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Top 10 Finance Quotes from Donald Trump

We all know Donald Trump. Aside from his striking hair, he’s only one of the most prominent business magnates in America. After getting himself in $900 million in personal debt, and in about $3.5 billion in business debt back in 1991, in about five years, Trump was able get himself out of debt and back to billions.

Right now, Donald Trump’s net worth is a serious $2.5 billion and is certainly growing every year. Here are Donald Trump’s top ten quotes on personal finance, giving us a little insight of what makes him succeed.

1. When I started out in business, I spent a great deal of time researching every detail that might be pertinent to the deal I was interested in making. I still do the same today. People often comment on how quickly I operate, but the reason I can move quickly is that I’ve done the background work first, which no one usually sees. I prepare myself thoroughly, and then when it is time to move ahead, I am ready to sprint.

2. If you really want to succeed, you’ll have to go for it every day like I do. The big time isn’t for slackers. Keep up your mental stamina and remain curious. I think that bored people are unintelligent people.

3. Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you’re generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don’t make.

4. I like thinking big. If you’re going to be thinking anything, you might as well think big.

5. Every day, you’ll have opportunities to take chances and to work outside your safety net. Sure, it’s a lot easier to stay in your comfort zone.. in my case, business suits and real estate.. but sometimes you have to take risks. When the risks pay off, that’s when you reap the biggest rewards.

6. In business, I’ve discovered that my purpose is to do my best to my utmost ability every day. That’s my standard. I learned early in my life that I had high standards.

7. Take the pains required to become what you want to become, or you might end up becoming something you’d rather not be. That is also a daily discipline and worth considering.

8. Confidence can get you where you want to go, and getting there is a daily process. It’s so much easier when you feel good about yourself, your abilities and talents.

9. Be focused. Put everything you’ve got into what you do every day.

10. What matters is where you want to go. Focus in the right direction!

Whatever Trump is doing is getting him far, and based on what he’s saying, it takes a combination of discipline, focus, guts and intuition to get where you want to go.


Get A Free Flip Video Slide With Flushing Bank’s Checking Account

Don’t have a checking account yet? You’re just in time to open one! Get a checking account with Flushing Bank, and they’ll give you a free high definition flip and slide video camera from Cisco.

To avail of the video promotion, customers must open a BestRate Checking account with Flushing Bank. This checking account gives you a 1.30% APY for the first 90 days after account opening. After that, standard rates will apply.

Aside from acquiring a cool video camera, you will also be eligible for getting up to $100 from using your debit card, online bill pay, or direct deposit.

Now here’s the fine print. Only those who don’t already have a checking account with Flushing Bank are eligible for this promotion. Plus, the money you deposit in the checking account must be “new” money, or money that hasn’t been transferred from any other existing account in Flushing Bank.

Although the minimum deposit required to open a new checking account is only $100, the maintaining balance for the checking account should be at least $5,000 to avoid fees. And only those with an opening balance of $25,000 will receive a 16G Flip Video Slide HD at account opening. Aside from these requirements, the account must remain open and in good standing for six months.

Even with all the fine print, if you’ve got what it takes to open an account, the promotion remains good. After all, who wouldn’t want to have a free flip video slide camera? It’s handy, it’s cool, and with this deal, you can capture both a good interest rate, plus your most cherished memories.

Flushing Bank has several locations in New York.


Amerisave Gives 4.375% Mortgage Rate

Amerisave is one of the largest retail mortgage lenders in the country that seeks to give loan services with convenience. Right now Amerisave is giving low mortgage rates with a 4.375% mortgage rate on a 30 year mortgage. Other mortgage rates from Amerisave are:

• 15 year fixed – 3.375%, APR at 4.063%
• 30 year fixed – 4.375%, APR at 4.703%
• 7 year ARM – 2.875%, APR at 4.063%

FHA Rates
• 30 year fixed – 4.250%, APR at 4.915%
• 15 year fixed – 3.750%, APR at 4.086%

Amerisave also has a website where loan application is made easy. All you have to do is search www.amerisave.com, and follow the steps indicated in the online process. For home refinancing, first search your rate and determine the best loan for your needs. Download the loan documents, sign, and mail them back to Amerisave. Amerisave will then process and underwrite your loan. Closing your loan can be done at home, or at an attorney’s office.

