Now, to get a productive business that earns a good return for you, you need to keep adding “employees” to your business by saving your money and investing it. Whether it’s a dollar or twenty dollars, every “employee” counts. The wealth creating habit you want to cultivate in this regard is to save and invest your dollars rather than spending them on things that will give you short term pleasure but no long term benefit. Remember that every dollar you turn into an “employee” rather than spending in moment will work for you for rest of your life! Think about that next time you feel tempted by some new trendy thing you’ve just got to have!

How can you get started on building this wealth creating habit in your life? It’s easy. At beginning of each day, spend a few minutes experiencing what it would be like not to have to go to work every morning, but to be able to choose whether you want to work or not. During day, as you are faced with spending choices, bring that experience back into focus to help yourself choose wisely. At night, keep a journal of your spending decisions for that day and note what percentage of time you chose wisely. Your goal? To increase that percentage gradually to 100%.

Most experts say that it takes 21 to 40 days to create a solid new habit. That’s not long when you think about it. All you have to do is get started – now. Good luck!

Fact number four: The rules change if your loan is a conventional, because these loans are not FHA or VA insured and they normally do not have a loss mitigation department, you will need haft of amount of your reinstatement to be considered for a workout.

These are investors type loans and it will take me more time to explain what it all means than I have room for in this article.

Early I mention you are probably talking to wrong person when you contact your mortgage lender, you need to request name & number of representative in loss mitigation or foreclosure department who is assign to your case. Do not talk to collection department or you will surely lose your home.

When making call, be aggressive until you get right person, if you sound like a whimp and don’t know what you are taking about, they will only react slow and put your case at bottom of pile. Note: Be tactful.

Request a loan workout package, complete and return forms as instructed.

Secret: When completing financial statement after all expenses are subtracted from net, you must show at lease haft of your mortgage payment as a residual to qualify for a workout.

Secret: When giving your hardship statement, do not tell your mortgage lender that you mismanage your money, that is a sure case you will be deny.

Do not contact your lender’s attorney, they work for your lender not you, they can’t help you.

Tip: Give your lender all require documents. If any information is missing, it will only delay your case and their response is, why bother, if you don’t care, why should I.

You have been given some value information here that will help your save your home from foreclosure. Before you move or file bankruptcy, use these strategies first and you will be surprised that you can save your home. Until your workout is approved, start saving your money.

Bobby Johnson is a comprehensive financial planner who speaks on topic”How to Eliminate Debt and Build Wealth” and author of “How to Save Your Home From Foreclosure and Not Lose Your Mind” http://foreclosurmanual.ieasysite.com/ For information on hiring Bobby to speak for your company, corporation, church or event, call 770-210-8797 or e-mailing Bjohn54928@aol.com