The Law of Detachment ... In detachment lies the wisdom of uncertainty . . . in the wisdom of uncertainty lies the freedom from our past, from the known, which is the prison of past conditioning. And in our willingness to step into the unknown, the field of all possibilities, we surrender ourselves to the creative mind that orchestrates the dance of the universe.
I will put the Law of Detachment into effect by making a commitment to take the following steps:
1.Today I will commit myself to detachment. I will allow myself and those around me the freedom to be as they are. I will not rigidly impose my idea of how things should be. I will not force solutions on problems, thereby creating new problems. I will participate in everything with detached involvement.
2. Today I will factor in uncertainty as an essential ingredient of my experience. In my willingness to accept uncertainty, solutions will spontaneously emerge out of the problem, out of the confusion, order and chaos. The more uncertain things seem to be, the more secure I will feel, because uncertainty is my path to freedom. Through the wisdom of uncertainty, I will find my security.
3. I will step into the field of all possibilities and anticipate the excitement that can occur when I remain open to an infinity of choices. When I step into the field of all possibilities, I will experience all the fun, adventure, magic and mystery of life.
"You and I are essentially infinite choice-makers. In every moment of our existence, we are in that field of all possibilities where we have access to an infinity of choices." -- Deepak Chopra
The Law of Detachment -- Deepak Chopra
About Me
- Trixie Racer
- When you fail to follow your dreams, you cheat yourself out of being you.
Be proud of who you are and don't back down.
Be a winner at the game of life!
Thursday, January 31, 2008
Wednesday, January 30, 2008
28 Reasons Why Cookie Dough Is Better Than A Penis :)
(I prefer chocolate chip and oatmeal raisin, by the way :)
1. It's enjoyable hard or soft.
2. It makes a mess, too --- but it tastes better.
3. It doesn't mind if you take your anger out on it.
4. You always want to swallow.
5. It won't complain if you share it with friends.
6. It's "quick and convenient".
7. You can enjoy it more than once.
8. It comes already protectively wrapped.
9. You can make it as large as you want.
10. If you don't finish it, you can save it for later.
11. It's easier to get the kind you want.
12. You can comparison-shop.
13. You know what the extra weight is from.
14. You can put it away when you've had enough.
15. You know yours has never been eaten before.
16. It won't complain if you chew on it.
17. It comes chocolate flavored.
18. You always know when to get rid of it.
19. You can return it --- satisfaction is guaranteed.
20. It's always ready to go.
21. You won't get arrested if you eat it in public.
22. You don't have to change the sheets if you eat it in bed.
23. It won't wake you up because it's hard.
24. It won't get jealous if you pick up another one.
25. You can tell your friends how much you've eaten without sounding like you're bragging.
26. It is very pliable.
27. It's easy to pick up.
28. It never has an insecurity problem with its size.
1. It's enjoyable hard or soft.
2. It makes a mess, too --- but it tastes better.
3. It doesn't mind if you take your anger out on it.
4. You always want to swallow.
5. It won't complain if you share it with friends.
6. It's "quick and convenient".
7. You can enjoy it more than once.
8. It comes already protectively wrapped.
9. You can make it as large as you want.
10. If you don't finish it, you can save it for later.
11. It's easier to get the kind you want.
12. You can comparison-shop.
13. You know what the extra weight is from.
14. You can put it away when you've had enough.
15. You know yours has never been eaten before.
16. It won't complain if you chew on it.
17. It comes chocolate flavored.
18. You always know when to get rid of it.
19. You can return it --- satisfaction is guaranteed.
20. It's always ready to go.
21. You won't get arrested if you eat it in public.
22. You don't have to change the sheets if you eat it in bed.
23. It won't wake you up because it's hard.
24. It won't get jealous if you pick up another one.
25. You can tell your friends how much you've eaten without sounding like you're bragging.
26. It is very pliable.
27. It's easy to pick up.
28. It never has an insecurity problem with its size.
Tuesday, January 29, 2008
Updated Advanced Global Personality Test Results
| Advanced Global Personality Test Results
|
personality test by similarminds.com
Stability results were moderately high which suggests you are relaxed, calm, secure, and optimistic.
Orderliness results were medium which suggests you are moderately organized, hard working, and reliable while still remaining flexible, efficient, and fun.
