Are you searching for a mortgage in Memphis? Finding that perfect loan does not have to be a difficult task. You have many options to get a mortgage loan if you are living in Memphis. Basically there are 3 methods available to you. You can visit a local bank, a local mortgage broker or apply online.

Visiting a local mortgage broker or bank can provide you with a great way to get in touch with a local person to discuss in person what kinds of things you are looking for in your mortgage loan. There are many different Memphis mortgage brokers here is a list of just a few.

Have you been wondering whether or not you need to develop a financial budget? Here’s a simple Yes/No quiz that can help you understand your BQ or Budget Quotient.

1. Are you already short of money when there are six or more days left in your pay period?

2. Have you received at least one call from a creditor in the past 30 days?

3. Have you maxed out one or more credit cards?

4. Have you put more at least $200 in savings during the past six months?

5. Are you 30 days or more late on one or more bills (such as your phone bill or car payment?

6. Does your checking account balance average less than $250?
7. Do you have more than four credit cards?

8. Would it be a real emergency if your car suddenly needed a $500 repair?

9. Have you considered taking on a second job in order to make ends meet?
10. Have you talked with any financial institution about debt consolidation within the past 60 days?

If you answered “yes” to all 10 of these questions, your BQ is 100 and, boy, do you need to start work on a tough budget immediately.

Did you answer yes to six or more of these questions? Then you also need a budget. This is especially true if you answered “yes” to questions #3, #5, #7, #9 and #10.

If you are married, you must discuss budgeting with your spouse. It’s not enough for just you to develop a budget. You must both review your finances and agree on how much to budget for specific categories such as clothing, entertainment, gifts, pet care, cable or satellite and food.

What’s important in setting up an annual budget is making sure you have thought about all possible categories and that you have budgeted for each one realistically. Dig out all the checks and receipts you can and use them as a starting point. If you don’t have any checks or receipts to help you in a specific category, you’ll have to just ballpark an amount to begin. Then, start saving every possible receipt and check so that, at the end of every month, you will be able to see exactly how much you’ve spent by category and how this compares with its budgeted amount.

You will most likely find that you have to increase the amount budgeted in some categories and reduce your spending in others.
Of course, developing a budget is only half the battle. The other half is sticking to it. If you handle the family’s finances and don’t fell you have the self-discipline required to stick to a budget, maybe you should turn over the household finances to your spouse.

Creating and sticking to a budget isn’t easy. It takes work and determination. But it’s the only real way to work yourself out of debt and enjoy a happier, less stressful life.

For FREE help with debt and credit, subscribe today to Douglas Hanna’s free email newsletter “8 Simple Steps to Debt Relief” at

Yes, the tax season is upon with the first filing date for
some businesses being March 15, 2005. If you can’t imagine
getting your tax returns together by that date, you need not
worry. The IRS automatically gives you an extension if your
file the appropriate form. As you might expect, there are
different forms for different businesses.

An Important Note

It is vitally important that you understand that an
extension to file taxes is not an extension to PAY taxes.
The IRS will give you a break on the filing date, but it
wants the money now! If you anticipate that you will owe
taxes, you need to send in the appropriate payment. Failure
to do so could result in interest charges when you
eventually get around to filing your returns.


If you conduct business as a corporation with a fiscal
year-end of December 31st, you are required to file your
2004 tax returns on or before March 15, 2005. You can get an
automatic extension, however, by filing form 7004 before the
March 15 deadline. Form 7004 applies both to “C” and “S”
corporations and grants you an automatic 6-month extension
to September 15, 2005.

While this automatic extension applies to “S” corporations,
you should be aware of a quirk in the tax code. Since “S”
corporations “pass through” taxes to your personal returns,
the six-month extension is really only a five-month
extension. To file your personal tax returns, you must
report information from the K-1 issued from the “S”
corporation. Unfortunately, the IRS only grants automatic
extensions for filing personal tax returns to August 15,

Limited Liability Company

The IRS has never really figured out to how to handle
limited liability companies. It has settled on a policy of
avoiding the issue and simply treating the entity as a
corporation or partnership.

Limited liability companies with more than one owner
typically elect to be treated as partnerships for tax
purposes. If this describes your situation, the LLC is
required to file tax returns by April 15, 2005. You can
obtain a 3-month extension by filing form 8736. Although
form 8736 contains language regarding partnerships, you will
still use this form since the IRS classifies you as a
partnership for tax purposes.

If you are the sole owner of an LLC, you may be in for a
surprise. The IRS doesn’t recognize LLCs owned by one
person. Instead, it simply considers you a sole proprietor
and the rules for sole proprietorships apply. These are
discussed below.


If your business is a partnership, you are required to file
tax returns by April 15, 2005. You can use form 8736 to
obtain a 3-month extension.


