IN THIS ISSUE #161
Larissa S. Bilker
Editor: Denise Troy
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In 2005, nearly one-quarter (22.1 percent) of U.S.
workers were in "bad jobs": jobs that paid less than the median wage in 1979 (in
inflation-adjusted dollars), with no employer-based health insurance or
retirement plan. The share of bad jobs in the U.S. economy has not changed in
over a quarter century.
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Letter from the Publisher
by Scott Bilker
DebtSmart Street Team
Something that's really helped me get out of debt has been helping other
people save money on their debts. Years before I wrote any books about the
topic, I was sharing my ideas for winning the credit card game with friends
and family. The more I shared, the more I learned, and the more I saved. You
"reap what you sow" as is said, and it's true! Therefore, I want to invite
you to join the DebtSmart Street Team. Our goal is to help our friends and
family keep more of their money instead of sending it to the banks. It's
easy to get involved.
Simply send an email to at least 10 people
today and tell them about DebtSmart. Send them a link to the website and
suggest that they sign up for the free email newsletter. Follow up by asking
which articles they found interesting. Tell them about your favorite articles
and what you've found that has helped you. Suggest that they take action
today to negotiate lower rates with their banks. Please send the emails now.
The more people become DebtSmart, the faster the banks will realize that we
have the power to determine which banks profit and which should go bankrupt.
Are you tired of being called by telemarketers? Receiving unsolicited
snail-mail about credit and insurance? Would it be nice if there were one
place where you can opt-out of everything?
Well, there is! The World Privacy Forum has
one web page with all the info you need to opt-out of dozens of annoying
contacts. Check it out
Bank Questions Answered
Now, if there was only a place that can answer all your bank questions.
Hmmm...of course there is. Last week, I ran across a webpage created by
the Office of the Comptroller of the Currency (OCC) for help with your bank.
It helps you find answers to your National Banking questions. Check it out
Can't decide whom to vote for? I found this online quiz that will help match
you up with the perfect candidate--kind of like e-Harmony for politics. And,
in case you're curious, the results for me were #1 Mitt Romney, #2 Bill
Richardson. I guess I'm right down the middle. Take the quiz
New Reader Comment
"Very wonderful, I took a whole day and read the
many interesting stories regarding lowering APR rates, and voila--32.2% down to
24% and 22% down to 16%. I should get two letters in the mail pretty soon.
Thanks so much!!!"
Reading the fine print in those low-rate credit card offers
by Scott Bilker
Taking advantage of
low-rate offers is almost always a good idea. That's where the bulk of
interest savings are found when you're managing your debt. However, there
may be hidden costs that need to be uncovered before deciding to accept a
seemingly good deal. It is imperative that you read through and understand
the entire low-rate offer. That includes the letter, the back of the letter,
and every bit of the fine print.
I want to talk about the details you can
expect to find in those low-rate, credit card offer letters: the conditions
that you need to consider to ensure you're going to get the better end of
this offer. They are the details I always look at and note before jumping
into any credit offer.
Finish Reading Article
10 Steps To Improve Your Financial Situation
by Gregory Thomas
Here are ten tips you can
use to help improve your personal financial situation and inevitably save
1. Pay Yourself Weekly This may seem a bit
odd, but this is an excellent way to start building a substantial savings.
On a weekly basis, pay yourself $25-$50 and immediately put it in a safe
place. You can even open a special savings account where this weekly
"payday" can be placed to help minimize or eliminate impulsive spending.
Think about it this way, if you paid yourself $25 a week, in two years
you'll have accumulated $2600 (not including interest)!!! That's almost
$3000 from just putting $25 aside every week! Take advantage of this
money-saving opportunity. Simple, yet very effective.
Finish Reading Article
"He held the phone up to the shredder..."
"Your advice is turning into a family affair. My
husband had an Orchard Bank card with a $300 limit, which he has had for two
years. He called to protest their $69.00 annual fee, and they refused. Then he
asked for a credit limit increase, which they also refused. Then he asked for a
lower interest rate, and again they refused. We have paid this card off several
times and always pay more than the minimum. He held the phone up to the
shredder, asked if they could hear it--they said yes--and he shredded the card.
Lo and behold, they called the next day and offered him a business platinum at
15% interest, but refused to increase the $300 limit. This time, my husband
refused. He told them 'why should I give you 15% on this card when I already
have 12% on the other card and that would be almost 30% on both cards!' Needless
to say, we will pay this card off and not use it. Some other company will come
along and offer him something better. We now feel that Orchard Bank is among the
worst scam artists of all the card issuers. $69.00 fee on a $300 limit? I don't
think so! Anyway, your good advice is rubbing off on all of us!"
--Sue and Ben Sheffler, Richmond Hill, GA
Read about special offer for all three of Scott Bilker's best-selling books
Household Math(tm): Is biweekly better?
Here are two mortgages: (Loan 1) Standard mortgage
for $166,792 at 6% for 30 years with monthly payments of $1,000.00 or (Loan 2) A
biweekly mortgage for $166,792 at 6.1% for 25 years with biweekly payments (once
every two weeks) of $500. Which mortgage is better? (Note: There are no
prepayment penalties for either loan. Meaning that you can pay as much as you
wish, at anytime, without penalty.)
Answer this problem
The top 10 destructive money beliefs
by Dan Klatt
If you're not making as much
money as you'd like, then you're holding onto some negative beliefs about
yourself and how much money you're capable of handling.
In this article, we'll go through 10 of the
most common (and most limiting) examples of how people hold themselves back
Subscribers to my ezine, "The Abundant Mind,"
get a Money Beliefs Quiz. From their results, I've compiled these Top 10
Destructive Money Beliefs. How many can you relate to?
Finish Reading Article
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