Archive for September, 2010
If you mean by letting Brazil drill in the Gulf, yes. Obama doesn’t want this country to grow and prosper. Obama thinks the US is a bully. Obama is holding us back while enabling other countries to increase their wealth. ~
Why save your money if you are only 17 or 18 years old?
Posted by: | CommentsI have been waiting for the chance to dress fresh (cool or hip or in style) I’ve been working at Zaxby’s for almost 2 years and saved 85-90% just incase for family emergencies and I was always been told to save my money….. for what I’m only 17 years old and do not have any bills to pay and even if I saved my money, I still won’t have enough to pay for college. So whats the point? If you have been in this situation please tell me how you handled it and after you graduate from high school, do you really need to have money saved to have a good start on life?
To establish good habits for wen you are older.
How can I get out of credit card debt?
Posted by: | Comments1. I have 6 credit cards that are closed to being at there maximum.
2. All the credit cards have a limit of $800.00
3. I would like to keep at least 3 of the cards with the best percentage rate.
4. The way the Internet is with so much dis-information, you can’t really figure out what debt consolidation companies are legitimate.
5. The Internet is hard to navigate for legitimate government programs that may help.
6. My finances consist of unemployment.
First, you need to check your interest rates. If they’re higher than 13%, call the credit card companies to see if they will lower them. In many cases, they will do it just to keep you as a customer.
Then see if you can sign up for a credit card with a lower interest rate. For best results, get a card with a low rate that is good for the life of the loan. Then transfer the balances from your old cards to the new card, even if you have to pay a balance transfer fee. You may also be able to get a low-interest personal loan to pay off the high-interest credit cards. Shop around for the best rates and terms, and check your local credit union; their rates are usually better than banks.
This is your best bet while you’re receiving unemployment, since it’s unlikely that you’ll have extra money to pay down the balances. However, when you do get a job, you should start paying extra on the credit cards. Paying even double the minimum payment will dramatically decrease the time time it takes you to pay them off.
Meanwhile, be very careful about your spending. Don’t run up any more credit debt. If you have the discipline to keep your spending in check and pay the card off in full every month, use a separate card for groceries, gas and other necessary expendatures. Otherwise, use a debit card, checks or cash to pay your bills.
The only government programs available to help people get out of credit card debt are government-approved credit counseling services. You can check the Federal Trade Commission (FTC.gov) or U.S. Department of Justice (USDOJ.gov) website to see which couselors are approved. If you get into serious trouble, you may need to contact a lawyer to help you obtain a settlement with the credit card company, but it doesn’t sound like you’re at that point yet.
The rich get richer; the poor get poorer. What is your opinion on these statistics?
Posted by: | CommentsTaken from the article:
http://theeconomiccollapseblog.com/archives/30-statistics-that-prove-the-elite-are-getting-richer-the-poor-are-getting-poorer-and-the-middle-class-is-being-destroyed
The Rich Are Getting Richer
1 – As of 2007, the top 1 percent of all Americans was taking home 24 percent of the national income. This was a level that had not been seen since the days of the Great Depression.
2 – Incomes have been growing in the United States, but those at the very top of the pyramid have been gobbling up almost all of the income growth. According to Harvard Magazine, 66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.
3 – Even official government figures bear out the fact that the rich are getting richer. An analysis of income-tax data by the Congressional Budget Office a few years ago found that the top 1% of all American households own nearly twice as much of the corporate wealth as they did just 15 years ago.
4- Most Americans have suffered during the last few years, but not the boys and girls down on Wall Street. New York state Comptroller Thomas DiNapoli says that Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
5 – Even as the number of Americans living in poverty skyrockets, the number of millionaires just keeps growing. In fact, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million during 2009.
6 – The amount of money some of these Wall Street hotshots are making is incredible. Back in 2005, the top 25 hedge fund managers earned a total of 9 billion dollars. That would be bad enough, but even in these hard economic times the rich just keep getting richer. One year after the recent financial collapse the top 25 hedge fund managers earned a total of approximately $25 billion. That breaks down to an average of $1 billion each. The truth is that the United States has been experiencing uneven prosperity for quite some time and things just seem to get worse with each passing year.
The Poor Are Getting Poorer
7 – Government anti-poverty programs are exploding in size in response to the recent economic difficulties. USA Today is reporting that a record one in six Americans are now being served by at least one government anti-poverty program.
8 – Over 50 million Americans are on now Medicaid. That figure is up more than 17 percent since the beginning of the recession.
9 – The number of Americans in the food stamp program rose to a new all-time record of 40.8 million in May. That number is up almost 50 percent since the beginning of the recession.
10 – The number of Americans who cannot afford even the basic necessities is absolutely staggering. A whopping 50 million Americans could not afford to buy enough food in order to stay healthy at some point over the last year.
11 – Compared to other industrialized nations, the United States is doing very poorly. The U.S. poverty rate is now the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development.
12 – The saddest part of this is what we are doing to our children. According to one recent study, approximately 21 percent of all children in the United States are living below the poverty line in 2010.
13 – But the American people cannot provide for their families if they don’t have jobs. Today there are not nearly enough jobs for everyone. In 2010, it takes the average unemployed American worker over 8 months to find a job.
14 – Approximately 10 million Americans are currently receiving unemployment insurance, which is a number that is nearly four times higher than what it was at back in 2007.
15 – The truth is that we are creating a permanent underclass of Americans that cannot get jobs. The number of Americans receiving long-term unemployment benefits has increased over 60 percent in just the past year.
16 – Increasingly, the wealth of the United States is being held in fewer and fewer hands. One study found that as of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
17 – It is not a good time to be living in "the bottom half" in America. The size of "the pie" being divided up among those at the low end of the wage scale is becoming really, really small. In fact, the bottom 40 percent of all income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
All opinions welcomed.
@Jimmuh: Good point, assuming of course that everyone starts out exactly equal.
The rich make mistakes just like the poor, but until the Federal Government quits supporting poorly managed businesses with our tax dollars and keeping the rich going the poor will never have a chance to get ahead. When the poor get into trouble all they get from the Feds is some money to put food on the table. The big boys from AIG, Citi bank and GM would be out on the street now if it were not for the helpful Feds. Until we let Capitalism have it’s natural checks and balances the poor will not have a chance.
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Duration : 6 min 30 sec
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HOW TO MAKE YOUR OWN CIGARETTES
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This is a quick tut on how to make your own cigarettes with a bag of your choice tobacco, $10.00 injector and filter tubes of your choice.
enjoy and happy saving $$$$!
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Duration : 4 min 32 sec
How To Get A Girlfriend
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Part 1: How to get a Girl, who's a Friend
Part 2: How to get a Girlfriend
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Duration : 1 min 37 sec
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Duration : 3 min 30 sec
We Grow Together – Episode 2
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In this episode, Brad and Lana talk flowers, from quick watering tips to growing your own wedding roses. Brad also explains the benefits of getting out of the garden and back into nature.
Duration : 5 min 41 sec