How You Can Overcome Intrusive Thoughts

intrusive thoughts“Meditation, mindfulness and other tools can help us avoid unwanted thoughts,” says social psychologist Daniel Wegner in this month’s edition of Monitor on Psychology.

Have you ever wanted to avoid thinking about a particular experience or topic only to find that it continually intrudes into your thoughts and activities? And the more you try to suppress the thought the more intrusive it becomes? Wegner, a Harvard University Professor, terms these thoughts “white bears” and after encountering these thoughts 25 years ago, delved into research on thought suppression.

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A simple definition of a mortgage is a type of loan you can use to buy or refinance a home. And no, there are no such things as long-term mortgage. There is only a short-term mortgage. I won't go into that much detail, but the main difference between a mortgage and a loan is that a mortgage can be forgiven if you aren't able to pay the mortgage back. You can think of a mortgage as a form of debt. When you buy a house, you buy that house. If you don't pay for it, you can sell it at any time and get to whatever value you put on it. We suggest visiting websites like https://www.sofi.com/home-affordability-calculator/ to get all the information you need about mortgages.

 

This new type of reverse mortgage would help retirees generate much more income - MarketWatch

In reality, many people have several different types of mortgages, including tax-free mortgages, mortgages that are also for payment to the bank and interest-free mortgages. Some borrowers choose to buy a home with a tax-free mortgage, but some prefer to buy a home with a loan from their bank that they have to pay back. A tax-free mortgage is one that is tax deductible but that also doesn't come up to its full value until after you have paid for the mortgage and the monthly rent. For instance, if you bought a house for $200,000 and it was worth $210,000 after taxes, the $55,000 you paid for it will be tax deductible, but the $210,000 you owe the bank for the mortgage will not be.

Why Do Some People Refinance?
Some people prefer to pay back their mortgage faster than they owe the bank. Others prefer to pay less money into a mortgage than they are able to pay back. There is a huge world of options to choose from. You can get tax-deductible loans, you can get a loan with a fixed interest rate, or you can use an unsecured loan that you will pay off by getting a loan from the bank. You can get a fixed interest rate or a variable interest rate. The question is what type of mortgage do you want?

Here is a good reason to refinancing your mortgage:

Pay off the mortgage faster
Another reason to refinancing your mortgage is that you have a debt. You have an interest and principal obligation to pay for the home that you are now paying for. Do you really want to pay off that debt with a mortgage? Of course not! After all, how can you afford to pay off that debt if you are only paying off the mortgage?

So why do we want to pay it off faster?

Well, one reason is because paying off the debt quicker will leave you less money to spend on stuff. For example, suppose you are in your early 30s, have a relatively large pay grade and a nice house that you would like to sell. Let's say your real estate agent, on a good day, says you have a $250,000 house that needs around $10,000 in repairs. So instead of trying to sell the house, you let it sit for a year or two. That money you spent on making repairs will help you afford to pay off your mortgage faster. So, you could refinancing for $25,000 per year. Now, instead of paying for the mortgage, you are paying for the house, not spending it on anything else. That way, if you buy something nice, you are the one paying the bill instead of your lender.

Are You Skeptical About Starting Your Own Mindfulness Practice?

mindfulnessSome people begin a mindfulness practice with a long history of meditating, a knowledge of Buddhist practices and a belief that mindfulness will solve their problems. Others hear about mindfulness practice and are skeptical or doubtful that it can have any real impact on their physical and mental well-being.

Research studies conducted over the last 30 years have found that mindfulness practice can result in reductions in medical and psychological symptoms in a wide variety of conditions, such as anxiety and panic, chronic pain, psoriasis and immune functioning. But mindfulness is more than a set of techniques. In order to be effective it requires a certain attitude and outlook. Continue reading “Are You Skeptical About Starting Your Own Mindfulness Practice?” »

5 Easy Steps to Start a Mindfulness Practice

mindfulness practiceIn a recent post I mentioned the mental and physical benefits of meditation and mindfulness practice.  But if you don’t have experience with meditation or mindfulness, incorporating a practice into your daily life can seem daunting.

In his book, Full Catastrophe Living, Jon Kabat-Zinn makes recommendations on how to get started on establishing a mindfulness practice in your life. Continue reading “5 Easy Steps to Start a Mindfulness Practice” »