Wednesday, May 30, 2012

Focusing On The Cost Of Living In Ajijic, Mexico

At Focus on Mexico, we get asked if it's any cheaper to live in the Lake Chapala area of Mexico, and, we always say, It depends on your lifestyle. But, as expat Jerry Draughon says on his website, I might be able to EXIST in the states, but I can LIVE in Mexico. That's how most of us feel about living in our little slice of paradise.

Talk about financial planningIn a website survey run every year in the Ajijic area, one single lady shows how she gets along on 8 a year, which includes rent of 0 per month! As she says, however, I'm proud not to be a consumer. I only purchase what I need and enjoy living a very simple and quiet life.

It's more realistic to look at the average expenses of the three single people in the survey, which comes out to be about 00 a month. The average for the three couples in the survey was about 00. However, the one thing we can say with unqualified confidence is that you definitely can live better for less in Mexico! It has been estimated that the cost of living is about 30% to 40% less than anywhere else in North America.

Do you want the same lifestyle you have north of the border? Well, your life is likely to change in unexpected, mostly wonderful, ways. When Bill and I retired here in 2004, we retired on his social security of alone. Who would imagine that after only one month in Mexico we would have a maid coming in twice a week? We owned our home, had satellite TV and Internet access, and ate very well indeed given that Bill enjoys cooking and we have an endless supply of fresh vegetables and meat, fish and poultry! Since we both had the same retirement plan in the Statesto drop dead at our deskswe knew we were living large!

If you're reading, this, my guess is that you can afford to retire in Mexico. You just want to know that others, like you, started with a dream and a budget and ended up in a truly wonderful reality.

One of our expert speakers during our Focus on Mexico 8-day Educational seminars breaks it down even further for our participants detailing her life in Colorado versus her lifestyle at Lake Chapala. Some of the costs that you might find interesting:

US Dollars:
1. Doctor's visit from -.00
2. Dental visit teeth cleaning - .00 (Crowns, around 0)
3. Hair cut for men from -.00
4. Ladies hair cut and permanent .00
5. Auto wash from -.00
6. 1-hour massage -.00
7. Pedicure or Manicure
8. Movie ticket (first-run movies in English; matinee) .00
9. Gardener .50-.00/hr
10. Maid .00/hr
11. Property taxes from USD to 0 USD a year, with a 10% discount for early payment
12. Water around a month (paid annually)

One of the best parts of living in the Ajijic area is that we do not need air conditioning or a furnace. And, generally, any expense requiring a large labor force (for instance, restaurants, construction or auto repair) is a real bargain. You'll have to search to find a first-rate evening meal exceeding USD from an incredibly broad selection of wonderful restaurantsEuropean, Greek, Thai, Italian, Argentinean and more! You want itwe probably have it here, or, most definitely, 30 minutes away in Guadalajara!

And the interesting part is that many foreigners claim their cost of living in Lake Chapala actually goes down each year. Guess why? Because the longer you live in Mexico, the more you learn to live in a peso-based economy. You're not taking that credit card out every time you turn around. You'll find that you don't miss the things you thought you would miss once you move down here. As Boomer consumers, Bill and I can definitely attest to that!

Moreover, you start thinking in more of a Mexican way. When Bill and I first arrived, things seemed a lot cheaper than what we were used to. Wow, only 0 pesos for THATlet's buy two! Just yesterday, at the tianguis, we were looking at a similar 0-peso item and I said: 0 pesos, you've got to be kidding! And, I don't know how it happened, but percentage-wise, we're saving a whole lot more than we used to in the States and even more than we were saving five years ago when we moved to Mexico!

Bill and I moved to the Lake Chapala area for the same reason most people leave back home. We wanted a lower cost of living, a temperate climate, and we wanted to leave the rat race. It's one of the best decisions we ever made. We tend now to be a little bigheaded about our decisionwhy are so many people still struggling with miserable climates, high utility and medical bills, and other services when they could live a much more enhanced lifestyle in Mexico for less? We're really trying to get over ourselvesbut it's hard!

Please join us on a Focus on Mexico program. You'll realize, after hearing our guest speaker talk about Cost of Living and Taxes, why so many people are able to move up their retirement date. Maybe you can too.

Monday, May 28, 2012

Birds Damage Cars

The Sunday Times has a motoring section called In Gear and one of the recent questions asked in its readers' Q&As was on how to deal with bird poo on a car. Russell Meadows, founder and owner of one of the UK's leading mobile car valeting operations, below gives a detailed step-by-step solution to bird poo on cars, why bird poo is a problem, and the way his company best deals with the issue.

Firstly, if the bird poo has been a recent deposit and is still fresh' then it would be possible to simply wipe it off with a damp cloth or by using one of Autoglym's Bird Dropping Wipes. Alternatively, if the offending deposit has been on your car for some time or if the weather is hot and the bird poo has become encrusted onto the bonnet, then other actions need to be taken.

Bird droppings have an acidity and content that can be both corrosive and, when wiped off, small particles can leave tiny though noticeable scratches on the surface of the vehicle's layered paintwork. If the bird dropping is not cleaned off quickly then it is likely to cause a bleaching and scratching of the top surface of the paintwork. The longer it is not dealt, the more corrosive and damaging the offending deposit can become.
In truth it is not the paintwork which is initially damaged, but rather the lacquer (a clear or coloured varnish which forms the final layer in the curing process of car paint finishes and which dries to form a hard and durable finish). To an extent, this lacquer layer is flexible, and this is where long term damage can be caused. During the heating and cooling that a car goes through in its daily use, this lacquer layer expands and then cools. As this cooling takes place and the lacquer contracts, fragments of bird poo get trapped, and particles of the offending deposit harden within the lacquer. The longer the period and greater the extent of this heating and cooling, the worse the damage can become. Eventually this damage can be visible as a dull area or opaqueness on the paintwork and the surface is likely to appear etched.

www.carvalet.co.uk, one of the UK's leading mobile car valet operations for prestige vehicles, believes that the best way for customers to rid a car of corrosive bird poo is to:

1. Act quickly the longer the bird poo is sitting on the surface of a car the worse the damage will eventually be

2. If still damp, remove carefully with a wet, soft cloth or Autoglym Bird Dropping Wipe

3. If the bird dropping is dried, cover the offending deposit with a wet cloth and leave for half an hour

4. If you have one, use a pressure washer to blast away the bird poo and then use a wet cloth to wipe away any remains and buff with a soft, dry cloth

5. If a pressure washer is unavailable then wipe away the bird poo with a wet cloth and then dry with a soft, dry cloth

6. Dispose of any dirty cloths and wash your hands as bird droppings, apart from being corrosive to cars, can also harbour disease

Russell Meadows, who is founder and MD of www.carvalet.co.uk, says Bird droppings is a common problem for our customers, and it is one that we are knowledgeable in dealing with. As many of our customers have prestige cars they do not wish the paintwork damaged so we ensure that these corrosive deposits are dealt with in the right manner so that the paintwork is as little disturbed as possible. We recommend that customers safely remove bird droppings as soon as practicably possible. As part of my company's car valeting services we use only quality cleaning products and cloths to ensure a pristine finish each time. Additionally our valeting services includes inspecting paint and lacquer blemishes and, where necessary, maintenance through paint correction. In this way, combined with our knowledge of both how to maintain a vehicle to its pristine condition and also the problem areas to take care on, including bird droppings, we are able to work as efficiently and effectively on a vintage Rolls Royce as on a brand new Maserati.

