A Response to Suze Orman's Article Essay

When using credit cards, practicing self-discipline and common sense will allow an individual to use the cards as an advantage (Lynott, 2008). Advantageous tips are to limit the number of credit cards to two for personal use and two for business, charge only what you can pay off at the end of the month because that is interest-free, carry cash to pay for small purchases because they add up quickly on a credit card, become knowledgeable about the interest and additional fees and penalties, and focus on items that are needed and not just wanted (Lynott, 2008).

Credit cards can ruin any financial situation if used improperly. Let’s look at what our two financial authorities think about them. Dave Ramsey is completely against the idea of using credit cards. Being a devout Christian, he often finds his ways of financial teaching through The Bible. Proverbs 22:7 states “The rich rule over the poor, and the borrower is slave to the lender.” You are charged a premium for using a credit card in the form of interest. While you can pay off credit before the interest is charged, Dave insists that many people do not pay if off in time. It is better to get rid of the enticement altogether than to play with the idea of using a

Credit card debt is one of this nation’s leading internal problems, and it has been for around the last 3-4 decades. When credit was first introduced, and up until around the late 1970’s up to today, the standards for getting a credit card were very high; so not everybody could get one. The bar got lowered and lowered to where, eventually, an 18 year-old college student with almost no income and nothing to base a credit score on previously could obtain a credit card (much like myself). The national credit card debt for families residing in the United States alone is in the trillions (Maxed Out). The average American family has around $9,000 in debt, and pays

Richard Fairbank and Nigel Morris, both diligent entrepreneurs, started laying the bricks for their eventual successful company, Capital One, in the late 1980’s. They both worked in the Virginia-based “Signet Bank”. Fairbank started noticing trends in the financial industry that he felt Signet was missing out on. These opportunities were in the credit card industry. He, as well as all of Signet Bank knew that the credit card industry was very risky, but Fairbank was ready to take a chance in this, what can be, highly profitable field.

The article, written by David Sanger and Michael Gordon from The New York Times on August 23, highlights main controversies about Iran-US nuclear agreement. After months of negotiations between USA and Iran, the deal is waiting to be approved by Congress. However, there are many points of debate regarding the approval of this pact. The main point of polemic is the capacity of Iran to produce nuclear weapons after 15 years, when the agreement is supposed to end. Many people, like the Democrat Representative Adam B. Schiff from California, agree Iran would “have a highly modern and internationally legitimized enrichment capability” (Gordon & Sanger, 2015). Others argue in favor of the agreement because, as R. Nicholas Burns, undersecretary of

According to the retired CPA I interviewed, the three most important concepts for a young college student to understand are: (1) Credit History and Credit Scoring, (2) Financing Charges, and (3) the Annual Percentage Rate (APR) of Interest. As they relate to considering which credit card to use, my interview subject suggested that the most important factor is how using that card might affect my credit history in the long term, what the financing charges could be on purchases that are not paid off immediately or very soon after the initial purchase, particularly as a function of the APR.

These days, having debt is all part of being a true American. It’s woven into the very fabric of everything we do. We see something we want, and we want it now, so we charge it. For many it isn’t just wants but needs, student loans or medical bills. Regardless of the type of debt, there are steps you can take to start shrinking that mountain of payments, into an ant hill. Here are ten steps that can help you pay down your debt faster.

When Abraham Sutzkever wrote “How?” in February 1943, he was only seven months from his own freedom, yet the ghetto itself was still one year and five months from emancipation. Yet his portrayal of “the day of Liberation” appears very similar to a day in the Nazi ghettos, where time is extended through pain, devastation, and fear. The only difference felt is the frustration of their memories and their powerlessness to proceed past the hatred and pain that were connected to the deaths of thousands, both literally and figuratively. These dark memories are not forgotten by time, and his imagined survival of the Jews appears bleak and tedious; the pain and gloom of their experiences overshadowing their

While your debt may not actually be rising once you stop making purchases with a credit card in Florida, it may take years to pay off the balance if you only make the minimum payment. If you are looking at solutions for getting out from under overwhelming credit card debt, you may have considered a debt settlement company. At the Law Offices of George Castrataro, P.C., we are able to provide answers to questions people often have when considering this option.

This letter is in response to Robert Butler’s inquiry submitted to your office and received by Blue Cross and Blue Shield of Texas, a Division of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association, on May 2, 2016.

In Samuel G. Freedman’s article published in 2007 titled “New Class(room) War: Teacher vs. Technology”, he shares with readers that it is becoming increasingly more difficult for teachers to teach because students are easily distracted by gadgets during lessons while Matt Britland’s article, “What is the future of technology in education?” published in 2013, is encouraging and promoting schools and educational institutions to use the cloud. Generally, Freedman’s article featured in The New York Times seems more credible and convincing as compared to Britland’s article in The Guardian because he provides an impartial view on the topic and he uses a diversity of sources to validate his points while Britland brings in his personal views and uses only a trail he conducted on his own to sustain his views.

Do you think that friendship and teamwork are related? Is Konigsburg implying that teams work more superior when they’re friends? In The View from Saturday, four intelligent individuals go off gaining new knowledge from their magnificent adventures, to later on using those resources to win the quiz bowl. Coincidence or not? The four kids, Noah, Nadia, Ethan, and Julian, or as they refer to themselves, The Souls, go through many hardships or complications, developing new relations towards each other, and having to go through personal mishaps. At the end of the book, The Souls had won the quiz bowl! But the question I’m pointing out is, did they win because of their partnerships, or had they won because of their intellects?

In the world of personal finances, credit cards play an important roles in lives of many people. Sometimes, it's out of choice while other times it happens out of necessity. Regardless of why it happens, the numbers surrounding credit card debt are worthy of scrutiny in order to determine whether having or using credit cards is a sound financial decision.

“The average American owns 3.5 credit cards and $15,799 in credit card debt… totaling consumer debt of $2.43 trillion in the USA alone.” (Beckner). Debt forces many people into depression and worrying lives. People struggle to discover happiness through financing goods, but struggle even more to find a way out of debt. Through consumerism, people lose their finances in department stores, car dealerships, and much more. Most of the possessions people buy with credit cards become impractical within a few months. The void they search for is never really filled. Consumerism is just a way to get the economy going, without thinking of a person’s individual finance

Growing up with parents who didn’t know much about money put me in a position where I had to learn how to be financially responsible at a young age. Before my 18 birthday I wanted to open my own checking account and eventually a credit card in my name without any cosigner. With this in mind before my 18th birthday, I research every bank from big banks such as Bank of America to little credit unions like Arizona Federal. I learn about the fees, how to avoid them, the advantages and disadvantages of a big bank and credit unions, credit reports, the different type of credit cards available and what the best way to obtain them is. Then at 18, I opened my first bank account and subsequently a credit card a couple months later all without a cosigner. With the knowledge I have obtained on my journey, I know I would be an excellent fit for the company and looking forward to working with the team, and ready to educate the public about finances.