Buffet like Bloomberg was denied a credit card because they have no personal credit history...lol. They have people purchase all they need with corporate accounts.

While I hate credit, you need to be careful about handling credit disputes. Remember that if you ignore collection attempts, they can get a court order to grab funds from your savings and investment accounts, put liens on property and even take your vehicle. They also will charge you interest and lawyers fees. So alway...more

Fantastic Ken! You have the right idea. It worked for me too. People need to refuse to carry any debt of any kind. Especially credit card debt with interest rates from 9.9% to 29%  when banks are currently paying you 0% on your deposits.

Your one smart cookie, especially the "no more borrowing" part. It is a lesson people need to learn. It is the key to unlocking the ball and chain most have firmly clasped to their ankles.

I laugh at credit scores. I never even check mine, so I could care less what it is. I get amused when I go looking for a property or vehicle to buy, and they ask me if I have a good credit score, if am pre-approved for a home loan, or how much financing I might need. I buy everything cash, and have never owed anyone a ...more

The economy is slumping, because the wealthy elite have stolen it all. Let's face the facts, the people at the very top are greedy to no end. They have squeezed the common folk out of their last dollars, used company funds including retiree funds as personal piggy banks, even had the audacity to raid the treasury direc...more

Give me a break already! What a crazy and misinformed article! The government plunders the SS fund, and officials blame the problem on the retired? Then they pour salt on the wound by asking boomers to help fix a problem they had nothing to do with? It reminds me of corporate executives who raid pension funds for huge ...more

The truth is SS funds have been raided for general government expenses for years. You know, wars, foreign aid, and bailouts of every kind for everyone it seems. Then they reduced  the payroll tax to spur the economy, and further speed the demise of the SS program. Turning SS into a federal welfare program through SSI w...more

I live in NYC, and cleared $115,000 last year after paying taxes. While that income might sound good to many people around the country, in NYC it gets you nothing literally. I am trying to save as much as I can, and planning to retire in Belize.