Gunning Daily News
November 11, 2011 2:06 pm
Prepayment penalty. Fee charged by the lender when a borrower repays the loan early.
November 11, 2011 2:06 pm
Q: What is the difference between appraised value and market value?
A: A certified appraiser who is trained to provide the estimated value of a home determines its appraised value. The appraised value is based on comparable sales, the condition of the property, and several other factors.
Market value is the price the house will bring at a given point in time, once the buyer and seller establish a “meeting of the minds” on price.
November 11, 2011 2:06 pm
'Tis the season for holiday entertaining -- and there's nothing more festive than a beautifully decorated dining room. Whether you're planning an open-house gala or an intimate dinner with family and friends, the following tips, provided by Ashley Furniture HomeStore, will help to transform one of the most popular holiday gathering spots in your home:
• Add a festive accent rug. Using an accent rug is a quick and relatively inexpensive way to make a seasonal statement in any dining room. Choose warm colors, or add a vibrant splash of holiday color with a Scarlet hue. Keep in mind, when placing an accent rug under a dining room table, it should extend a minimum of two feet beyond each edge of the table, so it's easy for guests to sit and stand without catching the chair's legs under the rug.
• Design a beautiful centerpiece. After you've chosen your table cloth or festive table runner, it's time to think about the centerpiece. For autumn celebrations, it's all about yellows and oranges, pumpkins and sunflowers. For an easy DIY centerpiece, arrange colorful autumn corn in a clear glass bowl or tie it together to create a maze "bouquet." Add an assortment of small, colorful gourds to accent. For a festive holiday display, consider using a beautiful natural centerpiece, like a decorative tabletop spruce, classic red and white holiday amaryllis, poinsettias (pink, red or white), or a fresh pine and berry wreath with a candle in the center.
• Choose inviting aromas. The right scent can conjure up warm feelings of family, friends and fun. For the ultimate holiday vibe, place scented holiday candles around the room or showcase them in elegant candlesticks. If small children are around, be sure to place candles at a safe distance. Some of the most popular seasonal candle scents for holiday entertaining include evergreen, pine, eucalyptus, cinnamon, pumpkin and nutmeg.
• Infuse your own traditions. Holiday entertaining is all about family and friends. Create a new take on family traditions or vintage holiday pieces by adding your own twist. For example, introduce a silver or gold jewelry tree into the space—adorn it with ornaments passed down from generation to generation, or small framed pictures of family and loved ones. Drape grandma's favorite holiday lights over the fireplace mantel or her favorite red berries strings over a chandelier. No matter what you choose to do, you'll add a truly personal touch to your space.
• Consider a new dining room set. Maybe you've outgrown your dining room table or it's seen better days, it may be time to purchase a new set.
For more information, visit www.AshleyFurnitureHomeStore.com.
November 11, 2011 2:06 pm
The person who coined the phrase “time is money” must have been a sales rep paid on commission. In the real estate profession, the old cliché rings true: if you’re not talking to a prospect or client, you’re unemployed. As a real estate professional, how effectively do you manage your time? Do you spend your time as you would any other precious, nonrenewable asset, or are you the type of salesperson who is stressed-out, constantly jumping through hoops and consistently running late for meetings and client appointments?
We measure time far better than we manage it. In today’s high-tech world, physicists have become extremely proficient at measuring time. The atomic clock, based on strontium atoms trapped in a laser grid, is so precise that it has an inaccuracy of less than one second in 200 million years.
While we can all agree on how to measure time, we each tend to approach time management from our own personal perspective. Look at all the ways we view the use of time—we waste it, we save it, we spend it, we invest it, we borrow it, we steal it, we juggle it, we squander it, and we always seem to be looking for more of it. We have time wasters and time bandits and sometimes, in those rare moments when we find we have too much time on our hands, we even kill it. Time flies when we’re having fun, but tends to drag for those who are doing time. For some people time stands still, while others see time slipping away, like sand through an hourglass.
I am convinced that the improper use of time is the number one contributor to high turnover in the selling profession. I wish I had a nickel for every smart, talented and motivated salesperson who failed because he or she simply couldn’t or wouldn’t effectively manage their time properly.
