For the vast majority, the three largest purchases people make in their lives are buying a home, helping their children pay for college (or paying for it outright for themselves, the kids, or both), and purchasing cars (if you get two new cars — one for you and one for the spouse — every 10 years, the costs really add up.) Since your finances will be greatly impacted by the actions you take when buying these three, I thought I’d list what I consider the “best” ways to handle each of these (knowing that there may be other “best” options depending on a person’s circumstances and life goals.) Here goes:
Live in (or move to) a cheaper area of the country. (And after retirement, you may want to save more by retiring in a foreign country.)
Buy a house you can easily afford, putting at least 20% down.
Put extra payments into your budget.
Put bonuses, gifts, second job income and all other “extra” sources of money into paying off the loan.
Become debt free in 7-10 years.
Taking these steps allowed me to pay off my mortgage several years ago. The last time I had a mortgage payment was around 1997. Imagine what your life would be like with no mortgage payment. Yes, it’s pretty sweet.
I like to buy new cars (click the link if you want to know why.) I can afford to do this and it’s what I prefer, so I do buy new. But if I was asked, I’d say most people would be better off buying a used car with low miles. That said, the prices used cars go for these days is making buying new not as “crazy” as it used to be.
Whether you buy new or used, here’s what I’d recommend:
Save up for the purchase in advance and pay cash (I’d take a 0% deal if they offered it, but most people pay the full-interest rates the car companies/banks offer. That’s a big no-no IMO.)
1. Starting to Shop Before You Know Your Credit Standing
One of the biggest car buying mistakes you can make before you even step foot on a lot is not checking your credit. Your credit scores will impact whether you can get approved for a car loan at all and the rates and terms banks, credit unions and dealership financing units will be able to offer you. To be sure that you are getting the best rate on your car purchase, take a look at your credit scores (you can see two of your credit scores for free every 14 days on Credit.com) before you start shopping. If you have some time before you need to pull the trigger and buy a car, you can do a little work to fix your credit, getting you a better rate on the loan.
If you have no credit, getting a car loan is a bit trickier, but not impossible. Car loan rates are very low right now, with many dealerships running 0% offers on new models. And car loans generally have looser credit standards than credit cards because the dealer or bank knows they can always repossess the car to get their money back if you stop paying them. This means that people with no credit can still get a car, but they’ll be paying a higher interest rate, may be required to put up a larger down payment and they may also need a cosigner with decent credit to secure financing.
2. Not Researching Online
Thanks to the Internet, car buyers have a ton of information available to them these days. Websites like Kelley Blue Book, Cars.com and Edmunds all offer free information about car models, features, prices and you can even find owner ratings, car suggestions and reviews. Before you take your first test drive, you should compare cars in your price range, decide which car is right for you, and what price is fair to pay.
Once you have selected a car to purchase, be sure to get the VIN number and look up the vehicle’s history report online. It is important to check a car’s history even if it’s new. A lot can happen to a new car on the way from the factory. There have been cases of unscrupulous dealers trying to pass off vandalized or damaged cars as brand new. Plus, brand new cars damaged in floods or hurricanes often end up on the market. Avoid bad deals and lemons by doing your research online.
3. Thinking in Monthly Payments Instead of Price
A standard car dealer trick is to talk to you about a car’s cost in terms of what you are willing to pay each month instead of the actual price. This can be confusing and is often misleading because the salesperson will use the longest auto loan term available (72+ months) to calculate your possible rates. That extended loan term may seem affordable and budget-friendly when you look at just the monthly payment, but taking on a longer loan term means you’re upside down on the loan for longer, limiting your options for trading it in. A $25,000 car with a five-year loan has the same monthly payment as a $16,000 car with a three-year loan. The difference? You’ll end up paying $2,500 more in interest for the more expensive car. Go into the dealership knowing the total amount you can spend and stay below that number. (Getting pre-approved for a car loan in advance will help you stay within your budget as well.)
4. Buying Add-Ons From the Dealer
Add-ons are optional features that a dealer adds to a car. Common add-ons include undercoating, CD Stereo, alarm system, window tinting, chrome wheels, pin-striping and leather seats. These features are often overpriced and used as a way to boost the sale price of the car. Plus, it’s been shown that add-ons rarely add long-term value to your car. In some situations, such as an upgrade to a premium model, these add-ons can actually harm the resale value of a car. If you do decide that you need an add-on, check first with outside companies that may offer the service for less.
