Understanding The Basic Finance Options
When it comes to getting your finances in order, it is a good idea to understand a little about all the tools that you have at your disposal. Here are a few reminders of the several different ways you can gather support and information to help you manage your finances.No matter what our goals happen to be, most of us find ourselves in need of good sound finance advice from time to time. We can find all sorts of qualified finance advisers around us. Our local bank is usually willing to help us understand the workings of saving and investing, and without charging anything for going over the basics. Many communities have non-profit organizations that help with preparing budgets and providing counseling when persons are in need of a few tips on breaking bad financial habits.Counseling is also available to help you meet long term financial goals as well. As an example, if one of your goals is to finance college tuition for your children, a qualified counselor can help you set up a savings program that will allow you to set aside an equitable amount on a regular basis in some sort of interest bearing account. By using a finance calculator to layout your monthly budget, and make sure your budget is realistic, you can begin to make headway toward building that college fund.Of course, it may be that you need some guidance in seeking a finance loans to purchase a home or start a business. You will want to speak with more than one finance lender, so that you can do some comparison shopping on finance rates, monthly repayment terms, and how much of your monthly payment will be applied to your principle. You also want to know if there are any penalties for paying off the loan early, or if there are any incentives that would make it worth your while to retire the debt earlier than planned.Finance equity can also be a topic where you would want to seek some expert advice before making a move. Understanding just exactly how much equity you current have in your property can make all the difference in evaluating your overall financial health. This is especially true if you are considering the sale of a portion of your properties. Without a reasonable amount of equity accrued, you may find it advantageous to hold on to the properties for a little while longer.If you want to learn to handle more of your finances on your own, there are probably several avenues in your community where you can take a finance course or two. Your local community college may have courses that can be taken in the evenings or on weekends. Credit associations often have short term courses that are geared toward particular areas of financial management. Check in the phone book and with your local chamber of commerce to find out what opportunities are coming up.Record keeping is also important to your fiscal health. If you have a home computer, you can avail yourself of finance software. Some computers come with basic finance tracking packages already loaded into the hard drive. If you need something a little more robust, there are a number of different software programs on the market today. Often, you can download a trial version of any finance software you are interested in and see if the package will do everything you need it to do.With so many tools at your command, you can arrange your finances and begin to set goals that will make life much easier for you in the years to come.
How to Set Up a Legitimate Home Based Business
Of the various home based business ideas you’ve come up with, you were able to make your choice and now you’re raring to get started. If so, start right by establishing a legitimate home based business and applying for the necessary permits and licenses.What You Need for StartersThe first thing you need is a permit to do business, and you’ll get this from both your local and state government. You will also need a permit for all signage ads you intend to use, in the event that you’d want to establish your own store at home. Keep in mind that you’ll be paying a fee for every signage so try not to go overboard. A Fire Department permit is always necessary, and it usually entails having your own fire extinguisher – even a small one would do – at home.Choose a FormAre you alone in your plans of establishing a home based business or do you have other people contributing capital or skills to the business? What are your future plans for the business? Both questions are important to answer immediately as they can help you determine the ideal form for your home based business to take.Sole proprietorship is the quickest to set up and enjoys the most number of tax benefits. But of course, sole proprietorship also makes you and only you personally liable for losses incurred and violations committed by your business.Partnership is the next form in the organization ladder. It’s relatively easy to set up and has its own advantages to offer as long as the partners can work in harmony and without violating their partnership agreement. Keep in mind, however, that any home based business owned by a partnership will immediately dissolves if any of the partners dies or leaves the business.Home based businesses can be owned by corporations, too. The incorporation process make take a lot of money, time, and paperwork to accomplish, but it also provides the greatest amount of protection from liabilities for its directors and stockholders.Pick Out NamesMost home based businesses use sole proprietorship as the form of their business. Assuming that you’ll do the same and you intend to use your own name for your business, there won’t be any need for registration then.If, however, you intend to operate your business under another name then that’s something you’ll have to register as required by the Trade Name Registration Act. To avoid making repeated trips for registering your business