Financial Planning, Family Planning & Financial Success

Learn why Financial Planning and Family Planning go hand in hand for those who desire Financial Success throughout their lifetime…

 

Isn’t it time you let go of your thoughts that make you weak and embrace the thoughts that make you strong!  In this discussion TheWealthIncreaser.com will show you how you can use the power of your mindand the right action to effectively plan your and your family’s future so that you can make life more enjoyable while you are here on planet earth.

 

It is important that you educate yourself so that you can take appropriate action in your financial future.  Or, another way of looking at it is you must take an intelligent, consistent and proactive look at what you desire to occur in your financial future.

 

You can attain more joy and fulfilment in your life by asking the right questions about your financial future at this time.  You must be strategic about your future and use what will help you achieve your goals more effectively—and more efficiently.

 

You don’t have to confront your future in an emotional or random manner where any direction at that moment will satisfy you!  Isn’t it time that you pursue a future that can not only lead you to phenomenal financial success, but one that also allows you to spend more time enjoying life and positively shaping the future of your family, friends and society?

 

It is the desire of TheWealthIncreaser.com that you will start on a path (go only in the direction that will lead you to true success) today that will allow you to do just that—and more!

 

Financial Planning

 

The decision by you at this time to analyze your finances in a sincere manner can lead to you reaching your goals in a timely manner.

 

Financial Planning is a process that can benefit many, however very few actually “get out in front” of their finances in a proactive manner (before something bad happens or before they feel they are forced to do so) so that they can achieve more.

 

TheWealthIncreaser.com asks that you take an introspective look at your past, your present and your future so that you can begin to seriously plan for the success that you desire.

 

Family Success

 

You can achieve your goals earlier and have a definite feel of what you can do at a particular time in your life (while you raise your kids) by creating a written plan of action at all of the major levels of your finances.

 

The ability for you to send your kids to private school, take yearly vacations, go on weekly family outings, reach your investment goals, reach your retirement goals and reach many other goals that are unique to what you and your family want to achieve—will come into clear focus once you write down and formalize the action that you need to take.

 

By writing down what you desire to occur you can put yourself in position to reach many of your goals and help actively raise your kids.  You will know with more certainty what you can do at particular points in your life!  You can help prepare your children for their college years and you can nurture them along the way with confidence because you will have the knowledge and practical understanding of what you can do on monthly, annual—and long-term basis!

 

Financial Success

 

Your ultimate financial success will depend on what you have done on a daily basis to prepare yourself and your family for the future that you desire.

 

By effectively creating a cash flow statement or budget, mastering your credit at a level that is the best that is within you and analyzing and addressing your finances in a comprehensive manner—you set yourself and your family up for the ultimate success that you desire.

 

Conclusion

 

You can go about your life without planning for your and your family’s future (or inadequately planning) or you can choose a comprehensive, intelligent, consistent and proactive approach that has the potential to help you see in clear terms what you can do at the various stages in your life.

 

By using your heart and mind to plan for your and your family’s future success you are embracing the thoughts that make you strong! 

 

You are positioning your mind for success on the front end and you are getting out in front of your finances in a way that will lead to true success.

 

In a nutshell you are making up your mind to give it your best and you are actively putting yourself in position to nurture your nest (helping to cultivate positive results for your family)!

 

All the best to your lifetime of success…

 

Return to Top

 

Return From Financial Planning, Family Planning & Financial Success to Financial Statements

 

Return From Financial Planning, Family Planning & Financial Success to Mastering the 5 Credit Factors

 

Return From Financial Planning, Family Planning & Financial Success to Finance Improvement

 

Return From Financial Planning, Family Planning & Financial Success to Author Central

 

Return From Financial Planning, Family Planning & Financial Success to Who is the creator of TheWealthIncreaser.com

 

 

Personal Credit Makeover & Wealth Building

Learn how a Personal Credit Makeover  can help you Build Wealth more efficiently…

 

Improving your credit in the current economy has been the goal of many over the past few years and particularly since the major market downturn of 2008.  Those of you who are in need of a credit makeover often wonder—exactly where do I start.

 

After hours of contemplation and re-arrangement in our last discussion in order to make the topic understandable to the largest number of people possible,  TheWealthIncreaser.com will try to concisely explain how you can have a personal credit makeover that can position you and your family properly–so that you can experience wealth building throughout your lifetime in a more efficient manner.

 

As you pursue your personal credit makeover or start on a path to establishing and/or improving your credit—there are critical questions that you must ask yourself (and answer appropriately) prior to even getting started!

 

3 of the most critical questions that you must ask yourself are:

 

1)      What can I do about my current credit position?

 

2)      What am I going to do in regards to my current credit position?

 

3)      What do I desire to achieve and more importantly “how” will I go about achieving what I desire to achieve in my credit and financial life?

 

You must answer those questions in a careful, analytical, accurate and critical manner.  As you journey on your path to managing your credit in a more focused and highly beneficial manner you must ask yourself the following questions and come up with real solutions that must be catered to your unique goals and outcomes that you desire as you work diligently to improve your credit.

 

1)      What can I do about my current credit position?

 

It is important that you ask yourself that question and it is important that you have an appropriate answer to that question.  You must search out and find the best ways to achieve your goals—or you must find a way that will work for you—that will lead you toward making your dreams come true.

 

Do I have a blueprint in my mind of the steps that I can take to achieve in a more efficient and effective manner and improve my current credit position in a definite manner?  Now is the time for you to answer and address those questions in as a sincere manner as possible.

 

2)      What am I going to do in regards to my current credit position?

 

What are the concrete steps that you are going to take as a result of your credit education that you have attained throughout your lifetime and that you are mastering at this time?  Are you at a point in your life where you are determined to take consistent action in a sincere manner

 

Now is the time that you force your mind to answer this question honestly and then you must take the action (or inaction) that you have decided to take!  You cannot half-heartedly approach your personal credit makeover goal and you must realize that it is your consistency in action that will lead to you taking on another role!

 

3)      What do I desire to achieve and more importantly “how” will I go about achieving what I desire to achieve in my credit and financial life?

 

Do you want to improve your credit to a level that allows you to do what needs to be done to reach your goals?  If so, you must have a comprehensive plan that takes you toward your goals.  Once you reach your credit goals you must not stop—re-imagine your life and go about achieving at your highest level of excellence while you are here on earth.

 

You must have the preparation and knowledge that is needed so that you will know how (the steps that you need to take) you will go about improving your credit and building wealth more efficiently!

 

Conclusion

 

By creating a cash flow statement or budget—cutting expenses and living beneath your means for a limited time you can put yourself in position to pay off or pay down your debt and begin to make your money grow.  By thinking at a higher level on a daily basis and using your creativity—and this page—you can set yourself and your family up for a lifetime of success.

 

You don’t have to make first-time mistakes, you can learn from others how not to do it—you can learn from this site how to do it right and you can learn how to create systems and develop strategies that will take you toward your unique goals.  And always realize that hope is not a plan but it is a good starting point.  You must make it a point to consistently remain active and engaged as you pursue your goals!

 

You must always realize that after your credit makeover when you apply for a loan, lenders typically assign interest rates based on what bracket your score falls into.  If you plan on purchasing a car, home, insurance or even seeking new employment—many lenders are using credit scores as a “first look” to see how responsible you are.

 

You must also understand that the most widely used score comes from a company called FICO.  Your actual credit score will fall in a range from 300 to 850 based on the FICO weighting factors—and the higher your number, the better.

 

You want to aim for anything over 740 (is considered excellent) because it will qualify you for the best rates.  If your score is below 640, you’ll pay much higher rates on loans and credit cards, and some lenders will even deny you a loan.

 

Even a small drop in your credit score can make a big difference in what you’ll pay for credit in the current economy. If you have a score of 640 you could possibly get a 30-year mortgage at 4.3% at today’s rates; if your score was 730 you’d qualify for a loan at just 3.5%.

 

That’s over a thousand dollars a year less in interest, or over $30,000 over the life of your loan that you would pay!

 

Your credit score is generated based on the information in your credit report. The way your FICO score is calculated is not precisely known but the way in which FICO weigh the various factors are known:

 

35%    Negative information or payment history

 

30%   Utilization or amount owed

 

15%    Time or length of history

 

10%   Type of credit used

 

10%   Inquiries or new credit

 

After your mastery of the credit factors and this page, don’t forget that it is also very important that you not allow adversity  to destroy your commitment level and your determination to continue even when you face setbacks.  Faith and patience go hand in hand when you are facing adversity!  You also need a written plan of action that will take you to a place that you know you need to go—or that you want to go.

 

In the end it will be your faithpatience and a plan of action that you believe in that will take you to where you should be.

 

By knowing that you can get through any adversity that you face and realizing that better days lie ahead—you position your mind to take the necessary action that will lead you toward your goals!

