That’s right, it’s not your credit score or your assets or your equity or even Location, Location, Location that matter most, it is whether or not you have an income stream capable of supporting your mortgage. Most people think of their home as safest of investments that they have. It can be but only if you manage it correctly. If you have equity in your home, you are subject to risk of loss of that equity at any time you can no longer afford to make your payments. It doesn’t matter how many years you have paid perfectly, if you for some reason can’t, bank will not let you slide for a few months to be nice. As a matter of fact, more equity you have more attractive it is to them to foreclose on you. That to me is exact opposite of a safe investment!

I counsel my clients to understand that most important thing they want to maintain is liquidity. They want to have access to enough cash or near cash reserves that they are in charge or their financial choices.

This may not seem like a revolutionary idea but I would argue it is something that a great many people do very poorly. My clients are above average as far as wealth in their socio-economic groups. They tend to have more wealth per average income or job position than their peers. And most if not all of them have less than 5% equity in their homes!

There are many factors that contribute to wealth and putting your home equity to work isn’t magic criterion that assures you will be wealthy. But consider why these people are positioned this way and maybe connection will become clear. In addition to liquidity, other benefits include increased safety, rate of return, tax savings, elimination of non preferred debt and establishing an emergency side or reserve fund.

Aside from these global auction sites, there are LOCAL classified sites that are transforming Web into spot for neighborhood shopping. These local classified sites offer convenience, selection, and low prices that would expect to find online, along with safety and privacy of local shopping. Best of all, you can feel good about buying from--and also selling to--your neighbors.

Wheel and deal on collectibles, vintage clothing, sporting goods, even real estate-all with people you know and trust in comfort and privacy of your living room or study. The benefits of these local classified sites don't stop with these intangibles. They have concrete advantages, such as:

Spontaneous delivery. Package deliver in your neighborhood may not be instantaneous, but you definitely won't have to wait two to six weeks if you buy something locally.

What shipping? You can agree to drop off or pick up sale item at one of your homes, or meet at a convenient middle-of-the-road spot. You also won't need to worry about finding those shipping peanuts under your couch, your sheets, and in your fridge two months later.