Introduction     Mistake #1      Mistake #2      Mistake #3      Mistake #4      Mistake #5
Mistake #6      Mistake #7      Mistake #8      Mistake #9      Mistake #10 

Mistake #4

The fourth mistake.

4. Applying general financial "rules of thumb" to your specific needs and situation!

When it comes to you, your situation and your home, the only rule of thumb that is true, is that:

There are no general rules of thumb!

Every individual and situation is different. Do not be taken in when someone tells you that the value of you home should equal 2.5 times your income. or That your house payment should equal 20% of your monthly income. or That families consist of a Mom & Dad and 2.5 kids. (I always wonder what happened to the other half of the 3rd child?)

Make a note of this: Do not let anyone persuade you to make financial decisions that are right for you based on what someone else is doing or on some canned TV advice!

LET’S TAKE A POP QUIZ:

  1. IS YOUR MONTHLY CASH FLOW IMPORTANT TO YOU? 

  2. WOULD YOU LIKE TO LEGALLY DECREASE THE TAXES YOU OWE TO THE IRS EACH YEAR? 

  3. ARE YOU PAYING INTEREST ON YOUR CREDIT CARDS, CAR PAYMENTS AND OTHER BILLS? 

  4. ARE YOU PLANNING A MAJOR PURCHASE OR SOME HOME IMPROVEMENTS IN THE NEAR FUTURE? 

  5. DO YOU FEEL LIKE YOU WILL BE IN DEBT FOR THE REST OF YOUR LIFE? 

If you answered yes to any of the above, then it is time to stop wasting your money and analyze your situation to see if you could benefit financially by re-organizing your debt!

HERE IS A BIG TIP:

If you have too much month at the end of your money, we can help you!

Email us or Call us at 303-771-1320 or APPLY ON LINE NOW!

NEXT MISTAKE (#5)...

 

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