Here's some sound financial help that will steer you clear of so-called debt recovery "services" promising to fix your mortgage problems:
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I stumbled on an article the other day from the New York Times on Fannie Mae and began reading it. Suddenly
in the middle of it I realized I was reading a reprint of an article by
Steven Holmes from 1999. I couldn’t help but be chilled by some of
what I read about the financial problems the mortgage industry
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I read Peter's blog with interest and thought I'd add my own take on the American millionaire mindset....
Did you know that the average wealthy American has $1.4 million in
assets, and $275,000 in debts, for a net worth of $1.1 million?
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vFew people today consider hanging on to a house or a job for two or
three decades…but that’s exactly how some of the nation’s millionaires
became so wealthy. They bought a house 30 years previous and hung onto
it until it appreciated into a half a million dollar asset, then sold
it.
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The new Credit Card Act of 2009 that was signed by Obama, immediately
sent the big banks into a tizzy, changing their interest rates, fees,
and terms so that they could maximize profits before the bill took
effect. The result? Many credit card interest rates have now
skyrocketed to well over 29%.
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There’s nothing more disturbing to me that watching some of my clients
feel obligated to take care of every financial need their child has.
I’m not surprised by this behavior, however, because I think it stems
from a cultural expectation that began with the Baby Boomer generation
around the end of World War II. It’s my belief that young couples who
began having childrenv
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By the time people come to see me, they’re usually in severe financial
distress. They are always amazed at how quickly they can begin to turn
their troubles around by making the following improvements, simultaneously:
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