Go on! Smile as you pay your credit card bill this month!

If the last story weren’t enough to make you smile, then perhaps this one should do the trick! Most of us are getting high rates of interest on our credit cards! I recently noted that my credit card rate was 19.50% per year! That’s extortionate! So I paid off the entire amount, in protest!

I thought it was time to start looking and when I got word of Smile’s credit cards. The gold card and classic cards are currently offering attractive rates (until June 1st). Perhaps that’s why they were voted so well… Well, we’ll see.

The cards both offered attractive rates, no credit card annual fees, cashback on spending, and upto 46 days interest free periods!

Whoopee! I’m smiling already…

Except. The smile suddenly changes to a frown.

*What credit card doesn’t give us free annual fees? Why on earth would I sign up for a card that does? Why should I pay to spend money? I’ve never understood that one!

*The interest rates are getting jacked up from June 1st (like ten days away!), to, in my case 18.9%p.a. on the classic card, and 14.9% on the gold card (since I don’t have a smile current or checking account).

Yep, Bank of England is really increasing their rates, too! But I don’t remember it being a 2% jump, do you?

*and every card has interest free periods while the statement settles and is mailed out! Don’t they?

So, hey… I’m still smiling because they won the Guardian Consumer Finance Awards from 2002 ~ 2005! But what happened in 2006? And this year? If the rates aren’t that fantastic, what else seems to be the reason for Smile’s popularity as a banking service: and that’s the secret – their service. It seems that they do put customer service above everything else. They cut call automation, they personalize communication, and they train their staff extensively.

So, if you put a smile on your staff’s faces, then putting one on your customers’ shouldn’t be so hard. But those rates are quite high! I know, I’ll get a card from Smile, get nice service, too; and still pay off my credit cards in full!

Then I’ll be really smiling, as I cash my cashback points, have no annual fee, and don’t pay any interest!

This smiling post is brought to you by Smile.

Enertia.com: Build a house, save the environment and line your pockets!

I came across this rather interesting story on the NYTimes blogs by David Pogue: It’s a house that heats and cools itself naturally. While I won’t summarize the story here or indeed post selected contents. To read the story, you can click on this link, but I’ll point out some of the interesting aspects that might make a house like this appeal to investorbloggers.

inertia

The idea of the construction is simply to use an abundant material from a renewable resource to construct a house that itself is environmentally neutral, needing no energy to cool it in summer or warm it in winter. In fact, the temperature is influenced by the convection effect as well as proximity to the ground to cool or warm the house. Traditional insulation is typically avoided in the walls to enhance ‘flow through’ of the convection currents. The secret lies in a wood called southern yellow pine that contains a lot of resin that naturally occurs in the South.

Naturally avoiding the use of heating or cooling systems in houses would help cut fuel bills dramatically, as the home heats and cools itself without depending on electricity or electronic temperature management systems. I’m not sure how much of a traditional utility bill could be eliminated via this kind of house, but even raising base temperatures inside in winter or cooling in summer could significantly reduce the amount of additional heat or cooling required.

Combine this with external resources wind power or solar power to generate electricity for additional uses such as tvs, lighting and other lower power modern tools, and you could have a house that is virtually fuel free. It generates as much power and heating as it needs from completely renewable resources.

If this were not enough, you get them to build albeit a standard form house on your land, from $60K to about $200K (or more for some models), and you’d get a house that would more than likely pay for itself just in fuel bill savings alone. Throw in a unique house on your own land, and you would likely have some price appreciation, and gains in value just for putting the project together. Of course, you’d need to install a solar panel or two and/or a wind turbine (neither of these is cheap), but you’d never have to fork out for utility bills in milder months. And you’d like get tax benefits, subsidies or credits as well!

Would anyone like to comment on typical fuel bills for 2 bedroom houses/apartments in the States per month? I have no idea what these are at all!

My Five Requirements For Investing In A New Business

John Chow’s blog offers some good reading in his post entitled “My Five Requirements For Investing In A New Business“.

A brief summary of his five points are:

  • 1. low startup costs
  • 2. exclusive rights
  • 3. self managing
  • 4. global
  • 5. portable

Right now, I’m very much in favor of that, as the school I’m running is anything but #1, #3 or #4 or #5! In fact, it really isn’t such a smart business to run! It’s not so expensive to start up a small school, but it does require a lot of cash to start up a biggish one. While exclusivity isn’t so much of a problem, the competition is fierce, even though quality is lacking! Self-managing… hah! Global: we’re in the global business market, but we’re anything but! We’re very much a local business, in size, market and scope! And it is not portable! Too many licenses, laws and government departments make sure it is not portable! So an education business isn’t necessarily the smart thing to do, especially if you need teachers, classrooms and bodies on chairs! Mmm.