Saturday, June 15, 2019

Business Will Be Dead If They Does Not Advertising

Business Will Be Dead If They Does Not Advertising

Business Will Be Dead If They Does Not Advertising - When starting a home business, it is critical to get an corner over competitors with a same products services in a marketplace. To capture commercial operation site to foster your site by ad, if not afterwards we finish up with nothing.

Although a far-reaching accumulation products upon a market, latest products as well as services viewed by a day, even if a peculiarity product or use which we suggest is a best, not patron service. Without advertising, no sales as well as revenue. That is since companies outlay millions of dollars in ad. A product which has not been published, can easy to get mislaid in a rival market.

Create a tiny business, personal effects as well as trade houses have been mostly next promotion budget. But not regularly since right right away a good poor promotion costly as well as have been accessible with a preference as well as needs. The simple thought is a public's attention. Now there is a transparent bent for exploration. You can
creating an area with an tasteful as well as record we giveaway web directories. This can supplement poignant worth to products as well as services.

An in effect process for promotion home formed commercial operation The Internet is to try Shared advertising. Here people contingency additionally find products bearing during slightest expenditure, as well as combine your announcement with your product. This process transparent benefits as prolonged as we compute your product another. This process might be reduction ad expensive. Here, we can be certain which all Internet users
future product or use will really visit. We saw which we have to offer. Shared promotion is really usual upon a Internet as a apparatus a same aim group. Most advertisers who share a prominence of your product.

The Internet has turn a most appropriate choice for people business. There have been multiform essential methods Internet advertising. in effect advertising
important process for compelling products
Internet, since here a commercial operation can not see roughly as well as feel of a product. Using banners with good designs can be proven effective. Well-designed banners can capture more
the courtesy of a commercial operation as well as safeguard a trustworthiness product, advertisements, magazines as well as blogs, can additionally be capture commercial operation to a good extent.

Whichever process we follow, it is critical to note which promotion transparent as well as impressive. We all countries of product peculiarity obviously courtesy to a interests as well as desires of a patron to withdraw
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Credit Restoration And How To Increase Credit Score

Credit Restoration And How To Increase Credit Score

Credit Restoration And How To Increase Credit Score - Debt is the actuality of hold up via the universe as well as can occur even to the financially obliged person, the outmost vigour from family or work can infrequently be the cause. All is not lost, even if we have bad credit, bad credit loans have been customarily available, most can be systematic online.

If appropriation is supposing in these conditions, the loan is still used in the same approach any alternative sort of loan, or if payments can mostly be the reason since the credit measure of the chairman is lowered as well as these situations might be due to spontaneous errors innocent. Fortunately, we can scold the situation.

These bad credit loans can be used for alternative situations as well as not indispensably those debts have been used for the price of emergencies such as healing losses not lonesome can be used, for example, word or the wedding. There have been people who have money, even if it is not required since they instruct to steal to correct your credit score. With the loan which is paid continually as the equates to to grasp which goal.

Two loan options exist, the cumulative loan or an unsecured loan. The protected choice is the tip as well as the longer time to compensate the amount. Up to $ 150,000 can be borrowed in this approach to compensate up to twenty-five years. If the choice of unsecured loans to sum loan volume is most smaller, with the limit of fifty thousand dollars as well as the shorter generation of 10 years.

However, the residence or car, for example, used as material for the loan as well as the lender provides the loan formula in the reduce seductiveness rate, so borrowers losing their security if they do refunds. For an unsecured loan, the borrower pays the aloft seductiveness rate since there is no pledge which the loan will be paid. If we instruct to get the most appropriate prices, we should investigate.

The easiest approach to get online where we can encounter the lenders for loans with bad credit to the judgments opposite them for prior bad debt. However, not most lenders, this sort of loan so if we instruct to embrace credit during an seductiveness rate fits your bill as well as the in accord with remuneration schedule, we should opt for the loan online.

It should not be as well most difficulty training the bad credit loan, though can have the large disproportion to someone who desperately needs money. You can still find the lender online and, after remuneration of all which with the loan organised this approach your hold up again.

It is an preferred event if we assimilate in sequence to redeem their bad credit history, though additionally clearing alternative debts or profitable for something important.
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Saturday, April 27, 2019

Build Credit History as a Young Adult

Build Credit History as a Young Adult

Many young adults face a unique set of circumstances that causes them to struggle when trying to build credit history. Inexperience with finances, loans to be paid off, social pressure, a lack of financial planning; all of these are factors that will lead today’s young adults down the path towards a poor credit scores. It’s why you, as a young adult or even otherwise, need to build credit history. There are long-term ramifications of having bad credit, and exercising a bit of restraint today will go a long way towards helping you in the near and distant future.

It is unsurprising to see that a Harvard Professor in behavioral finance, David Laibson, conducted a study that ascertained one simple  fact. Most of the people that get lumped with surprise penalties and fees are newer cardholders that haven’t read the fine print and don’t know what to expect. And increasingly, young adults are falling prey to these “gotcha” charges and it is acting as a hindrance in their efforts to build credit history. Ironically, the beneficiary of this laxity on the part of young adults are more experienced customers for whom a lot of the subsidies are provided by the credit card company thanks to the penalties they impose on others.

Again, a theme that is common to all young adults is that of student loans. Make no mistake about it, it can be an absolute killer. I know of students that have just graduated and are lumbered with something in the region of $200,000 by way of student debt. That is an insane amount of debt to have as a young adult and it is again a major impediment for looking to build credit history. Peter Thiel, a co-founder of PayPal, recently went so far as to create a fund that offered $100,000 for a total of 20 students who were willing to drop out of school and launch their own companies. Peter believes that education is a bad investment in today’s economic climate, and there are many students who would gladly agree with him. It is a theme that resonates strongly amongst a population of 20 somethings that are lumbered with debt even before they get a job.

It takes decades to pay off that $100,000 student loan, and it is inescapable even if you file for bankruptcy. Then there are also the worries of social pressures and undue financial buoyancy. Being free from a social and career perspective, many young adults will spend freely and sometimes irresponsibly on automobiles, social events, entertainment, clothes and anything else remotely materialistic. Young adults that start out with a more limited credit history need to understand the need to build credit history. Maybe not now, but sometime in the future their credit will come under closer scrutiny and that is when the indiscretions and mistakes of their youth will come back to haunt them. That is why they (and indeed everyone) needs to work on developing a good credit history, because credit mistakes can echo for years and years into ones lifetime.

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Sunday, April 21, 2019

How to Build Wealth: Building Wealth is not That Difficult

How to Build Wealth: Building Wealth is not That Difficult

Building wealth can be a very daunting idea, but it is not nearly as difficult as some people make it out to be. You don’t need to be earning a huge amount of money and you don’t need to be very financially sophisticated in order to achieve this aim either. There are a few simple things that you have to get right though. As it is with all things in life, following a simple plan can have an everlasting on you when it comes to building wealth.

For instance, if you are spending more than you are earning, increase your income somehow or cut back on your expenses. It’s all about smart money management and it doesn’t take a rocket scientist to figure it out. For instance, I recently started teaching graduate students part time as a way of increasing my passive income. I’m sure you too can come up with an idea of your own. Also, save at least 10% of your net income each month. That’s enough (in the long run) to be able to achieve all of your financial aims and then more. Come up with a budget if you need in order to make sure your spending is never more than your earnings. It works for many, it can work for you as well.

