Money: The Rules of EngagementWritten by Telian Adlam
Do you want to be a millionaire? Well, then it’s recommend that you learn rules of engagement early on. These rules are also known as Rockefeller rules. Some of them may seem hard at first, others may seem pointless, but fact of matter is - each one has its own purpose and helps you to create wealth you desire. Reading them and acknowleding them is one thing, but implementing them is another - to reap full benefits, try it out. If you don’t like it or don’t find your finances improving, you can always stop.1 - First and forement, repsect your money always. This may sound like an odd concept, but I assure you, it is not. Money is money, whether or not it is one penny, one dollar bill, or a one million dollar check. Money is not root of all evil so there is no reason to fear it. Money cannot buy you happiness - it can only buy you things. Once you understand that money has its own energy - neither good or evil - and it takes on energy you bring to it, then you can begin to accumulate more of it in your life. 2 - Tithe first 10%. Notice that only one thing comes before tithing - respect. You may not be religious or spiritual (and frankly, you don’t have to be), but tithing (or sharing) your income with an open and willing heart can pay for itself tenfold. Remember when you share with others, you are bringing light into their world and if everyone shared a little light, there wouldn’t be any darkness. Be careful where you tithe to as well, share with a place that is known for sharing with others - your church, your community center, your favorite research foundation - idea is to share as much as possible. 3 - Pay yourself next 10%. This doesn’t actually mean give yourself a paycheck per se, it means put money in a savings account. Once you start saving your money, you begin to accumulate wealth, but save wisely - make sure you are getting a great interest rate. If you’re daring, I would suggest joining Motley Fool Investment Community and investing in long term stocks - Sharebuilder offers an awesome value for novice invester. 4 - Live on rest. This should actually be, live below your means on rest. Once you’ve tithed 10%, paid yourself next 10%, now it is time to start living. This is hard for a lot of people in this day and age because far too many people live above their means and find themselves in debt up to their eyeballs (to include myself at one point). The good news is, simply adjusting a few simple things in your life can get you on right path, such as setting up a monthly budget and sticking with it, getting your home to be more energy efficient (I still have that same halogen lightbulb I bought 6 months ago and it’s going strong), or forgoing evenings “out on town” for an evening “painting your living room red". If things are really tight, it’s a good idea to start paying yourself 2-3%, but make sure amount steadily goes up to at least 10% as you actually begin living below your means.
| | The Best Time to Inspect - Part 1Written by Wally Conway
Home inspections conducted prior to a home being placed on market is one of wisest moves a seller can make. The initial response from sellers when approached with idea of an inspection done as home is about to be put up for sale is most always same - "What?!"Let's review a few of most common concerns about Pre-Listing Home Inspections. 1. "The buyer will not accept an inspection done for seller." That is correct! The inspection done for seller is not intended to replace inspection done for buyer. The purpose of pre-listing inspection is to put seller in control! Given that no good surprise can come to seller during home inspection, regardless of when it is done or whom it is done for, it makes perfect sense to get every strand of information as soon as it can be gotten. Bad news doesn't get better with time. If there is some bad news, or more correctly, some items that needs attention or might have an impact on home's value, who better to receive that information than seller? And when is a better time to receive that information than before home is placed on market? The simple fact is this - a home inspection at time of listing will put seller in best possible position. With complete and clear view of home's strengths and weaknesses, home can be marketed to best benefit of seller. 2. "I don't want to pay for inspection." This is certainly understandable. The seller generally perceives that inspection is intended for buyer, hence, should be a buyer's responsibility. But to have benefit of information it must be paid for. Never have we had a complaint from a seller about value of inspection! In every case at conclusion of a pre-listing inspection, seller felt they had made a good choice in spending money to get inspection done.
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