Debt Reduction | Yakezie.com

in Personal Finance on Jan 17th, 2012

A friend contacted me about the debt problems he has. While I know a lot about investments and alternative investments, I’m not an expert with defaulting on debt and the legal issues that come along with it.

I figured a great way to help my friend was to contact my fellow Yakezie members and ask for their expertise. Any advice or suggestions to my friend is greatly appreciated. Please comment on this post and help my friend out.

My Friend’s Story

My friend has been a computer programmer for over 30 years. With only a high school education he started in the mail room (literally), and worked his way up to the position he is at now. His income is in the low six figures, has no dependents, and lives in a New York city borough. He rents, and the only decent sized asset he has is a truck which is worth approximately $700.

Around the middle of 2007, he suffered a massive depression. Nothing he did seemed to work in getting out of it. He sought out help from friends and family, but no one was able to help him. He started to see a therapist, but wasn’t helping much either. Another friend of his, who had bouts of depression, suggested he see a doctor. Eventually my friend went to see the doctor, and received medication for his depression. Read More

Debt Reduction, Taxes

Personal Finance Archives »

Controlling Spending The Fun And Easy Way

Making Sure You Don't Go Overboard This Holiday Season!

by Financial Samurai

7029[?]

in Personal Finance on Nov 25th, 2011

With holidays sales galore, it’s very easy to go overboard on spending. You work so hard saving your money all year only to blow it on some trendy tickle me Elmo doll that goes unplayed just a month later. Computer gadgets seem to be particularly popular as companies such as Apple discount their Macbook Airs by an uninspiring $100 dollars, and their iPad 2s by an even more unexciting $50 dollars off.

I’ve got a perfectly healthy 3.5 year old Macbook with 4 gigs of RAM and a 120 gig hard drive. Even though I just spent $29 to upgrade my OS to Snow Leapard to improve the operability of my computer last week, I still almost couldn’t help but buy a MacBook Pro for $100 off! Shopping is like crack where one saves more if they buy more.

Recognizing I have a problem with spending, I wrote out a list of things I wanted to buy: socks, shoes, cards, ties, toys for the kids, Macbook Pro, 40″ LED TV, round-trip to Hawaii, and a 2012 Porsche 911 Turbo in black. You know, the usual list of things every minimalist needs to have. Hey, gotta throw something really sweat in there right? Adding up the items excluding the Porsche, came out to a not cheap $3,500. Yikes! That’s a lot to spend in one weekend.

COMING UP WITH A FUN GAME PLAN Read More

Budgeting, Debt Reduction

Personal Finance Archives »

Yakezie Member Post: Big Caj Talks About Debt

Personal Finance Blog

102[?]

in Personal Finance on Mar 30th, 2011

Yakezie Member Post: Big Caj Talks About Debt Thumbnail

At it for 6 Years?

Yes, I actually started the whole writing thing 6 years ago, when my son was born. It mostly started as writing an open letter to my Mother, using a Blogspot set up, and then I decided maybe the best way to understand my finances, would be to write about it, thus having a cathartic effect, and it has somewhat had that effect.

My first few years I was all over the place with topics that bounced everywhere, and tended to be as much rants as anything else, but slowly I learned my voice. I was also lucky enough to get contacted by a more mature Financial Blogger (The Canadian Capitalist) and then met a group of other bloggers and learned a great deal more from them (in a short time), so the quality and focus of the blog improved. Read More

Debt Reduction, Member Post

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Yakezie Member Post – Yes, I Am Cheap

by Sandy @ yesiamcheap

1006[?]

in Personal Finance on Dec 8th, 2010

Yakezie Member Post – Yes, I Am Cheap Thumbnail

In the Beginning
Hi, I’m Sandy and I run the blog, Yes, I Am Cheap. It all started after I hit rock bottom, but that’s the middle of the story, so let’s go back to the beginning. I’ve always known that I was meant for greatness. I say that not with arrogance or self-importance; it’s just something that I’ve always felt coursing though my blood. I vividly remember being 8 years old and the teacher asking what I wanted to be when I grew up. I sheepishly thought to myself, President, but I knew better than to actually say it. You see, I knew that I could never be the President, not because I was a girl, but because I wasn’t born in this country, and immigrants can’t be President. Read More

Debt Reduction, Member Post

Personal Finance Archives »

Welcome To The Yakezie!

by Financial Samurai

7029[?]

in Personal Finance on Aug 11th, 2010

Dear Friends,

Welcome to the beginning of a great new initiative. Yakezie.com was created after our little group of personal finance bloggers grew to almost 100 in a matter of six months. Who would have known there are so many like-minded people out there looking to improve their presence and meet new people. There is no bigger personal finance network in the world than the Yakezie and we should all be very proud. The amount of collaboration has been incredibly impressive and what better idea than to start a website we can call our home. Read More

Budgeting, Debt Reduction, Economy, Frugality, Government Love, Investments, Real Estate, Retirement Planning, Taxes

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