Financial Resolutions for The New Year

Now 2008 is going to end & this is the good time to spring clean and take control of your finances. Please take a look in this following video it may help you to make next year a better one financially.



I hope after seeing this video you can fix your new year financial resolutions. If you want to add anything with this article you most welcome. I need your suggestion to improve my knowledge. Finally, wishing all my visitors a very "Happy New Year" in advance.

5 guidelines to manage your debts:

Due to some reasons you borrowed somuch debt in our life. So, it will create a huge debt which you bound to pay but you don't have that much of capability. Then you start making excuses about why you're in debt. There is no need to blame the credit card companies or your parents. Put that energy into reducing your debt.

Now you need to take some steps to overcome this debt problems. 1st you share your problems with your family members or with your close friends, If you are unable to share with them go to any debt consolidation company. They mey help you in a very scientific way.

At the very beginning you just estimate your total debt. After calculation you have to go for some important steps. Here are some points below which you need to keep in your mind....

1.Never avoid the "Budget" word:

The best way to start reducing debt is to set up a budget. Because it is very important to know where your money goes. You just add up your income & subtract your expenses, then go for budget planning. But be honest about you.

2. You need to make your plan:

Now you just use your budget to help you plan your debt-reduction strategy. Make a list of all your debts from the highest interest rate to the lowest. Then try to go for high interest debts. Your budget will help you in this matter.

3. In the matter of debt consolidation:

If you are going to repay your all debts after taking a huge loan from the debt consolidation company. Please read all the terms & conditions. After that just think it is helpful for you or not.

4. Face up to your caredit cards:

When you will become debt free then also manage your budget to avoid any same problems. Use your credit cards if there is an emergency. And a low interest credit cards with maximum facility.

5. If the collectors will knock you:

You need to keep in your mind that what rules & regulations debt collectors suppose to follow. If they are not following that treat them in a very correct way.

I hope all the above guidelines will help you to managing your debts.

Purchasing gold is the smart move in this financial market :

We are not able to disagree that gold is the one of the most oldest & valuable commodity in the world. So, the habit of investing in gold can also bring the investor untold riches because gold is one of the most stable material in the category of precious metals. The gold market has always been bullish and is steadier when compared to other investment such as the stock market. Apart from this gold is not affected easily because it is a universal currency recognized by every single bank across the globe.

Now, we need to think why we will go for gold? Here is some true reasons behind this investment.

1. When the breaking currency is going on gold may protect yourself.

It is not important that you are from which country. But if your country's currency will suffer a downfall at a particular point of time. Gold, will help you through retaining its true value and can help you protect your wealths because it does not trust on the state of the country's economic, whether it is on the up or downtrend. We can go for us doller as an example. When the US dollar continued its decline between the years 2003 and 2004 due to some terrorism and political issues, the value of gold continued to ascend.

2. Gold will be your wealth insurance during the political unrest, wars & natural disasters:

If you have previously invested in the stock market, you would realize that financial markets such as these are very easily affected by global happenings such as terrorism and war. The 9/11 incident is a good example how financial markets can be at a standstill for extended periods of time and can cause billions of dollars of investment funds to be lost. Gold, on the other hand, will maintain its stability even when times are bad.

3. Gold provides excellent price appreciation and untold profits.

After the infamous stock market bubble burst during the early turn of the millennium, many investors realized that they are better off putting their equity in something more stable and enriching to their investment portfolio. And unlike other financial markets, investors can invest in gold for better peace of mind as they need not worry about the consequences that come with inflation.

Note: When not to buy gold :

It is not sensible to buy gold when there is an uptrend. If it is suddenly deemed "trendy"; to invest in gold due to widespread speculation, chances are gold prices will plummet very soon, leaving you devoid of your hard earned investment funds. Be wise and learn when is the right entry point when you want to grow a gold egg nest.

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Understanding The Financial Crisis--For Kids and Grownups

Now financial crisis is a known problems all over the world. Everyone want to overcome this problem. But many of us don't know the exact reason of this crisis. So, If our kids & grownups will ask anything regarding the reason of this financial crisis. What will be our answer?

Here is the answer...



I think after watching this video it is littlebit clear to all. What is the reason behind this financial crisis. So, we will able to give the answer to our kids & grownups regarding this. It will help them also to prepare for the situation.

Help to come out from debt problems :

Everyone want to come out from debt problems if they have any debts. Here is a video below with some possible tips which may help you to come out from debt problems.



I know this video is not enough to solve this problem called “debt problems”. But you can start your debt free journey with a little bit idea which you got through this video.

Few ways to avoid mortgage scam.

The Mortgage Asset Research Institute came out with its quarterly report which showed mortgage fraud is on the rise. The most possible way to avoid mortgage scam is to stop borrowing money anytime. If you will go for any mortgage & sign the contract then they will control your life. Always try to be free at any cost. Here are some possible ways to avoid mortgage scam

• You need to understand the terms of your loan through verifying their documents.


• Never sign any blank document or loan documents that contain blanks.


• Need to check the written information to include recent comparable sales in the area, and other documents such as tax assessments to verify the value of the property.


• Appoint an attorney Understand what you are signing and agreeing to.


• Do not let anyone convince you to borrow more money which you are unable to pay.


• Do not provide any wrong information while signing the contract.


• You need to check the title history to determine if the asset has been sold several times with in short period of time. It means there may be some problem in that asset.


• Try to gather information from real estate and mortgage professionals. Need to verify the licenses of the industry professionals with state, county, or city regulatory agencies.


• Beware of cost or loan terms at closing that are not what you have agreed to.


• An unexpected promise for extraordinary profit in a short period of time may create a problem.


• Beware of unknown persons, as well as high-pressure sales rules.


• When you are going to purchase any home try to gather information regarding prices from your neighborhood.


• Beware of "No Money Down" loans. Because there will be hidden rules which you will never accept if you can know it before signing the contract.


• Just review all the required documents which you need to sign to avoid all the inconvenience.

So, as per the survey report if any person will avoid those above points it may reduce mortgage scam.