How many times have you heard that you should buy a house because it is an investment and when renting you have nothing to show for it? And that your monthly mortgage check would build equity for you? Well, this myth is also true in the business world.
Consider the following example of a Florida company that bought an office building $170,000. Their mortgage payment was just a little more than their old rent, but they had the pleasure of calling their office their own. So, they assumed they were making (or at least saving) money.
However, when they outgrew their office, they were forced to sell their existing building. After owning the building for four years, they were able to get a selling price of only $160,000. In addition to that, closing costs and commissions set the firm back by about another $12,000. Continuing to rent would have saved them thousands of dollars.
Another way this company looked at buying its own office building was to consider that they would be able to deduct the mortgage interest from their taxes. However, this deduction alone isn't enough reason to justify an unneeded purchase which actually saves you only a few cents. If you spend a dollar, it is gone forever and there is no way to get it back.
When you fly on the commercial airlines of the United States, you are flying on the safest, most efficient form of transportation.
The most important aspect to consider in avoiding a traffic ticket is to be aware of where you are in the current traffic pattern. Many people will tend to slow down for the first two days after receiving a ticket. But a lot of people don't.
Agencies may designate and use 10-40 and above to suit their own needs.
Have you ever sent away for something by mail and waited... and waited... and waited? Maybe you didn't receive what you wanted or what you thought you were ordering. Perhaps you didn't receive a reply at all.
Has anyone noticed that the world is growing wickeder and wickeder? I sure have. Can you remember a few years back when human beings would give each other the benefit of the doubt rather than jump to conclusions?
Consumer credit reporting agencies (CRAs) collect credit information on you from banks, department stores, credit card companies, and other types of financial institutions that may extend you credit.
Social Security is a social insurance program that provides old-age benefits for retirees and their survivors, disability insurance for workers and survivor benefits for dependents.
It is very tempting to play the lottery. Just last week, there was a lottery in my area that had a grand prize of $110 Million! What you could do with all that money. Unfortunately, the odds of winning that prize were 1 in 54.9 Million.
Your social security number is a unique identification. You are the only person who has that number. But did you ever wonder what the numbers in your social security number mean?
Simply put, living trusts are an expedient way to transfer property at your death. A living trust is a legal document that controls the transfer of property in the trust when you die.