Archive for the ‘personal finance’ Category

Cloned Banks: Why That’s Not A Good Idea!

Monday, December 5th, 2011

Banking Regulations and You!

This post is for financial nerds.  I know you guys are out there.

So if you are looking for a lightweight read about frugal Christmas shopping or finding the best credit card today, move along (but check back, I’ll write that one soon, I promise!)

If however you want to learn a little and broaden your horizons about how the financial world operates, and maybe argue with me ’bout my opinion, then read on, sons and daughters, read on.

First a little Bank background.

Banks are required to have a savings stash, known as capital, on hand for emergencies.  The “stress test” that banks had to undergo after the financial crisis  was to insure banks had adequate capital to survive another severe and sudden economic downturn.

FDIC-The Bank Regulator!

Why is this necessary?

Bank failures….When banks are under capitalized, they become susceptible to bank runs.  This means you and I rush to take out our money, afraid it won’t be there when we need it.  If enough people feel the bank is in danger, then failure is inevitable-the domino effect writ large.

Bank failures  have occurred in record numbers in the past few years,  and they always have the potential to take Mom and Pop with ‘em.

Even with insured deposits, bank failures are a calamity for a community, and especially for the bank’s stock and bond holders.

And if you are sitting there thinking, “This ain’t none’a me, cause I don’t own any bank stocks!” Then maybe you need to think a little more.

You may not hold them directly, but your pension fund or one of your 401k mutual funds probably does.  As we found out in the  2008 crisis, and again with the European debacle, it doesn’t take direct ownership of financial or bank stocks for you to be affected.

‘Cause it is likely you and or your employer is already affected directly or indirectly.

Just the threat of these distressed European banks going under has made your retirement fund fall as fast as the request for a Kardashian annulment.

The European crisis has also affected the hiring decisions of that company that was thinking of  expanding and hiring your husband, wife, son or daughter.

The economic growth of our country is being severely affected by this uncertainty in the world’s banking system.

Banking Regulators

Now that you have the background info, the topic of today is banking regulations and regulators (otherwise known as bureaucrats.)  And before your eyes roll back  and your fingers get twitchy to move on, give me just  another minute.

A recent Op-Ed in the Wall Street Journal was enlightening.  (it scared the piss out of me and should you, if you want to know the truth…)

Peter Wallison’s concern was the way new regulations and the regulators enforcing them are virtually guaranteeing a future crisis for the banking world, in the name of prevention.

The next banking debacle is almost inevitable with the supposed “new and improved” system being used to “judge” a bank’s solvency and stability.

Keep in mind banks are regulated and you and I pay the tab, directly or indirectly.  Regulators from different agencies audit banks investments, loans, and capital ratios to make sure banks aren’t in danger of  collapse.

The regs and how they are being interpreted by these  regulators basically require all banks to have the exact same capital requirements-not a bad thing.

More worrisome is requiring that these capital investments be limited to the exact same investment choices as every other bank.  These investment choices are being limited more by the rules interpreter, than the rules themselves.

You may think, well that’s only fair.

The banks in Boston have to have the same capital requirements as the banks in Bainbridge, or Baltimore, or Birmingham. Whether Birmingham is in Alabama or in the British Isles….  “I’m all for everyone  being treated the same and look the same, it just makes sense!” you may be thinking.

Well what Peter (sorry) , Mr Wallison has pointed out, is this effort to stamp out risk, and to be “fair” actually does the opposite.

How?

How bout this banking fairy tale:

Every bank in the world has the exact same capital requirement. That requirement  is gold, lots and lots a gold!

In their vault, banks are required by regulators to hold a certain amount of  physical gold.  Those regulators go from bank to bank to make sure that vault held just the right amount of gold for the size and scope of that bank.

Sounds safe enough, huh.

Now what happens though, when  the goose that lays the golden egg gets discovered then cloned, or the alchemist finally figures out a way to make gold out of thin air, or more realistically,  a huge gold reserve is found (preferentially in my back yard…I know, not very realistic) and the price of gold plummets to nearly nothing.

Every bank that had adequate capital requirements yesterday, are suddenly under capitalized and because the rules were so narrowly interpreted, every bank in the world is in the same boat.  The same regulator that said everything was hunky dory today, is now ready to close you and all your cloned cousins down tomorrow.

