Staying Out of Debt

By Rick Amorey

Last time I was here, I wrote about a little slice of my financial life. I discussed how I began a life independent of parents but controlled by debt, and how I struggled to surpass it while living by my own. I then described myself today; finally free of debt, and finally standing up on my own two feet completely. And what do I do next? I thought about getting a housing loan.

So this is the American condition that defines many of us. We may be the land of the free, but many of us are in constant debt. You start out with a student loan, and then graduate to paying mortgages for your family. Toss in that loan for the car, and the education plan that we have for our kids, and you'll realize that we are only as free as our debts allow us to be.

This is one of the main things that we must change if we are to get out of this recession. Debts, by themselves, are not too harmful to the individual and the nation. But if that same individual gets himself or herself in excessive debt, it could all blow up with a simple drawback such as temporarily losing a job.

Very few things are more difficult than seeing things that you own repossessed because you couldn't pay your debt. Avoid this scenario as much as you can! If you must take that loan, make sure that you have sufficient savings and excess income. This way, even if you do hit some bumps on the road, you'll have enough extra to mitigate the loss.

We must learn to practice frugality, in the end. It's not really that hard to do, all you have to do is start learning the balance between frugalities and keeping yourself happy. Don't save up to the point that you buy nothing for yourself. Instead, reward yourself from time to time after doing things that you consider a good job. - 23221

About the Author:

Rick Amorey believes that shortcuts to success are a joke, and instead suggests the comprehensive program of Emini Trading. Be an educated trader with the help of Emini Trading System, and secure your future at a consistent pace.

Home Foreclosure: Pros and Cons of Buying a Pre-Foreclosure?

By Doc Schmyz

When looking for a place to call home, it is always best to buy the property you like than to look for a great foreclosure deal. However, it is always better if you can find a good combination of both.

There are many ways to buy a foreclosed property, all of which have their own good and bad points. Some give you the highest financial gain but with the highest investment risks while others could place you on a safe playing ground but with the lowest financial gain.

First let's talk about buying a pre-foreclosed property. This method gives you the least amount of money output with the highest available information on the property. Pre-foreclosure happens during the first few months of foreclosure ( 2 to 3 months after the first default). Usually, the bank or the lender will allow the homeowner to sell the property to help him come up with money to pay off the mortgage default. The "sale by owner" is a medium for the homeowners to prevent their properties from being foreclosed. In most cases, this is done by owners who see sale as their last option and by those who have some equity on the property.

This method gives you the least risk. You are free to inspect the house and to make your search for the title deeds. You could also uncover all liens if you like and know the underlying problems. Usually, a real estate broker or the owner of the property will show you the house. If you are interested and you have the money to buy the property, the owner will sign you a deed and will handover the property. You would then own the property, and it is yours to do with as you please.

In exchange though, you will get hold of the mortgage that will come with the house. In short, you will have to make the mortgage payments current along with all the fees and charges that come with the property. You will also be left with upgrading and repairing the house.

However some states give the original homeowners a redemption period though. This allows the previous homeowners to get back the property during a certain period of time, usually several months up to a few years, to buy back the property. Thus, all the investments of the current homebuyer will be invalidated.

Buying a pre-foreclosed property is actually safe if you are talking about checking the entire condition of the house but if you don't want the financial responsibilities that go along with it, this method of buying is not really an option for you. - 23221

About the Author:

Doc Schmyz has done real estate deals all over the US. He built a free website shares Real estate investing information for all over the US. Find Real estate investing information by state

REO Goldminer -- Is It for You?

By Steve Harwood

I have stumbled across a new product, REO Goldminer, that is a game changer for all the entrepreneurial real estate investors out there. If you have spent any time trying to find REOs you realize how challenging it can be to find quality deals or quality information. The brick wall that most investors are faced with when searching for REOs often causes them to resort to alternative marketing efforts. Have you ever had to post Bandit Signs, send out thousands of postcards or direct mail pieces or run classified ads in your local, barely read newspaper? And even worse, numerous real estate investors try calling those that are on the edge of losing their home, looking to come up with a win-win solution for everybody. It isn't usually received that way though unfortunately.

Assuming you could create a perfect real estate investing solution, you would most likely imagine a solution that brings the best deals to your computer with virtually no effort, and little cost. Even better, we wouldn't have any of that wasteful marketing effort that have been your only solution until now. An investing utopia similar to this would allow you to recover your time, save your money, and prevent stress. It appears that this system has been built and made available in REO Goldminer.

The beta version of REO Goldminer has been available until now and really hasn't been officially launched and brought to the world. Apparently that is about to change mid-May. Then, the doors will be closed after a certain number of clients is reached and you will have to wait for existing clients to leave in order to get in, which probably isn't a likely scenario. A one out, one in sort of situation. The big question is what do the creators claim this REO Goldminer system will do.

