Wealthy Future Blog by Paul Ferraresi » Radio Show

How to Avoid Foreclosure with Missed Fortune Equity Management Strategies

andy — Wed, 02 Dec 2009 05:27:53 +0000

Most people try to pay off their mortgage early thinking it will save them money. Actually it will end up costing them money. They will get a zero return on their money put into their home and increase the chance of foreclosure. Doug Andrew, author of the Missed Fortune series of books presents a wonderful explanation on this subject.

Just How Safe is Your Fixed Mortgage?

The AARP recently published a story by Carole Fleck entitled “Foreclosure: I Didn’t Think it Could Happen to Me.”

The story reports on the growing foreclosure crisis. It reveals that the crisis is no longer limited to high-risk borrowers; it is now spreading to “middle-income Americans who had fixed-rate loans, among the safest on the market.”

Ms. Fleck reports:

“Widespread job losses and falling household income have changed the nature of the foreclosure explosion. The crisis began nearly two years ago with subprime mortgages offered to borrowers who were poor credit risks, but has now spread to prime fixed-rate loans…one in three mortgages in foreclosure in this year’s second quarter had a fixed rate. During the same period last year, it was one in five.

“In many cases, those homeowners in foreclosure are people who thought it could never happen to them. ‘These are not people living on the edge,’ says Michael Fratantoni, vice president of the MBA’s single-family research division. ‘These are your more conservative homeowners who’ve lost their ability to pay their loans because they’ve lost their jobs.’”

The story continues by sharing just how widespread this problem is and why it will continue through 2010.

Why Missed Fortune Clients Don’t Fear Foreclosure

Everyone who has followed the Missed Fortune strategies for the last 5-10 years hasn’t lost a dime in home equity — even if their home value has gone down. They have liquid cash and are protected from the risk of foreclosure.

This is because they understand how vital it is to secure the following benefits in all financial and investment strategies:

Liquidity
Safety of Principal
Rate of Return

We call this the “LSR” test, and the innovative and secure Missed Fortune strategies help you achieve all three of these with your mortgage.

Consider the following investment and ask yourself how much you would invest in it:

You determine the amount and length of time for monthly investments to continue.
You can pay more, but not less than the minimum monthly payment.
If you attempt to pay less, the financial institution keeps all the previous contributions.
The money deposited is not safe from loss of principal.
Each contribution results in less safety.
Your money is not liquid; you can’t get to it when you really need to.
The investment carries a zero percent rate of return.
Your income tax liability increases with every contribution.
When the plan is fully funded no income is paid out to you.

Can you guess what this investment is? It’s your mortgage. Home equity fails all three of the LSR tests — it’s not liquid, it doesn’t guarantee safety of principal, and homeowners rarely realize a rate of return.

You can download the radio podcast made by Doug Andrew on this subject.

Why I don’t own an IRA or 401(k) and never will

andy — Tue, 04 Aug 2009 19:39:23 +0000

Most people have invested in an IRA or 401k. The problem is they are ticking time bombs. Very few people have done the calculations to see that in the first two years of retirement they will end up paying as much or more in taxes than they saved in taxes during their working careers. They will continue to pay that same amount of tax EVERY two years for the rest of their life. Doug Andrew, presents this concept and others in his recent radio show. It will be very eye opening for you.

Missed Fortune Radio – August 2, 2009

Government or Entrepreneurs

andy — Tue, 28 Jul 2009 16:31:18 +0000

How do we begin to get out of this financial mess. Doug talks about how small business will be the energy boost to get the country going. At the same time we, as individuals, need to take our own positive actions to “boost” ourselves into financial independence. This short article and link to other information will be a great benefit to you and your family.

Missed Fortune Radio – July 19, 2009

Obama and Three Choices for Your Money

andy — Thu, 09 Jul 2009 06:56:12 +0000

Doug Andrew presents a short blog post on the various alternative investments you can make. The strategy allows you to enjoy market gains when it goes up in value while avoiding losses when the market retreats. You can listen to his 30 minute radio show on this topic by hitting the link below. If you have questions on this topic or any others in the Missed Fortune area, please call us at 713-871-5919 and I will be pleased to assist you.

Missed Fortune Radio – July 5, 2009

Is Your 401(k) now a 201(k)?

andy — Wed, 27 May 2009 05:45:54 +0000

In this 25 minute radio show, Doug Andrew explains again how to avoid losing money in your IRA/401K. Also, he discusses how to avoid losing the value in your home.

He does a masterful job in explaining how a little known investment that has been around for many decades can do all of the above and more.

Missed Fortune Radio – May 23, 2009

If you have questions please contact our office at (713) 871-5919 or email us at Darlyn@fgmci.com.

Missed Fortune Radio

andy — Fri, 22 May 2009 05:43:41 +0000

We are pleased to announce that we (Founders Group) are now part of the Missed Fortune Radio network. We are sponsoring the show in Houston, Texas every Sunday afternoon from 5-5:30pm on KPRC 950AM.

You can listen to each archived show below:

Missed Fortune Radio – May 09, 2009

Missed Fortune Radio – May 16, 2009

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Don’t Miss Your Fortune.