Sep
01
2022

Investing in Gold and Silver – Things You Should Know

When it comes to precious metals investing, there is a lot that you have to learn. You need to take the time to avoid the pitfalls of investing in gold and silver so that you can get the most from your investment every single time. While there are many different do’s and don’ts to explore, the most common mistakes are ones that you need to be aware of so that you can make the best decision for your investing needs.

First and foremost, you need to watch out for numismatic coins. These coins are rare and graded and can be highly expensive to purchase because they are graded. If you want to get the most from your precious metals investing, you really need to choose gold and silver investments that are low-risk and low-cost. The best way to buy gold and silver is to invest in bullion bars or coins. This simply means that the coins or bars are made of pure silver or gold and are created in mass quantities. These are made only for investments, which makes them a great value when you are looking for a good investment in precious metals.

Another tip to consider when investing in gold and silver is to make sure that you compare your options for dealers. There are so many different dealers out there to choose from and you really need to take the time to explore your options so that you can get the most for your money. If you buy from the first place that you find, you are most likely to get ripped off, which is not what you want to happen. You should also buy different denominations of coins and diversify your holdings to get the most from your investment. You should get an assortment from different mints and mining operations to make sure that you have plenty of variety. This is kind of like not putting all of your eggs in one basket.

Investing in gold and silver is a great, low-risk way to make money. So many people underestimate the power of the precious metals market, but you might be surprised to see how much you can make in terms of profits when you consider this type of investment. Feel free to explore your options and make sure that you are able to understand the process completely before you get started because knowledge is 90% of the battle with investing in gold and silver.For more information on investing in investment opportunities usually or normally not found in the marketplace, click here!

Aug
02
2022

5 Reason To Get Started In Online Business VS. Traditional Business

It is so much easier to have and run a business today then it was 60+ years ago. The Internet has opened a whole new level of business opportunity. There is millions and millions of dollar circulating online no matter where you would go, ex: ebay, google, amazon…etc. Today you don’t need so much computer skills or programming skills to make money online. You could either pay some one to make you a professional website (under $1000) or just buy one online, it’s that simple. Where as 60+ years ago your parents had to have 100 thousands of dollars so you could start your own business or you parents had to pass their business to you. So in this page I’ll demonstrate why making money online is much more simple and show the 5 Main reasons and advantages of making money online then the traditional industry style.

Presented by: Eugene from [http://www.onlinebusinesscircuit.com]

1. Investing less money
Today internet has given us a huge advantage compared to 60+ years ago. First of all the advantage to access millions and millions of information, it’s endless. And mainly it has given us the advantage to make money. People make money online everyday and you wouldn’t even realize how until you find the right system. The great thing about making money online is that it give an opportunity to make money for normal and average people that have enough money for a living. Any one could start an online business. It just takes that first step. There is no need to invest $100,000’s to have a huge success. Where as in earlier times, people needed huge amounts of money to start any business so that’s why people never tried making more money then they had already. They didn’t have enough money to invest so it was very hard for them to start a business unless they’ve came up with a 5 billion dollar idea. All that is gone today. Normal people go to college and you wouldn’t even believe how much money they make online while sitting with their laptops between class periods. Today you don’t need so called “business Partners” to rip you off. You do everything on your own because it’s easy to manage. I will mention that first you’ll need to get introduced to they program that you’ll be making money with. So the first advantage I picked in online business is “Investing less money,” that gives the flexibility and a chance for everyone to make thousands every month.

2.No Hassle
The second advantage in online business is obviously there is less hassle then the normal types of industrial businesses. You wake up in the morning and there’s no need to run around to get all the supplies for you store or your production company. Everything is controlled with your finger tips on your computer. Every supply is available online. No need to make 1 million phone calls a day. You focus on what you need. There’s no such thing as making interviews for a job. So this already eliminates you from hassle that lot of business people face and fail on daily. And more to add to this, you don’t have workers to pay. Nobody runs after you to get checks from you. You don’t owe no one anything they owe you, that’s how online business is. And finally you do not need to buy $100,000 tools for your business. In the normal type of business weather you would run a pizza place, auto mechanic shop, smog shop, gas station…etc. you’ll need to buy expensive tools for your business. Forget about paying others so much money, it’s time for everyone else to pay you. Do not kill yourself trying so hard to make your business work, take the easy way “online business.”

