You wouldn't build your home on anything less than a solid foundation. Similarly, you can't build wealth and financial independence without first having sound foundational principles to build upon.I have found that many people are working on wealth building strategies such as maximizing their 401K returns, aggressive stock trading, and real estate investing without such a foundation.Most of my clients are coming from a "one step forward, two...more
If someone offered to loan you $2100 of your own money at interest rates of up to 222% you'd probably laugh at them and walk away; but, this spring, 1 in 10 Americans will do just that: they'll borrow their own money at interest rates as high as 744% thru refund-anticipation or "rapid refund" loans.Refund anticipation loans are short term, high interest loans that commercial tax preparation services offer to taxpayers as a way for filers to get...more
A strong tendency towards a sellers market will continue until the baby boomers finish the cycle of buying and selling real estate, estimated to end in 20 years, according to the Senior Real Estate Association. Baby boomers (born between 1946-1964) are in their peak years for real estate investment. Real estate investments will continue to be lucrative throughout the cycle. The realtor and seller must work together to develop strategies to compete in this market. New construction is booming, and re-sells are competing with them. If a buyer looks at a house that needs work, they may assume it's available for a bargain price, the 'handyman's special.' Avoid this, and obtain the maximum amount for your home sale. The Value of Obtaining a Home InspectionThere is a number 1 rule in selling real estate for the highest dollar. The seller should obtain a home inspection before putting the home on the market. An inspection will uncover hidden problems in the home before the buyer views it. If the seller waits for the buyer's inspector to inform him or her, the seller will either have to fix it or lower the price. In some cases, sellers lose the deal over issues uncovered at inspection....more
There are many simple, infallible ways to earn income, and one of the surest ways is through marketing your business on the internet. When you learn basic internet marketing techniques, you'll wonder why you haven't already jumped on the bandwagon. When you think about it, the only things you'll need to make money is a vision of what you want out...more
If you're like most people, it's hard to make ends meet with just one income. If you are married, both partners must work, spending countless thousands of dollars on childcare and business clothes. To offset their monetary deficit, many people are looking into getting started in their own home business. Both full-time and part-time home businesses...more
What is required to be successful in your home business? Before we can answer, you must understand what "success" means and what common characteristics successful people have. If you are reading this article, you probably want to be successful and possess a strong sense of perseverance which will pay off in achieving your dreams. The truth is that only a small percentage of people will ever achieve their full potential, and those who do are the ones who persevere toward their goals.Success isn't something you chase. It's something you have to put forth the effort for constantly. Then maybe it'll come when you least expect it. Most people don't understand that. -- Michael JordanSuccess is generally looked upon as achieving favorable results and gaining wealth and/or fame, but you must realize that success is different for each individual. For some, a yearly income of a few thousand dollars would be a success, but for another individual it may be several hundred thousand dollars. Whatever your definition of success is, there are several personal characteristics that are common denominators among successful people.Goals are an important factor in realizing success. Without goals that...more
You may operate a home business selling services or products, but no matter which kind of business you're in, there's always a question in the back of your mind: will my home business succeed or fail, or do I have the motivation it takes to keep it...more
You know, this would be a great business if it weren't for having to deal with people all the timeĀ OK, so maybe I've exaggerated things a bit, but we've all certainly heard that saying before. Why does that sentiment ring true for so many folks? ...more
Most one-person businesses don't flounder because their products or services are below par. They struggle because their owner's lack of business skills or business practices gets in the way of being profitable.Are you making these big mistakes?1. You...more
How You Can Make Advertising Pay Big Dividends (source: www.chetholmes.com)McGraw Hill once commissioned an extensive study to determine what marketing weapons make a company famous in it's market or community. The study went on to show that...more
When it comes to investing, leave your emotions out of it. When it comes to many areas of your life you can rely on your emotions and instincts or gut feelings. But when it comes to investing in the stock market this is a big mistake. Not many people...more
Synergy: {n} The working together of two things to produce an effect greater than the sum of their individual effects.Most businesses operate on two distinct levels: Human Systems - Those systems that are concerned with or operated by people. Process...more