It is at this time each year when we make New Year's resolutions, to help reduce the gap between where we are today and where we want to be in the future. Having been able to speak to thousands of investors over the last five years, I have compiled a list of my favorite New Year's resolutions that will help stock market investors, no matter which way the market goes this year.1 Reduce CostsWhile most investors are focused on how to make more...more
As a business owner, you want to succeed. You undoubtedly want to increase your sales and make more money. The best way to do this is to offer your customers the ability to pay for merchandise with their credit cards. Whether you operate your business in a physical location or online-only, allowing customers the option of credit card payment is logical. You will increase sales because of the convenience of the payment options you offer. The vast...more
Bankruptcy can make getting any kind of financing much more difficult. However, it's not impossible anymore to get financing, even a few days after the discharge of a bankruptcy. But, is getting a loan soon after a bankruptcy a smart thing to do?It can be tempting to buy a new home, new car, etc., after a bankruptcy discharge you have no debt left. You will probably feel like you can afford a larger house payment. Here are some factors to consider before committing yourself to a new house payment.Pre-Payment Penalty - Almost every subprime loan (bad credit loan) now comes with a pre-payment penalty. This penalty is usually about 6 months worth of house payments. The pre-payment penalty period usually lasts 2-3 years. That means, if you want to refinance or sell your house in that period of time, that will make it very difficult, if not impossible to sell or refinance. That means that you are locked in. Once you sign those mortgage papers you absolutely have to make those payments. If you don't have the amount of the pre-payment penalty in savings, you are locked into making the payments or losing the house.Two Year Mark - Keep in mind that after 2-3 years from the date of the...more
If you have recently filed bankruptcy, it won't be long before you are starting to ask yourself, "Ok, now, what do I do when I need a loan? Where do I got to get approved? Can I get approved?" Here are some overall basics about getting any kind of credit after a bankruptcy.2-3 Years after bankruptcy discharge is the magic number - Once you have...more
When we think of prosperity and of creating abundance, it's easy enough to see how working at a job that we love helps us to earn more money then if we worked at a job we hated. We can also see that if we add plenty of love and warm-fuzzies towards how we treat our coworkers, bosses, employees, and customers, then it makes sense that people will...more
Nothing can be more exciting & terrifying at the same time than buying your 1st home. Everyone talks about all the advantages of buying real estate such as the tax benefits, appreciation etc. But there are some risks involved and the more knowledge you have before you start the process the less vulnerable you will be to those risks. Now that you have decided to take the plunge there are some things you can go to make the experience exciting and pleasurable. One of the 1st things you should do is interview 3 Mortgage Specialists. This accomplishes 3 things, 1st you know in advance how much home you can afford. The worst feeling is to go out looking, find your dream home and then realize you cannot afford it. After that it will be really frustrating trying to find another home. Knowing what your price range is before you start looking assures that when you do find a home you will be able to afford it. 2nd, once you decide to put in an offer, being "Pre-Approved" puts you in a stronger bargaining position, especially it you happen to be in a multiple offer situation. 3nd you will have a relationship established with a mortgage broker. This will move things along much more...more
Before you give up on the idea that you will never be able to get a home equity loan because of your bad credit, first be sure you can't get one. It may save you a lot of work, and it opens up more possibilities for home purchases and help from real...more
Bonding companies look at far more than just owners' personal credit when it comes to contract surety over $100,000. A surety wants to have confidence in their bonded contractors prior to approval. There are numerous different actions a contractor...more
Money spent updating your kitchen rewards you better than money spent on any other upgrades to your home. When it comes to kitchens, buyers continue to demand improvement in efficiency and style, and they love remodeled kitchens and new appliances....more
The yield curve refers to the interest rates on bonds of varying maturity. Normally, we expect the yield on bonds with longer maturities to have a higher yield than those of shorter maturity bonds. Because it is less of a burden to tie up one's money...more
Creating abundance is probably the hottest topic across the internet. Whether you're looking to start a business from your home computer or trying to payoff your mortgage in time to retire with comfort, everyone seems interested in how to get more...more
Women managers, women business owners and other business women must sometimes contend with unenlightened behavior and attitudes from male colleagues. You can either choose to get your dander up each time, which induces stress and health issues that...more