Check It Out! Best Blogs About Finances

Posted on August 31, 2008
Filed Under Trading General | Leave a Comment

The internet is loaded with blogs about money. Let’s face it - we need the help! We’re not taught much about money in school, and we definitely need to know a fair bit about financial issues just to keep our heads above water these days. But which of these blogs are worth reading?

I like this blog, which covers interest rates predictions, debt consolidation, refinancing, investing, reducing expenses, reducing monthly payments, vehicle refinancing, and wealth creation. There are some very thoughful posts in here, and it’s rare that you find a money blog these days that actually says something you don’t already know. Well, it’s rare for me, and I am sure it’s rare for you, my discriminating reader, as well.

Some blogs try to cover to broad an area, and you find posts about basketball and baby poop interspersed with the financial articles. This one is not like that. It’s broad in the range of financial topics it tackles, but remain focused on money, finances, and investing.

I don’t like to play favorites, but this new blog is shaping up to be one of mine, I think. It’s pretty comprehensive, tackling interest rates predictions, debt consolidation, refinancing, investing, reducing expenses, reducing monthly payments, vehicle refinancing, and wealth creation, and I am looking forward to seeing how it develops. I think you need a broad mix of topics to truly cover planning for financial independence, and a range including interest rates predictions, debt consolidation, refinancing, investing, reducing expenses, reducing monthly payments, vehicle refinancing, and wealth creation is just the ticket.

I like the references to authors like Suze Orman - it’s always good to see bloggers making references of any kind, rather than spouting opinions as though they have sone God-given right to give advice ex cathedra. And Suze’s advice is good and solid, timeless no matter what chaos is breaking loose in the financial markets.

I’m deviating a little here, because generally I go for broad-based money blogs which offer a selection of topics, posting about interest rates predictions, debt consolidation, refinancing, investing, reducing expenses, reducing monthly payments, vehicle refinancing, and wealth creation. In this case, though, I’m making an exception. Sometimes, a tightly focused blog can give you more detail than a broader blog, and that can be very valuable in itself.

This is a blog about credit cards - credit cards, debt consolidation, gift credit cards, credit card interest rates, best credit cards, credit card debt, credit card payments, credit card issuers, and how to reduce credit card debt. When you take a topic like credit cards, it is quite fascinating to delve into the depths of knowledge about a laser-focused topic. Gift credit cards, for example - I had never given them a second thought, but the pitfalls there are incredible! Credit cards are one of the largest financial hurdles in our modern life, and one of the most poorly-understood mass financial instruments. Any education about credit cards is good, but this blog is particularly comprehensive.

In general, I would recommend keeping an eye on the blog at moneytalksabout.com/blog. This blog pulls together RSS feeds from several other good quality money blogs, which saves time and effort in surfing around the internet to each blog, and the posts which are made directly to the Money Talks blog itself, in between the syndicated posts, are always good value.

I think that most consumers could benefit from reading about interest rates predictions, debt consolidation, refinancing, investing, reducing expenses, reducing monthly payments, vehicle refinancing, and wealth creation on a regular basis. Money blogs are not the only way to gain this information, but they are convenient, provide bite-sized chunks of information, and if you choose well, provide reasonable quality information.

Of course, this handful of recommendations is hardly the be-all and end-all of money blogs. New money blogs come into existence every day, and there will be hundreds of undiscovered gems available elsewhere. Feel free to add a comment with the URL of your favorites, and why you like them. We can all help one another to sort the wheat from the chaff, and together we can pinpoint the best money blogs to be reading today.

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New Blogs You Need To Read

Posted on August 30, 2008
Filed Under Trading General | Leave a Comment

There is no way to read every blog about money. In fact, I doubt there is any way even to count them all. The best one can do is sample them. As part of my non-comprehensive random-walk survey of money blogs online, may I present a small selection of the results for your delectation. I have avoided the obvious mega-blogs powered by media and other vested interests - who wants to read more of that rubbish? Read them at your peril. But apart from that, this selection ranges from the tiny and specific to the eclectic and very amusing. Enjoy.

