More Wealth without Risk

More Wealth without Risk by Charles Givens

The late millionaire Charles Givens gained fame, fortune and notoriety as the leading American financial advice author in the 1990s. His first book, Wealth without Risk, remained for many weeks on the bestseller list. His follow-up book, Financial Self-Defense, also became a bestseller. He later revised and updated his first book and published it as More Wealth without Risk and it, too, became a bestseller.

The smooth writing style of the author in clear, concise "strategy" format has always stood as the hallmark of a Givens book. He had a knack for taking any complex, abstract subject and breaking it down into simple concretes that the average reader could immediately grasp and apply productively.

This list compiles and summarizes the money strategies described by Charles J. Givens in his books More Wealth Without Risk and Financial Self-Defense. The latest version of the complete Financial Library is sold with accompanying training videos and a host of other benefits by International Administrative Services Financial (IAS Financial), formerly known as The Charles J. Givens Organization. Although some of these strategies are now somewhat dated due to recent changes in American law and economic conditions, most still hold true. Contact IAS for the latest list.

GETTING ORGANIZED AND GETTING STARTED

Developing Your Financial Blueprint

Create your dreams list
Spend most of your time on your most important values
Identify your current values
Identify and eliminate destructive values
Focus on the result
Put your financial goals in writing

Creating Your Records Management System (RMS)

Create a Records Management System (RMS)
Choose a permanent Records Management area
Set up your filing system
Choose the record keeping categories
Purchase a plastic check box for checks
Store important documents safely
Build a tax reference library

How to Keep Records for Tax Deductions

Keep all tax records at least seven years
Keep receipts for all deductible expenses over $25
Keep expense records in a pocket-size expense log
Keep receipts in addition to cancelled checks
Use a credit or debit card for effective record keeping
Keep a time use record of assets for 90 days

Your Wealth Check-Up

Create an Assets List for insurance purposes
Prepare a family Financial Statement

CUTTING YOUR INSURANCE PREMIUMS UP TO 50%

Life Insurance

Accept insurance as financial alternative, not windfall
If single, no dependents, don't buy life insurance
Do not buy life insurance on children
If your spouse provides family income, insure him/her
Substitute the income of a spouse for life insurance
Insure a working/non-working spouse if you have kids
Buy enough insurance to replace family income when invested at 12%
Determine income before determining life insurance
Replace life insurance with income as you grow older
Buy enough insurance to maintain your lifestyle
Don't buy whole life because it pays dividends
Pick companies rated A or above with the low premiums
Don't buy double indemnity for accidental death
Never buy the disability premium waiver
Don't buy a policy just because of the company name
Never buy whole life insurance as an investment
Don't fall for the big lies about whole life insurance
Don't buy to avoid threat of being uninsurable in future
Don't convert company life insurance to personal insurance when you leave
Buy only term insurance
Choose annual renewable term or level premium term
Buy ART if you have a short-term need for insurance
Buy ART if you smoke or are overweight but intend to stop
Call the Insurance Clearinghouse to get the best value
Replace existing whole & universal life with term insurance
To cancel a life insurance policy, stop paying premiums
Remove cash value during 30-day grace period
Use life insurance-to-annuity tax-exempt transfer rules
Borrow and reinvest your life insurance cash value
Don't give life insurance proceeds to heirs in lump sum
Set up a trust to distribute income from invested proceeds
To avoid probate make proceeds payable to a beneficiary

Liability Insurance

Carry bodily injury to cover twice your net worth
Carry $50,000 to $100,000 property damage liability coverage
Buy $1 million of umbrella liability coverage for under $150/year