If you have debt of almost any kind, pay it off first. The only time it’s excusable not to do so iis when some need needs to be paid off. For instance, if I had an internet service provider’s bill to pay off and credit card debt, I’d pay the latter off first. But if I had a mortgage, an internet service provider’s bill and credit card debt to pay off, I’d pay off the mortgage, then the debt, then the service bill in that order. Garnering interest-laden debt over time is perhaps the single-biggest impediment to building wealth. That’s because you can (or should) really start saving only after paying off your debts.

For something as simple as an auto loan, try and pay as much as possible in cash since you can save thousands of dollars over a lifetime by not paying the interest charges on it. Those savings you put away each month? Yeah, you can use that for this. Also, invest your funds in income securities. If you’re saving for something in the medium to long term, sacrifice the growth of equity for the assurance of fixed income. These also minimize credit and interest rate risks. As long as the principal amount is secure, 1% of interest will make no difference to you in real terms. If the value of these securities don’t fall with a rise in interest rates, you will be well on the way to building wealth.

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Friday, April 12, 2019

Credit Repair Companies can Help Fix your Credit Score

Credit repair companies, Credit repair services, Best credit repair companies.

There was a time, and it was not so long ago, when you could get a home loan from pretty much anyone you wanted to irrespective of how good or bad your credit score was. Today, lenders are looking for much improved credit scores if you are to get a loan from them and for some reason or the other that just doesn’t happen. People don’t have that kind of score on hand. And so if you are looking to get a loan or a mortgage you will be left high and dry as one lender after the next lets you down nicely or not so nicely. And did you employers also use credit scores to decide who to hire? What can be done about a bad score then? Well, simple. You turn it over to credit repair companies.

Credit repair companies, as the name might suggest to you, helps you fix up that credit score and makes you much better off financially than you were before. You can do all of the legwork yourself or you can hire one of several possible credit repair companies. And these credit repair companies will get the job done for you if you feel you’re not capable of fixing up that credit problem of yours yourself. If you don’t, that broken credit score could be a real problem, so it does make

sense to fix things one way or the other. A basic Google search or a glance at the telephone directory will reveal to you that there are several credit repair companies out there that are ready to help. Some are more evil than the rest though, so choose wisely.

Choosing the right one among several credit repair companies will help you boost that credit score of yours rapidly and it is the big decision you have to make. But how do you choose the right credit repair company? Well, see, that’s the easy part. The right credit repair company will not demand a large sum of money upfront. They’ll make a promise and deliver it and offer client references whenever asked for. Their contract will clearly state what they will do for you and will not pressure you. And of course, they will have some para legals on their team for assistance. See if all those check boxes are ticked off.

Of course, they will be more expensive than doing it yourself, but it’s always better to hire them when you don’t know how to go about doing things. These credit repair companies take at least 3-6 months to get the job done and they will charge a monthly fee. Some will also have a setup fee. That money is used to order your credit reports and develop a plan to improve your credit score. If you are still looking to not spend that money, find out ways to get it done yourself.

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Getting Preferred Stocks and How to Buy Them

Preferred stocks and how to buy them

To know if a company has outstanding preferred stocks and if you can get them, grab hold of its annual reports or even the financial statements, if you can get hold of it. Now, take a look at its shareholders equity. If any preferred stocks have been issued, a mention would be made of it here. If this is outstanding, then you can read more about the company’s prospectus for more information. Generally speaking, all banks issue preferred stocks as a prime source of Tier 1 capital.

If you want an overview at large, check out the Quantum Online website. It is a terrific tool for investors of any type, and of course that would include those looking at investing in preferred stocks. You are required to register with the site in order to gain access to their tables and list of securities, but it is well worth it since it is free. If you look around, you’ll find information about preferred stocks detailing its ratings from credit agencies, share prices, retraction information, dividend amounts, etc. You can look at several good options, such as the Malachite Aggressive Preferred Fund. It is a fund that is actively-managed and made available only for accredited investors.

If you are an individual investor, you can also be accredited. You need to be able to hold financial assets worth a net realizable value of over $1 million (either in an individual capacity or in a household). Failing that, you must have income before taxes of more than $200K in each of the two preceding years or $300K if you are married. But the simplest option is that to be recognized as an accredited investor, you need to invest at least $150K in the fund. Who says money can’t buy you everything?

But there are several options for you as an investor, such as the JOV Leon Frazer Preferred Equity Fund (also an actively managed fund) that manages to create dividend income by investing in preferred stocks. ETF’s too can be an option, given how they are all the rage at the moment. The management fee on these ETF’s are obviously lower than it is with mutual funds and that is one of the key benefits of ETF’s. For example, the Claymore S&P/TSX CDN Preferred Share ETF tracks the preferred share index and does so for you at a management fee of 0.45% per annum.

There are some key differences between stocks, bonds and preferred stocks and if you are looking to invest further in preferred stocks, hopefully you would have gained a better idea of how to do so. The key is to take a look at the company’s prospectus, since it will be available online and easily accessible.

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Thursday, April 11, 2019

Dividend Mutual Funds Offer Investors Protection

Dividend Mutual Funds Offer Investors Protection

One of the best ways newbies to the world of investing can get started is to try and learn as much as they can about investing and start to diversify their portfolios as best as they can. Mutual funds, and dividend mutual funds are an excellent way of doing just that. There are several choices that can be made when choosing between several mutual funds, but dividend mutual funds are a great way to invest since you get a little more back than you normally might and it’s great for investors that are beginning to earn their stripes. What dividend mutual funds do is pick out investments that pay off dividends.

Just in case you’ve been curled up under a rock and don’t know what mutual funds are in the first place, here’s a quick recap. Mutual funds are a collection of investments clubbed under one head. The mutual fund manager chooses what to invest in and when you invest in it you invest in everything the mutual fund holds. For beginners this is excellent since you won’t have to pick out stocks and end up losing a lot of money. In addition, it will let you diversify your holdings and spread the risk around. So you can choose between money market mutual funds, bonds, or commodities, pretty much anything when picking out mutual funds. And dividend mutual funds are obviously also an option since they choose dividend paying investments and help you recover your initial investment faster.

The little bit extra that these dividend mutual funds offer makes them a very safe bet. After a pre-set period, some companies will pay out money from its profits to its shareholders. This can be quarterly, monthly, annually or even bi-annually. This is money you get simply for holding the stock of the company. You can do whatever you want with it and only have to remember that there are taxes to be paid on it. Some companies even allow these dividends to automatically be ploughed back into buying some stock. That means you get shares for nothing and your holdings and earnings are boosted steadily just for participating in these dividend mutual funds.

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Wednesday, April 10, 2019

Personal Finance Loans Might be Just What you Need

Personal Finance Loans Might be Just What you Need

Perhaps you are hard up for money but no one will extend you a loan. Maybe you have made late payments on your credit cards to the extent that you have shot your credit score to bits. Now, in your hour of need, no one will be giving you a loan. What do you? Have no worries, because like a knight in armor come to save the fading day, you can always use personal finance loans as a way out of this little mess that you’ve made for yourself.

Normally, getting personal finance loans are easy as hell and you can get them without much of a hitch at all. Normally, the formalities of these personal finance loans are easy to complete and you won’t have to wait a lot at all. The fact is that these loans are much smaller than the common loan that you find out there and so they can be put towards any use imaginable. Want to fix up the car? Check. Want to do up the home? Check. Want to go on a vacation? Check. Want to use it to pay for hookers, alcohol and drugs? Check. See how easy it is to get one of many possible personal finance loans?

