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I just found the great website called mint.com if you have not been here before I suggest you check them out. Free accounts to help your money management. As I was toying around the site I found this great article about the “10 commandments to credit.”
Forget making changes to your credit card usage – it’s what you don’t do that can increase your credit score (or at least keep it from going south).
Just as you can’t buy happiness, you can’t buy a high credit score – the only way to get one is to demonstrate financial responsibility. “Creditors don’t care about how many millions you may have in your investment account, it’s how you use your credit,” says Maxine Sweet, vice president, public education for Experian.
Changes in your credit score and what they mean to you You've heard the news about the changes in credit scores and the impacts of these changes are yet to unfold. You can rest assured that this is the first step in major changes in banking reform on both the business and deposit account holders end. Tighter financial requirements on the......
Fighting a frozen credit line When she went to purchase her new items for the house she was shocked to find out that her HELOC (Home Equity Line of Credit) was frozen. People all across the country are feeling the credit crunch. Frozen lines of credit even for A credit customers. She had made......
5 steps to a better more accurate credit score Often times I get asked how do I raise my credit score, now of course the answer may not be the same for every individual circumstance. Although the basic four rules apply to assist in keeping your credit scores in their best possible. score. Number 1 rule of thumb is......
Investing in your online accounts with automatic bill pay Many people have tried to systematize a method for automating their investments and although it takes a human touch make the buy and sell calls in the stock market you can charge your investment accounts with your dollars automatically. Set up your account and then when you have all of......
Wanting to invest into real estate but your afraid of losing your employment More and more people are fearful of job loss with unemployment rates reaching new highs 11.5% unemployed rate it's no wonder people are holding back. We have not seen an unemployment rate this high since 1941 during WW2. You want to take advantage of today's great low real estate prices......
50+ Personal Finance, Investing, And Money Tweeps Worth Following Miranda writes for Bankling, a personal finance portal, which contains both a blog, and a tools section that contains resources like the best bank CD rates, the best savings account rates, online mortgage rate calculators, and more. These days, it's all about Twitter and the tweeple there. While many (including......
Want Methods For Credit Score Improvement? Being able to improve your credit score is a very important part of today's financial environment and many people are seeking to improve their credit score to improve their personal financial situation. Making the choice to improve a credit score can save a person a great deal of money and......
These Things are Hurting your Credit Score A person's credit score has become very important in this day and age. Your score is what creditors and lenders look at to quickly decide if you are a good or bad risk to lend credit to. It is important that you learn what types of actions hurt your score......
Credit Report Versus Credit Score I hear a lot of people interchanging the term credit report with credit score. I do it myself. But there's a big difference between the two. Let me show you... Credit Report Your credit report is really a snapshot of your credit use history. It shows potential lenders: your personal......
What is the Best Credit Score? The calculations that are used to arrive at your credit score are actually based on a lot of different statistical data, and they are based on objective evaluations. You receive points based on a number of different unique credit factors. Then, creditors are going to take all of this information......
Businesses and consumers alike can’t keep their lines of credit from shriveling up to nil with the belt tightening across all financial markets. However there are things to be done when the going gets tough. First rule of engagement get going it sounds silly but true when it gets tough get going, find new credit sources, secure new relations with banks and lending institutions, seek out alternatives.
Banks entire business is about lending money out for returns of profit, also to make other investments to capitalize again for pure profit. Before we go any further I must make an important point, don’t go out and look for credit everywhere you must systematically try to increase your credit by locating the more appetizing offers. You know the ones that offer low interest rates, better rewards for items purchased and cash back on things like gasoline, electricity and other utilities.
You’re a smart individual who deserves to have the best credit available to you. Your hard working and you had a little set back. Make sure before you apply for new credit that you know what’s in store for you. Annual membership charges, premiums on cash with drawls or number of transactions. Fees associated to card account.
Growing credit is a great way to create available wealth. It’s not your capital unless you know the secrets of leveraging credit into wealth. Using credit cards to buy education and real estate is a quick way to do deals. You have no time requirements on obtaining a loan you just do the cash with drawl to secure the property and flip it after cleaning and repairs have been completed. Pay out the principle balance to the cards and viola new profit. If you can do these tasks in thirty days or less you will miss out on any finance charges.
