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The Corliss Group Online Financial Mag

The Corliss Group Online Financial Mag


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  • Flipping houses in the Temecula/Murrieta Valley and across the Inland Empire has been a lucrative venture for investors for many years. Many think it is a quick way to a fast buck. Many have tried and many have failed. Flipping houses is serious business and should not be taken lightly by the novice real estate investor. Before you begin down this path, prepare yourself. Here are five quick tips to help you understand what you’re in for, before you actually start investing your money.

    1. You need to know that it’s work.

    You need to work with a good local REALTOR® who understands the local market. A local REALTOR® can not only help locate profitable homes through the Multiple Listing Service (MLS) but will be able to lead you to other lesser known resources as well. When it’s time to sell the home your REALTOR® will know the market and help you achieve the greatest price for your fix and flip home for sale.

    2. If you are buying low, you’ll need to spend more.

    The whole concept of discounted homes for sale is that they need repairs and upgrades. There is no reason for someone to sell a turnkey, state-of-the-art home for a discounted price. It takes time and money to get a home ready to flip and generate the largest possible profit.

    Contractors are an important part of your team, so start lining them up now. Yes, you should be able to do some work yourself, but understand that time is money – how much time do you have to invest in the project? The quicker it sell...

  • Spain_underground_177_

    Spain's economic crisis, the government's response to it, and pervasive corruption have inspired a flowering of the black market economy.

    FORTUNE -- Outside the front door of an IKEA in the Barcelona suburb of L'Hospitalet de Llobregat, a group of men -- mostly immigrants from Ecuador -- offer shoppers informal delivery services. In Spain's crisis economy, it's a competitive business -- to cut down on conflict, the drivers pick numbered balls to set a queue -- and with some negotiating, a shopper can get immediate delivery for less than what IKEA's official drivers charge.

    It's also a sign of the huge boom in Spain's underground economy. According to a recent report by Spain's Ministry of Finance, at the end of 2012 the underground economy accounted for 24.6% of GDP, up from 17.8% at the time the crisis began in 2008. That's about double the rate in the U.K., France, and Germany.

    "If we compare ourselves to Zimbabwe or Bolivia or countries like that, we're very good. If we compare ourselves to Greece, Italy, we're similar. If we compare ourselves to France, Germany, the U.K., Denmark, Sweden, we look very bad," says Jordi Sardà, the economics professor at the Universitat Rovira i Virgili in Tarragona who led the study.

    Spain's economic crisis, the government's reaction to it, and pervasive political and business corruption have inspired a black market boom, says Sardà.

    The crisis sent unemployment soaring from a pre-crisis low of 8% to 26% today, creating a p...

  • College_tips_177_

    Just before tax season comes the opportunity for college-bound students to apply for monetary assistance via the Free Application for Federal Student Aid (FAFSA). The program collects and sends financial data to colleges that use it to award need-based financial aid to students.

    Filing a FAFSA was once daunting, according to Pam Rambo, a former college financial aid and admissions professional who now works as a researcher for families and students looking to maximize their financial aid opportunities.

    "It's much easier now than it has ever been," she said. "Maybe 30 minutes."

    Rambo, who is based in James City County, said the most frequent mistake parents make is waiting until after they have completed their tax returns to submit the form. It's one of those rare occasions when "it's actually better to be on time than accurate," she said.

    "I don't mean that you should be inaccurate," Rambo stressed. "You should file early even if you have to estimate (your tax information). Then file your taxes as early as you can, and then make your corrections. That should be easy to do."

    Some families don't know they can actually file the FAFSA retroactively, Rambo said. The final deadline each year is June 30 – for the previous academic year. Colleges may have other deadlines, Rambo said, which can range from mid-February to early March. Applying sooner than later is also important because schools only have a finite amount of financia...

  • Savvy_177_

    Savvy Senior: How to pick a financial advisor

    Savvy Senior

    How to Pick a Financial Advisor

    Dear Savvy Senior,

    Can you give me some tips on how to choose a good financial planner or advisor? My wife and I are five or six years away from retiring and could use some professional help to get us on track.

