Facing the Fear of Retirement Life

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There is a mythological view of retirement as a happy every after time. Many people are surprised to find the closer they get to retirement, the more they become fearful.

Certainly, there are fears of financial instability. That may explain why as many as seventy-five percent of boomers plan to continue working beyond traditional retirement age.

Not all retirement fears are based solely around money. I was coaching a client recently who was discussing her fears. At first, there was a generalized fear about retirement. The discussion started with a fear about money, but she had spent some time figuring out her potential income and expenses. She quickly concluded she could survive financially. While there was still concern, the focus shifted into other areas.

Over the course of a couple of sessions, the fears started to take shape and a theme emerged. More than once, she voiced concerns about losing her sense of freedom and independence, forced to be with her partner 24/7.

Fear can be a hideous advisory. Fear often lies dormant, under a shadowy rock we hesitate to approach. We know it’s there, but pretend to ignore it, hoping it will go away. It continues to nag and gnaw at our insides, growing, but refusing to be confronted.

FEAR has been made into an acronym which stands for False Expectations Appearing Real. Mark Twain remarked, “I’ve known a great many troubles, but most them never happened.”

Fear gripped my client to the point of being almost paralyzed. She was reluctant to get out of bed on her days off, instead retreating under the covers.

As we discussed the fears, brought them out from the shadows and discussed them, their big ugly shape began to shrink. As she voiced the fears, bringing them into the light of day, they no longer felt like a force beyond her control.

She was concerned about being with her partner twenty-four hours a day. They currently work side by side, so they were already together most of the time already. Once she named the fear and discussed the worst possible scenarios, the fear went into perspective.

She talked about how she had been adventurous as a young person, moving from job to job with a devil may care attitude. Somehow, it felt different, now that she was sixty-three. Wrong turns weren’t as easy to recover from.

There are legitimate concerns to be aware of as we get older. The skills we used to maneuver through challenges of life are still a part of who we are as we age. Younger people tend to jump off into new experiences without thinking about the consequences.

Fear can hold us at bay, keeping us from making rash decisions. Fear allows us to review, research and reflect where we want to go and how we should get there.

Use fear as a friend. Be willing to look at fear as an opportunity to get outside your comfort zone, explore new opportunities. Use the wisdom and experience you’ve acquired to face your fear and find liberation on the other side.

Cathy Severson, MS helps you make the most of your retirement. Baby boomers understand this isn’t your parents retirement. Find out how to make the rest of your life the best of your life with the complimentary e-book 7 Ingredients for a Satisfying Retirement at http://tinyurl.com/8moymb

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The Difference Between Bridging Loans And Bridging Finance

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Bridging finance, as the name itself suggests, helps in creating a bridge between two transactions. But such kind of loan is very much able to serve the financial needs of a property developer whether taken for first charge or second charge account. Closed loans have a fixed date by which the loans need to be repaid in full. Being less risky for the lender it comes with low interest rates. However an open kind means a loan which is not bound by fixed contract terms. This type of loan is of course greater risk for the lender and therefore come with higher interest rates.

These kinds are very flexible in nature. They have the capability to cater to needs of all types of clients ranging from individuals to small firms. They also provide concession on loans for people who have high credit history rather than those who faces problems in getting loans and mortgages.

Purpose For Bridging Finance

Bridging loans are normally meant for purchasing newly furnished homes even before the existing property of the borrower is being sold. These loans are mainly meant to address the monetary needs of the people in the real estate industry. Bridging finance is also there to serve big property developers and builders.

The main clients of bridge financing industry are property conversions, private building projects; land acquisition and property developers. These kinds of loans are popular in real estate investment markets. For example in property auctions the buyer is given a time period of 28 days to complete the transactions and he might not get payment for sale of his old property within that time. Here such loans help a lot.

Again for re mortgaging purposes kinds of loans work very well. When there is an extreme delay this loan helps in meeting first mortgage payment, while a better mortgage plan is being prepared. This helps a lot in meeting the financial requirements and fulfilling the gaps. It can also be used to add up investment capitals or to meet a special investment circumstances. Thus it has got multiple purposes.