Another great way to increase credit is by networking with banks, credit unions and private lending institutions. Here you will forge relations to fuel your future lending requirements; if one bank turns you down don’t give up try a few more to see if an agreement can be reached for special financing. If banks won’t cooperate with you there are alternative options to generate cash for either a business or a consumer.
First off are you receiving payment for account receivable in your business or would special financing be an alternative way to attract more customers. By selling off future sales and setting up retail installment contracts for payment options you can accelerate the operating capital in your organization to meet future demands and offset expenses by having cash to buy inventory in bulk discount.
For a consumer you have the ability to sell off payments of lottery, real estate owner financing, injury case structured settlement earnings just to name a few. There are even people buying a percentage of your future equity in exchange for cash. Other alternative allow you to reduce your mortgage principle if you are a cash strapped consumer who needs a mini bailout. Selling items at a garage sale or swap meet can generate cash quickly.
Obtaining new or more lucrative employment for more cash influx into your wallet, this in return will help you to obtain more credit availability by having more ready cash in hand. Good credit has become a tougher standard in society your old score of 680 needs to be a 720 to have the same effect with a lending institution. Credit monitoring and review will keep you informed of any suspicious activity with your credit or identity.
All in all think of ways to generate cash to keep afloat, always invest wisely to grow your net worth then obtain new credit lines to create more opportunity and purchasing power for you. With this type of cycle working in your favor you can’t help but grow even in a down market. Deals are always being done, cash is king but credit is queen in this game. The faster you have quick access to cash the better off your advantage will be.
Review your finances, look for any seller financing, annuity payments or structured settlement payments and see if you can get a lump sum of cash in your hand. Inheritances are another way to add quick cash to your portfolio; you can sell future percentages to gain cash position on certain deals. Creativity is the fuel behind passion and desire, where there is a will there is a way. You have the ability to think your way to a brighter credit position and the tools provided before you to carve out a pathway for new credit availability.
Take this crisis and crunch your numbers to squeeze out the golden egg in your house of finance. Then take a moment to review your options and ask questions. Begin to interview your local financial institutions and learn about the private lenders in your area. Find a mentor to assist you with your financial affairs, gain a team to provide accountability for your actions and to keep you on track. Build a syndicate for investing; protect your self with a trust or other legal entity such as a business. Use the new business credit to grow more financial availability.
The possibilities are endless when you think about them, never make up criminal activities as part of your credit plan this is part of what caused the crisis in the first place was fraud we need to step away from that mentality. Generate solid deposit accounts season wealth for our future and create financial awareness amongst out own friends and relatives then spread it world wide. Keep your eyes open and your ears to the ground looking for ways to create cash and credit for yourself.
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How to maximize your real estate investments Maximizing your real estate investments aren't as daunting of a task as you may think. You may have heard that creating wealth in real estate is the best way to go for enormous gains and returns on investments. However many would be investors have not figured out the simplicity in......
FICO 08 What Does This Mean To Your Credit Score I found this article posted by National Home Loan Advocates. I find this to be critical to your success in building a solid understanding around credit and tyhe importance it plays in your future. Enjoy your read and keep htis article bookmarked for safe retrieval on your desktop. FICO 08......
Stand together and unite for wealth, strength and unity We all have our pre conceived notions as well as our reservations towards introducing new people into our lives. Having worked with hundreds of people and charting courses of financial needs and desires, I've come to the conclusion that for the people who are willing to take a chance and......
Why Network Marketing, Marketing and Internet marketing are changing the world around us When it comes to business and life opportunities I should head to one warning. Once bitten twice shy should be the order of the day. You see I had always wanted to start my own profitable business and be the one stop shop for everyone. The problem is I couldn't......
How to Protect Your Identity During the Holiday Season Holiday cheer is all around us and winter is in the air, we feel the chill of the season and the happiness of the time of the year. No matter where we go it’s hard to hide from the fact that it’s almost Christmas time. With mistletoe and lit......
How commerce cash advances work On the marketplace, many types of loans or cash advances are available, which supposedly makes it easier for hard-stricken souls to get along until the following paycheck. The world is in constant change, thus nowadays payday loans are available, business loans, and other types of loans are offered with fees......
