live like richAt some point in your life, I'm sure you have said to yourself, "I wish I was really wealthy," or "I would like to live like a millionaire." In your mind, you visualized living in a palatial mansion surrounded by lush gardens. Inside all the comforts you could dream of: a spacious kitchen decked out with state-of-the-art appliances, a luxurious master suite and a closet filled with the latest fashions, a bathroom furnished with massage tub and bidet.

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credit card quizFor the first time in a number of years, the American Congress has recently passed new reforms for credit cards under the Credit Card Act of 2009. This month, to see if you completely understand the new rules, as well as what is happening in general concerning plastic cards, I have developed a quiz. See how many you can answer correctly.

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Just a few years ago, credit seemed so easy to obtain. You're credit score didn't seem to be that relevant as almost anyone could get a loan. That mindset led people to believe that people with lower credit scores actually had good credit.

I remember a loan officer telling me just a few years ago that anyone with a credit score above 700 has excellent credit. Nowadays that definition has changed a bit.

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The strikes at both the American and the world economy keep coming. According to the February 2013 issue of The Week magazine, 44 percent of Americans do not have enough in their savings accounts to cover basic expenses for 90 days if financial emergencies were to occur such as one spouse losing a job, or an unexpected medical expense. Regrettably, almost 30 percent of Americans have zero savings for those unforeseen circumstances.

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A number of years ago I read a delightful story about a highway traffic problem in which an 18-wheeler truck became stuck under an overpass, creating quite a problem for the city transportation department. 

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