Preminent Debt Soutions

Preminent Debt Soutions We are a debt, financial, and housing consulting agency. Our goal is to help you fulfill yours.

Remember what was said on this page. Don’t miss your chance, because this box will $1000 before it’s a year old.
05/25/2021

Remember what was said on this page. Don’t miss your chance, because this box will $1000 before it’s a year old.

05/18/2021

Investing is such a interesting and controversial topic, and it’s very likely that no two people would create the same portfolio. There is Real Estate, Market based investments like stocks, Crypto, which i spoke of earlier, and collectibles.

Here today i want to speak on collectibles, specifically trading cards, and tell you where i think the money is, and also where i personally would put or have put my capital.

Sports Cards: These are lower tier hot, but that still underestimates their interest, and volatility. Their value is based upon card rareity, contains memorabilia, and quality of athlete. A Lebron James auto RC has auctioned for millions, while a Greg Oden auto RC may fetch $20-30 for someone who covets it.

Pokémon: These are at the top of the mountain, and the most at risk for speculation. People are buying boxes, and sending the whole thing in for grading, which permanently keeps its condition, but creates a lack of natural atrophy that occurs when boxes or packs are opened. Unless a card is known to be of a low print run, you can expect hundreds of thousand of copies to exist which means it could could take a decade or more to see substantial gains.

Magic: the Gathering: Established in 1993, and continuing strong today with multiple set releases per year. Alpha, Beta, and Unlimited Cards are where high rollers play, where one card can easily fetch $5-10,000, and sealed product clearing $70k. Mid-to-late 90’s sets like Homelands, Ice Age, and Fifth Edition have little to no value on individual cards, but sealed Booster packs and boxes have skyrocketed in relation to card value, fetching $500-$1000/ea, easily. Arabian Nights and Revised continue to be the most undervalued sets, and are inline to see growth in the next 5-10 years. Newer Sets like Core 2021, and Ikoria were secretly short printed and look like solid 3-5 year investments when a box bought for around $110-120/ea can be expected to climb near $300/ea in that window, providing almost a 200% gain in just a few years, blowing any stock away.
..And finally the new man on the Block. First released in 2019 “Flesh & Blood”, has released four core sets to date, the latest “Monarch” i’ll get to. Alpha sets in original Rathe are fetching $7-8000 per box, Arcane is commanding $4-5000 per box, and Crucible $1-2000 per box. Newly released Monarch has been an insanely hot product with average box prices 4-5x MSRP. This set has already produced a handful of cards selling north of $500/ea. Monarch will be the litmus test for the future of FAB. If the set is strong in power, and reasonable in quantity, they’ll be here for the long haul, and every set will see a jump in value because of it.

My Final thoughts: I am not a player of any of these games, nor own any sports cards of significance. I have started building a position in MTG Duel Decks, Revised Dual Lands, and Ikoria Boxes. the later two i will continue to buy into. To date i have purchased 4 Boxes of Flesh and Blood “Monarch”, at a price point of $420/box, and will look to add 1-5 more based on price and availability. Opportunity like this does NOT happen often, folks. This box is going to be a $3-5000 box in 24 months. DO NOT pass this up if you can build a position, you’ll regret my update when it happens. Very seldom can you increase your money 7-10x. See you soon.

05/17/2021

Facebook family, it’s been a few weeks but i wanted to touch on a rising investment interest in recent weeks. Doge coin, and other crypto currency’s have become hot penny stock type of investments for middle and lower middle class Americans.

I just want to talk about where i see it going and things to be aware of moving forward. If you have long term aspirations for Doge coin, end that today, it will never be a viable alternative currency. The developers will never put forth the effort to make it viable. As for BitCoin amd Ethereum those will
continue to be the lead horses now and into the future with a few like Litecoin and Internet Computer as sleepers.