Should Casual Bloggers Use WordPress or Google Blogger? One of the most popular hobbies and past times on the internet today has to do with setting up and maintaining your own blog. Blogging is all about creating an online journal or diary that people can read and comment on, so there is a huge community aspect to it.......
9 Thing I've Learned Being a Bank Employee I started working for a bank after graduating from college last year. My job gives me the opportunity to work with all the areas of the massive bank. Because of this I've learned a lot about how the bank works behind the scenes. Its thousands of people in a......
EarthTalk: "Smart grid" Technology For Conserving Energy. Dear EarthTalk: What is the so-called âsmart gridâ I've been hearing about, and how can it save energy and money? Americaâs electricity grid is built upon what many consider to be an antiquated principle: Make large amounts of electricity and have it always available to end users whether they need......
Finovate Startup 2009 Live Twitter I am attending Finovate Startup 2009. It is an action packed 1 day format which I belive will lend itself perfectly to a live twitter. Stay tuned it should be an amazing day. http://twitter.com/BlogTrafficExch In the break I have scheduled some talks with SimplFi, Mint, and Calendar Budget. I am......
The armor shield of protection for your self and family protection must be impenetrable to enemy forces. A Trojan horse of strength and attack, An M-1 tank in resistance strength, and the agility of an aerodynamic fighter jet, your first line in defense against attack of ones livelihood or survival. It’s a jungle out there you hear them say. Yeah you’ll get eaten alive without the proper intelligence, information resources and specific operations objectives to achieve total market infiltration and penetration. You need your resources to be a rock solid foundation essential to your success.
Wealth is first and foremost practical knowledge of money its normal applications and a systematic way to manipulate its value by strategically purchasing a position whether whole or partial percentage, in the form of a set negotiation of price and terms or in options on a position to buy an item for pure speculation of appreciation growth and cash return value.
Sometimes fixed return as well the common adjustable or variable rate. The same rate that you pay in interest charges to any institution via the form of currency trading or bartering services like mortgages, credit cards, personal loans and vehicles to name a few; department stores, instant credit services, seminar finance, education funding, equity investments all different types of leverage for different reasons of the same action, the purchase of goods and services of perceived need and value. These rates are the investing companies return on investment. A percentage of the funds go to the bank that extended the money for the loan the remainder goes to the brokerage or wholesaling finance company profits and operating expenses.
In this equation we have the ebb and flow of money through influxes of gains, returns and capital appreciation along with the outward revenue streams. The wealth cycle has to become a two fold process where your earning strategy will exceed your current needs and your planning strategy performs at the required levels of growth to hedge against future cost increases in living, medical care and commodities purchases.
Supply and demand are two major influences on costs of money, risk as well as stability of borrower (money requestor) and well as the item of purchase. Your objective in this mission is to discover what your wealth cycle is; are you a positive builder or a negative consumer. Your perpetual money machine needs to be built to meet and exceed your costs of living. In this mission your mental agility and awareness are going to be put to the extreme test, your physical being and spiritual strengths and commitments will be challenged to the extent of their capabilities.
Your suit of armor needs to be developed to harness your true strength as well as the growth and complexity of your estate. Here are your vulnerable points, your weak spots can be in the areas of tax exposure, over extension of credit, overdraft charges, identity theft and fraud, health condition, low or loss of income for daily requirements, fatigue, asset protection, improper budgeting and accounting just to name a few.
Proper education, continual learning, future requirements, date of retirement preparedness are other factors you’ll need to take into consideration. All of these factors are very real in today’s economic “instability”; I quote “instability” for two very good reasons. As accurate as the news gets for me I have to look at both extremes of a situation to find some commonalities or conflictions with.
It does not matter about the state of the economy or the global economic factors. What matters the most is you; your wealth structure, and the fact that your intuition is a great indicator you can trust and the knowledge that you have acquired that numbers never lie. In good times or bad times a great deal or opportunity that meets your needs and requirements is always a great deal, so you acquire it for a great deal’s price. Your wealth grows at a more rapid rate due to more opportunities.
