Where Do You Get Your Big Ideas!

Albert Einstein

(MoneyWatch)  COMMENTARYI don’t know about you, but when I’m watching a football game where the kicker is about to attempt a field goal to win the game, my hands grip the chair, I hold my breath, and I wonder what’s going through the guy’s mind.

When Michigan’s Brendan Gibbons nailed a 37-yard field goal to win the Sugar Bowl in overtime, guess what was going through his mind? Brunette girls. No kidding, that’s what inspires the guy. And it works.

We can’t all be great athletes, so some of us have to “win the big game,” so to speak, with our intuition, our ideas. Which brings us to a subject of much confusion and debate in the business world. What inspires “big idea” people? Asked another way, where do big ideas come from?

Actually, many so-called “left brain” or analytical people I’ve known over the years, including an awful lot of managers and executives, think the whole concept of some people being more intuitive or inspirational than others is pure mythology. Well, maybe it is and maybe it’s not. But scientists say that intuition can be a powerful factor in human decision-making and idea creation. For what it’s worth, I agree.

Following your Intuition can be as simple as listening to a little voice in your head, trusting a feeling or sense of warning, or following your own internal “focus group of one,” against the “better judgment” of many.

Where does it come from? Good question. It’s probably a vestige of an evolutionary survival mechanism. An “intuitive” caveman sensing danger, for example, would hide in his cave and avoid being eaten by some blood-crazed saber-toothed tiger. Since he survived, he’d pass that instinct on. At least that’s the theory.

In any case, human intuition has probably been on the decline for some time, owing to an increasing dependence on our overdeveloped neocortex, logical reason, and technology, and not to mention a significant decline in people living in caves with bloodthirsty predators around.

Don’t even get me started on our newly found addiction to gadgets, social media, and instantaneous communication. You can’t sense or intuit anything when you’re distracted. Personally, I think that’s sad, considering there’s at least anecdotal evidence that intuition plays a significant role in scientific, technological, and business innovation.

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For example, against all logic, Albert Einstein was obsessed with light. That passion for light and his famous thought experiments where he pondered what he would see if he rode on a beam of light led to the special theory of relativity and E=MC2, one of the greatest discoveries in the history of physics.

In his book “Idea Man: A Memoir by the Co-founder of Microsoft,” Paul Allen says he came up with the big idea that made Microsoft more money than just about any business in history: Charging per-copy royalties for the IBM PC operating system instead of a flat license fee.

And what possessed entrepreneur Mark Cuban to sell Broadcast.com to Yahoo for $5.9 billion in stock and then immediately hedge that stock against a market crash at the very peak of the dot-com bubble? All the so-called experts rode the market down and lost trillions in investment capital.

Now, I’m no Einstein, but I have worked together with a large number of innovative entrepreneurs, engineers, and executives over the decades. In my experience, There are five relatively common factors that inspire intuitive people and ultimately lead to big ideas:

Concentration and focus. Freedom from distraction. Now, that can mean music, white noise, cheering crowds, or even thoughts of brunette girls. People concentrate and focus in different ways. Whatever works.

The team. There’s something about putting a group of exceptional people in a room together that inspires them to do great things. How that works is described in “Organizing Genius,” an inspiring book by Warren Bennis and Patricia Ward Biederman.

Brainstorming. Ideation, bouncing ideas around, call it what you want — it works for lots of people. Personally, I do better alone with a glass of wine or lots of caffeine, but that’s just me.

Success. There’s undoubtedly a certain momentum or positive feedback loop that comes from success or accomplishing something that makes you feel really good, bigger than life, capable of doing great things. It can be self-fulfilling.

Doing what you love to do. Steve Jobs hit the nail on the head when he said, “The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle.” Amen to that.

 

 

CBSNEWS Steve Tobak

CBSNEWS Steve Tobak

Steve Tobak is a consultant and former high-tech senior executive. He’s managing partner of Invisor Consulting, a management consulting and business strategy firm.

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That’s What He Said At 7!

My nephew once told me, after finding out his only child was about to give birth to his 5th grandchild, “If I had known grandchildren were so much fun, I would have started with them first!”