If you are not using a business entity, your business tax
information should be reported on your personal tax return.
The due date for filing your personal tax returns is April
15, 2005. You can obtain a four-month extension by filing
form 4868.


Regardless of how your business is organized, the IRS will
automatically grant you an extension to file your tax
returns. By sending in the appropriate form, you can avoid a
mad rush that will inevitably result in missing deductions
and overpaying your taxes. Just make sure you pay any taxes
you anticipate owing by the appropriate date.

Richard Chapo is CEO of

Obtaining tax refunds for small businesses by finding
overlooked tax deductions and credits through a free tax
return review.

As teachers and students head back to school following a glorious summer, it’s time to remind teachers to organize 2004 school expenses. Under a temporary tax code change, teachers can deduct certain school-related expenses from adjusted gross income.

Educator Expense Deduction

If you work in the education field, you may be able to deduct up to $250 from your adjusted gross income for 2004 taxes. Unfortunately, the deduction is only applicable to 2004, but there is a reasonable possibility it will be extended to the 2005 tax year and beyond. As a result, you should continue to keep records so you can claim the deduction if it is extended. So, who can claim it and what can be claimed?


Under the tax code provision, “educators” are defined as a fairly broad group of professionals. You are an education if you comply with the following guidelines:

1. You teach kids in kindergarten or through grade 12;

2. You are a teacher

3. You are an instructor

4. You are a counselor

5. You are an aide, or

6. You are a principal

If you fit within one of the above positions, there is an additional time requirement that must be met. You must work at least 900 hours in an elementary or high school during the year in question. This equates to roughly half a year.


As an educator, you are allowed to deduct unreimbursed expenses you paid for school room items. Examples include books, computer programs, writing supplies and those little stars I used to love getting on my book reports. Just make sure the school is not covering the costs.

The educator expense deduction is a rather disappointing $250, but every deduction counts when it comes to taxes. Make sure you claim the deduction and keep your receipts for the write off.

Richard Chapo is with – recovering overpaid taxes for small businesses. Visit our article page – – to read more tax articles.

What a great statement!

I just heard someone use it in the context of personal and financial success and it struck me as a brilliant summary of an issue we raise in the SMG Tutorials.

Fear is a huge issue with a lot of traders. And interestingly, not just fear of failure but also fear of success.

I think there are two keys to taming fear [you can never eliminate it so don’t even try!].

The first and most critical is the one noted above – action. Action can tame fear in an instant. But it needs to be the right sort of action.

If you have a fear of heights, going bungee jumping may not be the best way to address it! But standing on a high bridge is a good first step.

In the same way, if you have a fear of losing your trading account, trying to face it down by putting it all on the line in one trade is not the best sort of action.

But taking considered, appropriate action [like the strict use of stop losses] is a way of taming fear. And getting past the paralysis stage that fear can create.

The second key is focus. By this I mean keeping in the moment and concentrating on the immediate action that is required to move you forward.

If your focus is too broad you can become overwhelmed by the possibilities. Or you might start to worry about things that are beyond your control or simply don’t matter – like what

But when you narrow your focus and remain “in the moment” in regard your trading, fear will be sidelined. The simple reason for this is that you can’t concentrate on two things at once!

And again, this will help overcome the paralysis that can be created by fear.

So if you suffer from fear in your trading – action and focus are the key!

David Chandler

Ordinary People Making Extraordinary Profits!

For a free mini-course on stock and options trading click the following link:

Or visit our blog at:

The above comments are offered for educational purposes only. We are not providing you with financial advice. We are simply sharing with you what has and hasn’t worked for us personally. If you wish to trade or invest in the stock market you should obtain advice from a registered licensed advisor.

Ever think about how eating all those fast food meals for lunch are effecting your pocketbook. Let’s do the math. You eat out 5 days a week at an average cost of $5 to $7 a day.

At $5 a day averaging 20 days a month (and some months more), but let’s just go with 20 days x $5 = $100 a month x 12 months, that is $1200 a year. You could use that $1200 for a vacation, or as the title of this article states, start your own retirement fund. You do the math. Let’s say you are currently 30 years of age and you save that $1200 a year x 35 years (retiring at age 65) = $42,000. Now that is just a straight $42,000 not invested in a mutual fund, IRA, or any type of fund that would pay some interest or grow over the years. It is a lot better than it just going down your throat, never to be seen again.

Let’s do the math for $7 x 20 days = $140 a month x 12 months = $1680 x 35 years = $58,800. And if you spend more for lunch just do the math. It is a substantial sum of money going down the tubes (your esophagus to be exact)!

