The word cash is king is true in a sense that if one has cash. One can truly take advantage of the deals that out here. The dilemma is the major banks and credit unions are trying to recruit people with money which make people with money a hot commodity right now.
They both are fighting for your business. Which begs the question? to whom should you do business with? if you are reading so far and under the impression that I was talking about people with big money like millionaires and billionaires. you are wrong! My goal is and has always been to find ways to help the little guy like me. Some of you have disposable income like a $1000 or $10000 or $15000 sitting on your checking or saving account at major banks collecting dust and earning zero interest.
I am happy to tell there is hope for you to make 3 to 4.5 % of earning while having access to your money day in and day out. Let me remind your guys how the banks make money. Since it is not ideal to keep our money under our mattress, so we choose a place to house our money called the bank. Because so many of us are doing, this resulted in them storing so much of it. They, in turn, are able to lend your money back to you and other people in a form of credit cards, car loans, mortgages with interest of like 4 percent or more. And they are able to invest in the stock market with your money. You get my point! right? so the point is; we want to do the same thing. Charging the bank some sort of interest rate to house our money. So we flip it (what a novel Idea). So how does it work? In past five years, you have credit union that wants to become a key play industry so they are offering of what I called High Yield Saving or checking account with 3 to 4.5 APR across the country. So this begs the question! How does one take advantage of that? I am glad you ask. Every city in America has some sort of credit union. Once you find one, then you have to become a member by opening an account in which it stipulates. To take advantage of High Yield Checking account.
You must do the following things
1-Check your account online once a month
2-Use Debit Card 12-15 times a month which you are already doing
3-Have direct Deposit from your Employer( some)
If the credit unions in your city do not offer the High Yield Saving account. you check this link
http://www.bankrate.com/banking/checking/bankrates-2016-high-yield-checking-survey-credit-unions/
https://www.pelicanstatecu.com/accounts/personal-checking/free-kasasa-cash.html
https://www.magnifycu.org/personal/personal-checking/kasasa-cash.html
the other advantage credit union offer is that they do not charge a monthly fee if one fails to maintain a certain amount in one account. Consequently, you are saving money. the goal is to make money off your money and save money as well.
The bottom line
If You are looking to make money off your money, it is very much possible.
Written By
Edvard Altidor
Life Insurance Licensed Agent
ealtidor2@gmail.com
Sunday, May 21, 2017
Monday, May 30, 2016
9 personal finance books you need to read now
You don’t need to read dozens of personal finance books, if you want to get smarter about your money. In fact, that might even be bad for your financial health. “One of the things people get crushed by is complexity,” says Bruce Sellery, who just happens to have written one of our favourite money books of all time. As far as he’s concerned, it doesn’t matter which financial vision you live by—simply that you have one. “It doesn’t matter which direction you walk in, or if you take a detour along the way, just so long as you keep placing one foot in front of the other.” And if you like metaphors like those, you know which book to pick.
1. The Wealthy Barber Returns, by David Chilton
The 10-second take: The first time out, Chilton focused on saving more. Round two is about spending less.
2. Moolala, by Bruce Sellery
The 10-second take: Follow the “Moolala Method”: set your goals, develop a plan and stick with it.
3. Money Talks, by Gail Vaz Oxlade
The 10-second take: Ways to bring up money at the dinner table, for folks who were taught not to discuss money at the dinner table.
4. Wealthing Like Rabbits, by Robert Brown
The 10-second take: Saving is fun. And so is reading about it when you weave in zombies, sex and references to Westeros.
5. The Automatic Millionaire, by David Bach
The 10-second take: A five-step plan minus the other four steps: Pay yourself first.
6. Stop Over-Thinking Your Money, by Preet Banerjee
The 10-second take: Invest? Sure, but first disaster-proof your life, spend less, eliminate debt, learn to read fine print and delay consumption.
7. Millionaire Teacher, by Andrew Hallam
The 10-second take: Your personal savings rate—not your investment choices—will determine your wealth.
8. A Wealth of Common Sense, by Ben Carlson
The 10-second take: Skip short-term performance benchmarks. Take the long view on your investments.
9. The Opposite of Spoiled, by Ron Leiber
http://www.moneysense.ca/save/retirement/9-personal-finance-books-you-need-to-read-now/
Monday, July 13, 2009
Save Your House From Foreclosure With Four Little Words: Show Me The Note
ZEPHYRHILLS, Fla. — Kathy Lovelace lost her job and was about to lose her house, too. But then she made a seemingly simple request of the bank: Show me the original mortgage paperwork.
And just like that, the foreclosure proceedings came to a standstill.
Lovelace and other homeowners around the country are managing to stave off foreclosure by employing a strategy that goes to the heart of the whole nationwide mess.
