Rich Dad Poor Dad – Robert Kiyosaki

Archive for June, 2009

Owning a home, hasn’t that always been the American dream? To achieve it was the pinnacle of life; proof that you are responsible and successful. The current condition of the real estate market, however, has turned that dream into a nightmare. One, which many can’t seem to wake from.

Original post:
It’s All About Keeping the One You’ve Already Bought

Most of the people get frustrated after the foreclosure. They might feel that getting a new home is almost impossible.

Continued here:
Home Loans For People After a Foreclosure – Yes, You Can!

A house is a basic need that every individual should have. You can’t just sleep in the streets. You need a house especially if you’re starting a family of your own. Purchasing a house is a good investment for you. However, owning real property such as a home can be tight on the budget. It entails big cash out for you. If you’re broke and don’t know where to find the money needed to buy your dream house, well, the government will help you.

See more here:
Government Home Grant – Own a House For Free

The fifth episode focuses on talking to parents about money and their estate planning as they get older. Along the way, I mention my own challenges in figuring out how to handle this as my parents age. Total time: 16:25.

Listen In!

Other options for enjoying The Simple Dollar Podcast include:
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Though I hope you do subscribe using one of the above methods, don’t worry – each episode will be featured in its own post, much like this one, on Tuesday afternoons. The podcast itself may appear earlier than that, however, if you subscribe using one of the above forms, but the notes won’t appear until I post about it here on The Simple Dollar.

Episode Notes
Here are some additional notes that go alongside the comments in the podcast. Approximate times for the corresponding links and notes are listed.

0:00 – The theme song is a snippet of a Camper van Beethoven concert on October 25, 1986, shared via their very open taping policy. Listen to the concert in its entirety.
0:22 – Some useful reading on this topic.
1:41 – The frugality lessons my parents taught me.
2:38 – Here are some of the ways they managed to juggle all of these things.
3:27 – The book It Pays to Talk by Carrie Schwab-Pomerantz and Charles Schwab was really helpful – here are my detailed notes on the book.
4:31 – Honesty is absolutely vital when talking about these issues.
6:02 – When I’m trying to calm myself down, I often sing to myself. I usually choose a very calm song – usually, it’s Crash by Dave Matthews Band.
8:58 – It might be worthwhile to get your parents a copy of Start Late Finish Rich by David Bach – here are my notes on the book.
11:30 – Estate planning 101
12:07 – A master information document is unbelievably useful in such situations.
15:22 – A semi-preview of next week’s podcast.

One thing I’d like to do in a future episode is have an audio reader’s mailbag. If you have a microphone on your computer and can record an MP3 of a simple, short question you might have on personal finance, careers, pop culture, or anything else you’d like me to answer, record it as an MP3 and send it to me. Keep the total recording under 15 seconds, please. Also, if you use Skype, feel free to ask your question that way – my username is trenttsd.

Comments and suggestions welcome.

More here:
The Simple Dollar Podcast #5: Talking to Parents

It’s a sign of the times that many of us our struggling financially. One of the best ways to improve your financial status would be to consolidate all your debts with one lender. Often the easiest way for a homeowner to do this would be to apply for a home equity loan. However, what happens if you have bad credit?

Read more here:
Home Equity Loan For Bad Credit – The Best Way to Lower Your Monthly Outgoings During Hard Times?

Home buyers are occasionally frustrated with purchasing a home because they have no idea of the sequence of steps involved. These are the steps that may help them understand the process.

Originally posted here:
The Loan Process – Purchasing a House

Acquiring home loans for self employed people has always been a difficult task, when the borrower has not been involved in self employment for the period of at least two years. Be it the credit unions or the coveted banks, the one thing that they want to see before starting the process of loan assessment or approval is the income tax returns. A lot of emphasis is laid on the income tax returns because it acts as a proof of your actual income. There are some banks which are very skeptical to approve loans to self employed people as the degree of risk is higher and even the amount of income can fluctuate every month.

Read more:
Routes For Acquiring Home Loans For Self Employed People

FHA loans have become popular and they are the best solution for people who want to buy a home. There are FHA loan limits that you need to know before you go to the lender. This article explains the FHA loan limits and gives more details on these loans.

Read more from the original source:
FHA Loan Limits

Every person dreams of owning a home. Here are a few facts that may be useful to get a home financed through home loans.

