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Letter from the Publisher by Scott Bilker
to see The Pink Panther on
Sunday. Great movie--I think it's Steve
Martin's best! The best part is that it
didn't cost one cent. In fact, they paid
adults, 3 kids, 2 pretzels with cheese,
4 drinks, 2 bags of popcorn AND they gave ME $15 and said,
"Enjoy the show." We've also seen
Flight Plan, Harry Potter, King Kong,
Chronicles of Narnia, and several others that I can't
remember at the moment.
credit cards! The one that works for me
is the Regal Entertainment Card (since
we have a theater in town, of course).
The key is that I can use the rewards. I
don't travel much so I can't use the
frequent-flyer mile cards.
been able to get movie rentals, free
cordless phones, even a Samsonite
computer case (valued at $150) from
using different reward cards over the
caveat is to avoid buying extra stuff just
because you get rewards. You want to use
the card for purchases you were going to
organized many recommended reward cards.
You can check them out
I do hope
you profit as much as I have using them.
This column is an
excerpt from my best-selling book,
Credit Card and Debt Management (ISBN
0964840197). It's the beginning of
Chapter 5: Math and Money. Enjoy!
I want to
begin this chapter with a personal
story. My father asked me to help him
pick out a new car. After visiting
several new car dealers in the area, we
finally found one with a car that had
the price and features we were looking
for. Once the negotiations were
complete, and the price was agreed upon,
it was time for the dealership to add in
those extras such as; tags, processing
fees and anything else they could.
the balance due for the car was
presented and we decided to finance it.
The salesman told me the length of the
loan and the interest rate. I already
knew the amount to be financed so it was
easy to calculate the monthly payments.
It was at this time that we were
instructed to go into a separate office
to read and sign the loan agreement.
books arrived and I didn't even get to
read them all before I called my first
credit card company. I just briefly
glanced at the variety of scripts under
calling credit card companies, and then
mentioned to the first operator that I
received an offer for 5.9%, and that I
would like to have my interest rate
back with "the only special I have right
now is 0% for 4 months." I said, "I'll
take it." That's $107.00 a month saving
for 4 months.
call, I was transferred to the "Account
Specialist" (it helped knowing from the
scripts in your book this could
gentleman was a very fast, smooth
talker. I told him about the 5.9% offer
and he came back with yes I paid
promptly, on time, but I hadn't used the
account often enough. So I only got 2
out of 3--not enough to get the interest
lowered. He did offer to reimburse the
annual fee of $49.00, which I did take.
He said I would now be included for
upcoming special offers.
for a 1/2 hours work!
Scott. I look forward to reading the
rest of the books for more great ideas.
haven't touched the money in your
investment account for the past three
years. The effective annual rate of
return (how much the amount has changed
over the entire year) has varied from
year to year. The returns were: 7
percent gain in the first year, one
percent gain in the second, and a 7.47
percent loss in the third. What is your
average effective annual rate of return
over that three-year period?
up surrounded by extended family, I
spent many a Sunday dinner listening to
my grandmother recount stories about her
life in which hackneyed expressions such as "look
before you leap" and "if it's too good
to be true, it probably is" were the
moral lessons of that day. Some may say
these seemingly trite expressions should
be dismissed as old-fashioned. I say
they have survived this long because
they are as relevant today
as they were in the past. Recently, I
was reminded just how relevant due to a
bad financial decision of a friend. I'll
call him Frank.
you have a friend like Frank who has
made the same mistake. According to
accounts of national and local news
agencies, an estimated 300,000 people
worldwide were seduced by the same "get
rich quick" investment.
Helping you with your debt is very important to me personally! If you've been
reading my articles, you know that I always encourage self-help as a first step.
However, being buried in debt can be very overwhelming, which is why you may
want to explore other options.
One of those options is professional, ongoing help with credit counselors.
I've started to check out certain companies personally so I can recommend the
ones that are worth considering!
If you would like to speak with a representative from a...
Good debt, bad debt.
Or, as I prefer to call them, good spending
decisions and bad spending decisions. Debt itself is only bad when you have less
expensive debt options that you’re not taking advantage of. That said, it might
be easier to keep in mind the quality of your spending decisions based on the
type of debt it incurs.
Jon Hanson, recognizing this important
psychological factor, has dedicated his book,
Good Debt, Bad Debt to explaining these differences and he’s right about them. For example,
he explains that mortgages are “good
debt” (or a good spending decision), whereas a loan for a wedding would be
considered a "bad debt" (or a bad spending decision). Jon’s approach to
explaining these differences is compelling and helpful.
Take a moment and think about what you would do if
your wallet was ever misplaced or stolen. Do you know what steps you should take
to protect yourself from fraudulent charges made on your credit or debit cards?
If not, check out what the Federal Trade Commission (FTC) recommends in such an
event. Knowing exactly what to do can help you prepare for the worst.
"CardRatings.com has been offering ratings
of credit cards since 1998 and has been featured by Good Morning
America, The Wall Street Journal, Consumer Reports®, NPR, PBS, etc.
Thanks to consumers like you, CardRatings.com has become the most
comprehensive free source for comparing credit card offers."
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The author(s), Press One Publishing, and DebtSmart.com shall have neither
liability nor responsibility to any person or entity with respect to any loss or
damage caused, or alleged to be caused, directly or indirectly by the
information contained in this email newsletter and/or at the DebtSmart.com web
site. The information, methods and techniques described may not work for you and
no recommendation is made to follow the same course of action. Every effort has
been made to verify the accuracy of all content contained herein. However, there
may be mistakes; typographical, mathematical, or in content. This email
newsletter and the DebtSmart.com web site have been created for your
entertainment only. You must always seek the proper professional advice before
taking any financial or legal action. You have been warned.