Proper diversification will always offset severe market fluctuations that prevent you from losing huge amounts of money in the case of an overactive market sector. Non traditional investment vehicles and asset classes are better choices for greater wealth accumulation with reduced risk exposure. Again your wealth is up to you no matter what.
If you’re cash strapped you can use leverage to help grow your wealth at a faster rate. For example if you had $100,000 and you lost the bulk of it due to improper market choices, and your remainder was $19,000 you could roll it out of your current employer’s care and place it into a self directed IRA for ease of use and control. From this stand point you can join IRAs together for combined purchases or in real estate more commonly known as TIC or “tenants in common;” way to leverage money without debt for greater acquisitions and growth capabilities. Wealth can always be grown back again it may take time yet the principle of wealth will always be the same.
Once you have this system set up you can reinvest both principle and earnings back into new growth opportunities, like a business, a new piece of real estate property, T-Bills, Annuities etc. You can grow also by way of credit availability, savings from income, combined credit and capital wealth will grow exponentially over time. Continual care and nurturing will reshape your future horizons.
Your wealth machine is one item you must have to free yourself from the nine to five grind. You don’t have to give up your day job to do it either it’s actually easier if you don’t. You allocate new savings to future growth, combined with starting a new profitable hobby and grow that passion into fun and profits. You add new streams of income into the mix gradually growing them into rivers of cash as the mountainous glaciers of frozen hard to find wealth start to melt into your pools of profits.
Your money machine perpetually gets larger and larger stronger and stronger as your army of income soldiers fight off the enemies called inflation, taxation and income depreciation. Your troops are at your beck and call fighting for a better future, growing the protection for your future generations so they don’t have worry about the fight. Your money machine becomes a superpower of good in the epic battle of good vs. evil.
Just imagine a war on poverty, scarcity, financial illiteracy all headed up by you and your passion of quality of life. Getting mad is the fire to fuel the fight, getting even is the sweet taste of success. The best revenge is living well. Your decision to get out of debt and build a prosperous future starts with a vision and a desire so will your army of wealth generation soldiers become more real as you plan and grow your strategies of wealth creation. The force will be so immense and strong nothing will stop you.
Your strength comes from knowledge, desire and a willingness to learn and change, your machine will come alive when the time is right, your vision of a wealth cycle should clearly show two opposing forces. Earned Income from a job or business with or without passive income will be the inner circle of your wealth attack the core of the machine. Then the growth of assets to replace and exceed your current income and financial requirements will follow in the plan to quickly obtain and grow wealth.
These are essential for growing wealth; income from a job won’t make you wealthy on its own, unless you stay focused and execute a plan of attack to grow your passive income. This is fine yet slow unless you started while you were living at home with your parents. When you implement the perpetual money machine you create new income and profits into your life which grow your wealth faster than you could if you just rely on your standard salary. Your exit from the rat race is just around the corner then suddenly BAM!
Your vision of financial freedom came true, you see your day when all debts are gone and you live in a 100% cash growth world. The rays of sunshine focus on you and you feel as if you’re on the top of the world. Your future is bright, a rendezvous with the reality of stress free living is scheduled and your ship has set sail. No more silliness and immaturity when it comes to your money, your machine keeps you inline and operates like a precise time piece. Just like clockwork the functions required daily, weekly and monthly happen without fail. If your sick or on vacation the money still comes in and worry gets farther away from reality.
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Organizing your daily financial routine Wealth it all starts with a concept, the challenge is making the mind choose from the heart. I know this may seem funny at first but you will soon realize that your actually doing it. You see when you make choices they always come from the heart first, then the......
Land banking provides the keys to a dignified retirement The factors that determine growth and long term appreciation with real estate. It's common knowledge that the majority of millionaires come from investing in real estate. If you've been around long enough or up all night you have seen the infomercials claiming vast fortunes in foreclosures, tax liens and deeds......
Twitter me this "What's in it for me if I choose you for business" Recently I read a twitter post that triggered some deep profound thought on my part [especially since it was 2:10 in the morning and I had been up for some 19 1/2 hours. I was happily digging my way around and starting to follow some new twitter folks when this......
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How to Land Investment Returns You Can Take to the Bank When it comes to investment and calculating returns many people still get it wrong. Whoever said that one plus one equals two was correct in theory; however when it comes to actuality this theory only holds true after you finish the equation. Remember when your math assignment turned into......