Well, now I think I fully understand his statement. My great-grandson spent his 7th birthday with me, which was yesterday! He’s actually 7 going on 30!  OMG It’s hell getting old…I’m completely worn out and feel a little bit stupid, but I had a wonderful time answering to “Grandy” and watching him incessantly win every video game we played. His grandparents, my son and daughter-in-law, gave him an electric scooter and I was enthralled with watching him ride up and down my street while the good old Texas sun beat down on both of us, frying us like bacon. And this was after we spent an evening watching  neighbors shooting off fireworks (ahem) in the city. When a policeman came along Brad overheard him tell them to stop or they would be fined; he immediately said that I shouldn’t worry,  if I were arrested he would bail me out with his $5! I feel very honored…

Geeez, where do kids come up with this stuff?

I have to ask, did you know what a homophone was when you were barely seven years old? Well, I certainly didn’t! In fact, I’m not sure I knew until I was an adult! Brad and I were driving back from our favorite pizza spot and he said,

“Grandy did you know that ‘cool’ is a homophone?”

I, in my most intellectual tone answered. “Huh?”

He says, “Yep, its like when you’re a cool dude, or cool like when it’s cold!”

Okay, so I think he’s the smartest kid, like ever! When I asked what he wanted to be when he grew up he said he wanted to do what his dad does, “Talk on the phone all day and make lots of money, I think that looks easy, don’t you Grandy?” Er, uh….I decided not to answer that one.

Well now I can tell you, “Cars2″ is a great movie in 3D at the IMAX, Seinfeld’s “The Bee Movie” is funny and cute and “Despicable Me” fares very well even on the third showing.

Frankly, I had forgotten what it’s like for someone to ask for all your “change” when a purchase is made, only later to find nickles, dimes and pennies hiding in the furniture, the passenger seat of my car and on the floor…never quarters though, they’re too precious, for you see, that is what video games ingest with astonishing speed!

I do hope you forgive me for going on and on about my little guy. I just want to warn you, it will happen to you too if and when you have grandchildren….and yeah, my nephew was right about starting with them first, LOL.

“A grandmother is a little bit parent, a little bit teacher, and a little bit best friend.” 

Brad's 5th dessert on his 7th birthday!

Brad's 5th dessert on his 7th birthday!

Author: Unknown

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Astrological Sign and How You May Talk to God!

Bonnie Bolin Peterson

Bonnie Bolin Peterson

I wish I could claim this as my idea, but it was actually sent to me in the mail (not email) and I enjoyed it so much I wanted to share it with you; I have no idea where it originated. It really doesn’t matter if your faith lies in a particular religion or not, who or what you pray to, or if you believe in Astrology; this is meant to bring a smile to your face as you read it and to perhaps recall comparing your own personality trait, per your sun sign, to that of potential new friends. It’s meant purely to entertain you:

Is This What You May Say to God?

Aries – March 21 – April 19:

“Dear God, give me patience and could you do it right now?”

TaurusApril 20 – May 20:

“Dear Lord, help me accept change in my life…but not yet.”

Gemini - May 21 – June 20:

“You God, or is it Goddess? Who are You? What are You? How many of You are there? I can’t figure You out!”

Cancer – June 21 – July 22:

“Dear Daddy, I know I shouldn’t  depend on you so much, but You’re the only One I can count on while my security blanket is at the cleaners.”

LeoJuly 23 – August 22:

“Hi Pop. I’ll bet You’re really proud to have me as Your kid!”

Virgo – August 23 – September 22:

“Dear God, please make the world a better place and please don’t mess it up like You did the last time.”

Libra – September 23 – October 22:

” Dear God, I know I should make decisions for myself, but on the other hand, what do YOU think?

Scorpio – October 23 – November 21:

“Dear God, help me forgive my enemies even if they don’t deserve it.”

Sagittarius – November 22 – December 21

“OH ALMIGHTY, ALL-KNOWING, ALL-LOVING, ALL-POWERFUL, OMNIPRESENT, EVERLASTING GOD, IF I’VE ASKED YOU ONCE I’VE ASKED YOU A THOUSAND TIMES…HELP ME STOP EXAGGERATING!”

Capricorn – December 22 – January 19:

“Dear Father, I was going to pray, but I guess I ought to figure things out for myself. Thanks anyway.”

Aquarius – January 20 – February 18:

“Hi God! Some say You’re a man, some say You’re a woman, I say we’re ALL God. So let’s just have a party!”

