It is easier to save money than most people think. One way is to fix your credit.
I am not sure whether people do not care or if they do not know that credit can make or break any loan that they may want to take. In addition, the better your credit the better the rate and payments you will get. For example, a person with a FICO of over 720 should find no problem getting a loan. Especially, compared to a person in the low 600s. When taking a loan for real estate, the person with the 720+ will pay hundreds of dollars less per month for the same house compared to those with low FICO scores.
When dealing with people with bad credit, one thing stands out the most; the majority of people are not financially disciplined. Many Americans are living paycheck to paycheck and utilizing too much credit. And buying things they do not need. They act on impulse without any restraint. They live solely for the now and have no thought of the future.
If you are one of the people mentioned in the last paragraph, you need to read this post about discipline. Actually, only the first part is about discipline.
I can tell you all I want about financial responsibility and discipline. But you must do it yourself. I can not make you do anything. As the old saying goes: You can lead a horse to water but you can not make it drink.
Friday, November 30, 2007
Wednesday, November 28, 2007
Network Marketing Can Work
Network marketing works and can work for you too! But it is not easy, it takes a lot of persistence and ambition to be successful and to make money at it.
I work at a mortgage company, Triune Mortgage Inc. as you may know the real estate market is in a slump. And the CFO and COO of the company have looked and found an alternative stream of income. Financial Destination Inc. is a network marketing firm that provides the best services and products I have ever seen from every other network marketing program.
Had you ever done an internet search on network marketing, you would have found out that a bunch of these "opportunities" are just empty promises. For example, some network marketing programs are selling you the opportunity to resell. These programs have no actual valuable product or service. Then there are other companies that sell some exotic juice from deep in the Amazon(insert other far away place here).
The difference between Financial Destination Inc. and other companies are that in FDI there are actual products that help your finances. Through FDI you can get your credit fixed, get your debts payed off quicker without increasing revenue, and even get discounts at eye doctors, pharmacies, dentists, travel, legal plans, and a whole long list of national restaurant, retailers, and everything else.
The business opportunity is an additional benefit. Although I have not personally been as active in the business aspect I have seen others successful at it. Their monthly residual checks are excellent. By signing a few people up for the services, you can get paid every single month. Just for doing something one time.
Like I stated before, if you are not into the business aspect you can use the other benefits and they can still be well worth it. One of my co-workers already used his membership card at the eye doctor's office. He picked up glasses that were going to cost $430 but because he was a FDI member there was a 30% discount. He ended up paying about $308.
If your still interested in network marketing, you have hit a gold mine. FDI is the real deal take a look now. Financial Destination Inc. or look to the links section.
I work at a mortgage company, Triune Mortgage Inc. as you may know the real estate market is in a slump. And the CFO and COO of the company have looked and found an alternative stream of income. Financial Destination Inc. is a network marketing firm that provides the best services and products I have ever seen from every other network marketing program.
Had you ever done an internet search on network marketing, you would have found out that a bunch of these "opportunities" are just empty promises. For example, some network marketing programs are selling you the opportunity to resell. These programs have no actual valuable product or service. Then there are other companies that sell some exotic juice from deep in the Amazon(insert other far away place here).
The difference between Financial Destination Inc. and other companies are that in FDI there are actual products that help your finances. Through FDI you can get your credit fixed, get your debts payed off quicker without increasing revenue, and even get discounts at eye doctors, pharmacies, dentists, travel, legal plans, and a whole long list of national restaurant, retailers, and everything else.
The business opportunity is an additional benefit. Although I have not personally been as active in the business aspect I have seen others successful at it. Their monthly residual checks are excellent. By signing a few people up for the services, you can get paid every single month. Just for doing something one time.
Like I stated before, if you are not into the business aspect you can use the other benefits and they can still be well worth it. One of my co-workers already used his membership card at the eye doctor's office. He picked up glasses that were going to cost $430 but because he was a FDI member there was a 30% discount. He ended up paying about $308.
If your still interested in network marketing, you have hit a gold mine. FDI is the real deal take a look now. Financial Destination Inc. or look to the links section.
Monday, November 26, 2007
It's Time to Buy Real Estate
If you have some cash and good credit, you should be buying real estate. Right Now!
