Consumer’s brains hurt today. What is to made of bailouts, Icelandic bank failures, the credit crunch and a looming recession? Ramit Sethi, founder of the I Will Teach You to Be Rich blog weighs in on the topic and proposes several clever tactics for credit unions to consider.
He delivers a young adult’s perspective about the tangible benefits credit unions need to sell to non-members and members alike. Using vivid language and straight talk, Ramit provides credit unions unique ideas to cut through the competitive clutter. Let us know what you think by commenting below.
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It’s alright, Ramit. I didn’t joing a credit union until after I’d worked around credit unions for two and a half years. I waited until I saw a deal I couldn’t refuse and I bit.
Great insights.
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I’m actually working with Ramit from iwillteachyoutoberich.com, and he pointed me to this post.
We wanted to hook you up with something cool as a thanks – six free chapters from his new book. Email me at andrewlynch88@gmail.com and I’ll send you the link where you can sign up for it in a few seconds.
Thanks,
Andy
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President-elect Barack Obama asked Congress to release the remaining $350 billion in bank bailout money that’s part of the $700 billion Troubled Asset Relief Program (TARP).The nation’s largest banks have been saying they are going to pay back the bailout funds as soon as possible. Well, it would be good if they were able – the nation’s top banking firms were given billions in installment loans in bailout funds. Former Treasury Secretary Paul O’Neill has insisted all bailed out banks and companies, like Goldman Sachs, were or are all willing to cooperate. Obama has cautioned them not to pay back the funds unless they can afford to, and the stress tests have shown that many of the banks that partook of the TARP program in the economic crisis aren’t quite there yet. They need debt consolidation before they can pay back their bailout funds.
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