Financial Wake-Up Call 3-6-2007

Financial wake-up call Get Charged A Fee For Having A Credit: I just had to shake my head when I read this one – credit card companies are beginning to charge a fee if you have a credit on your credit card. Yes, you read that correctly. If you pay too much and have a credit, you can get charged a fee. While this report comes from the UK, it’s a US credit card company that is doing it. Don’t be surprised to see it here soon…

Oprah’s Ugly Secret: You’ve probably at least heard “The Secret” mentioned even if you aren’t sure what it is. Salon put together a rather scathing article about it which I tend to agree with. The affirmations aren’t bad in themselves, but not a very good way to go about financial planning relying solely on that without any other plan to get your finances in order:

The main idea of “The Secret” is that people need only visualize what they want in order to get it — and the book certainly has created instant wealth, at least for Rhonda Byrne and her partners-in-con. And the marketing idea behind it — the enlisting of that dream team, in what is essentially a massive, cross-promotional pyramid scheme — is brilliant. But what really makes “The Secret” more than a variation on an old theme is the involvement of Oprah Winfrey, who lends the whole enterprise more prestige, and, because of that prestige, more venality, than any previous self-help scam. Oprah hasn’t just endorsed “The Secret”; she’s championed it, put herself at the apex of its pyramid, and helped create a symbiotic economy of New Age quacks that almost puts OPEC to shame.

Ten Tweaks To A Daily Routine: Simple Dollar explains 10 tweaks to his daily routine to begin saving money. I have found that routine is one of the biggest ways to waste money that is out there – you get into a habit and continue it without even giving it a second thought. And those little things add up – like how I was able to save $1000 a year when I stopped drinking soda.

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3 Responses to Financial Wake-Up Call 3-6-2007

  1. davis says:

    OK, someone explain to me how the credit card companies can get away with charging a fee when you have a credit in your account?

  2. Lisa says:

    I just want to say thank you for your wordpress-plugins. They works perfect!
    Greets from germany!

  3. It is nice to see that I’m not the only one that thinks “The Secret” is New Age crap.

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