greedy-bankers

Because of the profitable business model, banks prey upon the financially irresponsible. However, I don’t agree at all that debt ridden people are victims of greedy banks. Banks offer people terrible deals with confusing and picky rules that leave the consumers vulnerable to violating terms which opens them up to fees. However, regardless how bad the deal is, banks don’t force people to accept deals.

maxedoutmovie

I recently watched the documentary called Maxed Out which is all about the greedy banks. The movie shows Louisiana poor folk going through bankruptcy because they defaulted on loans. In one example, a loan officer had to show a poor and uneducated man how to sign his own name, the movie inferred this man was an innocent debt victim. It’s not the banks responsibility to determine your intelligence when doing business. Their jobs are to provide a legitimate service and make as much money as possible doing so.

illiterate5vb-picture-by-amyredwingsnut

Whether or not you read them, banks terms are provided to you when you sign up. If you can’t read, maybe you shouldn’t be the one applying for a loan, but that burden is on the applicant, not the bank. Aside from nonprofit organizations, no business exist that cater only to the well being of others.

If I chose to open a restaurant, I did so because I enjoy interacting with people and I wish to get paid while doing that. To be clear, I don’t actually have my restaurant because I care about other people, I have it because this kind of business brings me pleasure. Therefore my business model is to earn money and pleasure. I would be no better then the greedy bankers. I tempt customers into my restaurant so I can exercise my business model on them.

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If someone doesn’t like mushrooms on their salad, then the burden is on them to either propose a counter offer to what’s on the menu, or to not order that particular salad. That’ it. If you can’t read the menu, then either find someone who can read it for you or just be ready to be flexible with whatever is the outcome. Unfortunately, most of the time finances aren’t very flexible, so just be informed.

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justthrive.com

December 1, 2008

I’ve recently signed up for justthrive.com. This site pulls all your financial information from all your prospective financial websites and gives you a concise view of your financial health. It looks at your bank accounts, your credit cards, your loans and mortgages, your investments and gives you a score based on how good you are with money. The site is fantastic,

It tally’s how much you spend on going out vs buying groceries,suggestions1
It makes suggestions oh how much more or less you should try to spend,spending

It tells you how much your lifestyle costs per day,daily1
It tells you how long you could survive without a job,

survive
It estimates you how much you will make per year once you retire.

retire

Don’t be afraid of putting up your precious financial into. The site does not contain any account numbers, and you have not access to the money that’s visible on the site, it only gives you a birds-eye-view of what you are spending your money on. Worse case scenario, if someone just had to break in, they might find out that your debt has just decreased $400 since last month.

On an irrelevant note, check out my new Hanna Montana tissue box for my car!

hmjason

Everybody’s favorite Michael Jackson is at it again. Apparently an avid fan, the Prince of Bahrain has taken a personal interest in the King of Pop. During his tough financial times, Jacko took millions from him with an understanding that he would come out with a new album, an autobiography, and a musical. All three of those things are too good to be true on their own.

Jacko had a tough time getting the creative juices flowing, so after some frustration he went back to the Prince of Bahrain with a brilliant idea: To get his ideas going he requested that Prince hire Tony Buzan, a “Mind Mapping and Motivational Guru.” This creativity magnet Tony charged the Prince of Bahrian $37,000 a day to give Jacko good ideas. Michael Jackson hung out with him for a week, costing the friendly Prince $350,000. The frustrated Prince was agitated at Michael Jackson’s broken promises, so now they both are in court.

I’m still waiting for the Michael Jackson Las Vegas show, that is supposedly going to have a godlike statue of Michael Jackson that shoots lasers.