Learn How to Invest Your Money

Perhaps one of the most important skills you will ever learn throughout your life is to learn how to invest your money. After all, money is what makes the world go around, doesn’t it?

You need money to take care of your basic needs. You need money to provide shelter over your head and to have food to eat, and to be able to travel from point A to point B. You need money for education. You need money for retirement. So it goes without saying that to learn how to invest your money is perhaps the most important thing you will ever learn.

Why should you learn how to invest your money? Why can’t you just keep it in the bank or under your mattress? Well, if you want to have any hope of ever achieving financial freedom, breaking free of the rat race, living comfortably beyond retirement when you are no longer able to work, and you want to be able to achieve your dreams, then you need to learn how to invest your money to make it grow.

If you learn how to invest your money, you will be able to take control of your financial future. You will be able to grow your net worth very quickly. You should be able to turn one dollar into two dollars.

By itself, money will eventually decrease in value, due to inflation. The best way to outpace inflation, and to increase the value of every dollar is to learn how to invest your money wisely.

Investing doesn’t have to be something complicated. You don’t need to be a math whiz. Once you educate yourself on the basics of how investing works, and you learn the best strategies for investing, it will all become common sense, and you will be empowered with the knowledge to achieve great wealth.

Where to Invest Your Money?

Have you been wondering lately where you should invest your money? Maybe you have been looking for a way to make more money with the money you already have but you know that the stock market is so risky and many people have been losing a lot of money in the recession. Maybe it’s time that you look to another market that is thriving, even in times of recession. The forex market is the place to look and maybe it is right for you.

The foreign exchange (forex) market is the largest and most liquid market in the world. Far out doing the stock market with a daily turnover of over $3.5 trillion. That’s a lot of money being thrown around in a time of a so called global recession. The forex market however, continues to grow and people are finding that it is a much more secure place for them to invest their money, rather than in the stock market.

For those that are new to investment in either the stock market or the foreign exchange market, it is noteworthy to remember that the forex market is much less affected by recessions in the economy and even when the stock market may be crashing, the forex market is still making many people a lot of money. You might be asking, how is that possible? Well there are many answers to that.

Unlike the stock market, the forex market is running 24 hours a day, everyday but Sunday. This gives traders much more opportunity to make good decisions and be making money. The forex market is a less complicated investment since you are only focusing on two currencies and if you take the time to learn and understand the market, you can almost always make the right choices that will make you money. No matter how the economy is doing.

Also there are now such things as automated trading programs for the foreign exchange market that allow a trader to be trading even while he is sleeping. These programs have been a tremendous breakthrough for people who are set on making money in the forex market and being able to do it anytime of the day. However, just as with most things, you will need to make sure that you choose programs that are trustworthy, because there are always some that cannot back up the things that they claim.

Overall, the forex market is a much safer and less complicated investment than the stock market. The 24 hour trading allows people to be making money even in their sleep. Also there are many trading brokers/platforms on the internet that help people start trading. There are may out there and certainly some are better than others. It will be important as you start into the forex market that you choose one that can be trusted and works for you.

Consider an Earnest Money Deposit to Let Home Sellers Know You Mean Business

Home buying can be a very exciting experience, and there’s no time more exciting than when you sit down with your Real Estate agent to draft up an offer letter on that perfect new home you’ve found. Question is, how are you going to ensure that your offer to buy this great new home is taken seriously? The answer, in most cases, is by providing an earnest money deposit along with your offer.

So, What is An Earnest Money Deposit?

In short, this type of deposit is a sum of money you provide along with your offer to buy a piece of real estate in order to let the seller know that you are making a serious offer. Normally, this money is deposited into an escrow account – where it stays until the purchase transaction closes. At that point, your earnest money deposit is applied toward the purchase of the home.

Why Can’t I Just Send in an Offer Without and Earnest Money Deposit?

In truth, you can. However, the risk you run in doing so is that your offer will be pushed aside or will not be taken seriously by the seller, who will likely move on another offer that has a good faith deposit attached to it. Look at it this way. An offer to buy a home without any “skin” in the game, so to speak, is not worth the paper it’s written on. You could, in theory, go around making offers on any number of homes with little fear of any negative outcome. By putting down a deposit, you are accepting some risk that your deposit may be forfeited in the event that your offer is accepted by the seller and you back out without cause.

What is the Suggested Earnest Money Deposit Amount?

The amount you put down as your earnest money deposit can vary from home to home. Obviously, in a buyer’s market, on a house that is priced very low, your earnest money can be on the “light side,” as opposed to when you’re making an offer in a competitive market on a home that’s just too good for most buyers in your area to pass up. If you really want the home, you’d best put down enough to be sure that the seller takes notice enough to accept your offer. As a rule of thumb, one (1) percent of the offer price for your chosen home is a good place to start.

Is it Possible to Lose My Earnest Money?

Yes, but it is rare for this to happen. In normal situations, you should be able to work in conditions that allow you to exit the offer with your deposit in hand should you find circumstances to be prohibitive to buying the home, it is possible to forfeit this deposit. Normally, conditions that allow you end the transaction and receive back your earnest money involve failure to obtain a clean title to the property, negative items discovered during inspection, and so on.

If you lose your earnest money, it’s likely going to be because you waited until too close to the closing date to back out of the deal. In situations like this, you will almost always lose your deposit.

Bottom line, if you’re serious about buying the home you’ve put your offer in on, be sure to send in an earnest money deposit to let you seller know you mean business.