Category Archives: credit problem

Broke vs Poor

You may have heard this before because there are plenty of great speakers who cover this topic; there is a difference between being broke and being poor.

Being poor is a state of mind, and I often speak about the mindset and attitude of the wealthy. When you operate from a poor person’s mindset you are either living in poverty, or operating with a poverty mindset. You can’t raise money by selling your car because either you don’t have one, or you are living in it. You can’t get a raise at work because you are doing work that pays the minimum wage, and you may already have two jobs just to get by. From a poor person’s mindset you look at the future and only see more of the same.

Being broke is completely different. Being broke means you don’t have enough money for something when you want it. Maybe you don’t have the money for concert tickets or you can’t go out to eat at a restaurant this week. Being broke can be, and should be, a temporary situation if you have the right mindset.

In my heart I knew my situation was not permanent, even if I did not know what I needed to do to change the situation. I was so broke (not poor) that I:

  1. Could not afford a haircut. I went to a barber school to get it cut for free
  2. Would not take too many photos because I could not afford to have a roll of film developed
  3. Collected cans and bottles for recycling money to buy food for my family
  4. Got three months behind on my mortgage payment and the bank was going to foreclose
  5. Borrowed money to buy “Open-Close” signs to sell to retail businesses and collected enough money to make my house payment. Sold them for $20 each.
  6. Used a credit card for gasoline back in the day when they were paper forms (before they could be instantly processed at the pump) so I could drive my car far enough to sell the “Open-Close” signs.
  7. Would use scrap wood from construction sites to build closet shelves
  8. Would make my own pizza dough to feed the family
  9. Borrowed $1800 from a high interest lender and had to collateralize all of my furniture and personal belongings.

That last one was so upsetting that I vowed to never let that happen again and started to seek how to transform my financial life. Unfortunately, or probably fortunately, I had become aware that no matter how much money I made, my wife was going to outspend it. Something she wanted was the reason we had to borrow $1800 and I had not yet learned how to say “no.” To this day I cannot even remember what the money was for, but the feeling of disgust at the situation I was in has never left me.

Today, that is so far from my financial situation I thank God for the blessings I have; my health, my relationships and my prosperity. And I pray that you are blessed in the same way that I have been, and my mission on this planet is to support your financial transformation.

Over the next few months you can expect to get emails from some of my joint venture partners suggesting you attend the Master Class that I presented a few weeks ago. I cannot say for sure if I will do them live or only pre-recorded.

Regardless, if there is ANY financial question or concern that you have, please send an email to me and I will personally reply to you.


Cash Call Mortgage

Lately you may have heard commercials for Cash Call Mortgage touting how easy it is to borrow money. A lady says she needs to replace her roof, and she asks, “Can you help me?” A man says he got a new job but will not get a paycheck for a month and asks, “Can you help me?”

Of course the answer is yes, and they say things like, “We can loan you the money your need, because we trust you. Go ahead and borrow money for cash flow just like the big corporations do.”

This is so deceptive and dishonest. To advertise to someone who did not have the sense or ability to set aside enough money to last ONE STINKING MONTH and compare him or her to big corporations borrowing money for cash flow is ridiculous.

However, these commercials don’t surprise me since 90% of the population has been taught nothing about how to handle money effectively, or do a personal budget, or a balance sheet, or an income and expense form, or even how to save for emergencies.

The problem is the burden of interest costs because people lack the knowledge. And these companies take advantage of that.

In an email last week I said that I completed the 9 Days to Financial Freedom recorded program and it covers how to get of credit card debt forever.

It also contains:

  • How to Create Your Empowering Money Beliefs
  • The Three Secrets of the Wealthy
  • What to Own to be Wealthy
  • How to Spend Your Way to Wealth and Abundance
  • The 5000 Year Old Secret of the Wealthy
  • Highly Lucrative Investment Secrets
  • The No Fail Six Leg Support Structure
  • How to Find More of Your Ideal Clients
  • How to easily get referrals in only two sentences
  • Insights on creating wealth through real estate AND MORE

As I introduce the course to my list, the investment will be $497 one time. You will also continue to get access to all upgraded and improved material AND, AND GET THIS, LIVE GROUP COACHING CALLS WITH ME PERSONALLY FOR 12 MONTHS.

After the introductory period ends in February, the investment will be $997, so if you are interested, don’t wait. Email me if you are interested or want more information. By next week I expect to have a sales page on the website.

To your wealth,


Data Breach, Smata Breach -Equifax

By now everyone knows about the Equifax data breach, including scammers who will compound the problem with phony email solutions. Beware of the phishing emails. By now everyone knows about the Equifax data breach, including scammers who will compound the problem with phony email solutions. Beware of the phishing emails.

Here is an example that I received: Αffесtеd bу thе Εquіfаx brеасh? Ηеlp prоtесt уоur іdеntіtу nоw.

