Tag: Credit card

Scam and Fraud Rules!

  1. THE IRS WILL NEVER CALL YOU.
    Anyone claiming it’s the IRS, simply hang up and block the caller.
  2. Your Bank will NEVER call you!
    Simply hang up and block the caller.
  3. SOCIAL SECURITY will NEVER call you! Your SSN can never expire for any reason!!! Hang up and block the caller.
  4. Chinese phone calls are bugging a lot of phone numbers.
    Simply hang up and block the caller.
  5. ANY call that starts with a recorded message is a SCAM!
    Simply hang up and block the caller.
  6. ANY caller that asks for your debit or credit card information to send you a free product is a SCAM!!!
    Hang up and block the caller.
  7. ANYONE calling you about a family member is a SCAMMER!
    Hang up and block the caller!
  8. Facebook will NEVER give money for any click, like or share!
    Stop sharing such information.
  9. NEVER click on links you don’t feel sure about.
Don’t panic! Authorities of any kind will NEVER call you to ask you for your social security number, bank account number, or debit/credit card number! Don’t fall for those phone calls.
Don’t fall for false shared information on Social Media!!!
A great solution is NEVER to answer calls from numbers that are not in your contacts list!

Holidays are around the corner

November is already here and with it starts a frenzy of spending.

This is a very good time to budget your expenses, because most of my clients come to me wide eyed after the Holidays asking themselves where all the money went. We tend to forget that the year comes to an end and we need to prepare for taxes. Do you have all your ducks in a row?

I have talked about creating a budget in the past. If you haven’t done so, PLEASE start now. Make sure that you are out of debt! If you have consumer debt (credit cards, store cards, etc.) get creative about the upcoming Holidays. Expensive gifts are not going to help you with your debt, and don’t show how much you love your friends and family.
Start simply with an excel sheet, write down ALL your monthly expenses and include your credit card debt payments.
On the next column write down what you bring in every month. Subtract expenses from income and see what you have left.

If there is nothing left, then you have to set some goals and get rid of your debt as fast as possible. Wait to do some basic shopping after Thanksgiving, when prices are at their best.
Make a very conservative list of people you NEED to buy presents for. If you have kids, they don’t need 20 presents each. They can do with 2. Don’t fall for the social pressure trap, and never compare your situation with others. Everyone has their own financial situation and never forget that we create our situation.

Make these Holidays simple, happy and surrounded only by people that truly matter. You can absolutely decline invitations that do not mean anything more than more expenses, and that are not surrounded by friends.

I have cut my list down to 8 people. Everyone else, like colleagues, social acquaintances, my hair and nail salon people etc., will be very happy to receive a small package of cookies or a cake that you baked. You can easily find cheap festive baking pans in your local super market, and simply bake something. The cost of this will only thank your wallet.

I will be posting more ideas as the days go by. Have a great November, and remember! Good finances give you absolute freedom from stress and anxiety.

 

 

 

Oh, I’ll find a way… Seriously??

Today I will share a dialogue and I want you to really “listen” and think:

CLIENT: Hey, I just bought a brand new car!!! Am so excited!!

ME: What? How? Can you even afford it?

CLIENT: Well, I am in debt anyway. I will find a way to make the monthly car payments. Don’t be so uptight.

ME: OK, How much credit card debt do you have?

CLIENT: Oh, not much only about $55,000. Others have hundreds of thousands

I will not share the rest of the conversation.

My thoughts on all this, which by the way made me livid: This client makes about $4,500 per month. She has a mortgage payment of $1,800, utilities of about $800, credit card payments $900, groceries, gas etc $1,100 on average. Where will the car payment come from? Where is money to put aside for an emergency fund?

I am flabbergasted. Seriously? No thought about security whatsoever? Big mistake! Everyone in debt seems to think about today and not about the future. We are human, we can get ill, have an accident, need some cash for an emergency.

What is wrong with having a car for 10 years while you are in debt? What is wrong with being more responsible?
Please people! Create a budget and if you don’t know how to do this, contact me. This is ridiculous. This client of mine is 65 years old, has nothing to fall on, no savings, no retirement plan, still works to make ends meet.

I am more upset about this than she is, and all I hear are excuses.

I insist that our education system absolutely MUST include financial 101 as a basic part of their curriculum. We are becoming a nation of people in debt. And nobody is to blame but our choices, our decisions and our aloofness.

I went into debt because I had no choice and needed my small business to stay afloat. Never again! Never! I am debt free now and intend on remaining so. Now that my debt payments are over, I put 75% of this amount that I used to pay monthly, in an emergency fund. I already have 5 thousand. This feeling of security is priceless.

I can’t stop shouting this. I will never stop writing and hoping that my advice does not fall on deaf ears.

It is totally up to YOU. Take charge of your finances! NOW

Are we repeating the same mistakes?

Live within your NEEDS instead of within your WANTS!

This is the mantra you must learn and repeat daily. The economy is changing, I see credit card offers coming back, I see loan offers for home buyers, I see the past coming back and fast.

Haven’t we learned from the past? Haven’t we seen and felt the results of our past actions?

And when disaster strikes again what will we say then? “Oh I thought that this time things would be different?”

Wake up people. See what’s happening all around the world. Banks are failing, money is not a granted commodity any longer. Make sure that you always have an emergency fund. Financial gurus all over the world are sick and tired of repeating this.

