Your Financing Strategy Ask questions from your bankers which of one these will benefits you most and which one could be costly to you. You can also get free checks when you open your account, you do not need to pay for checks. All checks are processed the same way that is up to you and how you manage your money. -Savings Accounts: Custom Savings, Money Market Account Checking Accounts: Economy Checking, Express Checking, -Regular Checking, Senior Checking, Student checking -Your Debit/Visa Card to use for shopping could be free when you open your account, make sure you ask for it, at times they will ask you if you want one or not. Where you use your Debit/Visa Card to withdraw money matters to your bank, it could cost you for using it at the wrong places, ask your banker for information where you could use your card without paying extra charges... Some banks charges between $1.00 up to $3.00 if you use their card to withdraw money from another bank that they do not do business with. It is your money... Each one of the above has advantages and dis-advantages, be careful when you are opening your accounts; you could loose money to the bank right away. You also need to know if your monthly statements are going to be free or not, when you make inquiries, the bank could be charging you for too many inquiries. Some things are free from the big banks and something's are cheaper from the community banks. Basic Requirements for lending you money: · Savings and Checking Account · (2) Good Credit or No Credit it depends where you are getting the money. · (3) Collateral such as your House, Car, Boat, Gold/diamond or any valuable assets they can hold on · Driver's License, · Social Security numbers · Good Employment, at least for six months. Lenders Information: Big Bank requirements- Can be very tough to meet because they have to abide by the 'Federal Reserve Bank or Federal Deposit Insurance Corporation (FDIC)' regulations. They got their money from the Federal Reserve Bank at a lower rate, however, they could turn around and loan it to the smaller banks at a higher rate, and the smaller banks loan it at higher quote rate to the public. Community Bank requirements/Credit Union: Well, the community bank is no different either, they turn to the big banks to borrow money at a lower rate so that they can loan it to their customers/clients at a higher rate to make some profit to stay in business. Private Capital market requirement: This is where the business gets tougher. The Capital Market enterprise is a big boy on the Wall Street, where they can finance just about anything they like, because they are not being regulated by the government, it is an individual rich businessmen that have money to loan out at a higher rate. They are not required to follow financing rule rigidly as the bank does, but they still have follow the consumer law that protect all of us from being taken advantage of. Family friends requirement: This one is your best source of financing, if you could find a rich friend or family friends that can loan you money without any attachment or collateral. They may ask you to pay them some small interest, or none it all depends what you are using the money for, at they would like to get a piece of the apple when they know you are going to make a lot profit. Collateralization: There some companies out there that would loan you money to meet your emergency needs, but becareful, they may ask you to give them your house, car, motor cycle or any of your valuables for collateral just in case you were unable to pay them back, but, they are very quick to take your valuables and you may not have any re-course to take them to court for doing so. I would stay away from such financing unless you have to... There is going to be a time when we are going to need finance or re-finance our mortgages, car, motorcycle, big boat, air-planes etc., that we cannot come up with up-front lump sum money to pay for it This force us to turn to our bank, family friends, private capital market, small loan companies to loan us that money. This is where we are being taken advantage of by offering us some sort of un-affordable rates. At first you would think this a great opportunity that it will not be problem, you could afford that payment being offered to you by your lender, you better think again before you sign that dotted line. They could be collecting interest from you money for long time without any of it going to your principle. Pay attention to dotted Line and Small print in the loan documents: The loan documents can be very tricky to read when you are not an attorney, the small fine prints areas are very important areas to pay attention to, because this is where they hid rates, timeline, and warrante, but if you don't pay attention to the rates they quote or offer to you in the loan document that you are going to sign you could be losing a lot of money. You probably better off to take to your attorney before you sign the dotted line. In the fine print of the loan documents is where they hid most important information that your lender did not want you to know about, especially mortgage and credit card documents. It sounds strange, but it is true, If you don't believe what I said here in this document, go to your loan documents and read the small prints in there you may find out something that you would not like to see or hear about, or if don't believe what I said here, ask yourself a question of why didn't they just print the whole loan documents in a readable format with nice fonts that an average third grader can read and understand it without having to scratch their head or look up words in the webster dictionary for interpretation of words, after all you are the consumer paying them for this services and they will be collecting interest from your financing for such a long time. 95% of mortgage homeowner never gets to the point of paying principle or their mortgage finance off before being taken away from them, but the bank or private investor already started to benefit. Yes, I understand they took the risk to finance us. I think what is fair is fair, they should make the loan documents more readable for us, and there should be no small prints that is had to read on any loan documents. They should be in a readable format that average Joe can understand; my question all the years was why are they making it so complicated to read if they do not have anything to hide? I also think the loan documents should not have so many pages when we are talking about saving the threes... Not too many consumers read all these pages, it has no value to have so many pages when no one really reads it, of course the attorney will not be making money if they these document could be reduced to minimum. My solution to this big fat loan documents should be to reduce them to minimum, all it should it be contain is, who own the house, the rate, how long is going to be paid, warranty, borrower's and co-borrower, and all other very valuable information it should not be more than 10 pages long.
» » Tabiat Melatah Boleh ‘Berjangkit’. Ini 7 Perkara Ramai Tak Tahu Tentangnya

