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A Journey To Guest Writers Resources
 |
| Credit cards Français : Cartes de crédit Italiano: Carte di credito Русский: Банковские карты Tiếng Việt: Thẻ tín dụng 中文: 信用卡 (Photo credit: Wikipedia) |
When
I have decided to a journey through Money Hacker guest writers
articles, I didn't thought they have huge wonderful articles in their
blog and web sites. I went through the first half of people in my list
and found following articles, which could be very useful to readers.
Have a look and enjoy.How to Compare Credit Cards from Creditcardassist.com
Nearly everyone knows the joy of credit card ownership. Credit cards are an easy, fast, and safe way to make purchases. All it takes is a swipe and a signature and voila! the purchase is made. But, which credit card is the best? Is there really such a difference between credit cards? How do I compare credit cards and what are some factors to consider? Aren't they all really just the same anyway? Read further
Keep Your Financial Strategy in Good Times from Depositaccounts.com
Going through one of the most challenging financial times in our history has caused many people to take drastic measures in managing their money. That has been a good thing because hopefully they have learned some valuable lessons along the way that they can retain to make them even better than they were before. Given that as a background, there are some things you can do to keep going even as the economy begins to improve. Read more here
Best Place to Think About Life and Money
"If a person gets his attitude toward money straight, it will help straighten out almost every other area in his life" ~Billy Graham
When
I first heard the news, Warren Buffett offered 40 Billions from his
wealth to Bill Gates charitable foundation, I thought Warren may be
crazy. But later, when I recollected some of his long said quotes, says
he is not at all interested to know as a rich person in front of world
but, only interested to see how money grows. He is not a person to make
more money but is a person to have a hobby of seeing how money grows.
His simple life is the best example to know how he treating money.
I am sure, any person have a well matured mindset only can think like Warren. Through offering major chunk of his wealth to a charitable foundation, he is clearly teaching the world about the meaningless of running behind money and having it more than a person really required. To concrete this truth, I will give a place for my readers to visit and think a little about your life and money making greed.
When
I first heard the news, Warren Buffett offered 40 Billions from his
wealth to Bill Gates charitable foundation, I thought Warren may be
crazy. But later, when I recollected some of his long said quotes, says
he is not at all interested to know as a rich person in front of world
but, only interested to see how money grows. He is not a person to make
more money but is a person to have a hobby of seeing how money grows.
His simple life is the best example to know how he treating money.I am sure, any person have a well matured mindset only can think like Warren. Through offering major chunk of his wealth to a charitable foundation, he is clearly teaching the world about the meaningless of running behind money and having it more than a person really required. To concrete this truth, I will give a place for my readers to visit and think a little about your life and money making greed.
Who Are You As An Investor
"A campaign is about defining who you are - your vision and your opponent's vision." ~Donna Brazile
This is a guest article from D.J. Raymond
One
of the first things that beginner investors should do before investing
one dollar is to define themselves as an investor. All too often new
investors enter the markets with a pocket full of money and no clear
sense of purpose or direction for their investment goals. This is a
recipe for financial disaster; still it happens every day, and in nearly
every market.
Let's start with defining what an investment is. An investment is typically an asset, such as a stock or a bond, or a mutual fund, then investor buys in order to build wealth over time. The investment value will rise or fall based on number of factors, from supply and demand the state of the overall economy. The intention of the investor is to sell the investment later at a higher price. That sounds simple, does it not?
An investment is not a lottery ticket. While that may seem like a foolish comparison, the fact is there are many investors who trade the stock market just like they are buying a daily lottery ticket, hoping that their numbers come in.
This is a guest article from D.J. Raymond
One
of the first things that beginner investors should do before investing
one dollar is to define themselves as an investor. All too often new
investors enter the markets with a pocket full of money and no clear
sense of purpose or direction for their investment goals. This is a
recipe for financial disaster; still it happens every day, and in nearly
every market.Let's start with defining what an investment is. An investment is typically an asset, such as a stock or a bond, or a mutual fund, then investor buys in order to build wealth over time. The investment value will rise or fall based on number of factors, from supply and demand the state of the overall economy. The intention of the investor is to sell the investment later at a higher price. That sounds simple, does it not?
