Smart Way To Use Credit Cards
The use of credit for investing has been one of the big contributors to the prosperity of the United States during the turn of the 20th century. We see it all over middle Georgia. It was also the main cause of the great depression of 1929 and a major contributor to our depression in 2008 (Note: The US has shown an economic downturn roughly every 40 years, anyway.). The use of leveraging someone else’s money or extending credit to invest has created most of the wealth you see today. Investing without credit means that you must use all of your own money to complete a...
view the listingTax Tips For Home Buyers
Taxes play a big role in buying a house, but you may be playing the right game with wrong house. Let me explain. You’re a renter. You rent every month for a “unit” you don’t own. At the end of the year, you cannot claim your rent on your taxes as an expense unless there is a business involved and we won’t get into that right now. That is a monthly bill you cannot do anything with but...
view the listingInvesting For Dividends
This article was sent to me and I thought it would be a good piece of information for my readers....
view the listingRule of 72
Rule of 72 is an easy way to figure your return on investments. To use this simple equation, divide 72 by the interest rate. This will give you a very close forecast of how long (in years) it will take for your investment to double. 72 divided by 4% takes 18 years to double, 72 divided by 12% takes 6 years,...
view the listingMortgage 101
Mortgage 101 is for those of you who are new to the world of money. This should explain some details about a mortgage. When you are in the market for homes for sale, the first thing most people do is get pre-qualified from a bank. IMPORTANT: If you don’t like the terms from one bank, you can shop around. Most banks have different terms and rates in order to compete with others. Going to a mortgage broker can be helpful, just ask if they are a captive agent. Captive agents have contracts with certain mortgage companies and are not out for your interests. You want a non-biased, non-captive agent who can give you many...
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