DoForSelfEnterprises

Credit plays an important an important role in your life affecting the purchases you make and so much more. The more insight you have about credit, the easier it is to strengthen your financial well-being. The object of obtaining a good credit score is to provide you with a better opportunity to qualify for loans and better interest rates due to a great credit score. I will proceed to list three beneficial reasons why a good credit score is what we need in 2018.

First, we will talk about ” Credit Scores and Loans “. All financial institutions seek credit scores as a base to issue loans. It is important that each one of us maintain a good credit score. These scores will represent us when we need money, and more significantly determine the interest rates charged on the loans. For example , a transaction from a merchant that charges you 15 per- cent (APR) , as opposed to 5 percent (APR) could mean the difference of hundreds, and depending on what you are purchasing, thousands of dollars paid with the higher rate. By getting a free credit score, borrowers can know where they stand, in terms of getting loans sanctioned.

The second reason why a good credit score is what we want, is because as long as we are beholden to ‘ Financial Institutions ‘ , they do the lending, and we do the borrowing. It is determined from our income, repayment records, over drafts, and such that credit bureaus provide a credit score that will either have us paying significantly more, or significantly less. The credit scores are in turn used by financial institutions, to determine if the borrower can be lent the  amount and to estimate the payment capacity of the borrower. Today, FICO credit scores are the most widely used scores, in addition to the three major credit bureaus Experian, Equifax, and Transunion among others.  Provided we are responsible maintainers of our credit all of the scores there should be little or no variance between credit bureaus.

The third, and final reason to have a good credit score is to have more options, and easier access in the financial arena. Credit scores usually range from 300 to 850. An individual who is able to maintain a score above 720 or 750 is said to have a good credit score.  Obviously, if a person requires a loan, he should try to improve his credit score, to get loans easily and to receive lower interest rates. The credit score is an individual score. You will get the credit, or you get the consequence. We offer a great on-line Credit Repair and Credit Monitoring  System, called http://www.myecon.net/750-monitoring/   part of our fantastic” Smart Money Kit”.

Credit is an important part of our society, so cherish your credit history and your credit score. Make it just as important to you as your good name and keep it clean and pristine ; it can mean so much to our future.

By Tyrone H. Muhammad

Executive Vice-President

Do For Self Enterprises

 

It was as once stated, ” It is better to have loved and lost then never to have loved at all.” Well something is always better than nothing, however when it comes to money for the things middle-class income Americans have been used to, will soon be passe . We’re not talking about the  extravagant choices like private jets and yachts. Let’s stick to the basics, and straight up necessities so we can gauge where we stand.

Who doesn’t like to take vacations, especially when you work a job that you really don’t like. A vacation is an extra expense that many middle-earners  cannot afford without sacrificing something else. In 2014 , 54% of people gave up buying big ticket items like big screen televisions or electronics , so they could go on vacation. Trips to the movies, and to your favorite restaurants would also have to be given up. I remember working at FedEx and they offered the employees to buy back their vacation time and there were quite a few who took up the offer. Research shows that vacation improves productivity and health. If you enjoyed your work like many entrepreneurs there would not be such a dire need to take a vacation.https://www.priceline.com/?refID=PLMPSTRAVEL&refclickID=MYE6809E   

New vehicles tickle most of our fancies. Interest.com shows many households are stretching dollars more than they should. High price tags do not hinder Americans from driving new cars. Experian reports the average loan amount for a new vehicle at the end of 2016 hit $30,621 the highest on record. The average loan term for a new vehicle is 68 months (5 plus years). Even used vehicle loans have an average duration of 66 months. Meanwhile, the average monthly payment for new and used cars totaled $506 and $364, respectively. Suffice it to say just financing a vehicle is not as easy to do as times past.

Finally, how many middle-earners have sufficient ‘ Emergency Savings ‘? Just about half of Americans are placing almost nothing aside for the future. A report from Bankrate.com finds that 38% of Americans don’t have enough money in their savings or checking accounts to pay for life’s little surprises such as $500 car repair or a $1,000 emergency room visit. If a financial emergency arises, 22% plan to cover the bill by reducing spending elsewhere, 16% say they will borrow money from family and friends, and 12% depend on credit cards to make up the difference , which leads to even bigger problems down the road. Folks, let’s face it, life is an emergency! The better we can solidify our personal economies the more we will be prepared for the inevitable, and allow us to continue to live the lives we are afforded , and do better as we are presented new world financial strategies .

We specialize in enhancing your Personal Finance. Contact me for free consultation. Change your thinking, and grow your money!

Thanks to Erika Rawes for her article, “10 Things the Middle Class Can’t Afford Anymore written October 11,2017

By Tyrone H. Muhammad

Executive Vice President

Do For Self Enterprises

Cesar L. Rodriguez : Network Marketing Overview

Build your fortune, not someone else’s. If I asked you, ‘ At your current place of work, who is making a living and who is getting rich?’, how would you respond. Being that I have experienced both sides of the fence I will help you with a answer. The owner of the business owns the asset. The asset is the business, and you as an employee of that business is a asset as well, for the owner. The control and the wealth is in the ownership of the business. By working as an “Employee”, you are spending your 8 hour day building someone else’s asset. You are earning a living, and the owner is building a fortune. You are not only making ten times less money, but also paying twice as much in tax.

