FIRST TIME HOME BUYER — VS — RENTING — HOME EQUITY — CONERSTONE TO WEALTH BUILDING

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HOME EQUITY

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 makes 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 home from two sources.

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They purchase equity with their down payment and the principal portion of any payments they make against their mortgage.

hey 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.

SOURCE: WIKIPEDIA

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BUSINESS OPPORTUNITIES — 9 THINGS TO LOOK FOR — BOOST YOUR INCOME — RETIRE EARLY

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Business Opportunities – 9 Things To Look For

If you are considering striking out and starting a new business, you have probably been investigating what are known as “business opportunities”.

A business opportunity is usually a complete package that contains a product or line of products, and a marketing strategy for selling that product.

Any business opportunity worth considering will either have a track record that you can investigate and evaluate, or it will have a clear statement of the plan, the potential, and t…

home-based business opportunity, making money.

If you are considering striking out and starting a new business, you have probably been investigating what are known as “business opportunities”.

A business opportunity is usually a complete package that contains a product or line of products, and a marketing strategy for selling that product.

Any business opportunity worth considering will either have a track record that you can investigate and evaluate, or it will have a clear statement of the plan, the potential, and the up-front costs.

Before investing any time or money in a specific business opportunity there are some things you should consider. Here are some of the more important ones:

How long has the business opportunity been in business? – Before investing time and money in marketing a business opportunity it is important to determine how long that business opportunity has been operating.

If it is a new concept that has not been proven in the marketplace, you have no assurance that it will even work.WEALTH BUILDING — BUYING THAT LUXURY HOME/LUXURY CAR — VACATIONING ON THE BEACH/SKI SLOPES/MOUNTAIN/CRUISES/TRAVELING ABROAD

Does the company have a fixed address and phone number? – This may seem obvious to you, but the fact is, thousands of “companies” operate with nothing more than a website and an email address.

Many of them are here today and gone tomorrow. Make sure the business you intend to deal with has a fixed address, physical location, and established phone number.

Does the business opportunity have some successful members you can talk to? – Most business opportunities will show you “testimonials”, but these are often untrustworthy.

They could even be completely fabricated. Ask the owner of the business opportunity for names of real people you can talk to. Call them on the telephone and ask them to share their experiences with the program. ENJOY MORE POST ON SUCCESS — ACHIEVING WEALTH

his will not only provide you with valuable first-hand information about the program, but it will give you a list of advisors who may be happy to help you along the way.

How much initial investment is required? – In many cases, a proven business opportunity with a successful track record will involve some kind of initial investment.

This could involve an initial amount of product inventory, a program subscription fee, or possibly a piece of equipment required to produce or finish the product. You should not assume that a business opportunity that is free to join is a better investment.

Usually, a free-to-join business opportunity will involve other costs such as marketing and advertising fees. Nobody gives away “opportunities” for free.

What you have to determine is whether a specific business opportunity has a successful track record, is managed by honest people, and offers you a realistic chance of actually making some money. These are the things you must weigh against the entry costs.

What is the realistic income potential of the business? – Have a careful look at the numbers and projections provided by the business opportunity.

Then talk with actual members who are using the program to determine if they have been able to turn those numbers into reality.

Are there extra fees such as yearly or monthly subscription fees, shipping costs, or minimum purchase requirements? –

Make sure to get a detailed list of all the fees involved in operating the new business. These things may not seem significant now, but they can easily eat into your profits later.

Who controls the money? – When you generate sales for the business opportunity what assurance do you have that you will get your share of the profits?

This is the primary reason not to deal with “fly by night” outfits that have no track record. Again, the best way to get an accurate reading on this is to talk with people already using the program.

Does the business opportunity supply marketing materials and person-to-person mentoring? – One of the most difficult parts of starting a new business is “learning the ropes”.

It can be extremely helpful to have advisors who have experience in making the program work. The same goes for marketing materials. You will have enough to do without having to create brochures, ads, and newsletters for your new business.

How much control of your new business will you have? – Be clear on who owns the business, and who controls the way it is developed and marketed.

You may want to diversify your product offerings in order to avoid being at the mercy of “head office”. Remember that you are trying to create a business that has long-term value.

This will involve a considerable investment of time and energy on your part. You don’t want your business to be completely dependent on the stability and integrity of a single supplier.

The ideal business opportunity is one that is offered by a stable company with a proven track record. The business opportunity should require an initial investment and have profit potential both in the short term and in the long term.

