my articles | learn more about DirectoryM articles | contact us | advertise with us   
 
SEARCH:
Quick Search Results

Searching...

ABOUT US | VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS | DM MOBILE | DM BLOG

How to Turn Your Liabilities into Assets Connecticut

Most people... find a disorientating mismatch between the long-term nature of their liabilities and the increasingly short-term nature of their assets.
1. Local Companies
2. How to Turn Your Liabilities into Assets
3. AskDestiny®.com
4. Featured Local Company

1. Local Companies

UNAPEN, Inc.
203-269-6111
2 Barnes Industrial Rd. South
Wallingford, CT
Crescent Mortgage & Financial Services
(860) 289-8059
23 Passaro Dr
East Hartford, CT
Globeop Financial Services Llc
(860) 722-7000
225 Asylum St
Hartford, CT
Solon Mack Capital
(203) 622-0730
411 W Putnam Ave Ste 450
Greenwich, CT
Scott Financial Services
(860) 885-0286
Norwich, CT
Acorn Financial Services Inc
(860) 767-7007
2 Essex Sq
Essex, CT
American Express
(860) 346-4276
98 Washington St
Middletown, CT
Fox Financial of Connecticut Llc
(860) 945-2739
1037 Main St
Watertown, CT
Lpl Financial
(203) 222-0404
25 Sylvan Rd S
Westport, CT
Federal Street Partners Llc
(203) 961-0408
750 Washington Blvd
Stamford, CT


2. How to Turn Your Liabilities into Assets

“Most people... find a disorientating mismatch between the long-term nature of their liabilities and the increasingly short-term nature of their assets.”
-James Arthur Baldwin

  • In difficult economies, you need clarity.
  • Clarity requires assessing both the big picture and the details.
  • When you are under financial stress, fear kicks in.
  • To overcome fear, return to simple fundamentals – assets v liabilities; cash coming in and cash going out.

    Here are some Insights and Solutions for turning your home into an Asset to generate Cash Flow:

    1. Make a detailed list of your assets. Assets that put money in your pocket v. liabilities are those things that take money out of your pocket.

    Critical Point: Homes are not Assets

    2. Your home is not an asset unless it puts money in your pocket. Your home is a liability or a series of expenses or outflows of cash until you can generate offsetting inflows of cash. Your home is, at best, an investment. Your investment turns into an asset if it puts money into your pocket upon selling or leasing it.

    Turn Your Home into a Money-Making Machine: Generate Cash Flow

    3. Turn your home into an asset or vehicle to put money in your pocket by looking into the following:
    a. Evaluate what your strengths and skills are.
    b. Look into putting events on in your house. You can be paid to create focus groups or be paid for being part of a focus group
    c. You can be trained for multilevel marketing and sell from your home.
    d. You can you can use your skills to consult to other companies and work from your home.
    e. You can create e-books based upon your specific expertise and sell them on the internet for extra cash.
    f. Bake cookies; sell cakes and pies.
    g. You can look up other home-based businesses that match your immediate skills.

    Negotiate to Survive Foreclosure and to Recover: Protect your Assets

    4. The name of the game is market, sell, and collect. You can save yourself, your home and your life by learning to negotiate from strength.
    5. Many people are afraid to protect themselves.
    6. Start with taking responsibility for what has occurred; forget whose fault it is.
    7. Learn a negotiation skill a day.
    8. Negotiation starts with knowledge.
    9. Read and learn how to negotiate. Typically, banks do not want to take your home or to write off your credit cards or your auto loans.
    10. Another key to negotiation is to know what you can and cannot do. What are your options? The person with more options wins most negotiations.
    11. Make a 6 month cash flow projection as to your worst-case scenario. How much can you bring in each month and how much do you have to pay out each month?