Friday, May 25, 2012

Can Your Home Be Legally Taken Away Through A Trust Deed?

Although Trust Deeds can be a lifeline if you are in financial trouble, some of the rules of having one can be pretty tough to take. Until recently, one of the most restrictive rules was that if you wanted to obtain Protected status on your Trust Deed and prevent your creditors from sequestering you, ALL of your assets had to be given to your chosen insolvency practitioner (also known as a Trustee) for valuation and sale.

Those assets required included your home, although there were various ways the equity within it could be released. You could either remortgage or sell the property. Alternatively you could stay in your home if the Trustee was willing to consider other arrangements, such as a family member or third party paying a lump sum equivalent to your equity. Under those conditions, the Trustee would usually be prepared to forgo their interest in the property. The Mortgage to Rent scheme was also an interesting alternative and allow you to remain in your home.

But problems arose with those homes that had very little equity and were sold. Once all the sales costs were taken into account, the actual amount available to creditors was very little, but because of the rules a Trustee would have still have to sell it. Many people found themselves in this position, and some people refused to leave their homes under such circumstances. And then there were those who had bought their homes with former partners and friends. For obvious reasons, they were annoyed at the possibility of losing their asset for so little value to the creditors. For some, they point blank refused to allow the sale or re-mortgage and the Trustee reached deadlock.

There are few options open to a Trustee when this happens. Take court action to force the sale was and still is one of the most popular, but before they did so they had to obtain either permission of the area's Sheriff if the consent of the owners was not given.

It is rare for a trustee to ask a Sheriff to step in like this and grant them permission to sell the debtor's home. Most of the time a compromise can be found long before this. However when it does happen the Sheriff has to spend some time considering the circumstances surrounding the case, so it is by no means a done deal that you will lose your home. The Sheriff takes into consideration the needs and financial resources of everyone involved, except the debtor.

The Sheriff may decide against it if it would cause considerable hardship to the spouse, civil partner, former spouse or former civil partner. In addition, the length of time the occupants have been living in the house and the interests of the creditors are also considered carefully.

But at the end of the day, the Sheriff can do only one of three things. They can a) grant the application so the sale goes ahead, although they can stipulate certain conditions must be met b) grant the application but postpone action for up to 12 months or c) refuse the application.

With the recession and the credit crunch, more and more the decision of the Sheriff tended towards letting the occupants remain with certain stipulations in place. Despite the clear need to debtors to repay what they owe, it was clear too many homes were being forced to sale and its occupants made homeless for what amounted to little for creditors. Worse the local councils would pay to house those occupants while the knock on effects, both physical and mental, to the adults and children concerned began to involve many more organizations who had to step in to help.

In November 2010, the Scottish Government had no choice but to tackle this problem head on. It introduced almost 50 amendments to existing legislation, which included:

* A debtor's home to be excluded from a Protected Trust Deed where it is of little value to creditors as long providing it has a mortgage or secured loan against it and the secured creditor agrees in advance not to claim under the Protected Trust Deed.

* A change in definition of property that can be excluded. Formerly this was family home; this has changed to debtor's dwellinghouse, which means that single people can now benefit from the changes while simultaneously excluding those people who live in a property that is owned but not occupied by the debtor.

* The Sheriff could postpone action to sell a home for up to three years to allow, for example, a child to complete schooling. This is three times longer than before.

Without even considering the other 47 amendments, these three alone are making the biggest difference to the lives of thousands more people with a Protected Trust Deed. They no longer fear their home being taken and having to go into council emergency housing or rented accommodation over a tiny amount of equity in their property. Finally, they can look forward to a debt-free future, safe and secure in their own home.

Wednesday, May 23, 2012

Making A Career As A Share Broker: Lucrative Amid Uncertainties

We are the citizens of world, a world driven by economy. Better the finances best is the life. The lifestyle and living standard of people is determined by the money he/she earns. The all push up and run up in the world is done for money. People, try out different shortcuts to earn fast money and one such short cuts is earning by share markets. It is legal and aptly approved by the state laws.

But playing in the stock market is not as such easy; it needs the lion heart and lady luck always sitting beside you. Your brave hearts should take pleasure between hubbub and instantly changing calculation. The share markets can make you rich from poor and vice versa within a blink of eye. And I am sure, any of my readers who have even a little bit knowledge of shares would agree with my points. Say it a fortune for brave and ill fated for the coward. It is not dramatic yet a white paper truth.

How to Prove Better in the Game

Now, the above discussion never means that luck is the only key to excel in the arena of shares. Any investment needs three vital parameters or traits ingrained in you. The envision, the thought process and the sense of right time (timeliness to invest). Off-course, it doesn't come naturally. You need to approach a stock broker training centers for share market courses. The training will give strength to your unstable legs and help you to cradle in the uncertainty of stock market.
I have tried to cover up some educational aspect of the broker training and what you need to climb up the ladder of stock broker.

Academic Front

So, something for aspirant, if you are looking forward to make a career in stock market and work as a stock broker be prepared for some pre analysis test. Get thorough with nifty surprises and the following confusion. Just a certificate from training institute would not at all work for you. A stock broker training certificate is not enough in order to make you a broker. The brokerage field, is demanding when it comes to education and qualification.

If you have at least a Bachelor's degree in finance and economics you would somewhere at lead and if you are MBA in the same than actually you are at lead. However assurance is not something that I can give you. Practical training seminars and self evaluation test is something that would really help you in the long run of the golden career. Let's have a look on the list of exams that may help you with the career or offer you the urged break. And when it is from centers like Share Gurukul then you are actually at the verge to enter in the world of shares.

General Securities Registered Representative Examination (GSRRE Series 7 Exam)

Uniform Securities Agents State Law Examination (USASL Series 63 Exam)

Uniform Investment Advisor Law Exam (UIALE Series 65 Exam)

Now the twist, no matter even you crack the aforementioned examination you need to start as non-licensed assistant and work under someone known and better in the field. This internship will actually be the boost in your career. If this experience adds in your resume and that too before the educational degree like Bachelors and Masters you will come at a demanding position.