STUFF is not important. Having a roof over your head, and food is important. Having money to pay your bills is important. And when I say bills, I don’t mean debt! Having some money aside in case you get sick.
Good finances is a way of living, is a mentality. Why do you think you need 40 pair of shoes? Why don’t you get the same happy feeling deep down when you see that you have a stash of money and you owe zero? Why do you like to be a sheep following the consumer craze blindly? Take a look around you, and stop for a moment. Think! Seriously think about millions of people who don’t have a job, who lost all their savings because the Banks decided to do so, who are losing their homes because they can’t afford to pay mortgages, or utilities. Yes this is happening people.

Do yourselves a favor and change mentality before it is too late and you come back crying and desperate because you have no way out. You do have a way out. STAY debt free. Live within your needs.

Don’t give lame excuses like oh but this dress is on sale. Do you own a dress? Then you don’t need another one if you don’t even have a budget.

My tone is harsh, I know. But this is the only way to scare you into reality. I have customers who come to me always saying the same words: “Why didn’t I listen to you earlier?” I hear it so many times that I am about to make a huge poster and hang it behind my desk.

Learn to have a budget. It is not rocket science. How much do you make, how much you you NEED to spend? (Rent/mortgage, utilities, gas, car payment, health insurance, taxes, groceries, gas). That’s it.

Hairdos, manicures, lattes, clothes, accessories and facials do not fall in the NEED category. There is so much that any coach can do if you don’t understand the basics of good housekeeping. Keep your financial house in order.

I will write more on this next week. In the meantime, stay out of trouble! I mean it.

 

Debt Relief Services: Part 1

This post has been long overdue. Having been in your shoes with huge debt and being FINALLY debt free, I want to share the entire process to help millions of you in the same situation.

I will break this into 3 parts, because I want to cover every aspect. I have written quite a few pieces about debt. Now it’s time to write the about the way you can control, get educated and put the last nail on the debt coffin!

Today, I will talk about the Internet, the myriad of companies that offer debt relief services and the one Company that actually helped me get rid of my Debt. I am honored to introduce CareOne Debt Relief Services!

In 2008 I was obliged to close one of my businesses because of the economy’s collapse and was stuck with $40,000 in debt. As many small business owners, being low in cash, I was charging everything on my credit cards. BIG MISTAKE, we all know it, but when you have no other option it’s the only way to stay afloat, or so we think.

When banks refuse to help you despite what they say, when you are trying hard to keep your business running, you wake up one morning and realize that the well is dry, that you cannot afford to pay your bills, or anything else for that matter.

When this happened to me, I decided to fight back and after a long and tedious search I found CareOne Debt Relief Services. I placed a call and was surprised to find a very savvy and polite human being at the other end of the line, who took the time to explain what the company offers, who gave me such relief and hope, that I signed up.

Here’s how it works: You add up all your credit card debt, they send letters to your creditors and strike a deal for you, which will save you thousands of dollars in interest.
In the beginning you have to keep making the minimum payments to all your cards, but as soon as the Credit Card companies accept the proposals, you are good to go.

The providers of CareOne Debt Relief Services provide multiple solutions for paying off unsecured debt.
You agree on a fixed monthly payment, you stop using those credit cards and you are in control of your Debt.

Their website, offers unparalleled support, expert advice and resources through their CareOne Community. http://Community.CareOneCredit.com/

To sign up and take the first step toward financial freedom, visit: http://www.CareOneCredit.com

The second part of this series, will be about questions I’ve come across, and my honest answers.

I wish you all the best in your effort to become Debt Free, once and for all!

Why we create debt

I have been tormented by this question for years. Growing up, I was told over and over that money doesn’t grow on trees… how many of us haven’t heard this from our parents.

Now that I am older, I see the trends and the “conditioning” of our belief system. We like to compare ourselves to others who usually have more than we do; we copy behaviors that we think are good for us, or rather our image. We have an internal need to belong, to seem successful, and to blend with the high and mighty of this world. Most of us like to feel inadequate and feel sorry for ourselves because our thought patterns derive from a place of need. But if we truly think this through, we create needs because we think that STUFF will make us happy and successful. So, we embark in this trip of no return and the psychological effect of swiping a credit card which doesn’t make us actually reach into our pockets and take cash out. So a lot of people think that since a machine swiped a transaction, we are good until…well until we get the bill next month. On we go to the next store and we do the same. Follow the pattern?

Not everyone falls in this category (some people have to get into debt for health, business, and education reasons). I am not talking about that, but about the majority of us who do, if we want to be honest with ourselves. Our teenagers have credit cards; they roam the malls because they were “conditioned” to become consumers. Even the economies of the world see the trends and measure the success of an economy by the consumer spending.

Needless to say that it is very difficult to start thinking in painfully true needs versus wants! Of course we need an extra pair of shoes, or do we? We need the brand new cell phone, or do we?

Let’s put our lives into perspective here for a moment. We actually need air to breathe, good health, a roof over our heads, a job, and food to survive. Those are true needs. We want the better car, tons of clothes, manicures, haircuts, movies, cell phones, shoes, clothes, gadgets, and the list goes on. This makes us happy for a brief moment, but then the yearning for something better and newer emerges again and again.

I will ask all of us to reflect a little and to think: We all know that we are here for a “limited” time. Nobody is immortal. When we depart from this earth, how much STUFF do you think we will take with us? Harsh question I know. But it keeps it all in perspective. So next time you feel the need to spend, think how much better it will be next month, when you owe no money to any credit card, but are still alive, well, and happy.