Surprise surprise! my FICO score reached an all time high this month. I am now at 813. It’s so satisfying that our personal finance habits, habit of handling credit responsibly has paid off. I have posted a number of articles on improving credit score. Today I’ll write about my credit score, how it reached 813, the factors that went in my favor, also the ones that’ll have to be improved further. Let’s first start with what’s on FICO.
My FICO Credit Score report
Congratulations – You have an exceptional FICO® Score. The below factor(s) are informative but not significant as they represent very marginal areas where your score was adversely affected. Keep up your good financial habits!Key Factor(s) affecting your FICO® Score:
- Too many inquiries last 12 months – Each time you apply for credit a credit inquiry is added to your credit report. People who are actively seeking credit pose more of a risk to lenders than those who are not. Your FICO® Score was lowered due to the number of credit inquiries within the last 12 months.
- Length of time accounts have been established – People who do not frequently open new accounts and have longer credit histories generally pose less risk to lenders. In your case, the age of your oldest revolving account and/or the average age of your accounts is relatively low.
Although the economy has grown stronger over the last few years, more and more households are requiring two incomes in order to get by. Direct sales marketing has been one such proven method for women to add to their family’s yearly income.
There are over 90 million people in the direct sales workforce. Some find it financially rewarding on a part-time basis, while others see the potential working full-time. Previously I posted articles on ways to earn part-time income where I mentioned direct marketing as one of the ways.
Let’s admit it, looking for a new career when you are 50 or over is a challenge. If you think it’s that easy as in your 20s or 30s, brace yourself for failure. It’s not. Far from it. You need to have as many soft skills for 50 years old as possible. Remember, you’re competing against a bunch of young, dynamic and fresh persons for the same job.
To find a job at this late stage of life you have to develop a vast skill set and be able to do things a25-year old will excel at. Most importantly, you have to start developing these soft skills as early as you can.
Just like any other goal, financial success requires the practice of good financial habits. If you want to finally eliminate debt, increase your personal savings, and achieve financial security for yourself and your family, you need to take a good look at your current spending. Assess which ones are truly necessary, and start making changes to the way you budget and spend your money.
To me, being financially stable and having a lot of money are not synonymous. You may have a large income but, it doesn’t always mean you’re financially stable. Financial stability ensures that you are capable enough to hold on to the wealth, even during difficult times. So, irrespective of your financial situation, you should strive to become financially stable and develop the habits of a financially stable person.
Last year, when I was converting my freelance writing business into an actual content marketing business, I ran across quite a few unexpected expenses—which of course caused quite a few lines in my budget to drastically change.
Needless to say, I had to make some sacrifices in order to cover the unexpected, and one place that I found that I could rob from Peter to pay Paul was in my marketing budget. With some research and quite a bit of legwork, I found some really great tools to market my business without breaking the bank.
E-commerce paves huge opportunities for budding entrepreneurs of today. If executed wisely, your e-commerce business could become a global enterprise in a short span. The best part is, that the model offers lower entry barriers. The wider reach of the model has ensured that even brick and mortar businesses are embracing it as an addition to their existing set-up.
The convenience of online ordering and payments makes the sale process faster and time-saving. This creates a win-win situation for customers as well as the business. Here are some tips that help you get a holistic view of what all you need to get started and get going:
Please enjoy this guest post from Natalie over at Everything Finance. Everything Finance is a site about just that, everything related to finance. You can get information about investing, saving money, insurance, shopping, blogging, and making money online.
Financial experts are always pushing the idea of saving as much money as possible. It obviously makes sense as life is full of unexpected obstacles that no one can plan. Having savings is important but so is remembering why you are working so hard in the first place.
Few days back I read a comment that even Abraham Lincoln would have lost the race for presidency, had he run for it now. Because, he is not that photogenic. Today’s presidents have to look good. Its arguable if really this is the case but, point me to a CEO or a top executive who looks ugly in any of the top-tier organization. Can we guess that looking good can influence others opinion about you? Let’s explore this subject more.
So, today’s question is, do we need to sport a good look to go up? And. we are only talking about men here. In certain profession, yes you do, like acting, receptionist, public relations officer, etc. Off course for a telephone operator or a back office clerk look doesn’t matter. But, if the same not-so-good-looking person wants to go up the ladder, the look starts to matter. You may think I am opinionated, off-course I am. This why I created this blog, to share my opinion and thoughts.
Thanks giving is round the corner, this is the time we are reminded of the things, the people and the facts which we should be thankful about. I am thankful to many things and the biggest of all, love. Everything and everyone that I love in this world.
Let me dedicate this article to love. First, a few love quotes from greater people who may accurately describe what love is.
Getting physically fit and healthy is a challenge for most people. However, this should not be too tough at all so long as you are motivated.
Being physically fitter can be achieved by everyone with discipline and a lot of hard work. It does not happen overnight but there are 51 sure-fire ways to make it happen and these are the following: