Sen Barack Obama, John McCain Credit Millionaires?
In the final week of the 2008 US Presidential Elections, the political parties of candidates Senator Barack Obama, the Democrats, and Senator John McCain, the Republicans, are practicing being credit millionaires.
In a generally tight credit market, collectively, $15-million in lines-of-credit are being tapped.
Specifically, $10-million by the Democratic National Committee and another $5-million by the Republican National Committee.
They have borrowed money to fund the political campaigns on their candidates, as well as further political agendas on the issues. This news is of particular importance to you because it addresses one of the common credit millionaire questions: "Do lenders loan money for marketing efforts?"
The answer is YES. Continue Reading >>
Avoid the Recession Checklist - The Big One
Yesterday Wall Street posted the biggest, one day point loss of the DOW in history.
Today, Wall Street recovered nearly 63%.
Depending on a vote on Thursday which has major impacts regardless of how it falls, the markets will likely tank again or
recover that last 1/3.
Most people are tossed about by these changes caught in their grips with few if any options.
However, there is one major way to win…
Be fully educated. Continue Reading >>
Barclay’s bank takes credit away from Paulie Sabol while offering $7-Billion in new credit world-wide…
On the same day that Barclay’s Bank joined nine other lenders to provide an extra $7-billion each in global liquidity, they lowered my personal credit limits.
Upon my return from Alaska, I discovered that my both my Barclay’s Bank cards (Carnival Sea Miles card and iTunes Rewards) suffered a huge limit reduction. It was like $10,700 had been stolen from me overnight.
Specifically, the company lowered my credit limit and set it to $50 above my current use. In fact, based on some charges in Canada that were pending, in a few days, I would be pushed over limit. Here’s how it looked when I logged in…
Donna nd I have repeatedly warned our coaching students In the Tight Money Millionaire program that this is likely to happen. In fact, the same practice happened to several members of that 12-hour-a-month coaching program, as well as Credit Millionaire Donna Fox herself. Continue Reading >>
The best reason to pay higher interest rates using your convenience checks.
Which would you rather give up — the lowest interest rate or your personal privacy?
Our lust for low cost money above all us is bringing new assaults to our privacy.
An FTC suit against CompuCredit offers reveals a credit scoring mechanism that Donna Fox, myself, consumer advocates and politicians have suspected—purchasing behavior, not just purchase repayment, matters.
CompuCredit monitors spending in order to reduce open credit lines based on where their cards are used.
Among the line reducing locations: tire and retreading shops, massage parlors, bars, billiard halls, and marriage counseling offices.
CompuCredit maintains that the FTC’s lawsuit is without merit by saying "Everyone’s Doing It": Continue Reading >>
Does a pair of opinions beat the straight truth?
One of the subscribers to the Credit Millionaire messages
recently read my post about www.LeverageDVD.com where
I talked about the amazing returns I was earning using the
"Done for me" tools of AJ Brown.
Here’s what was sent back to me.
Credit Report Lies that are Costing You Money…
It’s not only the "errors" on your credit report which are costing you money, it’s also the ads for your free, annual credit report that are trying to take your money.
This advertisement above is for a website often recomended by the Credit "GURUs" who I guess don’t actually read the law or their updates. Because they give this website as where to get your free credit report.
That’s half true… Continue Reading >>
Floating an idea around…
…the idea I’m floating around is to have a "Credit Millionaire" Lifestyle experience with you.
If we do this, it we be in light of something Donna and I are definetly and actively doing.
Here’s the deal, Donna and I are currently testing a new business loan program.
The loan is for $1.5-million.
The main qualifications are credit score and business entity age & paydex. Continue Reading >>
More than the credit crunch…more than a weak dollar…more than a real estate bubble
The credit crunch has been on of the main motivators for the www.TightMoneyMillionaire.com program. Being willing to tackle programs head on is a major reason those who have had the prescience to join have had so much success.
Recently, a retired teacher was able to purchase a property after raising credit score over 50 points. While another very nervous and upset member got a 6-figure line-of-credit within an hour of her first coaching call.
Solving problems is what entrepreneurs do.
So while credit is tightening, the dollar is falling, and the housing bubble bursting…guess what, when it comes to solving the big problems, your Great Uncle…Uncle Sam, has decided you yourself are worth less. Continue Reading >>
Giving credit to the recession.
If you’re like me, you look to the bright side of what comes to you in life.
With that in mind, I want to give credit to the recession for it’s hidden benefits and blessings.
Let’s start with one near and dear to the entrepreneur. And the number one impact of the recession which may lead to it ending.
Entrepreneurial startups help restart the economy. Recessions are ideal to start your business: Wages are down, rents are cheaper, competition is scarce and the cost of goods and services can be found at a discount. There’s no better time to become your own boss than right now.
For all those of you who recognize your families and consider them the number one reason you’re an entrepreneur, rejoice about the recession.
Recessions return us to the family dinner motif. Continue Reading >>
What we learned and why you should care…
So, the Credit Millionaire Marathon June page is up and
represents much of what Donna Fox and Paulie Sabol
learned from the previous event.
Specifically, the event is shorter. Spending two days
in front of the computer, even with the convenience of
being home the whole time, is a bit much…
…it was even harder on Donna and Paulie who had
little chance to move around being responsible for
running the training slides for you.
In fact, the schedule, which is printed in full at
www.CreditMillionaireMarathon.com is now only
one day (Saturday Jun 28th) and even on that day
only for 5 to 6 hours. Continue Reading >>
