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2012年10月21日 星期日

How To Stretch Your College Dollars: 10 Money Saving Tips

Money is always tight in college. Tuition is high, but you still need to pay for food, housing, and you want to have something left over. Here are 10 money saving tips for university students (and their parents).

1. Get out of college on time!Plan to finish in four years. Every additional semester costs you more money.

2. Take a full course load. Full time students take 15 hours a semester and can complete a 120-hour degree in four years. Some programs such as engineering or architecture may require more hours. Students who relax and take only 12 hours a semester cannot graduate in four years and will end up spending more money for the same degree.

3. Budget for fun. Social activities are an important part of the college experience and they don't need to be extravagantly expensive. Discuss and plan a budget for the following:

Clothing - Campus fashion may be different than your current wardrobe. Fun - Concerts, movies, etc are often available at a reduced student rate. Food - Most meal plans cover the basics, but don't forget pizza, snacks.

4. Don't change your major after junior year. Freshman and sophomore years are perfect times to explore courses of interest to you, but by junior year students should declare a major and stick to it. Changing your major after junior year will make it almost impossible to graduate in four years.

5. Rent your books. A lot of classes require a textbook, but you don't always have to get a new one. The market for used books is very vibrant. Recently, a number of textbook rental companies have expanded their services. If you will only need the book for a semester or two and won't need to keep it for future reference, textbook rental may be an option.

6. Keep in mind that sororities and fraternities can be very expensive. Above the initial costs, remember to factor in clothes for formals, ticket prices for events, and all the extras. Talk to friends and neighbors who are currently involved with the Greek system to estimate your actual costs.

7. Make sure your credits will transfer before taking courses at another school. Community colleges can be an affordable way to complete some requirements, but your money will be wasted if your college won't accept the credit. Ask before you enroll.

8. Remember the cost of college includes books, housing, food, travel, necessary living expenses, and entertainment. If you can barely afford tuition, room, and board, you probably can't afford to attend that school because it is unrealistic to assume you will have no other expenses during the year.

9. Travel home can be costly if you go out of state for college. How often do you and your parents expect to fly? The fewer trips you make, the more money you save. (Someone from school will let you go home with them for Thanksgiving and you can spend spring break eating ramen noodles in the dorm. )

10. Watch for "retail therapy" costs. Freshman year is very stressful as students adjust to a completely different environment. Some students try to relieve their stress by spending (clothes, beer, video games, concert tickets, meals out, etc). Watch for it.

It is unrealistic to evaluate colleges without looking at the cost. Paying for college should be part of your family discussions as you work through the college search process. There are ways to limit costs, but students and parents need to be in agreement.

College admission is more competitive now than ever. Your SAT or ACT scores can be the difference between getting in, earning scholarships, or denial. Megan Dorsey is a nationally recognized expert in test preparation and college admissions who has helped thousands of students earn the scores they need and get into the colleges of their dreams. To receive free college planning and test prep resources visit http://collegeprepresults.com/


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2012年10月20日 星期六

Creative Ways to Raise Money For College

It is the one thing you have hoped to receive for months - the acceptance letter from your dream college, a fairly expensive private, liberal arts school in another state. Before you begin the celebration, you realize a few things. Even with scholarships, financial aid, or student loans, you and your parents are still on the hook for a pretty hefty tab. If you remain undaunted, take into account a few pointers that can help pay for college without taking on too much debt. Building up too many loans can lead to a lifetime of repayment, and could affect future decisions such as getting a loan to buy a car or house, or attending graduate school. While that all may be years down the line, it is never too early to think about the long run.

Part-Time Job
One of the easiest ways to raise money for college is with a part-time job. Depending on where you attend, working a few hours every week - even with a summer job - can earn money towards anything from books and fees, to even a couple of courses for the semester. Working during the school year also helps, as long as it does not interfere with schoolwork.

Sell Goods and Services
Are you well-versed in arts and crafts, i.e. designing jewelry or T-shirts, artwork or photography? Are you experienced in a particular area, where you could offer your assistance? If so, consider selling homemade products. With a few items and some creativity, you can easily offer quality gifts for a fraction of what stores charge, and sell them on a personal homepage.

Depending on your expertise in a field or intended major, you could also tutor classmates or younger students who need help with a course. If you are good with computers or videography, help troubleshoot your grandparent's faulty laptop or shoot a neighbor's video at the next birthday party. Advertise online or around town how you could help others in need.

Blogging For Dollars
It never hurts to ask for a little financial assistance, even if it is from friends or complete strangers. Many students and graduates have set up blogs asking for donations to help pay for school or student loans. A blog explaining your story is a creative way to justify your educational decisions, and let others know you are realistic about your future. While every little bit helps, keep in mind that this does not get you off the hook; you are still responsible for the monthly bill that comes to your mailbox.

The author is a freelance journalist who writes regularly about student loans and helps students with finding money for college.


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2012年9月18日 星期二

Keeping Your Money Safe and Profitable Through Certificate of Deposit


Nowadays, there are several financial institutions that offer several kinds of services. With the economic ordeals that hit almost everyone, people who were able to save some money are being meticulous in choosing which financial institution to keep their money. Few decide to just keep it at home instead people will always look around for the best financial institution that will ensure their money is safe and earning the most. As much as there are numbers of financial institutions, the types of accounts that you can open also varies.

If you have a significant amount of money to save and you are confident that you will not need it for quite some time then you will be interested in buying certificate accounts. It is a type of investment with fixed deposit structure that you can acquire either from banks or lending institutions. Investors need to deposit funds in a certain timeframe which ranges from 3 months to sixty months or more in order for their money to acquire higher interest rates. Similar to the conventional savings account, certificate of accounts are protected and insured by government agencies.

Banks and credit unions have set specific minimum requisite amount of deposit for people who are interested in buying certificate accounts. Naturally, if you want your money to acquire higher interest rates, you should make higher deposits. In return for the deposit made, the buyer gets a certificate that indicates the necessary details to seal the agreement such as term of deposit, interest rate and the maturity date.

