Don’t Know What You Want in Life? Play a Game.Written by Kate Hufstetler
Have you ever said any of following: * My life is boring. * I’m tired of this. * There has to be more to life than this.Whether you are finally breaking free of past or just getting a kick start into your future… in order to move beyond complacency you need to know what you want in & out of life. The problem? Most people don’t know what they want. In fact many of my life coaching clients say they are so busy or so stuck that they don’t even know where to begin figuring out where they want to go & what they want for their lives. That is why people seek coaching. But what about you? How about playing one of games my clients use… Its called Magic Wand. If you do this, you can save yourself $220 of coaching fees. Here is how you play: 1) I want you to pretend that I am arranging for one of my friends that is a billionaire to pay for EVERYTHING you want and need during next three years. You must fully get into this concept. It means that not only will your bills and wants be covered, but you can use it to free up time as well by hiring people to help you out when you need to be 2 places at once. In this way you will be free to choose choice of your hearts desire knowing that everything else will adequately and responsibly be taken care of without any hassles, guilt, or demands back on you. 2) Under realization that you have unlimited time and money, pretend I give you a magic wand. You may use this magic wand to create your ideal life. Picture it. Answer these questions to help get you started (then come up with more as you go to help spur yourself). With unlimited time and money: * Where would you live? – What country, state, city/town? -- Would you be near ocean, desert, lakes, mountains, river, or in urban city?
| | Reverse Mortgage ExplainedWritten by Ken Chukwell
Can't remember how many times I've been asked "What is a reverse mortgage"? Reverse mortgages are a great way to get a loan using your primary asset. As in all cases of financial lending, flexibility comes at a price. A reverse mortgage is a loan using your house and is referred to as a "rising debt, falling equity" kind of deal.To compare reverse mortgage to a more traditional one, type of mortgage commonly used when buying a house can be classed as a "forward mortgage". To qualify for forward mortgage, you must have a steady source of income. Because mortgage is secured by asset, if you default on payments, your house can be taken from you. As you pay off house, your equity is difference between mortgage amount and how much you've paid. When last mortgage payment is made, house belongs to you. On other hand a reverse mortgage process doesn't require that applicant have great credit, or even that they have a steady source of income. The major stipulation is that house is owned by applicant. Generally, there is also a minimum age required as well, older applicant, higher loan amount can be. As well, reverse mortgages must be only debt against your house. Differing from a conventional "forward mortgage", your debt increases along with your equity. Instead of making any monthly payments, amount loaned has interest added to it - which eats away at your equity. If loan is over a long period of time, when mortgage comes due, there may be a large amount owed. Furthermore, if price of your home decreased, there may not be any equity left over. On flip side, if it was to increase, this could allow for an equity gain, but this isn't typical of marketplace.
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