Deep Thought: Financial Advice- House Mortgages

7 Easy Ways to Pay Off Your Mortgage Early daveramsey.com
“..You can join the ranks of debt-free homeowners and make your last mortgage payment sooner rather than later with these seven easy ways to pay off your mortgage early!..

The only type of debt Dave won’t yell at you about is a 15-year fixed-rate mortgage with a payment that’s no more than 25% of your take-home pay. You’ll pay much more in interest on a 30-year mortgage—and, besides, who wants to be in debt for 30 years?

You can refinance a longer-term mortgage into a 15-year loan. Or, if you already have a low interest rate, save on the closing costs of a refinance and simply pay on your 30-year mortgage like it’s a 15-year mortgage. The same goes for a 15-year mortgage. If you can swing it, why not increase your payments to pay it off in 10 years?..”

Pay Off Mortgage Early or Invest? #AskTheMoneyGuy

Should I Pay Off My House Mortgage or Invest the Extra Money?

Should You Pay Off Your Mortgage Before Retirement or Invest? An Expert Weighs In!

Sixty and Me
Published on Aug 8, 2017
There are so many financial decisions to make in the years before retirement.

One of the most important of these questions is whether to focus on paying off your mortgage or investing more in bonds, stocks and other investments.

If you are thinking about paying off your mortgage… or you just want to get more from your money in retirement, this interview is for you!

Fortunately, financial ex…

How to pay off a 30 year home mortgage in 5-7 years

*don’t let your money sit on savings in low interest growth, don’t get on the “cycle” after refinancing and go back, get aggressive!

How to Pay Off your Mortgage in 5-7 Years (Real Estate Investing)

Credit Score?

Can paying off your mortgage hurt your credit score? By Brady Porche | Published: February 27, 2017 creditcards.com
“..In most cases, paying off your mortgage does not help or hurt your credit score in any significant way. It could have a small negative impact if the mortgage was your only installment loan, according to the credit reporting agency Equifax’s website. After all, “credit mix” accounts for 10 percent of FICO’s traditional credit scoring model. But if you never missed a payment over the life of the loan, that could offset any points lost due to the loan falling off your credit report…

If you retain a good score or gain points after paying off your mortgage, chances are you have other trade lines with long, unblemished payment histories. Payment history and length of credit history account for 35 percent and 15 percent of your FICO score, respectively. What’s more, if you never missed a payment on your closed mortgage, that positive information will remain on your credit report for up to 10 years….”

Elderly

Pay Off Mortgage Or Keep Cash? – YouTube

Good News Financial
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Now You Know: How to prepare for “financial hard times” ?

Sal: I was laid off back in 2009 during the “economic recession”, which I learned to be more “frugal” (e.g. buy what was necessary instead of buying what I “wanted”). I learned some “life style changes” that I apply now..

*see Financial Advice? goodnewseverybodycom.wordpress.com

Debt?

Dave Ramsey’s 7 Baby Steps Review: Is This A Debt Management Plan You Should Try? By Peter Anderson 57 Comments biblemoneymatters.com
“..Before The Baby Steps: Making A Decision To Change

Before you even decide to head down the road of using or exploring the 7 Baby Steps, I think it’s important to point out just how key it is that you sit down, talk with your significant other (if you have one), and actually make a decision that you want to change.

A lot of people talk about how to change their financial lives, but never touch on the fact that if you or your spouse isn’t ready to change, it isn’t going to happen. You have to want to change…”

Dave Ramsey’s 9 tips to get out of debt – YouTube

Savings

How To Save $2,000 Fast Without Making More Money

Minority Mindset
Published on Jun 22, 2018
How To Save $2,000 Fast Without Making More Money
0:14 – Saving your money will make you broke because your money in the bank is losing value to inflation
0:35 – The only reason you should be saving your money is to invest and to save for your emergency fund
1:08 – Start by saving minimum of $2,000 for your emergency fund
1:41 – Write down how much money you make and your expenses
2:27 – Save $2,000 as fast as possible so you have to cut out the things you don’t need
3:51 – Stop over paying for your bills so you can save the extra savings
5:09 – Stop having expensive fun until you have started saving money and have a savings cushion

The 7 Best Places to Put Your SavingsBy Jean Folger | Updated September 29, 2017 — 6:00 AM EDT investopedia.com
“..Money that is considered savings is often put into a low risk, interest-earning account, rather than into higher risk investments. Although there is opportunity for larger returns with certain investments, the idea behind savings is to allow the money to grow slowly with little or no associated risk. The advent of online banking has increased the variety and accessibility of savings accounts and vehicles. Here are some of the different types of accounts so you can make the most of your savings.

