This is a song and video that I created to help ease some of the tension of stabilizing your finances ( i hope this works). This video is only for fun and if you are struggling to make ends meet at this time of year, I hope this video will help to bring a little smile to your face. This is my song and music video simply entitled “Broke.”
Mr Jolly, is there any real way to deal with credit and financial issues? I was married, and my wife racked up a lot of bills on my credit. Now I have a lot of bill collectors calling and harassing me constantly to pay the bills that she now refuses to help me with. There is no way I can pay all these bills right now, but the calls keep on coming. I wish I could close my eyes and make all of this go away, but that kind of thinking isn’t real. I cannot keep up this pace. Can you give me any advice that can help me?
Credit issues are a problem for LOTS of people, not just you, and trust me when I say that they ALL are getting harassed with calls just like you are. A LOT depends on how you are standing with your bills. I would strongly suggest that you make your own “assessment” of your payments, due dates and how much money you make (at least per month). Also, you need to know the “time” element of when your bills are due and “when” you get paid. I say this because when it comes to paying your debts, most people seem to lose track of WHEN these bills are actually due. In other words, if you have a car payment that is due in two days, but you don’t get paid for another week and a half, then chances are you are going to get hit with a “late payment.” It might even help for you to “chart out” the money flow of what you have each month. You see, if you are at the point where you are at least “still” making a profit after paying all your bills each month, then that should at least give you the opportunity to “budget” your payments. Also, you need to keep this in mind: If you can manage to eliminate “one” bill from your credit, then that is the same as “getting a raise.” Think about it this way: If one bill is costing you $40 a month and you manage to pay it off, then in the following months you should have an “extra” $40 more each month to work with (because you no longer have to pay it towards that particular bill… Got me?). You can take part of that money ($40) and pay a little “extra” money on “another” bill so that one can get paid off sooner as well. Do you see the picture here? Trying to pay “everything off at once” could take “many” years and lots of interest payments and frustration, but if you can manage to pay off one bill at a time then that extra money you save will help you pay off the next bill “faster.” Also, you might want to make sure that “whenever” you get paid, you “immediately” pay the “important” things “first,” like “rent and food.” You HAVE to have a place to live, and you HAVE to eat. Then just budget the rest according to when your bills are due, and try your best to live with whatever you have left to work with. At one point in my life, I was actually in this same kind of position, and now a LOT of my bills have zero balances on them. I just focused on “one at a time” and after I finished one off, the second one was a little easier to do, and the one after that was even easier. I am not at zero balance yet for everything, but I am getting “much” closer to my desired goal, and the credit card companies now hate me because they are making no money from me. They keep offering me “limit increases” in hopes that I will renew activity on the cards again. If you can budget and keep up with the “time element” of when your bills are due, then you stand a good chance of paying off “everything” with minimal damage. If your credit is so bad that you are working with a loss each month, then just follow the same procedure. You can’t pay all the bills anyway, so just pay one off at a time with a lump sum payment (if possible) and next month strategically plan how to handle the next one. If you can make a successful assessment of your salary to payment ratio, then you “can” make it work. Just do “one at a time” and life just might get a “lot’ easier for you. Thank you very much for your topic and I wish the very best for you that this new year has to offer.
Wayne Brady and Brett Jolly in concert
Mr. Jolly. I am writing this because someone owes me money. She borrowed it from me over a month ago and she said that she would pay me back within a couple of days. Well, now she keeps telling me that she is going to mail the money to me and sends me texts all the time giving various excuses, but still nothing comes in the mail. I told her that I would come pick it up from her. She lives close by but she insists that she will mail it. I don’t want to become an ogre but I want my money. She is not a bad person. Can you tell me how I should handle this without making it seem like I am terrorizing her?