Many people that do get this kind of loan make sure that it is an unsecured loan. The problem with getting an unsecured loan is that the interest rates that will be levied on this loan will be higher than normal. But that is only true if you are asking for a large amount of money. After all, if you’re going to take an unsecured loan the banker will want some kind of proof of good faith that you’re not going to vanish with his money forever! Financial institutions don’t really care what you intend to do with this money so long as you repay it in a timely manner and in full.

Depending on how much you borrowed and the terms of the borrowing, the repayment of the article can go on for a few months or even a few years. The general rule of thumb though is that you should try to repay it as soon as possible so as to avoid hefty interest charges. Not only will you save on interest, but you will also be able to improve the credit score that saw you head for personal finance loans in the first place, nipping the root of the problem in the bud.

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Tuesday, April 9, 2019

Retirement Planning: No One Ever Said it Would be Easy

Retirement Planning: No One Ever Said it Would be Easy

One question that keeps on coming back to me like a faithful boomerang is on retirement and more specifically retirement planning. Everyone always ends up asking me just how much they should save up for their retirement. How do I put this delicately; there is no one number that I can give everyone. It’s just a personal thing. If I know you better, yes, I can give you a number. But allow me to explain why it’s such a point of personal reference. For some people a Volkswagen Golf GTI is their everyday car and a BMW M3 is a car they’d love to keep in the garage. For some though, the BMW M3 might be their everyday car while they’d love to see a Ferrari 458 Italia in the garage. Perspective; it’s a funny thing.

But how do you save up money like the numbers some people tout? Look, I never said retirement planning is easy; I did say it can be done though with some discipline, dedication and diligence. That’s the only 3D you need.

Just how much do you need to save?
Imagine you plan to work from 20 till you’re 60 (for calculation’s sake). What that means is you have to work for 40 years to get through potentially 20 to 30 years of your life. So your nest egg will be used up for almost as long as you will take to build it up. Now, let’s assume some more things. For one, let’s say your income matches the rate of inflation perfectly. Let’s also assume the same for your investments. Let’s also assume that your lifestyle remains unchanged. If that does happen, you will have to save something like 35% of your income each year. And that’s something not many people do.  Most people only save 5-6% per year, so you now see where the problem lies.

Retirement is getting earlier for most
Generations before us saved more and worked for more years than us and yet we want to retire earlier than them despite doing none of these things. We have a very materialistic mind and if you’re banking on your investments getting you to the Promised Land, you could be in serious trouble. Save more, invest better and work longer if you have to. Mind you, it doesn’t have to be a full-time job; even working as a consultant or part-time counts. Once you feel confident about money, you can always stop working and do whatever you want to.

Don’t ask when you can retire. Instead, know what you want to do and start planning towards it, whatever it may be.

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Sunday, April 7, 2019

Meditations on Money for the Inner Soul: Understand Road Blocks, Karmic Blocks, and How You Manifest Wealth

Meditations on Money for the Inner Soul: Understand Road Blocks, Karmic Blocks, and How You Manifest Wealth

We live in a time in history in which wealth has taken on a new collective meaning. There are more wealthy people than ever before, and in the collective imagination, we have a newly created vision of a standard of living that we consider our birthright. Credit cards, mortgages, and car loans mean we can experience ourselves as being well-off without it necessarily being based in reality. Whole countries live off debt and fake money. It’s all very confusing when there are still large areas of the world dealing with famine and disease on a scale that is unheard of in what is termed the ”developed” world.

The inequality and illusory nature of wealth are not the only reasons to be wary of its seductions. Even if you thought you were well-off, chances are that whatever wealth you thought you possessed has diminished in recent times. The upheaval in the world’s financial markets has made it only too clear that worshipping at the altar of materialism is a risky business.

So how do we navigate this treacherous territory at a time when material greed and expectation have reached heights that Socrates probably never even imagined? At a time in which global finances are in such rapid flux that no one can predict what will happen next?

First of all, stay close to yourself. Listen to your dreams and imaginings, and your inner promptings. Take yourself seriously. The soul will not lead you in the wrong direction if you pay attention. Learn to distinguish between the inner soul voice and the conditioned fantasy voice, and pay close attention to how manifestation functions for you.

The following are some questions that will help you work through your thoughts about money. Write these in your journal, and take some time to meditate on and write about each one.

  • Where does your money tend to come from? Do you get funds from your family, from your spouse, from hard work, from throwing big parties, from creating works of art?
  • How does money come to you? Does it come in sudden wind-falls or in regular paychecks? Does it come happily or unhappily?
  • What are your open gates for receiving money, and where do you think you might be closed? Visualize the gates through which money comes to you and see why some are closed. Find out what it would take to open them.
  • How does stuff come to you? Is it different from how money comes to you? (Sometimes people have a knack for attracting things over money because they have a negative belief about money itself.)
  • Look for where life is easy for you and see if that lesson can be applied to the realms that are more difficult. For example, if you have easy, plentiful friendships with women, think about working in a field in which women will be your clients or customers.
  • Examine your family of origin issues. Every family has its trips about money. What did you learn about money as a child? If money was lacking, what concepts has that imparted to your thinking? If you were born into a family that had money and that you have inherited, accept this as your fate and use the money to further your soul dream, which will often be philanthropic and/or socially responsible.
  • Look at where you disrespect money and waste it, and clean up your act. Look at your ethics and see if you feel entirely comfortable with all your choices.
  • Add up how much money you spend a year in interest and see what you can do to turn that negative into a positive by earning the money before you spend it.

Gratitude practice is useful in clarifying our relationship with money. Think about all the financial help you have received in your life and give thanks for it. Gratitude blocks can often arise around money because it can be such a charged issue, bringing up issues of entitlement in particular.

If you feel you don’t have as much money as you need, look at what useful function the lack of money might serve for you spiritually. For example, if you tend to be scattered in your thoughts and actions, a lack of money might serve to focus you on what is really necessary. Imagine having all the money you think you need and see how you feel. Within that you may find clues to why you might be blocking yourself from being wealthier.

Practice respect for but also detachment from money. The gods and goddesses of money seem to like us to pay close attention but to also be relaxed. (That applies to just about everything, though, doesn’t it?)

Give space in your perceptions for the possibility that everything right now is absolutely perfect – that the restrictions you experience on the material level are actually part of the divine plan of your soul for your ultimate fulfillment. Do this while vowing to free yourself of karmic restrictions brought about by erroneous thoughts and actions regarding money, work, and material anxiety.

Lara Owen, author of Growing You Inner Light: A Guide to Independent Spiritual Practice (Copyright © 2009 by Lara Owen), has trained with spiritual teachers all over the world and has made a lifelong study of spiritual practice in several traditions. 
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Saturday, April 6, 2019

Time Management Training: What It Entails

Time Management Training: What It Entails

Are you an office manager or a business owner? If you are, you must know the importance of time management in the office. Did you know that when your employees don’t know how to manage their time, they likely end up costing your company money?  Whether you are a business owner or an office manager, you do not want to see this happen.

When it comes to poor time management at the office, there are many office managers and business managers who choose to provide their employees with time management training.  If this sounds like a good idea to you, you may be looking for more information.  You may be curious as to exactly what time management training its, how it works, and what your staff members will learn.  If these are all questions that you have, you will want to continue reading on.

