Can you afford Not to look After your Personal Finances?

Written by Mika Hamilton


Continued from page 1

Investing is too hard

Investing is too risky

You need a lot of money to invest

Let’s look at each one of these misconceptions.

Investing is too hard You may think that investing is just too hard. But a lot of that has to do withrepparttar terminology ofrepparttar 136314 investment industry. I mean who knows what Fed Fund rates, mutual funds, indexes, or blue chip stocks are? But you don’t need to be scared off by a bunch of words—inrepparttar 136315 end they are just words. Just like you probably didn’t know what PMI was before you bought your first house or what APR was before you got your first credit card, you can learn what these things are. And you will find that they aren’t so hard to learn. And if you seekrepparttar 136316 advice of a professional, they can explain it to you.

Investing is too risky.

Some people haverepparttar 136317 idea that investing is risky. Movies such as “Wall Street”, no doubt, lead people to think that. Butrepparttar 136318 fact is that investing is only as risky as you want it to be. Do you want to take huge risks? You can invest in international stocks. Want to play it safe? Go with bonds. The risk level is up to you and only you.

I can’t afford to invest.

Many people think they can’t afford to invest. But when you look atrepparttar 136319 alternatives (social security may not be there, job security is not 100%), you really have to ask yourself how can you afford not to invest. Andrepparttar 136320 earlier you start,repparttar 136321 more money you will earn. Even if it’s only a small amount,repparttar 136322 money you invest today will earn you big inrepparttar 136323 future.



Mika Hamilton is editor and founder of the Global Investment Institute. http:www.global-investment-institute.com


How to Get the Best Mortgage

Written by John Mussi


Continued from page 1

Ask aboutrepparttar mortgage's annual percentage rate (APR). The APR takes into account not onlyrepparttar 136296 interest rate but also broker fees and certain other credit charges that you may be required to pay, expressed as a yearly rate.

A mortgage often involves many fees, such as underwriting fees, broker fees and closing costs. Every lender or broker should be able to give you an estimate of its fees. Many of these fees are negotiable. Some fees are paid when you apply for a mortgage and others are paid at closing. In some cases, you can borrowrepparttar 136297 money needed to pay these fees, but doing so will increase your loan amount and total costs. "No cost" loans are sometimes available, but they usually involve higher rates.

Negotiate:

Once you know what each lender has to offer, negotiate forrepparttar 136298 best deal that you can. There's no harm in asking lenders or brokers if they can give better terms thanrepparttar 136299 original ones they quoted or than those you have found elsewhere. Once you are satisfied withrepparttar 136300 terms you have negotiated, you may want to obtain a written quote fromrepparttar 136301 lender or broker. The quote should includerepparttar 136302 rate that you have agreed upon andrepparttar 136303 periodrepparttar 136304 quote lasts. When buying a home, remember to shop around, to compare costs and terms, and to negotiate forrepparttar 136305 best deal.

Don't be afraid to make lenders and brokers compete with each other for your business by letting them know that you are shopping forrepparttar 136306 best mortgage deal.

You may freely reprint this article providedrepparttar 136307 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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