Pisces – February 19 – March 20:

“Heavenly Father, may my every indulgence be for Thy greater Honor and Glory.”

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Bobby Murcer’s Niece to Sing at Yankee Stadium

Singing the national anthem at Yankee Stadium on Old-Timers’ Day, June 26, is special to DeDe Murcer Moffett.

BY BRYAN PAINTER bpainter@opubco.com Oklahoman    Comment on this article 0 

Published: June 19, 2011
NY Yankee Bobby Murcer and DeDe Murcer Moffett

NY Yankee Bobby Murcer and Niece DeDe Murcer Moffett

From the time Babe Ruth homered April 18, 1923, in a win over the Boston Red Sox, memories began to mount at Yankee Stadium. DeDe Murcer Moffett and her uncle Bobby Murcer, in picture left, are shown at the Bricktown Ballpark in April 2007. Murcer died in July 2008.

Bobby Murcer’s niece to sing at Yankee Stadium

One of the last of the historic days of that famed old ballpark came in early August 2008 as the pinstriped sons of generations gathered along the base paths for Old-Timers’ Day.

That is, with some painful exceptions, including Bobby Murcer, who was a New York Yankees broadcaster after his 17-year major league playing career.

The Oklahoma City native had died less than a month earlier at age 62 after battling brain cancer.

On that August day, rains were brushed from the Bronx sky just as tears were from DeDe Murcer Moffett’s hazel-gold eyes. Wearing a T-shirt proclaiming “Bobby Murcer Fan For Life,” she was among the thousands.

This year, she returns for the Old-Timers’ Game Sunday, June 26 — not as a fan, but to sing the national anthem in memory of her uncle.

The “Star-Spangled Banner” never lacks for emotion, but when DeDe takes the field at the new Yankee Stadium, she will do so in honor of a man who used a smile even more than a bat to turn trials to triumphs.

She will step onto the field having lost her own father and Bobby’s late brother, DeWayne, to cancer in May 1989, and her uncle, Randy, Bobby’s youngest brother, also to cancer earlier this year.

She will step on the field having lived a life where she was active in music, left that for the corporate world, battled alcoholism and just a few years ago returned to recording music, as well as serving as an inspirational speaker.

“With all of that wrapped up into one day, for me, that is going to be the toughest and the sweetest thing getting my emotions in check, feeling the presence of Bobby, because I will,” she said. “I can’t be in Yankee Stadium without feeling that he is there, because he was such a huge figure with that organization.

“It’s an absolute honor and a dream come true.”

Genuine personality

Bobby was an All-Star in five straight seasons from 1971-75.

Overall, he batted .277 with 252 home runs and 1,043 runs batted in.

But his genuine personality drove home much more than runs. He drove home the importance of faith and the value of family.

Just three weeks after Murcer’s surgery in December 2006, a friend from Florida called the love of Bobby’s life, wife Kay Murcer, and said they needed to look at a blog on the Internet.

It was set up for people to leave messages to the beloved Bobby Murcer.

There were 1 million posts. People were praying for him, including those who said they had never prayed before.

Bobby, turning trial to triumph, said, “Think how powerful that can be.”

‘I Believe’

DeDe Murcer Moffett's "I Believe" CD

DeDe Murcer Moffett's "I Believe" CD

DeDe had about 25 years in corporate sales for state, regional and national companies.

She consistently won top honors and awards, but she also consistently battled her addiction to alcohol.

In 2007, as she prepared for her marriage to Rick Moffett, she stopped drinking and she began recording again.

Among the songs was one that has been performed by many, “I Believe,” with words and music by Ervin Drake, Irvin Graham, Jimmy Shirl and Al Stillman.

She recorded this at a time when trials were finally giving way to triumph in her life and at a time when her uncle was showing that victory could be achieved when losing seemed inevitable.

The song contains the words, “I believe above the storm the smallest prayer will still be heard … ”

Even though the circumstances were extremely different, the niece and her uncle embraced the song.

Bobby and Kay’s daughter, Tori Witherspoon, told DeDe, her cousin, that Bobby and the family were listening to her music when he died.

That makes DeDe cry, and yet it makes her smile.

The latter is good because Bobby didn’t like to smile alone.

Take for example, the time when DeDe was only about 6 years old and her uncle found out she had a crush on one of his teammates, Joe Pepitone.

