Danielle DiMartino Booth tell us what is really going on at the federal reserve board and why this might not end so well. We discuss her new book, Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America.
By Bob Brooks
January 16, 2014
I had someone call me and tell me a very disturbing story. A financial advisor held a seminar at a church. It was a product marketing seminar disguised as an educational seminar. The advisor was pitching Life Partners. This is a company in Waco, Texas that invests into life insurance policies of people who are expected to die. If they die, you make money. I could go into more detail. However, as disturbing as the story of how these products work, that is not the most disturbing to me.
The advisor in so many words said that God sent him to this church “to bless them and make them a lot of money.”
If God called him to bring them information, did God tell him to high pressure sell these people? As I was told there was a lot of that happening.
Did God tell him to boost his credibility by showing them proof he was a Christian and honorable man?
Apparently this advisor was a host of a local radio show that aired sporadically on Christian Radio. He presented them with a letter from the radio station that says he never had a complaint filed against him. According to the person involved with this situation, he presented this to show his credibility and as proof “he was a Christian.”
The people who invested their money with this advisor ended up realizing that they were not going to make life changing money. In fact, their life savings is tied up and they are wondering if they will even get it back. The investment did not even remotely perform like they are almost promised and he won’t return any of their calls.
It is not my place to judge this man’s intentions. I don’t write this as an indictment. I write this to point out that there are people who use God as a marketing tool to make money. Christians can be fooled by those who hide behind God in order to foster credibility to make money. It is important to be able to discern between those who are operating with a pure heart versus those who are marketing with God.
You don’t need to tell a person you are a Christian when doing business. Demonstrating that through actions is sufficient.
By Bob Brooks
January 5, 2015
Every time I come across a company advertising a great deal, I always want to read the fine print. The devil, so to speak, is always in the details.
Creditkarma.com advertises that you can receive a 100% free credit report, credit score, and credit monitoring. The big selling point is that you don’t have to enter in a credit card number and it always remains free.
The commercial starts with a skeptical girl checking out the web-site and looking for the catch – where they ask for your credit card. Her friend walks in the room and assures her no credit card is needed and it is really free. Once she realizes there are no catches, she acts as if she has found credit utopia. What the commercial doesn’t show is her reading the fine print.
Yes it is true. You do get all of the advertised free services. However, you give a lot up for those free services – privacy.
Here is what their terms and conditions say:
we will never provide third parties with your credit report or credit score, but we may use your credit report, credit score and other relevant information that you provide to us while using the Services to match you with offers for financial products and services from our marketing partners.
Basically, you give them the permission to give your information to their marketing partners. Once they do, get ready for the flood of offers in your email and all of the solicitations that you are bound to receive. There really is no need for them to share your scores. Credit Karma will just match your information up for their marketing partners. Is free worth that?
Then there are the security issues. Their fine print states the following:
By registering for an account or using the Services, you accept all responsibility for maintaining the confidentiality of your password, controlling and limiting access to your account, and for all activities that occur under your account or password.
If they are going to store your data, shouldn’t they accept some responsibility for keeping your data safe? Where is the incentive? After all, they already have your information which for them is the valuable commodity. If there is a data breach, it is ok because you are responsible. Although they talk about security on their site, I question if they are willing to spend whatever money it takes to protect you from a security breech? This is important because they will be holding your social security number.
Always remember, that when you sign up free you are probably giving up something. Make sure you are comfortable with what free really means.