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In today’s way of living, most people don’t consider charging something to their credit card as having spent the money; they only look at their minimum monthly payment as the way they spend money. To make matters worse they consider the credit cards’ monthly payment a given, just another monthly payment at the same level [...]
Archive for October, 2008
November 4, 2008: You’ve got a date!
Posted by admin2 on October 29th, 2008
WWW.MAPS.GOOGLE.COM/VOTE
Why we love Jim Cramer
Posted by admin2 on October 28th, 2008
Besides Jim Cramer’s colorful character, we like his ability to take his vast knowledge of finance and investment, and put it in simple terms that most everyone can understand.
He’s also humble enough to admit when he doesn’t know something, and when he’s wrong.
We also appreciate his transparency in his advice, indeed he manages his charitable [...]
Financial Weapons of Mass Destruction
Posted by admin2 on October 27th, 2008
Warren Buffett once called speculation in Financial Derivatives “Financial Weapons of Mass Destruction” and presently the collapse of the markets for CDO (Collateralized Debt Obligations) is blamed for the present state of the World Financial Market and the main reason why you are dreading checking your 401K statement.
CBS’s 60 minutes has a very interesting segment [...]
Mortgage without surprises
Posted by admin2 on October 27th, 2008
It’s no surprise: house sales are down nationwide, some of the sales are attributable to foreclosures and homes being auctioned. Generally speaking the news is not that great, but on an individual basis, the present economic environment is a great time for some people to finally afford the house of their dreams! Prices are [...]
What you should know about credit cards for students
Posted by admin2 on October 27th, 2008
Most credit card issuers have special credit cards for Students. Usually these credit cards carry a higher interest rate because of the higher risk represented by students with little or no credit history and little or no income. At the same time, if used properly, student credit cards provide the best chance for young Americans [...]
Educate yourself = Empower yourself
Posted by admin2 on October 27th, 2008
Personal Finance can be a confusing matter, but it doesn’t have to be.
The first step when dealing with money matters is to understand exactly what you are doing. Don’t rely on the marketing information given to you by the very same people and companies that are trying to sell you something, instead use a simple [...]
Posted in Debt Management, Personal Finance 
Tags: Books, Debt Management, Personal Finance 
No Comments »Confused about the stock market? Puzzled by Wall Street?
Posted by admin2 on October 27th, 2008
It can be overwhelming! Too many buzzwords, too many conflicts of interests between the people on Wall Street making editorial comments that sound like news, and selling their opinions of buy buy buy as facts, while the individual investors like you are left seeing the stock indices decrease, with the same people who stated buy [...]
Time to save money: how much is your checking account costing you?
Posted by admin2 on October 26th, 2008
Long gone are the days when banks used to pay interest on their checking account. Some of them still do, but they require a high minimum balance, and the interest rate that they offer is laughable.
Additionally, should the balance fall below the stated minimum balance, you might be hit with a maintenance fee, and using [...]
Young Adults and Credit Card Debt
Posted by admin2 on October 24th, 2008
U.S. Statistics revealing credit card debt among young adults are frightening, young Americans are being strapped along by the burden of credit card debt. These are some of the facts:
Between 1992 to 2001, the average credit card debt among young adults increased by a whopping 55%;
Between 1991 to 2001, the rate of bankruptcy among young [...]
Posted in Credit Cards, Debt Management Tags: Credit Card Articles, Credit Cards, Debt Management No Comments »
