Thursday, April 17, 2008

Are there incentives to learn? Yes! Watch...


There is a new and daily fact of life we global investors are dealing with: many problems the financial industry is also dealing with.

What does this mean for all of us lucky guys who have money not to pay our credit cards (hopefully, we should know at least a bit about to use a credit card wisely) but for thinking where to put that money to work? How about if despite of having that money available we still must pay not a credit card but a mortgage?

Do you understand how those mortgages work? Are you familiar to the unpleasant fact that many financial scams have been detected affecting people who are stuck with mortgages? The most known scam is the already common "phishing" but another trick involves real estate scams "promising" to rescue homeowners from foreclosure.

This trick could be a painful incentive to realize people about the importance of acquring financial literacy. Consider this video.

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