FINANCIAL FREEDOM
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BUILDING FINANCIAL FREEDOM
Does the idea of planning for your financial future seem too complex or confusing? Do you think you can't save money because you're barely making ends meet as it is? All excuses aside, there are two good reasons to
seize control of your finances now:
You can no longer count on your employer or the government to provide for you now or in the future. You must make your own plans.
Financial planning is the key to paying for those big ticket items — buying your own home or funding a college education for your children.
The sooner you start planning for the future, the sooner you'll reap the rewards. Use this guide to help you build your financial freedom.
Establish a Spending Plan
The first step toward financial freedom is establishing a spending plan. The worksheet below will show you how much money you have coming in and going out. Fill in the monthly dollar amounts for each item below.
Then, subtract your total expenditures from your total income.
This is the amount you can save without making any changes in your spending habits. A recommended savings rate is 10% of your take-home pay. If you find that your total is a negative number or is less than you would like
to save, you need to find areas where you can cut spending. Begin by recording all your expenditures for one month (cash, check and credit) in a notebook so you know exactly where your money is going. Look for areas
where you can cut back. Perhaps you can rent videos rather than going to the movies, cut down on your dry cleaning bill, use coupons at the grocery store, carpool to work or take your lunch rather than eating out.
Once you have determined how much you can save each month, enter this amount on your worksheet as one of your permanent expenditures. Pay yourself first by setting aside your savings when you receive your paycheck,
before you have a chance to spend the money on anything else. It helps to have savings automatically deducted from your paycheck or checking account. Don’t get discouraged if an emergency cuts into your savings. Just
get back on track the following month.
Does the idea of planning for your financial future seem too complex or confusing? Do you think you can't save money because you're barely making ends meet as it is? All excuses aside, there are two good reasons to
seize control of your finances now:
You can no longer count on your employer or the government to provide for you now or in the future. You must make your own plans.
Financial planning is the key to paying for those big ticket items — buying your own home or funding a college education for your children.
The sooner you start planning for the future, the sooner you'll reap the rewards. Use this guide to help you build your financial freedom.
Establish a Spending Plan
The first step toward financial freedom is establishing a spending plan. The worksheet below will show you how much money you have coming in and going out. Fill in the monthly dollar amounts for each item below.
Then, subtract your total expenditures from your total income.
This is the amount you can save without making any changes in your spending habits. A recommended savings rate is 10% of your take-home pay. If you find that your total is a negative number or is less than you would like
to save, you need to find areas where you can cut spending. Begin by recording all your expenditures for one month (cash, check and credit) in a notebook so you know exactly where your money is going. Look for areas
where you can cut back. Perhaps you can rent videos rather than going to the movies, cut down on your dry cleaning bill, use coupons at the grocery store, carpool to work or take your lunch rather than eating out.
Once you have determined how much you can save each month, enter this amount on your worksheet as one of your permanent expenditures. Pay yourself first by setting aside your savings when you receive your paycheck,
before you have a chance to spend the money on anything else. It helps to have savings automatically deducted from your paycheck or checking account. Don’t get discouraged if an emergency cuts into your savings. Just
get back on track the following month.
Investing Your Money
Once you’ve acquired the basics, you’re ready to consider some financial vehicles that will help your money grow over the long term. To increase your spending power, you must look for an investment that will earn enough
to outpace the rising cost of living. For example, if a savings account earns 4% interest and the rate of inflation is also 4%, your savings will not increase in value at all. And, if the rate of inflation were to rise, your savings
might actually decline in value. Realize, however, that not all investments will make money, and some are very risky.
Assess Your Level of Risk Tolerance
The following questionnaire is designed to help you assess your level of risk tolerance. Questionnaire results can serve as a guide to choosing the investments that complement your financial goals. Discuss the results with
your financial advisor.
No matter what type of investor you are, it is important to diversify. That means distributing your money across different types of investments so that you’re not putting all your eggs in one basket. You may place some of your
funds in conservative financial vehicles with a guaranteed rate of return, while putting additional money in aggressive investments that carry more risk but have a possibility of greater returns.
Types of Investments
Here's a quick guide to some of the investment options available to you:
Savings Accounts. Such accounts are a good place to store your emergency funds. They are generally insured by the FDIC up to $100,000 for all deposits at one institution and provide easy access to your money. The
chief drawback is that interest rates tend to be low.
Money Market Deposit Accounts. These accounts usually earn slightly higher interest than a savings account but still allow easy access to your money. Some banks and financial institutions require an initial deposit of
$1,000 or more and limit the number of withdrawals or transfers you can make during a given period of time.
CDs (Certificates of Deposit). CDs usually earn more interest than a savings account and are a very low-risk financial vehicle. They are generally insured up to $100,000 by the FDIC for all deposits at one institution. You
agree to keep your money on deposit for a fixed period of time. Usually, the longer the term, the higher the interest rate. There may be penalties for early withdrawal.
401(k) Plans. If your employer offers a 401(k) plan, it may be one of the best retirement vehicles available to you. A 401(k) is a retirement savings plan to which you can contribute a certain percentage of your gross
income. However, contributions to a 401(k) and certain other qualified deferred compensation arrangements cannot exceed $10,500 in 2001, and are scheduled to gradually increase to $15,000 in 2006. Typically with a
401(k) plan you have several investment options from which to choose, including stocks, bonds, mutual funds or CDs.
Your employer may contribute matching funds to your 401(k) plan. For example, your employer may match 50% of your contribution for any amount up to 5% of your compensation. That means an additional 50%
contribution on the first 5% you contribute to your plan. That’s also why 401(k)s are so highly recommended by financial advisors.
Contributions made to a 401(k) should reduce your current income taxes as well. You do defer paying income tax on the contributions you make. Likewise, the earnings in your 401(k) grow tax-deferred until the money is
withdrawn. Income tax is due when the money is withdrawn. If you withdraw money before you turn 591/2, however, you may also be subject to a 10% IRS penalty.
While withdrawals are generally not permitted, certain 401(k) plans may permit withdrawals for "hardship" reasons, such as medical emergencies or college tuition. Tou do pay income tax on the amount withdrawn, and a
20% mandatory withholding generally is required from the distribution. Moreover, the hardship distribution may also be subject to the 10% IRS penalty.
403(b) Tax Sheltered Annuities (TSAs). Similar to a 401(k) plan, TSAs are retirement plans for nonprofit organizations such as schools, hospitals or social service agencies. These plans allow you to set aside a
portion of your pay on a pretax basis and the money invested in a TSA grows free from taxation until such time as you withdraw the money.
Withdrawing money from your 403(b) plan before age 591/2 is generally prohibited. But there are exceptions. Certain 403(b) plans permit hardship exceptions such as the purchase of a primary residence or college tuition.
If you qualify for a hardship withdrawal, you will still pay a 10% early withdrawal penalty plus regular taxes. The maximum amount you can contribute to a TSA is determined by how much you make, how long you’ve
worked for your current employer and the amount you contributed in prior years.
Individual Retirement Arrangements (IRAs). IRAs were established to encourage people to save for retirement. Subject to certain limitations, an individual generally may be able to contribute the lesser of the
amounts shown below or 100% of your compensation to an IRA, and the earnings grow tax deferred until you begin withdrawals. Additionally if you are age 50 and over, you are permitted to make catch-up contributions to
your IRA for years that you did not fully invest.
You may contribute an extra $500 per year through 2005 and an extra $1,000 per year in 2006 and beyond. Your annual contribution may also be fully or partially deductible, depending on your income level and whether
you are covered by another retirement plan. As with 401(k) and 403(b) plans, you may be subject to a 10% IRS penalty for premature withdrawals (generally before the age of 591/2), in addition to the income tax. You may
have a choice of investment options for your IRA, including stocks, bonds, mutual funds or CDs. Keep in mind that your money must be in an IRA-approved account and that it must be designated as an IRA
Keogh Plans. Keoghs are retirement plans for people who are self-employed. Usually a maximum of 25% of your net income (or a maximum of $40,000) can be contributed to these plans on a tax-deferred basis. Keoghs
are more complicated than an IRA, 401(k) or 403(b), so get tax advice before setting up a plan.
