Make Money From Your Mistakes – Learn to Invest Money There were three friends walking down, the first one fell in the deep well as he was unaware of it. Second friend saw it and he tried to get that friend out of the well, but the well was so deep that even he also fell in the well. Now, what should that third friend do? Should he make an attempt the impossible try to save those friends? Or he should just walk aside by learning from his friends’ experience? A wise man will choose the second option, right? But, the question is, are we serving the second option or still we are living in the first option?   [...] 

There are many people who feel powerful by spending huge amounts of money. Staying in debts and spending huge amounts is not a wise decision. There are many people who are addicted to spending money without take a note of their budget. Research has shown that those who have abundance of money do not take spending money as a symbol of power while a demoted person may take spending money as a symbol of power in his stride. You can feel powerful in your life while you stick to your budget in the following ways: Understand the different types of power: There are different types of power which needs to be used at different parts of your like and at different types. You can feel physically powerful, professionally powerful, spiritually powerful, and so on. Feeling financially powerful will make  [...] 

Are Your Credit Cards Increasing Your Debit? There was a village in some interior parts of an undeveloped country. They had no water connections at home and they used to get water from 10kms. away from their homes. One guy went for filling water in his bucket, he filled it and desperately and deadly he brought the bucket to his home and at the time of reaching home, he came to know that just a single hole in a bucket sucked all the water from his bucket and little of the filled water was balanced for him. How sad we feel for him, right? There are so many people in the world who are earning money with a great hard work and are sacrificing so many fields of life just to make money and for letting the lives of own self and also of their families sound and softly. But, sometimes, at the end of  [...] 

President Obama is a history himself. The moment he was elected a new history page was written and also he continued the journey by writing so many pages of history by making some revolutionary steps to pull out the Recession. There are the roots of Recession in the Banking and Credit sector. He is about to make some dynamic and drastic changes in the Credit and Finance world by the introduction of the Credit Cardholders Bill of Rights, this week. The 100 days of President Obama were full of some realistic changes.   [...] 

The world is divided in many countries and continents, but the financial world is divided in just two parts, Debit and Credit. The recession might have affected in many sectors heavily, but one of the harsh effects seen in routine life is on the Plastic Money. The Debit Cards and Credit Cards are the major Ruling Parties of the world. People these days meet and immediately after sharing greetings, just start asking, “Hey, are you belonging to the Debit party or Credit?” And, my dear, almost all people are speechless. The selection of debit card and credit card is as tough as selecting a typical Bride in an Indian Culture. You better know yourself first, before coming in the Matrimonial market for knowing prospects!! While selecting a Bride, the most important question is, “Does the girl’s  [...] 

The economic situation is leading us towards the stage where we will be having nothing in our hand. The whole cycle of economy is inter dependant and every area is suffering from this irate and out of control time phase of economy. We never recommend you to become bankrupt but if the situation demands, do it in a systematic manner. HW Arnold has made a fantastic quote, “The worst bankruptcy in the world is the person who has lost his enthusiasm,” So, even in declaring the bankruptcy, just have a discipline. We would definitely ask you to consider the discipline before reaching the stage of bankruptcy but even if you have reached to a stage, take these points into consideration.   [...] 

If you don’t wish to get exposed, burry down your ill wills which you can’t afford to share. In the very midst of a panic financial scenario, it is better to save and cut down the crazy expenses which may prove cruel for you afterwards. It is very well said by a philosopher that “when you walk in market with a bag of money, just take care of your earnings because you need to survive and even the people want to”. The same thoughts are practical in this phase as the banking institutes have decided to raise their bank fees and make huge earnings out of your earning. The banks have raised $2 on the online payment of your bill and recently in this month the service fees for your account is raised by $1. It sounds so simple and practical that it’s a mere one dollar which is increased!!  [...] 

Have you read the news that President Barack Obama has met the executives from the banking arena at the white house to discuss about implication of stronger rules to be passed by congress? He has also demanded for complete transparency and clarity and also wishes to end the ‘abusive’ rates and fees especially those which are charged by TARP i.e. the trouble asset relief plan.  Ed Mierzwinski, the consumer program director of US PIRG, which is the federation of state public interest research group showed his excitement and stated that Obama was the new Sheriff of the town. On Capitol Hill, both the US House and Senate are trying their best to pass the consumer protection bills for protecting the rights and privileges of the customer. The main item on the agenda is to protect the credit  [...]