Introduction to the IRA The IRA is an Individual Retirement Account that was originally created by the United States Congress as a means of providing retirement savings with tax advantages to workers that were not already being covered under an employer-sponsored retirement plan. Unlike the standard 401(k) plan, the purpose of an IRA is......
Review of the Richest Man in Babylon This is probably one of the most commonly used books by those who are looking to create wealth. It first came onto the scene in 1926, and shot to fame during the Great Depression as the desperate populace looked for a way out of poverty. While this book does raise......
Teen Credit Cards Stacey from familylifebydesign.com gave me a heads up last week on a new product being peddled by Discover. While I like the Discover More card for grown-ups, I am not fond of the new product aimed at teens, and here's why. The new Discover Current card is being sold as......
What is a Voice T1 Line? What is a T1?A T1 is a high speed digital connection with a capacity of 1.544 Mbps. T1s are typically used for voice, data or both. A T1 has 24 channels. Any telephone in your system can use these channels How does a T1 work?A T1 is an engineered circuit. ......
Credit Cards as a Money Tool Much of America has is in debt. Sometimes it's good debt and other times it's bad debt. I wrote about good debt vs. bad debt last week. Credit cards that you don't pay off are an example of bad debt. Many of them charge upwards of 20% interest. For that......
You hit the stores in search of that something special that you’ve always had to have or you just can’t live without, you search high and low for that most important possession. You spot it on a shelf tucked way inside behind other merchandise. You grab it and you can hardly believe your eyes; it’s in pristine condition what a bargain.
You’re so excited you can hardly contain yourself you rush to the checkout lane and whip out your old faithful wallet. Nothing to choose from except the old plastic credit card or some tattered cash tucked behind the flap. You decide on the plastic it’s smooth, colorful, and thrifty; it show class, grace and social affluence.
Your turn is up you make the purchase you’re so amazingly excited as you whisk away from the store with your new trinket in hand. You have just the place to put it right next to your other trinket you bought last week when you did that cool little thing at the office. You know just like the other items you had to have just because you wanted them.
You arrive at home and stare with curiosity and wonder as you place your nifty new purchase on the shelf with the others. It adds such new charm, and beauty to your collection. The way it reflects of the glass lit shelving is almost hypnotizing to look at and watch. Your content and feel as if you performed the greatest deed for mankind by making that purchase.
Your bills come in the mail as they always do and the first thing that you open is that credit card bill, your eyes almost pop out of your head as the astronomical interest rates seems to have eaten up all of your last payment and the reduction in principle was reversed due to other charges, taxes, and late penalties. You notice that you’re over the limit and your latest purchases aren’t even on that statement.
You begin to panic and feel a bit stressed that you overdrew the account. You’re not so happy with the purchase you made; you might even resent the purchase a little bit. You know this passes with time yet the debt continues to grow. Soon it consumes your entire life until you feel so overwhelmed that you can hardly even think about it without feeling like an anxiety attack is coming over you. You feel all knotted up and fearful of what might happen next.
The only people that call you are bill collectors and your debt providers to remind you that you are late on your obligations. You feel as if there is no way out a dark cloud is coming over you. Your reward purchase seems like a bad habit that you can’t break. You’re starting to realize that you have a spending problem.
You look for ways to stop the cycle but your relentlessness weakens with every failed attempt. Not to worry though, millions of people are walking the same path every day. Stuck in a cycle of social acceptance of “it is how it is”. People are being misled into this type of behavior; it’s easy to have an instant gratification mentality with the advancement of our instant access society.
People want it all and the want it now, you need to realize the problems and head it straight on face to face. Money spending can be very much a disease that ruins your life, health and wealth with no second thought; in a blink of an eye everything changes.
Don’t become a victim know the warning signs and seek out assistance if you can’t make the corrections on your own. First take a close look at your house are you cluttered or over stocked with items of clothing, collectables, shoes, tools or other items? Secondly take a look at your financial statements (profit and loss statement, balance sheet, expense report) to see what your financial net worth looks like.