1. Savings Accounts
Savings accounts are offered by banks and credit unions….”

Credit Unions vs. Banks: What’s the Difference? .thestreet.com
“..The bottom line is that banks are for-profit institutions, while credit unions are non-profit. Credit unions typically brag better customer service and lower fees, but have higher interest rates. On the contrary, banks generally have lower interest rates and higher fees. Banks, on the other hand, often have higher fees but more convenience regarding location, technological efficiency, mobile access, and rewards programs…”

Banks vs. Credit Unions: What’s the Difference? – 2 Minute Finance
https://youtu.be/rfHyQ-8eLC4
2minutefinance
Published on Oct 28, 2011
Thinking about moving your money out of a big bank and into a local credit union? Get the low down on their differences in this two minute video.

For more information and resources, visit our website at http://www.2minutefinance.com. Also, find us on Facebook (Facebook.com/2MinuteFinance) or Twitter (@2MinuteFinance).

Students

Finding the Best Student Savings Account in 2018
“..Student savings accounts are meant to help those in school grow their increasing income long-term and learn about financial responsibility. To ensure that you find the best savings account for the student in your life, we’ve laid out the top student savings accounts for prospective account holders looking for specific account benefits…”

Investing

How to Invest $100 [for 2018] 💵 | Investing for Beginners When You Don’t Have a Ton of Money

Investors with Credibility

Warren Buffett – The World’s Greatest Money Maker

TradingCoachUK
Published on Nov 1, 2014
Warren Buffett is the greatest investor of all time. His decisions about buying shares and companies have beaten the stock market year after year and made him the richest person in the world – thought to be worth 37 billion dollars.

Yet Buffett lives modestly in his native Omaha, in America’s mid-West, and runs his 150 billion dollar business with a staff of just twenty.

He talks to Buffett’s family, friends and colleagues about the man they call the Sage of Omaha, and Buffett’s friend Bill Gates praises his philosophy of life.

National Savings Day nationaldaycalendar.com
“.. sets aside October 12 to recognize those who value the act of saving and to provide simple steps to show getting started isn’t as difficult as it may seem.

Many of us already save every day. We’ve been doing it for a long time. We collect sentimental items because they mean something to us and they evoke emotion. These objects come in all forms. It could be a treasured baseball glove your dad played catch with you; an engagement ring passed down through generations, or boxes full of t-shirts representing years of concerts. We save lots of things for extended periods of time, and they accumulate quite well…”

Moody’s Manual moodys.com
“..is a​n e​sse​ntial component of the global capital m​arket​s, providing credit ratings, research, tools and analysis that c​ontribute to transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries. Further information is available at http://www.moodys.com…”

Financial Collapse History

Collapse of 2008

The 2008 Financial Crisis: Crash Course Economics #12 – YouTube
https://www.youtube.com/watch?v=GPOv72Awo68
*gov’t loans to banks make their spending not wise

The real truth about the 2008 financial crisis | Brian S. Wesbury | TEDxCountyLineRoad

TEDx Talks
Published on Dec 3, 2014

This talk was given at a local TEDx event, produced independently of the TED Conferences. The Great Economic Myth of 2008, challenging the accounting to accounting principal.

Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois.

TARP Bailout Program- Did TARP Help You or the Banks? BY KIMBERLY AMADEO Updated November 15, 2018 thebalance.com
“..On October 14, 2008, the Treasury Department used $105 billion in TARP funds to launch the Capital Purchase Program. The U.S. government bought preferred stock in eight banks. They were Bank of America/Merrill Lynch, Bank of New York Mellon, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, State Street, and Wells Fargo…

In December 2018, President Bush agreed to use TARP funds to bail out the Big Three auto companies. Auto execs warned that the General Motors Company and Chrysler LLC faced bankruptcy and the loss of 1 million jobs. The $80.7 billion bailout lasted from January 2009 to December 2014. Treasury recouped all but $10.2 billion.

