Debtslaying.com – New and Improved

Well this has been a long time coming and I finally got around to updating Debtslaying.com.  I have changed the theme, came up with a new logo (designed by me, not too bad) and the focus of this blog will be changing as well.

First off, this will be an actual blog. Over the past year or so this site somehow turned into an Amazon.com associate site, promoting all of their products. This was not my original intent when I created Debtslaying. The new and improved Debtslaying blog will return to all things related to helping you reduce your debt.

At one point in my life my family was in $40,000 of consumer debt, I know the burden that debt can cause and the stress it can put on your relationships. There is a light at the end of the tunnel and the change has to start with you. Anyway……. back the changes I’ve made and will continue to make.

What to Expect

There are 3 main area’s that I will be concentrating on and they are as follows:

The Debt Snowball

The Debt Snowball
I’ll get straight to the point here. If you have credit card debt and you are serious about getting rid of it, debt consolidation doesn’t have to be your only option. Here is a proven method for getting it paid off as quickly as possible.

Why The Debt Snowball?

This is a very popular method for reducing your credit card debt. It’s taught by many financial experts and credit professionals, and for good reason. This method is part math and part emotion, which is also why it’s popularity is increasing.

Best Cash Back Credit Card

Have you been looking for the best cash back credit card on the market lately? If so have you ever stopped and asked yourself why?

I have owned quite a few of these credit cards in the past with cash back rewards ranging from 1% to 5%. I have never profited anything from these cards. I started out with great intentions and a plan to make money by getting back a portion of what I spent every month. On paper this is a solid plan, but in reality it came back to bite me.

I’m a modest spender normally and generally only use my credit cards for major purchases. I use them when the amounts are too big to pay with Interac or if I don’t want to carry large amounts of cash on me. This was fine for a while, I was able to make the payments on time and not accrue any interest. The plan was working, I was making money from the cards instead of the other way around. This wouldn’t last.

Is Your Email Address For Sale?

Have you ever wondered what happens to your email address once you give it an online marketer?

For the most part nothing, other than the person sending you regular emails with content and promotions/offers related to what every niche they happen to be a part of. This is the norm and one of the reasons you gave them your email in the first place.

Some of these lists can get pretty big and this presents another opportunity for the list owners to make some extra money. They can do this by either selling the email addresses on the list altogether or break it up by specific demographics (i.e gender, location, age) or the latest 1000+ people to sign up.

Where Do They Find The Buyers?

There is a site called Nextmark.com and it is one of the biggest sites for buying and selling mailing lists. This includes telephone lists, email address lists and home address lists. Currently there are over 60,000 different lists available which is crazy if you think about it and I’m sure that I am on many of them.

There is a feature that allows you to search for different mailing lists by keyword. In the example below I searched for lists related to “weight loss” and the #1 result was a shocker!

How Legit are Penny Auctions?

You’ve seen the ads posted online “Ipods for 90% off retail” and “laptops for under $20” how are prices like these possible?

The answer, is Penny Auctions and they’re popping up all over the Internet.

Before you sign-up though I thought I would give you a breakdown on how these sites make money, how you can win more stuff for much less and which site offers you the best deal.

How a Penny Auction Works

Penny auctions work very much like an eBay auction. Items are offered up for users to bid on, with each bid increasing the price of the item until the person with the highest bid is declared the winner. There are 3 key differences though.

1. Obviously as the name suggests, all bids are in increments of a penny.
2. New items are offered up every few hours and are not posted by users.
3. You need to sign up and purchase bids in advance.

Once you have successfully won an auction your account is charged the amount of your final bid plus a shipping cost to ship the item to you. These shipping costs vary depending on the size of the item you have won. Larger items such as a barbecue will cost more to ship than a gift card. The shipping charges are very reasonable and closely reflect the actual shipping fee paid to the postal service, unlike some ebay auctions shipping is not where the auction sites make their money.