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Archive for September, 2012

Raid Data Recovery Systems

Written by admin on Sep 28th, 2012 | Filed under: saving

Data recovery systems allow you to retrieve data from secondary storage systems, such as hard drives, that have failed for one reason or another. Data recovery operations can work on various systems from USB drives, solid state drives, hard drives, and RAID. Raid systems link more than one hard drive together to form a larger capacity storage system.

There is no such thing as an error free hard drive or storage system. It would cost too much to produce such a thing. When a hard drive is shipped from the factory, there will be, inevitably, be a number of bad sectors.

A utility is run on the system, and the bad sectors are recorded. Every sector in that record is then mapped to a new area. This is the PList. This process of re-pointing to other sectors is called remapping. The GList is like the PList but it is created and maintained after the product ships to the customer.

Sectors cannot be repaired. Once a sector is damaged, there is no way to fix the sector itself, its gone. It can be remapped though. If there is ever a time when the GList is full, and can add no more, the only thing possible is to copy the image of the working sectors, and transfer that image to another disk.

Therefore one option for RAID data recovery is to always keep a backup of your important files, and be ready to transfer that data image to a fresh hard drive. There are numerous software solutions that one can use if this preventative measure has not been taken. But always remember the adage “preparation prevents poor performance.”

There are six levels of RAID data recovery. In general the following algorithm is used to handle this kind of data recovery. Analyze the drives on the system and determine the size of the interlock block. One then finds the offsets for each drive. Create an image of the good sectors to be transferred to new media.

Mastering The Art Of Earning Money

Written by Toi Williams on Sep 28th, 2012 | Filed under: mindset

Mastering your ability to make money means managing a career effectively: finding the right job, learning how to ask for a raise, and so on.  Building wealth now will you’re your future more financially secure and you can avoid using debt to handle financial emergencies.  Your income is theoretically unlimited, so make the most of every opportunity to earn as much as you can as often as you can.  Here are some ways that you can master the art of earning money.


As a general rule, the better your education, the better your income.  Employers like to hire individuals that can demonstrate their ability to learn new things quickly and effectively.  Find inexpensive ways to become better educated, such as taking business related courses at a local community college or obtain certification in a specific skill from a trained professional.

Hard Work

High income is also associated with hard work.  The people who make the most money are often those who work the longest hours.  Be willing to dedicate a great deal of your time and energy to an employment position if you expect the employer to provide you with a high salary.  The hardest workers are also the ones generally recommended for raises and promotions. Choose a career that you love and that pays well.  If you can get paid well to do what you love, you will never mind having to go to work.

Other Factors

You can also increase your income by selling stuff you already own, pursuing money-making hobbies, or starting your own businesses.  Find ways to earn a little cash from your hobbies or use your spare time to provide services to others for a fee.  There are literally thousands of ways to earn additional income, so the choice of what method to use will depend on your personal preferences and natural abilities.

Improve Your Chances Of Getting A Loan

Written by Toi Williams on Sep 27th, 2012 | Filed under: loans

Credit continues to be tight as bankers remain cautious about lending.  Continued fallout from the financial crisis and recession are the biggest reasons that lenders are being cautious.  Lenders are using tough standards to screen loan applicants and are focusing most of their attention on low-risk lending to those with good to excellent credit scores.  If you need a loan, you can boost your chances for approval by following these tips.

Increase Your Credit Score

The higher your credit score, the easier it will be for you to get approved for a loan, so do everything that you can to increase your credit score as much as possible before applying for the loan.  One of the best ways to boost your credit score is to pay down your credit card debt as low as you can.  You should also get any collections reflected on your credit report cleared up by either disputing them or paying them in return for the creditor removing them from your report.

If your credit scores will not win you a great rate, consider delaying your loan application until you can boost your scores.  The majority of loans are going to the lowest-risk customers.  Begin a few months before you intend to apply for the loan to give yourself ample time to improve your credit score.

Check With Credit Unions

Before you walk into a lending company, you should know what rate you should be getting on a loan. A smart strategy is to get approved for a loan from your local credit union as credit unions often offer their members better rates and terms than many banks. If a lending company can find you better financing, you can take it and cancel the credit union application. Either way, your funding is secure and you have the ability to choose the lower interest rate or more favorable terms.

When to consider a second mortgage?

