Mortgage ModificationThe recent $75 billion mortgage modification plan captained by President Barack Obama has created a frenzy of scams and fraud now targeting the people the program was originally designed to help. Since October of last year, Freddie Mac and Fannie Mae alone have received a total of $59.8 billion from the recent bailout fund. But is the plan actually helping or hurting American consumers?
The Three Factor of InvestingMany consumers are wondering what to do with their money during a down economy. Should you invest the extra money or use it to pay off something you owe? It's a decision that many of us face without a great deal of consideration even though the results may have far reaching consequences! The three factors that ultimately determine the return on any investment are time, interest rate, and amount invested.
What's your financial fitness score?Find out if you are heading towards financial freedom or financial despair. Your financial fitness score shows how you stack up in a down economy. Take your time and enjoy!
Managing Your CreditNearly every consumer will have at least one inaccurate item included on their credit report, and it is up to you, the consumer, to make sure your credit file is accurate, verifiable and complete.
How to negotiate your interest ratesOne of the quickest and easiest ways to find additional cash flow is by challenging the interest rates you are being charged, especially on any high interest consumer debt. Negotiating lower interest rates reduces your monthly payments, creating additional cash flow and interest savings.
The Three Factors of InvestingIn part one, we discussed how time is by far the dominating factor in investing, but we only have a limited amount of time and time is not easily doubled. We also learned that interest rates are somewhat of a moving target, unless they are fixed, but no high-return investment is ever fixed. This leads us to the last factor of investing or the amount of money you can afford to invest.