Automobile Insurance

If value of your car is below $2000, drop collision & comprehensive
Drop duplicate coverage
Drop uninsured motorist coverage if legal in your state
Buy 24-hour coverage and drop part-time coverage
Drop duplicate medical insurance coverage
Drop uninsured motorist coverage by substituting better coverages
Raise deductibles on auto & homeowner's to $500 or more
Never file an insurance claim for under $500
Never pay more premiums than you can collect in damages
Substitute a free credit card for low insurance deduct
Check insurance rates on your car before you buy it
Shop around to save on auto insurance premiums
Cut cost of insuring driving-age kids by adding them to your policy
If you own a company w/ vehicles, carry $500K to $1M bodily liability
If you drink and drive, buy all liability insurance company will sell you
If you use family car for part-time business, choose individual liability limits
Don't take extra coverage such as towing or car rental
Determine amount accidents or tickets will raise premiums
Ask for the 10 basic automobile insurance discounts

Rental Car Insurance

When renting a car, decline all extra insurance coverage
Charge rental car on card that covers deductible
Check coverage in policy for "occasional driver" clause
Never let someone not on rental contract drive rental car
Don't fall victim to "you must pay now" wrecked rental car demand
When you rent abroad, take Collision Damage Waiver (CDW) insurance

Homeowners Insurance

Buy separate policy for motorcycles, mopeds & snowmobiles
Take only the coverage you need on your homeowner's policy
Check with mortgage company for any minimum required coverage
Decline additional coverage on your homeowner's policy
Purchase a "floater" to cover expensive personal items
Buy flood or earthquake insurance only in designated zones
Video tape your valuables for insurance records
Buy replacement value not market value coverage for home
Fire insure at least 80% of replacement cost of home
Buy special tenant policy, HO-4, if you rent
Protect rental properties with an Owners, Landlords, and Tenants (OLT) policy
Say no to loan insurance--Credit Life & Disability
Replace expensive mortgage life insurance with term

Health Insurance

Raise the deductible on your medical insurance
Raise deductible to $1000 to cut premiums 35%-45%
Select higher steploss, like 80/20 to $5000, to further cut premiums
Buy from company rated A or above that is a leader in health insurance
Don't pay for maternity benefits with health insurance
Never buy health policy options: dental, supplemental accident, prescription cards
Call the Charles J. Givens Organization for low group rates

Nursing Home Insurance

Don't buy nursing home insurance until after age 65
Buy a policy that covers expenses at home after nursing home stay
Buy a policy with no more than $80/day coverage
Buy a policy with inflation protection
Choose a plan with at least a 30-day elimination period
Buy a long-term care policy with 3-year instead of 5-year coverage

Disability Insurance

Buy disability only if in poor health or accident prone
Buy a disability policy that replaces 50%-60% of your income
Choose a large elimination period to cut premiums 40%
Substitute free disability protection in retirement plan for high disability insurance premiums
Buy a renewable term disability policy to cut premiums in half
Substitute the income of your spouse for a disability income insurance policy
Don't buy specialty health and life insurance policies

Get Rid of Hidden Rip-Off Insurance

Never buy or finance extended warranties
Never buy the service contract on a car
Hire a moonlighting mechanic
Cancel your extended warranties and get a refund
Never buy credit life/disability on a loan
Remove all credit life/disability on existing loans
Replace mortgage life insurance with term insurance
Use income from invested life insurance proceeds to make mortgage payments
Cancel Chargegard insurance on credit cards
Don't buy life or medical insurance from slick TV or mail ads
Don't waste money on Medigap, other insurance that covers deductibles

Winning the Automobile and Homeowner's Insurance Claim

Contact state insurance department to help settle disputed claims, low offers
Use emergency procedure checklist when you have severely damaged home
Challenge insurance company when the settlement offer is too low

