Avoid Bad Karma in Finance Now

Are you having a string of bad luck when it comes to money? You can blame feng shui, the circumstances you’re in, or something else. But there’s a possibility you’re suffering from bad karma.

What Does That Mean?

Karma is best explained as “what goes around comes around.” If you do something good to someone, goodness will come back to you. In the same way, if you did something bad or made poor decisions, the consequences will haunt you.

Bad karma in finance has something to do with the ineffective decisions you’ve made with regards to money. To avoid it, do the following:

Pay your debts on time.

Bad Karma: By not paying on time, you spend more money on late fees and other penalties. Your interest rate goes up, and if you make it a habit, it’s difficult for you to apply for a loan. It also damages your credit report, bringing your score down.

Fix It: Manage your debts well by keeping track of their due dates. If you tend to miss the repayments, consider automatically debiting the amount to your account when they’re due.

Stay away from money scams.

Bad Karma: You lose easy money very fast. You may enjoy some earnings for the first few months, and after that, you don’t hear anything from the “investor.” Worse, you’ll be held accountable to people whom you’ve lured to the money-making scheme.

Fix It: If the offer sounds too good to be true, stay away from it. You don’t earn a lot of money very quickly. Even secure investment types like mutual funds, bonds, and stocks don’t guarantee a lot of income in a short amount of time.

Invest.

Bad Karma: Relying on your income alone is dangerous. If you lose your job, you’ll have no other sources of funds.

Fix It: Invest whatever savings you have to different portfolios such as stocks, bonds, and money market funds. You can also learn how to make money by investing in passive income sources, such as real estate.

Take your job seriously.

Bad Karma: You can lose your job, you can’t get a promotion, and you will find it hard to look for another work.

Fix It: Love your work. Keep in mind it will reward you a lot when you retire.

Choose your loans carefully.

Bad Karma: A lot of your money goes to loan repayments. You’ll realize you’re paying a lot of money on interest alone. Having too many loans doesn’t sit too well among lenders, and it doesn’t make your credit report look good. There’s also the danger of non-payment.

Fix It: Apply for refinancing or debt consolidation to reduce the number of loans. You can also lower your interest rate by doing this. Pay whatever you can afford in cash.

Attract wealth with subliminal messages.

Bad Karma: If you think you’re not good enough to be wealthy, then you can never be wealthy.

Fix It: Change your mind-set. Use subliminal messages. Every time you can, tell yourself

Free Debt Consolidation Solutions to Fix Your Finances Now!

If I told you there are very effective free debt consolidation available to you that can help set you on the path to becoming debt free, would you be willing to listen? Read on to discover how you can fix your finances on your own with a few simple strategies that you can put into action right now!

Free Debt Consolidation For Everyone

First off, let’s put the misconceptions to rest. Free debt consolidation options are available to everyone. Not all will work or be effective for each and every case, but at least one of these methods can be employed by you right now to help you set your finances straight! Free debt consolidation is simply a general term that describes consolidation and management solutions that can be utilized by you without having to pay a third party, such as a debt consolidation company.

Low Interest and Balance Transfer Credit Card Consolidation

The most common method for do-it-yourself debt management is the balance transfer credit card method. This is also typically the most accessible method for consolidating debt. Essentially you are taking your high interest debts (credit cards, loans, etc.) and transferring those debts to a single, high-balance, low interest credit card. To do this effectively, look for promotions that offer no or very low interest for promotional periods. Often you’ll find 0% for 6-12 months or 2.99-5.99% for 12-18months or longer. Some of these offers are available for new card accounts only so you will have to apply for the account. If this is the case you will, in most cases, need at least fair to good credit. But don’t get discouraged, there are often many offers available for existing card holders. Either call your credit card company or go online to your credit card account site and look for promotions.

Free Debt Consolidation Loans

I know that loans are technically not free as you are paying interest, but that is going to be the case regardless. Here we are talking about loans from your bank, or credit union, or even home equity loans if you are a homeowner. The important key is that we are not paying a debt consolidation company to do this work for us so it is technically free debt consolidation. It’s important to seek out products that fit your budget and situation. A debt consolidation loan can be used to pay off your balances and provide you with a single balance and single monthly payment, all at a lower interest. Make sure you do your homework and only apply for a loan once you know it is right for you.

Free Debt Consolidation Rule Number One

For your free debt consolidation efforts to pay off, The most important rule to follow here is to stop using those accounts as soon as the balance transfer completes. It is easy to fall into the trap of zeroing out your balance and then charging a little here and a little there because you know there is no big balance there anymore. The problem is this adds up fast, and eventually you are much worse off than you were before. So as soon as your balance transfers complete, or your loan pays out and you have paid off your debts, put the old cards away-far, far away!