In bridging finance speed is the most important factor. It normally takes one week for processing of these bridging loans. However it also depends upon the attorneys, how efficiently he can fulfill the requirements of such loan transfers. A financial broker also helps a lot in accomplishing the whole process of fund transfer.

The payment options are also flexible like the loan itself. There are monthly payment options with interest charges. The client can also request for their choice of rate of interest. Here the principal amount can be paid at any point of time in order to decrease the interest payment.

In order to get more information about bridge loans, one needs to log on to mayfairbridging.com. They offer quick and reliable bridging finance. Their philosophy is to work in a responsible and transparent manner.

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Making a Quilt 25 Freehand Quilting

Joe Cunningham discusses freehand quilting at an unveiling of Fabrizio’s Leftover Quilt #21

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Interesting Facts About Finance

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Finance is the general term applied to the commercial service of providing funds and capital. This is part of the area of economics that focuses on the strategies and methods of looking after money and other financial assets. A more general and accepted definition is the control of business plus public sector assets and money. People that look after or manage the arranging of finance are called finance managers.

Managing this involves dealing with the optimization and allocation of funds to various areas either by borrowing or by using those available from internal resources. The term optimization is used to explain the procedure whereby finance is maximized by reducing costs and increasing the return. Poor finance management is caused when managers neglect the rules and a deterioration occurs affecting markets around the world. It is for this very reason that finance managers are very careful with finance they agree too and where it is funded from.

Finance managers can be very short sighted, only looking at the initial cost involved and not the future return capability of the project. Finance managers are people who always like to see where they have been and do not look towards the future in the same way that a sales manager does. Many small business owners forget that the business loan they have arranged is not for personal use; a distinction which gets blurred regularly. Managers are rarely impressed with this situation as they believe they have aright to know what their money is being used for.

This may cause some concern amongst small business owners but they should train themselves to be more focused on their business which should in turn create a better frame of mind for the future. An important area for businesses to receive finance is their own bank or failing that good friends or even relatives. The simple trick is for finance managers to arrange loans using outside lenders thereby protecting their own assets whilst maximizing their own profit simultaneously. Bob Hope once said that you can only get a loan from a bank if you can prove to them you have absolutely no need for it; advice which could not be more true.

Francisco Segura owns and manages http://www.assettrackingsoftwareguide.com/
Asset Tracking Software

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Real Estate Law in China for Foreign Investors

What the Law Says

In China, neither domestic companies nor Foreign Invested

Enterprises may own land outright; instead they own Land Use

Rights. There are two kinds of Land Use Rights – Allocated and

Granted. In comparison with Western common law concepts,

Allocated Land Use Rights are in some way similar to

leaseholds, and Granted Land Use Rights are in some ways

similar to life estates.

Allocated Land Use Rights are generally provided by the

government for an indefinite period (usually to state-owned

entities) and cannot be pledged, mortgaged, leased, or

transferred by the user. Furthermore, Allocated land can be

reclaimed by the government at any time.

Granted Land Use Rights are provided by the government in

exchange for a grant fee, and carry the rights to pledge,

mortgage, lease, and transfer within the term of the grant.

Land is granted for a fixed term – generally 70 years for

residential use, 50 years for industrial use, and 40 years for

commercial and other use. The term is renewable in theory

(although no foreign investor has been in China long enough to

find out how this works in practice). Unlike the usual case in

Western nations, Granted land must be used for the specific

purpose for which it was granted.

Allocated Land Use Rights may be converted into Granted Land

Use Rights upon the payment of a grant fee to the government.

Even Granted Land Use Rights are subject to expropriation by

the government under unusual circumstances (in exchange for

fair compensation similar to the eminent domain power in the

US). This state of affairs tends to work in favor of the

foreign investor – land granted to Foreign Invested Enterprises

is seldom expropriated, but agricultural land is often

expropriated in order to make room for foreign invested

projects.

How the Law Applies to Foreign Invested Enterprises

Most foreign invested Joint Ventures obtain Land Use Rights

from the Chinese party. A common problem is that the Chinese

party holds only Allocated Land Use Rights for the land it

occupies (be looking for this if the Chinese party is a

state-owned entity). In this case, the authority to transfer

the Land Use Rights is vested in the local Land Administration

Bureau, and the Chinese party will not have the right to

transfer it to the Joint Venture.

