In my previous message about investing for beginners, I tried to convey some of the realisations that a new investor needs to make to help him or her become successful.
Go out and obtain easy credit from sources like stores that give credit with little regard for an individual’s credit reputation. Creditors consider a lack of credit history as poor credit history. You are a risk to creditors if you have no past history of credit to judge you. Examples of creditors that can extend credit to those without much credit history are: credit unions, easy credit auto dealerships, tire stores, jewelry stores, furniture stores, appliance stores. In order for this to be effective, you have to ensure that the company reports to the credit bureaus as some of them do not.
Choosing a theme is the fun part! It’s an opportunity to be creative. As in most creative exercises, I suggest you start with brainstorming. So gather a group. I prefer a creative team consisting of an interesting mix of people, representing as many constituencies as possible. So gather a staff member, a volunteer, board member, donor, client, guest… whatever makes sense for your nonprofit.
Over the long haul (and yes, it’s occasionally a very long haul), stocks are the only asset class that has consistently beaten inflation. The reason is obvious: over time, good companies grow and make money; they can pass those profits on to their shareholders in the form of dividends and provide additional gains from higher stock prices.
There are a myriad of clubs that participate in Own a Share of a Football Club. This makes for an incredible gift for anyone that loves the sport. Once they own a share then they will also receive Annual Report Design from the club they have a share in so they can get some inside stories as well as being invited to the AGMs.
About 14 years ago I read the company annnual report of a large mineral company. In it they said that when they mined minerals from a piece of land it is so devoid of nutrients that without intensive efforts to restore the fertility of the land they have mined nothing will grow for 1,000 years or more.
Hide your Social Security card. The only time you need to show it to anyone is when you start a new job. Otherwise, there’s no need to carry it around. Just remember a social security number is the key that unlocks your identity so, if a thief gets their hands on where you were born and when you were born they now know where to try and get a your birth certificate. “I can take that and get a duplicate Social Security card and with that I can get a driver’s license and with that I can get a passport and with that I can travel anywhere and be you as much as I want.” Says Linda Foley, founder of the Identity Theft Resource Center in San Diego.
When your business is financially squeezed, you are at your most vulnerable. Too eager to land new business, you might sign a contract with no teeth in it. You might make a big delivery to a company that is not able to pay. Upon getting partial payment with a memo on it that says “full and final payment,” you might feel so relieved to get anything that you deposit the check, thereby accepting the memo and forfeiting your right to collect the rest of the bill.