Getting Personal: Your Pocketbook
4 Comments Published by clay May 4th, 2008 in Consumer Tips, Education.Getting Personal: Your pocketbookÂ
In this edition of Getting Personal, Chris and Tess talk about purchasing a business, buying foreign real estate, self-employment and financing study abroad.
I get confused with home equity and the federal reserve, bunch of things that deal with economics and politics. What I really don’t understand is how buying a website requires this lady to have to put it down on her home equity? What kind of website are they talking about in the first place? Usually there a couple hundred –at most. Maybe its the concern for a REAL buisness, but still. Its risky.
If the website thing doesn’t work out, she might lose her house.
If you have equity (house is worth more than what you currently owe) in your home, you can borrow $ (refinance) in order to invest in a business.
For some reason this topic just seems to be too repetitve. Finances and money seem to be brought up in the weekly blogs, but I believe this only proves that there are rising ecvonomic porblems and uncertainties. What first caught my interest in the conversstion the 2 people were having was about the woman that had her child’s saving bonds in both her name and her child’s. This is because my dad did the exact same thing, and I was wondering how he would transfer it, just like the woman was inquiring about. And I remember my dad telling my mom tha he would most likely to the electronic transfer just stated in the article.
Another part of the article that really caught my interest was when a man that had jus visited Brazil was interested in buying a home/property there, but he wasn’t sure if he would be able to take a loan for the house in an american bank or international bank. Coincidentally my parents are the process of buying land to build a house and store in the Philippines. Of course they had to take out a loan as well and were thinking of refinancing our home but thought that taking out a loan would probably be better for the moment. My mom has an account with an international account, whom she goes to to wire money to our family in the Philippines, but she also has a few other general bank accounts. From what I have come to understand is that my parents did take out a loan in an American bank and were able to wire that money to the Phillipines to purchase the land and deposit for contractors. So they used both banks for an international transactions, or more like transactions.
Now days that best idea so to invest in foreign markets. As well as, the United States of America because the markets are change to fast to be certain of the out come of are investments. So the best thing is to diversify in counties and just overall. Because the future seems bleak with all the bad news and the problems that seem to be arising, which just freak’s me out. With the gas price rising so quickly, it make me think in a year or two were are we as a nation going to be? In a great depression, which the United States is not going to out come in the top as it once did? These thoughts have had me thinking…I just pray the this nation does not become the next Sodom and Gomorrah.
This week the law just past the gay marriage was past in the state of California. What the fuck is that…that is not right. I love gay people and all, but I am NOT for gay marriage. I am surprised that no one a spoken about it. As well as, the new record high gas prices.