***********************************************************Hopefully you currently own your home now. You can use the qeuity in your current home as a downpayment on a 2nd home. Use the 1st as a rental. This may mean refinancing your 1st home or getting a 2nd mortgage on it. I suggest you take your first $15 bucks you can spare, go out and buy the book The Automatic Millionaire Homeowner by David Bach. This book alone is more than enough to get you started, even if you don’t think you can. You can also check out his website at www. finishrich. com/homeownerAnd by the way, don’t let others tell you it can’t be done or they know someone who tried, etc. They have good intentions. They are trying to protect you from disappointment (a feeling they’ve experienced). So thank them for being caring enough with thier warnings. But explain that what you can really use is thier encouragement and support and that any advice they have that might help you in your efforts would be much appreciated. Don’t give up. And congratulations on your thinking big. Hope this helps. Good luck. ***********************************************************
Bankers bonuses
Yesterday Lloyds announced it was cutting £2 million in bonuses from bank executives.
While this action was taken to penalise them for mis-selling of payment protection insurance (PPI), it is likely to cause much comfort to customers as each individual will still be left with a substantial salary (as well as a hefty chunk of their bonus).
While this action was taken in response to the PPI scandal, it once again raises the issue of bankers bonuses. In the current economic climate, should bankers be accepting these hefty remuneration packages or do they deserve the cash?
Tell us your thoughts.
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Vania
