While most of us get the general principle that we need to go into debt if we want to build up our credit, it’s tough to know exactly how far you should go. When you’re first starting out, it’s all too easy to get buried in bad debts that run into tens of thousands of [...]
Related StoresInvesting
 |
CASH BUYERS WANTED FOR MEMPHIS TN REAL ESTATE INVESTING |
US $40,000.00 | Sale |
 |
NO MONEY DOWN MEMPHIS TENNESSEE REAL ESTATE INVESTING |
US $30,000.00 | Sale |
How Far Into Debt Should You Go?
December 3rd, 2008 — , Bad debt, Income Streams, Investing, Rules of Thumb, bad debts, choices, clothes, debt, disparity, exceptions, good debt, interest rate charges, millionaires, money, multiple income streams, old job, paychecks, personal finance, principle, tens of thousands, thousands of dollars from Rich Leverage @ Rich Credit Debt Loan
How to Keep Cash Flow Coming In
December 1st, 2008 — , Income Streams, Investing, avenues, best solution, cash flow, catering business, drop ship products, ebay, ebooks, extra cash, farmers markets, gas prices, great solution, high interest, knack, money, old pair of shoes, old stuff, paycheck, personal finance, side business, small businesses, strategic investments, yard sale from Rich Leverage @ Rich Credit Debt Loan
One of the main problems facing Americans today is a lack of cash flow. As the economy gets worse and gas prices go up, it is getting harder to make ends meet. If you are completely reliant on your paycheck each month, the last few days or weeks of the month may be getting pretty [...]
Related StoresPlanning For Retirement Late in Life
November 30th, 2008 — , 401k, Financial Security, Income Streams, Investing, Retirement, back seat, centuries, debt, debt leverage, decent shape, diversification, emergencies, financial future, freedom, good debt, good neighborhood, leverage, millionaires, money, mortgage, mortgage payment, multiple streams of income, new stream, personal finance, real estate, social security, streams of income from Rich Leverage @ Rich Credit Debt Loan
Not all of us have had the luxury of spending the last 20 years to secure our financial future. Most of the time, through no fault of our own, putting aside money for retirement takes a back seat to handling emergencies or schooling for our kids, or simply the daily expenses of life. If you’re [...]
Related StoresThe Key to Successful Financial Planning
November 29th, 2008 — , 401k, Financial Planning, Financial Security, Investing, Job, cars, debt, denominator, financial success, freedom, garbage cans, horror stories, hurdles, jargon, leverage, money, orthodontia, personal finance, planning your financial future, realities of life, rest of your life, unexpected expenses, wealth from Rich Leverage @ Rich Credit Debt Loan
Financial planning at its smallest denominator is essentially what you’d like to have and how you plan to get it. That may be oversimplifying things just a bit, but sometimes when you look at things stripped away of all of their jargon, it’s a lot easier to understand it. So, in order to begin planning [...]
Related StoresMaking Extra Money With P2P Lending
November 28th, 2008 — , Income Streams, Investing, Lenders, P2P Lending, accurate assessment, banking, certificate of deposit, credit rating, credit score, debt collections, default rates, existence, extra cash, individual investors, interest rate, loan request, loan requests, loans, money, multiple streams of income, new ways, personal finance, posters, rate payments, risk, savings accounts, streams of income from Rich Leverage @ Rich Credit Debt Loan
Peer to Peer lending is quickly becoming one of the hottest new ways to create multiple streams of income. While there is risk involved, there are various methods that can reduce the risks that individual investors face and provide protection against non-payments. If you’re looking for an potential way to make extra cash every month, [...]
Related Stores3 Habits of a Smart Investor
November 27th, 2008 — , Investing, background searches, better business bureau, common sense, due diligence, gut instincts, guts, hearts, investors, little voice, money, personal finance, premise, risk, simple search, smart choices, smart investor, spirituality, stomach, success stories, trauma, wealth from Rich Leverage @ Rich Credit Debt Loan
Every day we hear success stories of those who made a killing in the markets, and at the same time, we hear about those who lost everything they owned in the markets. What makes one person succeed and another fail? While there are thousands of answers to this question, let’s focus on the fundamentals of [...]