I see a massive downturn to the crypto market in the coming years, and as this falls occurs, you can add to your position all the way to bottom, especially in BitCoin, if you’re comfortable. I do have greater concerns due to the recent fall of BitCoin because of Elon Musk’s comments. This is cause for concern because this shows that BitCoin and other Crypto’s may never fully be embraced as a Cash alternative, and instead just another market based investment.

In the interest of transparency I have a significant position in “district0x” based on the Ethereum platform. It’s known for fast transactions and has been around for almost 5 years, and I think it’s extremely undervalued.

The Mortgage is the quintessential investment tool utilized by Americans. It’s been woven into the American dream, and e...
04/16/2021

The Mortgage is the quintessential investment tool utilized by Americans. It’s been woven into the American dream, and even as housing prices skyrocket across the country, there is no shortage of takers in this market.

What we will be talking about today is not the risk, cost, or dangers of the mortgage, but some opportunities that exist.

1. Turning extra rooms into rental income. This is a staple of Single homeowners, or those offering a family member a cheap room. depending on your market, you can comfortably expect to net $300-$1000/mo and possibly even more in some markets, especially if you include amenities such as free Wi-Fi, and utilities.

2. Tax incentives.
a) You can dip into your IRA(should be an Roth) for up to $10k without an early-withdrawal penalty and up to 50k(Now 100k under the Cares Act)from your 401k or TSP(be warned that you’ll have to repay the loan before the next years tax return if you leave your job). A nice way to help fund that down payment to avoid PMI.

There are also more a plenty such as Property Tax deductions, Mortgage Points deductions, Energy deductions, Medically necessary improvements, Rental expenses, Mortgage Interest, and Home office to name a few.

3. The HELOC. I am much more partisan to the HELOC or Home Equity Line of Credit as opposed to refinancing and taking equity out of your home. For those who qualify for the HELOC at 5% or below you can borrow up to 85% of the homes value minus what is still outstanding on the mortgage. This is an amazing tool to have at your disposal.

So, If your home is worth $500,000 and you still owe $250,000 you can borrow $425,000(85% of the homes value), minus the $250,000 remaining.
So your available credit would be up to $175,000 + a fixed rate of interest.

Some brokers, financial advisers, and even other home owners will tell you, that a Refi is the way to
go. It’s your money, and often at a lower interest rate than a HELOC. However, You’re pulling value out of your home, and it’s wise to keep that buffer in the event of a down turn in the market, you encounter a situation where you need to sell fast, or if an unexpected “EMERGENCY” happens. Never surrender the value of your property.

The HELOC is a tool that can be used to:
1. Pay off high interest credit cards
2. Cover a medical emergency
3. Cover a transportation issue
4. Down payment on rental house(*)
5. Home Improvements
..and so much more.

again my personal strategy is to leverage the money of rich people, not myself. Don’t take from yourself with the refi, go with the alternative route with a HELOC.

04/14/2021

Today we will be talking about a little discussed financial opportunity for those in the retail and service industry. Keep in mind service jobs like that of a waiter, bartender, and to a lesser degree busing stand to make a premium over other jobs due to tipping, but the same rules apply.

1. Get a job in said industry(s). If you’re in the 18-25 demographic this will be slightly easier.

2. Agree to hours offered at hiring to show dedication and responsibility. Agree to overtime, agree to say late, and agree to work your off days.

3. Once you’re established, cut your hours down to ONE day per week. Yes, ONE day. Now what you will then do is let all your coworkers know that you will be willing to take over their shift and/or stay late to finish their job. This will not be hard, as most people want to leave early, party, or simply
make other plans.

4. Negotiate your payment. Ask for $20, accept $10.

5. Know that you will be working your butt off, six or seven days, 10-12 hours, every week. But, as an 18-25/yr old the money you will make is game changing.

You have the chance to make an extra $30-$70/day before you even clock in, just by implementing this business strategy. That’s an extra $200-500/wk. Or.... $20,000/yr TAX FREE.

Feel free to ask question below or message me.

04/12/2021

Are you in danger of being late on a credit card payment, or can’t meet the minimum payment because you charged more than your available cash on hand? Here is what, and what not to do.

