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Should You Accept Family Money?

Prairie Eco-Thrifter

Daughters and sons of very wealthy families sometimes want to disown the family wealth in order to prove themselves. Some grown children move thousands of miles away and change their names in order to avoid the ‘taint’ of the wealth and family name. They may be offering it for their own benefit, more than yours.

Money 124
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Buying a Home With the Help of Mortgage Insurance

Prairie Eco-Thrifter

But more significantly, it’s also prevalent in the big things; buying an enormous five-bedroom house for a family of three, for example, that takes up vital resources (gas, electricity) in addition to costing a fortune. In this economy, unfortunately, it may be the only way to prevent foreclosure.

Insurance 185
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How to Handle the Stock Market Roller Coaster Ride?

Prairie Eco-Thrifter

Even if you aren’t invested in the market, you wonder if this will ripple down to you in the form of more job losses, higher prices, inflation, benefit reductions and belt cinching. I may replenish our supply of fuel oil, matches, candles, lamp oil and wicks. This Is An Opportunity to Build Family Wealth.

Recession 176
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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. Know where these items are, and make sure other family members know as well. If you have limited storage space, at least put together a 72-hour kit for each member of your family.

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Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

Knowing I had the financial backing to live through negative life events (divorce, job loss, catastrophe, etc) removed a level of stress from my life. I am not to that point yet, but many very wealthy families worry about the safety and security of their members. Having enough money can remove stress from your life.

Money 247
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10 Things To Do When You Lose Your Job

Prairie Eco-Thrifter

There is sometimes a waiting list or it may take some time for your application to be processed so the quicker you do it the better. Until you have a job again, focus on keeping your financial reserves, as you may end up regretting paying that extra $20 a week off your debt. Talk to friends and family.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

After paying off the debt, she was able to quit her job to pursue her passion. Tell us about you and your family. We also went through multiple job losses, surgeries, huge car repairs, etc. We went out to eat with our families, and I went around saying “WE PAID OFF OUR HOUSE!” Where are you from?

Debt 236