 

You must always realize that you must confront your reality in order to change your reality.  You cannot go along in life hoping that things will change or going along with the flow (taking what life dishes out at you).  It is imperative that you at this time make the decision to confront what you need to confront and know that success lies in the horizon.

 

The bad decisions that you have made in your past and that you may make in your future must not deter you from taking action now.   By making the decision to give it your best in all that you do–you are setting your heart and mind up for making your dreams come true.

 

It is important that you understand that it is how you learn from your challenges and bounce back–knowing  that the success that you desire lies ahead if you continue to believe–and continue to achieve!

 

You must always know that you can get through adverse situations—just as you have done in past situations that looked bleak at a particular time in your life.

 

By doing so—you put your mind on a path to real success and you put your mind in a more “joyful mood” even while you travel through adverse situations.

 

All the best to your personal credit makeover and wealth building success…

 

Return to Top

 

Return From Personal Credit Makeover & Wealth Building to All About Credit

 

Return From Personal Credit Makeover & Wealth Building to Action & Personal Finance

 

Return From Personal Credit Makeover & Wealth Building to Goals & Personal Finance

 

Return From Personal Credit Makeover & Wealth Building to Finance Improvement Page

 

Return From Personal Credit Makeover & Wealth Building to Who is the creator of TheWealthIncreaser.com

 

 

 

How to Make Your Home Sell

PRICE, SMELL, LOOK OF HOME AND WORDS THAT MAKE YOUR HOME SELL…

 

With the Home Buying Season in full swing TheWealthIncreaser.com thought that a helpful page that could help you prepare your home for the current market was in order.

 

In the end you must always remember that the right price, curb appeal, how your home smells along with what you (or your real estate agent) say about your home is critical if you desire to sell your home in a timely manner.

 

PRICING YOUR HOME

 

By pricing your home right–right from the start you help get your home sold faster and in a way that is more beneficial for all parties concerned.

 

It is important that you realize that the final listing (the price that you decide to sell with a real estate agent on the listing agreement) and selling price is your choice in the end.

 

However, if you decide to list too high—some real estate agents won’t take your listing because they know that the price is unrealistic and they know that an over-priced listing will have a negative effect on their reputation/brand and more importantly will not get you the sale that you desire.

 

CURB APPEAL

 

It is important that you realize that the exterior of your home determines if many potential home buyers will even want to enter your home, therefore it is important that your exterior is in the best position possible because potential buyers form an opinion of the value of your home based on the exterior.

 

If the exterior is not up to par in a potential home buyers mindthey will feel that the inside has been neglected even if it appears that there has been no neglect.

 

The curb appeal of your home is the first impression that a home buyer gets and it is important that the first impression is a positive one.  Many real estate agents often preview a home prior to showing the home and in some cases just a drive by is donebecause they realize that if the curb appeal does not meet the standards of their buyer they won’t even enter the house.

 

SMELLS OF YOUR HOME

 

The hard reality is that the smell of your home plays a larger role in successfully selling your home than most home sellers realize.  The “sense of smell” is very important to almost all buyers as it is a sense that goes to the brain immediately and affects the brain immediately (creates a positive or negative experience) in most potential home buyers mind.

 

Use one of the following scents to help neutralize odors in your home.  Multiple combinations don’t seem to work as well as just one scent based on experience that Realty 1 Strategic Advisors has had over the years while assisting home sellers.

 

Cinnamon or Cedar

Lemon

Orange

Vanilla

Extract of Pine or Basil

 

Prior to putting your home on the market for sale be sure to:

 

  • Wash all bed covers and wash or dry-clean drapes

 

  • Clean windows and blinds thoroughly–replace if necessary

 

  • Clean bath and kitchen areas thoroughly–including sinks, tubs and trash compactors

 

  • Have the carpet and ventilation system cleaned or, if necessary, replaced

 

  • Mop hard-surface floors with a lightly scented or unscented cleaner mentioned above

 

  • Scrub the bathrooms top to bottom, again being careful to use lightly scented cleaners or to allow time for the room to air out prior to putting your home on the market

 

  • Store old shoes in plastic boxes with lids and store other items in storage if clutter is an issue in the presentation of your home to potential home buyers

 

  • Wash pet and pet bedding thoroughly

 

  • If possible, move pet items and litter boxes to a garage or other area that is away from the main living areas

 

  • Clean walls, baseboards and ceilings–paint if necessary but allow house to air out the paint smell prior to putting your home on the market

 

  • Clean ceiling fans, chandeliers and lighting fixtures

 

 

When you are trying to sell your home for the best price in the least amount of time you want to create an atmosphere that says to the potential buyer upon entry that the scent in the home is familiar but not too overbearing.

 

When preparing a home for sale, homeowners (you if you desire to sell at this time at the best price possible) need to remove or clean the sources of any bad smell– including trash, cooked food, dirty home appliances, clothing and shoes, pets, smoke and mold – even un-cleaned air vents can cause potential home buyers to frown.

 

MARKETING OF YOUR HOME

 

By stating that you have a fenced backyard, a split floor plan, a master  bedroom on the main level, a split bedroom or floor plan on the main level, laminate or hardwood flooring, an updated kitchen, a finished basement, a home that is move in ready, a home that has recently had landscape improvements, a home with an open floor concept, a home that is single story with no steps, a home that has a natural daylight environment, a  home that has a kitchen foyer, a home that has stainless steel appliances, a home that has vaulted or high ceilings, and/or any other highly descriptive details that apply to your home that gives a potential home buyer a better mental picture of your home–that will “aid in the showing” and “ultimate selling” of your home in the current market.

 

Fenced yards, quartz counter-tops, and flooring with natural stone tile is very popular for homes priced 250 thousand dollars and up.  For luxury homes–golf course, gourmet kitchen, acres, two stories, custom built, ceramic tile, formal dining room, large kitchen, granite counter-tops, first floor etcetera are popular buzzwords that help homes sell at a more rapid pace.  However keep in mind that the higher end homes are taking longer to sell in most markets across the United States.

 

A highly skilled selling agent will help you craft powerful word combinations and phrases that can help you get your home sold faster and at top dollar.

 

CONCLUSION

 

Prior to putting your home on the market AT THE RIGHT PRICE AND CREATING AN INVITING ENVIRONMENT FROM THE OUTSIDE (CURB APPEAL)  take the time to clean out your home in a thorough manner.  If you are not up to the task pay a cleaning company–it could be money well spent as you will normally more than recoup the amount spent when your home is sold.

 

By cleaning your home thoroughly it will help permanently remove scents in your home that might be of concern to home buyers. 

 

In addition it is just plain good living to clean your home regularly so that you can avoid stale or undesirable odors that can linger in the air–however if you don’t clean regularly you may not realize that the odors are lingering!  When you decide to use a fragrance–use one that can help neutralize odors without being overbearing.  Furthermore, by cleaning your home on a regular basis you help maintain and/or improve your and your family’s health.

 

In addition be sure you are aware of environmental concerns both inside and outside of your home!

 

Always keep in mind that the sense of smell is the “strongest of all of our senses” and it is important that you get this often overlooked area of preparing your home for sale–right.  Don’t run away potential buyers by having a home with a bad odor.  Help ensure that buyers will connect with your home by having the “sense of a bad smell” removed from their list of objections to your home.

 

Be sure to change the filters in your ventilation, heating or air conditioning system prior to putting your home on the market to help avoid allowing a smell to circulate in your ventilation system. This will not only deter lingering smells throughout your house, but it will help keep those systems working better and longer.

 

Also, check air vents and wall outlets as an odor source, because there may be a rodent, pest or something else in the wall that might be causing your home to smell.  As an added step make sure your attic is neat and in good order–clean or repair if needed.   In addition take a thorough look at your roof from inside the attic with a high beam flashlight to ensure that there are no water leaks or other obvious damage.

 

A pre-listing home inspection might also be a worthwhile investment depending on your property and your level of upkeep during your ownership.

 

Finally, realize that by using powerful word combinations to market your home–you can possibly put yourself ahead of the competition in your market and that could be the decisive edge that you need to get the showing and ultimate sale at  a competitive price that allows you to pursue your other goals that you have after your successful selling of your home.

 

While you can’t do anything about other homes going on the market for sale this year–“you” can take the steps mentioned in this discussion to help your home sell in a more timely manner–and at top dollar.

 

All the best to your timely home selling success…

 

 

Return to Top

 

Return From How to Make Your Home Sell to Re-Focusing Your Mind for Success…

 

Return From How to Make Your Home Sell to More Home Selling Tips…

 

Return From How to Make Your Home Sell to Curb Appeal & Selling Your Home

 

Return From How to Make Your Home Sell to Home Owner Tax Breaks & Strategies

 

Return From How to Make Your Home Sell to Home Loan News

 

Return From How to Make Your Home Sell to HOME SELLER 411 The Smart Guide to Selling Your Home

 

Return From How to Make Your Home Sell to The FIZBO Manual (For Sale By Owner Selling Guide)

 

Return From How to Make Your Home Sell to Who is the creator of TheWealthIncreaser.com

 

Vision & Wealth Building

Learn how seeing your wealth building future with more clarity helps you achieve more…

 

Did you know that your vision of the NOW, your vision of the HOW, your vision of the THEN and your vision of the WHEN provides you more clarity and helps you direct your financial future at a very high level?

