Money

Thursday, 3 November 2011

Get Money For your Business as per the Terms and Conditions

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Each day millions in free grant money is given away to people just like you and I for a wide number of business and personal needs.
There may be no such thing as a free lunch, but free grant money is definitely on the menu.
Timing is of the utmost importance because most free government grant money is issued on a first come, first served basis.
The best times to apply for free grant money is between the months of January and June.
There is free grant money available for virtually any use including personal.
Most people need help in obtaining personal grants from the federal government because they do not know where to look or how to begin to apply.
One of the better programs to-date is the "Uncle Sam's Money" program.
It's a fact that if each business in America were to apply for an equal share of free grant money / free government grant money and loans, each business

would receive over $70000.

Generally speaking business grants provide the funds needed for a start-up business to get off the ground and become independent.
The smartest thing you could do is to finance your new or existing business with free grant money from the government.
If you would prefer to use a government body to search for applicable free government grant money, then your local business link can provide you with a find

a grant service.
Over a billion dollars in free grant money is allocated for home grants.
A small listing of some of the free government grant money is:

* Down Payment Grants

* Federal Housing Grants

* Home Improvement Grants

* First Time Home Buyers Grants

* Home Grants

You can use free government grant money to purchase your dream home or get free grant money for home improvements.
If you are a low income family the government has not forgotten about you either, for a change.

You can apply directly online for free government grant money, low interest loans and scholarships.
One of the beautiful things is that you can apply even if you have declared bankruptcy or have bad credit.
A large majority of free grant money goes unclaimed each year because many are unaware of their existence or how to apply.
Each day millions in free grant money is given away to people just like you and I for a wide number of business and personal needs.
People are under the belief that government grants are so hard to get, but that is just not true.
Government grants are not advertised, you're not getting your share because you don't know where to go.

How to Get Hard Money At an Ease

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I define hard money as non conventional or private financing with private funds.
This means that they are easier to qualify for.

You may hear the term bridge loan being used in place of the term hard money which is okay it describes one of the main purposes of hard money a short term loan to quickly get from point A to point B.

To sum it up the main things to remember about hard money is quick closings, lower credit guidelines and minimum documentation.
You should never use hard money where you need long term financing, because over the long run, the rate on a hard money loan will kill you (more on hard money rates later).
The hard part of hard money.
Now when I say drawbacks it's not saying that hard money loans are any worst then conventional financing, but it would be unfair to talk about hard money and offer all praise and no criticism.

Well once you know the answer to that question you will know whether you can stomach a hard money loan.
Whether you go to a lender or broker expect to pay anywhere between 2 points and as many as 10 points in fees for a hard money loan.
You can expect a rate in the range of 9% and as high as 24% depending on the lender and the terms.
Usually the shorter the term or the more complex the loan the higher the rate.
In this case it is their money, their rules their rates.
Now this is a thing most people get confused about.

If you do not qualify for the 100% loan a traditional lender will only loan you a portion of the purchase price, even if there is equity in the property they will want you to put money toward the purchase.
In order to get the $80,000 from the bank you would need to contract for $100,000, but you will still need $20,000.
Most hard money lenders have a ceiling of 70%-75% (of course I have heard rumors of hard money lenders going higher) of the current value of the property or of the A.
V.
This is their protection in case of default, a property they can possibly sell quickly because of the equity.
The trick is to buy below market value, hard money lenders like good deals.
This brings us to the next section.
The best uses for hard money

Hard money is not for every situation, here are some ideal hard money situations.
Conventional financing with the rate rollercoaster, paper work requirements, underwriting guide lines, etc.
If you have a deal you need to move on quick you can use hard money and close in as little as 2 days.
A traditional lender will want you to complete the entire process for each loan, some hard money lenders once they are familiar with you, and of course you have a good payment history, will not even need you to submit applications for future loans.
Hard money and rehab properties (fix and flips) go hand in hand.

Most conventional lenders will only lend on properties in move in condition, and if the property does need renovation or repairs that is on you.
So if you are investing in properties to flip or wholesale, and they need repairs or renovations before they are in move in condition then you need hard money.
And you can include renovation costs in the loan amount as long as the total costs don't exceed the limit.
So for instance say you have a property under contract for $50,000 and it needs $20,000 in rehab, to get it into move in condition and has an ARV of $100,000.
(And I bet you didn't think that was possible nowadays)

You have different types of property.

You have a well defined exit strategy.
Because as I said before hard money loans do not have long terms but they do have high rates.

