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Tip Of The Day: Credit Card Rewards
April 13th, 2010
Tip of the Day
Make sure you are getting rewarded for using your credit card.
Today’s tip: Using credit cards is not always a bad thing as many might have you think. The trick is being in control when using them. Many cards offer rewards like 1% or 2% cash back on all purchases or frequent flyer miles and can really add up if you spending high dollar amounts. They do this to try to get you to overspend what you will be able to pay off, thus leading to interest and fees that far exceed the 1 or 2 you are getting when making the purchase. If you can however control your spending and not use your card without having the cash in your bank account you can gain an extra 1-3% return on your income you spend. A nice return for doing nothing but spending your money.
Here are a couple rewards cards to look at- please remember this may not be for everyone and to read the fine print before accepting any credit card offer. These are all cards with no annual fees.
1. Fidelity Retirement Rewards American Express Card Read more >>
2. Chase Freedom -great card and popular Read more >>
3. Citi Dividend for College Students - popular also with college students Read more >>
4. Citi Forward Card for College Students- Rewards for paying your bill on time Read more >>
This is not a complete list, but rather a starting point for a search for the best reward card for you. It will all depend on what you spend your money on and what reward you prefer whether it be cash, flyer miles, or dining out.
To Research more cards, please go to CreditCards.com
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10 Steps to Financial Freedom
April 12th, 2010
Don't get caught in these traps!
Today I attended a local seminar on how to learn to be a savy saver. I saw the advertisement about this event and was thinking about not going, I mean an MBA student learning about financial basics? Really, come-on. At first this seemed like it was going to be a waste of time, really what could I learn from something such as this, having completed a variety of finance, accounting, and financial decision making classes.
Learning how and where to save money to many may seem like a simple task, but we all need a reminder sometimes. Follow these 10 steps and you will be well on your way to a path of riches.
Global Strategy Ideas
March 31st, 2010
You must think global in today's world
This week’s reading of Redefining Global Strategy by Pankaj Ghemawat had some very different ideas, than previous readings. Ghemawat believes that we are not heading to an era of extreme free trade or full globalism, but rather that we will experience semi-globalization. This semi-globalization will not happen in all countries of the world, but rather focus on the rather large economies that are close to home.
This week I would like to discuss Ghemawat’s idea of “ADDING” value. The concept of why we should globalize is one that doesn’t appear to be discussed much, but rather that globalization is inevitable. The idea that globalization is good and that globalization is the key to be successful, the real question that is rarely asked is why/should we globalize?”
How To Retire At 45
November 6th, 2009
Retire at the age of 45? Can this even be done? Yes, and No. By making smart decisions early it is possible to retire at 45. Start saving today and you could possibly be able to quit that 9-5 job quicker than you thought. I was told the other day that there is no way you could possibly quit working at the age of 45, unless you somehow had some sort of rare luck bestow upon you. I tried to explain to this person that retiring is just a numbers game. That being able to retire is all about numbers, more specifically your bank acount numbers and how much is in them. Follow these simple steps will help you be on track for early retirement.Apparently Cramer Agrees
October 15th, 2009Apparently Cramer agrees with our August recomendation of buying AT&T. Read about it here.
AT&T has also created a new security division that will possibly provide a huge new revenue stream. They are expanding their security services to business. This expansion in to the security service focused on business will help AT&T outperform many of its competitors.
College Corporation Partners with Google Adsense
September 7th, 2009We are pleased to announce that College Corporation has been accepted into the Google Adsense program. This great opportunity will provide us with good advertising content to place on our site. This program should allow us to generate income to help maintain the costs associated with maintaining and hosting this site. These costs have been increasing with each year and have made me ask if running this site is worth the time and money. Hopefully this will help address some of these concerns.
In the comming months expect to see changes around our site as we add this content to our site. You may see content being moved around as we try to find out what works best for our layout. This is a great first step in making this site self-sustaining.
If you have any suggestions or comments on what you would like to see or have ideas on how to help us keep this site growing, please leave a comment below. Please check back frequently as new content is always being added.
Education Pays Dividends
August 28th, 2009Is education a good investment? Let’s take a look at some of the numbers and see if we can draw our own conclusions on whether education can help increase your chances of earning more in your career.
According to the U.S. Census Bureau, 90% of young adults graduate high school. Of these 60% continue on to college. The chart below helps illustrate the economic value of education. It appears to show that an increase in education results in an increase in annual earnings.
Source: U.S. Census Bureau, Current Population Surveys, March 1998, 1999, and 2000.
By finishing your bachelor’s degree on average you would make about $21,800 more than a high school graduate annually. If you extend this over a projected work period of 40 years as the U.S. Census Bureau does, you would earn about $872,000 more than someone with a high school degree.
Where have all the jobs gone?
August 7th, 2009Just like the Jonny Rivers song “Where have all the flowers gone long time passing….” Where have all the jobs gone? So you’ve graduated with that new degree and looking to get a good paying job finally – actually have some money; think again.
So today the job loss report was released and shows that job loss is slowing. The report showed that last month the economy shed 247,000 jobs, which was less than expected. This brings national reported unemployment down to 9.4%. (Unemployment in June was 9.5% and 9.4% in July this means unemployment improved even though more jobs were lost- which only means that people are starting to stop looking for work.)The media has portrayed this in a very positive sense, but that fact we lost 247,000 jobs this month isn’t good. This means we are still on the down slide and still losing jobs.
Today’s job market is beyoned competitive, it’s overwhelmed with canidates. You have to be better prepared than ever to land a job in this market. Follow these pointers and you may just land that job.
“Get A Little Richer Everyday”
May 21st, 2009I’ve come to the realization that every day I am a little richer than the day before. I had never thought of saving and investing it in this way. It seemed to give me a great sense of pride and feel really good about how I manage my money.
As long as I am spending less than I am taking in each day on average, I am building wealth. Take a look at these numbers I crunched to show how rewarding saving can be. Here are the numbers compounding quarterly with 5% annual return (1.25% Quarterly).
Choices
April 12th, 2009
Let’s take a break from the serious lectures for a minute. In life we make choices constantly. How do we know whether or not we are making the right ones? And how do we know how these choices compound on each other to create an alternative outcome? We don’t.