Miami, Florida is home to 417,000 people with a metro of 5.6 million Miami is not the largest city, but it is not the largest city in the state. Jacksonville which is home to 868,000 people which is almost as twice as many as Miami’s.
Cleveland, Ohio is home to 396,000 people 3.5 million Cleveland is the second largest city in the Ohio, but it is the largest metro in Ohio. Columbus is actually the largest city with 820,000 people and a metro of 2.4 million people
They city of Arlington, Virginia is the largest city in Northern Virginia an area with 2.8 million. However at 230,000 people, Arlington is only the fourth largest city in the state
Saint Louis, Missouri is the second largest city in Missouri with a population or 315,000 people however it has a metro of 2.8 million. Kansas City has about 475,000 people is the largest city with a metro of 2.4 million people
Hartford is the second largest city in Connecticut at 125,000 but with a metro of 1.5 million people
The Dangote Group was established as a small trading firm in 1977. Today, it is a multi-trillion naira conglomerate with many of its operations in Benin, Ghana, Nigeria, and Togo. Dangote has expanded to cover food processing, cement manufacturing, and freight. The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country’s soft drink companies, breweries, and confectioners. The Dangote Group has moved from being a trading company to being the largest industrial group in Nigeria including Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.
In July 2012, Dangote approached the Nigerian Ports Authorities to lease an abandoned piece of land at the Apapa Port, which was approved. He later built facilities for his flour company there. In the 1990s, he approached the Central Bank of Nigeria with the idea that it would be cheaper for the bank to allow his transport company to manage their fleet of staff buses, a proposal which was also approved.
In Nigeria today, Dangote Group with its dominance in the sugar market and refinery business is the main supplier (70% of the market) to the country’s soft drinks companies, breweries and confectioners. It is the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually. Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement and fertiliser. The company exports cotton, cashew nuts, cocoa, sesame seed and ginger to several countries. It also has major investments in real estate, banking, transport, textiles and oil and gas. The company employs over 11,000 people and is the largest industrial conglomerate in West Africa.
Ashish Thakkar- $5,000
At 15, after the family had returned to Uganda, Thakkar sold a laptop to his dad’s friend, triggering the realization he could be a trader. His father gave him $5,000 start-up cash, and he started flying to Dubai to buy cheap computer products, which he sold from a tiny shop in central Kampala.
He expanded his business by setting up a Dubai-based company. He later started a packaging factory in Uganda and partnered with an Indian IT services company to help them gain entry in new markets across Africa, according to his websites.
Sudhir Ruparelia – $25,000
He moved to the United Kingdom with his parents in 1972 at the age of 16, when the dictator Idi Aminexpelled all Asians from Uganda. He returned to Uganda in 1985, with US$25,000 earned from several casual jobs including working in supermarkets, factories, and butcheries. Ruparelia started selling beer and spirits imported from Kenya. In 1989, beer importation was banned to encourage local brewing of alcohol and he realised he could not make beer. But since his customers, who were mainly foreigners, paid him in foreign currency, he started Crane Forex Bureau, the first in Uganda. With his profits, Ruparelia ventured into other businesses, including forming Crane Bank in 1995. Later, he organized his businesses under the umbrella of the Ruparelia Group.
Okay, so we’re discussing about most visited websites in Ghana and here comes the only website from Ghana that falls within the first seven. MyJoyOnline.com is a news website owned by Joy fm in Ghana. You can see how hungry Ghanaians are for news about their country. If you want to operate a website in Ghana and make some good money, I’ll advice you to give a news website a try, if only you can do it really well, I mean writing and searching for news.
GhanaWeb, just like MyJoyOnline.com is a news website owned by a private individual, and a second most visited Ghanaian owned website.
PeaceFmOnline is the third Ghanaian owned website and also a news website owned by Peace fm in Ghana. News, news, and more news.
Pulse.com.gh: Pulse.com.gh is one of Ghana’s popular news platform online. 24/7 news, gist, music, movies, events
Tonaton.com: Tonaton is one of the largest online marketplace in Ghana that allows people to sell their own products or buy other’s products. Tonaton is a Ghanaian (Twi) word that means buy and sell. It’s current competitor is olx.com.gh.
