“Growing Your Own Money Tree” Lessons In Debt, Credit And Home Ownership

November 3, 2009

0_9234I just got off the phone with a local college establishing scheduled classes to teach “DAILY Personal Money Management” . The request came from the demand of students for education in how to live paycheck to paycheck.

 The college was not looking for a financial advisor who is trained in long term investments, stock portfolios, and retirement planning. The need of the college students of all ages and economic ranges is education on surviving today !

 Today, I also visited a site I had not been to in a long time and I suggest that you visit it as well, http://www.Entrepreneur.com WOW! Their library of services has really expanded ! I phoned and talked to a service representative requesting information and commenting on the growth of the company. She told me that the economy was driving the demand for more information on ‘HOW TO’ best utilize what skills, interest and abilities they have to survive.

‘Survival’ is in fashion, and the time has come to grow your money tree, to focus on what you can control. Obviously, no one in Washington is calling daily to ask your opinion, and heaven only knows who Wall Street gurus are calling. Bottom line, if you cannot control what happens elsewhere, it is time to take control of your own actions and do it on a DAILY basis !

 If you can make money from your own personal special talent, interest or skill, then you can generate your own little economic engine…grow your own money tree!

 When you buy merchandise or services to serve your business, that means you will be stimulating economic growth as your vendors get paid. Then you will potentially need employees to fulfill your orders or assist you in your services, that creates payroll. Producing jobs and wages for employees to spend is investing more into your local economy. “What goes around comes around.”

 Now, you have a money tree growing that many people will be able to enjoy the fruit from your creation. You can change the economic climate if you focus on you and what you can control.

Visit the Entrepreneur website, I found where they had a wonderful FREE bookstore and you pay $39 for shipment of 10 books. I have never found anyone with a wider assortment of information on opportunities and options than Entrepreneur. Also check with your local college for ‘Community Classes’ like the one I will be teaching, again, resources that will empower you to become the best you can be.

Call Spectrum Resources (863) 967-0660 = SpectrumResources@tampabay.rr.com

Please visits all our blogs, each with different lessons that will help you live inside your income. http://MoneySavingTips.PolkVoice.com   and http://SpectrumResources.wordpress.com    and http://FinancialEducationAndOptions.blogspot.com    and http://WomanToWomanMagazine.ning.com   and….. for a 75 Day Credit Makeover visit our resource: http://CreditJusticeServices.com/?ccc=1242 to learn more.      

Your tax exempt donation to our ‘Education Fund’ mailed to: SRDC 2014 Brentwood Dr. Auburndale, FL. 33823  is always appreciated.

“Care Giving – Where Heroes Meet Angels” Lessons In Debt, Credit And Home Ownership

October 30, 2009

liberty-lady_eagle_flagYou know, sometimes we don’t notice silent messages being sent to us, and it takes a slap up side the head to get our attention. But even for a Senior Blonde, the light came on and as a messenger, obviously I was to convey to others more on the topic of ‘Care giving’.  The following incidents is how it was unfolded to me, and if you ‘get it’ as well, then pass it on.

First I was invited to be a speaker at the Polk County Florida ‘Caregiver’ Organization, then the next day I attended a Veterans Job Fair.  There I talked to an old acquaintance who ask me to sign a Christmas greeting card that they personally hand out in the hospitals at the holidays.  His comment, filled with compassion and much sincerity was that in his physical condition he could do little to help others as a ‘caregiver’, however, he could gather signatures from the many who do care about Veterans and can hand delivery the cards to them.

With thoughts of this disabled Vet still in my mind,  across from me was a young lady filled with energy and enthusiasm caught my attention as well as others as she spoke about a wonderful new Veteran’s program.  The program that excited her is the “VA MEDICAL FOSTER CARE Where Heroes Meet Angels !”   This is a new home based primary care program that is giving new meaning to ‘care giving’.

This is a program that allows the Veteran to be included in decision-making inside a home, but yet receive 24 hour supervision, experience a flexible daily routine, have a private or semi-private room.  A Veteran is surrounded by ‘caregivers’ whom the Veteran can have a family type relationship in a home setting that is stable and safe.  There is also the possibility of keeping pets which I thought was like the cherry on top of a special treat.

The VA Medical Foster Case is an alternative to long term care or a nursing home placement, especially for dependent, chronically or terminally ill Veterans with limited family support.  The care is less costly for the Veteran or the family.  The Veteran’s VA pension maybe maximized, if eligible.  There is also a ‘Community Based Living Option’ for Veterans who cannot live independently due to functional, cognitive or psychosocial impairment.