When understanding time management training, it is important to remember that it does come in a number of different formats.  For example, most companies choose to hire outside specialists.  These are individuals or teams of individuals who come in and teach staff members the importance of proper time management, as well as share tips on how to get the most done through the day.  A good example of this is by showing or helping your staff members get their office desks better organized.  This is key, as organization and time management go hand in hand.

As nice as it is to hire outside help from professional office organizers and time management specialists, the cost of doing so may be a put off for you.  If it is, you may be able to host your own time management training sessions.  Doing so is actually a lot easier than you may originally think.  In fact, many business owners and office managers like this approach as it gives them complete control over what their staff members learn.

Speaking of what your staff members will likely learn in time management training, it will vary.  As previously stated, you can hire outside help or you can perform your own training sessions.  Regardless of which approach you do take, there are some things that you will want to make sure that your staff members know.  First, make sure that you not only tell them the importance of properly managing their time at the office, but show them ways that they can improve the use of their time.  These ways may involve keeping a clean and organized office desk, completing a to do list each morning, and so forth.

It is also important that you outline the consequences for employees who continue to waste company time.  After time management training as has been offered to all employees, there is no reason why employees should be seen standing around, socializing with each other, or using an office computer for personal use.  State that these things are okay for break time, but not during normal work hours.  You may want to go as far to show your staff members just how much their wasted time is costing the company.  Let them know that additional warnings may come, with termination being a possibility.

As a reminder, time management training is not required by many means, but you may find it a relatively easy and effective approach, especially when compared to terminating and rehiring new employees.
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How to Sell Your House by Lease Options

How to Sell Your House by Lease Options

How to Sell Your House by Lease Options - Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have realtor fees to contend with. There is a simple, easy way to have your payments taken care of for you and find a buyer, so that you can move onto your new life quickly and easily.

Homeowners can sell their homes by lease option.

What are the benefits of selling my house on a lease option?

When you lease option your house, you sell the right to purchase your home at a set price within a predetermined period of time. During that time, the purchaser of the lease option pays you a set monthly fee. They pay what amounts to their "rent" to you with the provision that they can purchase your house within a certain period of time and have part of the rent that they have paid you applied to their final purchase price.

Q What are the advantages of selling my home by lease option over listing it with a Realtor?

By selling your home in this way, you avoid realtor fees and some other closing costs. You also have a tenant who intends to purchase your property. They will take better care of the home than a renter would and may even fix it up a bit for you. You also, naturally, have your payments taken care of and keep the tax benefits of owning your home, until the final sale.

Q How long does it take before your tenant/buyer cashes me out?

A That depends on a number of different factors. Many people with less than perfect credit can rebuild their credit and receive a mortgage from a mortgage broker within 6 consecutive payments.

Q Why don'’t I just sell the house myself?

If you have little or no equity in your home, it will not be considered a good investment by most buyers.

Q What if my tenant/buyer doesn'’t buy the house?

A It is important to pre-screen buyers to make sure that they want to buy the house and are able to buy it at some point in the future. However, circumstances can change in someone'’s life, such as an unexpected job transfer, that make it necessary to move. In situations like that, a new tenant buyer would have to be found.
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Friday, April 5, 2019

What To Do With Employees Who Don't Properly Manage Their Time

Employees Who Don't Properly Manage Their Time

Are you a business owner? If you are, there is a good chance that you have employees in your staff who do not now how to manage their time. What do you do with these employees? If you are unsure as to how you should proceed, please continue reading on.

First, it is important to do something.  The last thing that you will want to do is let an employee who has bad time management fly under the radar.  Many business owners do not think about this at the time, but there are a serious consequences for not calling out poor performing workers.

One of the many consequences to allowing one of your employees to keep on wasting their time and yours, is that others are likely to follow suit.  Even some of your best performing employees are likely to waste time socially or by surfing the internet when they see that others are able to do the same and get away with it.

Your business profits will also likely be put at risk.  When an employee spends too much time surfing the internet or wasting time in general, it will likely take much longer for you to get projects completed.  This can have an impact on your business profits.  For example, you may later end up paying your employee overtime to complete a task that they should have finished during normal work hours.

If your business deals directly with the general public, an employee who does not know how to mange their time can also have a negative impact on your company’s public perception.  Deadlines should not be missed, but proper time management is vital when working with clients.  Did you agree to have forms drawn up on time for a client of yours?  If you did, they should be ready when expected.  If not, your client may look elsewhere.  Also, places that have employees just hanging around the office and socializing tends to look unprofessional in nature.

So, you now know the consequences of letting an employee with poor time management slide, but what should you do?

It is important to bring a lack of time management to the attention of your employee or employees.  Let them know that wasting time on the clock is not acceptable, especially when there are other tasks or projects that they could be working on.  Clearly state that socializing is for break times only.

Next, be sure not to let the same behavior continue.  Workers who have been warned about wasting their time and the time of the company should not have any excuse for doing so.  Give one more final warning before taking evasive action.  This action may include terminating your employee’s position with the company.

Despite the fact that termination is an option, you may have what you believe to be an otherwise good employee.  If that is the case, you may want to opt for time management training.  This can be done yourself or with the services of a third party.  In fact, if you have a large number of employees who seem to not know how to manage their time, you may want to opt for company wide training.

Should you decide to host your own time management training seminar, as opposed to using outside help, be sure to share tips with your employees, outline the importance of making good use of their time at the workplace, as well as the consequences of not doing so.  This leaves no room for exceptions and you should see a significant improvement in productivity in your workplace.

As a recap, if you are a business owner or even just an office manager, it is important to make sure that all of your employees are working to the best of their ability.  Your company and your own personal reputation may end up taking the fall for those who do not perform to the best of their ability.
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The Secret System For Getting Completely Out of Debt and Reaching Financial Independence on Your Present Income, in 3 Easy Steps

The Secret System For Getting Completely Out of Debt and Reaching Financial Independence on Your Present Income, in 3 Easy Steps

The Secret System For Getting Completely Out of Debt and Reaching Financial Independence on Your Present Income, in 3 Easy Steps - All families and home biz owners have to think about debt, finances, bills and income almost every day. There is no reason to be overwhelmed by something that can actually be CHANGED. How?

This article will show you how to:

  1. Eliminate all of your debt (including your mortgage) in 5 - 7 years
  2. Take control of your finances
  3. Become financially independent (the dream of most Americans) by retirement.

The First Step is to get a copy of your CREDIT REPORT. In it you will find your entire credit history. It may be shocking to you, but it will be revealing. I suggest that you do it today. At the bottom of this report is a link to help you get started.

The Second Step is to make a list of all the debts you have using the

"ROLL DOWN SYSTEM." This is a powerful but little known system that will allow you to pay off all your debts, including your mortgage, in half the time or less than you may have thought possible.

Start by calculating the entire amount you are spending on all debt payments each month, including your mortgage. Then list the credit cards, credit lines, car loans and other short term debt, from the smallest to the largest. From this time forward, simply spend the same amount each month to service your debt you have always spent. Here'’s the secret to accelerated payoff...

Once you have completely paid off your first debt, DO NOT begin spending the amount of the payment '– add it to the payment of the next debt on the list! As each debt pays off, continue this process. In a year or two, you will get to...

Your MORTGAGE! But now you have considerable extra money to pay each month. Using this strategy, you should be able to pay off all your debts, including your mortgage, in 5 '– 7 years! So, after you pay off everything, you can begin living the life of Riley, right? NO!