name, try having several alternatives ready in case your first choice isn’t accepted.Legitimacy is occasionally judged on the mere basis of a business’s name so take care when picking out a name for your home based business. Choosing one that sounds too much like a competitor’s could make people think you’re not averse to using illegal tactics to do business.Choose a name that best represents your business and one that can easily catch people’s attention. Try not to make it too difficult to spell as your business name, in ideal cases, would also be your website’s domain name. Generic names might sound cute at times, but the law generally doesn’t approve its use as a business name.Pay Your TaxesLegitimacy may be established earlier on, but it’s also something you have to consistently prove. One way of doing so is by paying your taxes properly and on time. Customers in general have greater respect for home based businesses managed by diligent taxpayers and they’re quicker to trust such businesses, too.Be meticulous in keeping your books. A home based business is entitled to certain home office benefits as specified by the law but you’ll have to submit documentary proof before your deductions can be approved.Get AccreditedLast but not the least, work hard to obtain a positive rating from the Better Business Bureau; a commendation from the said agency is the best proof you can obtain that yours is indeed a legitimate home based business. You will not be evaluated by the BBB if you don’t ask for it. You also have to pay a small fee for the accreditation and yes, you have to pay even if you don’t like the end result. Aim to have the BBB OnLine Reliability seal on your website and don’t worry, your customers can guarantee that it’s not a fake because they can click on the confirmation link redirecting them to the BBB site.
Looking for Ways To Finance a Franchise? There Is Only 1 Way When Financing a Franchise Investment!
You’re there. You have made the decision. You’re committed. You have timelines now. We’re talking about your franchise finance decision and the next challenge you have in the franchise process – financing a franchise. How many ways to finance a franchise are there? Only one… the right way! And we’ll show you how.The ability to finance your franchise properly and satisfy the requirements of the franchisor without putting you overly in debt is what it’s all about of course. And if you do it right then you of course have the potential to grow a business, profit from it, and build owner equity for either long term resale of personal financial gain. That’s simply what it’s all about, and boy does it help if you like what you are doing, at the same time taking on the entrepreneurship role in Canadian business.The good news is that your are lucky, because franchising couldn’t be any hotter or more popular. Franchises move goods and services in the billions in Canada, and you’re now part of that movement.But let’s be realistic, whether it’s a franchise investment of any other business start up the same critical needs apply relative to planning and financing.Homework. Did you hate it in school? Well here it is again because we strongly suggest to clients that you are now in homework mode when determining how financing a franchise works. It’s all about planning, which includes ensuring you have a profitable potential business on your hands, as well as understanding ways to finance a franchise in Canada.Business plans are critical to your franchise investment. It’s a case of demonstrating your business has both profit potential plus, and this is what interests the lender, that you have the ability to repay your debt and loans. The franchisor naturally is interested in long term success of the chain, and your ability to pay royalties as they become due, usually monthly.When you address the franchise finance decision you must consider a number of items – they are as follows – what is the total all in cost, what methods are available to finance each part of the cost breakdown, and finally, and perhaps most importantly, how is the actual financing done.The costs to assess in a franchise finance investment are as follows – the initial franchise fee, the cost of fixed assets or leaseholds to your business – i.e. equipment, signage, vehicles if required, etc. And finally, if you did all that and didn’t address working capital for ongoing operations and growth then you are setting yourself up for failure.Clients are always looking to us for a magic solution and a one stop finance strategy for their franchise investment. The closest we can come to that is the government BIL/CSBF loan, under which the majority of franchises are financing in Canada. You can successfully augment this strategy by equipment financing for a variety of assets as well as a small working capital loan, usually unsecured. Don’t forget also that your own owner equity investment becomes the final piece of the puzzle.And getting back to our business plan, ensure that you have covered off all the debt you need and that if reflects your ability to pay it back.Financing a franchise. Challenging? Yes, we guess so. Possible? Of course. Speak to a trusted, credible and experienced Canadian business financing advisor with franchise experience who will help you navigate, successfully, the only way to finance your new business – the right way!
Are You Choosing the Right Stock Market Advisory Company
What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.
If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:
How much assistance do you actually require?
Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.
Choose a top ranked advisory company
It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.
Asking for a sample financial plan initially makes sense
When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.