Care giving in any form is priceless, going beyond the expectations of human relationships. Giving unselfishly to others is not new, but this program is new and it needs your help in getting the word out. Our Veterans deserve the protection, personal care, and assistance delivered with warmth and appreciation as they have unselfishly given to all Americans. For more information about the “VA MEDICAL FOSTER CARE’ contact the Medical Foster Home Coordinator Felicia Santos, LMSW (813)903-3611 .  A home heals many wounds especially when filled with caring people.  Debt, and credit issues can be put into perspective when aligned with giving back to a Veteran who has given so much to us.                                                                                498

Call Spectrum Resources at (863) 967-0660 email SpectrumResources@tampabay.rr.com 

Spectrum Resources provides counseling in debt, credit and home ownership issues.    

Our fees are on a sliding scale of net monthly income. We help with foreclosure prevention and dealing with 3rd party creditors

Please come back often and visit our other blogs at:

http://SpectrumResources.wordpress.com & http://WomanToWomanMagazine.ning.com

http://FinancialEducationAndOPtions.blogspot.com   and

http://MoneySavingTips.PolkVoice.com  and for a 75 Day Credit Makeover, visit:


“WHY Do I Need A Forensic Mortgage Audit?’ Lessons In Debt, Credit And Home Ownership

October 18, 2009

house inspecton

IF you have purchased a house in the past 5-7 years with a bank mortgage then you would be wise to have a forensic audit done on all of your closing documents, even if you are current on your payments. 

 The most common reasons to conduct a forensic loan audit is:

  • General Loan Documentation Errors – Real Estate Settlement procedures Act (RESPA) Violations – Truth In Lending Act (TILA)
  • Violations – Home Owner Equity Protection Act (HOEPA) Violations – Good Faith Estimate Compliance – Misleading Disclosures –
  • Overstated Home Values – Overstated Income In The Loan Application – Lender And Broker Misrepresentations – Usury Violations
  • Excessive ARM Adjustments – Excessive Points & Fees – Predatory Lending – Forgery- Loan Flipping

 This service is a very specialized and imperative in identifying if a borrower is a victim of predatory lending. You should only consider the services of a company that has a strong legal background, because it is not just a mechanic document review. A forensic auditor should have the skills to perform not only a thorough investigation for miscalculations and to determine if the loan terms are accurate, and truthful, but also the legal skills to identify the applicable federal statute’s violations and understand the consequences which are damaging to the home owner.

The goal of the Forensic Loan Audit is to determine whether there were violations of federal law in your loan documents.  IF…predatory lending and origination fraud are found, then the borrower may be eligible for complete relief of the predatory loan (refinanced only) or a very favorable loan modification. A true “forensic loan audit” examines homeowners’ appraisal, mortgage and supporting documents, so legal defenses can be discovered that a homeowner can use to avoid foreclosure. Or to use the law offensively to obtain favorable refinancing on the borrower’s terms, an equitable and fair Loan modification, an approved Short sale, a possible principle reduction, etc..

 Spectrum Resources has for over five years continually researched banking actions and court case reactions pertaining to foreclosure and found the tides are turning due to the internet. There is more awareness in people of their consumer rights and the need for the skills of experienced forensic mortgage loan auditors. Even FDIC acknowledges 98% of all mortgages are fraudulent, is yours ?                                

Spectrum Resources (863) 967-0660 Email: SpectrumResources@tampabay.rr.com

Visit our other blogs: http://MoneySavingTips.PolkVoice.com  and

http://SpectrumResources.wordpress.com & http://WomanToWomanMagazine.ning.com

http://FinancialEducationAndOptions.blogspot.com   and for a 75 Day Credit Makeover:

http://CreditJusticeServices.com/?ccc=1242  Your Tax Exempt Donation Is Appreciated, Mail to: S.R.D.C.   2014 Brentwood Dr. Auburndale, FL. 33823

“NUMBERS” Not Just A TV Show” Lessons In Debt, Credit And Home Ownership

October 14, 2009

Sandwich GenerationYou are probably aware that the numbers on a credit score chart read like: 730-850 = EXCELLENT680-729 = GOOD620-679 = FAIR500-619 = POOR, and under 500 not only will you fail any Federal funding, but unlikely anyone else except a thief will offer you credit.  You have learned to respect the NUMBERS because of the consequences in your own personal life, and following is just a sample of important  NUMBERS in your credit world.

Your NUMBERS are a result of your creditors and the credit bureaus reacting to your actions. This chain of events impact your financial life, much like ripples in the water from you throwing in a single stone. For example, a tax lien carries approximately a 100 negative points on your score, and a judgment 50 points.  If a profit + loss write off shows up in your credit history, that has 30 negative points result.  Collections, which people rarely seem to take seriously impacts a credit score 20 points and late payments, again not taken seriously is 10 points.  Add up these negative NUMBERS, your score goes down, and your cost of credit goes up..