During the real estate frenzy of the past decade, mortgages were sold and resold, bundled into securities and peddled to investors. In many cases, the original note signed by the homeowner was lost, stored away in a distant warehouse or destroyed.
Persuading a judge to compel production of hard-to-find or nonexistent documents can, at the very least, delay foreclosure, buying the homeowner some time and turning up the pressure on the lender to renegotiate the mortgage.
“I’m going to hang on for dear life until they can prove to me it belongs to them,” said Lovelace, a 50-year-old divorced mother who owns a $200,000 home in Zephyrhills, near Tampa. “I’ll try everything I can because it’s all I have left.”
In interviews with The Associated Press, lawyers, homeowners and advocates outlined the produce-the-note strategy. Exactly how many homeowners have employed it is unknown. Nor is it clear how successful it has been; some judges are more sympathetic than others.
More than 2.3 million homeowners faced foreclosure proceedings last year and millions more are in danger of losing their homes. On Wednesday, President Obama will unveil a plan to spend at least $50 billion to help homeowners fend off foreclosure.
Chris Hoyer, a Tampa lawyer whose Consumer Warning Network Web site offers the free court documents Lovelace used to file her request, has played a major role in promoting the produce-the-note strategy.
“We knew early on that the only relief that would ever come to people would be to the people who were in their houses,” Hoyer said. “Nobody was going to fashion any relief for people who have already lost their houses. So your only hope was to hang on any way you could.”
Tom Deutsch, deputy executive director of the American Securitization Forum, a group that represents banks, law firms and investors, dismissed the strategy as merely a stalling tactic, saying homeowners are “making lawyers jump through procedural hoops to delay what’s likely to be inevitable.”
Deutsch said the original note is almost always electronically retained and can eventually be found.
Judges are often willing to accept electronic documentation. And lenders are sometimes allowed to produce other paperwork to establish they are the holder of a loan. Still, assembling such documents to a judge’s satisfaction takes time, which to homeowners is the point.
Lovelace filed her produce-the-note demand last fall after the bank acknowledged that her original mortgage document had been lost or destroyed. Since then, there has been no activity on the foreclosure — no letters from the lender, no court filings.
The law firm handling the foreclosure for the lender refused to comment.
A University of Iowa study last year suggested that companies servicing mortgages are often negligent when it comes to producing the documentation to support foreclosure. In the study of more than 1,700 bankruptcy cases stemming from home foreclosures, the original note was missing more than 40 percent of the time, and other pieces of required documentation also were routinely left out.
The first big success of the produce-the-note movement came in 2007 when a federal judge in Cleveland threw out 14 foreclosures by Deutsche Bank National Trust Co. because the bank failed to produce the original notes.
Michael Silver, a lawyer for two of the families in that case, said at least one eventually lost their home. Still, he considers that a success.
“From the perspective of the person who’s in the home, you may have kept them in the house another 10 or 12 months,” he said. “If I can get a result with economic benefits to a client, then I think I won.”
Democratic Rep. Marcy Kaptur of Ohio endorsed the strategy in a fiery speech on the House floor during debate on the federal bank bailout last month.
“Don’t leave your home,” she said. “Because you know what? When those companies say they have your mortgage, unless you have a lawyer that can put his or her finger on that mortgage, you don’t have that mortgage, and you are going to find they can’t find the paper up there on Wall Street.”
April Charney, head of foreclosure defense for Jacksonville Area Legal Aid in Florida, said the strategy has been so successful for her that she now travels around the country to train other lawyers in how to use it. She said she has gotten cases delayed for years by demanding that lenders produce paperwork they cannot find.
“This is an army of lawyers getting out there to stop foreclosures so we can get to the serious business of creating solutions,” Charney said. “Nothing good is going to happen as long as we continue to bleed homeowners.”
By MITCH STACY
Associated Press Writer
Tuesday, February 24, 2009
___
And just like that, the foreclosure proceedings came to a standstill.
Lovelace and other homeowners around the country are managing to stave off foreclosure by employing a strategy that goes to the heart of the whole nationwide mess.
During the real estate frenzy of the past decade, mortgages were sold and resold, bundled into securities and peddled to investors. In many cases, the original note signed by the homeowner was lost, stored away in a distant warehouse or destroyed.
Persuading a judge to compel production of hard-to-find or nonexistent documents can, at the very least, delay foreclosure, buying the homeowner some time and turning up the pressure on the lender to renegotiate the mortgage.
“I’m going to hang on for dear life until they can prove to me it belongs to them,” said Lovelace, a 50-year-old divorced mother who owns a $200,000 home in Zephyrhills, near Tampa. “I’ll try everything I can because it’s all I have left.”