The family had gone to watch Bobby play and a little while before the game, he pointed to his niece.

“He calls me to come to him and Joe comes over and he introduces me to Joe Pepitone,” DeDe said. “And Joe gives me a kiss on the cheek. That was just really, really special.”

That was Bobby — she smiled, he smiled.

In April this year, the Yankees contacted DeDe, who grew up in Oklahoma and lives in Frisco, Texas, about singing the national anthem on Old-Timers’ Day to honor her uncle’s memory.

She sang the “Star-Spangled Banner” a few years ago at an Oklahoma City RedHawks game and then in December at an Oklahoma City Thunder game.

But this is Yankee Stadium, and this is Old-Timers’ Day and this is for Bobby.

“It’s very special to me because it sort of brings everything together,” she said.

“I grew up loving the New York Yankees because I loved Bobby.”

For more information about DeDe Murcer Moffett:   http://www.DeDeMurcerMoffett.com

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A Whole New Attitude!

Bonnie Bolin Peterson

Well, it’s been a while since I’ve posted on my blog, really can’t say why it’s been so long. I guess I would say ‘living’ got in the way; or perhaps more accurately, I got distracted by bright shiny objects…one after another! It’s eerie how being on the Internet almost daily can not only turn one into a zombie-like android, but push one into overwhelm with “content.”

I made a decision to build some websites on things that interest me, mainly with the idea of helping others as much as possible. My interest in all things metaphysical led me to build a website for people that want to interact with their inner self but have difficulty getting past their core beliefs, fears and negativity in general. The site is Subliminal Methods and it explores all areas of the mind and suggests how easy it is to bypass any innate objections you may have to learning how to get what you want. We know that thoughts we hold in our mind have substance in the mind and therefore manifest in reality. The challenge is to believe at our deepest level that what we want is “already ours” in our mind and all we have to do is claim it. Subliminal mp3′s work to get past limiting beliefs and is a great resource  in any area of your life that you would like to improve, including prosperity, success in business, weight loss, insomnia, overcoming fear of rejection and the list goes on and on. Basically anything you may want to change about your thinking and inner beliefs. Hypnosis is also covered in depth. I encourage you to visit the site at http://www.subliminalmethods.com.

Another site is dedicated to Yoga and Meditation and you’ll find many articles on yoga poses and how to meditate to improve your health and overall well-being. Again, this is a great site to discover what you can do to lose weight, muscle up (if that’s what you want to do), gain flexibility and mental clarity. Your body and mind will be grateful for the attention. The site is http://www.newearth-newyou.com.

For those who, especially in times of economic distress, turn toward the lottery hoping and praying for a miracle cash inflow I built the site Win Big Lotto with loads of tips and techniques and links to people who have secret formulas to winning any lottery more than once. Math professors and others who face the idea of the lottery in scientific terms, and beat the odds. Of course this site is for those individuals who habitually invest in a lottery ticket every week as well. This site is http://www.winbiglotto.org and I think you’ll like what you see there.

If you’ve read any of my other blog posts you may recall that I retired as the director of education and marketing for a nationally affiliated non-profit in the credit and debt elimination sector. I wrote a book on bankruptcy which was sanctioned by the Executive Office of the United States Trustees and I have since  revised the book, emphasizing how anyone can get out of debt quickly without taking on another job, and with no additional income at all. I discuss the ins and outs of credit and debt and provide blank forms and instructions in how to increase credit scores, get out of debt, and provide a better life for you and your family. This site is Credit Score Warrior and the ebook which is instantly downloadable is Credit Score Warrior© I’ve also included a free download of  the ebook: 101 Tips to Boost Your Credit Score. This site is http://www.creditscorewarrior.com.

I plan to build other sites, the name of my company is Intentions in Motion™ I plan to place all of my intentions in motion to help others. I will still speak on personal finance on rare occasions but my emphasis now will be on interacting with others online through blogs, and social media.  My contacts:

http://www.facebook.com/bonnie.b.peterson

http://twitter.com/BonnieBPeterson

http://www.linkedin.com/in/bonniebolinpeterson

Please leave a comment on any of my sites and let me know your thoughts.

"Mature Woman" Hard at Work on the Internet

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Beware Hiding New Purchases in Garden!

"I wasn't shopping...honest!"