Your NUMBERS attached to your habits of money management is also figured in.  For example, when your debt to credit ratio is high, your score is down. If you have used 60% of your credit limit in debt that takes 30 points off your score.  50% of your credit limit used in debt is a 20% deduction in your score, 40%  takes 10 points off your score. You are safe IF you keep your debt load UNDER 40% of your credit limit.  Do The Math & Save !

Your NUMBERS can be changed by changing your actions. Through financial education and resources you can gain an average of 50 to 100 points on your credit score.  Through a series of proven successful letters you can dispute inaccurate information found in your history. The process of credit repair, like dieting is not a quick fix, but over 3 months with a change in your habits and using proven methods, you can see a difference in all of your NUMBERS !                                                                                       

 Call Spectrum Resources (863) 967-0660  Email:  SpectrumResources@tampabay.rr.com

Visit one of our trusted resources: http://CreditJusticeServices.com/?ccc=1242  and our blogs for more lessons: http://MoneySavingTips.PolkVoice.com and

http://SpectrumResources.wordpress.com  and

http://FinancialEducationAndOPtions.blogspot.com and our newest blog :


“HOW TO Turn Credit Lemons Into Sweet Lemon-aide” Lessons In Debt, Credit And Home Ownership

October 10, 2009

PuzzlePieceYou would have to agree, lemons and credit both normally leave a sour taste in your mouth.  Lemon-aide on the other hand is refreshing, and credit can be just as sweet if used in the right way.  The whole key is making credit work for you is again like making lemon-aide, it knowing the recipe, or rather the right ingredients as offered below !  

You have probably wondered yourself what elements make up the credit score ?  What actions bring negative reactions to the credit score ?  And how to dispute the inaccurate information placed in your credit history effectively to raise your score ?  The answers to these questions and more come from education of that particular segment of money management. You can learn for your personal use or to help others by visiting http://CreditJusticeServices.com/?ccc=1242 .

You will be visiting a gourmet shopping area that offers you ingredients that will allow you to raise your own personal credit score, or become a certified credit counselor and help others take the bitterness out of their credit history. 

Eight out of ten credit reports ( 79%) have errors that are severe enough that credit is denied, yet creditors use this information to determine if we are a risk before extending credit. Credit Justice Services ranks number four in the nation as a leader in the industry and one of the founders of NARCO = National Association of Credit Repair Organizations. It strives on excellence of service and standards in alignment with our Federal governing laws.  Education is essential to bring about change in the industry, and in personal habits as a consumer.  You can make a difference in your own household as a client in the 75 Day Credit Makeover Program , or help others turn their lemons into lemon-aide with knowledge and skills as a Certified Credit Counselor.    

Right now America is in an economic crises, the credit score determines the cost, and availability of about everything we need and do, including jobs. Professionally trained and knowledgeable consumers are essential to a positive change. Learn to save or learn to earn, take the lemons in your credit life and turn them into lemon-aide and enjoy the sweet taste of success.


 Contact Spectrum Resources (863) 967-0660 or SpectrumResources@tampabay.rr.com

For over seven years, Spectrum Resources has provided personal counseling in debt, credit and home ownership issues with the mission to help people learn how to live inside their income.   Spectrum Resources welcomes your tips, ideas, and opinions.

  Please visit all of our blogs, each one with a different lesson:

http://SpectrumResources.wordpress.com     and

http://MoneySavingTips.PolkVoice.com    and


 and our newest blog: http://WomanToWomanMagazine.ning.com

“Hook, Line And Sinker !” Lessons In Debt, Credit And Home Ownership

October 7, 2009

money You have posted a resume online, and now you are bombarded with offers. Wow what luck !  And they all offer such big pay for working at home !.  Why has Americans gone off to some stale office when so much money can be made from home ?  Well, that question came to my mind and peaked my interest wondering how many people desperate for added income would bite on these hooks. So I posted my resume online to see if I could catch a crook.

 Exploring the possibilities, one has to use logic and  common sense  determining what is real . “If it sounds to good to be true, it probably isn’t !”  After posting my resume, in one day, I got in 15 offers and they all had a different twist to the same basic theme.  I will hire you to do what ever, send you upfront X amount of dollars that you should deposit while waiting for further instructions, or my favorite is, to contact them as soon as the money is deposited.

Even though I had posted my resume, each one wanted basically the same additional information which tells you that it is a form letter.  Not a well written one at that.  Usually all the letters contained words spelled wrong or poor English.  Even though I had requested formal information that would be normally offered in legitimate job offers, no information requested was ever received by me.  Just as promised, I received a check for $2800 to forward mail from my home.

