Abandon Ship…Maybe!

abandon ship maybe“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
– Warren Buffett, Berkshire Hathaway, CEO

Each of us only have so much time to achieve our financial goals so if you find your plan isn’t working out it may be worth while looking at a backup.

IMPORTANT… I am not suggesting if your career is “hard” to find an easier one… all careers have difficult aspects.. this is not a “grass is greener” suggestion.

As well, I am NOT talking about giving up or quitting before giving it everything you can.

This is only something to carefully consider if you really don’t see your current situation being able to get you where you want to go.

Of course this option isn’t available for all situations. For instance if your credit score is bad you can’t scrap it and get a new one…

With a credit score you need to slug it out until it is where you need it to be…

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You OK With Mediocre?

you ok with mediocre?“If Columbus had turned back, no one would have blamed him. Of course, no one would have remembered him either.”
~ Source Unknown

This post has nothing directly related to do with your credit score but if you live with the same spirit of adventure, courage and determination your credit score will likely largely take care of itself.

Don’t settle for mediocre.

 

2TCNBGS2AKBX

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The Check is in the Mail.

the check is in the mailEver wake up in the middle of the night because you remembered the bill you were supposed to pay and didn’t?

Most of us have good intentions of paying on time but life can be hectic and unfortunately as sincere as we may be late payments still negatively affect our credit score.

If you haven’t already it is worth looking into automating some of your finances.

Most of the main bills any household needs to pay can now be paid with an automatic withdrawal from your checking account or as a charge to your credit card.

Another idea is to setup an automatic email reminder to pay your bills by a certain date.

Reduce stress and protect your credit score by automating your way to achieving your financial goals and dreams.

 

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My Goal is to Be Rich… Now What?

my goal is to be rich now whatProbably most of us have a goal or two aimed at being wealthy.

How far do you think we will get if we set a goal “to be rich” and then sit back and see what happens?

Although it is possible we might get lucky and strike it rich most of us need to set smaller, more specific and more easily measurable goals so we can keep ourselves motivated and on track.

The same goes true with your credit score.

Many people are determined they will increase their credit score but then don’t break their goal down beyond that.

Write out specific goals in your daytimer and stick to it. Set goals such as meeting with your bank to discuss budgeting or to pay off 50% of a certain credit card by such and such date.

As you cross items off the list you will feel like you’ve achieved something, keeping you motivated to keep going.

Stay at this pace and you will see your credit score steadily increase over time and then you will be able to reap the rewards of pursuing your financial goals and dreams.

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A Different Slant…

Samuel Johnson said “The chains of habit are too weak to be felt until they are too strong to be broken.”

Mr. Johnson more than likely was referring to negative habits but I think we can take a different look at this quote.

What if we use this quote to encourage us to develop positive habits?

Pay your bills on time, save some of your income each month, work on improving your credit score, read a book about your career every month, do something everyday to move you closer to your financial goals and dreams…you don’t have to do all of these but what if you made a habit of a few of these?

When these habits become too strong to be broken think of how positively it will affect your life?

What habits will you start today?

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How to Save Money on Your Existing Debt.

If you look after the pennies, the dollars will look after themselves.
~ J. Paul Getty – US oil industrialist (1892 – 1976) ~

These days most everyone is carrying some form of debt and although debt can be a great tool if used wisely it can also become an anchor with a significant down-side.

Either way the amount of interest paid on debt varies greatly depending on the type of debt, the credit report score of the borrower and many other variables.

Although we all like the “stuff” we get from utilizing debt I don’t think any of us enjoy paying our hard-earned money towards the interest portion of a loan.

What makes matters worse is many of us are paying higher interest rates and dishing out more money towards paying down interest than necessary…FLUSH…money down the toilet.

I came across a helpful article with a number of excellent tactics to help you save hundreds if not thousands per year on your existing debt.

http://financialplan.about.com/od/creditdebtmanagement/a/How-To-Save-Money-On-Your-Debt.htm

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Be Careful of Inquiries on Your Credit Report

Every time someone looks at your credit report, the inquiry is noted.

If you have numerous inquiries on your report, it may appear you are shopping for several loans at once – or you have been rejected by lenders.

Both make you appear a poor credit risk and may affect your
credit score.

This means that you should be careful about who looks at your credit report.

If you are shopping for a loan, shop around within a short period of time, since inquiries made within a few days of each other will generally be lumped together and counted as one inquiry.

You can also cut down on the number of inquiries on your account by approaching lenders you have already researched and may be interested in doing business with – by researching first and approaching second you will likely have only a few lenders accessing your credit report at the
same time, which can help save your credit score.

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Liar Liar Pants on Fire

It may seem obvious, but plenty of people will lie about their credit score or even falsify their loan applications because they are ashamed of a bad score.

Not only is this illegal, but it is also completely ineffective.

Your credit score is easy to check and not only will you not fool lenders but you may actually find yourself facing legal action as a result of your
dishonesty.

Be honest, than use our tips to boost your score.

Sign up for our email newsletter where you will receive a new credit score tip daily aimed at increasing your score by clicking below…

Click here to boost your credit score

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Do Something EVERY Day!

There’s a short 2 minute video on the Happiness Project website that tells of the importance of doing something everyday to help insure meeting your goals.

In terms of your financial goals whether it’s to save more, spend less, make more, inprove your credit score, lower your interest rates or pay off your mortgage make it a priority to do something everyday that brings you closer to those goals.

Check out that video here

http://www.happiness-project.com/happiness_project/2010/12/video-do-something-every-day.html

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What is a Free Credit Score?

It’s amazing how often I am asked the question… what is a free credit score and what does it contain?

For all of you who are wondering I posted an article on my blog to hopefully answer all your questions.

Check it out here.

http://free–creditscore.com/free-credit-score/what-is-a-free-credit-score/

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