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I can see what you Dave means here but I think that once again, you must look at your particular situation. Due to serious health issues over the past four years (cancer, a ruptured brain aneurysm and a stroke), our debt had sky-rocketed and had unbelievable interest rates and are underwater with our mortgage by over $48,000.00.

Ironically, the same month we signed up to do FPU through a small group at our church, I was placed on a paid administrative leave from teaching due to residual effects from my aneurysm and stroke.

During the two months which I did receive full pay and the five remaining months when I received 80% of my salary, we followed the plan as best as we could and managed to eliminate more than $10,000.00 in debt. There still remains, however, about $25,000.00.

I made the higher income so the loss of my income has been a serious blow. Fortunately, my husband is able to supplement things somewhat by doing free-lance work in addition to his regular job. I was also just had my long term disability application approved by my employer’s insurance company as well as through the teacher retirement association. Even so, there is still a huge slash in our income and I am now unable to work. No one is standing in line to hire people with brain injuries and someone who is unmeasurable.

The good news is over the past 10 months by taking what we learned through FPU, we managed to not be delinquent on any of our bills whatsoever and even have our $1,000.00 emergency fund in savings plus some extra which will cover my salary loss for the next four to five months. Also, my health insurance was through my husband’s employer rather than through my own and I have just been told that due to my situation, the life insurance I had through my employer may be eligible to continue free of cost to me until I reach age 70 due to the nature of my disability.

However, and this is a big however. Even with all of the economizing which we have done, we were still facing a shortfall of about $1,200.00 a month due to unsecured debt.

Yes, we could have tried to negotiate lower interest rates on our own but we’d tried to do that in the past after my last illness and it was to no avail back then, even though we’d been current on payments up until that point.

While I agree this should not be the first choice, I think there are times when this is a viable option. Due to cancer and a ruptured brain aneuryms and stroke, I am now on disability. Prior to my long-term disability being approved, we had a 60% loss of monthly income. Ouch!

It’s better now but still pretty sizable and when you add an upside down mortgage to that, it isn’t pretty.

I’m a former teacher and my union offered a benefit with a non-profit company who set up a DMP for us. We’d managed to make our very high interest payments earlier but knew we’d be unable too do so very soon.

In our situation, the DMP monthly fees are refunded to us after one year of completion in the program. With my health issues, the small administrative fee I pay has certainly been worth it. With my brain injury, the last thing I need is angry callers!

Now I must add that prior to going on the DMP, we’d managed to pay down $9,000 in debt in about nine months so we’d already made some good changes. It was just with the reduction in income and my inability to work, we would not be able to keep up the pace for more than a few months more. We still have a shortfall, even with the DMP but with careful management and God providing overtime and free lance opportunities for my husband, we’ve been able to get by. We decided to concentrate on our largest payment which is our vehicles which will be free and clear in just a few months and then we will at least have some breathing space.

In our case, I believe the DMP was a very good move. In fact, nowadays, negotiating a lower rate can be very difficult unless you do so through a DMP.

As far as the credit report goes, I have a monthly subscription and it has not had a negative impact on my score. Granted, I’d been current on all my bills at the time so that has helped. They are still reporting that I am paying as agreed and simply say I am enrolled in a payment program. The score has stayed the same since I began this four months ago.

when I knew we could keep our head above water for a couple more months due to back pay I am receiving on my disability claim, I contacted this company. It will still be a challenge but we are going to be able to manage the new payment. We are still working the debt snowball and will continue to do so even under our DMP. My counselor is familiar with Dave Ramsey and was very glad to hear we had done FPU.

If you are looking at a DMP, I think you need to do your homework on the company you choose before employing them. I also think you need to be in a situation such as mine where the possibility of a permanent loss of income due to employment is very real.

Also, I think you need to monitor things. For years I have paid a small monthly fee to one of the credit bureaus which enables me to pull up both my credit score and how they are reporting all accounts as often as I like at no additional charge. I also have made it a habit for the past couple of years to check all of my credit card accounts online every day for a number of years.

Yes, sure enough, last night I confirmed that when my DMP said the companies accepted the agreement, it was true. I didn’t simply take their word for it. That’s not smart! I verified things with my creditors myself, just to be safe.

