Home equity is the market value of a homeowner’s unencumbered interest in their real property, that is, the difference between the home’s fair market value and the outstanding balance of all liens on the property.
The property’s equity increases as the debtor make payments against the mortgage balance, or as the property value appreciates.
In economics, home equity is sometimes called real property value.
Home equity is not liquid.
Home equity management refers to the process of using equity extraction via loans, at favorable, and often tax-favored, interest rates, to invest otherwise illiquid equity in a target that offers higher returns.
Homeowners acquire equity in their homes from two sources.
They purchase equity with their down payment and the principal portion of any payments they make against their mortgage.
They also benefit from a gain in equity when the value of the property increases.
Investors typically look to purchase properties that will grow in value, causing the equity in the property to increase, thus providing a return on their investment when the property is sold.
Home equity may serve as collateral for a home equity loan or home equity line of credit.
Many home equity plans set a fixed period during which the homeowner can borrow money, such as ten years.
At the end of this “draw period,” the borrower may be allowed to renew the credit line. If the plan does not allow renewals, the borrower will not be able to borrow additional money once the period has ended.
Some plans may call for payment in full of any outstanding balance at the end of the period. Others may allow repayment over a fixed period, for example, ten years.
In essence, it is important to understand all this is possible. Cutting debt, cutting
spending, saving, investing, and earning additional income. A solid foundation
is: The more you have the better off you are!!!!!!!!!!!
VALUE OF BEING PHYSICALLY FIT
Health is wealth! We all have heard of this term in this journey of life. We understand its meaning, but its relevance and deepness are realized only when you are down! Being physically fit is the best reward that one could ever have.
There is no gift that is more valuable than the gift of health. The health industry is booming and there is a reason behind that.
People are becoming extra cautious of their health especially due to awareness and the tedious routines which is increasing tendency of diseases in young people too!
Here is how you can step on the pathway of being physically fit!
Exercise: You should incorporate exercise in your routine to stay fit and active. Exercise reduces the stiffness in your body and improves blood flow which keeps you active throughout the day.
You can do swimming, cycling, yoga, running or jogging. It is very easy to include these in your routine if you spare some time.
I will not only maintain the weight of your body but would also improve metabolism and immunity. Both of these are important ingredients in the recipe of health!
You can join group classes or a nearby gym to attain continuity. If you are part of a group of people who are fitness conscious then it will help you in attaining the routine quickly.
Yoga is a combination of cardio and strength. It helps you in learning how can you balance, meditate and focus on things.
There are a variety of exercises available and it is always a good practice to include some strength training sessions. You need to gain muscle as you start to age as they drain out of strength.
So lifting some weights, dumbbells under supervision will prove to be a good idea!
Healthy food and beverages: It is important to include foods that are rich in Iron, Vitamin D, C & B in your diet for a healthy body.
f you are a non-vegetarian, you might already be getting enough of these but if you are a vegetarian, you need to be extra cautious of your diet! Go for regular health check-ups to address any deficiencies that you may have!
Smoking and alcohol and rather make a habit to drink coconut water, coriander seeds to water and juices daily.
Value of being physically fit
It is important to create a culture of wellness to yield sustainable results of health in long run. Being healthy and physically fit has a direct correlation to happiness and success.
A healthy mind rests in a healthy body! Staying physically fit not only impacts your persona and lifestyle but also improves your performance at work.
In order to drive the business forward and inspire your team, a good leader should maintain mental and physical wellness.FREE INFORMATION
At every stage of life, you are constantly pushed beyond your threshold/ comfort zone. A healthy body has stamina and mental ability to endure the challenges at every stage of life. This helps you in maintaining your cool and also reduces symptoms associated with anxiety and Great Health.
Business Strategy: Clarify Your Purpose And Vision
Planning for how to make this year your best year ever? Take some time to really clarify your Purpose and Vision for your business.
These are two of the most necessary elements for pulling your business towards future success.
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Whether it’s the beginning of a new year or we’re halfway through, you want it to be your best year ever. You are no doubt doing some planning for how to make that happen. You are doing some planning, aren’t you?
I’d like to recommend you take some time to really clarify your Purpose and Vision.
Clear purpose and vision are the keys to giving you a focus and direction.
Unfortunately, that’s something that is all too often lacking from small businesses. What you need to do is quite simple, but may challenge you if you’ve never taken the step before.
Here are a few ideas to help you make this your best year ever.
Clear purpose describes what you are out to cause with your business. Have you lost track of your purpose? Do you remember what led you to start or get into your business in the first place?
Three questions to ponder as you seek to re-ignite the purpose in your business:
What do you really want out of life?
What do you really not want in your life?
What would you be willing to give up in order to live the life you want?
Answer these questions honestly and build your business around the life you want to live. Talk about a purpose that would set you on fire.
Here’s an idea for creating your vision. Think of the absolute greatest outcome that you can possibly imagine that your best clients would really want from your service.
Build your vision around being “the resource” that works to deliver that.
Examine your values and principles and then determine what you want your business to be in the future.
Find your favorite way to relax quietly and let your mind open to dwell in what’s possible.
Imagine yourself in a private movie theater watching a movie of your future self in 10 years. As the movie ends you notice you’ve been joined by the star of the show.
Ask them any question you want about how they got to that place of great success in the movie. What were your future self’s purpose and vision?
This may seem silly to you at first, but if you open your mind up to accept that the visioning process will work, you’ll be amazed at the answers that will emerge.
JOURNEY TO FINANCIAL FREEDOM — STARTING YOUR VERY OWN BUSINESS ON A SHOE STRING