Nevertheless, if the Joint Venture can purchase long-term

Granted Land Use Rights from the Land Administration Bureau

through a land use grant contract, the Joint Venture will then

be able to mortgage the land or transfer it to a third party.

Keep in mind, however, that vacant land must be 25% developed

before Granted Land Use Rights can be acquired. Do not attempt

to acquire Granted Land Use Rights if you do not intend to

develop it within a short time, because even if the land

qualifies as 25% developed and thus eligible for a grant, it

can still be classified as “vacant”, and vacant land can be

reclaimed if development is not begun within 2 years of

transfer.

A second option would be for one of the investors to obtain

Granted Land Use Rights and then lease the land to the Joint

Venture. However, vacant land cannot be leased to a third party

(such as a Joint Venture or other Foreign Invested Enterprise)

by the grantee. It is also worth noting that a lease needs to

be registered in order to protect the leasehold against

potential competing claims.

Thirdly, if you are willing to settle for Allocated Land Use

Rights, the Foreign Invested Enterprise could simply have the

land allocated to it by the local Land Administration Bureau.

In the case of a Joint Venture, a fourth option would be to

have the Chinese party contribute its Allocated Land Use Rights

to the Joint Venture as part of its capital contribution, in

which case the Chinese party would be liable for annual land

use fees.

Another common problem is that the land and the building(s) on

it are owned by different parties, creating a potentially messy

legal situation if all parties are not willing to cooperate.

Most importantly, it would be a good idea to require the

Chinese party to prove the status of its Land Use Rights with

documentary evidence before applying for project approval.

Further, pre-transfer due diligence should include a thorough

environmental impact self-assessment (see the Glossary for

details). Finally, keep in mind that payment and transfer of

‘title’ through public registration with the Land

Administration Bureau cannot take place simultaneously -

registration of land transfers will not be allowed unless a

receipt for payment is submitted with the registration transfer

application.

David Carnes is licensed to practice law in California. He speaks and reads Mandarin Chinese and has several years experience working with Chinese law firms and Sino-American joint ventures. Check out his website, Import From China [http://importfromchina.blogspot.com].

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Free Motion Quilting Video: Desert Sand

freemotionquilting.blogspot.com Learn how to stitch this awesome flowing filler design, perfect for landscape quilts with help from Leah Day.

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Tips to Embellish Quilts With Beads

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If you are interested in tips to embellish quilts with beads, you have come to the right place. Quilts have moved beyond simple coverings to works of art due partly to the addition of embellishments such as beads. This article will explore how you can ensure that your beaded quilt vision comes to life by asking yourself four simple questions.

Is this a good project to embellish?

What kind of quilt are you making? If this is going to be a well-loved and well-washed quilt, I would not suggest embellishing. It will require too much care. Wall-hangings or mini quilts, however, are perfect projects for beading.

How can I improve this quilt?

There is no point in adding beads to the quilt if they will only be a distraction. Everything you do should be to make the quilt more beautiful. Although I love gaudy baubles, this is one time where too much is not a good thing.

The first step to embellishing quilts with beads is to take a good look at your quilt pattern. What can be enhanced about the pattern or the fabric that you are using? Do you want the outline of a star to stand out? Do you want to bead the center of an appliquéd flower? Take a washable making pencil (please be sure to test to make sure that the marks will come out upon washing) and outline where you think beads would look the best. Turn it over in your mind. Get down your beading vision of this quilt.

Are my embellishments in the center of the quilt?

You need to establish what Joan Hawley of Lazy Girl Designs calls an “Embellishment Zone.” You do not want your embellishments getting lost in the edges of your quilt or in the seam allowance. Keep them in the center of each block and at least two inches from the perimeter of your quilt.

Do I have the tools to stitch these beads on the quilt?

Just say “no” to glue. I know it is easy. It is also messy and your beads could easily detach. Do it right the first time and stitch the beads to your quilt. This quilt will last a long time. You will feel comfortable knowing that you did your best.

So, are you ready to embellish your quilts with beads? Once you have the right project, the right game plan, place the beads in the right places and in the right way, it is sure to be a winner.

