Order you credit card reports.

Canadian Capitalist posted this:

It is a good practice to order your credit report every year. You never know what errors lurk in them. The first time I ordered my credit report, I found that my bank still had a lien on my car though the car loan was long paid off.

This is so true. Once, they charged me for an item I never bought. I called them, and they said they will investigate it. They called me cack to tell me it was their fault, and that It wasn’t theft. I canceled the credit card. So, it is very important to check your reports. You don’t want to pay something you never bought.

Organization and Planning

This is a first entry on money management for college students. Others will follow.
Organization and Planning
-You are in college, and you might getting money from your parents, or from loan. But, you know you can save money from the “allowance” you get, or the loan you have. I know there are a lot of parties going on, a lot of beers to drink but you are still in college, and money can be scarce.
-Get a used notebook, or open an excel sheet, and track your spending. It is a great way not to spend more than what you budget allows. It is also a great way to track your spending habits, which will be useful for upcoming section (save money).
-Try to use you credit card wisely, the lesser, the better. However, I actually encourage you to have a credit card, because overtime, you’ll be able to build a good credit history. We will get to that later on.
-Keep your receipt, and check your banking account statement. See if they didn’t charge you more.
-Keep track of the credit card account. Pay your credit money, before the due date, so you don’t have to pay for interest. Also, that’s how debt starts to accumulate.
if you have any other suggestions, please comment about them.

The dream: becoming rich.

How many of us, young people, dream of becoming rich? How many of us see ourselves, owning a company, and and not having to deal with a boss? How many of us dream of owning a nice car, and nice house and taking nice vacations.
A lot. But how do we proceed to that.
I think the only set back is laziness, and what derives from that. A lot of us think that an idea will pop-up, and we’ll make a lot of money with it. It takes a lot more than that. It takes a leap of faith to take that idea into action. It takes hard work, a lot of time, and not necessarily a lot of money, contrary to what some believe.
If you are young, I am positively sure that you’ll make it if you are not lazy, and if you don’t understand that it will take some time. Sure you’d rather have fun, go partying and like binge drinking. But guess what, admit it, you have time for all of that, if you knew how to organize yourself.
The aim of this blog is to promote a good start to succeed in life in general, and financially in particular. We will be learning to get organized, to save money, how to deal day-to-day money matters, and how to invest.
I hope this blog will not be boring, and I hope you’ll enjoy the experience, as much as I will enjoying it.

Welcome

If you are in your twenties, and you are already interested in your financial future, lucky you, you made the first step.

When you are at your twenties, you do not have a husband/wife, a mortgage to pay or children to take care of. Maybe you have a boyfriend/girlfriend, but let’s face it, you’ll only have to buy him/her a gift for his/her birthday, and maybe dinner once a month.

The aim of this blog is to teach college students, recent graduates and young entrepreneurs how to manage their money, how to invest and hopefully how to guarantee a better future for yourself.

However, as I stated in the about page, I am no expert (yet). You are going to learn with me, and hopefully, we will make it fun.

My goals with this website is to have a 2000+ unique visitors by summer 2007. Hopefully, by that time, I’ll hire more writers, and the blog/site will be changing. (stock picks and ratings, and maybe even consulting). However, we will talk about later.

Also, if anyone has any questions, or any suggestions, please e-mail me at zaydoun@gmail.com.

If you want to write for this blog, you can submit two “samples”, and I’ll be happy to add you as a writer.

I really have big hopes for this blog in the future, and I hope you’ll be part of it.