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For matters pertaining to equity the authority that I go to is Marian Snow – best-selling author of "Stop Sitting on Your Assets". She talks about how to let your equity work for you, how to become your own bank, and secure your financial future. I got a lot of new ideas, and now view my money and financial management in a different way.

Preview the book here — there’s a lot of vital information you can’t find anywhere else. I suggest too that you make a small investment on the book. It changed my total outlook on investments, mortgage, equity and personal finance.

http://www.stopsittingonyourassets.com/MarianSnow/preview/contents.html

You can contact Marian through her personal blog here:

http://mariansnow.typepad.com/assets

This question was in my Bisness and personal finances book & personally i have no idea how to answer this question. Its a question of opinion….

Certainly some of the economy is based on private enterprise, like privately held companies or individual small business people. But to say our whole economy is private would be very inaccurate, A lot of companies, corporations or whatever their structure may be are publicly held thru stocks. Also many will say we have free enterprise and thats true to a certain extent, but by no means is the USA economy a true free enterprise system, simply look at the companies, farmers, entities receiving subsidies while their competition operates as free enterprise. True free enterprise would be all companies, entities operating on a level playing field.

I read a lot about financial tips given by experts. Unfortunately not one gives any advice to anyone who has not got a perfect credit record of which there are thousands, usually because of circumstances beyond their control. But there is no advice out there for them on mortgages,loans etc. Or maybe they don’t really exist.

Books from your library.
I have read books on insurance, annuities, buying homes, personal finances, credit repair, saving, investing, etc.

There are some really good ones.
I like the yello books which some people call the Dummies Series.
The world is at your hands – learn.

Look for Mortages for Dummies and another one called
Credit and Debt Reapir for Dummies (excellent book to say the least)…

I am trying to calculate WAAC and am having problems relevering my ‘clean’ asset beta to incorporate an optimal capital structure which is ‘apparently’ according to the iterative process, greater than 1. How do I adjust my calculations to account for this? What is the weight of equity?

For matters pertaining to equity the authority that I go to is Marian Snow – best-selling author of "Stop Sitting on Your Assets". She talks about how to let your equity work for you, how to become your own bank, and secure your financial future. I got a lot of new ideas, and now view my money and financial management in a different way.

Preview the book here — there’s a lot of vital information you can’t find anywhere else. I suggest too that you make a small investment on the book. It changed my total outlook on investments, mortgage, equity and personal finance.

http://www.stopsittingonyourassets.com/MarianSnow/preview/contents.html

You can contact Marian through her blog here:

http://mariansnow.typepad.com/assets

Honestly, I really dislike going to school… Recently, I fell in love with stock market and personal finance. I read more books than ever…

Any input?

Careful with the stock market, it can make you a pile of money and take it (and a lot more) away in a single day.

An education is more important today than it was when I was younger, I do have some college but no degree, I also have a 6 figure salary, all it took was hard work and a little luck.

I would recommend that you finish college and get your degree, you will never regret it unless you fail to do it while you have the chance.

You can start off small on your investments and perhaps get a part time job to learn the investment business.

Good luck to you.

I am interested in buying a short sale or foreclosure. How is the process different than a regular sale?

The process is totally different. On a regular sale, the property you buy can be moved into immediately, once you obtain the financing. Short sale process can take months so if you need to buy or move soon, short sales is not for you. Here is why:

On a short sale, a short sale package must be submitted to the bank and it must be 100% complete or it will never be touched by the employee at the bank handling the short sale. It requires documents from the Seller(s), including a Hardship Letter explaining why they cannot pay the mortgage anymore, 2 years tax returns, bank statements, a current personal financial statement, the Purchase and Sale Agreement, etc.

It also must have documents from the buyer with proof of funds or a letter from your financial institution guaranteeing you qualify for the loan. Some of these homes do not qualify for FHA financing and in that case your financial institution will require a 20% down payment from you.

Assuming that you got all of the above, you still don’t know what the final Sales Price will be on a Short Sale. On a regular sale, the Seller and You agreed on a price for the home and providing that the home appraises and you qualify for the loan, the sale can be completed.

On a short sale, whatever Sale Price you and the Seller agreed to, is irrelevant in most cases. The Seller can only sell you the home, but the bank is who will decide what Price to accept. It depends on a lot of factors being the Broker’s Price Opinion of value probably the most crucial of all. Negotiating a price that both you and the bank agree can be a pain in the butt. In California, where I live, only Licensed Real Estate individuals and Lawyers (who else?) can negotiate a short sale. Check the laws in your own state.

Bank Owned (REO’s) could be a better option but you must be very careful. I talk about it on my most recent blog and you can read about it by clicking on the link below.

Hope this helps.

I am applying to universities soon and I would like to study mechanical engineering.

I have a financial work experience secured, but I was wondering how I could relate it to my interest for mechanical engineering in my personal statement?

Only thing I can come up with atm is that they both involve a lot of mathematics?

Thank you.

U r right both involve a lot mathematics you can make this relation after graduation as per example if u will work ad cost engineer ofcourse you will find the relation everything that u learned in.yr life develope u don’t forget basics of yr experience or yr study and u get the best relation and best practical application

I belive that it was the WallStreet Journal that had a list of all the books on bussiness, personal finance or other topics to read and which ones were worth CEO’s or any successful individuals time. Does anyone know what list I’m speaking of?

Talking heads come up with lists of stuff they think others should do.

To make it to the CEO level, 99.9% of the CEO’s know a lot more than some clown claiming to be able to give any tips to them, and if they dont, they have staffs to go to for specific knowledge.

I have to select courses for next semester and I saw personal finance as an option. Does it require a lot of difficult math and confusing terms? Thanks!

Of course, the difficulty of any class always depends on the Professor and how in depth he/she wishes to go, but generally speaking, Personal Finance is pretty easy. In some classes they go from the very simple, balancing a Check Book, up through how to itemize deductions on one’s Tax Return. You’ll probably learn about Credit Cards, Student Loans, Rent and Mortgages, Car Payments, Insurances, and other things that factor into budgeting.

If you can add, subtract, multiply, divide and understand the concepts of Algebra 1, this class should be of no problems to you, where math is involved.

I’m looking for an amateur finances program that I could use to get my boyfriend and my money/spending organized. Nothing too complicated and free preferably. My finances are fairly simple but he travels a lot for business and has to keep track on expenses. Any suggestions would be helpful keeping in mind that I’m not financially savvy.
Thanks!

For tracking your spending and overall money management, mint.com is a good site. As someone else mentioned, you can link your accounts and it will keep track of what you spend and even attempt to automatically categorize it for you so you know how much you spent on gas, groceries, dining, etc.

For learning about your finances and getting some help planning them, I’ve actually started a site called Finavigation (http://finavigation.com). The site is free and includes a feature that analyzes your finances, gives you some pointers on things you can improve on, prioritizes your savings goals for you, and shows you the most efficient way to pay down your debts. It also has a blog with financial lessons so you can learn about the basics of personal finance and how to get ahead financially.

Good luck and I hope you find something that works for you!