Interview with My Loans Consolidated

• What are some of the reasons you started My Loans Consolidated?

When I first started My Loans Consolidated, I knew of a few people who were deep in debt and later on sought help from debt consolidation programs, but then eventually ended up with even more debt than before. My blog was to provide my readers as much information possible regarding everything that would make a debt consolidation program to work.

So I started to write about available debt consolidation programs, what to watch out for when offered a consolidation loan, and also tips on how to actually make it work. Many people have the wrong attitude and mindset when getting this kind of loan and therefore find themselves in even a deeper debt than before.

My blog was to help them get the most out of debt consolidation programs. This was one of my main reasons in the beginning.

• Where do you get the ideas for your blogs?

I subscribe to a lot of RSS feeds especially of those finance and personal finance blogs or news. From there I find interesting topics that triggers new ideas on how to help my readers.

• What are some of your favorite financial topics?

Besides personal money management, cashflow and combating debt, I am interested in the general world of business and economy. I am not much of a stock fan as I don’t personally believe in investing in companies. For me it is a too risky game especially in these times. But note that I am not saying it is wrong to invest now. J

Another topic that interests me that may affect my finance and investing decisions is the overall economic forecast. The vast majority are now trapped in the routine of fighting against debt and therefore do not have the energy or time to look up and see ahead in terms of what is likely to happen to the economy in general. You may not realize that understanding accurately where this is all heading will help you make your today’s decision in terms of where you spend or invest your money, so as to shape your tomorrow.

I believe in order to have a more holistic view of your finance you ought to know what lies ahead or what the forecast is so you make better decisions today.

• What 3-5 of your blogs would a viewer need to read, to grasp a better understanding of economics?

That is a rather difficult question to answer. You may have to read more than just 3-5 blog posts. And also economics is a broad subject which needs a lot of reading and also discipline in applying to really understand it. I prefer my readers to understand the origins of money first. Many would disagree with me, I believe, but personally I think it is important to understand this so you know how the whole system is engineered to set you up in deep debt in the first place.

There are several blog posts regarding this topic I have put up but I think the first thing that I would recommend people is watch a series of videos that I have put up here http://www.myloansconsolidated.com/2008/12/18/interesting-video-money-as-debt/ which will show you the banking system that traps you in debt.

The next thing to understand is how to beat the system by beating your own debt. You will be able to find articles on debt and how to manage it all over my blog, especially in this category. But in order to beat debt, one should master the art of money management and self-control. Posts on these topics can be found under the personal finance category.

Then you go ahead and read forecasts about the world’s economy. By doing this you will be able to make right decisions today to anticipate your future and protect your family. These days are strange. You may think that the worst is over but it may actually not be. And before you go take a nap in your comfort zone again, you should understand what the future really has for you so you can prepare. I have a special section in my blog regarding this which I named News.

• How does My Loans Consolidated differ from other financial blogs?

I have seen a lot of great financial blogs that cover specific topics deeply which I really enjoy myself too. My Loans Consolidated does not have that specific in-depth coverage about one certain topic, but it certainly offers my readers a broader view about money, finances and also today’s economy.

• What is some key advice you could offer our financially struggling readers?

Self-control. Many are getting help to get out of debt, for example by applying for modification loan or consolidation loan or government grants and such. But in the age of immediate gratification, it is extremely hard for people to have self-control, and this is probably the main reason why people are deep in debt in the first place.

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