My middle sister is a tourist at heart. She stalks travel sites, enjoys making itineraries and is the type of person who stops to read all the historic markers. If you ever want to know the most strategic way to tackle a theme park, she’s your woman. But she cares about more than the fine details of her destination. She dreams big, relishing the idea of riding an Icelandic pony or floating down a Venetian canal long before she leaves home. Traveling makes her feel fully alive.
I know this because she weaves travel talk into everyday conversation. She listens with rapt attention to other people’s travel stories and tucks destination ideas into the back of her mind. She soaks in travel magazines and reads guidebooks for fun. She is awash in wanderlust.
As much as she enjoys the process of thinking and planning, she has realized that she wants to do more actual traveling. “There are so many places I want to see, so much I want to do, and I know I can’t wait for the ideal time,” she recently declared. This means fitting travel into her life as a wife and as a mother of three homeschooled children, all while working within a slim budget.
She’s obviously serious about this. She’s leaving this week to visit a friend in Texas, thanks to a $150 ticket. After that, it’s a girlfriends’ getaway to Nevada. And this summer, it’s a road trip with her kids to the places where Laura Ingalls Wilder lived and wrote about. My sister is determined to live her dream, not just talk about it. She’s doing the best she can with the resources she has right now.
Her newfound determination reminds me of a story I read about renowned violinist Itzhak Perlman. Perlman reportedly had a string break during a concert in front of a large crowd. The story goes that he continued playing with the remaining three strings, adjusting and compensating as he went along--and ending his performance with rousing applause from the audience. When the crowd quieted, Perlman spoke. “You know, sometimes it’s the artist’s task to find out how much music you can make with what you have left.”
Limited resources don’t have to keep you from achieving a longtime dream, whether it’s large or small. First, you need to get out of the “dreaming” stage and move into the doing. In other words, decide on your destination; this is your goal. While you’re doing this, tune out the naysayers, even if you’re one of them right now.
Next, work on removing the limits that can make you feel stuck. If it’s a lack of savings, start an automatic payroll deduction or save every five dollar bill you get. If it’s debt that’s holding you back, get a handle on what you owe and create a repayment plan. If it’s an overscheduled life, look for ways to free up time.
Keep in mind that removing limits doesn’t necessarily mean making major changes. Maybe your obstacle is some as simple as having a lack of space for your own garden; you don’t have to move to do what you love. Look for a community garden plot or ask a friend if you can put in a few raised beds at his house for a share of the bounty.
Whether you reach your destination quickly or if you travel down a winding path to get there, always make it a point to do the best you can with the resources you have at your command right now. Here’s to Iceland ponies and to following your passion wherever it might lead.
CCCS/ACCE –American Center for Credit Education
Carey Denman
Friday, March 26, 2010
Tuesday, March 23, 2010
FTC Amends Free Credit Reports Rule To Help Consumers Steer Clear of ‘Free’ Offers that Cost Money
Starting April 2, advertising for “free credit reports” will require new disclosures to help consumers avoid confusing “free” offers – which often require consumers to spend money on credit monitoring or other products or services – with the no-strings-attached credit reports available at AnnualCreditReport.com, or 877-322-8228.
The Federal Trade Commission’s Free Credit Reports Rule will require new prominent disclosures in advertisements for “free credit reports.” For example, any Web site offering free credit reports must include a disclosure, across the top of each page that mentions free credit reports, which states:
THIS NOTICE IS REQUIRED BY LAW. Read more at FTC.GOV.
You have the right to a free credit report from AnnualCreditReport.com
or 877-322-8228, the ONLY authorized source under federal law.
The Web site disclosure must include a clickable button to “Take me to the authorized source” and clickable links to AnnualCreditReport.com and FTC.GOV.
The Credit CARD Act of 2009 requires the Commission to issue a rule by February 22, 2010, to prevent deceptive marketing of “free credit reports.” Specifically, the Act requires that certain advertisements for “free credit reports” include prominent disclosures designed to prevent consumers from confusing these “free” offers with the federally mandated free annual credit reports available through the “centralized source,” which is AnnualCreditReport.com, or 877-322-8228. The Credit CARD Act of 2009 requires a slightly different disclosure between now until April 2: “Free credits reports are available under Federal law at: AnnualCreditReport.com.”