Home purchase also involves searching for the best loan and applying. Amerisave will process and underwrite the loan, but the loan will be subject to final appraisal and title inspection. If you’ve already found a property, forward a copy of your purchase contract and lock in your interest rate on the product of your choice. Amerisave offers appraisal of your new property, and they will arrange for the closing of your loan.

Amerisave has received many consumer testimonials about effectiveness and employee support, with good communication being one of the highlights. Amerisave also offers services for education, insurance, and credit cards.


Thinking Like Da Vinci

Aside from saving and budgeting, managing your finances well also means investing it in the right place. It’s not easy to find the right investment vehicles and most of us are faced with uncertainty when it comes to investing money.

As we all know, Leonardo Da Vinci has been one of the most innovative minds since the beginning of time. And looking back at his life and principles, perhaps we could all learn a thing or two with investing and managing our money. Michael J. Gelb, author of the New York Times best seller How To Think Like Leonardo da Vinci: Seven Steps To Genius Every Day, he notes seven things that will have us thinking like Da Vinci.

1. Curiosita – The best investors are always on a quest for knowledge and improvement. This allows them to question every aspect of a business, company, or investment opportunity, allowing them to learn and spot flaws in the system.

2. Dimostrazione – Learning from experience or independent thinking gets investors to the next level. Most people tend to follow what others are doing, and what others are investing in. Following the herd means less for the taking, while being a pioneer almost always results to wealth.

3. Sensazione – Sharpening the senses and having an eye for detail allows investors to see what’s going on around them. Investors need to be updated on what’s happening in the environment to keep ahead of the game.

4. Sfumato – Change is the only constant thing in the world, and investors need to maintain composure in the face of uncertainty. It’s easy to be caught up in a certain system once it’s successful, but to be a competent investor, you must be aware of necessary changes that must be done.

5. Arte/Scienza – They say the left-brain is responsible for numbers, figures, charts and graphs while the right-brain is for feelings and creativity. Using both sides of the brain is key to harnessing balance in analyzing data and using intuition.

6. Corporalita –Body-mind fitness is essential to coping with the everyday stress associated with business. Learning to manage stress and keeping healthy is important to sustainability.

7. Connessione – Leonardo da Vinci always made connections that other people aren’t seeing. This type of thinking allows investors to use one resource and connect it with another to gain results.

Leonardo da Vinci was a genius in his age and to get an insight to his thinking allows us to imitate and embody the principles he lived by. Being a success that he was, we can use what he left us and mold it to accommodate the patterns of the modern world when it comes to managing finances, investing, and saving up for retirement.


Top 3 Places To Get A Student Loan

Just like borrowing for a home or car loan, one thing to look at is definitely the interest rate and what the lending institution can offer you. The best thing about student loans is that the government is very willing to help American citizens get a good education. One of the best places to get a student loan is definitely from the feds, among others.

The top three places to get a good student loans are:

1. Federal student loans – The good thing is, federal loans are going straight to the colleges, without having to go through the banks. Stafford federal loans dropped 4.5 percent last year, from 5.6 percent in 2009. Plus the government pays interest while you’re still in school, up to six months.

Qualifying for a government aid depends on income and assets as assessed by the FAFSA. Families earning an income of about $80,000 usually qualify for the loan.

2. State programs – State loans are granted to students who attend college there. Rates range from 6-8.19 percent and variable rates from 1.78 to 3 percent. Stafford loans are generally more advisable because of the fixed interest rates and the best repayment terms.

3. Plus Loans – PLUS loans allow parents to help the student with the loan. Fixed interest rate is at 7.9 percent, although some parents paid 8.5 percent last 2010. An extra 4 percent fee will be added to the loan.

These three loan options give the best choices for those seeking to have a student loan at the best terms. These certainly beats the bank in terms of interest rates and monetary leeway.


