Monthly Archives: February 2009

Stimulus Update

Here are some additional points to consider from the stimulus package.  For more information see the previous post entitled ‘The Stimulus Package’

Tax Credit Versus Tax Deduction

It’s important to remember that the $8,000 tax credit is just that… a tax credit. The benefit of a tax credit is that it’s a dollar-for-dollar tax reduction, rather than a reduction in a tax liability that would only save you $1,000 to $1,500 when all was said and done. So, if a homebuyer were to owe $8,000 in income taxes and would qualify for the $8,000 tax credit, they would owe nothing.

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The Definition of Religion

The Definition of Religion

Inherit within each of us is a desire for happiness. I also believe that every person born in the world is born with a spark of light that is good, moral, virtuous and honest. Environmentally we are conditioned to want wealth or comfort which is a positive drive if done under correct principles or as the Founder’s explained it, religiously. Although our world is vastly different from 200 years ago it is yet identical.

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The Stimulus Package

Economic Stimulus Plan Benefits the Housing and Mortgage Industries

Information taken from Mortgage Market Guide: Barry Habib and Sue Woodard

February 17, 2009

Just signed and sealed…a $787 Billion Stimulus Plan made up of tax cuts and spending programs aims at reviving the US economy. Although the package was scaled down from nearly $1 Trillion, it still stands as the largest anti-recession effort since World War II.

Home owners and potential homebuyers stand to gain from key provisions in this stimulus plan. Here is what we know as of today…

Tax Credit for Homebuyers

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The Left Wing & Your BOD Meeting

The Left Wing & Your BOD Meeting

The Board of Directors meeting was created as a means to help people improve their ability to communicate and accomplish goals. By following the provided agendas, you are able to eliminate horizontal communicating and increase production during the same amount of time.

We have learned that trying to make a decision or accomplish a goal can often be hindered when negative emotion or emotion without logic is use for the decision making process. For maximum results, the logical brain needs to supersede the emotional brain. Why? When the emotional brain takes control, decisions are made without considering consequences.

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Who’s in Control? The Left or the Right?

The Meaning of Left Wing and Right Wing

Definitions to Establish Clarity of Discussion

Have you ever said something that in your mind was absolutely clear only to have your words misconstrued by the respondent?  As a result of ambiguous interpretations and definitions of sensitive words and concepts, I’m setting forth my definitions to help all understand my meaning.

The purpose of these blogs is to illustrate and teach systems of happiness and wealth to my clients.  By using historic success stories, the student can better position himself to avoid mistakes made by others and enjoy the fruits of a well-balanced system.

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Loan Modification

What is a Loan Modification?

A Loan Modification in its simplest form is modifying your existing mortgage loan. It could be to lower the interest rate, or to write down some of the principal, or both. It is not always a new loan, but in some cases it could be. The idea is to help the borrower stay in his home at a payment that he can afford each month.

There are all kinds of horror stories about bad loan modification which is why it’s best to have a professional do it. What happens when a bank does the loan modification directly with the client? 

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Loan Modification Update

                                                 Modification update

According to Marietta Rodriguez, director of the national homeownership program for Neighborworks America, “Financial institutions need to be more aggressive about modifying loans en masse.”  She continues by saying, “they need to reduce payments to no more than 28% to 31% of a borrower’s income, which may entail forgiving part of the principal”.

According to an article in the Wall Street journal today (Feb. 12, 2009),”lower payments also may be made available to people who have not yet fallen behind but are in danger of doing so.”

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Financial Blueprint

Our nation has an incredible heritage.  Her historical blueprint is not well understood and therefore we exist in a current political maelstrom.  Those who remember her past are in a battle with those who do not.  Rather than see the end first and work toward it striving to do what is right, the vision among our elected officials is short-sighted with the motivation of I’m right.

Each of us has our own financial blueprint.  Our values, standards, and very importantly, our relationship with money was created at a young age.  In fact, take your mind back to when you were between 6 and 9 years of age.  What did you know about money?  How did your parents relate with money and what did they teach you?

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6th Principle of Sound Government

6th Principle of Sound Government

All men are created equal.

One of the self-evident truths Jefferson wrote into the Declaration of Independence is that all men are created equal.

To clarify the meaning behind equality, it is accepted that all men are not literally equal in any manner.  We are all different at birth.  Some are born with greater athletic skills and some are born more intellectual.  Some are born with social status while others are born into poverty.

In other words, sometimes the difference stems from innate skills and other times the difference stems from environmental causation.

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What’s a Billion?

I received this e-mail from my friend John Fogliani: enjoy.

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