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Archive for June, 2012

More Walking, Less Writing

I am wondering if blogging has been hurting my scale.  Since I started a year ago, I have put on about 10 pounds compared to where I was a year ago.  I have been aggressively trying to get my blogs off the ground, write posts, and build traffic.  But to do this with a full-time job and six kids makes finding time difficult.

My solution has been to get up in the morning and work for about an hour, sacrificing some sleep.  But I am wondering if that lack of sleep has me eating a little more to stay awake at night or if the overall level of stress is heightened which raises cortisol levels and adds to my weight.

So this week I have been getting up in the mornings but instead of writing, I have been walking.  I also went to sleep a bit earlier on several nights and have gotten a decent amount of sleep while still working.  I can honestly say that I feel pretty good.  Unfortunately, writing has taken a hit.  My wife wasn’t feeling well this morning, so I let her skip it and wrote this instead.

I still can’t quite get myself to write in the evenings.  After 12 hours being at work, I am a mental midget and not very productive.  I will have to figure out a good system that allows me to write and walk and sleep.  I am thinking of coming out with a petition to create 30 hour days.  An extra six hours each day should help me get more things done.

I will be thinking this weekend about what I can do to better schedule my time to include writing, walking, sleep, and more fun/less stress into my life.  I will let you know if I come up with anything brilliant.

In the meantime, here are some carnivals in which my blogs participated:

Festival of Frugality #340 – PT
Carnival of Financial Camaraderie #36 – PT
Carnival of Money Pros – PT, GPM
Yakezie Carnival – Sushi Edition  – CFM
Self-Directed Investing for Retirement Carnival – Father’s Day Edition  – PT
Enjoy your weekend!
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14 comments - What do you think?  Posted by Cash Flow Mantra - June 15, 2012 at 6:13 am

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Catching Up on Carnivals

So I have been incredibly busy with work, kid activities, and 3 blogs.  Plus I am trying to write an ebook on the side which hasn’t gotten as much attention as it should.  This all means that I have gotten behind on some of my carnival announcements so I am taking this 15 minute slot of time that I have this morning and catching up on the carnivals.  Here goes:

Yakezie Carnival – Will Smith Slap Edition – CFM
Carnival of Retirement #20 – CFM, PT
Carnival of Money Pros – GPM
Carnival of Financial Camaraderie #33 – PT
Yakezie Carnival – The Power Ballad Edition – CFM
Financial Carnival for Young Adults #14  – GPM
Carnival of Personal Finance #364 – CFM
Yakezie Carnival – Birthday Edition – CFM
Carnival of Money Pros – GPM
In case you didn’t realize, I have 3 blogs.  CFM stands for Cash Flow Mantra which is the blog you are currently reading.  GPM is Grand Per Month which is another blog that I write with some help from staff writers.  Finally, PT is Penny Thots which is a group effort (I edit and write some) that publishes daily posts about personal finance topics.  There are 15-20 authors so it is possible to get a wide perspective on many topics.  Plus, given that this is the second editor’s pick in just 2 months, the writing is pretty good also.
So there you have it.  I am caught up.  Come back on Tuesday for my regularly schedule post.  And be sure to check out and subscribe to all my blogs.  Thanks for reading.
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2 comments - What do you think?  Posted by Cash Flow Mantra - June 10, 2012 at 9:25 am

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Home Loans: Your Nest at Last

The following is a guest post:

When there are dreams budding inside your mind about having your own nest but you have only recently started saving, the time is ripe to consider a home loan. Home loans allow you to live your dream before you own it and give you the opportunity to live with ease and comfort in the home of your choice. If you take home loans you will have to carefully consider your economic position and if you earn enough to pay those easy monthly installments with ease you can forget the woes and chill, for home loans usually allow you to pay the price of your house through a long period of about 15 to 20 years.

Who Can Get It?

There are several things that you have to take care of after the idea of taking home loans hits you. Compiling all the necessary documents is the first point to keep in mind and as the USA is a security conscious state your nationality matters. If the home loans borrower is a green card holder W-2 and pay stubs are needed. If he is self-employed, tax returns, checking/savings bank statements, copies of any stock brokerage or IRA/401K accounts are necessary. Though FICO or credit score as they are referred to in the American market matters and can pose as a stumbling block for non-residents; for Britons there is a ray of hope as UK credit ratings are accepted by certain lenders. For a visa holder, along with W2 and pay stub, copies of visa and passport are necessary. For foreign nationals taking home loans to buy homes in the USA provisions exist which need to be complied with. The next important thing that needs to be taken care of is the deposit. The higher the deposit, the lower the interest.  Therefore saving to be able to put aside a handsome sum as deposit is absolutely necessary. The thing that matters next is choosing the best possible home loans option considering one’s goals. The types of home loans and rates offered by different institutions vary and one must also be careful about the closing cost ones financier may impose on him/her.

The Process and the Processing

Getting pre-qualified for the home loan is the next step. This means that your assets and liabilities are assessed properly by the broker who gives you a clear picture about how much you can qualify for. Once the details of documentation is complete and the deal sealed, the time has come for you to get a GFE and TIL. A GFE is a good faith estimate and a TIL is a truth in lending statement and these are provided to the home loan borrower according to the Federal Real Estate Procedures Act. These itemize the costs incurred in the home loans process. A title search is another important item. It is conducted to ascertain that there are no encumbrances to the ownership of the property. Putting aside a sum into escrow accounts ensures the payment of insurance and tax amounts for the first few months. After this the loan approval process is completed and funds are ultimately disbursed. By 25 to 45 days of the process the loan is ready to be closed and the lender pays througha cashier’s check or wire transfer.  After signing the documents before the notary and paying closing charges, the house finally belongs to the borrower.

Word of Caution

This is the general outline of the home loan process in the US. However this is not the entire story. This is also the same process which precipitated the world economic crisis. Lots of home loan borrowers in the USA are still underwater which mean that their house is worth less than the amount they owe to banks or financial institutions. When real estate prices went down and interest rates went up this situation was born. However really responsible lending or borrowing do not make room for such crisis as in that case a careful restructuring of the home loans accounts by an adjustment of the principal would make the matter more bearable. After all home loans are a great option for the middle class for acquiring their home sweet home and always shall be.

Author bio: Jonny Pean is a financial consultant and writer for EasyFinance.com. He helps people to tackle their financial problems related to loans, personal finance management and home equity issues.

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Be the first to comment - What do you think?  Posted by Cash Flow Mantra - June 8, 2012 at 8:40 am

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