About ARGI
African Resource Group, Inc is a Nevada corporation that offer joint ventures with African governments in mining and agriculture.
Sunday, February 23, 2014
Tuesday, October 13, 2009
What is Poor Man's Survival Guide?
This Blog is about sharing old and new ideas that will help us get through this tough economic times. I read a book in 1983 called Poor Man's Survival Guide. In that book, there were instructions that were simple enough to follow and yet very powerful.
Here are some of the things that I remember from that book. Please share with us if you have any idea or a tip that will help us survive this tough times.
1) How to get a AAA credit in 90 days:
The book gave instuctions how to open a savings account with $300 and after a week to go to the bank and borrow the same $300 using the savings account as collateral. The banak will automatically approved the loan, because the bank is holding the $300 in the savings account until you finish paying for the loan.
Then You will repeat the same steps and open savings accounts in two other banks.
After four weeks, you have three savings accounts in 3 banks and three loan accounts in the same three banks and your original $300 is in your hand.
Now you will go back to 3 banks and make $50 payment to each loan loan account.
Then make a second payment of $50 to each of the 3 bank towards your loan after 3 weeks.
Now lets see where you are:
Bank A: $300 in savings account and $200 loan balance that is in good standing
Bank B: $300 in savings account and $200 loan balance that is in good standing
Bank C: $300 in savings account and $200 loan balance that is in good standing
Now apply a department store credit card and list these 3 banks as a credit referance.
If you never had credit, this will work for you and you will receive your first charge card.
Try SEARS, make your payments on time, then after 60 days apply your first discover card.
Now you are in the credit world, remember, to use your credit card for what you need only and what you were planing to buy in cash any way. Again don't over do it and always make your payments on time. (Here is where you can apply US and International Credit Cards)
If you are credit card washout like most of us, then here is couple ideas for you.
First, get a solid job, or generate income any legal means that you can. Sart conventional small business, or online business, I can help you with both.
Second, write a budget, do not include your wish list in your budget, a very simple budget, that covers all your basic needs.
Third, save $300-$500 to open a secured credit card. These banks will issue you a credit card using your savings acount as a collateral. Your credit limit is your balance in your savings account.
Now use your new credit card, because it shows in your credit report. Make sure that you pay it on time. After using your secure card for roughly 3 months, you will start getting offers in the mail for unsecured card. Go ahead get only one major credit card and don't abuse it.
Come back here again next week, we will discuss, how to get out of bad financial situation.
If you need to repair your credit click here.
This Blog is about sharing old and new ideas that will help us get through this tough economic times. I read a book in 1983 called Poor Man's Survival Guide. In that book, there were instructions that were simple enough to follow and yet very powerful.
Here are some of the things that I remember from that book. Please share with us if you have any idea or a tip that will help us survive this tough times.
1) How to get a AAA credit in 90 days:
The book gave instuctions how to open a savings account with $300 and after a week to go to the bank and borrow the same $300 using the savings account as collateral. The banak will automatically approved the loan, because the bank is holding the $300 in the savings account until you finish paying for the loan.
Then You will repeat the same steps and open savings accounts in two other banks.
After four weeks, you have three savings accounts in 3 banks and three loan accounts in the same three banks and your original $300 is in your hand.
Now you will go back to 3 banks and make $50 payment to each loan loan account.
Then make a second payment of $50 to each of the 3 bank towards your loan after 3 weeks.
Now lets see where you are:
Bank A: $300 in savings account and $200 loan balance that is in good standing
Bank B: $300 in savings account and $200 loan balance that is in good standing
Bank C: $300 in savings account and $200 loan balance that is in good standing
Now apply a department store credit card and list these 3 banks as a credit referance.
If you never had credit, this will work for you and you will receive your first charge card.
Try SEARS, make your payments on time, then after 60 days apply your first discover card.
Now you are in the credit world, remember, to use your credit card for what you need only and what you were planing to buy in cash any way. Again don't over do it and always make your payments on time. (Here is where you can apply US and International Credit Cards)
If you are credit card washout like most of us, then here is couple ideas for you.
First, get a solid job, or generate income any legal means that you can. Sart conventional small business, or online business, I can help you with both.
Second, write a budget, do not include your wish list in your budget, a very simple budget, that covers all your basic needs.
Third, save $300-$500 to open a secured credit card. These banks will issue you a credit card using your savings acount as a collateral. Your credit limit is your balance in your savings account.
Now use your new credit card, because it shows in your credit report. Make sure that you pay it on time. After using your secure card for roughly 3 months, you will start getting offers in the mail for unsecured card. Go ahead get only one major credit card and don't abuse it.
Come back here again next week, we will discuss, how to get out of bad financial situation.
If you need to repair your credit click here.
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