How to get a Mortgage Loan with Bad Credit

Are you like the millions of people out there that have been hit extremely hard by the economic downturn? Are you looking for a new home but you have terrible credit because of the unexpecting events of the economy? Well there are ways to get a bad credit mortgage loan, believe it or not! First it starts with rebuilding your credit. You should have at least one credit card that you use for almost all your purchases. Forget using cash, use your credit card for everything. However with this said, make sure you never spend more then you can afford. Keep track of your expenditures and make sure you never over spend. Each month when you get your credit card bill, make sure you pay off the entire balance. This will show that you are a responsible person. Thats what creditors like. This is the number one step in rebuilding your bad credit, so that you are on your way to getting a mortgage loan.

The Future of Video Games = ONLIVE

I have to say, I'm not a video gamer by any means. The last system I owned was a Sega Genesis back in the mid 90's. I was pretty awesome at the hockey games. Now as someone who hasn't been playing video games for a long time now, I have come accross a new gaming system that I feel has the chance to really change game play, and the demographics of players. It is a cloud server based system. This means that you don't large consoles. It will allow you to play games on your PC, or Mac, with a simple software plugin, or on your television with a micro console. It's called Onlive, and I feel it is the future of gaming.

Why is Onlive such a great innovation? It's simple. The system allows gamers to be able to play games from their laptops, anywhere there is a broadband connection available. This means that adults can play on their lunch break, on business trips, or even while the boss isn't watching (not recommended). Kids and teens will be able to play games without the need for expensive computers or consoles. Onlive will be able to work fine on any Windows '95 and newer computer, according to some reports. This means that people of just about any socioeconomic background will be able to play games of the same magnitude as each other.

When will this new system come out? Well, Onlive beta testing is scheduled to begin this coming summer, with the official public release coming this winter. I'm looking forward to it, even though I'm not a huge gamer. Are you?

Another Great Depression never happened

Just a quick little entry. A couple weeks ago I did a blog post claiming that we would NOT have another great depression in the United states. Now it is very obvious that the economy will NOT fall into a great depression. The economy is turning up in several leading indicators. The housing market is picking up, and the stock market is going up almost daily.

Will another great depression happen in the future? Sure it is possible, but I truly believe that we learned from the first one. The government is better prepared to fight off a possible depression, and after this major recession they will be even more prepared. You have to understand that during the Great Depression, there was no federal reserve monetary policy available. They could not simple cut interest rates to encourage lending by banks.

A great depression in the future is possible, though not likely. We came pretty close this year, but the efforts by the federal reserve and government (through fiscal policy) fought it off. Perhaps if this was 1920, we would have fallen into a deep depression, but the tools we have now prevented that.

Quick Way to Get a Promotion at Work

I know this blog is about being an entrepreneur. However all entrepreneurs need to start somewhere. Everyone wants to be promoted at work. Here is a quick and easy guide to getting that promotion that you want. If you follow these rules, you will be first in line for the promotion. You will find it to be a quick way to get a promotion at work.

1 - Be very friendly to ALL your co-workers. Even if you hate their guts, at least try and get along. If you feel an argument brewing just step aside, gather yourself and explain your side of the argument in a calm, cool way. Bosses want employees that can get along in a civilized manner.

2 - Make certain that everyone above you thinks and/or knows that you are a hard worker. You can do this by showing up to work early (before most of the top executives get there), and leaving after most of them leave.

3 - Work Hard! It is your career. Is it really necessary to play on your IPhone, or visit websites that help you make an income away from your job? When your at work, WORK!

4 - Don't be afraid to disagree. Your boss doesn't want people under him that constantly agree with every idea he or another top executive comes up with. If you disagree, then let him know, and explain your reasoning in a civilized manner. This is of course if you really do want a promotion at work :)

5 - Smile. Try to smile as much as you can. Your boss wants employees that are happy with their work, friendly to others, and in a good mood most of the time.

6 - Be more then an employee. You can be friends with other workers, especially those above you.

7 - Work with the mindset that you own the company (without ordering others around). If you follow this rule, and work as though any profits that the company you work for takes in go directly into your pocket, then your bosses will love you. These are the types of employees that get promotions and raises.

When it comes to asking for a promotion or raise, do so in a formal manner. If you are rejected for the promotion you want, don't argue. You can simply let your boss know that you may have to submit your resume to some other companies.

If you follow these simple rules, you should see both your job ranking and salary increase.

How the Toxic Asset Plan Helps Me

Well, the new plan is out. The goverment will buy up toxic assets from troubled banks. After doing this they will sell them at discounted prices in an auction format. How will this toxic asset plan help me and you? It's quite simple.

The new plan will be put into motion with tax payers dollars, so all Americans will be paying for the solution (However the tax might not be as big as we all think, since these bad assets still have good value). You won't see any immediate effects, but it certainly will help the banks. I know, I know. This isn't what you want to hear. However, the way I see it is that it really is the only solution. We will all see results in the future. It will be easier to obtain loans. We will be able to get mortgages at lower rates. We will be able to refinance our mortgages at lower rates. Entrepreneurs will find it easier to obtain business loans at low interest rates.

With the increase in loans being made, the country becomes more productive. The Stock market will increase, there will be more jobs, and real estate values will start to inch their ways back up.

The negatives of this plan?
- Increase in taxes (pehaps only a small amount).
- Increase in inflation as the economy begins to pick up.

All in all, I feel this is a good move on the part of the government that should and will work.

Green Technology will Finally Work

It seems like the country has been trying to go "green" for the past 25 years. Year in, and year out we hear about the future which includes electric cars, solar power, wind power, advanced hybrids (like the Aptera 2e), less reliance on oil, and energy efficient appliances. Finally I believe we have a president and an administration in Washington who is seriously trying to put this country on a "Green" Path.

Going green certainly won't be easy. However, doing so will put less pressure the US economy and cause less destruction to the environment. If we can rely more heavily on solar, wind, natural gas and electric power rather then oil, it will make the United States more independent as an economy. If there is such a thing as reverse globalization, then this would be it. The more independent the US economy is, the better.

Global warming is another topic in the news a lot lately. Supposedly the environment is getting worse then we had expected. Sure, we won't live to see the devestating effects, but do we really want the Human race to end one day because of things that could have been avoided?

I'm looking for Obama to Go Green and set this country on a path that other presidents will follow. Let's all do our part.

90% Tax on AIG Bonuses

Well this is just in.  The House has approved a 90% tax on bonuses issued to AIG executives with a househouse income over $250,000 a year.  I like this move.  It's not taking back the bonuses, but taxing it to recover the taxes the rest of the American People have paid to bail them out.  

The bill passed is 328-93.

Seems like both Republicans and Democrats agree with this bill that does not only cover AIG but other corporations that received tax payers bailout money.

Nice work!