Time Management Tips
1. Plan your schedule the night before and hit the ground running. When you’re not in control of your schedule, you invite stress to fill the void. Set and prioritize meaningful tasks to be accomplished. Whether it’s an appointment calendar or a software program, the critical first step to properly managing your time is to organize and schedule your day. Be careful not to confuse activity with productivity. For example, don’t just block off a couple of hours to make calls. Instead, set measurable activity goals to be accomplished, as much as 25 phone calls per day.
2. Identify your time bandits. Once you’ve scheduled your day, the next step in managing your time is to recognize and modify old behavioral patterns regarding the improper use of time. Avoid procrastination in all of its attractive forms. Having a planned schedule helps you say no to time wasters such as Web surfing, personal phone calls, long lunches and chatty coworkers. An open door invites continuous distractions. Effective real estate professionals focus on task achievement rather than tension relieving diversions.
3. Delegate. Ineffective salespeople “play office” and hide behind paperwork. Make a smart business decision and delegate all non-sales related tasks to an administrative assistant in order to free yourself up for client appointments and prospecting phone calls.
I encourage you to reduce your stress level and give yourself a pay raise by integrating these simple, yet highly effective time management tips into your daily business routine and remember, there’s no time like the present.
John Boe presents a wide variety of motivational and sales-oriented keynotes and seminar programs for sales meetings and conventions. Boe is a nationally recognized sales trainer and business motivational speaker. For more information, visit www.johnboe.com or call 937-299-9001.
November 11, 2011 2:06 pm
The credit card fee changes of a few several months ago are designed, like previous changes, to protect consumers by adding clarity and transparency to interactions between card issuers and holders.
However, as these new rules take away revenue opportunities for card companies, issuers are raising other fees or creating new ones to compensate. Money resource Bills.com cautions consumers to be aware of the new rules and also learn how to avoid new fees.
In order to avoid these fees, personal money resource Bills.com shares the following strategies consumers can employ to better avoid additional charges that have arisen because of changes outlined in the Credit CARD Act.
1. Monitor your communications from your credit card issuer. One of the best ways to stay abreast of changes specific to your cards or situation is to closely monitor information sent from your issuer. New regulations require much greater disclosure on all changes, so any update will be sent to your attention. Be alert for all mailings and read them carefully before throwing away or destroying.
2. Maintain prompt payment status with your credit card company. Despite all these changes, the simplest way to avoid fees is to pay your credit card bills on time. By missing or being late on a payment you will incur fees, potentially increase your interest rate and lower your overall credit score.
3. Pay down high balances to improve credit card utilization. This will show that you can responsibly manage your credit limit, minimizing the chance of higher tiers of interest rates or reductions in credit limit. Additionally, better credit utilization will help boost your credit score.
4. Maintain activity on your credit card accounts. By using the revolving credit lines that you need or want to keep and promptly paying on them, you can help avoid cancellation of those credit card accounts. This will also help avoid faux inactivity fees and help boost your credit score, while having a long existing credit line closed could lower your score.
5. Avoid over-limit fees through responsible spending habits. Credit card issuers have begun to charge fees for opt-in over-limit coverage. By remaining aware of credit limits and balances, consumers can avoid a need for this service and these fees altogether.
6. New regulations do not apply to corporate or small business cards. This means some small business owners might consider using personal cards for business expenses because of fee and rate limitations. However, these owners should remain cautious because their personal credit scores could suffer in the event of missed payments or defaults. Conversely, be aware of companies that are increasing solicitations for corporate card members to avoid new regulations.
For more information, visit www.bills.com.
November 11, 2011 2:06 pm
It's going to take more than a cold or flu to get between most Americans and their jobs this cold and flu season, according to a new survey by Halls. The national telephone survey found that most working Americans won't sacrifice a sick day this year for most cold and flu symptoms, including a cough, sore throat, body aches and sinus headache. In fact, nearly half of Americans (44 percent) would consider going to work with a fever, and more than a third of Americans (32 percent) said they would show up to work no matter how sick they get this season.