In 1987 she met an American businessman and his wife, Jake and Joyce Cherry, who had temporarily relocated to China and helped build a refrigerator factory. She studied English with Joyce. In 1988, she abandoned her medical studies and traveled to the United States to study, with Jake and Joyce Cherry sponsoring her student visa(Jake later became Deng’s first husband). She enrolled at California State University, Northridge, where she studied economics and was among the top students. She received a bachelor’s degree in economics from California State University at Northridge and an MBA from the Yale School of Management.
When Deng was living with Jake and Joyce Cherry during Deng’s studies in the United States, Joyce Cherry discovered her husband, Jake, was having an affair with Deng, who was 30 years his junior, and demanded Deng leave the house. Jake Cherry soon followed and moved in with Deng, and the two married in 1990. Their marriage lasted 2 years 7 months before they were legally divorced, but Jake would later explain they stayed together for only four or five months, when he learned that Deng was spending time with David Wolf, a man closer to her age. Nonetheless, she had been able to secure a green card through her marriage to Cherry.
In 1997 she met Rupert Murdoch, who was 37 years her senior, while working as the only Chinese executive at the Murdoch-owned Star TV in Hong Kong. They married in 1999 on board his yacht “Morning Glory”. less than three weeks after the finalisation of his divorce from his second wife, Anna Murdoch. Following the marriage, she was branded a “gold digger” by sources close to Murdoch, including family members. The couple had two children, Grace (born 2001) and Chloe (born 2003). Tony Blair is Grace Murdoch’s godfather. In June 2013, Murdoch filed for divorce from Deng, citing irreconcilable differences.
On February 5, 2014, The Daily Telegraph published a report claiming Deng had a crush on Tony Blair, leading to her divorce from Murdoch. The report stated that Murdoch began to hear rumors about his wife in 2012 and is said to have interviewed staff members at his various homes to ask them what they had seen. According to the newspaper, Murdoch learned that Blair had visited Deng at Murdoch’s Carmel ranch on more than one occasion. Blair allegedly spent the weekend of April 27, 2013, with Deng at the property. Other sources are quoted as placing Blair and Deng at The Carlyle in New York, on a private yacht, and at Murdoch’s home in London. Deng’s letter to herself, in which she described her torment in missing Blair – published by Vanity Fair in February 2014 – raised speculation that there was more to Deng’s relationship with Blair than friendship. It is this letter that was said to be the last straw for Murdoch to separate from his wife of 14 years, reports said. As a result of Murdoch’s suspicion that Blair had an affair with Deng, he ended his long-standing association with Blair in 2014.
In March 2016, Deng was alleged to have been in a relationship with Russian President Vladimir Putin. However, no credible sources or proof of this claim exists.
3. Anna Nicole Smith husband net worth $ 1 billion
When Smith was only 24 years old she was just an unknown stripper struggling to get by; J. Howard Marshall, on the other hand, was a billionaire in the oil industry, and when the two met, she knew she had an opportunity that was too good to pass up: the only problem about Marshall was that he was darn near 90 years old at the time.
It was pretty obvious to Marshall’s family what Smith’s true intentions were with their relationship, and unsurprisingly he passed away less than a year after the two tied the knot. After a long legal battle regarding Howard’s estate, Smith won a significant portion of the money, but not the $800 million that she thought she was entitled to. Smith went on to become an actress, model, and spokesperson for weight loss supplements, before passing away at the age of 39 from a drug overdose. Apparently when you can afford as many drugs as you want it becomes a bit more difficult controlling your urges: be careful what you wish for, Anna.
The real estate mogul, who’s been showboating about his alleged $10 billion net worth for weeks, has a string of private mansions, both in New York and across the country, that could give the White House a run for its money.
Read on for a closer look at Trump’s long list of homes.
1. Trump’s personal penthouse
Trump spends most of his time at Trump Tower, the massive Fifth Ave. building that’s home to both the offices of his business empire and his own personal residence, a three-level penthouse designed to look like the Palace of Versailles. The huge pad, which has almost unparalleled views of Central Park, is decked out in typical Trump style, with 24-carat cold and diamond accents, hoards of marble and detailed, hand-painted ceiling murals.
The opulent residence, at 725 Fifth Ave., is one of the most valuable in New York City and would likely sell for up to $100 million if it were to come on the market today, experts said.
