Debt 101
From Interest Rates and Credit Scores to Student Loans and Debt Payoff Strategies, an Essential Primer on Managing Debt
1st Edition
Published on 11. February 2020
256 pages
978-1-5072-1267-7 (ISBN)
Description
Get out of debt and use credit wisely with this easy-to-understand, comprehensive guide to making your debt work for you.
The key to borrowing, managing, and paying off debt is understanding what it is, how it works and how it can affect your finances and your life. Debt 101 is the easy-to-follow guide to discovering how to pay off the debt you have plus learning how to use debt to your advantage.
Debt 101 allows you to take control of your money with strategies best suited for your personal financial situation?whether you are buying a home or paying off student loans. You will learn the ins and outs of borrowing in a simple, straightforward manner, managing student loans and credit card debt, improving your credit score, understanding interest rates, good debt vs. bad debt, and so much more. Finally, you can get ahead of the incoming bills and never let your debt intimidate you again!
The key to borrowing, managing, and paying off debt is understanding what it is, how it works and how it can affect your finances and your life. Debt 101 is the easy-to-follow guide to discovering how to pay off the debt you have plus learning how to use debt to your advantage.
Debt 101 allows you to take control of your money with strategies best suited for your personal financial situation?whether you are buying a home or paying off student loans. You will learn the ins and outs of borrowing in a simple, straightforward manner, managing student loans and credit card debt, improving your credit score, understanding interest rates, good debt vs. bad debt, and so much more. Finally, you can get ahead of the incoming bills and never let your debt intimidate you again!
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Michele Cagan
Debt 101
From Interest Rates and Credit Scores to Student Loans and Debt Payoff Strategies, an Essential Primer on Managing Debt
Book
02/2020
Adams Media Corporation
€16.50
Shipment within 10-20 days
Person
Michele Cagan is a CPA, author, and financial mentor. With more than twenty years of experience, she offers unique insights into personal finances, from breaking out of debt and minimizing taxes to maximizing income and building wealth. Michele has written numerous articles and books about small business finances, investing, and accounting, including The Infographic Guide to Personal Finance; Real Estate Investing 101; Investing 101; Budgeting 101; Stock Market 101, 2nd Edition; and The Financial Recovery Workbook. In addition to her financial know-how, Michele has a not-so-secret love of painting, Star Wars, and chocolate. She lives in Maryland with her kid, dogs, cats, and koi. Get more financial guidance from Michele by visiting MicheleCaganCPA.com.
Content
- Intro
- Title Page
- Introduction
- Chapter 1: How Loans Work
- A Brief History of Debt
- Terms & Conditions
- Amortization
- Different Types of Debt
- Predatory Lending
- Chapter 2: The Right Way to Borrow Money
- Borrowing versus Debt
- Credit Building Comes First
- Assets versus Expenses
- Making Money On The Deal
- Building a Business
- Chapter 3: Student Loans
- Minimize Your College Costs
- Filling Out the FAFSA
- How Student Loans Work
- Going Deeper on Federal Loans
- Making the Payments
- Consolidating and Refinancing
- Chapter 4: Credit Cards
- How Credit Cards Work
- Different Types of Cards
- The Costs of Credit Cards
- Use Your Credit Card Effectively
- Balance Transfers
- Getting Out of Credit Card Debt
- Chapter 5: Mortgages
- Right-Size Your Mortgage
- Save Up for a Substantial Down Payment
- Fixed versus ARM
- Thirty Year versus Fifteen Year
- Find the Best Lender
- Refinancing and Prepayments
- Chapter 6: Other Types of Debt
- Car Loans
- HEL/HELOCs
- Personal Loans
- Payday Loans
- Medical Debt
- Business Loans
- Chapter 7: Paying Off Debt
- Prioritize Your Debt
- Effective Paydown Plans
- Get the Right Help
- Dealing with Collections
- Understand Bankruptcy
- Chapter 8: Living Debt-Free (Doesn't Mean 'No' Borrowing)
- Wealth Building
- Faster Retirement Savings
- Maintain an Excellent Credit Score
- Rewards Cards/Credit Card Advantages
- Investing (in Properties, etc.) but Not Gambling (Margin Accounts)
- Chapter 9: The Other Side of Debt/Be the Bank
- Investing in Debt
- Buy Bonds
- Mortgage REITs
- Peer-to-Peer Lending
- Hard Money Lending (Trust Deed Investing)
- Photographs
- About the Author
- Index
- Copyright
