Dissatisfied with the terms of your current credit card? Think of ways how you can get credit card companies to waive fees, lower your interest rates or increase your credit limit. Pick up the phone and try calling them right now. Anybody can do it. It takes persistence, organization, and patience. You also need to have credit options. You need to be able to transfer your credit balance to another credit card and fire your current credit card bank. Choose the best among them.   Get tough.

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Today’s On the Spot Light features the 20 Richest Billionaires in Finance Industry as featured in Financial News by Matt Turner. Everyone is affected by the global financial crisis. Even the world’s richest billionaires. According to Forbes, last year, the world had 1,125 dollar billionaires. However, today that number has been decreased dramatically to a meager 793. An astounding $1.4 Trillion were wiped out and vaporized in an instant.   Topping the largest losers was Anil

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The Rule of 72 is a formula used in finance particularly in investments. This is a general rule that answers the question: ”How many years will it take to double your money?” You don’t have to make difficult calculations as this rule makes it easy for you to calculate. Depending on the given rate of interest, you can probably evaluate it mentally in your head. Let’s see the following examples to determine how it works:   In how many years can you double your money

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What makes rich gets richer? We notice that the rich keeps on getting richer while some of the poor gets poorer. Kiyosaki continued his teachings on his “Rich Dad Guide to Investing”. If you are not familiar, there’s this one rule originated by the Italian Economist Vilfredo Pareto in 1897 called “Pareto’s Principle or 80/20 Rule” also known as the Principle of Least Effort. In business, we can apply it and we can say: put most of our efforts on the 20% of things that bring in 80%

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As I mentioned in my previous article on return on investments, we will now tackle the power of compound interest. You will see how powerful compound interest is as it is one of your allies in achieving financial freedom. Let’s see how compound interest works by comparing simple interest vs. compound interest. You will see that it is really advantageous that you should really leave your money UNTOUCHED in the bank.   SCENARIO 1: Suppose you were able to save your first 100,000 at the age

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A lot of us are worried in the global financial crisis that we are all facing. Companies are cutting down their costs. Unemployment rate rises. Economies are entering recession. Many are left homeless and are doing their best to make ends meet. While this scenario may be a disadvantage for a lot of us, this crisis poses an advantage and a great opportunity for the so-called “VULTURE FUNDS“. It’s a great time to hunt for their food. But what exactly are vulture funds in the

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We are now living in one of the worst global financial crisis. This is proven by the fact that a lot of economies are going into recession and trillions of stock values were wiped out. Aside from these, a lot of companies have reduced their earnings with a lot of plant closures and job lay offs. We often hear the word recession. We’ve watched news that Singapore, Germany, Japan, and New Zealand officially declared recession in their economies. But what is recession? And what caused

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One of the things that kept me thinking before when I was starting as an investor is the Federal Rate. Why is it so important? Why do the whole world of investors look at it too much? And how powerful is Ben Bernanke to control and manipulate it? We can see that a lot of times, if there was a federal rate cut, stocks will go up and rally. What’s in the federal rate cut that makes stock investors happy? And why is the Fed now continuously cuts it reaching record breaking lows of just

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We all have been hearing this famous saying that “Time is Gold”. Yes, Time is Money. In the office, when you were late, you will be deducted a portion of your salary. Time is Money. In business, especially if you have perishable inventories such as foods that can easily rot, you have to sell it quick or otherwise it will be a loss. Time is Money. In real estate investment, you need to wait for time for your investment to appreciate its value. Again, time is money. But in

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