PERSONAL FINANCE
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Money crisis: US FINANCIAL SYSTEM IN TROUBLE, BAIL-OUT PACKAGE. Americans react... Real people across the country answer the question: what are you doing with your money in the wake of the financial
crisis?
Where is the safe place to put MONEY? INTRODUCTION AND PURPOSE OF MONEY MARKET MUTUAL FUNDS!
NO PANIC, NO EMOTION, NO WRONG DECISION! READ BELOW----- HERE ARE THE SAFEST PLACES WHERE YOU CAN PUT YOUR MONEY AND HAVE PEACE OF MIND. READ BELOW!
FORTUNE: National Association Of Securities Dealers - NASD / FINRA. LEARN MORE... BEFORE YOU START INVESTING ANY MONEY: LEARN THIS FIRST!
crisis?
Where is the safe place to put MONEY? INTRODUCTION AND PURPOSE OF MONEY MARKET MUTUAL FUNDS!
NO PANIC, NO EMOTION, NO WRONG DECISION! READ BELOW----- HERE ARE THE SAFEST PLACES WHERE YOU CAN PUT YOUR MONEY AND HAVE PEACE OF MIND. READ BELOW!
FORTUNE: National Association Of Securities Dealers - NASD / FINRA. LEARN MORE... BEFORE YOU START INVESTING ANY MONEY: LEARN THIS FIRST!
YOUR MONEY CAN BE IN, AND BE SAFE AT:
FDIC Deposit Insurance Coverage
The Federal Deposit Insurance Corporation (FDIC) is an independent
agency of the United States government that protects against the loss
of insured deposits if an FDIC-insured bank or savings association fails.
FDIC deposit insurance is backed by the full faith and credit of the
United States government. Since the FDIC was established, no
depositor has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers funds in deposit accounts, including checking
and savings accounts, money market deposit accounts and
certificates of deposit (CDs). FDIC insurance does not, however, cover
other financial products and services that insured banks may offer,
such as stocks, bonds, mutual fund shares, life insurance policies,
annuities or municipal securities.
There is no need for depositors to apply for FDIC insurance or even to
request it. Coverage is automatic.
To ensure funds are fully protected, depositors should understand
their deposit insurance coverage limits. The FDIC provides separate
insurance coverage for deposits held in different ownership categories
such as single accounts, joint accounts, Individual Retirement
Accounts (IRAs) and trust accounts.
Basic FDIC Deposit Insurance Coverage Limits*
Single Accounts (owned by one person) $250,000 per owner**
Joint Accounts (two or more persons) $250,000 per co-owner**
IRAs and certain other retirement accounts $250,000 per owner
Trust Accounts $250,000 per owner per beneficiary subject to
specific limitations and requirements**
These deposit insurance coverage limits refer to the
total of all deposits that an accountholder (or
accountholders) has at each FDIC-insured bank. The
listing above shows only the most common ownership
categories that apply to individual and family deposits,
and assumes that all FDIC requirements are met.
** The legislation authorizing the increase in deposit
insurance coverage limits makes the change effective
October 3, 2008, through December 31, 2009.
FDIC Deposit Insurance Coverage
The Federal Deposit Insurance Corporation (FDIC) is an independent
agency of the United States government that protects against the loss
of insured deposits if an FDIC-insured bank or savings association fails.
FDIC deposit insurance is backed by the full faith and credit of the
United States government. Since the FDIC was established, no
depositor has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers funds in deposit accounts, including checking
and savings accounts, money market deposit accounts and
certificates of deposit (CDs). FDIC insurance does not, however, cover
other financial products and services that insured banks may offer,
such as stocks, bonds, mutual fund shares, life insurance policies,
annuities or municipal securities.
There is no need for depositors to apply for FDIC insurance or even to
request it. Coverage is automatic.
To ensure funds are fully protected, depositors should understand
their deposit insurance coverage limits. The FDIC provides separate
insurance coverage for deposits held in different ownership categories
such as single accounts, joint accounts, Individual Retirement
Accounts (IRAs) and trust accounts.
Basic FDIC Deposit Insurance Coverage Limits*
Single Accounts (owned by one person) $250,000 per owner**
Joint Accounts (two or more persons) $250,000 per co-owner**
IRAs and certain other retirement accounts $250,000 per owner
Trust Accounts $250,000 per owner per beneficiary subject to
specific limitations and requirements**
These deposit insurance coverage limits refer to the
total of all deposits that an accountholder (or
accountholders) has at each FDIC-insured bank. The
listing above shows only the most common ownership
categories that apply to individual and family deposits,
and assumes that all FDIC requirements are met.
** The legislation authorizing the increase in deposit
insurance coverage limits makes the change effective
October 3, 2008, through December 31, 2009.
How do money market accounts work?
A money market account is a type of savings account offered by banks and
credit unions just like regular savings accounts.
The difference is that they usually pay higher interest, have higher minimum
balance requirements (sometimes $1000-$2500), and only allow three to six
withdrawals per month. Another difference is that, similar to a checking
account, many money market accounts will let you write up to three checks
each month.
YOUR MONEY CAN BE IN, AND BE SAFE AT:
Money Market Account Interest
When you put your money into a money market savings account it earns interest
just like in a regular savings account. Interest is money the bank pays you so
that they can use your money to fund loans to other people. That doesn't mean
you can't have your money whenever you want it, though. That's just how banks
make money -- by selling money! Basically, it works like this:
You open a money market account at the bank.
The bank pays you interest on the money that you deposit and leave in that
account.
The bank then loans that money out to other people, only they charge a slightly
higher interest for the loan than what they pay you for your account.
The difference in interest they pay you verses the interest they charge others is
part of how they stay in business. We'll take a look at how the interest on money
market accounts works in the next section.
Interest on money market accounts is usually compounded daily and paid
monthly. The cool thing about compounded interest is that the bank is paying you
interest on the money they've paid you in interest.
Interest rates paid by money market accounts can vary quite a bit from bank to
bank. That's because some banks are trying harder to get people to open an
account with them than others -- so they offer higher rates.
Operational Details of Money Market Mutual Funds!
How Do I Buy Bonds?
How the Federal Deposit Insurance Corporation Works?
What's the difference between a recession and a
depression?
Bond Basics: Different Types Of Bonds
A money market account is a type of savings account offered by banks and
credit unions just like regular savings accounts.
The difference is that they usually pay higher interest, have higher minimum
balance requirements (sometimes $1000-$2500), and only allow three to six
withdrawals per month. Another difference is that, similar to a checking
account, many money market accounts will let you write up to three checks
each month.
YOUR MONEY CAN BE IN, AND BE SAFE AT:
Money Market Account Interest
When you put your money into a money market savings account it earns interest
just like in a regular savings account. Interest is money the bank pays you so
that they can use your money to fund loans to other people. That doesn't mean
you can't have your money whenever you want it, though. That's just how banks
make money -- by selling money! Basically, it works like this:
You open a money market account at the bank.
The bank pays you interest on the money that you deposit and leave in that
account.
The bank then loans that money out to other people, only they charge a slightly
higher interest for the loan than what they pay you for your account.
The difference in interest they pay you verses the interest they charge others is
part of how they stay in business. We'll take a look at how the interest on money
market accounts works in the next section.
Interest on money market accounts is usually compounded daily and paid
monthly. The cool thing about compounded interest is that the bank is paying you
interest on the money they've paid you in interest.
Interest rates paid by money market accounts can vary quite a bit from bank to
bank. That's because some banks are trying harder to get people to open an
account with them than others -- so they offer higher rates.
Operational Details of Money Market Mutual Funds!
How Do I Buy Bonds?
How the Federal Deposit Insurance Corporation Works?
What's the difference between a recession and a
depression?
Bond Basics: Different Types Of Bonds
YOUR MONEY CAN BE IN...
INSURED CREDIT UNION
Congress established the NCUSIF in 1970 to insure member share
accounts at all federally chartered credit unions and most state
chartered credit unions. NCUSIF insurance is similar to the deposit
insurance protection offered by the Federal Deposit Insurance
Corporation (FDIC). The NCUSIF is managed by NCUA under the
direction of the three-person NCUA Board appointed by the
President of the United States.
The National Credit Union Administration (NCUA) is an independent
agency of the United States Government. NCUA regulates, charters,
and insures the nation's federal credit unions. In addition, NCUA
insures state-chartered credit unions that desire and qualify for
federal insurance. In some states, state-chartered credit unions are
required by state law to be federally insured
How does NCUSIF share insurance protect credit union members
against loss?
Each credit union approved for NCUSIF share insurance must meet
high standards of safety and soundness in its operation. Adherence
to these standards is determined regularly through credit union
examinations by federal and state examiners. If an insured credit
union gets into financial difficulties and must be closed, the NCUSIF
acts immediately to protect each member’s share account.
INSURED CREDIT UNION
Congress established the NCUSIF in 1970 to insure member share
accounts at all federally chartered credit unions and most state
chartered credit unions. NCUSIF insurance is similar to the deposit
insurance protection offered by the Federal Deposit Insurance
Corporation (FDIC). The NCUSIF is managed by NCUA under the
direction of the three-person NCUA Board appointed by the
President of the United States.
The National Credit Union Administration (NCUA) is an independent
agency of the United States Government. NCUA regulates, charters,
and insures the nation's federal credit unions. In addition, NCUA
insures state-chartered credit unions that desire and qualify for
federal insurance. In some states, state-chartered credit unions are
required by state law to be federally insured
How does NCUSIF share insurance protect credit union members
against loss?
Each credit union approved for NCUSIF share insurance must meet
high standards of safety and soundness in its operation. Adherence
to these standards is determined regularly through credit union
examinations by federal and state examiners. If an insured credit
union gets into financial difficulties and must be closed, the NCUSIF
acts immediately to protect each member’s share account.