    Design a Priority Payment Plan:

    12. Prioritize your payments. Design a plan that shows what you can pay and when. If you have any funds coming in, make small payments to those that are critical for you to survive. Psychologically this is good for you and shows your creditors that you have good intentions.
    Bank Negotiation Points:
    13. Find out what effective interest rate you are paying. Find out how you can reduce your effective interest rate, i.e., is your actual cost of borrowing money. The bank’s borrowing cost of money is very low. They are in trouble too. They are very motivated to have performing assets (those they are getting some payment toward) on their books.
    14. It is much more costly for banks to deal with foreclosing on your home or your non performing credit cards and auto loans.
    15. If banks recognize that you understand their costs of doing business, including the cost of tying up their employees’ time, you start to create more of a level playing field in your negotiation with the bank(s).
    16. If you have very little income, then you should lay out a plan for the banks as to when you can pay. Ask for a non payment or grace period if you cannot make any immediate payments. Tell the banks it is better that you are maintaining your house. An occupied house is easier to sell and keeps up the value for them as well as you.

    Know When to Get Out and Cut Your Losses:

    17. If it is clear that you cannot maintain your home then get out. If you can’t sell your home, try to lease your home. Make every effort to stay within your community, especially if you have relationships and children.
    18. You can always find a way to rebuild your assets in your life if you are resourceful and resilient.

    Protection:

    19. Do not sign anything without a legal review. You cannot save on protection. Fine print destroys assets.

    http://www.askdestiny.com assists you in money-making wealth building and protecting your assets.

    • 3. AskDestiny®.com

    www.askdestiny.com assists you in money-making wealth building and protecting your assets.

    4. Featured Local Company

    UNAPEN, Inc.

    203-269-6111
    2 Barnes Industrial Rd. South
    Wallingford, CT
    www.unapen.com