Related StoresThe Benefits of Leveraging Debt to Create Multiple Income Streams
November 25th, 2008 — , Bad debt, Financial Security, Income Streams, Investing, capability, checks, circles, debt, debt leverage, empire, financial future, financial genius, good debt, handful, immigrants, investing in the stock market, investments, leverage, making money, money, multiple streams of income, personal finance, proven formula, stigma, streams of income from Rich Leverage @ Rich Credit Debt Loan
Let’s face it, debt has managed to earn itself a pretty bad name in most circles, but in many cases, this stigma is undeserved. Debt, when used properly, can help you secure your financial future. While no one is arguing that improperly used debt is a bad thing, good debt is possible. Commonly, good debt [...]
Related StoresGood Charlotte G Rock, Pop Music Memorabilia Entertainment Memorabilia
Multiple Animals Animals Postcards Collectibles
Continue reading → The Benefits of Leveraging Debt to Create Multiple Income Streams
How to Pick a Financial Advisor
November 25th, 2008 — , Investing, alma mater, benefit, best fit, code of ethics, education, financial advice, financial advisors, financial outlook, homework, investments, larger company, managing your personal finances, money, personal finance, prospective advisors, recourse, respected company, testimonials from Rich Leverage @ Rich Credit Debt Loan
If you are getting serious about investing or managing your personal finances, it may be time to think about hiring a financial advisor. Before you take that step however, there are a few things to think about. It is vital to make sure that you are working with someone that is qualified to handle your [...]
Related StoresHow to End Paycheck Reliance
November 24th, 2008 — , Financial Security, Investing, Job, amount of money, endless loop, goal, implementation, insurances, investment portfolio, investment strategy, investment vehicles, investments, lottery ticket, money, paycheck to paycheck, personal finance, professional investment advice, rainy day, reliance, risk levels, savvy investor, slip of paper, stocks, winning the lottery from Rich Leverage @ Rich Credit Debt Loan
There are numerous ways to end paycheck reliance in your life, however some are obviously more feasible than others in terms of implementation. For example, winning the lottery is an excellent way to overcome your reliance on a paycheck to paycheck way of living, but how much can you really rely upon a lottery ticket [...]
Related StoresOils Well That Ends Well
November 21st, 2008 — , Investing, Vanguard, dbo, dow jones industrial average, investments, oil prices, speculation, vti from Lazy Man @ Lazy Man and Money
I’ve been really surprised that the Dow Jones industrial average continues to drop. The last time it dropped to 8,200 I thought it would be the last chance at those prices. As I write this, the mark is at 7,500 and some indications seem to say that it could go even lower. [...]
Related StoresReal Estate Investments - Good Idea or Bad Idea?
November 19th, 2008 — , Investing, Long Term, all time high, bad news, chunk, economy, eight months, foreclosures, fortune, good time, home loan, home values, insane heights, investing in real estate, investors, money, personal finance, proper choices, property values, real estate, smart investments, speculator, stock from Rich Leverage @ Rich Credit Debt Loan
Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good time to get into real [...]
Related StoresContinue reading → Real Estate Investments - Good Idea or Bad Idea?
Protecting Your Investments In Times of Economic Crisis
November 19th, 2008 — , Financial Security, Investing, backlash, bailout, economic crisis, economy, financial sector, headlines, investment decisions, investments, media circus, mutual funds, piece of advice, rash decisions, shakeup, stock market, stocks, television, trade decisions, united states economy, watching the news, world economy from Rich Leverage @ Rich Credit Debt Loan
The United States economy is currently experiencing a serious financial shake up. No one really understands just how deep or how far reaching the damage is going to be, but what we do know is that there is going to be damage, and that we are going to be at the mercy of the markets [...]
Related StoresContinue reading → Protecting Your Investments In Times of Economic Crisis
What Are Passive Streams of Income?
November 17th, 2008 — , Income Streams, Investing, banking, certificate of deposit, full time job, hybrid, interest payments, internet business, investments, landlord duties, multiple income streams, part time, passive income, personal finance, phrase, property management company, quality time, rental properties, rewards, risk, savings account, stock, stocks, streams of income, time internet from Rich Leverage @ Rich Credit Debt Loan
If you’re trying to make more money, chances are you’ve heard the phrase, multiple income streams. However, there are two main types of income streams that you can use, and they are quite different. The first is known as active – and as the name implies, this is a type of income that you actually [...]
Related StoresStart Treating Your Finances Like a Bank
November 15th, 2008 — , Debt Management, Investing, average person, banks, bargain basement, budget, checkbook, collecting dust, crash course, debt, enough money, extra 500, financial independence, leverage, little bit, management principles, managing your money, mindset, payoffs, personal finance, risk, single day, streams of income, successful management from Rich Leverage @ Rich Credit Debt Loan
If you want to start making money, you’ve got to stop looking at your finances like a regular person and start treating your checkbook like you work for the bank. This is the key towards successful management of your finances and will help you grow your current income and create more streams of income at [...]
