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5 Principles For Debt Management



Debt Management – 5 Principles to help you get your debt under control!


It has been increasingly difficult to get credit these day, whether you’re looking for a car loan, credit card, or even a home loan. So managing your debt, and having a good credit score is very important. No longer are lenders handing out zero down and no interest loans. Credit card offers these days are reserved for those with good to excellent credit.

BusinessWeek says that total household debt in the US was more than 100% of our disposable annual income last year. The average person has more than $8000 in credit card debt.

The bottom line is that our personal debt is growing at an alarming rate. You can now charge your fast food meals at many restaurants, paying interest for years on something you consumed in one sitting. Many people have taken steps to address their debt problems, including consolidating debt to lower interest rate cards, or to home equity loans, or at worst case the dreaded “B” word, Bankruptcy.

5 Principles of Debt Management

1. Create an accurate assessment of your debt situation.
Make a list, chart or whatever you’re most comfortable with, of all your debts. Be sure and include the amounts, interest rates, and expiration dates (especially on any no-interest for ## days type loans). Be sure and note any old accounts that you’ve got “laying around”, such as that department store credit account that you opened to get the 15% discount.

You can now get a free credit report online. You should make sure that you’ve got a credit report and FICO score from each of the 3 national credit bureaus: Experian, Equifax, and TransUnion. The FTC advises monitoring your CREDIT REPORT activity ON ALL 3 BUREAUS. Under a new Federal law, you have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies. allows you to request a free credit file disclosure (ie. Credit Report) once every 12 months from each of the nationwide consumer credit reporting companies. This free credit report won’t include your credit score, but it does give you a consolidated list of your debts, a record of requests for your credit history, and a summary of your rights under the Fair Credit Reporting Act.

Once you’ve gotten your free credit report, you also need to get your Credit Score. You can get your Credit Score, along with daily 3 bureau credit monitoring and other great services from

2. Make a budget and stick to it!
Making a budget helps keep from increasing your debt, while you’re trying to pay it down. Be specific and detailed in your budgeting. Except for emergencies, you should only be spending what is accounted for in your budget. Some people have found it helpful to keep a 30 day log of their spending. Carry a little notebook, or some index cards with you, and write down everything you spend each day. You’ll probably be amazed at how much money you spend on things you want, and don’t really need. The smallest things, such as that $3 cup of coffee every day, can slowly eat away at your finances. This will help keep you from getting further in debt. Your budget should define how much money you’ll send to each of your creditors monthly and how much you need for bills, and how much is left for discretionary spending. Try limiting your discretionary spending to things you can buy with “pocket cash”. This may be hardest thing you’ve ever done, but you won’t get further in debt if you only spend what you have.

3. Pay off the debts one by one.
Maintain minimum payments to the rest of the debts, but pick the debt with the highest interest rate, and send extra payments to pay it off. There is a proven psychological benefit to being able to take a debt off of your list.

4. Consider debt consolidation or debt restructuring and possibly refinancing your home mortgage.
Lower your credit card debt by 70% by consolidating. With interest rates down, it also may be time to refinance your home mortgage loan and cut your monthly payment. You can get free mortgage loan quotes at LowCostLending. When you refinance, make sure closing costs and other fees don’t outweigh the savings in your monthly payment. Another option is to get a Home Equity Loan. Home equity loans are good because they allow you to deduct the interest on your income taxes. Remember though, new credit is not a license to incur new or more debts. Once you’ve transferred a balance by consolidating, or refinancing, don’t add more charges to the old account. If you’ve got a lot of open accounts, you may want to close some of them, but you shouldn’t necessarily always cancel the old account. Having a good payment history with a few existing accounts can be better for your credit record than many canceled and new accounts.

5. If necessary, get help.
You may choose a credit counseling service, or debt counseling and debt help service to help with each step of your debt solution. Credit counselors can add accountability to your debt solution, and also serve as a source of encouragement. They are used to dealing with people with bad credit or poor credit, and can help you create a custom debt solution. They can suggest money lenders that might be more willing to make a loan to someone with a lower credit rating. Once you start reducing your debts without incurring new ones, you’ll start to see your credit score rise.

By following these simple principles, you should be able to get your debt under control, reduce it, and eventfully eliminate it.

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This Is How Cardax Is Set To Become A Top DEX On The Cardano Ecosystem




Cardano and its ecosystem have been implementing major improvements since Q4, 2020, and across 2021. Its users, stake pool delegators, and the company behind its development Input-Output Global (IOG), under the leadership of Charles Hoskinson, have been particularly focused on expanding Cardano’s smart contract capabilities.

Thus, the successful implementation of three Hard Fork Combinator (HFC) events, dubbed “Allegra”, “Mary”, and “Alonzo” have opened an endless field of possibilities for Cardano. Cardax, a decentralized exchange and automated market maker (AMM), built for this network is one of the many projects seeking to leverage Cardano’s new capabilities as the ecosystem moves to fulfill a vision of decentralization, financial inclusion, and sustainability.

Supported by the Cardano community via the ecosystem’s crowdfunding program Project Catalyst, Cardax is one of the AMM on this network aiming to provide its users with a secure and reliable product. On Ethereum, hackers have taken millions from users by leveraging security flaws.

The AMM on this network will fully support Cardano’s native token capabilities by allowing its users to trade with these digital assets, to trade with different native tokens in a single transaction and become liquidity providers with the Extended Automated Market Maker (EAMM) protocol.

These features make Cardax a more efficient, cost-efficient, and secure product set to compete with Uniswap, SushiSwap, PancakeSwap, and other AMMs in the industry as it will offer users unique functionalities. This will include the capacity to trade via Cardano’s Yoroi wallet, and liquidity provides the ability to earn fees collected on the platform.