BUYING AND BORROWING STRATEGIES

Basic Borrowing Super Strategies

When borrowing money, never take 'no' for an answer
Contact a mortgage broker if you are turned down
Avoid mortgage prepayment penalties of over 5 years
Think before changing an adjustable to a fixed rate
Don't pay off a low interest mortgage early
Never buy or finance extended warranties
Learn when to pay cash and when to borrow
Beware of add-on Interest Rate Quotes
Never sign a "Rule of 78" loan agreement
Always use short terms for consumer borrowing
Place checking account with a bank that won't hold your checks
Open a bank account with automatic overdraft privileges
Get to know a loan officer at your bank and find his floor limit
Invest in money market funds, never money market accounts
Keep minimum required balance in checking account and rest in MMM funds
Expect loan rejection, but never be denied
Never fall into the bank-provided auto insurance trap

Credit Profile and Credit Business Strategies

Develop a positive credit profile with the "big 8"
Pay off all perishable purchases on your credit card
Determine if a low interest card is worth the fee
Use the float if you pay your cards off each month
Use a secured card to rebuild your credit rating
Exercise your credit file "Bill of Rights"
Pull your credit file now and once per year
Use TRW Credentials Service for maximum credit control
Correct all personal data errors in your credit file
Have bureau re-verify and correct any incorrect data
Have all missing positive credit data added to your file
Add the rest of the story to your credit file
Have credit bureau remove derogatory information
Use small claims court & consumer reporters for disputes
If you are refused credit, get the reason in writing
Exercise your right to same good credit as your spouse
Get credit as small business, list yourself as employee
Use a co-signer to help re-establish your credit
To rehabilitate credit, use bank loan as security for loan
File Chapter 13 instead of personal bankruptcy
When in financial hole, protect your attitude more than your credit
When bills loom larger than cash, use offensive, not defensive strategies
Don't let credit doctors operate on your wallet
Contact Consumer Credit Counselors when you see no way out of debt
After series of on-time payments, request re-rating to R-1 or I-1
Have credit bureau remove all unauthorized or outdated inquiries
Avoid high-interest or payment-lengthening debt consolidation loans
Use Givens cash-saving strategies to reduce debt
Apply extra principal payments first to high-interest accounts
Repay student loans early only if interest rate is over 9%
Use cosigner to help re-establish your credit
Use extra principal payments to cut personal loan costs 30%-50%

Credit Card Strategies

Eliminate high interest credit card debt
Use debt shifting to pay off credit cards in half time
Replace all high interest cards with low interest ones
Decline or cancel all credit card insurance
Deduct credit card charge in your bank balance for control
Overcome poor credit with a secured credit card

How to Choose a Mortgage

Live free by buying, not renting
Shop around to find your best deal on a mortgage
Mortgage payments should not exceed 30% of income
Try for an FHA or VA mortgage before a conventional one
Convert points to interest equivalent for comparison
Bid on VA repossessions for a bargain-priced house to fix up
If fixed rate mortgage is over 9-3/4% take the ARM
Convert ARM to FRM only if new FRM is 10% or less
Use GPM for more home with smaller monthly payments
Use an affordable GEM & pay off home in half time
Get a bigger mortgage & create a better investment
Cut total payment by 45% with a 15-year mortgage
Cut mortgage term in half with extra principal payments
Get a 30-year mortgage & make extra principal payments
Get more when selling home with FHA or VA mortgage
If interest is less than 9%, don't make extra payments
Don't let prepayment penalty scare you off
Don't make extra principal payments on rental property
Invest the amount of your extra principal payment
Obtain amortization schedule for all your loans
Never use a mortgage grace period
Refinance if new rate is 2% less than old rate
Stay away from biweekly mortgages as a mortgage reduction strategy
Obtain escrow statement and check principal balance yearly
Use equity shifting to carry forward mortgage reduction benefits
Convert extra equity into high-interest income when you sell your home
Don't make large, lump-sum extra principal payments
Borrow your home equity free by investing it
If you are single, live free by creating a luxury rooming house
Make your mortgage decision yourself
Turn home equity into cash with a home equity loan