Stocks. When you buy stocks, you acquire shares of a company’s assets. If the company does well, you may receive periodic dividends and/or be able to sell your stock at a profit. If the company does poorly, the stock price
may fall and you could lose some or all of the money you invested.
Bonds. When you purchase a bond, you are essentially loaning money to a corporation, the U.S. government or a local government for a certain period of time, called a term. The bond certificate promises that the
issuing entity will repay you on a specified date with a fixed rate of interest. Bond terms can range from a few months to 30 years.
Bonds are generally considered a safer investment than stocks because bondholders are paid before stockholders if a company becomes insolvent. Independent bond-rating agencies such as Standard & Poor’s and Moody’s
rate the likelihood that any given bond will default. You can find bond ratings in each agency’s publications at your local library.
Although there are no penalties for selling a bond before the end of its term, the value of the bond is subject to interest rate fluctuations. If interest rates have risen since you bought your bond, you may have to sell it at less
than face value. It is also possible that the bond’s yield will turn out to be less than the rate of inflation.
Some of the bonds available include:
Savings bonds, Treasury bills(commonly called T-bills) and other securities issued by the U.S. government.
Zero coupon bonds, which are similar to savings bonds. No periodic payments of interest are made. The bonds are bought at a discount and are worth their face value upon maturity.
Municipal bonds (munis), which are sold by states, cities and other local governments. They are often tax exempt, which means you will pay no taxes on the interest earned.
Insured bonds, which are less risky but generally pay lower interest rates because of the protection.
Convertible bonds, which can be converted into stock.
High-yield bonds, commonly referred to as junk bonds, which are issued by corporations or governments with low ratings. They are very risky.
Mutual Funds. A mutual fund is generally a professionally managed pool of money from a group of investors. A mutual fund manager invests your funds in securities, including stocks and bonds, money market instruments or
some combination and decides the best time to buy and sell. By pooling your resources with other investors in a mutual fund, you can diversify even a small investment over a wide spectrum, which should reduce risk.
There are many types of mutual funds with varying degrees of risk. Most mutual funds charge fees, and you often pay income tax on your profits. Tax rules can be complicated, requiring professional advice.
Annuities. Annuities may be deferred or immediate. Both are financial contracts you make with an insurance company. However, a deferred annuity helps you accumulate money for retirement, while an immediate
annuity provides you with a steady stream of retirement income in return for your money.
With a deferred annuity you put money in, and over time it accrues income and interest. The payout occurs at some later date, when you receive a steady stream of payments to supplement your other income. The
contributions you make to a non-qualified annuity are not tax-deductible. Contributions to a qualified annuity that is funding an IRA, 401(k), 403(b) or other qualified plan may be before tax or tax deductible.
However, taxes on the earnings in the annuity are deferred until you begin receiving payments. Because annuities are generally administered by insurance companies, they can be set up to include life insurance benefits,
such as a death benefit to a surviving spouse.
Immediate annuities are usually purchased with one lump sum payment and then begin an immediate payout. You receive payment on a monthly or other regular basis, giving you needed income.
You can generally choose to have the payouts guaranteed by the issuer for as long as you live or choose from a number of other payment options.
Both deferred and immediate annuities can be either fixed or variable. The issuer of a fixed annuity guarantees a fixed rate of interest (deferred) or a fixed payment (immediate). Although you are protected from any
downturn in the market, you won’t benefit from any upswings. A variable annuity can earn a flexible rate (deferred) or pay a variable payment (immediate) depending on the performance of the underlying investment
options you choose. Variable annuities are designed to accumulate money or provide an income stream that hopefully will rise over time to keep pace with inflation.
However, there is some risk involved if the market does poorly during the time your money is invested.
Annuities can be a complicated investment, so discuss them with a qualified financial advisor to make sure you understand all the options and make the smartest decisions for your financial needs.
Your Home. Your home may be the largest investment you will make during your lifetime. The market value of your home is determined by such
Once you’ve acquired the basics, you’re ready to consider some financial vehicles that will help your money grow over the long term. To increase your spending power, you must look for an investment that will earn enough
to outpace the rising cost of living. For example, if a savings account earns 4% interest and the rate of inflation is also 4%, your savings will not increase in value at all. And, if the rate of inflation were to rise, your savings
might actually decline in value. Realize, however, that not all investments will make money, and some are very risky.
Assess Your Level of Risk Tolerance
The following questionnaire is designed to help you assess your level of risk tolerance. Questionnaire results can serve as a guide to choosing the investments that complement your financial goals. Discuss the results with
your financial advisor.
No matter what type of investor you are, it is important to diversify. That means distributing your money across different types of investments so that you’re not putting all your eggs in one basket. You may place some of your
funds in conservative financial vehicles with a guaranteed rate of return, while putting additional money in aggressive investments that carry more risk but have a possibility of greater returns.
Types of Investments
Here's a quick guide to some of the investment options available to you:
Savings Accounts. Such accounts are a good place to store your emergency funds. They are generally insured by the FDIC up to $100,000 for all deposits at one institution and provide easy access to your money. The
chief drawback is that interest rates tend to be low.
Money Market Deposit Accounts. These accounts usually earn slightly higher interest than a savings account but still allow easy access to your money. Some banks and financial institutions require an initial deposit of
$1,000 or more and limit the number of withdrawals or transfers you can make during a given period of time.
CDs (Certificates of Deposit). CDs usually earn more interest than a savings account and are a very low-risk financial vehicle. They are generally insured up to $100,000 by the FDIC for all deposits at one institution. You
agree to keep your money on deposit for a fixed period of time. Usually, the longer the term, the higher the interest rate. There may be penalties for early withdrawal.
401(k) Plans. If your employer offers a 401(k) plan, it may be one of the best retirement vehicles available to you. A 401(k) is a retirement savings plan to which you can contribute a certain percentage of your gross
income. However, contributions to a 401(k) and certain other qualified deferred compensation arrangements cannot exceed $10,500 in 2001, and are scheduled to gradually increase to $15,000 in 2006. Typically with a
401(k) plan you have several investment options from which to choose, including stocks, bonds, mutual funds or CDs.
Your employer may contribute matching funds to your 401(k) plan. For example, your employer may match 50% of your contribution for any amount up to 5% of your compensation. That means an additional 50%
contribution on the first 5% you contribute to your plan. That’s also why 401(k)s are so highly recommended by financial advisors.
Contributions made to a 401(k) should reduce your current income taxes as well. You do defer paying income tax on the contributions you make. Likewise, the earnings in your 401(k) grow tax-deferred until the money is
withdrawn. Income tax is due when the money is withdrawn. If you withdraw money before you turn 591/2, however, you may also be subject to a 10% IRS penalty.
While withdrawals are generally not permitted, certain 401(k) plans may permit withdrawals for "hardship" reasons, such as medical emergencies or college tuition. Tou do pay income tax on the amount withdrawn, and a
20% mandatory withholding generally is required from the distribution. Moreover, the hardship distribution may also be subject to the 10% IRS penalty.
403(b) Tax Sheltered Annuities (TSAs). Similar to a 401(k) plan, TSAs are retirement plans for nonprofit organizations such as schools, hospitals or social service agencies. These plans allow you to set aside a
portion of your pay on a pretax basis and the money invested in a TSA grows free from taxation until such time as you withdraw the money.
Withdrawing money from your 403(b) plan before age 591/2 is generally prohibited. But there are exceptions. Certain 403(b) plans permit hardship exceptions such as the purchase of a primary residence or college tuition.
If you qualify for a hardship withdrawal, you will still pay a 10% early withdrawal penalty plus regular taxes. The maximum amount you can contribute to a TSA is determined by how much you make, how long you’ve
worked for your current employer and the amount you contributed in prior years.
Individual Retirement Arrangements (IRAs). IRAs were established to encourage people to save for retirement. Subject to certain limitations, an individual generally may be able to contribute the lesser of the
amounts shown below or 100% of your compensation to an IRA, and the earnings grow tax deferred until you begin withdrawals. Additionally if you are age 50 and over, you are permitted to make catch-up contributions to
your IRA for years that you did not fully invest.