Extraversion results were moderately high which suggests you are, at times, overly talkative, outgoing, sociable and interacting at the expense of developing your own individual interests and internally based identity.
trait snapshot:
social, outgoing, worry free, optimistic, upbeat, tough, likes large parties, makes friends easily, rarely irritated, open, enjoys leadership, trusting, dominant, thrill seeker, strong, does not like to be alone, assertive, mind over heart, confident, controlling, feels desirable, likes the spotlight, loves food, social chameleon, hard working, concerned about others
In a few weeks I'll be going back to Costa Rica. This time I'm enrolling in Spanish school. I can't wait! :-)
Monday, January 28, 2008
INTERNATIONAL THINKING AT ITS BEST!
What is the truest definition of Globalization?
Answer: Princess Diana's death.
Question: How come?
Answer: An English princess
with an Egyptian boyfriend
crashes in a French tunnel,
driving a German car
with a Dutch engine,
driven by a Belgian who was drunk
on Scottish whisky, (check the bottle before you change the spelling)
followed closely by Italian Paparazzi,
on Japanese motorcycles;
treated by an American doctor,
using Brazilian medicines.
This is sent to you by an American,
using Bill Gate's technology,
and you're probably reading this on your computer,
that use Taiwanese chips,
and a Korean monitor,
assembled by Bangladeshi workers
in a Singapore plant,
transported by Indian lorry-drivers,
hijacked by Indonesians,
unloaded by Sicilian longshoremen,
and trucked to you by Mexican illegal's....
That, my friends, is Globalization
Answer: Princess Diana's death.
Question: How come?
Answer: An English princess
with an Egyptian boyfriend
crashes in a French tunnel,
driving a German car
with a Dutch engine,
driven by a Belgian who was drunk
on Scottish whisky, (check the bottle before you change the spelling)
followed closely by Italian Paparazzi,
on Japanese motorcycles;
treated by an American doctor,
using Brazilian medicines.
This is sent to you by an American,
using Bill Gate's technology,
and you're probably reading this on your computer,
that use Taiwanese chips,
and a Korean monitor,
assembled by Bangladeshi workers
in a Singapore plant,
transported by Indian lorry-drivers,
hijacked by Indonesians,
unloaded by Sicilian longshoremen,
and trucked to you by Mexican illegal's....
That, my friends, is Globalization
Saturday, January 26, 2008
Still not drinking. :-)
Pretty proud of myself, too! Made it through New Year's Eve, AVN, and Internext -- all drinking events.
Friday, January 25, 2008
Thursday, January 24, 2008
Mass. clinic launches fertility test that measures egg supply
Mass. clinic launches fertility test that measures egg supply
Boston Business Journal
Tuesday, January 22, 2008 - 9:32 AM EST
A Massachusetts clinic claims it will be the first in the northeast to offer a fertility test that measures how many eggs a woman has.
Fertility center Boston IVF of Waltham, Mass., said on Tuesday that it will begin to sell Repromedix's Plan Ahead test, a blood test that uses a variety of elements to measure a woman's egg supply. The test is intended to help women who are planning to have children after their late twenties, by measuring three ovary-related hormones.
A woman's ability to have children by natural conception depends on having enough eggs, a supply of which declines as a woman ages.
Repromedix is also Massachusetts-based; Its headquarters are in Woburn.
Boston IVF is one of a select number of fertility centers who will offer the $350 test. It's expected to launch in major markets through 2008.
Source: http://www.bizjournals.com/boston/stories/2008/01/21/daily17.html
Boston Business Journal
Tuesday, January 22, 2008 - 9:32 AM EST
A Massachusetts clinic claims it will be the first in the northeast to offer a fertility test that measures how many eggs a woman has.
Fertility center Boston IVF of Waltham, Mass., said on Tuesday that it will begin to sell Repromedix's Plan Ahead test, a blood test that uses a variety of elements to measure a woman's egg supply. The test is intended to help women who are planning to have children after their late twenties, by measuring three ovary-related hormones.
A woman's ability to have children by natural conception depends on having enough eggs, a supply of which declines as a woman ages.
Repromedix is also Massachusetts-based; Its headquarters are in Woburn.
Boston IVF is one of a select number of fertility centers who will offer the $350 test. It's expected to launch in major markets through 2008.
Source: http://www.bizjournals.com/boston/stories/2008/01/21/daily17.html
Monday, January 21, 2008
Friday, January 18, 2008
I love AVN/Internext week!!
