Currently, there is a bill in Congress that could change the financial futures of 500,000 homeowners. For these individuals who are facing foreclosure, the bill could have significant influence. Since the bill has already passed in the House, chances are good that the bill could go into effect, helping the financial situation of half a million homeowners facing a potential foreclosure.
The bill would allow borrowers who were struggling with their monthly mortgage bills to refinance easily. They would be able to see more affordable and more financially stable mortgage choices through the use of federal aid. They would get a mortgage that was federally guaranteed by the government.
This bill has been created to help only homeowners avoid foreclosure. If an individual is an investor or speculator, they are not eligible for help with this home financial situation. Specifically, this bill is set to help the homeowners who are doing their best to cover their mortgage payments, but falling short due to unrealistic settings, not the speculators who are trying to make more money in the real estate market.
There is a catch to the federal bill, however. If the homeowner takes advantage of the effort and aid given by the government, the homeowner will have to split any future home profits on the sale of the home in half with the government. For those homeowners who do not plan to move from the home for quite some time, this is less of an issue than for those homeowners who plan to move from the home in 3 to 5 years. Cutting the profits from the sale of the home in half can have a significant impact on the homeowners profit margins, especially since most individuals see the majority of their equity in the home they own.
There are arguments from taxpayers as well, and for good reason. The bill will cost taxpayers 1.7 billion dollars, according to the Congressional Budget Office. Although the price seems high, it could have been worse when you analyze the impact of increased foreclosures in the country. However, many taxpayers are arguing that we are having to pay for the mistakes of these individuals who took a mortgage when they were not eligible and the taxpayers are paying for the mess now. In essence, the taxpayers argue, they will be paying for the greed of the financial institutions whose unrealistic mortgages and subprime interest rates attracted the wrong individuals to purchase a home.
However, foreclosures can have a tremendously negative impact on the economy and the overall quality of life in an economy with higher foreclosures will drop significantly. Rising foreclosures erase future profits in nearby properties and in the economy overall. This bill has been created to avoid the big picture fallout that occurs when more and more foreclosures happen in the real estate market. The sacrifice is the taxpayer dollars to help alleviate whatever economic crisis would have evolved from the higher number of foreclosures. Something needs to be done to prevent more foreclosures and this bill is the band aid that is thought to alleviate and reverse the trend in foreclosures.
So the Question is, as a tax payer do you agree that we have some responsibility to help out the over 500,000 home owners who are facing foreclosure and saying, how can I sell my house fast? Are you comfortable with our tax dollars helping stop the foreclosure crisis?
Have you noticed how procrastination creeps up on you and builds up over time into all manner of unfinished business? All the things you avoid, deny, don't want to do, keep putting off, and won't make time for. And the excuses we come up with to justify the procrastination! "I'm too busy." "It's too difficult." "I'm not in the mood."
The things you procrastinate about are the things you don't really want to do. Plain and simple. And, they're the things that stop you from making as much money as you could from your business.
We have become a society burdened by lengthy "To-Do" lists and the constant expectation of instant response to phone messages and emails.
Well, I'm here to tell you that the more you are adding to your to-do list, and the more you are procrastinating on getting those things handled, the less money you will make in your business!
I want you to know that you can say "No" to the demands on your time, the burden of the "shoulds". These things are usually about other people's priorities and not your own.
What I want for you is to design your life and business around only what you really want to do, what you love to do; to not be bound by the "shoulds" and the by expectations of other people that drain your energy and block your creativity.
I have a challenge for you: eliminate procrastination from your life altogether. Today.
I want you to develop strong boundaries for your time and stop doing things to please others. I want you to start pleasing yourself instead of everyone else.
Make a list right now of all the "unconfrontables" in your life - all those projects, files, ideas, unfinished business, unreturned phone calls, incomplete relationships, books not read or returned, etc. - you get the idea. All the things you have been putting off, meaning to do, or thinking about.
Mark beside each a number to designate one of 3 choices you will make:
1. Do it 2. Delegate it 3. Dump it
Drop right now from your list all the items that have been outstanding three months or more. They are draining too much of your energy and you're obviously not excited about doing them.
Make the phone calls necessary to release yourself from the obligations, projects, and people that are no longer important to you.
Make the choice to take back control of your business and your life and do only those things from here forward that you're really excited about doing. Free yourself from the perceived necessity to return phone calls that aren't important to you. Let go of anything that's not "on fire" - that you're not passionate about, that isn't related to what you truly value in your work and in life.
WOW! Wouldn't that create lots of time for you? Time to take steps to achieve your vision or big dream, to make a difference in a bigger way, time and space to try new things, to explore creative projects, to pursue a hobby, to write a book, to travel, or to spend more quality time with yourself and your family.
Take out your day timer, and mark in time over the next three weeks to complete all the items you decided you really do want to do. Break them down into manageable pieces, schedule blocks of time to complete them, and get them taken care of! Enroll the support of family or co-workers where necessary to support you in this project.
Delegate anything you're not excited about doing. Pay someone to organize your office and files, handle administrative tasks, get your bookkeeping up to date, do your tax return, clean your house, do your grocery shopping, run errands, and cut your grass. Get these tasks taken care of once and for all. It's extremely freeing to let go of all this "stuff" that saps your energy and to know that it will be taken care of.
Experience the sense of relief that comes in letting go of all your unfinished business. Do whatever it takes to handle, delegate, or eliminate all of these items; they are draining your precious energy.
You can make the choice to have a more effortless, fulfilling business and a joyful life. The choice is yours to spend more time focused on the things that will make you more money. What are you waiting for?
Both Shaun Greer & Jan Marie Dore are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Shaun Greer has sinced written about articles on various topics from Franchise, Real Estate and Property Agents. to a local home buyer?. Shaun Greer's top article generates over 60500 views. to your Favourites.
Jan Marie Dore has sinced written about articles on various topics from Business Promotion, Marriage and Family. Jan Marie Dore publishes the newsletter 'Success Secrets for Women Entrepreneurs'. She teaches solo professional women marketing and sales strategies to attract new clients, grow their business, and make more money. Subscribe and be invited to free telese. Jan Marie Dore's top article generates over 22200 views. to your Favourites.