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Does Your School Teach You How to Achieve Financial FreedomAugustine Wu Study hard, get good grades and you will have a bright future! I am pretty sure many of you have been brainwashed by your teachers with this statement when you were students. And your perception of a bright future is most likely to become a lawyer, doctor, engineer, businessman. whatever that promises a high salary. Your school helped you to achieve your goal. It equipped you with the necessary set of skills to thrive in your trade. But does your school train you how to manage your finances once your money starts rolling in. Does your school tell you that you will stop earning that kind of money once you stop working Do your teachers give lectures on the importance of earning residual income and managing personal debts Does your school teach you how to achieve financial freedom Your high salary profession enables you to live in big houses, drive fast cars, own countless country club memberships, go on yearly travels, buy the stuff you longed for But wait! Have the thought of you losing your job ever creeps into your mind The economic bubble burst. Businesses plummet. Your employment company cash flow statement goes into the red. The directors of the company want to cut cost. They decide to layoff employees who take home fat paychecks. You are one of them. Your world collapses when you were retrenched. You suddenly realized that you could not maintain your lavish lifestyle anymore. Your posh house is on mortgage with the local bank. You took a loan for your fast cars. You havent clear your credit card debts. You dig into your savings to appease your creditors for the first few months. But pretty soon, your creditors came knocking on your house door every few days and flood your voice mail with reminders to pay your debts. As important as it is to earn lots of money, managing your finances is paramount to you being able to achieve financial freedom. Once you obtain financial freedom, you would be able to escape the rat race, have more free time to do what you really love, go on vacation as long as you wish and live the lifestyle you wish! Educate yourself to achieve financial freedom. Teach your children on the importance of managing their finances since their school most probably would not do so. There are no shortages of resources around for you to learn and teach. Money is a double edge sword. It could make or break you. But if you could master the skill of managing it, money would be on your side. Embark on a journey to achieve financial freedom. Educate yourself. Be financially free.
| | | | RELATED ARTICLES Mortgage Consumer Bill of Rights This bill of rights was laid out by Franklin Raines, president of Fannie Mae on January 15, 2000. The Mortgage Consumer Bill of Rights is a pledge fof $2 trillion over 10 years to help consumers gain access to home ownership.It also includes an “Open Book” approach to underwriting where customers can see all of the factors that go into evaluating their creditworthiness and the process of applying for a home loan. To Refinance... or Not, That Is The Question What does it mean to refinance Why would someone want to refinance There are many cases when a person would refinance. When we use the term refinance, we are typically referring to a loan such as a car or house loan. It may also be a business loan. For the purpose of this article, we are going to discuss the home loan but most of the same rules of refinancing apply to other types of loans as well. Do You Have to Be Aggressive to Make Sales A few weeks ago I was onsite at a company that had hired me to train their sales team on how to stop using traditional selling and start using the Unlock The Game™ sales approach. Credit and Debt Relief--A One Stop Solution Amy Wright, 34, was extatic when her realtor showed her the three bedroom townhome overlooking the lushious golf course. It was exactly the home she was looking for. The interior was sunny and bright, with a newly remodeled kitchen, spacious bedrooms, and the perfect little study area to set up her new home office. It had a spectacular pool and a lovingly tended flower garden. Best of all—the seller had to move immediately, so the home was a steal and miraculously within her budget! Amy was already making moving preparations when suddenly, a devastating blow paralyzed her plans. Her credit application for a mortgage had been denied. She couldn’t understand how this had happened—just a year ago, her credit had been almost perfect! The last year had been a little tight, and sure she had a few late payments here and there…but she had no idea it was so bad that now she couldn’t even get the home of her dreams. Five Reasons the Economy Will Crash and Will Stay Crashed If the U.S. economy had to be summed up in one word, the word would be unsustainable.From entitlement programs to trade deficits, the U.S. economy cannot continue indefinitely on its current course.Sadly, changing course is difficult and political impossibilities are quickly giving way to mathematical impossibilities.The economy will soon come face to face with problems that cannot be solved and it will crash.The crash will be major and recovering from it will take many decades. Google Adwords – Online Riches Without Owning A Website Or Product! Did you know that you can make money from Google Adwords without having a product to sell, or even a website Choosing the Best Life Insurance Option for You Life insurance in is becoming more and more popular with many people now realizing the importance and the benefits of a good life insurance policy. There are two main types of popular life insurance, both of which offer a range of invaluable benefits to consumers. Home loan applications made easy You have finally found the home of your dreams. You have searched all over and are ready to purchase it. Before you even make your offer you should seek out the financing first. In some cases, it is easier to have a pre-approval in hand before making any financial commitment through a contract. Why get your hopes up after you purchase the home when you can buy with assurance and wait by the settlement table. Before you can buy anything, you will need to get accepted by a reputable lender. There is much you will need to know, as this will be the largest purchase you will ever make. You will need to fill out a mortgage application first. 