With no second guessing you’ll soon be able to have a clear view of your entire situation. You’ll know if your rewards are reward to you or just rewarding to your creditor’s benefit. All of the frequent flier miles, rewards from Visa, Master Card, Discover Card and American Express are all designed to get you spending.
Rewarding yourself is for good behavior, once a month after achieving all of your contributions toward your future plans, current expenses all paid, unnecessary spending cut from your budget, as well as new profitable investments researched and purchased. Then and only then will you have the ability to consciously accept a reward for great or exceptional behavior. Until then it’s not rewarding to make purchases just for the sake of spending. It’s downright unrewarding and unsettling to our core when we do things of this nature.
We are just conditioned to think its normal everyday activities to be like this. No one has to live in debt over load or seek shelter from the weight of their financial burden. Seek knowledge and a plan to uncover your full financial potential. Stop the blatant disruption of the course of evolution by aligning yourself with the correct actions you are achieving for. Stop living for the moment if your not prepared to stay ahead of the curve and prepare for tomorrow. You’ll wind up six feet under a stack of bills waiting for every last breath to be sucked out of your life. Instead run the race, win the championship and earn the rewarding, respectfulness you deserve by taking control of your money habits today.
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Recovering from bankruptcy isn't as difficult as you may think I hear this cry from many people worried about their financial circumstances after they have decided that bankruptcy is their only alternative when it comes to recovering from financial hardship. I'm not an attorney yet I work very closely with them in my real estate business. On many occasions bankruptcy......
You can purchase an investment with a credit card 5 things to watch as you invest this way We have all heard the term leverage used when it comes to real estate and investing. Leverage the equity, leverage some one else for their skills and talents or their credit and financial stability. Have you ever heard the term leverage the credit card for making real estate purchases? I......
Organizing your daily financial routine Wealth it all starts with a concept, the challenge is making the mind choose from the heart. I know this may seem funny at first but you will soon realize that your actually doing it. You see when you make choices they always come from the heart first, then the......
How to Protect Your Identity During the Holiday Season Holiday cheer is all around us and winter is in the air, we feel the chill of the season and the happiness of the time of the year. No matter where we go it’s hard to hide from the fact that it’s almost Christmas time. With mistletoe and lit......
Tell-Tale Signs You Have Entered Liberation School I was reading an empowering article this afternoon which really helped me to spark an amazing idea. You know when you hit the wall in your day and you just feel burnt out and complacent in your mundane routine? You just accept it and deal with life as it......
Finances: Don't Take them So Personally I've got some personal finance blasphemy to get off my chest. It will probably even ruffle the feathers of more than a few personal finance writers. I'll take that risk, because I hate to see money wasted. People are wasting money every day and not realizing it. They aren't even......
Now is the Time to Assess Your Relationship to Money Well we are no doubt in the midst of a recession and a phase of tremendous change. Now is the time to evaluate how you relate to money. Our emotions are closely tied to money and consequently behaviors and habits. Here are some questions to consider: What is your personal......
Why is it Bad to Cancel a Credit Card? Unless the idea of streamlined credit you have in your head is having 8 credit cards in a single wallet, then chances are good that you have considered canceling some of the cards you do not use much. The truth about canceling credit cards: Do unused credit cards hamper you......
Smart Shopping During the Holidays When the holiday season rolls around, many of us naturally turn to our credit cards and treat them as a viable way to plump up our budgets for gift giving. Sure, credit cards can be a real life saver when cash is tight, but the secret to using our credit......
a quick and easy way to control spending I am not a budgeter. I have never thought in terms of categories of spending, partially because I view all of my expenses in a single bucket: something to be minimized where possible and reasonable, regardless of what it is. Because of this I sometimes ignore overspending for small......
When it comes to investment and calculating returns many people still get it wrong. Whoever said that one plus one equals two was correct in theory; however when it comes to actuality this theory only holds true after you finish the equation.Remember when your math assignment turned into a thesis written in some foreign language? You know pre algebra, algebra then the harder math classes such as geometry, trigonometry and calculus. Well these topics are the rest of the story.
I never really started to understand the importance of math until one day I sat attentive in a seminar. It was the first time I had ever been exposed to the theory that marketing for any business is built on a geometric scale that grows both in a linear and exponential proportions. Well it hit me like a ton of bricks. I knew before I attended this seminar and right then the reassurance of the presenter’s statement that this was also true for the growth of money. Anything that has the ability to grow works in this way. Here these two examples are true in both practical application and theory for these very same reasons.