An investment is not a lottery ticket. While that may seem like a foolish comparison, the fact is there are many investors who trade the stock market just like they are buying a daily lottery ticket, hoping that their numbers come in.
Shopping for Annuity Quotes Online
“Don't simply retire from something; have something to retire to.” ~ Harry Emerson Fosdick
This is a guest article by Steven Hart
As
everyone knows, the Internet allows easy access to information and the
ability for someone to remain anonymous while they search for the exact
piece of information that they need.
The search for annuity information and quotes online is no different. The Internet can be very helpful to an investor who is looking to obtain annuity quotes and tips.
However, as with all Internet searching, there are a few things that every potential annuity purchaser should consider before getting any annuity quote online:
1. Is the company/website legitimate?
A big advantage to the Internet is also a big problem. Anyone can put any information they want online, including people who are looking to commit fraud. Make sure that the life insurance company or annuity quote website is legitimate before the information obtained from the site is used in any purchase decision. To verify the insurance company, contact the state department of insurance to check the company’s standing with the agency.
This is a guest article by Steven Hart
As
everyone knows, the Internet allows easy access to information and the
ability for someone to remain anonymous while they search for the exact
piece of information that they need.The search for annuity information and quotes online is no different. The Internet can be very helpful to an investor who is looking to obtain annuity quotes and tips.
However, as with all Internet searching, there are a few things that every potential annuity purchaser should consider before getting any annuity quote online:
1. Is the company/website legitimate?
A big advantage to the Internet is also a big problem. Anyone can put any information they want online, including people who are looking to commit fraud. Make sure that the life insurance company or annuity quote website is legitimate before the information obtained from the site is used in any purchase decision. To verify the insurance company, contact the state department of insurance to check the company’s standing with the agency.
How Your Investment in Knowledge Convert You as a Successful Investor
"Making good decisions is a crucial skill at every level." ~Peter Drucker
In
this article, I am sharing an idea to be a successful investor by some
investment in knowledge. For any late comers, it is the time to take
your test by visiting my previous post titled “Test to Measure your Investment Skills and Performance”, with twelve practical questions to measure your knowledge.
To know the requirements of having investing knowledge prior to start investing, read below example:
Whenever asking preferred time to buy stocks, I generally receiving the reply “When Stock Market coming down to most”. Is that true? Yes, it is true, but only if you able to find the hidden danger associated to this scenario. It is because; less price of a stock doesn’t mean it is undervalued. It can be of course overvalued.
Other way, buying any stock at the time stock market is peak doesn’t necessarily mean it would be a bad buy. It may be a good buy than when market is bottom down! Analyzing capacity to understand the real value of a stock plays major role to identify such opportunities by just avoiding market up and downs. This is an example of knowledge I meant an investor required to acquire.
In
this article, I am sharing an idea to be a successful investor by some
investment in knowledge. For any late comers, it is the time to take
your test by visiting my previous post titled “Test to Measure your Investment Skills and Performance”, with twelve practical questions to measure your knowledge.To know the requirements of having investing knowledge prior to start investing, read below example:
Whenever asking preferred time to buy stocks, I generally receiving the reply “When Stock Market coming down to most”. Is that true? Yes, it is true, but only if you able to find the hidden danger associated to this scenario. It is because; less price of a stock doesn’t mean it is undervalued. It can be of course overvalued.
Other way, buying any stock at the time stock market is peak doesn’t necessarily mean it would be a bad buy. It may be a good buy than when market is bottom down! Analyzing capacity to understand the real value of a stock plays major role to identify such opportunities by just avoiding market up and downs. This is an example of knowledge I meant an investor required to acquire.
Test to Measure Your Investment Skills and Performance
Editor's note: This is a special quiz for readers, prepared by Sherin Dev, read about me; Follow me in Twitter
“Practice as if you are the worst, perform as if you are the best.” ~Anonymous
Being
a successful investor to make fail proof investments, not an easy task.
