What is Digg?55 Comments
- plex, on 10/12/2007, -1/+13Rule 103: Stay off Digg. Digg is shown to decrease productivity which will end up you losing your job and retirement.
- c5mjohn, on 10/12/2007, -0/+10Is there anywhere I can buy these tips in book form?
- sockpuppets, on 10/12/2007, -1/+8Let me fix your not funny joke for you:
102) Don't buy a PS3 - ThePug, on 10/12/2007, -0/+7Most of them are common sense, but a few I found resourceful.
- Rice, on 10/12/2007, -1/+7Har har.
- sockpuppets, on 10/12/2007, -0/+5Pssst Nydas, that was the joke, son.
- Sonic_Molson, on 10/12/2007, -1/+6Dugg down because you don't know how to turn off security center and you just published your email. I'm saving you further bashing.
- BlackLineFish, on 10/12/2007, -0/+5This type of advice is dangerous because the target audience is too broad. For instance, the following pieces of advice don't fit:
#1 "As soon as the interest free period expires on the credit card, find another one and move your balance."
#8 "Keep your credit healthy."
Your credit will not remain healthy if you keep opening up new lines of credit. It doesn't matter whether you close the old accounts or not.
Instead, follow this advice:
#1 Educate yourself financially.
#2 Don't blindly follow advice from the lists like this...
--gh - tavisjohn, on 10/12/2007, -0/+4#102 - Do not get a PS3 from E-bay
- rockefeller, on 10/12/2007, -0/+3Don't spend it!!!!!
- LR2_, on 10/12/2007, -0/+3I agree, there are much better sources for learning about credit. This is an important subject.
- lbeaty1981, on 10/12/2007, -0/+3Agreed. Getting a new credit card every 6 months or so will NOT help your credit score. Besides, the author used the wrong form of "your" in item #2, thus losing all credibility in my book. :)
- DiscoLando, on 10/12/2007, -0/+3They lost me at #1. Playing with credit cards is the worst possible thing you can do with your money. The best way to save money is not to get one in the first place.
www.daveramsey.com - Uranium118, on 10/12/2007, -0/+3"Instead, follow this advice:
[...]
#2 Don't blindly follow advice from the lists like this..."
Euh... what??! - berwiki, on 10/12/2007, -0/+3attention: generic comment above
>: - TimDigg, on 10/12/2007, -1/+4Wait a minute
this guy did a "top 10", "101 ways".......and it wasn't used as cheap trick to push ad revenue and bring traffic to his site?
this guy needs "Top 10 ways to MAKE money on the web" - obviouslyshane, on 10/12/2007, -3/+5http://img171.imageshack.us/img171/9671/untitledge4.jpg
- optigon, on 10/12/2007, -0/+230. # You want a CD with that? Don’t bother with albums, download your music. Legally from iTunes or BT.
That's some really iffy advice... I've gotten some some spectacular deals in clearance bins and used at local CD shops that beat the $.99/track price by far. - CubeFarmDrone, on 10/12/2007, -0/+2"Pay for your car in cash, up front. Let’s say you get a car loan for $15,000 at a rate of 6.80% over 10 years. You end up paying back $20,714.49, a full $5,714.49 in interest alone"
According to this guy's logic the following statement is true:
"Buy a car on your credit cards and just keep transferring the balance every six months, for ten years" - gd007, on 10/12/2007, -0/+2buy stuff on internet, save on taxes.
- TheKingInYellow, on 10/12/2007, -0/+2Step 43 makes no sense to me. why not order the appetizer (if it's the same size as the meal)? won't it be cheaper?
i used to live in houston and my wife and i would go to papasito's all the time. there's an appetizer there (antojito mixta) for a little over $10...but it's big enough to feed two people. why not buy the big appetizer for 2 instead of 2 small overpriced meals? - celijoe, on 10/12/2007, -0/+2Paying with credit cards is not the worst possible option. If you pay them off before the deadline, guess what..that's all you pay. Besides the fact of building credit for little things like houses, cars etc. Sometimes having no credit is just as bad as bad credit. But some of the article's statements like the $50 breakfasts and $15 a day lunches. Where does this guy eat?