Hard money can be easy, once you know what it is and how to use it.

Money Market Funds: A series of Investment Options

WASHINGTON, DC - MAY 04: Treasury Secretary T...

Image by Getty Images via @daylife
There's really no rhyme or reason behind it except that the next installment will be about Money Market Accounts and highlighting the difference between the two savings options.
Money Market Funds are required by law to provide a safe and liquid investment while at the same time providing returns slightly higher than a run-of-the-mill passbook savings account.
Even PayPal has a Money Market Fund! In fact, at the end of 2003, money market mutual funds had nearly $2.
39 trillion invested in all mutual funds, according to the Investment Company Institute (ICI), an industry group that represents mutual fund companies.
Although Money Market Funds are not insured by the FDIC, no retailer has ever lost money in a Money Market Fund - which has made Money Market Funds infamous for low-risk investing.
0 share price.

Different Flavors
There are a number of different Money Market Funds mainly based on the type of short-term investments that are used as well as the amount of the fund that is used to invest in "illiquid" assets in order to try and earn a larger dividend.
The type of underlying investment might not seem very important, but it impacts the yield percentage as well as the taxability of the fund.
Tax-exempt money market funds invest in short-term securities whose income is exempt from federal income taxes, such as bonds issued by state governments and municipalities.
If you're thinking about a tax-free fund take a look at your tax bracket, the state your in, and monitor the yields that are often more volatile in the tax-free funds.
For example, if you are in the 25% income tax bracket, the difference is 75.

Divide the tax-exempt fund's yield by your reciprocal-of-tax-bracket.
8% and your reciprocal-of-tax-bracket is 75, the taxable-equivalent yield is 2.

In other words, you would have to earn a yield of at least 2.

If your tax-exempt fund is also exempt from state income taxes, subtract your combined income tax rate from 100.

Using the same formula.

Short or Long-Term Investment?
Definitely short-term! Money Market Funds are designed to be highly liquid - meaning that you could cash out in a matter of days.

Potential Risk
Since Money Market Funds are managed in such a way as to minimize risk, the biggest risk involved in investing in Money Market Funds is the risk that inflation will outpace the funds' returns, thereby eroding the purchasing power of the investor's money.

And, as mentioned previously, a Money Market Fund is not a deposit at a bank and is therefore not insured by the FDIC.

The interest of a Money Market Fund is calculated daily, but only paid out at the end of the month unless you sell the fund, then it is paid at that time.

These returns can be compared to the U.
Treasury bill return over the past few years:

BankRate.

Who is this a Good Investment For?
In short, Money Market Funds are great for individuals looking for a safe and liquid short-term investment.
However, you must be aware of the expense ratio so that your interest revenue is not swept away from your brokerage firm.

Are you Sure Money Scams Don't Work

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Imagine that you sell your invention together with full manufacturing and selling rights to 100 people.
The other 99 people clamor for their money back.

They must be right.

My Failures

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Inkjets: I bought a kit to make money by refilling inkjet cartridges.
I would set up a van, and drive round the country businesses in Western Australia, and make money refilling their cartridges each week.
Think how I could make money then!

My main abilities are technical, which suited refilling the cartridges.
The business failed.

Was the idea a scam? No.
Others do make money this way, and very good money too.
This was great.

But the work didn't come in.

It turns out that not all translation is equal to make money.
The manufacturers are happy to help you to make money so that they can make money in larger quantities.
That means that they can't afford quality translators.
It doesn't matter that English is not the native language of the translator.

You will almost always make some money - even if you are a hopeless salesperson.
It is embarrassing when the tax man returns your money with the comment that it is a hobby not a business to make money!

But suppose that you are a brilliant salesperson.
You have found a service where word of mouth soon brings you so much work that there aren't enough hours in the day for it.
Why do you want to make money? To get freedom? Then why are you working 70 hours a week on your business to make money? What kind of freedom is that?

One way is to sell the business for a large sum of money and then build another, and sell that to make money.
You don't make money with no work.
But it is cumulative like a rolled snowball.

Grasp Opportunity

-----------------

I had the chance recently to buy into a business that needs my technical abilities and needs no salesmanship to make money.
You can't get in - the offer was only open for 24 hours.
Fortunately I already had experience of working with the vendor, so my skepticism was low.
If you want to match the opportunity to your abilities you want to have as many opportunities to choose from as possible.

Don't be brainwashed by just one author, but please, don't ask for a refund just because a way to make money doesn't work for you.