Written by admin on Sep 25th, 2012 | Filed under: saving

It’s generally the case that when people have built up a certain amount of equity through the purchase of their first home, they are then in the position to free up and use some of the collateral for additional purchases. It is another lien against the deed to your home. Second mortgages are generally flexible, meaning they can be allocated to a variety of purchases. Loan terms vary from one to thirty years. Despite these many benefits, second mortgage loans are highly risky. The issue with second mortgages is that they work on the premise that life will stay the same as it has always been, in a financial sense. However, life rarely affords people this luxury. Before considering a second mortgage it is worth considering the up’s and downs of this financial strategy.


Because second mortgages are based on the amount of equity built up in the home, they can allow homeowners to borrow a large sum of cash with the flexibility to use it for any purpose. Because of this built in flexibility high cash purchases seem easily within reach.

Credit cards and personal bank loans are typically smaller are more limited in scope and large sums are difficult to get. Many people use second home loans for things like debt consolidation, home improvement, avoiding private mortgage insurance (PMI), paying for college tuition or investing in other properties. Other loans usually just aren’t big enough to cover these types of expenses.

Another advantage of these home loans is that they are considered safer by lenders than other types because they are secured by the house. In other words, banks will actually get something back if you default on the loan. This means borrowers will generally score much lower interest rates on second mortgages than on unsecured loans or credit cards.

And there are tax benefits of using second home loans compared with other sources. The interest from a second mortgage is tax deductible, unlike the interest from a credit card balance, for instance.


Even though banks consider second mortgages “safer,” there are still some serious drawbacks involved with borrowing more money against a house. The most significant of these is that second loans are incredibly risky. If the homeowner is unable to repay the loan at some point, he risks losing his house to foreclosure and in turn ruining his credit. The risk of foreclosure does not exist with other unsecured loans. This danger of a second loan should make borrowers seriously consider whether or not they really need the large loan.

Second loans require fees and closing costs, just like first mortgages. You may also be required to pay points (one point is equal to one per cent of the loan value) making the loan less attractive. Whilst second mortgage rates are better than credit card rates, they are still higher than first mortgage loans. This is because the first mortgage takes precedence over the second in terms of repayment in the case of default.
Second mortgages are my far a greater risk than the initial loan. It is essential that you have a plan B to support any financial payments should life throw a ‘curve ball’. Consider carefully whether the items required would be significant enough if they are placed alongside the loss of your home. If you consider the weighty risks against the benefits carefully, there are some very good offers to be found in the current US market place.

Tips on how to get a second mortgage

Check your credit rating – this is something the loan company will do straight away. So get a copy of your personal report to ensure that you know the good, the bad and the downright ugly!

Improve your credit rating

It’s not ideal to rush into a second mortgage and therefore you may have to do some maintenance work on your credit score. It takes around two to three months to see any significant improvement in your score, so ideally you should take time to end credit card loans and pay off any debts before you begin the re-mortgage process.

Go shopping for a Miami Mortgage

Make sure once you are in a strong financial position that you shop around for your loan. Do not stick to the routine of buying from your known lender it is possible to find really competitive deals in the US marketplace.

Miami Mortgage Closing costs

When you are refinancing an existing mortgage, the closing costs should play a vital role in your decision to go with a lender. The closing costs can amount to thousands of dollars. There are huge discrepancies between lenders and closing costs and you must get an accurate estimate before taking out the loan. Not only that, it will give you some negotiating power when closing the deal.

Struggling With The Morality Of Bankruptcy?

Written by Toi Williams on Sep 14th, 2012 | Filed under: bankruptcy

Borrowers facing massive amounts of debt often struggle with the morality of filing for bankruptcy.  Many people feel an enormous amount of shame when contemplating bankruptcy or walking away from a house because they do not want to be branded as bankrupt or a deadbeat.  They are so driven by guilt that they throw every available dollar that they have at their problem, not realizing they are making matters worse.

No Other Options

Most people who file bankruptcy or give up their home have done everything they could to avoid it and there were no other options left.  Most foreclosures do not happen because people can pay their mortgages and choose not to, known as a strategic default.  Most troubled borrowers are forced to declare bankruptcy after futilely attempting to negotiate with recalcitrant credit card companies or mortgage lenders.

Illogical Actions

People in debt are not the most logical creatures.  People take financially shortsighted actions because they are trying to do the right thing without really understanding the consequences of their actions.  Consumers will use all their available cash to pay off or settle a balance with one creditor without having a plan for paying other creditors.  The other creditors may still try to collect aggressively, which may still force the consumer into bankruptcy.

