Author: Rick Orford

Getting Rid of Bad Debt

Let me be the first to tell you, it’s imperative to know the difference between good debt, bad debt and how to get rid of it.  To be sure, debt on its own isn’t the devil.  When used correctly, debt can be a wealth-generating tool that pays you back for a lifetime.  But, high-interest debt,…
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What is the Debt Snowball Method

Have you stumbled upon this page wondering what the debt snowball method is?  The debt snowball method is simply a way to pay down debt.  While there are many ways to pay down debt, we feel the snowball method to be one of the very best and easiest methods to implement.  To be sure, it…
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How to Become Financially Independent

Congratulations! You have made the single most important step in the entire process – searching out how to become financially independent. In my book, I explain how I made several money mistakes over and over before finally making the decision that enough is enough. If Only I Became Financially Indepedenent by Winning The Lottery One…
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7 Important Things to Know About Your Credit Score

Are you wondering why your credit score is important, and how you might improve it? At some point, you will most likely need to apply for credit.  Then, when you apply for credit, you have to demonstrate to your lender that you can repay the loan.  One of the tools that lenders use to build…
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How To Get a Rental With Bad Credit

Are you wondering if your bad (or less than perfect) credit will affect your chances of getting a rental?  For example, if you have bad credit or no credit, you likely have doubts, questions, or concerns about being approved for a rental home. While it won’t be easy, there are some things you can do…
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Obtaining a Mortgage for a Rental Property

You might have considered increasing your passive income by purchasing a rental property.  This really can be an excellent “side hustle” and provide a significant to your bottom line, over time.   Obtaining a mortgage on an investment / rental property is very similar to what I wrote in Getting Organized for your First Mortgage with…
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5 Easy Ways to Pay Down Debt

No one likes debt, especially bad debt. While paying it down can be a struggle, here are 5 easy ways to pay down debt that are sure to kick start your goal Balance transfer to a 0% card.  For example, the Barclaycard Ring Mastercard offers $0 annual fee, and 0% APR for 15 months. Then…
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How to Save Money When You have a Low Income

Saving money is something that everyone seemingly wants to do, but often have much difficulty accomplishing. When I look back at everyone I’ve worked with, I see that income itself has very little do with savings rates.  In fact, I’ve said many times “It doesn’t matter if you make $50,000 or $150,000 a year, unless…
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Common Types Of Retirement Accounts in the US

The thought of starting your retirement plan might seem daunting, but really, it’s not much different than planning a family vacation- in fact it can be as easy as putting together a grocery list. In my experience, folks tend to put off retirement plans as they think there are more (immediate) pressing things to think…
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Fast Track to Financial Stability

Congratulations! You have made the single most important step in the entire process – searching out how to become financially stable. In my 20’s and early 30’s, I made tons of mistakes.  I overspent, mis-used credit, and basically lived a “Rock star” lifestyle- without any care in the world.  The problem is, I’m here to…
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