Simple Practices that Lead to Wealth
The Federal Reserve announced Thursday new banking rules, which require consumers to opt-in before overdraft protection fees are allowed on their ATM and debit cards. This is a huge win for consumers who are being soaked for close to $40 billion dollars in overdraft fees in 2009 alone.
Today was Pink Slip Tuesday at my company. They laid-off 10 of my friends, which was 20% of our staff. The only good news for me today is I’m not one of the people who were let go.
As American consumers, 70% of the economy is based upon our spending. This makes us very powerful in some ways. It also makes us a target for aggressive sales tactics and deceptive marketing claims.
This week, I moved my blog to HopeToProsper.com. With this change of venue comes a new style, a new attitude and a new theme for my blog. What hasn’t changed is my commitment to providing the highest quality content, with emphasis on sound financial planning.
In my opinion, the best way to help the environment is to change the cost and economics, so that it favors clean sources of energy. For example, people will start buying electric cars when they are priced roughly the same as gasoline powered vehicles. And, they will convert to wind and solar power when it becomes price competitive with utility power.