Instructions To Money Radio  

I have taken a summer and fall break from the show due to family matters. I will return this fall with more information on how to overcome the financial troubles that are in the recent news.

The important thing to remember is that money is a means by which we provide our needs and create a life style that inhances our goals and dreams. Material things must never be the ends in it self. It is what we can do with the wealth such as helping others and taking care of our family and frineds that is most important.

Those who rushed to get out of the market in the crash this week 9/15/08 lost money by reacting to fear. I made money by waiting and when the market went up on Thursday and Friday I was ahead by hundreds of dollars on several stocks.

I have only one ARM on one of my rental properties, the rest are fixed rate loans. Those who created this capital crash bought speculative properties without solid plans to rent or inhabit real property and lost in foreclosure by overinvesting in empty houses in hopes of quick sales for high profit returns. Lack of prior plans and preparation to deal with the 'what ifs' caused this.

Those experts that I know who had solid plans for businesses, shops, renters, or to live in properties did not lose and are not defulting on their mortgages. If you are one of the speculators who are in the process of defulat you may want to look at trying to rent the property for just above the mortgage and making arrangements to take action head on.
Call your mortgage company and see what they can do to help. In the present climate some companies are willing to do all they can to help.

For those who have sat on some cash, the opportunity in this present market in Real Estate are great. Tax sale properties and low cost foreclosures are opening in markets where small mortgages are still being given. I suggest small college town markets away from the coasts where the average sale price runs from $30,000 to $100,000 in stable markets with low vacancy rates (less than 10%). In my market the vacancy rate is 7% and by consolidating efforts we have met or needs to improve that rate to about 5% with our properties.

In a down turn market you can profit in direct sales. Stop by my web site or contact me for more information during my short break for more information. My email is daniel@rdjcatalog.com I have great contacts in the direct sales market that can help those who have lost their jobs.

I hope to have future guests that will share how people can work from home, start your own small business, and find new ways to earn money. See the resources at my web site at www.InstructionsToMoney.Com for some great ideals on how to increase your money!