For most of us, we were introduced to the subject of percentages in elementary school; however, we really didn’t receive an education until we got our first credit card bill that we didn’t pay in full the month before and realized how expensive it was not to pay in full and on time. The credit card and finance companies have the ability legally to charge up to 24.99% and in some states as high as 29.99% on outstanding balances. For some, the minimum payment, as calculated by the bank or finance company, is virtually all interest and if only the minimum payment is made, the balance can take a virtual decade to repay. In my experience as a financial advisor, I have seen people with debt on their car or home exceed the value of the asset. Today there are record amounts of people who owe more on their homes than they are worth. This is based in part, by not fully understanding, ‘How important is 1 little percentage point’ and the concept of negative amortization.
More fortunate people learned about the power of 1% by comparing the rates of savings accounts or Christmas clubs or CD’s from one bank or credit union to another. Most home buyers compared mortgage rates before purchasing their first home looking exclusively for the lowest rate, which, in most cases is not the only criteria in the mortgage selection process. A smaller group learned by comparing the yields on corporate or municipal bonds and dividend paying stocks before making a buying decision.
Regardless of the form of education, each group of people were negotiating over as little as a fraction of 1%, whether to receive more or to pay less. The number one can be a very large number indeed and can best be demonstrated utilizing a future interest calculator available in any office supply store or Radio Shack! The future interest calculator is the most powerful tool in the w (more…)
For most of us, we were introduced to the subject of percentages in elementary school; however, we really didn’t receive an education until we got our first credit card bill that we didn’t pay in full the month before and realized how expensive it was not to pay in full and on time. The credit card and finance companies have the ability legally to charge up to 24.99% and in some states as high as 29.99% on outstanding balances. For some, the minimum payment, as calculated by the bank or finance company, is virtually all interest and if only the minimum payment is made, the balance can take a virtual decade to repay. In my experience as a financial advisor, I have seen people with debt on their car or home exceed the value of the asset. Today there are record amounts of people who owe more on their homes than they are worth. This is based in part, by not fully understanding, ‘How important is 1 little percentage point’ and the concept of negative amortization.
More fortunate people learned about the power of 1% by comparing the rates of savings accounts or Christmas clubs or CD’s from one bank or credit union to another. Most home buyers compared mortgage rates before purchasing their first home looking exclusively for the lowest rate, which, in most cases is not the only criteria in the mortgage selection process. A smaller group learned by comparing the yields on corporate or municipal bonds and dividend paying stocks before making a buying decision.
Regardless of the form of education, each group of people were negotiating over as little as a fraction of 1%, whether to receive more or to pay less. The number one can be a very large number indeed and can best be demonstrated utilizing a future interest calculator available in any office supply store or Radio Shack! The future interest calculator is the most powerful tool in the w (more…)
Knock, knock, knock, who is there? It is the mailman delivering your free government grant money.
I am here to tell you it is going to be a beautiful day when you hear the knock on the door. You know the money knock is different than a bill delivery knock.
Millions upon millions of people receive free grant money every single year. Many of the people that receive free grant money from the United States government live in foreign countries.
Do not hate! People from other countries apply for and receive millions of dollars of free grant money because they know how to apply for and obtain funding they need to help make their life and community better. The exact same thing can be said for foreign businesses and individuals applying for government contracts in the United States.
So what does this mean to you? It lets you know, you should be applying for free government grant money as well. In the end its all just a process when you apply for free grant money.
Let us go one step further. How about taking a couple of days to learn how to apply for free grant money?
Most people state, “People and or companies delivering grant training are scam artist.” Do you think the grant experts that work for Donald Trump are scam artist?
You probably do not know the United States government distributes over $450 billion a year in free grant money. At this point I must make you aware, grant money is used to improve things.
More importantly, the two things grant money improves is the lives of people and the communities they live in. Given the current economic crisis our country is in, seems to reason you can obtain free grant money to help homeless people, families that have lost their homes to foreclosure, people with stagnant wages, people who do not have enough food to eat and offset the rising energy cost, specifically (more…)
