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If you have the [tag]worst credit[/tag] or even the [tag]best credit[/tag], you need to be concerned about how your report is stacking up at all times. One [tag]inaccuracy on your credit report[/tag] can cause a fatal blow on your score! This may very well be the difference between you purchasing your dream home or not getting it at all!

The problems are the same for those who have good credit and bad credit. People with bad credit usually don’t care enough to monitor their credit report because of their lack of interest in improving what’s already horribly damaged. Those with good credit on the other hand are too nonchalant about viewing their reports because they feel that there couldn’t possibly be a mistake. It’s time for everyone to start caring now.

[tag]Credit reporting bureaus[/tag] can make multiple mistakes on your report simply from: typing errors, mixing Sr.’s and Jr.’s, similar names get confused, outdated delinquencies, authorized user mishaps, etc.. If there are charges you can’t remember doing, dispute it! *Be sure to remember how closing the gap between your debt and available credit can make your score much higher!*

Everyone gets a [tag]free credit report annually[/tag] in the United States from the credit bureaus known as [tag]Equifax[/tag], [tag]Experian[/tag], and [tag]Transunion[/tag]. Please take advantage of this! Here’s your free chance to view your credit report and begin disputing ludicrous charges right away! Once viewing your credit report, you should be able to find an area next to the charge that says “report an inaccuracy” or something similar. If there isn’t a button next to the area that let’s you view the description of your charge, try looking around on the site.

I would say that it’s best to dispute your charges online since everything can be seen in an electronic paper trail. Writing letters are good but certifying it won’t show concrete evidence of the letter’s content inside. When your disputes are done online, everything including what you wrote in the letter will be visible if further action needs to be taken.

After you’ve submitted your disputes, wait 30 days. You can only file a dispute on a charge once every 30 consecutive days. Once this time has elapsed you will have your results from your disputes and may be surprised at how easily some of them will disappear! Remember, if the creditor doesn’t respond within the 30 day time frame you report an inaccuracy, they must [tag]delete it from your credit report[/tag] ASAP!

When is the last time you visited your dentist for a root canal or cavity? Most people would agree that these kinds of visits aren’t so pleasurable. Even knowing how ugly these appointments can be, we all seem to manage to get our dental needs taken care of because they’ll help us more than they’ll do harm. Still, with this in mind, we all need as much pain-killer (legally allowed) to numb the [tag]corrective action[/tag] that needs to take place. Why don’t people do this with each other in [tag]business[/tag] before correcting others?

Always start off with the positive side of things before [tag]criticizing[/tag] someone. Studies show that most people will only dwell on your [tag]negative introduction[/tag] to a conversation when initiated with criticism. In their mind, they’re waiting on the opportunity to defend themselves against your statements instead of actively listening to your points. Situations like this will not foster a growing understanding between the [tag]employer[/tag] and the [tag]employee[/tag] or [tag]business partners[/tag].

Try to begin the conversation with a [tag]positive statement[/tag] that you uniquely like about the person who is listening to your criticism. Things that aren’t genuine are highly noticeable and will come off as “phony”. Dentists don’t start off immediately trying to repair your teeth without numbing you first! If they did, you’d probably never go again and would do everything in your power to avoid them. So remember, be nice and use the pain-killer on the receiver of your criticism first before pulling our your “dental drill”. You will soon build healthier [tag]relationships in business[/tag] using this golden rule for [tag]constructive criticism[/tag].

Dealing with more than one person in any situation will create a compromising scenario. The different attitudes, personalities, work ethics, beliefs, and etc. can create a harmonious synergy or the ingredients for the perfect storm.

Problem:

You’ve all heard about how one can put a few dollars in the [tag]stock market[/tag] today and how it’s gonna be worth tons of cash in the future right? Employers as well as the [tag]financial institutions[/tag] that we do [tag]business[/tag] with do NOT have to insure our losses in 401K investments. Well, the truth of the matter is that the stock market is very volatile and can change it’s direction at any given time. This is almost like gambling for your retirement.

With state of the United States in [tag]economy[/tag] in it’s worst condition by the closing of [tag]major businesses[/tag], [tag]rising unemployment[/tag], and a [tag]depreciating currency[/tag], I shouldn’t have to convince you that things aren’t looking well. With all the stress that we go through on a regular basis, life is much easier handing your [tag]money[/tag] over to a [tag]financial adviser[/tag] who’s going to “make sure you [tag]retire wealthy[/tag]“. Can they guarantee this? Why don’t you ask them yourself. You’ll be surprised at the answer you get. At any rate let’s get on with the solution.

Solution:

The first thing you want to do is better your [tag]credit score[/tag] if you haven’t already. This can take a couple years to rehabilitate but the sooner you star, the better off you’ll be. The reason you’ll need to have good credit is because [tag]investing in real estate[/tag] will require it.

What you want to do is find an [tag]investment property[/tag] in an area that appreciates regularly. Do NOT go after fix and flips! Meaning, don’t go out to buy properties and fix them up only to resale them later. Instead, buy and hold. Getting a property and selling for a quick fix will get you slapped across the face with “[tag]capital gains tax[/tag]“. I would suggest that you buy a property and rent it out to tenants and after every two years, pull about 15K in equity to put down 10% on another rental property. Then after two more years, acquire your next property from the profits of the previous acquisition.

If you do the calculations, in 10 years you could wind up with 5 properties. Keep in mind that you have tenants in all 5 of your investments. Every time they pay you, they’re paying down your [tag]mortgage[/tag] on your [tag]loans[/tag]. If you could pull $40,000 of [tag]equity[/tag] every 5 years on each property that would be $200,000. Did I mention that this would be [tag]tax free[/tag]? This kills 401K! So why is this tax free? The good thing about owning property in the United States is that you will NOT suffer tax losses on real estate you have not sold! If you don’t sell the property, you won’t pay taxes! *Please consult with your [tag]tax adviser[/tag] for more detailed information.*

In a nutshell, I don’t know of anyone who receives $200,000 every 5 years that is tax free from a 401K plan. So fix your credit. Get into real estate. Be patient. Trash the 401K.