Bob Advisor: The Personal Finance Blog

Interest rates update by flexo

Bob — Wed, 07 Mar 2007 09:27:41 +0000

Flexo has updated the list of online savings and checking account interest rates. This list includes some of the more popular “online banks” as well as a few high-interest accounts from brick-and-mortar banks designed to compete with those online banks.

This is a useful list and I recommend a quick read through this. You will definitely get an idea on orevalent interest rates.

Further, in case you have a favorite online money market account that isn’t listed, you can intimate flexo and get this added. Check it out at Quick Update to Interest Rates

Need your advice

Bob — Sun, 25 Feb 2007 16:12:13 +0000

All right. You guys have been reading a lot on personal finance, debt, credit, etc. Lets see how much you really take to heart and follow the advice:) Jokes apart, here is a big chance to be creative and practical at the same time. Flexo has asked for your advice and tips on a real life situation of one Katie. Although he has some ideas, its time for collective brainstorming…read the article at Advice Needed: Newly Found Debt and Debt Collectors and see if you can help.

Telemarketers and the lot…how to do away with them?

Bob — Wed, 21 Feb 2007 11:02:13 +0000

interesting article from consumerismcommetary. Here is a snippet “Each violation of the Telephone Consumer Protection Act of 1991, such as a call from a telemarketer after you’ve told the company not to call you, can fetch a penalty of $500, payable to the unlucky phone call recipient. And it turns out it’s not difficult to file these claims, although it might take a long time before one sees the payments.”

You call the shots…more about the book

Bob — Tue, 13 Feb 2007 07:33:48 +0000

Interesting coverage, especially the following lines “I started my first business at age nine with $50 and a home computer, and ran it from my room at home as a one-kid operation. By the time I was 19 I had started nearly a dozen profitable businesses, and for my latest venture I had received a very attractive offer of $10 million in venture capital. I turned that offer down and walked away because I didn’t feel good about the conditions that would have been imposed on me if I’d taken the money.”

Now how many people would have thought of taking things into their own hands and profiting froma business at age 9? Not me at least. Guess thats why I am not a millionaire at this stage. Check this post at A Teen Millionaire’s 3 Principles to Success

Book review ….You call the shots!

Bob — Wed, 07 Feb 2007 05:31:14 +0000

I don’t know about the book but I sure liked the review by consuumerismcommentary, especially looking at it from a common readers perspective. These lines more or less summarised the gist…..”However, this book outshines in many ways what I am used to seeing (over and over) from the typical financial gurus like Trump and Bach. Like the others, this book promises something unique: the 19 essential secrets of entrepreneurship. Unlike other books I’ve read, Cameron approaches the book through sharing personal stories about growing up, dealing with expectations, learning about the world of entrepreneurship, and building a wide variety of businesses”.

Check the full post at Review: You Call the Shots by Cameron Johnson

Money spoils you?

Bob — Tue, 06 Feb 2007 07:16:19 +0000

Check this out from consumerism commentary:

Money has been said to change people’s motivation (mainly for the better) and their behavior toward others (mainly for the worse). The results of nine experiments suggest that money brings about a self-sufficient orientation in which people prefer to be free of dependency and dependents. Reminders of money, relative to nonmoney reminders, led to reduced requests for help and reduced helpfulness toward others. Relative to participants primed with neutral concepts, participants primed with money preferred to play alone, work alone, and put more physical distance between themselves and a new acquaintance….

Check out the full post at Study: Money Makes People Mean….Interesting read.

Old one but interesting

Bob — Fri, 02 Feb 2007 10:06:22 +0000

Check out Carnival of Personal Finance #80 on the personal finance blog. Some interesting data there regarding the following.

Truth About Interest Rates
Why should I pay off my low interest rate loan (mortgage or otherwise) when I could make so much more by investing in the market?

Tips To Reduce Debt & Stay Out Of Bankruptcy

The Good, the Bad and the Ugly of Credit Cards, Part 1: The Good (from consumerismcommentary)

Wells Fargo’s Debit & Credit Rewards Program - Associated Content
A review of Wells Fargo’s Credit & Debit Card Rewards program, and why they’re probably not worth your time.

Protect Your Card From Its Issuer

This is interesting reading for the avid personal finance solution tracker. Let me know if you find anything interesting I may have missed:)

Credit cards….another interesting one

Bob — Wed, 31 Jan 2007 11:42:07 +0000

Keep an eye on your own credit report. You get to know which companies are accessing your report to figure out the offers to be sent to you. Interesting? Well not so much if you do not need those offers anymore.

And how do you check your credit report? Visite AnnualCreditReport.com to get one of the three free annual credit reports available there. Did you know that all citizens of the United States are legally entitled to these reports? Get more of this at Credit Cards at T.J. Maxx Hacked, Checked My Credit Report. Time to gain some common sense knowledge that is sort of uncommon:)

Maui Millionaires…..grab a copy

Bob — Tue, 30 Jan 2007 11:41:45 +0000

Flexo is giving away copies of Maui Millionaires. If you are interested in knowing other peoples rags to riches adventures, do get your copy. Its available for free, so whats the harm anyway:)

Jokes apart, I am guessing it should be a good read. There are around 34 copies left. All you need to do is go to Final Reminder: Giving Away Copy of The Maui Millionaires and add a comment to teh blog entry. This way Flexo gets some traffic and links and you get your copy free. Thats a win-win. right?

Discover card vs. Amex Simplycash

Bob — Mon, 29 Jan 2007 05:35:24 +0000

I am a regular reader of consumerismcommentary and must admit I get some really sound tips time and again. Just when I thought that the post on choosing the right card for balance transfer was very informative, here comes another extension to this post. That too in the form of an instant messenger transcript. This one provides a decent understanding of both Discover and Amex simplycash cards. You should check out Discover Business Card or AmEx SimplyCash Business FreedomPass if you are a balance transfer enthusiast.

Have a great day!