Archive for August, 2010

Are You Set On Becoming A Property Tycoon? Here’s How to Get Started

August 26th, 2010

Young investors should build steadily growing property portfolios
Despite the relaxed lifestyle in the Western World, financial and personal finance media have in recent months been hammering home the message that a vast majority of middle class people still come to retirement age with insufficient resources. Many consequently have to continue to work well into their late sixties and seventies, some until they die.

Start early
A spokesman for a major insurance company says, “The time to start thinking of your retirement funding is when you are still in your twenties or thirties, and in my view, you cannot do better at that stage than start buying into property. “Jack Smith, one of those who bought his first property while still in his twenties, has gone so far as to say that you should aim to buy one property per annum.”

Jack Smith’s story
A young agent, Jack Smith who works for a real estate company, has just bought his first rental property for a knockdown price of $35,000. Here is a young man who has set himself a goal of owning a significant property portfolio, big enough to retire on by the time he is 50, and he is prepared to make big sacrifices in comfort and luxuries to achieve that goal. If only others would do the same rather than frittering money away on holidays, entertainment and other transitory pleasures.

Rental
On this sort of inexpensive but good area properties Smith will be able to achieve a rent of $450 per month within the first two years and this will escalate annually by 8 to 12%. His monthly mortgage payments will, however, be under $375, enabling him to invest in another property within a few years. Thereafter he will be able to up the acquisition process. The big advantages of this type of investment are that the income stream keeps pace with inflation; it can be placed in your spouse’s name, thereby reducing your income tax payments and it can be passed on intact to your heirs who, if you so wish, can be prevented from selling it.

The stock exchange
Asked if the stock exchange might not give a better return to the dedicated young investor, it is usually not possible to borrow money to invest in shares, as you can on a mortgage bond and there is always an unknown factor to be contended with; even the biggest and best companies can find themselves on a downward path. Shares are ideal for those in the know. Unfortunately, very few of us are in a position really to know what a company will do.

Stay with property
On the other hand, property is straightforward. By and large, what you see is what you get and you can gather information on the market conditions by talking to agents and reading the advertisements. Recent figures have shown that residential property has fared far better than other categories in the recession.

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Labor Day Is Looming – This Year It Falls On Monday, September 6th

August 25th, 2010

Do you have the cash for the celebration or do you need a Payday Loan?
In the United States, Labor Day is always celebrated on the first Monday in September, meaning it is always a weekend affair which in turn means that the celebration goes on… and on… and on. You will need some spare cash to get you through this one. Are you well prepared? Or are you thinking about taking a Payday Loan to help?

Celebrating can be an expensive business
Traditionally, Labor Day is celebrated as the symbolic end of the summer. The holiday is often regarded as a day of rest. Forms of celebration include picnics, barbecues, fireworks displays, water sports, and public art events. Families with school-age children take it as the last chance to travel before the end of summer recess. Teenagers and young adults view it as the last weekend for parties before returning to school.

It’s gonna cost
If you’re short of cash take an online payday advance. You will need money in your wallet to get you through this weekend. Read this and understand what’s in store. This is no time to be a tightwad.

The long weekend
Let’s see, you’ll come home from work on Friday evening looking forward to a restful weekend with your girlfriend or wife and the kids. Hey, don’t forget to pick up flowers on the way to get the weekend rolling in the right direction. Friday evening dinner will probably take place at home but maybe get a couple of bottles of some good wine to lubricate things. Saturday morning will be reserved for household chores and now that you have an extra day you can take it easier with them.

Saturday afternoon
You made a golf date with the guys from the office. Take it easy at the nineteenth hole; don’t forget that you and the wife are eating out at that new expensive restaurant that opened a couple of months ago. You were lucky to get reservations for tonight, smack in the middle of a long weekend. Everyone who’s been there is talking about the lobster, even if the price is ridiculous. A few glasses of well chilled Chardonnay will go well with Lobster Thermidor or perhaps Lobster Newburg.

The barbeque picnic
Sunday is barbecue day. Pack all the makings into the car and head for the mountains. Remember to pick up the meat on your way out of town. Steaks, burgers, chicken wings and lamb chops. And a couple of bags of charcoal, too.

Saturday evening
As you do every year, this meal is spent at the neighbor’s poolside where the drinks flow smoothly. The kids have their own party in the garage and the adults are left alone to enjoy themselves. A couple of bottles of single-malt whisky will go down well here and really get this party moving.

The Payday Loan
Don’t forget to take the Payday Loan and enjoy the weekend to the full!

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Hey Travel Agent I Want My Money Back!

August 25th, 2010

Welcome to Mexico – enter at your own risk
I planned this trip ages ago. My friend came back from Mexico and told us about sipping margaritas on the white-sand beaches, the fabulous tourist sites where they were chased by immigration agents and the slums where it is positively dangerous. I decided to go, read some of the travel literature and booked my ticket plus accommodation at various hotels, laying out globs of money in the process. “You are going to love this,” promised the travel agent.

Escalating violence
But now I read daily about how the Mexican drug wars are escalating and I’m not so sure I want to be anywhere near there. “It will a break from your ordinary hum-drum life,” promised the agent when I called in and voiced doubts about my trip the other day. “We are marketing Mexico as ‘alternative tourism’,” she said. We can even offer you trips to remote mountain areas which are home to leftist Zapatista rebels and to the crime-ridden neighborhoods of Mexico City.

Tourism marketing
Foreign tourists, mostly from Europe, are signing up for undercover tours in Tepito, a sprawling market area in Mexico City notorious for drug deals, underage prostitution and pirated goods, said Cesar Estrada, head of Universal Travel. Another community centre runs what they call a ‘safari’ in this historic area, where many Mexicans refuse to set foot for fear of being robbed at gunpoint. “We tell visitors to dress simply. If they want pictures, our guides take them discreetly,” Estrada said. A German tourist said she prefers such tours because they provide the kind of insight into the real Mexico one could not get in a beach resort like Cancun.

The illegal immigrant tour
One can book a reality tour in the central state of Hidalgo, where one agency run by local residents simulates the dangerous trek Mexicans and Central Americans undertake when they cross the US border illegally. Tourists pay about $15 for a nocturnal trek through a state park where they struggle to keep up with guides posing as “polleros” – ruthless traffickers charging thousands of dollars to usher poor would-be migrants across the border. In order to help tourists understand migrants’ plight, guests are prohibited from carrying food and water as they wade through a river in the darkness and hide in bushes to elude the “migra,” or US immigration authorities.
Those who don’t run fast enough are thrown in the back of a mock border patrol truck.

The leftist rebel tour
Global Exchange Reality Tours, a US-based tour operator that seeks to educate tourists about social conditions in developing countries, brings travelers to meet with leftist rebels in Mexico’s southern state of Chiapas. There, tourists visit remote mountain areas that are home to members of the Zapatistas, the rebel group that spurred a largely bloodless peasant revolt in 1994. Travelers may not get a glimpse of the Zapatistas’ elusive leader, but they get acquainted with the food and culture of Mexico’s indigenous south.

I’ll stay with hum-drum. Anyone want to buy my trip?

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