You have money problems. No, I'm not psychic, but the ODDS ARE, you're in trouble.
How do I know? Because MOST people are in trouble, and MOST of those people don't even realize it. Here's the bright side, if there is one. If you are in financial trouble, and realize it, you are way ahead of the people who don't think they are. The people who don't "get it" are so far behind, they think they're first.
Here's something you should know before we go any further:
a) I do NOT have Money Problems, and
b) I am NOT after whatever money or resources you may have left, or have access to. There is nothing to buy here. There are no links to click on, no shopping cart, and no cut and paste options to take you to the 'the actual information that might possibly get you out of this mess." The information you need will be HERE, and it won't cost you a dime. You don't have to sign up for it, just read it and THINK about it, and use it. Also, I have little to no interest in corresponding with you.
The only downside to you is this:
The posts may be disjointed and sporadic. I am doing this 'in my free time'...which truthfully, I have a lot of, since I am relatively wealthy and I do not have a tremendous desire to be more wealthy...however, with wealth and free time comes many opportunities to do things I find more entertaining that this.
Don't give up hope. There's information here that you desperately need to read, and it WORKS EVERY TIME. Period.
Why am I doing this?? Because I don't mind helping people who want to help themselves. Because I came from a very privileged background, which in my case were loving, clever, resourceful parents that cared a great deal for me...and were able to teach me the fundamentals of getting ahead even when the odds are stacked against you. I realize that many people did not start out with the advantages that I did. I also know that there are some folks who DID, and threw it all away...or DID, and never think about how fortunate there are.
I know I was dealt a great hand. I'm thankful for it every day....and oh, one other thing, in case you are wondering...
My parents lived their entire life below the poverty line. It was a wonderful life for all of us, but WAS below the poverty line.
STEP ONE!
Don't tell me you've heard this before (Well, actually you can't tell me, because I am incommunicado, but you get the idea...) Figure out where you are at!! By that, I mean, calculate exactly what you have, and what you owe.
Most people, if asked to do this, want to fudge the numbers by saying things like: "My car doesn't count because it's a lease" or they want to look at stupid ass things like furniture and electronics as assets, when really, on the open market, they are not worth the powder to blow them to hell. Here's the deal: If you BOUGHT it, the money is gone, and you will never see it again, or if you do, it will be the tiniest fraction of what you paid for it, and you will have to sit at your garage sale all day trying to $50 for your $1200 laptop, and then end up taking $35!...and Yes, I agree, there are exceptions. The only one that is reliable is property, and that's only if you bought it right, and something hasn't happened that makes it undesirable, and Yes that does so happen. Maybe the rest of the neighborhood is now in the toilet, or you found out there are fuel tanks buried on your land, or they put in overhead powerlines, or they built a freeway, or the property next door now has a junk hound living on it...you starting to get the idea?? Having said that, I DO think that as far as investment purposes go, bare land with low taxes, and very few maintenance/upkeep costs is your very best bet, IF you bought it right (Not everything goes up, remember? If you paid $300,000 and you should have paid $260,000, the market is going to have to go up a long ways for you to realize any financial gain...especially when you add you legal fees, transfer fees, survey, taxes, maintenance, interest, and LOST OPPORTUNITY costs (Which are the monies you could have gained with your investment if you hadn't have screwed up in the first place).
The most common mistake people make, is thinking they have 'researched' property (or anything else) prices on the internet. Here's how that goes: You look at 40 comparable properties, and carefully note the prices. Then you look at purchasing the lowest of the 40. That should work, eh? Sure, except for some really important factors...what if ALL of these properties were over priced? People can ask absolutely ANY amount for what they are selling, and chances are, the way they determined their price was by doing the same thing you are doing now. The problem is, if they don't sell, it means they are over priced. "Oh no!" you say. "It could just mean they are in wrong location...my relator tells me Location, Location, Location!!" Sorry, but that is NOT true. If it was cheap enough, someone would have bought it. If the house next door to you was for sale for $50, would YOU buy it? That's the point. Think about that for a minute!! Yes, I totally agree, location is very, very important, but do NOT loose sight of the lesson here. Also, when you think you are comparing only the Sold properties, bear in mind that you have no idea of how much they sold for (with the exception of a proper market evaluation, pulling the land title, etc.) There is also an issue with 'clever' folks creating a false market, by advertising properties that they probably don't even own. Here's an example. Someone could have, say, a lot in a subdivision for sale. Maybe the REAL money/value is $275,000. These people could advertise on the net 3 or 4 other lots in that same subdivision for a variation of low to mid $300,000. On the 'cheaper' one, maybe the only one they actually own, they include some sort of story like "Divorce Forces Sale" or "Lost my Job!! My Loss is Your Gain." Get the picture??
Of course there are many other reasons your 'internet research' will fail you miserably. If you don't physically do the leg work, and look at these properties yourself, you may not realize that there are many reasons why a property that you have been relying on as a benchmark, is not worth what they are asking for it, even if it seems REALLY cheap. Is it underwater?? Think of some reasons why YOU wouldn't want to live on a certain piece of properties, and make up your own examples...Now, do you see what I mean??
Think hard about this stuff, there's going to be a test later.
It's called "This is Your Life, and You Had Better Pay Attention or You're Screwed."
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