Why you should have written goals
- May 10, 2015
- Posted by: Brian Poncelet
- Category: Disability Insurance, Life Insurance, World News Insurance
No CommentsI would like to credit Forbes (Ashley Feinstein) for this story. http://www.forbes.com/sites/85broads/2014/04/08/why-you-should-be-writing-down-your-goals/”> There was a fascinating study conducted on the 1979 Harvard MBA program where graduate students were asked “have you set clear, written goals for your future and made plans to accomplish them?” The result, only 3% had written goals and plans, 13% had
The 5 C’s of Credit…credit worthiness
- November 11, 2014
- Posted by: Brian Poncelet
- Category: Annuity, Approved, Disability Insurance, Federal Politics, Hollywood, Life Insurance
Here is the 5 C’s of credit worthiness: 1. Character What is the history of past repayment of debt. 2. Capacity Can they afford it? See GDS and TDS ratios 3. Capital Really net worth..like house (less mortgage, line of credit) 4. Credit Credit bureau and current debt levels 5. Collateral Can the debt be
TDS ratio (total debt service ratio)
- November 10, 2014
- Posted by: Brian Poncelet
- Category: Approved, Disability Insurance, Federal Politics, Hollywood, Life Insurance, World News Insurance
What is the TDS and what does it mean? A debt service measure that financial lenders use as a rule of thumb to give a preliminary assessment of whether a potential borrower is already in too much debt. More specifically, this ratio shows the proportion of gross income that is already spent on housing-related and