When the deposited money reaches maturity, the principal amount and the earned interest will be awarded to the depositor. In order for the banks and credit unions to keep their business through the number of clients retaining their deposits in a long term investment, heavy penalties are imposed to early withdrawals. Such penalties can be of different forms; either through interest rates earned on a quarter or it can be the overall interest rates for the whole duration of the deposit. It depends on which type of financial institution you deposited your money to. So as not to repel investors, some banks have introduced a different structure of certificate of accounts giving its investors the flexibility of making use of their money in a staggered basis so they can use it in some other purposes.

It is wise to look around before letting your money go to any financial institutions. You are not giving your money away, of course, but the fact that your money has the tendency to sleep with low interest, you might as well find the best options of saving and the best place to keep it. Identify your goals with their corresponding time lines in order to come up with a better decision that has been well thought of before buying certificate of accounts.

Unless you are truly confident that you will not have a need for the money you will be using to buy the certificate of account, consider finding other options that will not impose any penalties when withdrawing your money. Make sure to discuss penalties with your bank or credit union so you are aware of what you will lose in case you have to withdraw your money earlier than the maturity date.




Savings accounts San Luis Obispo can be found at top-ranked, local credit unions. Check into your different options at sites like http://www.coasthills.coop/.





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2012年9月15日 星期六

Comparing A Money Market and a Certificate of Deposit


As investors, we all face common problems. Where can I find the best rate of return? What is a good stock to invest in? What do I do with my money in between investments? With the first two questions, limitless answers can apply. However, with the last question, there are two popular alternatives. A CD or money market account are both viable choices that should be investigated. But which one will give you the most bang for your buck?

CD's or certificates of deposit are basically like you giving the bank a loan. You give the bank a certain amount of money and they give you a certain amount of interest. The interest rate that you get is proportionate to how long the investment is. Before you ever deposit your money into a CD, you decide on how long the money will be invested. The longer you invest, the higher your interest rate will be. This is why older people are notorious for having many CD's because they simply want to keep the money they have at a reasonable interest rate.

CD's can range in time frames from a few weeks to years. It all depends on the investor. The bad thing about CD's is that you don't have access to your money. If you decide that you need to get your money out of a CD before it matures, you will probably have to pay a fine. So if you get a CD, your money is officially tied up.

The other popular choice is a money market account. This is basically like an investor's checking account. Whichever investment firm you have will take the balance from your money market account and invest it into mutual funds and other securities. With this form of investment, the rate of return is directly proportionate to how much money you have in the account. It is not linked to a certain time period as with a CD. This means that if you don't have very much money, you won't make any interest. The main benefit with these accounts is that you have access to the money at any time. Most financial institutions will give you a checkbook that you can use like you normally would. The bad thing is, many people will treat it as an actual checkbook instead of their investment money.

Whichever form of investment you choose, make sure it's the right one for you. They both have positives and negatives that you should consider, before making a choice.




Find the best CD Rates at http://www.gotalkmoney.com/





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2012年9月14日 星期五

Finance Basics: Money Market Funds: Treasury Bill, Commercial Paper, Certificate of Deposit


Some Basic Financial Terms and Definitions

Credit Risk

Credit risk is the risk of default of a security. The higher the risk, the higher the yield of the security has to be to be attractive to investors.

Liquidity

Liquidity is measured according to how easily a security can be converted into cash.

Tax Status

The tax status of an investor matters when investing in securities. The higher the tax bracket of the investor, the more taxes need to be paid on the gains/yield of a security.

Term to Maturity

The term to maturity is a specified term of time (days, months, years) that a security needs to exist to mature.

Call Feature

The call feature is an option that allows the issuer of a bond to buy bonds before the maturity date back, at a specified price.

Conversion Feature

The convertibility clause allows investors to convert bonds into shares of common stock. This is beneficial if the market price of a bond decreases, because an investor will have an additional option of converting the bonds into a specified number of shares of common stock, rather than selling the bonds in the market.

Common Instruments of a Money Market Fund

Treasury Bills

Treasury bills are highly liquid, short-term securities issued by the government to borrow funds from investors. Treasury bills are typically sold through auctioning on a weekly basis; however treasury bills with a one year maturity term are issued monthly. The lowest amount of a treasury bill (par value) is $1000 and thereafter in multiples of $1000 and is sold at a discount rate of the par value whereas at the maturity of the treasury bill, the investor receives the par value and therefore has a profit between the par value and the discount price he/she purchased the treasury bill at. A benefit of treasury bills is that they are free of credit default risk, because they are backed by the government.

Commercial paper

Issued primarily by finance and bank holding companies with a maturity date between one day and 270 days, commercial paper is a short-term debt instrument with a goal to either provide liquidity or finance a company's investment. The minimum amount investment in a commercial paper equals $100,000.

Negotiable certificates of deposit

NCDs are short-term certificates with maturity terms ranging from two weeks to a year with a minimum investment amount of $100,000. Nonfinancial corporations are the most common investors, while individuals rarely invest indirectly invest in NCDs through money market funds. NCDs offer some liquidity.

Repurchase agreements

Repurchase agreements usually amount for $10,000,000 or more with maturity terms between one day and six months and are agreements where one party sells securities to another party with a certain date and price to repurchase the securities specified in the terms of the agreement. Common participants in repurchase agreements are financial and nonfinancial institutions.

Federal Funds

The most common participants in the federal funds market, which allows depository institutions to lend funds from each other at the federal funds rate, are commercial banks. The transactions are usually completed by funds brokers that receive a commission for their service. Common maturity terms of these transactions are between one and seven days with amounts starting at $ 5 million.

Banker's acceptances

Banker's acceptances are slightly credit risky short-term (usually between 30 and 270 days) agreements between (most commonly) exporters and a bank with the bank accepting responsibility for future payment. For this risky agreement (from the bank's perspective) the bank is reimbursed the funds by the importer in addition to a fee.

Municipal Bonds

A municipal bond is a bond issued by the federal government to finance the difference between spending by the government and the revenues they receive. Municipal bonds have a credit risk of default; the level of risk can be measured by the bond rating issued by Standard and Poor's. The minimum amount for a municipal bond equals $5000. The majority of municipal bonds are callable; generally interest is paid out semiannually to investors and the interest gained from municipal bonds is tax-exempt. Secondary markets for municipal bonds can be either active or inactive. Finally, municipal bonds generally offer a lower yield than Treasury bonds.

