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Monthly Archives: May 2017

Hard Money Loan

Hard money loan is going to solve the problem if it is known properly and the usage of this loan can be amplified if you follow the terms and conditions accurately. This particular loan is a kind which is running from years repetitively in a general manner. One has to ensure the loan by keeping any of his commercial property in the mortgage. That is the way how you can avail the loan. But first, you need to know what a hard money financing help is without which it would be like a big tree without fruits.

Hard Money Financing:
Secured by your commercial property this is a loan which can be avail easily without having much trouble. Without any prepayment penalty, this loan has become one of the most reliable solutions of the needy. But the most important thing you have to know is the terms and conditions of the loan along with the full policies.

Loan Size – The hard money financing can be availed with the huge amount of $200k and above which differs from one institution to another.

Closing Time – One of the main features that a consumer would like to see in the loan policy is the closing time. Whereas, the closing time of this particular loan is surprisingly 10 days which can be the major point for obtaining the loan.

LTV – Up to 75% of LTV, this loan speaks with its action rather than the words.
Loan Term – Valid from 1-3 years, this loan can be extended further and this feature often becomes one of the attractions for the consumers.
There are some worthy reasons why people get motivated for this loan. Some of the beneficial things of the loan are given below:
• Rapid funding of the loan is the first and foremost benefit. It is the most important point as per some of the purchasers.
• The flexible term is one of the major charms as you can get it as you want.
• Lack of prepayment penalties is also a point when you talk about the benefits of the hard money loan.

Information of Money Matters

Follow the Leader

It’s a good idea to let your children accompany you to the bank and stores from the time they are infants so they can begin to understand the concept of money exchange. Explain to your toddlers, young children and teens exactly what you are doing and how much it costs. Allow them to see the exchange of money, checks, and credit cards between you and the merchants. Be careful to never make your children feel guilty about how much the bills cost, because that can cause damage to their self-esteem and self-worth. Try to explain each step from where you get the money, where you store it, and how you spend it so they’ll know that it’s a whole revolving process. Money management matters. Teach your children early so they can be wise about their finances.

Here Piggy, Piggy

At any given point during the day, you might see a new mother desperately prying coins from her 1-year-old’s mouth. What this Mom doesn’t realize is that maybe her child was eating the money because he had absolutely no idea what to do with it! We assume toddlers are just too young to understand money, but that’s not the case. Children love animals, so why not give your toddler a piggy of his own? And, when your toddler picks up loose change off of the floor, he will instead come straight to Mommy so he can have the treat of putting it in his bank. Once he breaks the stage of putting coins into his mouth, encourage your child to independently ‘feed’ his Piggy Bank every day so the piggy can grow and be healthy and strong. When the bank fills up, reward your smart toddler’s savings by taking it to the bank for dollar bills. Let your child buy a special treat that he’s been looking forward to with his own money. There are even toys that emulate this process with pigs that sing when kids drop plastic coins into their backs for Moms that don’t want their children to handle real money yet.

Treasure Hunt Time

This is a sure way to get children excited to learn about money matters. Save yourself time and stop breaking your back by constantly picking up coins from the floor, in the laundry room, beneath the sofa cushions, and everywhere else money disappears into. Instead of wearing yourself out, when the kids begin to look bored shout out, ‘IT’S TREASURE HUNT TIME!!’ If you feel up to it and have time, you can even come equipped with a bunch of scarves so they can dress up and pretend to be Pirates. Let your children know the safety rules of the Treasure Hunt (like, no crawling into the washing machine). Tell them they will be able to keep any money they find to save up for something special.

One Mom had a blast doing this with her 6- and 8-year-olds, and while they were busy, she had time to complete some of her own work online. However, when her daughter’s teacher called home the next day concerned that she had brought a $100 bill to school, Mom had to let the kids know that ‘finding change’ did not include going through Daddy’s pants pockets or Mommy’s purse! So, to avoid any confusion, set those rules clearly beforehand.

Control of Your Finances

Control your expenditure. It’s very easy for money to just “go”. However, if you pay strict attention on a daily basis to where it’s being spent, you will feel much more in control. Consider keeping a diary of daily expenditure for a few weeks. The results may surprise you, but more importantly may help you to target areas where cutbacks can be made. If you find that despite all your efforts, you aren’t coping financially and your debts are growing – get help immediately. There is lots of free advice available, so make use of it. Don’t just worry about your problems – worrying doesn’t solve anything. Neither does burying your head in the sand and hoping your troubles will somehow just disappear. Speak to your creditors as soon as you know you have a problem. Don’t wait until they are harassing you for missed payments.

Pay the essentials first. Make sure to put by every month, enough money to pay items like the mortgage, necessary insurances, utility bills, food, travel expenses for work.

Try to create a small emergency fund. As soon as you are paid, whether weekly or monthly, put a small sum aside for contingencies. If you can do this immediately you are paid, you won’t miss the money. No matter how well you budget, there will always be unexpected expense and if you have the means to cover it, this will ease your stress levels considerably.

As well as trying to decrease expenditure, look around for ways to increase income too. You may have a particular skill that people would be willing to pay you for, such as gardening, painting and decorating, book keeping, Internet skills, or animal care. Look through all the junk you have stored at home. Books, CD’s, clothes, items of furniture, all can be turned in cash through eBay or car boot sales. If you have a spare room, consider renting it out.Foreign students who are only looking for accommodation for a few weeks at a time, give a gentle introduction to see if you would be happy living with this sort of arrangement.

About Handle Money

First things first. You just gotta KNOW. Financial freedom is a conscious state of living–no more mindless spending!

You must know three things:

  1. What you have
  2. Where you have it
  3. Where it goes

Sit down and figure out exactly what income and assets you have and where you have them. Then identify all of your liabilities and expenses. Where is the money going each month?

Until you know, you won’t be able to act in choice. This gets to the issue of “WHO you want to be around money”. Do you want to be someone in control? Or do you want to be someone who AVOIDS money issues?

Create a budget

Once you know what’s currently going on, you can then set up your plan for what will go on from this day forward. This will be your budget.

I challenge you to write your budget differently than most financial plans will. I want for you to have a VALUES CENTERED plan that allows you achieve what you want to accomplish, regardless of your income.

  1. First, list those things in life you MOST VALUE. (things that lead to fulfillment)
  2. Then list the things you NEED to be at your best (that bring satisfaction).
  3. Then list the things you WANT (that bring gratification).

Put a plan together that support you in directing your money where your VALUES are first. Then put money toward your needs and priorities. Finally, you can fund the “wants”. Many people do it backwards…wants first, then needs, then values –which usually leads to feeling dissatisfied and unfulfilled because there isn’t enough money left to put things away for what you most value. And that creates inner conflict–and drives up the spending on wants (which never solves the conflict).

For example, if you value creativity, your financial plan should put a percentage of your income into ways for you to express creativity. If it’s adventure, are you saving for special trips and adventures? If you value learning, are you budgeting for more opportunities to grow and learn or are you saving for your children’s learning? If you value security are you saving for your future retirement and emergencies? I’m not saying go wild here. But if you put just 5-10% of your income toward your top few values you will notice a much deeper level of fulfillment in your life.

If you find a shortfall between your income and your spending, what can you do?
Well, it’s a basic math issue–in order to achieve your financial goals you have to make more than you spend (or spend less than you make!). Your three options are:

  • Figure out ways you can spend less
  • Find ways to make more
  • Do both