Now that we are clear of what respective positions are dominant, and what positions are inferior let’s deal with the desire of both, to earn more in their positions. First the employee, what if you wanted to double your income each year. Recent facts state the average yearly pay raise is 2%, and the average rate of inflation is 4% . No calculation needed here, by the dollar being able to buy less the employee is virtually being downsized each year their pay raise fails to keep pace with inflation. Truth be told many employers today procrastinate as long as possible to even give a raise at all. Like I mentioned earlier, been there done that! Can someone say, helpless. The bills don’t stop, and the payments inflate too.

On the other hand when the owner wants to pad the business bottom line usually the first move is to cut the business workforce (lay-offs). When The Great Recession of 2008 hit the housing and financial markets I saw people in so-called “good jobs” asked to leave the business owners’ Fortune 500 blue chip companies so they could shift their income from red ink to black ink. The point is ,  it is wise to be on the ownership side of the asset. In Network Marketing you position yourself to be a owner of a business. The best part is whatever you work to earn in your business is your personal asset. One of my mentors in Network Marketing was so successful in his company, he became the top earner of the company. What he attained, in terms of mainly people he acquired in building his business in what is known as a down-line in the industry, was sold as an asset to another Network Marketer. Do you know my mentor still receives paychecks today from a business he stop working , and sold five years ago. This is how business owners leverage their way to wealth. I  am a professional entrepreneur today destined for unlimited success, however when I retired from my day job that I worked as an employee for the last 27 years , as soon I clocked out on March 24th, 2017 the linear pay stopped cold. Tomorrow belongs to those who prepare for it today.

Finally, what makes Network Marketing extremely attractive today is how it feeds in to one of the hottest trends of all time, ” The Internet / The World Wide Web “! As an employee and oh, a word I almost did not mention, consumer, make any money from using the ” internet “? The internet is changing the world as we know it, and you are living in the middle of it right now. In fifty years you might look back and think, why didn’t I make the most out of it. 224 million people shop online in America, and 80% of Americans shop online at least monthly. My business offers a wonderful opportunity to dive in to this market without the inventory, or you being responsible for the shipping. As a matter of fact we feature The Largest Cash Back On-Line Shopping Mall in The Galaxy! www.doforself.myecon.net

Yes, the business way to go is Network Marketing, primarily via a home-based business, where you can be a owner, create income producing assets, leverage, receive passive/residual income, save on taxes, travel, connect with new and exciting like minded business people, and have true financial freedom! Last, but certainly not least you are in a profession to help many, many people in our society to a place they have only dreamed of.

Your Friendly Online,

Financial Consultant,

Executive Vice President

Do For Self Enterprises

Tyrone H. Muhammad

 

Technology in the 21st Century can be daunting, let’s not mince words, it can be down right intimidating. We fear what we don’t understand. Trust me as a fifty-six year old ‘ baby boomer ‘ there is a lot I don’t understand when I get on my i-phone 6 ,laptop, and desktop personal computer. However being reluctant to challenge the ignorance that many of us suffer from when it comes to technology is not going to help us one iota as we trek toward navigating a on-line business, or scanning a document to send by e-mail.

The only way we can become more proficient with a era that is not going away any time soon, but will intensify as the years go by is to confront the challenge. It has been said that globalization basically eliminated much of the blue collar workforce. We might be more familiar with the term called ‘outsourcing’. However as we see the advent of more and more kiosks, automated toll booths, self-checkout cashier lines, and soon to be self-driving cars it is obvious the robot invasion is in full effect. This quick and powerful technology trend will soon gobble up, what we know as the ‘ white-collar workforce ‘. Now is the time to position ourselves in a quality home-based business, seek entrepreneurship on the world-wide web or something of the sort because the haggard old philosophy of , go to school/get good grades/get a college degree/get a good job and everything is going to be all right is passe.

At some point we have to invest in ourselves. We can educate ourselves through YouTube University , Google Tech, and Trial & Error Institute (smile)! Believe it when I say love is the gateway to education. To love yourself is the greatest love of all.  This means let’s be patient with ourselves, when one step or another gets us totally frustrated, because until we figure it out we can’t progress to the next step. Patience is a virtue . Faith, is something that if we strengthen our belief, along with patience, we will become powerful in our quest to get on top of this technological world, and profit from it at the same time. Unfortunately, many of us are trained to live off of fear instead of desire. There is nothing more powerful than a made up mind! Come on , with it digital era we are ready , willing, and able!

By Tyrone H. Muhammad

Executive Vice President

DoForSelf Enterprises

http://doforself.myecon.net/

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