YOUR MONEY CAN IN...
Treasury Bill - T-Bill
A short-term debt obligation backed by the U.S. government with
a maturity of less than one year. T-bills are sold in denominations
of $1,000 up to a maximum purchase of $5 million and commonly
have maturities of one month (four weeks), three months (13
weeks) or six months (26 weeks).
T-bills are issued through a competitive bidding process at a
discount from par, which means that rather than paying fixed
interest payments like conventional bonds, the appreciation of the
bond provides the return to the holder. For example, let's say
you buy a 13-week T-bill priced at $9,800.
Essentially, the U.S. government (and its nearly bulletproof credit
rating) writes you an IOU for $10,000 that it agrees to pay back in
three months. You will not receive regular payments as you would
with a coupon bond, for example. Instead, the appreciation - and,
therefore, the value to you - comes from the difference between
the discounted value you originally paid and the amount you
receive back ($10,000). In this case, the T-bill pays a 2.04%
interest rate ($200/$9,800 = 2.04%) over a three-month period.
Treasury Bill - T-Bill
A short-term debt obligation backed by the U.S. government with
a maturity of less than one year. T-bills are sold in denominations
of $1,000 up to a maximum purchase of $5 million and commonly
have maturities of one month (four weeks), three months (13
weeks) or six months (26 weeks).
T-bills are issued through a competitive bidding process at a
discount from par, which means that rather than paying fixed
interest payments like conventional bonds, the appreciation of the
bond provides the return to the holder. For example, let's say
you buy a 13-week T-bill priced at $9,800.
Essentially, the U.S. government (and its nearly bulletproof credit
rating) writes you an IOU for $10,000 that it agrees to pay back in
three months. You will not receive regular payments as you would
with a coupon bond, for example. Instead, the appreciation - and,
therefore, the value to you - comes from the difference between
the discounted value you originally paid and the amount you
receive back ($10,000). In this case, the T-bill pays a 2.04%
interest rate ($200/$9,800 = 2.04%) over a three-month period.
YOUR MONEY CAN BE IN...
Treasury Bond - T-Bond
A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest payments semi-annually and the income that holders
receive is only taxed at the federal level. Treasury bonds are issued with a minimum denomination of $1,000. The bonds are initially sold through auction in which the maximum
purchase amount is $5 million if the bid is non-competitive or 35% of the offering if the bid is competitive. A competitive bid states the rate that the bidder is willing to accept; it will be
accepted depending on how it compares to the set rate of the bond. A non-competitive bid ensures that the bidder will get the bond but he or she will have to accept the set rate. After
the auction, the bonds can be sold in the secondary market.
Treasury Bond - T-Bond
A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest payments semi-annually and the income that holders
receive is only taxed at the federal level. Treasury bonds are issued with a minimum denomination of $1,000. The bonds are initially sold through auction in which the maximum
purchase amount is $5 million if the bid is non-competitive or 35% of the offering if the bid is competitive. A competitive bid states the rate that the bidder is willing to accept; it will be
accepted depending on how it compares to the set rate of the bond. A non-competitive bid ensures that the bidder will get the bond but he or she will have to accept the set rate. After
the auction, the bonds can be sold in the secondary market.
YOUR MONEY CAN BE IN...
Treasury note
Treasury notes (or T-Notes) mature in two to ten years. They have a coupon
payment every six months, and are commonly issued with maturities dates
of 2, 5 or 10 years, for denominations from $100 to $1,000,000.
T-Notes and T-Bonds are quoted on the secondary market at percentage of
par in thirty-seconds of a point. Thus, for example, a quote of 95:07 on a note
indicates that it is trading at a discount: $952.19 (i.e. 95 7/32%) for a $1,000
bond. (Several different notations may be used for bond price quotes. The
example of 95 and 7/32 points may be written as 95:07, or 95-07, or 95'07, or
decimalized as 95.21875.) Other notation includes a +, which indicates 1/64
points and a third digit may be specified to represent 1/256 points. Examples
include 95:07+ which equates to (95 + 7/32 + 1/64) and 95:073 which equates
to (95 + 7/32 + 3/256). Notation such as 95:073+ is unusual and not typically
used.
The 10-year Treasury note has become the security most frequently quoted
when discussing the performance of the U.S. government-bond market and
is used to convey the market's take on longer-term macroeconomic
expectations.
Treasury note
Treasury notes (or T-Notes) mature in two to ten years. They have a coupon
payment every six months, and are commonly issued with maturities dates
of 2, 5 or 10 years, for denominations from $100 to $1,000,000.
T-Notes and T-Bonds are quoted on the secondary market at percentage of
par in thirty-seconds of a point. Thus, for example, a quote of 95:07 on a note
indicates that it is trading at a discount: $952.19 (i.e. 95 7/32%) for a $1,000
bond. (Several different notations may be used for bond price quotes. The
example of 95 and 7/32 points may be written as 95:07, or 95-07, or 95'07, or
decimalized as 95.21875.) Other notation includes a +, which indicates 1/64
points and a third digit may be specified to represent 1/256 points. Examples
include 95:07+ which equates to (95 + 7/32 + 1/64) and 95:073 which equates
to (95 + 7/32 + 3/256). Notation such as 95:073+ is unusual and not typically
used.
The 10-year Treasury note has become the security most frequently quoted
when discussing the performance of the U.S. government-bond market and
is used to convey the market's take on longer-term macroeconomic
expectations.
Operational Details of Money Market Mutual
Funds!
How Do I Buy Bonds?
How the Federal Deposit Insurance
Corporation Works?
What's the difference between a recession
and a depression?
Bond Basics: Different Types Of Bonds
Funds!
How Do I Buy Bonds?
How the Federal Deposit Insurance
Corporation Works?
What's the difference between a recession
and a depression?
Bond Basics: Different Types Of Bonds
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.
THE 16 DAYS THAT SHOOCK THE US
ECONOMY IN SEPTEMBER, 2008.
AMERICA’S MONEY CRISIS / Bailout 101: What new law
says. What it is about? What's included in it?
Here's a rundown of key provisions of the financial rescue
plan that United State Senate voted, Wednesday October 1;
and the house voted Friday October 3, 2008.
SMALL BUSINESS, METHODS, TECHNIQUES,
AND STRATEGIES. Business structures 101
LLP, LLC, S-corp and C-corp: It's not just alphabet soup! A
breakdown of what you need to know, in layman's terms.
nvestments and Business Opportunities / Franchise &
Business Opportunities for all Buying a Franchise: A
Consumer Guide
When you buy a franchise, you often can sell goods and
services that have instant name recognition, and get
training and support that can help you succeed. But
purchasing a franchise is like every other investment:
there’s no guarantee of success.
SOCIAL SECURITY; THE ULTIMATE RETIREMENT GUIDE.
HOW DOES SOCIAL SECURITY WORK?
REFINANCE A PROPERTY AT A LOWER RATE IS A GREAT
IDEA! WE CAN HELP YOU DO JUST THAT! PLEASE CALL
US 786-709-6577 ---LICENSED MORTGAGE
BROKER OF SOUTH FLORIDA
Operational Details of
Money Market Mutual
Funds! How Do I Buy
Bonds?
How the Federal
Deposit Insurance
Corporation Works?
What's the difference
between a recession
and a depression?
Bond Basics: Different
Types Of Bonds
Money Market Mutual
Funds! How Do I Buy
Bonds?
How the Federal
Deposit Insurance
Corporation Works?
What's the difference
between a recession
and a depression?
Bond Basics: Different
Types Of Bonds
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-- SOUTH FLORIDA REAL
ESTATE INVESTMENTS. ---
FIVE IMPORTANT THINGS
EVERY REAL ESTATE
INVESTOR SHOULD KNOW
ABOUT?... ATTENTION,
ATTENTION HOME-BUYERS
AND SELLERS...
--- REAL ESTATE
INVESTMENTS: WHY
INVESTING IN REAL ESTATE
TODAY IS A GOOD IDEA FOR
FIRST TIME HOME-BUYERS
AND FOR EVERYONE?
---... Federal Housing
Administration {FHA}
Mortgage Loan Programs
Information Center. Help for
America's Homeowners! How
to make your home
affordable?
--- ...REAL ESTATE
ADVANTAGE AND GREAT
OPPORTUNITY FOR FIRST
TIME HOME-BUYERS IN
SOUTH FLORIDA! ———
-- FIRST TIME HOME-BUYERS.
METHODS, TECHNIQUES,
AND STRATEGIES TO
SUCCEED -- THE MOST
IMPORTANT INFORMATION
FOR FIRST TIME BUYERS...
--- INVESTMENT GENERAL
KNOWLEDGE AND
FINANCING STRATEGY...
INVEST NOW AND GET
RICHER LATER. INVEST YOUR
MONEY TODAY AND GET
RICHER TOMORROW
--- REAL ESTATE FINANCING:
WHERE AND HOW TO FIND
MONEY TO INVEST IN REAL
ESTATE?
Bringing the Dream of Home-
ownership Within Reach...
THE DREAM NOW CAN
BECOME A REALITY.
--- SOUTH FLORIDA REAL
ESTATE INVESTMENTS. ---
FIVE IMPORTANT THINGS
EVERY REAL ESTATE
INVESTOR SHOULD KNOW
ABOUT?... ATTENTION,
ATTENTION HOME-BUYERS
AND SELLERS...
--- NSP --- Neighborhood
Stabilization Program
Neighborhood Stabilization
Program: HUD's new
Neighborhood Stabilization
Program provides emergency
assistance to state and local
governments to...
---... HOME-BUYER'S TAX
CREDIT, ASSISTANCE WITH
DOWN-PAYMENT AND
CLOSING COST. {FLHOP}
FLORIDA HOUSING
OPPORTUNITY PROGRAM.