The FTC proposed amending the Rule in October 2009 and received more than one thousand comments from consumers, consumer reporting agencies, consumer report resellers, business and trade organizations, state attorneys general, consumer advocates, law firms, members of Congress, and academics.
The amended Rule also restricts practices that might confuse or mislead consumers as they try to get their federally mandated free annual credit reports. For example, the amended Rule requires nationwide consumer reporting agencies – Equifax, Experian, and TransUnion – to delay any advertising for products or services on AnnualCreditReport.com until after consumers get their free credit reports.
The amended Rule is effective April 2, 2010, except for the wording of the disclosures for television and radio advertisements, which takes effect on September 1, 2010. The FTC will monitor and evaluate the effectiveness of the amended Rule and the required disclosures, and will consider additional changes as necessary.
The amended Rule can be found on the Commission’s Web site as a link to this press release and will soon be published in the Federal Register. The Commission vote authorizing the publication of the Federal Register notice was 4-0.
Information in credit reports may affect whether consumers can get a loan or a job, so it is important that consumers check their credit reports and correct any information that is inaccurate. Each of the nationwide credit reporting companies is required to provide consumers with a free copy of their credit reports once every 12 months upon request. Consumers can learn more about their right to a free credit report under federal law at http://www.ftc.gov/freereports.
MEDIA CONTACT:
Frank Dorman,
Office of Public Affairs
202-326-2674
STAFF CONTACT:
Katherine Armstrong,
Bureau of Consumer Protection
202-326-2252
(FACTA - Free Credit Reports)
(FTC File No. R411004)
Reprinted from the Federal Trade Commissions website at http://www.ftc.gov/opa/2010/02/facta.shtm
The Federal Trade Commission’s Free Credit Reports Rule will require new prominent disclosures in advertisements for “free credit reports.” For example, any Web site offering free credit reports must include a disclosure, across the top of each page that mentions free credit reports, which states:
THIS NOTICE IS REQUIRED BY LAW. Read more at FTC.GOV.
You have the right to a free credit report from AnnualCreditReport.com
or 877-322-8228, the ONLY authorized source under federal law.
The Web site disclosure must include a clickable button to “Take me to the authorized source” and clickable links to AnnualCreditReport.com and FTC.GOV.
The Credit CARD Act of 2009 requires the Commission to issue a rule by February 22, 2010, to prevent deceptive marketing of “free credit reports.” Specifically, the Act requires that certain advertisements for “free credit reports” include prominent disclosures designed to prevent consumers from confusing these “free” offers with the federally mandated free annual credit reports available through the “centralized source,” which is AnnualCreditReport.com, or 877-322-8228. The Credit CARD Act of 2009 requires a slightly different disclosure between now until April 2: “Free credits reports are available under Federal law at: AnnualCreditReport.com.”
The FTC proposed amending the Rule in October 2009 and received more than one thousand comments from consumers, consumer reporting agencies, consumer report resellers, business and trade organizations, state attorneys general, consumer advocates, law firms, members of Congress, and academics.
The amended Rule also restricts practices that might confuse or mislead consumers as they try to get their federally mandated free annual credit reports. For example, the amended Rule requires nationwide consumer reporting agencies – Equifax, Experian, and TransUnion – to delay any advertising for products or services on AnnualCreditReport.com until after consumers get their free credit reports.
The amended Rule is effective April 2, 2010, except for the wording of the disclosures for television and radio advertisements, which takes effect on September 1, 2010. The FTC will monitor and evaluate the effectiveness of the amended Rule and the required disclosures, and will consider additional changes as necessary.
The amended Rule can be found on the Commission’s Web site as a link to this press release and will soon be published in the Federal Register. The Commission vote authorizing the publication of the Federal Register notice was 4-0.
Information in credit reports may affect whether consumers can get a loan or a job, so it is important that consumers check their credit reports and correct any information that is inaccurate. Each of the nationwide credit reporting companies is required to provide consumers with a free copy of their credit reports once every 12 months upon request. Consumers can learn more about their right to a free credit report under federal law at http://www.ftc.gov/freereports.
MEDIA CONTACT:
Frank Dorman,
Office of Public Affairs
202-326-2674
STAFF CONTACT:
Katherine Armstrong,
Bureau of Consumer Protection
202-326-2252
(FACTA - Free Credit Reports)
(FTC File No. R411004)
Reprinted from the Federal Trade Commissions website at http://www.ftc.gov/opa/2010/02/facta.shtm
Friday, March 19, 2010
Find and Use Your “Free Square”
I was just a kid the first time I stepped into a bingo hall. I had come with a friend, expecting an evening of light-hearted fun. Instead, I quickly realized that the tension in the room was palpable. Under glaring fluorescent lights, the most serious players hovered over a dozen or more cards, furiously, scanning the numbers, never even glancing up at the caller. This was clearly no place for goofing around.
