rule
. News Blacks should use
y J at
The late J. P ul Getty'
rule for accumlating ealth
rprisingly simple and to the
point. In fact, there may be a
tendency to b ru them e
as only generaliz tion That
ould be a mi ake. J. P ul
Getty became the riche man
in the orId.
Thu hat he h d to ay on
to accumul e ealth
ould be given riou
thought and followed. They
could ju t be the motivational
push you need to ernb r on a
path to greater ealth, cc
and personal h ppine .
RULE o. I - TO c-
. 'QUIRE E LTH TODAY,
YOU UST BE YOUR
o BUS ESS. e have
m de thi point in numerous
column. However, thi rule
doe not mean you mu quit
your job" it simply means
th t it is next to impo ible
to become wealthy by orking
for meon else. Stated
po itively, it mean th t you
mu t t least h ¥ part-time
busin or ideline activity
hich produce money for you
in ddition to your job.
, You could do no more
than ponsor monthly ial
event hich people mu t pay
to trend, You can have fun
by m in the v nt party,
a f 'on show, financial
minar etc.
The point is: • DO SO E­
THI G 0 REGULAR
BASIS WHICH PRODUCES
ADDITIO AL I CO E.
e have compiled a booklet
of parttime mon y m ing ide
which may be of help to you.
lt i vail ble ( 9,95 from Law­
T y, Inc" P,O, Box 54041,
shington, DC, 20032.
RULE o. 2 - YOU
HAVE A 0 G
LEDGE 0 11IE BUS
H YOU START IT D
CO T UE TO CREASE
YOUR 0 LEDGE OF IT AS
YOU GO ALO G. In short,
c
IG
you want kno Jed in order
to oid too ¥ mistake.
Remember, your aim is to m e
money not e Get the
rilht inform tion EFO em­
barkin on any venture.
If you have an ide but
you are no re ho to tum
it in 0 a money mer, write
for free If-help inform tion
from my associate Robert Tay­
lor, Briefly describe .your idea
and he will nd you suggested
ideas on h to t rted
well a urce of dditional
information.
Taylor can be reached at
911 B maby Street, SE,
ington DC, 20032. The infor­
mation i free but p in­
clude 1 to help defray mailing
cost.
ULE o. 3 - YOU UST
S VE EY YOUR PER-
SO AL UFE D YOUR
BUS ESS VEN11JRE AS
WELL. e call this tb "pay
your If fir " rule. Simply
put you ould save at least
10% of everything you earn
from your job and at lea
25% of every dollar earned
from your busine venture.
S �ing requires 0 thing
and two things only: income
and discipline. You mu t
h ve income and you
discipline yourself to
me of it,
treat your
bill which mu
Remember, if you
you have money to e, you
will never ve. SAVE OW!
RULE o. 4 - YOU MUST
T KE RISKS, 111 WI11I
YOUR 0 Y AND
WITH BO OWED 0 EY.
If you want to become wealthy
in Americ ithout talc· me
chances, forget it. You e
only fooling younelf. It may
und like a contradiction but
the f: ct i that you mu take
financial 's in order to
achieve financial securi y,
Thi does not mean that
you ould feel free to do
------ -
C TIZ
16032 Woodward
Highland Park, Michigan 48203
•
or phon toll fr e
1-800-445- NEWS
o Bill me
o 3 month - 4
o 1 year- 12
m
o Payment enclosed
o 6 month -.$7
o 2 y ars - 22
Addr
5 _
P on
�I ... _.___ --- .. _ ........ .1
---- _ .. ---
stupid, unp no d unre-
searched things. In other
words, YOU SHOULD TAKE
INTELUGENT RISKS. In thi
regard, we recommend you buy
copy of the Black Wealth
Building Guide ( 16.95) from
Potom c Associate 1377 K
Street, , o. 98, ing-
ton, DC, 20005.
Thi guide detail a ho t
of low-ri money making ideas
with potentially large profit
retur s, It was written with
the needs of Blac Americans
in mind,
ext week we will conclude
with J, Paul Getty' remaining
four wealth building rule but
for now we would like to le ve
you with this thought:
"Pre s on. For nothing in
the world can t e the place
of per istence, Talent will not
.. , ; Geniu will not . . . ; Edu­
cation alone will not . . . '
Per istence and determin tion
are all powerful. "
About your bad credit.
