Foreclosure Crisis!!!

wp-1453582921998.jpgThe “Foreclosure Crisis” What did we learn from it? Should I purchase my home using cash or should I go with financing. I think the foreclosure crisis put people in a survival mode and they realized housing is basically shelter from the elements of nature: rain, snow, sleet ice the sun etc. So, after wasting thousands of dollars on 30 year mortgages to watch our equity and homes disappear overnight how much money are we willing to spend the second time around on descent housing without breaking the bank. Even better, without having to go to the bank. The banks are great partners if the deals are structured in a way that we might be able to win. Going into a mortgage with a 30 year note in an economy where companies are redesigning **[fancy word for laying off]** the organization every 3 to 5 years, may not be such a good ideal. How do we start this journey to affordable housing. Lets look at some practical options.

I read an article written on August 18, 2015 by Chris Mathews titled, “Young people can afford homes, they just don’t want to be homeowners.” In that article he stated, “for an unmarried person who hasn’t settled down or found a long-term career, homeownership doesn’t make a lot of sense.” I somewhat agree. However, everyone will at some point need a roof over their heads.  I would encourage every human being on the planet who is of working age to learn to save at least 25% to $28% percent of their income for present and long-term housing expenses.  What you decide to do with the remaining 72% to 75% is up to you. If you want to rent a place until you find a long-term career or long-term partner to contribute to the purchase of a house it is totally up to you. In the event of an emergency you will have at least a decent amount of savings to approach a bank in true partnership to discuss obtaining a mortgage on a home purchase. The only problem with renting, is in the event of a layoff, natural disaster or any other catastrophic condition you have no where to go and no amount of cash saved to put down on a house which can leave you jobless and homeless. Saving $375 every two weeks toward your housing expenses will net you $27,000 in 3 years or 36 months. This is a respectable down payment on the purchase of a home that cost $120k. The next questions is how long are you going to take out the note? This is where my vision gets cloudy. No one can predict what will happen tomorrow. I can not tell you that I can agree to terms of the note for 15 years because I don’t know when or if my financial situation will change. At best you are going to make an educate guest of what you think you can pay based on your current financial situation. The key is once you have at least amassed $27,000 dollars there is a lot you can do in real estate as it pertains to buying a home. The millennials are in a great place to start thinking differently. They can take the 27,000 and purchase a foreclosure and live in it without the heavy debt of housing payments. They can continue to invest there $375 every two weeks into their housing account and in another 3 years or 36 months, they have another $27,000 saved plus a paid for home which hopefully has gone up in value. They key is to think differently about housing you will always need somewhere to stay. A fourth of your income for life should be committed to your housing. Once you have acquired some savings and negotiated a few deals you will never look at housing the same way.

I am personally declaring it the year of the Jubilee for myself. Leviticus 25: 1-4, 8-10. “You shall thus consecrate the fiftieth year and proclaim a release through the land to all its inhabitants. It shall be a jubilee for you.” I have lost enough during the early years of the foreclosure crisis that if they would return land and possession back to me I would never have to work again. The bible describes a period of time most people have never heard of the: Jubilee year… The proclamation of a fiftieth “liberty” year occurs on one of God’s annual feast days known as the Day of Atonement. I don’t know when it is, but I wish it would hurry up!:)

 

Empower independent wealth!

How many times do you have to get laid off to get fired up and realize…”I got to do something for myself”

You are smart gifted and have several talents to offer.  Let’s be real. One employer can’t possibly contain all that charm, good looks, smarts, wit, humor, sarcasm, finesse and style. It’s time to take your game global. Come on, spread the love to a world that’s waiting on the products and services you have to deliver. The world is waiting on thought leaders and forward thinkers. According to Wealth X (Wealth X is the global leader in providing qualified prospects and intelligence on ultra-high net Americans.) You can visit their site at http://Www.wealthx.com please read their article titled”American Billionaires:  how they make and spend their money.” According to their wealth table 62% of U. S. Billionaires are self-made. The top industries respresent Finance, Banking and Investing. So, you ask, “How can I get on the wealth band wagon.” I don’t know but we can figure it out together:).

Well, the time clock is ticking those bills are due in 10, 15, 30 days so we gotta be quick. Write down 4 areas you are passionate about. Now, list them according to priorities. For example, my four talents are:

  1. Human Resources and Organizational Development
  2. I love to blog
  3. I love to write
  4. I love reading and talking about books

The 5th one is my Freedom! (I have not figured out how to get compensated for that yet)  The freedom to choose  what I want to do from day to day!

For years I worked the traditional  8 hour 5 days a week confined to a desk space and cubicle. I enjoyed my friends and co-workers, but I quickly had an epiphany one day that I need to work in the field. I’m a people person. I like meeting new people and seeing new things. I started expanded my reach and honed in on my Microsoft office skills until I got them to a point where I could work in the field or remotely from home using outlook, excel, access, word, powerpoint, publisher etc. I also perfected my computer skills to do HR and IT business consulting so that I could expand my reach and offer my services to more clients. I love technology, so I built a website. I love to write, so I started a blog. Try to attend an annual conference quarterly to find out about your industry and get some tips on how to get started. It’s easier to plug into a source than to start your company from scratch. Right now we are just trying to get you thinking forward. Dont’ forget the hustle. Once you have identified your talents, you now have to sell them. This is the fun part. Send me an-email or chat with me on line.  I will be more than glad to get you started in the right direction. Will my ideas and talents make me super wealthy? I have no idea, but for now my ideas are making me super happy;)

