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Quotes that inspire and motivate

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

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

Starting A Business: Making money and making a profit are two totally different things. There is a big difference. You can make a lot of money, but if all the money is spent paying creditors and overhead, there will be no profit. And when there is no........


Social Security: What is Supplemental Security Income? Supplemental Security Income is monthly payments made to people with low income or few assets. It is called SSI but it does not come from Social Security Taxes or the........


Credit and Debt: Who has access to your credit report? Not everyone has a right to view your credit history, and those who have a need to look at it must get your permission first. Your credit report can be accessed by individuals and companies that have a ........


Book of the Month




What Is A Reverse Mortgage

A reverse mortgage is a type of loan that helps senior homeowners enhance their lifestyles by paying off existing debt and/or provide another stream of income.

A reverse mortgage is a loan that is offered to senior citizens that can help provide additional cash flow, usually to supplement retirement and/or social security income. The loan is based on a percentage of the equity in the home and the money can be used to help pay bills and other expenses.

Before the money from a reverse mortgage is given to the borrower, all existing loans against the home are paid in full. In essence, a reverse mortgage turns the equity in a home into a tax-free income. The home being mortgaged must be owner occupied and the homeowner must be at least 62 years of age or older. There are no credit or minimum income requirements, although a borrower should make sure that his property qualifies before investing his time and money into the loan process.

Certain types of property don't meet reverse mortgage standards. The home must be single family, a condominium or town home, and mobile homes that fall within certain guidelines. If the borrower is in bankruptcy, it may make the process of getting the loan a bit more difficult but not impossible.

With a reverse mortgage, a homeowner can get the funds in multiple payments or in one lump sum and the loan does not have to be repaid until the home is sold, the owner dies, or is put in an elder care facility. In essence, a reverse mortgage is paid with the homeowners equity in which the principal and interest are paid in a manner similar to an annuity.

Before being approved for the reverse mortgage, an applicant may be required to get financial counseling to make the borrower aware of the short term and long term ramifications of........


"It's rare when you have everything going perfectly all at the same time."
~Sigourney Weaver~


Funeral Expenses

Although you may not want to think about your own death or about having to bury a loved one, you should consider the fact that death is going to come.

As we all know, death is just as much a part of life as being born and living. Eventually, we will all face death and regardless to how much we try to put it off, it is going to happen sooner or later. This is a fact because death is one of life's most bankable certainties.

There is a misconception that most people don't think about dying. Actually, at one time or another, most people do think about their own death. If this wasn't true, no one would bother about purchasing life insurance policies or getting involved with other burial plans.

Funerals can get very expensive. The Federal Trade Commission (FTC) recently issued a report which stated that most people don't have a clue about funeral expenses and the report also states that a funeral can be the third or fourth most costly expenditure that a person we will ever pay.

It is estimated that the average cost of a funeral runs between $6,000 and $10,000 dollars. Of course, a funeral can cost more, much, much more, and there are those that cost less. Like everything else, the cost of funerals keep going up and if you haven't had to handle funeral arrangements lately, the costs may be somewhat of a shock.

How an individual is laid to rest has a lot to do with planning and thinking ahead. Planning for the eventual death of loved ones, and yourself, should be taken seriously and should not be left to chance. It is difficult to make wise decisions while in a state of grief and not having enough money to bury a loved one is very burdensome.

The worst case scenario is to find that a loved one has died without life insurance or without the necessary funds put aside to pay their own funeral expenses. This causes stress, disbelief, and in many cases, feelings of anger towards the deceased. Having to raise money to pay for a funeral may also cause friction between........


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Definition of the week...What is Medicare?


"Simply put, you believe that things or people make you unhappy, but this is not accurate. You make yourself unhappy."
~Wayne Dyer~


The New Color of Success:

Twenty Young Black Millionaires Tell You How They're Making It
by Niki Butle Mitchell

Today, black entrepreneurs are starting businesses in record numbers and filling the boardrooms of some of the most dynamic companies in the United States. They are builders, writers, and CEO's. They're pilots, producers, and presidents. They're businesspeople who inherited nothing from their families but a willingness to work hard and to think big.

In The New Color of Success, you'll meet more than 20 young black millionaires who are living the American Dream—and changing forever the face of business in America. Author Niki Butler Mitchell digs into the lives of these talented entrepreneurs to uncover the secrets of their success.

You'll discover what their childhoods were like, the effect education had on their lives, who their role models are, and how they achieved their dreams. You'll meet extraordinary achievers such as:

Robin Petgrave, whose $4 million flight-training school and helicopter tour service began with $300 and a telephone.

Yvette Lee Bowser, producer of the hit television comedy Living Single and head of her own highly successful production company, SisterLee Productions.

Daymond John, J. Alexander Martin, Carl Brown, and Keith Perrin, the founders of the $350 million........





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