- joeydoo, on 10/12/2007, -1/+2Two of these stories on the front page?
Spamming me thinks. - manitoba98xp, on 10/12/2007, -0/+1That's funny. I thought for a moment that this was a duplicate, then I realized: it's a totally different article on precisely the same topic! They're a whole 3 items apart in my RSS feed! ^_^
- scubasewj, on 12/03/2007, -0/+1save time and money with http://www.lowfares.com it helps the cheapest flights around
- VnutZ, on 10/12/2007, -0/+1Don't forget saving extra gas money by changing your driving habits. See the comparison graphs in this study that demonstrate how much gas can be saved by changing how you drive. More MPG = More $$. As soon as somebody in a economy car puts a roofrack on for their skis or goes blazing down the highway at 80+mph they are getting less efficiency than me in my Jeep.
http://www.omninerd.com/2006/07/16/articles/57 - inactive, on 10/12/2007, -0/+1And to point out the obvious fallicy, 10 year car loans don't really happen. Sorry kids, if you want to be smart do a 3 year loan.
- c01100011, on 10/12/2007, -1/+2Drink water. Specifically carry a water bottle and fill up for free whenever you can. While eliminating soft drinks, juices , energy drinks and coffees completely isn't feasible for some, reducing the consumption of these pricey beverages saves a ton.
And the health benifits are great aswell. - rockefeller, on 10/12/2007, -0/+1I don't really see how you take a loan for 6.8% and you get an investment at 6.8%, there would be any difference. I thought that if the interest rates are the same, there would be no gain.
- inactive, on 10/12/2007, -0/+1not only are there 2 of these on the same page, but there have been like 5 before now, marked as Dupe
- DiscoLando, on 10/12/2007, -0/+1'If you pay them off before the deadline, guess what..that's all you pay.'
That would be true if that happened, but Americans do not pay off their credit cards before the deadline. I think the latest figure is about 78% of Americans carry a balance with an average rate of 14%. We're throwing our money away.
'Besides the fact of building credit for little things like houses, cars etc.'
Wrong. Credit is not needed to buy houses or cars. Look up manual underwriting.
'Sometimes having no credit is just as bad as bad credit.'
Wrong again. Having no credit is only bad if you want to play an un-winnable game. Why do you think record numbers of Americans are filing Chapter 7 while Visa makes billions? - madcaesar, on 10/12/2007, -0/+1http://www.duggmirror.com/
- drjborg, on 10/12/2007, -0/+1Oh, jfc am I am pathetic. Not only did your comment crack me up, it showed me i can put digg on my google homepage.
- xfTwitch, on 10/12/2007, -0/+1moronic. NEVER get payment protection schemes on your credit cards. They are simply there to feed off of your fear of getting fired and you'll pay and pay and pay and pay... and never actually use it.
- MrBilly, on 10/12/2007, -0/+1if you are making a house or car payment, see if your bank will let you make payments every two weeks instead of making one big payment at the end of each month. Since there are not exactly 30 days in each month, this will allow you to to get ahead on your payments over time.- But check and make sure there is not a fee for this service at the bank or through your lender.
This way, you can budget your money later and on a 30 year mortgage, you pay it off 7 years soon, save thousands, and may even have a little left over to play with. - TheKingInYellow, on 10/12/2007, -1/+230. # You want a CD with that? Don’t bother with albums, download your music. Legally from iTunes or BT.
BT (which i will assume is Bit Torrent) allows you to download legal music? if you're going to use Bit Torrent why bother paying for it? this also applies to setp 31. - arlene1985, on 01/07/2009, -0/+0Saving is spending wise. In short, buy only things you can't get on without. Food, clothes, etc.
http://hubpages.com/hub/Teaching-Teens-To-Save-Mon ...
