Did You Check Your APR?

When comes to credit cards and loans be sure to check the facts about the annual percentage rate (APR) before signing on the dotted line. Is fixed or variable? Under what circumstances can it be raised?

Suggested Reading:4 Keys For Smart Credit Card Use

Real Estate Q & A: Invest in Real Estate?

Q: What’s up Al? I need some advice… I’m livin here at school and I just recently rented a house… my old land lord currently wants to sell my old house for about 78k. I was thinking if I bought the house then rented it out it would be a way to get a income… what do u think? –(Russell H., college student)

Identity Theft Tip 4

When is the last time you checked your credit report? Have you ever checked it? Here’s a tip:

Be sure to check your credit report at least once a year. Get a free credit report from www.annualcreditreport.com

Suggested Reading: 4 Keys For Smart Credit Card Use

Identity Theft Tip 3

What do you do with all of those unwanted credit card offers? Shred, burn, or destroy all unwanted documents with your personal info on them. Especially credit card offers that you do not accept. Cancel ALL unused credit cards. To stop receiving all offers (including the good ones) call 1-888-5-Opt-Out.

Suggested Reading:
4 Keys for Smart Credit Card Use

Q & A: How do you retire with an extra million dollars?

Q: “You did a money management session today at Georgia State University…do you have any books you would recommend to[young people] for money management and investing? Lastly, what was the calculation that you did to figure out the millionaire question, in case I wanted to retire earlier? Thank you.”

Duncan Nugget #25: Dollars and Sense

This is how most people think: I’ll trade some time for some dollars. Every time I do a task, project, or something similar I get paid for it.

This is how entrepreneurial minded people think: How can I do something once and keep getting paid for it even if I NEVER do it again?

That’s called residual income. Residual income, doing something once but getting paid for it over and over, is one of the secrets of financial freedom.

Examples: royalties from writing a book, making a film, recording an audio program or song, or building an ecommerce website.

Identity Theft Tip 2

Have you ever purchased something online? Here’s tip to make sure that when you’re buying a product online nobody’s stealing your identity.

When shopping on line check to make sure that the page is secure before giving out your personal info. Look for https (instead of http) at the beginning of the URL in the address bar.