About United Cash Loans 123

United Cash Loans 123 is a non-loan company that focuses on serving our clients with high quality commentary on current events as they relate to various loan industries including cash loans, business loans, mortgage loans and credit card loans. We do not make, sell or service loans. We provide information for educational purposes only.

Kion Kashefi’s 5 Ways to Save Money and Build Wealth in 2015

It is not always easy to commit to a plan to save money and build wealth, but it is a commitment that is absolutely necessary to establishing long-term financial security. According to Kion Kashefi, far too many people focus on the here and now when they should be planning for their financial future. When it comes time for you to develop and implement a plan to save money and build wealth, Mr. Kashefi believes there are five methods that can be quite helpful.

Focus First on Reducing Debt

In order to save money and build wealth, Mr.Kashefi says, you have to first eliminate any debt that you currently hold. Debt obligations that are allowed to linger only cost more and more in the long run, so it is absolutely imperative to develop a strategy to pay down and eliminate those outstanding debt obligations so that you can begin saving money for the future.

Analyze Current Expenses

You should always be in a constant state of analysis when it comes to your current expenses, and it is especially necessary if you are currently in debt. If you have significant debt obligations, it important to carefully consider whether you can actually afford some of the luxuries that you may be spending money on. Mr. Kashefi suggests looking for and eliminating any redundancies and believes that any unnecessary luxuries should be eliminated as quickly as possible.

Develop a Savings Plan

Once a plan for reducing debt is in place and you have cut down on your luxury costs you can begin to develop a plan for savings. According to Mr. Kashefi, it is wise to set aside an automatic deduction each month that goes directly to a savings account. This will require an analysis of how much you can afford to put aside each month, but it is a worthwhile endeavor now that automatic transfers are made so simple.

Invest Wisely

Mr. Kashefi believes that meeting with a financial planner is quite helpful when designing an investment plan. When meeting with the planner, make sure that you outline all of your short- and long-term goals and make sure that you discuss the amount of risk you are comfortable with when it comes to your investment. You and your financial planner can then design a plan that is best suited to your individual financial goals.

Increase Contributions Toward Retirement

If you work for a company that has a retirement contribution program, Mr. Kashefi believes that you should maximize the contribution to this program as soon as possible. Most companies that offer these programs set a limit, and it is often best to contribute as much as the company will allow so that you can benefit well into the future from a robust retirement account.

Day Older…Deeper in Debt

Is the goal to die with the most money owed cause if it is I’ve got that prize. If you are debt freeuntitled (389) untitled (388) well I don’t understand it.  How do you have anything without a fat mortgage to pay for it.  Us working stiffs are destined to die poor and in debt.  The real goal is to have more toys.  Well go buy some toys on the credit card and soon you will be drowning in debt.  The best plan is to pay your bills and hope for the best.  Joe Olujic is deep in debt and will be giving me a run for the prize.

Refinance It

With the current low interest rates the time is now to refinance.  You have to consider the loan fees so it is not always in your favor to refinance.  In most cases there will need to be some calculation before going forward.  In some cases you can shorten the length of your current loanuntitled (210) untitled (209) while keeping the current payment.  That would be a win in my opinion.  I can remember the nine percent home loans of the eighties.  I wish there was a three percent option.  In the April 2015 interview I demonstrated how easy a refinance can be. Go and see if you too can save money by refinancing.

Bad Credit…Bad Loan

untitled (115) imagesHYRLSPTA If you have poor credit ratings you can only expect to get a bad loan if any.  You will have to accept terms that a good credit rated person would refuse.  The interest rate will be ridiculous. A car loan will kill you.  The payments will be double what they should be.  This will put you on the path to fail.  The best idea is to save up money and buy a used car.  If you need transportation to get to work then you will have to consider public transportation as a stop gap until you save enough for a car.  https://www.youtube.com/user/defendingdemocracy is a place to look at improving your credit rating.

Bad Credit Loan

untitled (27) untitled (26) untitled (25)Is it possible to get a loan with bad credit.  We it depends.  If you dont have any credit then a government loan may be possible but if you have a ding on you credit it will be a problem.  If you do get a loan the terms will be punitive and dufficult to pay off.  I got a loan after bankruptcy but I paid double the interest rate of a normal loan.  That was th price of doing business.  If you have a bad credit score and are suffering from the lack of currency the only thing would be to look for an investor. Ken Fisher will be a good man to ask for a loan.

Invest in Yourself

I think we give away our destiny when we invest money in the stock market.  I think we should take control and invest in wealth creation.  A rental is an example of investing in yourself.  An income property can be an investment for the future.  At age 50 I had to move back into a rental homerental_income_ru2 rental-income I invested in years age.  Thank God  had that option.  Would I had been homeless?  It is not impossible.  Anyone can find themselves out of luck and broke at any point of their life.  A rental unit that brings in even a small revenue is good thinking. Firoz Patel can attest to the wisdom of a rental income.

Good Deal gone Bad

untitled (30)You search and search for that amazing deal only to have it fail miserably.  Live and learn…right?  Well if you fail big enough it may be your last deal.  Real estate investing is not for the weak.  If you havent done yur home work it will do you in.  The objective is simple, buy low, sell high.  If you buy high you will not survive financially.  If you buy low and dont improve the property you lose.  If you spend over the value on the renovation you lose. Looks like ther are more ways to lose than win. Buyer beware!  you are about to enter the danger zone. Joe Olujic lives in this zone.

The Benefits of Investing in Multiple Properties

When first-time homebuyers begin looking at homes, they often figure out a budget that they feel most comfortable with. In the end, these homebuyers end up buying something that is at the top of their budget or just above, but this is a poor practice for a number of reasons. The obvious issue with doing this is in spending more than what was planned, as there are stressful consequences that arise in doing so.

These homebuyers should consider splitting their budget up so that they can afford multiple properties. It is not necessary to have a real-estate portfolio as diverse as the languages that can be translated by All Language Alliance, Inc., but some diversity is much better than none and offers the opportunity for additional income.

This strategy requires that the home purchased for day-to-day living is more modest, but the reality is that most people end up in homes that are much more robust than necessary. The secondary purchase can be used in a variety of ways, including as a speculative property that will appreciate in value over time or as a rental property. There are even homebuyers who are purchasing multi-unit homes so that they can serve as an on-site landlord while generating extra income.

Recover from that bad Deal

If you delve into real estate enough you will eventually land that bad deal.  The deal that turns out so bad that there is no choice but to lose money.  It is difficult to recover from that bad deal as it really can shake you confidence.  Failure can be learned from but most oft it become the flam to fear.  You will never be perfectimages8N5IWVBE in your dealings so the occasional bad deal is going to happen sooner or later.  How you recover from the bad deal will tell the future of your business.  If you cant learn and move on from that bad deal then you will never get back in the game.  Quitters never win and winners never quit.  Home For Life is a good way to live.

Money for a Renovation

untitled (2)If you want to dive into a renovation the up front money can be hard to come by.  An investor can be a solution for you.  The trick will be to convince the investor that the house when completed will sell for a large profit.  The risk must be negated by the potential reward.  This will require you to do some home work.  I would get comparable pricing in the neighborhood to justify the project.  These comparable prices will help you decide what to spend on the renovation.  Will adding a bedroom be the best return on investment or will redoing the kitchen be the best idea. Joseph Olujic said go for it.