I know, I know,  banks aren’t required to hold a certain amount of physical gold. (That was just a story, sheeeshhhh…)

My point is, when the regulators begin making every bank have the exact same type of capital to meet their capital requirements, then all banks will look alike, which is fine, ’till something happens to the value of that capital.

When that value drops it’s not just one bank affected, it’s the whole damn system.  That scares me and should scare you!

Unintended consequences indeed!

I understand the need for doing something!

Many are clamoring for government to do something about the banks.  To punish them for screwing up our lives…. let’s be careful not to throw out the baby with the bathwater.

Regulators should give banks  leeway to make judgments for themselves making their institution more immune to failure. Not give ‘em free range, but at least a little range…Having the banks capital invested just like a clone of the bank next door, or across the pond, is not the answer.

Let’s actually encourage a diversity of investments-this will make banks and the banking system safer.

Safe banks should make you and I feel a little more at ease, and it will help our retirement funds feel a lot better.

Reader questions:

What say you?  You have any thoughts on banking regulations and their enforcement?

Would you rather I write another article about buying your wrapping paper after Christmas to help you save a few pennies????

Don’t forget to:

Follow-Twitter-@DrDeanBurke

Like-Facebook

Circle-Google +

Link to me-at Linked In

Friend-Facebook

Don’t miss anything here-RSS

Newsletter, for special people, with my special mini-e-course on personal finance and my special  free e-book, at no extra charge-cause that’s the kinda guy I am! Don’t you want to be special?

 

9 Money Saving Reasons To Garden!

Thursday, December 1st, 2011

Saving Money Growing Vegetables

Growing your own!

No, I’m not suggesting your new side business be  growing a certain cash crop…..

I’m talking about growing your own vegetables and fruits.

What are the downsides?

  • You need a lotta’ space.
  • Your cost benefit ratio says it just doesn’t pay off, with cheap fresh foods being readily available.

These are good arguments,  and certainly true to a point, but….They leave out several positives that can’t be easily measured in dollars and cents.

What are the hard to measure benefits of gardening?

Space saving garden, yes those are dresser drawers!

  • Your current hobbies can be expensive.  If you’re using spare time to grow food, you aren’t shopping, watching cable, playing golf, or burning gas on the road-all of which cost real money.
  • You know what’s in the end product.  You control fertilizer, pesticide use, and which plants or seeds you buy, so you know what you’re eating, a definite health benefit.
  • With patio gardening techniques you can get a surprising yield out of a small space, and community gardens are increasingly popular.
  • Hand therapy, as any hobby using your own hands is known,  is a recognized stress and anxiety treatment, saving you money on Prozac, alcohol, or expensive therapy sessions.
  • Gardening burns calories-saving you money on weight loss products and maybe even your gym costs. And no more tanning bed sessions.
  • You can sell your extra bounty at the local farmers markets and flea markets, or give them away instead of buying gifts for your friends.  I know I love receiving a bag of tomatoes rather than another tie.
  • Eating food you’ve grown just makes you feel good about yourself.
  • Keeps your kids active and helps them learn self-sufficiency-saving money on baby sitters.
  • You don’t have to spend as much at the “end of the world” stores popping up online.  You are already prepared to feed yourself when the world as we know it ends….

Just because the out of pocket costs of growin’ your own may not seem to be cost-effective, remember these side benefits that can’t be easily plugged into a spread-sheet.

Maybe that garden out back is not such a bad investment idea after all.

So put those needed gardening tools on your Christmas list, or start looking for used on Craig’s List.   Winter can be a good time to begin soil prep (unless it’s frozen.  If you live in North Dakota go have a beer and wait a few more long cold months…)

Don’t buy a $2,000 tiller or spend 5 grand on a gentleman’s tractor, till you’re sure you’ll stick with it.  Remember to start small.  When you are weeding your first garden that 10 x 10 ft plot may seem like 5 acres.

 

{photo credit: mazalatel c.c.}

Don’t forget to:

Follow-Twitter-@DrDeanBurke

Like-Facebook

Circle-Google +

Link to me-at Linked In

Friend-Facebook

Don’t miss anything here-RSS

Newsletter, for special people, with my special mini-e-course on personal finance and my special  free e-book, at no extra charge-cause that’s the kinda guy I am! Don’t you want to be special?

 

 

Not Your Usual Tire Pressure Story!

Tuesday, November 29th, 2011

Tire Pressure Facts

My daughter, God bless her, was home for Thanksgiving.  Her mother needed help with a few things including taking her non-driving sister back to Atlanta.