    • Seeking Advice

    Dear Seeking,

    With all the different financial advisers and services available today, choosing a trusted professional that can meet your needs can be a bit confusing. Here are some suggestions that can help.

    Where to Look

    A good place to start your search is by asking friends or relatives for recommendations. If you don't know anyone who can give you a referral, and you're looking for broad-based financial advice, hire a Certified Financial Planner, or CFP, who are considered the "gold standard" in the industry. To get the CFP credential, they must have a college degree and be educated in a wide range of personal finance subjects, pass a 2-day exam, have at least three years experience, meet continuing-education requirements and abide by a code of ethics.

    CFPs are taught to look at the big picture view of your finances, talking you through your goals, as well as advising you on the details of your financial life.

    You're also probably better off hiring a CFP that's a fee-only planner, verses one who earns a commission by selling you financial products. Fee-only planners charge only for their services - for example you might pay $150 to $300 ...

  • Ndr_177_

    Consumers Can Avoid Financial Ruin, National Debt Relief Provide Tips On How To Do It

    National Debt Relief publishes an article on their website to reveal 8 tips that will help consumers avoid financial ruin.

    Philadelphia, PA ( PRWEB ) January 31, 2014

    National Debt Relief is intent on helping consumers avoid financial ruin. On January 28, the leading debt relief company published an article titled "8 Ways You Can Remove Financial Ruin From Your Future." This article discussed various tips that will save consumers from another financial crisis.

    The article discussed how financial security still eludes a lot of consumers. Because of this, the article provided these 8 tips to serve as a guideline for the readers.

    1. Do not rely on future paycheck. The article claimed that this mindset got consumers into so much debt.

    2. Keep bills organized and make timely payments. National Debt Relief believe that one of the reasons why the consumer is in debt is because they lacked proper organization. If the consumer can keep their finances organized, they should be able to keep track of their debts and avoid late payments.

    3. Limit credit card accounts. The article believe that the less credit cards, the less temptation there will be to spend beyond the consumer’s means. It also minimizes the need to manage the card accounts.

    4. Avoid overdraft charges. Another tip is to avoid overdrafts. The consumer must be aware of their financial transactions to keep themselves from unnecessary c...

  • Demographics2-300x199_177_

    The demise of Tokyo and modern Japan: reality or an illusion?

    Jälleen kerran masentavaa luvut osoittavat kuoleman Tokiossa ja Japanissa vuoteen 2100 mennessä, jonka mukaan väestöstä on totaalisesti siitä tänään. Tämä on karu varoitus mukaan toinen dramaattinen tutkimus, joka näkee vain staattisia ja kuolemaisillaan Japanissa, joka kieltäytyy toteuttaa todellista sosiaalista politiikkaa.

    Yksi mielenkiintoinen osa tutkimuksen, joka on kielletty on "maallinen yhteiskunta" olemisen reaalisuus yli riippuvainen nykyaikaa, materialismi, abortti ja muita näkökohtia "uuden maailman". On selvää, että Japani kohtaavat ongelmia, jotka liittyvät syntyvyyden ja tämä uusin tutkimus liittyy tähän. Samaan aikaan liittyviä kysymyksiä viestinnässä japanilainen yhteiskunta (sosiaalinen peruuttaminen), itsemurha ja muiden alueiden sosiaalinen romahdus on keskityttävä.

    Tietenkin kysymykset liittyvät työtuntimäärää, kalleus lasten kasvatukseen, uusia moderneja keinoja elämää ja muita monimutkaisia tekijöitä; ovat kaikki repiä toisistaan pienenemisen tässä maassa. Valitettavasti Japanin hallitus näyttää halua auttaa ihmisiä, jotka haluavat enemmän kuin yksi tai kaksi lasta mutta jotka tuntevat rasittaa vuoksi taloudellisia vaikeuksia, joita tästä.

    Tämä synkkä tutkimuksen, joka tehtiin seitsemän tutkijoiden ja joukko byrokraattien mukaan Tokio väestö vähenee 7.13 miljoonaa vuonna 2100 nykyinen Mark yli 13 miljoonaa ihmistä. Täm...

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