One man who became filthy rich from the internet says that he expects 15 out of 16 of his projects to fail.

True Story About Hard Money Lenders

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Who are they? What is it? How do I get some? Is it beneficial? Let me share with you some of the basic principals about hard money lenders.
When money is discussed between investors, it is considered to either be "soft" or "hard".
Hard money, on the other hand, is just the opposite.
Not in that it's more difficult to obtain, but the terms are very specific and much more strict.
This is why hard money is also referred to as "private money".
So their first priority is to protect their investment capital.
If it were your money, you would want the same.
It used to be that hard money lenders would lend solely based upon the deal or property at hand.
Now, you will find that many hard money lenders, if they want to stay in business, require more than just equity to qualify.
Consumer protection laws, time consuming and expensive court procedures, and so on have forced some hard money lenders to become even harsher when applying for a loan.
Here are some of the terms you can expect to see.
This means that a hard money lender can loan you up to 70% of what the home is worth in repaired condition.

Other terms you can expect are high interest rates.
Many times these rates vary depending on your credit score and experience.
Typically hard money lenders will charge anywhere from 2-10 points.
So charging 1 point on a $100,000 loan would be $1000.

Other things to consider are how quickly funds will be available.
Your ability to get access to money quickly can make all the difference.
You also need to be aware of pre-payment penalties.
Try to avoid pre-payment penalties.
Again, it's all about protecting their assets.
Again it all depends on whom you deal with.
Investors also use hard money when they need to purchase quickly.
Sometimes that is to long.
Most like to call it "Nothing Down".
Sure it will cost you money to borrow that money, but the rewards out way the expense.
It could be your next door neighbor.
You can also call a title company or a real estate agency.
Shop around until you find the best one that will fit your needs.
Some will lend nationwide - these typically want a credit check.

To receive a free list of hard money lenders who will lend nationwide please visit Free Hard Money Lender List.

Money Setting Inside Mind

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Mindset, in this context is a combination of thoughts, beliefs, values, and emotions.
No money? No problem! Start here.
This is the amount of money you have that you feel totally comfortable with.
If you have clear, true beliefs about money, you will be rolling in it.
You picked up beliefs such as "I'm no good with money" or "Money is not important to me" or "Money doesn't grow on trees (meaning it's hard to get)" or

"Work hard and the money will come", etc.
When you hear about lottery winners who lost it all within a few short years, this is the principle that makes that happen.
At least not for very long! So we want to raise that setpoint by clearing out limiting beliefs to more closely match our own desires for wealth.
Think about each and look at how they could be affecting your prosperity.
Often, even with healthy beliefs about money, we don't allow money to flow in because we are living small lives.
It is when we stretch out of that box, move into new arenas, try something new, even bold, that we open up our lives to the abundance that has always been there.
So stretch out a bit, see what this opens up for you.
Money is not static, not meant to be hoarded and not meant to stagnate.
It comes in and it goes out.
Some of us have more in than out, some more out than in (probably most people) and some just enough flows in and just enough flows out.
If money is held tightly, one hoards, is stingy, and the flow in and out is blocked.
If money flows out so that it exceeds that which comes in, it starts the debt/fear cycle which further restricts or blocks the incoming flow.
The river is flowing with money instead of water.
So the money coming in is more than ample for your needs and desires. or savings for large desireables.
No matter how little your income, it is important to the flow to be giving.
Look at your income in and expenses out.
What does this picture tell you about your money flow?

Money is what you think it is.
All of this is available to you.
But often we perceive that there is a very limited supply of money for which we must compete.
Some of us think (guiltily) that if we get a lot, someone else will have to do with only a little.
But if you perceive that there truly are oceans and oceans of money available, essentially an unlimited supply, then it frees you to receive in the most miraculous way.
When reading this paragraph, what did your river look like? What thoughts did you have about the pictures you see in your mind? What feelings did it invoke? What can you learn from this about your mindset about money?

Quick Money Making Lessons

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Money is an idea.
It's whatever your own reality is telling you that it is.
If you think money is fun to acquire and you love talking about how to get better at it, then that's the role it plays in your life.
That's entirely up to you to choose.

*Continuing on the previous insight it's again a question of your own context.
If handling money in a productive way is important to you, then financial abundance is a logical and natural goal to achieve.
Everyone has the potential to make a shift in their relationship towards money.
Money does not make you rich.
Being rich, poor or middle-class is a question of mind-set.
A perfect example of this is when somebody acquires a great sum of unexpected money.

