How To Stop Credit Card Companies From Sending You Mail Or Calling You

I’m currently in the process of decluttering everything (as you can see from this screenshot, I currently have 12,446 unread e-mail messages). A lot of it is spam, and some of it is reader questions that got lost in the shuffle through the holidays that I did not manage to catch.

unread

Anyway, I’ve been trying to opt out of everything and clean up the amount of physical mail and e-mail that I receive, and I thought it would be worth pointing out the two most mainstream ways to get off lists.

If you are interested in getting on the “National Do Not Call Registry”, then you should visit this link and have your name removed: https://www.donotcall.gov/register/reg.aspx

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Should You Borrow Student Loan Money To Invest?

Back when I was soliciting questions from you before Thanksgiving, one of the questions I received from a reader concerned the wisdom of taking out student loans to invest. That’s a question that I have gotten two or three times before and never had the time to answer, so I’ll tackle it now.

The short answer is no. The longer answer is: I don’t know who you are borrowing the money from, but most likely, you are signing a contract that has restricted potential uses for the money that you borrow. Most likely, “investing the money” violates the contract. Look, nowadays, everything you do leaves behind a digital trail. If you take out $15,000 and in short order purchase 500 shares of General Electric, it wouldn’t take much of an investigation to figure out what where the loan money went. Things will be much easier for you if you don’t even introduce that kind of risk into your life. Plus, when you adjust for the 3.4% or 6.8% interest (or whatever your rate may be) plus the fees and potential taxes on any capital gains you may make with the money, the potential for making substantial money is pretty low. And this doesn’t even touch on what happens if you make poor investments with the loan money. It’s just not worth it. This isn’t even necessarily about morality–the risks of you not investing the money well plus the risks of getting caught outweigh any potential benefit you’d likely get from this action, making it against your interest to do so.

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Benjamin Franklin’s Letter To An Ambitious Tradesman

While on my Benjamin Franklin kick, I came across this old letter that the founding father, inventor, philosopher, and investor had written to a young, ambitious tradesman. Thought you might enjoy.

To my Friend A. B.:

As you have desired it of me, I write the following hints, which have been of Service to me, and may, if observed, be so to you.

Remember that time is money. He that can earn ten shillings a day by his labour, and goes abroad, or sits idle one half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only expense; he has really spent or rather thrown away five shillings besides.

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