The radio was highlighting the horrors of identity theft and the horrors victims experience. "And for a mere $1 a day you can be immune...." A big concern was one's credit score. A woman explained how she checked her credit score often after being victimized, and months into this was still finding unauthorized accounts being attributed to her.
What if you did not care about credit score with the big three? Dave Ramsey has gotten rich preaching just that. But more practically, is the time spent gaming for a good score worth the eventual payoff. The alternative is to pay current and never use credit (at interest) which opens an alternative universe of living.
There is a massive, clear and present exercise of identity theft for purposes of fraud that goes on every day. Your identity is hijacked for purposes of securing credit. The Federal Reserve Bank lists you as an asset when it lends out credit to whomever the picked winner will be.
You don't feel it, but you are certainly on the hook for any loss. Solyndra? Big deal! You don't feel a $500 million loss any more than when Branson's $500 million rocket blew up (bless the dead co-pilot's soul.) it all comes from you some way or another, but not that you can tell.
Here is the tough sell: we see what we see, and assess that. "Good enough." The alternative is what we cannot see, what myriad goods and services we would have if we were to go usury free.
"Let go of what you know, and you'll get much better in return." Good luck selling that. Life guards wittingly let drowning people go under before they get too close because a drowning person will bring the life guard down too. I guess you have to sit back and wait until the situation is dire. I am in not hurry to see dire. I've been swimming everyday in Lake Washington, even with the temperature in the low 50s. It is an overwhelming experience, I can't wait to get back everyday. If I had all the money in the world, it is what I would do. So nothing would change for me, but may I recommend a daily swim, at least in to the low 50s?
Feel free to forward this by email to three of your friends.
What if you did not care about credit score with the big three? Dave Ramsey has gotten rich preaching just that. But more practically, is the time spent gaming for a good score worth the eventual payoff. The alternative is to pay current and never use credit (at interest) which opens an alternative universe of living.
There is a massive, clear and present exercise of identity theft for purposes of fraud that goes on every day. Your identity is hijacked for purposes of securing credit. The Federal Reserve Bank lists you as an asset when it lends out credit to whomever the picked winner will be.
You don't feel it, but you are certainly on the hook for any loss. Solyndra? Big deal! You don't feel a $500 million loss any more than when Branson's $500 million rocket blew up (bless the dead co-pilot's soul.) it all comes from you some way or another, but not that you can tell.
Here is the tough sell: we see what we see, and assess that. "Good enough." The alternative is what we cannot see, what myriad goods and services we would have if we were to go usury free.
"Let go of what you know, and you'll get much better in return." Good luck selling that. Life guards wittingly let drowning people go under before they get too close because a drowning person will bring the life guard down too. I guess you have to sit back and wait until the situation is dire. I am in not hurry to see dire. I've been swimming everyday in Lake Washington, even with the temperature in the low 50s. It is an overwhelming experience, I can't wait to get back everyday. If I had all the money in the world, it is what I would do. So nothing would change for me, but may I recommend a daily swim, at least in to the low 50s?
Feel free to forward this by email to three of your friends.
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