Comments on: Financial health for a more secure future

By: ds1974

ds1974 — Mon, 17 Aug 2009 20:31:00 +0000

Great advice! Good financial advisers are hard to come by.

By: Avi Pollock

Avi Pollock — Wed, 24 Dec 2008 16:54:36 +0000

Great posting. Drawing from the health care industry and using the concept of wellness and prevention really make this resonate. It’s something all of us need to be comfortable with and I hope you got rid of that financial planner really quickly.
I would also add that financial wellness or at least comfort with one’s finances would have the added benefit of contributing to physical wellness.

By: Rudy

Rudy — Mon, 08 Dec 2008 22:47:04 +0000

Hi H-D,
Thanks for the good common sense advise. Let me know when the next one comes out.
Rudy

By: Ben

Ben — Sat, 06 Dec 2008 19:37:52 +0000

I agree. I also think financial institutions can turn things around. Enough of that bail-out mania and rewarding the irresponsible (borrowers, lenders, CEO’s, etc.)! How about a program for the responsible individuals? What if Bank of America created a program for Financially Responsible Individuals (FRI is perhaps not the best acronym – may need some rewording here). It would work like this: individuals who haven’t missed/been late on their payments (mortgage, credit card, utilities – you decide), can document their income, etc. in the last 5 years would be eligible for a reduced mortgage rate, let’s say 4%. The rate has to be lower than what is normally available to create a substantial draw of highly qualified people. This can be tied to a package where people are required to switch their bank and credit card accounts to BofA as well. So not only will BofA acquire highly responsible and financially secure customers, but this can be a great PR opportunity to show that being responsible pays too!