Now it'’s time for Step Three. You simply take the ENTIRE AMOUNT you were using to pay off your debts and begin INVESTING it in sensible mutual funds. This will be a considerable sum, and will allow you to reach that enviable state of FINANCIAL INDEPENDENCE that most Americans truly want to reach.

Here are two bonus strategies to create wealth even faster...

  1. Add as much as you can to your monthly debt payment from the beginning. The more you can add, the sooner all will be paid off and the sooner you can begin investing.
  2. Start a sensible home business to add extra income to your budget, but use its profits in this plan, not for high priced "fun." Added attraction '– having a home business offers numerous tax benefits for even more savings.

For many people, doing all of this seems a little complicated and difficult. That'’s why most have not implemented such strategies in the past. Many of these things can be done automatically with the right service. WealthLink is one such service which I highly recommend. It helps you get your credit report, analyze it, creates your debt payoff plan, helps you make a sensible investment plan and even offers an excellent business opportunity by giving you your own website to promote the service. Here'’s the link:

Good luck on the road to financial independence!
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Thursday, April 4, 2019

Learn To Save Hard Cash This Festive Season

Learn To Save Hard Cash This Festive Season

Learn To Save Hard Cash This Festive Season - Time was when shopping was a painful experience, a chore to be lived with. Cash Back schemes have now brought the fun back into shopping. One can now shop online and purchase all that you need without even leaving home. What's more, these online purchases also pay you back a certain amount on your purchases. Online purchase stores are now offering its customers up to 40% Cash Back on every purchase made. For shoppers, who do not like to venture out for their shopping and make all their purchases from online stores, these Cash Back rebate programmes actually pay them back for just the pains you are taking to go online.

Now, you may say that all this seems too good to be true, and might be skeptical about the whole idea. But all the skepticism becomes mud once you have the hard cash on your hands's. Yes, the Cash Back. The Cash Back Rebate Programme works once you make a particular online shopping site, such as ours, your gateway to make all your online purchases. The share of the commissions which we get from our online stores for bringing customers to them is then shared with who else, but YOU.

The Cash Back Rebate Programmes on the web consist of Cash Back on Credit Cards, Cash Back on Real Estate, Cash Back on Mortgage and Cash Back on Juvenile Money, apart from Cash Back shopping. When you log on to an online site offering Cash Back on Real Estate, find a good real estate agent who can buy you a good property or sell you a good one, and you will receive a share of the commission that is paid to the site by the agent for finding him a customer. This same principal operates on all the online sites which provide Cash Back Rebate Programmes to its surfers. Cash Back Mortgages provide you with a very useful cash injection at a very expensive time of your life.

The unique concept of Cash Back must have become clear to you by now. You can now prepare yourself to just sit in front of your computer and not only make your purchases, but also get paid back for it. Cash Back is shopping made bliss when you get all that hard cash in your hand after all the purchases you have made.

Sites which offers Cash Back opportunities to its surfers have quality stores like eBay, Circuit City, Hotwire, Advanta, TechDepot, Best Buy, Target on its site. So you're purchasing from quality stores as well as saving on cash. It's a veritable windfall for you, so don't miss out on such opportunities which you can find plenty on the net.

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Five Sure Fire Way to Secure Your Financial Future

Sure Fire Way to Secure Your Financial Future
Five Sure Fire Way to Secure Your Financial Future

"You can be poor when you'’re young, but you can'’t be poor when you'’re old." That was the tag line used some years ago in a financial services television commercial.

Truer words were never spoken.

I was relatively poor when I was young. Just about everybody I knew was and it was kind of fun. We lived an almost communal lifestyle, sharing money, accommodation, food, beer, cigarettes and other essentials of post-pubescent life. Would it be as much fun if I had to do it again today? Could I do it again? Not on your life!

Now I'’m anything but a financial genius but there are five basic principles that I'’ve learned and used to secure our financial future. And while far from wealthy, I have every confidence that I will not have to live in a refrigerator box whenever I quit working and that my wife will be able to comfortably carry on in the event of my premature demise. (You should know I'’m at an age where I think eighty-five is a premature death!)

Is building a secure financial future akin to rocket surgery? Absolutely not'— you need to do five key things to get started:

1. Determine your short and long-term financial goals. Start by taking a comprehensive snapshot of your current situation'—your assets, net income, debts and living expenses. Once you'’ve done this you can start setting long and short-term financial goals. Decide what lifestyle you want to enjoy between now and when you retire; what retirement lifestyle do you expect to have and what sort of education do you expect to provide for your children.

2. After you've assessed where you are now and where you want to be in the future take steps to protect your ability to get there--and stay there once you'’ve arrived. A major part of your family'’s financial program is to insure against major financial loss. There are simply no guarantees against serious illness, accidents or untimely death. So take the steps necessary to insure against loss of life, loss of income and loss of physical assets.

3. Pay yourself first. Save at least 10% of pre-tax income '– more if possible. Pay down your mortgage as quickly as possible, especially in times of low interest. In the short term, you'll be better off reducing a mortgage that costs you 6% than earning around a taxable 1.5% (or less) in a savings account.

Maximize your RSP/401K contribution every year and make the contribution at the beginning rather than at the end of the year. Simply doing that will substantially increase the size of your retirement nest egg when you'’re ready to cash out.

4. Avoid credit traps. If you use credit cards, always pay any money owing before interest is due. Consider paying off your credit card immediately if you have money in a savings account'—as with the mortgage, the interest earned on the savings is certain to be lower than what'’s charged by the credit card company. Avoid using credit cards for cash advances. Usually the interest charges are higher for these and the charges begin immediately. If you do carry a balance on your cards try to negotiate a lower rate with the credit card company. If you need money urgently, it's usually cheaper to negotiate a personal loan with your bank or credit union.

5. Finally, protect your family in the event of your death. Make a Will. If you die without leaving a Will in all likelihood the only thing you'’ll really leave your loved ones is a bloody mess'—one that could take many years and a whole bunch of money to sort out.

Without a Will, the court/government will decide how your property and possessions will be divided. I would expect there are two chances of them acting in a way consistent with what your wishes might have been'—slim and none!

Making a Will doesn't mean the Grim Reaper is about to pay you a visit. It simply means that your affairs will be sorted out in the ways you want and, as a result, you can go about your life with a peaceful mind because your loved ones are protected.

These five principles are only a starting point'—a few suggestions that any financial management professional can improve and expand on. If I have one regret about how I'’ve handled my financial affairs over time it is not enlisting enough professional help. When we were starting, the financial management business was neither as big nor as sophisticated as it is today. Who knows, with better help, I might be writing this from some warm Caribbean tax haven rather a cold Calgary office!

"Don'’t try this alone'—use a trained professional," is absolutely the best advice I'’m really qualified to give.

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Monday, April 1, 2019

Attaining A Debt Free Lifestyle

Attaining A Debt Free Lifestyle

Many people have been taught that you cannot get ahead without debt. We are also inundated with advertising telling us we can have anything we want. All we need to do is put it on our credit card.

We have become an impatient society, we want it right now. We have lost the ethic of working for what we want.

It is not how much money you make; it is what you do with it. By living without debt you can actually have a higher income since you are not paying out interest, you are actually getting paid interest on invested money.

All debt is not created equal. We will classify them as good debt and bad debt.

