WELCOME TO IAMAK.COM

Thank you for visiting my website.  The purpose of iamak.com is to provide as much information as I can to assist those who are struggling financially, those who are trying to rebuild their credit or financial stability, and those who are looking to purchase, sell, or invest in real estate.

I, Shaanta Kamai, have been through the struggles of managing my finances and getting out of debt.  I have also had to rebuild my credit, so I know what it is like.  Furthermore, I have seen these same struggles ruin individuals, couples, and families.  But STOP for a moment and understand that money comes and goes, but YOU and your relationships should be constant.  Believe in yourself--YOU can change your situation.  The most precious gift given to us is our free agency.  Not just to decide or make decisions, but to make changes and to take action.  I hope my information and the information of the affiliates that have helped me, will inspire YOU to make the changes necessary to be free.

FINANCIAL NEWS

Credit Score News

According to About.com: Home buying the credit score is comprised of five elements, the breakdown is as follows:
  • 35% - Payment History: Number of accounts paid; Collections or negative public records; Delinquent accounts; total number of past due items, how long past due; how long since you made a late payment.
  • 30% - Amounts You Owe: How much you owe on accounts and the types of accounts with balances; How much of your credit lines you've used; Amounts you owe vs. their original balances; Number of zero balance accounts.
  • 15% - Length of Your Credit Score: Total length of time tracked by your credit report; Length os time since accounts were opened; Time that's passed since the last activity: The longer you show good credit history, the better your score.
  • 10% - Types of Credit Used: Total number of accounts and types of accounts (credit cards, mortgages, car, etc.). A mixture of accounts usually generates better scores than only numerous credit cards; they practically throw credit cards at us, yet the credit score goes down with too many credit cards.
  • 10% - New Credit: Number of accounts recently opened; Proportion of new accounts to total accounts; Number of recent credit inquiries; The time that has passed since recent inquiries or newly opened accounts; if you've re-established a positive credit history after encountering payment problems.

PLAN OF ACTION

SMART Goals

A useful way of making goals more powerful is to use the SMART mnemonic. While there are plenty of variants (some of which we've included in parenthesis), SMART usually stands for:
  • S - Specific (or Significant).
  • M - Measurable (or Meaningful).
  • A - Attainable (or Action-Oriented).
  • R - Relevant (or Rewarding).
  • T - Time-bound (or Trackable).
For example, instead of having "To sail around the world" as a goal, it's more powerful to say "To have completed my trip around the world by December 31, 2015." Obviously, this will only be attainable if a lot of preparation has been completed beforehand!
Thought of the Week

“The best thing about the future is that it comes only one day at a time.” Abraham Lincoln
Harvard Business Review

How Will You Measure Your Life? by Clayton Christensen

9 Things Successful People Do Differently by Heidi Grant Halvorson
Recommended Books

The Four Laws of Debt Free Prosperity by Blaine Harris & Charles Connradt with Lee Nelson

Real Estate News

2011 Lien Law Changes

Foreclosure-to-Rental