Personal Finance-Saving Money, Investing, and Retirement Planning Part 1
Some of the best known and most successful investors of all time such as Ben Graham, Warren Buffett and Peter Lynch are all known for looking for straight forward opportunities to put their money into. Warren Buffett's approach of "KISS" or "Keep It Simple Stupid" is something that any novice investor can follow.
The stock market is in its simplest form just an auction but it is one with a sting in the tail for the unwary. To help you start understanding the stock market you need to think of what makes it work. Very simply the market is driven by supply and demand. That means that if there is only a very limited number of shares in a particular company available the demand for them will be far greater than if the market place is awash with them.
In fact investing money while in college has so many benefits that it should probably be included on the curriculum. It's not just the self discipline of course there are many other skills you will learn. The analytical skills you need in selecting a suitable investment are the same ones you will be required to apply in the workplace.
You need to sit down and work out a plan before you even think of contacting them. In that plan you need to be able to tell them how your bad credit came about. Was it a problem with your job? Was it down to ill health? You also need to explain what has changed now and how you will be able to meet the new payments.
That is down to the high amounts of interest that the card companies charge on your credit card bill. Consolidation loans are usually far cheaper rates of interest and really can work out to be quite a significant saving. And it's not just the monthly savings that are appealing. The overall cost can be very substantial too.
As with any other financial product, credit card consolidation loans require some very careful consideration before you decide whether or not they are for you. The most important thing that you have to consider is how much they are going to cost you. Not just the short term because that will almost all ways be better than the amount you are currently paying.