Archive | October, 2010

Don’t Think You Can Stop Paying Your Mortgage

29. October 2010

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Hi NeedMoney fans, I’ve received several inquiries from readers who have been following this mortgage mess as it has unfolded over the past several weeks. So what exactly has happened? It appears that the banks have used improper procedures in many instances when going about foreclosing on homes owned by delinquent borrowers. Consequently, many major […]

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Avoid Margin Like The Plague

26. October 2010

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Greetings NeedMoney, James here about the perils of buying stocks on margin. Many of us who need money attempt to fill the gap with that one large stock trade which will bail us out of our financial woes. One tool used by stock traders looking to make a killing is called margin. This is when […]

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Stocks Versus Bonds

23. October 2010

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Stocks Versus Bonds

Hi NeedMoney readers, James here with some basic talk about stocks and bonds. Many novice investors do not understand the difference between stocks and bonds, and their appropriate place within your retirement and savings portfolios. When you own a stock, you actually own a piece of the company. When the company does well, then the […]

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The Perils Of A Bad Credit Score

20. October 2010

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Hi all, James here again, and I’d like to follow up on my previous post about your credit score. I explained in my last post the basics about your credit score, and now I’d like to discuss the ramifications of having a bad credit score. I can speak to this from personal experience having suffered […]

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Protect Yourself From Identity Theft

18. October 2010

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Protect Yourself From Identity Theft

Hello NeedMoney, Although I have never been a victim of identity theft, a very close friend of mine was. I can attest to the sheer agony fixing all of the damage entailed for her, and ever since witnessing her ordeal I have been especially careful to take steps ensuring that I do not fall victim […]

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Your Credit Score

17. October 2010

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Hey everyone, It’s James here to discuss a topic you’ve surely heard discussed a million times. Nonetheless, due to its importance, I desire to stress to NeedMoney readers the importance of maintaining a good credit score. For the uninitiated, your credit score (often referred to as a FICO score) is a number assessed to you […]

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Do I Really Need This?

14. October 2010

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Hi everyone, It’s James, and I’m here to now discuss the spending side of the equation. Previously, I’ve discussed the importance of saving and issues surrounding retirement. Now I’d like to discuss spending. America is no doubt a consumer-driven society, and we are bombarded with constant advertising carefully constructed to stoke our impulses to buy. […]

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Saving For Retirement

11. October 2010

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Saving For Retirement

James here. I’d like to discuss something which many of you probably avoid like the proverbial 800 pound elephant in the room. Most Americans are woefully deficient when it comes to retirement savings. Social security can definitely help, but it is not viable to depend on it as your sole source of income during your […]

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