pom's Blog

Have you given any seriouse thought to retirement money? You and your neighbors are spending too much! You're living high now, but unless you make a quick turnaround you are going to pay dearly in the not so distant future.

That's the essence of a recent report by Ernst and Young. The study says that you'll have to drastically reduce your standard of living right now if you plan on a comfortable retirement. It's too late for many. They will never be able to stop working and some will even face destitution in later life.

We live in a consumer society and you are urged to spend your money as quickly as possible. Buy lots of expensive toys just like all your friends and neighbors. Your spending is what drives the economy, right.

Yes, but all that spending with little saving is also driving a large portion of the population to the front door of the poor house.

Listen to this from the report: "Married couples relying on income aside from Social Security and making $75,000 at retirement have a 31% chance of running out of money. Those who rely on only Social Security have a 90% chance of ending up broke."

Don't count on much help from the government. Washington already is running on money borrowed from the Chinese. What do you think the politicians can do for those 77 million baby boomers who will be hitting retirement age over the next few years? Not much, but they will come after the few that have planned well for more tax money. After all, isn't that what every government does to remain in power? Take from those who saved their money and give it to those who didn't.

Is there a solution? Yes, but it's not government. Each of us can take control of our lives and incomes. How can you do that?

1. If you have savings or accumulated wealth get some of it out of the country. By opening an offshore bank account you can make investments that have a much greater return than most of those offered in the U.S. Yes, you still must pay U.S. taxes on all income, but with a little research you can earn considerably more income.

Another idea is to buy offshore real estate. There are areas in Latin America where property values are increasing by 20% yearly, and you can do tax deferred exchanges of foreign property for foreign property. You'll find beach front lots for $40,000 and condos for $70,000 in some areas. They aren't making anymore beach front property, but you can find plenty reasonable priced in Mexico, Panama and Uruguay… among other places.

2. The Ernst and Young report suggests that most people in the U.S. must cut their spending by as much as 37% if they expect to live well in retirement.

A better idea is to increase your income by 37%. You can do that digging in and learning how to profit with real estate or stocks. If you don't have a nickel to spare you can develop an internet income. With a little learning you will find you can start making money online with almost no cash investment and the sky is the limit on how much you can earn.

Every one of us has been blessed to be living in the U.S., but there is change afoot. Most people don't realize that the transition to a global economy means we each will have to make some major adjustments in our thinking, living and investing.

Pay now or pay later. It's time to build your income and protect what you have. Do it now, so your story can have a happy ending.

As in everything, there are do’s and don’ts regarding the successful outcome of a loan request. Keep them in mind, write them down if necessary and use them to make the best possible deal. It is all part of the preparation most people just will not take any notice of. We have seen lots of things happen, good and bad, that’s why we’re here, for you to capitalize on our records.

Do Not Be Put Off By Your Fears

Banks need to give loans in order to stay in business. They want you to take one. They need you, so that gives you a better position. Perhaps you could get a loan from a lender who is familiar with your trade or specializes in what you want to do. A car loan broker if you want to buy a car, for example.

Most Startups

Most loans for a startup will require a very safe security, since they know the risks of a new business. The best antidote for this is a well-designed business plan.

Tell your future lender how you are going to carry out your business, what your assets are, what target market you are aiming at and more than one contingency plan. And do not forget the possibilities of on-line marketing, advertising and sales.

Low Risk

The more doors you open to success, the lower the risk of failure and your banker has to know about it. Prepare a cover letter, get a template from Internet if you are not familiar with the usual text, make a realistic cash flow and projection of the development of your business for the first three to five years.

Fortune Making Preparation

Apply Onassis’s technique to prepare a business meeting: Anticipate every possible question you might be asked and work out a well explained answer. Remember to speak in business language. A good impression is a very important negotiating tool. It is what got Aristotle Onassis to the very top of the rank.

Remember it is not a “register of the money that comes in and the money that goes out”, it is a “financial statement”. It is not a track record of your “in’s” and “out’s”, it is your “balance sheet”. It is not “this is how we stand at present”, it is “our current status”.

Do Not Be Afraid To Ask For Determined Conditions

For example, you may wish to ask for a determined payback period, explaining why you want it that way. If you are well presented, well backed up by a business plan and sufficiently confident with the reason for requesting a specific term, you will surely get it.

It is A Negotiation, Remember?

The agent will almost naturally accept, probably if you would provide more collateral, or something he wants as compensation. So be prepared for this and maybe you might say something like, “instead of that, will you be willing to accept this?”

An Important Answer

As a rule, an agent asks simple questions but, believe it or not, most customers do not know the answers to them or, in the best of cases, they are doubtful. This might mean you are inventing on the spur of the moment, or that it is all a fake.

A Stupid Question

Yep, an apparently stupid question but which produces an even more stupid answer is, “What will you do if there is too much demand and you can not supply enough? Be prepared for an intelligent answer. That’s what the question is asked for. To measure how sensible you are, when you are suddenly out of depth with a simple question the market asks you.

Generally, availing loans is considered as a cumbersome process. You have to wait for days in order to loan get sanctioned. People find it irritating when they have to wait long to get the loans approved.

People always look for an easy personal loan option, where they don’t have to wait long for getting the loans approved. Easy loans are nothing but the loans which you can get with fewer hassles.

An unsecured loan can be said as an easy loan, because with this loan type you don’t need to put your property as collateral. Hence, you need not have to indulge in the valuation of collateral, which could save a significant amount of time.

An unsecured personal loan is a good loan option for the tenants and the homeowners who don’t want to put their property as collateral. One of the important benefits with this loan type is that you can avoid the threat of repossession of your property.

You can meet different needs with this loan type. Whether you want to buy a car or want to consolidate your multiple debts. You can meet most of your needs with this loan type.

You can get an unsecured loan from high street banks, building societies or the private lenders of the UK. But, if you think that you will not be able to shop around for a easy loan deal then it is advisable to approach the private lenders. The competition among the lenders may help you in getting a good loan deal.

There are various loan sites in the UK which offer easy loans. If you apply for the loans on any of the loan sites, you may get loan quotes from the private lenders of the UK. Once you have various loan quotes you will be in a position to select a good loan deal for yourself.