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When you go to sell your home, if you’re like most people, you’ll hire a real estate agent to help you. They’ll come over to your home and do what they call a listing presentation. The listing presentation is where they tell you all the things they’ll do to market your home, what they think your home is worth and how much you’ll pay them (customarily 6% of the sales price) when the home sells. And if they’re like most agents, sometime during their listing presentation they’ll point out that the objective is to sell your home for the highest price. But that’s not true. It’s a lie. Actually it’s a sequence of lies.
The sequence goes something like this: what you want, Ms. home seller, is to sell your home for the highest price. The only way you can guarantee that is to hire a top notch real estate agent (i.e., me). And the only way to do that is to pay the full, customary commission.
Anyone that works in finance will tell you the immense power of leverage. Leverage is basically taking more money than you have to boost your profits in an investment. You can have someone either lend you money or invest in your venture and have more cash working for you than you can afford by yourself.
Using leverage like this works well for relatively stable investments like real estate. Buying a house and flipping it for a profit is more clear cut for most people than investing in stocks, bonds or commodities.
And the lender of choice for most people is a bank. The mortgage industry, however, isn’t what it used to be and after the last financial crisis banks have gotten pretty risk averse when it comes to making loans out to individuals.
Your chances of getting a bank loan may be reduced by certain aspects of your career and credit history and that’s where you may have to turn to private lenders.
Losing your job can be an emotional time.
Whether you get laid off or decide to leave, you may not be thinking straight.
It’s good to have a plan in place, or at least know where to find a plan (hint: this article) in the event that you do leave your job.
If you follow these 10 steps, the process will go much more smoothly…
Vacation is a great opportunity to visit new places and spend quality time with your friends and family. There are many reasons that justify going on a vacation. Vacation refreshes your mind and soul. Vacation improves mental health, relieves stress, increases productivity, strengthens family ties and allows you to do things that you enjoy the most.
Planning vacation does not only count booking luxury hotel or selecting a destination, but also analyzing bank balance to help you decide whether or not you should travel. But what if your bank account isn’t ready. You need to take effective measures to cut down your daily expenses and save money for the vacation. Read the following creative ways.
Sleep is underrated. It may not feel like that when you’re trying to climb out of bed in the morning – that’s when you really understand the value of sleep. Yet so many people wake up tired every morning and never change their routine.
That’s not you though. You’re smarter than that.
You read trendy articles about sleeping yourself to success.
We’re talking about actual sleep here. Not the other kind of “sleeping” your way to success. Get your mind out of the gutter! I’m going to explain the importance of sleep, and mostly, how to do it well.
If you run a business, you wear many hats. You might be in charge of everything from invoicing to marketing and financial planning. One of your tasks is writing. You need to create material for your website, blogs or articles to showcase your knowledge within your industry, and letters to potential clients. If improving your writing skills is the last thing on your mind, these online tools can offer some helpful support.
It’s that time of year when love is in the air. As Valentine’s Day quickly approaches, our thoughts turn to matters of the heart and questions about how to celebrate the day without breaking the bank. Lucky for you, we have some excellent ideas to make this Valentine’s Day a frugal and festive event. Cue the violins…
The foreign currency markets are incredibly volatile, and this means that there is a lot of opportunity for savvy traders to make a profit. However, there are also plenty of opportunities to make a significant loss too. If you want to learn forex trading, then you must understand that even the best traders can and do lose money, so you must only trade with money that you can afford to lose, and you should keep some money in reserve to allow you to trade for a few days even if you are on a losing streak.
At the moment, CFD trading is gaining popularity in some countries as it is less risky endeavor. But if you keep in mind that there are two approaches to forex trading and stay disciplined, you can make a profit. These two approaches are technical analysis and fundamental analysis. The best way to learn forex trading is to look at both of these separately, and then integrate them into a sound, logical and reasonable approach to trading.
They say that moving homes can be one of the most stressful experiences you will ever go through in your life – but moving can not only cause stress for the body and mind, it can also place huge strains on your bank balance (and this is after you’ve purchased your new home).
