We must be suffering an epidemic of bad credit scores. I make this claim because I know how the law of supply and demand works. When demand increases, supply will increase and this is what we have seen over the last several years in the credit report and “credit repair” industries. Everywhere you turn today – your email in box, web pages, radio, television – is full of advertisements urging you to sign up for some new credit reporting service, or if you have a credit rating problem to enlist their services to fix it. It’s a common story today If you’re one of...
What Hard Money Lender Los Angeles can do to Help You Even if you just scan the headlines once a day or so you’ve probably seen a story outlining how ill-prepared most Americans are for retirement. The statistics are alarming. According to a 2014 survey done by the Employee Benefit Research Institute: – Only 64 percent of Americans have saved any money to supplement their Social Security benefits, and… – Even those with some savings don’t have enough, with about six in 10 having less than $25,000 in retirement savings. We know that many fail at...
Have you ever had a nightmare where you discover one day that everything you believed to be true turns out to be wrong? I read an article in the “Money” section of U.S. News and World report the other day that listed 10 common investing rules that don’t apply anymore. I think this is a very common phenomenon and not only in investing and finance. We get something driven into our heads when we’re young and unless we go back to school, we seldom get a chance to benefit from more current thinking. Did you know, for example, that you won’t necessarily drown if you...
Wouldn’t it be great to be protected from rapidly rising taxes? The answer to that question is always a resounding “Yes!” and in California we have that protection – but it comes with a big “if.” You have fantastic protection against rapidly rising taxes if you own a home. I suspect many of you reading this are too young to remember when Proposition 13 was passed by California voters back in 1978. It was a financial watershed event that has made homeownership critically important in our state by giving homeowners protection from skyrocketing property tax bills....
