Credit Reports part two
September 6, 2011
This is my second post on credit reporting, to explain how it works. The attached clip explains “how it used to be”, in contrast to the numbers oriented style in vogue for the last 2 decades. Often we wish: “Why can’t it be just like it used to be”? This series will explain how our modern system of credit reporting (and granting loans) started.
In understanding how our system evolved, we have a better understanding of why and how we got to the point where we stand today.
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Credit Reports part one
August 4, 2011
Years ago, it occurred to me that we all need to know something about credit, and how it is reported. I put together a CD for clients explaining credit reports. Now with advances in the web, I can get it to you without a CD! 
I hope this 12 part series is of use to you. Immediately thereafter, I will publish my 11 part series on credit report correction.
Here is the first audio clip. Hope you can find the time to listen to the whole series. There is a lot of good information in these old CDs from 8 years ago, still relevant today.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Planning the use of money, part 6 of 6
August 4, 2011
By now, if you have reviewed the five videos in previous blog posts, you should have a fair idea of where your money is going, and where it needs to go, assuming goals are to be accomplished. Now comes the hard part: actually making the necessary decisions. Some expenses will definitely be modified.
Remember: every dollar saved is a dollar earned. Indeed, the dollar saved is an “after tax” dollar, all of which you get to keep. The dollar earned is a “before tax” dollar, and you will only get to keep 70 cents of it, at most. So we can see that keeping expenses down definitely helps in money terms.
In personal terms, the stress that comes from unpaid bills is removed. Family life is easier, and there is time for exercise and good diet. Medical bills are less in the long term. Although this is not true in every case, a simple budget of monies can often help to organize and reduce stress in many other areas of life.
So make your life easier with a budget! If you want the sample file I used to create these videos in MS Excel, just email me and I will be happy to send it with a reply.
I suggest you download the video file below, as viewing is easier due to a bigger screen size. Or you can just click on the icon and the video will play immediately. As always, please call if you have questions.
Podcast: Play in new window | Download (43.0MB)
Planning the use of money, part 5
June 28, 2011
This is the video that shows a full month of expenses for our sample consumer. He can now see how the month’s spending all adds up. Is more income needed? Can some expenses be cut? Which expenses? How much?
All of these questions are the ones a prudent consumer or small businessman must ask himself, in any case where he is late on paying bills. There is an obvious reason he is late on paying bills: he did not have the money!
When the money is just not there, go through a three step process. First track expenses. Second, ask yourself: can I make more income? If not, step three comes into play: expenses must be cut.
Hopefully, this series puts it in perspective for you. As always, we are here to help, just call (317) 266-8888.
I suggest you download the video file below, as viewing is easier due to a bigger screen size. Or you can just click on the icon and the video will play immediately. As always, please call if you have questions.
Podcast: Play in new window | Download (65.3MB)
Planning the use of money, part 4
June 28, 2011
This is the fourth of six videos detailing how to keep track of the expenses, so you know when you are on “safe ground” with your spending. In this video, we look at the daily and weekly expenses which occur, and which can be added up to get an overall picture of monthly income and expenses. With this information, you can finally get an accurate picture of what is going on in your financial life. Finally, you can control the “ebb and flow” as you have enough information to predict with confidence. When you find yourself able to predict that monies will be left over at the end of the month, and those monies are put into a modest savings account, you are really getting the hang of it!
I suggest you download the video file below, as viewing is easier due to a bigger screen size. Or you can just click on the icon and the video will play immediately. As always, please call if you have questions.
Podcast: Play in new window | Download (36.1MB)
