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In This
Issue
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Cool Quote |
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Equity Used For Down Payment |
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Income and Savings |
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Free Gas is Everywhere!!! |
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5 Lucrative Work-at-Home Jobs |
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Is Your Money Leaking? |
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"The fee was waived on my account!" |
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Find a commuting partner |
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Household Math™: Home Equity vs. Credit Card |
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Great Jobs that Profit Women: Five Flexible
Careers with Man-Sized Paychecks |
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Tech-savvy ways to shop smart and save money |
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Spend $10 Today, Be Out $100K Tomorrow |
Cool Quote
"Credit-Card-Itis: A documented syndrome resulting
in pain in the rear that runs down the thigh due to pressure on a nerve from a
wallet stuffed with credit cards."
--New England Medical Journal, 1966
More cool quotes from past issues
Scott,
Here's my question. My husband and I want to buy a home
being built in a new development. Our present home, worth $260,000, has no
mortgage except a $30,000 home equity loan. We need about $15,000 down payment
for the home being built.
Should we open a home-equity line of credit to pay the
down payment? We will be selling our existing home so everything will be paid
back at the settlement. If not, where is the best place to get the $15,000? We
have several credit cards with 0 balances. Should we take a cash advance on one
of those? Thanks.
Marian
Finish reading this article
Some 29 percent of those earning less than $50,000 say
they aren't able to save any of their salary, compared to only 5 percent of
those earning $50,000 or more. Nearly all those earning $50,000 or more are able
to save at least part of their salary (92 percent).
More credit card and debt statistics
Free Gas is Everywhere!!!
Forget $4/gallon for gas. Gas (or guns, but we'll come back to that)
is free just about everywhere right now.
"Book three nights of hotel accommodations through Expedia
and get a $50 gas card," the Los Angeles Times tells us.
The Seattle Post-Intelligencer reports, "On Friday, the
state Lottery will put 10 gallons of gas in your car for free--but only after
you buy a $10 Mega Millions quick pick ticket."
See story here
5 Lucrative Work-at-Home Jobs
When Jeff Zbar launched his freelance writing career
almost 20 years ago, a good friend remarked, "I've never met a starving writer
before." Zbar's prompt reply was, "I'm not going to be your first."
He has delivered on that promise, writing about a variety
of topics in different styles, "from journalism to corporate copywriting and
beyond, as well as public speaking on various topics," he notes. Zbar, who is
based in Florida, has been making more than $50,000 a year for some time.
See story here
Does your budget have leaks?.. or would you rather not
think about it.
Most people don't realize how much money actually slips
through their fingers in an average week. We are all working hard, trying to get
somewhere and make a nice life, and in doing so, we don't pay much attention to
the nickels, dimes, quarters and more that are slipping through our hands every
day.
You know the scenario, you basically get out of bed
running before your feet hit the floor, and the change you plop down on the
counter for that coffee you need to keep you going doesn't seem that big a
price to pay, nor the vending machine in the afternoon at work, because you are
tired, nor does the takeout pizza on the way home since you are too tired to
make dinner. But it DOES matter.
Finish reading the article
Hi Scott,
I am just bursting with excitement to email you today. I
received your books in the mail when I got home from work and read the first
chapter of Talk Your Way Out Of Credit Card Debt. I then called one of my credit
card companies that was charging me a whopping $59 (zowwy!) "member fee" each
year and followed the steps that you outlined in the chapter I just read. Just
as you said, I got the first representative who explained all of the "great
things" that the "member fee" provided, such as sending me a statement each month
"absolutely free," sending me a replacement card if it is lost or stolen
"absolutely free," yadda, yadda (seriously, do these people actually believe
what they are saying?!).
I asked for the supervisor, was told they couldn't do
anything, talked to them anyway and, big surprise, the fee was waived on my
account! I had your books less than 2 hours and already saved twice the cost of
them with a single phone call! Thank you so much for all that you do to provide
people with this great resource about a topic that most people seem to be afraid
to talk about. What a great idea to record your phone conversations and share
them! It gave me the exact action sequence and the confidence boost that I
needed, and I have no doubt that many, many people have been helped by your
efforts. Keep up the great work!
--Tina Kerchner, VA
Learn how to
"Talk Your Way Out of
Credit Card Debt"
Find a commuting partner
I saw a story about this website that helps connect
commuters. eRideShare is a free service for connecting commuters, or travelers
going the same way. You'll find this service a good way to commute or travel
inexpensively and maybe even make a few friends.
Go to website
Donna and Kyle need $10,000 to remodel their kitchen. They
will be able to repay this in 12 months. Donna gets an offer on her credit card
of 0% for 12 months with a $10,000 max and no fees. Kyle's college buddy, Vinnie,
is a mortgage broker and tells Kyle that he can get him a home equity line of
credit at the Prime rate, currently 4.25%, with no application charges or other
fees. Kyle tells Vinnie that his wife has a 0% credit card offer and asks him
which is better. Vinnie says that, in their case, the home equity line will have
full tax benefits, however they would remain in the same tax bracket. Which
option is better? The 0% credit card deal or the home-equity line of credit?
Answer this math problem
Great Jobs that Profit Women: Five Flexible
Careers with Man-Sized Paychecks
Even today, in the 21st century, a significant pay gap
exists between working men and women in the United States. According to the
National Committee on Pay Equity, in 2006 women earned approximately 25 percent
less than men in the same occupational group with similar qualifications. This
figure is especially distressing because it hasn't changed appreciably in the
last decade. The National Committee on Pay Equity estimates that this wage gap
may not close until 2057.
See story here
Regardless of your financial situation, it always makes
sense to stretch your hard-earned dollar. Harnessing the technology you have at
your fingertips makes saving much easier. There are a lot of ways to get the
things you buy on a regular basis, as well as major purchases, at deep discounts
with just a few clicks. Here are some of the best tools you'll find to shop
smart and save money on all kinds of products and services.
Finish reading this article
Spend $10 Today, Be Out $100K Tomorrow
Small amounts can make a large difference to your
finances.
As gasoline and food prices continue to rise, the squeeze
to make family budgets balance each month becomes more of a struggle. After the
big savings have been found and taken, smaller savings have to be found to make
ends meet.
This can be frustrating as it can feel like everyone is
being nickled and dimed to death. That's why it's important to realize how these
small amounts can make a huge difference in your overall financial health.
You've likely heard a million times about the little ways to save. Money-saving advice includes standards like packing your lunch
instead of buying it at work, skipping the Starbucks and making your coffee at
home, and watching videos at home instead of going out to the movies. While you
may have grown tired of hearing them, they are still as true as ever and even
more important when the economy is struggling.
See story here
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