Marco Rubio Just Locked Up The 2016 Republican Nomination


GOP Golden Boy Marco Rubio revealed the magnitude of his star power today, delivering an impassioned speech on immigration that showed exactly why he is the true heir apparent of the Republican Party.

Addressing a crowd of hundreds at the Hispanic Leadership Network Conference in Miami, Rubio laid out a sweeping vision for immigration reform and challenged his party's presidential candidates to adopt positive positions on the hot-button issue.

The speech was masterful, laced with powerful emotion, humor, and an impressive defense of free enterprise and the American dream.

Here's an excerpt:

We have always been a nation of haves and soon to haves, a people who have made it and people who believe that given the chance they will make it too.  And if we lose that, we lose the essence of what’s made us great in terms of economics.

And so, when the choices that are put before us today are dangerous ones, because if we choose this path of pitting people against each other, if we buy into this notion that our economy really can’t grow fast enough for all of us to prosper so we’re going to have to somehow empower government to distribute the wealth of this country among us, we’ve chosen to become like everybody else. We’ve chosen to become like the countries that your parents and grandparents came here to get away from. And that’s a powerful message. And that’s the message that we need to deliver. And that’s the message we need to work on delivering. It’s a winning message, but it’s a difficult message to get to because the gateway issue of immigration stands in the minds of so many people who we live next to and love.

With the nation's eyes on Florida's Republican primary next week, the speech gave Rubio the opportunity to step up as a leader on the immigration issue. The Florida Senator's rhetorical gifts and genuine charisma underscored the weakness of the 2012 Republican field, and presented Rubio as the man who can give his party the positive message it needs to win elections.

Read the whole speech here, or watch the video below. 

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Source: http://feedproxy.google.com/~r/businessinsider/~3/tJ8SysEers0/marco-rubio-immigration-speech-republican-nomination-2012-1

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Bankruptcy? Don?t Get Messy From it

Despite the serious quick and long-term effects linked to filing bankruptcy, the number of people filing bankruptcy lately continues to be on the increase. It is estimated that 5. 4 people out of 1000 filed for bankruptcy a year ago and that this rate continues to be growing at an average of 7%. The alarming [...]

Source: http://www.legaldebthelponline.com/2012/01/26/bankruptcy-dont-get-messy-from-it/

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A Cautionary Tale About The Dangers Of Zombie Mortgages


Zombie

Want living proof zombies exist?

Look no further than Ron and Shelia Bower, the Topeka, Kan. couple featured in Michelle Conlin's Reuters article about what happens when mortgages come back from the dead to wreck havoc on homeowners' credit. 

Jumping at the chance to refinance their suburban ranch in July 2009, the Bowers were thrilled at the prospect of saving nearly $200 each month. (See how to make refinancing work for you.)

But when an old Wells Fargo loan came knocking, they wound up in the poorhouse—and the courthouse. 

Long-story short, the Bowers were approved for the new loan, used the money to pay off their old one, then received a confirmation from the bank saying everything had gone through.

A month later, Well Fargo reverted the mortgage back to the original loan's 7 percent rate, and the Bowers were slapped with $3,000 in late fees. 

"To Wells Fargo, it was as if the refinance had never occurred," writes Conlin. "Yet Wells Fargo then reported two mortgages to the credit bureaus. That lowered the couple's credit score to the point where they couldn't obtain their son's new student loans."

Things got really nasty from there. The bank insisted the Bowers had two mortgages, which the Bowers flatly denied. They responded by filing a lawsuit and only making monthly payments for the new, refinanced loan's amount. 

When Nov. 2010 rolled around, the Bowers were facing foreclosure. 

Whether Wells Fargo is in the wrong will be determined in court, but there's a lot we can learn from the Bowers on what not to do when your old mortgage turns into a zombie.

Said John Ulzheimer, president of consumer education at SmartCredit.com: "It seems to be a slam-dunk, based on what's written in the article, but there's a lot this story might not be telling us." Based on what we do know, here's his advice: 

Never miss a closing. Wells Fargo alleges the Bowers missed their closing, which is a very bad move. "There should be something in that closing paperwork that talks about how they're obligating themselves, and whether a new lender would pay off the old lender," said Ulzheimer. Not only that, it makes them look irresponsible in a court of law. "Being ignorant of your obligation is no excuse," said Ulzheimer. "That puts a gaping hole in the chonology in their perspective and they need to know that all this stuff has happened." 

File a legitimate dispute with all three credit bureaus. Nowhere in the story is there mention of the couple doing this, which leads Ulzheimer to believe there was more to the Bowers' score than meets the eye. The Bowers may have had lousy credit to begin with and wrongly perceived the foreclosure as the black mark that took their ship down. 