Now why there is such a hush for the career follow my next post and get to know about the scope of work in and as Broker agent.

Sunday, May 20, 2012

The Fractional Reserve Banking Fraud

Fractional reserve banking and the fraud that came with it is at the core of the present-day financial system. In order to grasp an understanding of the ongoing dilemma, and why Federal Reserve Banks are at fault, it is essential to understand the concept of Fractional Reserve Banking and why it is more than just counterfeiting.

Contrary to what is believed, the American dollars in your bank account are not the same dollars in the form of cash (Federal Reserve Notes) in your wallet. The dollars in the banks are make believe paper dollars, or numbers on a computer created by the bank an obligation or promissory note to pay you a certain dollars in Federal Reserve Notes. Simply stated, the bank backs the dollars in your bank account while the Federal Reserve backs the Federal Reserve Notes.

Throughout time, gold was the only existing currency. Purchasing your daily loaf of bread with pure gold did not seem practical and for that reason, goldsmiths served as early bankers. Goldsmiths would issue certificates that were backed by gold and this allowed people to purchase things with paper money. This paper money was represented by pure physical gold bullion and was stored in the goldsmith's vaults.

Producing certificates to look after gold meant that a significant amount of cash (gold) was just sitting around in storage. So the goldsmiths decided to start a fraud. When this happened, they became the bankers we know today.

Creating this fraud was really simple. Given that people did not know how much gold was actually stored, it was easy for goldsmiths to issue out more certificates than the gold being stored. By doing this, they attempted to earn more interest than would have been possible if they would have limited themselves to loan based on the gold stored. These goldsmiths relied on the assumption that not all of the certificates would be cashed in at the same time and therefore nobody would find out.

This is a critical explanation of the fraud that is fractional reserve banking. In the time of goldsmiths, it was easy to distinguish between right and wrong. The promissory notes were backed by the gold in the vaults. The moment the goldsmiths decided to issue notes that were backed by nothing (aside from the supposition that they would have enough gold inventory to pay, assuming not everyone demanded their physical gold at the same time)thus the process of fraud began.

How is it possible that bankers were allowed to get away with something like this? How could no one say anything about the false creation of gold?

Enter the government. Corruption can stem from power, and absolute power corrupts absolutely. So indeed, the government knew the trick of the goldsmiths' scam. However, the world's ruling classes knew it was not convenient to stop it. Instead, they saw it advantageous to perpetuate the scam. Why? Because by taxing and regulating the issue of money, they could keep a system in place where both could profit. This inevitably led to what we know as Fractional Reserve Banking.

If you move forward in time 500 yearsthe US Dollar is the world's reserve currency and serving like the world's goldsmith. Privately owned by several mysterious group banks, the Federal Reserve System illustrates the jaded relationship banks and governments have developed in the last 500 years. For some reason, world economies fall in the same trap of the same scam.

The interest rate banks operate under and lend are controlled by the Federal Reserve. In addition, the Federal Reserve controls the fractional reserve ratios banks are required to maintain (as a percentage of their reserves held in Federal Reserve Notes). What does this mean? The money supply and the new money' being created are controlled by privately owned company comprised of banks allowed to counterfeit' money. There is also the interest charge on those dollars created out of thin air!

For those reasons, I have a nickname for Fractional Reserve Banking: I refer to them as Fictional Reserve Banking. How long will you allow yourself to be fooled by this fraud? Will you take the steps necessary to protect yourself and stay ahead of the crowd?

Here are some suggestions for further reading: It is essential to understand the Fractional Reserve Banking in order to find or create positive banking solutions for your family and future. Solutions like these are the ones author Peter Macfarlane writes about in his blog on offshore banking. Peter also writes several articles on the topic of Wealth Creation for The Q Wealth Report which is a leading quarterly journal dedicated to financial privacy and individual liberty, as well as offshore asset protection. He is also a well-known authority and speaker at offshore living events.

Thursday, May 17, 2012

Quality Over Quantity In Payday Loans and In Life

Payday loan lenders know that when it comes to loan terms, quality trumps quantity. Increasing the quantity of payday loan debt is discouraged by quality lenders. Quality lenders encourage borrowers to obtain only the minimum amount needed and to pay it off on time and in full. Quality payday loan lenders do not want their customers trapped in a cycle of acquiring a larger quantity of debt to pay off a debt. When it comes to payday loans, quantity is never a good thing.

This same principle often holds true for life in general. When individuals are trying to be frugal, they often purchase subpar, low-quality items, only to discover that said items were a waste of money. For instance, a shopper may buy an inexpensive pair of jeans to stay on budget, yet after one wash the jeans are faded, frayed, or misshapen. In such a case, the purchase was counterproductive; instead of buying a more costly pair of jeans that could last several years, the buyer opted for a cheaper pair that needs to be replaced continuously. In the long run, going the low-quality route ends up being more expensive than buying the quality product, as a larger quantity of the low-quality product is needed to serve the same purpose as one of the high-quality product. Instead of buying six pairs of low end jeans, the buyer is wise to invest in one pair of high-quality denim, which will last longer and fit better.

The same goes for home repairs. Doing something right the first time can be costly, but opting for a cheaper, half-done version ends up costing more in the end, as the job must be repeated a number of times. By abiding by the rule that quality is better than quantity, people can save themselves a lot of money and financial worry.

But quality items can be pricey. How can a person on a budget afford quality items and repairs so as to avoid the quantity trap?

Without breaking the bank, quality clothing and household items can be obtained in a variety of ways. There are many discount stores that carry high-quality clothing at a fraction of the price. All of these stores purchase overstocked and out of season items from designers, and thus are able to sale high-quality lines of clothing at reasonable prices. Deals on high-quality clothing can also be found at second-hand stores, as people from all walks of life donate clothing to these shops. Similarly, high-quality household items, such as furniture, can be found at second-hand stores, yard sales, and estate sales.

Home repairs are a little trickier. Unless a home owner knows a quality contractor, electrician, or plumber personally, acquiring quality home repairs is likely to be expensive. A home owner can avoid some expenses by doing minor repairs themselves, if they are qualified, but major repairs or renovations are best done by a professional. The upfront cost might be steep, but the long term costs will be significantly less if the repairs are done correctly the first time. A homeowner should read contractor reviews to ensure the highest quality repairs.

Similarly, when borrowing a payday loan online, a customer is wise to seek out the best terms and the most credible reputations; doing so may prevent a borrower from getting stuck in a cycle of acquiring a quantity of loans rather than one quality loan.

