Chris on Credit

Notes from Think and Grow Rich

2015-07-12T10:03:00.000-05:00

Here are some direct quotes from Napoleon Hill's book, "Think and Grow Rich". You can find it here: Amazon

The Role of Desire

To create wealth from desire, follow this six-step plan:
1. Take mental snapshot of the amount of money you seek. Name a number.
2. Name your price. What are you willing to do for the money?
3. Create a deadline. Fix a date by which you will achieve your goals.
4. Start a task sheet with definite strategy. Start now.
5. Write a brief mission statement.
6. Make a declaration: Twice a day, read your mission statement aloud.

Organized Planning

1. Surround yourself with "master mind" allies. Cultivate a support team. Employ your talents and resources to help them and invite them to assist you.
2. Fine-tune your plan with regular support group meetings.
3. Establish harmony with each member of the group.

Overcoming Procrastination

Procrastination, a top cause of failure, is your enemy. Successful leaders make quick, meaningful decisions. Being decisive gives you "mastery of procrastination." Consider the advice and insight of your support group. Avoid anyone who undercuts your drive. Dodge the trap of public opinion by revealing your plans only to your small circle of advisers. When you indiscriminately broadcast your strategies, ideas and goals, you lessen your chances of success. Keep quiet; keep the faith.

The Subconscious Mind

Cultivate faith, desire, sex, love, energy, hope, and romance. Avoid jealousy, fear, greed, revenge, anger and hatred.

The Sixth Sense

Don't be hampered by the "six basic fears," fear of being poor, fear of reproach, fear of becoming sick, fear of being unloved, fear of getting old and fear of dying. Avoid fretting, dwelling on "destructive" thoughts or being swayed by negativity. The power of your thoughts gives you mastery and can give you money, as well.

Save money on your cable bill

2013-05-14T08:39:00.000-05:00

Whoa! It has been almost a year since my last blog entry! Here is a fresh tip. I recently decided I wanted to reduce my cable bill. So there are two choices: switch or negotiate a lower rate with current provider. I personally like my AT&T Uverse service. My bill for my package including premium channels was $150 a month. Do not call the regular customer service line. You need to call the customer retention phone number for who ever your cable provider is and use the following line:

"Hi (insert rep name here), I received a special offer from (insert competitor name here) and I am thinking about switching services. I enjoy my service, but want to make sure I am getting the best deal. Is there any special offers or rate you can apply to my account?"

I used this line and the rep said he would check and be right back. Sure enough, the rep comes back on the line and without a fuss or hassle said he could give me the same package I currently have, but lower my monthly bill after taxes to $100 for 12 months! That is a savings of $600 over the next 12 months for a 5 minute phone call!

Stop Chasing Jobs, Start Chasing Companies and Contacts

2012-10-24T15:51:00.001-05:00

Stop Chasing Jobs, Start Chasing Companies and Contacts:

'via Blog this'

Interviewing for jobs? Here is how to nail your second interview

2012-07-10T10:05:00.003-05:00

Typically, you have to interview multiple times in the interview process. This article posted by LifeHacker helps you have a great second interview which can be crucial in getting the offer.

Check it out here

Social Media Plays a Major Role in the Hiring Process

2012-07-09T07:41:00.000-05:00

A recent Careerbuilder/Harris Interactive study found that 34% of companies have rejected a job candidate because of the person's social-media activity. Makes you rethink posting that picture of you with the a keg at your college fraternity party.

The top four reasons those candidates weren't hired are as follows:

1) They posted inappropriate photos or information.
2) There was evidence of drinking or drug use.
3) They had poor communication skills.
4) They badmouthed a previous employer.

Be careful out there! For more tips on your online image, check out my article that was printed in Change Magazine: http://www.changemagazine.net/business/strategies-for-success/1600-establishing-your-popi.html

The Biggest Hiring Mistake You Can Make

2012-07-06T08:00:00.000-05:00

Have you ever received a job application and never responded? Jeff Haden at Inc.com says that is a big mistake for the following reasons:

1) It's disrespectful to potential employees.
2) It's terrible PR.

