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Debt Reduction Formula



Reduce Expenses + Increase Income + Discipline = Get Out of Debt



Last Build Date: Fri, 20 Feb 2015 16:43:20 +0000

 



19 Ways to Avoid the Obamacare Tax Penalty. (I Did a Happy Dance When I Got to #14.)

Wed, 28 Jan 2015 17:15:44 +0000

If you didn’t carry qualifying health insurance last year, then you could be facing a stiff Obamacare penalty tax when you go to file your returns this year. The penalty could be anywhere from a couple hundred dollars to a few thousand depending on your income. So can you avoid the Obamacare tax penalty? Actually, … Continue reading 19 Ways to Avoid the Obamacare Tax Penalty. (I Did a Happy Dance When I Got to #14.)



Debt Blogging – The Biggest Benefit of a Public Debt Blog

Wed, 14 Sep 2011 22:52:53 +0000

I began this debt blog, which I called Debt Reduction Formula, in September of 2007. That happened to be the same month I sold my home in Highlands Ranch, Colorado, and moved into a rental home in Parker, Colorado. At the time, I owed $75,286.38 in debt. I was really feeling the pressure of the … Continue reading Debt Blogging – The Biggest Benefit of a Public Debt Blog



Federal Debt Now Equals Total U.S. Economy

Mon, 14 Feb 2011 23:42:47 +0000

If you’re looking for inspiration to get out of debt, then you would definitely not want to look to the U.S. government. They’re setting a horrendous example… and then trying to pass it off as “no big deal.” In my opinion, it’s only a matter of time before the U.S. debt load comes crashing down. … Continue reading Federal Debt Now Equals Total U.S. Economy



Car Taxes – Know Your Tax Rate Before You Buy

Fri, 11 Feb 2011 17:26:51 +0000

This past fall, my mom decided to sell her 2006 Honda Pilot and upgrade to a new Pilot. My wife and I had been getting by with just our van for a few months, but we were ready to have a second car again. So: Rather than go car shopping, we decided to buy my … Continue reading Car Taxes – Know Your Tax Rate Before You Buy



Getting Out of Debt Not Always Straightforward

Thu, 10 Feb 2011 16:16:24 +0000

Getting out of debt is not always a straightforward process, especially if you’re self-employed like I am. Last year, I made some business investments that didn’t pay off quite as well as I wanted. As a result, I had to tap my line of credit in late fall and again in January to pay taxes. … Continue reading Getting Out of Debt Not Always Straightforward