I have been reading a fairly comprehensive blog about saving money, investing, reducing debt, paying off credit cards, creative refinancing ideas, interest rates predictions, debt consolidation, refinancing, investing, reducing expenses, reducing monthly payments, vehicle refinancing, and wealth creation. The general level of intelligence in the posts is a notch above the average internet page. One of the problems with the internet is that any fool can write and publish any article on any topic, and Google’s quality checking alogrithm doesn’t measure the intelligence of the content, just its relevance and uniqueness.

This blog has some good thoughts, reasonably well expressed, and that sets it head and shoulders about the average Adsense-financed “wall of words’ junk content that is proliferating around the internet on a daily basis.

Here’s a neat little blog covering a range of financial topics including how to save money, ways to earn extra money, how to reduce debt, how to reduce mortgage payments, ways to reduce credit card debt, and how to become debt-free. It’s pretty new, so we shall see how it develops, but the start is promising. There is some original thought going in here - I know! Remarkable, isn’t it?

The advice is good, solid, reliable advice based on financial fundamentals, not the fad of the day or the latest get-rich-quick scheme. You can bookmark and return to posts and find them just as valuable weeks, months, or years later. This is education rather than entertainment or space-filling, and all too rare in the online mental junk food industry.

This is a variation in strategy, a blog about saving money, reducing debt, creative refinancing ideas, interest rates predictions, refinancing for debt consolidation, mortgage refinancing, reducing expenses, reducing monthly payments, and vehicle refinancing. Normally, I prefer blogs about a variety of financial topics, because financial independence requires a strategy across all aspects of one’s financial life, so a blog about saving money, investing, reducing debt, paying off credit cards, and creative refinancing ideas is more likely to add value than a blog about one specific aspect of finances.

I am making an exception in this case, because the mortgage is usually the largest financial commitment a person makes, and managing a mortgage well can make the difference between financial independence and a lifetime of indentured slavery. Many of these posts are very educational, well-written, and easy to understand, and mortgage finance is one area where the average consumer could do with being much better educated - just look at the foreclosure rates!

In general, I would recommend keeping an eye on the blog at moneytalksabout.com/blog. This blog pulls together RSS feeds from several other good quality money blogs, which saves time and effort in surfing around the internet to each blog, and the posts which are made directly to the Money Talks blog itself, in between the syndicated posts, are always good value.

I think that most consumers could benefit from reading about saving money, investing, reducing debt, paying off credit cards, and creative refinancing ideas on a regular basis. Money blogs are not the only way to gain this information, but they are convenient, provide bite-sized chunks of information, and if you choose well, provide reasonable quality information.

Of course, this handful of recommendations is hardly the be-all and end-all of money blogs. New money blogs come into existence every day, and there will be hundreds of undiscovered gems available elsewhere. Feel free to add a comment with the URL of your favorites, and why you like them. We can all help one another to sort the wheat from the chaff, and together we can pinpoint the best money blogs to be reading today.

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6 Suggestions For Locating A Great Foreclosure Investment Property

Posted on August 29, 2008
Filed Under Real Estate | Leave a Comment

Finding a good foreclosure investment property is about more than grabbing the first bargain at auction you see. A smart investor considers property quality, location, neighborhood amenities, title liens and much more before jumping into a foreclosure investment.

For information on what to look for in a good real estate investment property, keep reading.

The Fewer Foreclosures, The Better

Don’t buy a foreclosure property in an area that’s riddled with foreclosures. Property values in that area are only decreasing and you’ll have a hard time reselling the property if you’re competing with other foreclosures and short turn-around sales.

Location, Location, Location

Location is key and about 90 percent of every real estate decision. Look for an area with a healthy property value, properties that are actually appreciating in value, good schools and proximity to desirable amenities.

Remember, you can always change the house, but you can’t move the plot of land on which it’s sitting.

No Residents in the House

Most foreclosure investment properties are sold vacant, meaning the bank or lender has already evicted the previous homeowners from the premises.