Wednesday, May 16, 2012

Bad credit cosmetic surgery loans-Finances to enhance your outer personality

Do you want to enhance your looks? This is the age of looks and everyone wants to look at his best. Are you fed up with several birth marks or physical disability? Here is bad credit cosmetic surgery loans for you that avail you swift financial assistance to undergo the cosmetic surgery. This could be the suitable source of finance that let you undergo the surgery without any financial troubles.

Bad credit cosmetic surgery loans are effective financial aid that finances your surgery without any trouble and hassle. You need to ask the doctor about choosing the type of surgery you need to undergo. There are both secured as well as unsecured form is available. You can choose the loan option as per your requirements and capability. Secured form demands collateral to pledge as a security whereas unsecured form is free from collateral. The major difference between these two forms is that secured form comes at lower rates as compared to unsecured form due to the presence of collateral. Unsecured form let you grab the money ranges from 00 to 000 with repayment tenure of 1 to 10 years.

Go online to get the affordable deal of cosmetic surgery loans. There are number of lenders that are offering this loan deal at competitive rates. Make a proper research and end up with the reasonable deal of all. Application just devotes few minutes in filling a single application form. Lender will approve your application and sent you the loan approval via email. Moreover, funds can be accessed directly from your checking account to use.

This is not a big deal if you are suffering from several bad factors. Bad credit cosmetic surgery loans welcome the bad creditors without any issue. So, even if you are affected with several bad factors like insolvency, foreclosures, bankruptcy, CCJ, arrears, defaults and so on, it does not affect the approval of loan. Lender does not create any pressure between the good or bad creditors.

Undergoing these loans would let you choose any of the surgery such as liposuction, breast augmentation, collagen or fat therapy, body tucks, eyebrows upliftment, removal of birth marks and laser treatments can be funded with ease.

To gain the perfect face and body with attractive looks, undergoing cosmetic surgery would be appreciable. However, it is an expensive affair, so getting this loan assistance is swift and suitable loan option.

If you want to look better without a mere defect, here are bad credit cosmetic surgery loans for you. This is the finest and reliable financial aid that let you get financed your cosmetic surgery with complete ease. You need not have to face the cumbersome loan procedure and need to wait for long, internet helps you meet your expenses with no pressure at all.

Tuesday, May 15, 2012

Get Car Loans Easy Utilize A Car Finance Broker

A lender will be a minor uncertain to lend you dollars for a car when they don't have any way to force you to pay for it if things go badly for you, meaning many banks are seeking for some form of protection on your car loan.

This failing to spend was part from the cause that the mortgage crisis occurred in 2007 through 2009, due to your breakdown of sub-prime mortgages. Negative equity caused by greedy bankers and unrealistic homebuyers made home loans a disaster to acquire. However, car loans are slightly various.

Many think it simple to get car loans, and they are no doubt correct. In inescapable fact, getting your first car loan can be the easiest thing you ever did. Sometimes it's as quick as moving in to your local traditional bank and asking for one. Unless you have bad credit and have not kept very good care of this traditional bank account you can be offered to purchase a car from your lender in no time.

Did you inquire to negotiate a lower interest rate? A settlement period that suits you and not them? Special terms for example a balloon payment or deferred payment while you wait for your first paycheck? Probably not, since you also did it yourself without success to use a appropriate car finance broker.

A do it yourself loan will never obtain the very same type of benefits and terms that a loan will get from having a car finance broker to help. A broker has access to numerous additional potential lenders than you have, and what is guaranteed above everything else to get you the most beneficial car loan terms? Competition!

The most effective loan providers for each type of loan will be kept in data that your broker will keep for:

1. No credit car loans.
2. Loans for those with court judgments towards them for non-payment of debts.
3. Regular loans at small rates: preset interest rates or a optimum rate.
4. Balloon loans - where you make a last significant payment if you expect a windfall.
5. Deferred Payments - in which you make no payment for 3 months or so.
6. Secured loans at smaller interest rates.
7. No-deposit loans
8. It goes on following that

You won't have that facts, so a car finance broker has a massive begin on you and can develop some pretty amazing quotes at times. It's not true in every single case, but in almost all cases men and women who have car finance brokers will conserve a substantial amount of funds over those who do not possess a broker.

There are quite a few uncomplicated advantages for that, but what when you came across a broker of brokers? Rather than a regular broker having files of person financial institutions to utilize they have lists of car finance brokers, each of these of which has lists of individual car loan lenders. You're certainly heading to find the top possible offer in this scenario as you will be significantly increasing the quantity of loan offers you're proceeding to obtain.

Firms internet are often in this kind of scenario. Not only do these brokers have a list of loan companies that they could use, but they have a list of brokers available at the same time. These loan companies can be specialist as in the list above, or they, themselves, often have their own list of options.

These web-based car finance brokers are the ones you need to locate should you are attempting to discover the best selection of loan providers which will suit the things that you need in a loan that they provide. They're going to negotiate along with you because they are in a business just like you're in a business with your job, when they wish to accomplish the deal they will locate a way to acquire it completed.

Sunday, May 13, 2012

Leveraging Property To Buy Property

Many lucky homeowners are using equity they gained during the recent bull market in real estate to purchase second homes. Leveraging one property in order to acquire another can be a solid investment strategy, as you increase your investment portfolio one step at a time, and one house at a time, by using each new asset to help pay for another one.

Banks will normally scrutinize credit reports and income documentation more stringently when you borrow to buy a second home, because they want to make sure that both of your mortgage obligations can be paid each month without a problem. And they may require larger down payments and charge slightly higher loan fees or interest rates than they did when you bought your first home. Nevertheless, many homeowners find it easy to qualify for new loans, and this is especially true for those who maintain excellent credit ratings. With the potential to profit from your purchase through equity appreciation, the repayment of a second mortgage is often easier than it was for a first mortgage.

For those who plan to use the second home as an income-producing property, there are also available tax deductions. As a landlord, you can usually deduct such things as repairs, utilities, and even routine trips you take to visit your property and check on its upkeep. Many investors combine their use of the second home, so that it is rented or leased sometimes, and at other times it is used as a personal vacation home. When you aren't making money by leasing it to others, you save money by not having to pay for hotel lodging at vacation time. A qualified tax planner can help you find all of the various tax advantages to spending your vacations in your own second home.

When applying to secure a loan for an income producing second home, it is a good idea to present your lender with a thorough business plan and any documentation that illustrates the practical income potential of the property. If the previous owner made a profit each year by renting it out as a holiday retreat in the summertime, your lender will be more inclined to have confidence in your own ability to manage the property for extra income. One good way to show income potential is to hire a professional appraiser, who can do a market analysis of your property by comparing it to similar income-producing properties in the same area.