In this article, I will cover nine steps to ensure that the financial burdens of moving are lessened and your bank account can breathe a sigh of relief.
Have you ever heard the saying “you either win or you learn?”
Or the popular “you have to fail forward”?
I’m sure you understand the idea of using situations, good and bad, as learning experiences, but that’s easier said than done, right?
It’s easy to talk about learning in every situation, but when you’re upset, angry or disappointed, it doesn’t seem so easy.
It starts with your perspective. Here’s how to learn from everything and everyone…
Any type of business, irrespective of their credit scores, can get merchant cash advances through various companies. Small business loans are loans that are provided by banks and other lenders, and guaranteed by the Small Business Administration (SBA). Since there’s a government guarantee in the event of default, banks and other lenders often give out such loans that they wouldn’t have otherwise given.
Foreign exchange trading or Forex can be a tricky business, those who are successful use numerous resources to help them decide what to trade and when. So what lesser-known resources can you call upon in order to improve your chances of making money trading on the biggest and most fluid market in the world?
Americans spend billions and billions of dollars on wasted energy.
For the average American, it’s either ignorance or pure laziness that accounts for much of the waste.
Of course, it does no good to complain, we can only do our part. Here’s how…
No matter whether you are looking for health insurance or income protection, effective insurance planning is a must.
There are, unfortunately, so many individuals that are forking out their hard earned cash on a policy that is simply not right for them and their financial situation.
With that being said, read on to discover five of the top general insurance buying mistakes you need to avoid.
Meditation has been around for centuries, and yet, it can still be a controversial topic.
Most of the people who recommend meditating start by saying something like “I know you think this is some sort of eastern ritual” or “you might think you have to be Buddhist to meditate”.
I admit, it does carry that connotation, or at least it used to. I’ll spare you. I’m going to assume you’re wanting to implement meditation as a self-improvement tactic, or as a way to clear your mind and increase your focus.
That being said, here’s a guide to meditation for the average person who wants more clarity and a clear mind…
Home improvements are a great way to add value to your home.
At least, that’s a common belief. But are they really? And which improvements give you the best bang for your buck?
The answers to these questions are probably not the same for everyone, and may depend on your definition of value. If you’re selling your home, value may be measured in monetary terms, but if you just want to increase your comfort level, this definition may include luxury additions that add little monetary value.
Here are a few quick and easy home improvements that may or may not increase your home’s value in your eyes. We’ll let you decide:
Budgeting is weird, because almost every financial guru recommends doing it, and almost everyone who tries to do it struggles with it.
The truth is, there are a lot of things left unsaid when it comes to budgeting.
There’s a reason it doesn’t work…or doesn’t seem to work.
I’m going to explain how to actually budget effectively and cover some unanswered questions.
Have you ever considered investing internationally?
There may be more benefits than you knew.
London-based property agent, Experience Invest has provided 5 top tips for investing in property overseas.
We could all read more to improve our lives.
It seems like, no matter how many books we want to read, we always feel like we don’t read enough.
Sure, we may get lost in fiction books, and that’s great (I’ve actually been reading a lot more fiction lately), but as far as reading books on the areas of our life that we want to improve, we’re often lacking.
Here’s the thing, reading more may not be the answer. There’s a better way, that actually works…
The relationship between real estate agents and investors is often adversarial in nature. However, if both parties are willing to overcome their misconceptions about the other, investors and agents can provide immense value to each other. Agents help clients successfully navigate the hurdles of the buying and selling process while investors are savvy at assessing profit potential in homes. When combined, the skill set of real estate agents and investors can create a mutually beneficial—and lucrative—partnership.
If you’re an agent or investor, use these tips to facilitate a successful collaboration.
Welcome to 2016!
I purposely waited until today to publish this to show how unimportant any specific date is. I’m not completely against setting a resolution at the beginning of the year, as long as you don’t get expect the changing of years to be some sort of miraculous time of new beginnings.