Related StoresPrepaying for Gasoline
November 14th, 2008 — , Consumer Protection, Investing, Let's Refuel America, gas prices, mygallons.com, saving from Mike @ richerbytheday
Paying $1.84 for gas today reminded me that I wanted to revisit my analysis of Chrysler’s Let’s Refuel America Program and MyGallons.com.
Back in May, I discussed why Chrysler’s program was such a bad deal. As a reminder, the program allowed participants to lock in the ultra low price of $2.99 per gallon for three years. [...]
The Mortgage Crisis and Investments in Real Estate
November 13th, 2008 — , Investing, News, condominium development, condominium developments, condominium market, construction condominiums, contract assignments, contract provisions, flight risk, foreign investment, foreign investors, housing market, housing products, housing projects, investment market, low flight, market segment, personal finance, pre construction, real estate, rental apartments, safety investments, speculators, united states dollar from Rich Leverage @ Rich Credit Debt Loan
According to regional and state real estate analysts, the factors which previously fueled the housing boom of the last few years are easy to explain. The factors that fueled this boom in the real instate industry ranged significantly, including:
- Interest rates that were historically low.
- Flight-Risk Safety Investments for Foreign Investors hailing from South America, [...]
Continue reading → The Mortgage Crisis and Investments in Real Estate
Do You Need an Accountant?
November 12th, 2008 — , Financial Security, Income Streams, Investing, accountant, average person, balancing a checkbook, boat load, diversification, financial independence, financial planner, financial planners, financial practices, financial woes, heartache, juncture, managing your money, money, multiple streams of income, new job, personal finance, streams of income, student loans, time of your life, whiz, whole life, worst time from Rich Leverage @ Rich Credit Debt Loan
The average person usually tries to struggle with their finances year after year and only visits an accountant a few days before their taxes are due. By this point, it’s up to the accountant to try to piece everything together and they won’t be able to offer much help when it comes to managing your [...]
Related StoresP2P Lending Default Considerations (Part 2)
November 11th, 2008 — , Investing, Lending Club, P2P Lending, calculations, default rates, loan interest rates, monte carlo simulation from Mike @ richerbytheday
Simulation Results
To get a better handle on the effect of historical default rates on P2P loan portfolios, I performed a monte carlo simulation on portfolios lending $100, $500, $1000, $2000, and $5000. Since I assumed that the money was spread across investments of $25 each, those dollar amounts correlate to 4, 20, 40, 80, and [...]
Continue reading → P2P Lending Default Considerations (Part 2)
P2P Lending Default Considerations (Part 1)
November 9th, 2008 — , Investing, P2P Lending, default rates, loan portfolios, note default, p2p loans, probability, statistical significance from Mike @ richerbytheday
Rethinking Historical Default Rates When Applied to Small Value P2P Loan Portfolios
Historical default rates can be difficult to apply to small value P2P loan portfolios. The first thing to remember is that, much like stock market returns, historical default rates do not necessarily predict future default rates. The next major problem with analyzing risk in [...]
Continue reading → P2P Lending Default Considerations (Part 1)
Just How Safe is Your Money Right Now?
October 29th, 2008 — , Insurance, Investing, aig, annuity, answer index, bailout, banking, current condition, downside, downturn, etfs, fdic, fixed annuities, holding company, index funds, insurance companies, largest insurance, lehman, life insurance annuities, middle men, money, naic, personal finance, sipc, stock market, stocks from Rich Leverage @ Rich Credit Debt Loan
Even after the government took the opportunity to step in and bail out one of our largest insurance companies, the stock market still managed to find a way to completely tank, because many investors were not persuaded that this intervention was going to protect their investments. This is when you have to find confidence, knowing [...]
Related StoresInvesting in a Crisis
October 27th, 2008 — , Insurance, Investing, downturn, economy, financial decisions, financial institutions, housing market, investment capital, investment options, investment vehicles, investments, investors, market volatility, marketplace, money, personal finance, sectors, sound financial advice, stock market, stocks, uncertainty from Rich Leverage @ Rich Credit Debt Loan
With so much uncertainty currently present in the marketplace, one of the most vital things that you can do to invest safely in a crisis market is simply to learn from mistakes in the past. Certain sectors of the market may seem incredibly attractive in times of a crisis, it is absolutely vital that you [...]