Read more here including what you should do in the future: http://www.inc.com/jeff-haden/the-biggest-hiring-mistake-you-will-ever-make.html

Relaxed Customers Spend More

2012-06-25T07:45:00.000-05:00

A recent article in INC Magazine was about a study done on customer's spending habits when they are relaxed versus neutral. The study showed that people were willing to pay an average of 11% more on products when relaxed.

Read the full article here: http://www.inc.com/magazine/201111/why-it-pays-to-help-holiday-shoppers-relax.html

Modern Day Business Etiquette

2012-06-20T08:29:00.000-05:00

Just like at social gatherings, there are certain etiquettes to be followed in the workplace. Etiquette expert Eliza Browning had a few reminders for INC readers.

First, focus on the face, not the screen. How many times have you talked to someone and they never once looked away from what they were doing on their computer? It makes you feel like the least important item on their not-to-do list...

Second, curb your criticism. The workplace should not be the same an an online forum. It is best not to criticize other people.

And lastly, observe the elevator rule. What this means, do not talk about a person or people that you just met with until the elevator is on the bottom and you are leaving the building.

See those plus two others here: http://www.inc.com/eliza-browning/business-etiquette-rules-that-matter-now.html

Secrets to Being Productive

2012-06-19T08:20:00.000-05:00

You would think that the most productive people at your company work all the time. Never leave their desk or cube. Eat lunch while working. Work all weekend when they don't have too. Well, that all may be just work, but that does not mean they are being productive.

A recent article by Margaret Heffernan who is a serial entrepreneur and author says, "[Productive people]...don't work more hours than you do. Productive people just have a knack for making the most of their time."

She says three of the things these productive people do are the following:

1) They take breaks
2) They are great collaborators
3) They have lives outside of work

Check out the full article here: http://www.inc.com/margaret-heffernan/most-productive-people-i-know-secrets.html

Is your business social-savy? Here is how to find out!

2012-06-18T08:08:00.000-05:00

Foursquare check-ins, Facebook Likes, Yelp, online reviews....Sure, you can read what customers are saying about your business. How do you know if you are performing better that your competition?

Introducing ValueRank.com...A service that for $499 a month will analyze many factors, plug them in an algorithm, and assign a score 1 to 100. These are updated daily. Have multiple locations? You can track and dig into the data for each location.

If you have a retail based business (bank, credit union, restaurant, etc.) you should be monitoring this data.

Check out ValueRank here: http://www.valuerank.com

Three Phrases You Should Never Say to a Customer

2012-06-15T08:08:00.000-05:00

These come to you from Ron Burley who is a customer service guru. The three things that a customer service rep should not say are:

1) That's our policy.
2) There's nothing I can do.
3) That's the manufacturer's responsibility.

I am sure there are other things they shouldn't say, but these may be the three most used. Can you use all three in one sentence? Let's give it a shot!

"Mr. Customer. There is nothing I can do because it is our policy that it is the manufacturer's responsibility."

Find more pearls of wisdom from Ron Burley here: http://www.inc.com/author/ron-burley or find him on twitter @consumerrebel

Research on the effects of workplace hostility

2012-06-14T08:12:00.000-05:00

Sometimes when you go into a business, you can just tell there is hostility in the air. Well, a study was done recently on how hostility between coworkers effects the customers. The findings probably are not shocking to most people.

"...researchers found that when customers witness employees being disrespectful to one another - yelling, using profane language, or openly criticizing another's job performance - customers not only get mad, but they often try to punish the company in some way"

The only time I have witnessed hostility between coworkers was at Best Buy in the geek squad section. An associate was looking at something for me when his supervisor walked up and began to verbally reprimand the employee for incurring overtime by staying to help me. Needless to say, I appreciated the employee staying to help me, but I also thought that the supervisor should have been fired or reprimanded for saying that in front of a customer.