January 1st really is just another day.
I get it, new year, new you. And that’s great, but too often we set lofty resolutions, and then get completely discouraged when we don’t perfectly act out our new goals. Then, a month after the resolution is set, it’s abandoned. But it shouldn’t be like that.
We all fail. All the time. And that’s great.
Bills, bills, bills. It’s like no matter how many you pay, there’s another one in route to your mailbox. Unfortunately for us, there is no effective solution to getting rid of bills altogether (Though it would be nice). That means you’ll need to come up with a few suitable solutions to minimize the amount of money you have to shell out on the monthly basis. Check out the five most common bills and efficient solutions for lower the cost:
Traveling for business or pleasure can mean a lot of wasted time, especially if you are flying. There is waiting for the plane, being on the plane, waiting for luggage and then spending time at the hotel after the whole ordeal.
That “wasted time” is actually very valuable, and you can make yourself more productive with these tips. That way, when you get back to work, you won’t find yourself way behind.
You want more money. Even Warren Buffet, who has a lot more money than you, wants more money.
When it comes to saving money, or that nasty word budget, it’s a safe bet you have negative associations with the practice. You might think of the cocktails you won’t be having with friends, fishing trips you’ll be missing, and delicious foods you won’t be enjoying. Cheer up, man! I’m here to tell you there’s a way to spend less by spending more…
Here’s an awesome video to show you some easy common home repairs you can do yourself.
I’ve also included the infographic version if you’re not a fan of motion.
The mirth and merriment of Christmas are very much upon us, with the big day now getting very close. It’s a time of laughter, fun and special times with friends and family – just as it should be. Yet with the unrelenting social activities that come with it, costs of buying presents and other wallet drainers, there is no doubt that the holidays can put a strain on anyone’s budget, and maxed-out credit cards are hardly unusual by the time January dawns.
But instead of using the festive season as an excuse to exacerbate your existing high-interest debt, why not see it as the time to take action, and eliminate it instead? The path to becoming debt-free isn’t as arduous as it may seem, and with a combination of self-discipline and some clever strategic thinking, you can start getting yourself very much on track.
Christmas is a day away. That means that one person will be working overtime tonight.
Sure, he may only work one day a year, but he accomplished more in that one day than you or I accomplish in a decade.
This would be the perfect opportunity to go into this individual’s productivity methods, but he is very secretive about the productivity hacks and methods he uses. In a recent interview, he wouldn’t even disclose the current books he has been reading. I suppose he wants to eliminate the possibility of any competition.
Many believe he is a big supporter of David Allen’s Getting Things Done strategy, but that hasn’t been confirmed.
There are also rumors that he loved Jeff Sander’s new book, The 5 AM Miracle, but again, we’re still short on facts.
I hope to eventually get in to interview this man, but until then, all I have is an infographic about how dangerous his job is. So here you have it – the most dangerous job in the world – the job of Santa Claus.
Going green is certainly the buzz in business today, but as a busy owner or employee, it’s easy to push it to the side because you have enough on your plate. As if you needed one more thing to manage, right?
The good news is, going green in your office doesn’t have to be an “all or nothing” endeavor. This is something you can implement over time.
A sitcom television show once marveled that it was amazing that the universe contained hundreds of thousands of different types of jobs, and yet there was someone out there willing to fill every different one.
This sounds pretty level-headed coming out of the mouth of a comedian. But in the real world, the odds are against you. It has been long reported that our feelings about our jobs are extremely negative, overall. In a 2013 survey conducted by Gallup, 70 percent of 250,000 people interviewed – including part time and full time workers – said they hated their jobs. Only 30 percent said they actually enjoyed their jobs and their bosses, according to the Daily News.
Winter is coming (if it hasn’t already arrived), and with it come lower temperatures outside and higher bills at home.
Fortunately, there are a few things you can do that will help you save big on your heating bills, many of them for free.
These tips will help you on your heating costs – without a huge investment of time or money.