I think it is is like anything else. Although someone else is making the payment on your behalf, you are still responsible for ensuring it is done. Don’t just take their word for it. That’s silly! Continue to verify things with your creditors as well on a monthly basis. It is easier to fix something right when it happens as opposed to three to five years down the road.

BTW, we did pay off three debts under the snowball plan and another one will be paid off next month. I am applying that to my car payment and will have my car paid off in February. Then, you guessed it.

As leader or Manager in an enterprise needed the ability to be able to optimize the productivity, by focusing fix all problems that arise in the workplace through mechanisms of coaching & counseling. The Manager’s role is the key to success here is to make employees manage the problems of using the resources of their own.

Data results coaching & counseling can also be used as a data source in order of succession planning. From this data we can find out the strengths and weaknesses of employees, which can be recorded to be used as consideration in planning promotions. Development of employee skills and behavior may also be known to flee through another sangria counseling results sent to HRD.

With the three skills of managers in coaching & counseling which includes listening skills (when it found a problem), defining skill problems (in order to find the true cause) and skill facilitating discovery solutions, managers are expected to be the facilitator. The Task Manager is to help optimize resources for his subjects to solve problems or achieve the target. How to do these things and what competencies you need can be found in this training.

Debt management companies are springing up everywhere. These companies help “manage” your debt by taking one monthly payment from you and distributing the money among your creditors, with whom they’ve often worked out lower payments and lower interest. This is not a loan as with debt consolidation. Sometimes people get the two confused. However, because Americans are up to their eyeballs in debt, the debt management business has become one of the fastest-growing industries today.

Companies like Consumer Credit Counseling Service can help you get better interest rates and lower payments, but at a price. When you use one of these companies and then try to get a Conventional, FHA, or VA loan, you will be treated the same as if you had filed Chapter 13 bankruptcy. Mortgage underwriting guidelines for traditional mortgages will consider your credit trashed, so don’t do it. Real debt help is found only in changing your behavior.

In short, debt management companies are out. Hard work is in. Change your financial behavior and change your life—for good. True debt management is about one thing: you controlling your money.

Real Debt Management

The good news is that there’s not some magical, mystical formula to good debt management. The solution is common sense and having a plan for your Total Money Makeover. Grandma’s simple way of handling money. Good debt management is 80% behavior and 20% head knowledge. It isn’t rocket science as some debt management companies try to make you believe.

Is it easy? No. In fact, it’s really hard most of the time. But it’s worth it. It’s amazing to see people change their lives through simple determination and having a plan that works every time. Once you have a real debt management plan in place, its only a matter of time.

We have people every week email or call us about how they have paid off $10k, $20k, sometimes even $100,000 in debt. Now, you may be thinking, “Yeah, right. They must be making six figures to do that.” NO! These are just people who are serious about getting out of debt. Many of them are making $30,000 to $50,000 when they decided to be debt free. It’s all a matter of attitude. We call it “gazelle intensity.”

A business plan has the following advantages

It helps to convince others of the planned projects: If someone has worked out a business plan, one can assume that he is intellectually engaged intensively with the project and has the serious intention to implement the project.
It is essential to raise capital: Without representation of the economics of the concept, it would be extremely difficult to attract investors.
It offers the opportunity for success: The plan is the starting point for each controlling. Each step can be retraced. Any deviation requires an evaluation and possible adjustment of the plan. Imbalances at an early stage, appropriate measures are taken.
He forces us to systematically approach: When creating a business plan, the author is forced to think through everything logically and systematically. Knowledge gaps are visible. Problems are identified. Decisions must be made. It must be considered alternatives.
It gives an overview: The finished business plan pieces together into a whole. All parts must fit. The dimension of the proposed project is visible.
It increases the chances of success: A nobody would begin construction without a blueprint. This means that a per-elaborated business plan makes the implementation of a business idea very much easier. That increase the chances of success by creating a business plan, is now confirmed by the practice. Because a faulty plan, serious deviations from the plan or a non-existent plan is the most common causes for the failure of an establishment in Germany.
It helps to better assess risks: The implementation of a business idea is always associated with risks. Risks may arise within the company itself or from the market. Risks can not be excluded. But careful planning and an awareness that in one case or another there is a risk, mitigate the negative consequences of declining significantly. Identified risks can be mitigated or eliminated, for example through financial reserves.
It helps identify dependencies: Even if a business plan is divided into separate modules, so it is important that all the chapters fit together content and the project is consistent. Make statements to the target group have an impact on the marketing plan. The communication plan must deal with corresponding figures in the budget are back. Planned revenues affect the capital requirements. If the business plan is completed, it becomes clear whether all the chapters fit together at the end of a business plan.

