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Archive for September, 2008
September 15th, 2008
(Money Manager) - There are many financial and personal reasons why you should own your own home rather than rent. The obvious reasons include pride of ownership, building your own equity instead of someone else’s, no more landlords, and of course the tax benefits you reap. There are a multitude of other reasons why owning your own home can make your life better.
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Tags: accomplishment, anchor, aspect of freedom, home ownership, landlord, landlords, landscaping your home, many other aspects, multitude, new homeowners, obstacles, owning a home, personal life, personal reasons, piece of mind, pride, shopping centers, strong commitment, surroundings, tastes
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| Posted in Money Manager 101, Real Estate |
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September 15th, 2008
(Money Manager) - Most people only sell a small number of homes in their lifetime. With such limited experience, how do you expect to be capable of maximizing your profits from your home sale? Many sellers make the mistake of assuming that all real estate agents are the same and list with the first agent who comes along. Not taking the time to research the agent who will list your house could cost you thousands of dollars.
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Tags: asking price, co workers, friends relatives, goal 3, interview two, lifetime, long time, maximizing your profits, mistake, personal marketing, professional marketing, prospective agents, real estate agents, referrals, signs, six months, taking the time, thousands of dollars, top dollar
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| Posted in Real Estate, Strategies |
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September 15th, 2008
(Money Manager) - You’ve signed the contract and are looking forward to moving into your new home, but there are a few steps that cannot be overlooked. By following these easy steps, you will ensure yourself a smooth move into your new home.
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Tags: appraisal fee, bank statements, discrepancies, home inspection, insurance company, insurance life, mortgage consultant, mortgage documents, mortgage lenders, necessary paperwork, own insurance, pay stubs, proof of income, real estate agent, reputable company, settlement company, smooth move, tax forms, title company, title insurance
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| Posted in Real Estate |
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September 15th, 2008
(Money Manager) - Abusive tax schemes have evolved from simple structuring of abusive domestic and foreign trust arrangements into sophisticated strategies that take advantage of the financial secrecy laws of some foreign jurisdictions and the availability of credit/debit cards issued from offshore financial institutions.
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Tags: credit debit cards, financial accounts, financial secrecy, important words, internal revenue code, internal revenue service, international business companies, irs criminal investigation, irs gov, layer transactions, limited liability companies, limited liability partnerships, offshore credit, offshore financial institutions, secrecy laws, sophisticated strategies, tax evasion, tax scheme, tax schemes, trust arrangements
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| Posted in Taxes |
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September 15th, 2008
(Money Manager) - Wealth management – what exactly does that phrase mean? How does it differ from financial planning and investing? While it may sound like just another buzzword, wealth management actually is an approach used by financial advisors to manage the wealth of their top tier clients who have more money than the average investor. There is no hard and fast rule as to the amount of financial assets a person must have to be included in the wealth management category, but when a person accumulates over $1 million in assets, he and his financial advisor should consider shifting their focus from typical financial planning to the idea of wealth management.
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Tags: asset management, buzzword, checking services, financial advisors, financial assets, financial goals, financial planning, glass steagall act, insurance companies, insurance company, insurance services, investment firm, investment firms, investment management, legal resources, management category, private banking, stocks and bonds, wealth management
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| Posted in Money Manager 101, Personal Finance, Strategies |
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September 15th, 2008
(Money Manager) - The word "bankruptcy" has a bad connotation, and for good reason. However, is it a bad thing for everyone? The answer varies depending on your situation but it is worth taking the time to read this and other articles, and possibly to discuss with an attorney.
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Tags: assets, bad shape, bankruptcy chapter 7, chapter 7 bankruptcy, connotation, creditor, debts, exempt property, good reason, hobbies, honest debtor, large portion, living expenses, luxuries, luxury cars, necessities, six years, taking the time, types of bankruptcy, vacations
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| Posted in Money Manager 101, Personal Finance |
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September 15th, 2008
(Money Manager) - Self-employed borrowers present one of the most challenging areas of mortgage underwriting. Qualifying self-employed people often requires time, energy, and patience. A fair and honest qualification requires a special set of skills.
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Tags: average income, business field, economic outlook, fannie mae, federal housing administration, federal income tax, federal income tax returns, federal national mortgage, federal national mortgage association, gross receipts, gross salary, income tax returns, lending institutions, mortgage companies, mortgage payment, mortgage underwriting, national mortgage association, s gross, time energy, veterans administration
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| Posted in Real Estate, Strategies |
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September 15th, 2008
(Money Manager) - The ability to reap additional profits on the sale of your home can be accomplished easily enough if you make the right improvements. Making these changes early on can provide the prospective buyer with an enhanced feeling about your home, more space, more light, more rooms, closet space, privacy, warmth and security. Basic, simple and inexpensive improvements can provide an improved emotional appeal for a potential buyer.
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Tags: best possible price, closet organizer, closet space, closets, clothes, crack, emotional appeal, hallway, improvements, paint, plaster, profits, prospective buyer, sense of space, several different ways, steam, tile floors, wallpaper, warmth, wax floors
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| Posted in Real Estate, Strategies |
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September 15th, 2008
(Money Manager) - Selling your home is one of the most important things you will ever do in your life. This simple system will provide the tools you need to maximize your profits, maintain control, and reduce the stress that comes with the home-selling process.
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Tags: asking price, dozens, good real estate, home doesn, homebuyer, homework, housing needs, important things, length of time, offering price, profits, prospective buyers, real estate agent, s market, selling strategies, selling your home, six months, stress, three quarters, time and money
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| Posted in Real Estate, Strategies |
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September 15th, 2008
(Money Manager) - "you shouldn't refinance unless you can cut at least two full percentage points off your current mortgage rate."
I'm certain that you have heard the often repeated and erroneous advice from too many self-proclaimed experts over the years. It is blatantly untrue in today's mortgage markets.
There are three main factors which should be considered when making the decision to refinance a home or to continue with the current mortgage. They are really basic questions that will be the only real reasons to refinance...
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Tags: basic questions, credit cards, current mortgage rate, important point, inconvenience, interest rate, money, mortgage markets, percentage points, refinancing, upfront
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| Posted in Real Estate, Strategies |
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