It came from LifeLock <info> which is certainly not a LifeLock email address. And if you place your cursor over the body of the email (do NOT press your Enter Key) you will see you will be directed to a website that has nothing to do with LifeLock. This is the scammer website to steal your identity.

The important thing to understand with the Equifax data breach is that Equifax did not patch a third party application that they were supposed to, and criminal hackers obtained access to the records of 143 million people. The vast majority were Americans, and while the records from people in other countries were also exposed, it is so much smaller.

The point is YOU need to protect yourself and assume your records have been compromised. The hacker criminals got access to vital information like names, social security numbers, birthdates, addresses, and in some cases, driver’s license IDs and credit card numbers.

What can the criminals do with that information?

How about this:

  • Open financial accounts
  • Apply for credit cards, mortgages, and other financial services
  • Get medical care at your expense
  • File for a tax refund in your name
  • Get a job in your name and let you pay the taxes (I cannot believe a criminal would want a job unless there is more they can steal… just saying.)

Bottom line: Complete Identity Theft.

What should you do?

Put a credit freeze on your credit reports to prevent anyone from doing the above. You can release the credit freeze if you apply for a loan because you will have a 10 digit Personal Identification Number (PIN) to use, and it should be never be giving to anyone else.

Here is where to go to do that: Equifax: (800) 685-1111 or

I suggest doing it online as I did. I seriously doubt Equifax is prepared to accept 100 million new phone calls.

This is one of the best explanations on how it happened:



Charity Scams

Hopefully this information is not arriving too late. It is a warning to avoid charity scams in the aftermath of Hurricane Harvey that destroyed many parts of Texas.

  1. DO NOT give your credit card number to anyone that calls you on behalf of a charity.
  2. DO NOT donate to any charity that calls you on the telephone. Do not mail checks, do not send gift cards, do not send money orders.
  3. Beware of names that sound good, like Churches for Harvey Disaster. These are often scammers taking advantage of you.
  4. If you give to the Red Cross, mark your donation to be specific to Hurricane Harvey. The Red Cross has been widely criticized for how it handled donations for Superstorm Sandy in 2013. It had not spent more than a third of the money it raised seven months after Superstorm Sandy.
  5. For the relief effort after the earthquake in Haiti in 2010 one half billion dollars was raised by the Red Cross and they say they provided homes to more than 130,000 people, but the only six permanent homes have been built five years later. The Red Cross has not been transparent in how it spends its disaster relief money, and much of it goes to overhead and not to the victims.
  6. Over 20 years ago I wrote about the problem of charities that have sound alike names and are total scams. Examples are:
    • American Institute for Cancer Research (sounds like the American Cancer Society)
    • United Children’s Fund
    • A Child’s Wish (sounds like the Make A Wish Foundation)
    • Center for Advanced Heart Research.
  7. You can confirm the integrity and efficiency of charities you might consider by going to

Do not let scammers pull on your heart strings and donate to those who line their pockets with money that needs to go to those who are truly desperate.

I hope you had a wonderful Labor Day holiday.



Hot Body or Hot Credit Score

This is a welcome trend to me: Surveys conducted with singles on dating sites like Tinder, and OKCupid showed that 58% felt that a physically fit credit score was more important than a physically fit body.

While this is usually not brought up during the dating process, it might be a good idea at some point during the first five dates to discuss credit scores. You could pull it up it on your phone, show your date and say, “Here is my credit score. Show me yours.” Maybe not in those words, but you get my drift. You are not asking your date to tell you how much money they earn, but request they show you how well they handle what they do earn.

Over twenty years ago the first book from my publishing company was Couples and Money by Dr. Victoria F. Collins. She started as a psychologist and then became the partner of a money management firm in Newport Beach, CA. While another 79 more books followed, I followed the theme of helping people in buying real estate, getting out of debt, investing and similar topics.

The point is that more than 50% of couples divorce over money issues. So it makes sense to get started on the right financial footing.

Here are some more survey results:
69% of respondents said that credit history was very or extremely important
Only 67% said a sense of humor was an attractive feature

There was a difference between how men versus women answered, which is not surprising to me. 61% of men said financial sense was a top priority in finding a soul mate, but 77% of women had it as a top priority.

And according to a study by, 42% of respondents said that someone’s credit will determine if they will pursue dating them. So it makes sense to get this information up front, unless of course you have something to hide.


Bad Address Creates Credit Score Problem

In a recent Los Angeles Times column (Sunday, February 15, 2015) someone wrote into Liz Weston about how she applied for a store credit card six months earlier, and apparently the creditor input the wrong address from her application.

When she called the store to make her first payment, she was told she needed to wait until her card arrived and had her account number before she could make a payment. But due to the wrong address the card and later statements never showed up and it was referred to collection.

She wanted to know what grounds she had to dispute this.   Continue reading Bad Address Creates Credit Score Problem