Another popular way to finance a second home purchase is by using an equity line of credit based on the value of one's first home. Banks typically charge more interest for these loans, but you are able to avoid many of the closing costs that are associated with originating a separate mortgage. And regardless of whether you apply for a mortgage or an equity loan, you may be eligible for tax deductions of interest payments and other related expenses.

Create a Custom Real Estate Map with Clickable Areas and Linkable Regions

Interactivity is an important element for websites today -- whether it is for commercial or personal use.

This type of interactivity is crucial to the operations of a business website and would spell success or failure for a brand, product or service.

The real estate industry is no exception to this online trend. In an industry that is known for voluminous listings and directories of properties for sales or rent, having an innovative and highly interactive element to a real estate website could get visitors, and potential customers, hooked and would want to explore these properties more.

One such tool or element can be provided by interactive real estate maps. With a growing number of business transactions performed online, having such advantage could spell success and prosperity to a real estate website -- and to the business as well.

Interactive real estate maps can provide prospective buyers or investors an innovative way of obtaining information about a home, building and other real estate property. Instead of going through a dizzying array of listed properties, website visitors can use the interactive maps and get a graphical and more comprehensive set of information that they can use in deciding which property they would consider to explore more or on some occasions -- rent or purchase the property outright online. Interactive real estate maps can display clickable geographical locations where the properties for sale or rent can be found.

Specific areas can be custom defined and highlighted with coloured shades or animation to indicate available properties, with mouse rollover features that provide pop-out information about the property and transition animations with link to additional page once the area is clicked. This provides a fast and convenient way for visitors to navigate through the site -- an entertaining and exciting alternative to browsing through each property listing in a directory.

There are several interactive mapping tools available that can be used for this purpose, some of which can be publicly accessible or free such as Google Maps. However, such free software can be difficult to configure and could not be integrated to a backend database that the website may have. On top of that, advertisements and other unintended locations can appear during searches using Google Maps, which can draw your visitors' attention from their supposed target.

Using special mapping software for interactive real estate maps can give you customization features as well as easy integration with databases and other listings that your website may have. This could be very helpful particularly if the business has a fairly large directory of property listings that would be too exhausting for a prospective buyer to look at one by one.

With interactive real estate maps, finding a specific property can be fast and easy as well as entertaining and comprehensive. Interactive real estate maps are very comprehensive and innovative navigation tools that are not only very effective for use in the buying or selling aspect of the real estate business, but it can be used for other related purposes as well.

The interactive maps easy integration with databases can provide information not only of properties for sale or rent but for other services as well such as home renovation providers, moving and relocation, gardening, and other services that prospective property buyers may also be interested in. On top of that, a simple click of the mouse can link to additional information about the property, the county, city or state as well as additional information on other properties or landmarks within the immediate vicinity of the property. Soon, 3D elements can be an incorporated feature and would show not only the geographical location of the property but also an interactive 3D rendition of the property as well.

Friday, May 11, 2012

Online Payday Cash Advance - Important Questions Answered

Do you know what an online payday cash advance is? Are you aware of the type of money you can get, if you have a financial emergency? If you don't, you definitely will learn after reading this article. Below, will briefly discuss the important aspects of this loan.

What are the requirements of an online payday cash advance?

-You have to be at least 18 years old to apply -Must have a full social security number -Have employment for 3 months and be currently working on that job -Have legal citizenship in the United States -A valid residential address

How safe is it to give my information, to these companies?

It's highly safe, because these websites have "https" site security. Usually on a webpage, the address bar will have "http". But a page that has "https", is a site that has "s" in it and that means it is safe and secure. Always look for this, on any page where you have to fill in secure information.

Can I get this loan if I'm in the military?

Yes. You can get this loan, if you are in the military. You have as much access to these types of loans, as a civilian.

How much money can I get with this loan?

You can get a loan for up to ,500. You need to be approved though, before you can get an amount like this. If you want more than ,500, you will have to call or contact the agency's website and talk to a representative.

Car Wash Fundraiser Ideas

Car wash fundraisers are a proven money-maker in virtually every community. All you need are willing volunteers, a high-traffic location with good visibility, and some attention getting signs.

You can put a car wash fundraiser together on short notice, but they work best with a little planning. Here's how to get started...

Things To Do List
1- Line up a location with good main road frontage
2- Ensure it has suitable water access
3- Assemble supplies list hoses, buckets, wash towels, dry towels, squeegees
4- Assign each volunteer an item from the supplies list
5- Make 8-10 poster board signs in high-contrast colors
6- Arrange your volunteers in 2-hour shifts
7- Get advance publicity, if possible

How To List
1- Organize your group into teams - Promotion, Sales, Wash, Dry
2- Promotion team attracts new clients with signs
3- Sales team explains offer (use flyer for quick info) and up-sells clients
4- Wash team soaps, scrubs, and rinses each car
5- Dry team gets water residue off, vacuums, does tires, etc.
6- Have at least two lines so you can wash two or more cars at once
7- Wash cars for six to eight hours (Saturday 9:00 to 3:00 preferred)

Your fundraiser's success will depend on the weather. If you can wash 12 cars an hour (one every 10 minutes in each line), you can raise 0- 00 in one day.

Remember to put together a quick flyer that includes the reason why you're raising funds and clearly states the price. You can even offer some extra services such as providing high-gloss tire treatment or vacuuming interiors for an additional fee.

Car Wash Fundraiser - Success Tips
1- Location, location, location!
2- Sell car wash fundraiser tickets in advance
3- Use a flyer that clearly explaining why you're raising funds
4- List all prices concisely in large, bold type
5- Up-sell to include additional services
6- Partner with another group if your head count is low
7- Increase revenue with an extra offering such as a 2-for-1 pizza savings card

Alternatively, you can advertise a free car wash and just ask for donations for your cause.

Often, this can raise more cash than stating a specific price, because people will see a group of volunteers working hard and having a good time, and may part with their money more easily.

Final Advice
Make sure to keep the event fun for all your participants and your customers. Play upbeat music. Provide soft drinks and snacks to keep the energy level up.

Keep safety in mind. Be sure to get volunteers to hold and wave signs toward passing traffic, not just volunteers to wash cars.

If you have time, get your car wash fundraiser some publicity coverage in the local newspaper, or by posting signs a day or two in advance.

