Comments on: Free money? What shall we do? http://www.girlsjustwannahavefunds.com/2008/01/free-money-what-shall-we-do/ Breaking Financial Ceilings One Stiletto At A Time! Thu, 20 Nov 2008 12:38:25 +0000 http://wordpress.org/?v=2.6 By: Victoria http://www.girlsjustwannahavefunds.com/2008/01/free-money-what-shall-we-do/#comment-291 Victoria Fri, 29 Feb 2008 17:31:12 +0000 http://www.girlsjustwannahavefunds.com/2008/01/22/free-money-what-shall-we-do/#comment-291 I see this as an opportunity to invest, not squander on commodities that devalue. Do not buy a car, do not buy an iPhone, but also do not do nothing with the money. Recession or not, everybody benefits when we put extra money into income-generating ventures that create opportunity and increase productivity. So instead of leisurely holing up during recession, with $800 we might probably take the risk to: (1) take college courses to increase our skills for the next job, whether it's language or engineering applications or software or vocational (2) put money into an investment property and take care of upgrades/maintenance of paint, walls, flooring, or manicuring the lawn to keep up property value (3) buy some undervalued shares of mid-sized companies (4) invest the maximum into 401K or similar retirement plans (5) partner with an old friend to seed a small enterprise and aggressively build your network by spending quality time with future clients (6) pitch business ideas to larger companies. That's how we're going to get ourselves out of recession, and personally prepared and prime for the well-compensated jobs of tomorrow. I see this as an opportunity to invest, not squander on commodities that devalue. Do not buy a car, do not buy an iPhone, but also do not do nothing with the money. Recession or not, everybody benefits when we put extra money into income-generating ventures that create opportunity and increase productivity. So instead of leisurely holing up during recession, with $800 we might probably take the risk to: (1) take college courses to increase our skills for the next job, whether it’s language or engineering applications or software or vocational (2) put money into an investment property and take care of upgrades/maintenance of paint, walls, flooring, or manicuring the lawn to keep up property value (3) buy some undervalued shares of mid-sized companies (4) invest the maximum into 401K or similar retirement plans (5) partner with an old friend to seed a small enterprise and aggressively build your network by spending quality time with future clients (6) pitch business ideas to larger companies. That’s how we’re going to get ourselves out of recession, and personally prepared and prime for the well-compensated jobs of tomorrow.

]]> By: Ginger http://www.girlsjustwannahavefunds.com/2008/01/free-money-what-shall-we-do/#comment-161 Ginger Fri, 25 Jan 2008 04:12:58 +0000 http://www.girlsjustwannahavefunds.com/2008/01/22/free-money-what-shall-we-do/#comment-161 Im brainstorming about the student loans, easy does it! Im brainstorming about the student loans, easy does it!

]]> By: Yakini http://www.girlsjustwannahavefunds.com/2008/01/free-money-what-shall-we-do/#comment-160 Yakini Fri, 25 Jan 2008 03:48:44 +0000 http://www.girlsjustwannahavefunds.com/2008/01/22/free-money-what-shall-we-do/#comment-160 LOL! Yep, nice and easy does it. that's the only way to go about getting yourself out of the debt hole! LOL! Yep, nice and easy does it. that’s the only way to go about getting yourself out of the debt hole!

]]> By: Ginger http://www.girlsjustwannahavefunds.com/2008/01/free-money-what-shall-we-do/#comment-159 Ginger Fri, 25 Jan 2008 00:06:58 +0000 http://www.girlsjustwannahavefunds.com/2008/01/22/free-money-what-shall-we-do/#comment-159 LOL! Yaki you sound like you had an epiphany there!! LOL! I hear you though, I just took a look at my debt reduction plan and it is one day at a time! LOL!
Yaki you sound like you had an epiphany there!! LOL! I hear you though, I just took a look at my debt reduction plan and it is one day at a time!

]]> By: Yakini http://www.girlsjustwannahavefunds.com/2008/01/free-money-what-shall-we-do/#comment-158 Yakini Fri, 25 Jan 2008 00:04:55 +0000 http://www.girlsjustwannahavefunds.com/2008/01/22/free-money-what-shall-we-do/#comment-158 It would go straight on my credit card! Seriously. My cc use was outta control in 2007, but 2008 is the year Im taking it all back!!! I was telling my girlfriend the other day that I now view my spending/cc use like any other addiction. And when you go to AA or NA for support/treatment they encourage you to take it "one day at a time." So even though it seems silly to use this analogy with a cc, that's how i view my past habits. Its really hard, because I had gotten totally dependent on the cc at one point.... but now i feel good about the clean time that i do have, although its not much. At this point I havent used it in 2008, so Im 24 days clean!!! Feels so good!!! At the 30 day mark I will be hella proud...... 2008 is all about paying down the debt, baby!!!!! It would go straight on my credit card!

Seriously. My cc use was outta control in 2007, but 2008 is the year Im taking it all back!!! I was telling my girlfriend the other day that I now view my spending/cc use like any other addiction. And when you go to AA or NA for support/treatment they encourage you to take it “one day at a time.” So even though it seems silly to use this analogy with a cc, that’s how i view my past habits. Its really hard, because I had gotten totally dependent on the cc at one point…. but now i feel good about the clean time that i do have, although its not much. At this point I havent used it in 2008, so Im 24 days clean!!! Feels so good!!! At the 30 day mark I will be hella proud…… 2008 is all about paying down the debt, baby!!!!!

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