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Ramit Sethi - Personal Finance Basics

In fact investing money while in college has so many benefits that it should probably be included on the curriculum. It's not just the self discipline of course there are many other skills you will learn. The analytical skills you need in selecting a suitable investment are the same ones you will be required to apply in the workplace. While you don't need to become an expert or have an in depth knowledge you certainly need at the very least a basic understanding. The stock market is in its simplest form just an auction but it is one with a sting in the tail for the unwary. To help you start understanding the stock market you need to think of what makes it work. Of course from your point of view you are probably going to be benefiting by having lower repayments, less worry and you'll get your credit history back on track. So it's win-win. Now to actually get a bad credit debt consolidation loan you're going to have to convince the bank or loan company that they really are going to be benefiting. Let take a worst case scenario here and assume your creditors aren't helpful. If you find that is the case then start to look at some of the options. Do you have a family member that can lend you the cash to pay off what you owe? If not, what about your bank? Ask them for a loan that you can repay over a period of time you feel comfortable with. Your choice is limited only by your imagination and of course the depth of your pockets! Whichever way you decide to invest there are some "rules" which carry across regardless. One of the fundamentals is to know what you are doing. Without this you are not investing but gambling. Let's take an example of the silver markets about 30 years ago. If you're a home owner you will find that you can often get a much more favourable rate if you take a loan which is secured on your property. Be very careful with this type of deal and be sure you cost it out based on how long you will be spreading the length of the loan over. Done carefully you can save yourself a great deal of cash by refinancing your cards but only if you go for the very best credit card consolidation loans. 

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