Thursday, May 10, 2012

Understanding Non Conforming Loans

Non-conforming loan is a loan that fall short to meet up bank criteria for funding. The following can be the reasons behind:
Insufficient credit,
The amount of loan if higher than the conforming loan limit,
The unconventional nature of the funds' use,
The guarantee backing it.
Often, non-conforming loans are funded by hard money lenders. Real estate loans are grouped under non-conforming since the borrower's financial condition or the property type doesn't meet bank rules. Non-conforming loans may be subprime or A-paper loans.
The suppleness of private money permits a wider choice of deals to be sponsored.
How to choose a Non-Conforming Lender?
It is wise for the Borrowers to opt for non-conforming lenders in a cautious way- keeping in mind on factors like proper rates and particularly a fine customer service rating. Rates for non-conforming lenders are higher than those of banks, terms are quite flexible and loans more effortlessly within reach. Companies advertising non-conforming loans are often just brokers who pass on the loans requests they turf to lenders.
Types of Non-Conforming Loans
Commercial non-conforming loans (hard money loans) - used to fund industrial and retail projects like theatre complexes, parks, medical centers, gas stations and more. Several commercial non-conforming loans are bridge loans.
Residential non-conforming loans - higher rates than banks. Few states have legal confines against non-conforming loans for housing real-estate. It is common in all's life that they find themselves in financial need due to ill-fated circumstances remote of their control. Before long they fall behind on their car repayments or quarters, are not capable to pay the credit card bills, or fight back with other obligations such as water rates or council which can consequence in a court order filed against them.
Non conforming home loans are a new fangled spectrum of home loan products that have come into rage over the last decade. They are a porch of personal funding that was set by mortgage brokers for their customer. The broker arranges a funding source and proposes more elastic funds to the borrower without the usual credit inspection.
Non conforming lenders have wrapped up and put procedure in this method of funding that now let's more people way in their suite of products that are customized for public whose situations are troubled due to some unavoidable reasons.
Non Conforming Low Doc loans
Low doc loan is a loan where the borrower is self employed and does not have finished tax returns obligatory to verify earnings for the loan. Several banks have now low doc loans however with non conforming lenders the borrower can have a bad credit record, mortgage defaults and also go nearly 90 per cent. LVR where established lenders will only go to 80 per cent LVR.
So how can non-conforming lenders do all of this???
Non confirming lenders do not necessarily have mortgage indemnity; this is a large portion of the equation taken into account. Non-conforming lenders give coverage to the risk by rate, more is the risk for the lender, the higher the LVR and the higher the interest rate. Non conforming loans permitted many people to accept back control of their finances by means of a debt consolidation loan and restore them back on path through refinancing every debt into one monthly repayment.
Anybody who fits into any of the following categories- a non conforming home loan may be the perfect answer to aid you with your mortgage:
Incomplete or no tax returns
Mortgage arrears
Short-term employed
Less than perfect credit history
Government Allowances
Irregular income
Self employed
Rejected by mortgage insurers
Limited savings record
Existing loan arrears

Wednesday, May 9, 2012

Real Estate - The Best Way To Buy A Home

Buying real estate for the first time is one of those things that people seem to be expected to know how to do. Why is that? It is probably the largest investment an individual will ever make with their money and the importance of making a good decision goes well beyond financial considerations. Making a big mistake when deciding which house to purchase could lead to any number of undesirable results, including foreclosure down the line. If you are concerned about the pathway to home ownership, here are some tips to help you conquer this milestone in the best way possible.

Hiring an Agent

You don't have to hire a real estate agent to buy a home, but first time buyers would be wise to do so. Yes, it costs money and you're probably trying to save every penny you can right now, but there are many benefits to having an agent on your side. One of the main benefits is being able to outline your budget and what you're looking for in a house and then having appropriate listings brought back to you. This can save you a lot of time and frustration. You may also be privy to listings that aren't on the market yet, putting you in prime position to make an offer.

Take Your Time

Buying real estate isn't something you want to do in an afternoon. While you don't want to miss out on the house of your dreams by dilly-dallying on a decision, you're probably better off letting it get away than you would be buying something you only realize later wasn't your best option. It's one thing to feel buyer's remorse after purchasing an expensive stereo system at the mall. It's quite another to feel it after buying a house. Take a couple of months and really research your options.

Taking Out a Loan

This is one of the trickier parts of the real estate racket, although it usually isn't nearly as challenging as home buyers think it will be. Loan offices and banks, after all, are quite accustomed to lending money to people who want to buy a house, even if this is a foreign world for you. Don't wait until you have your heart set on a house to get loan preapproval from a financial institution. This will open up many more sellers, as some will not consider an offer unless they know the buyer will qualify for a loan.

Tuesday, May 8, 2012

Second Mortgage Financing in Ontario

Second mortgage financing in Ontario is something that many homeowners use to raise capital to finance debt consolidations, home improvements and more. Refinancing your home and taking out a second mortgage is slightly more complex than taking out a loan or line of credit because they involve securing the loan against your home. Second mortgages offer many benefits. The three top benefits are they are often less interest, offer more flexible repayment terms and enable you to affordably borrow large sums of money. A second mortgage is a fabulous tool for taking out a large loan and well worth the slightly more involved process.

This first step in the second mortgage application process is you will have to make an application. It is important to check your paper work like your paystubs and house sales in the area etc. to ensure that the information you provide to your bank or mortgage broker is accurate. Over-estimating your income or property value could result in an approval but ultimately could cause your deal not to fund once your application goes into the verification process.

There is key information that must be disclosed when you apply for a mortgage. In addition to your income and property value having to be accurate and verifiable, your property must be owner occupied and must not be under construction. If it happens that your property is a rental property, is under construction or you cannot verify your income, it will change the nature of your financing. Usually institutional lenders like banks and finance companies will not want to finance these types of applications but with equity and a good Mortgage Broker you can sometimes secure financing under these circumstances from a private lender.

Once the application has been approved, if your second mortgage is not CMHC insured you will have to have an appraisal on the property. A property appraiser will come to your home to do an inspection and then issue a report to the lender that validates the value of the property. You will have to pay for the appraisal and the appraisal fee is paid when the appraiser attends your home.

After the appraisal is completed you will have to go to the lender or your Mortgage Broker to sign the preliminary paper work and will have to then provide any supporting documents that they require like your current first mortgage statement and income verification. We always recommend asking the lender or Mortgage Broker what supporting documents they will require before having your appraisal done. While they don't need them until you sign your paper work, providing them in advance and getting them approved will ensure that you don't face any surprises after you have an appraisal.

After you have signed all the paperwork, the paperwork is then sent to a lawyer so that they can prepare the final documents. You will have to attend an appointment at the lawyer's office where you will sign the final documents. Then the lawyer will register the mortgage and you will be able to pick up your funds within 1-2 business days.

It takes about 2-3 weeks to arrange a second mortgage but is well worth the wait.