 Yes, me, a total stranger was mailed a $2,850. check. Now who would be that silly logically ?  Even though he explained it thoroughly, his story lacked logic. The post master and banker are aware of these offers almost daily. Sadly after someone has lost money due to believing in them.  

 I contacted the local police, and the post master who copied all correspondence, my first check and the envelope it came in and filed a complaint that will go to the FBI..  Then I went to the bank and filed a report with them before I deposited the check.  It was held for 11 days before clearing.   Can you believe it -the check bounced and was stamped COUNTERFEIT ! The NY employer before the required 11 days for clearance, emailed me again to find out if the check cleared.  I apparently blew my undercover status when I told him that it was counterfeit. I really doubt that he will email me again.

 My point of this expo was as an alert to know that as good as it sounds, logic must prevail. As tempting as it seems, NO ONE is going to trust a total stranger with any amount of money these days. They use counterfeit checks, counterfeit money orders, both look like the real thing, but stop and ask yourself WHY would anyone really send a stranger REAL money ?

 Just like in any sport fishing event, they used different methods , angles and bait to attract the fish.  It’s a numbers game, so the fish don’t even have to be big ones, just gullible.  The methods used are simply amazing as a hook and line, but the sinker is there if you bite.  Beware – they are out to catch you !  

Spectrum Resources is holding a contest, we are looking for your best money saving tip. Simply write in what method of saving has worked for you in our comment box. The best tip will be posted in all four blogs, and you will receive FREE two hours of counseling over issues pertaining to debt, credit or home ownership. PLUS you will receive a FREE personally autographed book titled “Hey! Where’s My Money ?” by local author Janet Shore.


Call Spectrum Resources  (863)  967-0660  for counseling in debt, credit or home ownership issues.  Email:   SpectrumResources@tampabay.rr.com    

For credit repair or a credit card modification program: http://CreditJusticeServices.com/?ccc=1242

Put this in your favorites, and please visit all our blogs, each one with different lessons: http://SpectrumResources.wordpress.com & http://WomanToWomanMagazine.ning.com http://FinancialEducationAndOptions.blogspot.com http://MoneySavingTips.PolkVoice.com

“Cashing In On Your Talent” Lessons In Debt, Credit And Home Ownership

October 4, 2009

piece of puzzleYou are aware of the high 10% unemployment nationally but here is what you can do about your personal financial crises.   The commercials sing that it is time to think beyond the money, and think about personal values. As further support, found in an investment article a current trend referred to  P I E C  =  (Personal Income Earning Corridor). Basically cashing in on your personal talents using the following keys: 

               1.  Doing what you like.

               2  Act beyond money.

              3.  Work with like minded souls.

These three elements encourage self evaluation. If your household budget reflects a need for additional income, use a smart strategy, re-prioritize your goals to put more value on your happiness, and work with other people who hold the same interest and values that you do. 

If you have identified skills, special interest, hobbies, or talents that can be turned into a service business such as: photography, sewing / alterations, spots, woodworking, auto care, decorating, crafts, artistic,  being a handyman/woman, music or acting, tutoring, or even teaching a foreign language you are closer to the extra income you want and need.  

Keep your options open with business services that don’t need any special skills or talents for but are needed such as: housecleaning, house sitting, pet walking or pet setting, driving services, lawn or garden care, child or senior setting.  A consigner service could be running errands, shopping, standing in line to buy theater tickets, picking up dry cleaning, or whatever.

 A business plan will allow you to think through the necessary legal steps to establish your business, a marketing plan and a budget using examples online.  You will need to secure outside services of a bookkeeper, insurance and bonding service, and perhaps an attorney. 

Network  with like minded people in the selected market and you will cultivate and build a business that will enable you to cash in on your talents !

Spectrum Resources is holding a contest, we are looking for your best money saving tip. Simply write in what method of saving has worked for you in our comment box. The best tip will be posted in all four blogs, and you will receive FREE two hours of counseling over issues pertaining to debt, credit or home ownership. PLUS you will receive a FREE personally autographed book titled “Hey! Where’s My Money ?” by local author Janet Shore.


Call Spectrum Resources  (863)  967-0660  for counseling in debt, credit or home ownership issues.  Email:   SpectrumResources@tampabay.rr.com    

 For credit repair or a credit card modification program: http://CreditJusticeServices.com/?ccc=1242

Put this in your favorites, and please visit all our blogs, each one with different lessons: http://SpectrumResources.wordpress.com & http://WomanToWomanMagazine.ning.com http://FinancialEducationAndOptions.blogspot.com http://MoneySavingTips.PolkVoice.com