• •
By Carol An Ia Davi
OK., you ruined your
credit rating. Gue wh t?
life is not over and clearing
it up i ea ier than you think,
any of u don't apply for
credit cards. e think we'll
be denied becau of tho
past due bills, Well think again
. . . First, you'd be surprised
how many large corporations
don't report your delinquency
to credit bureau 0 one
knows about the delinquency but
you and them chicken! And
second, even if your credit is
bad or you simply have no
credit - there's way to get
credit pretty easily. You can
get a VISA or tercard,
Read on for more details and
for more information nd S2
and a If addre sed amped
envelop to me at Eduf ct ,
JAF Station Box 7889, e
York, .Y. 10116. (M e
ch cks p yable to Edu-f cts).
Hint: The entire article i im­
portant so I'm leaving the be t
for last. Let's begin with TRW.
TRW i one of the larg
credit profile agencies, It act
as a clearinghou for infor­
mation bout individuals and
their credit hi ory. Any bu '­
ne in titution that i interest­
ed in determinng whether or
not you are a good credit '
",ill undoubtedly go fir to
TRW and other encie like it.
Therefore, if your creflt report
is in order, you will gre tly
incre your chance of getting
credit when you need it.
Your credit profile . consist
primarily of inquirie, bank­
ruptcies, credit cards, loan pay­
ment and ju t about anything
el where you've been required
to m e p yrnents. Informat-
ion ays on your profile for
anywhere from 1 to 10 years.
And, for the record, a declina­
tion that's hen you are
declined credit) is an inquiry.
For example, if you are de­
clined a department tore credit
card, thi will show up as an
inquiry. Inquiries usually ay
on your record for a year.
These credit agencies rank·
you according to ho well
you've paid your bills, So,
you should now understand
that it is of the utmost im­
portance that' you get copy
of your credit report!! Find
out exactly how you 100 on
paper. Then, proceed to get
your credit report in order by
first taking care of your obli­
gations to companies that re-
port. Thin may not be a
bad as you thought they were.
ow what about all tho
people who have bad credit
or no credit and ill need a
credit card. Yes, there is relief
for you. There are organiz -
tions that will give you some­
thing called a cured credit
card. It is cured by ecial
bank account that you t up
with a specified sum of money
in it. Your card and credit
limit are ba d on the amount
of money in that account.
The minimum deposit is usually
about 380. This i an excellent
way to rebuild while repairing
credit or to establish ne
credit. With a VISA or aster­
card, you can go to many
department stores and get
'in ant' credit just by present­
ing the VISA or a tercard.
So you quickly e ablish a line
of credit. 0 hopefully you
won't go hog ild with your
new card. If you have bad
credit you auld now know
how to u a credit c rd. any
of th companies that offer
the secured cards simply chec
to e if you are employed and
if you've lived at your present
ddre for at least a year,
After ort period of time
your cured card can be trans­
ferred into a regular credit
card
rite to m for more in­
formation, I'll you nex t
wee when I'll tell you about
a y to study for your G D
or take college cour effective­
ly, conveniently and inexpen­
sively. .. thorne! !
THE CREDIT AND LOAN GUIDE
Did you know that there Ire privlte I nden ho provide
lOins to Ilmost Inyone with I ste dy job, reglrle51 of the per­
sen's-er dlt rating?
A list of those print lenders Is just I smlll bit of the
finlncill self-help informltion in the just rel.lsed guidebook
entitled: The Credit And LOin Guide.
Also IVlillbl in the Guide:
* The Six aest WlYs To Rlise oney Quickly ...
* How To Repllr Your Credit Rltin And QUIlify For
Ijor Credit ClrdS in 90 DIYs
* otivatin Yourself To Finlncill Secur y
But best of III, the Guide is only $11.95. Send check or
money order to Potomac Associates, 1377 UK" Str et, NW,
- Suit. 98, Wlshington, DC 20005.
�---------�------
I YES,' WA 'TTO
I SUSCR'BE
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