Skip to main content

See also:

Financial Tips For June 2014

Here are another 10 Secrets about how I view the financial world and that you can significantly benefit from.

Phil Mitsch Is America’s #1 Economic, Real Estate, Financial And Motivational Trainer.  He Is Also The Real Estate Industry's All Time Top Producing Residential Realtor.  www.PhilMitschForAmerica.com  @PhilMitsch
Phil Mitsch Is America’s #1 Economic, Real Estate, Financial And Motivational Trainer. He Is Also The Real Estate Industry's All Time Top Producing Residential Realtor. www.PhilMitschForAmerica.com @PhilMitsch p

Secret #1
99% of the people who attend “no money down” and “get rich quick” real estate seminars make no money. In fact, doing so actually costs them money.

Secret #2
The term “overstocked” is often advertised to give consumers the illusion that they can save money because of excessive inventory. In most cases, this is simply not true.

Secret #3
Stock markets are at record-breaking levels only because they have been artificially created by record-breaking amounts of government borrowing and printing of money. Be very careful investors.

Secret #4
Is it possible that the companies who offer identity theft protection are also the same companies that steal it? Just asking !

Secret #5
There is a big difference between the financial terms “lending” and “financing.” Make sure you know what that difference is.

Secret #6
Numerous fake debt collectors are contacting consumers worldwide trying to scare them into paying debt they do not owe. Best way to handle these unethical and illegal contacts is to ask for written proof that you owe the money. This request will usually end the conversation very quickly and without further contact from the fake debt collector.

Secret #7
In order to survive, most financially struggling consumers must find creative ways to reduce their expenses which will in turn increase their disposable income.

Secret #8
Statistically filing some form of bankruptcy might be a better option for financially struggling consumers rather than modifying their debt. Seek competent financial and legal advice in order to make the right decision.

Secret #9
Pay raises mean absolutely nothing if consumer expenses are increasing by more than the amount of the pay raise because consumer disposable income in this scenario is still decreasing.

Secret #10
There really are solutions that can end the U.S. and global economic financial crisis but irresponsible, immoral, unethical, excessively greedy and corrupt government and corporate worldwide leadership will not implement them.

Remember to look for my Financial Tips For July 2014 article in about four weeks.

Respectfully,

Phil Mitsch

Agents’ Note: Phil Mitsch is America’s leading economic recovery, real estate, lending and motivational coach. He is also the real estate industry’s all time, top producing residential Realtor. His 1) biography, 2) testimonials, 3) seminar topics, 4) books, 5) videos, 6) audios, 7) economic recovery tips, 8) real estate tips, 9) lending tips and 10) motivational tips can be found at www.PhilMitschForAmerica.com. For further information, contact Phil Mitsch Enterprises in Cherry Hill, New Jersey at 856-665-6569, on Twitter at @philmitsch, or by email to philmitsch@verizon.net.