Utilizing home buyer tax
credit to assist at closing
ESTATE INVESTMENTS. ---
FIVE IMPORTANT THINGS
EVERY REAL ESTATE
INVESTOR SHOULD KNOW
ABOUT?... ATTENTION,
ATTENTION HOME-BUYERS
AND SELLERS...
--- REAL ESTATE
INVESTMENTS: WHY
INVESTING IN REAL ESTATE
TODAY IS A GOOD IDEA FOR
FIRST TIME HOME-BUYERS
AND FOR EVERYONE?
---... Federal Housing
Administration {FHA}
Mortgage Loan Programs
Information Center. Help for
America's Homeowners! How
to make your home
affordable?
--- ...REAL ESTATE
ADVANTAGE AND GREAT
OPPORTUNITY FOR FIRST
TIME HOME-BUYERS IN
SOUTH FLORIDA! ———
-- FIRST TIME HOME-BUYERS.
METHODS, TECHNIQUES,
AND STRATEGIES TO
SUCCEED -- THE MOST
IMPORTANT INFORMATION
FOR FIRST TIME BUYERS...
--- INVESTMENT GENERAL
KNOWLEDGE AND
FINANCING STRATEGY...
INVEST NOW AND GET
RICHER LATER. INVEST YOUR
MONEY TODAY AND GET
RICHER TOMORROW
--- REAL ESTATE FINANCING:
WHERE AND HOW TO FIND
MONEY TO INVEST IN REAL
ESTATE?
Bringing the Dream of Home-
ownership Within Reach...
THE DREAM NOW CAN
BECOME A REALITY.
--- SOUTH FLORIDA REAL
ESTATE INVESTMENTS. ---
FIVE IMPORTANT THINGS
EVERY REAL ESTATE
INVESTOR SHOULD KNOW
ABOUT?... ATTENTION,
ATTENTION HOME-BUYERS
AND SELLERS...
--- NSP --- Neighborhood
Stabilization Program
Neighborhood Stabilization
Program: HUD's new
Neighborhood Stabilization
Program provides emergency
assistance to state and local
governments to...
---... HOME-BUYER'S TAX
CREDIT, ASSISTANCE WITH
DOWN-PAYMENT AND
CLOSING COST. {FLHOP}
FLORIDA HOUSING
OPPORTUNITY PROGRAM.
Utilizing home buyer tax
credit to assist at closing
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The 7 New Rules of Financial Security
In a world turned upside down, you must re-examine some basic
assumptions. A good place to start: understanding the true nature of risk.
Rule No. 1: Risk
Old thinking: If you can stomach the ups and downs that come with risk,
you'll be rewarded.
New rule: Risk isn't about your stomach. It's about making or missing an
important goal.
You know you have to consider risk. But what is risk? Many of us have
learned to think of risk as synonymous with volatility. For years, what came
down reliably bounced back even higher. You could easily conclude that
risk tolerance was just a matter of taste. As long as you had the fortitude to
see the occasional loss on your 401(k) statement and not panic, you would
capture superior returns over time.
What to do: You shouldn't run from risky investments just because they lost
money - that train has left the station. But the old buy-on-the-dips advice isn't
quite right either. This bear market's lesson is that how much risk you can
take is a matter of how much you can lose and still meet your basic goals.
That may mean scaling back on stocks, even if you miss some of the next
market rebound.
Rule No. 2: Cash
Old thinking: Keep enough money in ultrasafe accounts to cover life's
emergencies, but no more.
New rule: Relying more on cash can rescue you in an "asset emergency."
For most of your career you'll want to set aside about six months' worth of
living expenses in the bank. That money covers the mortgage and puts food
on the table should you lose your job. The fact that you'll earn only about 2%
is beside the point. You can't take the risk.
The simultaneous crash in stocks and houses has taught us that we need to
redefine "emergency."Rande Spiegelman, vice president of financial
planning for the Schwab Center for Financial Research, recommends
looking at the next one to three years and adding up any big-ticket stuff you
see coming: tuition, a wedding, a down payment on a house. Once you
have your total, aim to hold that much in a cash account or a low-risk
investment such as a high-quality short-term bond fund.
What to do: It's not easy to build cash savings and a retirement fund at the
same time. If you have to make choices, build up that emergency fund first
because you can't expect to lean on your home equity or stocks if you lose
your job. And see if you have some flexibility on the big-ticket obligations.
Maybe you plan for a state school rather than a private college, or downsize
the wedding. If all your assets are in a 401(k), move some of that balance to
low-risk investment options as you build your cash funds. That will
preserve more to tap via a 401(k) loan in a pinch. Not a terrific option, but it
can beat the alternatives.
In the years just before and after retirement, cash becomes even more
important. You don't want to sell stocks during a bear market to buy
groceries. Aim for two to four years' worth of living expenses in low-risk
assets as you near retirement.
Rule No. 3: Human Capital
Old thinking: The longer your time horizon, the more stocks you should own.
New rule: Time isn't everything. You must also consider your earnings
potential.
It's one of the basic rules of thumb: The more years you have to recoup
losses, the more aggressive you can be. Unfortunately, the math isn't so
clear-cut.
Here's a better way to think about how aggressive your portfolio should be:
Imagine that it includes not only stocks and bonds but also your human
capital, meaning your ability to earn income by working. The safer it is, the
more chances you can afford to take with your other assets - that is, your
portfolio.
This doesn't mean that time no longer matters. As you age, the value of your
human capital declines, and you'll need to secure more of your savings. So
the conventional advice to hold a lot in stocks when you are young and
gradually trim back can still make sense.
But not for everyone. The nature of your career may make your human
capital more bond-like or more stock-like, says finance professor Moshe
Milevsky of York University in Toronto. Tenured professors like Milevsky
have human capital that resembles a triple-A-rated bond, especially when
they have a solid pension plan. Those lucky souls can dive aggressively
into stocks and even stay there as they approach retirement, he says. The
human capital of a commission-based mortgage broker, on the other hand,
is pretty clearly a stock - and it's not a blue chip. That person should own a
fair amount of bonds, even when young.
What to do: Assess your human capital. A typical worker's income is about
70% like a bond and 30% like a stock, says Thomas Idzorek, chief
investment officer for Ibbotson Associates. Use that as your baseline and
then think about how long you'll be working, the stability of your current job,
and your ability to change careers if you have to. You've probably realized
in the past few months that your human capital is not as secure as you once
thought. If you've been an aggressive investor, that alone may be a reason
to shift more of your assets to safer ground.
In a world turned upside down, you must re-examine some basic
assumptions. A good place to start: understanding the true nature of risk.
Rule No. 1: Risk
Old thinking: If you can stomach the ups and downs that come with risk,
you'll be rewarded.
New rule: Risk isn't about your stomach. It's about making or missing an
important goal.
You know you have to consider risk. But what is risk? Many of us have
learned to think of risk as synonymous with volatility. For years, what came
down reliably bounced back even higher. You could easily conclude that
risk tolerance was just a matter of taste. As long as you had the fortitude to
see the occasional loss on your 401(k) statement and not panic, you would
capture superior returns over time.
What to do: You shouldn't run from risky investments just because they lost
money - that train has left the station. But the old buy-on-the-dips advice isn't
quite right either. This bear market's lesson is that how much risk you can
take is a matter of how much you can lose and still meet your basic goals.
That may mean scaling back on stocks, even if you miss some of the next
market rebound.
Rule No. 2: Cash
Old thinking: Keep enough money in ultrasafe accounts to cover life's
emergencies, but no more.
New rule: Relying more on cash can rescue you in an "asset emergency."
For most of your career you'll want to set aside about six months' worth of
living expenses in the bank. That money covers the mortgage and puts food
on the table should you lose your job. The fact that you'll earn only about 2%
is beside the point. You can't take the risk.
The simultaneous crash in stocks and houses has taught us that we need to
redefine "emergency."Rande Spiegelman, vice president of financial
planning for the Schwab Center for Financial Research, recommends
looking at the next one to three years and adding up any big-ticket stuff you
see coming: tuition, a wedding, a down payment on a house. Once you
have your total, aim to hold that much in a cash account or a low-risk
investment such as a high-quality short-term bond fund.
What to do: It's not easy to build cash savings and a retirement fund at the
same time. If you have to make choices, build up that emergency fund first
because you can't expect to lean on your home equity or stocks if you lose
your job. And see if you have some flexibility on the big-ticket obligations.
Maybe you plan for a state school rather than a private college, or downsize
the wedding. If all your assets are in a 401(k), move some of that balance to
low-risk investment options as you build your cash funds. That will
preserve more to tap via a 401(k) loan in a pinch. Not a terrific option, but it
can beat the alternatives.
In the years just before and after retirement, cash becomes even more
important. You don't want to sell stocks during a bear market to buy
groceries. Aim for two to four years' worth of living expenses in low-risk
assets as you near retirement.
Rule No. 3: Human Capital
Old thinking: The longer your time horizon, the more stocks you should own.
New rule: Time isn't everything. You must also consider your earnings
potential.
It's one of the basic rules of thumb: The more years you have to recoup
losses, the more aggressive you can be. Unfortunately, the math isn't so
clear-cut.
Here's a better way to think about how aggressive your portfolio should be:
Imagine that it includes not only stocks and bonds but also your human
capital, meaning your ability to earn income by working. The safer it is, the
more chances you can afford to take with your other assets - that is, your
portfolio.
This doesn't mean that time no longer matters. As you age, the value of your
human capital declines, and you'll need to secure more of your savings. So
the conventional advice to hold a lot in stocks when you are young and
gradually trim back can still make sense.
