Quickest way to recession proof your life!

We all would love to have the same level of comfort we were used to when the economy was booming. Now that things are less certain, the spectre of job losses impacting our own income is looming large. How can we protect ourselves before the worst happens?  What if there is an option available, one that does not require hours and hours of your time?      

We have looked around and found inspiration in the mindset many students have.  Not the ones who are stressed out trying to make their grades, the other ones: the ones who are making their grades and paying their way, the ones who don’t get stressed if the job at the store ends.  If that happens, they simply find another job to take its place or they don’t stress at all because that was their “fun” money, and they still have other sources of income which provide the necessities.  

Now, by no means am I suggesting you give up your current job and take on several others … to anyone with a mature family, taking on additional time-consuming workload is simply not an option.  But what if there was another way, a simple way, that could add to your current income?  What about simple ways you can develop multiple streams of income just by doing the things you are already doing anyway - with no extra time required, no special meetings, no products to buy or learn about?  

Actually the answer is much simpler than you may imagine. It’s not lottery tickets, bingo or blackjack!  It’s not Multi-Level Marketing either! 

 Hey, I’m not going to take up your time on this mail - this is just a short invitation - you can attend a webinar on Monday December 29th at 9pm Atlantic Standard Time.  It is about ways you can begin to monetize the value you are already giving to other people, doing the things you already do.  It also gives back rewards directly to you, in addition to earning you income.  

Join the webinar, there is nothing to buy, nothing to do, just options that are open to you, options that you can consider giving you additional comfort.  On the webinar you will receive information about how you can add more income to your life without adding many hours to your already busy schedule, while getting other rewards as well  - A win-win for everyone. Join our webinar - conference call & web seminar - and learn how you can recession proof your life.  

Places on the call are limited (sorry, the technology stops us opening the call to everyone) - so click here now for more information and get your official invitation reserving your place. 

Cheers,

Pat

 

p.s- You can find me on Twitter,Linkedin, Facebookand friendfeed.
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Posted by Pat | Filed Under Blog, business | December 22, 2008 | Leave a Comment 

Bank’s overnight rate drops to generational low!

The Bank of Canada just lowered it’s key lending rate by three quarters of a percentage point or .75 basis points. Assuming the banks follow the BoC lead ( they have not always the past few months) that will make the prime lending rate now 3.25%. This latest act of desperation by the BoC is to prevent us from dropping into a deeper and more prolonged recession, because of a world wide economic crisis and a troubled U.S economy.

This is all in an attempt to increase the flow of funds and to increase consumer confidence. In layman’s terms it is supposed to give you (and businesses) incentive to go out and spend some of your hard earned cash. This will not result in an immediate reversal of fortune, that will take some time. The immediate result they are looking for is to generate some heat on the frozen credit market. In other words, they want to make it easier for businesses and consumers to access money to borrow.

What does this mean to the average Joe or Jane? Well if you have a variable rate mortgage (one that is tied to prime rate) or a line of credit, then your payments will go down. That is if your bank follows the BoC’s lead, and there is now evidence that they are not. Other than that, there is not really enough incentive to run to the mall with a wad of cash. People are still losing their jobs at a record pace, because their companies are suffering and trying to remain solvent. 

So what can you do? Try to improve your personal financial situation by eliminating your debts as quickly as possible. Call my office today for a no obligation debt analysis so you can see where you are at and to get an opportunity to get a plan to eliminate all your debts in a very short period of time.

Cheers,

Pat

 

p.s- You can find me on Twitter,Linkedin, Facebookand friendfeed.
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Posted by Pat | Filed Under Blog, business | December 9, 2008 | Leave a Comment 

Setting the record straight!

This post is in response to an article in the business section of today’s Chronicle Herald newspaper. While I admire and respect the broker quoted in the story, I believe that some of the message can easily be taken out of context and I just want to set the record straight. 

I have been a mortgage broker for just over 6 years now. During this time a lot has happened and a lot has changed in the Canadian mortgage market. Canada started off with only one true sub prime mortgage lender, several had entered the market and now we are back to only one again. With the advent of rampant sub prime lending here in Canada; we were introduced to 100% financing, stated income products, interest only mortgages and products for clients with less than perfect credit. While 95% of Canadian mortgage holders are unaffected, the 5% who have a mortgage from a sub prime lender should have a game plan (to prepare them) for renewal time. 

The main reason that I place clients with sub prime or alternative lenders is to get them financing until such a time that they could qualify for a main stream insured lender. I look at the sub prime lender as a bridge lender, who will give the clients time to improve their credit and or pay off debt before qualifying for better rates and terms. It would be a disservice if I expected any client to renew their mortgage with their sub prime lender. 

Would I tell all my clients who hold mortgages with sub prime lenders to sell their properties? No I would not. We would have to look at the reasons why they are with these lenders, how much time before renewal and help them develop the proper exit strategy. I do plenty of private loans and this is not any different. Just as with any private loan, you should also know your exit strategy. 

If you are someone who has a mortgage with a sub prime lender (such as Xceed, and others), don’t panic! There are still things that can be done prior to your renewal time. Please call my office so we can look at your options. 

Cheers,

Pat

 

p.s- You can find me on Twitter,Linkedin, Facebookand friendfeed.
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Posted by Pat | Filed Under Blog, business | December 6, 2008 | Leave a Comment 

Give yourself the best Christmas present ever!

it’s not an ipod, iphone, or even a new coalition government for those who want it. Curious? Be patient! Drum roll please……. here it is, a plan to get you out of debt and quickly. You may be thinking, well that is not very exciting. However when you think about it, actually it is! Picture this, no mortgage, no line of credit, no credit card debt what so ever, you are totally debt free.

Now instead of living paycheck to paycheck you are now able to build true wealth. You have the resources at your disposal to allow you to travel, to invest in your children’s education or the ability to make your retirement truly golden. 

There is no time better than now to start. It could be the difference between truly living or just going through the motions. Even though we have not met yet, I believe that you deserve better. So take this opportunity and contact my office right away, so we can put you on the fast track to a brighter future.

 Just so we don’t leave anyone out, this gift can also apply for those who celebrate Kwanzaa or Hanukkah.  

Cheers,

Pat

 

p.s- You can find me on Twitter,Linkedin, Facebookand friendfeed.

Posted by Pat | Filed Under Blog, business | December 5, 2008 | Leave a Comment 

Get away from the everyday!

Many of you may be unaware that my company also offers travel service. We are affiliated with a major discount travel provider called Inteletravel. Essentially I am also a travel agent, offering to others the ability to obtain discounts on travel and accommodations or you can also join their service and get travel agent prices for yourself. It worked out great for us when we went to Bahamas in May of this year.

Well this great service just got a whole better for the month of December. I consider it an early Christmas gift. They are offering a thousand dollars ( yes $1,000) worth of travel & air fare discounts to any new agent who joins before December 31st of this year. Think of it as your get away from the every day. Take your loved one for a nice trip away, Golf with the guys or shopping with the girls. After all this recent economic news you deserve a break. 

Just surf over to my site and click on the link that says sign me up. Then pack your bags and get going, I hope to see you on the beach.  Also don’t forget to send me a note and tell me how it went.  

Cheers,

Pat

 

p.s- You can find me on Twitter,Linkedin, Facebookand friendfeed.

P.s- It has now been extended until January 15,2009.

Posted by Pat | Filed Under Blog, business | December 3, 2008 | Leave a Comment