I’ve tried several investment portfolios and programs over the past 10 years, and I must say that I have a fair share of bad and good experiences. On the one hand, it was too bad for me because I came in from a zero-background on investments, except for a basic theoretical knowledge I lend from college, which cost me a few thousand dollars in losses. On the other hand, however costly, I learned some of the fundamental truths about high yield investing.
In spite of the almost financial meltdown at Wall Street, high yield investment programs or HYIP continue to be one of the popular investments choices among young professionals. Who wouldn’t? If you are looking for quick returns for your hard-earned money, high yield investing is one of those surest means, albeit risky. You have been warned! So, how does one go about this without risking so much of one’s life savings? Here two important practical tips on high yield investing:
Read the rest of this entry »
“Be assured that it gives much more pain to the mind to be in debt, than to do without any article whatever which we may seem to want. ” ~Thomas Jefferson, Letter to his daughter, Martha Jefferson (June 14, 1787)
What does your credit report tells you? Have you bother even to look at it? Or it only interest you when a bad credit loan started giving you those sleepless nights because you found out that your income is not enough to make the repayments, much more –making both ends meet.
If you are struggling, like most young professionals I know, with the monthly burden of interest payments on loans and credit cards, here are practical tips you can consider to help yourself: Read the rest of this entry »
Credit cards have become an indispensable part of our modern lives. And it seems, as the economy worsens, we are becoming more dependent on them. I must admit, they come very handy in times of needs; on the other hand, they can also be the roots of your financial problems when not properly managed. It is so tempting to purchase your ‘wants,’ rather than your ‘needs’, when you have a high credit balance. However, in the end you see yourself calling on the customer service representative of your credit card bank, pleading to have your bill payments deferred for another month, and withstand the worst of high interest as a result.
Read the rest of this entry »
“With greater emphasis on working to live, not living to work, we are creating awareness for simpler solutions, a more creative existence with healthier, happier longevity, for those brave enough to accept the challenge.” ~Tracey Smith
“Being frugal does not mean being cheap! It means being economical and avoiding waste.” ~Catherine Pulsifer
With the worsening economy, most of us needs practical frugal living tips. No doubt.
Read the rest of this entry »
Both houses of congress approved the proposed (amended) bailout for the ailing US financial institutions. Can we sit back now and relax? Can this $700B federal aid prevent the economic slowdown? On the other hand, the domino effect of the first rejection by congress will be here for a long time. Because if you have noticed, after the rejection of the fed reserve original bailout package, it sent stocks crushing from Wall Street to the rest of the civilized world. Moreover, even after the approval of the amended package, stock markets never rebounded. What does this implies for the average career professionals?
Read the rest of this entry »
In a previous post, I wrote about reading books. Incidentally, here I will be talking about selling your books. I told you, I read a lot. Most of the books I purchased in recent years were not actually brand new. I bought these from online auctions and second hand bookstores. It’s cheaper. Besides, I am after the content.
Some of these books are paperback novels and graduate study textbooks, of which after use or reading take up space in my bookshelves. These books could be considered space waster in my home office but would be a real treasure to some out there. So, why not sell them. A few bucks would be a lot in times like these.
Read the rest of this entry »