Investing is an art that required combination of investment knowledge
and passion. Knowledge can be acquired from various sources, but not
passion. Once If you feel you have all required qualities of a better
investor, then try this simple questionnaire to measure how much
knowledge exactly you have. This questionnaire carefully prepared to
measure your investment skills and knowledge. Respond to this
questionnaire and know what you are.
Guidelines: Get a piece of paper with pen and note down your answers to each question in this questionnaire. At the end, identify how many of them are right and read the result to know your knowledge.
“Practice as if you are the worst, perform as if you are the best.” ~Anonymous
Being
a successful investor to make fail proof investments, not an easy task.
Investing is an art that required combination of investment knowledge
and passion. Knowledge can be acquired from various sources, but not
passion. Once If you feel you have all required qualities of a better
investor, then try this simple questionnaire to measure how much
knowledge exactly you have. This questionnaire carefully prepared to
measure your investment skills and knowledge. Respond to this
questionnaire and know what you are.
Guidelines: Get a piece of paper with pen and note down your answers to each question in this questionnaire. At the end, identify how many of them are right and read the result to know your knowledge.
Guernsey - Offshore Banking Centre 2009
This is a guest article from Paul Roberts
Despite
their reputation ten, maybe twenty years ago, stringent rules and the
emergence of the Organization for Economic Co-operation and Development
means offshore banks are now considered an accessible and viable option
for savers whether they are expats or not. For those looking for the
best savings accounts in Europe, offshore finance has long been
connected to areas such as the Isle of Man and Switzerland - but more
recently, Guernsey has also established itself as a contender.
While the financial sector may not yet contribute to the Guernsey economy as much as it does in Switzerland and on the Isle of Man, banks have been beneficial to the development of the Channel Islands since the 60s. Today there are around 55 banks on the island, due as much to its desirable and convenient location, as its low taxes - a statistic that is all the more impressive when one considers its size of 25 square miles. That's an average of more than two banks per mile.
Despite
their reputation ten, maybe twenty years ago, stringent rules and the
emergence of the Organization for Economic Co-operation and Development
means offshore banks are now considered an accessible and viable option
for savers whether they are expats or not. For those looking for the
best savings accounts in Europe, offshore finance has long been
connected to areas such as the Isle of Man and Switzerland - but more
recently, Guernsey has also established itself as a contender.While the financial sector may not yet contribute to the Guernsey economy as much as it does in Switzerland and on the Isle of Man, banks have been beneficial to the development of the Channel Islands since the 60s. Today there are around 55 banks on the island, due as much to its desirable and convenient location, as its low taxes - a statistic that is all the more impressive when one considers its size of 25 square miles. That's an average of more than two banks per mile.
Should I Take My Pension More Seriously
"Employer contribution pension plans have become increasingly popular throughout the past two decades." ~Ron Lewis
A guest article from Paul Roberts
Recent
developments and accompanying research about the finance industry
should be set to make many UK adults start thinking about their pensions
more seriously, and whether we have the necessary savings plans in
place for our future. Of course, it is difficult to face up to the
importance of storing money away at a time when many of us are cutting
back and still finding it difficult to afford the bare necessities. Yet,
now may well be the most logical time to do so.
Perhaps the most alarming research published recently (August 2009) is that by Prudential (UK). According to the retirement specialists, nearly a third of Britain's 8.8 million active occupational pension scheme members are unaware of how their retirement money is invested, with over a quarter (2.5 million) never reviewing how well the pension is working.
This research caused The Independent's Simon Read to refer to the state as 'inertia' at independent.co.uk. He stated: "Even more alarming is the fact that almost half of workers aged 25-plus have their money invested in the "default" fund of their company pension scheme."
A guest article from Paul Roberts
Recent
developments and accompanying research about the finance industry
should be set to make many UK adults start thinking about their pensions
more seriously, and whether we have the necessary savings plans in
place for our future. Of course, it is difficult to face up to the
importance of storing money away at a time when many of us are cutting
back and still finding it difficult to afford the bare necessities. Yet,
now may well be the most logical time to do so.Perhaps the most alarming research published recently (August 2009) is that by Prudential (UK). According to the retirement specialists, nearly a third of Britain's 8.8 million active occupational pension scheme members are unaware of how their retirement money is invested, with over a quarter (2.5 million) never reviewing how well the pension is working.