All it takes to start saving is to assees one's needs. - deserted, on 10/12/2007, -2/+2"#75 Try and get a room rate with breakfast included. On a recent trip to Bali I saved $50 per day just because breakfast was included in the rate."
I find that hard to believe... $50 a day on breakfast? - kenahoo, on 10/12/2007, -0/+0About this one:
"11. Pay for your car in cash, up front. Let’s say you get a car loan for $15,000 at a rate of 6.80% over 10 years. You end up paying back $20,714.49, a full $5,714.49 in interest alone."
That's true, but it's not the whole story. If you take that $15,000 cash and invest it in something that makes 6.80% anually, you'll end up with $29,551.39 in the investment account at the end of the 10 years. That offsets the $5714.49 nicely, for a net gain of $8,836.93.
Couple that with the fact that I seem to usually be able to get a car loan for a significantly lower rate than I can expect to earn in my investments, and taking the loan seems like a pretty good idea. - rcasto, on 10/12/2007, -1/+1Lots of this is just common sense. That is why it keeps being repeated. If we did all this stuff, they would have nothing to write about and the economy would tank.
- celijoe, on 10/12/2007, -0/+0I agree with you on the 78% of americans. No qualms there.
http://financialplan.about.com/cs/creditdebt/a/NoCredit.htm
Read this.
The article does explain working around not having credit, though you do have to be responsible as the article explains.
This should answer the last two statements. However I did say "sometimes", you left that out of your rebuttal to my statement.
I again agree with you on the chapter 7 statement.
P.S. manual underwriting is becoming obsolete to Automated Underwriting :) - flipflophead12, on 12/17/2007, -0/+0check out http://www.farespinner.com/ also. airfare, hotels, car rentals, vacation deals, etc.
- tpwtr, on 10/12/2007, -0/+0This guy doesn't know what he's talking about. Two examples:
Number 13 would have us all get adjustable rate mortgages. Anyone want mine? It resets next year to what will be 7 3/4 % APR, using the current base rate. If I had gotten a fixed rate mortgage instead, I could have locked in 5% for 30 years.
Number 18 says to buy loan repayment insurance. This is the second biggest lending rip-off of all time. The first is what's called "Credit Life" insurance, which pays off your loan if you die. Under both types of insurance, the borrower pays the premiums but the bank is the beneficiary. Does that sound like a good deal to you? I was a bank examiner for many years and it was not unusual for loan officers to make more in commissions from these policies, than they made from their salaries. - ArashTheGreat, on 10/12/2007, -0/+0Doesn't make any sense! Having different credit cards and transferring balances from one to another one impacts credit history and discourages lenders in giving out loans to you for e.g. when applying for mortgage or car load,etc.
- inio, on 10/12/2007, -2/+1er, not a dup, burry please.
- 1bloke, on 10/12/2007, -4/+3Two words: Piggy Bank
- compconsultant, on 10/12/2007, -1/+0So, I should pay off debts that have zero interest (#2). Great idea since, who would want to make 4.5%, in savings when I can save 0% on my credit card!
Then I should send in all my payments early (#5) (heck send em in 3 months in advance), so I don't have to earn any of that dumb interest in savings.
Then make threatening calls to your credit card company (#7), because large corporation respond well to petty threats
I'm not reading any farther, this has to be one of the worst ever. - DiscoLando, on 10/12/2007, -1/+0Sure, while you're earning that hefty 4.5% interest rate (barely enough to cover inflation), I'm paying off all my debt and using the freed up income to invest in Roth IRAs and Mutual Funds that return 8-12%. Let's see who's farther ahead in 20 years.
- TheDowntownKing, on 10/12/2007, -2/+1Tips #98-101
Most Useful - inactive, on 10/12/2007, -6/+4ok we get it! We know how to save money, now stop making these damn stories!!
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