| |
mortgage: Getting A Grip On The Housing And Mortgage Crises... - 09/08/08 12:32 PM
September 8th, 2008 The seemingly never-ending housing and mortgage crises effect each of us every day whether we feel it or not. The fact that the federal government is taking them over in order to rein in their excesses demonstrates that the take-over of Fannie Mae and Freddie Mac represents something much more than just a government bailout.
Fannie Mae and Freddie Mac are quasi-governmental agencies that were virtually immune to the checks and balances of free enterprise. Their failure is the failure of government intervention in the free market that established these entities in the first place, and allowed … (0 comments)
|
mortgage: Financial News From The Week Of July 25th, 2008... - 08/04/08 02:25 PM
August 4th, 2008
I pay close attention to the financial news. It's part of my job to know what's really going on in the general economy so I can properly train other advisors and guide my personal clients with integrity.
Below are six articles from financial news sources from last week I encourage you to skim the first five and read No. 6 carefully.
____________________
No. 6...
March 3 2008: 3:38 AM EST
Don't expect another bull market
Stock returns may never be the same - at least for this generation of investors.
By Allan Sloan, senior editor … (4 comments)
|
mortgage: Alarming Stats About Young People and Money... - 07/28/08 09:40 PM
July 28th, 2008
America's young people are trapped in a dysfunctional paradigm that is robbing them of the oppotunity to succeed.
"The June 2008 Greenberg survey, entitled "Young People: Living on the Edge" illustrates the severe impact of the current economic crisis on 18 to 34 year olds...
"Of the young adult participants, 75 percent say they have gone deeper in debt over the past year. Nearly 19 percent of respondents report having their phone, cable or utilities cut off, and more than 15 percent have faced repossession or have had their credit card cancelled due to non-payment.
"Additionally, about … (8 comments)
|
mortgage: Basic Economics: Save First, Invest Later, Speculate Never... - 07/24/08 08:43 PM
July 24th, 2008
Americans have been bamboozled into thinking that they can get rich and retire comfortably by putting their money in the hands of people whose only aim is to move money from your pocket into some Behemoth's accounts; IRA's, mutual funds, variable annuities, variable insurance policies, ETF's, and on an on.
BUNK!
Here's a simple rule to apply to your personal economy: invest from savings, not from income; speculate only with money you expect to lose [if you win add the winnings to your savings.] If you never develop a savings program, you can't recover by ‘investing' unless you … (3 comments)
|
mortgage: Home Equity Isn't Money But A Lot Of Families Think It Is... - 07/15/08 12:50 PM
July 15th, 2008
A recent ad by the national Association of Realtors states that home equity accounts for about 65% of the average American's wealth.
WOW! There's something wrong with that equation. That means that a family with a $500,000 house and a $300,000 mortgage - $200,000.00 in equity - plus a car loan or a few thousand dollars on a credit card has more debt than they have assets when you exclude the home's equity. Do the math. If $200,000.00 is 65% of what the family puts on the balance sheet, the total on the bottom line is about $305,000. Add … (2 comments)
|
mortgage: Geopolitics And Your Pocketbook - Why You Need Cash Money NOW - 07/06/08 04:26 PM
July 6th, 2008
"Go ahead, make my day." Sudden Impact, 1983
It's the 4th of July weekend and I'm getting pretty darn mad at the 535 Cowards in Congress. We Americans are willing to follow leaders who look out for us and the country but are tired to the bone of the Dolts in DC who spend most of their time and much of our money trying to damage the opposition and get themselves re-elected.
Gas prices are going through the roof. Food from afar - and every other item that arrives in a truck, plane, train, or automobile - is … (0 comments)
|
mortgage: Real Estate and Whole Life Insurance: A Financial Marriage Made In America - 07/03/08 12:59 PM
July 3rd, 2008
"Louis, I think this is the beginning of a beautiful friendship." CASABLANCA, 1942
This is going to be a brief but replete post.
This post outlines a strategy that protects you against unforseen loss and guarantees a profit to your estate if you die owning investment real estate.
Every time you buy an investment property you have to establish a fund to assure that the taxes and insurance get paid, the maintenance gets done and that contingencies don't derail the investment's potential.
These expenses get taken care of If you put that money into a savings vehicle and draw it out as … (3 comments)
|
mortgage: American Money, American Oil, American Innovation...Revisited - 06/21/08 08:52 AM
This is a post made on May 9, 2008 and it is more relevant now than it was then...
Friday, May 9th, 2008 "Frankly, my dear, I don't give a damn." Gone With the Wind, 1939
America is committing suicide by Congressional Cowardice!
The Congress doesn't "give a damn." It has completely abrogated its sworn responsibility to provide vision, wisdom and leadership. Some in Congress have given their votes and their minds over to the insane claims of fringe groups who really hate America. Others have relinquished their power to the Behemoths; corporations, unions, lobbyists that disguise themselves as spokespersons for some group or … (0 comments)
|
mortgage: "Equity harvesting" is a gamble based on a gamble... - 06/20/08 12:07 PM
June 20th, 2008
"You got to know when to hold em, know when to fold em,Know when to walk away and know when to run."
The Gambler, Kenny Rogers
Equity harveting is the practice of acquiring the highest possible mortgage on your personal home so you can "invest" the money derived from the equity that is extracted in another appreciating asset.
Don't do it.
It's true that there is NO return on equity. If you were counting on appreciation in 2008 and had to sell a property that was appraised for $500,000 in 2006 - thinking you would see an increase - you … (0 comments)
|
mortgage: Reverse Mortgage Money Magic... - 06/19/08 06:29 PM
June 19th, 2008
"Made it Ma! Top of the world! White Heat, 1949
Reverse mortgages are often portrayed as last-resort financial tools; reserved for widows and widowers who have outlived their liquid assets and have to tap the equity in their paid-for homes to survive a few more years.
Not so.
Meet Bob and Sally.
They live in a $1.2 million home in a stable neighborhood in Denver. The house is paid for. They have three children. All three of the children are married. Each of the children is in a professional practice in a different city; Dalla, L.A. and Chicago. … (4 comments)
|
mortgage: A Legacy Trust Of Money Wisdom and Wealth... - 06/09/08 12:13 PM
June 9th, 2008
"There are only two lasting bequests we can hope to give our children. One of these is roots, the other, wings." -Hodding Carter
Don and Dawn want to give their children and grandkids both roots and wings. Strong Judeo/Christian values run through their veins and promise their progeny and heirs both roots and wings. There was something mising, however. Don and Dawn knew what they wanted, but were unsure of the "how to" part of the equation. That's where Money for Life practices help.
The Money for Life Guide that Don and Dawn are working with introduced the idea … (0 comments)
|
mortgage: How To Buy A Car And Make Money Doing It... - 06/04/08 09:01 AM
June 4th, 2008
"I'm king of the world!" Titanic, 1997
Americans have had a love affair with automobiles for over a century. We buy them with abondon; new, used, wrecked and restored. A car inflates our ego, provides useful transport and crystalizes our status. For many reasons it makes us feel like we are royalty; in charge of our world.
Unfortunately the opposite is true. Spending thousands of dollars on a product that is worth less than we paid for it as soon as we take possesion deflates our bank accounts and our balance sheets at the same time.
There is a way, however, … (5 comments)
|
|
|
|
|
|
Jeffrey Reeves
Denver,
CO
More about me…
EUREKONOMICS[tm]
Address: 1270 Jasmine Street, Denver, CO, 80220
Office Phone: (303) 355-0550
Email Me
 Links
Archives
|
;)
;)