Whenever a business idea to be implemented concretely in a start-up projects, a business plan is needed. It does not matter how big the foundation’s projects. If someone opened a flower shop, the person needs a business plan just as if a new innovative production process was developed. The questions are the same. Only the scope of the plan will vary. But start-ups are contrary to popular opinion now no longer the only area of business plans. In large corporations it has become conventional to work with product launches, corporate expansions or purchases with the tool “business plan”.

Business plans are used for the following occasions:

• reestablishment
  succession planning
  Company sale or acquisition
  Structural change and realignment
  fusion
  cooperation
  new product introduction
  Expansion into other markets
  capital
  IPO
  Applying for public funding
  Obtaining extension of credit from the bank
  investment decisions
  Strategic planning and operational business plan update

Investors are advised to read carefully the derivative contract facilities before investing in this product. If necessary, investors are asking all the worst that may happen before signing the contract agreement.

Yes, again this ancient principles need to be reminded to investors because many investors assessed the lazy to read the contract agreement and the original play’s signature alone. In fact, whether of family education or education at the school during his childhood, surely everyone has heard the adage ‘Researching before you buy’.

“This is not to blame the investors. But sometimes the pursuit of foreign investors only interest without regard to the contents of the contract. This is what often creates problems in derivative contracts, in most cases about derivative transactions unfolding global financial markets after the collapse of the third quarter of 2008, arguably most of the blame lies on the part of investors rather than the financial institutions that provide facilities derivatives.

“I see, so far as giving the bank facility was very obedient derivatives regulation. But it sometimes raises a number of issues which I think is caused by several factors,”  the most important factors that could potentially cause problems is the lack of knowledge of derivatives investors about investing in derivative products. According to him, investors sometimes forget that investing always has risks.

“Most investors think the investment is always safe and there is no risk. And one of the main principles of investment are always risks of investment. Typically, a result of this mindset, when their investment income, appear was a commotion. His bank was to blame and so on. And if seen, the banks have been very obedient rule anyway, still expressed the possibility of bank marketing team is pursuing a strategy of giving facilities derivative derivative product sales packaging with very fine, so it managed to attract investors to buy their products without doing a deeper explanation about the products they sell.

“If this had happened and the customer has a signature, the bank is not in the wrong position. Therefore, it is important investors take an active role before signing the contract agreement. If investors need to ask all the worst that might happen,” said Aviliani.

Moreover, continued Aviliani, investors must ask the underlying funds where they will be placed later. According to him, this is very important because many derivatives contracts that seemed to give promise of the return (return) is impossible.

“There are some cases where a derivative product offering returns of up to 30%. It’s impossible. Investors need to know where their funds are placed later. Investors must ask the underlying derivative products they buy,”The development of derivative products is very fast, even beyond the speed of adaptation of regulations governing the subject. I see the banks are quite cautious in following the development of derivatives. But to watch is the derivative products issued by non-bank institutions, because more lax oversight, “said Aviliani.

Aviliani said the supervision of Bank Indonesia (BI) to the banking institutions in derivative products has been quite tight. This is proved by a ban on banks sell derivative products that are speculative in December 2008.

Capital market authority has always said it was difficult to recover money lost because of capital market products are not insured by the government and declared it as an investment risk.

However justify the events in the capital market as an investment risk to be borne by the customer so it does not have a chance to save their funds again.

Or perhaps it is not the risk of investment, but more because of weak supervision. And obviously the company that operates it is legal institutions and legal entities registered in the state official.

However investors who are victims are generally very aware of investment risks that are always touted disembowel capital market authority. If the stock price plummeted investors can understand, if the price of mutual fund investors plunged know if that’s any investment risk.

But the problem, why the investment is lost and embezzled by the ‘person’ is still called the investment risk.