But filing a dispute—regardless of your score—is important in times like this, said Ulzheimer. FICO, the credit score most lenders use to determine your credit risks, tends to defer to the credit furnisher (in this case, the mortgage lender). so if something's amiss, it's on you to speak up and get an all-important notation put in your file. 

"While the account is in dispute, it's not hurting your score as long as that notation is one the account that's it's being investigated," Ulzheimer said. "That doesn't mean it's not on the credit report anywhere, visually it just means FICO doesn't consider it."

Keep making your mortgage payments. You might be livid and totally strapped, but do what you can to make your payments on time. "(What the Bowers are doing) is not good because now Wells Fargo can take the position that their mortgage is in default and they would have had to close on it, anyway. Paying the mortgage would put them in a better position from a credit damage standpoint. It's always a better argument to say, we always make our payments on time." 

Trust us, if these homeowners could bounce back from foreclosure, hopefully the Bowers can too. 

Get the full story of of the Bowers' zombie mortgage saga on Reuters

Now see how to strategically default on your home and live scott-free for years > 

 

 

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Source: http://feedproxy.google.com/~r/businessinsider/~3/TasA7-OUjrU/a-cautionary-tale-about-the-dangers-of-zombie-mortgages-2012-1

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More Than Money

By Amy Hammond Hagberg
Originally published in the December 2011 edition of
Living With Teenagers magazine, © 2011, LifeWay Press®. Reprinted with permission.

When financial guru Dave Ramsey found out his 15-year-old daughter, Rachel, had bounced three checks, he didn?t yell or get angry. Instead, he told her in a calm voice that the following day she was to go down to the bank and apologize.

As her mom waited in the parking lot, Rachel walked through the big glass doors of the bank, down the long hallway to the branch manager?s office, and knocked sheepishly on the door. She was scared.

?What can I do for you, Miss Ramsey?? the bank manager said with a quick smile.

?Well, I?m here to apologize to you for lying.?

?Excuse me?? he said.

?I told you I had money in your bank to spend, and I didn?t. That?s a lie and I?m sorry.?

He started laughing. ?Did your father tell you to come down here and say that to me??

Rachel learned an important lesson that day and hasn?t bounced a check since. She also learned that owning up to mistakes can have unexpected payoffs?after her apology, the bank manager waived her overdraft fees.

The House that Ramsey Built

Dave Ramsey is one of America?s foremost experts on personal money-management. Starting from nothing, he had a net worth of more than $1 million and was making $250,000 a year by the time he was 26.

He also had a lot of debt. After fighting it for more than two years, he and his wife lost everything. He went on a quest to find out how money really works and slowly worked his way out of the red. In 1992, he formed The Lampo Group to counsel people hurting from the results of financial stress.

Since then it?s been an impressive rise to fame. His New York Times best-selling books?Financial Peace, More Than Enough, and The Total Money Makeover?have sold more than 6 million copies combined. His latest book, EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches, released in September. His nationally syndicated radio show is heard by 4.5 million listeners each week on more than 500 radio stations.

He is also the founder of Financial Peace University, a 13-week program that helps people dump debt, get control of their money, and learn new behaviors that are founded on commitment and accountability. More than 1.5 million people have attended FPU classes.

Growing Up Ramsey

The Ramseys? growing financial statement didn?t change the way they raised their children. In fact, Rachel didn?t really know that her father was successful until strangers started recognizing him when she was in her mid-teens.

?Our lifestyle didn?t change much,? she said. ?We went on nice vacations and things like that, but nothing extreme ever happened. It wasn?t like one day Dad suddenly said, ?We?re going to buy whatever we want.? I don?t want to say they were frugal. They enjoyed their money, but they were not lavish or very showy.?

Early on, Dave and Sharon Ramsey taught Rachel and her siblings the importance of saving, spending, and giving, along with how the decisions they make with their money reflect their values.

?My parents worked hard for the money they earned and they wanted us to make that connection,? she says. ?So we worked and had a commission as kids. We never were given an allowance.

"You work, you get paid. You don?t work, you don?t get paid. Like in the real world. We learned that when we were 5 years old.?

Saving was a top priority. Despite their father?s success, turning 16 in the Ramsey house didn?t mean getting the keys to a new car and a full tank of gas.

?Mom and Dad told us growing up that they weren?t going to pay for our cars when we turn 16. They would pay for half of them and would match whatever we had saved. We had a goal for saving, and we learned how to spend money wisely.?

Rachel worked hard and was able to save $8,000 by the time she was 16. When her parents matched her cache, she was able to purchase a $16,000 car?not bad for a high school student.

