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Casual Articles - The Benefit Of Paying Off A Mortgage Early Goes Way Beyond Just Numbers
It has just come to your attention that a customer filed a complaint about Mr. Smith, one of your employees. While your gut tells you that the customer may have overreacted a bit, there’s enough information to warrant a meetin
Florida is a lovely place to have a house in; unfortunately the real estate prices are rather forbidding for most. And for someone with a bad credit past, it gets tougher. However, if Florida real estate has is in your dreams,
On one level it makes sense. After all, if you could earn an average of 10% a year by investing in a mutual fund or something, you would end up with more money than you would by paying off a mortgage with a 6% interest rate. The only problem with that strategy is that the 10% possible annual earnings in an investment is not guaranteed. Earning 6% by paying off a mortgage early is guaranteed (Yes, I'm well aware of the home mortgage interest tax deduction. But you pay taxes on investment earnings as well).
The only risk free rate of return is considered to be the three-month U.S. Treasury Bill rate. The interest rate for the three-month T-Bill is currently less than 4%. Anything you try to earn above 4% involves a certain amount of risk. I know as well as anyone that you have to take risks to be successful. However, it's even easier to take risks on your investments if you own a home free and clear. So, by all means, take risks to get a higher rate of return on your investments, but your primary residence is not an investment. It's a place to live. And when it comes to your
Life consists in what a man is thinking of all day. Ralph Waldo EmersonThe difference between a goal and a dream is the written word. Gene DonohueYou’ve been driving around looking at houses. You’ve
The only risk free rate of return is considered to be the three-month U.S. Treasury Bill rate. The interest rate for the three-month T-Bill is currently less than 4%. Anything you try to earn above 4% involves a certain amount of risk. I know as well as anyone that you have to take risks to be successful. However, it's even easier to take risks on your investments if you own a home free and clear. So, by all means, take risks to get a higher rate of return on your investments, but your primary residence is not an investment. It's a place to live. And when it comes to your
If you have a bankruptcy on your record you can still qualify for a good mortgage loan. Here is what you need to know to make the mortgage process easier.Qualifying for a mortgage after a recent bankruptcy seems like a
The only risk free rate of return is considered to be the three-month U.S. Treasury Bill rate. The interest rate for the three-month T-Bill is currently less than 4%. Anything you try to earn above 4% involves a certain amount of risk. I know as well as anyone that you have to take risks to be successful. However, it's even easier to take risks on your investments if you own a home free and clear. So, by all means, take risks to get a higher rate of return on your investments, but your primary residence is not an investment. It's a place to live. And when it comes to your
As your cleaning company grows and your client list expands, you'll soon realize that you can't do it all yourself. Hiring, supervising and taking care of payroll are very time-consuming measures. Rather than putting an employ
The domestic kitchen furniture segment in the United Kingdom experienced steady growth in the early part of this decade. However, the overall market value declined in 2005 for the first time since 1999.The market experi
There is another good reason for paying off a mortgage early, and it can't be quantified. It's the psychological factor of being completely debt-free, including your mortgage. It's a liberating feeling that's hard to describe unless you've done it. And the longer I'm in the financial arena the more I appreciate the fact that the emotional satisfaction of what someone does with money is much more important than just simply crunching numbers.
(c) Larry Holmes
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