This research caused The Independent's Simon Read to refer to the state as 'inertia' at independent.co.uk. He stated: "Even more alarming is the fact that almost half of workers aged 25-plus have their money invested in the "default" fund of their company pension scheme."
Save Smart With Multiple Accounts
"Saving is a very fine thing. Especially when your parents have done it for you." - Winston Churchill
A guest post by Trisha Wagner from Depositaccounts .
In
the current economy more people are focusing their attention on
eliminating debt and building savings. Consumer spending has slowed
dramatically as a result of the recession and many people have realized
the dangers of living with high levels of debt. For people who have not
put a lot of effort into saving money in the past, they may find the
concept of multiple savings accounts confusing. In reality having more
than one savings account can be a great way to organize savings for
specific goals and keep your money organized. This strategy is best
used for reaching short term savings goals as you would otherwise see
more growth in certificates of deposit or money market accounts. Here
are three easy tips to help manage multiple accounts.
• Organization - If you choose to open different savings accounts you will need to remain on top of what is going on with each account in order to reach your goals. There are a few tools that will help you do this if you are not by nature an organized person. Online access is available for most accounts making it easy to monitor and track your savings account activity. If you have the option to set up automatic deposits into your savings accounts this is another way to avoid extra steps and manage your account with little extra effort. If there is a limit to the number of accounts that you may make automated deposits into, choose your “main” savings account to receive the deposit and transfer money to other accounts from that point.
A guest post by Trisha Wagner from Depositaccounts .
In
the current economy more people are focusing their attention on
eliminating debt and building savings. Consumer spending has slowed
dramatically as a result of the recession and many people have realized
the dangers of living with high levels of debt. For people who have not
put a lot of effort into saving money in the past, they may find the
concept of multiple savings accounts confusing. In reality having more
than one savings account can be a great way to organize savings for
specific goals and keep your money organized. This strategy is best
used for reaching short term savings goals as you would otherwise see
more growth in certificates of deposit or money market accounts. Here
are three easy tips to help manage multiple accounts.• Organization - If you choose to open different savings accounts you will need to remain on top of what is going on with each account in order to reach your goals. There are a few tools that will help you do this if you are not by nature an organized person. Online access is available for most accounts making it easy to monitor and track your savings account activity. If you have the option to set up automatic deposits into your savings accounts this is another way to avoid extra steps and manage your account with little extra effort. If there is a limit to the number of accounts that you may make automated deposits into, choose your “main” savings account to receive the deposit and transfer money to other accounts from that point.
Weekly Link to Commentators Resources
“Feeling gratitude and not expressing it is like wrapping a present and not giving it.” - William Arthur Ward
I have started Money Hacker at the end of 2007 to share my thoughts
on personal finance and investment to the world. Readership and
comments to Money Hacker increasing very slowly but steadily. To
understand what make the slow increase of readers, I have done a
comparison study on my blog with some others and results revealed the
slow growth happening due to the subject seriousness. I still happy to know my readers are very loyal and serious on the subject what they are really looking for.
I am receiving very fruitful comments time to time, but not too much,
compare with other big blogs. My blog also have posted some very nice
guest articles from writers around the globe.
Whenever I receive a comment to any of my article, as a regular practice, I will reply to the comment immediately along with visiting commentators blog to add a return comment under an article I like. Upon receiving any guest article, I take extra care to post the article to my blog at the earliest possible time considering maximum reader visit. Enough credits and link back to writers blog always giving at the beginning and end of guest articles. My intention by doing such is to give them maximum benefits by sending my loyal readers to their blog too.
I have started Money Hacker at the end of 2007 to share my thoughts
on personal finance and investment to the world. Readership and
comments to Money Hacker increasing very slowly but steadily. To
understand what make the slow increase of readers, I have done a
comparison study on my blog with some others and results revealed the
slow growth happening due to the subject seriousness. I still happy to know my readers are very loyal and serious on the subject what they are really looking for.