While my daughter was down, we took advantage of her year old Honda Accord to run a few errands rather than making everyone climb up into my pickup.  (Yes, I’m a redneck Doc, with guns and a pick-up.)

Since my truck is greater than 10 years old, it’s missing many of the standard niceties you find on new cars.

I asked my daughter, “Hey Honey, what do these yellow lights under the tachometer mean?”

The Christmas Tree, finished product!

“Oh, they’re a warning that my tire pressure is low.” she replied.

“Cool,” I said, “How long have the lights been on?”  Thinking they probably popped on during her trip down.

“Maybe a couple of weeks or so….”

Yeah my daughter is grown and married, but she will always be my little girl.  And thinking of my little girl in a car wreck ’cause of under-inflated tires bothered me a lot.

Tire Pressure and Gas Mileage

As  a proud, card carrying personal finance blogger, I also know under-inflated tires decreases gas mileage, with most experts saying a 10% pressure loss results in at least a 3% drop in mileage. It adds up quickly at 4 bucks a gallon.  The tires wear out faster, too.

So, the  next morning I grabbed a stack of quarters from the dish on my dresser for the air-pump at the nearby service station, and off we went.

The results were scary.  The tires were OK in the front, but the back were probably 25% under-inflated.  It took two bucks of quarters to get ‘em right.

I might have been a little preachy as we filled up those tires.

Comeuppance on tire safety

The next morning, my daughter and I headed out to pick out a Christmas tree.  She looked at my old pickup and said smart assily, “When have you checked YOUR tires?”

Of course I coulda’ lied and said, just last week. But no, I had to admit it was when I had the truck serviced.  And the older I get, the faster time flies…(you won’t understand this ’till you’re over 40.)

I would’ve said it was 4 weeks ago, but the receipt said it had been 3 months.  I’m sure they just got the date wrong, don’t you think?

After picking out just the right tree and loading it into the truck, we stopped and checked MY tires.

Of course she had to help, having taken 3 semesters of automotive repair in high school.   She said she took those electives ’cause she likes cars, I know she did it ’cause she liked boys!  (not to mention a little rebelliousness)

What did the tire gauge tell us?  You know the answer.

I was at least 30% down in all four tires.  I went through 12 quarters getting ‘em filled.  Had to dig into my console for those last few quarters….

Her Mother did a great job!

Do you know how to tell when you’ve done right by rearing your child?

She did not say one word when we drove out of that service station, not one word.  And no smart-ass smirk on her face, I looked….(she didn’t learn that from her Momma….)

Reader Questions:

When have you checked your tires?  And don’t think it was last week, I promise you it was longer….If you are regular about checking them more often, how do you keep up?

 

Savings: Are You A Failure?

Tuesday, November 22nd, 2011

Saving Money

Have you ever read anything that made you feel like a failure?  Something that slammed you in your gut, made you want to vomit?

This innocuous looking article on savings rates at Smart Money hit me that way.

The article discusses the savings rate of our country compared to others in the world.  It seems that individuals who are living in the poorest corners of our world are also some of the best savers.

Ring the Bell For Others!

We complain and whine about our inability to get ahead on our income.

  • “How can anybody save money in this economy?”
  • “It costs so much to eat, buy gas-our monthly bills are just too high!”
  • “Momma, I can’t wear those no-names, my friends all wear Uggs.

The super-savers in third-world countries, whose income would be less than 1% of our so-called poverty level,  sometimes making as little as $2 bucks a day, are living on half and saving the rest.

How many of you are saving 50% of your income, or putting 50% of your income against your debt?

The current savings rate of our country is quoted to be around 5%. That means we spend 95% of what we make on average.  At the height of the boom before things crashed in 2008, we were at a negative savings rate.  That meant as a country we were all spending more than we made on an annual basis.

Our government continues to do so at a dizzying pace.

Spending, Can You Do Better?

I know why this got my attention.  We are blessed in this country to have so much in the way of material goods-most of which sits in our homes unused, just to be available if or when we need it.

We have 15 different damn ways to cook a hamburger. From a microwave, to George Forman’s grill, to our stove, to the $1000 BBQ with 5 burners and while you’re cooking- a blender for your margarita-cheers!  Cooking, that’s for losers, let’s go to __________ (insert your favorite burger joint here!)

