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Misery Loves Company

Actually, I am not miserable, nor do I have “real” problems, but only minor stresses and inconveniences accompanying our cross country move. We are officially “on the road” with no address and no final date of arrival in our new land.

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Don't Fall for Money Mind Tricks (Part 2)

This behavioral bias is tougher to combat than you might think. Everywhere you go, savvy marketers are creating a “buy” environment, with lovely merchandising and seemingly compelling offers. The best way to combat this one is to be extremely rational when making decisions.

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20 MONEY AND LIFE LESSONS FROM MOM

Whatever is going on in her life, good, bad or otherwise, she will see the bright side. On top of that, if I want or need something from her, the answer is YES. She is chatty, helpful, and involved. When I was growing up she worked in real estate, raised my sis and me (with the help of my dad), and gave back to the community.

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WHAT DOES PATIENCE HAVE TO DO WITH INVESTING?

If you pull out your money when the market drops, you lock in the “paper loss” and make it real. Compound the loss with declining to invest during a low price environment. Furthermore, you have another decision to make; when to get back in the market? That is the most difficult question of all.

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HOME SALE UPDATE

We have the largest real estate brokerage company in the area with 50 agents. Usually at this time of year we have 15-20 homes that are under contract. Presently we have 3, all listed under $225,o00. I’ve never seen a market like this one before. We are actually getting a bit concerned.

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HOME BUYING ALERT

How much you pay for your home is significantly influenced by the mortgage rate. When shopping for a home, buyers typically look at the home prices. For example, your price range might be $200,000 to $225,000 (of course not in NYC or LA), but the cost to you actually varies depending on your financing options.

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