You know an annual percentage return may be the number that was grossed in performance; the net effect of your performance will be based solely on your other implicating factors such as your total gross income, business income, tax basis, tax sheltering, margin of transaction fees, as well as your compounded cost of living and inflation. You wont have the same outcome as another individual with different circumstances; even if you both had invested equal amounts and had matching portfolio picks. Gross performance would be equal but those outside factors would equate to different results.
So your net return is the number that will get you to your destination. You need this number for a true and clear view of your path; what adjustments you need to make for both short and long term planning. Now that we have the vision of the bigger objective we can work it backward to see where improvement is needed. You’ll need to analyze your curent situation to take measurement of your current timelines for personal items such as your retirement, children’s college, trusts and charity contributions, cash needs with a preemptive costs basis analysis for items such as long term cash requirements, medical coverage, dental and vision care, travel, entertainment and those necessity items we dream about.
Once you have the data, facts and figures your reporting will give you the solved for X answer. With that number you can get a clear view of the amount of returns your investment needs are; hint, the longer the term of the investment the larger the returns need to be to cover long term capital principle reduction and taxation factors. The shorter the investment the larger the returns need to be for accelerated growth.
Are you starting to see a pattern here; your returns need to be large enough to cover expenses as well as having the consistency to perform in the most volatile market conditions as well as in good times.
When searching for these investment vehicles what are the key indicators you need to look for, longevity, strength, overhead reduction, tax sheltering capability and overall strong returns. Only a small handful of these vehicles have proven strong enough to make their claim to fame. Over all in the industry a ten percent ROI is an average marker, you can get fixed returns in the five to nine percent all day long.
Strong performance; commonly called millionaire rates of return because they will grow your capital much faster and create more wealth for your than the base rates. Banks typically give out zero to two percent on their checking, savings or money market accounts. Some give slightly higher your next step up is into cd’s or bonds and mutual funds, again these are low risk low reward. Annuities pay fixed and variable rates in this same range.
After this you start moving in to the stock and commodity market here you can make slightly higher returns with more exposure because your betting against the company leadership, sales and performance you have no control or inside information to guide your decisions only a boring prospectus to help you try to understand how things were in the company until print date.
For more aggressive options you have both risk driven and reduced risk exposure factors involved. Personally I prefer reduced risk in most of my long term investments. This way I don’t have to keep watching every second, I use compounded interest plus high rates of return with investment vehicles that provide consistent performance so that my stress as well as market risk are tremendously reduced.
Millionaire rates of return earn enough of positive return to compensate for those influences we all have to bear. Essentially millionaire rates of return are in excess of twenty percent per year. So if you can imagine your money growing three percent or twenty to thirty percent or more per year you can get the idea. It’s like filling up a twelve ounce glass with water with an eye dropper or using the faucet. Which one are you going choose?
You could use a fire hose but you might blow your glass off of the counter, you could try the raging white water yet again you may lose your glass and or your entire ability to reinvest in a new glass after you lost it. You see too much or too little power in your portfolio could have an adverse effect. Your choosing of assets need to be specific to your requirements not those of a financial advisors pocket book.
Make sure you understand how everything fits together in your life before you make those critical decisions. Have you received proper education and feel comfortable that this is what type of investment you need. Make no doubt about it everyone needs to become immunized and protected from financial disaster and financial illiteracy; it’s an epidemic in society that eats people alive. It’s robbing them of their youth and vitality and turns everyday average people into bitter, sour and grumpy citizens miserable with the out come of their life.
All due to the choices they made about money and the choices they made handling money. You have the choice to land big huge profits or meager profits that leave you grumpy. Get your financial affairs in order know before it’s too late. Make smart educated choices and learn from and like the master of profit potential on ways to hedge against capital reduction and extinction. Make the best choices you can for every situation to attract what you both want and need to prosper and grow.
Search for those hidden and less known investments then research them until you have answered all of your questions, have proof that it works for all those involved and make the choice is this right for you? Go ahead do it then wait for your performance returns to show up strong and make you proud.
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