Over-The-Counter Transactions

Over-The-Counter transactions are completed through a telecommunications network, which means that a stock is traded through a telecommunications network in a market without a trading floor. Over-the-Counter trades do not require the purchase of a seat for the trade, because they are not listed as organized exchanges.




Nicole Elmore
Entrepreneur. Artist. Writer. Business Woman. Friend. Designer. President and CEO of Elmore Marketing.

My Blog: http://myblog.nicoleelmore.com
My Website: http://www.nicoleelmore.com

Providing readers with tips, tricks, deals, and reviews in areas of Lifestyle, Shopping, Deals, Health & Beauty, Business, Travel and More





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2012年9月13日 星期四

Compare Money Markets to Certificates of Deposit


If you have cash that you would like to put away, you might as well make it work for you. This means that you should be able to earn interest on it while it sits in an account. One of the best ways to do this is to use a money market. Of course, there are a few methods of making interest from your money, with another type being a certificate of deposit. Compare these two techniques before deciding which is best for your situation.

You should first learn the pros and cons of money markets. This kind of account is basically a mutual fund that tends to have a share price of $1 most of the time. Those in charge of the account are responsible for investing the money in certificates of deposit, savings bonds, and other tactics of investment that are generally considered safe. Thus, it is usually thought of as a sure bet that you will get more than your original investment back. Another benefit of money markets is that they are similar to checking accounts, as you typically get a checkbook for it when you open one. This allows you access to your money when you need it, so it is like simply putting it under your mattress, except you stand to make a profit from it. Additionally, money markets are easy to open since most banks offer this feature.

Even though money markets usually allow access to the cash, many banks do have a limit on the amount of money that can be taken out by check every month. Thus, if you need constant access to the account, consider other ways to save. A money market account should be accessed during emergencies only. In addition, you will find that you make a higher rate of interest when you have a lot of money in the account, while you make less when you do not have much. This is unlike some ways of saving cash, as certain investment methods pay more for mature accounts than simply large ones.

If you are interested in an account that pays a higher interest rate for a mature account, you should consider a certificate of deposit. This is also called a CD, and boasts the attractive feature of increasing the interest rate for accounts that have been around longer rather than large accounts. Thus, the longer you keep your money in the account, the more you will make. While you can choose to have access to the cash during this time, you will get a lower interest rate than if you choose a longer maturity period. If you do not anticipate needing to use the money in the account, as you have another savings account, a CD is a good way to make some profit over a long period of time.

There are several ways to make money from your investment, but money markets and certificates of deposit are among the most popular. Compare their pros and cons before choosing one. Also consider speaking to a banker about your options.




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2012年9月9日 星期日

Should You Save Money With a Certificate of Deposit?


There are numerous ways to save money, but there are several things that will determine which savings vehicle you will choose. Most people save and invest their money in several different ways. No one method is best for saving. How long you want to keep your money in the account, how accessible you want it to be, what you want for a return on investment and what your tolerance for risk are just a few of the things that will help determine what savings vehicle is best for you.

A certificate of deposit is an option for saving money. This vehicle locks your interest rate for a designated period of time. You will not be able to withdraw the money for this period of time, but the interest rate is higher than a traditional savings account. If you are not sure that you can keep your money in the CD for the fixed period of time required, you may want to opt for a money market account.

You do have options with CDs when it comes to managing the interest that the savings plan is accruing. You can have the interest deposited into one of your accounts periodically, usually monthly or quarterly. Some CDs have the option of being added back into the CD or paid at the end of the CD term. You must be aware that some CDs will rollover automatically and you must make arrangements to withdraw the money at the end of the term if that is your choice.

There are many savings vehicles and they all work for specific types of investing. CDs are a short to medium term investment. If you are looking for a long term investment with a better rate of return, you may want to consider a different type of investment.




Arlene is an author that enjoys writing about health and finance. You can visit her latest site at http://cheapdanskoclogs.org where you can find information on cheap Dansko clogs.





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2012年8月31日 星期五

Certificate of Deposit - Know the Facts About Making Money


A certificate of deposit better known as a CD is a deposit made based on time. It is a very common product that is offered to customers of credit unions and banks.

CD'S are act similar to a savings account because you are considered to be risk free because a CD is insured by the FDIC. There are some differences in savings accounts and CD'S such as a set term for maturity. The CD will have a fixed term such as 3-12 months and also will have a fixed interest rate. The reason is that for you to get the full maturity you must hold it the allotted time. At the time of maturity you will be able to withdrawal the principle amount plus the interest that has accrued.

What a financial institution does is it will give you a higher rate for agreeing for a longer term. This differs from a savings account which generally gives you a lower rate because you have instant access to that money.

Most CD'S have only fixed rates but in some cases you will see banks offering a bump up rate which will be adjustable. If you get into a situation were the interest rate is on the rise then you get into a CD that will allow you a one time adjustment.

It is good to know that there are some things you must know about interest rates. In general if you have a larger amount to deposit then you will get a higher interest rate. If you have a longer term then you can also get a higher rate over the length of the CD. If you find a smaller bank a lot of times they will offer a higher rate to attract new customers.

Basically how a CD works is you need to decide on how much you are going to deposit then when you go to the bank you make your deposit. You will then receive a book that will have the deposit amount and rate on it. You will receive periodic statements so that you know how much interest you have earned.

You can also have the interest made on the CD paid to you on a monthly basis but be aware that you will not benefit form compounding interest. Also CD'S usually have a minimum amount that they require to deposit.

If you do not cash out your CD at the end of the term then usually the bank will roll it over for another term that was the same as before




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Bryan Burbank is an expert in the field of Finance and Loans.





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2012年8月29日 星期三

Money Markets Vs Certificates of Deposit - Which to Choose?


Deciding between money market accounts and certificates of deposit is a matter of determining the length of time and level of security you desire when investing. Both forms of investing can be very beneficial to your assets, but they satisfy different goals. Therefore, to decide between them, it is important to determine your goals.

Let's look briefly at some goals you may have in mind:

Long-Term Savings - If you're looking for a way to invest that can guarantee the amount of funds at maturity then certificates of deposit are probably the best way to go. They are debt instruments that are issued by banks or other financial institutions in exchange for money paid by an investor. The CD is given for a predetermined amount of time with a fixed interest rate until maturity. The trade-off in this is that you may not have access to your money for a while, anywhere from weeks to years. However, if you're not interested in having access to your money (and like investment growth) the CD is a good option.