Conclusion
The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.
Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.
Hidden Advantages of Outsourcing Services for the Car Loan Industry
Let us face the reality that today, we live in a ‘do-it-yourself’ way of life. As they should, people want to show off their auto repairs, home improvement projects, and many other tasks that majority of us would more often not seek professionals to perform the task, as they just prefer to do it by themselves.
It is absolutely a great value in a number of ways. You can gain expertise from your experience. Sometimes, it does not necessarily mean that it is a better way to go from doing something by yourself because oftentimes, it pays more to hand over and look someone for help.
Many of the car loan businesses are beginning to worry about not only getting in the game but also in maximizing their returns with all sizes racing to compete in the lending market. To outsource car loan business services, many industry experts understand that it is often considered more cost-effective.The most obvious reason for doing this is because industries don’t have to hire new staffs or underwriters solely for car loan operations and services. You have to keep in mind that those industries are also avoiding the other expenses related to assisting the infrastructure associated with an internal underwriting team.
But the advantages don’t stop there because there are a number of hidden advantages that many businesses fail to consider when entertaining ideas of outsourcing their car loan business processing that includes staffing and funding. Here are some of the hidden advantages of outsourcing for car loan business:
Increase the Number of Loans that Leads to More Net Profit
Just consider it as any consumer business committing to sales. As this dealer management is all about being able to see, looking for your niche and catering your offers to the biggest needs of your dealers. Better and stronger relationship with dealers and having more dealerships in the network in order to drive portfolio growth is one of the end goals of outsourcing some services when you are in the car loan business.
Improved Relationships with Customers
Your staff will be able to intensify its focus on strengthening relationships with your customers- making visits, gathering feedback and better addressing their needs that will drive growth for your car loan business portfolio.
A Guideline that Allows the Outsourcing Provider to Serve as an Extension of Your Car Finance Team
Your outsourced car loan provider should be able to efficiently, quickly, and easily customize its financing scorecard to fit your representation. By doing this, it guarantees that making a decision for car loan financing is consistent and fits your appetite and business plan.
Access to Consultation and Expertise
It allows your business to avoid common pitfalls that businesses fall victim to when trying to get in-house functions off the ground when outsourcing your car loan business processing. Through outsourcing, those businesses must hire the expertise that is readily available.
After-Hours Process
By waiting until the next business day to respond to proposals, don’t miss out on those deals especially over the weekend when many consumers have time to hunt for motorcycles, cars, and trucks.
It will absolutely offer a significant benefit over businesses with in-house operations that are confined to traditional business hours when you have an access to after-hours processing service.
Would You Benefit From Making Early Payments on Your Auto Loan?
Monthly payments make up an important element of the auto loan. The amount of money that you will pay each month depends on a number of things; such as the money you put down, the value of the car, loan term, your current income and credit score, etc. Many a times people wish to repay their auto loan earlier than their term or wish to get the loan refinanced. Understanding the effect of paying your loan early vis-à-vis making timely payments can help you in making a well-informed decision.
Pay Early or Pay on Time: The Auto Loan Question
· Are you interested in making Early Payments?
You know you are a financially adept individual when you think about paying your auto loan early rather than spending the money on frivolous things. The following pros and cons of prepayment will take you one step closer in making the right decision.
Pros: The reduction in the interest amount can help you save a great deal of money. Paying off your auto loan early gives you the financial freedom to use that money elsewhere. Secondly, if you are going to receive a large sum of money in the near future, it is wise to prepay your loan instead of spending it elsewhere. It will make your debt-free early and allow you to live a tension-free life.
Cons: Timely auto loan payments mean that you have planned your finances in an efficient way. If you repay your loan all at once, it may project that you are unable to manage your credit. Remember prepayment of your auto loan will not hurt your credit score, however, it will not improve the score either.
· Do you believe Timely Payments are a Good Choice in the Long Run?
Small payments made every month can surely have a positive impact on your credit rating. The following pros and cons will help you clarify the advantages and disadvantages of timely payments.
Pros: Timely payments made every month are certain to keep your credit score in check. Many a times people may forget to make the payments on time. However, automatic bank payments can help you to keep your payments regular. A shorter loan term with timely payments will help you in obtaining lower interest rates and an overall cheaper auto loan deal in the future.