*This is closely linked to the lesson above.
The person would only get further in debt and have an even poorer mind-set, I would suffer from having my money jeopardized and our relationship might
suffer in the end even though the initial intention is of a good nature - to help a friend in need.

*The poor, the middle class, the rich, the government, the church, the old, the young, all the companies, everyone has money problems.
It's just a question of which problem you rather have - the problem of no money, or the problem of too much money.
Having more money in contrast to having less money is usually much less urgent and problematic to deal with.
The lack of money is the root of all evil.
Think crimes, riots, insecurity, emotional instability, selling drugs and weapons, poor health care, ignorance due to poor education and much more.

*Money alone does not dictate happiness or unhappiness.
However, unexpectedly not having any money would make me unhappy and unexpectedly getting more money would make me happy.
Therefore, it's pointless to generalize rich people as unhappy or even relatively unhappy compared to their wealth and make this notion stop you from becoming rich.

*Having a lot of money or having very little money does not relate to what kind of values a person has.
It has the power to reveal a person's true nature and intentions once the bets are getting higher.
Accordingly, a truly good-natured person might not show their worth either until the money sums are getting really significant.
The more money you get, the more money you end up giving.
It does not matter how much money you make during your lifetime, every single penny will be passed on to others sooner or later.
Eventually it will all go into other people's pockets, but that's not as important as the lessons you can give in life or lessons you can give on how to handle money.
Money comes to those who know how to handle it.
The better your education about money is, the more it will flood into your life.
It's up to you how financially literate and intelligent you want to become.

*You can generate income both from trading your time and effort for it as well as not trading your time and effort for it.
But, you can do both until you've reached the point where you don't have to work for money.

It's also important to note that people who are financially free don't automatically equate as being either productive or unproductive towards society.

*Sometimes I stumble upon the concept that freedom and security are each others opposites.
There's the freedom of doing what you want as well as the financial security of not being concerned of how to get along and stretch your pennies.
More money does not mean you have to work harder.
It's the 'working for money' model of reality that enforces the notion that in order to get more money, you have to work harder.
One step past this is to start skewing that proportional scale to a greater leverage, but the ultimate step is acknowledging that generating income might not need any form of labor or effort at all.
Money is infinite, not limited.
More money to you does not mean less money to others.
Destroying things of value is what eats up wealth while creating assets is what feeds more wealth.

Money Can Change Our Personalities

Image via WikipediaHow many of you have ever noticed that you are fairly consistent with regard to your behavior and thoughts pattern around money? How many of you wish you had a better understanding of why and how those behaviors and thoughts work so that you could make them more supportive of your financial goals? Great.
let's talk about 'money' personalities.
Once you understand the personality at work, you can work with the personality to inspire lessons that will lead the child to financial self-reliance later on.
Adults in our programs, like Creative Wealth for Women workshop, love learning that they are not alone and that there's ways for each personality to improve their money habits and behaviors.

Most of us understand the meaning of the word personality.
We use different personalities as defense mechanisms, to impress others, to make us feel good, to help us cope with certain situations, etc.

Believe it or not, we have all developed a money personality as well, and learning about these money personalities is important when you're exploring how you and your child deal with money.
They are: the Saver, the Spender, the Avoider, the Monk, the Amasser and the Worrier.
The age-old question of nature versus nurture plays a role here.
They shake their heads, not understanding how three children raised in the exact same environment can end up with completely different thought patterns and behaviors around money.
If the scenario above is you, and you do a little honest digging through your memory, you may begin to notice that you were in slightly different financial situations with each child; perhaps becoming increasingly financially savvy and stable as each child was born or progressively under more financial stress.
In addition, don't forget the powerful effect of the mother's emotional state during pregnancy.

you can see how each person in a family may develop a completely different and unique money personality within the same financial environment.
Once a money personality has started to develop, children see everything from that point of view and through that conditioning.
The main money personalities are as follows:

The Saver-Sammy the Squirrel

Sammy likes to save his money for things he wants to buy and for a rainy day, in case he needs money for something.

The Spender-Manny the Monkey

Many spends every cent as soon as he gets it on piddlystuff.
He also likes to buy things and do things for friends and loves to be the life of the party.
Just mentioning the word "budget" makes him want to run away.
Money is beneath her.
She may feel that money isn't spiritual.
She avoids paying bills, looking at credit card statements or paying back debts.
She doesn't know how much money she has in her wallet, exactly how much money she makes, owes or has saved-if she has any saved.

The Money Worrier-Carl the Clam

Carl worries about money constantly.
No matter how much money he has or doesn't have, he can't stop worrying.

