The foreclosure related housing crisis has become a reality – something that has to be accepted and faced. Thus foreclosure defense is a major issue – the enemy is snarling and what can be done about it? Dive under the sands like the ostrich? Or turn tail and run? Neither will solve the problem. What will do so is building up a foreclosure defense.

The first thing is to build up is one’s immunity by taking a page out of history and not allowing such a situation to ever happen. To be forewarned is to be forearmed. Here the age old adage comes into play – cut your coat according to your cloth. It alright wants to dream about owning a house but those dreams must not fade with the breaking of harsh light of the dawn. The tree stretches its wings towards the sky but its roots are firmly planted on the ground.

So before aiming to buy a house the first thing is to budget the income – how much one can afford.

The income has to be backed by good credit history so as to avail of the best mortgage. For a good credit record one has to do two things – put a check on spending and thus be able to save. Place the good old piggy bank on the mantlepiece will act as a charm to ward off foreclosures.

Foreclosure defense is important for those who hear the wolf knock on the door. Even at this extreme point there are steps that can be taken.

Firstly be ready as soon as one gets to know that personal finances are in a wobbly condition. Immediately the lender should be contacted. It is the bank who is going to feel the pinch when the monthly flow of money dries up. The banks today are far from eager in taking over the house because of the fallen value and are generally ready to negotiate.

If the lender does not respond then it is best to contact a counselor and keep record of the fact that efforts have been made to contact the lender. The laws are being made stringent to see that lenders cannot postpone discussions.

The options open to avoid foreclosure are many – short sale, modification of loan and refinancing. While talking with lenders it is best to take help of experts because bankers being what they are will try to wring the best advantage. Often loans are modified but the terms are so contradictory that the borrower has to pay more than before. This leads to re-default and renewed threat of foreclosure.

If foreclosure cannot be avoided then aggression becomes the best form of foreclosure defense. Many banks do not have their papers in order and a sustained pressure asking for the original papers might make the banks turn tail and run!

Did you know that rich people keep piggy banks around their home? Yes, generally they do. Multimillionaire Kim Kiyosaki, wife of Rich Dad Poor Dad Robert Kiyosaki, and author of “Rich Woman: Because I Hate Being Told What To Do!” was on the Let’s Talk Marketing radio show November 21 and she confessed to having multiple ones piggy banks. See bio for link to show.

You may even have one or a few piggy banks in your home already. Maybe your child has one and you don’t. If not, you will want to start one today.

You don’t need to run out to the store and buy one. Look in your kitchen. There is probably a previously used jar that you were saving for that “something else, some day use.” I love using a jar because it requires me to unscrew the cap. The motion creates a physical pleasure that is associated with nurturing me. It’s like a jolt of joy. Then again, if you find yourself in the store and there is a piggy bank that tweeks your Twinkie, get it. Until then use something from your kitchen.

Now you are asking, “How is having a piggy bank going to help me become rich? If not this question, you may be saying, “So what, that’s what my parents did and it didn’t help them become rich.”

I am saying that having one a piggy bank will help you become rich. Let me further explain.

First, when you have a piggy bank with money in it, it changes how you feel. You feel more abundant. If you believe in the laws of attraction, you know that when you feel more abundant you are guaranteed to attract more abundance. If you don’t believe this, then there is some additional muck that needs work on — something beyond this lesson.

Did your parents tell you, “save for a rainy day” and that was attached to your piggy bank. Of course, this then became imbedded in your beliefs. You probably even had difficulty figuring out what they defined as a rainy day. Nevertheless, I’m sure you’re parents clarified that for you here and there. Maybe the definition was mucked in the process. You believed it was to buy a skateboard. Your parents believed that was frivolous. Chuckle, you probably even challenged it to the best of your ability to. It even got complicated sometimes when they told you; you could use it to buy your friend or relative a gift with the “rainy day funds.” How confusing was that — your friend or relative wasn’t raining upon.

Seeing some light? Sure you are.

What if you shift your belief from rainy to sunshine? What if you called the piggy bank, “Your Sunshine Account” and you were clear on what that meant? What if your sunshine account was just to nurture yourself, for instance, it gave you the pleasure of getting a pedicure once a month. What if you went to the movies or bought a book you would love to read with the money? Could you define nurturing? I am sure you can.

If you already have a piggy bank, have you labeled it “chump change” or “loose change?” What would you rename it so it fuels you internally and externally rather than seeming wasteful?

If you want to be rich, create a piggy bank, dump your pocket change into it, and add a few bills. I recommend that you stop reading and go do this right now before something else gets in the way and you table it for another activity that you may never get around to doing.

Go ahead, stop, go find a jar or something, and create a piggy bank. No, you don’t need to cut a hole in the top. Then return and continue reading.

Congratulations if you went and completed this exercise. You are still on the road to wealth. Go ahead and skipped the next paragraph, it doesn’t apply.

If you didn’t stop and complete the exercise, it says a lot about your beliefs. It says you have more doubt in your ability to become rich. Doubt is a characteristic of the poor. This is a whole other lesson, so I’ll need to stop now and save for a later discussion. Just know you need to work on this – so stop and find a piggy bank.

Can you feel the difference in yourself now that you have the piggy bank? I bet you even stand taller. Thousands of people who I have worked with over the years have, so I’m sure you will too.

Hmm, and to think it began with the simple use of a piggy bank. Well, that’s where becoming rich (or richer) begins! It starts with taking a different action and making a perspective shift along with it.

Enjoy you Sunshine Bank! Teach your children so they can teach their children and together we will change the future.

Youngsters should certainly save money but unfortunately most father and mother don’t show their youngsters how to do it. The entire concept of young children saving money continues to be largely ignored within the American household. That is why most persons in this country have extremely tiny or zero savings when they get older. And the funny thing is that kids will discover if you show them. We show our youngsters all types of good issues like learn how to look each ways before crossing the street or learn how to consume their vegetables but rarely do we take the time to indicate our children how to conserve.

Very first thing that you’ve to complete is make it fun for them. Keep in mind when we had been youngsters and our parents bought us our very first piggy lender? We filled it up with pennies and eventually took a hammer to it. That is certainly the appropriate idea for kids saving money but maybe the completely wrong device because once they break it they’ll cease saving. Should you go on the web it is possible to purchase several kinds of good toys that are higher tech versions of the conventional piggy bank. A number of they are coin meters or coin counters that do not have to have to become smashed or broken.

2nd, you have to offer your children some sort of weekly allowance but do not make it automatic. You need to have to tie the amount you give them with overall performance at school or other activities. A fantastic way to get young children saving money is to offer them a lot more if they might display that they’ve learned tips on how to save. Incentives are good studying tools and you will quickly see people savings grow.

Quite a few nearby banks and lending institutions now have certain plans tailored towards the young money saver. With on the net banking along with a personal password this makes it easy for youngsters saving money to determine how much they’ve whatsoever periods just by logging in to their account. These lender sponsored applications are excellent and usually contain lots of enjoyable and educational collateral supplies that your young children can use to inform themselves from the benefits of saving money.

It won’t consider lengthy for that children to have to the habit of placing apart their money if given the correct motivation and tools. You’ll quickly see little ones saving money by holding occasions such as lemonade sales, car washes, mowing neighborhood lawns or other productive tasks. Once they get money saving into their program it will be with them for that rest of the lives, and that may be one good feeling if you are a parent.