Here are a few of the big hitters that REO Goldminer claims it will supply. It allows you to search for REOs in each and every state. It can also drill down to the city level. The software lets users choose what discounts they are interested in. Searching price by minimum and maximum. The output of the REO Goldminer will give investors, agent contact info, address, city, zip code, list price, etc. REO Goldminer can give an overall value estimation to investors also. The software positions investors to make 2-25 offers/day, when you are ready. The creators have been building systems related to this service for awhile and this appears to be their crowning achievement.

Right now we are working on getting a word with the people behind REO Goldminer that we will be able to bring to you via our review blog located at REOGoldminerReview.com. Come visit us and see what additional review information we can share.

Really though, if this program provides what it says it does, then strong consideration must be given to this solution versus your existing business model. One deal means thousands and luckily most investors don't even know about this yet! - 23221

About the Author:

Steve Harwood has been a real estate investor for over 18 years. Visit his website REO Goldminer Review and get more product information on REO Goldminer that will help you free up your time, save money, and reduce stress...starting right now.

Emulating the Stock Market with Credit Cards

By Rick Amorey

There are several avenues of investigation that you may find profitable before you become involved in online stock market investing. You can find a lot of information available to the would-be investor; you could purchase a book, subscribe to a newsletter, or enroll in seminars where you could get good advice. But before you spend one more cent on any of these, try to do research on your own. Both the library and the Internet have material that you will find useful.

Keep in mind this one thing: set down boundaries before you even begin to invest. Unlike what is implied in a lot of online stock market investing advertisements, investing is not a wonderful and perpetual source of money. But this much I can tell you; in general, stocks perform a lot better than other investments after a period of time. But, at the end, though, all investments have their own risks, and will have no guarantee of making a profit.

So before you seek stock market advice, make sure that you take the time to investigate your own financial situation. Track how your money is currently being spent, apply measures to eliminate credit card debt, and get yourself into a positive money output. If you cannot do this, then I advice you to refrain from investing in the market for the time being.

A credit card is a good way to measure one's discipline. If you have a credit card and are in debt, chances are you won't be able to handle the pressures of owning shares. Not that I'm discouraging you, mind: If you can discipline yourself to get rid of this financial weak spot, then you may be able to take on the stress of stock market life.

Think of it this way; owning stock is basically having a small part in the ownership of that company. Would you trust your boss if he had a substantial credit card debt? I didn't think so. Similarly, you should buy and manage stocks only if you are comfortable at the company's direction. Besides, not having a credit card debt means there's one less thing to worry about. - 23221

About the Author:

The trading business carries no guarantee that you'll profit, and don't let anyone tell you otherwise. Rick Amorey instead suggests the comprehensive program of Emini Trading. Build up your portfolio with the help of Emini Trading System, and secure your future at a consistent pace.

Never Get Your Feet Wet In Forex Trading Without Forex Education

By Bart Icles

If you are a newbie to the forex trading world and would like to be armed with the knowledge and skills that you need to be developed so that you can successfully trade in the forex market, or if you are already a forex trader who have attempted several times in being successful in forex trading but cannot seem to be able to achieve the results that you desire and is having a hard time understanding the different forex signals that are available to you that's why you are losing more than you are making in the forex market, then you should really have the strong foundation of a forex education.

A forex education will be able to give you all the necessary knowledge base that you need to have about the forex market and the different runarounds in trading in it. You should always be wary in forex trading especially if you are prone to succumbing into get-rich-quick schemes since these are, most of the time, scams of some sort. Don't get it wrong, though. The forex market is regulated by the government, The United States Commodity Futures Trading Commission (CFTC) in particular, but more often than not, scams cannot be prevented from sprouting up. To ensure that you are more or less protected from these fraudulent activities, arm yourself with a good forex education. Not only will a good forex education protect you from scams, it will also make you trading-savvy and can make you trade like a pro in no time at all.

A good forex education will empower you with the essentials in the forex market since you will be able to grasp all the twists and turns of trading in it. It will also turn you into a forex trader who almost always makes the right decisions when trading since it will make you have the right amount of guts solely acquired through instinct and the foundation of what you know about the field. It will also protect you from the negative aspects of forex trading like scams that can make you lose your hard-earned money in a single poof since the right knowledge will make you more cautious of these things.

A good forex education will also make you more knowledgeable in all the runarounds of the operations of different currencies. It will also allow you to track all of your forex activities in the right manner. It will also equip you with the forex trading power that is necessary to be successful.

Never get your feet wet in forex trading if you haven't had the opportunity of having a good forex education. Doing so would be like committing financial suicide. - 23221

About the Author:

Your forex training starts with a desire to learn and a drive to become a great trader. Using forex trading training takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.