In today's world, it is important to educate yourself on financial and investment issues. Life is becoming increasingly unstable in this globalizing world, jobs are no longer safe and stable and governments are increasingly unable to control the large corporations who provide employment, so with the wealth that you do accumulate, it is vital to invest wisely to build for the future.
There are some great products specifically designed to educate you on financial issues. There are some very well-known companies who have websites marketing information, courses, products and services on investment philosophies, mind-sets, strategies and techniques. These educational products are available in every sphere of investment from information on how rich people actually get rich, business investment, real estate, stockmarket investment, currency trading, share, CFD and futures investing, and so on.
Any information you want and need is available on the internet somewhere. In addition, some sites bring a range of such products and services together in one place, for example a website, in order to provide a one-stop shop on financial and investment education. These sites are highly valuable resources often providing free resources in addition to products and services for purchase. A person looking for education on investment and finance can either look in a wide range of sites for all the information needed, but it makes more sense to visit a one-stop shop.
It is time for everyone to learn more about money management and how your lives can be enhanced by taking the time to become educated on your financial future.
What the Fed Cut Means to You
Are you lost in a sea of questions and confusion when you hear about rate cuts? The average person usually shruggs their shoulders, because one overpowering questions is ruling their minds, "How does that effect me?" Today, amid plummeting global markets getting skiddish about a possible US recession, the Federal Reserve came in with a 3/4% interest rate cut. As of this morning, the market was dropping at an alarming rate, and within a few hours of the cut, the market had returned by about 75%. So, basically, who cares if you cannot break it down for me. The cut is designed to stimulate the economy and bring good things for the average citizen:
1. Re-adjusting mortgage rates will still adjust, but at a lower rate, making monthly payments possible and/or less painful.
2. Interest on existing and new home equity loans (HELOC's) will be lower.
3. Credit card rates will be lowered saving the average family $30 a month on payments.
4. Auto loan rates will be lowered.
5. No change will be made regarding jumbo loan rate (loans greater than $417,000)
It often takes consumers 1-3 billing cycles to be affected by the changes, but if you are looking for a new loan or to refinance, the savings will be immediate. This can often mean the difference between foreclosing and keeping your home. The only thing better than a rate cut is coupling it with a tradelines or seasoned primary account purchase. If you are in danger of foreclosing on your home, refinancing after the rate cuts may benefit you by putting you in a more comfortable loan and a monthly payment you can afford.
Ted Stearns, owner of TradeLine Solutions, a San Diego based credit aide company, is not a newcomer to the world of finance. His experience began as an options and futures broker with Currency Trading International about 12 years ago. Since then he has been a financial advisor who hosted a live radio show on AM 1000 KCEO for four years, educating callers and listeners on stocks, bonds and various investments. Over the last five years he has delved into the nationwide mortgage business informing both clients and lenders alike in the arena of purchasing and refinancing.
1. Re-adjusting mortgage rates will still adjust, but at a lower rate, making monthly payments possible and/or less painful.
2. Interest on existing and new home equity loans (HELOC's) will be lower.
3. Credit card rates will be lowered saving the average family $30 a month on payments.
4. Auto loan rates will be lowered.
5. No change will be made regarding jumbo loan rate (loans greater than $417,000)
It often takes consumers 1-3 billing cycles to be affected by the changes, but if you are looking for a new loan or to refinance, the savings will be immediate. This can often mean the difference between foreclosing and keeping your home. The only thing better than a rate cut is coupling it with a tradelines or seasoned primary account purchase. If you are in danger of foreclosing on your home, refinancing after the rate cuts may benefit you by putting you in a more comfortable loan and a monthly payment you can afford.
Ted Stearns, owner of TradeLine Solutions, a San Diego based credit aide company, is not a newcomer to the world of finance. His experience began as an options and futures broker with Currency Trading International about 12 years ago. Since then he has been a financial advisor who hosted a live radio show on AM 1000 KCEO for four years, educating callers and listeners on stocks, bonds and various investments. Over the last five years he has delved into the nationwide mortgage business informing both clients and lenders alike in the arena of purchasing and refinancing.
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