Years ago, when I worked in Corporate America, my co-workers would be mystified by my ability to buy a new dress, suit, coat, shoes, etc. each month. They consistently remarked on how good my wardrobe looked and wanted to know my secret. It was simple. I saved around $100 per month by bringing my lunch from home instead of eating out. I took some of what I saved for clothes and saved the rest. My friends were amazed that such a small change could have such great benefits for them.

I spend on average $2-$5 a week on lunch depending on what I buy. If for example I buy tuna, I can get that not on sale for $2 a can. Mixed with mayo or dressing, which I already have, that makes a week’s lunch on a slice of bread, which again I already have in house, along with the piece of fruit. For those of you who are sticklers out there, tuna = $2; bread = $3; mayo/dressing = $3; that is still under $10 for the week, and at $5 a day for lunch, what you pay for two days of lunch I am getting lunch for a week. To be a bit more exact: remember, the mayo and bread last for more than one week, so the actual cost is even less than $10 per week.

For those of you who are already complaining you don’t have the time to make lunch. Yes you do, after you have cleaned up after dinner, take the time to make up your lunch for the next day. Take some time on Saturday or Sunday to make up your lunch for the week.

So, start eating smart, and in the majority of cases a lot healthier, today, and the biggest PLUS is start saving lots of money for the special things you want and for an even better retirement.

Copyright 2005 DeFiore Enterprises

Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our “how to” Home Business Solutions Digest, it’s like having your own personal coach. Visit to start today.

When check cards started to boom in popularity, I was certain that I would never write out a check again. And it’s not just the check cards. As more and more payments are sent electronically, why would we need a piece of paper, the check, to facilitate the exchange?

Fact is, we do need the paper to facilitate the transaction, only now it is used in a completely different fashion. Personal checks are now used to transfer the image to the banker in an electronic form. The new Check Clearing for the 21st Century Act, or Check 21, recently became effective at the end of October.

Check 21, in layman’s terms, is a way for financial institutions to process checks faster. When you used to buy gas at the local station, you would write out a check with your signature and date and they would put it onto their cash drawer and say “thank you.” They would take your check to the bank, and it might take 3-4 days for the money to be transferred from your checking account.

Today, with the implementation of Check 21, the gas station experience changes. When you approach the counter to pay, you will pull out your checkbook, begin to write your check, and the cashier will say, “You don’t have to write that out, just rip it out and hand it to me.”

You’ll be a little confused as they run it through their machine and watch it go around a couple of times. They’ll give it back, voided, and many times it will act as your receipt. Now is the time they will say, “thank you,” and you will go about your day.

Here’s what has happened. The little machine has basically taken an electronic image of your check and sent it to a financial institution. Your check will now be cleared in about 3-4 hours. Much faster than 3-4 days. No longer are the days of floating checks until payday.

Depending on the equipment and service the store subscribes to, they may also be able to check the funds on the spot, and you might have to check your car for some loose change.

On the overall objective, it will make the whole process move much faster and you will still be able to write out checks.

This is good for businesses, like gas stations, which spend their hard earned money trying to track down customers who write out bad checks, extending the cost to the consumer.

As we get accustom to Check 21, you will not even think twice about it. The process will just take some time to get used to, and like anything else, we will adapt, and life will go on around us.

Robb Ksiazek is a successful author and publisher for He has researched and written hundreds of articles and can simplify your online search by recommending merchants for the best value and selections in business or personal checks, address labels, rubber stamps and envelopes.

These real questions on buying undeveloped land are answered by a US Master Builder and myself after receiving them from readers of my e-book,
“Residential Development Made Easy.”

Question 1.

What are some factors to bear in mind when purchasing undeveloped land for the
purposes of rezoning?

Master Builder & Developer’s Reply:

Study your Town Plan and see where your Council Planners want the physical growth direction to take place. Go and talk to the Planners – don’t ask them for their opinion – you might sue them in a few years time, so they won’t give you an opinion.

However they will talk about Councils plans for growth. Ask about utilities such as water, sewerage, roads etc. These are very costly and they will want growth to take place where existing utilities have capacity to handle the growth. This way if you acquire raw land for rezoning, you are working within the “thinking” of the local authority.

Be prepared to hold on the property for a long time. First thing to check before purchasing is to ensure it’s not part of or can be part of endangered species.

Then make sure that it was never part of or owned by a gas station, fuel company, salvage yard or had tire dumping. Also get expert tests. Make sure the land will allow for property
to be built on it.

Question 2.

What methods does the builder use to evaluate prospective parcels for development, and determine the price to be paid for the land? (Again, assume we have a basic level of

Master Builder & Developer’s Reply:

“Land is only worth what you can do with it.”
Question 3.

What general advice would you give to developers who are just getting their feet wet in the market?

Master Builder & Developer’s Reply:

Locate a Master Builder to work with. Master Builder’s such as me, have a vested interest in ensuring your profitability.

