Comments for Your Money Mogul - Mindset & Financial IQ for Gen Y http://www.YourMoneyMogul.com Achieve Financial Independence as the CFO of Your Life Tue, 06 Jan 2009 23:19:13 +0000 http://wordpress.org/?v=2.6.1 Comment on Think Being a Lifestyle Entrepreneur is for You? Find out. by admin http://www.YourMoneyMogul.com/think-being-a-lifestyle-entrepreneur-is-for-you-find-out/#comment-83 admin Tue, 02 Dec 2008 05:38:24 +0000 http://www.YourMoneyMogul.com/?p=669#comment-83 That's good to know Matt. I think a lot of people fall into this category...there's more to life than just money. Thanks so much for posting a comment! And I have to agree: fourhourworkweek.com is a great blog. That’s good to know Matt. I think a lot of people fall into this category…there’s more to life than just money. Thanks so much for posting a comment! And I have to agree: fourhourworkweek.com is a great blog.

]]> Comment on Think Being a Lifestyle Entrepreneur is for You? Find out. by @ZaggedEdge http://www.YourMoneyMogul.com/think-being-a-lifestyle-entrepreneur-is-for-you-find-out/#comment-82 @ZaggedEdge Tue, 02 Dec 2008 03:29:49 +0000 http://www.YourMoneyMogul.com/?p=669#comment-82 Andrew, I answered yes to all of the questions-- Anyone interested in this should read the Four Hour Work Week http://fourhourworkweek.com Andrew, I answered yes to all of the questions–

Anyone interested in this should read the Four Hour Work Week http://fourhourworkweek.com

]]> Comment on The Next Meltdown: Credit Card Debt by sayrock http://www.YourMoneyMogul.com/the-next-meltdown-credit-card-debt/#comment-59 sayrock Thu, 30 Oct 2008 00:05:15 +0000 http://www.YourMoneyMogul.com/?p=518#comment-59 Good observations. What's even scarier is that credit card debt is being securitized and sold off just like the mortgage-backed securities. I saw a good article about this at www.financialspeculation.com. "The securitized debt backed by credit card receivables is a $915 billion industry. Increased defaults could unravel the whole game, just as delinquencies in the housing market brought down the $900 billion in mortgaged-backed securities." http://www.financialspeculation.com/index.php/archives/38-the-coming-credit-card-debt-meltdown The authors, Jose Roncal and Jose Abbo have also just written a book called The Big Gamble with savvy information about spotting and avoiding financial bubbles before it's too late. Looks like Donald Trump has endorsed it, so it's got some good stuff. Good observations. What’s even scarier is that credit card debt is being securitized and sold off just like the mortgage-backed securities. I saw a good article about this at http://www.financialspeculation.com.

“The securitized debt backed by credit card receivables is a $915 billion industry. Increased defaults could unravel the whole game, just as delinquencies in the housing market brought down the $900 billion in mortgaged-backed securities.”

http://www.financialspeculation.com/index.php/archives/38-the-coming-credit-card-debt-meltdown

The authors, Jose Roncal and Jose Abbo have also just written a book called The Big Gamble with savvy information about spotting and avoiding financial bubbles before it’s too late. Looks like Donald Trump has endorsed it, so it’s got some good stuff.

]]> Comment on Are Teenagers Ready to Be Frugal? by Matt Wilson http://www.YourMoneyMogul.com/are-teenagers-ready-to-be-frugal/#comment-45 Matt Wilson Sun, 19 Oct 2008 19:03:15 +0000 http://www.YourMoneyMogul.com/?p=557#comment-45 Personally, teenagers and people in their 20s have never experienced a terrible economy and most of their parents got them in poor spending habits. I don't think most of (us) have it in (us). It's a shame Also, I saw you on Twitter as a young entrepreneur. I wanted to invite you to a private young entrepreneurs network where you can meet young entrepreneurs, promote yourself/your business and share experiences. I think it'd be great for you to get involved in the community. Hope to connect with you soon. Shoot me an email Matt Personally, teenagers and people in their 20s have never experienced a terrible economy and most of their parents got them in poor spending habits. I don’t think most of (us) have it in (us). It’s a shame
Also, I saw you on Twitter as a young entrepreneur. I wanted to invite you to a private young entrepreneurs network where you can meet young entrepreneurs, promote yourself/your business and share experiences.

I think it’d be great for you to get involved in the community.