2. Easy management
Online Business makes management easy. You are the BOSS! You are the Secretary, President, vice president, editor…etc. Everything is control by you. Whatever you choose you get it. And everything is control in you computer. No special college courses or programs necessary. One of my favorite things about online business is that you do not need to hire any workers. You don’t need to waste your energy on hiring them, bossing them around, and the then firing them. Instead focus on how you could get more money online. There is no such thing as ware house or stores in online business. No managers, no workers and no $100,000 machines and tools. And most importantly no complaining for picky customers. It’s that much easier then traditional business. Everything is controlled from your computer.

4.Flexibility
Online business gives you options, styles, and more then 100’s and 1000’s of ways to make money. You are flexible. In traditional business if you want to open a pizza place you’ll need to open your store in more populated areas so you would have more customers. That doesn’t happen in online business. People will pay you from all over the world. So forget about finding the right corner or the right street so you could get lots of customers. Second, you are free to choose any type of online business you would like. There is literarily 100’s of categories to make money online. Let it be sports, cars, computers, music you name it, money will come at you from all directions. People are happy to have online business’ because they spend could time with their family and kids more. College students manage to study and at the same time run an online business. So they have enough money for paying for their classes and getting much more on top to spend and/invest. Sky is the limit, you may run more then one online business at a time. It’s much more easier to manage then the normal type of business.

5. Save Time
NO hassle, easy management, and flexibility will give you one more advantage, which is saving time. You’ll realize how good it feels to have free time because most online business require not more then 3 hours a day depending on the business type you’re in. Imagine having a business and you don’t need to run from place to place. Online businesses give the advantage of saving time. Once you have more time most people put it on their business and try to figure out more ways to get money online. Have some time for your family, friends and/or loved ones and still get the money you desire.

Jul
03
2022

Why is Personal Finance Education Important?

Credit card and personal finance education on the agenda in NJ

New legislation in New Jersey’s state government would require personal finance education including a variety of detailed explanations on credit and debt terminology and consequences for card applicants.

The bill sponsored by New Jersey state Senator Barbara Buono and passed unanimously by the Senate Commerce Committee would require lenders to register with colleges and universities annually to announce their presence on campus.

The bill would also inhibit lenders from offering a slew of freebies to young adults that sign up for a credit card.

Buono commented on the importance of personal finance education saying, “Promotional sales gimmicks and students’ own ignorance about the factors playing into their personal credit and credit card debt result in many young adults getting in way over their heads. By informing them of the facts and eliminating sales gimmicks, we can hopefully empower students to make better credit decisions.”

As the bill moves through the full senate, the Philadelphia Inquirer is reporting that campus officials generally support the measure.

Rowan University spokesman Joe Cardona hailed the bill as important legislation. At Rowan, credit card companies have been banned from on-campus solicitations for over 10 years, reports the Inquirer.

Uptick seen in personal finance education

Attendance at personal money management classes is up both in the classroom and online, but why is personal finance education important?

The Wall Street Journal is reporting significant increases to education and “financial literacy” classes that are hosted at local community spots, universities, and online from educational institutions like MIT.

Some people hoping to learn about the effects of the credit crunch, the status of the real estate market, and economic theory are apparently turning to OpenCourseWare financial tools which are much like a virtual class to learn the importance of finance.

Lecture notes, study guides and exams are available from this online offering of more than 180 business and financial education classes from nearly 250 universities globally.

High school students are also taking more personal finance education classes as the economy increasingly impacts how they will handle credit decisions in college and their plans for future careers.

Schools across the nation are reportedly realizing the importance of personal finance and making personal finance education courses and know-how a top priority.

Jun
02
2022

Is it Really Possible to Buy Real Estate With No Money Down?

I have heard many questions over the years from students about whether or not it is really possible to buy real estate with no money down. The most frequent questions I get are from mortgage brokers and realtors. Since mortgage brokers are by definition trained to fund a loan based on bank requirements like 20% down payments, then by definition anything else seems to be beyond the scope of their possibilities. It has been my experience that many real estate professionals don’t seem to understand the concept of “no money down deals”.   

