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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:

New Name.com Promo Codes

Name.com is quickly becoming one of the most popular domain registration companies on the internet. They offer great prices on new domains as well as renewals and transfers.

Name.com is constantly changing their promo codes. While old ones expire they are replaced by new ones. So here is a list of the latest name.com promo and discount codes as of March 20th 2009.

Latest Name.com Promo Codes
Renew .com .net and .org domains for only $7.69 using promo code: NPENBY – No Longer Working

New .com and .org domains for $7.99 using promo code: LORENA – No Longer Working

Renew .com .net and .org domains for only $7.69 using promo code: SAUDADE

New .com and .org domains for $7.95 using promo code: IPANEMA – No Longer Working

That’s it so far. I will keep updating these codes as I find them. I have saved a ton of money on over 20 domains using these codes.

UPDATE:
These are working as of May 12th 2009

Save .99 off a new .com or .net domain using promo code: PIRIGUETE – This is no longer valid

Save .90 on renewals of .com or .net domains using code: EATATCHANS

Get a new .com or .net domain for $8.25 using coupon code: GREENBOW – This is no longer valid

Get a new .net domain for $7.25 using promotion code: HTESROB I used this 2 days a go to register huggiesdiapercoupons.net – This is no longer valid

*Update June 3rd 2009*

Get a new .net domain for only $7 using name.com promo code – parkhill – This is no longer valid

Save .59 on a new .com or .net using promo code – washpark – This is no longer valid

$8.20 for a new .com domain registration using name.com promo code – stapleton -This is no longer valid

Update September 2009

$8.19 for a new .com domain registration using name.com promo code – diptera

Renew your .com .net or .org domains for only $8.25 using name.com promo code – chilopoda

I’ll post more as I test them.

Enjoy.

Lump Sum Lottery Winnings

This is an interesting topic, here in Canada a group on 13 office workers have just won the second largest jackpot in Canadian history. That was enough to start up our own lottery pool again and with that came the discussion of lump sum lottery winnings. What are the options and is it really worth it to take the lump sum over the structured yearly payout.

I was surprised to learn that in the US some states don’t offer lump sum payouts on lottery winnings rather opting to go with a large one time payout. I guess it comes as no surprise that this opened the door for investment companies to come up with their own programs for capitalizing on lump sum lottery winnings and taking a chunk of the cash as profit.

With in our groups discussion we had a few questions about how the lump sum payouts actually work. I thought that I’d do a little research and find the answers myself. Below are the answers to our 5 questions about lump sum lottery winnings.

1. How much of the money do we get to keep, assuming a $1,000,000 winning?

Answer: I went online to get a quote from one of these investment companies and got a response back in 5 minutes, they really wanted my money. After a few questions they came back with the quote of roughly a 20% fee. That seems a bit high but I guess it is reasonable if they are forking out $800,000 cash. This is negotiable though as the lottery winners we are in control, there are many companies that what this kind of business.

2. Do we have to sell the whole amount all at once?

Answer: No, we can split up the lottery winnings payouts however we like. So we could sell 50% of the annual payments and still receive a large sum of the lottery winnings plus get monthly payments. The payment splits are really up to you and the investment people they seem to be pretty flexible.

3. What kind of fees hidden or otherwise are we going to have to pay?

Answer: Apparently none. The lender is responsible for dealing with the court fees and paperwork nothing else out of pocket for us. Sweet.

4. Can’t we just go to the bank and sell it to them?

Answer: Nope. They don’t do structured settlement payments. At least not at my bank, and my bank rep said most other banks won’t either as it is not a simple transaction. She also recommended that we get our own lawyer to go over the paperwork before signing anything. Smart lady, that’s why my money is with you 

5. What lottery#’s are we going to play to win all this money?

Answer: Quick picks, keeping track of everyones personal picks is a pain and so many people use the same low numbers (birthdays, anniversaries etc…) that you end up with a ton of duplicate numbers. Save your birthdays for your own personal tickets and keep them out of the group numbers.

There you have if folks, the low down on lump sum lottery winnings. I seriously hope you have to reference this info once you win the lottery, just not on the same draw as me :)