To simplify the classification we will say that good debt is a loan for something that you could sell at any time and repay the debt. This narrows down good debt to a home loan and possibly a home equity loan.

A bad debt, of course, is a loan on anything that will lose value.

Let's take a look at some debts that we would consider bad debt.

Home equity loans are in the gray area. They could be considered good debt if they are used to repair or improve your home, but you would be a lot better off to just save up the money for the project. Home equity loans become bad debt when used for purposes other than home improvement or maintenance. In other words a bad home equity loan is for anything that does not add to the value of your house. Do not jeopardize your home by taking out a home equity loan on unnecessary items.

One possible good use for a home equity loan is when the interest rates are low. You can use a home equity loan to refinance your mortgage. Home equity loans generally have lower costs than conventional home loans.

We consider school loans bad debt. If you finish school, get a good high paying job and then attack the loan like mad, a school loan may work out. The problem is that there are too many things that can go wrong. At best, even if you do graduate and get a good job there are always a lot of other expenses at this time in ones life. You are really behind financially when you start your working life in debt.

Auto loans are bad loans that have become common practice to us. We pay interest on a vehicle that will only be worth one half of its original purchase price in five years. Lately it has also been common for us to borrow more than a vehicle is worth. We can trade a car in that we still owe on, and roll that owed amount over into another vehicle. This gives us a loan amount that is higher than the value of the car that we drive away. We have lost our capacity to say NO.

Co-signing is a bad debt that usually and unfortunately involves family. If someone cannot qualify for a loan at a regular lending institution, they should not get a loan. The fact that they can'’t qualify for a loan elsewhere should tell you that they are a huge risk. Use this opportunity to teach them how they can get what they want by working harder for it and delaying the purchase.

If you want to get off of the debt treadmill, you must run as far away from debt as you can. You cannot use debt to get out of debt. Even if you do, you have not changed your habits; you must change your lifestyle.
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Sunday, March 31, 2019

Cost of Living Analysis

Cost of Living Analysis

If you've ever moved from the Midwest or the South to either coast, you realize just how different the costs of day-to-day living can vary among various U.S. cities. Many transplanted families pursue cross-country moves with the knowledge that their new hometowns will be more expensive. And many employers recognize that impending cost-of-living increase with a "cost-of-living allowance" -- a slight raise in salary so that an employee may maintain his or her current standard of living without having to tighten the purse strings upon arrival.

Nevertheless, no matter how prepared you think you are, you are in for sticker shock, Your grocery bill suddenly increases dramatically ... and yet you haven't bought anything out of the ordinary from your usual fare. You can spot disparities in the simplest of items. A six-pack of soda, for example, might cost $1.50 in the South, or perhaps $.99 during an occasional sale. That same six-pack can cost you as much as $3.50 or more in major East Coast cities such as New York or Boston. Your favorite fast-food haunt in Chicago might charge you $3.59 for a burger that costs you $4.59 in Seattle. If you're moving to a major metropolitan area, you could face steep parking fees, higher rent, an increase in taxes or other penalties. So many individuals and families on the move never stop to consider what the cumulative effect of these cost-of-living increases will be on their overall standard of living.

You can, however, do a little preliminary homework and determine what your living expenses are likely to be in your new hometown -- and how much higher or lower they'll be than your current ones. Of course, you can head to the library or bookstore and explore titles on the subject, but the Web is probably your fastest and most convenient resource. Many sites are dedicated in part or in full to this subject.

It hardly bears repeating, but the cities of San Francisco and New York take the cake for ranking among the country's most expensive. Ever talked to a friend who lives in one of these cities? Guaranteed, you'll feel better about your own increasing rent. Countless apartment-renters in these cities and others pay exorbitant rents and yet still continue to haul their laundry to a local Laundromat because they either aren't provided with laundry machines in their units or even in their buildings. Such inconveniences make it imperative that you determine to the best of your ability how much money you'll need in your new hometown to maintain your current standard of living -- whatever that might be. That preparatory work will go a long way toward decreasing the stress surrounding your move. And if you're negotiating a cost-of-living increase with your employer prior to a transfer, doing your research is worth the effort.
(See Virtual Relocation's Relo Smart)

While cost-of-living Web sites are many, they're not all created equal. Many cost-of-living comparisons fail to take into consideration the effect that changes in income, housing quality and/or size of household will have upon the availability of disposable income. An organization called Runzheimer International, which specializes in this very subject, recommends that consumers take into account four primary factors when considering cost-of-living changes: housing, transportation, goods and services, and taxes.

Each one of these factors contains subcategories. For example, housing includes rent or mortgage payment and interest, as well as real estate taxes, home insurance and maintenance. Goods and services is inclusive of a near-limitless array of subcategories, including clothing, medical care, recreation, restaurants, groceries and more. Transportation includes not only the expenses involved in owning one or more cars; it also includes your car insurance and registration fees, taxes, gas, maintenance, tires and more. Transportation also might include bus fees, subway token fees, toll charges, ferry charges or other related costs. And your taxes could include a myriad of charges: sales tax, property taxes, state income tax, local taxes, Social Security, and more.

A cost-of-living analysis can certainly be an eye-opener for any prospective transferee. And the reality of how much bite it's going to take out of the budget causes many employees to decline the offer of a transfer (if, indeed, it is an offer as opposed to a command). Aside from cost-of-living concerns, other reasons why prospective transferees decline a move include top nine reasons offers are refused. Children, and the emotional impact that a move could have upon them, are a common reason for declines, followed by disinterest in moving to a new location (and loyalty to one's current hometown), a conflict with one's spouse or partner over employment issues and concern about the effect that the transfer could have upon one's career in the long term.

Runzheimer International conducted a 1998 study with some fascinating results. The organization found that married employees refuse transfer offers more often, as do employees with children, females, employees who are homeowners, employees over the age of 40, single parents and/or primary caregivers, and employees who have spent less than seven years at the corporation at which they are employed. Approximately 83 percent of the employers analyzed in the study claimed that they selected transfer candidates based solely upon their job performance and not on their "demographics" -- in other words, the above-listed personal characteristics and family structures. Seventeen percent of employers said that they did, indeed, take demographics into consideration when selecting candidates for a transfer. Such personal considerations, of course, are much easier to account for when one is employed by a smaller, more tight-knit organization. While larger corporations certainly maintain files on their associates to which human resources representatives may refer during any transfer candidate selection, if an organization is closer-knit, allowing employer and employees frequent interaction (social as well as professional), it's more likely that an employer will take demographic characteristics under consideration when it's time to select transfer candidates.

After doing your homework, you've determined that your salary (see The Salary Calculator) won't allow you to maintain your current standard of living in your new hometown (even if you were offered an increase), you can certainly negotiate for a raise. Many employers will value open communication during this process. Your honesty will help them with the transfers they try to negotiate in the future with other employees. As we enter the year 2000 and head into a new century, employers are realizing they're going to have to sweeten the pot, so to speak, more than ever before in order to warm their employees up to the idea of a transfer. Family-friendly policies being instituted in workplaces nationwide are representative of a growing national shift in priorities -- the recognition that life has to find a careful balance between work and home. Employers increasingly are providing financial compensation, as well as job-finding assistance, for spouses who may have a gap between the time they sever current job ties and attempt to establish new ones in their new hometown; financial bonuses and other compensation (for example, a certain amount of free trips back to their hometown each year at the expense of the company, which is particularly common in the event of an international transfer); and a broadening of the definition of who is eligible for transfer compensation packages (for example, same-sex partners). Employers also are increasingly turning to consulting organizations to help determine how to best compensate their transfer candidates.

