Jul
18
Knowledge is Power
Filed Under Personal Finance, Site Stuff | 2 Comments
Over coffee yesterday, we realized that although reading about success stories is totally rewarding and motivational, it’s just not enough for those who want to learn about managing and getting out of debt. Education is everything when it comes to personal finance. So we decided that one of the goals for WBD this year is to gradually build up a knowledge base of debt management articles that will cover the A-Z of debt management. We want to empower folks who are planning to take that brave step towards financial freedom.
We already have lots of ideas, but we need your help. What would you like to read about?
Jul
17
Welcome!
Filed Under Site Stuff | 1 Comment
Welcome to We Beat Debt!
Why this blog?
We created this blog not to scare people with statistics of the debt epidemic that’s plaguing almost every one of us right now. Then again, with screaming headlines, finance experts and debt collectors in our faces every minute, it’s hard to ignore the fact that as a nation, we have seriously bad money management skills — so just this once. From MarketWatch:
A surge in credit-card debt in May [2007] pushed outstanding U.S. consumer debt up at a 6.4% annual rate, or $12.9 billion, to $2.44 trillion, the Federal Reserve reported Monday. Credit-card debts rose at a 9.8% annual rate in May, the most in six months after a revised 0.2% gain in April. (link)
The mind boggles. The numbers are rising and the only ones getting richer are the banks. We want to change that.
I get the idea, but what makes this blog any different from other personal finance blogs out there?
We realized that people were tired of listening to the horror stories of being in debt. It’d be like telling a smoker that he’s going to get lung cancer from smoking — the fear would only drive him to smoke more. What we need is a good dose of inspiration and what better than real-life stories of folks who climbed their way out of the debt quagmire! We also love a good success story, it makes us all warm and fuzzy inside.
Apart from personal stories, we will also focus on personal finance tips and tricks and the occasional book review.
Are you just trying to make money from advertising?
As lovely as that sounds, this blog is still new and blog millionaires aren’t made overnight. It’d be great if we could cover our hosting costs though, hence the presence of ads on this site.
I have a good success story to tell, can I submit it for publication?
We would love to hear from you. Just pop over to the Submit Your Story page to find out more about story submissions.
A little disclaimer…
The writers of this blog don’t profess to be financial experts in any way. Any financial advice that you choose to adopt is done at your own risk. We would encourage you to do your own research to find out what advice works best for you and your financial situation.
Now that we’ve done our little dance, we hope you’ll enjoy the ride.