It should allow you to build a profitable business of your own that will be a source of income far into the future.

GENERATION XYZ — RETIRED WITH MORE INCOME OR LESS — RETIRE WITH A HIGHER STANDARD OF LIVING OR WITH LESS

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LOOKING FORWARD TO RETIRING??? MOST ARTICLES ON FINANCES IN RETIREMENT STATES
HOW MUCH YOU WILL NEED TO LIVE WITHOUT A WEEKLY, BIWEEKLY MONTHLY CHECK. THIS IS
HOW MILLIONS OF AMERICANS RETIRED EACH YEAR. SOME WITH A LOT LESS THUS A LOWERING
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RETIRING WITH MORE INCOME/INCOME THAT CONTINUEs TO GROW EACH YEAR IS THE BEST SOLUTIONS.
SOME CHOOSE RENTAL INCOME, SOME CHOOSE PASSIVE INCOME, RESIDUAL INCOME, OR THEIR
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STANDARD OF LIVING.

AT AN EARLY AGE EARNING ADDITIONAL INCOME, INVESTING, SAVING, CUTTING SPENDING, PAYING
DOWN DEBT IS THE KEYS TO FINANCIAL FREEDOM IN RETIREMENT.
READING/STUDYING, LISTENING TO AUDIOBOOKS ON FINANCES IS A MUST. SIMPLY BECAUSE VERY
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RETIREMENT CAN BE AN AWESOME TIME IN LIFE. GREAT HEALTH, GREAT FINANCES IS TWO OF THE KEYS.

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RETIREMENT — GET THE FACTS

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WHY SO MANY PEOPLE RETIRE POOR????

UNCONVENTIONAL SUCCESS: A Fundamental Approach to Personal Investment by Free Press

THE FINANCIAL PEACE PLANNER: A Step-By-Step Guide to Restoring Your Family Financial
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THE 1-PAGE MARKETING PLAN: Get New Customers, Make More Money, And Stand Out From
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LIVING TRUST FOR EVERYONE, Second Edition: Why a Willis not the way to avoid Probate,
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TAX – FREE WEALTH: How to Build Massive Wealth by Permanently Lowering Your Taxes
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PLEASE COMMENT – SHARE YOUR THOUGHTS ON ESTATE PLANNING AND RETIREMENT Continue reading “RETIREMENT — GET THE FACTS”

DEBT FREE MATTER MOST — WEALTH IS AWSOME

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DEBT FREE IS POSSIBLE — STARTS WITH CUTTING SPENDING. WHILE BUDGETING
ISAN IMPORTANT COMPONENT OF MANAGING ONE’S FINANCE, CUTTING SPENDING
INSURES ONE DISPOSAL INCOME.

WHY IS DISPOSAL INCOME SO IMPORTANT????

WHEN THE LAST TIME YOU COUNT THE MONEY IN YOUR WALLET OR PURSE??

NOW COUNT THE MONEY THAT IS YOURS TO DO AS YOU PLEASE WITH. THIS IS
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GENERATION X — STARTING A BUSINESS — WANT TO BE WEALTHY? DON’T STOP DREAMING — BE A WINNER

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Want To Be Wealthy? Don’t Stop Dreaming

If I asked 100 people if they would like to be rich, I’m sure at least 98 of them would answer yes. Their answer might range from, “maybe if the conditions were right” to “YES, and make it fast!”

Most people think of the wealthy as being reserved and probably a bit cautious. The thinking goes that if the millionaire wasn’t very cautious with how he spends his money, he wouldn’t have a million dollars left.

But a closer look at who gets wealthy gives a far different pic…

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If I asked 100 people if they would like to be rich, I’m sure at least 98 of them would answer yes. Their answer might range from, “maybe if the conditions were right” to “YES, and make it fast!”

Most people think of the wealthy as being reserved and probably a bit cautious. The thinking goes that if the millionaire wasn’t very cautious with how he spends his money, he wouldn’t have a million dollars left.

But a closer look at who gets wealthy gives a far different picture. You see, at the very core of American business is a deep enthusiasm. People who get rich tend to be people who can make the most of the American business system.FREE INFORMATION

And those people tend to be gung-ho, enthusiastic, and more than eager to charge straight ahead. If you say, “I’ve got a way to make a lot of money, do you want to start tomorrow?” Most will reply, “Let’s start NOW!” Continue reading “GENERATION X — STARTING A BUSINESS — WANT TO BE WEALTHY? DON’T STOP DREAMING — BE A WINNER”