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SMART MONEY STRATEGIES FOR EVERY AGE AND SITUATION
Your 20s and 30s—Establishing Your Financial Foundation

Section 3 of 11:
REAL ESTATE:
Owning vs. Renting, What Is Right For You?
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Purchasing a home is probably the single biggest investment you
will ever make. The entire process of finding, financing and
maintaining a home is fraught with complexities, both financial and
emotional. Despite the difficulties and high cost of home
ownership, it remains the ultimate American Dream for most
people. This report will help you determine whether or not is it best
for you to buy or rent.

Each section of this report contains useful tips, techniques and
action strategies that you can implement right away. Combined
together, these tips and strategies are designed to help you learn
how to micro-manage your funds so that your money multiplies
itself.

Read on and reap the financial rewards!

Jordan E. Goodman
America’s Money Answers Man
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REAL ESTATE:
Owning vs. Renting, What Is Right for You?

Moving from a rented house or apartment to home ownership is
almost every young person’s dream. However, it takes a disciplined
savings program to assemble the down payment of 5 to 10 percent
of a home’s value, as well as closing costs of several thousand
dollars.

And once you have scraped together the down payment, the costs
of carrying a mortgage may take a huge bite out of your budget—
28 to 36 percent of your gross income. Over time, if your income
rises and the mortgage costs remain the same, that percentage
will fall.

To minimize mortgage costs, look into all the mortgage alternatives
available. For example, you will make much lower monthly
payments on an adjustable-rate mortgage than you will on a fixed
loan. You might also investigate the loan programs sponsored by
state housing agencies that make homes affordable for first-time
homebuyers. These programs often demand lower down payments
and offer mortgage rates of one or two percentage points below the
current market rates.

If you cannot afford a home, spend as little as possible on rent
because you receive nothing in return for the money other than
housing for that month. By keeping your rent low, you can invest
any excess earnings in a savings or mutual fund account, which will
build up your capital over time.

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HOW TO REAP THE REWARDS YOU DESERVE!

Starting Now . . .

Use the following Resources, Action Steps and Extra Info to take
the next step toward your solid financial future.

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RESOURCE | RESOURCE | RESOURCE
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Everyone’s Money Book on Real Estate
by Jordan E. Goodman

The ultimate dream for most Americans, despite some of the hurdles it poses, is owning a home. See how Everyone’s Money Book on Real Estate can help you get the most for your money, whether buying, selling or investing…..

www.MoneyAnswers.com/bookstore/

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EXTRA INFO | EXTRA INFO | EXTRA INFO
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In the market for a home?

ARC Loan
http://www.arcloan.com
1-888-ARC-LOAN

The Automatic Rate Cut Loan is a mortgage in which the rate only
adjusts downwards and never goes up. You can use and ARC Loan
to finance a new home or refinance an existing mortgage.

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SMART MONEY STRATEGIES FOR EVERY AGE AND SITUATION
Your 20s and 30s—Establishing Your Financial Foundation

Section 4 of 11:
CREDIT:
What Exactly Is Good Credit?
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Credit has become so ingrained in the U.S. consumers psyche that
it is hard to imagine our lives without it. For example, you would
find it difficult to check into a hotel, rent a car, or buy an airline
ticket without a credit card. You probably could not afford a home
without assuming a mortgage. And you might never make it
through the Christmas season without charging your purchases on
your retail store accounts and paying for the gifts over the next
several months.

Yet many people who have abused their borrowing privileges find
themselves cut off from this normal world of commerce because
they no longer qualify for credit. To ensure that you do not join
these ranks, learn all you can about credit and how to make the
most of it.

Use this report and the tips included to help you take control of
your credit obligations, increase your wealth, cut your taxes and
buy what you need when you need it without paying a king’s
ransom in interest.

Combined with the tips, techniques and action strategies included
in the other sections of this report, you can learn how to micro-
manage your funds so that your money multiplies itself.

Read on and reap the financial rewards!

Jordan E. Goodman
America’s Money Answers Man
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

CREDIT:
What Exactly Is Good Credit?

Get off to a good start by establishing credit with several lenders
and paying your loans punctually. Remember, credit reporting
agencies track how well or poorly you repay your debts. The time
to establish a good credit record is early in your career. If
necessary, have your parents co-sign a loan or credit
card application so you qualify; then, as soon as possible, take over
the payments until you qualify for the loan on your own record.

Resist the great temptation to buy more than your income can
support. You may want a new car, better furniture, a state-of-the-art
stereo, and lots more, but you will only ruin your credit record if
you go on a spending binge, then are unable to pay your bills.
Instead, be disciplined in your use of credit, and pay off one
major purchase before you take on the next.

One easy way to save money is to apply for the credit cards with
the lowest interest rates and annual fees. (See RESOURCES below
for a report that makes this easy.)

If you have outstanding loans that financed college or other
education, you will have to devote a good amount of your income
to paying them off.

If you pay a particularly high interest rate on your student loans,
look into consolidating them under one lower rate loan. The
Student Loan Marketing Association (Sallie Mae) offers such a
consolidation loan through its SMART Loan Account. For more
information, call 800-524-9100.

To some extent, the amount of money you devote to repaying
education loans will limit the amount of additional credit you can
qualify for and should assume.

Though you should be careful in taking on credit, it is not sinful to
borrow when you are in your 20s and 30s. Because you are
establishing a household, you need to buy many things that will
last for years. Therefore, expect to take on some debt—just don’t
let it overwhelm you.

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HOW TO REAP THE REWARDS YOU DESERVE!

Starting Now . . .

Use the following Resources, Action Steps and Extra Info to take
the next step toward your solid financial future.

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RESOURCE | RESOURCE | RESOURCE
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Credit Card Optimizer Kit

Tired of playing the credit card surfing game, constantly
transferring balances from one introductory offer to another?
Maybe you would rather just get the get the best credit cards for
your usage pattern and leave the surfing game to others.

The Credit Card Optimizer Kit give you all the information you need
in one simple 8-page report.

It lists the name and phone numbers of banks offering the best
credit card deals in five categories:

Lowest permanent interest rates—most below 10%

No annual-fee cards with low rates

Frequent-flier mile cards

Rebate and special promotion cards with rebates up to 5%

Secured cards if you have less-than-perfect credit

Each card listing shows the card’s interest rate, whether the rate is
fixed or variable, annual fee (if any) and whether it is a MasterCard
or Visa.

Click here to order the Credit Card Optimizer Kit .

You also receive The Insider’s Guide to Credit, a book explaining everything you need to know in order to understand and improve you use of credit.

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RESOURCE | RESOURCE | RESOURCE
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Everyone’s Money Book on Credit
by Jordan E. Goodman

Credit has become indispensable to everyday life in the United
States. If you take control of your credit obligations, you can
increase your wealth, cut your taxes, and buy what you need when
you need it without paying a king’s ransom in interest.

www.MoneyAnswers.com/bookstore/
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ACTION STEP | ACTION STEP | ACTION STEP
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Free Credit Reports

Sign up for a free 30-day trial at the Equifax website.
You can see your credit rating on a scale similar to what creditors
see as well as the detail of your credit report so you can spot any
inaccuracies.

Click here to sign up for your free trial with Equifax:
www.GuardMyCredit.com

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ACTION STEP | ACTION STEP | ACTION STEP
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Payoff All of your Debts
in 5-7 Years using the
money you ALREADY make!
DebtIntoWealth