Why Cardax Is A One-Of-A-Kind Platform For The DeFi Sector

Another unique characteristic about this platform is its hybrid model that will combine the benefits of an AMM and an order book, such as the one used in traditional exchanges, to enable trading. The end-user will be able to benefit from these dual models by leveraging efficient slippage and minimizing the risk of impermanent loss.

This is how Cardax will provide a practical solution to the most common issues present in almost every AMM currently operating in the DeFi sector. At the same time, projects building on the Cardano ecosystem will be able to access a native market for their tokens and boost their adoptions levels.

The DEX is being created in collaboration with Well-Typed, a top Haskell consultancy led by Duncan Coutts, and Mlabs, a Haskell, Rust, Blockchain & AI consultancy firm. It has also partnered with Tweag, a software innovation lab that concentrates on Haskell development for finance platforms and applications.

In 2022, Cardax will attempt to deploy its own native stablecoin to facilitate trading. Post-launch, the developers of this AMM will focus on working on its second iteration with even more features and functionalities.

As Cardano aims to become a fully decentralized and self-governor ecosystem, Cardax will be managed by its community. All CDX holders, the native token for this platform, will have a voice and say about the project’s future development.

The Cardano network and its developments have a strong community and persistent detractors. The latter claimed the blockchain has taken “too long” in deploying smart contracts, but loyal users have stayed due to its clear vision, roadmap, its security, and projects such as Cardax that could support the digital economy of the future.


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Spellfire to Huobi Primelist on January 27th



Spellfire to Huobi Primelist on January 27th

Spellfire is gaining momentum. The legend is back better than ever.

Chase the $SPELLFIRE on the most prestigious launchpads – 25th @Daomaker and on the 26th @GameFi.

Right after the launchpads, Spellfire is listing on Huobi Primelist on the 27th, one of the world’s leading crypto exchanges. Gaining a Prime List on Huobi ensures that Spellfire continues building on its exceptional reputation whilst gaining new levels of visibility for the project.

Huobi is the industry’s leading digital asset exchange in both liquidity and real-trading volume. Their partnership boosts Spellfire’s profile as one of the most anticipated blockchain games of 2022.

Spellfire’s listing on Huobi will introduce the project to a huge new audience of potential players and investors. In addition to providing our community an easy way to access the $SPELLFIRE token, it will also support its long-term value.

This news arrives shortly after the announced conclusion of funding rounds. To date, the project has raised a staggering $3.8 million and is backed by industry-leaders DAO Maker and Shima Capital amongst others.

Spellfire Re-Master the Magic is a brand new take on one of the most historically significant collectible card games (CCG) of the ’90s. Backed by the modern design implementations of the blockchain, NFTs, and Play-to-Earn, Spellfire is ready to re-enter the market at the opportune moment.

Key features

The game is among the first to introduce touchable NFT cards to the market. In addition to each NFT having a physical and digital form, they are fully upgradable and highly collectible.

Original NFT card owners can expect to earn up to 10x return on investment in passive income.

Exclusive Augmented-Reality cards create new levels of interaction with voice and gesture-controlled cards.

Players have the unique prospect of customizing and minting their own NFT cards. Members of the community and real-life landmarks can be reinterpreted for the Spellfire world.

Multichain NFTs are planned in the next steps to feature epic cross-chain battle tournaments.

The unique mix of past and future

As it stands, Spellfire is a comprehensive package that manages to pack 30 years of history into a Collectible Card Game (CCG) fit for the gamers of today, regardless of whether they feel most comfortable at a tabletop or in front of a monitor.

Players immerse themselves into Spellfire’s magical world to fight powerful monsters, wage epic wars, and become the ruler of some of the greatest realms in the land.

The nostalgic feeling many fans get from physical cards is an essential part of the experience, so the game has been designed to seamlessly blend real-world printed cards with their digital equivalents.

Spellfire gives ownership back to its players, in the form of NFT-based cards. The players will be able to own a part of the game they love whilst profiting from its success!

Re-master the Magic




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Meta Starts Developing Fastest AI Supercomputer for Upcoming Metaverse



Meta Starts Developing Fastest AI Supercomputer for Upcoming Metaverse
  • One of Meta’s main goals is to develop new neural networks.
  • Meta didn’t reveal the computer’s location or the expenditures.

Newly formed AI “Research SuperCluster” (RSC) by Facebook’s parent corporation Meta will “pave the way” towards establishing Metaverse. According to a blog post published on January 24 announcing the hardware, Facebook thinks RSC is currently one of the fastest supercomputers globally and will take the top rank when it is fully operational in mid-2022. Meta didn’t reveal the computer’s location or the expenditures related to its research and construction.

According to Camilla Russo, a decentralized financial expert, the Ethereum network is already regarded as a worldwide “supercomputer” of sorts by some in the sector.

In a Facebook post, dated January 25, CEO Mark Zuckerberg said:

“The experiences we’re building for the metaverse require enormous compute power (quintillions of operations/second!) and RSC will enable new AI models that can learn from trillions of examples, understand hundreds of languages, and more.”

1,000 Fold Increase Required

According to the researchers, one of Meta’s main goals is to develop new neural networks that can do real-time speech translations for vast groups of individuals speaking multiple languages. Future computer infrastructure would need to increase 1,000-fold in order to support the Metaverse, according to Intel’s Vice President of Accelerated Computing Systems and Graphics Raja Koduri.

Virtual reality (VR) and augmented reality (AR) technologies are often used in the Metaverse, which has been dubbed the next generation of the internet. Facebook changed its name to Meta in October to reflect its new direction away from social networking. Many giants have declared their interest and have already started developments in the metaverse sector.

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