Hope to connect with you soon. Shoot me an email

Matt

]]> Comment on The Next Meltdown: Credit Card Debt by Credit News http://www.YourMoneyMogul.com/the-next-meltdown-credit-card-debt/#comment-43 Credit News Sun, 12 Oct 2008 22:15:57 +0000 http://www.YourMoneyMogul.com/?p=518#comment-43 The credit card issuers have already been pro-actively taking risk measure. These includes measures such as reduction on card credit limit as much as 50%, increase APR(interest rates) and freezing balance transfers facility. If you max out on your credit card, it'll hurt your credit rating when the credit limit cut hitting you. it's advisable to make sure your spend only 50% of your card limit(30% is better). The best way o use credit card at the moment is treat it like a charge card, pay in full every month and do not try to use the money you don't have. The credit card issuers have already been pro-actively taking risk measure.

These includes measures such as reduction on card credit limit as much as 50%, increase APR(interest rates) and freezing balance transfers facility.

If you max out on your credit card, it’ll hurt your credit rating when the credit limit cut hitting you. it’s advisable to make sure your spend only 50% of your card limit(30% is better).

The best way o use credit card at the moment is treat it like a charge card, pay in full every month and do not try to use the money you don’t have.

]]> Comment on Your Net Worth = Your Network by Scott Bradley http://www.YourMoneyMogul.com/your-net-worth-your-network/#comment-42 Scott Bradley Wed, 08 Oct 2008 18:04:26 +0000 http://www.YourMoneyMogul.com/?p=450#comment-42 Now, the new mantra is: "WHAT you know determines who you CAN know." And who you can know makes a difference. That sentence made the entire post. Damn this stuff is good! Now, the new mantra is: “WHAT you know determines who you CAN know.” And who you can know makes a difference.

That sentence made the entire post.

Damn this stuff is good!

]]> Comment on Your Net Worth = Your Network by Eric Hundin http://www.YourMoneyMogul.com/your-net-worth-your-network/#comment-41 Eric Hundin Wed, 08 Oct 2008 18:00:12 +0000 http://www.YourMoneyMogul.com/?p=450#comment-41 I found your blog on MSN Search. Nice writing. I will check back to read more. Eric Hundin I found your blog on MSN Search. Nice writing. I will check back to read more.

Eric Hundin

]]> Comment on If You Feed Your Head Garbage, You’ll Live Life in the Dumps by Scott Bradley http://www.YourMoneyMogul.com/if-you-feed-your-head-garbage-youll-live-life-in-the-dumps/#comment-39 Scott Bradley Thu, 25 Sep 2008 10:55:27 +0000 http://www.YourMoneyMogul.com/?p=358#comment-39 You hit it right on the head...Garbage in...Garbage out... You hit it right on the head…Garbage in…Garbage out…

]]> Comment on If You Feed Your Head Garbage, You’ll Live Life in the Dumps by admin http://www.YourMoneyMogul.com/if-you-feed-your-head-garbage-youll-live-life-in-the-dumps/#comment-38 admin Wed, 24 Sep 2008 05:03:34 +0000 http://www.YourMoneyMogul.com/?p=358#comment-38 Sassy, Thanks for the comment! I agree that it is easy to take the negativity as truth when you seem to hear it everywhere. The "cool" thing today is to talk about all the stuff that's going on and how it's negatively impacting everything. Well, there are always two sides to a coin, and there is definitely a positive aspect to what's going on. I thank you for taking the time to stop and re-assess your thoughts, choosing instead to focus on the positive. I wish you the best of luck on your journey to the life you desire! Sassy,

Thanks for the comment! I agree that it is easy to take the negativity as truth when you seem to hear it everywhere. The “cool” thing today is to talk about all the stuff that’s going on and how it’s negatively impacting everything. Well, there are always two sides to a coin, and there is definitely a positive aspect to what’s going on. I thank you for taking the time to stop and re-assess your thoughts, choosing instead to focus on the positive. I wish you the best of luck on your journey to the life you desire!

]]> Comment on If You Feed Your Head Garbage, You’ll Live Life in the Dumps by Sassy http://www.YourMoneyMogul.com/if-you-feed-your-head-garbage-youll-live-life-in-the-dumps/#comment-37 Sassy Tue, 23 Sep 2008 05:23:21 +0000 http://www.YourMoneyMogul.com/?p=358#comment-37 We all need a little reminder like this now and then. I find myself being a glass half empty person in the effort to be a realist. But lately I do notice myself trying to put a more positive spin on things and I know this affects how I feel internally. Bottom line is, we decide how happy we're going to be today, tomorrow and forever. If we let someone else decide, it's too easy to take the negativity for truth because there's so much of it out there. We all need a little reminder like this now and then. I find myself being a glass half empty person in the effort to be a realist. But lately I do notice myself trying to put a more positive spin on things and I know this affects how I feel internally. Bottom line is, we decide how happy we’re going to be today, tomorrow and forever. If we let someone else decide, it’s too easy to take the negativity for truth because there’s so much of it out there.

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