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Don't look to Social Security for Retirement: Get a 401(k)
The name is derived from the Internal Revenue Code established in 1978. It's presently administered by the government section called the Employee Benefits Security Administration, also known as the EBSA.
A 401(k) plan is a plan usually used for...
Facts of day trading
Are you thinking of entering the fast-paced world of day trading? Arm yourselves with the information from this fact sheet on day trading.
What is day trading?
Day trading is an investment tactic that does online daily stock trading with a...
Franchises Offer Shortcuts, But Not Control
Q: I will be retiring this year at age 60 and intend to fulfill my lifelong dream of owning my own business. I'm too old to start from scratch, so I'm looking at several franchise opportunities, including fast food, auto parts, and an accounting...
“Survey Says..!” Telecommuting Ranks High On Job Seekers' List
It's tough to find employment in today's job market, especially if a person lacks a formal education or has minimal work experience. Still, even without such background deficits, attempts to find home-based employment may be fruitless at best,...
Tax Secrets For Small Business Owners
Small Business Tax Secrets
Many people that start a small business, can use all the help
that they can get to make it run successful. The government has
over the years provided incentives to more and more businesses
in order for them to...
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Why Some People Never Have Problems With Credit Bureaus
Credit bureaus watch all of us all of the time. If we simply turned over our homeland security to the credit bureaus we would have a huge staff dedicated to stopping terrorists rather than finding out whether we have a handle on asset management or not.
Of course what I am saying is facetious; we do not need our credit companies watching anything else period. What I am pointing out is that whatever our situation there are people who keep an eye on our asset management.
And just as the law enforcement people sometimes drop the ball when it comes to keeping out the terrorists; sometimes the credit bureaus drop the ball and mess up our credit reports.
In fact law enforcement has thousands of individuals and organizations scrutinizing everything they do. A police officer is aware that he is always on display. These credit bureaus are never 'on display' they operate behind the scenes. Also they gather far more information about people than law enforcement ever could.
You would never allow somebody to come into your home and look through your papers would you? You wouldn't let the police ask you about your asset management any more than you would let them look at records of your speed on your car. But that is what we do every day with the credit bureaus.
They look into every aspect of your life and finances. Our taxes, wages, outflow and income are all looked at by these same people. These people have power over whether you get a loan, buy a house or can get a job. Why would we allow these shadowy people these powers? Because we often don't understand the situation or how much power these people have.
When we look at our asset management we need to understand that the credit bureaus are looking at it too and they have no intention of letting us know what they are doing. They are doing their best to keep us in the dark about our own credit scores, who they talk to and why. When was the last time a credit bureau told you that they were sending your score to someone?
About the Author
Jame Printon has worked in big companies all his life. A major issue in those companies is asset management. Over a number of years James developed excellent asset management skills, and now shares his experience in a series of useful articles.
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