Bigger Government Will Not Produce Economic Prosperity
Posted on August 3, 2010 - Filed Under Success Tips Articles | Leave a Comment
As election season approaches, I’m sure we will be mesmerized by all the promises candidates will be making. If they could do half of what they claim, we’d be taken care of from the cradle to the grave and never have to worry about taking personal responsibility for ourselves. Maybe it’s because I’m from an older generation, one that didn’t expect government to handle all my problems. In fact, I never wanted government to take care of anything for me. I considered it my responsibility to care for myself and my family.
Read More..>>America Needs A Good Dose Of Economic Castor Oil
Posted on July 6, 2010 - Filed Under Success Tips Articles | Leave a Comment
The stock market is in chaos, banks and insurance companies are failing and there’s plenty of talk about sub-prime loans and mortgage backed securities. With talk about derivatives, libor, GSEs, and more, who can expect average working people to know what’s going on? Every time you turn on the television news or pick up a newspaper, there are stories about how the economy is taking a beating. It brings to mind the old fable about Chicken Little claiming, “The sky is falling.” Granted, the financial structure in this country is extremely complicated and can’t be taken lightly, but just as from a tiny acorn, a mighty oak tree grows, there has to be a seed from which our current mess has grown.
Read More..>>Real Estate Is The Name, Wealth Building Is The Game
Posted on June 8, 2010 - Filed Under Success Tips Articles | Leave a Comment
Real estate has gotten a bad name recently. If you talk to people on the street, they will tell you that real estate is in the tank; that it’s not a good investment. Then if you ask, “What is the best way to build wealth?” You’ll get a hesitation before most of them will tell you that over the long term, it’s with real estate investments. Then comes the fun part! Ask them to define wealth. You’ll get a hundred different answers.
Read More..>>Why Little Johnny and Mary Struggle Financially As Adults
Posted on May 4, 2010 - Filed Under Success Tips Articles | 1 Comment
Another school year is almost over and millions of young people have sat through classes that focus on how to get a job, but fail to teach them how to handle the money they will earn. As a result the vast majority will go through life struggling to make payments on debts they probably wouldn’t have if they were taught how to manage their money and avoid the devastating effects of consumer debt. I don’t fault the teachers, I blame the system.With all the money spent on education, why is it so rare to find high school graduates who know anything about consumer mathematics? We turn out students who can plot the course of a rocket to the moon, but can’t balance a checking account, reconcile a credit card account or know that loan payments consist of principal and interest. Why is so much emphasis placed on preparing young people for college and so little effort made to teach them how to prepare a budget, pay bills and run a household?
Read More..>>Profit Is Made When You Buy Real Estate
Posted on April 5, 2010 - Filed Under Success Tips Articles | Leave a Comment
You can’t call yourself a real estate investor if you have to sell to make a profit. Buying real estate as an investment to provide income is an art not practiced by many who call themselves investors. Keep in mind, if you have to sell a property to make a profit, it’s not an investment, it’s a speculation. And, as all speculators discover, sooner or later you will get burned. That’s a fact that many people are now learning the hard way.
Read More..>>A Personal Escrow Account Can Provide Peace Of Mind
Posted on March 2, 2010 - Filed Under Success Tips Articles | 1 Comment
For most people with a home mortgage, their monthly payment includes an amount that is placed in escrow to pay taxes and insurance. This forces borrowers to set aside a portion of these annual payments each month so they aren’t caught short when the bills come due. It protects both the lender and the borrowers. It is a concept that could be used by nearly everyone to avoid having to go in debt when large annual or semi-annual bills come due.
Read More..>>It’s Time To Track Your Spending And Change Your Life
Posted on February 2, 2010 - Filed Under Success Tips Articles | 2 Comments
A couple of years ago, I wrote an article about the different individuals I had observed by hanging out in several convenience stores and watching their spending patterns. There was a major difference between those who were obviously wage earners and those that appeared to be executives or professionals. A far greater number of the wage earners came into the store to pay cash for the fuel they put in their vehicles and many would only put in $5 – $10 rather than fill up. On the other hand, nearly all of the executive/professional types paid at the pump with credit cards.
Read More..>>Children Deserve More Than A Legacy Of Crushing Debt
Posted on December 8, 2009 - Filed Under Success Tips Articles | 1 Comment
“The national budget must be balanced, the treasury must be refilled, public debt must be reduced, the arrogance of the authorities must be moderated and controlled, and payments to foreign governments must be reduced if the nation doesn’t want to go bankrupt. People must again learn to work, instead of living on public assistance.” This quote is attributed to Cicero who lived 106 BC – 43 BC as a warning to the Roman Empire. Whether he actually said it or not is debatable, but there’s no doubt the advice is applicable to the United States government today.
Read More..>>Debt Settlement Can Be A Blessing Or A Curse
Posted on August 4, 2009 - Filed Under Success Tips Articles | 7 Comments
An unfortunate outcome of the current economic downturn is the growing number of people facing debts they can’t pay. This has spawned a wave of advertising from companies who claim they can negotiate debt settlements for pennies on the dollar and help you avoid bankruptcy. Of course, it comes with a fee for their services. What the ads don’t disclose are the negative consequences of entering into debt settlement agreements. Your credit will be affected, but not as severely as it would be if you are forced to file bankruptcy. Think of it as the lesser of two evils.
Read More..>>Today Is The Time To Start Planning For Next Christmas
Posted on January 5, 2009 - Filed Under Success Tips Articles | 1 Comment
Each year millions of people experience the joy and remorse of the holiday season. Too often, the joy of giving is tempered by the remorse of having to face the bills in the dead of winter. This could not have been more evident than the event I witnessed while standing in the checkout line at a popular retail store. I was third in line behind two women who obviously knew each other. As the first one was checking out, she turned to the one behind her and said, “I swore to myself that I wasn’t going to spend so much this Christmas, but here I am again, running up my credit card bill buying presents to make other people happy for a day or two.”
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