I am receiving very fruitful comments time to time, but not too much,
compare with other big blogs. My blog also have posted some very nice
guest articles from writers around the globe.Whenever I receive a comment to any of my article, as a regular practice, I will reply to the comment immediately along with visiting commentators blog to add a return comment under an article I like. Upon receiving any guest article, I take extra care to post the article to my blog at the earliest possible time considering maximum reader visit. Enough credits and link back to writers blog always giving at the beginning and end of guest articles. My intention by doing such is to give them maximum benefits by sending my loyal readers to their blog too.
Featured Video: Top Ten Money Saving Tips
This is an interesting money saving tips video I have found in
YouTube, discussing some interesting methods to save money. As a
personal finance blogger, this video caught my attention immediately. I
have found the tips are very simple, sensible and totally practical for
families to save money. I thought it would be a great idea if I could
share this nice video for our readers.
In this video session, OnePotChefShow discussing about below tips:
Tip 1: Making a list of everything in your kitchen cupboards.
Tip 2: Make a Food Planner Diary
Tip 3: Tips on grocery shopping
Tip 4: Save money from Buy in Bulk
Tip 5: Reuse and recycle
Tip 6: Save money from cooking equipements
Tip 7: Save money from Eating Habit
Tip 8: Start saving coins
Tip 9: Save money from electricity
Finally, Dig for discounts
Watch it and enjoy. It is worth watching!
In this video session, OnePotChefShow discussing about below tips:
Tip 1: Making a list of everything in your kitchen cupboards.
Tip 2: Make a Food Planner Diary
Tip 3: Tips on grocery shopping
Tip 4: Save money from Buy in Bulk
Tip 5: Reuse and recycle
Tip 6: Save money from cooking equipements
Tip 7: Save money from Eating Habit
Tip 8: Start saving coins
Tip 9: Save money from electricity
Finally, Dig for discounts
Watch it and enjoy. It is worth watching!
A Fasting Approach to Kill a Habit That You Don't Want
"Bad habits are like chains that are too light to feel until they are too heavy to carry" - Warren Buffett
Yesterday, I met one of my long time friend while walking on the road. We went to a coffee shop to chat and ordered 2 special coffee but he refused to have coffee at that time. Upon asking, I got understood this is a holy month for them and all of them are fasting for entire day. I have asked him a lot about the same and he had cleared all my doubts and explained some advantages of fasting for a month. This was the first time I thought about fasting which is best for good health and to get discipline and patience in life. I appreciated him.
After
saying a bye, I thought I will fast at least once in week by attracting
the advantages of doing the same. While thinking to find out a
particular day in each week, I got stuck with question, or a great idea,
why don't people utilize fasting as a method to kill or perfectly
control a habit that they really don't want more. If do so, they can
escape from a bad habit and can save lots of money too. This article is
an excellent answer to that question where I am sharing my idea to stop
a habit using fasting approach.
Before coming to the subject, We will have a look on what Wikipedia says about fasting. It says "Fasting is primarily the act of willingly abstaining from some or all food, drink, or both, for a period of time. A fast may be total or partial concerning that from which one fasts, and may be prolonged or intermittent as to the period of fasting. Fasting practices may preclude sexual activity as well as food, in addition to refraining from eating certain types or groups of foods; for example, one might refrain from eating meat. A complete fast in its traditional definition is abstinence of all food and liquids"
Yesterday, I met one of my long time friend while walking on the road. We went to a coffee shop to chat and ordered 2 special coffee but he refused to have coffee at that time. Upon asking, I got understood this is a holy month for them and all of them are fasting for entire day. I have asked him a lot about the same and he had cleared all my doubts and explained some advantages of fasting for a month. This was the first time I thought about fasting which is best for good health and to get discipline and patience in life. I appreciated him.
