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Although I am sure that someone at the State Department will argue otherwise, Cyrus The Great (590 - 529 BC), founder of the Persian Empire, was no terrorist. Quite far from it. Although one might not have wanted him as next-door neighbor, Cyrus II of Persia was very illuminated for his times, according to the Greek historian Herodotus. Cyrus, in fact, beheaded only those who would not bend under his rule. But all others were spared. Such was the case...
Individuals and Small/Medium Businesses (SMBs) look to the Financial Services Industry to help them invest in their economic futures. Managing funds and controlling monetary risk are what these financial professionals do, yet sharing your information with a financial specialist has an amount of risk unto itself. What types of information are shared? When accounts are opened or transferred as an individual or SMB, personal identifying information is inevitably transmitted between you and your financial services representative (and sometimes their support staff).
David Porter over at Pacesetter Mortgage alerted me to a debate that's happening in the financial blog space regarding whether zero-down mortgages are bad for the American economy or not. David's opinion is that zero down mortgages are a good solution for a couple just starting in their "earning years", fresh out of college, ready to assume the financial burden of a higher mortgage payment but without the resources to have any sort of down payment.
The number of consumer bankruptcy filings surged to a record high in 2005 amid changes to bankruptcy law, according to a survey released Wednesday. Filings soared 31.6 percent to 2.04 million last year, with about one in every 53 households filing for bankruptcy, according to Lundquist Consulting, an industry group that tracks bankruptcy statistics. "The number of consumers seeking relief of their debts through bankruptcy was at an all-time high in 2005. However, since the new law went into effect on October...
I just had to laugh when my latest bill included the following little note: "To help you reduce your balance more quickly, your minimum payment is increased with this statement." Gosh, are they really doing that to help me, or is it in fact because the recent change in credit laws have required them to increase the minimum payment calculation? Hmmm.... And then there's the lovely letter I got from AT&T Universal Card...
Almost half of all the professionals I know complain about either their student loan payments or their credit card payments. A few can't even afford their own place because their debts are so high. What are college students doing wrong? I believe that we simply don't teach our young people how to wisely manage their finances. Personally, no one ever sat me down and talked about credit, interest, saving and debt. This is partly because my parents didn't understand those things...
If you have bad credit you may be very vulnerable to fall prey to these scams and blunders. They focus on the credit-needy and come at you at the worst time- when you are in a bind to rebuild credit or trying to get a loan. Before you sign documents out of desperation know a few key warning signs. While you may be thinking that you are a very sensible person that would never fall prey to such scams, you...
Having a superb product, soaring sales and stupendous customer service are undoubtedly some of the things which go into making a successful business. But all of this is irrelevant if you suffer a financial crisis. Without a sound stable financial position the slightest shock can be enough to send your business crashing to the ground. So what can you do to ensure that all your hard work is not in vain? What can you do to make sure that a financial...
Simple tips that could save you time, aggravation and... oh right, money. With tax day just a few weeks away, there is no better time to cross your t's and dot your i's. Unfortunately, many people mix up their i's and t's, forget the dots and make common tax blunders that could easily be avoided with a little extra time and some help troubleshooting. Even before the big numbers are calculated, it can be the details that often trip up taxpayers. So before...
A word of advice. Try to plan your gift giving in advance. Don't wait to the very last minute. Last minute gifts would probably cost you more than you might anticipate. Take a calendar and your organizer. Circle every birthday, your wedding anniversary, christmas and all gift giving dates on the calendar for the entire year. For starters get an extra calendar just for your gifts to simplify your gift giving. Plan ahead a few weeks in advance. For each date, who...