Observers capital markets, investment, finance and banking Prof. Dr. Adler Haymans Manurung SE, M. Com, ME, SH explicitly says there is a very clear distinction between investment risk and the risk of outside investment.

“The risk of investments is the risk that exist within the scope of investment, but only to the extent that Adler said, indeed there are some risks that could affect either directly or indirectly on investment. But according to him should be distinguished from investment risk.

“The risks from the outside that could affect actual investment is referred to as regulatory risk. This should be distinguished from risk investment,” said Adler.

According to Adler, the investment risk only covers the risk of stock price movements, the risk of chance, risk, liquidity risk, exchange rate changes, interest rate risks and other risks that are directly related to the position of one’s investment.

“For example, macro economic issues. This could have an effect on one’s investment position and movement of the index as a whole. It could also be included in the risk of investment,” explains Adler.

But according to Adler, there is such a regulatory risk that in fact should be distinguished from what is called the investment risk.

“In it there are investors investing as a principal regulator of investment and there is a supervisor. Regulator includes a facilitator in charge of ensuring the security of investment facilities,” explains Adler.

Well, according to Adler, regulators and investment facilitator has the task of ensuring the security of investment, which is not the territory of investors.

“Investors do not need to think about safety regulations and facilities in its investments. That is your job as regulator and facilitator,” explains Adler.

Therefore, Adler stressed the role of regulator and facilitator is crucial in ensuring the security of investments. Adler said, investors should not need to be charged with the regulation should take into account the investment risk.

“The things that become the investors and investors must be taken into account only the investment risk,” says Adler.

But this time, continued Adler, inevitably investors should take into account the risk of regulatory capital markets because of the number of cases that arise, not because of the risk of investment, but because the behavior of regulator and facilitator of less guarantee the security of investors.

Many are predicting the year 2010 was a year of recovery of the global economic crisis. But not a few who still put up cautious attitude continued even predicted the coming crisis of global crisis stage two aliases.

Before going further, let’s rewind a little to recall the conditions that occurred in past crises 2007-2008. Is an innovative product called the Subprime Mortgage who becomes the main cause.

Subprime is a loan (mortgage) at high risk are offered with attractive option, at least look like it. In the first year, Sub prime borrowers are not charged interest. The new interest rate charged after the first year.

This product is an attractive choice for lower-class communities in the United States (U.S.), because it makes them have the opportunity to have their own home. So many devotees, named Subprime mortgage bonds are also traded in capital markets with a variety of derivatives innovation.

Almost all major banks in the U.S. and Europe to invest in this product. Subprime product value is unsparing reached U.S. $ 1.5 trillion.

But unexpectedly, so the first year passed, the surprise came. Subprime customers apparently many are not able to repay the following principal interest has begun to wear after a year. As a result, major banks in the U.S. and Europe haunted by failure to pay is not absurdly responsibility.

Not only the U.S. and Europe, the impact is felt almost the entire world economy and capital markets, including Indonesia. A total of 123 banks in the U.S. was finally registered bankruptcy. Stock market indices around the world also experienced a sharp correction in the top 50% in just one year.

Fortunately, in 2009 the positive sentiment and spirit of optimism to lift back the indices of global stock markets from collapse. And in 2010, with the same spirit, it is hoped will be a year of recovery.

Unfortunately, the road of recovery and restructuring is unlikely to pass easily and smoothly. According to VP of Research & Analys PT Valbury Asia Securities Nico Omer Jonckheere, the world still has to go through two stages of the global crisis.

“The recession may have ended, but the depression was beginning. The real crisis is still ahead of us,” he said in a talk with detikFinance some time ago.

According to him, most people are too happy with the euphoria of the recovery in 2009, so missed seeing the signs of the crisis continued. Nico explains, Subprime Mortgage may have passed. However, he asserted, Subprime Mortgage is not the only high-risk mortgage products in the U.S..

Products mentioned Nico is mortgage product called Alt-A and Option ARM. Both products are often known as Ninja loans (No Income, No Job and Assets), which means mortgages for people who have no income, employment and collateral.

The difference with the Alt-A Subprime and Option ARM gives customers the flexibility to pay the mortgage during the first 5 years. After 5 years will be subject to periodic adjustment of rates.