Send Your Kids to College Free

Buy a home that will pay off a college loan
Use "PLUS loan" for first $3,000/year of college costs
Turn your property into mini student dorm
Rent property by bedroom on yearly, co-signed lease
Make your son or daughter property manager
Use rental real-estate deduction to generate extra cash
Use profits from investment to pay off student loan
Begin your college aid search with need-based aid
Order Federal Government Funding Source, Formula books and information

POWERFUL INVESTING The 10 Best Investments and General Investment Strategies

Use the 10 best investments to average 20% per year
Pay no or low commissions
Use tax shelters and tax strategies to protect your investment income

The 10+ Biggest Investment Mistakes

Keep your money out of vacant land
Don't throw money away in time-sharing
Never use life insurance as an investment
Stay away from individual stocks and bonds
Never invest in bonds when interest rates are rising
Don't invest in inflation hedges like precious metals
Don't fall for investment phone pitches
Never take the advice of a commissioned salesperson
Don't over-leverage in volatile investments
Don't buy overly speculative investments
Avoid options as leveraged or hedged investments
Learn to recognize bad investment advice

The 10% Solution

Use the 10% solution to go from paycheck to prosperity
Store 20% of one year's income as attitude money
Rule of 76, not 72, calculates the doubling power of money
Guarantee yourself $1M with the 10% solution
Let the government fund a third of your million-dollar fortune
As small business owner, rely on 10% solution as only reward

Asset Management Accounts

Double your interest with an Asset Management Account
Choose an AMA that gives you maximum legal float
Pay all your bills through an Asset Management Account
Choose an Asset Management Account with a debit card
Choose an AMA with a low yearly fee
Use an AMA for your small business checking account

The Money Movement Strategy for Mutual Fund Investing

Use Money Movement Strategy (MMS) to eliminate emotion from high-return investing
Never store money
Invest in stocks, bonds and money markets through mutual funds
Use only no-load mutual funds
Choose the right type of fund for each economy
Invest in only one type of fund at a time
Avoid investment strategies that require the prediction of the impact of impending events
Use the MMS to pick the upside of the market while avoiding the downside
Allow time to increase, even double, annual returns
Use the prime rate to identify the best mutual fund investment
Invest in stock funds when prime is below Investor's Decision Line (IDL)
Move money to MM fund when prime moves above IDL
Move money to bond fund when prime is high and coming down

Mutual Fund Investing

Use the Money Movement Strategy in no-load mutual fund families
Invest in funds with assets between $25 million & $3 billion
Invest in good funds with telephone switching
Use the fund family fact sheets
Open no-load funds using 6 simple steps
Use a mutual fund margin account to increase your investment capital
Use a mutual fund margin account to free up capital for other investments
Consider investing in emerging company growth funds only when the economy favors new business start-up and growth

Retirement Planning

Contribute the deductible maximum to an IRA
Use double deduction benefits in retirement plans
Contribute to your retirement plan now
Use 401(k) to qualify for additional IRA contributions
Choose an IRA with a low trustee's fee, $35 or less
Borrow for your IRA--even if you have the money
Use your retirement plan as instant source of capital
Use the loan provision of 401(k) or 403(b) to borrow money for IRA
Contribute deductible maximum to your retirement plan
Open a self-directed IRA
Set up self-directed Keogh plan for maximum benefits
With no employees, choose money purchase plan; otherwise, profit-share
Choose more complex plan only if you are over age 50
Set up trust for more investment muscle
Hire spouse to increase family maximum deductible Keogh contribution
Never invest your IRA in a tax shelter
Use the switching rule in your retirement plan
Withdraw from your retirement account before 59-1/2
Get next raise tax-free by funneling into retirement
Use lump sum averaging when withdrawing for retirement
Learn common features to unscramble retirement plan mysteries
Get retirement plan money penalty-free by borrowing
Make tax-free down payment on home with retirement money
Use IRA rollover rules to minimize taxes
Open your rollover IRA in a no-load mutual fund family
Locate independent trustee for more flexibility
Invest in land lease limited partnerships
Invest in vacant land or lots
Invest in real estate options on land
Invest in real estate options on residential rental properties
Avoid employer-to-employer retirement account transfer
Never annuitize your company retirement plan
Create tax deductions for retirement withdrawals
Recalculate life expectancy to minimize withdrawals
Enjoy your retirement money
Use special rollover provision for retirement plan to escape taxes
Use amortization withdrawal method for maximum payout