You can read the full article here: http://www.inc.com/magazine/201202/be-kind-to-your-co-workers.html

Want to fight turnover at your company? Try creating a new hire system.

2012-06-13T08:25:00.000-05:00

Even in today's tough job market, some companies still have an issue with turnover. April Joyner wrote about this in a recent article. She lays out a five step system used at Big Fuel. Here are the five steps

Step 1: Meet your colleagues - get introduced and work with as many of your new coworkers as possible
Step 2: Back to school - have a series of classes not only about the company, but also the culture
Step 3: Watch and learn - official apprenticeships pairing new hires with senior employees
Step 4: Face time with the bigwigs - make sure the new employees get some time with the the top execs
Step 5: Tell us how you really feel - get new hires feedback on the program so you can institute improvements

Find the full article here: http://www.inc.com/magazine/201203/april-joyner/how-to-fight-employee-turnover.html

Traits of Remarkable Employees

2012-06-12T08:00:00.000-05:00

Jeff Haden wrote recently about three traits of great employees. I agree that these three are important characteristics. How many of these three do you or your own employees have? The three traits are:

1) They're always fiddling
2) They ignore job descriptions
3) They like to prove others wrong

Read the full article along with another five qualities here: http://www.inc.com/jeff-haden/the-8-qualities-of-remarkable-employees.html

How to Master a Skill

2012-06-11T08:00:00.000-05:00

A few months back, there was an interesting article in INC Magazine about how to master any skill. There are 5 steps:

1) Script the new behavior (write it out)
2) Practice it perfectly (perfect practice make perfect)
3) Rebound and fix (stick with it)
4) Accelerate through mental rehearsal (visualize positive outcome)
5) Make it part of your identity (turn from behavior to part of your character)

Check out the full article here: http://www.inc.com/geoffrey-james/how-to-master-any-skill.html

Interesting Article on Motivating Employees

2012-04-02T08:00:00.000-05:00

This is an interesting article posted by INC.com. It talks about things that motivate employees more than money. Check it out:

http://www.inc.com/ilya-pozin/9-things-that-motivate-employees-more-than-money.html

The One Website You Need to Check Out Before Buying a Car: Truecar.com

2011-12-30T11:08:00.000-06:00

From: http://www.truecar.com

Buying a car soon? I highly recommend the website Truecar.com. It is very simple to use. Type in the vehicle model and the zipcode. Truecar will show you the range of prices people have paid in that area. That way you are better prepared when you walk onto the car lot. Truecar gets there information from various sources that include: finance companies, government records, thousands of dealerships in almost every state, and insurance companies. Give their service a whirl. Best part is that its free!

The Future of Customer Service - Skullcandy's Fansourcing Model

2011-12-30T10:25:00.000-06:00

Courtesy of Skullcandy via Fortune Website

In the December 26th issue of Fortune magazine, there is this article written by Jennifer Alsever entitled, "The Service Dude." The story is about a company called Skullcandy who is, according to the article, "maker of highend headphones." They have employed a rather ingenious method of providing customer service. They basically pay their fans an hourly rate and give them points towards Skullcandy headphones and ipads to provide online customer service. This is quite different from every other company's customer service model. The typical company hires people who may or may not even use or like their products or services to assist their customers when they call in or go online to contact them for help. I see this being the future for many companies that have cultivated loyal fan bases like Skullcandy. There are some limitations to this strategy. For example, you will still need separate customer service reps to handle billing or personal information related matters. But for troubleshooting or product experience level questions, companies should embrace the future and start recruiting your fans before your competitors do.

Skullcandy Products: http://amzn.to/t8tMEG

Fortune Article: http://tech.fortune.cnn.com/2011/12/21/skullcandy-fan-sourcing/

Edit 1/4/2012: After doing more research, this fansourcing platform Skullcandy uses is a service provided by a company called Needle http://www.needle.com Check it out!

