Financial Management and Planning

Archive for the ‘The Financial Times’ Category

Unless you come form a wealthy family that can sustain you around the clock while you are studying at school, you may probably end up needing a job while at school. There are a multitude of jobs out there and even with the bad economy there are plenty of low wage jobs that many people do not want. IF you are busy with classes and study and don’t have much time to work, you probably don’t want to trade some of your hours for a low wage.

So, what is a starving college student to do? Think outside the box!

You can get a job as a server and then you may make way more than the minimum wage, or you can become a “peak time” teller in a bank. Banks are especially busy on Mondays and on Fridays, and they need more people to work the teller line on these days. However, there may not be a ton of people willing to take a job that is ONLY two days a week, so the banks pay a premium wage to attract employees for these two busy days.

Another way to earn money could be to start your own business, but this is a huge undertaking and there are no guarantees that you will make any money, at least you may not make any immediately, but over time as your business grows, you could end up making a nice living. There are also sales jobs where you might get a straight commission and these are ideal IF you have some sales ability and are not afraid to talk to people. What might be ideal is to find a product that you can sell to your fellow students, that way you don’t even have to leave the campus and can work whenever you have some free time. Whether it is between classes, or on a day when you have none, you can sell whatever it is to whoever you meet there at the library, the dorm, or the cafeteria.

College students are more enterprising today than ever before and every now and then you hear about a great story; someone who did this or that to earn some extra money, and sometimes it adds up to be a lot of extra money. Of course, you don’t want to do anything illegal, immoral, or that could get you into any sort of trouble. Imagine going to law school but then doing a money earning thing like “booking” bets, and then getting arrested for illegal gambling? That would probably disqualify you from ever being an attorney, and wouldn’t be a wise choice.

So, with a little creativity, there IS something good out there, and it would be much better than working somewhere that you have to ask people if they want fries or not.

Now it is NO secret that in this day and age, there are too many people, especially girls, getting robbed, attacked, et cetera! Many of these assaults on women can be thwarted IF the girls had a means of self defense, such as a pepper spray! Most women don’t carry one, even though Pepper Sprays are completely legal in almost all of the 50 United States! This is also a fabulous item for some college students to “cash in” with, by SELLING them to fellow students!

Without having to set up a business/bank account/tax I.D. number/resale license or even get an occupational license/wholesale account with a manufacturer, or any other type of hassle…YOU can purchase 25 key chain or 25 lip stick Pepper Sprays from MY fabulous Online SuperStore for slightly more than wholesale, and then peddle them to your fellow students for FUN and BIG EARNINGS! 

The very best part is that it’s CASH income, so it won’t interfere with your financial aid/scholarships/et cetera! And when other students hear that you’re peddling pepper sprays, they will come out of the woodwork to find YOU and buy one! MAYBE you can get Mom or Dad to use their credit card to order the first batch, as a gift for you to get started, then after you sell them all, YOU can use some of that money to order another batch! You can sell these on an ongoing basis, and it doesn’t have to be ONLY to college students!

So, Hurry and visit my website at: http://www.fathertimepublishing.com/product_info.php?cPath=2358876&products_id=31097628 

YOU will LOVE this EASY and FUN business, and you will make CASH DAILY!

The stock market is in turmoil and investment banks have one foot in the grave and the other on a banana peel. Even gold and silver are tanking. It’s a downturn in the economy with huge implications. But you’ve got some nice, liquid assets and you know you can make a profit in this economy and you know real estate is going to be your best bet; you can almost smell it. Yes, real estate has taken a huge hit over the past few months, especially since September. Yes, the over-inflated ridiculously high prices are now a thing of the past. That means that prices are at lows not seen in decades. It’s your own little financial time machine where you travel back to 1994 with dollars made in 2008. Need more proof that real estate is going to be an investment safe haven? Let’s look at a hypothetical, but plausible, scenario. A person who could not afford a house bought one with no down payment and suddenly could not make the payments anymore. Other than their mortgage (which was really just rent anyway) got too high, they moved out – no skin off their nose to walk away from a property they could not afford in the first place. But now they need a place to sleep, cook, and park their car. They are going to be looking for a place to rent. Rent is basically what they were paying in their old house anyway, so the payments you are going to be asking right now are going to seem reasonable. Here’s another reason; renters outnumber rentable places in every metropolitan area in the country; even rural areas are able to pick and choose who they can rent to. It is a landlord’s dream now. It’s also an investor’s dream. The old wisdom of how to make money in the stock market was to buy low and sit on your investment for a good, long while. Eventually the price went up and when you cashed in your small down payment had ballooned into a huge net windfall. The same is going to be true about the real estate market. Right now, those places that went for unbelievably high prices are coming back down to earth with a bump. All you need to do is find a promising area that will be the most likely to come back (because we know real estate will definitely come back) and ride out the storm, holding on to your little investment. You may need to spruce the place up a bit before the renters move in, so you will want to offer a discount on the asking price; we’d recommend a 10%, 15% or even 20% discount on the price. This is to hedge against a further devaluation of property in the near future while saving you money for the long run. Once you got your place, you will be sitting pretty for the inevitable bounce back in the economy.

With the housing market collapsing and the economic situation for many individuals spiraling out of control, foreclosures on houses and other residential real estate has escalated exponentially; the foreclosure process is complicated and the mortgages associated with such processes are even more complicated therefore the employment of foreclosure attorneys who specialize in this particular field are usually necessary. These attorneys assist their clients by translating the sophisticated language used in mortgage agreements, by delineating the pre-foreclosure process, by giving the home owner options to avoid foreclosure thereby eliminating the costly affects to the home owner’s credit history, and by limiting the legal liability associated with a home foreclosure. While these types of lawyers can be expensive, their extensive knowledge and experience can be priceless when you consider the fact that they can sometimes save your home and can almost always limit the negative effects of the foreclosure process.

When an individual decides to purchase a home or other residential property, they almost always cannot afford the property outright. According a recent survey conducting by the Federal Housing Administration, ninety-two percent of home owners needed a loan or mortgage agreement in order to purchase their residence. Mortgage agreements are designed to limit the financial liability of the lending institution or bank and writing by highly paid legal experts. They can sometimes be dozens of pages long and typically use very complicated legal and financial jargon to convey their substance and meaning. Foreclosure attorneys are well versed in this complicated lingo and most have several years experience in dealing with mortgages, financial institutions, and the legal aspects of debt. It is always wise to have an attorney read over your mortgage agreement before you sign it.

If a home owner does get behind on their mortgage payments, then the financial institution or bank has the legal right to foreclose on the property in question. Most banks let an account get behind by three to six months before they pursue legal action. However, legally they can begin the process if just one payment is missed. A lawyer can help an individual through this process by explaining the complicated steps of the pre-foreclosure and finally the foreclosure process.

A lawyer will also be able to list means of avoiding an impending foreclosure. They can contact the bank or lending institution and set up a reasonable payment plan to get your mortgage current and up to date. They can sometimes even re-negotiate your mortgage agreement thereby lowering your monthly payments, interest rate, or other lending terms so that you are better able to meet your financial obligations. Remember that a foreclosure has dramatic effects to your credit history which you will never fully recover from. Therefore, it is in your best interest to hire an attorney to avoid such consequences.

If you do get behind on your payments and you are unable or unwilling to avoid an impending foreclosure, then a lawyer can help you through the process in manner that will limit the dramatic legal and financial effects.

While foreclosures are messy affairs, you definitely will want someone who is fighting for your financial future.

Foreclosure attorneys can be these people who will fight for your financial future.