Insurance and Credit

According to the credit experts, only 40% of the population has really good credit. That would be someone with a score over 700 in all 3 major reporting bureaus. This Prime Credit standing is a perfect place to be for a couple of major reasons. Minor incidents like inquiries and single late payments will probably not drop your score.

If your credit score is somewhere below the 700 mark in all 3 credit bureaus, then you are in the higher risk 60% segment and the scoring model will be very hard to predict as to what will lower or raise your credit. Getting a loan for land, housing, businesses, or even an expensive car or boat will be a crap shoot that can leave you worse off than when you started.

The credit scoring system is fixed? The credit bureaus have made it very hard to get a score of 700 and up because the lenders who fund the credit bureaus make more money in interest payments from consumers with lower credit scores. If you have a score of less than 700, then you need a fast score system to get you into a position where you’re not forking over any more of your hard-earned cash then you have to.

One thing you can do to keep your credit score up is to never incur more than 25% of your annual net income in debt. You can talk to your accountant or simply look over your tax returns to find this number. Whenever you use credit to make a purchase, make sure that you really need it and that this won’t cause your debt to go over this 25% limit.

The credit reporting system is deeply flawed, since everyone but the consumer benefits from the system. Consumers have long lobbied for change and with the 2004 Fair Credit Reporting Act, some reforms were made; but unfortunately it did nothing to require the credit reporting bureaus to maintain accurate information and of course, many question how strictly the stipulations of this act are enforced if indeed they are at all.

Let’s say that your credit score it 600 and you apply for a loan. You would lose 35 points whether you get the loan or not. If you were in the 700 bracket, you would not have had a 35 point drop. Since your goal is to get above the 700 mark you need a fast score system to get you beyond the petty problems at the lower brackets.

You should be very careful about credit repair services as well. While they can indeed have some of the negative items on your report removed, be aware that this can actually lower your credit score. If your credit score is under 700, you’re better off not removing these items at least not right away. Instead, add new accounts in good standing to balance out the negative items. Your concern should be improving your credit score instead of simply making your report “look” better.

Not rich yet? Don’t worry, almost no one else is either. Every “get rich” system is a total and complete scam. They just don’t do what they’re supposed to do. It’s a fact. The best ways to make money online the internet aren’t going to have you driving a BMW anytime soon. At best, you’ll earn a little pocket change, and might be able to buy a nice sandwich. Okay, maybe it’s not that bad, but still — let’s look at ways to earn a -little- money online, rather than a lot.

This article is a collection of methods I’ve used over the years to make real, tangible money online. No, it’s not enough to allow me to take a cruise around the world, but it is enough to make it worthwhile. Plus, anyone can do it — including you.

Freelance Writing — One of the most sure-fire ways of making money is freelance writing. There are tons of bloggers and webmasters out there who aren’t willing to write their own content — that’s fine. We can write it for them. Find a place like TextBroker.com and you can make at least $5 per 500 word article. Not bad, actually. A great way to make a couple of thousand extra per year with part-time work.

Online Savings Accounts — this way is actually government backed. Put your money into a high-interest savings account, and you’ll earn a few percentage points per year. Use a search engine like Google to find the best savings account rates. This is even better if you have your income automatically set to split into your savings account.

High CD Rates — this is extremely similar to the above example, I know. But you can make even more by finding a nice CD rate to put your money into. A “CD” stands for “Certificate of Deposit”. That’s basically a savings account on steroids, and you put your money away for a designate length of time, like a year. You can’t touch the money, but the interest rates are much, much higher. It’s worth analyzing.

Internet Marketing — this is, by far, the most overused, most misunderstood, and butchered way of making money online. Most people try to make money internet marketing by setting up a blog. This rarely works, because it takes too much time and work. Instead, set up a static website with no more than 50 articles, and build links to the site — this will give you a steady income for years, without forcing you to kill yourself working every day during that time. Just read the links below for more information.

Note: You aren’t going to get rich any time soon. If you buy into the “get rich quick” mantra, it’s easy for this to be a crippling view of yourself. Stop expecting riches next month, and try to make some pizza money today. You find the results in the long-term are better.

This is just the start. Click the links below to get to my sites where I explain the details to how I’ve built a full-time income online. No hype included.

Last week a radio personality stated that Americans were showing a trend in saving again after years and years of taking on personal debt. With a little hard work, you can start saving by first paying yourself. A three step system works best for me. 1. Add your monthly bills 2. Then, deduct that sum from your take home pay. 3. Deduct your living expenses, ie. spending money and place the remainder in savings account. This system also works if your paid monthly, just do the same thing for the whole month. Do not use checks. Instead, live off of your spending money. This system is explained as easy as 123 but I can tell you it is hard to stick to.

If your an avid credit card user or even a habitual debit card user, consider getting rid of them fast. If you don’t cut them up, muster the discipline you need to only bring them out in a dire emergency. Racking interest charges will amass before you know what hit you. My three step system will eventually bring my finances under control but it is only half of the solution. We would all like to earn more cash to save as we go. Lets say we are already putting 10% in the bank. That 10% is all we can muster. How do we save even more? The way we do that is by taking advantage of discounts. If you can save 10% on many of the purchases you make you will have saved 10% more than you would have been had you not cashed the discount. Use this method for making up for non-budgeted items. Think about it, if you had to spend an additional $50 this week, find some discounts on things you were going to buy anyway and put it back. You will not be going back to your savings account like you used to do when you got a little strapped for cash.

In an attempt to find quality discounts in my area, I hit the internet. I searched and found an outstanding source for coupons and discounts. I found a program called MyWorldPlus and after taking a free tour of the program I became a member and associate. The MyWorldPlus program allows me to save huge by taking advantage of member discounts and coupons. MyWorldPlus also has an excellent home based business opportunity attached which will give you another way to earn even more money for your bank account. The whole system only costs $20.00 a month and you will remain active and eligible for everything your about to read. For my $20.00 a month, I earn 1% to 20% cash back from online stores. There are over 600 of them in the network. Also, I get access and I mean full access to over 175,000 brick and mortar businesses worldwide. Lastly, don’t forget about the business opportunity that is attached to this program.

My girl and I were going to go out so I turned on my computer and found a great deal. If I purchased an entree, I would get a second entree for $1.00. She loves to eat but she loves to save a whole lot more. My entree was $1.00 after buying her entree for $12.00. I bet you eat out more than one time in a single month. Using my example, if you go out two times, you will have saved $22.00. Your MyWorldPlus membership has already paid for itself and you pocketed the remaining cash. Cash you would have given to the restaurant anyway. If you think it isn’t worth all this logging in and printing coupons, think again. Get a calculator and add it all up. 50% off on a local oil change at a national chain, 10% off on your total grocery bill, get a haircut for 10% less, it just keeps racking up. MyWorldPlus has been on the internet since 2007. They are here to stay. It will be worth your while to take a free tour and learn more about this system. I am glad I did. Take a tour here.

One of the craziest things I have found is that some of the wealthiest people look like they don’t have two dollars to their name. I guarantee you the reason stems from them being avid savers not spenders. Check us out at myworldrocks