Good Morning,
I was watching the news last night, and they had a news story about DISD (Dallas independent school district) staff spending wildly on the school card during a trip to Toronto. They had the CFO on talking about how they need to moderate the spending. But from what I saw, all he did was make excuses for his staff over spending on there card. This in my opinion is just ridiculous. Why is the chief financial officer making excuses for finances he's in charge of? You don't, You do two things. One you put spending limits on the card, or two you completely shut down the card program. If you go to conferences you have management buy the tickets. its managements responsibility to keep control of the faculty.
What gets me about this story, is this happened after they uncovered a 3 million dollar spending spree the school staff went on last year......I'd fire the CFO personally. What an idiot!!!!
Thursday, September 27, 2007
Wednesday, September 5, 2007
Success VS Failure
Hey
I woke up this morning with a thought of why people fail.....
The conclusion that i have come to is. People don't want to get out of there comfort zone. They are afraid to lose what they have now. But yet they really want success others have. That truly won't happen unless you realize what little you have to lose.
I have to admit, i've personally had this problem. One day i got up really pissed off at myself and took a good look at my situation. I think thats what people have to do in order to change for success. You have to get so mad at yourself and your situation where you could care less about what you could lose.
A Failure always makes excuses why he or she can't do something. They don't want to fail so they don't try.
A Successful person fails 100 times and gets up the next morning and does it again.
My personal thought it, I'd rather fail 100 times and succeed once then never try at all, That is my definition of a successful person
I woke up this morning with a thought of why people fail.....
The conclusion that i have come to is. People don't want to get out of there comfort zone. They are afraid to lose what they have now. But yet they really want success others have. That truly won't happen unless you realize what little you have to lose.
I have to admit, i've personally had this problem. One day i got up really pissed off at myself and took a good look at my situation. I think thats what people have to do in order to change for success. You have to get so mad at yourself and your situation where you could care less about what you could lose.
A Failure always makes excuses why he or she can't do something. They don't want to fail so they don't try.
A Successful person fails 100 times and gets up the next morning and does it again.
My personal thought it, I'd rather fail 100 times and succeed once then never try at all, That is my definition of a successful person
Tuesday, September 4, 2007
Leveraging/Tax Benefits with debt
Hey,
Today i want to post about leveraging of debt and tax benefits you'll receive.
Accountants and some investors tell people to take on debt for leverage. This whole concept is beyond me. They say that living debt free is all emotion and not financial. I want somebody to tell me how its not financial. When you live debt free you only have utilites, rent, food, and other expenses you have to use to live. Sense when do you need loans to live? Leveraging and using college loans and mortgages for tax benefits is rediculous. Why don't you add up how much money you'll save over 30 years when you don't have a mortgage and then put it beside your tax benefits. The same goes for college loans. Sounds pretty stupid when somebody says there gonna keep paying it off because they get 500 dollars a year on there tax return.......PAY OFF THE LOAN IDIOT!!!! Your interest alone will out weigh the freakin benefits...Thats just as bad as credit card rewards!!!
Look the only reason society has no money, is because they have too much debt. People say savings is impossible because they think having all those bills is normal....
Benefits of no loans..
you can put that mortgage money into a mutual fund and see huge returns
All you have to worry about is utilities
You live debt free!!!!
Today i want to post about leveraging of debt and tax benefits you'll receive.
Accountants and some investors tell people to take on debt for leverage. This whole concept is beyond me. They say that living debt free is all emotion and not financial. I want somebody to tell me how its not financial. When you live debt free you only have utilites, rent, food, and other expenses you have to use to live. Sense when do you need loans to live? Leveraging and using college loans and mortgages for tax benefits is rediculous. Why don't you add up how much money you'll save over 30 years when you don't have a mortgage and then put it beside your tax benefits. The same goes for college loans. Sounds pretty stupid when somebody says there gonna keep paying it off because they get 500 dollars a year on there tax return.......PAY OFF THE LOAN IDIOT!!!! Your interest alone will out weigh the freakin benefits...Thats just as bad as credit card rewards!!!
Look the only reason society has no money, is because they have too much debt. People say savings is impossible because they think having all those bills is normal....