It’s the ultimate Palm Beach palace.
One of Trump’s most prized assets is perhaps the Mar-a-Lago country club, a 17-acre property with a 20,000-square-foot ballroom, that was formerly used as a private mansion but is now used as a hotel.
The property, where celebrities such as Oprah, Michael Jackson and Celine Dion have all stayed, also played host to multiple Trump weddings, including Eric Trump and Lara Yunask’s 2014 nuptials.
It’s said to be worth in excess of $250 million, just short of the $317 million valuation of the White House.
4. Seven Springs
Trump also owns a grand private summer retreat in Bedford, N.Y., with 60 rooms, two servants wings, 15 bedrooms, three pools including one cased in Italian marble, a bowling alley and 230 acres of land.
He originally purchased the property, known as Seven Springs, for $7.5 million in 1996 with a view to transforming it into another Trump-branded golf course but ultimately dropped the plans. There are currently approvals to build 14 other homes on the estate, but Trump has not made use of them so far.
Instead, the Trump family uses the property as a retreat from the city, riding ATVs, going on hikes and fishing. Trump also reportedly allowed Libya’s Muammar Gaddafi to stay in a tent there while attending the UN Summit, when no hotels would have him.
The main house, which was built by late Federal Reserve Chairman Eugene Meyer, dates back to 1919.
5. The Kluge Estate
Should Trump feel the urge to head south, he can stay at Trump Vineyard Estates, a 2,000-acre property he owns in Charlottesville, Va.
The huge property, which comprises a 23,000-square-foot mansion and a working winery and vineyard, was formerly owned by German-born entrepreneur John Kluge, formerly the richest person in America.
Trump snagged the property for a bargain $14.4 million after Kluge’s widow, Patricia Kluge, defaulted on her loans and Bank of America took control of the home.
Trump first acquired the front and back yards that then held the bank over a barrel in order to get the best price for the house itself. He let the yards become overgrown and then erected “No Trespassing” signs all over the lawns in order to deter other would-be buyers and get the best price from the bank.
6. Beverly Hills abode
When he’s out west, Trump can head to his six-bedroom, five-bathroom Colonial-style mansion on Rodeo Drive in Beverly Hills. It has a flood-lit tennis court, a pool, a spa, a library and media room, marble floors, original moldings and a dramatic curving staircase fit for a movie-star entrance.
When Barack Obama was elected the first African-American president of the United States in November 2008, “never in my lifetime” was the popular refrain, especially among older African-Americans from the Jim Crow South who remembered grandparents who had been enslaved. Obama’s mixed race background (Kenyan father, white Midwestern mother), Ivy League pedigree (Columbia, Harvard Law), community activism on Chicago’s tough South Side as well as stints as an Illinois and U.S. senator, made him uniquely qualified to guide the nation in a more multiracial and globally-dependent 21st century.
Engaging the youth, Obama, heavily assisted by social media, made “Yes, we can” more than a campaign slogan. As POTUS, he’s been confronted with Tea Party politics full of racist undertones and blamed for spillover from George W. Bush’s presidency. Still, the President, wife Michelle and daughters Malia and Sasha represent African-Americans at their best every day.
3. Oprah Winfrey
4. Marcus Garvey
Marcus Garvey A visionary pan-African leader and thinker. A practical man, he could have united all blacks if he had not been jailed.
5. Malcolm X
6. Frederick Douglas
7. Claude Anderson
8. Thurgood Marshall-
Using the law to serve African Americans, Thurgood Marshall tried many cases before the Supreme Court, winning 29 out of 32 actually. Still, none have been more critical than 1954’s landmark Brown v. Board victory overturning the Plessy v. Ferguson decision that had legally sanctioned a “separate but equal” doctrine since 1896. A 1933 graduate of the Howard University School of Law, the Baltimore native’s action was deliberate as he followed his teacher and mentor Charles Hamilton Houston to the NAACP where they launched the strategic plan to topple Jim Crow one legal challenge at time, slowly chipping away at its infrastructure.
Appointed the nation’s first African-American Supreme Court Justice in 1967 by President Lyndon B. Johnson, Marshall expanded his role in righting the Constitution in the very hall that he had challenged it, ensuring that liberty and equality applied to all Americans until his retirement in 1991.