Education for All

There’s a lot of confusing information about credit scores out there. Once you understand what a credit score is, how it affects your life, and why it is important to build and maintain good credit, you may also want to know how, exactly, a credit score is calculated. There are some factors you can take into consideration if you want to check credit score.

First, if you have never owned a credit card, had bills in your name, or borrowed money of any sort, your credit score is zero. While this is not considered bad credit, it is almost as hard to get a loan with no credit as it is with bad credit. Some companies may be willing to take a chance to give credit cards for people with bad or no credit score, but it is much better to build up a little credit by owning cards, and living a stable life.

Credit history is about 35% of your total credit score. Bills that have gone unpaid or debts that have defaulted will hurt your credit score for 7 to 10 years before they are erased. Another 15% of your credit score is length of credit history. It is important to start building credit as soon as possible. Your credit score will improve with age as long as you maintain bank accounts. Information such as length of employment or residence can also fall under this category, so if you have a very stable life, you’ll have a better score than someone who moves around often. About 30% of your score depends on what you currently owe. It is important to only take out the loans you really need and to repay them on time or early if at all possible. 10% of your credit score is based on new accounts. They will look at how many different loans you’ve applied for in the past and how many different accounts you have open. By knowing how your credit score is calculated you can easily spot mistakes, which may hurt your credit now or in the future.

In today’s competitive living environment, going back to school is a popular option for working individuals to build their skill set and stay competitive to current employment and be more attractive to future employers. MBA is one of the most popular educational options especially for mid-career professions to be trained for more advanced leadership roles in various businesses and industries. Today, a number of accredited universities offer online MBA degree program, making an MBA not only more affordable but much more convenient also. The question is: Is earning an online MBA worth it?

Let look at some facts before you get an answer for the above question:

An online MBA degree won’t guarantee you a great job and salary, but the odds of increasing your earnings will increase after earning your MBA degree. Many companies have a salary scale based on educational background. According to the recent survey of financial workers based on skill, education and seniority levels found that Chief Financial Officers who get to the position without a degree have an average salary o $38,950, those with a bachelor degree earned $50,000 extra, which is $88,850, and MBAs at the position earned an average of $105,000. This shows that the Return of Investment (ROI) with an MBA degree is well worth it. (more…)

Your attitude plays a very important in determining whether you can be a successful business entrepreneur and be Nouveau Riche. Colonel Sanders, the founder of Kentucky Fried Chicken was turned down about a thousands time trying to sell his secret chicken recipe. He maintain a positive attitude despite his many rejections and firmly believe in himself and his secret chicken recipe. At the age of 65, he got Nouveau Riche, managed to find his success and KFC is now a world wide brand name, creating jobs for zillions of people around the world.

Starting a business requires Colonel Sanders kinds of positive attitude. First you must do some research on the company that you are interested in to determine whether it is viable or not. Once you determine that the business is workable, go all the way and learn whatever it takes to make it a success. In life and in business, adversity will make its appearances. Obstacles and frustrations are created not to destroy you but to mold you into a better person. The most important attitude a business entrepreneur must adopt is to get into action even if might be a bit messy and scary at first. Successful entrepreneur just do it. They might not know how to swim at first but they have the spirit to fight till their last breath and that alone kept them from sinking into the water. To an entrepreneur, failure is not a choice. They don’t depend on luck and are not afraid to learn no matter how old they are. They believe that the mountains they wish to conquer will not grow taller as they climb closer and closer to the top. Therefore, maintaining a positive attitude is very important for a business entrepreneur to be Nouveau Riche.