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Less Money, More Problems: The Surprising Reason it’s Hard to Save Money

"Did you know that poor farmers are worse at weeding their fields than wealthier farmers, and that poor patients are worse at remembering to take their medications than richer ones? Is this proof that poverty is a matter of merit? Far from it. In fact, psychological research shows that being poor in and of itself has palpable effects on our decision-making. These stress responses not only make it harder to focus on other issues, like weeds or medications, they make it harder to make the kinds of financial decisions that can make us richer. " Click here to view the rest of the article from The Motley Fool.

Now I Get It – 401(k)s and IRAs

“Whether you’ve just graduated or have been in the workforce a while, retirement planning can be a bit overwhelming. But even a little bit goes a long way... But when it comes to retirement plans, there are two terms you’ve probably heard a lot — 401(k) and IRA." This article and video hosted by Katie Couric gives an easy to understand explanation of 401(ks) and IRAs. Click here to view the rest of the article from Yahoo News.

Bluemountain, Inc. | Loan #4195

First Trust Deed collateralized by a fully developed single-family residential lot in Pleasant View, Utah. The lot is approximately 0.2 acres in size and is located near the corner of Pacific Avenue and 190 N Street in Clearfield, UT  (approximately 30 miles to the north of Salt Lake City, UT and 10 miles south of Ogden, UT). The community is designed to primarily serve as starter homes for people who work at nearby Hill Air Force base which is one of the largest employers in the entire state. According to the 2012 Hill Air Force Base Economic Impact Study, the base generates a total of $3.31 billion in total annual economic impact with over 25,000 military and civilians that work within the base. On each lot, the borrower will be constructing three bedroom, two bath, rambler style single-story homes that totals approximately 1,388 square feet. Two of the homes will also include finished basements making the total livable area approximately 2,400 square feet.      Loan Amount: $800,000 Yield:(principal value > $100,000): 11.25% Yield:(principal value < $100,000): 11.00% Term: 8 Months with one optional eight month extension period at maturity. These investment are on a first come, first serve basis.

The Next Generation of Hard-Money Lending

"The evolution of hard-money lending has taken a long and fragmented path with products ranging across the spectrum... Against the backdrop of financial crises, demand for hard-money financing grew as collateral types and loan programs expanded, all while conventional financing retracted and conforming lending options narrowed. This set the stage for responsible lending opportunities and the continued evolution of hard-money lending into mainstream financing." "With that in mind, the term “hard money” no longer fits in today’s marketplace. A better term would be “alternative equity financing.” Let’s take a closer look at this new lending environment." Click here to view the rest of the article from Scotsman Guide.

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