    Read more about How to Turn Your Liabilities into Assets

    Regional Articles
    - How to Turn Your Liabilities into Assets Ansonia CT
    - How to Turn Your Liabilities into Assets Avon CT
    - How to Turn Your Liabilities into Assets Berlin CT
    - How to Turn Your Liabilities into Assets Bethel CT
    - How to Turn Your Liabilities into Assets Bloomfield CT
    - How to Turn Your Liabilities into Assets Branford CT
    - How to Turn Your Liabilities into Assets Bridgeport CT
    - How to Turn Your Liabilities into Assets Bristol CT
    - How to Turn Your Liabilities into Assets Brookfield CT
    - How to Turn Your Liabilities into Assets Cheshire CT
    - How to Turn Your Liabilities into Assets Clinton CT
    - How to Turn Your Liabilities into Assets Colchester CT
    - How to Turn Your Liabilities into Assets Coventry CT
    - How to Turn Your Liabilities into Assets Cromwell CT
    - How to Turn Your Liabilities into Assets Danbury CT
    - How to Turn Your Liabilities into Assets Danielson CT
    - How to Turn Your Liabilities into Assets Darien CT
    - How to Turn Your Liabilities into Assets Derby CT
    - How to Turn Your Liabilities into Assets East Hampton CT
    - How to Turn Your Liabilities into Assets East Hartford CT
    - How to Turn Your Liabilities into Assets East Haven CT
    - How to Turn Your Liabilities into Assets Ellington CT
    - How to Turn Your Liabilities into Assets Enfield CT
    - How to Turn Your Liabilities into Assets Farmington CT
    - How to Turn Your Liabilities into Assets Glastonbury CT
    - How to Turn Your Liabilities into Assets Greenwich CT
    - How to Turn Your Liabilities into Assets Groton CT
    - How to Turn Your Liabilities into Assets Guilford CT
    - How to Turn Your Liabilities into Assets Hamden CT
    - How to Turn Your Liabilities into Assets Hartford CT
    - How to Turn Your Liabilities into Assets Jewett City CT
    - How to Turn Your Liabilities into Assets Madison CT
    - How to Turn Your Liabilities into Assets Manchester CT
    - How to Turn Your Liabilities into Assets Meriden CT
    - How to Turn Your Liabilities into Assets Middletown CT
    - How to Turn Your Liabilities into Assets Milford CT
    - How to Turn Your Liabilities into Assets Monroe CT
    - How to Turn Your Liabilities into Assets Mystic CT
    - How to Turn Your Liabilities into Assets Naugatuck CT
    - How to Turn Your Liabilities into Assets New Britain CT
    - How to Turn Your Liabilities into Assets New Canaan CT
    - How to Turn Your Liabilities into Assets New Fairfield CT
    - How to Turn Your Liabilities into Assets New Haven CT
    - How to Turn Your Liabilities into Assets New London CT
    - How to Turn Your Liabilities into Assets New Milford CT
    - How to Turn Your Liabilities into Assets Newington CT
    - How to Turn Your Liabilities into Assets Newtown CT
    - How to Turn Your Liabilities into Assets Niantic CT
    - How to Turn Your Liabilities into Assets North Haven CT
    - How to Turn Your Liabilities into Assets Norwalk CT
    - How to Turn Your Liabilities into Assets Norwich CT
    - How to Turn Your Liabilities into Assets Old Saybrook CT
    - How to Turn Your Liabilities into Assets Orange CT
    - How to Turn Your Liabilities into Assets Plainville CT
    - How to Turn Your Liabilities into Assets Plantsville CT
    - How to Turn Your Liabilities into Assets Ridgefield CT
    - How to Turn Your Liabilities into Assets Rocky Hill CT
    - How to Turn Your Liabilities into Assets Sandy Hook CT
    - How to Turn Your Liabilities into Assets Seymour CT
    - How to Turn Your Liabilities into Assets Shelton CT
    - How to Turn Your Liabilities into Assets Simsbury CT
    - How to Turn Your Liabilities into Assets Somers CT
    - How to Turn Your Liabilities into Assets South Windsor CT
    - How to Turn Your Liabilities into Assets Southbury CT
    - How to Turn Your Liabilities into Assets Southington CT
    - How to Turn Your Liabilities into Assets Stafford Springs CT
    - How to Turn Your Liabilities into Assets Stamford CT
    - How to Turn Your Liabilities into Assets Storrs Mansfield CT
    - How to Turn Your Liabilities into Assets Stratford CT
    - How to Turn Your Liabilities into Assets Suffield CT
    - How to Turn Your Liabilities into Assets Tolland CT
    - How to Turn Your Liabilities into Assets Torrington CT
    - How to Turn Your Liabilities into Assets Trumbull CT
    - How to Turn Your Liabilities into Assets Uncasville CT
    - How to Turn Your Liabilities into Assets Vernon Rockville CT
    - How to Turn Your Liabilities into Assets Wallingford CT
    - How to Turn Your Liabilities into Assets Waterbury CT
    - How to Turn Your Liabilities into Assets Waterford CT
    - How to Turn Your Liabilities into Assets Watertown CT
    - How to Turn Your Liabilities into Assets West Hartford CT
    - How to Turn Your Liabilities into Assets West Haven CT
    - How to Turn Your Liabilities into Assets Weston CT
    - How to Turn Your Liabilities into Assets Westport CT
    - How to Turn Your Liabilities into Assets Wethersfield CT
    - How to Turn Your Liabilities into Assets Willimantic CT
    - How to Turn Your Liabilities into Assets Wilton CT
    - How to Turn Your Liabilities into Assets Windsor CT
    - How to Turn Your Liabilities into Assets Windsor Locks CT
    - How to Turn Your Liabilities into Assets Winsted CT
    - How to Turn Your Liabilities into Assets Wolcott CT
    Related Local Event
    HOLIDAY NETWORKING GATHERING
    Dates: 12/4/2008 - 12/4/2008
    Location: Country Club of Darien
    Darien CT
    View Details
    Rate Article
         
    Articles Insider
    Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
    Topics:
    Advertising Educational Content Home Appliances Real Estate Resources
    Business Services Entertainment Home Electronics Software
    Career Family Home Services Technology
    Cars Fashion Internet Telecommunications
    Chamber of Commerce Financial Services Legal Trade Shows
    Computer Hardware Franchise Miscellaneous Travel
    Construction Health Nightlife Weddings
    Education Holidays Online Database World History
    Articles.DirectoryM.com | Search | About Us | Contact Us | Mobile | Blog | En Español
    Copyright © Interaction Media Group. All rights reserved.