Month: February 2013

Balance Transfers and 3% Fees

From January this year, Discover and Chase has been aggressively marketing by sending me Balance transfer checks in mails and emails. I get three mails in a week from these companies. One common thread among both these offers is the $5 minimum or the 3% Balance transfer fees. $5 minimum seems to be the lure, the real catch is in the 3% fees.
Lets look at an example,
Suppose you Balance transfer $2000 to Discover,
5% fees on $2000 is $100, so $5 minimum fees doesn’t apply here

So all the mails and e-mails is to get the $100 fees on a $2000 balance transfer, which is good for Discover and Chase. Is it good for you or me ?
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7 Lessons for Leading in Crisis by Bill George

Seven Lessons for Leading in Crisis
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The seven leadership lessons include:

  1. Face reality, starting with yourself.
  2. Don’t be Atlas; get the world off your shoulders.
  3. Dig deep for the root cause.
  4. Get ready for the long haul.
  5. Never waste a good crisis.
  6. You’re in the spotlight: follow your True North.
  7. Go on offense: focus on winning now.

Courtesy: Amazon

“You wouldn’t w…

“You wouldn’t worry so much about what others think of you if you realized how seldom they do.”
― Eleanor Roosevelt