1. If you’re unable to make the minimum payment, immediately contact the creditor and see if they’ll let you make a smaller minimum payment until you can catch up. They will most likely agree, because they don’t want you to default on the whole debt. Even if it’s only $25, make a payment. Beware, as this does not prevent accrued interest on the whole balance.

2. If you’re late but not 30 days past due, some companies will allow you to pay your bill with no penalty, check with your creditor to be sure. This generally has no negative impact upon your credit, as creditors don’t often report late payments until 30 days past due, some as much as 60 days.

2. If you’re 30, 60, or 90 days past due, make a payment, and pay off the balance ASAP. This is going to hit your credit for SEVEN years, so do everything you can to avoid this. If the late payment is no more than 30 days and was an anomaly in your credit history, this may be overlooked when borrowing. Again, before you let your account go 30 days delinquent, do anything you can to get the creditor to take a payment of any amount. Beware as you may include three negative marks to your credit history as you hit the 30, 60, and 90 day delinquent marks.

3. If you’re sent to collections, its game over. It’s on your credit history for SEVEN years. You do have the option to contact the holder of the debt and see if they will remove the collection from your credit report for a settlement of debt. Bear in mind though that this is an acknowledgment of the debt, and may reset the clock on your SEVEN year window. Also, it’s technically illegal for creditors to make agreements to remove collections from a borrowers credit. All information on your credit report must legally be accurate, so companies will infrequently agree to even try, as this violate the law. The best thing you can do at this point is ignore the debt in collections, completely, don’t respond to calls, letters, emails, or smoke signals. While this may not be ethical, it’s the easiest and least painful way to deal with a debt in collections.

Lastly, there is a little known trick to manipulate your due date for credit cards. Lets say you max out your $1000 Card on December 20th and payment is due January 20th. If you pay the balance on the next day(December 21st), you now have access to the available credit without payment for 59 days instead of 29. This is because any payment to your account within the billing cycle triggers a payment reset.

Forward any questions you may have.

04/12/2021

The Credit Card is one of the most understood tools we have available. There are huge advocates like me, and massive detractors like Dave Ramsey. I am a firm believer that in order for middle class Americans to take their earnings, lifestyle, and finances to the next level you MUST utilize debt from rich people.

Every American should acquire as many cash back credit cards as they can, and utilize them in your NECESSARY day to day purchases. The ability to have someone pay you for spending the money you already were going to is one of the most financially sound moves we can make. Every possible purchase you can make with the agreement you have the cash to on hand to pay for it, should be on a cash back credit card.

Keep in mind that some companies do a hard inquiry which will ding your credit score, so it’s best to apply for multiple cards in one sitting versus one each day. Also, on day 181 after activating your new cash back credit card you should attempt to increase its limit. Companies have streamlined this process by giving you the chance to apply for a limit increase directly on their website, no agent necessary. And every SIX months after. The goal is $500k - $1,000,000 in available credit.

If your credit situation is a little cloudy, there are
more posts coming your way, for your situation.

04/11/2021

The mortgage is seen as the bedrock of American investment into your retirement and financial portfolio. Due to manipulations in the market though the mortgage can be a volatile investment for the every day American, if you’re not careful and don’t know what you’re getting into.

If you are interested in buying a house I implore you to contact Cherokee Moore, He will give you an upfront and honest assessment of your financial situation, and get you into a home that you want, and can actually “AFFORD”.

04/11/2021

This is the relaunch of this page, I will be dedicating my time and energy to providing you content that will help you with your financial future, questions, and providing debt solutions.

09/14/2017

We're you a victim of the Equifax hack? Do you know the steps to take to prevent your loss of identity?

1. Never give your Social Security or Banking information to anyone you don't know or cannot verify.

2. Make sure you use hard to guess passwords, you can remember. 1-2-3-4 is not a valid password.

3. If you information is stolen, make sure you notify the appropriate financial institutions, and put a freeze on your credit. You should be paying with cash anyway.

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