Wednesday, February 9, 2011

Hypochondriac or Debt -Which is worse ?

The title may sound like these two words have no relation but indeed they both sound the same but one of them is actually worse...Which one you say? Its debt, debt is the worse because its hardest to fix than this medical illness.


Hypochondriasis, hypochondria (sometimes referred to as health phobia or health anxiety) refers to excessive preoccupation or worry about having a serious illness. An individual suffering from hypochondriasis is also known as a hypochondriac. Hypochondriacs become unduly alarmed about any physical symptoms they detect, no matter how minor the symptom may be, they are convinced that they have or are about to have a serious illness.  

Hence the word “convinced”
, meaning this is merely just a phobia just like people are scared of heights, spiders, fish.....Yes...fish, water and more. Hypochondria can be diagnosed and treated with the proper medical care. Debt on the other hand, is more harming than hypochondria, as its nothing that can vanish over time unless the proper treatment is taken. In fact the #1 reasons for stress currently in America is DEBT.....the one thing that these two words have in common is the fact with the right treatment it to can vanish.  Nearly one-third of our population has debt of some sort whether with credit cards, home loans, student loans, hospital bills, or car loans...Reality is if you borrowed something from a financial institution if it’s not paid for in cash it’s a debt.

Here’s the question for the day, if persons with hypochondria are alarmed by certain physical symptoms that makes them believe they have an illness. Why are we as people not alarmed when we are spending all or at least half our paychecks toward debt. Hypochondriacs’ are convinced they have an illness while people with poor credit are convinced it will not take treatment to fix the mind, than the habit, than the issue.

In conclusion, if it’s easy for us to compare some things such as interest rates per lender or compare prices on a product than why isn’t it so easy to compare our financial mentality and realize that it’s going to take effort and the proper treatment to correct these types of habits of spending. So I’m going to ask you and you can comment on my blog at www.rjcreditassociates.blogspot.com  ....Which is worse to you hypochondria or debt?

Friday, February 4, 2011

Back for the first time............

Well here's a scenario a person at the age of 24 decides the best thing in life is to be fashionable and up to date with the hottest trends at the mall. The Mal-financially educated person decides they should indeed have a credit card: not one, not two, but three. Starting with a credit limit of $500 on one card, it almost appears the screeching noise coming from the hangers on the racks is addicting; as the scrolling speed increases while looking for more things to buy.  After selecting 27 items and checking out at the register the total comes to $494.74; well your transaction was "approved".  Walking out the mall proudly holding their head high thinking of all the compliments that will be received in their new attire one thing that hadn’t been considered is the financial choice that was just made was going to follow them for the next 3-5 years.  

    Here's the point,  were not making purchases wisely and thinking for the long haul. Are we stuck on the right know? I would have to answer yes. There are people in the world that still don’t understand the meaning of the word 401K. The question is why? People say “ooh money isn't that important" or “I just don't have enough" or "I’m comfortable"
.   Truth is the same people that told me that they were comfortable are the same people seeking modifications for their homes; these are the same people that attempted to get rid of their stocks once the market crashed and the same people looking for help in this horrible state of economy.

    I believe this current state of economy leaves room for negotiation.  We need to be smarter negotiators whether at buying a home or buying anything.  I think it’s time that we drop the habits and tendencies that landed us here in the beginning i.e. over spending  and being uneducated on laws that effect us financially.  Let’s drop all of those habits and start new “start fresh”, start educating our children before they go to college and tell them the true meaning of the word debt and how they can AVOID it so they don’t have to suffer.  If your currently in debt find a way to get out. Whether that means picking up a extra job regardless of the income your that much closer to a peace of mind. Let’s come back into the financial world for the first time.

Critques, Critques, Critques

Nothing is the same this year as it was last year, or 10 years before that, and 10 years from know things wont be the same  either. Now is a great time for real estate agents to get into the market or even open up their careers. Why you ask? because in about 1 year and in February people are going to be swarming for houses because its such a lucrative market. You can buy homes for a as little as $500.00 in Michigan. Why not make your self a first time home buyer. Is your credit the problem?

Everything is a process and we as individuals focus on the now factor a lot....now in it now...change this now.....what ever happened to process. First time home buying is a process in itself short sales take about 120 days to close. while buying a foreclosures takes only half the time but get all your ducks in a row before you make this move because as a easy as you gain it can be lost. If your interested in buying a home please make sure you clean your credit first a higher score the better interest you receive.