But not for everyone. The nature of your career may make your human
capital more bond-like or more stock-like, says finance professor Moshe
Milevsky of York University in Toronto. Tenured professors like Milevsky
have human capital that resembles a triple-A-rated bond, especially when
they have a solid pension plan. Those lucky souls can dive aggressively
into stocks and even stay there as they approach retirement, he says. The
human capital of a commission-based mortgage broker, on the other hand,
is pretty clearly a stock - and it's not a blue chip. That person should own a
fair amount of bonds, even when young.
What to do: Assess your human capital. A typical worker's income is about
70% like a bond and 30% like a stock, says Thomas Idzorek, chief
investment officer for Ibbotson Associates. Use that as your baseline and
then think about how long you'll be working, the stability of your current job,
and your ability to change careers if you have to. You've probably realized
in the past few months that your human capital is not as secure as you once
thought. If you've been an aggressive investor, that alone may be a reason
to shift more of your assets to safer ground.
MONEY, FINANCE. ECONONY & BUSINESS
6 Ways to Save Money on Vacation
May 28, 2008
Even though I knew my vacation to Belize last week wouldn't
be cheap, I tried to keep it from getting out of hand with
money-saving travel techniques I've developed by trial and
error. (Spending a dinner's worth of money on ATM fees isn't
the kind of thing you easily forget.) Here are my top six frugal
tips that won't interfere with any vacation fun:
• Rent. If you're going somewhere for more than a couple of
days, look into renting an apartment instead of staying at a
hotel. (Websites for specific destinations can be easily
found through Internet searches.) When you have a kitchen,
you can make breakfast and sometimes lunch and dinner on
your own, which easily adds up to over $40 a day.
• Buy your own beer. If you like a daily beer or cocktail on
vacation, finding a local liquor store and mixing your own
drinks can save up to $10 a person each day.
• Use comparison websites. Travel sites such as Tripadvisor.
com help vacationers find good deals and avoid wasting
money on poor-quality hotels and resorts. Users leave
helpful descriptions about their experiences along with
photos.
• Stick with plastic. By charging as much as possible to
credit cards (and paying them off when you get the bill), you
can avoid hefty international ATM fees, as well as the risk of
losing a wad of cash. Credit card statements also make it
easy to review all the charges once you get home so you
know where your money went.
• Bring snacks. By keeping a few granola bars and a
refillable water bottle in my backpack, I avoid shelling out
money on pricey food at the airport or at kiosks surrounding
tourist destinations. (Added benefit: keeping blood sugar
high enough to enjoy the sites.)
• Ask for deals. Hotels often run specials, especially during
off-season. Ask if breakfast or dinner can be included in
your room rate. (Asking this question by E-mail when we
made one of our bookings for last week got us free dinners
and breakfasts for four days.)
I'd love to hear everyone else's savvy traveling ideas; please
share them below. And check out other bloggers' tips here,
here, and here.
6 Ways to Save Money on Vacation
May 28, 2008
Even though I knew my vacation to Belize last week wouldn't
be cheap, I tried to keep it from getting out of hand with
money-saving travel techniques I've developed by trial and
error. (Spending a dinner's worth of money on ATM fees isn't
the kind of thing you easily forget.) Here are my top six frugal
tips that won't interfere with any vacation fun:
• Rent. If you're going somewhere for more than a couple of
days, look into renting an apartment instead of staying at a
hotel. (Websites for specific destinations can be easily
found through Internet searches.) When you have a kitchen,
you can make breakfast and sometimes lunch and dinner on
your own, which easily adds up to over $40 a day.
• Buy your own beer. If you like a daily beer or cocktail on
vacation, finding a local liquor store and mixing your own
drinks can save up to $10 a person each day.
• Use comparison websites. Travel sites such as Tripadvisor.
com help vacationers find good deals and avoid wasting
money on poor-quality hotels and resorts. Users leave
helpful descriptions about their experiences along with
photos.
• Stick with plastic. By charging as much as possible to
credit cards (and paying them off when you get the bill), you
can avoid hefty international ATM fees, as well as the risk of
losing a wad of cash. Credit card statements also make it
easy to review all the charges once you get home so you
know where your money went.
• Bring snacks. By keeping a few granola bars and a
refillable water bottle in my backpack, I avoid shelling out
money on pricey food at the airport or at kiosks surrounding
tourist destinations. (Added benefit: keeping blood sugar
high enough to enjoy the sites.)
• Ask for deals. Hotels often run specials, especially during
off-season. Ask if breakfast or dinner can be included in
your room rate. (Asking this question by E-mail when we
made one of our bookings for last week got us free dinners
and breakfasts for four days.)
I'd love to hear everyone else's savvy traveling ideas; please
share them below. And check out other bloggers' tips here,
here, and here.
TOUGH TIMES AHEAD! ---- KNOWLEDGEFINANCIAL.COM
First and foremost, it’s about your passion and commitment to your
dream. Ask yourself, would you be doing what you are doing if times
were great and there was a myriad of opportunities at your fingertips?
If the answer is yes, then you can truly say that you should continue
on the path you’re on. You truly believe in your dream, and that is
often more than 90% of the battle. Remember: No one said it would be
easy or hard. It’s about your intention.
--------------------------------------------------
Difficult times: ----- KNOWLEDGEFINANCIAL.COM
Difficult times simply mean you have to be even more thoughtful as to
how to go to market. In, “Growing a Business,” the success or
failure of one’s business is not a function of having a lot of money to
invest in its development.
In fact he states that having too much money at your disposal often
discourages you from using your imagination.
Yes, it’s more than money that makes a business a success or not.
When thinking about the viability of your business, you need to get to
whether or not you can fill a void in the marketplace for your potential
buyer.
-----------------------------------------------------------------------
Transformation: ----- KNOWLEDGEFINANCIAL.COM
Transforming your dream into reality is the role of marketing. This is
where the “rubber meets the road.” Think about why marketing is so
important. It’s about your ability to apply an understanding of current
market conditions and how the consumer may react to them. While
some may say that marketing is a science, I would say that it is an
art. And those who are most successful at it recognize that they need
to create a curious mixture of instinct and knowledge of consumer
behavior in order to succeed.
-------------------------------------------------------------
Don’t be Afraid of Change
Irrespective of what you may feel politically, the election of Barack
Obama does signal that we need to make changes in order to turn
things around. And like generations before us, for the adept marketer
there are numerous opportunities. There will be so many different
needs that a consumer will have, and that’s what makes capitalism
so enduring. So don’t despair, look at the New Year as an opportunity
to re-dedicate yourself to your business and, by doing so, make your
dreams come true.
KNOWLEDGEFINANCIAL.COM
First and foremost, it’s about your passion and commitment to your
dream. Ask yourself, would you be doing what you are doing if times
were great and there was a myriad of opportunities at your fingertips?
If the answer is yes, then you can truly say that you should continue
on the path you’re on. You truly believe in your dream, and that is
often more than 90% of the battle. Remember: No one said it would be
easy or hard. It’s about your intention.
--------------------------------------------------
Difficult times: ----- KNOWLEDGEFINANCIAL.COM
Difficult times simply mean you have to be even more thoughtful as to
how to go to market. In, “Growing a Business,” the success or
failure of one’s business is not a function of having a lot of money to
invest in its development.
In fact he states that having too much money at your disposal often
discourages you from using your imagination.
Yes, it’s more than money that makes a business a success or not.
When thinking about the viability of your business, you need to get to
whether or not you can fill a void in the marketplace for your potential
buyer.
-----------------------------------------------------------------------
Transformation: ----- KNOWLEDGEFINANCIAL.COM
Transforming your dream into reality is the role of marketing. This is
where the “rubber meets the road.” Think about why marketing is so
important. It’s about your ability to apply an understanding of current
market conditions and how the consumer may react to them. While
some may say that marketing is a science, I would say that it is an
art. And those who are most successful at it recognize that they need
to create a curious mixture of instinct and knowledge of consumer
behavior in order to succeed.
-------------------------------------------------------------
Don’t be Afraid of Change
Irrespective of what you may feel politically, the election of Barack
Obama does signal that we need to make changes in order to turn
things around. And like generations before us, for the adept marketer
there are numerous opportunities. There will be so many different
needs that a consumer will have, and that’s what makes capitalism
so enduring. So don’t despair, look at the New Year as an opportunity
to re-dedicate yourself to your business and, by doing so, make your
dreams come true.
KNOWLEDGEFINANCIAL.COM
Managing Debt and Credit
Avoiding credit card overload increases your opportunities to save and invest for important goals.
Topics
Managing Debt and Credit
Installment Debt
Revolving Credit
Using Credit Wisely
Eliminating Credit Card Debt
The Role of Debt
1Managing Debt and Credit
Credit was once defined as "Man's Confidence in Man." But in fact, the definition of credit today is more like
"Man's Confidence in Himself." Using credit today means you have confidence in your future ability to pay
that debt. Forty years ago, your parents may have paid cash for their homes and their cars, a largely
unheard-of event today. If they borrowed money at all, chances are it was from a relative or friend, and not a
financial institution.
Today debt and instant credit are part of our everyday lives. The convenience of instant credit, however, has
taken its toll. Many individuals use credit cards to spend more than they earn, and a few of these people
actually build themselves a debt prison from which some never emerge. On the other hand, those who
never use credit can be denied a loan or credit when they have a justifiable need or use for it. Using credit
establishes a history of financial responsibility: Until you establish a credit history, your chances of qualifying
for an important loan, such as a mortgage, are greatly reduced.
What is the balance between using credit wisely and staying out of overwhelming debt? Let's look at the
facts and some pros and cons.