 

Although not in a blogging mood, TheWealthIncreaser.com was presented with this uncanny and unusual topic with the speed of a bolt of lightning and the vision of this page was made clear in a manner that TheWealthIncreaser.com had to act.

 

In a similar manner that the inspiration to create TheWealthIncreaser.com came—so too did the inspiration or vision to create this page on this day occur!

 

Your Vision of the Present or What You Can do NOW Must be Made Clear Inside of Your Mind

 

Your precise understanding of where you are now at financially is a critical element to you achieving more in a timely manner during your lifetime.  You must know your monthly inflow and outflow of cash and you must know at this time if you have excess income (discretionary income) to work toward your vision of the future that you desire for yourself and your family.

 

If you are currently spending more than you take in on a monthly basis that must be corrected and you must see yourself making the right decisions as it relates to the monthly management of your finances.

 

You must know your current credit position NOW—and make improvements or adjustments where and if necessary!  You must know your “money management style” and do what you can do “at this time” to improve your money management as best you can and in as “comprehensive a way” as possible.

 

Your Vision of HOW You Will Achieve What You Desire in Your Future Must be Made Clear Inside of Your Mind

 

You must have a clear vision of the “steps that you need to take” or you must know within your mind how you will achieve the goals that you desire.  Will you put a written plan in place that will provide you more direction?

 

Will you approach the steps that you need to take in a sincere manner—or are you just kidding yourself?   You must have a serious approach and you must know how you will move toward taking the steps that you need to take.

 

Your Vision of Accomplishment Sets You Up for the THEN so that You Can Pursue Other Goals or Visions that You May Have

 

Once you achieve your goal or vision that you saw—will you come up with more inspiring goals or continue to pursue other goals that you already had in mind and committed to writing?

 

Once you begin achieving the goals that you saw in your mind on a number of occasions you can get momentum on your side and use that momentum to achieve more in a more definite way.

 

By Seeing Your Present & What You Can Do NOW, Knowing HOW You Will Do What You Need to Do and THEN Accomplishing What You Saw In Your Mind You Will Know WHEN You Can Achieve a Number of Goals and Live Out Your Life in a More Comfortable Manner

 

By putting it all together within your mind (knowing what you can do now, knowing how you will do what you will do now and accomplishing what you set out to accomplish on a number of occasions) you can know WHEN you can start enjoying life in the manner that you envisioned.

 

That yearly vacation that you always dreamed of, that vacation home that always seemed to be beyond your reach, the payoff of all of your creditors that you once only dreamed of—or many other goals that are “uniquely” your own, can now be accomplished in a possibly reasonable and realistic time frame because you took a committed look at the HOW and NOW and the THEN and WHEN as it related to your financial future.

 

CONCLUSION

 

You have the ability to know WHEN you can start enjoying life on your terms if you put together a written plan for success that you formulate (or formulate with others) at this time.

 

Your clear vision of HOW you will achieve at a higher level will give you added clarity that can “take away the stress of managing your finances more effectively” throughout your lifetime—possible.

 

It is the desire of TheWealthIncreaser.com that this page has provided you with some clarity as to how you can jumpstart the management of your finances and achieve at your highest level of excellence.

 

All the best to your new VISION for Success…

 

Return to Top

 

Return From Vision & Wealth Building to Who Is the Creator of TheWealthIncreaser.com

 

Return From Vision & Wealth Building to Mastering the 5 Credit Factors so that You Can Achieve Your Dreams

 

 

Timing & Wealth Building

Learn why your thought process, intelligently attacking your finances, obtaining the right knowledge and putting in the required effort is critical for your success at this TIME…

 

Your point of view “at this time” is more important than your opinion when it comes to “TIME” management and effectively building your wealth!

 

Did you know that how you look at or see your future at this TIME–in large part determines if what you see will materialize in your future?

 

In this discussion TheWealthIncreaser.com will discuss how your mental focus and thought process is critical for your future success.

 

It is important that you act on the future goals that you want to see in your life and it all starts with imagining that the future goals that you see will happen in “real time.”

 

How do you view your future at this TIME?

 

What are your daily Thoughts as it relates to your finances and your financial future?

 

Do you have an Intelligent view of the future for yourself and your family?

 

Do you have the Mental Working Knowledge that is needed to implement an effective plan of action on a consistent basis?

 

Are you willing to put in the required Effort at this time that can lead to more success for you and your family?

 

In the following paragraphs TheWealthIncreaser.com will show you ways that you can spend your TIME doing what can take you toward your future financial goals in a more timely and effective manner so that you can take control of your life and achieve at a higher level throughout your lifetime.

 

Thoughts

 

Intelligence

 

Mental Working Knowledge

 

Effort

 

The TIME is now for you to successfully change your habits for the better so that you and your family can achieve the dreams that you desire in any kind of weather (regardless of the season in your life).

 

You must plant seed (create powerful thoughts inside of your heart and mind), water (gain the preparation that is needed) and bear fruit (reach the powerful thoughts that you imagined inside of your heart and mind) in real time by taking the necessary action on a consistent basis!

 

Thoughts & Wealth Building

 

Your daily or constant thoughts are the birthplace for you to manage your credit and finances at a higher and more beneficial level.

 

You must think about how you can manage your credit and finances more effectively AND then put a written plan in place that will take you toward the goals that you have thought about.

 

You must have the preparation and knowledge of what you need to think about as it relates to your finances so that you can achieve the goals that you need—or desire to achieve.

 

Never underestimate the power of your daily thoughts and your dominant thoughts as they are the starting point for making something big happen—including building your wealth more efficiently.

 

Intelligence & Wealth Building

 

By intelligently looking at your wealth building goals on the front end (prior to making the wrong moves) you can proactively gain the knowledge that can make your wealth building efforts happen in a more stress free environment.  It is critical that you dream big—and have every intention on reaching that big dream!

 

The environment that you create within your mind will determine if you are in a fertile or a desert environment.  By planting in fertile soil at this time you are intelligently planting (whoops–planning)  your future and enhancing your likelihood of success throughout your life when it comes to wealth building.

 

Mental Working Knowledge & Wealth Building

 

Your thoughts and your ability to intelligently understand your vision of your financial future in clear terms at this time–serves no real purpose if you do not have a system that allows you to formulate your thoughts into written plans that you will follow diligently until you reach your and your family’s  goal(s).

 

You must put in action what you thought about in an intelligent manner.

 

That means excuses, worry, anxiety and fear must not be a part of your mindset.  By putting into action what you are moving to accomplish you put yourself on a more definite path as you build wealth.

 

Effort & Wealth Building

 

It is very important that you realize that it will take increased effort to reach your goals!

 

You must have the physical, spiritual and mental endurance and you must realize that adversity may occur—however you must respond to adversity in a manner that will still move you forward.

 

Conclusion

 

Your understanding of what you can do at this TIME means that you understand fully the importance of the following:

 

The role that the Thoughts that go through your mind on a daily basis have on your future outcomes–regardless of where you are from.

 

You know the importance of Intelligently attacking your finances and using “your imagination” in more creative ways–and in ways that can lead you toward success in a real way–starting today.

 

You know the necessity of why you must gain the Mental Working Knowledge that is needed that will allow you to achieve at a higher level and truly reach the higher end of the spectrum as far as applying what you know–so that you can achieve results that will show.

 

You realize that it will take increased Effort on your part–if you desire to achieve at your highest level of excellence and reach the goals that will serve your and your family’s best interest–and sincerely get you off on the right start.

 

It is important at this TIME that you manage your “TIME” in as an effective manner as possible.  You must not do like others who seek the easy way out, are lackadaisical or lazy toward the management of their finances and/or life, or show indifference toward their finances or think it is someone else’s responsibility to manage their finances.

 

All of the above “negative actions” operate against the effective management of your TIME and the ultimate success that you can attain during your lifetime and make reaching the “ultimate success” that you desire far more difficult than it should be.  It is critical that you fully understand that the “time” to begin “effectively managing” your finances—and time—will never be to your liking!

You must jump into the “personal management of your finances” at this TIME if you are one who seeks the easy way out, have been lazy toward your management of your finances, have or currently take an indifferent attitude toward the management of your finances—or you display any other negative quality as it relates to learning a more effective way of managing your finances.

 

If you are one who desire more success in your future you must obtain more of the right knowledge that will take you in the right direction and toward a more definite path toward success.

 

With the right mindset and an effective plan of action—along with your willingness to take the necessary action on a consistent basis you can work toward reaching your goals in a more timely manner and do what you enjoy doing on a daily basis–or doing what you were really put on earth to do.