You may contribute an extra $500 per year through 2005 and an extra $1,000 per year in 2006 and beyond. Your annual contribution may also be fully or partially deductible, depending on your income level and whether
you are covered by another retirement plan. As with 401(k) and 403(b) plans, you may be subject to a 10% IRS penalty for premature withdrawals (generally before the age of 591/2), in addition to the income tax. You may
have a choice of investment options for your IRA, including stocks, bonds, mutual funds or CDs. Keep in mind that your money must be in an IRA-approved account and that it must be designated as an IRA
Keogh Plans. Keoghs are retirement plans for people who are self-employed. Usually a maximum of 25% of your net income (or a maximum of $40,000) can be contributed to these plans on a tax-deferred basis. Keoghs
are more complicated than an IRA, 401(k) or 403(b), so get tax advice before setting up a plan.
Stocks. When you buy stocks, you acquire shares of a company’s assets. If the company does well, you may receive periodic dividends and/or be able to sell your stock at a profit. If the company does poorly, the stock price
may fall and you could lose some or all of the money you invested.
Bonds. When you purchase a bond, you are essentially loaning money to a corporation, the U.S. government or a local government for a certain period of time, called a term. The bond certificate promises that the
issuing entity will repay you on a specified date with a fixed rate of interest. Bond terms can range from a few months to 30 years.
Bonds are generally considered a safer investment than stocks because bondholders are paid before stockholders if a company becomes insolvent. Independent bond-rating agencies such as Standard & Poor’s and Moody’s
rate the likelihood that any given bond will default. You can find bond ratings in each agency’s publications at your local library.
Although there are no penalties for selling a bond before the end of its term, the value of the bond is subject to interest rate fluctuations. If interest rates have risen since you bought your bond, you may have to sell it at less
than face value. It is also possible that the bond’s yield will turn out to be less than the rate of inflation.
Some of the bonds available include:
Savings bonds, Treasury bills(commonly called T-bills) and other securities issued by the U.S. government.
Zero coupon bonds, which are similar to savings bonds. No periodic payments of interest are made. The bonds are bought at a discount and are worth their face value upon maturity.
Municipal bonds (munis), which are sold by states, cities and other local governments. They are often tax exempt, which means you will pay no taxes on the interest earned.
Insured bonds, which are less risky but generally pay lower interest rates because of the protection.
Convertible bonds, which can be converted into stock.
High-yield bonds, commonly referred to as junk bonds, which are issued by corporations or governments with low ratings. They are very risky.
Mutual Funds. A mutual fund is generally a professionally managed pool of money from a group of investors. A mutual fund manager invests your funds in securities, including stocks and bonds, money market instruments or
some combination and decides the best time to buy and sell. By pooling your resources with other investors in a mutual fund, you can diversify even a small investment over a wide spectrum, which should reduce risk.
There are many types of mutual funds with varying degrees of risk. Most mutual funds charge fees, and you often pay income tax on your profits. Tax rules can be complicated, requiring professional advice.
Annuities. Annuities may be deferred or immediate. Both are financial contracts you make with an insurance company. However, a deferred annuity helps you accumulate money for retirement, while an immediate
annuity provides you with a steady stream of retirement income in return for your money.
With a deferred annuity you put money in, and over time it accrues income and interest. The payout occurs at some later date, when you receive a steady stream of payments to supplement your other income. The
contributions you make to a non-qualified annuity are not tax-deductible. Contributions to a qualified annuity that is funding an IRA, 401(k), 403(b) or other qualified plan may be before tax or tax deductible.
However, taxes on the earnings in the annuity are deferred until you begin receiving payments. Because annuities are generally administered by insurance companies, they can be set up to include life insurance benefits,
such as a death benefit to a surviving spouse.
Immediate annuities are usually purchased with one lump sum payment and then begin an immediate payout. You receive payment on a monthly or other regular basis, giving you needed income.
You can generally choose to have the payouts guaranteed by the issuer for as long as you live or choose from a number of other payment options.
Both deferred and immediate annuities can be either fixed or variable. The issuer of a fixed annuity guarantees a fixed rate of interest (deferred) or a fixed payment (immediate). Although you are protected from any
downturn in the market, you won’t benefit from any upswings. A variable annuity can earn a flexible rate (deferred) or pay a variable payment (immediate) depending on the performance of the underlying investment
options you choose. Variable annuities are designed to accumulate money or provide an income stream that hopefully will rise over time to keep pace with inflation.
However, there is some risk involved if the market does poorly during the time your money is invested.
Annuities can be a complicated investment, so discuss them with a qualified financial advisor to make sure you understand all the options and make the smartest decisions for your financial needs.
Your Home. Your home may be the largest investment you will make during your lifetime. The market value of your home is determined by such
Other Ways to Build Your Financial Freedom
Social Security. You’ve paid into it most of your life, so don’t forget to include it in your financial planning. The income you receive when you reach the eligibility age (e.g., 65) is based on the average of your 35
highest salary years. You also can collect 80% of your benefit at age 62. If you die, your spouse may be entitled to your benefits. The age at which you can collect full benefits is currently scheduled to increase
gradually to 67. You can check the record of your earnings and get a statement of your anticipated benefits by calling Social Security at 800/772-1213.
Life Insurance.
Life insurance can help to financially protect your loved ones in the event of your death. It’s important if you are married and even more important if you have dependent children. There are several types of life
insurance:
Term life insurance pays a fixed amount of money to your beneficiary if you die during the term of the policy. The cost of premiums increases as you get older.
Whole life insurance is permanent insurance that provides a death benefit that is guaranteed for the insured's life as long as premiums are paid. Participating policies may pay dividends that can increase the
policy's cash value, but they are not guaranteed.
Universal life insurance is considered a variation of whole life insurance with more flexibility. Within limits, the policy owner determines the amount and frequency of his or her premium payments and is
permitted to adjust the policy face amount up or down to reflect changes in his or her needs. As premiums are paid and cash values accumulate, interest is credited to the policy's accumulation fund.
Variable Life Insurance is similar to universal life in that there is flexibility in connection with premium payments and death benefits. However, with variable life, premium payments are held in separate
accounts, and the policy owner chooses how the cash value will be invested. Consequently, such a policy's cash value will fluctuate with the performance of the chosen investment portfolios.
Health Insurance.
Health coverage protects you in case of sickness or injury. Without it you run the risk of being financially wiped out by just one serious illness or accident. Most people receive subsidized health benefits through
their employer, but coverage can also be purchased as an individual.
Disability Insurance. This is probably one of the most overlooked forms of insurance for working-age people. Disability coverage replaces a portion of your income when you can't work because of illness or
injury. Most policies replace 60% to 80% of your income. (You also may receive income from Social Security for certain disabilities, or from Workers Compensation if you are injured on the job.) If your employer
provides a 60% disability policy, you might want to consider a supplemental policy covering 20% of your income.
Long Term Care Insurance.
Long Term Care insurance is designed to help pay for nursing home care, assisted living care or home health care expenses. This fast growing type of insurance can protect you and your assets against the high
cost of long-term care. Most policies pay benefits when long-term care is prescribed by a physician as medically necessary or when someone can no longer physically or mentally take care of basic needs.
Homeowners Insurance.
Homeowners coverage protects your financial investment in your home. It provides compensation for damages to your home and its contents, and it may protect you from financial liability if someone is injured on
your property. The extent and amount of coverage needed depends on your situation, but if you can afford it, it is wise to insure your home for 100% of its replacement cost.
Auto Insurance.
Auto insurance is more than a matter of insuring your vehicle for loss or repairs after an accident. It is a financial safety net that can help you offset the cost of bodily injuries to yourself or others, lost wages due to
injury, and lawsuits brought against you as the result of an accident. Most states require the purchase of basic coverage and then you determine the additional insurance you need.
Estate Planning.
Another way to safeguard your family’s financial future is through estate planning. Generally, estate planning includes taking an inventory of your assets and making a will or establishing a trust, with an emphasis on
minimizing taxes. Estate planning is very complex and subject to changing laws. You may want to seek professional advice.
Do You Need a Financial Advisor?
If you need help with your blueprint for the future, you may want to consult a financial advisor, a CPA or even a lawyer who can give you advice on everything from budgeting, taxes, retirement and estate planning
to investments, insurance and real estate.
Some financial advisors charge you no fee; instead they make a commission on the financial vehicles that they sell you. Other advisors are fee-only, which means they charge you for their services but do not make
a commission on financial products you buy. Still others charge a fee for providing the financial plan and may also receive commissions if they sell you any products.
