act, the cost of payday loans – like other types of credit – must be disclosed. Among other information, you must receive, in writing, the finance charge (a dollar amount) and the annual percentage rate or APR (the cost of credit on a yearly basis).

A cash advance loan secured by a personal check – such as a payday loan – is very expensive credit. Let’s say you write a personal check for $115 to borrow $100 for up to 14 days. The check casher or payday lender agrees to hold the check until your next payday. At that time, depending on the particular plan, the lender deposits the check, you redeem the check by paying the $115 in cash, or you roll-over the check by paying a fee to extend the loan for another two weeks. In this example, the cost of the initial loan is a $15 finance charge and 391 percent APR. If you roll-over the loan three times, the finance charge would climb to $60 to borrow $100.