Archive for 'Personal Finance' Category
What To Do When You Become Unemployed
If you have become unemployed or you are going to become unemployed, you need to suck it up in the financial area. First thing you can do is sell off all of the “stuff” you don’t need, and keep the “stuff” you need to live. Sell the boats, motor-homes, extra car(s), equipment, etc. etc. I […]
Zero Down Information
This type of borrowing is a bad idea, unless you have a serious and viable plan for repayment, and house-hold income.
Sub-prime lenders now offer financing packages with zero down. Interest rates are higher on these types of loans, but they make purchasing a house easier. And unlike a conventional loan, there is no private mortgage […]
Personal Finance - Be a member of your local investors group
Joining an investment group (or club) is a superb way to capitalize on your investing habits. There is a wealth of information to be garnished from listening to the ideas of experienced investors. I can’t stress this enough, as some of the best investments I ever made were due to investment group think tanks.
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Personal Finance - Document and record all of the expenses incured from investing
Be smart and record and document all expenses you incure during all your personal financing and investment work. You will likely have telephone bills, travelling expenses, office expenses, postage and P.O. Box expenses, etc. - so keep all your reciepts for the tax man. You will be surprised to see how these costs add […]
Personal Finance - Be wary and understand the wash sale rules
Selling stocks in the act of saving on a tax loss is not allowed if you buy them back within the next thirty day period. If you research the “wash sale rules” you can learn the best way to save on your losing investments.
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Personal Finance - Be sure to use your capital losses the right way
Make sure you record and document all your capital losses so that you can curb the taxes on your capital gains. This can save thousands of a dollars a year in taxes. If you are like most personal investors, you will surely have some investments that lost you money.
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