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Tag: finance

  • Banks Vs. Credit Unions

    Many credit unions have criteria you must possess in order to be eligible to join. Usually, they have fewer locations than banks and fewer lending services they can offer. However, credit unions pride themselves on their customer service and their focus on the community. Also sense their structure is that of a nonprofit organization they…

  • The Purpose of a Credit Card

    The reason that lending institutions send you offer for their credit card is to lure you into a situation where you have to pay their high interest rates. The long and short of it is they wish to make money. However, my reason for using credit cards is different. I load up the card and…

  • Get it in Writing

    I was asked by someone who is close to me to review the terms of a small loan she had qualified for was written. I did not like the terminology of the terms and I explained to her why. This construction has a third-party lender who will lend money for the completion of project which…

  • Tips for applying for Real Estate Agent with Brokerage

    It appears that the real estate industry is in a down swing. Because of this it is a good time to apply too be a real Estate agent after securing you license from the DRE. How ever there are some things you should be prepared for when you do so if you’re a new agent…

  • Causes and Effects

                I have said in my writings that I am a general contractor and a Real Estate broker. It is not uncommon for people to complain about the high cost of houses today. The fact is there are politicians who complain about the high cost of housing who makes claims about us not regulation these…

  • The Velocity of the ROI Method

    The term velocity is how many times can you use the same source of capital to work for you. The quicker you can send out your capital and have it return along with your profit the faster you will begin to build wealth. Wealth is different than riches. Wealth is self-sustainable income whereas riches depend…

  • An Agents Guild for Helping Clients

    (Part 1) Working with a first-time home buyer can be a lengthy, Complex, and often times challenging process. Tis is why having an agent checklist may be a valuable tool to help you stay focus and on track during this process. There is a rule in business called the 80/ 20 rule. According to this…

  • More Lessons for First Time Home Owner

    Banks are not your friend, they are a business and they operate as business not as friends. An asset but money into your pocket, whereas a debit removed money from your pockets. Some banks tell people that a home is their biggest asset. It is true that there are many advantages to home ownership, but…

  • The Modified Internal Rate of Return

    Using the IRR has been a much-used tool for evaluating potential investments. This is most likely due to the simplicity of using it. Yet, the IRR has some flaws, the most crucial one being that it assumes the cash flows will be reinvested for the life of the project at the rate which equals the…

  • Obtaining the Net Present Value (NPV)

    Calculating the (NPV), or the Internal Rate of Return (IRR) is about the same to finding the present value of an uneven cash-flow. This is what was covered in Present Value of Uneven Cash-Flow. As you may recall a investment opportunity came your way which was: Let’s say you have the opportunity for an investment…