Cobra

Money and Love…can the two balance

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Money and Love

This topic right here be wearing me out!  Money. What is it about this green paper. Money and Love both have roots. Where have you planted your seeds? People who have money are looking for love and people who have love are looking for money. Woo child…is there really a happy medium? There are those who appear to have a little of both but according to the divorce rate they are mere gymnast walking a tightrope with a beam. God forbids someone gets sick or lose their jobs the relationship is often tried. Can you really find true love and what is a nice balance? Is it fair to ask your fiancé for a pre nuptial agreement on his or her wealth? Can the other partner ask that a cap be placed on how much love
the other receives? (Of course,for the sake of this blog I’m going to go along with all view points:) Because I don’t know the truth. What is “love.”  What is “money”? The more I write about this topic the more the web appears to be tangled.

What is Love

I think first let’s define what love is.
Yes, it is important to determine both parties definition of love. Love for one person is totally different to the other. Two people can be romantically and intellectually compatible, but define love in different ways. For example, my definition of love is, “The genuine and unconditional concern for the well being of the other person by my actions regardless of the circumstances.” In other words it is unconditional not mere talk. It sounds good right;) When people are called to make tuff financial decisions you see that there definition of love has a very different meaning unbeknownst to the other party. Most people will not admit during favorable times that they do have conditions on their love and that condition is their money!!! Yep, nobody is trying to go broke in search of trying to fulfill an emotional need. An emotion that can’t pay bills, can’t buy groceries and can’t fulfill the unique purpose in ones life. Remember, for this blog, I’m agreeing with all view points:) Then there are those people who don’t have much of anything, yes very few monetary resources and fall deeply in love and stay in love. There are those who seek love to replace the fact there is no money. After all it takes money to make money and love cost us nothing. What I’m trying to figure out is which one has the greater weight or value. I’ve seen some relationships go south when it comes to that change. I’m just keeping it real.

The bible says in Galatians 6:2 “to practice carrying each others burdens and so fulfill the law of Christ.” In today’s society with everyone being so independent it is rare that we have to carry one another’s burdens and when we have to do so in our relationships it poses extreme concerns. So, we have a few suggestions you can practice while trying to test the boundaries of love. It will probably be fun to make up your own suggestions too. In the event you have to make adjustment you have already participated in a test run.

Pretend to live off one person’s salary for a limited time.
Compromise your say in financial decision for 3-6 months.
Practice catering to the other person every need for 3-6 months.

These topics may appear to be light but they can have an impact on business decisions later on down the line.

We know that love is the greatest power on this earth. We also know the battle of Love and Money has existed since ancient times. We have successful couples that we will podcast with soon to share some pointers and tip on how they balance the two.
Remember there is a thin line between love and hate. Hopefully, you won’t find out the hard way.
Cobra

The World of Art with Lenard Hinds

wp-1452136997035.jpgLenard Hinds’s painting titled,AFTERSCHOOL

It is the innocent and vulnerable state of the children in their grandfather’s care that makes this such a beautiful piece. Lenard Hinds a renowned artist of this period states …”It is the struggle of youth that births and shapes the imagination of the Artist.” Through the imagination, the artist takes the paint brush to places the mind and circumstances can not go. Lenard Hinds can take a canvas and turn it into paintings that capture the “Heart of the moment!

Mr. Hinds is considered an urban legend with crazy swagg and a flair for fashion design, yet he is super poised and purposed as an artist. He is a visionary leader who is committed and passionate about his calling to the ARTS!!!

When I try to compare and juxtapose Hinds work with artist of earlier periods, I see the influence from every era, particularly John Singer Sargent. Sargent was known as the “leading portrait painter of his generation.” You can visit His virtual gallery:  http://Jssgallery.org

When Lenard Hinds is not recording music [** yes he is also an accomplished pianist, music producer and composer**] he spends time with his first love, his family, particularly his grandchildren. One day he picked them up from school and before he could question them about the activities of the day, they had fallen asleep in the backseat of his car. He looked through the rear view mirror and noticed them peacefully sleeping on one another without the others expressed permission. The true love and understanding of siblings. He reached for his camera and snapped the shot! He went home and grabbed a cup of cappachino and began painting this masterpiece he calls “Afterschool.” Lenard Hinds says, “Great paintings are often impulsive, meaningful, creative and wrapped in a little sense of humor.”

Paintings are visualized and framed from experiences that are universal and common to humanity.  It is the painter’s uniqueness and culture realities that serve as a guide as the artist subconsciously chooses his colors to portray this experience on the canvas.

Lenard Hinds is an artist and art dealer. He is also an entrepreneurer. He owns the “Esaye’s Artist Development Center.” His paintings can be seen in exhibits in various galleries and museums.

I spoke with Lenard Hinds and stated, “You have been so blessed in your gift and talents. Do you have any further goals? He responded, “Of course I do! I’m just getting started. I would like to have one of my paintings for sale in the Christie’s Auctions in New York City.”

We will be chatting with Lenard Hinds in a Podcast later this month in our entrepreneur chat room. If you would like to inquire about the purchase of one of his paintings please send e-mails to CobraConsultants1@gmail.com or you can visit Lenard Hinds Facebook page. He has limited editions of this painting.