 

All the best to making your TIMELY dreams come true…

 

Now that you know all of the above it is the desire of TheWealthIncreaser.com that you will take action and achieve success at a level that is your absolute best…

 

The TIME is now…

 

Return to Top

 

Return From Timing & Wealth Building to Who is Thomas (TJ) Underwood

 

Return From Timing & Wealth Building to Ultimate Success & Wealth Building

 

Return From Timing & Wealth Building to Who is the Creator of TheWealthIncreaser.com

 

2017 Home Buying Season Tips for Success

Learn how you can make your home purchase a more successful and enjoyable experience…

 

As the 2017 home buying season kicks in, TheWealthIncreaser.com thought that a helpful page to help those who are entering into the home buying arena for the first time was an appropriate topic of discussion that could help many aspiring homeowners make good decisions in the home buying process that could put the power of a home purchase in their hands—and not in the hands of creditors and others who have no real concern for their and their family’s future.

 

Where do I start in the home buying process?

 

As a potential homeowner your first step is to look within and determine if purchasing a home will serve your best interest on a number of fronts.

 

Do you know and understand your responsibilities as far as owning a home is concerned?

 

Are you ready to pay homeowner’s association fees, homeowners insurance, taxes, lawn maintenance, home upkeep and confront all of the potential emergency situations that may arise during your period of homeownership?

 

The above as well as other questions must be answered satisfactorily by you!

 

You can more readily determine your readiness for “your” home purchase from a mental and financial perspective by doing a pre and post home purchase analysis at this time to determine if you have the financial strength on a monthly and annual basis for homeownership that puts you in control—and keeps you in control!

 

You must know what to expect upfront in the home buying process…

 

You must know that there are a number of loan options available and you must know your housing ratio and your housing versus debt ratio on the front end to help you readily determine if you are financially capable of handling the home purchase and other debt that you will carry on a monthly basis.

 

You must know the importance of creating a properly funded emergency fund now or soon after your home purchase and you must know and understand fully why doing so protects you and your family from future financial risks—therefore helping to ensure that you significantly increase the odds that you can maintain and keep your home.

 

Types of Loans Available

 

It is important that you realize that home loans generally fall into two categories—Government Backed and Conventional. 

 

Government backed include FHA (3.5% down payment required by you or gift of same amount from someone else), VA (0% down payment but funding fee requirement that can be financed into the loan) and USDA (loan for rural areas in the United States).  Government backed FHA loans will generally have a MIP or mortgage insurance premium added to the monthly payment if you put less than a 20% down payment.

 

Conventional are issued by non-governmental companies (private loan companies, credit unions and large banks) and they come in many forms such as ARM or adjustable rate mortgage, fixed rate and many other creative options that are available depending on the company offering the loan.  Conventional loans will generally have a PMI or private mortgage insurance premium added to the monthly payment if you put less than a 20% down payment.

 

You must have working knowledge of the Home Buying Process…

 

You must know that you will have to bring an Earnest Money Deposit at the time of your offer contract to show your seriousness of intent to purchase your home (process varies from state to state so check with your agent) and it will be credited at closing toward your closing costs and/or purchase price if you ultimately purchase the property.  Always realize that closing costs and other special stipulations in your offer contract are negotiable between you and the seller, therefore you want to choose a competent real estate agent to represent your and your family’s  financial interests.

 

You will also have to perform a home inspection (generally costs several hundred dollars or more and includes HVAC, Plumbing, Roof, Water Heater and Structural Areas etc.), a termite inspection, a radon inspection, a lead-based paint inspection (for homes built prior to 1978) and possibly other inspections depending on the community in which you purchase your first home.

 

If the home that you are considering for purchase needs renovation–you may be able to use an FHA 203K Renovation Loan or a Fannie Mae Renovation Loan to make your purchase and repairs more manageable!

 

In addition be sure to budget for appliance repair and/or replacement and consider a home warranty.

 

Be sure that you are aware of environmental concerns in the area that you are considering for your home purchase.  You may also need to do additional inspections at additional cost such as pool system, or other inspections based on the features of the home and property.

 

In addition, your property must appraise for the purchase price, otherwise you may have to bring additional cash to closing or re-negotiate the terms of settlement.

 

Your lender will also require that Title Insurance is purchased for their protection and you want to be sure to purchase a policy for yourself and your family’s protection as well.   By doing so you reduce your risk of losing the property due to issues in the “chain of title” up to policy limits on the contract.  You also want to properly title your property with the right deed typebased on what is best for your and your family’s  future goals.

 

Depending on your state, the above fees and possibly other fees—will be paid at closing or paid outside of closing (POC) and you must budget for them or negotiate them appropriately on your home purchase contract.

 

In addition be sure to seriously consider getting a one year home warranty that covers many of the items mentioned above.  You can start by trying to negotiate for the seller or your real estate agent to pay for the one year home warranty coverage.  If unsuccessful with those options consider purchasing a one year home warranty policy yourself to protect yourself and your family for the first year of ownership.

 

A properly funded emergency fund—in combination with the one year home warranty will help ensure a more pleasurable home ownership experience for you and your family.

 

In addition, if major systems such as HVAC, Water Heater, Appliances etcetera are more than 10 years old consider having them replaced or at least properly serviced prior to closing–and doing one and/or both can be negotiated in the contract (purchase price might increase but you would have more peace of mind by having a new system or possibly know the remaining life if the system has been recently serviced).

 

Lease Purchase Option

 

With many consumers suffering from poor credit as a result of the massive financial downturn in 2008 and subsequent years many consumers are now pursuing other creative options to purchase their first home or rebound after the loss of a home they once owned or had a mortgage loan on.

 

A lease option or rent to own allows someone with poor credit the option to purchase a home in the future (usually 12 to 24 months into the future) at an agreed upon price.

 

The 12 to 24 month period is usually allowed to give the purchaser time to improve their credit so they can get a loan—or get a loan at a better rate.   In many instances the property can be titled and deeded in the name of the person(s) who is leasing to own and the purchaser (and all parties involved) signs off at closing that they have the option to purchase if done so within the period outlined in the closing documents at an agreed upon price.  If you exercise the lease purchase option in the future the property will then be fully titled and transferred in your name(s).

 

In addition, a lease option can take on many other forms and variations.  It is you (the person who enters into a lease purchase option) who must weigh the pros and cons if you sincerely pursue this homeownership option.

 

Although TheWealthIncreaser.com believes that an intelligent, consistent and proactive approach in which you get your credit and finances in order on the front end is more appropriate, a lease with option to purchase may be appropriate for some.  Be sure to make it a win-win situation for all parties involved or at the very least—a winning situation for you and your family by doing your due diligence about lease purchases on the front end.

 

Conclusion:

 

Your successful home purchase begins with you determining that the home purchase that you are considering is really what you want, knowing the costs associated with your home purchase and home ownership (maintenance), knowing that you purchased in a stable and appreciating (although no way to know for certain due to forces outside of your control) area, knowing that the amenities that you desire are in close proximity, knowing about environmental concerns near and around the home that you are considering for purchase—and any other factor(s) that may be of concern for you and your family.

 

Also realize that a cash purchase and other creative ways to purchase your home is always an option.  What has been presented in this discussion is the “most common and effective ways” that you can purchase your home that allows you to use the tax code and a low down-payment to possibly build wealth.

 

Those (Mortgage Lenders) who originate, process and underwrite your loan for your home purchase mainly want to see that you are willing to pay based on your credit profile—and you have the ability to pay based on your current income!

 

You can determine if you meet both tests yourself—upfront by creating a monthly cash flow statement at a minimum and having a mastery of your credit at this time.

 

By knowing your monthly income and housing ratios as it relates to your home purchase and having a working knowledge of your credit and credit score you will put yourself well ahead of most 1st time home buyers—or any home buyer.

 

By knowing that you will have to put up earnest money, come up with a down payment and pay costs both inside and outside of closing (i.e. home inspection, insurance, have 3 to 4 months of escrow or your monthly housing payment in your bank account at or after closing etc.) you set your mind up for what is expected and you help reduce your stress levels now and in your future—significantly.

 

The closing process time frame involving lenders from the time of your application to closing is normally 30 days (short end of spectrum) up to 60 days (long end of spectrum) and will vary based on the lender and the type of loan that you select.

 

You will also have a 3 Day Review Period after you see your settlement or closing cost totals and you can use that period to challenge what you don’t like and/or get additional clarification.

 

You can also use a proactive approach to compare loans when loan shopping as well.  In addition,  you must realize that a home loan pre-approval gives you more negotiating power than a home loan pre-qualification in most cases.