Parents Can Rent Toys At New Website

2011-12-05T08:30:00.000-06:00

Parents Can Rent Toys At New Website « CBS Boston

I found this story while browsing during Sunday Night Football. This takes the old saying "Keeping up with the Jones's" to a whole new level. My question is this. What do you do when you have to send the toys back and your kid cries endlessly? Note to all the parents out there. If you can't afford the real presents, you could probably do better things with that money...

Does This Video Help You Understand "What is a Credit Bureau?"

2011-12-02T08:00:00.000-06:00

I found this video on youtube. I wonder if people learn anything they didn't already know. Let me know.

Great Article by Fortune on Lateral Career Moves

2011-11-28T08:00:00.000-06:00

Back in October, Fortune had this great article on making lateral career moves. This is a great read for those of you thinking about making a move job wise.

Black Friday Hangover? Here is a Free Way to be $107 Richer

2011-11-26T07:00:00.000-06:00

Spend more than you anticipated yesterday? You and millions of shoppers are waking up this Saturday morning with the Black Friday Hangover. Symptoms include: over the limit fees on credit cards, empty bank account, bent and misshapen credit cards, and many new store cards to add to your collection.

Well, there is help out there. ING Direct (which is the most customer serviced focused bank out there) has a special deal running until 11:59pm November 27 (Sunday). Open a new checking account online and get $107!!! That will go a long way to curing your Black Friday Hangover! Here is how it works right off of there website:

Open Electric Orange November 25^th – 27^th and make a total of 5 purchases (either signature or PIN-based) using your Electric Orange Card or Person2Person Payments (or any combination of the two) within 45 days.
Your $107 bonus will be automatically deposited into your account on day 50.
Bonus only available for new Electric Orange checking.

The Richest Man in Bablyon: The 5 Laws of Gold

2011-11-21T08:00:00.000-06:00

I recently read the Grandfather of all "grow rich" books. The book is titled, "The Richest Man in Babylon". It was written by George S. Claxon. The first important lesson in the book is the 5 Laws of Gold. To save you time, I will give these to you right now.

1. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.

2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.

3. Gold clingeth to the protection of the cautious owner who invests it under the advice of wise men in its handling.

4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keeping.

5. Gold flees the man who would force it to impossible earnings or who followeth the advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

Sound financial advice that is used by everyone including Rich Dad Poor Dad and others.

Interesting Story about Richard Branson

2011-11-17T21:42:00.001-06:00

I wanted to share an excerpt from a book I just finished reading titled "Linchpin: Are You Indispensable?" written by Seth Godin.

Forty years ago, Richard Branson, who ultimately founded Virgin Air, found himself in a similar situation in an airport in the Caribbean. The had just canceled his flight, the only flight that day. Instead of freaking out about how essential the flight was, how badly his day was ruined, how his entire career was now in jeopardy, the young Branson walked across the airport to the charter desk and inquired about the cost of chartering a flight out of Puerto Rico.

Then he borrowed a portable blackboard and wrote, "Seats to Virgin Islands, $39." He went back to his gate, sold enough seats to his fellow passengers to completely cover his costs, and made it home on time. Not to mention planting the seeds for the airline he'd start decades later. Sounds like the kind of person you'd like to hire.

If you enjoyed this story, please consider purchasing Seth Godin's book. It is an excellent read with many good stories like this.

Three Ways To Raise Your Credit Score

2011-11-14T21:33:00.000-06:00

Everyone always ask me what they can do to raise their credit score. Here are three ways to raise your credit score and keep it high.

First, keep credit card and other revolving balances low compared to your limits. So, the two ways to make this happen is to pay off debt and raise your limits. This can be accomplished by calling your credit card companies and ask them to raise you limits. Also, if you have a lot of balances on a lot of cards, you can do a debt consolidation that will transfer your debt to installment and in most cases instantly raise you score.

Second, do not close credit cards. As you pay off your credit cards, leave them open. This is because the older the cards you have, the higher the credit score.

Lastly, pay your loans and credit cards on time. I cannot stress how important this is to keeping a high credit score. This is the key to building good credit over the long run.