|
One of the biggest contributors toward personal peace is financial peace. Sometimes it is assumed that financial peace is only for those with endless amounts of money. In actuality, you can be financially secure at almost any income level. Avoiding common financial mistakes is the first step. This article discusses some mistakes that many of us make and how to avoid them.
Can you really build wealth automatically?
The answer is yes... you just need to acquire a new wealth building habit.
You are going to love this habit because you do not even have to remember it... a banking computer remembers the habit for you! How is that possible? Read on and you will soon see.
For several years now, the hottest industry in North America has been real estate. Homes, business facilities, and property are in increasing demand as our economy and populations grow. You can buy just about any property, anywhere, and realize appreciation in its cost within a relatively short period of time.
This article is great because it gives the facts and reality about money.
I keep hearing about people who knew someone in trouble that didn’t act to help. All to often they did nothing because they didn’t believe the property had any equity to save. Worst of all are the would be “Bird Dogs” who say I thought I had an opportunity for you but the owners had no equity! I want to scream!
Maybe it’s the TV infomercial gurus showing all those big checks, implying that people are anxious to give you huge equities just for asking. They didn’t recognize the opportunity! They think opportunity is money lying in the street.
This form assumes you have located a property and its owner/seller, and that you have had my class or read my book “Flipping For Fun And Profit” or read my book “One House At A Time / Finding And Buying Single Family Rentals” or a similar real estate investment program.
As I listened, she explained how upset she was that her employer wrote mostly adjustable rate 100% mortgages and other high loan to value mortgage loans. She was concerned about how the poor buyers were going to be in such trouble when the “sky falls” and the “real estate bubble” burst. Over and over she repeated the media mantra “the sky is falling,” “the sky is falling!” She assured me, rates are going up, payments are going up! I couldn’t argue that rates and payments are not going up, that’s what ARMs do! But, the sky is falling? No way!
In part 1 of “A Consumers Guide To Lease Options” I did my best to discourage your use of this tool. Lease options are in deed very useful if done right.
The infomercials now all imply that you could stay home with their program and make a full time income. This year the real estate “Seminars” are mentioning don’t quit the day job! I think this is just like the TV commercials for the mens’ drugs that warn against the four-hour erection, they don’t say it will happen, but the older men all hear it can happen and are thinking they’re 14 again. The would be real estate investors hear they can quit the day job.
What is the primary reason for success most people have that seems to elude unsuccessful people? Goal setting is the primary reason for success. Lack of proper planning is the number one reason for failure. Proper goal setting involves setting a business plan in place for your life.
So you think you can achieve real estate success, but you’re not really putting any effort. You think it’s all just going to fall into your lap. Well life doesn’t always work out that way. So the best way to find real estate success is by doing something. Just sitting around won’t do you any good. If you are out there trying to do something, then you have a better chance of getting those great deals that are just waiting for you.
One might say there cannot be much success in real estate or it is very difficult. But there is such a thing as success in real estate, as long as you do everything right. So read on if you are a beginner. And if you've already started in real estate, take a look and see if you’ve taken the right steps.
One of the biggest mistakes many entrepreneurs make when leasing commercial space is not reading the lease. Forget reading the fine print. When it comes to a lease its ALL fine print. Don't believe me? Let me tell you the true story of my friend, Homer, whose name I have changed to protect the ignorant.
As a small business person-slash-advice columnist I dread the first quarter of the new year. Not because in my mind my own business fortunes start at zero again every January or because I have already dismissed every New Year’s resolution I made when the clock rang out the New Year. No, the reason I dread the first quarter of the new year is that my email box floods with questions about business taxes and the IRS, my two least favorite subjects on earth. It’s not that I am opposed to paying my fair share of business taxes.
Last week's column on whether you were required to report income earned from eBay sales to the IRS sparked a number of additional questions and comments from eBay sellers who were hoping that I could somehow validate that their eBay activities were mere hobbies instead of actual businesses and therefore not susceptible to IRS taxation.
Let me give you a quick overview of a few of the retirement plans available to small businesses so you at least have an idea of what’s out there before you start your search for a good financial advisor.
Briefly describes how living trusts protect assets for your loved ones.
Why it’s better to have residual income and not solely depend on paycheck income? Residual income by definition is income earned by an individual that are generally coming from his assets at hand. It allows a person not to worry anymore spending 8 hours a day in the office working as his personal assets are now earning money for him.
|