As a bingo newbie, I sat with my lone card in front me, feeling slightly more at ease when I slid the little red shutter across my “free square” space. All through the night, I would clear my entire card between rounds, and then wait to pull the free square shutter until play began again. I liked the notion that one small part of the game wasn’t left to chance.
I couldn’t predict what numbers would be drawn, but I could know for certain that the center square of my card held the promise of moving me closer to a win. It was a valuable space, just as valuable as any of the numbers that were called all throughout the evening.
Author Victoria Moran argues that you have a free square in your life too, that place where you have a gift or a forte, the thing that comes easily to you, when it might seem difficult or even impossible to someone else. She contends that you probably tend to undervalue this free square, the very thing that might be your most practical asset. This is often because you haven’t paid close attention to it and because it doesn’t necessarily fit into the mold of “talent.”
Take my husband, for example. He has a mathematical mind, the kind that can quickly calculate the price per ounce when we’re at the grocery store or figure our gas mileage when we’re filling up at the pump. He can do fractions like a whiz and can compute large numbers faster than I whip out a calculator. He catches mistakes on financial documents, is a master at working a budget, and has actually been known to do algebra for fun. His mathematical mind is his free square.
I, on the other hand, do not have a mathematical mind, but I do have an aptitude for cooking. I’m at home in the kitchen, knowing when a dash of Worcestershire would give a dish the kick it needs or when the banana muffins are done because of the way they smell. I cook for people when they have new babies or experience a death in the family. I cook to share time with people I care about. And I have been known to cook for fun.
Your free square could be small engine repair, wine making, knitting, taping and texturing walls, cleaning, building, sewing, meeting people, or organizing, among hundreds of other things. The key is learning to recognize and use your free square, in whatever way brings you the best results. This might mean you use it for recreation, to help someone else, to make money, or just for the sheer pleasure of doing something that comes easily to you (even if it’s algebra).
CCCS/ACCE –American Center for Credit Education
Carey Denman
As a bingo newbie, I sat with my lone card in front me, feeling slightly more at ease when I slid the little red shutter across my “free square” space. All through the night, I would clear my entire card between rounds, and then wait to pull the free square shutter until play began again. I liked the notion that one small part of the game wasn’t left to chance.
I couldn’t predict what numbers would be drawn, but I could know for certain that the center square of my card held the promise of moving me closer to a win. It was a valuable space, just as valuable as any of the numbers that were called all throughout the evening.
Author Victoria Moran argues that you have a free square in your life too, that place where you have a gift or a forte, the thing that comes easily to you, when it might seem difficult or even impossible to someone else. She contends that you probably tend to undervalue this free square, the very thing that might be your most practical asset. This is often because you haven’t paid close attention to it and because it doesn’t necessarily fit into the mold of “talent.”
Take my husband, for example. He has a mathematical mind, the kind that can quickly calculate the price per ounce when we’re at the grocery store or figure our gas mileage when we’re filling up at the pump. He can do fractions like a whiz and can compute large numbers faster than I whip out a calculator. He catches mistakes on financial documents, is a master at working a budget, and has actually been known to do algebra for fun. His mathematical mind is his free square.
I, on the other hand, do not have a mathematical mind, but I do have an aptitude for cooking. I’m at home in the kitchen, knowing when a dash of Worcestershire would give a dish the kick it needs or when the banana muffins are done because of the way they smell. I cook for people when they have new babies or experience a death in the family. I cook to share time with people I care about. And I have been known to cook for fun.
Your free square could be small engine repair, wine making, knitting, taping and texturing walls, cleaning, building, sewing, meeting people, or organizing, among hundreds of other things. The key is learning to recognize and use your free square, in whatever way brings you the best results. This might mean you use it for recreation, to help someone else, to make money, or just for the sheer pleasure of doing something that comes easily to you (even if it’s algebra).