Shop around and talk to several financial advisors. Be sure you feel comfortable with them and can understand their explanations. Ask for their credentials. One credential is a Certified Financial Planner (CFP)
designation, which means the planner has taken a series of courses in financial planning, has passed an exam, has at least three years experience and takes continuing education courses each year. Other
designations include Chartered Financial Consultant (ChFC), Certified Public Accountant (CPA) and Registered Financial Planner (RFP). Investment advisors and broker/dealers may also be regulated by the state.
The Securities and Exchange Commission (SEC) regulates broker/dealers and some investment advisors. Individuals associated with these firms generally must pass certain licensing examinations.
Brokers vs. Online Services
If you plan to buy stocks or bonds as part of your investment portfolio, you will need to either choose a broker (full service or discount) or sign-up for an online service.
A broker is a licensed professional who monitors investments and gives advice on stock purchases for a fee. The fee can be either a percentage of your portfolio or a per transaction fee. Brokers may also make
commissions on some of the investments they sell. Before selecting a broker, make sure your candidate is part of the Securities Investor Protection Corporation (SIPC), a nonprofit corporation that can protect your
interests up to $500,000 if the broker should become insolvent. Also call the National Association of Securities Dealers’ (NASD) toll-free hotline at 1-800/289-9999. The NASD can tell you if there has been any
disciplinary action against a particular brokerage firm or sales representative.
Discount brokerage houses generally have lower fees than those touted as full-service. They employ brokers who, primarily, are order takers and may, or may not, give investment advice. If you use a discount broker,
be sure you are well-informed about stocks and can make your own investment decisions.
Online services allow you to buy your own stocks, bonds, and mutual funds for significantly lowered fees, but not without risk. Although research is available, you are making your own investment decisions. Most
online services provide varying levels of research, news and customer service. You should also become familiar with the online brokerage commission schedule and fees before joining or trading through an online
service. Keep in mind, too, that some online services offer delayed quotes, others have real time quotes; some excel at customer service and, for others, it may be nonexistent. Online services have different levels
of strengths so, again, be well-informed before using one.
However you decide to buy stocks, from a full service broker, discount broker or online service, research each option carefully and make sure it meets your investment needs.
Tips for Investors
Shop around. Compare the products and fees of various banks, financial planners, brokers and investment houses.
Ask questions. All investments carry some degree of risk, so you should fully understand what you are getting into.
Ask for a written explanation of products, operations and fees.
Educate yourself. Spend some time at your local library gathering information. Read investment and financial publications such as the Wall Street Journal, Barron's, Investor's Business Daily, Money, Smart
Money, Forbes and the monthly Standard & Poor's Stock Reports. Moody's Investors Service also has manuals that contain financial information on thousands of companies.
Get advice. A financial advisor, your accountant or tax advisor are all good sources of information to help you understand the choices you are making and what your risks will be. Make sure any salesperson or
advisor understands your goals and how much risk you are willing to assume.
Don't buy stocks or other investments pitched to you over the telephone. And never let a salesperson pressure you into acting immediately.
Be suspicious if a salesperson promises a spectacular rate of return. If it seems too good to be true, it probably is.
Don't put all your eggs in one basket. Diversification — distributing your money across different types of investments — is the key to sound investing.
Never invest in a product you don't fully understand.
Finally, re-evaluate your financial plan regularly. Also, stop and review your plan whenever you marry, divorce, have a child, buy a home or retire.
For More Information
Social Security. You’ve paid into it most of your life, so don’t forget to include it in your financial planning. The income you receive when you reach the eligibility age (e.g., 65) is based on the average of your 35
highest salary years. You also can collect 80% of your benefit at age 62. If you die, your spouse may be entitled to your benefits. The age at which you can collect full benefits is currently scheduled to increase
gradually to 67. You can check the record of your earnings and get a statement of your anticipated benefits by calling Social Security at 800/772-1213.
Life Insurance.
Life insurance can help to financially protect your loved ones in the event of your death. It’s important if you are married and even more important if you have dependent children. There are several types of life
insurance:
Term life insurance pays a fixed amount of money to your beneficiary if you die during the term of the policy. The cost of premiums increases as you get older.
Whole life insurance is permanent insurance that provides a death benefit that is guaranteed for the insured's life as long as premiums are paid. Participating policies may pay dividends that can increase the
policy's cash value, but they are not guaranteed.
Universal life insurance is considered a variation of whole life insurance with more flexibility. Within limits, the policy owner determines the amount and frequency of his or her premium payments and is
permitted to adjust the policy face amount up or down to reflect changes in his or her needs. As premiums are paid and cash values accumulate, interest is credited to the policy's accumulation fund.
Variable Life Insurance is similar to universal life in that there is flexibility in connection with premium payments and death benefits. However, with variable life, premium payments are held in separate
accounts, and the policy owner chooses how the cash value will be invested. Consequently, such a policy's cash value will fluctuate with the performance of the chosen investment portfolios.
Health Insurance.
Health coverage protects you in case of sickness or injury. Without it you run the risk of being financially wiped out by just one serious illness or accident. Most people receive subsidized health benefits through
their employer, but coverage can also be purchased as an individual.
Disability Insurance. This is probably one of the most overlooked forms of insurance for working-age people. Disability coverage replaces a portion of your income when you can't work because of illness or
injury. Most policies replace 60% to 80% of your income. (You also may receive income from Social Security for certain disabilities, or from Workers Compensation if you are injured on the job.) If your employer
provides a 60% disability policy, you might want to consider a supplemental policy covering 20% of your income.
Long Term Care Insurance.
Long Term Care insurance is designed to help pay for nursing home care, assisted living care or home health care expenses. This fast growing type of insurance can protect you and your assets against the high
cost of long-term care. Most policies pay benefits when long-term care is prescribed by a physician as medically necessary or when someone can no longer physically or mentally take care of basic needs.
Homeowners Insurance.
Homeowners coverage protects your financial investment in your home. It provides compensation for damages to your home and its contents, and it may protect you from financial liability if someone is injured on
your property. The extent and amount of coverage needed depends on your situation, but if you can afford it, it is wise to insure your home for 100% of its replacement cost.
Auto Insurance.
Auto insurance is more than a matter of insuring your vehicle for loss or repairs after an accident. It is a financial safety net that can help you offset the cost of bodily injuries to yourself or others, lost wages due to
injury, and lawsuits brought against you as the result of an accident. Most states require the purchase of basic coverage and then you determine the additional insurance you need.
Estate Planning.
Another way to safeguard your family’s financial future is through estate planning. Generally, estate planning includes taking an inventory of your assets and making a will or establishing a trust, with an emphasis on
minimizing taxes. Estate planning is very complex and subject to changing laws. You may want to seek professional advice.
Do You Need a Financial Advisor?
If you need help with your blueprint for the future, you may want to consult a financial advisor, a CPA or even a lawyer who can give you advice on everything from budgeting, taxes, retirement and estate planning
to investments, insurance and real estate.
Some financial advisors charge you no fee; instead they make a commission on the financial vehicles that they sell you. Other advisors are fee-only, which means they charge you for their services but do not make
a commission on financial products you buy. Still others charge a fee for providing the financial plan and may also receive commissions if they sell you any products.
Shop around and talk to several financial advisors. Be sure you feel comfortable with them and can understand their explanations. Ask for their credentials. One credential is a Certified Financial Planner (CFP)
designation, which means the planner has taken a series of courses in financial planning, has passed an exam, has at least three years experience and takes continuing education courses each year. Other
designations include Chartered Financial Consultant (ChFC), Certified Public Accountant (CPA) and Registered Financial Planner (RFP). Investment advisors and broker/dealers may also be regulated by the state.
The Securities and Exchange Commission (SEC) regulates broker/dealers and some investment advisors. Individuals associated with these firms generally must pass certain licensing examinations.
Brokers vs. Online Services
If you plan to buy stocks or bonds as part of your investment portfolio, you will need to either choose a broker (full service or discount) or sign-up for an online service.
