Financial Wisdom and Wealth

Athough, I had previously posted information concerning this 5 months ago, Median Home Prices Adjusted for Inflation, here is Glenn Beck, with his analsys of why what Obama is saying just won’t help, and in fact his plan is absolutely UNREASONABLE!

The bailouts is just another way for the government to steal from the citizens. It causes nothing but more problems for the economy. People who have homes in foreclosure are trying to work with the banks to help their situation, either by refinancing or some other means. However, since the banks have [...]

Paying extra torwards your principle balance on your mortgage can be quite a blessing. However, it entirely depends on your individual situation, your goals, and your financial discipline and attitude. It is not for everyone, but it will certainly bring peace of mind. Here are some reasons that I would recommend that [...]

Here’s the first of many signs that show that the bailouts are not working: More than half of delinquent homeowners whose mortgages were modified earlier this year ended up redefaulting within six months.
Some 53% of borrowers with loans modified in the first three months of 2008 and 51% of those with loans modified in [...]

As if the recent $8 Trillion in bailouts is not enough to screw over the American people, the Treasury Department has the gall to consider a lobbied plan that would systematically have mortgage rates reduced to 4.5% or lower. ARE THEY INSANE???
Lobbyists are pushing the Treasury Department to consider a plan to purchase mortgage-backed [...]

I recently dispelled the myth that the stock market always goes up, and in fact showed that adjusted for inflation, it provides a return of between 1% to 2% per year.  Some people think that real estate has been a good investment.  This is not so; we still have a bit of ways to decline [...]

LLC (limited liability company) can provide a vehicle for passing wealth to younger family members without having to re-title the real estate. Once real estate is transferred into an LLC, the members’ interest is converted to personal proerty, which is represented by their LLC “shares.” These shares can be transferred incrementally to children [...]

There are many types of investment opportunities, including real estate. However, real estate as your primary residence may not be all that appealing.
Historically, residential real estate has appreciated at a little over 6 percent a year. But rising prices are only part of the story. Appreciation figures don’t capture the vast [...]

Yes, Utah is the hotbed for scams and fraudulent activity. One of the recent ones I have heard about is the Money Merge Account created by United First Financial (located in Bluffdale, Utah). They charge you $3,500 to basically tell you to use your discretionay money to pre-pay the principle on your home [...]

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 [...]