Using Economics 101, it is easy to figure out the basic laws of supply and demand. High supply leads to low demand and low prices. At this moment, the supply of real estate is high and qualified buyers are low. Thanks to the mortgage implosion of 189 lenders found here: The Mortgage Lender Implode-O-Meter, the availability of stated sub-prime loans have disappeared and the lenders have tightened their lending requirements. Thus, filtering out a lot of people that were once qualified for a loan. In addition, there is lower consumer confidence and a shaky view of the economy and the stock market as a whole.
As of September 2007, the National Association of Realtors or reports inventory of housing in the United States at 4,399,000 a 16.3% increase over 2006. Prices have gone down by 4.2% nationally since 2006. (National Association of Realtors, Source)
Now you may be asking yourself, Why should I buy right now? Because many forecasters have stated the market will bottom out in 2008. First, I would say that many forecasters are never exactly correct on their timing. Secondly, if you keep waiting and prices go up again; you will not be getting a great deal. Lastly, prices are low, not as low as in the early 90's but low enough.
Just remember real estate is a local. You may be living in an area where prices are stable or even rising. But for many middle-class and lower-class neighborhoods around the country prices are falling.
Using Economics 101, it is easy to figure out the basic laws of supply and demand. High supply leads to low demand and low prices. At this moment, the supply of real estate is high and qualified buyers are low. Thanks to the mortgage implosion of 189 lenders found here: The Mortgage Lender Implode-O-Meter, the availability of stated sub-prime loans have disappeared and the lenders have tightened their lending requirements. Thus, filtering out a lot of people that were once qualified for a loan. In addition, there is lower consumer confidence and a shaky view of the economy and the stock market as a whole.
As of September 2007, the National Association of Realtors or reports inventory of housing in the United States at 4,399,000 a 16.3% increase over 2006. Prices have gone down by 4.2% nationally since 2006. (National Association of Realtors, Source)
Now you may be asking yourself, Why should I buy right now? Because many forecasters have stated the market will bottom out in 2008. First, I would say that many forecasters are never exactly correct on their timing. Secondly, if you keep waiting and prices go up again; you will not be getting a great deal. Lastly, prices are low, not as low as in the early 90's but low enough.
Just remember real estate is a local. You may be living in an area where prices are stable or even rising. But for many middle-class and lower-class neighborhoods around the country prices are falling.
Saturday, November 24, 2007
Become Financially Free
Want to become financially free?
It does not have to be as hard as you think. You can do it, but you must have a burning desire to do it. People do not change unless they want to change.
First, you must learn discipline. Most people may find it hard to be disciplined. Especially, if your an adult that has been living self-sufficiently and have learned certain habits on your own. But this is a must. Certain people incur massive amounts of debt because of their lack of discipline. They spend wildly, using their credit cards to pay for things they can not afford.
Second, you should learn the difference between good debt and bad debt. In addition, learn to make quality investments with good debt. Bad debt is debt accumulated from purchasing unnecessary goods or services. For example, do you really need that 2nd or 3rd pair of shoes, jeans, or other widget. Good debt is the mortgage on the 30-unit apartment building you own that is earning a monthly positive cash flow.
Third, passive/residual income is a must. Many extremely wealthy people do not really have to work. They have assets and/or investments that make them money every single month without having to do much if any work. Passive income is money that is earned whether you are awake or asleep. Like the example a paragraph above, a landlord would be earning passive income as long as they were not personally managing the property. Assuming the rent and financing numbers made sense, a landlord should always have a positive monthly cashflow.
Becoming financially free is the single most important thing you should want or need is a quality education about finances. Whether it be reading online, offline, or real world experience.
It does not have to be as hard as you think. You can do it, but you must have a burning desire to do it. People do not change unless they want to change.
First, you must learn discipline. Most people may find it hard to be disciplined. Especially, if your an adult that has been living self-sufficiently and have learned certain habits on your own. But this is a must. Certain people incur massive amounts of debt because of their lack of discipline. They spend wildly, using their credit cards to pay for things they can not afford.
Second, you should learn the difference between good debt and bad debt. In addition, learn to make quality investments with good debt. Bad debt is debt accumulated from purchasing unnecessary goods or services. For example, do you really need that 2nd or 3rd pair of shoes, jeans, or other widget. Good debt is the mortgage on the 30-unit apartment building you own that is earning a monthly positive cash flow.