Maybelle Maddison is a true Southern Belle and dedicated quilter. She has made it her mission in life to spread the joy of quilting! Visit her site at http://www.joannfabrics.org for quilting information, pattern reviews and suggestions on how to start and keep quilting!

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How to Make a Rag Blanket : Cut Squares to Make a Rag Blanket

It takes varied squares to make a rag blanket; learn how to cut squares for a rag blanket in this free video on sewing and making blankets. Expert: Gretchen Soares Contact: www.butterfly-boutique.org Bio: Gretchen Soares is the co-owner of Bufferfly Boutique, which specializes in soft goods such as quilts, clothing and wearable art. Filmmaker: Patrick Eaves

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How To Make Your First Quilt — Cutting — from quiltfabric.com

Part of a new DVD for beginning quilters. Now available at quiltfabric.com.

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RI Real Estate Law – Purchase and Sales Agreements – Single Family

In Rhode Island most buy and sell agreements (purchase and sales agreements) for single-family homes are on a form prepared by the Rhode Island Association of Realtors. The Purchase and Sales Agreement is a very important legal document that typically sets forth the sales price, time, date and place of the residential real estate closing, contingencies based on financing, as well as many other provisions.

You may attempt to negotiate modifications to this agreement and are not obligated to sign the standard form. Prior to signing the Purchase and Sales Agreement, the buyer should contact a Rhode Island lawyer / attorney who specializes in real estate law, residential real estate closings and title law.

This agreement was drafted with the intent to be fair to both buyers and sellers of residential real estate; however, the buyer should not sign this agreement without paying careful attention to all of the provisions including the following provisions:

1. The agreement provides for a certain number of days within which buyer must apply for his/her mortgage. Pursuant to the terms of the standard Rhode Island Purchase and Sales Agreement, if the buyer fails to apply for the mortgage, his deposit will be forfeited. Please make certain that you allow enough days for this application to be made.

2. The agreement provides that if the buyer applies for a mortgage greater than the amount set forth in the Purchase and Sales Agreement, buyer will have no right to obtain a return of his deposit if his mortgage application is denied. Buyer should be certain that the amount filled in for his proposed mortgage is in fact the highest amount that he intends to apply for.

3. The agreement provides that the buyer must accept the property with any easements or restrictions of record that impact the property. The buyer should read the Rhode Island Real Estate Sales Disclosure Form prior to signing the Purchase and Sales Agreement. Rhode Island Law requires that the seller of residential real estate in RI notify the buyer of any restrictions or easements. Buyer should check the disclosure form and if the seller indicates that there are restrictions or easements, buyer should read them prior to signing the Purchase and Sales Agreement. If the buyer does not understand the legal implications of the restriction or easement, then they should contact their real estate attorney.

4. Buyer’s right to a return of their deposit in the event they are not satisfied with house inspections, such as physical/mechanical, pest infestation and septic system, depends on the inspector finding a substantial / materially deficient condition which has not been disclosed to the buyer prior to the execution of the Purchase and Sales Agreement. This means that the buyer should carefully read the Real Estate Disclosure supplied by the seller prior to signing the Purchase and Sales Agreement to make certain that seller has not disclosed existing deficient conditions on the property in this form. If deficient conditions have been disclosed, the Purchase and Sales Agreement should be amended to indicate that buyer may terminate the agreement based upon these deficient conditions

Matthew Slepkow is a Rhode Island attorney who concentrates in Real Estate law including residential and commercial closings and title law. Mathew is a Partner at Slepkow Slepkow & Associates, Inc. which is one of the largest residential real estate and title law firms in the State of Rhode Island and has performed over 40,000 real estate closings.

Matthew also has substantial experience in Probate Law, Wills, Trusts, Estate Planning, Elder Law, Business / Corporate law and the general practice of law. Mathew is a Professor at Roger Williams Law School teaching Real Estate Transactions. Matthew has a particular expertise in legal issues concerning the Elderly and Senior Citizens in Rhode Island (RI). Particularly, Matt is experienced and is knowledgeable in helping the elderly with Estate Planning and helping them protect their home from nursing home liens.

You can contact Mathew Slepkow at http://www.slepkowlaw.com or by calling him at 401-437-1100.

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