As in any other activity, car donation requires some thought, planning and research. First, you need to clarify your objectives in donating a car in California. Are you motivated by sheer good will or are you also looking at deriving some benefits for yourself? Do you intend to claim your donation as a tax write off? What particular causes do you support and what are your criteria in choosing a beneficiary charity? Your answers to these questions will help you narrow down your search for a beneficiary institution. Likewise, those will help you define your strategy in donating your car.
CTEC courses How is that possible you may ask? Because the big banks know they will get bailed out by the Federal Government. The Federal Government in the form of a Government Sponsored Enterprises (or GSEs, as they are collectively known), will come to the banks rescue. The GSEs are Freddie Mac (Federal Home Loan Mortgage Corporation), Fannie Mae (Federal National Mortgage Association) or Ginnie Mae, (Government National Mortgage Association). They are responsible for guaranteeing the value of mortgages on the secondary market and keeping the money flowing between banks and borrowers. Without them the housing market would be in even worse shape than it is today. But there is a price to be paid for their existence.
CTEC classes Remember before the last stock market crash in the year 2000, how new technology companies which had never earned a penny, saw their shares selling at incredibly high prices? Eventually everything went back to normal and people went back to common sense. (or did they?). Can we compare that to what’s happening with real estate? Why not?
Remember that if you are already saving in the Registered Education Savings Plan (RESP) it remains the best place to save for a child’s education because any contribution attracts the Canada Education Savings Grants (CESG) resulting in an immediate boost of at least 20%. With the introduction of the TFSA it is best to contribute enough to the RESP to get the maximum allowed CESG of $7,200 per child (for a total RESP contribution of $36,000) and save more in a TFSA.
When it comes to secure loans as your option, they usually carry fairly low interest rates. You can choose from fixed or variable rates. Usually you can expect these types of loans to range between five thousand dollars and seventy-five thousand dollars, depending on the amount your collateral is worth. The lenders training requirements and policies also will affect this amount.
CTEC approved provider I was in a good lather by the time I got home. I walked in the door giving off such bad vibes, my friendly dog did a u-turn and headed for the backyard. After some liquid courage, I opened the letter and read closely. Guess what? It was sort of good news. California charges incorporated businesses $800 a year for the “privilege of doing business in California.” I had apparently paid mine twice for some fiscal year, once at the beginning and once at the end. I was getting an $800 refund plus interest!
Tyler: The first chapter of your book, “Rich by Choice” is titled “Rich or Poor, It’s Your Choice.” I am curious if you would agree that many people have a negative attitude toward money and feel they cannot improve their economic situations. The idea that they choose their own financial situation may seem overwhelming to them. What would you say to such people?