People are falling in despair because they are up to their eyes in debt and do not pay how to pay it out. In a desperate attempt to come out of the situation people tend to commit mistake which further enhances the problem. People start borrowing from friends and relatives to pay off the old debts and process of blame game starts in the families, which further leads to stress and pain.Before consulting an outside consultant it is very important...more
The financially ailing citizens of America have been looking upwards towards the government to get out of debt. The major debts which have been worrying individuals are:1. Credit card debts2. MortgageCredit card debt being an unsecured debt has extremely high interest rate and any non payment towards it makes the debt bill bigger and bigger. Averagely the debt bill of an average American is around $10000 on credit cards. This voluminous size of...more
Many of the major media outlets are reporting every day about the demise of the dollar. And so many of them are also simultaneously reporting about economic stimuli and potential tax increases coming out of Washington. What most of these outlets fail to do is report on how all of these events are connected.What else they fail to do (and much sadder, although not surprising) is their lack of reporting when it comes to what investors should do to cut their losses and make some gains. Well, since the 2008 economic downturn, many financial reporters and experts have jumped on the bandwagon to tell investors to buy goldeven though smart investors have been doing so for several years now.But now, government officials are at it again, with their talk of more stimuli and government bailouts. These could affect any profits one makes from gold, so its time to look at a backup plan: Silver. Ill show you what I meanHow You Can Win with SilverLeaving your money under your mattress isnt exactly the safest bet. It doesnt take a mathematician to figure out that government stimulus plans, bank bailouts, and lower interest rates all add up to inflation. If more money is circulating due to new...more
Small-cap investors have to be wary of the risks they take. Yes, its true that penny stocks are leading a potential rebound on Wall Street, and paving the way for economic recovery. But there are many roadblocks along the way. And wise investors are ones who do their research on any stock small-cap or otherwise before putting their hard-earned...more
Purchasing investment real estate for the first time can be a uniquely gratifying and frightening experience that combined with the current tough lending economy will deter many new property investors who would like to enter the market. It is absolutely imperative to remember that this situation we find ourselves neck deep in is not permanent. It...more
In the several months that have past, the mortgage loaning business has started picking up. This is because banks and mortgage institutions have started offering the lowest mortgage refinancing rates in the history of this business.This has contributed heavily to the picking up of these businesses. In the past week, you will find that the average rate for a thirty year mortgage was 5.68%.This is the lowest mortgage refinancing when you compare it to the previous year which was at 6.3%. The decline in the rates has led to an influx of refinancing due to the fact that home owners are looking to get out of the adjustable rate mortgages.By refinancing at this time, such home owners can have the opportunity of lowering the rate on their fixed mortgages. At the end of January, the applications that were made for mortgage refinancing stood at 22%.This was a research that was done by the Mortgage Bankers Association. For those who are paying the normal mortgage rate, they should consider the current lowest mortgage refinancing that is available.There are some skeptic borrowers who will want to wait in the hope that the current rate will go to a further low rate. Long term rates are in the...more
Bad credit has usually terrible consequences for the finances of those that suffer it. Particularly, when it comes to obtaining funding for any purpose, the costs associated with financing for those with a bad credit score or history are...more
Saving for your retirement is an excellent cause, but the amount that most people put aside for their retirement is often not updated with recent pricing taken into account, with the result that the funds put aside for retirement will not lead to the...more
When many people think of John Cummuta's Transforming Debt Into Wealth System they may be thinking that this is too good to be true. He says you can eliminate all your debts including your credit card debt and your home mortgage in 5 to 7 years with...more
An individual voluntary agreement is a good option for anyone who is in a lot of debt and is struggling to find a way to meet their payments each month. An IVA is a better alternative to bankruptcy and one that people would be urged to take. The...more
I have spoken to a couple of people who have had problems with writing that all important father of the bride speech and looking for a solution they turned to the internet and sure enough there was a vast of information that was available right at...more
You are what your personality makes you. The same goes in the world of trading. The trading style that you choose for yourself should match your personality. You should only take up day trading if you have the right personality for it, otherwise...more