- What should I do to monitor my credit reports and stay on top of my credit scores?
- When does it make sense to have their unsecured debt such as credit cards settled with their creditors and how do they go about doing that?
- How can I settle my student load debt?
- How can I settle my medical debt?
- When is it the best option to declare bankruptcy and where do you recommend to get help in filing?
- How can I pay my small business debt?
- What do you recommend for people who have taken on a lot of unsecured debt such as credit cards?
- What should I do to get better credit cards than I have now?
- What is the best way to get an unsecured loan if you want to pay a lower interest rate than a credit card?
- How do I protect myself against identity theft?
- Can I consolidate all my debt issues?
- Should I refinance my mortgage?
- What is your favorite mortgage?
- I am a Veteran. Can I get better mortgage rates?
- How can I improve my financial situation if my house is underwater and I cannot afford my mortgage payment any more?
- What is the mortgage equity optimization strategy?
- Can I use the HAMP Program?
- When should I do a reverse mortgage?
- What are some of the strategies you explain in Fast Profits in Hard Times?
- How can I learn about stocks without needing an expert?
- How can I grow my money tax free?
- How can I invest to earn safe, high yields from investments that will not fluctuate in value?
- What is your Safe High Yield Service?
- I need a reputable financial planner to help me invest my money wisely? Can you help?
If you would like more information on how your small business can get a handle on its debts and can end up paying pennies on the dollar to your creditors, allowing you to get back on your feet and thrive you can find a video where Jordan talks about this in the Resource Center Debt & Credit Section entitled "Settle Small Business Debts".
For a direct resource recommended by Jordan visit Corporate Turnaround at www.helpwithpayables.com or call 877-377-3669.
If you would like more information on how this nonprofit clearinghouse can will help you find the best resources to manage your debts you can find a video where Jordan talks about this in the Resource Center Debt & Credit Section entitled "MyDebtChoices.org".
For a direct resource recommended by Jordan visit My Debt Choices at www.mydebtchoices.org.
If you would like more information on how to know when it pays to refinance your mortgage and how to get the best deal on a refinance you can find a video where Jordan talks about this in the Resource Center Mortgages Section entitled "Refinancing Your Mortgage".
For a direct resource recommended by Jordan visit Access National Bank
at youcanrefi.com or call 800-272-5626.
If you would like more information on how to lock in your mortgage rate advantageously whether mortgage rates are rising or falling you can find a video where Jordan talks about this in the Resource Center Mortgages Section entitled "Adjusting Your Mortgage Rate".
For a direct resource recommended by Jordan visit Harmony Loan at www.harmonyloan.com or call 877-642-7666.
If you would like more information on how veterans can take advantage of special programs to help them get advantageous terms when refinancing their mortgages you can find a video where Jordan talks about this in the Resource Center Mortgages Section entitled "Mortgages for Veterans".
For a direct resource recommended by Jordan visit Vets Can Save at www.vetscansave.com or call 800-272-5626.
For a direct resource recommended by Jordan on refinancing your mortgage visit Access National Bank at www.youcanrefi.com or call 800-272-5626.
For a direct resource recommended by Jordan on how to modify your mortgage visit Modify My Mortgage at www.modifymymortgage.com or call 800-663-4396.
If you would like more information on how to pay off your mortgage in 5-7 years instead of 30 years on your existing level of income you can find a video where Jordan talks about this in the Resource Center Mortgages Section entitled "Mortgage Equity Optimization".
For a direct resource recommended by Jordan visit Truth In Equity at www.truthinequity.com.
If you would like more information on how how to lower your mortgage payment or your interest rate through mortgage modification you can find a video where Jordan talks about this in the Resource Center Mortgages Section entitled "How To Modify Your Mortgage".
For a direct resource recommended by Jordan visit Modify My Mortgage www.modifymymortgage.com or call 800-663-4396.
If you would like more information on the benefits of a reverse mortgage which allows you to pay off your underlying mortgage and other debts such as credit cards while giving you cash to live on you can find a video where Jordan talks about this in the Resource Center Mortgages Section entitled "Reverse Mortgage".
For a direct resource recommended by Jordan visit Smart Money Reverse www.smartmoneyreverse.com or call 800-965-2561.
