Mortgage Basics – Web Page Finance

What does the word ‘mortgage’ literally mean?

The word ‘mortgage’ actually derives from two different languages. The French ‘mort’ translates to ‘dead’ and ‘gage’ comes from Old English and means ‘pledge’. So in short, the word ‘mortgage’ actually translates to a ‘pledge until death’. Scary huh? The last I checked, there are not too many things I want to be committed to forever aside from my wife, and that’s mostly because I know she is reading this. Love you honey!

All jokes aside… A mortgage really is something that you committed to for a very long time. It often takes some real gusto to figure out how to manage properly to make it work. Some banks are currently offering 40 year terms. Can you imagine how difficult it would be to still make monthly payments of $1,000 when you are nearing 70? I know that thought would scare me to death.

Unlike most other types of loans, your mortgage is often negotiated several times before its paid off. Some people decide to make larger contributions each month to pay it off more quickly. Others just pay the minimum. It’s another ‘black and white’ decision you will have to make when determining how to manage money. Read the rest of this entry

The Mind/Money Equation – Tips on Budgeting

Do you believe in the relationship between the mind and money? If you are still in debt there’s a reason for that. Part of learning tips on budgeting is also learning how your mind plays a significant role in the financial results you are currently achieving. If you follow this one simple equation and you will be well on your way to training your brain for financial success.

When we think about money we rarely think about how the mind plays a role in our financial achievements. There is an equation for how results are achieved in general. Not just for money, but for any desired result. Here it is: (I go into greater detail in our new video product found through the link below)

(D) – P – T – B – A = Results

Each letter stands for the following:

Desire

P Programming

T Thoughts

B Beliefs

A Actions

So, your desires lead to your mental programming which leads to your thoughts which then create the belief which dictates the actions you take which will ultimately lead to your results. This is the key for tips on budgeting and mental programming. Lets look at each area in more detail: Read the rest of this entry

Your Money Tapes – Tips on Budgeting

Written by Gary Foreman

The Dollar Stretcher Blog

I’ve often heard it said that the longest distance is between the human head and the human heart. What is meant is that there are many things that we know intellectually. We understand them and have no doubt that they’re true. But, we still have trouble acting on them. In other words, our heart doesn’t know the same truth.

How many of us suffer the same thing in our financial affairs? We know we should budget or begin saving for retirement. But we can’t seem to do it. Intellectually we know what we should be doing. But we just can’t get going on it. Our heart isn’t in the program.

One way to identify when our minds and hearts aren’t in sync is to notice what financial decisions make us uncomfortable. What financial activities make our palms sweat? Our hearts beat faster? Make our stomach quesy? When we feel uneasy about a financial event that’s a clue that it’s an area that we need to examine.

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