credit card debt: WHEN IT IS GOOD TO GO INTO DEBT
- 02/27/08 02:58 AM
WHEN IT IS GOOD TO GO INTO DEBT uWin Financial believes strongly in getting out of debt as soon as possible and staying out as long as possible. There is, however, an exception to that rule. It is wise to go into debt if – and this is an important if –the borrowed money can be invested at a rate of earned interest that is higher than the rate of paid interest, and if the investment carries minimal risk. In other words, it would be wise to borrow at 9% if the money will earn 18% and not be subject to … (3 comments)
credit card debt: uWIN FINANCIAL INTELLIGENCE
- 02/25/08 05:16 AM
FINANCIAL INTELLIGENCE Are you keeping up with the Joneses? We really hope not! Read why… "Keeping up with the Joneses" is a popular catchphrase in many parts of the English-speaking world. It refers to the desire to be seen as being as good as one's neighbors or contemporaries and is associated with the accumulation of material goods. To fail to "keep up with the Joneses" has been perceived as demonstrating inferiority. Some people equate this with consumerism. Consumerism is the equating of personal happiness with the purchasing of material possessions and consumption. But, you already knew this. The bottom line is … (0 comments)
credit card debt: Proper utilization of a HELOC
- 02/08/08 07:29 AM
In a recent consultation, I was asked why would someone use a higher adjustable rate HELOC (Home Equity Line of Credit) when they have a lower fixed rate mortgage. That seems as if it is an educated question. However, when speaking of using a HELOC with a mortgage payoff program, such as the one offered by uWin Financial, it quickly becomes a question of less merit. Once one fully understands the way the program works, they’ll see that they are not using a HELOC in a traditional manner. Yes, when paying off your home or mortgage a HELOC becomes your … (1 comments)
credit card debt: Mortgage Interest Cancellation Programs
- 01/30/08 05:48 AM
I have recently been asked what is the difference between all the different types of programs that are available that help you payoff your mortgage faster. One of the best tools I've found to accomplish this task is what we call Mortgage Interest Cancellation Account (MICA). There are many other names such as Money Merge Account (MMA). Each company has their own name for the process in which they help you pay down you mortgage. If you are like most people you probably haven't heard about these programs. They are relatively new to the industry, although they have been utilized … (11 comments)
credit card debt: Can You Relate?
- 01/25/08 10:38 AM
I am from a small city in PA called Erie, right off the lake. If any of you have been there you have probably heard it called dreary Erie, or the mistake on the lake. I grew up in a broken home raised by my mother. I knew my father and had consistent contact with him. He was a military man and my mother was school teacher. So I was taught to go to school get good grades and that if there’s anything you want you have to work hard to get it. Now I don’t know how many of … (0 comments)
WHEN IT IS GOOD TO GO INTO DEBT uWin Financial believes strongly in getting out of debt as soon as possible and staying out as long as possible. There is, however, an exception to that rule. It is wise to go into debt if – and this is an important if –the borrowed money can be invested at a rate of earned interest that is higher than the rate of paid interest, and if the investment carries minimal risk. In other words, it would be wise to borrow at 9% if the money will earn 18% and not be subject to … (3 comments)
;)
;)