10 Things to Look for in a Home-Equity Line of Credit If you are a homeowner, youve probably received offers to apply for a home equity line of credit HELOC. Handled with care, home equity credit lines can be an excellent way to improve financial flexibility, provide readily available cash reserves for emergencies, or pay for large expenses like college tuition or home improvements that have irregular payment schedules. But be aware that not all home equity credit lines are created equal. If you decide that a HELOC is right for you, what features should you look for Here are ten things that should be at the top of your list: How To Jump Start ANY Business Typically it is said that when you open up a new venture, it takes fro 2 to 5 years of steady growth before you can call it a success.All things considered, this is true and because it is true, it is all the more important to do everything correctly, right from the start!So here are 7 guidelines on engagement for every business entrepreneur. Top 10 Things to Consider on Home Loans Here are our Top 10 most important things to consider when shopping for a Home Loan, Equity Line of Credit, or Refinance, courtesy of LoanResources.Net:Down-PaymentFixed Versus Adjustable RateAPRLoan TypesLoan Amount Qualification, IncomeLoan Amount Qualification, ExpensesEmployment and Credit HistoryPointsSub-Prime LoansShort-Forms Email Deliverability Tips Ensuring requested opt-in email is delivered to subscriber inboxes is an increasingly difficult battle in the age of spam filtering. Open and click thru response rates can be dramatically affected by as much as 20-30% due to incorrect spam filter classification. Should you choose to refinance Refinancing has become a valid option for many individuals with high interest rates on their mortgage. Refinancing is essentially a replacement loan, with a different lender and hopefully a lower interest rate. New Year Resolutions to a Better Financial Future There could not be a better time to mull over the changes neededin our life style than at the beginning of a New Year. This isalso a good time to set yearly goals and make resolutions. Eachyear, according to statistics, almost a third of us make somekinds of New Year Resolutions. Interestingly, although financialfuture is our main cause of anxiety, our personal finance,according to surveys, gets only to the fifth place in the listof most common New Year resolutions. Are Homeowners Due A Refund According to U.S. Government Auditors more that 45% of all home mortgages and 75% of home equity loans contain miscalculations or errors in favor of the lender. These errors are costing homeowners to be overcharged billions of dollars per year, and with the number of home mortgages being refinanced because of low interest rates, the figures can only increase. Real Estate: Financial Considerations $$$ Raw land as opposed to improved property is much more difficult to finance through traditional lenders. The main reasons are that it generates very little income, development costs can be expensive, there are no buildings or improvements that can be used as collateral, and it is often considered speculative. Bad Credit Qualify Yourself For A Zero Down Mortgage Loan I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues.They got into the house with ZERO down payment, and only had to bring $600 for the closing costs.Their situation was pretty bad, I’m talking about a bankruptcy 2 years ago, thousands of dollars in outstanding collections, charge-offs and debt to income ratio of 49%.By the way, we left all of their outstanding charge-offs and collections open which means they didn’t have to pay any of them off!So many think they wont be able to qualify for a mortgage loan.Many will keep thinking they cant qualify until they read this article. Become A Mortgage Auditing Specialist According to U.S. Government Auditors more that 45% of all home mortgages and 75% of home equity loans contain miscalculations or errors in favor of the lender. These errors are costing homeowners to be overcharged billions of dollars per year, and with the number of home mortgages being refinanced because of low interest rates, the figures can only increase. Financial Wizards Prepare! 4 Lil Tiny Duckies!... A If you are going to transform yourself into a financial wizard, with money, security, and assets, then you need to begin this transformation by clearing out the cobwebs, and making way for a new tomorrow. How Much Rent is Too Much Rent You want what every apartment renter wants: the most comfortable surroundings you can get for the lowest possible monthly rent. Some of todays newly constructed apartment communities have taken luxury to an entirely new level. Some complexes have gas fireplaces, TV monitors by the front door, drive-through mail service, and office equipment for their tenants, among other creature comforts. Every renter has to consider the importance of amenities like these. Are they important enough to you to merit a rent increase of perhaps $200 more than the rent you pay now, at a modest yet affordable complex While some of us consider an apartment as just a place to hang ones hat, others place a premium on home surroundings. But how do you determine how much you can stretch your budget -- without ending up in the poorhouse in the process |
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