 

Also be aware of your due diligence period and any special stipulations in the contract.  Once the contract is accepted and you meet the lending criteria and inspection contingency there may be no turning back.  Always have an approach to learning that gives you the clarity that you need to succeed prior to engagement–thereby turning the tide on who is most prepared!  Be sure to use the glossary of finance and real estate terms to enhance your understanding of this page, real estate and personal finance in general.

 

It is imperative that you fully understand–or overstand (this cannot be misunderstood by you) upfront that if you see the house that you want and you are eligible for financing and the inspection contingency is met along with all of the other stipulations that are spelled out–closing must proceed–otherwise there will be major consequences as a result of not closing for any reason that is not explicitly spelled out in the contract.

 

Down Payment, closing costs, taxes, insurance and other settlement related fees can push closing and other related costs in the 3% to 5% range (or possibly higher) of the purchase price depending on your state and local jurisdiction, how you (or your agent) negotiate closing costs and the type of loan that you choose.

 

Always remember that even though closing costs are negotiable you as the purchaser want to be in the driver’s seat–meaning you want to make the first gesture at the time of the offer contract as to what percentage you are willing to pay.

 

Also realize that many lenders use a 12 month bank statement for VOR or Verification of Rent in the underwriting process instead of relying on a statement from your leasing office stating that you have paid your lease in a timely manner during your lease period.  You can thank the financial turmoil of the past decade for this and other home loan tightening guidelines as it relates to your home purchase.

 

After your loan is underwritten and closing occurs your lender will wire the funds at closing to the seller and/or attorney depending on your state (and/or mortgage company if an outstanding loan exists) and you will be expected to bring the down payment amount along with settlement fees (bank certified check or what form of payment is customary in your state) that you agreed to (minus your earnest money deposit that you put up in the offer contract) to the closing–plus a small cushion that will generally be refunded to you in most states.

 

If all of the above goes smoothly—the keys to entry, closing documents along with your new home will be your responsibility and you will be in position to enjoy your new home.  Your home purchase will be recorded at the local, county and/or  state level depending on your jurisdiction letting the world know that you are on your way toward true ownership (ownership without owing anyone) with each payment that you make!

 

It is the desire of TheWealthIncreaser.com that you will take a sincere approach and apply what you now know–to achieve results that will truly show…

 

All the best to your home purchase success…

 

MORTGAGE CALCULATOR…

 

Other Helpful Calculators…

 

Return to Top

 

Return From 2017 Home Buyer Tips for Success to Glossary of Finance & Real Estate Terms 

 

Return From 2017 Home Buyer Tips for Success to Freddie Mac Homesteps Program

 

Return From 2017 Home Buyer Tips for Success to Home Owner Tax Breaks & Strategies

 

Return From 2017 Home Buyer Tips for Success to Tax Benefits of Home Ownership

 

Return From 2017 Home Buyer Tips for Success to NACA versus Georgia Dream

 

Return From 2017 Home Buyer Tips for Success to Mastering the 5 Credit Factors

 

Return From 2017 Home Buyer Tips to Who is the creator of TheWealthIncreaser.com

 

 

 

 

 

College Graduates & Credit Building

Learn why “College Graduates” should “Build their Credit ” in as effective a manner as possible…

 

With the high school and college graduation season kicking into full bloom the creator of TheWealthIncreaser.com thought that a helpful page to get students who are transitioning from the educational world to the working world a real opportunity to attain success in the management of their credit and finances—was a timely topic to focus on.

 

In this discussion TheWealthIncreaser.com will present helpful tips and actions that those who are—or will soon be entering into the employment community can do to manage their credit and finances more effectively.

 

Set Up a Financial Management System

 

As a new entry into the workplace you must have a financial management system starting with setting up your own checking and savings account if you have not done so already.  You must not overdraw your account by writing checks or spending in a random fashion without knowing your account balances.

 

You must establish an emergency fund early in your life stage so that you can put yourself in position to manage your credit and finances optimally throughout your lifetime.

 

You must also get a credit file started  (or continue to improve your current file) if you  anticipate the need to effectively utilize credit now or  in your future.  Establish several credit cards in your own name and/or get added to a card or two on your parents credit card account(s) and within six months or so you will begin generating a credit file.

 

An auto loan could also help start the process of building your credit file.  Hopefully you graduated without student loan debt, however if you were unable to avoid that debt—that too could help you generate a credit file and help you establish or manage your credit more effectively.

 

Be sure to use your credit cards responsibly and pay off the balance in a timely manner…

 

You don’t want to over extend on your credit card usage or have too many credit cards.   The right number depends on your future goals, your current cash flow position and how effectively you manage your credit—and overall finances!

 

You must have a system (and personality) that allows you to pay off your debt (monthly bills) in a timely and consistent manner.

 

Whether you set up bill pay or you decide to pay by written checks (or if you do a combination like TheWealthIncreaser.com does) you must know your monthly and annual inflow and outflow of cash.  By knowing this information you can quickly determine if you need to cut expenses, get more income—or do a combination of the two.  In addition, you want to get into a habit of “periodically obtaining a copy of your credit file” to verify the accuracy and see where and if you can make improvements.

 

How to Order a Credit Report

 

You may order your credit reports at no cost once per year from the three major credit reporting agencies by going to www.annualcreditreport.com.

 

In order to see your entire credit history,  you should review the records from “each” of the major credit bureaus or agencies:

 

Transunion—West and Midwest focus originally but nationwide now

Equifax—South and Eastern focus originally but nationwide now

Experian—Western and Southwestern focus originally but nationwide now

 

If you live in Los Angeles, Transunion and/or Experian may have a more complete file on you while Equifax  may be missing several accounts that you may have.   If you live in Atlanta, Equifax may have a more complete file on you while Transunion and Experian may be missing several accounts that you may have.

 

In some cases all three credit agencies may have the same number and type of creditor(s) on file…

 

However, the only way for you to know “with certainty” is to pull your own file from “each” of the credit agencies!

 

Don’t do like many who currently manage their credit do–fail to have a consistent plan of action–and more importantly “fail to implement” a consistent plan of action when they do have an effective plan at their disposal.  You want to start off your credit building and life–by displaying the best qualities possible as you pursue your goals.

 

By reviewing your records from “each” of the major credit bureaus or agencies you get a better CAMERA shot of your overall credit profile.

 

Get the picture…

 

Again you can go to AnnualCreditReport.com to get your file from all three credit agencies.  You can go to MyFICO.com to obtain your actual credit score for a stated fee.

 

Always remember that you are also entitled to a free copy of your credit report within 60 days after being turned down for credit, employment, or insurance because of information supplied by TransUnion, Equifax or Experian.

 

What to Look for in Your Credit Report

 

You want to verify that your personal and credit information is correct! 

 

If errors are discovered you want to immediately report them in writing or do an online dispute to the agency in which you see the error(s).  After that follow up to ensure that the requested action was done by the credit agency  or agencies that you found the errors on.

 

Conclusion

 

You want to “enter the workplace” with the knowledge of what you need to do to manage your credit and finances in a proactive manner.  By focusing in at the earliest point in your “life stage” you can get a real jump on effectively managing your credit and finances in a manner that serves your best interest.

 

You will be in better position for your home purchase, your gym membership, the auto purchase of your dream, the vacation(s) of your dream(s), buying the latest technology products, saving for retirement, weekly entertainment and pursuing and achieving many other goals that will come along as you move along in life.

 

It is the desire of TheWealthIncreaser.com that you will take a serious look at your future at this time and decide to use a more intelligent, consistent and proactive approach as you journey towards your destiny or purpose for being while here on planet earth.

 

Congratulations on your graduate success…

Now is the time that you give it your best–since you have just passed your final test…

 

Use what you have learned in this discussion to forge a great future ahead…

By graduating this year TheWealthIncreaser.com knows that you are well read…

 

Go out into the world and change it for the better…

You now possess the tools that are necessary for doing so in any kind of weather…

 

All the best to your credit building and life success…

 

Return to Top

 

Return From Credit & College Graduates to College Graduates & Wealth Building

 

Return From Credit & College Graduates to All About Credit

 

Return From Credit & College Graduates to Mastering the 5 Credit Factors

 

Return From Credit & College Graduates to About TheWealthIncreaser.com

 

 

Wealth Building Basics

 

Learn why the “TIME” is now to start Wealth Building in a more “Thought Provoking” manner…

 

Did you know that how you look at or see your future in large part determines if what you see will materialize in your future?  In this discussion TheWealthIncreaser.com will discuss how your mental focus and thought process is critical for your future Wealth Building success.

 

It is important that you act on your future goals that you want to see in your life and it all starts with a thought, imagining that “your” future goals that you create and want to see in real time will actually occur and having the “mental presence of mind and the right knowledge” that allows you to apply what you know consistently.

 

You must also realize that it will take major effort on your part to bring into existence a new and more rewarding future as you journey toward building wealth for yourself and your family!

 

Thoughts & Wealth Building

 

Your daily or recurring thoughts about what you desire to occur in your future is the starting point for you putting in place something big that can get you on a path to building wealth more efficiently.