After
saying a bye, I thought I will fast at least once in week by attracting
the advantages of doing the same. While thinking to find out a
particular day in each week, I got stuck with question, or a great idea,
why don't people utilize fasting as a method to kill or perfectly
control a habit that they really don't want more. If do so, they can
escape from a bad habit and can save lots of money too. This article is
an excellent answer to that question where I am sharing my idea to stop
a habit using fasting approach.Before coming to the subject, We will have a look on what Wikipedia says about fasting. It says "Fasting is primarily the act of willingly abstaining from some or all food, drink, or both, for a period of time. A fast may be total or partial concerning that from which one fasts, and may be prolonged or intermittent as to the period of fasting. Fasting practices may preclude sexual activity as well as food, in addition to refraining from eating certain types or groups of foods; for example, one might refrain from eating meat. A complete fast in its traditional definition is abstinence of all food and liquids"
Illustrated Biography of Warren Buffett
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” - Warren Buffett
In this weekend, I visited nearby bookshop to find anything possibly arrived as new within investment books. I have found a new title named "Warren Buffett: An Illustrated Biography of the World's Most Successful Investor". As its title looks something special, I have picked it to find what is in it than others. I got surprised! Unlike any other books related to Warren Buffett, this book is an illustrated edition originally translated from a Japanese book written by Ayano Morio.
It
looks like an illustrated comic book but rich information in it for an
investor attracted to Buffet and want to know more about him as precise.
I have spend enough time to read this book before buying it as my own
tp present for someone. It draw an illustrated biography of Warren
starting from his birth, child hood activities, eduction under Benjamin
Graham, first investment, his additions to Graham's style, Warren's
start up as a fund manager, meeting with Charlie Munger, history and
takeover of various companies included Berkshire Hathaway, all
illustrated such a nice way to understand easily without much
complications.
The first thought in my mind was, this book is a fantastic gift for people who want to know more about Warren Buffet or kids who want to read biography or great people to get maximum inspirations from their success. I have bought one immediately upon completion of reading, to present the same as a birthday gift to a boy living next to my home. I have found this little guy was showing interest on business and thought this book will be a fantastic option for him as a gift to inspire his thoughts in a much better way. Certainly I will read the book again and again before gifting to him.
I am sure anybody, weather it is a school boy or a senior investor, certainly entertain reading this book. As you expect, this book can't be a competitor for other books on Warren, but it certainly entertain readers in its own way, providing all information on Warrens life, major events, investment style with its illustrated comic way. It would be consider as a greatest gift for Buffettologists to help explain their mania to the uninitiated.
In this weekend, I visited nearby bookshop to find anything possibly arrived as new within investment books. I have found a new title named "Warren Buffett: An Illustrated Biography of the World's Most Successful Investor". As its title looks something special, I have picked it to find what is in it than others. I got surprised! Unlike any other books related to Warren Buffett, this book is an illustrated edition originally translated from a Japanese book written by Ayano Morio.
It
looks like an illustrated comic book but rich information in it for an
investor attracted to Buffet and want to know more about him as precise.
I have spend enough time to read this book before buying it as my own
tp present for someone. It draw an illustrated biography of Warren
starting from his birth, child hood activities, eduction under Benjamin
Graham, first investment, his additions to Graham's style, Warren's
start up as a fund manager, meeting with Charlie Munger, history and
takeover of various companies included Berkshire Hathaway, all
illustrated such a nice way to understand easily without much
complications.The first thought in my mind was, this book is a fantastic gift for people who want to know more about Warren Buffet or kids who want to read biography or great people to get maximum inspirations from their success. I have bought one immediately upon completion of reading, to present the same as a birthday gift to a boy living next to my home. I have found this little guy was showing interest on business and thought this book will be a fantastic option for him as a gift to inspire his thoughts in a much better way. Certainly I will read the book again and again before gifting to him.
I am sure anybody, weather it is a school boy or a senior investor, certainly entertain reading this book. As you expect, this book can't be a competitor for other books on Warren, but it certainly entertain readers in its own way, providing all information on Warrens life, major events, investment style with its illustrated comic way. It would be consider as a greatest gift for Buffettologists to help explain their mania to the uninitiated.
Avoiding Common Mortgage Mistakes
“All men make mistakes, but only wise men learn from their mistakes.” - Winston Churchill
A Guest Post by Robert Sommers from Trinity Insight .