In interviews with The Associated Press, lawyers, homeowners and advocates outlined the produce-the-note strategy. Exactly how many homeowners have employed it is unknown. Nor is it clear how successful it has been; some judges are more sympathetic than others.
More than 2.3 million homeowners faced foreclosure proceedings last year and millions more are in danger of losing their homes. On Wednesday, President Obama will unveil a plan to spend at least $50 billion to help homeowners fend off foreclosure.
Chris Hoyer, a Tampa lawyer whose Consumer Warning Network Web site offers the free court documents Lovelace used to file her request, has played a major role in promoting the produce-the-note strategy.
“We knew early on that the only relief that would ever come to people would be to the people who were in their houses,” Hoyer said. “Nobody was going to fashion any relief for people who have already lost their houses. So your only hope was to hang on any way you could.”
Tom Deutsch, deputy executive director of the American Securitization Forum, a group that represents banks, law firms and investors, dismissed the strategy as merely a stalling tactic, saying homeowners are “making lawyers jump through procedural hoops to delay what’s likely to be inevitable.”
Deutsch said the original note is almost always electronically retained and can eventually be found.
Judges are often willing to accept electronic documentation. And lenders are sometimes allowed to produce other paperwork to establish they are the holder of a loan. Still, assembling such documents to a judge’s satisfaction takes time, which to homeowners is the point.
Lovelace filed her produce-the-note demand last fall after the bank acknowledged that her original mortgage document had been lost or destroyed. Since then, there has been no activity on the foreclosure — no letters from the lender, no court filings.
The law firm handling the foreclosure for the lender refused to comment.
A University of Iowa study last year suggested that companies servicing mortgages are often negligent when it comes to producing the documentation to support foreclosure. In the study of more than 1,700 bankruptcy cases stemming from home foreclosures, the original note was missing more than 40 percent of the time, and other pieces of required documentation also were routinely left out.
The first big success of the produce-the-note movement came in 2007 when a federal judge in Cleveland threw out 14 foreclosures by Deutsche Bank National Trust Co. because the bank failed to produce the original notes.
Michael Silver, a lawyer for two of the families in that case, said at least one eventually lost their home. Still, he considers that a success.
“From the perspective of the person who’s in the home, you may have kept them in the house another 10 or 12 months,” he said. “If I can get a result with economic benefits to a client, then I think I won.”
Democratic Rep. Marcy Kaptur of Ohio endorsed the strategy in a fiery speech on the House floor during debate on the federal bank bailout last month.
“Don’t leave your home,” she said. “Because you know what? When those companies say they have your mortgage, unless you have a lawyer that can put his or her finger on that mortgage, you don’t have that mortgage, and you are going to find they can’t find the paper up there on Wall Street.”
April Charney, head of foreclosure defense for Jacksonville Area Legal Aid in Florida, said the strategy has been so successful for her that she now travels around the country to train other lawyers in how to use it. She said she has gotten cases delayed for years by demanding that lenders produce paperwork they cannot find.
“This is an army of lawyers getting out there to stop foreclosures so we can get to the serious business of creating solutions,” Charney said. “Nothing good is going to happen as long as we continue to bleed homeowners.”
By MITCH STACY
Associated Press Writer
Tuesday, February 24, 2009
___
Tuesday, June 30, 2009
Paying a Broker To Sell Your Home Fast
This practice is fairly common in the industry; it plays an important role in the mindset of the buyer`s agent. Remember, the realtor only makes money when he sells, so it makes sense for the realtor to show a house which offers a little more in commission. My concern is that this practice is dishonest partly because the realtor is pushing a house to the buyer for the sake of higher commission. In doing so, he completely disregard the buyer criteria or standard or liking toward buying a house. In my opinion, the buyer made an emotional decision to purchase a house because the agent entices the features of this house. This is wrong and immoral and should be stopped.
The desperation we see today in housing market is common because this cycle tends to happen every two decade and people behaved the same way they did last time. The storm will continue to happen if we as society does not change the way we do business. We have to stop taking advantage of situation like that, start helping one another instead. by doing so, will never see another catastrophy such as this. The people we put in charge to regulate these market must be held to a higher standard in order to prevent another storm.
Edvard Altidor
edvjf03@earthlink.net
The desperation we see today in housing market is common because this cycle tends to happen every two decade and people behaved the same way they did last time. The storm will continue to happen if we as society does not change the way we do business. We have to stop taking advantage of situation like that, start helping one another instead. by doing so, will never see another catastrophy such as this. The people we put in charge to regulate these market must be held to a higher standard in order to prevent another storm.