As the former education director for a consumer credit non-profit organization,  I trained people in techniques to manage their money and credit. I encountered numerous stories from workshop participants of hiding purchases from spouses and other close relationships. These stories disclosed emotional fears around money and fear of lack.

I discovered the following survey by American Express that speaks to this situation with appalling statistics.

Do you know whether your partner hides spending from you? You might want to check the trunk.

With wedding season in full swing, American Express’ new Spending & Savings Tracker survey focused on money and relationships. Their findings were a bit disturbing. An astounding 91% of Americans said they found reasons not to talk about money and were more likely to know their partner’s weight than his or her salary. Worse, when we do talk money, we often lie.

More than a quarter of respondents said they misrepresented the cost of a purchase and 30% say they’ve hidden purchases from their partner. When asked what was the craziest thing they’d done to hide their spending, respondents most often said they hid the purchase in the trunk of the car until their partner fell asleep, went to work, or traveled out of town.

Another significant portion of over spenders said that they just quietly put things in the back of the closet for a few weeks. Then, when asked, they could honestly say “I’ve had this for a long time.”

“I don’t have to do anything crazy,” said one respondent. “He’s not that observant.”

Those with observant spouses went to greater lengths. For instance, survey respondents said that they:

  • Concealed it in a grocery bag.
  • Stole out in the middle of the night to buy it and stash it under the bed.
  • Put it in a trash bag.
  • Removed the tags and pretended the clothes came from Goodwill.
  • Buried it in the back yard. (I did not make that up. Some woman is going to be really surprised when she replants her garden.)
  • Gave the item to a friend, who then gave it to the couple as “a gift.”
  • Had the item shipped to Mom.
  • Used the “Don’t ask/Don’t tell” policy– i.e. I didn’t lie because he/she didn’t ask.
  • Kept it (a new motorcycle) in his brother’s garage and said that the missing money was “a loan” to his parents
  • Made the purchase with the fake name “Vance Archer.” (Vance, you’re busted.)
  • “Swallowed the receipt.”
  • Said it was “a gift.”
  • Bought it with a “secret account.”

Perhaps the subterfuge is understandable considering that 45% of the overall population and 72% of young professionals said discussions about household finances lead to arguments.

“Conversations about finances seem to be avoided like the plague by most couples,” said Pamela Codispoti, American Express senior vice president and general manager of Consumer Card Products.

Nearly one-in-three couples (30%) said money caused the most relationship stress, distantly followed by intimacy for 11%; children (9%) and in-laws (4%).

Article By Kathy Kristof:  MoneyWatch Talkback

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The HOTTEST EVENT in Texas for Women-in 1 Week

Women today are wondering how to create the life of their dreams when the world seems to be crashing in on them. The Snap Out Of It! Women’s Network is ‘Paying it Forward’ by giving away FREE sponsored, All Day Passes to women who are currently unemployed. The empowering and inspirational speakers will be sharing ways to help women revitalize their life, reinvent their career and reinvision their future. This event is featuring a very special keynote speaker, Dr. Pat Baccili and a live performance by recording artist DeDe Murcer Moffett. Expect an action packed day at the Snap Out Of It! Women’s Conference & Expo.

All women in the DFW metroplex are invited to tap into their personal power reserve and gas up for the rest of the year! Women of all ages are invited to attend the first annual Snap Out It! Women’s Conference & Expo coming to the Plano Centre May 20th, 2010 from 11am to 8pm in Plano TX.

Event founder and CEO of the Snap It Out It! Women’s Network, DeDe Murcer Moffett (http://www.dedemurcermoffett.com) has teamed up with 12 other outstanding women entrepreneurs and dynamic motivational speakers to create a day that will inspire women to “Snap Out of It!” and get their lives back on track.

In a recent report from the U.S. Congress Joint Economic Committee, it was found that “many women have been unable to find full-time employment because of the weak labor market. In 2009, 3.3 million women worked part-time for economic reasons, meaning that either their employer cut back their hours or that they searched for full-time work but could only find a part-time job.”

More women than ever are entering the work force due to economic hardships at home. Murcer Moffett is committed to paying it forward at the Snap Out Of It! event by inviting any woman who is currently unemployed and looking for a new job to attend this event for free.

“This conference is not just about finding financial success,” said Murcer Moffett. “It’s about teaching women to embrace their personal power in all of its forms – physical, emotional, spiritual, and intellectual – it’s about investing in their own power and soul to find the perfect career and create the perfect life.”

