Posts Tagged ‘Bankruptcy’

Debt Perception (Part 3 of 3)

August 7th, 2009 by Romi

After watching video #3, you should all be debt experts, or debtxperts (sounds better than it looks).

If you’ve been doing real work at the office and need to catch up, here are parts one and two of my interview with Jeremy Kroll of A. Farber & Partners.

In this final video, Jeremy outlines the ways we should budget our money and provides us with a creative way of doing so (it involves envelopes!). He also talks about the “R Plan”; a method for managing one’s financial problems. The video concludes with Jeremy’s last word on coping with debt in the Recession.

If you have any more questions or anything at all to say on the topic of debt, leave a comment!

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Debt Perception (Part 2 of 3)

August 6th, 2009 by Romi

Here is part two of my chat with Jeremy Kroll of A. Farber & Partners. If you missed video numero uno, check it out here.

What’s in this segment:

* The most common ways people get into debt

* The steps one can take to get out of debt

* The implications of bankruptcy (and its relationship to student loans)

* The legitimacy of Credit Consolidators

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Debt Perception (Part 1 of 3)

August 4th, 2009 by Romi

As warned on Monday, I’m focusing my energy this week on debt. Hopefully my New York trip doesn’t put me in it and hopefully this video will keep you out of it.

I had the opportunity to talk with Jeremy “The Bulldog” Kroll of A. Farber & Partners. A. Farber deals with, in the most simple of terms, people who are having money problems and need a way to resolve them.

Originally, I was going to shorten the interview into a ten minute YouTube slot but I think that you would benefit from the extended (three part) version since there is a lot to be said about all things debt-related.

Part one deals with Student Debt [How much student debt is too much?, How to prioritize paying off loans and other expenses, How long should it take to pay off student loans?]

But wait, there’s more!

Parts two and three will be posted on Thursday and Friday respectively. Part II covers getting in and out of debt and Part III focuses of debt avoidance and budgeting.

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Debt Sucks

July 28th, 2009 by Romi

We will all have to deal with debt at some point in time. Sometimes we don’t even see it coming. What we need to do is be smart about it. If we can recognize that we’re in a sticky financial situation and are willing to get help, we are one step closer to being debt free.

If Alcoholics Anonymous has taught me anything, it is that the first step to recovery is admitting you have a problem.

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