Some financial “experts” say that you should have the biggest mortgage you can get, and for the longest time period you can get, and never pay any additional principle. The reason, because of the low interest rate in comparison to the yield that you could get by investing in the stock market. Are they [...]
When you read an article like the following where a foreclosed home sold for only $1, you no longer have to wonder why banks are losing money.
In what might be considered a new low for the housing market, a home in Detroit sold for $1.
The home, located at 8111 Traverse Street, close to the Detroit [...]
I found easiest ways to get started in time management is time allocation.
Any good financial counselor will tell you the best way to control your finances is through money allocation. It works like this: for every dollar of income you allocate where that dollar will be spent (where spent can also mean savings or investments).
Likewise, [...]
Starting an effective money producing business (solid residual income stream) takes time. People often ask me what I do. I work from from home; I’m an entrepreneur. I start up small businesses and build residual streams of income. I have been an entrepreneur for many years. I recall one business [...]
Ever hear those radio ads for incorporating in “tax free Nevada.” I hear them all the time. At first it sounds like something that might be beneficial to running a business, but they aren’t telling you everything. It is true that Nevada is tax-friendly to business with no franchise tax, no personal income tax, no [...]
In the financial world, the greater the risk, the greater the return on investment. Likewise, the more you could lose. More risk has more volatility. Where there is no risk, there is no gain. Sure, I could put money into a savings account at my bank (extremely low risk), and the [...]
There are many types of thieves, but seldom do we consider the thief of time. Time is our most valuable asset, and usually the least protected. Because we don’t see time as essential to our physical survival, we tend to neglect it. Some examples of time thieves and how to overcome them:
Poor Planning and Procrastination. [...]
Starting a mail-order business is a great way to become more self-sufficient instead of relying on an employer. You can also earn more income by being in business for yourself. It is also a very cost-effective way to start a business. A few points on products to sell:
1) The best selling products are usually those [...]
Ever buy a gadget or tool only to find out that it wasn’t worth the cost or hassle? For example, recently I had bought a pair of jumber cables (a cheap set from one of those big box discount stores). Only to find out when in the heat of the moment, it did not fulfill [...]
We live in a society driven by debts and money that we don’t have. In fact, most people spend money they don’t have on things they don’t need to impress people they don’t like.
The easiest way to get out of debt is to pay ONLY CASH! Paying with cash has a emotional [...]