Personal Finance Worries? Written by John Q. Miller
Are you nervous about your personal finances? The irrational exuberance of 90s that led to double-digit gains for almost any investment portfolio is over. Now, you might consider yourself fortunate if your investments are losing less than S&P 500. Add investment worry to regular personal finance worries of meeting your monthly budget, slaying debt dragon, and starting/building that elusive emergency fund. Will your savings and investments be able to meet your retirement, children’s college funds, and other goals? Although no one can see future, there are things that you can do to reduce your worries. Knowledge Is Power Learn and become more skilled in financial matters. The best way to improve your financial education is to read personal-finance magazines, books, and even newspapers. The educational materials sent out by mutual-fund companies and brokerages are also valuable. You may come across conflicting information and advice, but if you read widely, you will eventually get a better idea of how to manage your money. Do-it-yourselfers are not only people who can benefit from learning more. If you use a financial planner and yet are knowledgeable about investments, insurance, etc., you are more likely to end up with a solid financial plan. If you find yourself teamed up with a inadequate or unethical adviser, and you have a good understanding of investing, you are more likely to recognize bad advice.
| | How to Sell Your House By Lease OptionsWritten by Caterina Christakos
How to Sell Your House By Lease Option Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have realtor fees to contend with. There is a simple, easy way to have your payments taken care of for you and find a buyer, so that you can move onto your new life quickly and easily. Homeowners can sell their homes by lease option. What are benefits of selling my house on a lease option? When you lease option your house, you sell right to purchase your home at a set price within a predetermined period of time. During that time, purchaser of lease option pays you a set monthly fee. They pay what amounts to their “rent” to you with provision that they can purchase your house within a certain period of time and have part of rent that they have paid you applied to their final purchase price. Q What are advantages of selling my home by lease option over listing it with a Realtor? By selling your home in this way, you avoid realtor fees and some other closing costs. You also have a tenant who intends to purchase your property. They will take better care of home than a renter would and may even fix it up a bit for you. You also, naturally, have your payments taken care of and keep tax benefits of owning your home, until final sale.
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