Went to the Players Ball with adult film producer, Roy Karch.
Digital Underground played. It was a fun time.
I even got to put my boobs on a midget/dwarf's head!! :-)
The next night I went to Pornstarville 2008 at the Empire Ballroom. The rest of the week was spent partying in private suites (sorry, no pics). I love AVN/Internext week!!
Monday, January 14, 2008
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Tuesday, January 8, 2008
It is what it is.
Finally learning the meaning of that. We don't always have control of everything.
I can accept whatever my reality is as long as I know that's what it really is. Why do so many people play games instead of being honest?
I can accept whatever my reality is as long as I know that's what it really is. Why do so many people play games instead of being honest?
Sunday, January 6, 2008
Annual Dementia Test
It's that time of year to take our annual senior citizen test. Exercise of the brain is as important as exercise of the muscles. As we grow older, it's important to keep mentally alert. If you don't use it, you lose it! Below is a very private way to gauge your loss or non-loss of
intelligence.
Take the test presented here to determine if you're losing it or not.
The spaces below are so you don't see the answers until you've made your
answer. Answer honestly (if you can.)
OK, relax, clear your mind and begin.
1. What do you put in a toaster?
Answer: "bread." If you said "toast," give up now and do something else.
Try not to hurt yourself. If you said, bread, go to Question 2.
2. Say " silk" five times. Now spell "silk." What do cows drink?
Answer: Cows drink water. If you said "milk," don't attempt the next question. Your brain is over-stressed and may even overheat. Content yourself with reading a more appropriate literature such as Auto World. However, if you said "water", proceed to question 3.
3. If a red house is made from red bricks and a blue house is made from blue bricks and a pink house is made from pink bricks and a black house is made from black bricks, what is a green house made from?
Answer: Greenhouses are made from glass. If you said "green bricks," why are you still reading these???
If you said "glass," go on to Question 4.
4. It's twenty years ago, and a plane is flying at 20,000 feet over Germany (If you will recall, Germany at the time was politically divided into West Germany and East G Germany.) Anyway, during the flight, two engines fail.
The pilot, realizing that the last remaining engine is also failing, decides on a crash landing procedure. Unfortunately the engine fails before he can do so and the plane fatally crashes smack in the middle of "no man's land" between East Germany and West Germany. Where would you bury the survivors? East Germany, West Germany, or no man's land"?
Answer: You don't bury survivors.
If you said ANYTHING else, you're a dunce and you must stop. If you
said, "You don't bury survivors", proceed to the next question.
5. Without using a calculator - You are driving a bus from London to Milford Haven in Wales. In London, 17 people get on the bus. In Reading, six people get off the bus and nine people get on. In Sweden, two people get off and four get on. In Cardiff, 1 1 people get off and 16 people get on. In Swansea, three people get off and five people get on. In Carmathen, six people get off and three get on. You then arrive at Milford Haven.
What was the name of the bus driver?
Answer: Oh, for crying out loud!
Don't you remember your own name? It was YOU!!
Now pass this along to all your friends and pray they do better than you.
PS: 95% of people fail most of the questions!!
intelligence.
Take the test presented here to determine if you're losing it or not.
The spaces below are so you don't see the answers until you've made your
answer. Answer honestly (if you can.)
OK, relax, clear your mind and begin.
1. What do you put in a toaster?
Answer: "bread." If you said "toast," give up now and do something else.
Try not to hurt yourself. If you said, bread, go to Question 2.
2. Say " silk" five times. Now spell "silk." What do cows drink?
Answer: Cows drink water. If you said "milk," don't attempt the next question. Your brain is over-stressed and may even overheat. Content yourself with reading a more appropriate literature such as Auto World. However, if you said "water", proceed to question 3.
3. If a red house is made from red bricks and a blue house is made from blue bricks and a pink house is made from pink bricks and a black house is made from black bricks, what is a green house made from?
Answer: Greenhouses are made from glass. If you said "green bricks," why are you still reading these???
If you said "glass," go on to Question 4.
4. It's twenty years ago, and a plane is flying at 20,000 feet over Germany (If you will recall, Germany at the time was politically divided into West Germany and East G Germany.) Anyway, during the flight, two engines fail.
The pilot, realizing that the last remaining engine is also failing, decides on a crash landing procedure. Unfortunately the engine fails before he can do so and the plane fatally crashes smack in the middle of "no man's land" between East Germany and West Germany. Where would you bury the survivors? East Germany, West Germany, or no man's land"?