Tax-Sheltered Mutual Funds

Use a self-directed (S-D) annuity
Never annuitize your annuity account
Use tax-free exchange to move your annuity
Make your annuity withdrawals tax-free with "equivalent" tax deductions
Invest in an annuity for five years or longer
Use self-directed annuities as estate planning tools
Use self-directed annuities to beat the kiddy tax
Transfer cash value life insurance to a S-D annuity
Ask questions before investing in a S-D annuity

Discounted Mortgages

Invest in discounted mortgages for a guaranteed 30% return
Begin by offering no more than 60% of face value
Use the courthouse as a discounted mortgage source
Run newspaper ads in search of mortgages
Make friends with real estate people
Expect the best, arm yourself for the worst, talk to attorney first
Buy discounted mortgages with no more than 80% LTV
Check credit history of mortgagor

Tax Lien Certificates

Invest in tax lien certificates for safety and maximum interest
Buy real estate at a huge discount at a tax lien auction
Examine property before you bid at a tax lien auction
Bid no more than 70% of market value at a liened-property auction
Aggressively enforce rights: foreclose on delinquent payers filing bankruptcy

TAX PREPARATION AND TAX PLANNING Your Tax Attitude and Approach

Use legal tax strategies, not loopholes or tax cheating
Determine your tax bracket to track your tax savings
Cut your adjusted gross income to increase deductions

Tax Return Filing Strategies

Complete the 1040 long form, you can only pay less tax
Choose an aggressive tax preparer or none at all
Don't over or under withhold from your paycheck
Prepare your own return at least once
Time your refund to earn extra interest
Don't apply this year's refund to next years taxes
Avoid tax penalties, don't worry about interest
When in doubt, deduct it
Sign your return if your income is less than $50,000
File your return later, not earlier
File an automatic extension Form 4868

Audit Winning Strategies

Don't react to an audit as more than it really is
Delay an audit as long as possible
Get the reasons for audit in writing
Take your tax preparer to the audit
Let the auditor see your documents only once
Never part company with your original documents
Don't let the auditor copy your tax file
Learn how to behave in an audit
Go beyond the auditor if you are unhappy
Apply the statute of limitations to an audit
Agree only to a limited extension of an audit
Put a stop to the hassle audit should you suffer one

Family Real Estate Strategies

Sell your home to your children
Buy a home with your kids or grandkids
Buy a home and rent to kids with "option to buy"
Use 80% fair market value rent rule to qualify for tax deductions
Rent to parents to subsidize their income, qualify for tax deductions
If necessary, subsidize parents with annual lump-sum gift
Use child care credit as on of your most powerful tax reducers

Estate Planning Strategies

Keep your will up-to-date
Give gifts to your kids to reduce estate taxes
Create an irrevocable trust to protect your estate
Use a dual trust to protect more of your estate
Give charitable gifts to lower estate taxes
Use exemption rules, move assets to family members w/ no gift taxes
Use joint membership only as a temporary estate protection strategy
Invest for children or aging family members using a custodial acct
Appoint spouse as custodian of children's accounts funded by you
Set up age 21 trust for each child to cut taxes and avoid probate
Use trusts even with small estates to save huge probate, administrative costs
Set up Revocable Living Trust (RLT) to provide trust protection while you are still alive
Use RLT to shelter $1.2 million from estate taxes, not $600,000
Transfer, retitle your assets to your trust now, w/ every acquisition
Save estate taxes with an irrevocable life insurance trust
Use special rollover provision to let retirement money escape estate tax
Insulate against the cost of lawsuits and judgments
Protect estate from liability by increasing contributions to your retirement accounts
Be certain to have an updated will in addition to your trusts
Use tax-deferred annuities to avoid probate

