Daily Investment Tips

Long time ago if you wanted free cash for college you just needed to apply for a scholarship, if you were lucky to get it, you were set for college. Another free source for free college cash was cash from parents and relatives.

Thanks to declining economy this sources of free college cash have dried up. Other sources of free college cash have come up.

Free College Cash Websites.

Websites such as Babymint.com, Littlegrad.com, Futuretrust.com and Upromise.com, allow registered users to earn points that go towards a a college saving account.

Credit Cards

Fidelity offers an American Express card that will rebate 2 percent of all purchases to a Fidelity 529. The money will be withdrawn to finance college education. Upromise also have a credit card where registered users can earn back upto 1% of every amount spent using the upromise credit card.

Another fabulous article on the subject is at USNEWS

written by Constantine Njeru \\ tags: American Express, American Express Card, College Education, College Websites, Credit Card, Credit Cards, Declining Economy, Fabulous Article, Fidelity 529, Finance Education, Free Source, Free Websites, Futuretrust, Littlegrad, Long Time, Money, Parents, Relatives, Scholarship, Upromise, Upto

Upromise.com allows parents to save college money for their kids. The college money is generated by rewarding parents for shopping at Upromise website or by using upromise credit card.

This is how Upromise college saving program works.

Parents and anyone else they recruit can register their grocery loyalty cards for free at Upromise.com. Anywhere from 1 to 3 percent of the value of the purchases will be rebated to a Upromise 529 college savings account in the name of the student the customer chooses.

To supercharge college savings, parents and others can also apply for and use a Upromise credit card linked to the student’s account. Those cards generate additional rebates of at least 1 percent of all purchases.

written by Constantine Njeru \\ tags: 529 College Savings, College Money, Credit Card, Kids Money, Loyalty Cards, Parents, Rebates, Savings Account, Shopping, Upromise

A good credit score is necessary if you want to get cheap loans. It is important you do your best to put your credit history in order to protect your credit score.

A credit score is determined by assessing a persons payment history, outstanding debt, number of years as a borrow and number of recent new accounts.

The following four credit tips will help you protect your credit score.

Start Borrowing Early

Start borrowing as early as possible. A person who starts borrowing money in college has an opportunity to develop a good credit history. By the time this person is applying for his/her first morgage he will show experience in his / her ability to borrow and pay bakc money. The important thing is to borrow small amounts that you can service comfortably.

Pay All Your debts In Time.

35% of your credit score is determined by how well you service your debt. Always pay your debt on time.

Dont Over Borrow.

30% of your credit score is determined by your level of debt. The more debt you are carrying the lower your credit score. Never borrwo more than you need.

Dont run away from your debts

If you are carry many credit cards this could indicate you are use one credit card to pay off another credit card. A sign you might be in financial trouble. Deal with all your debts at a time. When you borrow money to pay off an old debt you are only increasing the size of your debt. Asking for more trouble!

written by Constantine Njeru \\ tags: Borrow Money, Borrowing Money, Cheap Loans, Credit Card, Credit Cards, Credit Help, Credit History, Credit Score, Credit Tips, Debts, Financial Trouble, Improve Credit, Morgage, New Accounts, Opportunity, Payment History

John Paulson famously made a cool US 3.5 billion in 2007. He was among the few who had seen the housing boom was built on sand and bet against it.

How did he see it.

In a Wall street journal interview, I found this Paulson quote

“Where is the bubble we can short?” He was asking his staff. They found it in housing.

I think that is the one example on how to make money. Find a bubble and short it!

In the same interview Paulson gave a vague assessment of the market

He’s also betting against other parts of the economy, such as credit-card and auto loans. He tells investors “it’s still not too late” to bet on economic troubles.

Not to fast that was way back in January 2008.

written by Constantine Njeru \\ tags: Auto Loans, Bet, Credit Card, Economic Troubles, Economy, Housing Boom, How To Make Money, Investors, John Paulson, Market Predictions, Quote, Wall Street, Wall Street Journal

Money fraud is a big problem. If you take simple protection ideas you can prevent yourself from being a victim of money fraud from con artist

Keep checks in a safe place

1. Don’t sign a blank check allowing someone else to fill in the amount.
2. Never give someone your ATM, credit card or PIN or Social Security number.
3. Check your bank statements carefully for unauthorized withdrawals.
4. Be careful of joint accounts as both parties have equal access to the money.
5. When in doubt, contact the bank to stop payments or checks, to flag or put a hold on the account or to close an account.

written by Constantine Njeru \\ tags: Atm, Bank Statements, Blank Check, Checks, Close Account, Con Artist, Contact, Credit Card, Joint Accounts, Money Fraud, Safe Place, Social Security, Social Security Number, When In Doubt, Withdrawals