The Snap Out of It! Women’s Conference & Expo (http://dedemurcermoffett.com/Snap-Out-Of-It-Conference.html) is for all women who want more out of life and are ready to overcome challenges and obstacles to create the life of their dreams. “We want this event to be accessible to the women who need to be there,” says Murcer Moffett.

Murcer Moffett knows how important it is for women to get their lives on the right track and how hard it is trying to do it alone.

In 2007 she had her own Snap Out of It! moment when she gave up a 24 year alcohol addiction and began looking at the limiting beliefs that were keeping her from her true passion of being an entertainer and inspirational speaker. Her personal story of rediscovering her life and creating her path to success provides an inspirational lesson for all women!

Women should come prepared to laugh, cry and sing their way through this amazing day of networking with other women, being inspired by 13 amazing speakers and of course, a little shopping and some wine and cheese round out a perfect day!

“The rubber meets the road when we decide to get out of a situation that isn’t serving us,” says Murcer Moffett. “We are talking about getting honest with ourselves so that we can step into the inspirations and dreams that seem to taunt us. As one woman steps up she lights the way for hundreds more to follow. When we come together as a group something magical and wonderful always happens. Expect it!”

DeDe Murcer Moffett has more than 25 years experience as a business woman, entrepreneur, and performer. Today she is a radio host, recording artist and coach as well. She is founder and president of The Snap Out of It Women’s Network, a Frisco, Texas-based organization that teaches hundreds of women how to eliminate limiting beliefs and plug into their personal power – both in life and business.

There are several ways to obtain a Free sponsored All Day Pass:
1.) Please email requests to info(at)snapoutofitwomen(dot)com with the word Free in the subject line
2.) Call the Snap Out Of It! Womens Network at (866) 875-7598
3.) Show up! At the Plano Centre on May 20th

Ticket sales information:
Online – (http://dedemurcermoffett.com/Snap-Out-Of-It-Womens-Conference-Registration.html)
Phone sales – (866) 875-7598

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Protecting Your Credit Score & Those Crazy New Rules

After new credit card rules took effect in February, cardholders found that it wasn’t all good news. Card companies hit them with new fees and interest rate hikes, as the companies tried to replace sources of revenue that reform was quickly cutting off.

Millions of Citibank cardholders, for example, got hit with a $60 annual fee on cards that were previously free. That’s got some of my readers asking whether cancelling these cards will hurt their credit scores. And, if so, will it hurt enough to matter?

The first answer is “yes.” The second one isn’t so easy.

Your credit score is an algorithm aimed at handicapping your propensity to pay your bills. It looks at a number of factors that Fair Isaac Corp., the creators of FICO scores, think best indicate whether you’re both responsible and solvent.

Little missteps — like having too few credit cards; or cards that are too close to their limits — can undermine your score. But your FICO score is like an ever-changing fingerprint. Every time someone reports another piece of information about you, your score can change. How much it will change will vary dramatically based on what else is in your file.

To better understand why, you need a little backgrounder on how these scores work.

There are five broad categories that make up your FICO score — the most widely used of the nation’s credit scoring models. The most important factor is your payment history,  which reflects whether you pay your bills on time, have ever filed for bankruptcy, faced foreclosure, or settled debts for less than 100 cents on the dollar. Your payment history accounts for 35% of your score and would not be affected by closing an account.

But the second and third most important categories determining your score — “amounts owed” and “length of credit history” — could be affected by closing a credit account, particularly if it was your oldest card. These two categories account for 45% of your overall score. That doesn’t mean your score would be savaged by closing an account, but it could be.

Here’s why.

FICO’s “amounts owed” category, accounts for 30% of your score. It looks at five different things:

  • diversity of credit: Do you have student loans, home loans, car loans and credit card loans? The more types of credit you have, the better it is for your credit score.
  • number and types of accounts with balances: Having balances on some accounts is good; having a balance on every account is bad.
  • how much you owe vs. how much you owed: If you borrowed $500,000 to buy a house, but now only owe $300,000, you’ve likely demonstrated the ability to responsibly pay down debt. If on the other hand, the most you’ve borrowed is $10,000 and you owe $9,900, you have a way to go before proving you can whittle down your debts.
  • amount you owe on credit cards: Maxing out numerous cards trashes your score
  • amount owed versus debt available: If you have 10 credit cards with $10,000 limits, you have $100,000 in credit available. If you have a balance of $2,000 divided among 2 or 3 of those cards, you are using just 2% of your available credit–which is great for your score. But, if you are using almost all your available credit, your score dives.