Answer: You don't bury survivors.
If you said ANYTHING else, you're a dunce and you must stop. If you
said, "You don't bury survivors", proceed to the next question.
5. Without using a calculator - You are driving a bus from London to Milford Haven in Wales. In London, 17 people get on the bus. In Reading, six people get off the bus and nine people get on. In Sweden, two people get off and four get on. In Cardiff, 1 1 people get off and 16 people get on. In Swansea, three people get off and five people get on. In Carmathen, six people get off and three get on. You then arrive at Milford Haven.
What was the name of the bus driver?
Answer: Oh, for crying out loud!
Don't you remember your own name? It was YOU!!
Now pass this along to all your friends and pray they do better than you.
PS: 95% of people fail most of the questions!!
Monday, December 31, 2007
A Blonde's Year in Review
January
Took new scarf back to store because it was too tight.
February
Fired from pharmacy job for failing to print labels.....
Helllloooo!!!.......bottles won't fit in printer !!!
March
Got really excited.....finished jigsaw puzzle in 6 months..... box said "2-4 years!"
April
Trapped on escalator for hours .... power went out!!!
May
Tried to make Kool-Aid.....wrong instructions.
...8 cups of water won't fit into those little packets!!!
June
Tried to go water skiing.......couldn't find a lake with a slope.
July
Lost breast stroke swimming competition.....learned later, the other swimmers cheated, they used their arms!!!
August
Got locked out of my car in rain storm..... car swamped because soft-top was open.
September
The capital of California is "C".....isn't it???
October
Hate M & M's.....they are so hard to peel.
November
Baked turkey for 4 1/2 days . .. instructions said 1 hour per pound and I weigh 108!!
December
Couldn't call 911 "duh".....there's no "eleven" button on the stupid phone!!!
THE BEST BLONDE JOKE OF THE YEAR
A man was in his front yard mowing grass when his attractive blonde female neighbor came out of the house and went straight to the mailbox.
She opened it then slammed it shut and stormed back in the house.
A little later she came out of her house again went to the mail box and again, opened it, slammed it shut again. Angrily, back into the house she went.
As the man was getting ready to edge the lawn, here she came out again, marched to the mail box, opened it and then slammed it closed harder than ever.
Puzzled by her actions the man asked her, "Is something wrong?"
To which she replied, "There certainly is!"
(Are you ready? This is a beauty...)
My stupid computer keeps saying, "YOU'VE GOT MAIL!"
Took new scarf back to store because it was too tight.
February
Fired from pharmacy job for failing to print labels.....
Helllloooo!!!.......bottles won't fit in printer !!!
March
Got really excited.....finished jigsaw puzzle in 6 months..... box said "2-4 years!"
April
Trapped on escalator for hours .... power went out!!!
May
Tried to make Kool-Aid.....wrong instructions.
...8 cups of water won't fit into those little packets!!!
June
Tried to go water skiing.......couldn't find a lake with a slope.
July
Lost breast stroke swimming competition.....learned later, the other swimmers cheated, they used their arms!!!
August
Got locked out of my car in rain storm..... car swamped because soft-top was open.
September
The capital of California is "C".....isn't it???
October
Hate M & M's.....they are so hard to peel.
November
Baked turkey for 4 1/2 days . .. instructions said 1 hour per pound and I weigh 108!!
December
Couldn't call 911 "duh".....there's no "eleven" button on the stupid phone!!!
THE BEST BLONDE JOKE OF THE YEAR
A man was in his front yard mowing grass when his attractive blonde female neighbor came out of the house and went straight to the mailbox.
She opened it then slammed it shut and stormed back in the house.
A little later she came out of her house again went to the mail box and again, opened it, slammed it shut again. Angrily, back into the house she went.
As the man was getting ready to edge the lawn, here she came out again, marched to the mail box, opened it and then slammed it closed harder than ever.
Puzzled by her actions the man asked her, "Is something wrong?"
To which she replied, "There certainly is!"
(Are you ready? This is a beauty...)
My stupid computer keeps saying, "YOU'VE GOT MAIL!"
Saturday, December 29, 2007
Thursday, December 20, 2007
The Verdict is in: Your 30 Year "Fixed" Mortgage is NOT fixed.....