CCCS/ACCE –American Center for Credit Education
Carey Denman
Friday, March 12, 2010
Paying Attention Brings Good Things
We don’t slug one another, but the competition in our van can sometimes be intense. “Slug bug yellow,” my five-year-old yells as we drive down the street. “Good eye,” replies her three-year-old brother. Not to be left out, our two-year-old keeps a sharp eye on the familiar side streets and parking lots where he can expect to see what has become his favorite car, the Volkswagen Beetle.
Since we’ve revived this game of our childhood, the iconic car seems to pop up everywhere. Of course, this is only because we pay attention to the passing cars, in hopes of adding to our personal slug bug tally. At least when it comes to slug bugs, none of us suffer from what psychologists call “inattentional blindness,” a term that describes an inability to perceive things in plain sight.
According to Professor Richard Wiseman, inattentional blindness often keeps people from recognizing the positive things in their lives. To demonstrate the effect of inattentional blindness, Wiseman gave people a newspaper and asked them to count the number of photographs in its pages. On page two of the newspaper, Wiseman printed a message in one-inch letters that read, “Stop counting, there are 43 photographs in this newspaper.”
Wiseman concludes that those who saw the announcement right away tend to be lucky people. On the other hand, participants who didn’t notice it are more apt to miss out on unexpected opportunities. In other words, Wiseman’s experiment confirms that people who carefully observe their environment have more good things happen to them.
My friend Heather is an avid radio listener, but she does more than just let the music wash over her. She pays attention, and when she hears about opportunities to win prizes, she calls in—and she wins. A lot. Her winnings include concert and movie tickets, a new Harley Davidson, an iPod, and trip to Hollywood, among other things. She even had an auctioneer give her a diamond ring once. When no one was bidding on it, he held it up and asked, “Does anybody want this?” She was the only one who raised her hand.
I tease her about being lucky, but she is quick to point out that she wins because she says yes to the possibility of winning. She dials the phone (and is brave enough to sing on the radio). She says yes to the auctioneer who is offering her a diamond. Though it’s easy to attribute circumstances to good or bad luck, Heather demonstrates how we often have far more control over our lives than we realize.
Yes good and bad things do just happen sometimes. But Wiseman encourages people to plug into the world around them if they wish to have more good things come their way. Luck isn’t found in a talisman like a rabbit’s foot or a four-leaf clover. Rather, luck is a state of mind, a way of thinking and behaving.
CCCS/ACCE –American Center for Credit Education
Carey Denman
Since we’ve revived this game of our childhood, the iconic car seems to pop up everywhere. Of course, this is only because we pay attention to the passing cars, in hopes of adding to our personal slug bug tally. At least when it comes to slug bugs, none of us suffer from what psychologists call “inattentional blindness,” a term that describes an inability to perceive things in plain sight.
According to Professor Richard Wiseman, inattentional blindness often keeps people from recognizing the positive things in their lives. To demonstrate the effect of inattentional blindness, Wiseman gave people a newspaper and asked them to count the number of photographs in its pages. On page two of the newspaper, Wiseman printed a message in one-inch letters that read, “Stop counting, there are 43 photographs in this newspaper.”
Wiseman concludes that those who saw the announcement right away tend to be lucky people. On the other hand, participants who didn’t notice it are more apt to miss out on unexpected opportunities. In other words, Wiseman’s experiment confirms that people who carefully observe their environment have more good things happen to them.
My friend Heather is an avid radio listener, but she does more than just let the music wash over her. She pays attention, and when she hears about opportunities to win prizes, she calls in—and she wins. A lot. Her winnings include concert and movie tickets, a new Harley Davidson, an iPod, and trip to Hollywood, among other things. She even had an auctioneer give her a diamond ring once. When no one was bidding on it, he held it up and asked, “Does anybody want this?” She was the only one who raised her hand.
I tease her about being lucky, but she is quick to point out that she wins because she says yes to the possibility of winning. She dials the phone (and is brave enough to sing on the radio). She says yes to the auctioneer who is offering her a diamond. Though it’s easy to attribute circumstances to good or bad luck, Heather demonstrates how we often have far more control over our lives than we realize.
Yes good and bad things do just happen sometimes. But Wiseman encourages people to plug into the world around them if they wish to have more good things come their way. Luck isn’t found in a talisman like a rabbit’s foot or a four-leaf clover. Rather, luck is a state of mind, a way of thinking and behaving.