But while many employers are doing their homework, you can't always count on it. So do yours; it's a good insurance policy for you and your family. After all, it's much easier to negotiate additional assistance, financial or otherwise, prior to a transfer instead of after a transfer. Get on the Web, do a search on the subject, and head to your library, as well. Talk to your friends and fellow associates who have experienced transfers. Lay your cards out on the table, and be honest with your employer. It can make the difference for both of you.

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Saturday, March 30, 2019

Entrepreneurial Start tips

Entrepreneurial Start tips

Entrepreneurial Start tips - Many people want to start self-employment, this is great. When talking about business, this means we also talk about money or finance. An attempt will work well if the current in the matter of finances. The term cool the cashflow or cash flows. Problem of venture capital, how much venture capital, will be exhausted too if there is no good cash flow. Need to manage the flow of money so good for a business. Well, to start training for an aspiring entrepreneur or a new entrepreneur, what can be done? An aspiring entrepreneur can begin to manage personal finances. Problem manage personal finances, it’s really important.

How to manage personal finances, unfortunately not taught in college. A student majoring in economics are taught to make the financial statements or financial journals company of others, where he became a worker in it and not taught how to make financial reports as appropriate he was an owner of the company. This lack of college education system. Students are educated to be an employee who worked on the company’s financial statements, financial statements would not create a company that he will wake up.

Regarding finance, the audience can begin to manage personal finances, how to manage the salary earned money more wisely. The money will be good friends if managed properly. The money will be doubled if managed intelligently. Regarding the technical and how, will I share in the video package module successful entrepreneur as an additional package of 12 videos that already exist.

The core success in managing finances is located on your commitment. By starting to make a personal financial statement and personal financial management, a prospective entrepreneur would get used to it make financial reports in a larger scope and manage the financialmanagement company that he built later.
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Thursday, March 28, 2019

How Much Rent is Too Much Rent?

How Much Rent is Too Much Rent?

You want what every apartment renter wants: the most comfortable surroundings you can get for the lowest possible monthly rent. Some of today's newly constructed apartment communities have taken luxury to an entirely new level. Some complexes have gas fireplaces, TV monitors by the front door, drive-through mail service, and office equipment for their tenants, among other creature comforts. Every renter has to consider the importance of amenities like these. Are they important enough to you to merit a rent increase of perhaps $200 more than the rent you pay now, at a modest yet affordable complex? While some of us consider an apartment as just a place to hang one's hat, others place a premium on home surroundings. But how do you determine how much you can stretch your budget -- without ending up in the poorhouse in the process?

One suggestion, provided by Metropolitan Life Insurance Company, is to spend no more than 25 percent of your monthly gross income on your rent. For example, if your annual salary is $30,000 per year, or $2,500 per month, you shouldn't plan to spend more than $625 per month on rent. And although it goes without saying, it's important to remember that the extra money you allocate for rent in a slightly more upscale complex means less money for your other expenses -- utilities, loan payments, entertainment, food, and most important, savings.

Here's a short checklist of factors, provided by Florida-based Apartment Hunters, that you'll want to consider when checking out a neighborhood. Of course, some of these factors may mean more to you than others, and you may want to consider some additional factors of your own.

  • Is it close to your place of employment?
  • Is the neighborhood safe?
  • Is it close to a good school system?
  • Is it close to your church?
  • Is it close to stores, banks and the post office?
  • Is it close to public transportation?
  • What are the parking regulations (if you own a car)?

First-time apartment renters share one thing in common: surprise at just how many hidden expenses they encounter. Hiring movers and paying your first month's rent only represent two small pieces of what can be a rather expensive pie. In addition, you're going to be subjected to a credit check, and you're required to prove that your gross monthly income is at a certain level, in order to provide your complex with some degree of security that you can pay your rent each month. So if you've overestimated your financial abilities in the past, either failing to make rent payments or credit-card payments, now is the time when that history could come back to haunt you. Here's a brief run-down of some of those hidden expenses -- and pre-move procedures -- of which many renters either aren't aware, or that they overlook in the excitement and bustle of moving:

Security deposits. Security deposits range from $100 to a full month's rent; the average deposit is approximately $250. Some apartments require separate deposits for roommates. Credit application fees are generally $10 to $35.

Verifiable income. Verifiable gross monthly income is at least three times the monthly rent. For example, a rent of $500 would require a minimum of $1,500 gross monthly income.

Credit check. A credit check will be conducted by the apartment community or management company representing the community.

Rental history. Any previous rental history will be verified, and mortgage payments may be included as rental history. Additionally, some communities are also conducting criminal background checks.

Leases. All apartments require a written lease. Lease terms typically are seven to 12 months. Most leases are written for 12 months. Shorter lease terms and month-to-month options often are available at premium rates.

Utilities. You rent will often include sewer, water, trash, and pest control. Gas and electricity are almost always paid separately by the tenant.

Pet deposits. Although many apartment complexes allow pets, they require residents to pay dearly for the privilege of setting up house with Fido. Pet deposits are stiff, and tenants are charged per pet. Deposits range anywhere from $100 to $300 per pet, and either all or a portion is nonrefundable. Some complexes charge additional rent for pets -- on top of the deposit. Pet size is commonly restricted to 20 pounds and 12 inches in height, although some communities do allow larger pets.

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Wednesday, March 27, 2019

When Renting Is Better Than Buying

When Renting Is Better Than Buying

If possible, it is ALWAYS better to buy than to rent. Right? Perhaps Not.

No one will deny that owning your home is a big part of the American Dream. It is also a goal that most people, rightfully, strive to attain. Home ownership can provide substantial financial rewards, afford tremendous peace of mind, be the source of immense personal pride, and greatly add to a person's general well-being and quality of life.

Having said all that, there are still certain times, and certain situations, where renting may be a far more viable option than buying.

You Should Consider Renting Instead Of Buying A Home When:

You Know Your Time In An Area Is Very Short.

If you know, for a fact, that you going to leave an area in two years or less, than the costs associated with buying and selling real estate might not only eat up any profits gained by appreciation, but may even cause you to lose money. Having said that, a viable option might be to purchase a house you would want to hold as an investment property. When doing this, buy a house that makes economic sense for you as a future landlord, not as a home owner. This may mean purchasing a townhouse or condo instead of a single home , or it could signify buying a smaller, less expensive home.

Your Financial Situation Means You Will Be Totally Strapped For Cash.

Stretching your qualifying limits can be a good thing for some buyers, in certain situations and markets. However, generally you should avoid any scenario that places you in jeopardy of finding yourself under serious financial strain. The bottom line is this: while some buyers can qualify for a loan by moving heaven and earth, conventional wisdom shows that they probably should not. A better option would be to test the waters. Spend at least a few months living as if you had already taken on the more strenuous financial obligations a mortgage payment would create. If you can do this (without a lot of stress), than you have a win-win situation. You will have saved extra money for your down payment, or your "cushion", and you will have gained an added measure of confidence in your ability to handle increased obligations.

Your Relationship With A Co-Buyer Is Not On Steady Ground.

Here's a word to the wise. If a couple is experiencing marital problems, buying a house is probably not going to solve their issues. What it will do is complicate the divorce process, should this be the unfortunate outcome. A better option for a couple might be to use the occasion of a mutual desire to buy a house as an opportunity to sit down and work out their problems, if possible, first.