Source:
Steps to Get a Home Loan

About a week ago, I challenged my followers on Twitter to give me their best single piece of money advice in ten words or less.

I was flooded with responses.

After spending quite a bit of time sifting through them, here are the fifty best pieces of advice that came my way (out of well over a hundred – I actually used a spreadsheet to help me figure out the best ones to include). All of these are stellar money tips – and all of them come in with ten words or less. Enjoy.

writealvaro: Don’t invest in what you don’t understand.
mmmeg: I only need one word! ASK!
The_Weakonomist: index emergency fund to unemployment. 9% = 9 months.
MichaelBRubin: Spend more time, less money.
fiscalgeek: The secret to money management is learning to be content.
pearbudget: Know what really matters. Don’t spend money on other stuff.
creditgoddess: Don’t borrow more than you can repay.
dgstinner: A fool and his money are soon parted
jacobmlee: Be mindful of how you spend money.
JoeTaxpayerBlog: Don’t walk away from 401(k) match, regardless of debt situation.
EdenJaeger: Live below your means and save all you can.
tonyblacknyc: Better to sell a little early than a little late.
Kplavcan13: Pay yourself first, you can’t give yourself a bill.
dweliver: Be content with what’s yours and you’ll always have plenty.
centsiblelife: Spend less than you earn. Earn more.
MoneyEnergy: Don’t save at 2% when you’ve got debt at 10%.
thefinancialqb: If you try to get rich quickly, you will go broke fast.
ObliviousInvest: Diversify. Minimize costs. Stay the course.
Matt_SF: Borrowing money for a depreciating asset is a fool’s errand.
benburleson: If you can’t afford it, don’t buy it.
mapgirlsfc: Save regularly and spend less than you earn.
jj_observations: Learn to love left-overs!
tusharm: Don’t spend money that you don’t have.
danielckoontz: Never reach for yield.
randypeterman: “Where will you & your stuff be in 100 years?”
Cat8040: Don’t take on debt.
KasyAllen: Don’t be afraid to ask for the savings!
nhldigest: Best money advice “Don’t Spend More Than You Earn”.
Green_Panda: My advice: Change one money habit at a time.
MoneyEnergy: Don’t count all your chickens before they’ve hatched.
fcn: Save and invest for the long term.
MyLifeROI: If it depreciates, don’t pay interest on it!
jessw61: Save/invest as much as you can.
Lisa_S_47: working hard doesn’t mean you deserve anything you can’t afford.
mtswartz: I’ll do it in two: Spend Less!
GlennLucas: Prevent your government from bankrupting your nation.
myfindependence: Be thrifty but don’t forget to enjoy yourself
spendingsmart: You can’t outearn dumb spending.
randallkirsch: A penny saved is more than a penny earned.
Grumpicus: Use credit cards, NOT debit cards.
flexo: The only one who cares about your money is you.
ceetastic: Before purchasing, I ask myself, “Can you justify the expense?”
moneyhighway: Money comes and goes the memories stay
robertsm85: If you don’t have the money then don’t spend it.
roryboy: if you need to use plastic, you can’t afford it!
msimonkey: Keeping up with the Jones’s is plain stupid.
maverickstruth: Know what comes in, and what goes out.
crazy_eddy: Let your assets buy your toys.
sfordinarygirl: Buy generics/private label because it’s way cheaper
jasonbob7: One word: leftovers!

Now, how about you? What’s the best money advice you can give in ten words or less? Leave yours in the comments!

Source:
The Best Money Advice, in Ten Words or Less

Don’t jump into these investments because of their recent hot performance without fully understanding the risks.

Read more from the original source:
Preferreds: A Big Gamble

Choosing the right benefit period plays a big role in how much you’ll pay for coverage.

Original post:
How to Minimize Long-Term-Care Premiums

When the recession ends, private-label sales growth will continue…but at a slower pace.

Continued here:
Frugal Shoppers Are Here to Stay

The demand for this energy source should rise and these stocks and funds should benefit.

Read the original post:
How Investors Can Bet on Rising Natural-Gas Prices

The climb out of recession will be rocky and tedious but free of backsliding.

Read more from the original source:
U.S. Economy Not Headed for Another Downturn