Using Personal Finance Books As Motivators

There is no question that many people struggle with their personal finances. It seems like more and more you hear about the average credit card debt going up, with people having more and more problems paying their mortgage or saving for retirement. It is not a huge surprise, because the culture seems to promote spending money, and makes it seem like you are an outcast if you do not try to “Keep up with the Joneses.”

However, there is a segment of society that people can turn to if they are looking for support and ideas and how to get out of this endless cycle, and that is personal finances books and websites. There are hundreds of books (probably too many) promoting the benefits of strong personal finance, with suggestions on how to live your life in a way that helps you plan for the future and make sure it is secure. These types of books can help in a couple of different ways.

One, they give you ideas to help you live more frugally and responsible with your money. They can also help you figure out the best places to put or save your money, since this is often an area where people feel overwhelmed. Oftentimes, you might want to start a retirement account, but you don’t know how, so you simply do nothing. With the right materials, you can find out that it is not nearly as hard as you think it is, and you can get it done. It can help you realize that doing things 85% correctly is better than not doing anything at all.

Another way that these books can help is to provide you with encouragement and motivation. If you are at home on a Friday night because you don’t want to spend the money it takes to have a night out on the town, it can get you down, and make you feel like you are missing out on life. However, if you have these books as motivation, it can help you realize that you may be sacrificing now so you can live a more rich life later. It can provide that spark that you need to make those financial changes in your life, and make sure that things are staying on the right path for you to reach your financial goals. This is especially true if you do not have friends that are helping you on that path.

For those struggling with personal finance, there are many great personal finance books that can help you to reach your financial goals, and help you live a life without financial worries.


Why Vendor Finance Is A Good Offer For People Looking To Own A Home?

A two-bedroom home with a big backyard. A modern studio apartment in the city. A two-storey house in a quiet suburb. House hunting can be very exciting because you’re essentially shopping for your future home. Only one thing can put a wrench in this plan: your finances.

Buying a home is a huge investment and so most people tend to wait years before they even start to look at properties. Even with the government offering help to first time home buyers with grants, most people still have to deal with stringent requirements of banks to obtain a loan. But did you know that by looking into vendor finance, you could start to fulfill your dream of owning property today?

In vendor finance transactions, the owner of the property basically provides financing to the buyer instead of accepting payment from a bank or mortgage lender. The goal of vendor finance is to facilitate a sale, which is very good news not just for the buyer but the seller as well. The buyer doesn’t need to go through the stressful and lengthy process of qualifying for a bank loan while the seller can increase the number of potential buyers – even during a lull in the property market.

Even if you have a negative credit history or if you’re waiting to clear your credit record, you’ll still have a chance to purchase property through vendor financing. The most critical factor to qualifying for this financing is showing capability of making the weekly payments on the home. The weekly amount may be similar to what you might pay for your weekly rent, which varies with the location.

Much like rent to own homes, wherein you may get an option to buy the home after a certain agreed upon period, the terms for vendor financing may be flexible. You can negotiate a realistic payment plan with the owner or the seller, which would be helpful if you suddenly encounter payment difficulties.

The best part about vendor financing is that you don’t have to come up with a considerable amount for a down payment. The owner or the seller may only require an upfront deposit; the amount could be between three to five percent of the contract price.

Finally, much like the rent to buy homes, you can move into your first home as soon as an agreement has been settled and your deposit has been paid. Click here to know more.