The Amasser-Andy the Ant

Andy wants to see his money grow constantly; saving and investing make him feel powerful and secure.

Each money personality has it's supportive roles and its unsupportive roles.

You probably recognize people in your life that have one or more of these money personalities and since we're not in this world alone, you may want to learn to recognize these personality traits when you get into business and personal relationships with others.
And as we all know, awareness is the first step toward change and change is what we need to keep our kids from being in the same financial mess many of this nation's adults have found themselves in.

For more information about money personalities, read Money Harmony: Resolving Money Conflicts In Your Life and Relationships, Walker and Company, 1995 by Olivia Mellan.

Wednesday, 2 November 2011

This is the only sane way to handle money?

Image by just.Luc via Flickr
However, because money is so important to our well-being, most people's money making efforts end up as neurotic tendencies.
Ironically, some people are miserable no matter how much money they earn.
It is the way you go about it.
Money itself is neutral, neither good nor ill, but it is our attitude toward it that plunges us into cycles of agony or ecstasy.
You may share traits from different profiles.
Clean up these negative attitudes toward creating a good income and you will start to have more money making ideas.

The Inexperienced.
They have only a simple understanding of how to earn it, spend it, or invest it.
Information about money confuses them.

The Casualty.
Instead life runs them, pushing them from one difficult situation to another.
They thrive on the adrenaline charge of trying to survive and chaos breaking loose if they can't come up with the money that they desperately need.

This is a person who goes out into the world and makes money, more than most people even know what to do with.
They learn what to do and how to do it, and they persist.
They thrive on a restless energy.

The Sacrificial Victim.
They only feel fulfilled by giving it away.

The Gambler.
They rarely follow through on any of the ideas purchased.
They spend more money on trying to get money than they make.

This is a person who disdains the material world, believing in the refinement of the mind or the spirit.

The Bully.
They use money not to buy things but to control people who want money.

Finally, there is the Sage.

This is a person who understands how to create money, how to manage it, and how to use it for the highest good, both of themselves and other people.

This is the only sane way to handle money.
What can you do today to heal a neurotic money profile and become wise in the ways of money?

Everything About Money

Image representing Bill Gates as depicted in C...

Image via CrunchBase
The truth then, is that most people go through life almost completely clueless about how money really works and worse, clueless about how to attract more of it into their lives.
We then fail to apply these truths and learn learn nothing from them.
Perhaps therein lies the problem, we get bored when people talk about money so we clam up and stop listening.

So here are some things about money that we should learn and remember.
Money does not attract money, people do.
There is a story about a 20 dollar bill re-uniting with his long time buddy a one dollar bill.
"I have not seen you in a long time friend.

The twenty dollar replies: Man! I have been having the time of my life, from Las Vegas to the Bahamas, the slopes in Colorado to Paris.
How have you been? ask the now giggling twenty dollar bill.
The obvious one is to stop giving one dollar bills in church! But the other point is that the higher value tender ends up in the fun places where people spend a lot of money.
People who give more money to tends to get more, but we will come back to that.

Bill Gates is worth at least 50 billion dollars.
For a struggling online entrepreneur who is just starting out in business, it may be the cost of a 97 dollar auto responder.
The $130,000 a month affiliate marketer will beg to disagree.
Look for the value in what you are getting for your money.
Don't sweat the "big" stuff.
97 a month auto responder will do the job just as well.
Money is good servant but a lousy boss.
The problem here is that this money-worshiper did not become such a person overnight.
Any deviation from this truth, will place you under the control of money.
People who love money hardly remember that money is just a value placed on a coin or a specially printed paper.
It is inanimate, cold, emotionless, and only derive its value from the people who know it and use it.

On the other hand, money can be a docile and obedient servant.
Plus, if you have enough money you can get most things done.

The lesson to be learned here is this.
This will demean your humanity and make you no better than the drunk who is controlled by alcohol, or a lion driven by it's wild instincts to kill, hunt, or procreate up to 50 times a day!

Let your higher, more noble self control your money so it will be a good servant to you and hopefully do some good in the world.
Money is always looking for a conduit.
Here's what I mean.
They usually give away a lot of their money, but they end up getting back more money to give away again! Money needs a conduit.
It's sowing and reaping at its best.
Most people who are stingy and have a few dollars from their stingiest, will be surprised to know how much more they would have had, had they opened their pocketbooks more.

Thursday, 3 November 2011

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Wednesday, 2 November 2011

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