The Verdict is in: Your 30 Year "Fixed" Mortgage is NOT fixed.....
I was one of those "company men" that worked and still does work for a Large commercially well known Mortgage Bank....I was set in my Ways of how I thought things worked or were supposed to work in regards to Institutional lending....I am your "typical" type A personality that thought I had it ALL figured out...
I WAS WRONG
I was Blown away when this finally sunk in....Be prepared to be shocked...continue reading....
"The Asher Institute for Consumers is a non-profit consumer advocacy organization that was formed in 2003 to educate and inform consumers about various issues so they can make informed decisions in regards to finances, banking and mortgages. The 25 page article, a.k.a. consumer guide, they wrote is entitled, "Profiting from the Banking Industry's Biggest Secret."
We will show how the mortgage profit game works and how consumers are misled into making a decision that ends up costing them their single best opportunity to be wealthy.
The Truth about the 30-Year Fixed Loan
When it comes to mortgages, most consumers are fairly knowledgeable and are able to choose between the various loan products available and select the one that best fits their needs and risk tolerance. The most highly promoted and most sought after loan is the 30-year fixed-rate mortgage.
Why? Because consumers like the stability of a low fixed rate and a low fixed payment. However, the Asher Institute revealed some shocking truths about the 30-year fixed that stunned both consumers and mortgage industry experts alike.
The Asher Institute found that only one of the two reasons consumers like the 30-year fixed mortgage was actually true.
Which one is false?
The part about the interest rate being fixed. Contrary to public opinion, the interest rate on a 30-year fixed rate mortgage is actually an ADJUSTABLE RATE MORTGAGE and the rate consumers are paying on them is much, much higher than they could ever imagine.
The rate is so high, in fact, that it completely blocks the average consumer's path to financial freedom.
In a couple of pages, you'll see an Amortization Schedule for an average American conforming loan, a $150,000 30-year loan at a "fixed" interest rate of just 6.0%. The Amortization Schedule shows how the loan really works.
Here are some of the facts gleamed from the Amortization Schedule:
Each year the consumer pays $10,792 but a different portion of that total gets credited to Principal and to Interest.
It takes 19 years before just half of the payment goes to Principal.
It takes 24 years before 2/3 of the monthly payment goes to Principal.
After 10 years, 84% of the starting balance is still owed.
After 21 years, half of the starting balance is still owed. (At that point, the consumer will have paid $226,800 with only $75,000 of it going to Principal.)
Amortization Schedule
$150,000 30-YEAR FIXED-RATE MORTGAGE AT 6.0%
"THE LENDER" "THE CONSUMER" PAYMENT = $899.33
Year_________Interest____________Principal___________Balance
1............$8,949.89...........$ 1,842.02..........$148,157.98
3............$8,715.66...........$ 2,076.25..........$144,126.11
6............$8,307.30...........$ 2,484.61..........$137,096.93
9............$7,818.63...........$ 2,973.28..........$128,685.25
12...........$7,233.84...........$ 3,558.07..........$118,619.16
15...........$6,534.04...........$ 4,257.87..........$106,573.27
18...........$5,696.60...........$ 5,095.31..........$ 92,158.18
21...........$4,694.45...........$ 6,097.45..........$ 74,907.92
24...........$3,495.20...........$ 7,296.71..........$ 54,264.88
27...........$2,060.08...........$ 8,731.83..........$ 29,561.75
30...........$ 342.70...........$10,449.21..........$ 0.00
The numbers are heavily skewed in favor of the lender because they are designed to be. It's due to something most consumers are familiar with - front-end load interest.
The result of this system is that the lender collects their interest first, up front. Seems fair, right? But, the Asher Institute also found that the front-end load completely throws off the fixed interest rate schedule.
Look at Year 1. The consumer pays $10,792 ($899.33x12) but only $1842 of it gets credited back to Principal.
What if this house was sold after the first year? Would it seem like 6.0% interest rate was paid? Look at what happens if we were to sell after 9 years. The consumer will have paid $97,128 but less than $21,315 will have gone to Principal. That's not a 6.0% interest rate!
The same holds true for a longer period of time like 21 and 24 years.
So if a 30-year fixed mortgage loan is kept for even 1 month less than 30 years, the rate consumers really wind up paying is higher. How much higher?
The Asher Institute came up with a formula, called the "Effective Rate Formula", that reveals what the real interest rate would be if a front-end load loan was kept for less than the entire 30-year term.
