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Quotes that inspire and motivate

A list of holidays, events, and special dates in the month of October.

Scholarships For College Tuition: Click here for a list of scholarships that are offered in your state.

Starting A Business: Competition is a good thing in a healthy business environment because it opens the door to economic growth by giving consumers a wider choice of products and services that they would not........


Social Security: It only takes a minor mistake on a Social Security disability claim form to activate a denial decision. When processing your Social Security disability claim, always have the correct information including the exact dates that constitute the filing of your claim. This includes........


Credit and Debt: In overly simple terms, after 1971, money became debt. For the economy to expand, you and I had to get into debt. That is why credit cards came in the mail; and home equity loans were available to people who had less than stellar........


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Qualifying For A Home Loan

The criteria for buying a home in today's real estate market is still based on income, credit, and down payment.

When you decide that you want to buy a home or other real estate, there is always the question of what you can qualify for. For most people, regardless to whether they are a first time home buyer or if they have purchased property in the past, the price of the home, income, and the ability to repay a home loan merits a lot of thought.

Buying real estate in today's housing market is more stringent than it was just a few years ago, but the qualifying process is the same as it has always been. It is still centered around income, credit, down payment, and the ability to qualify for a loan.

Although there has been a major restructuring of federal and state lending laws and stricter lending practices implemented by banks, mortgage companies, savings and loan associations, credit unions, and other lending institutions, the process of getting a loan is basically the same as it has always been.

There is tougher scrutiny today because lenders have become more conservative in the way they process and approve loans. But if your income qualifies you and your credit is up to par, your main concern will be finding the property you want to buy. Locating the right property shouldn't be that difficult because there are so many homes on the market for sale right now.

If you are serious about buying a home or any other real property, your best course of action is to call a mortgage company, bank, or other lending institution and have a consultation with a loan officer. A loan officer knows the right questions to ask and can gather the necessary information needed to get you pre-qualified and/or pre-approved for a loan.

If you don't know a lender, you should contact a realtor. A realtor can help you get started in the right direction because most of them have at least a basic knowledge of........


"Education opens new horizons, for individuals and entire communities, and affirms human dignity and social justice."
~Margarita Zavala~


Marital (Bypass) Trusts

Things you need to know about marital trusts, your finances, and your future.

There are many ways to preserve your unified credit., but this is one of the easiest. It involves hiring an estate planning attorney to draw up two different trusts, one for each spouse.

When the first spouse, say the husband, passes away, his will dictates that his trust be "funded"--in other words, that up to $675,000 (the current amount protected by the unified credit) be put into his trust even after his death.

While the assets are in the trust, they are managed by someone he chose--preferably someone who will keep his wife's needs in mind.

She can collect any income the trust generates and she may also (depending on the wording of the trust) be able to tap into the principal in certain emergencies--for medical reasons, special needs, and even at the discretion of the trustee (which is why you want a trustee who is certain to keep your spouse's best interests at heart).

When the wife also passes away, the assets in the trust pass to the heirs, tax free.

It's important to understand, however, that marital trusts are among the many trusts on this list that are irrevocable, meaning they can't be undone.

The risk of putting the money in trust is that if your spouse needs more income that the trust generates, the trustee may not, in all cases, have the power to give her more--or may simply decide not to give her more.

That's why you must be sure you both understand the ramifications when you........


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Definition of the week...What is an Apprenticeship?


"You've got to ask! Asking is, in my opinion, the world's most powerful - and neglected - secret to success and happiness."
~Percy Ross~



How Wall Street Is Fleecing You and Ruining America
by Leland Faust

Leland Faust unmasks Wall Street's unsavory tactics in powerful detail by giving readers a high-level view of how the financial services industry misleads them, overcharges them, and exposes them to needless risk. He documents the financial industry's alluring come-ons, airbrushed risks, high-stakes gambling, half-truths, misleading statements, outlandish predictions, tricks to overcharge customers, bad deals, and outright fraud by the most prominent and renowned of Wall Street's players.

A Capitalist's Lament is about what happens when financial firms and their employees forget whose interest they are supposed to protect. It shows how making foolish or wrong predictions is of no consequence to those who make them and how Wall Street luminaries with poor track records still garner celebrity status. Most of all, it spotlights how Wall Street manipulates the system and furthers its own interests at its customers' expense and puts us all at great risk. Here is what you need to know to protect yourself from........




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