financial advice: Are You Fearing Today's Markets? - 10/10/08 11:09 AM
The "F-bomb" is all over the internet and even being played up by the media today. No, I am not talking about that one, rather the "FEAR" factor. You cannot hardly turn on the TV, radio, or even computer without getting hit by news that the DOW is down over 700 … (3 comments)
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financial advice: Is Your "Lost Home Equity" Working for You? - 09/18/07 11:22 AM
I am sure you are asking yourself, "what the heck is this guy talking about?" Well, if you have been focusing on paying off your mortgage, you probably have no clue. Here is what I am talking about.
You may have missed this stat recently released...US 2Q Homeowner's Equity Falls to 13 … (0 comments)
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financial advice: Equity Harvesting, Money Merge Accounts and the Benefits of Using Both - 08/30/07 12:56 PM
Yes, you heard me right, utilizing both as strategic tools can provide major benefits. I am not talking about using the MMA software per se, but rather the special HELOCS allowing you to use them as a checking account to provide interest cancellation. This strategy is not for everyone, but may … (40 comments)
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financial advice: You Want to Own Your Own Home, But Do You Own it the Right Way? (Part 2) - 06/11/07 11:38 AM
This is a continuation of You Want to Own Your Own Home, But Do You Own it the Right Way? (Part 1). In the previous post, we compared Smart Stan and Timid Tom and how well their mortgage plans played out. We ended at the five year mark with Stan and … (1 comments)
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financial advice: You Want to Own Your Own Home, But Do You Own it the Right Way? (Part 1) - 06/06/07 10:39 AM
Most Americans think the same way and do not realize the old way of getting a mortgage is the wrong way to get the mortgage. They need to realize that things change and we need to change with them to take full advantage of the opportunities we can receive.
Let's take a … (3 comments)
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financial advice: Are America's Housing ATMs All Tapped Out? - 04/30/07 02:44 PM
Today saw the release of the US Savings rate, which improved from the last reports. It is still in negative territory at -.8%, but is up from -1.2%.
I know, many of you probably don't follow this number, and some may not even know what it means. Basically, its interpretation is that … (3 comments)
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financial advice: How to Earn Money by Borrowing at 6.0% and Investing at 4.0% - 04/25/07 02:23 PM
This article is about the benefits of proper mortgage planning and how they can lead you down a path to true financial freedom faster than you thought possible, even faster than an MMA can get you there. The goal is to show you how you may be able to use your … (21 comments)
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financial advice: Finding Solutions is What It's All About - 04/24/07 10:43 AM
As I went back to flying, I started thinking of whether or not I should continue doing mortgages or focus solely on flying. I came to the intitial conclusion that maybe I should just close up the origination side of the business and simply offer to speaking and educational events only … (6 comments)
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financial advice: Lower Interest Rates Ahead? - 04/24/07 09:23 AM
At 10am EDT this morning, two normally moderate impact reports were released that is currently moving the markets.
Both Existing Home Sales and Consumer Confidence were released this morning and both missed expectations. What does that mean?
Continued weakness in the housing market is apparent based on the Exisitng Home Sales numbers, but … (5 comments)
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financial advice: Are Exotic Mortgages Really to Blame for Rampant Foreclosures? - 04/16/07 08:30 AM
The media in particular, aided by many so-called "experts" have been laying a lot of the blame on exotic mortgage products such as Option ARMs, Interest-Only mortgages, and even regular ARMs. I have even heard them blame the Feds for raising rates too fast.
Why do they blame the mortgage products? Are … (11 comments)
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financial advice: Americans Just Can't Stop Spending - 02/01/07 12:39 PM
This morning, an inflationary telling report came out called the Core Personal Consumption Expenditure (PCE) Index. This report is one of the large contributors to determing the Fed Funds Rate movement and it came in at 2.2%, just higher that the 2% the Feds like. Nothing to worry about by itself … (27 comments)
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financial advice: Even the Wealthy Need Financial and Real Estate Education! - 01/24/07 12:07 PM
I was reviewing an article in the Wall Street Journal and how it highlighted the fact that even the wealthy are heading back to school to learn about how to manage their money. The article highlighted several courses at various colleges and some companies that offer specialized courses. The biggest question … (2 comments)
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financial advice: Interesting Way to Forecast the Destruction of a Market - 01/09/07 09:13 PM
In the January issue of Money magazine, there was a small little feature which showed the correlation between the movies coming out of Hollywood and the following devestation on the markets portrayed in the movie. While the snippet focused on how hedge funds are going to meet their turmoil soon, it … (7 comments)
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financial advice: Is Your Nest Egg Cracked? - 12/26/06 01:49 PM
When it comes to your retirement nest egg, are you certain that you will have enough. There are a few things that may causecracks in your nest egg that you may not have planned for. Things like rising health care costs, your planned life expectancy and social security (or lack thereof). … (2 comments)
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financial advice: Need Long Term Care? Mortgage Planning May Help - 12/20/06 03:16 PM
About a month ago, an issue of Investment News contained an article discussing the importance of long term care options for clients. According to a study by the American Society on Aging, more than 70% of all Americans reaching age 65 will need long-term care at some point in their lives.
Common … (5 comments)
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financial advice: Be Prepared for Tax Season - 12/18/06 09:58 AM
The Kiplinger Tax Letter for Dec. 15 is, as always, chock full of tax information that everyone needs to know. With the year coming to a close, and tax returns arriving in about two weeks or so, it is time to start preparations for the upcoming income tax filings. Even if … (2 comments)
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financial advice: How to Get a Tax Deduction on Your Roth IRA - 12/15/06 11:21 PM
OK, many of you have heard my response when people start talking about out of the box thinking. In case you don't remember, my response was that I like to think out of the box, but sometimes I like to blow the box up. This is an example of me blowing … (17 comments)
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financial advice: How to Receive Your Retirement Money Now, Penalty Free! - 11/27/06 09:04 PM
Now that I am back from my AR rehab experience (which I will blog about later), I decided to start with a post about a little known concept regarding retirement accounts. The information below is for reference, education and added thought only. Seek appropriately qualified individuals for guidance specific to your … (4 comments)
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financial advice: Millions Now Love Their Mortgage Even Though It Requires Monthly Payments - 11/16/06 09:36 PM
If you had enough money right now to pay off your mortgage, would you? Most Americans would, since that has always been the American Dream. The reality is that following the "old" dream can be detrimental to your financial health. In fact, millions now love their mortgage because it is working … (12 comments)
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financial advice: Planning to Retire a Few Years Later? - 11/10/06 09:08 PM
Most financial planners will lead you to believe that your only hope of being able to retire is to delay your retirement a few years in order to gain full social security benefits. The extra time also allows your 401(k), IRA, or other retirement investments to grow more. They will tell … (4 comments)
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