Dawn Bennett - Simple Steps to Reduce Debt

Dawn Bennett of Bennet Group Financial Services knows that personal debt is both crippling for the consumer and the economy. Though debt is extremely simple to get into, it’s impossible to get out of it without setting some very basic goals and intentions to do so that will require specific actions and changes in spending behavior.

1.Begin reducing debt by focusing on your credit cards. If you have numerous accounts, limit your spending to use only one or two cards and pay off all new charges in full with each payment. At this point, do not plan on purchasing anything that you cannot pay for right now.

2.Focus on paying off one credit card at a time until they’re all paid off. Continuing to pay the minimum on each bill doesn’t work toward your accrued debt, and those cards will never get paid off if you’re never above the minimum. Try to up your payments on one card between $150 and $200 dollars per month, not including the minimum payment. After you finish one card, move on to the next or onto a different type of consumer debt that you owe with the same plan.

3.After you begin to make significant dents in your overall debt, continue with the thought process of paying everything off in full each month. Don’t make purchases that you can’t afford unless you absolutely must. In short, don’t take your relief from debt as an excuse to accrue more.

Dawn Bennett is the host of the national radio show “Financial Myth Busting.”

Sources:
http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/January-2014/six-simple-steps-to-reduce-personal-debt.aspx

Dawn Bennett - Media and Truth Regarding the American Economy

Dawn Bennett, the host of “Financial Myth Busting,” is a passionate advocate for the truth about the nature of what is actually happening with economies across the globe and how they’re all connected. The problem is that it can be difficult to find truthful accounts in the everyday news that illustrate the precarious nature of the American economy as it stands today.

While the Federal Reserve continues to tell consumers that the economy is both stable and on the rise, there are numerous red flags pointing to the fact that we’re not out of the woods yet. In fact, Dawn Bennett believes that we’re looking at another recession in the near future if it hasn’t already begun. We’ve begun to see declines among American companies through quarterly profits reports in 2015. Numerous companies in the industrial fields are beginning to cut spending according to Daniel Florness, the CFO of Fastenal Co., with nearly a fifth of industrial companies spending 25% less. The trouble is imminent.

At this rate, the consideration by the Federal Reserve to raise interest rates poses a problem with an economy that does not appear to be growing or becoming stronger. Maintaining a sense of vigilance and relying on sources that you trust is key to fully understand what we may begin to see in the near future.

At the end of the day, the best way to prepare ourselves is by creating intentional savings and diversified investment plans. Dawn Bennett is the founder and CEO of Bennett Group Financial Services.

Sources: http://dawnjbennettblog.com/
http://www.wsj.com/articles/u-s-companies-warn-of-slowing-economy-1445818298

Dawn Bennett - Tips to Learn Foreign Language

Dawn Bennett knows that being fluent in a variety of foreign languages is highly valuable in the financial services industry. As a radio show host who educates listeners about making smart financial choices, speaking different languages helps us see a more detailed picture of the relationships between individual economies to create what we know as the world economy. Though learning a foreign language can become more difficult as we become older, there are numerous methods to get you started on the right track.

• If at all possible, try to live in a country for a period of time where they speak the language that you want to learn. Though it’s entirely possible to learn without doing so, it will help you begin to think in the language and communicate fluidly much more quickly. If that’s not an option, try to revamp your leisure activities to include the language, like watching movies or listening to podcasts in that language.
• Practice every day with native speakers if possible. Language is a tool that you lose if you don’t use it frequently. If you can’t study abroad, try to connect with people near you from a language school who are native speakers of the language that you’d like to learn.
• Keep a word diary when you run across new vocabulary and revisit it every so often. Singular words must be used repetitively before they stick.

Dawn Bennett is the host of “Financial Myth Busting.” She regularly appears on Fox Channel News, MSNBC, CNBC, and more.

Sources:
 http://www.languagelearningportal.com/articles/en-GB/1415/10-useful-tips-and-tricks-to-learn-a-new-language.html