Monday, May 7, 2012

Minimize Risk and Increase Business as a Secured Creditor

In these poor economic times, entrepreneurs may be witnessing neighbors in small business struggling with bad debts owed to them. Uncollected payments can quickly cascade into cash flow trouble for the small business owner. After all, credit is tight, and a small business is only as viable as the money coming in. If it is not a bank financing secured car and real estate loans, how can a business make sure that its interests will be protected when one of its customers is unable to pay its bills?

Extending credit as a secured party creditor may be more effective than costly collection agencies as a means of recouping bad debt. As a secured party creditor, entrepreneurs have rights to property belonging to a debtor if an invoice remains unpaid. Due to manufacturing processes, it may be impossible to take possession of the material listed on the unpaid invoice. A secured party creditor, however, can hold alternate property as collateral.

The first step to becoming a secured party creditor is to execute a security agreement with the borrower. Some small businesses may be reluctant to treat their customers as borrowers. However, implementing a secured interest relationship with a troubled customer may be a safe way to prevent severing a long-term business relationship. In the security agreement, the creditor should include the repayment terms and the definition of default, including the date the payment is due, the amount of the payment, the amount of time it must be past due to constitute the redemption process. The security agreement must be signed by both the debtor and the creditor.

After the security agreement is signed, it is time to execute the UCC-1 form. This form, originating from the Uniform Commercial Code, is an essential component to a secured loan. Depending on the state, these forms are most likely found at the Secretary of State's office. On this form, the creditor must list the property that is to serve as collateral. To uphold the claim, it is important that this description be as specific as possible. Once the collateral is listed clearly, both the borrower and the creditor sign the form.

The Uniform Commercial Code UCC-1 form is not valid until it is filed. Again depending on the state, this form will most likely need to be filed with the Secretary of State. The UCC-1 serves as a public notice that the property in question serves as collateral for the security agreement between the creditor and the borrower.

With the UCC-1 form filed properly, a small business will now have the assurance that it can recoup losses in the event that a customer defaults on payment. Some small businesses may be reluctant to require security for debts. However, by extending credit in these times while minimizing risks, entrepreneurs may likely be attracting more customers than small businesses who insist on stringent credit standards.

Saturday, May 5, 2012

Payroll Puerto Rico, Unique Aspects of Puerto Rico Payroll Law and Practice

The Puerto Rico State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Department of the Treasury
Bureau of Income Tax
Intendente Alejandro Ramirez Bldg.
Paseo Covadonga, Stop 1
P.O. Box S-4515
San Juan, PR 00905
(787) 721-2020


Puerto Rico has no State Income Tax. Therefore, there are no State W2's to file, no supplement wage withholding rates and no State W2's to file.

The Puerto Rico State Unemployment Insurance Agency is:

Department of Labor and Human Resources
Bureau of Employment Security
Prudencio Rivera Martinez Bldg.
505 Munoz Rivera Ave.
Hato Rey, PR 00918
(787) 754-5262

The State of Puerto Rico taxable wage base for unemployment purposes is wages up to ,000.00.

Puerto Rico has no provision of quarterly wages on magnetic media.

Unemployment records must be retained in Puerto Rico for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Puerto Rico State Agency charged with enforcing the state wage and hour laws is:

Department of Labor and Human Resources
505 Munoz Rivera Ave.
Hato Rey, PR 00918
(787) 754-2119


There is no provision for minimum wage in Puerto Rico.

The general provision in Puerto Rico concerning paying overtime in a non-FLSA covered employer is one and one half times regular rate after 40-hour week except under contract, custom, nature of work.

There is no provision of new hire requirements in the Puerto Rico law.

There is no provision of rules for direct deposit for Puerto Rico.

Puerto Rico has no Wage and Hour Law provisions concerning pay stub information except that employees paid by direct deposit must get a voucher showing all deductions.

Puerto Rico requires that employee be paid every 15 days.

In Puerto Rico there are no statutory requirements concerning the lag time between when the services are performed and when the employee must be paid.

Puerto Rico payroll law requires that involuntarily terminated employees must be paid their final pay by next regular payday.

Puerto Rico has no general provision on when voluntarily terminated employees must be paid their final wages.

There is no provision in Puerto Rico law concerning paying deceased employees.

There is no provision of when unclaimed wages should be paid in Puerto Rico.

There is no provision in Puerto Rico law concerning record retention of abandoned wage records.

There is no provision in Puerto Rico law concerning tip credits against State minimum wage.

In Puerto Rico the payroll laws covering mandatory rest or meal breaks are only that all employees must have 1-hour meal period after 3rd and before 6th hour of shift unless agreed otherwise.

There is no provision in Puerto Rico law concerning record retention of wage and hour records therefore it is probably wise to follow FLSA guidelines.

The Puerto Rico agency charged with enforcing Child Support Orders and laws is:

Child Support Enforcement Program
Department of Social Services
P.O. Box 3349
San Juan, PR 00902-3349
(787) 767-1500

Puerto Rico has no provisions for child support deductions.

Please note that this article is not updated for changes that can and will happen from time to time.

Improve Profitability When Buying Commercial Truck Tires!

If a company owns one or a fleet of bucket trucks, they are possibly the best operations asset that a company can ever own. Like any other commercial vehicle, buying commercial tires can really cost any company a considerable amount of money. Yet the benefit of getting brand name and quality wheels can far outweigh the cash invested. In other words, getting quality tires could eventually give a company more value for its money in the long run.

There numerous kinds and brands of tires available in stores. There are some things that need to be considered before getting such an item for bucket trucks. Shopping can be done either online or shop in a store's physical location. One needs to know the right size and the right kind of tires for the vehicle. A buyer should also know which ones need to be replaced, the drive or the steer wheels. Resolving these issues before shopping will save both time and effort. Following is some important information about buying commercial truck tires.


* Get the exact details needed. Generally, on the outside of the wall can be found all the information needed for the wheel that is to be replaced, including information about the width, aspect ratio, and the type needed. There are two basic types of truck tires, cross-ply (bias-ply) and radial. The radial design is for automotive use and the fibers inside the wheel are threaded 90 degrees sideways. They are designed this way to reduce the rolling friction. These offer so many advantages they have basically become the standard design of tires today.


* Know the thread designs. Thread designs differ depending on the purpose and usage of the truck. The Rubber Manufacturer Association (RMA) has set guidelines for threads designed for both mud and snow and usually have M+S, M/S M&S or just the plain MS marked on the wall. Otherwise, there are designs that help avoid hydroplaning and threads designed to minimize wind resistance along with other thread designs that meet the customer's trucking needs.


* Be determined to get quality tires. These are expensive yet can ultimately save time because they will last longer as they are designed for more mileage compared to their cheaper counterparts. Better quality wheels save money in the long run since they give the truck a smoother ride over the roads with less acceleration, thus having the potential to save the company a considerable amount of money due to a lower fuel cost.