Tapping Your Retirement Funds

These days, many people have long since spent their retirement money in a futile attempt to pay credit card bills or try to save a home.  Thinking of tapping into your retirement funds to pay bills is a big red flag that you need to consult a bankruptcy attorney.  Retirement account funds are protected from creditors, and emptying the accounts will not do any good if you wind up in bankruptcy and foreclosure anyway.  Remember that if you take money out of your retirement account before you retire, you will owe a significant amount of money in taxes on the money withdrawn.

Stick to a limit and make your gaming budget stretch further

Written by admin on Sep 14th, 2012 | Filed under: saving

Avoid the debt trap and eliminate costly credit mistakes by always sticking to a set budget limit. When gaming, an alternative to spending more and increasing your budgeted amount is to rather play smarter and make you budget go further by employing certain strategies that will ensure bad habits don’t put you in the red. Stay focused and motivated when playing iPhone casino or other mobile casino games and remain disciplined and responsible when you set your limit and stick to it.

Players have developed certain methods of making their gambling budget go further whilst still sticking to a limit and whilst others may be tempted to continue playing and exceed their means, the more responsible gamers will have researched how to maximise their budgets potential. Mobile casino games are a new development and iPhone mobile casino apps and downloadable games have become particularly popular. Mobile casino sites have capitalised on the popularity of portable and convenient games and are now offering generous casino bonuses to players who register and regularly game with them.

The advantage of the iPhone casino and other casino bonuses is that players receive an almost psychological boost as well as an increased bankroll. The more money you have to game with the greater your chances are of winning big at an online or mobile casino,  and casino bonuses can double your original deposit, reward you with a percentage return or give you free spins with real money rewards. All of these bonuses give players an increased advantage as they can still stick to their set limit but also make their budget stretch further. An increased bankroll allows players to place higher bets and win bigger rewards over an extended period of time.

Setting a budget and sticking to it when playing mobile casino games is the responsible way of ensuring you don’t get caught in a bad debt cycle, players are required to enforce their limits by using self discipline which is not always easy, but the financial rewards are worth the effort. The benefits of being self disciplined are clear as there will be no dire financial circumstances to face if you employ responsible spending habits. A particularly wise trick that many people use when gaming at their favourite online or iPhone casino is to never use their credit card, but to rather choose one of the EFT or wallet transfer options, ensuring that at no stage debt can be incurred as the money has been transferred via your bank account and will not incur heavy repayments or interest.


Stay Away From These Businesses To Keep Your Money

Written by Toi Williams on Sep 6th, 2012 | Filed under: scams

There are several industries that aim to exploit those who are struggling financially and make it harder for people to get from paycheck to paycheck.  These businesses claim to be filling a void left by traditional lenders, but if you do business with any of these companies, you can find yourself in a deeper financial hole with much less money.  These businesses should be avoided at all costs if you would like to keep your money.

Payday Lenders

There are more than 19,000 payday loan locations spread across the United States today.  Payday loans are banned in 17 states and the District of Columbia, but they’re allowed in others states and available online.  To get a payday loan, you write a postdated check and accept a smaller amount as your loan.  For each $100 you borrow, the fee is typically $10 to $15 for a 14-day loan, translating into an annual interest rate of nearly 400%.  A better financial solution would be to save few hundred bucks in a reserve account so you won’t need a payday loan.

Buy Here, Pay Here Car Lots

These days millions have turned to “buy here, pay here” car lots because subprime loans to buy cars are harder to find.  These dealers offer older, high-mileage cars, often with steep markups, and loans that carry interest rates that can be more than 20%.  The dealers offer the financing themselves and borrowers typically have to make their monthly or biweekly payments at the car lot.  The costs charged by these dealerships are so high that many borrowers default on the loans, allowing the dealerships to repossess the cars and resell them again.

Rent To Own Retailers

The $7 billion rent-to-own industry specializes in convincing you to pay two to four times the retail cost for furniture, computers, appliances, and electronics, paying for the purchase a little at a time over a number of weeks.  If you fall behind on the payments, you will get a visit from repo men there to take the merchandise back, leaving you without your money and the items you were purchasing.  You don’t have to be a savvy or thrifty shopper to get a better deal than rent to own, as there are many venues available for you to get discounted or used merchandise that will need your needs.