A broker is a licensed professional who monitors investments and gives advice on stock purchases for a fee. The fee can be either a percentage of your portfolio or a per transaction fee. Brokers may also make
commissions on some of the investments they sell. Before selecting a broker, make sure your candidate is part of the Securities Investor Protection Corporation (SIPC), a nonprofit corporation that can protect your
interests up to $500,000 if the broker should become insolvent. Also call the National Association of Securities Dealers’ (NASD) toll-free hotline at 1-800/289-9999. The NASD can tell you if there has been any
disciplinary action against a particular brokerage firm or sales representative.
Discount brokerage houses generally have lower fees than those touted as full-service. They employ brokers who, primarily, are order takers and may, or may not, give investment advice. If you use a discount broker,
be sure you are well-informed about stocks and can make your own investment decisions.
Online services allow you to buy your own stocks, bonds, and mutual funds for significantly lowered fees, but not without risk. Although research is available, you are making your own investment decisions. Most
online services provide varying levels of research, news and customer service. You should also become familiar with the online brokerage commission schedule and fees before joining or trading through an online
service. Keep in mind, too, that some online services offer delayed quotes, others have real time quotes; some excel at customer service and, for others, it may be nonexistent. Online services have different levels
of strengths so, again, be well-informed before using one.
However you decide to buy stocks, from a full service broker, discount broker or online service, research each option carefully and make sure it meets your investment needs.
Tips for Investors
Shop around. Compare the products and fees of various banks, financial planners, brokers and investment houses.
Ask questions. All investments carry some degree of risk, so you should fully understand what you are getting into.
Ask for a written explanation of products, operations and fees.
Educate yourself. Spend some time at your local library gathering information. Read investment and financial publications such as the Wall Street Journal, Barron's, Investor's Business Daily, Money, Smart
Money, Forbes and the monthly Standard & Poor's Stock Reports. Moody's Investors Service also has manuals that contain financial information on thousands of companies.
Get advice. A financial advisor, your accountant or tax advisor are all good sources of information to help you understand the choices you are making and what your risks will be. Make sure any salesperson or
advisor understands your goals and how much risk you are willing to assume.
Don't buy stocks or other investments pitched to you over the telephone. And never let a salesperson pressure you into acting immediately.
Be suspicious if a salesperson promises a spectacular rate of return. If it seems too good to be true, it probably is.
Don't put all your eggs in one basket. Diversification — distributing your money across different types of investments — is the key to sound investing.
Never invest in a product you don't fully understand.
Finally, re-evaluate your financial plan regularly. Also, stop and review your plan whenever you marry, divorce, have a child, buy a home or retire.
For More Information
FINANCIAL FREEDOM: A SMARTEST WAY TO PREPARE A BETTER FUTURE IS TO PLAN TODAY TO OBTAIN A COMPLETE FINANCIAL FREEDOM.
| BUYING, SELLING, LEASING A PROPERTY IN SOUTH FLORIDA. PLEASE CALL A PROFESSIONAL REALTOR AT: 786-709-6577.----Fortune International Realty IMPORTANT TOOLS ARE NEEDED TO SUCCEED IN REAL ESTATE INVESTMENTS. The real estate market can be lucrative, but only if you are armed with information and skills to take advantages of wealth-creating opportunities. Come to see us or call us to learn what you need to know to become a successful real estate investor. We are well equipped to assist you! |
| YOUR PATH TO WEALTH STARTS RIGHT NOW. JUST TAKE ACTION! It's a fact: today, anyone can become a millionaire – In the history of the world, there has never been a better time to create wealth than right here, right now in real estate. What if you could get some expert help? What if you could learn the wealth building techniques, strategies and secrets of investments ? What if you could learn directly from experience professional. WWW.KNOWLEDGEFINANCIAL.COM |
| Can you just start investing in real estate to start building your fortune – and make – our expertise, our competence, and our experience work for you? SOUTH FLORIDA, PLEASE CALL: 786-709-6577 . ----------------------------------------------------- Attaining wealth is the result of effort and making good decisions. Some of the decisions are major, and others might seem like mere blips on the radar screen. However, they are all important. Where do you turn for sound advice when making a decision that involves money? Most people turn to a trusted friend or family member. But what if you could get advice from a team of mortgage and real experts dedicated to your success? |
| Money-Making Information You'll Need to Succeed in Your Real Estate Investments.-- We have that information! CALL: 786-709-6577 BUYING, SELLING, LEASING, LISTING. CONTACT A PROFESSIONAL REALTOR---786-709-6577---Fortune International Realty HOUSES, CONDOS, TOWN-HOMES, WATERFRONT PROPERTIES, COMMERCIAL PROPERTIES. LET US HELP YOU BUY OR SELL. |
| REAL ESTATE FINANCING IS AVAILABLE FOR INVESTORS AT VISION MORTGAGE BANK. MORTGAGE HOME LOANS, HOME REFINANCING, HOME EQUITY IS JUST SIMPLE AND EASY. AT VISION MORTGAGE BANK, INC. WE'RE HERE TO GUIDE YOU, TO INFORM YOU, AND WE HAVE GREAT DESIRE TO HELP YOU FIND THE BEST MORTGAGE PRODUCT AT THE LOWEST RATE POSSIBLE! CALL US AT: 786-709-6577 FOR SOUTH FLORIDA |
| FLORIDA REAL ESTATE: HOME BUYING, LEASING, RENTING, LISTING. PLEASE CALL US AT: 786-709-6577 HELP IS AVAILABLE TO HELP YOU OR SOMEONE YOU KNOW SELL A PROPERTY. WE SELL FAST, QUICK AND FOR THE TOP PRICE. ---CALL Mr. ANTONY AT: 786-709-6577 AN EXPERIENCED PROFESSIONAL REALTOR--- FORTUNE INTERNATIONAL REALTY. |
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KNOWLEDGEFINANCIAL.COM
| Ten Resolutions to Make Your Financial Life Easier Another year gone by, and where did it go? If yours was anything like mine, it went far too fast. Now we have a new one right around the corner. In the interest of saving time, while attending to those pesky financial chores that must be done, here are some tips for making your financial life simpler (and richer) next year. Resolve to: 1. Pay bills at warp speed. About ten seconds is what it took me to pay a bill online that would have taken me at least a few minutes if I had to dig out my checkbook, write a check, slap on a stamp, and take it to a postbox. You can pay bills online. The research shows it’s likely safer than paying offline, as long as you keep your computer free of spyware and viruses. Setting up automatic withdrawals each month is even faster, since you don’t even have to log on for a bill to be paid. But be careful: I once had to fight to reverse an $851 withdrawal for an erroneous phone bill. I like to schedule automatic withdrawals only for bills with a fixed payment each month. For the rest of my bills, I go online to authorize before I allow any money to come out of my account. 2. Keep two credit cards, and freeze the rest. You might not be able to tile your pool with your plastic like Martha Stewart did in her television commercial a few years ago, but if you are a “typical” American, you own a wallet full of plastic. Two major credit cards should be all your need. Use more, and you might miss a due date and get hit with a painfully expensive late fee. Using one credit card with a low interest rate for purchases you won’t pay off in full, and one with no fee (plus rewards) for those you will should be enough. 3. Create a system. Whether it’s an online financial organizer like Mvelopes, Quicken, or Microsoft Money, or just something as simple as a filing drawer and notebook designated for your finances, find a place to organize your paperwork… and start doing it! You’ll save a bunch of time when you don’t have to dig through stacks of papers to find that receipt or cancelled check. Tax time will be a lot easier as well. 4. Start saving. If you haven’t had the time or energy to start a savings account, pick a method – any method -- and get started. Sign up to have a small amount transferred from your checking account to a savings or money market account each month; start spending only paper money and save your coins each day in a jar until you have enough to deposit in the bank; get a piggybank; or get a credit card that helps you save. It’s one resolution you definitely won’t regret. 5. Stop doing it all. The most successful people in business find good people to work for them, then delegate the things that are not the best use of their time or skills. They check in to make sure things are running smoothly, but they focus their energy on more important tasks. The same goes for your financial life. Your team can include a great accountant, insurance broker, and financial planner. Help them understand where you want to go, then let their expertise help you get there. 6. Sweat the big stuff. You have put it off long enough. It’s time to get your will, living will and/or estate plan set up. Update beneficiaries if you haven’t done so recently. Then make a list of all your accounts and passwords in case something should happen to you . Be sure you have enough life insurance to protect your loved ones. Hopefully you will have a good, healthy year. But if things don’t go as planned, you want those important items checked off your to-do list. 7. Go ahead, change your mind. Psychologists have been tackling the secrets of happiness , and guess what? After a certain point, it’s not about money. (And that point is usually around $50,000 a year, not a million). If you’re tired of worrying about money, then resolve that above all, you’ll be happy, regardless of your bank account balance. After all, what is life about, anyway? Fortunately, there are great tools now to help you change your mind. Anything by Martin Seligman, Ph.D., can help, and I also love The Prosperity Game , a free online game where you get to spend virtual checks on anything you want (with no bill due, ever!). 8. Save a few trees. Call 1-888-OPT-OUT and get your name taken off the mailing list for pre-approved credit offers. Then cut out more junk mail with tips from Good Advice Press . Like getting a good spam filter for your email, you’ll feel better when you walk to the mailbox and don’t face a mountain of unwanted ads. 9. Buy less. Stay away from the mall, turn off the TV, and if possible, get your kids to do the same. You’ll find a lot fewer temptations calling your name. Your bank account will be healthier, your home less cluttered, and you will free up time for the things you really enjoy. 10. Take it one step at a time. My favorite self-help book of the year, One Small Step Can Change Your Life by Robert Maurer, Ph.D. advises you to stop trying to make major changes and start with simple ones. Anything you can do in one minute or one action is ideal. So as you go through this list, don’t get overwhelmed. For example, if the thought of spending an afternoon setting up online bill payments gives you a headache, don’t take it one step at a time. Resolve to just set up one account online. Instead of agonizing over making our your will, make your first step only to ask three friends for referrals to an attorney who can help. Keep it simple. Enjoy yourself, and take things easy. Those are resolutions most of us can stick with. |