Benefits of no loans..
you can put that mortgage money into a mutual fund and see huge returns
All you have to worry about is utilities
You live debt free!!!!
Sunday, August 26, 2007
Credit Card Reward Points
Hi!!
Credit card reward points, Oh what a wonderful thing. Get 5% back on gas and other qaulified purchases. We will save so much money!!!! WRONG!!!!
People are so funny. Lets go pay 35 dollars to fill up our tank and get 5% back. $1.75, In order to pay for 1 tank of gas you have to spend $875 in gas to get 1 free tank of gas. People tell me i can't look at this as an investment. But i disagree with them, You put gas in your car to go to work right? Your investing in gas to get a return (a paycheck) at work. Now i don't know about anybody else but i want a better return then 5% on my investments Your spending 875 dollars for a return of 1 tank of gas? Please!!!!! thats rediculous!!!
Now this one really makes me go A-wall, Flight miles on Credit cards....On Capital One's plan you have to spend $48,000 in order to get a 480 dollar ticket....Thats a really good deal at 14.40% interest.....NOT!!!
Credit card rewards do not out weigh the purchases you put on the card. On average people spend 15% more when they use a credit card, then with debit or cash. Because there is emotion when you use REAL money!!!
Oh and please don't post that if you pay the minimum each month the rewards are good. Cause if everybody paid the minimum the national savings rate would be more then 1%........The only person who wins with credit cards is the CREDIT CARD COMPANY...
Credit card reward points, Oh what a wonderful thing. Get 5% back on gas and other qaulified purchases. We will save so much money!!!! WRONG!!!!
People are so funny. Lets go pay 35 dollars to fill up our tank and get 5% back. $1.75, In order to pay for 1 tank of gas you have to spend $875 in gas to get 1 free tank of gas. People tell me i can't look at this as an investment. But i disagree with them, You put gas in your car to go to work right? Your investing in gas to get a return (a paycheck) at work. Now i don't know about anybody else but i want a better return then 5% on my investments Your spending 875 dollars for a return of 1 tank of gas? Please!!!!! thats rediculous!!!
Now this one really makes me go A-wall, Flight miles on Credit cards....On Capital One's plan you have to spend $48,000 in order to get a 480 dollar ticket....Thats a really good deal at 14.40% interest.....NOT!!!
Credit card rewards do not out weigh the purchases you put on the card. On average people spend 15% more when they use a credit card, then with debit or cash. Because there is emotion when you use REAL money!!!
Oh and please don't post that if you pay the minimum each month the rewards are good. Cause if everybody paid the minimum the national savings rate would be more then 1%........The only person who wins with credit cards is the CREDIT CARD COMPANY...
Wednesday, July 11, 2007
Living without credit tough and expensive
Wow!!!
Found an amazing article....Maybe i should go out and get a credit card. Cause its more expensive to live on Cash..........haha....Good one huh?
i found a bankrate article by some woman that works for the education department at Experian.....She explains why life is so hard without credit....I just want to point out that the majority of these articles are written by credit companies or credit agencies....So without credit they don't have a job......
Basically she said that life without credit is more expensive because you won't be able to get a washing machine or big dollar items if you don't have a store credit card or major card.....Im not gonna blabber about this much in this article but do i really have to remind the world that you pay interest and card fees?????? Have you EVER seen a fee using cash?....
Credit cards are there so the world can buy stuff they can't afford...Thats why they exist..Pretty simple.....Companies make money off you using there card...Thats the whole purpose of the credit card company....Experian makes money off you wanting info on your credit report......
Life is alot simpler without credit. Your only bills are gonna be your utilities and taxes and insurance.......If you own everything......or you can go the credit route and pay 650 a month for a car and have 15 credit cards with a balance of 500 or more...The reason America has no money is not because of there job, its because they use credit cards and keep paying them....and its not going into there pocker where it belongs........
All Apartment companies don't look at credit they look at renters history
All jobs don't look at credit ( if they do you show them your 35000 in checking and your mutual funds) The whole reason they check your credit is because they want to see responsibility....having no credit and 35 grand in checking shows alot more responsility then debt....
a Utility company is not going to deny you because of no credit...Thats rediculous...They will deny you have you have late pays
only Smaller insurance companies base your rates on credit.
