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Mar 03 2010

Blumenthal: Fed Misses Critical Deadline To Roll Back Credit Rates, Fees By KENNETH R. GOSSELIN The Hartford Courant Even as a sum of new protections for credit card users went into effect last Monday, the state attorney general disparage a ke

Mar 03 2010
update new credit card regulations allow room for maneuvering
UPDATE: New Credit Card Regulations Allow Room For Maneuvering By Meena Thiruvengadam Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The credit card game rules have officially changed thanks to new credit card regulations, effective Monday,

Mar 03 2010
Report: Interchange Fees Obstructs Economic Growth, Job Creation
Report: Interchange Fees Obstructs Economic Growth, Job Creation By Linda Lisanti INDIANAPOLIS -- Less than 20% of the interchange fees charged by credit card companies actually includes the cost of processing transactions, according to a rece

Feb 25 2010
Be A Smart Credit Card User
Be A Smart Credit Card User •Read the terms and conditions of your card. "The Credit Card Act is there to protect consumers," said Bruce McClary, ClearPoint Credit Counseling Solutions spokesman. "But the responsibility is still in the hands of th

Feb 25 2010
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CREDIT CARD ACT TERMS OF THE NEW CREDIT CARDS REGULATIONS 10 things that credit-card issuers can still perform with proper notice: * Alter your fixed-rate card to variable. * Increase your Annual Percentage Rate on future purchases. * Rais

Feb 25 2010
CREDIT CARD TRICKS take out cash
CREDIT CARD TRICKS By Kate Mansey 50 percent extra to take out cash Credit card companies are utilizing crafty tricks to rip off customers - as shock numbers show Britons owe £54.5 billion to our "flexible friends". A Sunday Mirror inves

Feb 23 2010
Build Good Credit Without Credit Cards
Build Good Credit Without Credit Cards When you are trying to build a good credit history, one often repeated piece of advice is to get a couple of credit cards and pay them off promptly. Credit cards are not the only way to skin the credit cat, t

Feb 23 2010
interest rate summary credit cards
Interest Rate Summary Credit Cards Here is a look at the state of credit card rates from the weekly national survey of large banks and thrifts conducted Feb. 17, 2010 by Bankrate.com Rates: 13.39% (all fixed); 13.63% (all variable) Credit c

Feb 21 2010
clouds parting over credit card troubles
Clouds Parting Over Credit Card Troubles Kelsey Swanekamp, With joblessness still hovering at 10 percent and household budget under pressure, credit card issuers and lenders are still taking profits from their loans to consumers. Developmen

Feb 21 2010
credit card chargeoffs still troubling
Credit Card Charge-Offs Still Troubling February 17, 2010 by Staff   Credit card charge-offs – or loans assumed uncollectible and written off – edged higher in January as reported by the major card issuers, although there is some positive expe

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I've been working like crazy lately. Doing projects and making money. It's been exhausting but rewarding, to a point.

IS THAT ALL THERE IS?
The problem is that throughout the last 3 years or so, I have gone out and purchased whatever I wanted and tried to get the most expensive or highest quality of what I've wanted.

TOO MANY CANADIAN TIRE REWARD POINTS
With my Canadian Tire points card, I was getting close to $100 per week in Canadian Tire points. (Canadian Tire is a big retailer in Canada.) So for approximately six months, I spent $100 per week on household items, housewares, dishes, soaps, tools, garden tools, and anything else I could find. I overstocked on things. I bought the most expensive Canadian Tire things I could find.

Eventually I was buying stupid stuff that was just cluttering up the house and office.

I switched to purchasing stuff on my air miles card so that I could collect air miles. I soon had collected too many air miles.

For the office, I purchased absolutely everything that I've ever wanted. Pens, paper, etc. I even purchased a real leather covered inbox for my desk, because I needed a little something extra.

I hate electronics, but I purchased high quality electronics, DV cameras, sound boards, sound cards for my advertising company. If it makes me money, I'll buy it.

I bought and bought and bought. It was fun buying all that stuff. I researched the items, talked about them with others, and have fun using them.

HERE'S THE PROBLEM:
I don't really need much. I haven't been to the electronics store or any store really for the last year. I haven't felt a big urge to go out and buy stuff. I haven't been motivated to look at any electronic gadget for the office or home.

The excitement has gone for most of this stuff. All of that fun stuff that I purchased has now become work. It's lost the glamour and glitter.

I'M A BAD CUSTOMER - SORRY, NO SALE HERE!
Currently I'm not a really great booster of the retail industry. I'm not going to purchase the newest Ipod, or the lastest Cell phone/mp3 player. I'm not going to purchase the 62" TV or any other gadget found at the store. I just don't have the interest.

Being a workaholic doesn't have its rewards at times. The American dream is about making money and buying bigger better things constantly. Here's the question: what happens when you've satisfied everyone of your gadget needs? What do you do then?

GADGETS AREN'T THE SAME RUSH AS A GOOD BUSINESS VENTURE
Workaholics, myself directly included, are usually people who are unhappy or dissatisfied with the status quo. We like to work hard to achieve goals and beat the challenges. I personally love a good challenge and am always interested in the next challenge. The bigger the better. I don't get the same rush with gadgets and trinkets.

The good thing is that I like working and I love what I do for a living. I'll just have to sort through this problem. Maybe I'll just have to find more extravagant ways to save or invest or something.

Anyway, as far as financial maturity goes, this is my new learning curve. Getting happy with the way things are. The way things are means that I am completely happy and satisfied with all of the things that I've got and don't really want or need much more.

The problems some people have!?!! I better go read my post on How to feel rich.

Your thoughts?

By Monty Loree - Financial Maturity blog - Topic - Satisfied with what I've got. Don't need much else.

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