And don’t forget the pasta maker, the tortilla maker, the bread machine, and the rice cooker.  How many ways can you cook a starch???

I’m not just casting stones here.  I’m looking dead center in the mirror and don’t like what I see.

And my wife and I are laughed at ‘cause our TV is 20 years old and both our cars are more than a decade old!  I know I’m far from the worst spender, and that just makes it even worse.

Why Personal Finance?

Many people ask why I do this. “Why do you teach others about personal finance, as busy as you are at practicing medicine?

The only answer I can give:

I’m called to do it.  I want to help you see how poor, (some would say stupid) choices are ruining your lives.  It seems like fun to buy these new shoes, eat out, I gotta have that new boat, the kids have to go to that private school..….. We borrow money for school when we could be working and paying our own way!

We delude ourselves daily!

It’s so easy to watch TV rather than study and better yourself to improve your income.  It’s easier to have a beer with your buds rather than volunteer at the food bank or ring the bell at Christmas.

It happens so slowly and in the company of so many others, that we don’t realize we’re in Overspending Hell ‘till it’s too late!

Reader Questions:

What do you think?  What is your savings rate?  What would get your attention about your spending?  Do you save 5, 10, 15% of your current income after taxes?

If you are saving more, how do you do it?  How did you get there and what would you suggest others do who say they can’t get by?

{photo credit: Monica’s Dad c.c.}

Don’t forget to:

Follow-Twitter-@DrDeanBurke

Like-Facebook

Circle-Google +

Link to me-at Linked In

Friend-Facebook

Don’t miss anything here-RSS

Newsletter, for special people, with my special mini-e-course on personal finance and my special  free e-book, at no extra charge-cause that’s the kinda guy I am! Don’t you want to be special?

 

Management: Are You Afraid To Take That Step?

Tuesday, November 15th, 2011

Management

Have you ever had to get something done at work, a project or even a simple task but needed help?  Something you couldn’t do on your own?

If so, you’re in management.  You may not know it, no fancy title is involved,  you certainly aren’t getting paid for it, but nonetheless you’re a “manager”.

In health care delivery, very few organizations except the largest for-profit companies, have  formal management training programs.

The department heads are usually filled by the “OK, Jane quit ’cause she was tired of all the bitchin’ from the nurses about the holiday schedule so who wants to be Department head?”….method.

If you don’t say “Hell no I don’t want that hassle!” you get the job.  If yo’ mama didn’t teach you how to manage people, then you’re on your own.

Management equals more pay!

I’m all about helping you with your finances.  Making more money and spending less are the only two ways to improve the bottom line.

Anyone can be a leader!

Managers are usually paid more.   If you’ve never supervised others,though,  it’s kinda’ scary.

The best way to learn is by doing, the second best way is learning from someone who has been there and done that.

Management Project Example

We just had a large project in our office.  Let’s see what we did right and what we did wrong and see what you can learn about management and leadership.

First off, let’s get my management bonafides on the table.

I’ve had no formal management training.  I have read many books on leadership and personal development.

From Seth Godin, to John Maxwell.  From Guy Kawasaki, Jim Collins, to General Patton.  I’ve been 4 hr’d on my work week, been to the mountain top and seen the purple cow, been butterflied and long tailed to death.  I’ve got the equivalent of an MBA in self-read leadership. I have also run a business for 25+years.

The project:

The project I want to discuss is the implementation of an Electronic Medical Record (EMR) system in my office.  For those of you not in health care, this means the replacement of paper medical charts and all the billing/financial parts involved, with a digital version.  This is not putting in new software on Saturday and using it on Monday. This was a 6 month project with high five figure investment.

My staff are all hard workers of varying backgrounds but none of them are what you would call tech savvy.    Most of them use the internet for email, and occasional shopping but that’s about it.  Some of them don’t have computers at home.

Huge problem #1:  Change.  Every one has heard how technology is costing people their jobs and that was my staff’s first question:  “When we finish this project, will I still have a job?”

Dealing with that was easy. Our staffing is so lean, I knew we wouldn’t be laying anyone off,so I said so without hesitation.

Huge problem #2:  Trust.  To lead people, they need to feel you aren’t leading them into a certain death.  If you are taking them to a place where they’ll feel pain,  they have to believe in their hearts that there is a benefit.