So mrs experian teacher lady.....Hope your job is going well...Making the USA poorer by shoving drival down there incocant throats.......
I personally know a guy who's net worth is 15 million dollars....he's never used credit
i know of a man who is worth 448 Milliom dollars........he's never used credit either..
And both of them are first generation rich......They made all of it themselves...
Found an amazing article....Maybe i should go out and get a credit card. Cause its more expensive to live on Cash..........haha....Good one huh?
i found a bankrate article by some woman that works for the education department at Experian.....She explains why life is so hard without credit....I just want to point out that the majority of these articles are written by credit companies or credit agencies....So without credit they don't have a job......
Basically she said that life without credit is more expensive because you won't be able to get a washing machine or big dollar items if you don't have a store credit card or major card.....Im not gonna blabber about this much in this article but do i really have to remind the world that you pay interest and card fees?????? Have you EVER seen a fee using cash?....
Credit cards are there so the world can buy stuff they can't afford...Thats why they exist..Pretty simple.....Companies make money off you using there card...Thats the whole purpose of the credit card company....Experian makes money off you wanting info on your credit report......
Life is alot simpler without credit. Your only bills are gonna be your utilities and taxes and insurance.......If you own everything......or you can go the credit route and pay 650 a month for a car and have 15 credit cards with a balance of 500 or more...The reason America has no money is not because of there job, its because they use credit cards and keep paying them....and its not going into there pocker where it belongs........
All Apartment companies don't look at credit they look at renters history
All jobs don't look at credit ( if they do you show them your 35000 in checking and your mutual funds) The whole reason they check your credit is because they want to see responsibility....having no credit and 35 grand in checking shows alot more responsility then debt....
a Utility company is not going to deny you because of no credit...Thats rediculous...They will deny you have you have late pays
only Smaller insurance companies base your rates on credit.
So mrs experian teacher lady.....Hope your job is going well...Making the USA poorer by shoving drival down there incocant throats.......
I personally know a guy who's net worth is 15 million dollars....he's never used credit
i know of a man who is worth 448 Milliom dollars........he's never used credit either..
And both of them are first generation rich......They made all of it themselves...
Monday, July 2, 2007
Broadband phone/Cable TV
Hey,
You one of the biggest things that bugs me is the price of broadband and cable tv. Im not totally sure the logic behind the pricing on cable phone and internet packages but its not even practical. I just saw an add for qwest on my yahoo page for 97.95 a month for high peed and local and long distance phone. Im not for sure but i bet you its the introductory price and it'll go up in 6 months. The sad part is people actually fall for that crap........Because there pitch is "Have all your bills on one package" They say your saving money but your really not. Why would you pay 45 dollars a month for broadband phone when you can go to vonage and do it for 24? and get auto withdraw? I have auto withdraw for all of my bills. So all i need to do is deposit and then go on with my life...
And Broadband internet and cable TV......Good lord that is a total mess.....My broadband started at 25 dollars a month now its 55 dollars a month.....That is rediculous!! You can thank Charter communications for that deal. I've never lost connection through them but raising the price 35 dollars is a little extreme!!!...But i think the days of gouging the public through cable internet is almost over.....Because a company like vonage will come out offering a huge discount on cable internet....Because of the demand........Think about it if you have 30 million people paying 15 or 25 dollars a month for cable vs 5 million paying 50 dollars....Your gonna make more money in the long run......
Im not gonna go on about cable tv i think that is just stupid.....60 dollars a month for 65 channels? what the hell man!! Satellite you can get 150 channels for 20 bucks a month.......That is clear proof that cable companies are gouging us.....but the US government is planning on regulating prices of cable....The only reason there doing that is because the companies are gouging....The plan that they impose is going to hurt the whole enternment industry.....All because the cable companies want to make as much profit as possible.......There gonna end up screwing themselves over in the end......The only logical solution would be to de-regulate the industry and allow all the comnpanies free rain too all cities in there area......its called competition and it'll bring the price way down!!!!......Haven't you noticed all companies charge the same price?......thats because they can cause there the only company in the area....