Firstly, the definition of no money down does not mean “no money down”. It simply means none of YOUR money down. It could be Uncle Bob’s money, the sellers’ money, or a loan from Aunt Sally. It could also be a credit line, a private investor, hard money lender or anyone else for that matter. It is very important to understand this concept.   Now, if you were to purchase a house and put down 20% which you borrowed from your relative, then you would have purchased the house with no money down. You can call it 100% financing or whatever you want to call it. As far as the bank is concerned you put down 20%. However there is a problem with that since as many mortgage brokers will tell you, banks want to know the source of the funds. When they see that the funds are borrowed and that you have no “skin” (your money) in the deal then they will reject the loan.  

So, what is an investor with no cash going to do to get around this problem? The solution is to borrow ALL of the money to purchase the house for cash. If you borrow from Uncle Bob all of the cash then you can be a cash buyer. Cash buyers are very rare today and if you are a cash buyer then you can buy bank owned REO properties at a substantial discount to market value.   But Uncle BOB is not going to feel comfortable loaning you money to buy a house unless there is substantial security for him. Since banks loan money at loan to value (LTV) ratios of 70% Uncle Bob might be especially cautious and only agree to loan money at 60% LTV. Is this risky for him? Well it is less risky than conventional mortgages that are funded by banks. Why is it less risky? Well firstly, conventional banks loan based on a mortgage application, a credit score and an appraisal. But Uncle Bob is a little smarter than the average bank. He actually can go out to the property and inspect it himself. After all, if you don’t pay him then he is going to get the property since he has the first mortgage.   So Uncle Bob is going to need to have enough knowledge of real estate to feel comfortable that if you don’t pay him, and he gets your house that he will have a deal.

Uncle Bob is going to do his own comps and is not going to rely on an appraiser. Uncle Bob is going to spend days or even weeks investigating the property compared to the 30 minutes that an out of state loan officer looks at a file. If Uncle Bob is convinced that your deal is a good deal, then he is going to loan the money. If you are paying him 10% interest and the bank is only paying him 2% then Uncle Bob will make more money loaning on real estate compared to having his money in the bank. If Uncle Bob has done his homework then he will only fund a deal at 60% LTV or less. What this means, is that if he thinks the house is worth $100,000 he will only loan you $60,000 and no more.  

Your challenge will be to find a $100,000 house that you can buy for $60,000. Being a cash buyer will make your job much easier because 99% of the buyers that are competing with you will be looking to get a mortgage. Currently it is very difficult to get anything other than an FHA or VA loan. Cash buyers are able to buy properties directly from banks for as little as 50 cents on the dollar. This is a once in a lifetime opportunity. So start looking for “Uncle Bob” or anyone that you know that has money. Then once you have an investor lined up begin looking for wholesale real estate deals. When you find a deal the mechanics will work like this:  

House is worth  – $100,000

You purchase for – $60,000

Uncle Bob loans  – $60,000

Money out of pocket – $0  

Now that you own the house, you wait 6 to 12 months for something called “seasoning of the title” and then you go to your mortgage broker and you tell them that you want to do a refinance. You want to get a conventional mortgage at 7% to pay off Uncle Bob at 10%. The bank will require an appraisal and if you were correct in your initial assessments the appraisal should come in at $100,000. If the bank agrees to give you an LTV loan for 70% of the $100,000 appraisal, then they will loan you $70,000. Assume closing costs are $5,000, so after paying Uncle Bob back the $60,000 you are left with the following scenario:  

House value  – $100,000

Bank Loan – $70,000

Equity – $30,000

Cash left over from refinance  – $5,000  

You just purchased a house with no money down. AND you now have $5,000 in your pocket and $30,000 of equity in the house. This is called distressed real estate investing. Your challenge is not finding Uncle Bob. There are many Uncle Bob’s out there. They are called hard money lenders or private investors. Your challenge is to find a $100,000 house that you can buy for $60,000. That is the hard part. To do this you are going to need to find a distressed seller. If you can learn how to do that then you will have no problem finding the money.   Beginner distressed real estate investors think that finding the money and having good credit are obstacles to their beginning to invest in real estate. This is not true. The biggest obstacle is education. Learn and understand how and why you can buy a $100,000 house for $60,000. Understand and know what a distressed seller is and why they would sell a house for less than its current value. Then go out and start looking for a deal. When you find one, give me a call. Maybe I will buy it from you.