For
most Americans, purchasing a house requires taking on a mortgage loan. A
Mortgage can be a very complex and costly financial investment and in
order to avoid making common mortgage mistakes a borrower should be
reasonably knowledgeable before committing to a contract
Choose Your Lender Carefully
Choosing a lender that you trust and are comfortable with is a lot more important than picking the one that offers the lowest interest rate. Unscrupulous lenders have no problems in offering attractive rates to draw customers in and then surprise them with hidden costs later on in the life of the mortgage. That “no fees, no down payment mortgage” at first glance may look great, but it often times comes at the cost of higher interest rates and hidden fees. Choosing a reputable lender will ensure that you don’t get any unpleasant surprises down the road.
Research your Options
When looking around at different mortgages (ARM, FHA, HELOC, reverse mortgage, etc) and mortgage rates it is especially important to consider the length and structure of the mortgage.
While in today's turbulent housing climate it is generally recommended that you obtain a conventional 30 year fixed rate mortgage due to its safety and reputation as being the mortgage that is least likely to cause problems in the future, in certain situations going with an adjustable rate mortgage can provide numerous financial benefits for borrowers. The value of an adjustable rate mortgage largely depends on how long you plan to own your home. Adjustable rate mortgages are far more valuable in the short term rather than in the long run. Currently, Five-year adjustable-rate mortgages are averaging 4.59% and one year adjustable-rate mortgages at 4.62% with both rates at a 3-month low. If you don’t plan on living in your home for more than six years, it is usually a good idea to opt for an adjustable rate mortgage, as the interest rate will generally be lower than a fixed rate mortgage over the period of your occupancy. However, check to make sure that your mortgage agreement does not contain a penalty for prepayment or negative amortization in which case the unpaid interest would be added to the balance of your loan.
A Guest Post by Robert Sommers from Trinity Insight .
For
most Americans, purchasing a house requires taking on a mortgage loan. A
Mortgage can be a very complex and costly financial investment and in
order to avoid making common mortgage mistakes a borrower should be
reasonably knowledgeable before committing to a contractChoose Your Lender Carefully
Choosing a lender that you trust and are comfortable with is a lot more important than picking the one that offers the lowest interest rate. Unscrupulous lenders have no problems in offering attractive rates to draw customers in and then surprise them with hidden costs later on in the life of the mortgage. That “no fees, no down payment mortgage” at first glance may look great, but it often times comes at the cost of higher interest rates and hidden fees. Choosing a reputable lender will ensure that you don’t get any unpleasant surprises down the road.
Research your Options
When looking around at different mortgages (ARM, FHA, HELOC, reverse mortgage, etc) and mortgage rates it is especially important to consider the length and structure of the mortgage.
While in today's turbulent housing climate it is generally recommended that you obtain a conventional 30 year fixed rate mortgage due to its safety and reputation as being the mortgage that is least likely to cause problems in the future, in certain situations going with an adjustable rate mortgage can provide numerous financial benefits for borrowers. The value of an adjustable rate mortgage largely depends on how long you plan to own your home. Adjustable rate mortgages are far more valuable in the short term rather than in the long run. Currently, Five-year adjustable-rate mortgages are averaging 4.59% and one year adjustable-rate mortgages at 4.62% with both rates at a 3-month low. If you don’t plan on living in your home for more than six years, it is usually a good idea to opt for an adjustable rate mortgage, as the interest rate will generally be lower than a fixed rate mortgage over the period of your occupancy. However, check to make sure that your mortgage agreement does not contain a penalty for prepayment or negative amortization in which case the unpaid interest would be added to the balance of your loan.
Money Hacker Best in August 2009
"A list is only as strong as its weakest link." - Donald Knuth
August is an important month for me. I have born in an August, in the same date Micheal Jackson born. Most of the articles added to Money Hacker in August was superb for getting ultimate personal finance and investing skills to readers. Below is a links to each of the best article contributed to Money Hacker in this month.
Personal Finance
1. Top 7 skill set to Financial Prominence - Have not missed the most important areas where a person required to build or sharpen her skills to have ultimate financial wisdom.
2. Active-Active-Passive Income thoughts - Motivating readers to generate income from three ways than commonly using 2 way income. It is a must read for us to identify possible ways to utilize our skills and generate income.
3. Financial Planning Process Chart - An easy, understandable chart explaining the financial planning process from the beginning to end for readers to plan, follow steps to build a fail proof personal financial plan for life.
