Wednesday, February 20, 2008

Supplemental Income Can Be Your Savior

Supplemental income has never meant so much to so many people.
With the economy as crazy and unsettling as possible debt reduction plans
need to be executed for some of the following facts.

Many Americans upgraded their homes in the last few years because of low
interest rates, but now that inflation is back and interest rates are
higher, variable rate mortgages are going up and many homeowners may not be
able to make their payments (Money, October 2005).
In 1997, financing of automobiles through banks averaged 89% of the price.
In 2003, the financing averaged 101% of the price because they needed to
cover the costs of trade-ins worth less than the outstanding loan.
A new Census Bureau states that the number of people who are in the work
force and are at the poverty level increased by 563,000 from 2003 to 2004.

More about wealth building strategies tomorrow.

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