Back to top
2Installment Debt
Debt comes in many forms, and most types help us in our daily lives -- when used responsibly. Most people
cannot buy a home without some financial help, and many cannot buy a car (especially a new one) without
some sort of financing. The money borrowed to purchase large-ticket items is called installment debt: The
debtor pays a portion of the total at regular intervals over a specified period of time. At the end of that time
period, the loan with interest is paid off.
Installment debt allows you to purchase items at a competitive interest rate: for example, 5% to 7% for a
30-year home mortgage and 8% or 9% for a car loan. The loan is paid back on an amortizing schedule,
monthly payments of a fixed amount that remain constant over the life of the loan. At first, most of the monthly
payment consists of interest. In later years, principal begins to be paid down.
Installment debt is easily budgeted and the debt is eliminated on a predetermined date. Even for those who
may actually have the cash to purchase the desired item, installment debt can make financial sense if you
can earn a higher return (after taxes) on your investment of cash than you must pay on your installment debt.
Back to top
3Revolving Credit
A revolving line of credit, also called "open-ended credit," is made available to you for use at any time.
Examples of revolving credit are credit cards such as Visa, Mastercard, and department store cards. When
you apply for one of these cards, you receive a credit limit based on your credit payment history and income.
When you use the credit line, you must make monthly minimum payments based on the total balance
outstanding that month. Some lines of credit will also have an annual account fee.
While revolving credit is a convenient way to borrow, it can also become an endless pit of minimum
payments that barely cover the interest due. Many cards charge annual rates of interest of 18% or higher. As
you pay off your debt, the minimum payment is also reduced, thus extending your payoff period and,
consequently, the interest you pay. Paying just the minimum due on a $2,000 credit card loan could mean
making monthly interest payments for 10 or more years!
Revolving credit, in addition to being convenient, eliminates the need to carry a lot of cash and can help
establish you as a creditworthy risk for future loans. The itemized monthly statements also can help you track
your expenses. But some people can easily yield to the temptation that the convenience of credit cards
offers. Impulse buying, failing to compare costs, and purchasing large items you can't afford are all downfalls
brought on by always available purchasing power. Spending more than you earn in any given period is a
dangerous practice at best, but doing it over an extended period of time can be financial suicide.
Installment Debt vs. Revolving Debt
Lower interest rates and an amortizing repayment schedule can make installment debt a much cheaper
alternative to revolving credit.
4Using Credit Wisely
To use credit intelligently, start by examining the terms of the card(s) you are currently using. Keeping track
of your cards, their rates, and your current balances will help you to be aware of how you use credit cards.
Increased competition in recent years has led some credit card companies to offer enticing features to
attract new cardholders, including no annual fees and low interest rates for an introductory period. (And
credit card companies sometimes will give their introductory rates to existing cardholders so that they won't
transfer their balances to another credit card company.)
Back to top
5Eliminating Credit Card Debt
If you think you may have too much credit card debt, begin to address it by honestly evaluating your spending
habits. Examine your existing expenses to analyze how your money is spent. You will most likely be able to
identify the problem areas where you are more likely to spend too much or too readily with credit cards.
Then, based on your current spending practices, create a realistic budget to pay off your credit card debt in
the shortest time possible while not adding any more debt to it. For assistance, you may want to turn to your
financial advisor, who can help you to allocate your resources wisely to address your credit card debt.
Back to top
6The Role of Debt
Today, carrying installment debt is almost a fact of life. Mortgages, car loans, or small-business loans (to
name a few) are part of almost everyone's life. On the other hand, carrying credit card debt is usually not a
good idea. At interest rates of 16% and up, it's hard to justify keeping savings that could pay off that 18%
department-store credit card in the bank at 2%.
Debt and credit play increasingly important roles in our lives. As the aging Baby Boomers get closer to their
peak earning years, many are realizing the need to reduce debt and increase savings. Even though
analyzing your spending habits and creating a budget to address your debt may seem a little overwhelming,
the simplicity of the philosophy of the Depression era still stands: Never spend more than you earn. Once you
have come to grips with this basic fact, managing your debt will become far easier and more rewarding.
Back to top
Summary
Installment debt means the loan is paid off in a specified period of time by making predetermined payments
periodically.
Revolving credit is a line of credit that is instantly available through use of a credit card (and sometimes a
check).
As you pay down your debt in a revolving line of credit, the minimum payment is also reduced, thus
extending your payoff period and, consequently, the interest you pay.
Spending more than you earn in any given period is a dangerous practice at best, but doing it over an
extended period of time can be financial suicide.
Checklist
Remove high-interest-rate credit cards from your wallet or purse to reduce the temptation to use them
unnecessarily.
Read the fine print on all account statements to understand how your fees and payment amounts are
calculated.
Prepare to transfer balances from accounts with temporary low interest rates that are scheduled to rise soon.
Use the savings from your debt reduction initiatives to set more money aside for important short- and
long-term financial goals.
Avoiding credit card overload increases your opportunities to save and invest for important goals.
Topics
Managing Debt and Credit
Installment Debt
Revolving Credit
Using Credit Wisely
Eliminating Credit Card Debt
The Role of Debt
1Managing Debt and Credit
Credit was once defined as "Man's Confidence in Man." But in fact, the definition of credit today is more like
"Man's Confidence in Himself." Using credit today means you have confidence in your future ability to pay
that debt. Forty years ago, your parents may have paid cash for their homes and their cars, a largely
unheard-of event today. If they borrowed money at all, chances are it was from a relative or friend, and not a
financial institution.
Today debt and instant credit are part of our everyday lives. The convenience of instant credit, however, has
taken its toll. Many individuals use credit cards to spend more than they earn, and a few of these people
actually build themselves a debt prison from which some never emerge. On the other hand, those who
never use credit can be denied a loan or credit when they have a justifiable need or use for it. Using credit
establishes a history of financial responsibility: Until you establish a credit history, your chances of qualifying
for an important loan, such as a mortgage, are greatly reduced.
What is the balance between using credit wisely and staying out of overwhelming debt? Let's look at the
facts and some pros and cons.
Back to top
2Installment Debt
Debt comes in many forms, and most types help us in our daily lives -- when used responsibly. Most people
cannot buy a home without some financial help, and many cannot buy a car (especially a new one) without
some sort of financing. The money borrowed to purchase large-ticket items is called installment debt: The
debtor pays a portion of the total at regular intervals over a specified period of time. At the end of that time
period, the loan with interest is paid off.
Installment debt allows you to purchase items at a competitive interest rate: for example, 5% to 7% for a
30-year home mortgage and 8% or 9% for a car loan. The loan is paid back on an amortizing schedule,
monthly payments of a fixed amount that remain constant over the life of the loan. At first, most of the monthly
payment consists of interest. In later years, principal begins to be paid down.
Installment debt is easily budgeted and the debt is eliminated on a predetermined date. Even for those who
may actually have the cash to purchase the desired item, installment debt can make financial sense if you
can earn a higher return (after taxes) on your investment of cash than you must pay on your installment debt.
Back to top
3Revolving Credit
A revolving line of credit, also called "open-ended credit," is made available to you for use at any time.
Examples of revolving credit are credit cards such as Visa, Mastercard, and department store cards. When
you apply for one of these cards, you receive a credit limit based on your credit payment history and income.
When you use the credit line, you must make monthly minimum payments based on the total balance
outstanding that month. Some lines of credit will also have an annual account fee.
While revolving credit is a convenient way to borrow, it can also become an endless pit of minimum
payments that barely cover the interest due. Many cards charge annual rates of interest of 18% or higher. As
you pay off your debt, the minimum payment is also reduced, thus extending your payoff period and,
consequently, the interest you pay. Paying just the minimum due on a $2,000 credit card loan could mean
making monthly interest payments for 10 or more years!
Revolving credit, in addition to being convenient, eliminates the need to carry a lot of cash and can help
establish you as a creditworthy risk for future loans. The itemized monthly statements also can help you track
your expenses. But some people can easily yield to the temptation that the convenience of credit cards
offers. Impulse buying, failing to compare costs, and purchasing large items you can't afford are all downfalls
brought on by always available purchasing power. Spending more than you earn in any given period is a
dangerous practice at best, but doing it over an extended period of time can be financial suicide.
Installment Debt vs. Revolving Debt
Lower interest rates and an amortizing repayment schedule can make installment debt a much cheaper
alternative to revolving credit.
4Using Credit Wisely
To use credit intelligently, start by examining the terms of the card(s) you are currently using. Keeping track
of your cards, their rates, and your current balances will help you to be aware of how you use credit cards.
Increased competition in recent years has led some credit card companies to offer enticing features to
attract new cardholders, including no annual fees and low interest rates for an introductory period. (And
credit card companies sometimes will give their introductory rates to existing cardholders so that they won't
transfer their balances to another credit card company.)
Back to top
5Eliminating Credit Card Debt
If you think you may have too much credit card debt, begin to address it by honestly evaluating your spending
habits. Examine your existing expenses to analyze how your money is spent. You will most likely be able to
identify the problem areas where you are more likely to spend too much or too readily with credit cards.
Then, based on your current spending practices, create a realistic budget to pay off your credit card debt in
the shortest time possible while not adding any more debt to it. For assistance, you may want to turn to your
financial advisor, who can help you to allocate your resources wisely to address your credit card debt.
Back to top
6The Role of Debt
Today, carrying installment debt is almost a fact of life. Mortgages, car loans, or small-business loans (to
name a few) are part of almost everyone's life. On the other hand, carrying credit card debt is usually not a
good idea. At interest rates of 16% and up, it's hard to justify keeping savings that could pay off that 18%
department-store credit card in the bank at 2%.
Debt and credit play increasingly important roles in our lives. As the aging Baby Boomers get closer to their
peak earning years, many are realizing the need to reduce debt and increase savings. Even though
analyzing your spending habits and creating a budget to address your debt may seem a little overwhelming,
the simplicity of the philosophy of the Depression era still stands: Never spend more than you earn. Once you
have come to grips with this basic fact, managing your debt will become far easier and more rewarding.
