Tag: mortgage
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The Shadow Economy Has Consumer Clout
In King Solomon’s’ view, hard work and prudence pave the way to prosperity. Like the ant in his often quoted Proverbs 6:6, people should work hard to save up resources. But today’s sluggish economic recovery and the slow rebound of jobs has changed the outlook for many would be workers, who have stepped out of…
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Flip Houses, Get Rich? Not Necessarily
King Solomon advocated a slow and steady approach to crating prosperity. “Go to the ant, o sluggard,” he advises in Proverbs 6:6, because the ant works hard and regularly throughout the seasons to store up needed food. Building wealth in real estate works the same way. House flipping doesn’t build long-term wealth, as a family…
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The Fed’s Bond Buyup Comes to an End: What Next?
King Solomon’s words on money management and prosperity are timeless. Along with prudence and wisdom, the King advocated foresight — looking ahead and making plans to avoid potential pitfalls. “Go to the ant, o sluggard,” he says in Proverbs 6>6-8,’ and consider her ways and learn wisdom. Which, although she hath no guide, nor master…
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5 Signs of a Lying Lender
In his Proverbs, King Solomon tells us that prudence, caution and good advice can keep good people out of the clutches of the wicked. “If wisdom shall enter thy heart, and knowledge please thy soul,” he says in Proverbs 3:10-14. “Counsel shall keep thee, and prudence shall preserve thee, that thou mayst be delivered from…
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Justice and Judgment: Another Bank Fraud Case Hits the Courts
At the very beginning of his wise Proverbs, King Solomon establishes the values that lead to a blessed and prosperous life. “To know wisdom, and instruction; to understand the words of prudence, and to receive the instruction of doctrine, and justice, and judgment, and equity,” he says in the first three verses. For investors in…
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Cash for Quick Home Sales: A Wise Harvest?
In King Solomon’s day, credit wasn’t much of an issue. But the wise king’s advice to manage money responsibly and save up resources applies across the ages. “Go to the ant, O sluggard,” he say s in Proverbs 6_ 6-8,” Which, although she hath no guide, nor master, nor captain, provideth her meat for herself…
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Millennial Job Seekers: A New Lost Generation?
Although the words of wisdom in King Solomon’s proverbs offer good advice for everybody, it’s also clear that the monarch also meant them specifically for the young. ”The parables of Solomon,’ he begins the book of Proverbs, “To know wisdom and instruction. to give subtilty to little ones, to the young man knowledge and understanding.”…
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Reverse Mortgages: A Prosperity Plan that Can Backfire
For King Solomon, the later years are a time to reap the rewards of a long prosperous life and enjoy the blessings of God. “Old age is the crown of dignity,” he says in Proverbs 16:31,” when it is found in the ways of justice.” But for many Americans of retirement age and beyond, money…
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New Rule Rewards Prudent Borrowers
As King Solomon says again and again in his Proverbs, prudence and responsible living according to the will of God leads to prosperity. “Get wisdom, and with all thy possession purchase prudence,” he tells us in Proverbs 4:7. That’s advice well taken in today’s tighter lending atmosphere, where the upcoming Qualified Mortgage Rule rewards prudent…
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Why the Loan Slowdown?
King Solomon, that wise and wealthy monarch, advised the rich to deal fairly and kindly with the “little guy.” “He that showeth mercy to the poor shall be blessed,” he says in Proverbs 14:21. Getting the nation’s big mortgage lenders to show some fairness to the victims of mortgage fraud and new loan applicants has…