Why TARP Was Needed
Fifty-eight percent of Americans said TARP was not needed. But TARP’s purpose was to stop the panic that consumed Bear Stearns, Lehman Brothers, Fannie Mae, Freddie Mac, and AIG. Without government intervention, the bankruptcy of those companies would have led to many more.

Most Americans have never heard of the Reserve Primary Fund. They weren’t aware that on September 16, 2008, they were weeks away from a total economic collapse. If that ultra-safe money market fund had gone bankrupt, trucking companies would run out of cash to pay their employees. Grocery stores would have gone empty within weeks. Without a $700 billion government guarantee, the financial system would have collapsed. The rest of the economy would have gone w..”

Panic: The Untold Story of the 2008 Financial Crisis – FULL EPISODE | VICE Special Report | HBO

*see Deep Thought: How much to “give”? goodnewseverybodycom.wordpress.com

Good News Financial
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Financial Advice?

GoodnewsEverybody.com Financial “Wisdom”, Advice, Budgeting, Tips, etc…

I was raised in a family with financial challenges and I didn’t want to go through the same trials when I got older. After seeking financial wisdom from God through his Word and others that He has put in my life, I’m proud to say I’m financially free from any debts (currently a co-signer for some credit companies for my brother and a friend of mine). I want to share my story with as many people as I can to help them get out of financial debts. Instead of hiding this knowledgleable resources, I want to share this with as many people as I can. Feel free to contact me on any of this or if you have any suggestions, feedback, questions, or even prayer requests….

After doing a budgent analysis 2 years ago, I was able to break down some categories where I put most of my money in. These are the following categories I got in order by month:

Sal:

High School Days

I wished we could’ve learned about “financing” earlier , like in high school. I didn’t really “learn” until after college. I grew up not really knowing how much I needed to “save”. I did save money for college back in my high school days. However, I spent my paycheck in my job(s) like it was “candy” coming out of a “gum ball machine”! For example, I wanted the “cool” expensive “Oakley style sunglasses”. However, I didn’t want to spend that much, so I got an almost “second” to near expensive style sunglasses called “Bolle”. Well, within a week or so, I lost these one-hundred dollar pair of fancy expensive sunglasses 😦 ! I was working my fast-food job at Taco Bell. I didn’t like wearing my uniform before walking (2-3 blocks) to work, so I would carry a duffel bag with my work-uniform and change in the restaurant’s Men’s Restroom. While changing, I forgot my sunglasses that I laid on top of the sink or toilet??? Well, when I remembered this, I went back and it was gone 😦 This was the last time I spent this much on “sunglasses”. Since this “life-learning” experience, I ‘ve bought cheap “discounted” sunglasses (e.g. gas stations, discounted grocery stores, etc…); However, I try not wear them if I really need to now (e.g. driving when the sun is setting or rising in front of me), which is another “health-related” (see => Medical: How to improve your eye sight Part Two? goodnewshealthandfitness.wordpress.com ) long story!

Money Saving Tips For Students | Financial Advice – YouTube

Money Management Tips For Teens – YouTube

College Days!

When I went to college, I was fortunate and blessed (thankful to God) to get a “full-ride” scholarship for 4+ years. However, I still had my “Room & Board” (Fees and Bills) to cover! I lived in the residential halls all 4 years. I look back and wished, I learned how to live “on my own” in “off-campus” housing to learn about “saving money” more! It was expensive living “on-campus” . I should’ve cooked my food and learned how to live in a “house” (e.g. I would’ve learned about utilities and how to “conserve”) off-campus. Well, I was very “gullible” about credit cards. I was “sucked” into applying for every credit card that was given to me in person on campus. I would sign-up just to get a “free” prize (e.g. t-shirt). I didn’t learn much about “credit-limit”. Unfortunately, I would max all of my 3-5 credit cards on this “pyramid scheme” business my sophomore year!

-Credit Cards

Financial Advice for College Students + Credit Card Tips – YouTube

Credit Cards for College Students: Applications, Income … – YouTube

->Budgeting

Budgeting 101 for Current and Future College Students – YouTube

Financial Literacy – 9 things a college student should know

Career Life

Living Paycheck To Paycheck – YouTube

How To Increase My Income?

Misc.

Financial Literacy 101

William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour

Q: Let me know what you think and feel free to reply with any feedback, personal suggestions-financial advice/tips, comments, etc…

more….
http://financial.goodnewseverybody.com/

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