Wednesday, May 13, 2009

Diversify Your Sources of Income

In today’s world, there is no such thing as job security. That is why you need to diversify your sources of income. Even if you own your own business, it is important to generate income from more than one source.

Just think about it. There have been nearly a million US layoffs in 2009 alone. Many of these people received no severance pay, no skills training, or anything else that would ease the transition into a new career. To put it bluntly, they are screwed. Had they invested in themselves and worked hard to create multiple income streams, the pain of a layoff would not have been as acute. Continue reading Diversify Your Sources of Income »

Recession tips

Call Your Credit Card Companies and Ask Them to Lower Your Rates.

Save money by calling your credit card companies and asking them to lower your rates.

It is a little-known secret that credit card companies don’t want you to know. If you call them and ask them to lower your rates, they might just do it. Of course, it helps if you are a good customer with a long history with the creditor and have good credit. It also helps to carry a moderate balance and make considerably more than the minimum payment each month. If the credit card company sees you as a low risk borrower and knows they receive monthly interest payments from you (i.e. you carry a moderate balance), they will want to keep you as a customer. Continue reading Call Your Credit Card Companies and Ask Them to Lower Your Rates. »