Easy Access to Funds - If you are looking for an investment tool that allows you access to your funds whenever you want them then money markets would be a better choice. You can open your account at most any financial institution, from which you should receive a checkbook that will give you the ability to regularly invest in the form of purchasing stocks, bonds or mutual funds. Also, you can deposit cash easily in these accounts.

If you're still not sure of which route to take, here are some other ideas to keep in mind:

• Certificates of deposit are FDIC insured up to $100,000, much like money in a savings account; however, if you decide to opt for a longer maturity period (and higher interest rate), you may have to wait a very long time to access your funds.

• Money markets tend to keep their share price right at $1 per share, which works out nicely for some; however, if you want to take advantage of interest rate maturation you will have to deposit more money instead of waiting over a period of time like with CDs.

Making the decision of what you should do with your cash can be a tough one. But with certificates of deposit and money markets both clearly offering unique perks, your biggest job will be to decide which goals are most important to your investment future.




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2012年7月28日 星期六

4 Easy Ways to Save Money at Restaurants (And Not by Ordering Less!)


I am going to give you 4 ways to save tons of money at restaurants. I hope that you will do all 4 because honestly, I save so much money each way, that I can't imagine not doing it.

1. Restaurant.com Gift Certificates

At Restaurant.com you can buy discounted gift certificates to great restaurants. Once a month these go on sale for $1-$2 each, and that's where the real savings are! You can save more than 50% with these gift certificates and they are really easy to use.

2. Sign Up for Upromise.

Upromise is a program meant for saving money for college; it's run by Sallie Mae. So, it's a government sponsored program and perfectly legit. However, you don't have to save the money for college. You can simply sign up and they will send you a check when you request it. The Upromise program does not cost anything. Upromise has partnered with hundreds of companies, retailers, travel sites and local restaurants, so that you can earn basically a "rebate" of a percentage of each qualifying purchase you make. This "rebate" is deposited in your Upromise account. There are other ways to save money in your Upromise account; you can save e-coupons to your grocery or drugstore cards and then when you buy select items, the money will be deposited in your account. Also, you can use Upromise to save money when you online shop; you will find a massive list of online retailers who give you cash back. What a great way to save for college if you have kids, plan on having kids, or for something like an unexpected medical expense!

3. Sign up for Swagbucks.

Swagbucks is also a must do. Swagbucks is a search engine, like Google. When you use the Swagbucks homepage to search, or the Swagbucks toolbar you earn "bucks" for your searches. You can redeem these bucks for Amazon gift cards, Restaurant.com gift cards, iTunes gift cards, and so much more. The Amazon gift cards are 450 swagbucks and by using the toolbar you'll probably earn between 30 and 50 swagbucks a day. This means that by using Swagbucks for search, you will earn $5 to Amazon or a $25 gift certificate to Restaurant.com every 9 days! Why wouldn't you want to earn gift cards just for searching the web!

4. Group buying sites:

There are tons of them now but the main group buying sites are Groupon and Living Social. If you sign up to receive daily emails from these sites you will be notified when there is a restaurant deal. Most of the times these deals are for 50% or more off!




Head over to Save Money with Me for instructions on how to sign up for all these deals, to calculate how much you can save or check out Eat2WinRaleigh for more easy ways to save money at restaurants.





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Where Can the Average Person Put His or Her Money & Get a Very Sizable Return With Very Little Risk?


Have you lost a large percentage of your investment funds over the past three years because of the real estate crash and/or the stock market crash? Are you still keeping what is left of your investment money in an FDIC insured bank account that offers you a minuscule return of a fraction of a percent on your money? If you are or were investing your money in one or all of these three arenas, then you know what I am talking about.

Most investors have had their investment money reduced substantially and are desperately searching for a place to invest what is left of their money that not only offers a great safety net to protect what they have, but also offers a rate of return averaging 12% to 18% apy. This sounds kind of wild and risky to the average person, but the risk is very minimal and the rate of returns are fantastic. These little known investments are known as Tax Certificates or Tax Lien Certificates.

The average person usually asks 'what is a tax certificate?' A Tax Certificate is a lien placed on a person's real estate property when the property owner does not pay his/her yearly property taxes. When a property owner does not pay his/her real estate property taxes, the county will place a lien on that person's real estate property and issue a Tax Lien Certificate. The Tax Certificate represents the outstanding taxes on the property. Several states allow the tax certificate to become a first lien on the property. If the tax lien certificate is not redeemed by the property owner then the county sells the tax lien certificate at a county held tax certificate public auction sale. After placing a successful bid on tax lien certificates, the buyers of a county government issued tax lien certificate will then get one of two things: either a state-mandated yield up to 18% APY from the tax lien certificate, which the delinquent taxpayer must pay in order to release the tax lien, or Title to the property after a certain amount of time if the delinquent taxpayer fails to pay his/her property taxes.

Real estate has lost about 20% of its peak value over the last three years, but this has very little affect on Tax Certificates. Most Tax Certificates are priced at about 1/2% to 5% of the real estate properties true value. The real estate itself is the security that the Tax Lien Certificate and its high interest amount will be paid by the property owner or another interested party. If the taxes are not paid then the property will be auctioned off by the county at a county Tax Deed auction. Currently most Tax Certificates have an annual yield between 12% and 18%. The percentage amount is set by each individual investor during the county held auction and is the minimum percentage apy the investor is willing to receive.

Most of the Tax Certificates issued to investors are redeemed by the property owner or other interested parties over a period between three months and three years. The property owner must pay the investor's original investment he/she paid to acquire the tax certificate plus the property owner must pay all the accumulated interest money due to the investor to the issuing county before the lien is released from the property. Usually within 7 to 10 days, the issuing county mails the investor's check (with all past due interest) to the investor's mailing address. The investor usually has a very passive investment (basic accounting and cashing the check are all that is required). Many counties also offer direct deposits, which makes it very user friendly for the investors of Tax Lien Certificates.