1. Buy liens placed on properties by municipalities because owners have fallen behind in paying their property taxes. Then, when the property owners pay what they owe to the municipalities, receive not only a return of your principal but also a penalty interest rate set by the municipality, typically in the range of 8% to 25%. If the property owner defaults altogether, take possession of the property for a fraction of its real value: the sum of the back taxes you've already advanced. You can then sell the property, even a bit below its market value, for a huge profit.
2. Buy Real Estate Below Market Value Identify real estate sellers who are willing to accept less than their property's full market value for a variety of reasons. Then resell the property immediately at a profit, rehab it, rent it out, or even live in it yourself, all with the built-in financial cushion of having purchased the property for far less than it is truly worth.
3. Invest in Income Trusts and Master Limited Partnerships Earn high yields of 8% to 13% by investing in trusts that extract or transport natural resources such as oil, gas, coal, or timber. Such trusts pass a large amount of their earnings directly to investors through monthly dividends. Depending on the trust or MLP, some of the distributions may be considered a tax-free return of capital, boosting your after-tax return even more.
4. Invest in High-Yield Stocks Invest in stocks with stable businesses that pay dividend yields of 5% to 15% or more. Some industries offering such high yields include electric utilities, oil tankers, and real estate investment trusts, and several broad-based closed-end mutual funds. This is a way to make your capital compound with very little risk when you reinvest the dividends or to boost the income you live on if you take the dividends in cash.
5. Enroll in Dividend Reinvestment Plans Invest in companies that offer Dividend Reinvestment Plans, known as DRIPS, which allow you to use dividends to purchase shares directly and thus bypass brokerage fees. Automatically reinvest dividends back into further stock purchases, thereby compounding your portfolio's assets over time. Several companies offer discount DRIPS, meaning that you get an additional 2% to 5% bonus every time you reinvest dividends, compounding your return even more at no additional cost to you. So if you get $100 in dividends, you receive $105 worth of stock when you enroll in a 5% discount DRIP.
6. Buy High-Yielding Bonds Buy bonds of companies, municipalities, or foreign governments, either individually or through open and closed-end funds, which pay yields of 5% to 12%. In addition to the high rate of interest, you will receive the return of your principal when the bond matures. There are many types of hybrid bonds available in today's market with catchy names like STRIDES, ELKS, MITTS and HITS which offer guaranteed return of principal, high yields and potential bonuses based on how the underlying instruments perform.
7. Use Put and Call Options Rather than buying and selling actual stocks or stock indexes, you can, for a fraction of the cost, trade rights to buy and sell those stocks or stock indexes at specific prices within a specified period of time up to two years into the future. This form of leveraged trading allows for far greater gains but also runs the risk of far greater losses than normal stock investing. It is therefore imperative to follow careful strategies that limit risk while optimizing profits.
8. Profit from Foreign Exchange Trading Trade one currency against another currency, on the expectation that the currency you've bought will gain in value relative to the one you sold. This provides a convenient way to profit from the decline of the US dollar against most major foreign currencies.
9. Invest in and Broker Cash Flow Opportunities. Identify people and/or businesses willing to sell future receivables at a significant discount in exchange for ready cash. Then either buy the payments yourself or serve as a broker for a third party, typically a large financial company, which provides the funds. For example, you can broker or buy cash flows from lottery winners, lawsuit winners, mortgage notes or reimbursements due to a doctor's office from insurance companies or Medicare.
10. Set Up Passive Income Strategies . Set up some kind of system that needs minimal ongoing management but continues to produce significant cash flow far into the future. A few examples; placing vending machines in high-traffic locations to collect passive income whenever customers make purchases; placing ATMs or point-of-sale (credit/debit/card swipe) machines in high sales volume locations to earn small fees paid by merchants whenever customers use the machines; Buy high-quality timeshares in desirable locations and seasons and rent them out over the internet to earn substantial rental income.
To purchase this book visit Fast Profits in Hard Times Page.
Jordan on Fox News discussing the deficit and how you can pay off your mortgage in 5 to 7 years instead of 30 years by using a strategy called Mortgage Equity Optimization. You can find out more about it by clicking here.
Jordan discusses low mortgage rates & higher bank fees on the View. Find out more about Mortgages and Mortgage Equity Optimization and how to save on credit card fees.