If you cancel a card that has a high credit limit, the “amounts owed vs. debt available” portion of your score could drop because your debt-to-available-credit ratio could rise. If this was your only credit card, it might also affect the diversity of your credit, further harming your credit score. But it will have a much bigger impact if you have few forms of credit and a short history of paying down debts than it will if you’ve got lots of different types of loans and plenty of positive information in your file.

Another 15% of your credit score is based on the “length of credit history.”

FICO looks at the age of your oldest account; the age of your newest account and the average age of all your accounts. So, if you close the account that you first opened in 1983 when you graduated from college and your next oldest account was opened in 2003, you’d lose 20 years of credit history, and reduce the “average age” of your accounts, by dumping that card.

That said, the same action can impact different consumers’ credit scores in vastly disparate ways.

That’s because these small changes have a big impact on someone with a “thin” file–few forms of credit and a short history, said Liz Pulliam Weston, author of “Your Credit Score.” But they have little affect on those who have a weighty credit file, where they’ve used lots of different types of credit responsibly for long stretches of time.

That means a person with lots of history can cancel that now-costly Citibank card at will. But somebody who has a thin file might want to think twice.

“I really hate the idea that issuers might use people’s fear of hurting their credit score to get them to accept fees that they don’t want to pay,” said Weston. “If you have good scores and plenty of other credit, go ahead and close the darn account.”

If not, you should consider taking a look at how you use your cards.

It helps to know that credit card companies make money on you in two ways: If you carry a balance, you pay interest. But even if you never carry a balance, the card company makes money when you use the card to charge things. That’s because they charge “interchange” fees to retailers who take the cards. If you charge a lot, you can be a profitable customer for the bank. Better yet, when you pay off your balance every month, you’re a profitable customer without posing any credit risk to the bank.

The bottom line: If you’re willing to use this card for most of your charges, they’re more likely to waive your fee. In fact, Citibank says that anyone who charges $2,400 annually — that’s an average of $200 a month — will get the annual fee refunded.

So if you need the card for charges, or for the purposes of keeping your credit score lofty, it doesn’t take too much to keep it fee-free. You just have to use the card. But be sure to pay off the balance every month. If you don’t, you’ll pay a lot more in interest charges than you’d save by avoiding the fee.

From CBS Money Watch, by Kathy Kristof

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Who Says Your Guru is More Enlightened Than You Are?

I’ve noticed a rather intriguing phenomenon that some people fall into. It’s been so with a few of my friends both past and present; and perhaps I too, on occasion have been guilty. And that is finding a person to whom they become so enamored of their ideas and their persona that they perceive this person to be a “guru” and thus they blindly follow whatever the so-called guru advises and figuratively worship at their feet. In thinking of this and how it is almost always detrimental to the follower, I came across a passage by Thaddeus Golas that I want to share with you because it resonated with me so completely. I was inspired to address this issue hoping that my friends who are following some self-important person who may not have their best interests in mind will perhaps open their eyes and know that true inspiration comes from within their own hearts and minds, not in a navel-gazing guru.
If a man has some awareness of higher levels and knows that he is free to be anywhere in the universe he may then seek to justify taking part in a physical game. The most self-flattering way to disguise his appetite is to see himself as a bringer of enlightenment, of purity, of virtue. No one, not even he, will question his motives and results: isn’t he doing what he says he is doing? If others fail to reach his height, it’s not his fault – and thus he keeps the game going forever. It’s self-renewing as long as he is unwilling to see that his own vibrations emphasize the evil and ignorance he sees. The more he hates evil, the more evil there is to hate. The more he advises people to resist the material world the more be binds them to it.

And even these comments are the consequence of my own resistance to the “error” of resisting evil. This is a perfect example of how we are always guilty of what we condemn in others. What we see is always ourselves. It is useless to correct anyone’s behavior. If he knew what he was doing, he wouldn’t be doing it, true enough, but he is just as capable of knowing it as we are. If he doesn’t see it of his own free will, is he any more  likely to do so when we tell him? By denying him his freedom to be wrong, we are equally wrong. Giving others the freedom to be stupid is one of the most important and hardest steps to take in spiritual progress. Conveniently the opportunity to take that step is all around us every day.

