How much a good credit score is worth to the average adult:
Bottom Line: I believe that most people are more aware of credit reports and scores than ever before (in part due to the proliferation of services that provide that information). But do how much is it worth in sheer dollars and cents to the average adult these days?
According to Entrepreneur.com the difference in having a credit score that allows access to loans (often around 620) and an excellent credit score (generally 750+) for the average adult during the course of their life is over $100,000. Actually quite a bit more… They estimate the difference to be $158,400.
Now I’ll break down what that means to the average person:
When you think about working at least a few more years just to pay higher interest rates, I’d think that would resonate with all of us. Importantly, communicate this information to your kids. If they could start out life with good credit, it could clearly alter the course of their economic future.
Surprise - you're the most likely person to fall for a scam:
Bottom Line: At least if you fit this profile:
Surprised? You probably are. According to FINRA (Financial Industry Regulatory Authority) the most likely victim of a scam or fraud is the person who fits that profile. An easy example is the Madoff ponzi. How many smart, wealthy men feel for that scam or a myriad of others? If anything being otherwise wise and successful could lure you into a false sense of security. FINRA says that the most common and successful scams right now are investment related. Here are the top three to watch for:
The new common scam involving interest rates are those which purport to provide daily compounded interest rates often above 1 per day (which is absurd – but may seem viable based on it being a small upfront %).
A key secret of Amazon's success that we can all learn from:
Bottom Line: We all know of the importance of caring for our customers. But do we really care for them? Jeff Bezos, the founder and
Jeff Bezos still maintains the same email address that he used when he founded Amazon in the 90’s: Jeff@Amazon.com He also still reads and responds to his email. Especially if it’s a valid customer complaint. He does the same today as he did nearly twenty years ago. He sends an email with one character – a question mark to the person or people who are responsible for the issue. They then have no more than a few hours to satisfactory identify what went wrong, fix the problem and communicate to the customer and Jeff Bezos.
How easy would it be for the billionaire
If Jeff Bezos has finds time to quickly provide great care to his customers, we all can. Talk about the little things that lead to overwhelming success...
When ignorance is good for your health:
Bottom Line: We’re all familiar with the saying, “ignorance is bliss”. Sometimes I think there may be something to it but alas I’m not wired to allow myself to be uniformed (plus I’d be out of work pretty quickly). In this particular case ignorance could be in the best interest of your health.
A Baylor Health study found the following:
This information has led Baylor to conclude that there could be a new condition that exists:
There is a good chance you’ve participated in the condition to some degree. I know I have. Something is wrong with you and you begin search for what it could be. You see symptoms that match what’s wrong with you. You see what the worst possible ailment might be and begin to worry if that’s what’s really going on. This can lead to increased and unneeded worry and at worst treatment for a non-issue. Perhaps the takeaway isn’t to be ignorant but to perhaps have a proper diagnosis and then begin our own self education online with the known ailment.
For the first time ever - US isn't the biggest importer of oil:
Bottom Line: There are a couple of economic statistics in which it’s best to not lead the world. Debt and reliance on foreign energy. Unfortunately we aren’t making progress on our debt issues but we are with regard to energy.
So two takeaways…
T-Mobile - end roaming data fees:
Bottom Line: A byproduct of the smart phone era for international travelers can be an enormous data bill. Many have found out the hard way that a smart device uses data even if you don’t actively use data internationally your phone can access it and you’ll pay for it. Often in a very big way.
T-Mobile is changing the international data game. They’re ending roaming data fees internationally. This is a game changer that is aimed at stealing customers from Verizon and AT&T and will likely put pressure on them to end their data roaming practices as well.
Twitter comes public on the 15th:
Bottom Line: Here’s a quick hitter for you. If you’ve been considering investing in Twitter we now know when Twitter’s IPO will hit. It’ll be November 15th. Twitter hasn’t confirmed this, at least not officially. Twitter accidently included the data that current shareholders will first be able to sell any current shares. The date is
The last way for you to stay private on Facebook has been taken away:
Bottom Line: Last December Facebook took away the ability for new users to remain unsearchable. They did allow existing users to remain unsearchable though, that is until today. All Facebook account holders are now searchable. This means that if you are worried about someone or people, generally, finding you on Facebook, your only option is to delete your account…