| EXECUTIVE METHODS AND TECHNIQUES TO HELP YOU REALLY OBTAIN AN ULTIMATE FINANCIAL FREEDOM! Retrain Your Brain to Cut Debt and Build Wealth Why is changing our behavior so difficult? Why do we get stuck in a rut so often? Why do we make dumb choices with our money that seem so obvious in hindsight? Recently, I’ve had the opportunity to delve into a couple of terrific psychology books, and I’d like to offer a few insights I’ve gleaned from them. The first, Why Smart People Make Big Money Mistakes and How to Correct Them, by Gary Belsky and Thomas Gilovich, focuses on research in behavioral finance. The book provides some fascinating insight to why our financial behaviors often just don’t make sense – and what we can do about it. Insight #1: It’s all in your head…and that’s the problem. One of the big dangers to wealth building is something called “mental accounting.” It describes how we allocate our money in our mind and how that translates into (often irrational) behavior. Mental accounting explains why we will handle a bonus or windfall differently than a pay raise, and especially why we treat plastic money (credit cards and debit cards) differently than cash, or money from a paycheck. (In case you haven’t heard, the research shows that generally consumers spend more when they pay with plastic, as compared to cash.) Belsky and Gilovich use the example of income tax refunds to illustrate how mental accounting works. While receiving a big tax refund once in a while might be a fluke, receiving a large refund year after year is ridiculous. “Why lend the government your money for free?” ask financial advisors every April. But that’s because those who do get a tax refund often enjoy it as if it were “found money” and spent it as a windfall, instead as the deferral of salary that it really is. If we were to correctly adjust our withholding, for example, we would probably use the money from our larger paychecks more carefully, and be less likely to splurge on whatever it is we decide we really “need” when that big refund check arrives. They even describe one study where recipients of a relatively small amount of unexpected cash spent twice as much as they received. In Why Smart People Make Big Money Mistakes, the authors warn: “Mental accounting helps to explain one of the great puzzles of personal finance – why people who don’t see themselves as reckless spenders can’t seem to save enough. The devil, as they say, is in the details….Being cost- conscious when making little purchases is where you can often rack up big savings.” The pendulum can swing the other way, too. With mental accounting, investors can become too conservative with their money and fail to take the appropriate level of risk. Strategy: Write down every dollar you spend, large and small, for a month. Recording purchases as soon as you make them will keep your list accurate. Remember, you are trying to get away from the bias of mental accounting. At the end of the month, add up your spending in each category, and look for places where you make changes. An alternative: Cash your paycheck in small bills and use envelopes to hold the cash for each expense category. When the money is gone for the month, you stop spending in that category. Also smart: The authors also suggest another strategy: Wait. Park a windfall, tax refund, or other unexpected cash in a bank account for three to six months. After that time has passed, you are more likely to see the balance as savings, rather than extra money to spend on a whim. Insight #2: “Some of the more serious and costly financial mistakes people make are the result of inaction.” That insight from the chapter titled “The Devil That You Know,” isn’t news to me. After all, on many occasions I have talked to someone in a financial bind and offered my advice, only to find that they are back six month later, having taken no action and finding themselves in a worse situation than the first time we talked. But the research behind the phenomenon of “decision paralysis” was interesting. Belsky and Gilovich attribute it to a number of factors, including the fear of regretting our choices and a comfort level with the status quo (even when our current situation isn’t so hot). Another reason for decision paralysis, however, is the myriad choices we have today. Need help getting out of debt? There are probably at least 2,500 different firms offering solutions. Need a mortgage? Well, there is the decision of what type of mortgage: interest-only, 2/28 ARM, 30-year fixed, or a hundred other varieties. Then there is also the decision of who to get the mortgage through: your local bank, a mortgage broker, an online company. Is it any wonder we are overwhelmed? The research shows that more choices are not necessarily good, and can lead to inaction. I’ve been there many times, and chances are, so have you. Strategy: Acknowledge the cost of inaction. Start investing and you may lose money. But don’t invest and I guarantee you won’t have anything. In other words, just because you can’t do everything you want to do financially doesn’t mean you can’t do anything at all. Starting a $5 per week investment account or adding an extra $5 a week to paying down your debt is better than nothing. Also smart: Identify the experts and get their advice. Sometimes it is hard to see your situation clearly when you are bogged down in it. An objective voice from someone who understands the options can be helpful, especially if you act upon it. You’ve come to a great place to start! You can browse the Credit.com learning center or choose a life stage to find information tailored to your situation. Insight #3: Small Changes Can Make a Big Difference. One Small Step Can Change Your Life by Robert Maurer, Ph.D., was another eye-opener for me. Dr. Maurer bases his book on the principal of kaizen, small incremental changes known for helping the Japanese develop a thriving industrial base after WWII. He encourages us to: Ask Small Questions Think Small Thoughts Take Small Actions Solve Small Problems Together, he says, these actions can create radical change (over time). They work, he explains, because our brain is hard-wired to resist change. Even the prospect of a change can trigger our fight-or-flight response, which in turn shuts down creativity and thinking. Small changes allow us to bypass that automatic response and succeed in changing. When Maurer talks about small change, he means small. Can’t exercise? Start with one minute of marching in front of the television. Overeating? Throw the first bite of chocolate, or one French fry, away (I am working on the chocolate one!). It sounds a bit ridiculous at first, but the idea is to help rewire the connections in your brain so that it enjoys your small successes, and doesn’t interfere as you try to build upon them. Strategy: Overspending? Put one item back when you reach the check out line. Can’t save? Start by saving one dollar from your paycheck, or one dollar a day. Having trouble getting out of debt? Each day, ask yourself one small question: What is one small action I can take to reduce my debt? Your brain loves questions, says Maurer, and by posing those small questions frequently, you will put it to work coming up with solutions. Also Smart: Forget the lottery or “all or nothing” mentality. Maurer says you don’t need (or perhaps don’t even want) a radical idea to be successful. The Japanese completely reinvented their economy and work style with the principal of kaizen…one very small step at a time. You can too. |
| HOME BUYING---- Let us help you purchase your property in the area you prefer for the price you can afford. Contact us to pre-qualify you first. Pre-qualification will put you in a stronger position to negotiate with sellers and become closer to reach an agreement on the purchase price |
| We’re here to turn traditional renters into property owners and landlords. We’ve great desire to help people find the right mortgage loan at the lowest rate possible. CALL Mr. ANTONY AT: 786-709-6577---South Florida |
| We also specialize in Luxury Residential & waterfront properties. We have gained the reputation of great professional from some of the highest profile clients. We are raising the bar higher in customer service and playing a pivotal role in finding Finance for Real Estate. South Florida, CALL: 786-709-6577---Fortune International Realty |
| YOU NEED TO BUY OR LEASE A PROPERTY IN SOUTH FL. PLEASE CONTACT US... COMMERCIAL, RESIDENTIAL, OR MOBIL HOME FINANCIAL HELP IS AVAILABLE! FREE CREDIT REPAIR HELP FOR PROSPECT! |
| YOU’VE PROPERTY FOR SALE? CONTACT US COMMERCIAL, RESIDENTIAL, OR MOBIL HOME WE’LL BUY IT FROM YOU OR WE’LL SELL IT FOR YOU; FAST, QUICK & FOR THE TOP PRICE! SOUTH FLORIDA PLEASE CONTACT US… |
A licensed professional Realtor from Fortune
International Realty ------ or
an investor, who represents a Florida real estate
investment Corporation will contact you within 24 hour.