4. An Ultimate Guide to Personal Budgeting Secrets - Exposing all secrets on personal budgeting to understand and make your budget fail proof and perfect.
Career and Finance
1. Highly Effective Interview Guide Part 1 - A practical start up article in the three part series. It is a self researched, most succeeded steps for those who looking and preparing for a job.
2. Highly Effective Interview Guide Part 2 - Explaining the required interview approach and a self made, practices 'master trick' to success with any interview.
August is an important month for me. I have born in an August, in the same date Micheal Jackson born. Most of the articles added to Money Hacker in August was superb for getting ultimate personal finance and investing skills to readers. Below is a links to each of the best article contributed to Money Hacker in this month.
Personal Finance1. Top 7 skill set to Financial Prominence - Have not missed the most important areas where a person required to build or sharpen her skills to have ultimate financial wisdom.
2. Active-Active-Passive Income thoughts - Motivating readers to generate income from three ways than commonly using 2 way income. It is a must read for us to identify possible ways to utilize our skills and generate income.
3. Financial Planning Process Chart - An easy, understandable chart explaining the financial planning process from the beginning to end for readers to plan, follow steps to build a fail proof personal financial plan for life.
4. An Ultimate Guide to Personal Budgeting Secrets - Exposing all secrets on personal budgeting to understand and make your budget fail proof and perfect.
Career and Finance
1. Highly Effective Interview Guide Part 1 - A practical start up article in the three part series. It is a self researched, most succeeded steps for those who looking and preparing for a job.
2. Highly Effective Interview Guide Part 2 - Explaining the required interview approach and a self made, practices 'master trick' to success with any interview.
Revisiting Lehman’s Tomb: What Would be the Thoughts for an Investor?
Memories of a chilling moment again here, near to our door steps! A
year back, this same day, 2008 September 15th, world freezes by the
shock of hearing the fall of Lehman Brothers, an eminent investment
banker from US. Waves of panic spread across the world. Investors
community was not able to believe the news. It was so difficult to
believe. But, yes, it was not a fiction. It was a sad truth. Layman
stepped up to the pages of history leaving hundreds of people jobless
and throwing hundreds of families to poverty and financially unstable!
Who
can forget the pictures appeared in the front page of newspapers
showing Layman employees with hopeless face leaving Lehman’s office with
a handful belongings? Yes, it was a saddest moment by global melt down
in the year 2008. It still remains as a symbol of lost hopes with
smell of tears. Its background filled with weeping voice of kids and
families. It was so heartbreaking one.
It happened at the peak of killing dance by global melt down. Not only layman but, number of reputed, large and small financial institutions all over the world realized the scary heat. Most of them finally surrendered as a victim of global meltdown.
Started at the end of year 2007, global melt down slowly spread its arms to the global market. At the beginning of 2008, bear phase started in the stock markets all over the world which forcibly blocked hopes of investors and cost lives of many. At the second week of March 2009, global markets end with a total crash which recorded a total loss of 57%! A clear approach of high speed to maximum down!! Comparing 48% in 1973-1974 and 49% in 2000-2001, this fall was hilarious and dangerous.
Who
can forget the pictures appeared in the front page of newspapers
showing Layman employees with hopeless face leaving Lehman’s office with
a handful belongings? Yes, it was a saddest moment by global melt down
in the year 2008. It still remains as a symbol of lost hopes with
smell of tears. Its background filled with weeping voice of kids and
families. It was so heartbreaking one.It happened at the peak of killing dance by global melt down. Not only layman but, number of reputed, large and small financial institutions all over the world realized the scary heat. Most of them finally surrendered as a victim of global meltdown.
Started at the end of year 2007, global melt down slowly spread its arms to the global market. At the beginning of 2008, bear phase started in the stock markets all over the world which forcibly blocked hopes of investors and cost lives of many. At the second week of March 2009, global markets end with a total crash which recorded a total loss of 57%! A clear approach of high speed to maximum down!! Comparing 48% in 1973-1974 and 49% in 2000-2001, this fall was hilarious and dangerous.
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