#102: Trim Expenses, Daily Time Management, and Can you hear me?

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Intense week here at college, yet cranked out another episode. Enjoy…

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I actually had to go without lunch today in order to record this episode, but I am excited about the information I’m sharing with you. Feel free to share what you learn in this episode!

Finances: Trim Expenses

Setup a plan on a regular basis to evaluate your expenses. Cut back on those you do not need, leaving the most important ones. You will find you will have more money for yourself in the long run, as well as the short run.

Business: Daily Time Management

Are you running your company or is it running you? Listen to the solution to find out how to manage your daily to-do list.

Technology: Can you hear me?

AT&T is going to be ramping up coverage in cities to eliminate slow or crashing networks. http://online.wsj.com/article/BT-CO-20090909-710137.html

Is Monopoly going to take over the world? Find out for yourself: http://www.themoneytimes.com/featured/20090909/monopoly-be-launched-online-using-google-maps-id-1083146.html

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Podcast: Play in new window | Download (Duration: 22:33 — 20.6MB)

Debit or Credit?

Which should I use? Which one is safer? Here are some tips for this Christmas season and in general…

1. What is a debit card?

A debit card is similar to a credit card. The only difference is that it is tied directly to your checking account instead of a credit line. That means if you make a purchase using your debit card, it would be similar to writing a check. The funds come out of your checking account, but you don’t have to wait 2-5 days for the purchase to show up in your records. Purchases made with debit cards show up on your bank statement typically within one hour to a day at maximum. Protection against unauthorized purchases made with a debit card is the same you would receive with a credit card.

2. What is a credit card?

A credit card is a line of credit available to you for purchases, similar to a home equity on a house. The credit card company/issuing bank will offer you a set limit when you first open up a credit card. They will also offer you a set interest rate on your card. But that is another post entirely…

Typically when you make a purchase with a credit card, it is to make sure the company you buy from doesn’t rip you off. If they do, you can have the funds sent back to you. It is also used for larger purchases that your checking/savings account might not have at the time of purchase.

3. Which should I use? Which is safer?

Good question. The final decision is up to you, but here are a couple tips to think about when making your next purchase.

• Use your credit card if you are unsure of the company you are purchasing from. If they run away, you can get your funds back. If you used your debit card, those funds are taken from your checking account, which may not leave you enough cash for other expenses.
• Use your debit card when making regular everyday purchases such as food, gas, clothes, etc. Stay away from using your credit card for these purchases if at all possible, unless it is an emergency.
• Use your debit card in place of writing checks. It it much safer, not to mention faster, to use your debit card. Remember, when writing checks, all a thief needs is your account and bank number, which is on the bottom of every check.
• Use your credit card when making large purchases. It is safer that way, but be sure to payoff that amount immediately.

A final thought. Think of your credit card as a large fluctuating checking account behind walls and armed guards. If anything happens to those funds, you will be able to get them back. Think of a debit card as your checking account. Whatever is in your checking account, that is the limit. Purchases are final, although granted you have the guards and the walls like the credit card, just don’t tempt fate to eat your checking account alive.

Disclaimer: This knowledge comes from being a teller at an international bank, and listening to other’s experiences. If you have any tips, I would be glad to include them. Comments are open.

#19 Sponsored by GoDaddy.com: How to control Expenses, a $250K sale in 15 min, and 80 Core Chips

This episode has been sponsored by GoDaddy.com. Visit http://www.godaddy.com today to get your piece of the internet, plus enter code pod11 when you check out and save 10% on your web hosting order.

For Finances, I talk about how to control your expenses. For Business, I talk about a $250,000 sale in 15 minutes, and for Technology I talk about Intel’s New 80 Core Chipset. The 80 core chip is still in R&D and will not be released to the public, for the near future at least. I also mention an exclusive code for you to use at GoDaddy.com to save 10% on your next order, but you have to listen to find out what it is.

The Taylor Marek Podcast Forums are online. Visit them at http://www.taylormarek.com/forum

Podcast: Play in new window | Download (10.4MB)

#18 Sponsored by GoDaddy.com: Expenses part 2, Hitting the bulls-eye, and More on Windows Vista

This episode has been sponsored by GoDaddy.com. Visit http://www.godaddy.com today to get your piece of the internet, plus enter code pod11 when you check out and save 10% on your web hosting order.

In this episode I continue on Expenses and what role you are playing. In business I talk about how to hit the bulls-eye in sales, and as for Technology I talk more about Windows Vista.

The Taylor Marek Podcast Forums are now online. Go to: http://wwww.taylormarek.com/forum

Podcast: Play in new window | Download (Duration: 37:28 — 12.7MB)

#17 Sponsored by GoDaddy.com: Expenses part 1, The most important secret of salesmanship, and Windows Vista Launch

This episode is longer than the usual podcast as there have been massive additions to the website. Sorry if the audio doesn’t sound as good, I am recording this episode outside of my studios. The Taylor Marek Podcast Forums are now online. Simply go to http://www.taylormarek.com/forum. If for some reason you can’t listen to the podcast on your computer or your mp3 player, all you have to do is have a phone handy to dial: 1-831-480-3979 and the latest episode in the Taylor Marek Podcast will be played to you over the phone. The Taylor Marek Podcast is also looking to raise $70 to purchase some new sound effects as to enhance listening quality. If you are interested in donating any amount that you want, it will be greatly appreciated. Finally, I strongly encourage you to sign up via e-mail for the TMP Newsletter as well as updates to the podcast itself. You will be notified by e-mail if there has been any post to the podcast/blog.

This episode has been sponsored by GoDaddy.com. Domain names from GoDaddy.com are up to 70% less than the competition. Each domain includes free hosting with a Web site builder, a free Blog, Complete Email and much more! Plus, enter code “Pod11” when you check out, and save an additional 10% on your Web hosting order. Get your piece of the internet at http://www.godaddy.com/. Some restrictions apply, see site for details.

In this episode I talk about Expenses and how they show your past, present, and future financial statement. For Business I talk about the most important secret of salesmanship, and for Technology I talk about Microsoft’s launch of its newest OS, Windows Vista.

Podcast: Play in new window | Download (21.8MB)