Tabiat Melatah Boleh ‘Berjangkit’. Ini 7 Perkara Ramai Tak Tahu Tentangnya

























Personal Finance: Build Your Castle in the Air It is said (author unknown) that a neurotic person builds a castle in the air, a psychotic moves into it and a psychiatric collects rent. But before you dismiss this idiom as an old adage, think of this other expression: be careful what you wish for because it may come true. Also, think about what the Holy Scriptures says... as man thinks in his heart, so is he (Prov 23:7a, par). There are so many idioms, phrases, expressions and sayings about what we 'think' vs what we eventually become, do and have in life. For instance it is said if you think you can, you can, if you think you can't you are right... emphasis on what you think and not in your ability or lack thereof... why is this? It is because there is a strong connection between what occupies your mind-thoughts (obsession, passionate dreams) and your destiny! Yet we hear of wishful thinking which will take us nowhere and how we are admonished to abandon daydreaming and go to work. So what type/kind of thinking produces results? For instance, if I think daily I have lost weight, will my 100lbs disappear while I sleep? Images not Letters: When we talk of thinking, thoughts that produces results we are talking of 'an image' that you predominantly hold in your mind. Emphasis on 'predominantly hold', furthermore this image you hold must be held with 'passion, emotions' until you become one with the image. The more the passion-emotionally charged visualization, the faster the translation. But what really happens to bring about your thoughts into existence? This is what happens, say you want to loose that 100lbs, take a photo of a person who looks like the weight you want to achieve... stick that on your bathroom mirror, fridge, above your TV, car windscreen and on your computer screen, make sure you see this image constantly throughout the day, before you go to sleep and first thing when you wake up. Comfort Zone: God has created us to make both conscious and more importantly sub-conscious decisions to keep ourselves in our comfort zone-place of familiarity, comfort and safety. So when we move away from our comfort zone, we begin to make decisions (consciously and sub-consciously) to move ourselves back to our comfort zone. This is why, you can take a person (with poverty mentality) from poverty environment put him in rich environment and given time they will transform the rich environment into poverty environment. This explains why most lottery winners end up back in poverty, and some in worse financial situations than before the 'big win'... the comfort zone! Back to our example, as you look and intently hold the image of the weight you want to achieve; slowly but surely YOU SHIFT your comfort zone from where you are to where you want to be. Given time and persistence of holding the image, you completely move your comfort zone and begin to be 'uncomfortable' in your status quo. Soon you begin to make decisions compelled from within to change your status quo; you start eating responsibly and exercise for you are not comfortable with where you are. Loosing weight to become healthy begins in your mind not in the kitchen or gym. This is why television commercials are so effective and sponsors are willing to pay a fortune for prime time telecast for they know it works. They show you a grocery product being held by someone you are familiar with, have warm emotion with... daily, over and over again. The image of product plus emotion of your favourite sportsperson holding it eventually moves you to be comfortable with the product regardless of price. Next time you visit the supermarket, your mind is convinced that this is the product you should have "... because you are worth it" says one commercial. Resources and Opportunities: Once your comfort zone has completely shifted, you not only begin to get ideas and start working towards restoring yourself into the 'new' comfort zone but you also become aware (start seeing) of resources and opportunities around you that you need to do just that. For instance, have you ever decided the next type of car that you want to purchase and immediately you begin to notice/see them all over town? Where have they been all this time? The reason is simple but profound, once your sub-conscious mind is informed of what is important to you, it informs your conscious mind the next time your paths crosses with what is important to you to enable you to shift to your comfort zone. Once you have convinced your sub-conscious mind of the fact that you are not in your comfort zone and HAVE SHOWN your sub-conscious mind what/where is your 'new' comfort zone; then your mind goes to work for you showing you the path back to the comfort zone-resources and opportunities necessary to do just that. So if you don't see your path clearly-resources and opportunities to move-perhaps your new comfort zone is not clear (clear mental picture) and that you have not fully convinced yourself that you are currently not in your comfort zone. Do you see now how it works? Now replace that image of the weight you want to achieve with life you want to have-car, house, family, business, job, ministry, health, wealth, happiness, holidays. If you persistently and stubbornly hold the image (what you think, idealize) you will soon translate your image into reality through shifting your comfort zone. Napoleon Hill, upon studying hundreds of self made millionaires, wrote an entire book titled 'Think and Grow Rich', get hold of this book and read it with an open mind. James Allen wrote a timeless classic titled, 'As a man thinketh' and before I forget, read 'Acres of Diamond' by Russell Conwell. I love what Dr Murdock says ( http://www.mikemurdock.com ), pick a wall in your home and remove all the photos (images) of the past and replace them with the photos (images) of the future... magazine clips of the car you want to drive, the house you want to live in, the family you desire to have, size of the ministry you want to head, the business you want to have. God tells Joshua, leader of Israel, that if you want to 'make yourself' a success you must meditate on whom you want to be 'DAY and NIGHT' (Joshua 1:8). Again Bob Proctor speaks of writing what you want to achieve in little cards and read/meditate on these throughout the day and watch your sub-conscious mind working with you to go get them. This is why Ryan Higgins and Natalie Ledwell of Mind movies ( http://www.mindmovies.com ) have done; they have gone beyond still images to create moving images which are more powerful into shifting your comfort zone and hence work with your sub-conscious mind and spirit into identifying and making critical decisions to create the future you want. Start right now to build your castle in the air, convince yourself and believe passionately (mind and heart) that this is where you belong-where your comfort zone is-and watch yourself as you begin to build foundations for your castles. Timothy Kyara is a author, public speaker, educator, church minister and entrepreneur. Mr Kyara is the founder and director of Centre for Excellence(CfL). Centre for Excellence, is dedicated to inform, educate and hence empower the people on spiritual development, personal finances, personal development and prosperity and fulfillment. He specializes in using the words of God (Bible), professional and common sense knowledge (wisdom) in educating people to be happy, healthy, wealthy and fulfilled.




Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
close
==[ Klik disini 2X ] [ Close ]==