International Realty ------ or
an investor, who represents a Florida real estate
investment Corporation will contact you within 24 hour.
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A step by step guide to gaining control of your financial life.
Setting priorities
Here's help for the first -- and often the hardest -- step in achieving your financial goals: deciding which goals to pursue.
LESSON 2
Making a budget, saving money
How to bring your spending under control, so that you get the most out of every dollar.
LESSON 3
Basics of banking and saving
Here's how to get the best banking services at the best price, either online or off.
LESSON 4
Basics of investing
An introduction to making money in stocks, bonds and mutual funds REIT'S, real estate.
LESSON 5
Investing in stocks
The market can be a great place to turn savings into wealth -- or to lose your shirt. Here are some fundamentals of investing wisely.
LESSON 6
Investing in mutual funds
It's a mutual-fund jungle out there. Here's how to create a simple portfolio that works.
LESSON 7
Investing in bonds
Bonds can provide a steady and reasonably secure income, while adding ballast to your portfolio--but only if you really understand what you're buying.
LESSON 8
Buying a home
Owning your home is part of the American Dream, but if you’re not prepared, buying it can be a nightmare. Here are some fundamentals for buyers and sellers.
LESSON 9
Controlling debt
You've got to know when to hold debt--and when to fold it. This lesson shows you how to accomplish your financial goals by making debt work for you.
LESSON 10
Home Selling
WAYS TO SELL A PROPERTY FAST AND EASY FOR THE TOP PRICE!
Selling a home is a big decision and requires a lot of work. From getting the house ready to reviewing the escrow papers, our helpful guide will walk you through the process of selling your
home.
LESSON 11
INSURANCE
Health Insurance, Life Insurance, Home Insurance, Car Insurance
Great things to know about insurance
Buying a car, Auto loans. Great things to know:
Buying a car is like no other shopping experience. The choices seem to be endless. This lesson helps you sort through your options.
FINANCIAL FREEDOM: A SMARTEST WAY TO PREPARE A BETTER FUTURE. YOUR PATH TO WEALTH STARTS RIGHT NOW.
It's a fact: today, anyone can become a millionaire
– In the history of the world, there has never been
a better time to create wealth than right here, right
now in real estate.
Setting priorities
Here's help for the first -- and often the hardest -- step in achieving your financial goals: deciding which goals to pursue.
LESSON 2
Making a budget, saving money
How to bring your spending under control, so that you get the most out of every dollar.
LESSON 3
Basics of banking and saving
Here's how to get the best banking services at the best price, either online or off.
LESSON 4
Basics of investing
An introduction to making money in stocks, bonds and mutual funds REIT'S, real estate.
LESSON 5
Investing in stocks
The market can be a great place to turn savings into wealth -- or to lose your shirt. Here are some fundamentals of investing wisely.
LESSON 6
Investing in mutual funds
It's a mutual-fund jungle out there. Here's how to create a simple portfolio that works.
LESSON 7
Investing in bonds
Bonds can provide a steady and reasonably secure income, while adding ballast to your portfolio--but only if you really understand what you're buying.
LESSON 8
Buying a home
Owning your home is part of the American Dream, but if you’re not prepared, buying it can be a nightmare. Here are some fundamentals for buyers and sellers.
LESSON 9
Controlling debt
You've got to know when to hold debt--and when to fold it. This lesson shows you how to accomplish your financial goals by making debt work for you.
LESSON 10
Home Selling
WAYS TO SELL A PROPERTY FAST AND EASY FOR THE TOP PRICE!
Selling a home is a big decision and requires a lot of work. From getting the house ready to reviewing the escrow papers, our helpful guide will walk you through the process of selling your
home.
LESSON 11
INSURANCE
Health Insurance, Life Insurance, Home Insurance, Car Insurance
Great things to know about insurance
Buying a car, Auto loans. Great things to know:
Buying a car is like no other shopping experience. The choices seem to be endless. This lesson helps you sort through your options.
FINANCIAL FREEDOM: A SMARTEST WAY TO PREPARE A BETTER FUTURE. YOUR PATH TO WEALTH STARTS RIGHT NOW.
It's a fact: today, anyone can become a millionaire
– In the history of the world, there has never been
a better time to create wealth than right here, right
now in real estate.
WHAT GUIDELINES ARE REQUIRED FOR A MORTGAGE LOAN?
Mortgages are used by individuals and businesses wishing to make large value purchase of real estate without
payment the entire value of the purchase up front. Mortgages are also known as lien against property, or claims on
property. Mortgage is a legal agreement that creates an interest in a real estate property between borrower and the
lender.
HOW TO UNDERSTAND THE HOME LOAN PROCESS?
Understand that in order to finance or refinance a loan the lender requires documentation to verify and substantiate
your employment, credit and financial situation to assure its investors
that you have the ability to repay the MONEY
HOME REFINANCING: 10 GREAT REASONS TO REFINANCE A PROPERTY. NOW IT'S THE BEST TIME FOR
REFINANCING, THE INTEREST RATE IS VERY LOW.
MORTGAGE LOAN MODIFICATION PROGRAMS; AN ALTERNATIVE TO REDUCE MONTHLY MORTGAGE
PAYMENT, TO AVOID FORECLOSURE, TO SAVE YOUR CREDIT RATING, TO SAVE YOUR PROPERTY.
REVERSE MORTGAGE
NO MORTGAGE PAYMENTS EVER AGAIN: IF YOU OWNED A HOME AS YOUR PERSONAL RESIDENCE.
TO IMPROVE YOUR QUALITY OF LIFE AND LIVE WITH NO STRESS!
IF YOU'RE 62 YEARS OF AGE OR OLDER, YOU CAN ACHIEVE THIS, THROUGH A REVERSE MORTGAGE,
REGULATED BY THE U.S. GOVERNMENT.
FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR FIRST, SECOND, AND OR THIRD PROPERTY.
HOW AND WHERE TO FIND MONEY? CLICK RIGHT HERE!
FHA: F H A MORTGAGE LOANS, THE GOVERNMENT IS THERE TO HELP YOU PURCHASE YOUR HOME.
PLEASE CONTACT US WE WILL SHOW YOU THE WAY .
MORTGAGE LOAN PRE-QUALIFICATION, LOW INTEREST RATES,
8 Reasons to Get Pre-Approved for a Home Loan
Learn why pre-approval is one of the smartest moves you can make when shopping for a home
Subprime Mortgage
 A type of mortgage that is normally made out to borrowers with lower credit ratings. As a result of the
borrower's lowered credit rating, a conventional mortgage is not offered because the lender views the borrower as
having a larger-than-average risk of defaulting on the loan.
FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR FIRST, SECOND, AND OR THIRD PROPERTY.
HOW AND WHERE TO FIND MONEY? CLICK RIGHT HERE!
RENTAL PROPERTY / COMMERCIAL REAL ESTATE / COMMERCIAL LEASE Tips for Making Solid Business
Agreements and Contracts
Mortgages are used by individuals and businesses wishing to make large value purchase of real estate without
payment the entire value of the purchase up front. Mortgages are also known as lien against property, or claims on
property. Mortgage is a legal agreement that creates an interest in a real estate property between borrower and the
lender.
HOW TO UNDERSTAND THE HOME LOAN PROCESS?