Third, passive/residual income is a must. Many extremely wealthy people do not really have to work. They have assets and/or investments that make them money every single month without having to do much if any work. Passive income is money that is earned whether you are awake or asleep. Like the example a paragraph above, a landlord would be earning passive income as long as they were not personally managing the property. Assuming the rent and financing numbers made sense, a landlord should always have a positive monthly cashflow.
Becoming financially free is the single most important thing you should want or need is a quality education about finances. Whether it be reading online, offline, or real world experience.
Friday, November 16, 2007
Trying to Get Registered
I am currently trying to get registered to some of the blog directory sites at the moment. I will start typing up new content as soon as I get registered. Thank You.
Wednesday, November 14, 2007
The Need to Become Financially Literate
Today, the average American is undereducated in finances. There is a lack of financial education in the school system. And there is difficulty communicating between family and friends because it is normally not "nice, polite, or acceptable" to talk about money. But we must stop this nonsense. To solve problems, people must be able to openly talk about solutions.
We as individuals can not be too dependent on any institution to teach us everything we need to know. For example, I doubt you will ever see or hear any credit card company hold seminars on how you can get out of debt. Because if nobody owed them money, how would they make money? Creditors sole purpose is to help you purchase goods/services now. So later, you can pay them more money.
Now I am not saying we need to take down the credit card companies. Nor am I saying you should pay everything in cash. All I am saying is we must know more about finances so that we can make sound decisions that make financial sense. For instance, it probably makes financial sense to use credit for investments if you are knowledgeable on said investments and at least guarantee that you will not lose money. A bad example would be to use credit to finance your boozing. That is if you were to keep your balances revolving and only make minimum payments for your alcohol purchases.
So, where should I start to get financially literate?
Go to the bookstore or library and expand your "financial I.Q." (as Robert Kiyosaki puts it). Learn about investing, the time-value of money, the economy. And one of the simplest methods is to make a list of your income and expenses. Then at the very least you will be aware of how much you spend on certain things.
I am part of a network marketing program called Financial Destination, Inc. Unlike other network marketing programs, FDI actually provides products that are being sold. The main 4 are MoneyTRAX, EquityTRAX, WealthTRAX, and CreditTRAX. MoneyTRAX helps people plan their finances. EquityTRAX helps people pay their bills off in a way that will get them out of debt faster. WealthTRAX can help people potentially increase their monthly cash flow. And CreditTRAX is a credit restoration program that can potentially boost FICO scores by up to 150 point. Now I know it all sounds too good to be true. But its not. I am probably not as well versed in explaining it so you should go to the source: www.fdirep.com
If you decide to join you must go under somebody like me. You can not join without a referral source, if you have not yet noticed. Go to www.fdirep.com/resilientre or if you are already at the main website enter member #135913
We as individuals can not be too dependent on any institution to teach us everything we need to know. For example, I doubt you will ever see or hear any credit card company hold seminars on how you can get out of debt. Because if nobody owed them money, how would they make money? Creditors sole purpose is to help you purchase goods/services now. So later, you can pay them more money.
Now I am not saying we need to take down the credit card companies. Nor am I saying you should pay everything in cash. All I am saying is we must know more about finances so that we can make sound decisions that make financial sense. For instance, it probably makes financial sense to use credit for investments if you are knowledgeable on said investments and at least guarantee that you will not lose money. A bad example would be to use credit to finance your boozing. That is if you were to keep your balances revolving and only make minimum payments for your alcohol purchases.
So, where should I start to get financially literate?
Go to the bookstore or library and expand your "financial I.Q." (as Robert Kiyosaki puts it). Learn about investing, the time-value of money, the economy. And one of the simplest methods is to make a list of your income and expenses. Then at the very least you will be aware of how much you spend on certain things.
I am part of a network marketing program called Financial Destination, Inc. Unlike other network marketing programs, FDI actually provides products that are being sold. The main 4 are MoneyTRAX, EquityTRAX, WealthTRAX, and CreditTRAX. MoneyTRAX helps people plan their finances. EquityTRAX helps people pay their bills off in a way that will get them out of debt faster. WealthTRAX can help people potentially increase their monthly cash flow. And CreditTRAX is a credit restoration program that can potentially boost FICO scores by up to 150 point. Now I know it all sounds too good to be true. But its not. I am probably not as well versed in explaining it so you should go to the source: www.fdirep.com
If you decide to join you must go under somebody like me. You can not join without a referral source, if you have not yet noticed. Go to www.fdirep.com/resilientre or if you are already at the main website enter member #135913
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