For free information to learn more about Florida Tax Certificates and Tax Deeds please visit my website: http://www.taxcertificates4sale.com.
http://www.usinflationcalculator.com/inflation/current-inflation-rates/
http://en.wikipedia.org/wiki/Tax_lien





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張貼者： 於 中午12:07 0 意見
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2012年7月21日 星期六

Tax Lien Investing - Myth, Mystery and Your Money


Typically, you will be watching an infomercial, where a sexy lady is half undressed standing next to a someone who has been successful in tax lien investing.? The claim is made that you can invest your money into a guaranteed government backed program that allows you to purchase real estate at pennies on the dollar. They show examples that of real estate that has been purchased for pennies on the dollar in order to prove the point.

The truth is that if you are going to purchase real estate for pennies on the dollar, it is possible, but it takes time and knowledge in order not to loose money. First of all you will need to purchase tax liens on the property that you are interested in buying. Then you will need to wait for a period of time (up to 5 years) and hope that the owner does not pay his taxes. By the way 95% of them are redeemed by the owner of the property. Then after you foreclose on the property and it is yours!

Sounds easy? Wrong! First, they are not easy to find; second, they are not all property, they include utility right of ways, mineral rights, and worthless property; third, the county charges a fee to the investor, plus some counties require a deposit; and last of all, the larger counties charge a fee for just the opportunity to get your hands on the data showing all of the available tax liens.

Now to get right down to it, how do you avoid making bad decisions when purchasing tax liens?

Certificates are issued from individual counties seeking cash flow.? A lien is placed on real property when the taxes are not paid by the tax payer.? The investor buys the certificate for face value plus a fee, and then is promised by the county a fixed interest rate until the tax payer pays the taxes. Most tax lien certificates are paid by the tax payer. When the taxes are paid, the investor is paid the face value of the certificate, plus interest for the time that the taxes were delinquent.

It is not guaranteed that the tax lien investing investor will make money when he invest; in fact he can and will loose money if he lacks the education and experience. Just a few examples include: buying certificates from online forums, eBay or other online auctions; purchasing them directly from the government entity, paying the fees, then the tax payer pays the taxes the next month; buying tax lien certificates on a property that is not able to be sold for more than the taxes are worth.

With the proper education and experience any investor can take a good real estate portfolio and beat the interest rates given by money markets or the stock market.? But there are ways to loose money investing in them.




Tax Lien School, LLC is a company dedicated to teach the truth about tax lien investing. They make it possible for educating anyone from any background to learn the business of tax lien investing. They have an article entitled "Avoid the Pitfalls of Investing in Tax Lien Certificates " that they give away for free which is a good place to start. They also have a detailed book that they sell entitled " Tax Lien Investing - Myth, Mystery and Your Money" which is a must buy.

Tax lien investing is a learned skill and is always improved by having someone who has been successful teach you and hold your hand so that you can get the best out of your hard earned money. Get the schooling that you need before you invest.





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Investing Money is Not an Option, it is a Necessity


We devote more than 20 years in education, study millions of pages but none teach us the most important lesson of our life, how to become financially rich. One may be academically a genius but that does not guarantee his financial intelligence, because neither in school nor in our homes are we taught the theories of becoming rich. What is the problem, why are people ignore teaching their children the most important thing of life? From our childhood we have heard our parents saying "study hard and get a good job". When any mom says "Go to school, get good grades," she definitely intends to say "Study hard because this in only thing going to make you rich". Our pattern of education does not give emphasis on making their students "Financially intelligent". This is because, I believe, very few people have this intelligence. So how they can teach? They themselves are ignorant.

Being financially intelligent means controlling your cash-flow (money in and out of your pocket). In other words financial intelligence is nothing but your ability to "manage your money" so that you become richer every day.

This Idea of getting richer every day is very tempting. When I say "getting richer every day" it calls for investing your money. Invested money is like your slave, who works 24 hrs making your money grow. Your money safely kept in the locker is not growing. Instead the eroding effect of inflation of money makes it weaker every day. (1) To prevent your money from this eroding effect of inflation (2) To make your money grow one must invest their money. Invested money makes more money.

The question is where to invest the money. For this one must know the investment options available in the market.

o One can invest in shares /equity directly in the share market (either online or through a broker).

o One can invest in equity through mutual funds, one can invest in debt linked schemes through mutual funds, bank's fixed deposits, companies fixed deposits.

If a person invests in Debt funds it means he is either investing in Company bonds, Fixed Deposits, Debt linked mutual funds, bank bonds, municipal bonds, central/state government securities etc.

As the name suggest companies/Institutions line central government, state government, Private/Public sector companies, banks etc needs funds to run their daily business. They issue securities/certificates against which we lend them money against a chargeable interest. Mainly in Debt market we lend money in the form of DEBT. The interest promised by companies, banks, government here is secured.

In Equity market we buy shares instead of certificates. These shares makes us a proportionate owner of the company of which we buy shares. Here also we lend money to the companies but like a owner. If companies makes profit we gain interest and if the companies makes loss we loose money.

In short you can say in DEBT MARKET investment is very safe but gives low but fixed returns. In EQUITY MARKET investment is linked with a risk but when market if good given a much better returns than DEBT schemes.

If you want to invest in shares market you need to have 3 things

(1) Spare Money - That even if you loose this it will not hurt. (2) Demat a/c - In this account you can 'store' you shares (no papers) (3) Trading a/c - You can 'buy & sell' shares by this account

To open a demat a/c - Ask your bank (where you maintain a savings a/c) for opening a demat account. These days nearly all banks provide this facility. They will charge a very nominal amount from you for this service.

To open a trading account - Approach a online share-market broker or else, safest and reliable will be your bank. Some banks has their own trading accounts or they have a collaboration with some online brokers. Approach your bank and ask for details.

The bottom line is "Your Bank" is the best choice. They can be your best guide & support. Give a call to your bank (or visit), tell them that you need to open a demat & trading account and the rest will follow.




The author of this article is a part time investor and a great believer in the concept of financial independence. He had started a unique website of his own and generates and healthy revenue out of it. You must visit Investment





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2012年7月10日 星期二

Three Safe Money Retirement Alternatives


With the world financial system in crisis; the United States in a recession, Europe economy on the brink of collapse, Investors losing money with their investments, employees are losing money in their 401ks. There are hardly any companies offering and type of pension plans. Banks are offering next to nothing interest rates. Plus inflation and taxes eat away any possible gains.

