Sat, 25 August 2012
The fact is, Americans devote the largest portion of their incomes to housing. Consequently, how you handle the financing of your home will have far-reaching implications on virtually every area of your financial life, including your ability to save, pay for college, and plan for your retirement. The mortgage planning process isn’t about wasting your valuable time trying to save $20 per moth. Mortgage Planning is about integrating your mortgage into your overall long and short term financial goals. Your mortgage is one of the most powerful financial tools that you have at your disposal. The way you manage your equity, the way you manage your mortgage is crucial. Unfortunately, the vast majority of those financing their home miss the big picture. Most people focus on a small part of the mortgage equation, the interest rate. The interest rate is only one part of the mortgage equation. The fact is that the interest rate you are paying isn’t the real problem, the real problem is the VOLUME of interest that you are paying. Has it hit you yet? Do you see why focusing on saving $15.00 a month is missing the big picture? Remember, a great rate on the wrong mortgage strategy can literally be a $400,000 mistake! If you really grasp this, It will change your line of thinking next time you take out a mortgage. Too many people focus solely on managing their assets. Few, understand the power of managing their largest debt, their mortgage. Managing your assets without managing your liabilities is like heating and cooling your home with the windows wide open! Tune in to hear David talk about the all important topic of mortgage planning. |
Sat, 25 August 2012
If what you thought to be true turned out not to be, when would you want to know about it? Many of you are familiar with the popular radio talk show host Dave Ramsey. Dave is well known for helping people get out of debt. Dave Ramsey heavily markets his “Financial Peace University” course and products through evangelical churches. Dave Ramsey should be given credit for his work in educating people about the devastating effects of debt. That horrible thing that requires you to pay back others with interest. However, when his focus shifts from becoming debt free to capital accumulation, he is often just plain wrong. I (David) encourage you to not take my word for it. Do your own research. Much of what Dave Ramsey advocates when it comes to wealth accumulation can be proven wrong with math. Just one example from his book is below. A Quote From Dave Ramsey’s book. “A Government Gift?”
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Wed, 1 August 2012
This week is a continuation of a detailed analysis of the history of The Federal Reserve. David continues to play excerpts from a speech by G. Edward Griffin, author of The Creature From Jekyll Island. Find out how unlimited taxation was imposed on the American people through the hidden tax we call inflation. Learn how they decided to name the Central Bank: The Federal Reserve System. What were the tactics and strategies used to by politicians and just how did they sell this to the American People? At that time in history, there was enormous public opposition to a central banking system in America. In light of all this, how did they get the bill passed and ultimately signed into law? Is The Federal Reserve a federal agency? Not really. Are they are private bank? Not Really. Tune in to learn the truth. An even more important question is, what do they do? Large banks wanted the passage of The Federal Reserve Act as they saw smaller banks as a threat to their profits. As always, you can interact with David by sending a text to "DLShow" to 90210
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