Back to top
Summary
Installment debt means the loan is paid off in a specified period of time by making predetermined payments
periodically.
Revolving credit is a line of credit that is instantly available through use of a credit card (and sometimes a
check).
As you pay down your debt in a revolving line of credit, the minimum payment is also reduced, thus
extending your payoff period and, consequently, the interest you pay.
Spending more than you earn in any given period is a dangerous practice at best, but doing it over an
extended period of time can be financial suicide.
Checklist
Remove high-interest-rate credit cards from your wallet or purse to reduce the temptation to use them
unnecessarily.
Read the fine print on all account statements to understand how your fees and payment amounts are
calculated.
Prepare to transfer balances from accounts with temporary low interest rates that are scheduled to rise soon.
Use the savings from your debt reduction initiatives to set more money aside for important short- and
long-term financial goals.
...REAL ESTATE MARKET: TODAY'S
GREAT DEALS FOR FIRST-TIME HOME-
BUYERS & FOR EVERYONE AS NEVER
SEEN BEFORE! WONDERFUL
OPPORTUNITY TO CREATE
TREMENDOUS AMOUNT OF WEALTH...
..RICH GUIDE, WHY AREN'T RICH?
BUILDING FINANCIAL WEALTH, OBTAIN FINANCIAL FREEDOM,
BECOME A RICH PERSON; YES YOU CAN...
..RULE OF 72: The compound interest and financial success.
Rule Of 72 is the most important and simple rule of financial
success.
..MILLIONAIRE: How To Make Your First $1 Million? The
Millionaire's Mindset
..FORTUNE: BEFORE INVESTING IN THE STOCK MARKET LEARN
THIS FIRST!...
..GOVERNMENT: Government's general information; Local,
State, and Federal.
Housing Finance Authority of Miami dade, Monroe, Broward,
and Palm Beach County
..EMPIRE: THE ABC's OF INVESTMENTS, Ways to Save. THE
TRIANGLE OF SUCCESS...
..INVESTORS: CREATIVE FINANCING:
TOP 10 CREATIVE FINANCING TECHNIQUES AND STRATEGIES
TO FIND MONEY TO INVEST!
The Five C’s of Credit: LEARN MORE..
CREATIVE FINANCE CAN AND WILL MAKE ALL THE DIFFERENCE
WHEN AN INVESTOR DECIDES TO INVEST IN REAL ESTATE...
..HOME INSPECTION: HOW TO GET THE BEST OUT OF IT..
Top 10 home-buying mistakes to avoid!
HOW TO USE HOME INSPECTION REPORTS TO NEGOTIATE
SALE PRICE?...
...ACCOUNTING: The Basics of Accounting...
...TAXES: THE FUNDAMENTAL OF TAXES. THE MORE YOU KNOW,
THE LESS YOU PAY...
...ANALYTICS: Top 9 Real Estate Financial Calculator Problems
every investors should know about...
...REAL ESTATE MARKET: TODAY'S GREAT DEALS FOR FIRST-
TIME HOME-BUYERS & FOR EVERYONE AS NEVER SEEN
BEFORE! WONDERFUL OPPORTUNITY TO CREATE
TREMENDOUS AMOUNT OF WEALTH...
..FINANCIAL SYSTEM: THE UNITED STATES FINANCIAL SYSTEM
AND THE ENTIRE WORLD. LEARN MORE...
..MONEY MANAGEMENT: Ten Resolutions to Make Your
Financial Life, Three Ways to Put Your Budget On on Auto Pilot
Easier, 10 Ways to Avoid Overdraft and Bounced Check Fees...
..
..SAVING MONEY: THE SECRETS TO SAVE MONEY, 66 WAYS TO
SAVE MONEY, WAYS TO SAVE MONEY ON GAS...
..FINANCE: THE BANKING AND THE AMERICAN FINANCIAL
SYSTEM HISTORY, SUCCESS AND FAILURE...
.. BANKING SYSTEM, BANKING HISTORY: FINANCIAL
KNOWLEDGE, GREAT THINGS TO KNOW ABOUT THE AMERICAN
BANKING HISTORY
...
GREAT DEALS FOR FIRST-TIME HOME-
BUYERS & FOR EVERYONE AS NEVER
SEEN BEFORE! WONDERFUL
OPPORTUNITY TO CREATE
TREMENDOUS AMOUNT OF WEALTH...
..RICH GUIDE, WHY AREN'T RICH?
BUILDING FINANCIAL WEALTH, OBTAIN FINANCIAL FREEDOM,
BECOME A RICH PERSON; YES YOU CAN...
..RULE OF 72: The compound interest and financial success.
Rule Of 72 is the most important and simple rule of financial
success.
..MILLIONAIRE: How To Make Your First $1 Million? The
Millionaire's Mindset
..FORTUNE: BEFORE INVESTING IN THE STOCK MARKET LEARN
THIS FIRST!...
..GOVERNMENT: Government's general information; Local,
State, and Federal.
Housing Finance Authority of Miami dade, Monroe, Broward,
and Palm Beach County
..EMPIRE: THE ABC's OF INVESTMENTS, Ways to Save. THE
TRIANGLE OF SUCCESS...
..INVESTORS: CREATIVE FINANCING:
TOP 10 CREATIVE FINANCING TECHNIQUES AND STRATEGIES
TO FIND MONEY TO INVEST!
The Five C’s of Credit: LEARN MORE..
CREATIVE FINANCE CAN AND WILL MAKE ALL THE DIFFERENCE
WHEN AN INVESTOR DECIDES TO INVEST IN REAL ESTATE...
..HOME INSPECTION: HOW TO GET THE BEST OUT OF IT..
Top 10 home-buying mistakes to avoid!
HOW TO USE HOME INSPECTION REPORTS TO NEGOTIATE
SALE PRICE?...
...ACCOUNTING: The Basics of Accounting...
...TAXES: THE FUNDAMENTAL OF TAXES. THE MORE YOU KNOW,
THE LESS YOU PAY...
...ANALYTICS: Top 9 Real Estate Financial Calculator Problems
every investors should know about...
...REAL ESTATE MARKET: TODAY'S GREAT DEALS FOR FIRST-
TIME HOME-BUYERS & FOR EVERYONE AS NEVER SEEN
BEFORE! WONDERFUL OPPORTUNITY TO CREATE
TREMENDOUS AMOUNT OF WEALTH...
..FINANCIAL SYSTEM: THE UNITED STATES FINANCIAL SYSTEM
AND THE ENTIRE WORLD. LEARN MORE...
..MONEY MANAGEMENT: Ten Resolutions to Make Your
Financial Life, Three Ways to Put Your Budget On on Auto Pilot
Easier, 10 Ways to Avoid Overdraft and Bounced Check Fees...
..
..SAVING MONEY: THE SECRETS TO SAVE MONEY, 66 WAYS TO
SAVE MONEY, WAYS TO SAVE MONEY ON GAS...
..FINANCE: THE BANKING AND THE AMERICAN FINANCIAL
SYSTEM HISTORY, SUCCESS AND FAILURE...
.. BANKING SYSTEM, BANKING HISTORY: FINANCIAL
KNOWLEDGE, GREAT THINGS TO KNOW ABOUT THE AMERICAN
BANKING HISTORY
...
REAL ESTATE FREE SERVICE: Real Estate is a road-map to
riches, it’s one of the best way to build wealth. Search For, & Buy
Property in Any City; Anywhere. Click Here...
FREE SERVICE: Real Estate Assistance Program For Home-Buyers &
sellers. FREE MONEY: EARN CASH BACK UP TO $2,500.00. LEARN
MORE HERE!...
REAL ESTATE GENERAL INFORMATION CENTER: Money-Making
Information You'll Need to Succeed in Real Estate...
Mortgage Loans Learning Center: Everything About Mortgage
Home Loans. What You Need to Know Before & After Taking a
Mortgage Loan..
FREE Home Value Report, {CMA - Home Appraisal} What is the
value of your home? Find-out Now.. IT'S FREE.
HOME-BUYERS FREE SERVICE: Before you buy it, you must know
how much it worths. What's the exact or approximate value of it?
FIND-OUT NOW!..
HOME INSPECTION: How to use home inspection reports report to
negotiate sale price? How to Identify a Qualified and Reliable Home
Inspector? How to Interpret Home Inspection Reports?
FREE HOME ADVERTISEMENT FOR {FSBO}: For Sale By Owner;
Let us put your property on the market For Sale. IT'S FREE -- Your
listing will be available to thousands of buyers & investors...
REAL ESTATE WANTED: Private Investors Want Commercial
Properties. Will Look at all income producing properties. CONTACT
US...
riches, it’s one of the best way to build wealth. Search For, & Buy
Property in Any City; Anywhere. Click Here...
FREE SERVICE: Real Estate Assistance Program For Home-Buyers &
sellers. FREE MONEY: EARN CASH BACK UP TO $2,500.00. LEARN
MORE HERE!...
REAL ESTATE GENERAL INFORMATION CENTER: Money-Making
Information You'll Need to Succeed in Real Estate...
Mortgage Loans Learning Center: Everything About Mortgage
Home Loans. What You Need to Know Before & After Taking a
Mortgage Loan..
FREE Home Value Report, {CMA - Home Appraisal} What is the
value of your home? Find-out Now.. IT'S FREE.
HOME-BUYERS FREE SERVICE: Before you buy it, you must know
how much it worths. What's the exact or approximate value of it?
FIND-OUT NOW!..
HOME INSPECTION: How to use home inspection reports report to
negotiate sale price? How to Identify a Qualified and Reliable Home
Inspector? How to Interpret Home Inspection Reports?
