William Rassman, CFP®, is a speaker, author, and financial services advisor for successful individuals & families. He began his career at Smith Barney in the financial district of New York in 2008, and is a Wealth Advisor at Centric Capital Advisors.
Will graduated from Wagner College in New York, New York, with a BA in economics. A former college hockey player and NCAA golfer, Will lives in Manhattan Beach, California, with his wife Svetlana. He is an active member of the Financial Planning Association and Toastmasters International. During his free time, he enjoys volunteering with his dog, Gopher.
Listen to the interview below, and be sure to check out his book, Atlas Shift: Mastering Your Financial Experience in the Post-Information Age
Silver jewelry is a favorite for both men and women because unlike other metals, it is quiet but classy at the same time. You can wear silver with office attire as well as when dressing up for a social event. Silver also pairs nicely with other metals or ornamental gems to create breath-taking jewelry pieces.
However, as the popularity of silver jewelry grows, so does the availability of cheap knock-offs. This is because most people assume good silver jewelry has to be expensive and will gullibly buy ‘cheap silver’. The notion is however misinformed; Silver jewelry is not expensive and can be as affordable as other types of jewelry.
At Harmonyball Jewelry Storefront, we believe in making silver jewelry affordable to all. You do not have a complete wardrobe until you have some silver jewelry pieces to complement your outfit. Our jewelry pieces are high quality, unique and more than affordable to anyone. We have pieces selling for as low as $16 with free shipping for select items.
What’s even better, your orders will be delivered within a few days after your order meaning you can totally ‘last-minute’ shop your jewelry from us. As an Amazon store, we maintain a high-quality jewel inventory with a variety of beautiful pieces for both men and women.
If you want to look good, feel fabulous and stylish, you need to pair up your outfit with silver. Make a statement with your dressing; define your style and persona with the best jewelry pieces at unbelievable prices. Take advantage of the coupons and 10% off deals on our products to save big on orders and shop more. Visit Harmonyball Jewelry Storefront now: https://amzn.to/2vGSHUt
Morissa appeared on the Rocken Budda Radio show for an interview, listen to the full recording below!
Morissa recently interviewed Diana Blackmon, the author of One Foot on the Shore…a Spiritual Journey to the Promised Land! Hear the full interview below!
Recently, Morissa appeared on an episode of Classic Movies with Ron MacCloskey where she got to talk about her personal history, family, work, inspirations, and (of course) a classic movie! She had a wonderful time speaking with Ron, and looks forward to seeing what he has in store for future episodes of Classic Movies!
Head over to Edison TV to watch the interview!
Creating and adhering to a budget is difficult. When finances are stretched especially tight, it can feel impossible to budget with the money that you have. Yet, the importance of implementing a proper budgeting system in your and your family’s lives cannot be overstated. Understanding where one’s money goes is the basis of making sound financial decisions, improving one’s credit, and saving money with which one can invest in their future.
What happens after a person has set pen to paper and calculated where their money goes? The next step is to stick with that realistic and comprehensive budget that they’ve just outlined. This is where many people fall short, become frustrated, and slide back into old spending habits. So, how can you avoid this common financial trap?
The five budgeting tips below are time-honored methods of not only creating a budget, but also sticking with it so that you’ll see the results in your monthly statements. As curtesy of a financial consultant, mortgage broker and debt relief strategists AskRoss.ca they will surely help you optimize your finances.
Understand Where Your Weaknesses Are
Hey, we’re all human and all humans have flaws. We all have material items and experiences that we’re attached to, and we’ll often find ways of paying for them even when we’re penny-pinching. One of the biggest errors that people make when creating a personal or household budget is not paying due attention to the areas where they’ll be more tempted to spend extra money. Whatever this may be, it is important that anyone with a budget pay extra attention what their spending “weaknesses” are to stay on track.
When Life Changes, So Should Your Budget
Life changes often, and this may result in having more or less money to budget with than when you initially created your budgeting plan. When major life or financial changes happen, it’s important to look again at the budget you’ve created and make any necessary adjustments. Changes could include the payments toward a big bill or new loan, a promotion or new job that earns more income, and anywhere in-between. If new life circumstances have impacted how much money a person has at their disposal, it’s time to take a second look at the budget.
Don’t Be Too Rigid
Some people like to budget down to the very last penny – and it often doesn’t work. This kind of budgeting is stressful and invites failure because there is no “wiggle room” for sudden, minor expenses. Sticking to a meticulously-planned budget is great practice, but when every single penny is accounted for in the weekly or monthly budget, it’s much easier to fail than it is to succeed. If it’s possible, create an actual “fun” budget and an “emergencies” budget – just in case!
Try Minimizing Your Use of Cash
Cash can be tough to budget with, because it’s hard to keep track of unless you are meticulous about keeping your own records. Most people aren’t, and that’s where debit/credit cards are of great help. Consumers can keep track of their expenditures, bills, and income with any number of online banking apps, many of which are already offered by their banking institution. Making use of an app or website of this nature makes it easier to track your budget, because all of the information you need is just a log-in screen away!
