Posted on June - 13 - 2011
There are a lot regarding false suggestions concerning credit circulating the community which can affect your financial choices. Today let us discuss the most typical credit myths as well as the facts in it. With any luck, after reading this article, you’ll be enlightened about financial concerns to make personal selections based on facts, this is not on rumors.
Myth No. 1: “Checking your own credit report will lower your credit score.”
Some individuals may be scared to order a copy of the personal reports all too often, thinking that it may impact their rating. But that isn’t correct. Checking your individual credit report won’t reduce or even increase your credit score. In fact, consumers are strongly advised in order to individually verify their own credit reports at least two times annually or perhaps at any time just before submitting fresh credit application to make sure that your record will not contain mistakes, illegal fees as well as completely wrong feedback.
Myth No.
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Posted on June - 13 - 2011
Brad Feld is a managing director at the Boulder, Colorado-based venture capital firm Foundry Group. He also co-founded TechStars and writes the popular blog, Feld Thoughts. The views expressed are his own.
Every day I get numerous emails from software and Internet entrepreneurs describing their newest ideas.
Often these entrepreneurs think their idea is brand new – that no one has ever thought of it before. Other times they ask me to sign a non-disclosure agreement to protect their idea. Occasionally the emails mysteriously allude to the idea without really saying what it is.
These entrepreneurs think their idea is special and magic. And they are wrong.
The great entrepreneurs are already focused on the implementation of their idea. They send me links to their website or software. They describe the business they are in the process of creating (or have already created). T
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Posted on May - 30 - 2011
It’s May. Apart from the heat, it’s also the season for your annual performance bonus.
A few of you may already have made plans for the use of this money as soon as it hits the salary accounts. But many of you must be wondering what to do with this money. Often this money gets spent in an unplanned manner and afterwards, you may repent and wish that you had used the money in a better way.
Here is a list of financially prudent things to do (in the order of priority) with your annual bonus rather than blowing it all up in one massive binge.
Build up your contingency fund – You should build up your contingency fund to at least 3 to 4 months of expenses in case you haven’t done that already. Building up a contingency fund is a crucial part of your financial plan. This contingency fund can be maintained in the form of bank FDs (try opting for sweep in sweep out option if your bank offers) or liquid mutual funds. Conting
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