When they applied this formula to the sample 6.0% 30-year loan, the results were scary:
After 25 years, the consumer would have paid almost $270K, with only $104K in loan equity. The actual rate paid would be 9.43%, not 6.0%!
After 20 years, the effective actual rate paid would be 14.82%
Holding on to that low 6.0% interest rate for 10 years would result in paying an actual 43.48% interest rate!
Holding it for 3 years yields an actual 182% rate
1 year --> a 580% rate! <--
Hundreds of consumers and mortgage industry experts were informally polled with the following question:
If you held a 6.0% 30-year fixed-rate loan for 7 years, considering that the interest is front-end loaded and you're not waiting the 30 years, what rate do you think you'd really wind up paying?
The responses given by consumers were what spurred the Asher Institute to develop their consumer guide. Without fail, each consumer and expert guessed between 8% and 12% with an occasional high guess of "triple" which would represent 18%.
The guesses were logical but so far off that it was clear that a major misconception existed!
It was also clear that these numbers had never been disclosed to consumers. No one had ever heard of an "Effective Rate Formula" - it seemed like consumers were aware that mortgage interest is front-end loaded but no one realized exactly how front-end loaded it really is.
Due to the interest rate being front-end loaded, the rate becomes ADJUSTABLE based upon how long the loan is kept. On a 6.0% 30-year fixed, the low "fixed" 6.0% Note Rate is the absolute MINIMUM rate the consumer will pay.
Even though the monthly payment is fixed, the consumer may wind up paying as much as a 580% interest rate, thereby actually making this fixed-rate mortgage an Adjustable Rate Mortgage.
The banks have been relying upon consumers to concentrate on the fact that it will all even out 30 years later. But who keeps the same mortgage, let alone the same house, for 30 years? Nationally, homeowners keep their mortgages for 5 years on average.
Millions of consumers believe that the 30-year mortgage is a smart home loan with many benefits.
But that belief has been very costly - Americans have been standing in line to sign up for loans that are the equivalent of giant credit cards with APR's well over 100%!
Found at: http://lasvegas.craigslist.org/rnr/515488387.html
I was one of those "company men" that worked and still does work for a Large commercially well known Mortgage Bank....I was set in my Ways of how I thought things worked or were supposed to work in regards to Institutional lending....I am your "typical" type A personality that thought I had it ALL figured out...
I WAS WRONG
I was Blown away when this finally sunk in....Be prepared to be shocked...continue reading....
"The Asher Institute for Consumers is a non-profit consumer advocacy organization that was formed in 2003 to educate and inform consumers about various issues so they can make informed decisions in regards to finances, banking and mortgages. The 25 page article, a.k.a. consumer guide, they wrote is entitled, "Profiting from the Banking Industry's Biggest Secret."
We will show how the mortgage profit game works and how consumers are misled into making a decision that ends up costing them their single best opportunity to be wealthy.
The Truth about the 30-Year Fixed Loan
When it comes to mortgages, most consumers are fairly knowledgeable and are able to choose between the various loan products available and select the one that best fits their needs and risk tolerance. The most highly promoted and most sought after loan is the 30-year fixed-rate mortgage.
Why? Because consumers like the stability of a low fixed rate and a low fixed payment. However, the Asher Institute revealed some shocking truths about the 30-year fixed that stunned both consumers and mortgage industry experts alike.
The Asher Institute found that only one of the two reasons consumers like the 30-year fixed mortgage was actually true.
Which one is false?
The part about the interest rate being fixed. Contrary to public opinion, the interest rate on a 30-year fixed rate mortgage is actually an ADJUSTABLE RATE MORTGAGE and the rate consumers are paying on them is much, much higher than they could ever imagine.
The rate is so high, in fact, that it completely blocks the average consumer's path to financial freedom.
In a couple of pages, you'll see an Amortization Schedule for an average American conforming loan, a $150,000 30-year loan at a "fixed" interest rate of just 6.0%. The Amortization Schedule shows how the loan really works.
Here are some of the facts gleamed from the Amortization Schedule:
Each year the consumer pays $10,792 but a different portion of that total gets credited to Principal and to Interest.
It takes 19 years before just half of the payment goes to Principal.
It takes 24 years before 2/3 of the monthly payment goes to Principal.
