November's unemployment numbers in the United State were recently released and the news was not optimistic. The unemployment rate is still at 10 percent, down only .2 percent from October's 26-year high of 10.2 percent. Unemployment has affected almost every person in the country in some way, but can be especially detrimental to those who, previously retired, are trying to supplement their fixed income. Reverse mortgages can be a...more
It goes without saying that the economy, including all activities in the financial sector, are rather volatile at the moment. This makes accurate predictions difficult to make. We at Krebs Financial have access to the information and analytical resources which give us some confidence in the following prediction about what mortgage interest rates will look like over the following year. Early in 2009, a standard fixed-rate 30-year mortgage...more
Financial freedom is a state where money is no longer an issue in your life. You never need to worry about not having enough money. You never need to think about having to make money. And your choices are not determined solely by the cost. Financial freedom allows individuals to live life fully, however each individual chooses. Everyone has the right and the potential to be financially free, but not everyone uses them. In fact, only about 1 in 5 individuals ever become truly free with regards to money. But what else could we expect? I do not remembered ever being taught about how to achieve success with money in school or at home, and I know that many other individuals never learned the fundamentals either. Understanding what successful people do and doing the same things is an essential aspect of success. There are 5 key success factors for achieve financial freedom. All self made millionaires portray these qualities to some degree, which is why many people refer to them as traits of the "millionaire mindset." Regardless of what you call them, they are essential aspects of high achievement, whether it be in business, with your money, or with any other goals that you may have....more
If you have ever wanted to get into business for yourself, now is the time. Never before have people needed the freedom that comes with self employment as they do now. And never has there been so much opportunity. Sure, the job market may be scarce, but the rich are still getting rich, and many others are planting seeds that will soon land them the...more
Traditional retirement means retiring at age 65 and do one or more of the following: stay at home and wait for your pension every month; do some hobbies for the elderly, such as knitting and gardening or golfing and traveling the world for those who had saved more than enough money for their retirement.Retiring the traditional way usually involves...more
If your primary goal for 2010 is to become wealthy, you will need to learn these three steps on how to be wealthy. One of the best things about these steps is that you can apply them to other aspects of your life which will help you achieve everything that you have imagined.Step 1The first step to becoming wealthy is to stimulate your passion. If you are not passionate about anything, at least become passionate about becoming wealthy! If not, you will not make any progress during 2010. If you are not passionate about learning the skills, techniques and the processes, you will just wander aimless around because you have no hope to do anything constructive. But the good news is you can make the decision right now to take control of your life and reach the financial freedom you deserve. Our destiny is shaped by the decisions we make and you should decide that becoming wealthy is one of your primary goals for 2010.Step 2The second thing that you will need to do to be wealthy in 2010 is to have a plan in place. You want to create a detailed plan so that you can measure where you are at any given point during the year. When measuring your progress you will be able to decide if you are on...more
A purposeless retirement means spending the rest of your retirement years doing practically nothing. Leisure and travel right after your retirement is like your gift to yourself. These things do not last for long though even if you have a big fat...more
It is true, you can build personal wealth. When you choose the right scheme for your financial budget, when you understand the importance of savings and good investments, and incur fewer debts, it is possible to achieve your financial goals. In...more
Saving and Investing are two tools that can help build personal wealth. Saving money is a result of a well-developed budget. When it comes to investing, there are risks that you need to consider and managed. At most, people who are financially...more
A commercial remortgage can help the borrower consolidate his bad debts, which in future, leads him to obtain loans at lower interest rates. However, opting for a remortgage can come as a result of many problems; a business might move in a headlong...more
SELLER CONTRIBUTIONSA "seller contribution" is one of the best-kept secrets in the home-buying process. Thats when the seller of a home puts up some of the money needed toward the buyers closing costs. It can mean the difference between a sale of a...more
The mission of the U.S. Navy is to train, maintain and equip combat ready naval forces. These forces must be able to deter aggression, maintain freedom of the seas, and win wars. In accomplishing that mission, they assure its personnel of the very...more