CCCS/ACCE –American Center for Credit Education
Carey Denman
Friday, March 5, 2010
A Personal Investment in Education Brings Students Freedom and a Sense of Accomplishment
Many days, it’s a stretch to think about any of my children going to college someday. After all, I spend a lot of my time saying things like, “We paint on the paper, not on our face.” “Don’t put that in your nose.” And “Please get down from there.” Still, I know that time in the parenting trenches is fleeting and that college really isn’t that far away.
I’m reminded of this every once in a while when someone sees us out with our children and exclaims, “Wow. You’re going to have four kids in college all at once.” Indeed, if we were to pay for their education, we’d have to be saving a hefty sum already.
College tuition rates have been outpacing the rate of inflation, and experts agree that this trend will likely continue. Thirteen years from now (when our oldest is 18), a four-year college degree will cost an estimated $100,000, and this is a conservative number.
College will probably get more expensive for the next three children down the line, with costs coming in at about a half-million dollars for all of our kids. This is in part why we don’t intend to pay for their college tuition, but I wouldn’t say that it’s the most significant reason.
My parents gave me plenty of warning that I would be paying for my own education, giving me a lot of time to consider whether going to college was important to me. Once I decided that it was important, I had to know what I was willing to pay for it. I didn’t realize until later that paying for college would end up being a significant part of my education.
With encouragement from my parents, I did a lot of babysitting and cleaning during the summers, tucking away half of everything I made. Years later, I stood in the registration line in the college gym, my hand trembling as I wrote a check that amounted to all my summers of hard work. And I do mean all. I spent everything I had saved to pay for one semester of classes.
Seeing my savings vanish, I quickly found a job at a nearby restaurant. I donned an au jus-splashed apron several days a week and squeezed in a work-study job too. I was on a first-name basis with the staff in the business office at my college, which tells you just how many times I trekked up there to make payments.
Though it wasn’t always easy, the hard work of paying for college forced me to think carefully about how I approached my academic work. Whatever classes I took, I knew I would have to pay for them and for my books. If I skipped a class, it was like debiting money from my own account. Does this mean I was the perfect student? Not exactly. But the experience of paying my own way gave me a sense of freedom and accomplishment that I’ll never forget.
We haven’t started a college savings plan, but we are already preparing our children to think about the value of getting an education. More than anything, we want to give them the power to decide the shape and scope of their education. And if this means going to college, we will be happy to help them as we are able.
CCCS/ACCE –American Center for Credit Education
Carey Denman
I’m reminded of this every once in a while when someone sees us out with our children and exclaims, “Wow. You’re going to have four kids in college all at once.” Indeed, if we were to pay for their education, we’d have to be saving a hefty sum already.
College tuition rates have been outpacing the rate of inflation, and experts agree that this trend will likely continue. Thirteen years from now (when our oldest is 18), a four-year college degree will cost an estimated $100,000, and this is a conservative number.
College will probably get more expensive for the next three children down the line, with costs coming in at about a half-million dollars for all of our kids. This is in part why we don’t intend to pay for their college tuition, but I wouldn’t say that it’s the most significant reason.
My parents gave me plenty of warning that I would be paying for my own education, giving me a lot of time to consider whether going to college was important to me. Once I decided that it was important, I had to know what I was willing to pay for it. I didn’t realize until later that paying for college would end up being a significant part of my education.
With encouragement from my parents, I did a lot of babysitting and cleaning during the summers, tucking away half of everything I made. Years later, I stood in the registration line in the college gym, my hand trembling as I wrote a check that amounted to all my summers of hard work. And I do mean all. I spent everything I had saved to pay for one semester of classes.
Seeing my savings vanish, I quickly found a job at a nearby restaurant. I donned an au jus-splashed apron several days a week and squeezed in a work-study job too. I was on a first-name basis with the staff in the business office at my college, which tells you just how many times I trekked up there to make payments.
Though it wasn’t always easy, the hard work of paying for college forced me to think carefully about how I approached my academic work. Whatever classes I took, I knew I would have to pay for them and for my books. If I skipped a class, it was like debiting money from my own account. Does this mean I was the perfect student? Not exactly. But the experience of paying my own way gave me a sense of freedom and accomplishment that I’ll never forget.
We haven’t started a college savings plan, but we are already preparing our children to think about the value of getting an education. More than anything, we want to give them the power to decide the shape and scope of their education. And if this means going to college, we will be happy to help them as we are able.
CCCS/ACCE –American Center for Credit Education
Carey Denman
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