We can answer the questions you have about what to build and how to determine profitability. We enjoy mentoring and growing our developers.

I also recommend new developers buy and study Colm’s e-book, “Residential Development Made Easy.” No other experienced developer has taken the time to write an instruction book like his – anywhere in the world, that is, so it is truly unique.

The more successful and profitable you are the more successful and profitable we are.

Be honest with the Master Builder you choose to work with. Ask for their assistance.

In my case, because I am licensed, bonded and insured in all 48 continental states, I can help you put together a Residential Development Team who will provide you with their experience and
support your efforts.

We can provide you with financing for the development (if you qualify), financing for your home buyers, insurance, help you locate land, advise you on property, create a demand for your homes, etc

We work with developers with various levels of experience and who have varying levels of being actively involved in the decision making. A Master Builder can guide you. Show you how to get started. Get your feet wet.

Example: I might start out with helping you to create a Residential Development Team or connect you to mine if I have one in your area. Then we would locate a lot in a development by another developer.

Then we would help you to conduct basic market research in this controlled environment. How to write up a proposal for the builder (us) to work with you.

Then the realtor would find a buyer for you. You’d sell the home. And, we’d use that one home to create a demand for more of our homes. You’d repeat your success a few times until you’re comfortable and ready to develop your own raw land.

Author & $1.2 Billion Developer, Colm Dillon, Has Written The Best Selling ‘How-To’ E-book,
“Residential Development Made Easy,” With Readers In All States Of The USA, Canada, Australia, New Zealand, UK, Ireland and 79 Other Countries. His Independent Web Site is:

If you’ve been eyeing those sleek new iPods, but you didn’t like the price tag, Uncle Same wants to help you buy one.

Before I go on, here’s the standard CYA…

I’m providing this as information only. It’s up to you and your tax professional to figure out if this is indeed a legitimate tax strategy for you. Now on with the show…

There are two principles at work here:

1) You have the right to deduct reasonable and necessary business expenses from your income before calculating tax on that income.

2) Continuing education to improve your business results has long been recognized as a reasonable and necessary expense.

So where does that shiny new iPod fit in?

If you’re like me, you have many hours of mp3 recordings on your hard drive– recorded conference calls, teleseminars, webcasts and other educational materials. I know I have well over 100 hours of such material on my hard drive.

There are also an increasing number of podcasts available dealing with business topics. Listening to those relevant to your business contributes to your ongoing business education.

There are also similar offerings on subjects like investing, tax planning, and so on.

Purchase your iPod through your business, and you can expense the total cost the year you buy it.

How’s this for leverage?

You (meaning your business) spends $200 for a new iPod. You write off the entire cost this year, reducing your taxable income by $200.

You load up that 4 hour webinar you’ve been meaning to get around to, and listen while commuting. You learn something that adds $200 to your bottom line immediately.

Congratulations! You just got your iPod for zero net cost.

And the iPod is so small and light that you can leverage a lot of dead time (commuting, waiting in line, workouts at the gym, etc.) into productive continuing business education.

And it even plays music!

Music to help you concentrate while writing that new article or newsletter.

Making that music a deduction on its own.

As one guru said, the proper question is not

“Can I deduct this?”

The proper question is

“How can I deduct this?”

John McCabe covers business topics like tax savings for the Success Letter, part of John McCabe’s Web Guides.

A Loan Officer may be able to help you qualify for a loan. Is that really what you want? When you consider that your home is your biggest investment shouldn’t it be part of an Entire Investment Plan?

Most people don’t look at their house as part of their overall financial plan. That is a huge mistake especially when you consider that for most people a house will be the biggest investment they ever make.
When the house is integrated into an overall financial plan it by a qualified financial Advisor magic happens.

When you are young and starting out your only concern may be just to get the mortgage that will allow you to qualify for that house. Back in 1985 when I bought my first house I actually had a 40 year ARM because that was the only way I could qualify for a house. A few years later after my second daughter was born I didn’t nearly have enough life insurance or emergency savings but I just couldn’t afford it.

Wow if I knew then what I know now. Today most people can lower their mortgage payment by about 40% with a power option ARM. That 40% savings can be used for many things. For a young family it can be used for Life Insurance and an Emergency fund. For the older couple it can be used to help build a retirement nest egg.

A loan advisor would never be able to tell you all that. A Good financial advisor would be able to help you use your house as an integral part of your total financial plan

About the Author
Mike Makler Offers Financial Services (Mortgages,Life Insurance, Annuity) in Florissant Missouri which is in North St. Louis County Missouri Just Across the Bridge from St. Charles Missouri

Call Mike at 314 398-5547

Visit Mike’s Web Page:

For Missouri Specific Insurance and Loan Questions:

Get Mike’s Newsletter Here

Copyright © 2005-2006 Mike Makler