 

You must think about your monthly income and expenses, think about whether you can save more effectively, think about whether you can manage your credit more effectively and think about whether you can manage all areas of your finances more effectively!

 

Your daily thoughts or dominant thoughts must be positive and uplifting—and by transferring your thoughts about your finances into a “written plan of action” you can activate your mind to achieve much more throughout your lifetime.

 

Imagination & Wealth Building

 

You must imagine a brighter future and you must see it happening!  It is imperative that you “dream big” and have every intention on reaching “your big dream.

 

You cannot limit yourself by letting the thoughts of others, the opinion of others or the actions of others deter you from the future outcomes that you desire.

You have all of the tools (or you will soon have the tools) that are needed for you to achieve at a higher level and you must dream big to activate those tools at this time—or once you acquire the necessary tools that are now at this time “not in” your toolbox—or are at this time lying dormant in your toolbox.

 

Imagine a brighter future, put in the work to make it happen and build your wealth to a level that allows you to do what you really like to do (your life purpose) during your lifetime—starting today!

 

Mental Working Knowledge & Wealth Building

 

In TheWealthIncreaser.com’s opinion nothing is as disheartening as when empowering advice is presented in an empowering format—yet the person receiving the information fails to act when it is in their best interest to act.

 

There are varying reasons why those who choose not to act—fail to act!

 

Having seen this occur all too frequently over a number of years the creator of TheWealthIncreaser.com had to come up with a way that visitors could actually process meaningful personal finance and wealth building advice, easily carry it within their mind and more importantly—provide them the ability to apply what they had learned in a manner and at a time that served their best interest—not the best interest of creditors or others who had no real concern about their future.

 

If you desire to achieve “much more” throughout your lifetime it is imperative that you gain the “mental working knowledge” that will allow you to operate at a higher level on a daily basis!

 

Effort & Wealth Building

 

It is important that you realize at this time that effort will be required of you if you are sincere in making your wealth building dreams come true.

 

Your daily thoughts, your big imagination and your knowledge and understanding of “mental working knowledge” serves no real purpose if you have decided deep within your heart and mind (either consciously or sub-consciously) that you are not willing to put in the required effort—regardless of the roadblocks or adversity that you are now facing—will face or have faced in your past.

 

You must leave excuses behind and look forward and understand fully that it will take increased effort on your part as you venture on your fresh start.

 

Conclusion

 

The T I M E is now for you to successfully change your habits for the better so that you and your family can achieve the dreams that you desire in any kind of weather (regardless of the season in your life).

 

You must plant seed (create powerful thoughts inside of your heart and mind), water (gain the preparation that is needed) and bear fruit (reach the powerful thoughts that you imagined inside of your heart and mind) in real time—by taking the necessary action on a consistent basis!

 

You must “intelligently look at your wealth building goals” on the front end (prior to making the wrong moves) so that you can proactively gain the knowledge that can make your wealth building efforts happen in a more stress-free environment.

 

It all begins with a “serious thought” within your mind that you can build wealth more effectively, your willingness to put in the required effort and your real belief within your mind that you will have the endurance to see it through!

 

It is critical that you dream big—and have every intention on reaching that big dream!

 

The environment “that you create within your mind” will determine if you are in a fertile or a desert environment. 

 

By planting in fertile soil at this time you are starting on a path to obtaining the “mental working knowledge” that is needed for major success and you are intelligently planning your future, thereby enhancing your likelihood of success throughout your lifetime when it comes to wealth building.

 

Effective WEALTH BUILDING is very important and your success depends on how you manage your monthly cash flow and how you choose to handle or manage your overall  finances (spend more, save less and not effectively manage the rest or spend less, save more and effectively manage the rest).

 

You may need to get more income, cut expenses or do a combination of the two—if you are truly dedicated to making your dreams come true!

 

In short, you must know how you handle your discretionary income on a monthly and annual basis and you must know if you have the discipline—or you are really willing to put in the effort that is required that will put you in position to effectively manage your credit and finances throughout your lifetime.

 

You must not underestimate the power of your thoughts on a daily basis, the importance of dreaming big, the importance of having the mental working knowledge and the importance of knowing the expended effort that is required to tie it all together so that you can achieve at your highest level on a consistent basis.

 

Although the task may look daunting at this time you can ease the process considerably if you make the decision to get started!

 

Once you get momentum rolling and you get into the habit of taking the right action at the right time Wealth Building will occur—in large part because you decided to look at (and act) on your finances in a more thought-provoking manner.

 

This page and the corresponding links in this discussion will provide you all that you need—and more, to effectively and efficiently manage your finances optimally from “this day” forward.

 

All the best to your wealth building success…

 

 

Return to Top

 

Learn whether you have the “mental fortitude” that is needed for success on a consistent basis…

 

Learn how mastering the 5 credit factors can lead to more success for you and your family…

 

Return From Wealth Building Basics to who is the Creator of TheWealthIncreaser.com

 

 

Estate Planning/Wills & Wealth Building

LEARN WHY ESTATE PLANNING/WILLS & WEALTH BUILDING SERVES YOUR BEST INTEREST NOW AND AFTER YOUR TRANSITION…

 

Estate Planning/Wills is often a difficult topic for most (including the creator of TheWealthIncreaser.com ) to confront.  However, we all have a “time stamp” on how long we will navigate this planet called earth.  Estate Planning is an effective tool for building and transferring wealth and you must know at least the basics of how utilizing effective estate planning can ease your burden while you enjoy life to the fullest.

 

Learn how you can master the “5 credit factors ” and achieve your dreams…

 

Unfortunately the creator of TheWealthIncreaser.com has a lot of experience in this area and in this discussion TheWealthIncreaser.com will try to share tips that could be helpful if you are now ready to confront this difficult area of Wealth Building.

 

As you put an estate plan together it is imperative that you have an insurance policy in place at the various points of your life stage.  By doing so you protect your family in a number of ways. Insurance is often the first and cheapest line of defense for doing just that.  It is also important that you realize that you must protect your family in the case of your early demise in other ways as well.  However, estate planning is an area of personal finance and wealth building that must not be overlooked!

 

It is also important that you manage your finances responsibly throughout your lifetime in all areas—comprehensively!

 

You must have a mental system that allows you to manage all areas of your credit and finances at all times!

 

You must have an effective understanding of how you can manage your estate more effectively and it is imperative that you gain that understanding and take action as soon as possible.

 

Speaking of life insurance—did you know that a trust can be the beneficiary of your life insurance policy if it is set up correctly and that could be an effective strategy for you—depending on your net worth and future goals?

 

Did you know that probate in many states average 12 to 18 months to complete?  If you or a loved one were to make your transition and you had a will (or even if you did not have a will in some states) that could be a grueling time for you or your loved ones due to the probate process and the grief that you would experience during that  same period!

 

Did you know that Probate using a will—will be made public—while a “living trust” will not?

 

If you were to transition “Intestate”—state laws rule.  If you transition while having a will—or you transition with no will—then probate could be in your or your loved ones future.

 

Benefits of a Trust

 

With a Trust—you can control distribution of your assets to your heirs or other causes that are dear to your heart.  For example, you could leave 1/3rd, 1/3rd to your 2 children and 1/3rd to your favorite charity—or you could do a 50—50 split to each child.  You can leave what you desire to the church(s) that you choose, the college(s) that you choose or the charity(s) that you choose in a more appropriate and definitive manner in most cases!  The limitations are only limited by your (and/or your attorneys imagination) and the constraints of the laws in your state.

 

You can specify how your child will receive income or distributions—or if they will receive any income at all, you can specify how your adult children will receive income and at what intervals, you can specify that your loved ones receive income at retirement age and thereafter, you can specify they receive no income until they are off drugs and verified along the way that they are off drugs by having trust beneficiaries take scheduled drug or alcohol tests—you name it a trust attorney can draft it in your living trust if it is allowable by law in your state.

 

You can help protect your heirs from creditors with a “drip release” if your heirs are facing divorce or other life challenges—NOW OR IN THEIR FUTURE.

 

In short, your Living Trust can be set up to spell out your wishes!  You must always realize that a trust is more difficult to contest than a will or having no will at all!  That is a major advantage—plus a trust will not be made public!

 

Always realize that your life insurance is part of your estate for estate tax purposes in virtually every state.

 

With a Living Revocable Trust—you can add assets (the trust owns your assets) and avoid probate.   You would be the “trustee” while you are alive and a “successor trustee” (that you could choose now) would take over upon your transition.

 

Even a will that leaves everything to your spouse may not be effective as a living trust—it depends on your situation.  In many instances a living trust is better than a deed transfer for real property when estate planning.

 

Why go through probate in your state when a living trust could be a better option for you and your family?  Grieving is hard enough without the headache of probate.

 

If you have a will—an executor of your estate will be needed!  Even if you feel you have modest income a living trust and/or a will may be effective tools for building wealth for either you or your loved ones.