Jan Hatzius Chief Economist Global Investment Research at Goldman Sachs stated that "Our outlook for the global economy in 2012 and 2013 is slower growth than the last couple of years"

What does that mean? What's a person to do? Where can you put their money and not lose the principle, not have taxes on the gains and not worry about inflation eating away their money. Additionally, not have to worry about outliving your money.

Many baby boomers are doing just that; worrying about not having enough money to retire. Many baby boomers are switching to safe alternatives. Younger people are using these alternatives that I will outline to ensure their future dollars.

There are several safe money avenues that a person can invest or put their money in that can mitigate principal loss and interest loss. There are also products that can provide a tax free retirement income that you can never out live. Each of these products I will discuss will not jeopardize your principal investment.

Please keep an open mind when I tell you about these products. Remember, our world has changed and some of the products I will mentioned you may have already heard about. Many of the products have been revamped and they are not like the products that were offered to your grand parent, parents or even you several years ago.

The First product I would like to tell you about is the Index Universal Life (IUL). Yes, it is life insurance!

Index Universal Life insurance, is a life product that offers a death benefits plus the opportunity to build long term cash accumulation. The difference between an Index Universal Life and other permanent life insurance products is the way the interest is credited. Additionally, it offers the ability to earn interest that is linked to the movement of select stock market indexes; with none of the losses to your principal investment and your interest becomes your principal. Plus the contributions are tax favored, interests are tax favored, accumulations are tax favored, withdrawals are tax favored and transfers are tax favored.

The second product is Annuities, If you looked at them in the past and said it was not for you; it time to take a second look.

Annuities are long term investments created to guarantee income in retirement. Annuities accumulates on a tax deferred basis and is placed in selected professionally managed portfolios. Annuities have new living benefits, a wider selection of investment strategies and have more favorable tax treatments.

The third product is Market Linked Certificates of Deposit.(MLCD) Great news these CD's are backed by the FDIC.

Market linked Certificates of deposits are like traditional CDs but don't have a fixed interest rate. The returns are usually linked to indexes like the Dow Jones Industrial Average they can also be linked to link to commodity prices, currencies, and even benchmarks like the Consumer Price Index (CPI) Market linked Certificates of deposits are insured and they are compared to the jumbo CDs that the banks offer. Taxes must be paid on the interest earned

The products I have outlined above should be given some consideration and investigation, to see if they can be added to your portfolio. With all of the economic turmoil in the markets, the country and around the world, it's more important than ever to keep your wealth safe and secure...but also growing. it makes sense to diversify your investment portfolio to protect your future and your money.




Glenda Arrindell owns an insurance agency in the beautiful City of Orlando, Fl. She has been licensed for over a decade years and her company NB Solutions Group http://www.nbsolutionsgroup.com, specialize in showing clients how to use insurance as a financial tool and retirement supplement. By properly structuring Equity Indexed Universal Life Insurance policies (EIUL) in accordance to specific IRS guidelines to maximizing desired tax benefits. A properly structured EIUL allows the owner to accumulate money tax free, withdraw money tax free, and to transfer money to heirs' tax free. Glenda works FOR YOU with the specialty EIUL training, years of experience, and access to the most advanced financial calculators necessary to build the right plan, the right way for you.

Our other programs includes: Permanent Life Insurance, Term Life Insurance, Disability Insurance, supplemental insurance, Employee Purchase Programs, Voluntary Benefits, Medical Plans.

Glenda is a speaker, author and an advocate for volunteerism in her community. Originally, Glenda Arrindell is from the tropical paradise of the United Sates Virgin Islands. She has resided in Florida for 12 years.





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Safe Investments Guide - Keeping Your Money Safe - Part II


In this turbulent times people are looking for safety. In an earlier guide we focused on CDs and Treasuries. Treasuries are at their lowest in history. There are some advanced traders that make short-term bets on the rate movement, but outside of that people are looking for yield and safety. Here is Part Two with a focus on Municipal bonds. There will be a Part Three that focuses on more complex Certificate of Deposit Products.

Municipal and Build America Bonds

Municipal (Munis) and Build America Bonds (BABs) are offered by cities, counties, states, and other regional governing bodies. Note, they are not guaranteed although default is extremely rare. Of course, in this economy it is becoming more of a concern. It is because of this risk that they have pretty good yields. Depending on where you live and where you buy the bonds, there can also be state and/or federal tax advantages. Munis and BABs typically have longer-term maturities such as 12-years to 30-years. There are Revenue Bonds and General Obligation (GO) bonds.

GO bonds are typically thought to be safer because they are based on tax revenue and the ability of the municipality to increase taxes if necessary. Revenue Bonds are paid back with the revenue that the project creates such as an airport parking lot or baseball stadium. BABs are a new type of municipal bond that is fully taxable, thus higher yields to you, but lower yields to the entity. The federal government underwrites a portion of the interest thus the cost is lower to the entity. I could write a whole article on ratings (probably will), but generally you want the rating in the A range. S&P goes from A- to A A A (highest). Moody's is another popular rating agency and their top ratings go from A3 to A a a.

Like Government agency bonds, Munis often have call periods. This means that if rates go down, the entity could close the bond and send you back your principal and accrued interest. This creates an interest rate risk because you are left having to invest at lower rates. Munis also have term risk due to a potential rate increase; you could have the bond for the duration. If rates rise substantially you would be losing out. And again, although rare, they do have default risk. Some bonds do carry a guarantee offered by a private insurance company. That usually gives it a boost in its rating.

This article is for informational purposes only and does not serve as investment advice or as a recommendation of the products described within. The opinions herein are the sole opinions of the author.




Chris Duncan is a FINRA Registered Representative. He specializes in helping clients find the best and highest CD rates nationwide. His clients include individuals, financial institutions, corporations, and public agencies. Visit us at for more best investment rate info or for more certificate of deposit help.





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2012年7月9日 星期一

No Quick Way to Make Money - Careful Investment Plans!


There is no quick way to get rich but there are ways for safe investment plans. If you dread to invest in shares, mutual funds and in stock market there are other options open before you. You must thread the way which is less taken and is the smart way to invest too. There are new pension schemes which provide better profits provided you leave your money untouched with the bank for five years. You can decide on a particular amount and pay the same amount every year. This should be carried out for a period of three years after which you can choose not to make any investment. You are allowed to withdraw after five years or the day you retire. Continue to invest for three, five or for as long as you are working. Such funds have no risk unlike mutual funds.

