Tag Archives: mortgage

Cash Call Mortgage

Lately you may have heard commercials for Cash Call Mortgage touting how easy it is to borrow money. A lady says she needs to replace her roof, and she asks, “Can you help me?” A man says he got a new job but will not get a paycheck for a month and asks, “Can you help me?”

Of course the answer is yes, and they say things like, “We can loan you the money your need, because we trust you. Go ahead and borrow money for cash flow just like the big corporations do.”

This is so deceptive and dishonest. To advertise to someone who did not have the sense or ability to set aside enough money to last ONE STINKING MONTH and compare him or her to big corporations borrowing money for cash flow is ridiculous.

However, these commercials don’t surprise me since 90% of the population has been taught nothing about how to handle money effectively, or do a personal budget, or a balance sheet, or an income and expense form, or even how to save for emergencies.

The problem is the burden of interest costs because people lack the knowledge. And these companies take advantage of that.

In an email last week I said that I completed the 9 Days to Financial Freedom recorded program and it covers how to get of credit card debt forever.

It also contains:

  • How to Create Your Empowering Money Beliefs
  • The Three Secrets of the Wealthy
  • What to Own to be Wealthy
  • How to Spend Your Way to Wealth and Abundance
  • The 5000 Year Old Secret of the Wealthy
  • Highly Lucrative Investment Secrets
  • The No Fail Six Leg Support Structure
  • How to Find More of Your Ideal Clients
  • How to easily get referrals in only two sentences
  • Insights on creating wealth through real estate AND MORE

As I introduce the course to my list, the investment will be $497 one time. You will also continue to get access to all upgraded and improved material AND, AND GET THIS, LIVE GROUP COACHING CALLS WITH ME PERSONALLY FOR 12 MONTHS.

After the introductory period ends in February, the investment will be $997, so if you are interested, don’t wait. Email me if you are interested or want more information. By next week I expect to have a sales page on the website.

To your wealth,

Rennie

You too can be unlucky, or frightened

Recently I heard a story that I had to verify. It was about Ronald Wayne, who was one of the early investors in Apple computer.

Ron was an electronics industry worker and knew both Steve Jobs and Steve Wozniak. Unfortunately, he did not have faith in the new start up and sold his shares back for $800 (eight hundred dollars). He is now around 82 years old, retired in Pahrump, NV and has a net worth of about $300,000; which is the median price of a little 2 bedroom, 1 bath cabin in the woods in Manitou Springs, CO. So if he owned a house worth that much it would represent his entire net worth, if it was fully paid off with no mortgage.

So how much did Ronald Wayne give up? The price of Apple stock fluctuates daily, just as any stock would. So rather than subtracting his current net worth from the price of the Apple stock he gave up, let say for round numbers his stock would be worth about $35,000,000,000 (that is $35 billion!).

What’s my point? We all have great ideas. We often see things that appear to be a good idea that others have. Ron Wayne lacked the faith in his own ideas and the ideas of Jobs & Wozniak.

And you might wonder how much money Steve Wozniak is worth; it’s only $100 million. Why do I say only $100 million?  Because I am comparing that to Steve Jobs. However, Wozniak was a far nicer person. As an example, prior the Initial Public Offering (IPO) of Apple stock, Jobs was not willing to grant any stock options to the few people who were the earliest Apple employees, and there were only about 40 or so in 1980.

These people helped create what would soon become a billion dollar company and they would make no money from the planned IPO. So Wozniak sold some of his own shares, inexpensively, to his friends because he thought Jobs was being an (expletive body part). So with fewer shares he made less money than Jobs after the IPO. And this IPO turned out to raise more capital than Ford Motors in 1956.

Also Jobs went on to invest in Pixar Animation, and then founded NEXT after he got fired from Apple. And when he returned to Apple he got an enormous pile of additional stock. At Jobs death his stock was worth about $8 billion, or about 2% of all Apple stock.
What’s my point? Believe in yourself, and after careful deliberations, have confidence in the smart people you know. I doubt Ron Wayne consulted anyone before he sold back his stock.

To your prosperity,

Rennie