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Seven Steps to a Responsible Financial Game Plan

Of the 11 million homeowners who owe more on their homes than the home is worth, approximately 6.5 million have never missed a payment reported Dale Westhoff of Credit Suisse Group AG.

Meanwhile subprime borrowers who received mortgage modifications (like reduced payments of more than 40%) in 2010 had a payment default rate of 19% after only 12 months, said Laurie Goodman, an analyst at Amherst Securities Group LP.

It seems backwards.

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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post.

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Does Your Budget Resemble the U.S. Government Budget?

A Balanced Budget by definition: Income = Spending

If your Budget has a running deficit there are only three possible solutions to turn that into a Balanced Budget:

  1. 1. Reduce your spending
  2. 2. Raise your income
  3. 3. A combination of 1 and 2

Logically we know that you cannot decrease a deficit by borrowing more. But, that is exactly what our Government is doing.
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Steve Booren

Steve Booren

Steve Booren is the Owner and Founder of Prosperion Financial Advisors, located in Greenwood Village, Colo. He is the author of Intelligent Investing: Your Guide to a Growing Retirement Income and a regular columnist in The Denver Post.

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Follow Me:
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