Monthly Archives: November 2010

‘Tis the Season? The Walmart MoneyCard

Some of you have asked me about the new WalMart MoneyCard. Yawn. The Walmart MoneyCard is basically a prepaid Visa debit card. What does that mean? It is NOT a credit card, and you cannot charge and pay for items … Continue reading

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Playing the Percentages

One of my favorite sayings in business was always “We don’t take percentages to the bank. We take DOLLARS to the bank.” But sometimes looking at percentages, especially as a return on investment (ROI) can be helpful in comparing current … Continue reading

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Consider your opportunity cost!

One of the most basic principles of finance is the concept of opportunity cost. Simply stated, opportunity cost is whatever we give up when we make a decision regarding what to do with our money. Here’s an easy example: say … Continue reading

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Time for a change?

A great follow up to yesterday’s post about unconscious spending can be found in the following article from the Orlando Sentinel The fact is that banks are clearly rethinking their fee structures based on new banking regulations and in an … Continue reading

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Beware of Unconscious Spending!

In my debt reduction seminars, one topic that generates lively discussion is something I refer to as “unconscious spending”. To me, unconscious spending is simply any fee I pay any commercial bank or credit card company. Examples of these fees … Continue reading

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Make sure time is on your side!

It’s never too early to get started! If you’re a typical college student, thinking about long term financial goals and your eventual retirement may be the last thing on your mind. But remember the most important principal of investing – … Continue reading

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