Related StoresStaying Solvent in Bad Economic Times
October 21st, 2008 — , Financial Security, Investing, budget, consolidation, cost of living, debt, debt to income ratio, debts, economic times, emergency fund, frugality, gas prices, great time, high interest rates, investments, natural disasters, necessities, personal crisis, personal finance, personal financial advisor, real estate, saving money, savings account, savings accounts, smart decision, stock market from Rich Leverage @ Rich Credit Debt Loan
Every day, the news about the economy seems to be getting worse and people across the world are concerned that they will be personally affected by the changes. In many cases, they already are when you consider how the cost of living has gone up, gas prices that seem to have no ceiling and continued [...]
Related StoresProsper Secondary Market
October 15th, 2008 — , Investing, News & Updates from LendingStats @ LendingStats
Prosper just suspended lending in order to create a secondary market for loans. (Essentially an exchange where you can buy/sell loans without waiting for maturity). The details for the new market place are found in an old blog post here.
“Prosper intends to charge all selling Lenders a nonrefundable resale listing fee of $0.25 per Note [...]
Related StoresProsper to Provide Secondary Lending Market
October 15th, 2008 — , Investing, peer to peer lending from WealthBoy @ WealthBoy
Today I received an email from Prosper to notify me that they are entering a quiet period, as they register with the proper securities authorities for a secondary lending market. What is a secondary lending market? It is a market where you can buy and sell loans that have already been originated. [...]
Related StoresOriginal Period Items 1700-74 Militaria Collectibles
Original Period Items 1903-13 Militaria Collectibles
Continue reading → Prosper to Provide Secondary Lending Market
Even Lottery Winners Feel Financial Crunch
October 14th, 2008 — , Financial Security, Investing, Lottery, News, andi, california georgia, cash payments, financial crunch, installments, lansing michigan, lottery jackpot winners, lottery officials, lottery winner, lottery winners, lump sum payment, maryland massachusetts, massachusetts michigan, mega millions lottery, michigan lottery, money, news conference, personal finance, rewrite, state lottery, ticket sales, time cash, wealth from Rich Leverage @ Rich Credit Debt Loan
In Lansing, Michigan, an unnamed lottery winner recently won a $42 million dollar Mega Millions jackpot. Lottery officials in the state are surprised to say that this lottery winner is doing something that is virtually unheard of in the history of Michigan’s involvement in the Mega Millions jackpot lottery: The winner intends on accepting the [...]
Related StoresMichigan US State, Town Views Postcards Collectibles
Michigan State College-NCAA Fan Apparel Souvenirs Sports Collectibles
Continue reading → Even Lottery Winners Feel Financial Crunch
Stock Market Holidays
October 10th, 2008 — , Investing, News, nyse holidays, stock market columbus day, stock market holidays from Mike @ richerbytheday
Contrary to popular belief, the stock market is not closed for Columbus Day. Here are the NYSE holidays for 2008-2009:
2008
Thanksgiving Day November 27
Christmas December 25
2009
New Year’s Day January 1
Martin Luther King, Jr. Day January 19
Presidents’ Day February 16
Good Friday April 10
Memorial Day May 25
Independence Day July 3 (observed)
Labor Day September 7
Thanksgiving Day November [...]
Getting Ready to Buy Some Stock
October 9th, 2008 — , Investing, earnings, money, stock market, stocks from Lazy Man @ Lazy Man and Money
Wednesday my wife said, “You know we have a lot of cash sitting around, we should start to invest it while everything is cheap.” It’s amazing how I can write about this stuff everyday, while she spends about 4 minutes a year on it, and we both come to the same conclusion. Then [...]
Related StoresDebt Decisions
October 8th, 2008 — , Income Streams, Investing, additional income, business, debt, financial resources, financial ruin, fluctuations, fortitude, good debt, high risk investment, investing in real estate, investing in stocks, investing in stocks and bonds, investment property, leverage, loan payments, perfect world, personal finance, property maintenance, property values, real estate, risk opportunity, risky proposition, running your own business, sound investment, starting your own business, stocks, stocks and bonds from Rich Leverage @ Rich Credit Debt Loan
If you are thinking about putting into practice debt leveraging in order to start creating more than one stream of income, it can seem like there are thousands of avenues open to you. For those just starting out, this can be very confusing and it is all too easy to pick the wrong thing to [...]
Related Stores