Highest CD Rate From Aurora Bank – April 2011

This April, Aurora Bank leads the pack as they offer the highest interest rate for a 12-month CD. With a 1.25% APY, Aurora Bank is giving the best rate yet for this month.

12 month CD’s gives you the most sensible comparison on just how much you can earn when you put your money in a CD rather than in a savings account. Right now, Aurora Bank savings account rates gives a 0.90% APY, a far cry from the 1.25% they can give you with a CD.

For a 12 month CD, Aurora Bank requires a $1,000.00 minimum deposit. However, if you deposit bigger amounts, higher interest rates are adjusted accordingly. Other CD terms offered by the bank are 6 month CD’s at 1.07%, 18 months at 1.38%, 24 months at 1.5%, 36 months at 1.81%, 48 months at 2.05% and 60 months at 2.39%.

Other banks that are also giving away high CD rates at this time of the year is Ally Bank at 1.24% APY, Discover Bank at 1.20% APY, Ever Bank at 1.01% APY, and SallieMae at 1.00% APY.

Aurora Bank has been into consumer banking for 85 years, with headquarters at Wilmington Delaware. The bank services over 340,000 customers and offers a wide range of services from checking accounts, savings accounts, money market, certificates of deposit, loans, and many more.


Should Your Teen Have A Credit Card?

With the rising phenomenon of high school and college students deep in credit card debt, the question for each parent is, “should my teen have a credit card?” Surveys show that college freshmen have an average of $1,585 in credit card debt. This amount is certainly no joke.

One college student shares her experience of how she feels strangled by debt, wishing she could just pay everything off. With three jobs and bills to pay, it’s hard to believe she’s only 19 years old.

There are always two sides to a coin, and while some parents believe that giving your child a credit card will teach them financial responsibility, others argue that they’re just not ready for it. Janet Bodnar, author of “Raising Money Smart Kids: What They Need to Know About Money And How To Tell Them”, explains that credit is not real money to teens. “It’s a license to spend, and they’re not learning how to manage money on their own.” Because of the rising statistics of teens in debt, it’s an opinion that’s well worth considering.

So how do you prepare your teen for financial responsibility? There are a couple of steps you can take before going out to the big leagues.

1. Financial education – This is where everything starts. Educate your teen about money and allow their minds to be opened about wise investing, budgeting, and even mind setting. Expose them to different kinds of media such as financial books, audio-visuals, and even seminars. One day, they will thank you for it.

2. Start with a prepaid debit card – A debit card for your teen is a smarter choice than a credit card. This gives you some degree of control since their spending will have a limit. Strike a deal with your teen such as having a set amount that should last for the month. Be strict about your rules and let them know that when they’re on their own, there won’t be anyone to give them more cash when they run out.

3. Move on to a checking and savings account with debit card – When your teen gets his first part-time job, he’ll be having money that goes straight into his account. Having these accounts will allow him and you to monitor the spending through the monthly statements. Over withdrawing can be subject to penalty, and this is a responsibility your teen will have to face. Then again, a penalty is better than a steep credit card debt.

4. Finally, the credit card – Get them a card that has a limit to the amount of debt it can incur. Be sure to discuss the monthly statements when they start arriving, but focus on how your teen is able to pay the bills off monthly. Ask questions such as “what made them charge the purchase rather than using cash?” and “have they bought anything unnecessary just because they have extra credit?”

When introducing credit cards to your teens, the most important aspect will always be financial education and maturity. Once they understand the weight of possibly getting into debt, and how they can manage their finances better, the more control they will have. Be open to your teen, and if credit cards aren’t necessary yet, there’s no need to give them one. No rush.


Save on Your Mortgage By Getting 1% Cash Back With Chase Investments

Here’s the deal. If you have a mortgage with Chase Investments, you’re eligible to a 1% cash back every time you pay your mortgage. Think about it, if you already have a mortgage, it’s a given fact that you’ll be paying for it every month. Why not get a mortgage that gives back every time you make a payment?

It’s really simple. If you already have a mortgage with Chase, all you need to do is open a checking account with them. You can either choose to have your 1% paid directly to your checking account, or deducted from your principal balance.