If you are a good leader, and have a great cause, that benefit can be  for others, not just for the individual employee.  My staff had to believe this EMR would allow them to take better care of our patients and be more efficient at their job.  With the benefits explained,  they were willing to suffer, to a point.

It is amazin’ what your employees and co-workers  will sacrifice for the greater good.

Trust like that takes time to build. There is no short cut.  You have to be a consistent leader whose staff knows you can make the tough calls when the time comes.

Huge problem #3:  Stress.  When people are working overtime and are having to think about every keystroke every day, it doesn’t take long before tempers flare.

The best way to deal with a temporary but high level of stress is to be up front.  By letting everyone know that times are tough right now, everyone is on edge, let’s respect each others feelings, it’s OK to vent, let’s not take everything personally, and all the other cliches I could think of-we got by without anyone killing a co-worker.

But it did take constant reminding.  When you are angry at an inanimate object, it tends to spread to the livin’ breathin’ around you.

The important thing here is validating  strong emotions.  Not necessarily agreeing with ‘em, but recognizing their pain.

Sure, there were things said in the heat of battle that shouldn’t have been said. There were hurt feelings for a few days, maybe even a few weeks. But I don’t think any permanent damage was done.

Luckily, our EMR company got the brunt of the blame.  Not that they did anything wrong.  It’s better for the staff to say, “That damn computer, I’m ready to throw it out.”  Or “I wake up in the middle of the night wondering which button I should have pushed!”

Rather than, “That damn receptionist, if she adds one more work-in today, I’m going to get my gun.”  (we live in the south you know, everyone has a gun….)

Each week of the implementation process had goals to be reached and skills to be learned.

Everyone worked overtime.  I worked on Saturdays and Sundays with my staff, catching up with paperwork-excuse me-computer work.

Party Time

At the end of the project we had a party.  No, we didn’t bring a keg to the office.  We did have cake, decorated like a computer work station with a little foul language in appropriate places, and ice cream.   We had a Pinata that the team leader had painted with the name of the software company.  Everyone had a couple of shots at the beast with a big stick, releasing pent-up pain.

A sense of humor is another frequently overlooked leadership/management tool.

We all survived.

What did we do right?

  • The project was well defined and  had a timeline.
  • The project had reachable goals divided into accomplish-able steps each week.
  • Each person had an understanding of their responsibilities.
  • A weekly review of the project status ( free pizza helps).
  • Those who had better tech skills were expected to help those that might be falling behind.
  • We had a team leader who was both a cheerleader, but also a benevolent (mostly)taskmaster.
  • We had rewards for all who participated when the project was over.

What could we have done better?

  • The team leader should have more leadership training before the project started-we learned on the fly which isn’t always best.
  • The practice owners/Docs have to walk a fine line between sharing the pain versus joining in on bitch sessions that are unproductive at best, and undermining at worst.  We managed to do this but did have the occasional slip.

The next project, I’m convinced, will go more smoothly as we’ve been tested in the heat of battle. All involved have seen the best and the worst of their work-mates and know they can be trusted to keep on keepin’ on when times are tough.

Summary

In summary, some management skills can’t come from reading a book, or taking a class.  However, like most things, the more you’ve read and learned, the easier it is to recognize those times that require finesse rather than a bulldog attitude.  You will find answers to tough questions come a little easier and you won’t have as many of those deer in the headlights, WTF,  moments.

If you are afraid to take that step up in your career, remember, everyone in leadership was an ignorant newbie in their past. (even if some have forgotten.)  When things get tough, remember  your career and personal finance goals help,  but focus primarily on helping others, not yourself.

That’s what makes a great leader.

Reader Questions: What helped you make the step to a leadership position.  On the job training, a mentor, and MBA?  What advice would you give new managers with no experience?

{photo credit: just chaos c.c.}

don’t forget to:

Follow-Twitter-@DrDeanBurke

Like-Facebook

Circle-Google +

Link to me-at Linked In

Friend-Facebook

Don’t miss anything here-RSS

Newsletter, for special people, with my special mini-e-course on personal finance and my special  free e-book, at no extra charge-cause that’s the kinda guy I am! Don’t you want to be special?

 

 

 

 

 

 

 

Banks: Changing Over Charges?

Monday, November 7th, 2011

Banks: Are They Evil?

Are you one of those folks who have just had it up to here with banks and bank fees?  If so, what are you going to do about it?

Before you  make changes you may regret later, take a minute.  Study the issue. No emotion allowed.

Is it "Time" to change banks?

