Did mortgage brokers start the whole downturn in the economy? I don’t think they are the only ones to blame, but as a former real estate appraiser I do think they had a major hand in getting things started in that direction. But so did the real estate appraisers who should have been regulating the mortgage brokers. The following is my short lived time in the real estate business in Southern California.
Lifetime free credit card is becoming the norm now-a-days. Some banks charge one time payment for giving this facility. You should avoid paying this along with annual fees by negotiating with the banks. If not successful, you can switch over to lifetime free card offers.
When do you tend to spend the most? Is it when you are depressed or when you are hungry or when you want to lift your mood? You could be spending to alleviate your depression or satiate your hunger, without knowing it. Check every receipt, record every purchase and detect what made you buy what you did.
Put aside some money at the very beginning of the month, when you receive your pay packet, as savings. Then, keep aside money for your fixed outgoings like groceries, electricity, milk, rent, instant loan, utilities, etc. Then, establish how much you have to spend each week on everything apart from these fixed expenses. Withdraw the money you will need every Monday and make it last all through the week. This will keep you aware of where your money is being spent and you will be more thoughtful and careful about spending it. Fix a spending limit for every week and stick to it.
Let me tell you how Lois got her real estate investing empire started in Austin, TX. She looked around until she found a small, but well-maintained 4-unit apartment complex in a nice Austin neighborhood. The price was right, so, not having the credit herself to swing the deal, she got her dad to cosign with her. Once the place was hers, she moved into one unit (no more rent to pay), the rent from another unit covered the monthly mortgage, and the rent from the other two units was hers to keep.
It is important to take an honest look at your finances before talking to a lender for any reason; however there are special circumstances that you need to remember when it comes to finding a car. There is more to the purchase of an automobile than the sticker price. Once you buy that car, you need to buy fuel, pay insurance, and pay for routine maintenance such as oil changes. Therefore, the money that you will need to finance the purchase of this new car or truck is more than the amount of the loan.
Once you learn this simple lesson your life will begin to feel better. You will better about yourself. And the people around you will like you because you like yourself. Life is what you make of it whether you drink champagne or beer; it’s all just a perception.