In their website, Chase offers a specific example to show you just how much you’ll be saving with the 1% Cash back Program. Say you have a $300,000 loan on a 30-year term and your monthly payment is $1,750. You’ll be rewarded annually with a $210 cash back on your payments. You can choose to have this directly paid to your checking account where you’ll be saving a total of $6,303 for the lifetime of the loan. And better yet, if you choose to pay the amount to your principal, you’ll be saving a whopping $15, 803 plus you’ll be paying off your loan 9 months early. Sounds good right?

If you already have your mortgage in another institution but you have a checking account with Chase, you can simply transfer your mortgage to Chase to avail of the promotion. The savings on mortgage you get with Chase 1% Cash back will vary with the loan amount and term. To get an idea of just how much you can save, you can head on to their website where they offer a cash back calculator. Just input your loan term, interest rate and loan amount, and you’re all set.

And as their tagline goes, you pay your mortgage, your mortgage pays you.


Save Up For Your Child’s Future with an Education Savings Account

When a child is born, it’s only too common that parents will start thinking about the child’s future. This includes saving up for college and evading the need for student loans. Usually, parents start a college savings fund, but what about the high school and elementary years? Fortunately, there is a fund that covers both expenses called the Coverdell Education Savings Account or ESA.

What Is ESA and What Does it Have To Offer?

The ESA allows contributors to deposit up to $2,000 per year on the fund. The best thing about it is that depositors don’t get taxed on earnings from interest, appreciation and dividends. This allows more growth of the money that parents put in for their children. Regular savings account would normally charge taxes on the earnings of an account, but this levy does not apply for the ESA.

How to Qualify?

Your modified adjusted gross income or MAGI will be the basis for qualification. Aside from the parents, friends and relatives may also contribute to a child’s ESA as long as they meet the qualifications. Several factors will determine qualification of income, and a table for income ranges and contributions has already been set.

Basically, you can contribute $2,000 per child if your income is less than $95,000 for single individuals, and $190,000 for a married couple. Individuals with a MAGI between $95,000 and $110,00 can contribute a portion of the $2,000.

Avoiding Tax Deductions

Although the ESA is a tax advantaged investment, there are also instances when your child will pay tax on earnings. This would be because of violation of the fund’s rules. Some policies include choosing a school that allows federal financial aid, using the money for other expenses not included in the table of qualifying education expenses, and not using the money by the time the child turns 30. There are also regulations on putting in too much for a child.

The rules state that only $2,000 in deposit is allowable per year.
There are certainly some advantages with investing in an ESA for your child. Tax benefits are one of the strong reasons why an ESA would be a good replacement for that usual savings account or college fund. Also, if the funds are unused by the time the child turns 30, there is a provision that allows the rolling over of the money to another family member.


Low Rates and Easy Loans with SpeedTrack Loans

SpeedTrack Loans is a financial institution that specializes in giving home loans from fixed mortgages to refinancing. Right now, SpeedTrack Loans is offering 30 year fixed mortgages with a fixed rate of 4.375%. With the average mortgage rate running at 4.77%, this rate is about one of the lowest borrowers can get.

And the rates aren’t the only thing that’s good about SpeedTrack Loans. This institution provides a user friendly website that allows people to enter brief information on their online form and a selection of what kind of loan you want. Their mortgage lender department will then contact you to know more about your situation.

Giving out of information isn’t a one-way street. SpeedTrack Loans will provide you with a wide variety of contact information to choose from like e-mails, phone numbers, and even pagers so you can get a hold of their personnel in a quick and efficient manner.

People who are low on cash for down payments also have a reason to rejoice. If you can’t afford a 20% down payment, SpeedTrack Loans allows you to give only 5% while still being able to qualify for a 30 year fixed mortgage on your primary residence. Their loan categories include refinance loans, home purchase loans, and home equity loans.

Other rates is 3.625% for 15 year mortgages, and 2.75% for 5 year ARM’s. Finally, SpeedTrack Loans is not location sensitive. Being an online lender, anyone from all over the USA can apply for a loan. What more can you ask for? Check out their website to see what SpeedTrack Loans can truly offer you.

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