* Decide to replace both pairs of wheels to have a balanced tractor-trailer. If the decision is to only replace one set of tires on only one side of the vehicle, bear in mind that the old ones not being replaced will already have lost rubber leaving them thinner when compared to the new ones. The truck may get slightly off balance since the new tire is thicker than the old one, especially when the vehicle is loaded with heavy payloads.


* Great deals for quality wheels are readily available online. Major companies have websites for viewing their goods online where semi-truck tires can be purchased. By being able to browse and match the model of the truck, this can make the shopping easier and more convenient.


* Shopping at a local store for vehicle parts has the advantage of personally seeing the tires and getting first-hand information from a sales representative who can further explain to you the benefits of what best suits the needs of a particular truck.

Lastly, successfully acquiring more costly commercial vehicle tires may cause a company to spend more money initially; yet the eventual outcome of long-term savings will surely make that initial cash payment well worth the investment. Getting the best quality wheels for your bucket truck means greater savings and may increase your company's long-term profitability!

Tuesday, May 1, 2012

Avoiding Financial Failure: Top 10 Causes People Fail To Build Financial Wealth And Live The G.o.o.d. Life

I am certain you and I can agree that if anyone is to achieve financial independence it is common sense that you must spend less than you make. No matter if you consider yourself rich or in the poor house or somewhere in between, if you continually spend more than you make you are destined for financial failure. Wouldn't you agree?
Although spending less than you make may be as equally important to any one of the listed reasons below, it is not the number one reason people fail financially. Have you ever heard the old saying what you don't know won't hurt you? Well, that couldn't be furthest from the truth. What you don't know CAN hurt you. It WILL hurt you if you continually do the same things but expect different results. Albert Einstein labeled that insanity.
Below are top 10 causes most people fail in their finances and building wealth. Hopefully it will give you insight to not conform to status-quo and bring forth desire to do things differently to change failing results or even increase good results you may be having.

Cause # 10: Procrastination
A lot of people postpone an investing and savings plan until it is too late. Young people have a fantastic opportunity and advantage because they have time on their side. The reasons people give for not starting an investment and savings plan are wide-ranging and many are genuine. They also vary according to age. In their twenties they are just getting rolling in life with a first job and would like to enjoy themselves by spending on cars, electronic gadgets, social life, etc. In their thirties they have a young family and a mortgage to hold up and no money. At this point most are living paycheck to paycheck. Many have credit issues from misuse of credit and lack of knowledge of the correct way to use credit. In their forties they say things are rough with kids to put through university and unforeseen medical expenses, and in their late fifties it is already too late without any time left to accumulate capital through the magic of compound interest on investments. The truth of the matter is, a convenient time never comes and it's already later than you imagine. Be it in your twenties or sixties, the time is now.

Cause # 9: Lack of Discipline
Most people find it hard to save because they save - buy - save - buy, while yet others simply buy - buy - buy. It is easier to say "yes" than "no." Those who lack discipline to say "no" will discover financial success an inconceivable achievement. The "must have it now" mindset being perpetuated by media compels one to buy now what he can't afford by charging it in the hope that he can pay for it later on. Most people are easily led by advertising and the ease of swiping a credit card. That conditioned mindset will damage you until you learn and understand the power of leverage and how to use credit as a leveraging tool to cancel interest costs instead of increasing interest costs. Lack of Discipline also arises from trying to keep up with The Jones syndrome. When in actuality, the Jones are broke too trying to keep one leg over you.

Cause # 8: Inadequate Protection Against Unexpected Events
It may be the loss of a house due to natural catastrophe or the death or disability of the bread winner. Adequate protection (insurance) against these events is critical to financial success. Not being properly covered has financially swept away many potentially successful people.

Cause # 7: Lack of Desire as a consequence of a Poor Attitude to developing Wealth
Bad mental attitude has caused more personal troubles than anything else. What we think and expect to come about usually does. Successful people are optimists while unsuccessful people have a pessimistic mental attitude. If you continually think about getting out of debt you may probably stay there. Focus on building wealth. The vibration of the word wealth is greater than the word debt. Block out negative thinking and conditioned thoughts and mingle with other successful, positive people.

Cause # 6: Poor Debt Management Through Excessive Borrowing
Lack of patience can result in borrowing for things that lose value, so that with interest payments you pay back, you pay a great deal more for the item than it cost at first. (Especially houses, new automobiles, furniture etc.)

Cause # 5: The Need to Adjust But Fail to Act
Daring to do things different or switch up the routine is why a lot of people fail to achieve the success they seek. Don't be afraid to engage measured risks. Think about it, the multitude who make megabucks are the ones who do the opposite of what everybody else does. Sell when everyone else buys and vice versa.

Cause # 4: Lack of Foresight
Winners have an ability to look beyond the immediate and into the future. Although some may see your visions as dreams do not forget that you have to have a vision to make a dream come true. Unless you are fortunate enough to be willed a legacy, the only income you will ever make work for you is that what you lay aside from current income and investments. People with foresight can multiply their money by investing, saving and leveraging their income by canceling interest cost on debt. Work for your money then have your money work for you.

Cause # 3: Inefficient usage of Time and inadequate Work Habits
Time truly is like money. You have a choice to either spend it or invest it in manufacturing a more proficient YOU by self-development. Once you waste time or money, it's gone. Consider not to waste yourself. Yesterday is gone, tomorrow is not here or certain. What matters is now. Plan your day; what do you genuinely desire to achieve today? Do that and it will pave the way for tomorrow.

Cause # 2: Failure to construct Plans
Did you know that just 5% of the population sets goals and only 2% have any form of goals that are written down? Their activities have a purposefulness; they are results oriented; they are motivated; they are positive; they are confidentthey are life's achievers. Where would you like to be in five years? Without a plan it is easy to float without aim, and bounce around from day to day. If you have set goals you will acknowledge what you want to attain. People fail to attain because they never plan to succeed. It is not that they plan to fail, they fail to plan. So set your financial goals, objectives and targets.

Cause # 1: Lack of Knowledge
May I say more specifically, a lack of a desire to gain knowledge. Make the attempt to read about financial affairs and wealth building strategies and you will learn. Many financial perspectives will help you decide the best course of action for your financial matters. When you get to the point of where you think you know it all or you are not open minded to expand your financial horizons to increase your current condition, you are destined for failure and financial stagnation. Many people don't know where to go for unbiased life and financial advice so they do nothing. To do nothing is the worst move to make. You should always seek advancement through knowledge.

The effect of these causes is financial failure. You could never grow by doing the same things or worst, do nothing. So I submit to you, to yield great rewards, never be afraid to step outside your conditioned way of doing things your comfort zone. With an open mind, always seek knowledge of a better way.