Today I'm going to tell you the third part of the process about how to become a millionaire in five yearsLANE #4 - THE INTERNETI'm not going to tell you that making money online is easy, but like all wealth creation, it's simple when you know how.I created a six-figure turnover business, The Money Gym, using a very simple marketing plan, online, but I had to work at it. But every month the passive income element of that business grew and grew and...more
Even people that know virtually nothing about finance and Wall Street are talking about the serious impact the subprime mortgage catastrophe has had on our economy. While the incredible number of failed subprime mortgages may have started the economic tumble, the continued financial problems and people's inability to obtain a mortgage or mortgage refinancing of their home is exacerbated by poor credit scores.To make matters worse, with the...more
Each week, I receive countless emails from loan officers dissatisfied with their small commission checks, looking for something better within the industry. They've learned the mortgage business inside and out, and have made the necessary sacrifices to put their career on firm standing. Not satisfied with the measly yield spreads and basis points their current company is paying, they look at other options and a way out.You may recall in a previous article, I mentioned that:"When I first started in the industry, my commission spread was 20% of the yield spread premium or YSP. And, if that wasn't bad enough, we worked on teams of three peopletwo loan officers and a processor. This meant that any commissions I and my team earned, had to be split three-ways amongst us all. I'm not kidding! My commission after all was said and done was a measly 6.5-7.0% of the YSP. So, on a $3,000 loan, I would make about $200 at most. You don't want to see what it looked like after they took taxes-out. Absolutely pitiful. Being ignorant (of the mortgage industry), didn't make me stupid." --END QUOTE.If you are currently working as a loan officer, and want to know your career options, here...more
Today's Architect has a tough decision to make when it comes to choosing materials. There is steel and glass and concrete and wood. What about fabric! Architectural Fabric Structures are fast becoming a very common and visible part of the built environment. No longer used for garden parties and traveling circuses, these structures come in many new...more
What Can a Freelance Writer Do For You?A freelance writer is an independent contractor who usually telecommutes (works from home). You might hire a freelance writer for a small project or on an on-going basis to do regular work, part- or full-time. Freelance writers can tackle any writing or editing project you may have, including: articles,...more
Those Britons who are paying for their energy through a prepayment scheme are losing out on millions of pounds, according to findings by a price comparison website.In a study carried out by moneysupermarket, it was revealed that the typical person meeting the cost of their utility bills via prepayment is paying out an average of 1,026 pounds 46 pence. However, by switching to pay by monthly direct debit, such a consumer would pay 853 pounds 96 pence. Overall, it claimed that prepaying Britons are missing out on total savings of 862.5 million pounds.Due to difficulties with meeting the cost of household bills, it may also be possible that many consumers develop problems with other sources of financial constraint. Such areas could well include mortgage or rent costs, loans and store and credit cards.Furthermore, it seems that those who choose to prepay for their gas and electricity with British Gas could be coming under most monetary pressures. Such consumers were indicated as paying out 1,143 pounds 59 pence, although by changing to direct debit costs would fall to 879 pounds 97 pence. Generating a total saving of 263 pounds 62 pence, this is the biggest amount of money among the...more
We are in recession and have just began to chip away at the tip of an iceberg that is credit crisis. Former Treasury Secretary Larry Summers recently stated, "We are facing the most serious financial stress that the U.S. has seen in at least a...more
Let's admit it; we all want to be more, do more, and have more. When you ask people if they would like to be happier, healthier, or more prosperous financially, you are certain to get an affirmative response. This is because every living thing in...more
It has been said often enough in recent times that buy-to-let has two notable characteristics at present. One of these is that there is a determination on the part of most investors to make their investment a long-term one, eschewing the notion of...more
The news earlier this week from the Council of Mortgage Lenders (CML) that the number of buy-to-let mortgages taken out last year was higher in the credit-crunch blighted second half than the roaring first six months may have surprised many. But it...more
Portugal has always been a popular destination for Britons wishing to purchase a holiday home abroad or to buy a place in the sun for their retirement. Pure investment purposes have also been behind such foreign property transactions, but according...more
Buy-to-let investment in the UK is set to go from strength to strength in 2008, it has been suggested by one industry commentator.Malcolm Harrison from the Association of Residential Letting Agents (Arla) has claimed that this year could be yet...more