 

Now that you understand estate planning/wills better—it is the desire of TheWealthIncreaser.com that you will do better as it relates to transferring your estate or assisting your loved ones who will potentially transfer their estate to you.  Share your knowledge and realize that for several thousand dollars you could possibly set up the transfer of your estate in a manner that you not only agree with—but more importantly carries out your intended wishes.

 

Your heirs and others will not have to squabble and distance themselves from each other after you are gone.  Because you have intelligently looked ahead—and planned effectively while you were of sound mind for what lies ahead as best you could while you were here on planet earth—peace of mind happens as a matter of course on a daily basis in your life!

 

Avoid uncomfortable conversations and confrontations with your children, siblings and other family members in the future—have peace of mind now—a consultation with a highly competent living trust attorney may be able to show you how.

 

Cost

 

If you are single three-thousand and up—if you are married five-thousand and up generally speaking, but depends on your state and how complex your situation is.  Every situation for estate planning is different and will require a legally crafted solution based on your income, assets, future goals and many other factors.

 

A Durable Power of Attorney and Advanced Directive with Power of Attorney for Medical Purposes can also be included inside a living trust for an additional fee.

 

NOTE: It is important that you realize that the above discussion is not intended to be legal advice but is provided in an effort to get you thinking at a higher level about a topic that is difficult for most to confront!

 

Even so, it is better to confront on the front end what you desire to happen after your transition (no pun intended) if you desire to live more abundantly and have peace of mind by knowing what lies in the future for your family, your heirs and other causes that are dear to your heart.

 

It is the desire of TheWealthIncreaser.com that this discussion has forced or inspired you to look at your estate in a more comprehensive and all-encompassing manner and will lead to you taking the necessary action to responsibly leave your finances and your estate after your transition to those who you love (along with the causes that you love) in a manner that serves your desires and wishes.

 

Now is not the time to rest…

Now is the time that you give it your best…

CHEERS to your future success…

 

Return to Top

 

Return From Estate Planning/Wills to Estate Planning & Personal Finance

 

Return From Estate Planning/Wills to Who is the creator of TheWealthIncreaser.com

 

Credit Resources

Learn how you can access personal credit and other helpful resources and more efficiently reach your future goals…

 

On this page you will find personal credit resources that you can use throughout your lifetime to achieve at a higher level and reach your credit and financial goals more effectively and more efficiently.

 

It is important that you have an “understanding of how you manage your credit” and you pursue ways that you can possibly manage your credit better.

 

On this page you will find credit resources that have helped many who were committed to living more abundantly do just that as they reached higher to improve their credit and finances.

 

It is the desire of TheWealthIncreaser.com that this page will help you as well and make your journey of credit and finance management less taxing (painful).

 

Credit Scores:

 

Quizzle

Get a free credit report every 6 months along with your Vantage Score…

Vantage Score—jointly produced by TransUnion, Equifax and Experian—scored from 501 to 990—widely used by lenders—uses shorter credit history than FICO—credit comparison—credit timeline—credit trending—and score analysis available on this site

https://www.quizzle.com/

 

Credit Karma

Best of the 3  free sites in TheWealthIncreaser.com’s opinion—quick access to reports and scores—other alerts that you can sign up for—home debt, loan and amortization calculators—uses Vantage Score or New Account Score—2015 added Equifax score

Uses TransUnion and Equifax in Scoring Models

https://www.creditkarma.com/auth/logon/

 

Credit Sesame

Get free Experian National Equivalency Score and get suggestions and advice to help you improve your score over time…free ID theft protection, mobile apps, where to find the best interest rates and credit card suggestions

https://www.creditsesame.com/

 

ChexSystems Score

 

Your ChexSystems score is based on a consumer reporting agency that tracks “your history” with deposit accounts such as savings and checking accounts.  The score ranges from 100 to 899 (the higher the better) and uses your credit report, public records, payday loan history and possibly other factors to calculate a numeric score that is called your QualiFile score or more commonly called your ChexSystems score.  

Your ChexSystems score is primarily used to predict or anticipate your future banking activity and the likelihood that you will mismanage your account.  You are reducing your likelihood of mismanaging your account(s) tremendously by visiting this page and site.  However, TheWealthIncreaser.com thought that it was important that you know what ChexSystems is–and the effect that it could play in your future if you do not have a proactive and comprehensive approach as you manage your credit and finances.

Keep in mind that all banks do not use ChexSystems to determine if you are a good banking risk–some use other sources such as Early Warning Systems or TeleCheck and some banking institutions may not use any checking system at all!  Your CheckSystems report requires that you pay a fee to get the score–however if you know your banking history is clean–purchasing a report serves no purpose unless you would like to make a non-deductible donation to ChexSystems.

However if you know that you have blemishes on your banking activity in the past, it may be wise to purchase the score and see where your blemishes are so that you can make improvements.  Visit the above ChexSystems link to learn more.

Also consider 2nd chance Banks that do not use ChexSystems if you have past banking blemishes…

 

MyFICO.com

http://www.myfico.com/

 

Get your actual FICO score on this site for a stated fee.  If accuracy is a concern or you want to get a better feel for your actual FICO score—be sure to visit the above link.   TheWealthIncreaser.com has seen actual scores vary from as much as 50 points from the scores that were stated on the 3 free credit scoring sites listed above.

 

Synopsis:

 

By going to the above sites you can see how well you are managing your credit from a numerical perspective.  The number that you get or the range in which you fall is usually an accurate indication of how you are managing your credit.  There is nothing that prevents you from utilizing all three of the free credit scoring sites as none of the sites require that you use your credit card to use the service.

 

Your credit score mainly indicates “your risk” of not repaying a loan!  However, you must always realize that different lenders using the same score may charge you different rates, therefore it is important for you to know this up-front and it is very important that you “shop for the best loan” based on your current credit profile and credit score.

 

Always realize that when loan shopping (particularly for your home or auto loan) you must do “multiple hard inquiries” within a short window (14 days or preferably less) so that they are treated as a single inquiry by FICO, VantageScore credit scoring models and possibly other scoring models.

 

Anything outside of a 2 week window could lower your credit score.   Multiple inquiries will not do as much damage to your  credit score as  just “one missed loan payment” and the damage from multiple inquiries are considered mild when compared to a missed loan payment (possibly 50 to 100 point drop in your credit score).

 

If you find issues of concern on your credit report and you cannot satisfactorily resolve a complaint to a credit bureau or lender about your credit report or credit score, The Consumer Financial Protection Bureau will help you resolve many types of complaints that you have about your credit reports and your credit scores.  Before you file a complaint at ConsumerFinance.gov/Complaint, the bureau recommends that you file your  complaint and obtain a response from the credit bureau or other company that you are dealing with first.

 

After your “Mastery of the 5 Credit Factors”  and other material on this page you can  “Test Your Knowledge” of your understanding of credit scoring and see if you are in position to effectively manage your credit throughout your lifetime.   Excellence must be your goal—and 100% understanding from “testing of your credit score knowledge” must reside inside your soul!

 

Also, be aware that many credit card issuer’s are now starting to provide monthly credit scores and in some cases your actual FICO credit score.  Therefore you have many options (paid and free sources) for effectively managing your credit and credit score.

 

All of the above credit scoring sites are free (with the exception of MyFICO.com) and they give you varying scores that may correlate with your FICO score, however none of the free sites will provide your actual FICO score.  To get that go to MyFICO.com, however—you will have to pay a fee.

 

Always realize that personal credit scoring models change from year to year and there are many versions on the market at any particular time.  At any given time some lenders may use an older model while others will use a newer model.  In addition, be aware of industry-specific credit scoring models such as auto related scoring models, housing related scoring models, insurance related scoring models and possibly other industry specific scoring models.

 

Whether FICO, VantageScore or any other scoring model is used, the key point to remember is that as long as you consistently apply your mastery of the 5 credit factors effectively based on your credit profile from this day forward—you will succeed throughout your lifetime regardless of the current scoring model or future advancements in the scoring models.

 

The ChexSystems score is somewhat separate from the other credit scoring sites and it too requires that you pay a fee,  however the ChexSystems score is related to your banking activity.  Again if you know that you have a stellar banking history–purchasing a ChexSystems score serves no real purpose.

 

A non-traditional way to build credit for those who have credit challenges is an alternative payment history company that allows payments other than credit cards and other revolving, open and installment debt to build your credit file and credit score.   Payment Reporting Builds Credit or PRBC may be worth looking at as an alternative credit building and credit scoring resource as it uses your cell phone, utility bills, rental payments and other non-traditional sources to build your credit file and credit score (100-850 range with 600 to 750 the goal to aim for to get realistic acceptance by potential creditor’s) and it is absolutely free to set up.

Although not all lenders will accept the score–it could help you get the credit that you need in some cases.   In addition, many traditional lenders will also use alternative scoring models to get you a loan in many instances.

