A Quote by Virginia Postrel
If you default on your Visa bill, nobody comes to repossess your refrigerator or auction off your shoes. The biggest penalty you'll face is trouble getting future credit.
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he card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping your card for $3 at Starbucks for your latté, and you're getting hit with a $25 penalty because it's over your credit limit.
Your wealth is the value of your assets - your retirement accounts, your home, the unsold stocks - minus your debts, like your credit-card bill and your mortgage.
A credit derivative, at its core, is actually a very simple concept... The simplest way to think of a credit derivative is it is analogous to insurance against the risk of a credit default by your counterparty, your business counterpart.
If you never want to see the face of hell, when you come home from work every night, dance with your kitchen towel and, if you're worried about waking up your family, take off your shoes.
If you put on shoes that are too tight and walk out across an empty plain, you will not feel the freedom of the place unless you take off your shoes. Your shoe-constriction has you confined. At night before sleeping you take off the tight shoes, and your soul releases into a place it knows. Dreams glide deeper.
Always think about your future with a smile on your face, because your thoughts will eventually become your future.
Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.
The main thing I'm concerned with right now, is getting people to understand that the Internet of Things is already in their lives. So if you look around your house, either your television, refrigerator, or some of your appliances - they are probably already connected.
But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.
If you owe too much on American Express,
and your Diner's Club notes are too hard,
take a loan on your Visa,
and pay it off with your MasterCard!
Turn down offers for new cards or credit line increases on your current cards. Credit's tight, and chances are, you're not getting many offers anyway. But if you do, remember that the less credit you have available, the less trouble you can get into.
When you're standing in line at the airport, and your shoes are off, your belt is off, and your personal belongings are being closely scrutinized, and you're standing with your hands in the air, waiting to be patted down, do you feel protected? I don't. I feel like I'm the enemy.
Just start thinking about all the different services in your life. Like getting your dry cleaning picked up and dropped off. Nobody has done the Uber of that yet. But that will be Uberfied. You will arrange your dry cleaning via your phone.
Another thing I also recommend is washing your face with white towels, little white towels instead of your hands. Other towels have dye in them and, with water on them, I just don't mess around with that. This way you're not getting your hands back on your dirty face as you're washing it. You're going to see what's coming off.
Well you are fresh Your face is fabulous Don’t forget you’re one of a kind When nobody’s checking the deeds you’ve done And nobody’s hearing your cries You make all the fashion statements Just by dressing up your mind ((Beauty in Ugly))
Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score.
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