-S
You one of the biggest things that bugs me is the price of broadband and cable tv. Im not totally sure the logic behind the pricing on cable phone and internet packages but its not even practical. I just saw an add for qwest on my yahoo page for 97.95 a month for high peed and local and long distance phone. Im not for sure but i bet you its the introductory price and it'll go up in 6 months. The sad part is people actually fall for that crap........Because there pitch is "Have all your bills on one package" They say your saving money but your really not. Why would you pay 45 dollars a month for broadband phone when you can go to vonage and do it for 24? and get auto withdraw? I have auto withdraw for all of my bills. So all i need to do is deposit and then go on with my life...
And Broadband internet and cable TV......Good lord that is a total mess.....My broadband started at 25 dollars a month now its 55 dollars a month.....That is rediculous!! You can thank Charter communications for that deal. I've never lost connection through them but raising the price 35 dollars is a little extreme!!!...But i think the days of gouging the public through cable internet is almost over.....Because a company like vonage will come out offering a huge discount on cable internet....Because of the demand........Think about it if you have 30 million people paying 15 or 25 dollars a month for cable vs 5 million paying 50 dollars....Your gonna make more money in the long run......
Im not gonna go on about cable tv i think that is just stupid.....60 dollars a month for 65 channels? what the hell man!! Satellite you can get 150 channels for 20 bucks a month.......That is clear proof that cable companies are gouging us.....but the US government is planning on regulating prices of cable....The only reason there doing that is because the companies are gouging....The plan that they impose is going to hurt the whole enternment industry.....All because the cable companies want to make as much profit as possible.......There gonna end up screwing themselves over in the end......The only logical solution would be to de-regulate the industry and allow all the comnpanies free rain too all cities in there area......its called competition and it'll bring the price way down!!!!......Haven't you noticed all companies charge the same price?......thats because they can cause there the only company in the area....
-S
Sunday, June 24, 2007
Money and Happyness
Well, I Sat down with family at our weekly get together this weekend and they started talking about money......What they don't know is im a blogger......and I totally didn't agree with there philosophy on life and money.......
They were saying that money does not bring happiness it only brings bad things...Spend your money today and don't worry about tomorrow because your living today......Let me remind you that all of them are in financial distress...All of them complain about how hard life is and its only going to get harder.....
What a bunch of sappy whiners....I’m so tired of listening to them complain about how hard life is, when in fact 95% of there distress is caused by them spending what they can't afford...I mean come on its only going to get harder because there going to keep spending there money on things they can't afford......Damn!!!
The fact is that the people who save for tomorrow and spend for tomorrow are always going to come out ahead.......its a fact!!!!......But the people who come out ahead are the reason these people are poor.....(stay tuned I’ll write about that later)
99% of the time I keep my mouth shut.....But if I ever have my thoughts in line when they start talking like that again im going to go Dave Ramsey on there ass....Cause that is just ridiculous!!!!
I’m not saying money brings happiness.....I’m saying correct money management brings happiness....Because look at the divorce rate....why people are getting divorced.....Look at why people are committing suicide......95% of it is because of money........And we have people like this ignoring what there problem is.....
-S
They were saying that money does not bring happiness it only brings bad things...Spend your money today and don't worry about tomorrow because your living today......Let me remind you that all of them are in financial distress...All of them complain about how hard life is and its only going to get harder.....
What a bunch of sappy whiners....I’m so tired of listening to them complain about how hard life is, when in fact 95% of there distress is caused by them spending what they can't afford...I mean come on its only going to get harder because there going to keep spending there money on things they can't afford......Damn!!!
The fact is that the people who save for tomorrow and spend for tomorrow are always going to come out ahead.......its a fact!!!!......But the people who come out ahead are the reason these people are poor.....(stay tuned I’ll write about that later)
99% of the time I keep my mouth shut.....But if I ever have my thoughts in line when they start talking like that again im going to go Dave Ramsey on there ass....Cause that is just ridiculous!!!!
I’m not saying money brings happiness.....I’m saying correct money management brings happiness....Because look at the divorce rate....why people are getting divorced.....Look at why people are committing suicide......95% of it is because of money........And we have people like this ignoring what there problem is.....
-S
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