Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Posts Tagged ‘Suze Orman

Good Little Boy

with 9 comments

Total Black: $3,323.08
Total Red: $270,855.95

A discussion in the comments to Burning a Hole prompted today’s post.  I found valid but conflicting information on the internet and in those comments about how to handle credit card debt.  Even Suze Orman has modified her advice.  So I thought I’d take a moment and blog about it. Keep reading . . .

Oh, Mother!

with 22 comments

Total Black: $6.71
Total Red: $245,701.55

Palm to face!  It is with a heavy heart that I write today’s post.  Keep reading . . .

Written by Laid-off Lawyer

June 29, 2010 at 21:56

Limits and Liens and Loans

with 22 comments

Total Black: $906.89
Total Red: $241,059.05

Oh my!  Oh my!  Oh my!  I went looking for a jeep today.  Not sure how this will work out. Keep reading . . .

Semicolon And

with one comment

Total Black: -$28.87
Total Red: $230,428.32

I spent a few hours over the weekend helping my colleague again. Yes, the same colleague who has not yet paid me for work done in August and who seems to trigger multiple comments. I guess I’m a sucker for helping people in need. But in his defense, I don’t think he’s billed the company yet for our hours, so it’s not that he’s holding out on me. He’s received an offer from the government office we both worked pro bono at so he needs to finish up his consulting work as quickly as possible. You can’t work as a government attorney and have clients on the side. Keep reading . . .

Hay & Hokum

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Total Black: $65.20
Total Red: $230,481.61

I picked up a copy of a free local newspaper today: The New York Press.  I’m not sure why because I don’t read free newspapers.  I guess I find them slightly suspect.  Is their news reporting being slanted by their advertisers?  Then again—aren’t all newspapers affected by whomever pays them?  But I digress.  An article in the newspaper caught my eye, “What the Hay?” by Ethan Epstein.  The article begins: “It was a crisp Sunday morning in September when people began to file into the Javits Center for a dose of hope.  The ‘You Can Heal Your Life’ seminar is just the sort of optimistic approach these 2,000 women and men—mostly women—needed.  And it almost seemed possible since personal finance superstar Suze Orman was there to shore up the more dubious self-help nostrums.”  How could I resist reading that article.  Read the rest of this entry »

Fifth Day of Accounting

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December 10th and my fifth day of accounting.

Total Black: $65.10

Here’s the Breakdown:

Primary Checking: $0.00
Secondary Checking: $0.00
Savings: $0.00
PayPal Account (Personal): $0.71
PayPal Account (Blog): $0.00
Amazon Payments Account: $0.00
Mutual Funds Account: $64.30

FICO Score 497 [to be updated]

Total Red: $230,322.41

Here’s the breakdown:

Credit Card Debt

MasterCard: $5,637.00
Visa: $8,133.82
Visa: $5,605.17
American Express: $2,402.17
Raymour & Flanagan Credit Line: $6,010.35

Student Loan Debt

Federal Stafford Loans: $96,810.17
Private Student Loans: $33,518.49

Back Taxes

IRS (2007): $1,280.08
IRS (2008): $27,952.00
NY State (2008): $0.00

Other Loans

My mother: $42,973.16

Total black is nil, but that’s mostly because I sent nearly everything to credit cards as well as a payment to the IRS.  I realized this morning that I haven’t been counting cash on hand in my numbers.  So, I suppose total black would be up by about forty dollars to account for the cash in my wallet.  I withdrew the remaining amount yesterday evening so that I’d use cash for the next few days.  I saw a bit of the Suze Orman Show the other day.  She’s pushing a Back to Cash movement.  I’ve been dancing around that issue for some time if only to avoid debit card insufficient fund fees.  So, I decided to commit myself to using cash for six months—the longest amount of time her site allows.  Here’s hoping I can keep my promise. Keep reading . . .

Shames Most Financial

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Total Black: $75.45
Total Red: $228,312.40

Got about five pages further in Suze Orman’s The Courage to Be Rich this evening when I had to stop and think about what I had just read.  Orman relates the story of one of her clients, Mark, who recalled an experience from his childhood.  While on a school outing one day, Mark and some classmates had lunch with their minister at a restaurant.  They all sat down to enjoy hamburgers and fries and cokes with straws.  Once the meal ended, everyone put money on the table for their food.  Mark didn’t.  Instead he cried because his parents hadn’t given him any money.  I suppose he hadn’t realized before ordering that he’d have to pay eventually.  Orman tells us that years later Mark is still ashamed of that experience and still atones for it by picking up the tab or making sure others know he has money.  I suspect that if ever he found himself in a situation where he didn’t have enough money on hand he’d probably feel like a nine year-old boy again. Keep reading . . .