Born and raised in Pennsylvania, I moved to Denver CO in 1999 shortly after graduating from Bloomsburg University. My original motivation for moving to Colorado was snowboarding the great Rocky Mountains. During this time, I acquired the majority of my debt. My income was okay, but outflow was horrible. I simply lived beyond my means and it eventually caught up with me.After a year of play, I landed a job at a Fortune 500 financial services firm as a customer service representative. Over the years, I acquired a number of industry licenses and dabbled in trading, advice, sales, compliance and business strategy. My income was better, but I still lived beyond my means while I attempted to take tiny bites out of my debt.Despite having had thirteen years of combined experience working in financial services between my partner, David Auten, and me, we were financial messes. We realized in 2004 that we needed to do something about our financial situation. We were two thirty-something professionals with $51,000 of combined credit card debt, living in a basement apartment. After reaching our rock-bottom, we made the decision to not continue on the road we had been for so long. Now we're out of debt and use our blog (www.DebtFreeGuys.com) and our books to help others becoming #MoneyConscious and financially independent.I now have fourteen years of experience in financial services in both retail and institutional investing. I have my Master's Degree in Business Administration and am Series 7, 63, 9, 10, 66 and 24 licensed. David and I have now published three eBooks in our #MoneyConscious Series and have a fourth, hard copy book scheduled for release towards the end of 2014 and another eBook in early 2015.The mission of the Debt Guys is to help everyone become #MoneyConscious resulting in eliminating their debt, living a debt free life and empowering them to achieve financial success by virtue of the universal principles discovered by us through our own financial mistakes, victories and professional training.Emails us, visit our blog or connect with us on Facebook, Twitter, Google+ or Pinterest to help yourself be #MoneyConscious and achieve financial independence.
Yesterday we posted steps to take if you’re concerned about Target’s data breach. Many of those steps should be completed regularly to protect yourself from identity theft. It’s a lot of work, though. For that reason, most of us don’t complete them as regularly as we should, if we do at all.
What can you do?
Retailer Target announced yesterday that the number of customers affected by hackers went from 40 million to 110 million. The stolen data includes credit card numbers, PINs, names, phone numbers and, in some cases, email addresses. Target is providing credit card monitoring for those potentially affected by the breach, but what can you do to protect yourself? Having your identity stolen or your credit score ruined can negatively affect you for years and in numerous ways.
What should you do next?
For anyone saving money to achieve financial goals, such as paying off debt, buying a home or preparing for retirement, it’s disheartening when 2013 wages are only slightly higher compared to 2003 wages and are down slightly compared to 1993 wages.
Learn how to beat this trend.
It wasn’t until the 20th century that humans began to use plastic instead of cash as a way to get what they want today while paying for it next month, or later. In the short time period since, we have seen the exponential increase in the use of alternative modes of payment to cash and
Buyer’s Remorse It’s the time of year when credit card statements from the holiday season start arriving. Along with the statements, comes the regret, remorse and the guilt for having spent so much money. Even if you had a plan to not over-spend this year, you still may have. Even though you may have already
Do You Think There is a Higher Education Bubble? There’s no doubt that post-secondary education is becoming out of reach for more people. A college degree is becoming less valuable, as well. While there’s enough blame to go around, something must be done. “A key measure of the benefits of a degree is the college
Know the rules and regulation of an HOA before buying into one. Home Owners Associations (HOAs), as with most every other arm of the housing market, have been experiencing there share of financial constraints since 2008. Because of this, some are taking more and more aggressive action. Most HOAs are underfunded, with the average association
Leadership versus Management It’s the rare CEO, such as Jeff Bezos of Amazon and Warren Buffett of Berkshire Hathaway, who are focused on building their business through creativity and ingenuity. Most CEO are focused on stock price because their pay is tied to it. This creates a unseemly relationship with Wall Street. As we discussed
As 2013 wanes, we look towards 2014. What will the new year hold for us? Will it be better or worse than last year? How can I be better than last year? Learn how you can know for sure.