Edvard Altidor
edvjf03@earthlink.net
Is New York Immune To the Real Estate Burst
Is new york immune to the next real estate burst
let me first mentioned that I have been new York for vacations, it is a lovely, beautiful city. In my wishful thinking, New York is not immune from the problem we are facing in America today. The reality is Manahan is part of the country, so it will face the same problem. I can almost guarantee it because the housing bust is not a state problem, but it is a nationwide problem if not the world. Housing transactions in any country are the largest transaction that goes on daily basis. So, it is fair to say it affects the whole country which includes Manathan. We see that effect every day in the lives of American who are struggling to adapt to new a way of life. The financial system is crumbed by the problem. The crisis is so bad; the fed has been forced to cut rate close to 10 times in one month in order to prevent a recession. Although the fed reaction was a little to late in my opinion. The housing market in New York will see this same bust in the months to come. As an experienced industry observer, I predict that the worst has yet to come.
Edvard Altidor
edvjf03@earthlink.net
let me first mentioned that I have been new York for vacations, it is a lovely, beautiful city. In my wishful thinking, New York is not immune from the problem we are facing in America today. The reality is Manahan is part of the country, so it will face the same problem. I can almost guarantee it because the housing bust is not a state problem, but it is a nationwide problem if not the world. Housing transactions in any country are the largest transaction that goes on daily basis. So, it is fair to say it affects the whole country which includes Manathan. We see that effect every day in the lives of American who are struggling to adapt to new a way of life. The financial system is crumbed by the problem. The crisis is so bad; the fed has been forced to cut rate close to 10 times in one month in order to prevent a recession. Although the fed reaction was a little to late in my opinion. The housing market in New York will see this same bust in the months to come. As an experienced industry observer, I predict that the worst has yet to come.
Edvard Altidor
edvjf03@earthlink.net
The Housing Burst in America
The bust to the housing market comes as surprise to most people because they did not enticipate it to take that direction that soon. But the fact remains, what goes up, must come down . This is exactly what happens to so called expert on the market. With no surprise to anyone, this market presents a tremendous opportunity to those who for a long time prayed to purchase a house they can afford are happier not because they embraced what happen to millions of people who lost their homes, but they finally to see a way to achieve the American dream to be homeowner. However, those who lost their homes must somehow find a place to live which brings us the apartment rentals industry. They are having a very difficult time renting out these apartments due to the credit crisis in America today. Let not forget that the same requirement to purchase a home also existed in the rental properties. to rent an apartment that includes credit check, verification of income, verification of references, and finally security deposit . those who lost their homes. they have lost their homes due to lost of employment or sickness in the family. as a result, we have more homes availlable for rent.So, the market that is left for the apartment owner, and landlord to market to are very minimal, which forced them to offer very large incentive to the people such as two to three months rent free, 52’ plasma tv, with the hope of signing a two year lease. The housing problem today in America will go far beyond what see because it affects every aspect of our lives and offer a great opportunity for others who are smart enough to take advantage of it.
Edvard Altidor
edvjf03@earthlink.net
Edvard Altidor
edvjf03@earthlink.net
Monday, June 29, 2009
How to Rid yourself of Excuses and live a successfull life.
How to rid yourself of excuses and live a successful life.
The great minds understood that excuses will kill your dreams; therefore, they in turn never made excuses. They accepted the responsibilities when thing goes wrong and learns from it. If you want to be successful, you must follow the exact path. You must practice the no excuse rule. Most of the time, you will find yourself question some great business ideas and stated every possible reason it will not work for you because you are afraid that you are not up to the challenge. You procrastinate for so long that someone has already made money on the same idea. Those are called excuses, and needs stop them right away. You must decide and act on every occasion that presents itself to you. The lack of these abilities will prevent you from being successful. You must also learn to move on very quickly. Most of us are rehearsing the past, so it is imperative to know that No one has the power to change the past. But you can change the future. Those are the fundamental principle you need to learn and practice to rid yourself of excuses. Excuse is a disease and the simple and effective way to fight this disease was noted on the article.
Edvard Altidor
Edvjf03@earthlink.net
The great minds understood that excuses will kill your dreams; therefore, they in turn never made excuses. They accepted the responsibilities when thing goes wrong and learns from it. If you want to be successful, you must follow the exact path. You must practice the no excuse rule. Most of the time, you will find yourself question some great business ideas and stated every possible reason it will not work for you because you are afraid that you are not up to the challenge. You procrastinate for so long that someone has already made money on the same idea. Those are called excuses, and needs stop them right away. You must decide and act on every occasion that presents itself to you. The lack of these abilities will prevent you from being successful. You must also learn to move on very quickly. Most of us are rehearsing the past, so it is imperative to know that No one has the power to change the past. But you can change the future. Those are the fundamental principle you need to learn and practice to rid yourself of excuses. Excuse is a disease and the simple and effective way to fight this disease was noted on the article.
Edvard Altidor
Edvjf03@earthlink.net
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