Buying a home is (or should be) one of those high points in life. It should be exciting and wonderful and full of promise. With a little advance planning and forethought, it can be all that and more.

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Marketplace Overtaking Rent Control

Marketplace Overtaking Rent Control

Marketplace Overtaking Rent Control - Rent control is one of those concepts that seems like a good idea, at least until you think about it for more than 60 seconds -- an unusual event in an era of bumper-sticker philosophies and instant analysis.

The modern rent control era began with the federal Emergency Price Control Act of 1942. Such legislation was enacted while the country was at war both in Europe and Asia, and there was a need to prevent profiteering at home. Once the war was over, the need for price controls went away -- except for rent control.

In 1946, for example, despite the fact that we won the war and no emergency was in sight, the "Emergency Housing Rent Control Law" was passed in New York state, and that law still represents the basis for the control of more than 1 million rental units in New York City today.

Rent control regulations also arose in other jurisdictions, often because of concerns that tenants would be "abused" by "greedy" landlords and -- not incidentally -- because the number of tenants greatly exceeds the number of property owners, an important matter when it comes time to vote.

But rent control is wrong precisely because it hurts the people it is allegedly designed to protect.

Let's assume that people are economically rational. Thus, if you had money to invest, you would weigh such matters as risk, possible appreciation, and personal preferences as you decide where to put your money. You might see, for example, that there is no limit on stock profits -- profits which can often be made higher by downsizing and moving production overseas -- but income restrictions on real property in rent control areas. Being sensible, you would likely invest in securities rather than local communities.

If enough people make such decisions, money will pour into the stock market and realty demand will wane. The result will be fewer rental units than might otherwise will be built. Given less supply and a growing population, the natural result is higher rents -- precisely the opposite goal of rent control.

But not only does rent control turn economics upside-down, it is terribly irrational for other reasons.

First, if we impose rent controls we limit property owner income. But we do not limit costs for repairs, utilities, management, appliances, or other expenses. And certainly we don't limit tax increases, the mother's milk of big government. One is temped to suggest some linkage, say an increase in rents that is directly proportional to the growth of government budgets....

Second, we do not show equal concern for the poor in other areas. Imagine walking into a supermarket redesigned with price controls in mind. You could buy apples at, say, 69'¢ a pound -- but only if you earn less than $15,000 a year and have four or more dependents. Those in higher brackets would pay more. Rather than a single price for each item, there would be a spreadsheet where your price would be determined by the item being bought, your income, age, dependents, and other factors. And naturally, we would need lots of inspectors and regulations to make sure those pricing notices conform to appropriate guidelines.

Third, we now discuss the U.S. Constitution almost daily and how it might apply to current events in Washington. The Fifth Amendment, in words everyone can understand, plainly says that the government cannot take your property without just compensation. And that's exactly what rent control is -- a "taking" that arbitrarily deprives landlords from receiving income they would properly earn in a free marketplace.

The good news is that more and more states are prohibiting rent control. There's more work to do, but at least we're heading in the right direction.

Question Of The Week

Q We have been advised that a land contract can be used to avoid the due-on-sale clause for an existing mortgage. Is this correct?

A This is a debatable issue.

Most loans today contain a "due on sale" clause which provides that a lender may call a loan under certain conditions such as an ownership change. This clause prevents loans from being assumed by borrowers unknown and not qualified by lenders.

A "land contract" is an installment sale where title is not transferred until some or all payments are made.

Some attorneys -- and certainly most lenders -- argue that a land contract can set off a due-on-sale clause because the borrower has given up possession of the property and the right to future appreciation.

Others say that until there is a transfer of title lenders cannot accelerate loans when a property is purchased with a land contract.

There is also the practical issue that if a loan has a sufficiently high interest level and payments are timely and complete, a lender may not want to call a loan even if it has the right to do so.

The view here is that one should not suppose an installment sale can prevent a lender from calling a loan. Land contract rules differ by state, not all loan agreements have the same terms, different conditions may apply to FHA and VA financing, and being wrong could be costly and terribly inconvenient. Before signing anything, please speak with an attorney in the state where the property is located.

Weekly Resource

One of the best sites online for legal information is Findlaw. In addition to a variety of useful features, Findlaw offers an excellent review of the anti-trust allegations facing Microsoft, including an extensive link collection.

by: Dan The Roommate 
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Tuesday, March 26, 2019

To Buy or Rent For Your College Student

To Buy or Rent For Your College Student

September always means Back To School, and for thousands of families it also signals Off To College. In addition, more and more young people are opting to continue their education with post-graduate studies.

Once a student is past the Mandatory - Freshman - Year - In - The - Dorm Policy that many colleges have, parents face an interesting dilemma: should they continue to shell out rent, or considering buying a property for their children to occupy while attending school?

Here is a TRUE Story.

In 1994, A young man decided to attend North Carolina State University. He enrolled in a combination Master/Ph.D. program. This meant he would be in Raleigh, NC for the next four -six years. After investigating the rental options in the area, his parents decided to help him purchase a townhouse.

This was the deal. A 3 bedroom, 2'½ bath townhouse in close proximity to the school was bought for $72,500. Because the young man would occupy the property, he qualified for a minimum down payment, FHA mortgage. Because he had very little income of his own, (a small living stipend offered by the University), he needed his parents to co-sign the mortgage. The total outlay of cash (down payment and closing costs) was approximately $5000, which the parents provided. The total mortgage payments were around $760. With the help of a local rental agent, the young man was able to quickly identify two other graduate students who wanted to share the house. They each paid $400 a month, and all shared the utilities.

Fast forward four years. It is now 1998. The young man has lived virtually rent free during this time. From his living stipend, he would even have been able to re-pay his parents the $5000 they invested. (Note the use of the phrase "would have been able to". Since this a TRUE story, the truth is - he didn't!). Almost four years to the date that the property was settled, the young man had the townhouse appraised. The appraisal revealed a value of $98,000!

Partially because he didn't have to worry about moving, or fret about uncooperative landlords, the young man did well in his studies. He now looks forward to graduating with his Ph.D. in the near future. Thanks to his ownership of the townhouse, he has also established a good credit history, learned some valuable lessons in responsibility, and earned a whooping $26, 500 in appreciation!

This TRUE story reveals the distinct advantages to buying, as opposed to renting, for students. It also illustrates the factors that should be present to keep such a purchase from becoming an abject failure, instead of a resounding success.

Before You Buy For Your Student, Ask Yourself:

Can my child handle the responsibility of ownership? This is more often a question of maturity than an issue of chronological age. Some students are perfect for this arrangement at twenty, and some are not ready by thirty!

Does the city/town where the school is located have suitable housing, at a reasonable price, to purchase? If your child is attending N.Y.U. and wants to live in Greenwich Village, you probably are NOT going to make the numbers work!
Is property appreciating in the area; is this a "hot" location? With Raleigh recently rated #2 among southern cities, it is easy to see why this townhouse rose in value.
Will there be a steady supply of good tenants? If quality student housing is in short supply, then chances are excellent that the unit will never be without a good tenant.

If the answer to all these questions is "Yes", then you might do well to examine this option. Beginning the process is quite easy. Search the web for a good agent from that area, explain your goals, and leave the rest up to your real estate professional. If you've made the right decision and found the right REALTOR'®, you won't be the first parents this agent has helped.

 by: Dan The Roommate
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