After 10 years, 84% of the starting balance is still owed.
After 21 years, half of the starting balance is still owed. (At that point, the consumer will have paid $226,800 with only $75,000 of it going to Principal.)
Amortization Schedule
$150,000 30-YEAR FIXED-RATE MORTGAGE AT 6.0%
"THE LENDER" "THE CONSUMER" PAYMENT = $899.33
Year_________Interest____________Principal___________Balance
1............$8,949.89...........$ 1,842.02..........$148,157.98
3............$8,715.66...........$ 2,076.25..........$144,126.11
6............$8,307.30...........$ 2,484.61..........$137,096.93
9............$7,818.63...........$ 2,973.28..........$128,685.25
12...........$7,233.84...........$ 3,558.07..........$118,619.16
15...........$6,534.04...........$ 4,257.87..........$106,573.27
18...........$5,696.60...........$ 5,095.31..........$ 92,158.18
21...........$4,694.45...........$ 6,097.45..........$ 74,907.92
24...........$3,495.20...........$ 7,296.71..........$ 54,264.88
27...........$2,060.08...........$ 8,731.83..........$ 29,561.75
30...........$ 342.70...........$10,449.21..........$ 0.00
The numbers are heavily skewed in favor of the lender because they are designed to be. It's due to something most consumers are familiar with - front-end load interest.
The result of this system is that the lender collects their interest first, up front. Seems fair, right? But, the Asher Institute also found that the front-end load completely throws off the fixed interest rate schedule.
Look at Year 1. The consumer pays $10,792 ($899.33x12) but only $1842 of it gets credited back to Principal.
What if this house was sold after the first year? Would it seem like 6.0% interest rate was paid? Look at what happens if we were to sell after 9 years. The consumer will have paid $97,128 but less than $21,315 will have gone to Principal. That's not a 6.0% interest rate!
The same holds true for a longer period of time like 21 and 24 years.
So if a 30-year fixed mortgage loan is kept for even 1 month less than 30 years, the rate consumers really wind up paying is higher. How much higher?
The Asher Institute came up with a formula, called the "Effective Rate Formula", that reveals what the real interest rate would be if a front-end load loan was kept for less than the entire 30-year term.
When they applied this formula to the sample 6.0% 30-year loan, the results were scary:
After 25 years, the consumer would have paid almost $270K, with only $104K in loan equity. The actual rate paid would be 9.43%, not 6.0%!
After 20 years, the effective actual rate paid would be 14.82%
Holding on to that low 6.0% interest rate for 10 years would result in paying an actual 43.48% interest rate!
Holding it for 3 years yields an actual 182% rate
1 year --> a 580% rate! <--
Hundreds of consumers and mortgage industry experts were informally polled with the following question:
If you held a 6.0% 30-year fixed-rate loan for 7 years, considering that the interest is front-end loaded and you're not waiting the 30 years, what rate do you think you'd really wind up paying?
The responses given by consumers were what spurred the Asher Institute to develop their consumer guide. Without fail, each consumer and expert guessed between 8% and 12% with an occasional high guess of "triple" which would represent 18%.
The guesses were logical but so far off that it was clear that a major misconception existed!
It was also clear that these numbers had never been disclosed to consumers. No one had ever heard of an "Effective Rate Formula" - it seemed like consumers were aware that mortgage interest is front-end loaded but no one realized exactly how front-end loaded it really is.
Due to the interest rate being front-end loaded, the rate becomes ADJUSTABLE based upon how long the loan is kept. On a 6.0% 30-year fixed, the low "fixed" 6.0% Note Rate is the absolute MINIMUM rate the consumer will pay.
Even though the monthly payment is fixed, the consumer may wind up paying as much as a 580% interest rate, thereby actually making this fixed-rate mortgage an Adjustable Rate Mortgage.
The banks have been relying upon consumers to concentrate on the fact that it will all even out 30 years later. But who keeps the same mortgage, let alone the same house, for 30 years? Nationally, homeowners keep their mortgages for 5 years on average.
Millions of consumers believe that the 30-year mortgage is a smart home loan with many benefits.
But that belief has been very costly - Americans have been standing in line to sign up for loans that are the equivalent of giant credit cards with APR's well over 100%!