The results aren't all that surprising based on the country's current economic conditions. With an unemployment rate upwards of nine percent this October, according to the latest U.S. Bureau of Labor Statistics, the survey revealed that one in five Americans (19 percent) feel pressure by their boss or supervisor to head into work when they're sick. One in three (31 percent) Americans said they wouldn't get paid for taking off on a sick day, and one in 10 (11 percent) said they would likely fall behind on their bills by taking a sick day. Additionally, more than 10 percent of Americans thought they would not likely receive their next pay raise or promotion, or worse, would lose their job for calling out sick.
When it comes to being prepared this cold and flu season, there are many preventative measures that can be taken in an environment with people who may be sick, including:
• Get Your Flu Shot – The Centers for Disease Control (CDC) recommends a yearly seasonal flu vaccine as the first and most important step in protecting against seasonal influenza. However, the good health habits and practices described below can also be helpful.
• Wash Your Hands Often – Wash your hands frequently with soap and warm water for at least 20 seconds – that's roughly the time it takes to sing "Happy Birthday" twice. Remember, when soap and water are not available, an alcohol-based hand sanitizer is a good alternative.
• Cough or Sneeze into Your Elbow – If you don't have a tissue, cough or sneeze into the bend of your elbow to prevent the spread of germs.
• Disinfect Common Surfaces – Germs can live for hours, and in some cases, weeks, on common surfaces. Use a disinfectant regularly to wipe and clean doorknobs, phones, remote controls, toys, computer keyboards, and any other items that are shared at home or at the office.
• Practice Good Health Habits – Encourage your family to eat right and exercise. Diets rich in fruits and vegetables provide a loaded source of immune boosting nutrients. Exercising, whether you're walking or playing outdoor games, builds up immune cells in the body and can help you feel more energetic and healthier while increasing your immunity to certain illnesses.
• Drink Plenty of Fluids – Hydrate your body by drinking eight to 10 glasses of water a day to help flush out the system, and to keep your throat moist.
• Rest and Relax – Get as much rest as possible, and try to sleep at least eight or nine hours per night to rejuvenate your body. In addition, try using relaxation techniques that are at your disposal, such as massage, yoga, and meditation.
• Get Fresh Air – A regular dose of fresh air is important, especially in cold weather when central heating dries you out and makes your body more vulnerable to cold and flu viruses. Also, during cold weather more people stay indoors, which means more germs are circulating in crowded, dry rooms.
• Stock Up on the Essentials – Despite taking all these steps, you still may get sick this winter. Be prepared by stocking up on cough drops, tissues, soup, hand sanitizer, vitamins and fever reducer while you're still healthy.
November 11, 2011 2:06 pm
Principal. The amount of money borrowed; the amount of money still owed.
November 9, 2011 4:46 pm
With so much uncertainty in the current economic climate, one thing’s for sure: protecting your financial health is a top priority. For some who may have lost their jobs—or may know someone who has—there’s a lot to consider.
From health insurance to your plans for retirement, read these tips from Family Wealth Management Group, LLC to help protect your assets and financial future.
—Evaluate your financial health. Review your income, expenses, assets and liabilities. Don't wait until your savings is depleted to alter your spending habits. Even if you have an emergency fund, pinching pennies now will help ensure that money is there when you need it.
—Review your health insurance options. If you have lost your job, some workers and their families (who might otherwise lose their health benefits) have the right to choose to continue group health benefits provided by their group health plan for limited periods of time under the Consolidated Omnibus Budget Reconciliation Act (COBRA) and the Health Insurance Portability and Accountability Act (HIPAA).
—Investigate unemployment benefits. Workers who are unemployed through no fault of their own and meet other state eligibility requirements, may be eligible to receive unemployment benefits under the Federal-State Unemployment Insurance Program.
—Plan for retirement. Review your pension plan, 401 (k), IRAs, Social Security benefits and other savings plans to assess whether they meet your long-term retirement goals and will generate an income stream to meet your projected expenses.
—Protect your assets. Review your life, disability and long-term care insurance coverage, especially if you are the primary breadwinner. Are they portable (i.e. can you continue the coverage at your present group rate), once you are no longer employed? Ask your financial advisor whether individual coverage is appropriate in lieu of the group coverage and/or to supplement the group coverage.
—Analyze your spending habits. How much do you spend on trips to the market, afternoon lattes, video rentals or dry cleaning? Try to eliminate a portion of these expenses. Home-brewed coffee can shave four dollars a day from your food budget and save up to $120 a month.