Since her parents refused to be an ?ATM,? Rachel learned fiscal responsibility was by managing her own checkbook. When they turned 15, each Ramsey kid opened a checking account. Each month, their parents deposited the money they would normally spend on the kids? food, entertainment, clothes, gas money, and any other expenses. Then, they put the kids in charge of managing those funds with a checkbook and debit card.

The Ramseys also stressed the importance of giving. ?Even when my parents didn?t have a lot, they were always helping others. I?ve learned through my parents how great blessing others can be.?

Rachel?s Personal Mission

After graduating from The University of Tennessee in 2010 with a B.A. in communication studies, Rachel joined Dave?s team full time. Today she?s passing on her father?s financial principles to her generation at high schools, colleges, and youth conferences. Get more information.

?I feel very strongly about reaching my peers with this message,? she says. ?I can use the platform my dad has built to reach even more teenagers and young adults.?

Young people often make bad financial decisions that affect the rest of their lives. One of the biggest mistakes is getting caught up in the trap of credit cards.

?If you can?t afford it, you don?t need to buy it,? Rachel shares. ?Save and pay for everything with cash. Use a debit card. Your debit card works just as well as a credit card, but you actually have money in the bank.?

In Rachel?s view, student loans, which can lead to as much as $26,000 in debt, are also a bad idea. Instead, she recommends using a pay-as-you-go strategy.

?If the average college student works 20 hours a week, they can pay their way going through a state school,? she explains. ?The financial aid office will work with them so they can cash flow their way through a semester.?

A private school can cost five times as much as a state school, so Rachel tells students that if they can?t afford to go to a private school and pay cash, go to a state school or community college.

?It?s an amazing thing when you can graduate from college completely debt free, not owing anyone anything.?

Debt-Free Matrimony

In 2009, Rachel married Winston Cruze. Before they walked down the aisle, they went through Financial Peace University together and made sure they were on the same page when it came to money.

?Even though I grew up learning how to handle money, I had never had to share the responsibility with anyone else,? she points out. ?Now Winston and I sit down each month and have our budget meeting. We lay out a plan for our money and agree to stick to it. Working together when it comes to finances has allowed our marriage to be strong from the beginning and focus on good times rather than fighting about money.?

?It?s hard for me to stick to it,? she admits. ?I?m the spender. Winston is a saver. There needs to be some balance in your marriage to get the budget to balance and to work.?

The Graduate Survival Guide

There are so many questions when you go to college. On campus or off? Used books or new? Find a roommate or live by yourself? Do you sign up for that credit card to get a free meal or is that a scam?

The Graduate?s Survival Guide is a resource guide for incoming college students to find the answers they need about college life. It covers everything from meal plans to scheduling classes to housing options. You don?t have to read it cover to cover or watch the entire DVD. You can flip it through to easily find the information you are looking for.

AMY HAMMOND HAGBERG is a veteran writer, speaker, and radio host. She recently co-authored (with David Parnell) Facing the Dragon: How a Desperate Act Pulled One Addict Out of Methamphetamine Hell (Health Communications, 2010). Amy lives with her family in Buffalo, Minnesota.

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Source: http://www.daveramsey.com/article/more-than-money/lifeandmoney_kidsandmoney

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Blazing Hot Semiconductors Bound To Cool Off

To look at some of the major exchange-traded funds for the semiconductor industry is to see what most would consider a pure picture of strength. Nothing goes up in a straight line.

Source: http://www.forbes.com/sites/greatspeculations/2012/01/26/blazing-hot-semiconductors-bound-to-cool-off/

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AOL May Be Going Down The Yahoo Road

As AOL's Web access and subscription businesses continue to decline, it will hope that its advertising revenues register double-digit growth soon, after the 8% it managed in last year's third quarter. The looming possibility of AOL going the Yahoo way and selling its stakes also exists.

Source: http://www.forbes.com/sites/greatspeculations/2012/01/26/aol-may-be-going-down-the-yahoo-road/

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Legal Debt Relief Options ? Debt Settlement Negotiation Vs Bankruptcy

Legal Debt Relief Possibilities – Debt Settlement Negotiation Vs Bankruptcy Legal debt relief choices have different pros and cos. Some of these legal debt relief possibilities have more pros than cons and some have a lot more cons than pros. In the case of insolvency and settlement settlement has more pros to supply and insolvency [...]

Source: http://www.legaldebthelponline.com/2012/01/25/legal-debt-relief-options-debt-settlement-negotiation-vs-bankruptcy/

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Green Mountain Climbing Back To $61 With More Potent Distribution

Green Mountain expects to distribute Starbucks K-Cup portion packs and Keurig single-cup brewing system distribution through Starbucks stores later this year.

Source: http://www.forbes.com/sites/greatspeculations/2012/01/26/green-mountain-climbing-back-to-61-with-more-potent-distribution/

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