Part 2: Creating Your Plan Outline

In preview from last week, read this blog first.

 

http://brokermakesyoubroker.blogspot.com/2015/03/part-1-learning-how-to-build-power.html

 

What does managing your credit means to you and why should you care? Your credit history is a record of how dependable you are and if you can keep your word.  Click on this link and you will see the difference when it comes to raising capital for your project.

 

Click here to hear about how to help solve your credit report problem.

 

http://www.thecreditsolutionprogram.com/ck-lesson-2?utm_source=GA&utm_medium=email&utm_campaign=CK+AR+v1&utm_content=D002-EML-CKV1&clickid=1425046_D002-EML-CKV1

 

 

Creating Your Plan!

This is the Tulloch's new home. However, it took a lot of planning before they were able to sell their old home, sign a contract for this home, get it financed, build and move in. We are going to use some of the same planning to start our financing to start building our portfolio that will be 100% financed by a very large home equity loan. You can use the same strategy to build a portfolio with an unsecured line of credit.

The Outline of Our Plan.

1. What are the Interest Rates that you are dealing with in your Plans?


2.  How much can you make on the spread between the rates?


3.  Are the rates fix or variable?


4.  If one or both of these rates move, how are you affected?


5.  Check the rates and conditions given by the banks?

6.  What discounted Bonds have a high enough Interest Rate to make money on the spread? 

7. Take out a loan with a revolving credit account.

8. Put the money into an online Brokerage Account.

9. Buy your Bonds. 

10. Track your Bonds and pay the interest from your credit account with your bond payments? 


Let's Review!


1. How many steps are in this plan?

2. Having a plan is better than not having a plan at all? (True or False)

3. How many types of institutions are we talking about in this plan?

4. Name the type of institutions?

5. This plan involves dealing with interest rate spreads? (True or False)


Answer to the question above.

1. 10 Steps

2. True

3. 2

4. Banks and Brokerage

5. True as well as the difference in Par and Discounted Bonds.

What do you do when your friends and family tell you that your plan is full of crap. Show them this video, click on the link or the picture.

https://www.youtube.com/watch?v=478qT9hMlEk

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My Book; Building Wealth with Corporate Bonds

 

I told you many times about my last book published in 2003 called, "Building Wealth with Corporate Bonds." The price is $35.00. I am selling off my final copies of this book. After that, I do not plan to produce anymore.  Some of the topics enclosed are:

•  Creating a Risk Policy
• Bull and Bear Markets
• What are Stocks and Bonds
• Corporate Bond Strategy
• Buying Corporate Bonds on Margin
• How to Place orders

You can buy a copy of my book by sending a donation of $35.00 money order to: Darnell L Williams

Building Wealth with Corporate Bonds

I/O Darnell L Williams

200 A Seneca Way

Havre de Grace, MD.  21078

I only have a limited amount of copies so order yours today. When they are gone, they are gone.  

 

  Part 3 will be about upgrading your credit.