Other types of funds to be considered are certificate of deposit. This has a lock in period which is decided by you while signing up the form. You can either sign in for three months, six or however long you want to. Just ensure that you don't withdraw before its due date. Think carefully before arriving at the maturity period as you will have to lose out a portion of your principal amount if you were to withdraw it pre maturely.

In case of shares and debentures, an investor must have sound knowledge about the stock market. He should keep himself up to date with the sensex, nifty and other indices to be able to track stocks which are doing well. You must be aware of those stocks which have had stability in the market. It is but inevitable to take risk in case of mutual funds, shares as they are subjected to the volatility of the market.

Whatever you invest in, find out if you get guaranteed returns on them. If you are sure of this, then just go for it!




Vijay K Shetty:
NRI Demat Account
NRI Deposits





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2012年7月7日 星期六

How to Save Money? Put It on Autopilot


For most of us, saving money is not a particularly easy task. We all know we should have some money stashed away for various reasons, including planned future expenses and unexpected emergencies. However, there is often a disconnect between knowing the need for saving money, and actually saving money.

The trick is to find a way to make saving a regular habit. Saving money is much more difficult if we wait to have a "chunk" of money to put away. Instead, pick an amount of money to put into a savings account on a weekly, bi-weekly, or monthly basis, and stick to it. You can also think of this as paying yourself first. Chances are if you plan ahead to save a reasonable amount on a regular basis, in a short time you won't even miss it. The following are some tips and tools to help you achieve this goal.

1) Direct Deposit / Automatic Payroll Deduction

One of the easiest and most effective tools available to help enhance your money saving efforts is Direct Deposit. Direct Deposit allows you to choose a set amount from every paycheck to be deposited into the checking or savings account(s) of your choice. Many employers allow their employees to divide their funds to be deposited into multiple accounts. Taking advantage of this option can allow you to regularly fund your checking account (for your regular bills and payments), as well as supplement one or more savings accounts for various purposes (regular savings; escrow-property taxes & homeowner's insurance; car repair/replacement fund; emergency fund, etc.).

Specifying an amount to be directly deposited into an interest-bearing savings or money market account is quite possibly the easiest and least painful method of forcing yourself to save money on a regular basis. While it may or may not look like much each time, the regular and continual addition of deposits, as well as the compounded interest this money earns, can become sizeable with time. Even a small sum per check can grow to become a sizeable balance over time.

2) Automatic Bank Transfer

Similar to direct deposit of your paycheck into your bank account(s), an automatic bank transfer can be a great tool to help you pad a savings, money market, or even a brokerage account. Most banks provide the means to set up an automatic transfer of your money, free of charge, from one bank account to another at the same bank, or to/from an account at a different bank. This can be extremely helpful, especially to those individuals who do not have direct deposit available through their employer. In this instance, one could simply deposit his or her paycheck into their checking account. Transfer instructions could then be set up through the bank to transfer a specified amount from the checking account into a savings or money market account at the same bank, or at another bank. Many brokerage companies also allow for automatic transfers to be made to an individual's brokerage account from a bank account.

3) Change Jar / Piggy Bank

Don't laugh quite yet. Yes, even the good old jar or piggy bank of loose change can be a tool to help you build your savings a little bit at a time. Each and every time you come home with loose change in your pockets, put it into a jar. To further boost your efforts, occasionally, throw in a $1 bill, or a $5 bill, or maybe something even larger. Don't touch this money at all for your day-to-day spending. When the jar is full (or you just get curious about how much is in it), take it to your bank and deposit these funds in your savings account. Even better, if you have enough money in the jar, use it to buy a savings bond or Certificate of Deposit (CD).

No, your change jar or piggy bank will not make you rich anytime soon. However, you might be surprised how quickly your loose change can add up. After a couple of years, it's quite possible to save up several hundred dollars from this alone! The point is, even little steps can add up to make a sizeable difference in the amount of money you can save.




CuddleMyCash.com is dedicated to helping Americans take steps toward taking better care of their personal financial resources, and in turn, ensure a more comfortable and secure financial future for themselves and their loved-ones. Visit [http://www.CuddleMyCash.com] for more savings tips and personal finance information.





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張貼者： 於 清晨7:08 0 意見
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2012年7月3日 星期二

Making Money With Pending Tax Deed Sales in Real Estate Investing


Tax certificates are pre-tax deed sales. Every year municipalities sell these financial instruments to have cash flow to run the local government. Delinquent property taxpayers can later pay off the tax liens, wait to pay them if they sell their home or do nothing and eventually have a tax deed sold and lose their property.

Tax certificates are bid on an interest rate basis with the first bid being the highest interest rate starting first. For example, assume the maximum allowable rate for a tax certificate is 18%. The first bid would be for 18% and the next, and higher offer, would be 17%, then 16% and so on. The lowest interest rate bid is more favorable to the property owner who eventually has to pay the taxes due plus the interest rate that was finally accepted as the "high" bid.

I reviewed a series of final auction rates recently and noticed that the average closed sale rate was 9.75%, not bad when Certificate of Deposit rates are 2%. Tax certificates should not be judged as to safety against CDs as they can be risky and the perspective purchaser should read the disclosures and risks that the municipalities provide in written format. After a certain number of years of tax certificates being issued, a buyer of the next tax certificate can request a tax deed be issued. The tax deed and the open tax certificates are put up for auction as one item and the public gets to bid a dollar amount, instead of an interest rate, for the payoff and ownership of the property. This is the last chance the property owner has to save his property by paying all the past due certificates.

The only reason investors would buy tax deeds is because the property has equity in it, even if it has to be repaired or the structure demolished to create this equity. The original property owner has lost this equity as a result of the sale but he doesn't have to. This is where very savvy investors have made tons of money by contacting the property owners and purchasing the property before the tax deed sales.

The enormous benefit that an investor gets is that he is not in competition with other investors in an open bidding format. He can analyze the property, which he has to do anyway to bid on the tax deed, but he can make an offer to the property owner directly and give the owner some money, small as it might be, it is better than nothing at the tax deed sale. Combine this aspect of a motivated seller with an investor using creative financing techniques to buy the property and you have a perfect storm of getting distressed properties before they are lost to a tax deed sale. Since very few investors realize the power of this prospecting technique, the field is wide open, and combined with using subject to, owner financing, options and land trust transfers, the investor can turn these purchases into virtually little or no money deals instead of coming up with the full amount of the tax certificates owed.