Investment Deduction Strategies

Deduct your investment plan's expenses
Deduct your VCR or home computer

Overcoming the Miscellaneous Deductions Limit

Take Schedule A deductions by combining deductions

Traveling the World on Deductible Dollars

Use job interviews to make vacations deductible
Start a small importing company
Become an "outside agent" for a travel agency

Making Consumer Interest Deductible

Use an equity loan/mortgage to deduct interest
Qualify your boat or RV for deductible interest
Use your vacation home as a second, not a rental, home
Borrow the money for your IRA and deduct the interest
Pay off high interest debt with low interest debt
Pay cash for consumer goods, borrow to invest
Sell appreciated investments to deduct expense
Convert consumer interest to business interest

On the Job Tax Deductions

Make your job a tax shelter via employee deductions
Deduct your employee business mileage
Deduct your job-related education
Deduct a home office when used for your employer
Deduct meals and entertainment for prospects, clients, suppliers
Deduct club dues, subscriptions, union dues
Pay your spouse or kids to help with your job
Deduct your job-related tools and equipment
Deduct your special clothes
Use Form 2106 for your employee business expenses
Combine employee and miscellaneous deductions
Check Social Security record every five years to correct errors
If you work as independent contractor, treat yourself as a small business
Set up "accountable" reimbursement plan w/ employer, beat 2% floor
Deduct your job-search expenses and end up with a better job
Plan your job moves around deductible relocation expenses
Deduct job-related travel expenses even when travel has partial personal purpose
Deduct expenses of business-vacation trip

Instantly Increase Your Take Home Pay

Add withholding allowances to increase take home pay
Get next year's refund this year
Add one allowance for every $660 in refunds you got last year
Add make-up allowances if begin refund process after beginning of year
Work toward zero tax bracket, legally eliminate income tax withholding
Use W-4 form, increase take-home pay when you have small business losses
Avoid penalty, interest: adjust withholding account to minimum 90% level each December
Never use extra allowances as permanent cash flow, to protest taxes
Use W-4, payroll withholding to avoid filing quarterly estimated tax returns
Add 1 allowance per each $2,000 of deductions
Use extra w-hold feature of W-4 once you've eliminated allowances
Use "last year's tax" rule to avoid penalties this year
Turn a $1200-a-year tax refund into over $250,000 in a tax shelter
Use refund as investment in retirement plan, get up to 35% cash rebate

Turn Your Home into a Super Tax Shelter

Turn home improvements into tax deductions
Deduct last minute presale home fix-up expenses
Use tax deferral when you sell your home
Don't reinvest profits into your new home
Create a deductible office at home
After 55, save $40,000 when you sell your home

Making Your Recreational Assets Deductible

Deduct your boat, plane or RV in small business
Use third party leasing to deduct recreational assets
Deduct boat or RV interest as a second home

Create a Rental Property Tax Haven

Treat your rental properties as investments, not as small business
Use rental real estate passive loss exceptions, create $25,000 of deductions
Combine depreciation deductions w/ passive loss to create wealth via tax savings
Allocate 20% land, 80% home before computing depreciation
Don't incorporate your personal real estate investment plan
Carry same liability on each rental property as on auto, home, umbrella

Beat the Capital Gains Tax

Calculate the gain or loss on an asset to determine tax effect
Cut your losses short and run your wins long
Take gains early, not late in year
Use end of year losses to claim tax-free gains
Reinvest year-end loss capital into similar, not same investment
Time purchases to avoid paying taxes on someone else's gains
Account for fund distributions to avoid double-taxation
Time sale of investments, create $3000 of end-of-year (EOY) deductible net capital loss
Deduct a stock as worthless first year company is in real trouble
Use installment sales rules to delay capital gains tax
Elect not to use installment sales rules in a low-taxed year
Don't use installment sales rules w/ sales to relatives
Use interest income from installment sale to offset capital gains tax