FREE HOME ADVERTISEMENT FOR {FSBO}: For Sale By Owner;
Let us put your property on the market For Sale. IT'S FREE -- Your
listing will be available to thousands of buyers & investors...
REAL ESTATE WANTED: Private Investors Want Commercial
Properties. Will Look at all income producing properties. CONTACT
US...
AMERICA'S WAY OF LIFE: UNITED STATES Government Most
Important Websites to know About!...
UNITED STATES CONSTITUTION: "CHARTERS OF FREEDOM"
Unknowm Information to learn about!...
GOVERNMENT INFORMATION CENTER: Federal. State, Counties &
Cities...
FREE CREDIT REPORT: Get a Free Credit Report From all 3 Credit
Bureaus
Banking & Finance: The more you know the closer you are to
accomplish great success. Business, Financial, Commercial News &
Commentary...
FREE FINANCIAL ADVICE: WAYS TO SAVE MONEY, TO MAKE
MONEY, AND GET OUT OF DEBT
FREE CREDIT HELP, CREDIT INFO: SAVE YOUR CREDIT, RESCUE IT,
FIX IT, PROTECT IT, INCREASE YOUR SCORE...
INSURANCE 101: How to save money on your insurance?
5 INSURANCE POLICIES EVERYONE SHOULD HAVE, AND 15
INSURANCE POLICIES YOU MAY NOT NEED.
FORTUNE: National Association Of Securities Dealers -{ NASDD /
FINRA}. BEFORE YOU START INVESTING ANY MONEY; LEARN THIS
FIRST!...
FREE SERVICE, LICENSING HELP: Make a Professional License,
Renew a License, Check Status of a License, Register a Business...
A Florida Real Estate Investment company is looking for:
Foreclosure Properties to buy. CASH OR TERMS. CONTACT US...
Important Websites to know About!...
UNITED STATES CONSTITUTION: "CHARTERS OF FREEDOM"
Unknowm Information to learn about!...
GOVERNMENT INFORMATION CENTER: Federal. State, Counties &
Cities...
FREE CREDIT REPORT: Get a Free Credit Report From all 3 Credit
Bureaus
Banking & Finance: The more you know the closer you are to
accomplish great success. Business, Financial, Commercial News &
Commentary...
FREE FINANCIAL ADVICE: WAYS TO SAVE MONEY, TO MAKE
MONEY, AND GET OUT OF DEBT
FREE CREDIT HELP, CREDIT INFO: SAVE YOUR CREDIT, RESCUE IT,
FIX IT, PROTECT IT, INCREASE YOUR SCORE...
INSURANCE 101: How to save money on your insurance?
5 INSURANCE POLICIES EVERYONE SHOULD HAVE, AND 15
INSURANCE POLICIES YOU MAY NOT NEED.
FORTUNE: National Association Of Securities Dealers -{ NASDD /
FINRA}. BEFORE YOU START INVESTING ANY MONEY; LEARN THIS
FIRST!...
FREE SERVICE, LICENSING HELP: Make a Professional License,
Renew a License, Check Status of a License, Register a Business...
A Florida Real Estate Investment company is looking for:
Foreclosure Properties to buy. CASH OR TERMS. CONTACT US...
Rule No. 4: Borrowing
Old thinking: Borrowing sensibly is a good way to build wealth.
New rule: Borrow cautiously. You have to worry about the other guy's
debt too.
The quarter-century leading up to 2007 wasn't simply a golden age for
stocks. It was also a bull market for leverage. (That's Wall
Streetspeak for debt.) Since 1982, mortgage rates have fallen from
16% to below 6%. The levy on college loans dropped to around 3%.
Americans responded to easy credit in a predictable way. The
personal savings rate fell from over 12% to zilch, and household debt
payments as a percentage of disposable income rose by a third as
families "put it on the card" and paid for lavish kitchen upgrades with
home-equity loans.
Looking back, America's borrowing binge was nuts. Families were
leaning on housing wealth, and that wealth was shaky.
The obvious moral here is to be conservative. There are always good
reasons to borrow, even today. You need a mortgage to buy a house,
and a college education provides enough of a lifetime payoff to justify
a loan. But you ought to stretch less.
There's a subtler lesson too. David Ellison, president of the FBR
Funds, says that you have more exposure to leverage than you think,
especially now that everyone is trying to unload debt. Perhaps your
employer borrowed a lot over the past decade and now needs to
conserve cash, so it's laying off staff. Suddenly that HELOC you could
easily handle on your salary doesn't look like such a super idea. You
can't lean on your investments for help, because many of the
companies you owned used leverage to pump up profits, and now
they can't borrow, so their earnings and stock prices are falling. And
it's harder to shore up your own balance sheet by selling your house
when banks are reining in lending and potential buyers are scared to
borrow for an asset that may decline further.
What to do: Be conservative about debt? Make that very
conservative. Especially when your neighbors aren't. Get a mortgage
you can afford for the life of the loan, and put at least 20% down.
Rule No. 5: Housing
Old thinking: You can expect your house to appreciate handsomely
over the long run.
New rule: Your home won't make you rich. But it is an important
savings tool.
If you live on one of the coasts, you probably guessed sometime
around 2005 that home prices couldn't keep rising the way they were.
But the severity of the crash was still a shock: You heard a lot about
how the market would have to "cool off" or "get back to normal" - the
implication being that slow but steady appreciation was the future.
But the long-run data always told a different story. Yale University
economist Robert Shiller looked closely in 2005 at the history of home
prices since 1890, using a database he constructed. What he found
was surprising. Except for two spectacular booms - the first after
World War II and the second starting in 1998 - real estate appreciation
has been unimpressive after figuring in inflation. As Shiller wrote in
"Irrational Exuberance," technology has allowed builders to nail up
more houses faster, ensuring that supply never gets too far behind
demand (and often gets ahead of it).
Even when prices are rising, gains on real estate aren't as dazzling
as they look, once you account for expenses. Maintenance costs
typically run at about 1% of a home's value annually, in addition to
insurance and taxes. If you remodel, the most you can expect to
recoup is about 80%. You have to pay steep fees when you buy (up to
3% in closing costs) and sell (up to 6% for realtor fees).
What to do: This doesn't mean you have to rent, just that you should
have modest expectations for your house as a wealth builder. There
are still financial pluses. First, owning a house gives you a hedge
against rising values in your own community so that you don't risk
being priced out as rents go up. (Ask a New Yorker about that.)
Second, a traditional 30-year mortgage acts as what economists call
a "commitment device," or a tool that forces you to save. Instead of
writing a check to a landlord, you gradually pay off principal. At the
end, you own a house. Aside from your 401(k), no other asset
enforces such discipline.
Rule No. 6: Diversification
Old thinking: A diversified portfolio lowers your risk.
New rule: Diversification won't always save you - and you need more
of it than you think.
Diversification hasn't stopped you from getting hurt in this downturn.
Both U.S. and foreign stocks are deep in the red. Holding bonds did
cushion your losses, but most kinds of bonds still declined. What
happened?
Jeremy Grantham, chief investment strategist at GMO, observed
back in 2007 that we had a bubble not just in one or two kinds of
assets, but in risk. Investors around the world were so confident, and
so hungry for even a little extra return, that they were throwing money
at anything that might deliver. Now that the risk bubble has burst, all
those investors want now is the safety of U.S. Treasuries. So
everything has moved roughly in sync, both up and down, for a few
years.
Bear in mind, though, that these times are, to say the least, unusual.
Over a longer period - as little as a decade - diversification still looks
effective. While large U.S. stocks are down the past 10 years, U.S.
corporate bonds earned 4.6% a year for the same period.
But in a global economy where money moves quickly, you have to
work harder at diversification than before.
What to do: To ensure you are diversified, you don't have to go out
and buy 16 new mutual funds. First, look under the hood of the funds
you have to see if you already own some of those assets. An easy
way to do so is to plug your holdings into Morningstar.com's Instant
X-Ray tool. And buy funds that kill two birds with one stone. The T.
Rowe Price International Bond fund, for example, invests up to 20%
of its assets in emerging markets and the rest in developed
countries. Put that together with a high-yield fund and a broad U.S.
bond fund, and you'll own most of the bond universe.
Rule No. 7: Retirement
Old thinking: Retiring early is a prize.
New rule: Retiring early is a problem.
Ever since Uncle Sam set 65 as the age you could retire and collect
full Social Security benefits (it's 66 or 67 for boomers today), workers
have been trying to beat that bogey by quitting early. And that seemed
well within reach earlier in this decade after a bull market that gave
workers confidence that their money could work for them rather than
the other way around.
But the reality of early retirement, even before the stock market's
sickening plunge, was never quite that rosy. More than half of early
retirees leave work before they intended, and of those, nine in 10
depart because they get sick or are downsized.
And now the financial prospects for those who had a shot at a secure
early retirement have dimmed: Long-tenured workers nearing
retirement have seen their 401(k) accounts shrink an average of 30%
over the past 14 months, according to EBRI. There's no way around it:
The numbers require you to rethink your plans.
What to do: "By delaying retirement just one year you could increase
your annual retirement income by 9%," says Richard Johnson, senior
fellow at the Urban Institute. If you can hang on to your current
high-paying post, great. The reality, of course, is that in an era of
harsh cost cutting, well-paid older workers are more vulnerable. And
you might not want to stick it out any longer anyway if the severance
is decent. But there's much to be gained from finding another job,
even if it's a lower-paid or part-time position. If you can earn enough
to avoid collecting Social Security benefits early or dipping into your
retirement accounts, research by T. Rowe Price shows, you'll barely
feel a hit to your income when you do retire. If your new job comes
with health benefits, so much the better. The average health-care tab
for an early retiree before he is eligible for Medicare runs to $8,500 a
year, says an AARP study.
