Home Mortgages

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 176-June 25 “The old woman triumphantly announced that she had borrowed enough money to pay all her debts.”—P.L. Lord Anyone who has ever bought a home has been dismayed to find out how interest is amortized over the life of the conventional thirty-year mortgage. During the first fifteen years of the loan, the majority of the loan payment is interest. In fact, for the first five years, it’s almost all interest. It’s not until the twentieth year of the mortgage that the monthly payment is even half interest and half principle. Not to mention the fact that after paying for thirty years, depending on the … [Read more...]

Market Research

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 173-June 22 “We jump off buildings and make our wings on the way down.”—Ray Bradbury It was 1990, and the recession was in full swing in California. I had survived in business one year after losing my biggest customer and most of my clients and friends knew about it. Now they were afraid as business prospects diminished, money got tighter and “lean and mean” became the business order of the day. I started getting a flood of calls that sounded like this: “Chellie, things are getting difficult. When you had your problems last year, what did you do? Somehow you survived a major downturn in your … [Read more...]

New Projects

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 172-June 21 “I never did a day’s work in my life. It was all fun.”—Thomas Edison When requested to fit a new project into my calendar, I ask myself these three questions: 1. Is it going to do a lot of good? 2. Is it going to be a lot of fun? 3. Is it going to make me a lot of money? This is the first test, and at least two out of three answers must be yes. Then I ask two more questions: 1. Is it going to take a lot of work? 2. Is it going to take a lot of time? Hopefully, the answers to these questions are no. If they are yes, I have a final question: 1. Is it worth doing … [Read more...]

Choosing the Right Goal

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 171-June 20 “Life is lived on the road—not at the inn.”—Spanish proverb Many people have asked me how to choose the right goals. Or they anxiously cry that they don’t know what they want. I tell them, “Your best guess for today will do.” It doesn’t have to be the right goal, the best, brightest or perfect goal. Any old goal will do. Its purpose is to get you out on the road experiencing life. Once you’re on the road, anything can happen. It’s like you’re sitting in your car in Dallas, Texas, wondering whether you want to drive to New York or San Francisco. You can sit there for years, asking … [Read more...]

Dreams, Luck, and Diligence

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 170-June 19 “By the streets of ‘by and by’ one arrives at the house of ‘never.’”—Miguel de Cervantes Dreams and goals are not the same. Just thinking how nice it would be to have a bigger house, a new car, a business of your own, the relationship you’ve always wanted, a vacation in Europe, a diamond ring, or a vacation home, won’t get it for you. The dream is there to spur you to action. It is not action itself. Some people seem to think that good things happen to people through sheer luck. They think that other people in life are just luckier than they are—that they have these things through some … [Read more...]