50 Common Financial Mistakes

50 Common Financial Mistakes
Part of becoming a savvy consumer is taking the time to learn what you need to know to avoid getting ripped off.

Somtimes you don’t know what you don’t know until somebody tells you. The 50 common finanical pitfalls that can trip people up in life.
1. Not understanding the negative impact of compound interest
2. Being more concerned about the monthly payment rather than the interest rate!
3. Using payday loans
4. Not having a savings account (or paying yourself first)
5. Buying too soon—that is, buying something on credit instead of waiting until you have the money saved up
6. Not having emergency savings
7. Forgetting the extra costs of owning a car ….insurance, gas, car maintenance etc.
8. Signing up for cell phone monthly payments and getting stuck in a contract
9. Financing an education on credit cards instead of student loans
10. Becoming addicted to gambling, online or in casinos
11. Trying at-home business scams with high startup fees
12. Not saving early enough in life for retirement
13. Not understanding of how insurance works or what it covers
14. Not securing any insurance on your car or valuables
15. Not factoring in late fees, extra charges, and taxes to a cell-phone plan
16. Having a “get rich quick” philosophy rather than a “get rich slow” strategy
17. Lack of budgeting
18. Bouncing checks and paying for overdraft fees (These will eat you up!)
19. Paying ATM fees when withdrawing cash at a bank or ATM other than one at your bank
20. Following bad investment advice
21. Not knowing how to read credit card applications
22. Rushing into a buying decision without considering all options
23. Not knowing the financial consequences of DUIs, drunk driving, speeding, etc.
24. Making minimum payments on a credit card.
25. Having addictive and expensive habits or hobbies
26. Not knowing yourself well enough to know you spending weaknesses
27. Not comparison shopping
28. Not understanding vehicle’s trade-in-values or depreciation schedules
29. Not setting aside money for maintenance of a vehicle
30. Not taking advantage of an employer contribution to a retirement plan
31. Buying too expensive of a car
32. Procrastinating on making important financial decisions like saving
33. Piling on the credit card debt
34. Not reading a lease thoroughly
35. Signing up for an extended car payment schedule. > 5 years
36. Giving out your Social Security number on the internet
37. Trusting the perception of establishment on the internet or an e-mail
38. Giving out your bank account number
39. Answering a solicited request over the telephone or e-mail
40. Answering chain letters to make money
41. Not getting business promises in writing
42. Not understanding technology enough to know deception
43. File sharing
44. Not archiving or backing up data
45. Buying without considering the service element on big-ticket purchases
46. Entering into service contracts (extended warranties)
47. Not having adequate health insurance coverage
48. Not realizing that if the deal is too good, then it probably is!
49. Being afraid to ask for advice
50. Falling victim to telephone scams
IT’S REAL,WHEN IT’S REAL!

Big Brother, Big Business

Big Brother, Big Business. In “Big Brother, Big Business”, CNBC takes a look at the companies behind the powerful business of personal information and the people whose lives are affected by it, including: a woman who lost her job due to mistaken identity; a man whose cell phone records were stolen by his former employer; a woman whose personal information was stolen from a company she had never heard of; a man who discovered his rental car company was tracking his every move. The documentary also looks at how the FBI, the Border Patrol, police departments and schools are using biometric technologies to establish identity as well as an inside peeks at social networks which  works solely to satisfy the requests of law enforcement for information about it’s  members.

Timothy Geithner

Treasury Secretary Timothy Geithner said that America’s leadership on global financial matters was at stake in the Congressional debate. If we fail to act, America will lose this opportunity to set the global agenda, “If we fail to act, American firms that operate globally will face a more balkanized system.  Geithner urged lawmakers to “be careful whose voice you listen to” in deciding what provisions to support.  However,  The printed word in the form of “news” is propaganda disguised as fact…people can be made to see paradise as hell. Meanwhile, a fearful populace continues to surrender their civil rights and constitutional protections at an alarming rate, so that their government may protect them from the rampant criminality of the masses…..The forbidden truth is that we are living by a set of lies which are necessary for short-term profit,…

And the beat goes on!

 “Everybody is living it up, both sides republicans and democrats.”  There is only one thing in this world that matters to them, and that is to keep acquiring money and more money, power and more power. There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.   While we talk of recovery, the personal pain of poverty is all around us.  Some seeds of today’s troubles were sown by the responses – or lack of them – to the financial crises of the late 1980s.

Michael jackson,bad=a smooth criminal

Whether it’s a Republican or a Democrat in power, the most powerful voice  heard in Congress and in the ears of the President of the United States…Is big business…It is money, money, money! Not ideas, not principles, but money that reigns supreme in American politics…….Money to get power, power to protect money.  Whosoever controls the volume of money in any country is absolute master of all industry and commerce……Those is positions of real power(the  ballers and thugs) are the bankers, the CEOs.   The Senate passed a bill to give tax breaks to these smooth criminals. It must be the money!  Federal Reserve theme song!

The survival of the slickest.

From the corporate boardroom: computer terminal, or a cell phone-  shots are called: The Fed is actively involved in looting  us (fraud,abuse,corruption and mismanagement) Wall Street financial firms collected more than $20 billion in bonuses in 2009…that’s  political power,the survival of the slickest.