Despite all those benefits, if you are still many years away from the
retire-or-work decision, you should think of working longer as Plan B.
As we noted, you won't have complete control over your ability to
work - your health or the job market could make it difficult. That
means you can't afford to assume that you'll just work a few more
years if things go wrong. You will still have to stick to rules 1 through
6.
Old thinking: Borrowing sensibly is a good way to build wealth.
New rule: Borrow cautiously. You have to worry about the other guy's
debt too.
The quarter-century leading up to 2007 wasn't simply a golden age for
stocks. It was also a bull market for leverage. (That's Wall
Streetspeak for debt.) Since 1982, mortgage rates have fallen from
16% to below 6%. The levy on college loans dropped to around 3%.
Americans responded to easy credit in a predictable way. The
personal savings rate fell from over 12% to zilch, and household debt
payments as a percentage of disposable income rose by a third as
families "put it on the card" and paid for lavish kitchen upgrades with
home-equity loans.
Looking back, America's borrowing binge was nuts. Families were
leaning on housing wealth, and that wealth was shaky.
The obvious moral here is to be conservative. There are always good
reasons to borrow, even today. You need a mortgage to buy a house,
and a college education provides enough of a lifetime payoff to justify
a loan. But you ought to stretch less.
There's a subtler lesson too. David Ellison, president of the FBR
Funds, says that you have more exposure to leverage than you think,
especially now that everyone is trying to unload debt. Perhaps your
employer borrowed a lot over the past decade and now needs to
conserve cash, so it's laying off staff. Suddenly that HELOC you could
easily handle on your salary doesn't look like such a super idea. You
can't lean on your investments for help, because many of the
companies you owned used leverage to pump up profits, and now
they can't borrow, so their earnings and stock prices are falling. And
it's harder to shore up your own balance sheet by selling your house
when banks are reining in lending and potential buyers are scared to
borrow for an asset that may decline further.
What to do: Be conservative about debt? Make that very
conservative. Especially when your neighbors aren't. Get a mortgage
you can afford for the life of the loan, and put at least 20% down.
Rule No. 5: Housing
Old thinking: You can expect your house to appreciate handsomely
over the long run.
New rule: Your home won't make you rich. But it is an important
savings tool.
If you live on one of the coasts, you probably guessed sometime
around 2005 that home prices couldn't keep rising the way they were.
But the severity of the crash was still a shock: You heard a lot about
how the market would have to "cool off" or "get back to normal" - the
implication being that slow but steady appreciation was the future.
But the long-run data always told a different story. Yale University
economist Robert Shiller looked closely in 2005 at the history of home
prices since 1890, using a database he constructed. What he found
was surprising. Except for two spectacular booms - the first after
World War II and the second starting in 1998 - real estate appreciation
has been unimpressive after figuring in inflation. As Shiller wrote in
"Irrational Exuberance," technology has allowed builders to nail up
more houses faster, ensuring that supply never gets too far behind
demand (and often gets ahead of it).
Even when prices are rising, gains on real estate aren't as dazzling
as they look, once you account for expenses. Maintenance costs
typically run at about 1% of a home's value annually, in addition to
insurance and taxes. If you remodel, the most you can expect to
recoup is about 80%. You have to pay steep fees when you buy (up to
3% in closing costs) and sell (up to 6% for realtor fees).
What to do: This doesn't mean you have to rent, just that you should
have modest expectations for your house as a wealth builder. There
are still financial pluses. First, owning a house gives you a hedge
against rising values in your own community so that you don't risk
being priced out as rents go up. (Ask a New Yorker about that.)
Second, a traditional 30-year mortgage acts as what economists call
a "commitment device," or a tool that forces you to save. Instead of
writing a check to a landlord, you gradually pay off principal. At the
end, you own a house. Aside from your 401(k), no other asset
enforces such discipline.
Rule No. 6: Diversification
Old thinking: A diversified portfolio lowers your risk.
New rule: Diversification won't always save you - and you need more
of it than you think.
Diversification hasn't stopped you from getting hurt in this downturn.
Both U.S. and foreign stocks are deep in the red. Holding bonds did
cushion your losses, but most kinds of bonds still declined. What
happened?
Jeremy Grantham, chief investment strategist at GMO, observed
back in 2007 that we had a bubble not just in one or two kinds of
assets, but in risk. Investors around the world were so confident, and
so hungry for even a little extra return, that they were throwing money
at anything that might deliver. Now that the risk bubble has burst, all
those investors want now is the safety of U.S. Treasuries. So
everything has moved roughly in sync, both up and down, for a few
years.
Bear in mind, though, that these times are, to say the least, unusual.
Over a longer period - as little as a decade - diversification still looks
effective. While large U.S. stocks are down the past 10 years, U.S.
corporate bonds earned 4.6% a year for the same period.
But in a global economy where money moves quickly, you have to
work harder at diversification than before.
What to do: To ensure you are diversified, you don't have to go out
and buy 16 new mutual funds. First, look under the hood of the funds
you have to see if you already own some of those assets. An easy
way to do so is to plug your holdings into Morningstar.com's Instant
X-Ray tool. And buy funds that kill two birds with one stone. The T.
Rowe Price International Bond fund, for example, invests up to 20%
of its assets in emerging markets and the rest in developed
countries. Put that together with a high-yield fund and a broad U.S.
bond fund, and you'll own most of the bond universe.
Rule No. 7: Retirement
Old thinking: Retiring early is a prize.
New rule: Retiring early is a problem.
Ever since Uncle Sam set 65 as the age you could retire and collect
full Social Security benefits (it's 66 or 67 for boomers today), workers
have been trying to beat that bogey by quitting early. And that seemed
well within reach earlier in this decade after a bull market that gave
workers confidence that their money could work for them rather than
the other way around.
But the reality of early retirement, even before the stock market's
sickening plunge, was never quite that rosy. More than half of early
retirees leave work before they intended, and of those, nine in 10
depart because they get sick or are downsized.
And now the financial prospects for those who had a shot at a secure
early retirement have dimmed: Long-tenured workers nearing
retirement have seen their 401(k) accounts shrink an average of 30%
over the past 14 months, according to EBRI. There's no way around it:
The numbers require you to rethink your plans.
What to do: "By delaying retirement just one year you could increase
your annual retirement income by 9%," says Richard Johnson, senior
fellow at the Urban Institute. If you can hang on to your current
high-paying post, great. The reality, of course, is that in an era of
harsh cost cutting, well-paid older workers are more vulnerable. And
you might not want to stick it out any longer anyway if the severance
is decent. But there's much to be gained from finding another job,
even if it's a lower-paid or part-time position. If you can earn enough
to avoid collecting Social Security benefits early or dipping into your
retirement accounts, research by T. Rowe Price shows, you'll barely
feel a hit to your income when you do retire. If your new job comes
with health benefits, so much the better. The average health-care tab
for an early retiree before he is eligible for Medicare runs to $8,500 a
year, says an AARP study.
Despite all those benefits, if you are still many years away from the
retire-or-work decision, you should think of working longer as Plan B.
As we noted, you won't have complete control over your ability to
work - your health or the job market could make it difficult. That
means you can't afford to assume that you'll just work a few more
years if things go wrong. You will still have to stick to rules 1 through
6.
FOR HOMES BUYING, HOMES SELLING,
HOMES FINANCING & REFINANCING.
SOUTH FLORIDA, PLEASE CALL Mr.
ANTONY AT: 786-709-6577
HOMES FINANCING & REFINANCING.
SOUTH FLORIDA, PLEASE CALL Mr.
ANTONY AT: 786-709-6577
YOU'RE LOOKING FOR BUYING, SELLING, LEASING A
REAL ESTATE PROPERTY IN THE SOUTH FLORIDA
AREA.
STOP LOOKING;
WE CAN HELP YOU .CALL US AT: 786-709-6577
REAL ESTATE PROPERTY IN THE SOUTH FLORIDA
AREA.
STOP LOOKING;
WE CAN HELP YOU .CALL US AT: 786-709-6577
| HOW TO BUY A BUSINESS? THE BEST GIFT YOU CAN EVER PROVIDE FOR YOURSELF: IS BUYING, CREATING, OWNING A BUSINESS IN YOUR OWN. METHODS, TECHNIQUES, AND STRATEGIES. TO ESTABLISH A SOLID BUSINESS. HOW TO BUY A FRANCHISE? Buying a Franchise a Consumer Guide: Investments and Business Opportunities / Franchise & Business Opportunities for all. The Benefits and Responsibilities of Franchise Ownership .How to Register Your Business with the Secretary of State.?. State Business Entity Registration.. State Licenses and Permits . Steps to Registering a Business. FINANCIAL KNOWLEDGE: Investments, and Insurance knowledge to help you start your own business. Be your own boss, make extra money, secure your financial future, obtain financial freedom. LEARN MORE.. |
| HOW TO BUY A BUSINESS? THE BEST GIFT YOU CAN EVER PROVIDE FOR YOURSELF: IS BUYING, CREATING, OWNING A BUSINESS IN YOUR OWN. METHODS, TECHNIQUES, AND STRATEGIES. TO ESTABLISH A SOLID BUSINESS. HOW TO BUY A FRANCHISE? Buying a Franchise a Consumer Guide: Investments and Business Opportunities / Franchise & Business Opportunities for all. The Benefits and Responsibilities of Franchise Ownership .How to Register Your Business with the Secretary of State.?. State Business Entity Registration.. State Licenses and Permits . Steps to Registering a Business. FINANCIAL KNOWLEDGE: Investments, and Insurance knowledge to help you start your own business. Be your own boss, make extra money, secure your financial future, obtain financial freedom. LEARN MORE.. |
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