Annual Percentage Rate: What is the Real Cost of Financing?

 

Annual Percentage Rate (APR) is a tool that consumers can use as a starting point to compare loan programs. However, it's important to keep in mind that APR is not a perfect system, and not all lenders calculate APR in the same way. While the Federal Truth-in-Lending Act does require any mortgage broker or lender to disclose APR to the consumer, there is no rule written in stone for calculating this number that each and every lender agrees upon.

Finding Your Niche: What it Takes to Get Ahead of the Competition

 


Very few individuals have the luxury of being the only professional in their marketplace offering their particular service. Competition is constantly at our heels, hoping to catapult one step ahead of us. For this reason, we must continually strive to differentiate ourselves from any competition we may have. 

Dan Sullivan, President of The Strategic Coach Inc. and co-author of The Great Crossover, provides a solution. According to Sullivan, if you wish to remain in the upper echelon of your profession you must "...disregard your own commodity and focus on deepening the power and possibility of all your relationships."*

Dealing With Change

Change isn't always an easy thing to deal with. But as Spencer Johnson reminds us in his bestselling book, Who Moved My Cheese?:

  • If you do not change, you can become extinct.
  • What would you do if you weren't afraid?
  • Movement in a new direction helps you find new "cheese" (i.e. new opportunities)
  • When you move beyond your fear, you feel free.
  • Old beliefs do not lead to anything new.

Opening Your Mind to Wealth

Robert Kiyosaki's bestseller, Rich Dad, Poor Dad,* has helped millions to create roadmaps to their financial goals. Central to his series is the notion of open-mindedness. Instead of sizing up a situation and saying, “I can't afford that,” he suggests saying, "Howcan I afford that?" By reshaping the idea into an open-ended question, creativity is stimulated, which leads to inspiration. 


Here's a list of critical thoughts and their positive replacements. I hope these help to prime your mind for money-making thoughts.

 

Good morning!  Having a home with space is wonderful!  The kids and I are so happy and feeling much more comfortable and at ease.  We spent 2 days straight moving then began unpacking Saturday night.  After church yesterday we organized and unpacked some more and last night was cleaning.  We were able to begin our Monday morning routine with easy and comfort - I can't begin to express how truly grateful we are.  We are feeling blessed and know without a doubt that God's hand was with us from the beginning.  

Thank you so much for all you did.  You were an anchor for me and without your direction through this process I would have been lost. 

Sincerely, Julie, Clifton Park

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