Found at: http://lasvegas.craigslist.org/rnr/515488387.html
Monday, December 17, 2007
Looking for a soulmate? Date me first! - w4m
That's right, I'm offering to be the primer for the love of your life. Come one, come all! I am currently running a 92% success rate. If you are looking to be married or domestically partnered, date me first, and you are assured to find your soul mate as soon as we break up! Current data has shown that the more intense we get, the more quickly you will find that special someone...so don't hold back!
HELPFUL HINTS: From analyzing 15 years of accurate data (verifiable by friends and family), the following may be helpful:
1. Practice makes perfect. Please use phrases like "I want to spend the rest of my life with you" and "I want you to have my children". Studies 3, 7, and 12 demonstrate a 100% success rate with this practice run alone!
2. Introduce me to your family. Studies have shown (1, 2, 3, 4, 7, 9, 11, and 12) that odds increase when you bring me home to meet your gene pool. Bonus points include having a mother whose Hummel collection I can admire, taking me to a wedding where I can dance the Chicken Dance, and having an incredibly creepy family member who likes to stare at my breasts.
3. Have a tragic past (1, 3, 5, 6, and 10). I am proficient at sitting quietly, gently stroking your back, while you sob about a.) your parent's divorce, b.) your inability to find meaning in your life, c.) past relationships (pictures a plus!), and d.) abuse in any way, shape, or form...most successful in this arena has been the ambiguous lone sexual interaction with a distant relative (see 2).
So that's right, folks...all you men looking for a soul-mate, I AM your answer. I will guarantee an earnest, naive belief that you either love me "like you've never loved anyone before" or that you've actually "never really been in love before now".
I will patiently buy into your confusion while you slowly fall in love with a.) your child's ballet teacher, b.) your ex-wife, c.) the woman who works at the used bookstore where you obsessively buy Cheever hardbacks, or d.) your Tai Chi instructor. These, of course, are just a few examples of the many potential soulmates towards whom you can rebound after (or before) leaving me!
With a 92% success rate, you are almost GUARANTEED to find your sweetie. And if you act now, I will throw in an offer to actually BE FRIENDS with you after we break up - that's right, just picture it - you, me, and the love of your life can all go to the movies! What more could you want? There's someone out there just waiting for you to date me.
Source: http://lasvegas.craigslist.org/msr/512225813.html
HELPFUL HINTS: From analyzing 15 years of accurate data (verifiable by friends and family), the following may be helpful:
1. Practice makes perfect. Please use phrases like "I want to spend the rest of my life with you" and "I want you to have my children". Studies 3, 7, and 12 demonstrate a 100% success rate with this practice run alone!
2. Introduce me to your family. Studies have shown (1, 2, 3, 4, 7, 9, 11, and 12) that odds increase when you bring me home to meet your gene pool. Bonus points include having a mother whose Hummel collection I can admire, taking me to a wedding where I can dance the Chicken Dance, and having an incredibly creepy family member who likes to stare at my breasts.
3. Have a tragic past (1, 3, 5, 6, and 10). I am proficient at sitting quietly, gently stroking your back, while you sob about a.) your parent's divorce, b.) your inability to find meaning in your life, c.) past relationships (pictures a plus!), and d.) abuse in any way, shape, or form...most successful in this arena has been the ambiguous lone sexual interaction with a distant relative (see 2).
So that's right, folks...all you men looking for a soul-mate, I AM your answer. I will guarantee an earnest, naive belief that you either love me "like you've never loved anyone before" or that you've actually "never really been in love before now".
I will patiently buy into your confusion while you slowly fall in love with a.) your child's ballet teacher, b.) your ex-wife, c.) the woman who works at the used bookstore where you obsessively buy Cheever hardbacks, or d.) your Tai Chi instructor. These, of course, are just a few examples of the many potential soulmates towards whom you can rebound after (or before) leaving me!
With a 92% success rate, you are almost GUARANTEED to find your sweetie. And if you act now, I will throw in an offer to actually BE FRIENDS with you after we break up - that's right, just picture it - you, me, and the love of your life can all go to the movies! What more could you want? There's someone out there just waiting for you to date me.
Source: http://lasvegas.craigslist.org/msr/512225813.html
Wednesday, December 12, 2007
Saturday, December 8, 2007
Friday, December 7, 2007
Leaving Las Vegas
Yeah! It's about time! While Vegas is a fun place to visit, it's a terrible place to live. Of course I'll still come back for conventions and to dance. BYE-BYE!!!!
:-) :-)
:-) :-)