What’s your gripe with your current bank?

  • Do they charge for use of a debit card? (most of these fees are being withdrawn faster than a reality star can get divorced….)
  • Do they charge too much for processing checks?
  • Do they have poor customer service?  You know CS is bad when you could play a complete game of Monopoly while you’re on hold or can have a conversation with your one year old that’s easier to understand….
  • Do they block your credit card when you’re using it, but allow a crook to use it with ease?
  • Do they charge too much for ATM use at other institutions?
  • Are their overdraft fees, and other charges, non-competitive?
  • Are you just mad they were bailed out and you weren’t?

If the answer is no to these questions, quit worrying about your bank.  If you don’t write bad checks, and have no problems with your current bank, then go have fun.

Don’t let all this media hype about banks ruin your day.  Remember, they are just a tool to help you manage your money.

Changing Banks:

If you do want to change banks, what should you do?

Analyze your needs and go for it.

Here are a few banking choices and their pros and cons.

Locally owned banks:

Locally owned banks are booming with all the  angst about the big banks.  I use a locally owned bank myself, and am also a small shareholder in a local bank.  But local banks do have limits.

  • They usually aren’t on the cutting edge with new technology.
  • They usually don’t pay as high an interest rate as online banks.
  • They may have limited services. No trust department or investment advice. (which isn’t necessarily a bad thing)
  • Their fees may be a little higher, as their fixed costs are higher.

Locally owned banks do help your local economy.  They provide jobs, and their success helps your community grow.  The shareholders are usually your fellow community members.  If you want to look for a locally owned bank, check out this search page at The Independent Community Bankers Association.

Credit Unions:

  • Are non-profits and usually have lower costs.
  • Some Credit Unions limit membership to certain groups, though this is less common than in the past.
  • May be able to loan money based on your personal history rather than just looking at a credit score.
  • Like smaller banks, may not have the latest technology such as smartphone apps and interaction with Quicken or Mint.
  • May have great credit card rewards-I’ve got a 5% cash back on gas credit card with Pentagon Federal Credit Union.

Both locally owned banks and credit unions are not going to have a branch on every corner like Bank of America or Wells Fargo.

If you do most of your banking online, that may not matter.  If you go to your safe deposit box to check on your Double Eagle gold  coins once a week, just to feel them tinkling between your sweaty palms,  having to drive across town may be a pain in the a$$.

If you have don’t have payroll direct deposit and the only local bank or credit union is 45 minutes away, then you may just need to put up with the Too Big To Fail guys.

Mega-Banks:

These large banks have their issues, but you have to admit it’s nice to:

  • Have a branch seemingly on every corner.
  • Easy to use online and automated banking services.
  • Easy to find ATM’s.
  • Easy syncing with Quicken, Mint, or other money management/budgeting software.

I don’t have access to a large Too Big To Fail bank in our small town, so I can’t rank them from personal experience.  But many of my friends love Wells Fargo.

Online Banks:

The online banks, such as ING, Ally, HSBC and others have great rates compared to Brick and Mortar banks.  But you do have to be techno-competent.  Here is a great link to start your research on online banks.

  • Check for specials/deals/rewards-do your due diligence to make sure you get a good fit.
  • They will usually use only the numbers to make decisions on loans, unlike a local bank who may have leeway if they know who you are.

I have an automatic savings account with ING and so far have no complaints about their services.

Changing Banks Summary:

Don’t let all the current media attention about banks cause you undue worry or concern.  If you are happy with your bank’s customer service and fees, ignore the constant banging of drums.

If you want to punish the big banks for their part in nearly bringing the US economy to a depression, then close your account and invest with the locally owned bank nearby, or one of the  other choices mentioned above.

Just make sure when you open your new account that all the transactions have been closed on your old account before you close it.  Otherwise, you may have a late fee or overdraft fee as a reminder of why you left in the first place!

Reader Questions:

What say you?  Have the latest so-called outrageous bank fees made you close an account?  If so, where did you go?

{photo credit: taberandrew c.c.}

Don’t forget to:

Follow-Twitter-@DrDeanBurke

Like-Facebook

Circle-Google +

Link to me-at Linked In

Friend-Facebook

Don’t miss anything here-RSS

Newsletter, for special people, with my special mini-e-course on personal finance and my special  free e-book, at no extra charge-cause that’s the kinda guy I am! Don’t you want to be special?