Toxic People Secrets

I had a coaching student recently ask me how they can get away from people in life who are either too toxic or too negative?

Here in a nutshell is what I said: Toxic people can pull you down and make you believe that your ideas and dreams are not worthwhile and will never work out. I have been around these types of people myself. Their comments are usually because they have never done something or they don’t want you to do something because then it might make you better than they are. Sometimes we don’t even realize the people are negative (it is that subtle). Here is what I do to make my decision on who should go or who should stay.

Take a look at the various people you associate with and ask yourself if the time you spend with them (on the phone, in person, at parties, at conferences, doing deals togehter) is a postive and constructive or negative a destructive. Here are some questions to ask yourself. When I am with this person “What have:

1. They got me thinking

2. Got me feeling

3. Got me doing

4. Got me saying

Then the summary question to ask yourself “is that ok?”

After you ask these questions and really look at your answers ask yourself this final question:

“Are my current associations helping me grow in the direction I want?” If the answer is no then it is time to disassociate yourself with this person and that relationship.

Now sometimes it is hard to do especially if that person is a family member. What I have found effective is that I can still keep the relationship on a friendly basis where we don’t talk about my business or what I am doing because I know I will only feel frustrated at the end of the conversation. Instead I keep everything light and focus on what they are doing (everyone like to talk about themselves, after all.)

Let me know what has happened in your life and if you have ever had to deal with toxic people.

Credit Judgment – Means of Collection

If a lender calls in a debt that has been defaulted upon and the debtor is unable or unwilling repay the extended loan, then the lender must take the debtor to court in order to force repayment of the extended credit; the courts decision is referred to as a credit judgment and demands the exact amount that is to be repaid to the lender and how such repayment is to be made. Repayment can be made any number of ways including garnishment of wages, seizure of finances or property, or the placement of a lien on a property or asset which can be held in place until the debt or the qualified credit judgment has been paid in full. Whatever the means utilized, the object is the same to help lending institutions or other lenders insure that their extended credit will not be taken advantage of or abused. They are to insure that there are consequences to not repaying a debt.

The most popular and therefore the most common form of judgment collection is wage garnishment. Every state institutes different laws and every judge interprets those laws differently, therefore the percentage taken from each paycheck can vary greatly depending on the amount owed and the amount the individual earns. Typically the percentage falls between five and ten percent of net wages earned. It is designed to allow the debtor to repay the loan without causing further financial strain that may send the individual in question into a declining fiscal tailspin that could lead to increasing debt and more problems.

While this is the most common means of collecting a credit judgment, it is not a fool proof method. In fact it is rather easy for a dishonest individual to manipulate the system. Typically, a debtor must present a current pay stub every few months so that the amount a court garnishes can be adjusted or redefined. Dishonest individuals may try to cut their work load temporarily thereby lowering their wages. When a court officer sees the lowered wages on the current pay stub, he or she mistakenly institutes a lower garnishment. The debtor then returns their typical work schedule and ends up paying much less through their wage garnishment. It is also very easy to secure a cash job in which there are not paycheck stubs and in which the earnings are not reported to the government.

The seizure of financial assets or property is also a means for securing judgment collection. In this instance the court identifies the financial assets and, through legal means, subtracts the amount awarded by the judges decision from these assets. Again it is easy for a debtor to hide financial assets from the court or to transfer physical assets to another owner. Therefore this can be a tricky process.

Another measure that courts use to force judgments is to place liens against property that is owned by the debtor. Obviously the debtor needs to own property outright before a lien can be issued. Since most debtors do not own property, this can be a limited method of choice. However, if property is owned, this is a great way to force credit judgment collection. A lien, in essence, holds a property hostage until the debtor repays the defaulted loan.

These are common ways that a lender can force a debtor to repay a defaulted loan or line of credit.

Useful Site

I was talking with my daughter last night (she is on the computer full time and she is only 12) and she showed me a site that made me say “now why didn’t I think of that.” It is free and very useful. No sign-ups or hidden tricks. Check it out Here. let me know what you think-that means Post A Comment.

(Collect a judgment) Durables Decline, Yields Down

More info…
Durable Goods Orders Fall
Wednesday’s report on Durable Goods Orders was expected to show a decline of about 3.5% in August, but the results were even lower – a 4.9% drop in durable goods orders overall. Without transportation equipment, which tend to sway the results widely, orders fell 1.8%. The report is a popular gauge of business sentiment, the thinking being that businesses will invest in durable goods only when their outlook is positive. Wednesday’s report reflected the largest decline in orders in seven months.
Yields Slip
The soft economic news, combined with strong interest in the 2-year Treasury auction, pushed MBS and Treasury prices up on Wednesday, lowering yields. After opening higher, the 10-year Treasury yield was down to 4.62% by the end of the day – even with the previous day’s close.
The next releases will be Weekly Jobless Claims and the final revision to second-quarter GDP at 8:30 Eastern on Thursday.

10-year Treasury Up Seventeen Basis Points

During the heavy economic news week of September 17, the 10-year Treasury yield jumped seventeen basis points, ending the week at 4.63%.
MondayNew York manufacturing missed estimates. 10TSY close: 4.47%
TuesdayThe FOMC lowered the Fed Funds Target Rate by 50 basis points. Energy prices pulled producer prices down significantly; core prices rose. 10TSY close: 4.48%
WednesdayAs with producer prices, consumer prices slid overall, but core prices rose. Housing Starts slipped. 10TSY close: 4.52%
ThursdayJobless Claims dropped slightly. Leading Indicators declined unexpectedly, but Philadelphia manufacturing soared. 10TSY close: 4.67%
FridayNo economic data was released. 10TSY close: 4.63%

Plenty of Data Due

Tuesday
Consumer Confidence and Existing Home Slaes are due at 10:00 Eastern.
Wednesday
Durable Goods Orders are due out at 8:30 Eastern.
Thursday
Weekly Jobless Claims are due out at their usual 8:30 Eastern time, along with final revisions to second quarter GDP. New Home Sales follow at 10:00.
Friday
Personal Income and Spending is due out at 8:30 Eastern. At the same time, monthly Core PCE figures should be released, followed by the Chicago PMI at 9:45. Construction Spending and Consumer Sentiment finish the data week at 10:00.

Mortgage Mag Interest Rate Commentary
Jobless Claims Down, Economy Picks Up – Housing Drags Yields

Jobless Claims Drop
First-time Jobless Claims fell last week, contrary to what most analysts had expected. It was the lowest reading for initial claims in four months. The four-week moving average fell 9,750 to 311,500, easing some concerns about the job market.
Economy Perks Up
The final second quarter GDP results showed a rather quick 3.8% annual growth rate for the economy. Though less than the previous estimate of 4%, the revision represents a significant upside indicator for economic conditions. Changes to imports were primarily responsible for the downward revision to GDP.
New Home Sales Fall
Thursday’s report on New Home Sales reflected an 8.3% drop in purchases to an annual rate of 795,000 homes It is the largest decline since 1970 and the lowest level in seven years. While much of the economy looks healthy, housing remains a drag, and analysts do not expect to see recovery soon.
Five-Year Auction Draws Strong Demand – Yields Slip
Thursday’s five-year Treasury auction drew solid demand, lifting prices and lowering yields. Some had been concerned that worldwide demand for US debt had softened. The auction results, combined with overall soft sentiment about the economy, pushed MBS and Treasury prices higher, taking yields down. By the end of trading, the 10-year Treasury yield was down to 4.57%.
The next release will be Personal Income and Spending and Core PCE at 8:30 Eastern on Friday.

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