Have you ever got the chance to attend a youth ball game. Maybe you are lucky enough to have a child that plays youth sports. Congratulations! Youth sports are a very big part of American life. Maybe too big. Sure there is a small number that benefit from it to the point of college scholarships or even a career as a professional athlete. This is a very small percentage. Most children who are playing these sports won’t get the scholarships or the career as a professional. Sure, they benefit from sportsmanship, life skills of winning, losing, and setting goals. Making yourself better. The down side is so many kids also learn what it is like to never be good enough. Parents may love their children more than the world and only want to help but so often set a terrible example. I once attended a basketball game that my son was in and felt so bad for a player on the opposite team. He was a good player but not a super star. This young man was as good as anyone else there that night but not the player that his Dad had dreams of him being. Let’s get to his Dad. His Dad had done good in life, was a medical doctor, and had riches of the world. The problem was, he couldn’t walk and chew gum at the same time. He was on his son the whole game. Screaming, yelling, jumping, cursing. He made a fool of himself. It was so bad one of the refs stopped the game and told him he would have to calm down or leave. Now I am all about freedom and raising your children as you see fit, but we must stop and think is this helping. Is this making our children better people? This young man left the game with his head hung low. He was so embarrassed and felt worthless. The young man is now in college. He is playing no sports. He simply wasn’t good enough. Just like the majority of kids. He is very intelligent and will do good for himself. So, did that night years ago gain anything? I say no. It only crushed his self esteem. He is right where he would be in life if his Dad had praised him for doing his best. We must watch how we act towards our children. These things will be remembered by them for years to come. Praise your children. Be proud of them and let them know. Unless you are Michael Jordon or Labron James then you have no right to talk down to these kids as this doctor did. He wanted his son to be what he wasn’t. Let the kids have fun. It is about them, not the parents. Kids are only kids once. Let them be happy and have fun.
In days of old all you needed was a good name and a handshake. Country stores all over the country accepted a shake and a promise on payment. Many, many times my grandfather said he charged at the country store and paid at the end of the year when the crops were sold. Those days are gone. Today it is hard to find a friend good enough to loan you money on a handshake. This is where the power of the almighty credit score comes in. No matter if you are trying to get a new job, get a loan for personal use or buy a house it depends on that score. Even if you get approved a lower score can cost you a lot more money in interest rates. You cannot get a good score overnight. It takes work to get that good score so it should be took care of and maintained. How do you do this you ask? The easy things are the ones you probably already know. Make your payments on time, dont borrow excessively all at once and time of history of credit. These are very important but there is more to a good score than this. A big thing that gets a lot of people in trouble is credit utilization ratio. You might think because you have a credit limit of $10,000 that it is ok to go borrow this amount. Makes since, right? Wrong. Banks and financial institutions look very hard at credit utilization. They like for it to be under 30%. On a $10,000 card that would mean that you could borrow $3,000 with out it hurting your credit much. Utilize personal loans if your credit card debt gets to high. Watch you credit report. You did have to buy reports in the past but most credit cards now have free credit score look ups. Stay on top of it. Report anything that is wrong immediately to the credit bureaus. You can watch your score and see it fluctuate regular. You will learn what helps it and what makes it fall. Don’t get to many hits from loan applications. A hit is anytime someone runs a report. These stay on your report for two years! Once you have an established mortgage stay with it. The longer the history of good payment the better the score. Work with medical facilities to make payments in house if you owe any. Medical debt hits a lot of people hard, Once this debt is turned over to a credit bureau it is on your record for years. It drains a score. Try to keep this from happening at all cost. One last note before closing. There is companies out there now that advertise getting you a lower payment on credit card debt by dealing and negotiating with the companies on your behalf. BEWARE! Yes they often will get you a lower payment and debt settlement but this severely damages your credit score. This is the same as default and these companies pretending to help you make the money off the transaction while your credit is ruined. Just remember to be smart and pay attention to your score. You too will see the power of credit scores!