I think just about “everyone” knows someone who is just plain “awful” with money. These people have the best of intentions but they lack the ability to handle finances correctly, which is probably why she needed the money from you in the first place. People like this are not mean spirited, but they are just unable to budget anything. They tend to spend money on things they “want” first and after the money has dwindled “THEN” they realize it’s time to pay for the necessities they “need.” There have actually been studies done on these type of people. Some spend out of habit. Some spend to help with depression. This lady here has inconvenienced you, and in a nice way you need to let her know that. You don’t want to come across angry or threatening with her, but you should at least let her know how disappointed you are in her. Chances are she “mishandled” your money and is now in hot water with someone else she owes money to. That should not be your problem at all, but until she can get her game together it will continue to affect you. Let this also be a learned lesson for you. When people want to borrow money, there is usually a reason behind it. If you know the circumstances, then you can better determine whether or not you want to take the risk of “lending it.” When she tells you that she wants to mail the money to you, that is her way of saying that she needs more time to get it. If she lives close by, then why not let you just come get it? The answer is “because she DOESN’T HAVE it… If you want your money, you will need to continue to ask for it. People like her will think that if you stop asking for it then you probably no longer need it anymore. Make sure to let her know that this is NOT the case. Once you finally get your money (IF you get it) then never loan anything to her again. I hate to say that, but if you do so next time and you don’t get paid then it will be YOUR fault (because you already know she is bad with money). I hope everything works out and I wish you luck. Have a great day.
singer Stephanie Mills and Brett Jolly
“Money and the economy…” The other day I saw an article that said %99 percent of us made no economic growth while one percent increased their wealth “significantly.” What that means is that the rich are only “getting richer” while the rest of us are struggling to stay where we are. I personally know of several people who do “extra” small jobs just to keep finances balanced. The other day I had a conversation with a group of people who wanted to see change. The problem is “How?” The first thing you need to ask is “What caused this situation?” That answer to that is “inflation.” When the costs of living can’t be sustained by the amount of money you make, then that means you are struggling to stay afloat. I have heard a lot of theories about how this came about, but I do believe that most of this transpired when the cost of “gas” started going up. Most of us are dependent upon gas to do the jobs needed to make a living, and if you have noticed, whenever the cost of gas has risen then “other” prices have gone up as well. If we could somehow relieve ourselves of the dependency for gas and find another alternate source, then that could be the “start” of better economic living. Walking more and driving less can help (and that might even help the insurance rates to do down). Also, we need to stop taking things for granted. Many people believe that we need to work for someone else and that is “all” that’s needed. The truth is that you can start your “own” business and have better control over your finances. Granted it would not be easy, and you would probably have to work twice as hard just to compete with the bigger companies, but it can be done. I have found that just because a company is big and well established doesn’t mean that a smaller company can’t offer better deals. If people realize the value of what you have to offer then they WILL patronize your business. Most people who work for others are never happy doing so, and they wish they could find a suitable alternative. Through better education and training you can. If you can eliminate certain bills then that is essentially the same as “getting a raise.” For instance, if you are paying $30 a month for a credit card bill then once you “rid yourself” of that bill then you will have an “extra 30 dollars” a month to spend on something else. Also, you need to itemize your spending habits. Determine just how much you spend for certain things. For instance, if you take your clothes to the cleaners a lot then you might be able to save a LOT of money by just washing your clothes on your own. Saving a dollar might not seem like much, but if you do it enough I guarantee at some point you will notice the difference somewhere. If you write your expenses down on paper I bet you can find “something” that you can alleviate that won’t waste money. Will doing any of this make you rich? Probably not… but would you settle for just “living comfortably?” I most certainly would. We don’t have to live our lives in accordance to the economic structures established by others. If you can think of a way to “do it better” then by ALL means go for it. If you are waiting for the rich to help you make more money then you are in for a major letdown. They are only interested in making more money for themselves. Make your services so “invaluable” that no one can turn you down and then make sure to “promote yourself” so that people know about you. In the end, you may accomplish much more than you ever imagined, and that would be “awesome.” Have you ever come across a small restaurant with food that was “so good” that people came from all over town just to eat there? That shows you how the power of a small business can be if they are “great at what they do.” If you have that same “small business mentality” then you can accomplish the same thing as well (and maybe do even better). Reach for your potential, and “make it” so that others “need” YOUR services. Be a little greedy, a little stingy and cheap, but in the end be “successful.” Hope your day is “inspiring” and blessed.
R&B crooner Freddie Jackson and Brett Jolly in concert
If you have a topic that you would like to feature on my Daily Thought page, you can email me directly at Brettjolly@aol.com.
Singer Anthony Hamilton and Brett Jolly in concert