—Call your creditors before you fall behind. Don't let the default notices pile up before calling your lenders and credit card companies. These days, many companies are willing to defer or temporarily lower payments, while you look for employment.
—Re-define your financial goals. Redefine where you see yourself in five, 10 or 15 years. You may not be able to retire when you expected to, or pay outright for a four-year college, but instead of saying, "I can't afford it" set new goals and ask, "How can I afford it?"
—Meet with a licensed financial professional. Get professional advice about investment losses, financial products, insurance coverage and other important issues. Addressing your current situation and making choices based upon your new reality will help rebuild your self-confidence and your bottom line.
November 9, 2011 4:46 pm
Many kids are naturally new-food phobic,” asserts registered dietitian Julie Burns, who is also the mother of 7-year old triplets. “But getting them to eat more of the right foods may not be as difficult as you think.”
For parents hoping to expand and improve their children’s eating habits, Burns shares eight of her tried-and-true tips:
• Stick to a schedule – Kids need three meals, two snacks, and lots of fluids daily. If you will be out and about during the day, take along some whole grain crackers, baby carrots, pretzels and bottled water so you don’t have to rely on fast food.
• Don’t be a short-order cook – Instead of cooking separate dishes you know your kids will eat, plan meals with a variety of wholesome foods kids can choose from. As family dinners become routine, kids will begin to follow your example and drift toward a more balanced diet.
• Have some fun – Calling broccoli spears “baby trees” or deviled eggs “dinosaur food” helps make foods seem more appealing. Kids who invent names for a variety of foods are more apt to try them. Also, smiley-faced pancakes or sandwiches cut into triangles are usually better—received, as are anything “mini-sized.”
• Dip it – Veggies may be more appealing dipped into ranch dressing or hummus. Try dipping apple slices into low-fat sour cream with a bit of brown sugar added.
• Bite your tongue – Try not to comment on what or how much your kids eat. The more you exhort kids to “eat your veggies,” the more they will resist. Stay neutral, keep serving healthy choices, and watch their eating habits improve.
• Count on breakfast – Whole grain cereals, with or without some sugar, appeal to young children. Try pancake batter made with whole grain flour, sneak in some fortified soy milk, or cut whole grain bread into cookie-cutter shapes for toast.
• Get the kids in the kitchen – When they are old enough, kids can help prepare banana muffins, fruit salads, and other simple foods containing fruits and veggies. If they help make it, they are much more likely to eat it.
• Allow occasional treats – There is nothing wrong with allowing candy or soda once in a while, especially if you are on vacation, at the movies, or at Grandma’s house. Foods that are always strictly forbidden are more likely to be coveted by your kids.
November 9, 2011 4:46 pm
Many people hear the terms “interior designer’ and “interior decorator” thrown around, but they may not understand the difference. According to Cliff Welles, an NCIDQ-certified, practicing interior designer for over 10 years, each job has its own distinct characteristics, with a layer of overlap in between.
“Designers tend to produce more drawn information and plans, whereas Decorators are more associated with personal presentations to clients on space planning, furnishings, palette, and finishes, often (but not always) in residential settings, sometimes including drawings,” writes Welles in the blog Decorating Den.
Welles offers the following explanation on the difference between interior design and interior decoration:
Interior design entails creative and technical solutions applied within a building to enhance the environment to suit the needs of the client. The clients here are often corporate committees or boards. The interior design process includes research, analysis, and integration of knowledge into the creative process.
Depending upon state regulations, many professionals who usually work on residential projects that a ‘decorator’ is also qualified to do refer to themselves as ‘interior designer,’ partly because there can be interior re-construction, lighting changes, or specification of surface materials and trim elements in the planning process before the ‘decoration’ is applied. Decorators do the very same things in residences.
Interior decoration typically involves residential space planning, color palette, floor and wall surfaces, window treatments, furniture, accessories, and lighting—particularly for residential applications—and also incorporates elements of functionality and utility, as well as aesthetics. Thus, residential designers and decorators often are involved with selling style and home furnishings rather than ideas and drawn plans for commercial spaces. The career focus is largely a matter of preference or interest, as is the nomenclature (unless regulated by the state).