Thursday, April 1, 2010

KISS

Keep It Simple Stupid (KISS) Tip of the Day:

Yahoo Personal Finance has a financial glossary. I’ve found that if I’ve never heard of it, or don’t understand the explanation, it probably doesn't affect me all that much.

Finance is simple. The more complicated you or others make it, the higher the risk.
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Debt debacle

People in debt cause your investments to suffer.

You don't have to look far to see how the debt debacle in 2008 destroyed the market and the economy.

If you are out of debt but not trying to help others see the error of going into debt you are part of the problem as well.
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The average credit card

The average credit card debt per household is reported to be $9,000 and rising. This is spread over an average of up to nine cards.

For once in your life, be below average.
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Keep what you make

Keep what you make. Get out of debt.

If you have debt you're working for others. Don't be a borrower and slave to the lender.
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Don't be a fool

Don't be a fool, get out of debt.

Happy April Fool's Day!
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Wednesday, March 31, 2010

Read the fine print

Read the fine print. The smaller the print, the higher the price.

No one reads credit card agreements or loan terms yet everyone goes ballistic when companies enact or enforce what was in those agreements.

Make it easier on yourself. Don't borrow money and then you don't have to read the fine print or play silly games.
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Tuesday, March 30, 2010

A Bank

Name a store where you walk in and beg them to sell their product to you.

Answer: A Bank

Think about it.
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