Understand that in order to finance or refinance a loan the lender requires documentation to verify and substantiate
your employment, credit and financial situation to assure its investors
that you have the ability to repay the MONEY
HOME REFINANCING: 10 GREAT REASONS TO REFINANCE A PROPERTY. NOW IT'S THE BEST TIME FOR
REFINANCING, THE INTEREST RATE IS VERY LOW.
MORTGAGE LOAN MODIFICATION PROGRAMS; AN ALTERNATIVE TO REDUCE MONTHLY MORTGAGE
PAYMENT, TO AVOID FORECLOSURE, TO SAVE YOUR CREDIT RATING, TO SAVE YOUR PROPERTY.
REVERSE MORTGAGE
NO MORTGAGE PAYMENTS EVER AGAIN: IF YOU OWNED A HOME AS YOUR PERSONAL RESIDENCE.
TO IMPROVE YOUR QUALITY OF LIFE AND LIVE WITH NO STRESS!
IF YOU'RE 62 YEARS OF AGE OR OLDER, YOU CAN ACHIEVE THIS, THROUGH A REVERSE MORTGAGE,
REGULATED BY THE U.S. GOVERNMENT.
FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR FIRST, SECOND, AND OR THIRD PROPERTY.
HOW AND WHERE TO FIND MONEY? CLICK RIGHT HERE!
FHA: F H A MORTGAGE LOANS, THE GOVERNMENT IS THERE TO HELP YOU PURCHASE YOUR HOME.
PLEASE CONTACT US WE WILL SHOW YOU THE WAY .
MORTGAGE LOAN PRE-QUALIFICATION, LOW INTEREST RATES,
8 Reasons to Get Pre-Approved for a Home Loan
Learn why pre-approval is one of the smartest moves you can make when shopping for a home
Subprime Mortgage
 A type of mortgage that is normally made out to borrowers with lower credit ratings. As a result of the
borrower's lowered credit rating, a conventional mortgage is not offered because the lender views the borrower as
having a larger-than-average risk of defaulting on the loan.
FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR FIRST, SECOND, AND OR THIRD PROPERTY.
HOW AND WHERE TO FIND MONEY? CLICK RIGHT HERE!
RENTAL PROPERTY / COMMERCIAL REAL ESTATE / COMMERCIAL LEASE Tips for Making Solid Business
Agreements and Contracts
FORECLOSURE INVESTMENT
The Time is Now to Profit from Foreclosure
A “Perfect Storm” of events has made investing in foreclosure properties better than ever - and
now’s the time for you to profit...
THE HOME BUYING GUIDE!--------------------IMPORTANT THINGS TO KNOW BEFORE BUYING...
The home-buying process doesn't need to be scary. Our step-by-step guide will walk you
through the process and answer your questions on what you should expect from us as your
realtor, where
to look for loans, and what to watch out for when closing the deal.
HOME SELLING: WAYS TO SELL A PROPERTY FAST AND EASY FOR THE TOP PRICE!
Selling a home is a big decision and requires a lot of work. From getting the house ready to
reviewing the escrow papers, our helpful guide will walk you through the
process of selling your home.
SHORT SALE: REAL ESTATE INVESTMENT OPPORTUNITY FOR ALL
SHORT SALE allows you to buy as many properties as you want.
Flip them, Hold them, Rent them, Refinance them and make profits.
PRE-CONSTRUCTION, A GREAT WAY TO INVEST IN REAL ESTATE. BUT YOU HAVE TO
KNOW THE SECRETS OF IT.
Florida Real Estate for sale: Wonderful prices, great location,extraordinary view,very spacious.
NO OTHER INVESTMENTS BUILD WEALTH LIKE REAL ESTATE!
NOW REALLY IS A GREAT TIME TO BUY A PROPERTY:
COMPETITIVE PRICES, LOW INTEREST RATES, MANY CHOICES
COMMERCIAL REAL ESTATE; A BETTER WAY TO INVEST AND GET RICHER! MULTI-
WAYS TO WIN BIG IN REAL ESTATE
1031 Exchange, Tax Saving Tips for Real Estate Investors and landlords Give Financial
Advantage
MIAMI REAL ESTATE: The Time is Now to Profit from Real Estate investing--
A “Perfect Storm” of events has made investing in Real Estate properties better than ever -
and now’s the time for you to profit...
CALL Mr. ANTONY AT: 786-709-6577 --- Fortune International Realty
COMMERCIAL LEASE: Before you rent space for your business, be sure you understand
these basic facts about commercial leases.
Manufactured Homes, Mobile Homes, an Affordable Housing Alternative
We are dedicated ourselves to helping bring prospective buyers of manufactured homes in
contact with retailers who sell homes in their area. We aim to help buyers wade through the
excess of information providing a simple directory that enables buyers to quickly and
efficiently contact us to help them find the dealers in which they are interested.
The Time is Now to Profit from Foreclosure
A “Perfect Storm” of events has made investing in foreclosure properties better than ever - and
now’s the time for you to profit...
THE HOME BUYING GUIDE!--------------------IMPORTANT THINGS TO KNOW BEFORE BUYING...
The home-buying process doesn't need to be scary. Our step-by-step guide will walk you
through the process and answer your questions on what you should expect from us as your
realtor, where
to look for loans, and what to watch out for when closing the deal.
HOME SELLING: WAYS TO SELL A PROPERTY FAST AND EASY FOR THE TOP PRICE!
Selling a home is a big decision and requires a lot of work. From getting the house ready to
reviewing the escrow papers, our helpful guide will walk you through the
process of selling your home.
SHORT SALE: REAL ESTATE INVESTMENT OPPORTUNITY FOR ALL
SHORT SALE allows you to buy as many properties as you want.
Flip them, Hold them, Rent them, Refinance them and make profits.
PRE-CONSTRUCTION, A GREAT WAY TO INVEST IN REAL ESTATE. BUT YOU HAVE TO
KNOW THE SECRETS OF IT.
Florida Real Estate for sale: Wonderful prices, great location,extraordinary view,very spacious.
NO OTHER INVESTMENTS BUILD WEALTH LIKE REAL ESTATE!
NOW REALLY IS A GREAT TIME TO BUY A PROPERTY:
COMPETITIVE PRICES, LOW INTEREST RATES, MANY CHOICES
COMMERCIAL REAL ESTATE; A BETTER WAY TO INVEST AND GET RICHER! MULTI-
WAYS TO WIN BIG IN REAL ESTATE
1031 Exchange, Tax Saving Tips for Real Estate Investors and landlords Give Financial
Advantage
MIAMI REAL ESTATE: The Time is Now to Profit from Real Estate investing--
A “Perfect Storm” of events has made investing in Real Estate properties better than ever -
and now’s the time for you to profit...
CALL Mr. ANTONY AT: 786-709-6577 --- Fortune International Realty
COMMERCIAL LEASE: Before you rent space for your business, be sure you understand
these basic facts about commercial leases.
Manufactured Homes, Mobile Homes, an Affordable Housing Alternative
We are dedicated ourselves to helping bring prospective buyers of manufactured homes in
contact with retailers who sell homes in their area. We aim to help buyers wade through the
excess of information providing a simple directory that enables buyers to quickly and
efficiently contact us to help them find the dealers in which they are interested.
ATTENTION, ATTENTION!
IMPORTANT INFORMATION ABOUT THE
UNITED STATES FIVE [5] BIGGEST
FINANCIAL INSTITUTIONS...
Bank of America Financial Services
Wells Fargo Financial Services
PNC-National City Mortgage Financial
Services
Citibank,Citifinancial, Citimortgage,
Citigroup
JPMorgan-Chase Financial Services
How to make the Bank say, "Yes You're
Approved"
Learn here the most effective ways to get
the best loan rates, and the best terms
IMPORTANT INFORMATION ABOUT THE
UNITED STATES FIVE [5] BIGGEST
FINANCIAL INSTITUTIONS...
Bank of America Financial Services
Wells Fargo Financial Services
PNC-National City Mortgage Financial
Services
Citibank,Citifinancial, Citimortgage,
Citigroup
JPMorgan-Chase Financial Services
How to make the Bank say, "Yes You're
Approved"
Learn here the most effective ways to get
the best loan rates, and the best terms