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If we learn something that could help other residents in anyway, (physically, financially, etc.) let's
share the information with all our neighbors in the community. Contact any board member and it will be put on this page
of our website.
How do you feel about the stimulus tax rebate? The "rebate" is designed to stimulate the economy
and pull us away from a possible recession. The idea - increased consumer spending giving the economy a boost
- sounds good in theory. Have you already spent this money in your mind? Remember that this is 'free' money.
What if you could take this free money, invest it in a good mutual fund, and make MORE free money! If you
get $600 back, put it in a mutual fund averaging 12%, in 10 years, that investment will grow to about $2000. Tell your
kids to leave it in that same mutual fund for 20 years and it will be worth $6,500. For the young married couples that
receive $1200, putting it in that same mutual fund for 20 years would grow to $13,000! How's that for FREE money!
Let's say you can afford to add to that mutual fund...take the $1200 and put it into a fund with a 10% annual rate of
return. And then put an additional $100.00 a month into the fund. In 5 years (assuming monthly compounding) your
investment (starting with FREE money) will be worth $9,782.58!
When would you be a millionaire??? How about the year 2061!
IDENTITY THEFT...Everyone has heard this term lately. Did you know that 217 million
people have been affected by data breaches in under 3 years as of August 21, 2007?! There have been security breaches
of one sort or another at hundreds of businesses. Including some in Michigan. Computers, files and data
drives stolen or missing, or even just dumped in the garbage. The Social Security Administration, the Veterans
Administration, GE Money Bank, Bank of America, JC Penney, and many, many other businesses and credit card companies have
been compromised.
Should you buy ID Theft Insurance? Have you ever heard of Dave Ramsey? He is well known for his 7 steps
to being "debt free". Here is a direct quote from him.
"Identity Theft Statistics are spinning out of control. Your personal information is on file everywhere and thieves
are stealing it to not only establish credit, but they use it for employment, insurance, benefits and social security fraud.
It’s crucial to have a thorough protection plan that helps minimize your risk, and takes over all the time consuming
work if you do become a victim. Other programs offering credit monitoring and fraud alerts only deal with part of the problem.
I worked with Zander Insurance to help make sure their program was the most comprehensive and affordable plan available. That’s
why I bought it for my family, my team members and recommend it for all my listeners and their families."
- DAVE RAMSEY
An individual plan costs $72.00 annually or $6.50 per month; and a family plan costs $140 annually or $12.50 per
month . These prices are from Zander Insurance. Their website is www.zanderins.com. There is also a chronological list of the companies that have had security breaches in the last 3 years at this website.
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