Debt And Tax Advice For A Friend

What do you do when the government grabs hold and doesn't let go?

by 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

Controlling Spending The Fun And Easy Way

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

by 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

Welcome To The Yakezie!

by 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

How To Make Money Quitting Your Job
  • moneystepper: Excellent points FS, thanks. Multiple sources of income are important everywhere, even down to the...
  • Aldo @ Million Dollar Ninja: This is great information. I don’t have media.net, only adsense right now, but...
  • Financial Samurai: Natalie, how long have you been working at your day job? I’m pretty confident that after...
  • Financial Samurai: Great to hear! A perfect combo indeed. Maybe I’ll write about it :)
  • Natalie: I don’t think I could quit until I was making more than what I make at my day job. I won’t leave...
  • The Phroogal Jason: Great post. Making it to a top blogger list and winning an award are two ways to feel validated....
  • FamilyMoneyValues: This really worked for us as well. My spouse worked for the federal government which was very...
  • Financial Samurai: Good stuff. It’s nice to have a combo of steady eddy paycheck, and more entrepreneurial...
  • Financial Samurai: The question is: How much have you tried working on affiliate posts and finding the products? I...
  • Stefanie @ The Broke and Beautiful Life: I make nearly all of my income from freelance writing. I have had the...

Help Support The Yakezie Network

Yakezie Membership Support
Yakezie.com

© 2014 Yakezie.com | All Rights Reserved

Privacy Policy | Terms of Service | Contact Yakezie

Personal Finance Lifestyle Writing Contest

The Yakezie is one of world's largest and most sophisticated network of personal finance and lifestyle bloggers. Through collaboration and the selfless support of others, we strive to improve the lives of every one of our visitors.

About Yakezie