“After 5 years, the average increase in interest rates reached 80%,” he said.

According to him, this product is also a time bomb that could be judged to have an impact even greater than Subprime. If the value of Subprime was only U.S. $ 1.5 trillion, the Alt-A and Option ARM respectively to reach U.S. $ 2.5 trillion and U.S. $ 500 billion. The total value of these two products reached U.S. $ 3 trillion.

“So the property market looks stable now, just waiting for the time of adjustment of mortgage rates that will begin this year (2010-2011),” he said.

If Subprime worth U.S. $ 1.5 trillion alone makes the world in shambles, you can imagine what would happen if it turns out customers products and Alt-A Option ARM also could not repay the interest after the adjustment of interest will occur mid-year 2010.

In addition, Nico also saw commercial property loans already showing signs of collapse. For the record, the value of commercial real estate loans in the U.S. reached U.S. $ 3.5 trillion.

“Commercial property prices fell by more than 34% during 2009. Customers who fail to pay the mortgage increased from 1% to 9%. The value of default rose 423% to U.S. $ 52.7 billion from the year 2008 amounted to U.S. $ 12.5 billion,” Nico said.

The volume of commercial property transactions, continued Nico, a sharp decrease of the amount of U.S. $ 133.2 billion in 2007 to U.S. $ 4.8 billion in the first quarter of 2009.

“About 90 thousand in the U.S. commercial property is currently not occupied, empty,” said Nico.

In addition, added Nico, more than 2,600 banks in the U.S. has a portfolio of commercial property loans above 300% of specified risk limits (risk based capital).

“Therefore, hundreds of small and medium-sized banks in the U.S. who have provided loans for commercial property must prepare to face the huge losses that may inundate their resources,” he said.

Nico also said that during the year 2009, banks worldwide have been doing the bleaching of debt worth U.S. $ 1 trillion due to the increased defaults. He estimates, the bleaching of debt that will be the world’s banks during the year 2010 will reach U.S. $ 1.5 trillion.

“In mid 2010, the losses at U.S. banks will exceed the great depression of 1929,” he said.

U.S. job market is also assessed Nico potentially increased sharply up to the level of 13%. According to him, the current condition of U.S. society is very bad.

“1 of 9 Americans, or about 39 million people, depend on the Food Stamp (food stamps) are provided by the federal government,” he said.

If you have this, he added, economic conditions will certainly mendek. Without a new job then there is no income. Without income, there is no purchase of goods and services. Without the purchase, corporate profits will not increase. And finally there are no new job creation.

Severity of the current global economic conditions, according to Nico because the economic system has driven debt is too big, so it stuck on the condition of excess debt.

Based on IMF data as disclosed Nico, the debt of countries that are members of the G20 forum expected to rise on average to a level of 118.4% of the total GDP of its member countries in 2014.

“The main problem of the world economy is now no shortage of money, but the excess debt. The main problem the U.S. economy is still recovering property market, soaring government debt, high unemployment, the credit is not flowing,” he explained.

Nico also predicts the appearance of disappointing economic indicators of developed countries. Then would appear the company reports an increase in net income that is not supported by increased sales.

That means more profit improvement driven by efficiency rather than by increased demand in the market. Purchasing power has not increased. In addition, the price to earnings ratio (PER) of stocks in the U.S. have reached 26 times, a level considered too high Nico.

Over a number of his analysis, he urged market participants more cautious in making investment measures. Because, if the depression does occur, the stock indices around the world will again fall.

“Dow Jones will penetrate the lowest level in past crises at the level of 6469.95. It falls within the range of 3800-5000. JCI could fall back below 2,000 and even below 1,000,” he said.

Nevertheless, market participants suggest Nico made a sale of at least 50% of the portfolio shares into cash. Because cash is required to make purchases when stock prices were collapsing.

“In addition to securing funding, if the market falls, it could make purchases when prices are cheap. You did not earn the maximum profit potential, but you also will not feel hurt,” he said.

“And, keep in mind that every crisis or danger in the fact offer many opportunities. Now the international stock valuations are still expensive, but after the next crash will most likely all of the shares can be purchased at the price it is tempting,