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Imagine getting a water bill for a property you recently started to develop, one without any house on it yet, expecting to see $0.00 but instead finding $54,176.21. Impossible, yet it happened. And to who… 101 Financial’s very own Alan Akina.
According to Alan’s bill, in a two month period, his water usage spiked from zero to 131,566 gallons a day in the past 76 days. That’s the equivalent of 10 million gallons of water, or 200,000 regular sized bathtubs full of water.
Was there a leak, a diversion of water, a conspiracy, or something else? Hawaii’s KHON2 news went out to investigate. And their report became the top news story for days, and the talk of the town.
Check out the video report on the KHON2 website here. >>
Alan Akina discusses his $54,000 water bill
Aloha,
We are breaking the cycle!
We are Eddie & Louise Auwae. We live on the beautiful island of Maui, on Hawaiian Home Lands in Waiehu.
Life before 101 Financial was very challenging. We too lived paycheck to paycheck. We became experts in juggling our money, by paying more here and less there. I remember clearly making debt promises, promising to pay on a certain date or things would get cut off. It was so embarrassing when our cell phones did get cut off. Our friends and family would say, “Eh, what happen to your phone, no mo’ service”. I would tell them, “ Eh, you get the wrong numba”.
Lenders and financial advisors are always telling you that the first step in making smart financial decisions is to know your credit score. This number, which ranges from 300 to 850, is what lenders look at to decide if they want to give you money and, if they do, how much interest they want to charge.
In order to make this information more open to the public, the government began a program that allows you to get a free annual credit report from one of three qualified providers (Experian, TransUnion, or Equifax). Each of these companies uses a similar algorithm that looks at your payment history, outstanding debts, length of credit history, new credit accounts, and types of credit used to determine your number.
This infographic shows the relative pros and cons of moving your credit card balance from one card to another.
Know what you are getting into before playing this game!
Click on the image to the right to see the full thing.
Alan Akina believes in Financial Peace of Mind for Everyone
Well it’s finally here!
The long awaited 101 Financial Blog. We have had plans to launch our blog for quite some time now, but as you know life can get pretty busy. We are super excited to share our message and unique perspective on the world of personal finance.
We have so much to say, teach and share with you and hope that you can join in the conversation too. We want everyone to become financially educated so that you can make better financial decisions that will take you from “survival-mode” to thriving!
You can expect to get useful financial tips, helpful suggestions, inspirational success stories and updates on the latest financial news that will help you live better, get smarter and to get on with the better things in life.
Read the rest of this entry »