Avoiding the AMT--The Alternative Minimum Tax

Calculate potential AMT before EOY to defer triggering AMT
If you're subject to AMT, get rid of some deduction-generating investments
To avoid AMT, sell stock the year you exercise options
Exercise 10-year write-off election option on intangible drilling costs

SMALL BUSINESS STRATEGIES

Take the Business Potential Quiz, measure your entrepreneur skills
Turn any small business into a tremendous tax shelter
Begin a small business as a "sole proprietorship"
Use "paper" losses to tax shelter job and investment income
Operate your activity as a business not a hobby
Use the business start-up checklist to get started
Become a tax-deductible freelance author, photographer, or artist
Profit 3 out of 5 years to qualify for tax deductions
Learn the truth about small business deductions
Choose a small business idea that is exciting and fun
Buy equipment at bankruptcy sales, auctions
Begin marketing immediately to deduct start-up costs
Hire your spouse and create a deductible IRA
Qualify your spouse for Social Security benefits
Hire your kids and make allowances & gifts deductible
When you hire your kids, keep $2150 exemption yourself
Pay kid up to $2150 without taxes or returns
Beat the kiddy tax with a children's IRA
Exempt your dependent child with a salary up to $3,000
Use a small business to make your car deductible
Circumvent Schedule A medical expense limit through small business
Use the biggest tax saving automobile deduction type
Estimate auto expenses using the mileage rate method
Buy an automobile instead of leasing
Use your personal assets to make them tax deductible
Calculate deductions by percentage of business use
Use asset-expensing rules for immediate deductions
Take depreciation deductions for assets you own
Get more deductions with straight-line depreciation
Use IRS form 4562 for asset-expensing and depreciation
Increase business use of assets to over 50%
Choose auto deduction method of greatest deduction
Use business personal assets for sales tax deductions
Keep a 90-day tab of business/personal asset use
Take deductions for repairs to business assets
Create a deductible office in your home
Make club memberships deductible through business use
Get deductions for reading, audio and video materials
Take deductions for business travel expenses
Make interest deductible as a business expense
Consider an "S" corporation election
Cut self-employment tax by increasing business deductions
Create a retirement shelter with a small business
Use a self-directed small business retirement plan
Avoid matching contributions for employees with an SEP

BASIC REAL ESTATE INVESTING

Live free by buying instead of renting
Get a bigger mortgage to create a better investment
Locate favorable real estate properties
Use an Multiple Listing Service (MLS) computer to sort properties
Use the 10-10-10 formula to buy property right
Use the building block approach to financing
Avoid new or assumable conventional mortgages
Finance with FHA or VA mortgages for primary residences
Buy investment property with an existing FHA mortgage
Learn the qualification rules before buying
Use a single payment mortgage to cut monthly payments
Use the Triple Punch Strategy for your first home

HOW TO WIN THE AUTOMOBILE GAME

Don't be seduced by "low, low" interest rates or rebates
Never pay over-inflated delivery and dealer preparation charges
Never fall for the dealer's sucker sticker
Don't fall for the undercoating trick
Fabric coat your seat covers yourself and forget the paint sealer
Never give your keys to a car salesperson
Never use the dealer's Blue Book
Beat the finance department before it beats you
Never finance your car at the dealership
Always buy a car after it is 2-3 years old
Buy from an individual instead of a dealer
Bargain hunt the classifieds for your ideal car
Use the NADA guide to value your car
Offer the NADA trade-in price minus repair costs
Never make a down payment
Get a car loan for no more than 36 months
Make money by selling your old car yourself

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Added by Luke Setzer
on 10/06/2005, 7:28am

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