In summary, this pre-sale purchase of the property by an investor is a win-win situation for all the parties involved - the property owner get some equity out, the investor makes money, the municipality gets their property transfer taxes paid (they already got the property taxes at the original certificate sale) and, presumably, the end-buyer gets a good deal on his purchase.




Dave Dinkel has over 35 years experience in real estate investing which has given him a unique perspective into the real estate market. Dave is the author of the best-selling e-courses http://www.fsbopowersellingsystem.com/ and many other e-courses for investors and homeowners. Dave's focus in the past few years is educating the public in a manner that doesn't amount to paying for a master's degree. His recent contribution to this end is the e-course "48 Ways to Create a Massive Buyers List" which can be seen at http://www.MakingaBuyersList.com.





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2012年6月23日 星期六

How to Buy Real Estate and Never Need Any Money


I was listening to an investor talk about how he had bought over 100 properties and was able to secure 20 different bank loans. He went into elaborate details of the loan applications, cross collateralization, personal guarantees, consolidating LLCs and various gyrations the lenders made him do to get the money. He did a lot of work for not a lot of money.

Another investor who had bought and sold twice as many properties balked and explained how he never borrowed any money - what was the difference between these two investors? The second investor actually couldn't borrow any money so he had to get creative. When the declines of 2007 - 2008 happened, the first investor got wiped out and went into multiple foreclosures and ultimately bankruptcy.

The second investor who had borrowed other people's money went through the same market conditions, but didn't lose any money or any points from his credit score because it wasn't his money. Hindsight has 20/20 vision and as the second investor bragged about his experience, he failed to mention that he had already been through two bankruptcies and was dead broke when he started his real estate investing career.

Personally, we sold every investment property we had in December of 2006 simply because of the heated conditions of the market and the mortgage resets that were coming. This move was the culmination of about 15 years of buying real state with creative financing techniques and using other people's money (OPM).

Depending on the sales ability of an investor, he may be able to talk potential investors into lending him money to buy and sell properties even if he hasn't actually done any deals. Generally, investors are easier to work with if the investor has a track record of any kind. If you are telling people about your history in real estate investing, tell them the truth rather than lie about your experience. This may lose you some funding but it is better than to raise the investor's expectation to an unreasonable level.

Your competition for the investor's "safe money" is saving accounts and certificates of deposit. Interest rates on these bank instruments are at 25 year historic lows so your cost of money needs only to be in the 6% to 8% range. I always offer 6% interest paid monthly or 8% paid when the property is sold.

As examples, on a borrowed $100,000 at 6% payable monthly, the interest only payment would be $500. On the same borrowed $100,000 held for six months, the payoff interest amount would be $4,000. Paying the interest at the closing helps the investor's cash flow during the rehab and selling period. Usually the more informed individuals will choose the 8%, while the less trusting lenders want to see a check-a-month to feel secure.

In summary, becoming long term successful as a real estate investor, with minimal personal risk, will require using other people's money to do the purchases of your target properties. Most people will turn you down initially, but stay in touch and tell them of your progress, most often greed will bring them back to you. In the worst of circumstances a few private lenders may want more interest on their money or a part of the profit from the property. Stick to your guns about what your offer is but make sure you ultimately get private lenders' money to finance your deals. Be careful of advertising in newspapers because you could be construed by the regulatory people as making an unregistered public offering.




Dave Dinkel has over 35 years experience in real estate investing which has given him a unique perspective into the real estate market. Pick-up a FREE copy of the highly acclaimed e-book about How to Makes Tons of Money in REOs http://www.crushingthereomarket.com/

If you would like to have a huge buyers list to sell your properties to take a look at - Creating a Massive Buyers List in Days not Months http://www.makingabuyerslist.com/





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2012年6月10日 星期日

Keeping Your Money Safe and Profitable Through Certificate of Deposit


Nowadays, there are several financial institutions that offer several kinds of services. With the economic ordeals that hit almost everyone, people who were able to save some money are being meticulous in choosing which financial institution to keep their money. Few decide to just keep it at home instead people will always look around for the best financial institution that will ensure their money is safe and earning the most. As much as there are numbers of financial institutions, the types of accounts that you can open also varies.

If you have a significant amount of money to save and you are confident that you will not need it for quite some time then you will be interested in buying certificate accounts. It is a type of investment with fixed deposit structure that you can acquire either from banks or lending institutions. Investors need to deposit funds in a certain timeframe which ranges from 3 months to sixty months or more in order for their money to acquire higher interest rates. Similar to the conventional savings account, certificate of accounts are protected and insured by government agencies.

Banks and credit unions have set specific minimum requisite amount of deposit for people who are interested in buying certificate accounts. Naturally, if you want your money to acquire higher interest rates, you should make higher deposits. In return for the deposit made, the buyer gets a certificate that indicates the necessary details to seal the agreement such as term of deposit, interest rate and the maturity date.

When the deposited money reaches maturity, the principal amount and the earned interest will be awarded to the depositor. In order for the banks and credit unions to keep their business through the number of clients retaining their deposits in a long term investment, heavy penalties are imposed to early withdrawals. Such penalties can be of different forms; either through interest rates earned on a quarter or it can be the overall interest rates for the whole duration of the deposit. It depends on which type of financial institution you deposited your money to. So as not to repel investors, some banks have introduced a different structure of certificate of accounts giving its investors the flexibility of making use of their money in a staggered basis so they can use it in some other purposes.

It is wise to look around before letting your money go to any financial institutions. You are not giving your money away, of course, but the fact that your money has the tendency to sleep with low interest, you might as well find the best options of saving and the best place to keep it. Identify your goals with their corresponding time lines in order to come up with a better decision that has been well thought of before buying certificate of accounts.

Unless you are truly confident that you will not have a need for the money you will be using to buy the certificate of account, consider finding other options that will not impose any penalties when withdrawing your money. Make sure to discuss penalties with your bank or credit union so you are aware of what you will lose in case you have to withdraw your money earlier than the maturity date.




Savings accounts San Luis Obispo can be found at top-ranked, local credit unions. Check into your different options at sites like http://www.coasthills.coop/.





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