Prioritize Your Debts
The best way to save and budget money is to get out from under one’s debts. Make sure to prioritize your debts, starting with the debts that have the largest interest rate (if applicable) and working from there. You can’t get ahead when you’re in debt, so formulate your budget to include some income that will be targeting what you owe.
It’s not always easy to create a budget, but for many individuals and families it is a necessity, a part of improving lives and creating a more comfortable future.
Morissa recently moved to her first home. There are a lot of technical terms you hear when you buy a new property, and we are here to make it easier for you to understand…
The road to home ownership is paved with terminology that you likely have never heard before. Unless you have gotten a mortgage in the past, you’re not going to be familiar with the terms flying around. But they are important to understand – vital, even, to making the most informed decisions as they relate to your first mortgage. Mortgage glossary terms might make you scratch your head at first, but if you take a moment to familiarize yourself with them you will find it easier to comprehend the rest of the home-buying process.
Here’sa list of the most commonly used terminology, curtesy of our friends at AskRoss.ca
Amortization Period: This is the period of time in which the total balance on the mortgage loan becomes zero – when the principal on the loan is paid off in full.
Appraised Value: The value of the property being sold, as determined by a licensed and accredited appraiser.
Blended Payment: A payment toward a mortgage that goes toward both principal and interest.
Closed Mortgage: A mortgage of this variety locks the homeowner into the loan for a specified length of time. During this time, the mortgage rate is locked in as well. This means that the rate of the closed mortgage will not fluctuate, even when rates change.
Closing Costs: Any money that is used to finalize the sale of the property should be accounted for in closing costs. Inspection fees, lawyer fees and insurances will likely be paid as a part of closing.
Closing Date: The date that the home buyer will officially possess the title to the property.
Conventional Mortgage: This type of mortgage requires a down payment of at least 20% of the property’s appraised value.
Credit Report: A document that details an individual’s financial/credit history.
Down Payment: The home buyer’s initial investment into the property. The down payment is deduced by subtracting the mortgage loan amount from the total appraised value of the property.
Equity: The amount of the home that the buyer “actually” owns. The more the mortgage loan becomes paid off, the more equity the home buyer has with their property.
Equity Loan: A loan taken out against the accumulated equity of the property.
Fixed-Rate Mortgage: A mortgage wherein interest rates will not increase or decrease over the duration of the loan.
Foreclosure: When the mortgage lender sells the property, after the buyer has defaulted on their loan.
HELOC: Home Equity Line of Credit. This allows the homeowner to take out a line of credit against their equity rather than receiving one lump sum.
High-Ratio Mortgage: A mortgage loan of more than 80% of the home’s appraised value. These mortgages must be insured to protect the lender.
Interest Rate: The charge placed onto the loan in exchange for using the lender’s money. This is paid as a part of the mortgage payment.
Lien: A claim that’s been made against the property to ensure the repayment of other debts.
Loan: Money that is borrowed and then repaid in full, plus interest.
Maturity Date: The date by which the mortgage needs to either be paid in full or renewed. This date is the final date wherein the terms of the mortgage are in effect.
Mortgage: This is a loan that is taken out through a licensed lender, like a bank, toward the purchase of a property. A mortgage is to be paid off via monthly payments that go toward the loan’s principal as well as interest imposed by the lender.
Mortgage Insurance: A mortgage must be insured if it is more than 80% of the property’s appraised value. This insurance is paid by the borrower to protect the lender from the event of default.
Mortgage Payment: The monthly payment that goes toward the principal and interest on one’s mortgage.
Mortgage Life Insurance: In the event of the homeowner’s death, family members will be financially protected.
Mortgagee: The lender.
Mortgagor: The borrower.
Offer to Purchase: A document detailing what the buyer agrees to as a part of purchasing the property. When the buyer and the seller agree on these conditions, a sale is made.
Open Mortgage: This type of mortgage can be reassessed and renegotiated at any time.
Operating Costs: The expenses that must be paid each month toward the operation of the home. This includes relevant taxes and utilities.
Portable Mortgage: This kind of mortgage allows homeowners to “port” their mortgage to another property if they move before the mortgage has reached maturity.
Pre-Approval: A process in which the prospective home buyer qualifies for a mortgage amount prior to searching for a property.
Principal: The amount of the loan, minus interest.
Property Insurance: This form of insurance financially protects the property owner in the event of damage coming to the property. A property insurance policy should be high enough to rebuild if the buildings on the property are completely destroyed.
Property Tax: Taxes placed on the home, as determined by its value in the municipality in which it resides.
Rate Lock: This is an agreement made between the lender and the borrower to keep the loan available at a set rate for a specified period of time.
Renewal: The renegotiation of terms between the lender and the borrower when the term of the mortgage has expired.
Survey: This document shows boundaries relevant to the property, as well as measurements and the location of any buildings on the property.
Term: The length of time wherein the terms of the mortgage are fixed.
Title: Documentation that gives the holder exclusive rights to the property.
Title Insurance: Insurance that protects against damage/loss as it effects the title.
Variable-Rate Mortgage: In this type of mortgage, the interest rates fluctuate with changing rates. If overall rates increase, so does the interest rate on the mortgage. This is also true if the overall rates decrease, leading to a lower interest rate on the mortgage.