However, if you purchase a foreclosure property and the previous owners are still living in the home, you will be responsible for evicting them - an undesirable task at best.

This means, you’ll be responsible for the long, expensive and incredibly taxing eviction process. So, look for a property that is not only listed as vacant, but also confirm that fact for yourself before you take over the deed.

No Liens

Ask for a Warranty Deed that states the property has no other liens on it in the form of outstanding taxes or possible building code violations.

Have the Property Inspected

Most foreclosure investment homes and properties are sold “as is.” This means the bank selling them makes no guarantees about the condition of the property, its ability to meet building standards or the land on which it sits.

This is why a good and thorough house inspector is crucial to any foreclosure investment purchase. A quality inspector can tell you, for example, if you’re going to be saddled with a $10,000 roof repair or a termite problem that’s not going to go away.

See The Potential

Don’t walk away from a property just because it doesn’t look good or grab the eye. Instead, look at every property and see the potential, asking yourself how you could improve it with just $1500 or even $500. From washing to a good paint job, you’ll be amazed how far a little investment can go.

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How to Perform Investment In Forex - Helpful Advice

Posted on August 28, 2008
Filed Under Forex | Leave a Comment

A choice is a stairs which is lifting a person to the top. Each step is driving you to the more choices. Investment is not an exception. This event came to civilization’s life in macroeconomics scales, and today almost everybody can afford it. How to figure out what to choose and can we choose it by ourselves without specialist? How not to loose a money, how to get a maximum profit, doesn’t matter if this is investment in forex or something else?

The first mistake which can be considered as the most terrible for a future investor -Typical mistake number one is conception of what is needed to start an investing. It concerned to those people who have a constant income. All of us belong to future investors. But, not everyone understands that you should think about investments not when you have saved up a lot of money on your account, and it’s more than you can spend. Not when your income is more than millions. And not even when you were given a large inheritance. You should think about investment right now.

First of all, because of investments - are the ultimate aim. On some period of time, the sum of your money(money supply) is increasing so much that to earn more money makes no sense. You will have enough money for your life, and probably for your children’s life - too. You need to use these money. And they will work by themselves. So, investment life, is always the ultimate aim.

The second is that there are possibilities, at this moment, when investing can be started from a 1 cent. This is correct. At the same time, we can start from an example. The gambling. Quite right, we want to say, that it’s investing. Come up to playing machine, drop in a coin. You can get a profit to 1000% of income! But, you should pay your attention that these investments have a level of the risk, about 98%, and only in 2% of cases your investments will bring you a profit. In other cases - you will loose. Besides, it’s hard to decide something in such kind of investments. There is no system. You can count only on a fortune.

The level of a risk - is the dominant key. That is why many people who want to invest money into Forex start learning currency trading to understand the risks better. Very often it is the determinant for a minimal sum of deposit. If the minimal sum of deposit is 10 000$, the risk is about 10%. At the same moment, not the whole sum is in kitty and you are about to loose your money. More or less. Buying a company (successful) on the market for a few million dollars, chances that you will not get a profit are arranged about a very small rate.

It is possible to lower the risks at the expense of your role in active investment, without raising the sum of deposit (in other words, the minimum for investing). The active investment, unlike passive investment, looks more like work, than like investing. So, you have to work it out. But, this work is directed to make an investment. This is trading. Of course, the trading with your money; with the help of forex buy sell signal or another option. If you are trading with investor’s money, so you probably are wage earner. This is your participation in high yield investment programs and in different multi-level marketing projects. You are building your downline by yourself, finding affiliate, but then you are getting percents. Here you should always watch out, here you have to analyze. We are talking not about the one investment into a million, but about a million investments with a one dollar. At the first time the risk is very high, perhaps, in 70% of cases you will loose. But, thanks to skills and careful method, you can cut it down to 30%, that can be acceptable, if to take into account, that you are risking with a small sums.

As a result the main thing - is to want it. If you already have 10$ you can get your first passive income. Take a look around and go head!

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