 

Therefore, if traditional credit is not working for you at this time due to a limited or non-existent traditional credit history–you still have options!

 

However, building your credit by utilizing the 3 credit bureaus listed below is normally the best way to go if you have time and you are–or desire to be proactive in the management of your credit and finances.  Visit the following link to learn more about PRBC if you feel they can be of benefit.

https://www.prbc.com/faq

 

Credit Reports:

 

TransUnion

https://www.transunion.com/

 

Equifax

https://www.equifax.com/personal/

 

Experian

http://www.experian.com/

 

 

AnnualCreditReport.com

https://www.annualcreditreport.com/index.action

or call 877-322-8228

 

Synopsis:

 

Always realize that there are many credit bureaus, however the three listed above are the major players and the ones who you should really be aware of.  By going to the above sites you can see how well you are managing your credit in a written format.  The information on the reports will show if you have a positive payment history, whether negative marks are on your report and will also show how you are using your credit.

 

You can also see your outstanding loan balances and the type of credit (revolving, open or installment) that you have and how long your accounts have been open or active.  The hard pull of your credit file for the past 12 months and possibly longer will also be on your credit reports.

 

AnnualCreditReport.com is a site that you can go to and get “all 3” of your credit reports from one site for FREE once per year.

 

By analyzing your credit report(s) you can make corrections on your report(s) and see what you need to do to move toward achieving your future goals—thereby providing you more clarity.

 

If you have a need to improve your credit be sure to visit our Credit Improvement page that is on this site, before you do anything else.

 

Also realize that all three of the credit bureaus listed above have credit monitoring and credit scoring services where they charge you a monthly fee.  Use your better judgment to see if utilizing their service can be of benefit to you.  Most require a monthly subscription fee.  Be sure to read the fine print to ensure that you are aware of your financial and non-financial obligations.   By going to the links below you will find credit monitoring and credit reporting sites that are offered by the 3 major credit bureaus.

 

TRANSUNION:      CREDIT MONITORING

EQUIFAX:               CREDIT MONITORING

EXPERIAN:            CREDIT MONITORING

 

Credit Card Comparison Sites:

 

The following sites can help you compare credit cards if you need to build your credit or pay off your credit card or other debt.  You can find many 0% cards (many up to 15 months at zero percent interest) that you can use to transfer debt in an effort to pay off your debt in a timely manner (or use to build up your credit at zero percent interest by utilizing zero percent interest on purchases and consistently making timely payments) and possibly save thousands in your interest charges.

 

There are many strategies that you can use to pay off or pay down your credit card and other debt.

 

If you already have an effective handle on your credit and you have a properly funded emergency fund you can find “reward cards” that could possibly be of benefit to you and your family by also going to the credit card comparison sites listed below.

 

Bankrate.com

http://www.bankrate.com/credit-cards.aspx

 

CardRatings.com

http://www.cardratings.com/compare-credit-cards.html

 

Doughroller.net

http://www.doughroller.net/category/credit-cards/

 

NerdWallet

https://www.nerdwallet.com/credit-cards

 

Value Penquin

https://www.valuepenguin.com/credit-cards

 

Be sure to use caution when going to any credit card comparison site as the potential for inaccurate or misleading data is always possible.

 

It may be of great benefit to review this Wall Street Journal article that was written in 2014 to get a feel for the pitfalls that you may need to avoid prior to going to any of the above sites.

 

https://www.wsj.com/articles/credit-card-comparison-sites-under-fire-1408732727

 

As part of your research efforts you may also want to visit the site of the credit card issuer directly and compare or crosscheck what is on the comparison sites.  In some cases you may find a better or more up-to-date offer on the credit card issuer’s site.  In addition many credit card issuer’s may have a relationship with the credit card rating company, so again use caution.

 

For those who have bad or damaged credit U.S. News & World Report’s credit survey and guide can be a very helpful starting point!

 

Miscellaneous:

 

Value Penquin

All in one site that can help you make budgeting, credit card, insurance, investing and banking decisions along with providing other financial news.

https://www.valuepenguin.com/personal-finance

 

Lexis/Nexis Full File Disclosure

Get your complete file for free—includes CLUE Report, Background Check etc…

https://personalreports.lexisnexis.com/access_your_full_file_disclosure.jsp

 

DepositAccounts.com

Get interest rates and research 1000’s of banks and credit unions in the United States

https://www.depositaccounts.com/

 

Insurance—CLUE Report

Comprehensive Loss Underwriting Exchange

https://www.insurance.wa.gov/your-insurance/tips/clue.html

 

Consumer Finance Protection Bureau

Tools for your success, educational resources, complaint procedures, research and much more…

https://www.consumerfinance.gov/learnmore/

 

FTC Fair Credit Reporting Act (FCRA)

Know your credit rights…

https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-credit-reporting-act

 

Karl’s Calculator

Great mortgage calculator for those who are considering refinancing or purchasing their home

https://www.drcalculator.com/mortgage/

 

Personal Capital

Finance & Wealth Management Site

https://www.personalcapital.com/

 

Realty 1 Strategic Advisors

Real Estate & Personal Finance Advice with a unique twist—created by the same publisher of the site that you are now on

http://www.realty-1-strategic-advisors.com/credit-and-personal-finance.html?unique=14872027915383809

 

DMV.org

Type in your state in the search area  and learn how you can compare insurance quotes (apples to apples) in your state by knowing your state’s minimum requirements and possibly save on your car insurance.  You can also learn about other automobile related activity in your state.  Keep in mind that this is not an official government site but has valuable information that could help you as you move forward…

 

More Helpful Financial Websites…

 

Helpful Educational Websites…

 

Learn why you must obtain a “Financially Alert Mind”…

 

NOTE: TheWealthIncreaser.com does not receive compensation or advertising revenue of any kind from the above sites.  They are provided as a courtesy to help you save valuable time.

 

Although TheWealthIncreaser.com operates from a biased position in favor of consumers, you must still come to your own conclusion as to which of the above sites will work better for you or if the site(s) will be of benefit to you at all.

 

Credit Resources created by the creator of TheWealthIncreaser.com:

 

Do I have a Financially Alert Mind or am I just Financially Literate?  Visit this page to find out…http://www.thewealthincreaser.com/financially-alert-mind-wealth-accumulation-learn-why-you-must-expand-your-financial-thought-horizon

 

The above page is one of the most groundbreaking pages that can be found in personal finance, visit this page to see where you stand as far as your financial approach is concerned.

 

Do you know an Efficient Way to Achieve Financial Success?

Learn how 5 Steps to Financial Success can show you the way toward your success–today…

http://www.thewealthincreaser.com/re-focusing-your-mind-for-success-5-steps-that-you-can-take-to-work-towards-your-financial-success/

A visitor favorite, the above page was featured on Yahoo Finance and also as a guest post on Boostsuite and visitors have responded favorably to this post since it was created.

 

The 3 Step Structured Approach…

Learn how you can use a comprehensive approach to manage your credit and finances throughout your lifetime.

The 3 Step Structured Approach is simply one of the most effective and easy-to-apply comprehensive financial management system that can be found in personal finance. 

Many visitors have found this approach to work for them after being unsuccessful in managing their finances with other approaches.

 

Mastering the 5 Credit Factors so that You Can Achieve Your Dreams…

Even though this page was created approximately 2 months ago (December 2016) from the time of this posting, this page has fast become a visitor favorite as it addresses your need to know the 5 credit factors and most importantly shows you how you can effectively utilize that knowledge throughout your lifetime to achieve your goals.

Although TheWealthIncreaser.com’s opinion of this page is biased (this page was created by the creator of TheWealthIncreaser.com), TheWealthIncreaser.com truly believes that Mastering the 5 Credit Factors so that You Can Achieve Your Dreams is the best page on the web for helping you gain the mental working knowledge to effectively master the 5 Credit Factors and manage your credit optimally throughout your lifetime.

However, if you disagree and you know of a better page that addresses the “5 Credit Factors” be sure to email TheWealthIncreaser.com at tj@TheWealthIncreaser.com and if after review that page is determined to address the “5 Credit Factors” more effectively—that site link will be featured on this page and  visitors will have the opportunity to decide which page works better for them.

 

Conclusion

 

It is up to you to find better ways of managing your credit and finances and “applying” what you learn to improve your (and your family’s) living conditions throughout your lifetime.

 

The “above links” or credit resources have proven to be of benefit to many visitors who have frequented TheWealthIncreaser.com and it is the belief of TheWealthIncreaser.com that the “real potential” that you have inside of you will be “tapped into by you” and will lead to you achieving at a higher level in the management of your credit and finances as a result of visiting this page.

 

All the best to your future success…

 

Return to Top

 

Return From Credit Resource Page to Credit Improvement Page

 

Return From Credit Resources Page to Who is the Creator of TheWealthIncreaser.com