Those of us who pretend to greater knowledge than our brothers, who report more enlightened experiences, have more to explain precisely because we know more.
I believe this is an area where it is favorable, even wise to be a skeptic.
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7 Powerful Steps to Increase Self-Confidence

self confidence visual

Self Confidence & Doubt

We come into this world with total self-confidence/self-esteem. An infant has self-confidence/self-esteem that their cries will get them what they need–food, diaper change, cuddling, communication, soothing, etc. If the child’s needs are readily met and the child senses they are accepted unconditionally they flourish. If their basic needs for survival and emotional sustenance are only met sporadically or poorly their sense of self-confidence/self-esteem begins to deteriorate. If the child continues to experience deprivation they begin to view themselves as not being good enough to be cared for or cared about. Their birth-right to self-confidence/self-esteem has been compromised. Thus, as an adult those who have experience any form of deprivation, they need to re-establish what is their birth-right: Self-confidence/Self-esteem.

1.) Ask yourself, “What would be the worst outcome?” We tend to place excess importance on potential problems-a.k.a.-Worrying ahead syndrome. We have an infinite amount of energy so let’s apply it to creating extraordinary relationships, advancing our careers and meeting our goals INSTEAD of wasting that energy worrying. Take action on what you have control over and minimize risks for what you don’t. Then invest your energy wisely.

2.) Disengage the nagging, negative internal critical voice. That negative internal critical voice can keep anyone stuck. To disengage the internal voice, imagine a volume control and lower the volume. Or simply change the internal voice to the Disney Channel. Do you think you could take Mickey Mouse or Donald Duck seriously if they were criticizing you? The point is to disengage the critical voice by altering the way it nags at you. If you hear your own voice or a critical parent voice nagging you, it will paralyze you. If you hear a funny voice, you laugh and maybe hear the irony of your negative internal critic and continue onward.

3.) When doing something for the first time, imagine that you have already done it. Close your eyes, then, vividly imagine you succeeding at what you are planning to do for the first time. The mind does NOT know the difference between something VIVIDLY imagined and something real. Make it vivid by involving all 5 senses.

4.) Find someone who is already confident in the area of expertise you need and watch how they do it. Model as many of their behaviors, attitudes, values, and beliefs for the context you want to be confident in. How can you do this? Talk with them if you have access to them. If you don’t have access to them, get as much exposure to them as you can. This could be talking to people who know the person and/or buying their products if they have some.

5.) Act “As-if.” Act as-if you already have the habit/behavior you desire. If you were confident, “How would you be feeling? What would you be doing? How would you be speaking? What would you be thinking? What would you tell yourself-self-talk?” By asking yourself these questions, you compel yourself to answer them by going into a confident state. You will then be acting “As-if” you are confident. As you continue to act “As-If” you will notice you are acting less and less as your behavior becomes a habit. Within 30 to 45 days you’ll develop it into a natural habit/behavior.

6.) Project yourself into the future and ask if what you’re faced with is as onerous as you fear. This might be a bit morbid and yet this works tremendously well. Imagine yourself on your deathbed looking back over your life. You are surrounded by your friends and family. You’re reviewing your life. Is what you’re faced with now even going to pop up? That’s highly unlikely. Keeping things in proper perspective really diminishes fear.

7.) Remember that you lose out on 100% of the opportunities that you never go for. Nothing ventured-Nothing gained. To get what you want, ask for it. If you consistently ask people for what you want, you will get it. As you think about your goals and what you are striving for, how effective would it be for you to believe that several people out there want to and would be willing to help you if you only ask? People will help because they know they might need help in the future and you might be a source. Whether that is true or not in the “real world” is irrelevant. The belief is empowering, I invite you to adopt it.

Dorothy M. Neddermeyer, PhD, Life Coach, Hypnotherapist, Author, “101 Great Ways To Improve Your Life.” Dr. Dorothy has the unique gift of connecting people with a broad range of profound principles that resonate in the deepest part of their being. She brings awareness to concepts not typically obvious to one’s daily thoughts and feelings. http://www.drdorothy.net

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