How To Survive In A Plastic World, Qualifying For Credit Card.Written by Www.creditandyou.com
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It is extremely important that you dispute any inaccuracy with credit bureau, but also with company that furnished information to credit bureau. No one is going to make corrections on your behalf. “Credi-quette” --The Miss Manners Guide To Proper Credit Card Handling Once you get a card in mail, sign it immediately so no one else can use it. Note that accompanying papers have important information, such as customer service telephone numbers in case you have questions or your card is lost or stolen. File this information in a safe place – one that is easy for you to access. Call card issuer to activate card. Most cards come with stickers affixed that give you a telephone number to call. Many issuers require this step to minimize fraud and to give you additional information. Keep your account information to yourself. Never give out a credit card number or expiration date over phone unless you know who you’re dealing with. A criminal can use this information to steal money from you, or even assume your credit identity. Keep copies of sales slips and compare charges when your bill arrives. Promptly report in writing any questionable charges to card issuer. Don’t lend your card to anyone, even a friend. Your credit privileges and history are too precious to risk. Credit Card Land Mines – Watch Your Step! While a credit card makes it easy to buy something now and pay for it later, you can lose track of how much you’ve spent by time bill arrives if you’re not careful. And if you don’t pay your bill in full, you’ll probably have to pay finance charges on unpaid balance. What’s more if you continue to charge while carrying an outstanding balance , your debt can snowball. Before you know it, your minimum payment is only covering interest. If you start having trouble repaying debt, you could tarnish your credit report. And that can have a sizable impact on your life. When a negative report makes it more difficult to finance a car or home, get insurance or even get a job, it can be frustrating, embarrassing and downright painful.
To find out: additional rights you have as a credit card user, how to get your first credit card, easy steps anyone can take to repair there credit report, the different types of credit cards accounts, and how to find out if your getting the best credit card deal visit: http://www.creditandyou.com/creditcards.html it’s a free information website!
| | How To Start Investing For Financial Independence, Part 1.Written by Chris Anderson, PhD
Continued from page 1 Now let’s say after you did your analysis, looked at what had happened in past, looked at why you thought more and more people would want this property, etc., you decide that you think this property will average 20%/Yr escalation over next 2 years. MORE IMPORTANTLY, you decide that barring a major meltdown in market, you think there is little chance that you can’t at least break even after 2 years. So if you end up being right about growth, then you might net a tidy $43,000 (before taxes) or so after everything is considered. After long term capital gains at 15% let’s say, then you just picked up about $36,000 of “market’s money”. That is money that if you take a loss on next investment will not be nearly as painful as if you lost your original money. When you combine this with your original investment amount, you now have around $55,000 of operating capital for step 2. Realistically, you cannot predict how much you will make from investment. When I invest, I try to establish in my mind what is reasonable. Frequently, I have been surprised to positive and made much more than expected. Sometimes I have made less. The key being to put yourself in a low risk situation where you have a strong reason to believe market will go in your favor. To accomplish this first step, let’s look at what you really had to do: 1) Had to be willing to put $$ in harm’s way; 2) Had to educate yourself enough to evaluate risk and opportunity; 3) Had to find opportunity or be in a position to have opportunity presented to them; 4) Had to act. I would like to comment on education side. As a former professor, I have seen very smart people spend 1,000’s of hours and 10,000’s of thousands of dollars educating themselves to “earn a living”; this is a great move in many cases. On other side, I have seen very smart people who want investing to be a major source of income but will not spend any time or any money educating themselves. To me, this is a recipe for disaster. By time we finish this series, you will see that with a few simple steps, implemented over time, many people can easily produce more money than from their regular job. Furthermore, many people will put 100’s of thousands of dollars at risk but know almost nothing about what they are doing. If you chose path of making your investment dollars grow steadily with time, I hope this does not end up describing you. ** Footnote: If you are not yet at that level, here is what I suggest. First, read Michael Masterson’s book called “Automatic Wealth”. This is an excellent book on how to rapidly change your financial position while staying employed. Next, I would read Van Tharp’s new book called “Safe Paths To Financial Freedom”. Van uses a very different thought process from many and so adds a great deal of rounding. Like anything else, you will not agree with everything written in these books but they provide some great thought processes. When you have some capital and are cash flow positive, them come back and revisit this article.
Dr. Chris Anderson is a leading authority on real estate investing and has been referenced in many venues including the New York Times and USA Today. Free sign up at GetPreconstructionDeals.com for education and articles. Visit Mastermind Group for world class investing projects.
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