Cons: An automatic timely payment means that you will have to maintain a certain balance in your bank account, which may temporarily block your finances. A certain amount of your income gets allocated to the monthly payment. Compared to a prepayment strategy, timely monthly payments carry less financial freedom.
Your Auto Loan Payment Schedule: What is Best for you?
Income is an important element that decides which option you should choose between paying your auto loan early and making timely payments. If your monthly payment is manageable and your income supports the loan, you should opt for timely payments. However, if your income source is unstable and you require a car on an immediate basis, you should opt to make a prepayment of your entire loan. On the basis of your financial situation and circumstances, make the wiser choice.
Are you looking for a car loan that matches your financial situation? Choose RapidCarLoans.net. The bad credit auto financing company offers customized pre-approved auto loan options to car buyers. Zero pre-payment penalty means you can pay off your loan early. Apply now.
Can Bankruptcy Help Prevent My Car From Being Repossessed?
According to The Washington Post; “A record 7 million Americans are 3 months behind on their car payments” – February 2019. That title says it all. In other words, if you are filing bankruptcy and have missed your car payments, but you still want to keep your car, you are not alone.
The Credit Union Journal has a recent article in the May 2019 edition titled; “In avoiding subprime auto loans, are Credit Unions shunning their roots?” It turns out that car loan defaults are once again at historic highs. This is a nationwide problem for lenders, and not just locally here in Ventura County or Los Angeles County.
There are legal remedies you can deploy to stop your car from being repossessed. Many consumers do not realize that under both Chapter 7 and Chapter 13 Bankruptcy Law you can temporarily prevent car repossession by your lender. This is because during bankruptcy proceedings the court issues an “Automatic Stay” prohibiting and preventing the lender from repossessing your car. The lender can ask the court remove the ‘automatic stay’ and if the court agrees, the lender may take possession of the car anyway, but this temporary stay may be all you need to get the lender’s attention to work with you and your attorney on a modified repayment plan.
The best way to deal with this situation is to be in contact with your car lender, and it’s best to do that through a bankruptcy attorney, it holds more weight. It also stops the lender from trying to bully you. Your attorney can renegotiate the terms and help you set up a new payment structure thus, allowing you to keep your automobile in a bankruptcy.
Consider if you will that lenders don’t really want to repossess cars, they are not in the automotive business, they are in the lending business, they just want to be paid, as per the original agreement. If they realize that isn’t going to happen, they will weigh their options and consider what’s best for them. Perhaps, a reduced interest rate, reduced balance, or renegotiated terms are better for the lender than a repossessed used car with low resell market value due to wear and tear and depreciation. Face it lenders do not want to lose any more money than they absolutely have to.
Another important point you must remember; the ‘automatic bankruptcy stay’ is only temporary, and if you haven’t been making timely payments, once your case is closed you can expect the lender to demand return of the car or they will repossess it. Also keep in mind that the stay is only good during the bankruptcy proceedings which for Chapter 7 lasts about 3 months or so.
What’s the Best Way to Prevent Car Repossession During Bankruptcy Court Proceedings?
Make the payments
Make up missed payment
Come up with a repayment plan, ask court to approve it
Stay in contact with the lender through your attorney
Ask for some help perhaps paying interest only for a couple of payments
Renegotiate the Car Loan
Ask court if you can buy your car back for its fair market value (Redeeming Your Car under Chapter 7 Bankruptcy Law).
Ask your bankruptcy attorney about ‘cramdown’ strategies in Chapter 13 bankruptcy
What Can You Do If Your Car Is Repossessed Before the Bankruptcy Filing Date?
Ask your bankruptcy attorney to help you come up with a repayment plan so the lender can get the missed payments. If this has happened to you, and if your car has already been repossessed, do not delay. Call your bankruptcy attorney now! That’s probably the best advice of all.
Summing it all up!
You need to know your rights and understand the motivations of your lender. You need a good solid bankruptcy lawyer who works for you, one who has dealt with the local lenders here in Ventura and LA County. An attorney who gets it and has decades of experience. With the right strategy, you’ll be able to keep your car, prevent humiliation, and prevent loss of your transportation. After all, we live in California and you need a car.
Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry?
Banking, as we know it, has been around since the first currencies were minted-perhaps even before that, in some form or another. Currency, in particular coins, grew out of taxation. In the early days of ancient empires, annual taxation on one pig may have been reasonable, but as empires expanded, this type of payment became less desirable.
However, since the Covid situation, not only have we seemed to move to a “cashless” society, (as who wants to handle potentially “dirty money” in a shop), and with “contactless” credit card transaction levels now increased to £45, and now even tiny transactions accepted, such as a daily newspaper, or bottle of milk, get paid by card.
Did you know that there are over 5,000 crypto currencies in use already and of them Bitcoin features highly in that list? Bitcoin, in particular, has had a very volatile trading history since it was first created in 2009. This digital cryptocurrency has seen a lot of action in its fairly short life. Bitcoins initially traded for next to nothing. The first real price increase occurred in July 2010 when the valuation of a Bitcoin went from around $0.0008 to in the region of $10,000 or more, for a single coin. This currency has seen some major rallies and crashes since then. However, with the introduction of what are called “Stable” coins – those backed by the US Dollar, or even Gold, this crypto currency volatility can now be brought under control.
But before we explore this new form of Crypto-based E-Commerce, as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how the Banks themselves have changed over the last 50 years or so.
Who remembers the good old Cheque Book? Before Bank Debit Cards came along, in 1987, cheques were the main way of transferring assets with others, in commercial transactions. Then with Bank Debit Cards, along with ATM’s, getting hold of one’s FIAT assets became a lot quicker, and for on-line commercial transactions.
The problem that has always been present with Banks, is most of us needed at least 2 personal bank accounts (a Current account, and a Savings account), and one for each business we owned. Also, trying to move money from your bank account “swiftly” to say a destination overseas, was anything like SWIFT!
The other issue was the cost. Not only did we have to pay a regular service charge on each Bank Account, we also had a hefty fee to pay on every transaction, and, of course, in very rare occasions we would not get any worthwhile interest, on money in our Current Account.
On top of all that, Overnight Trading, every night, using expert financial traders (or, latterly Artificial Intelligence (AI) Trading systems), all of OUR assets would be traded, and with the economies of scale, the Banks became a Major Earner on our assets – but not us! Have a look at the potential business to be made from “OVERNIGHT Trading”.
So, to summarise, not only do the Banks charge a hefty fee for storing, and moving our assets, by the use of clever Trading techniques, they also make hefty profits from trading our money on the Overnight circuit, for which we see no benefit.
The other point is – do you trust your Bank with all your assets?
How about what Bank of Scotland, who were THE Scotland National Bank, now owed by Lloyds Banking Group, have been recently labled, in a September press release that stated “Lloyds Bank Asset Frauds – The Most Serious Financial Scandal of Modern Times.”
Why not Google that web site, and then make your own mind up?
So, now let us take a look at how a Crypto-based E-Commerce system should operate, and how the advantages that the Banks enjoyed with OUR money, can become major profit centre for the Asset Holders – US!
On 10th October 2020, a major new Crypto-based E-Commerce company is being launched – FREEBAY.
Briefly, FreeBay, based in Switzerland, is a company incorporating its own Blockchain technology, with its own SAFE Crypto Coin ( Based on V999 technology ), and enables its members to transfer their FIAT assets into Gold Bullion, removing the need to involve any BANK.
V999: digital gold empowered by the blockchain; a digital token, backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one tenth of a fine gram gold bar, stored in vaults. If you own V999, you own the underlying physical gold, held in custody. On top of that, FreeBay members can purchase packages that include powerful Automatic Intelligence-Based Trading Robots.
So now, you can not only achieve total independence from a standard BANK, but you can also trade, like the Banks, your digital Gold assets, in the form of V999 Crypto tokens, on the OVERNIGHT systems, only now you, the asset holder, get the rewards, not the Banks.
But there is even another great advantage in trading V999 Tokens. As you would be the Generic owner of the token, so, like the Banks, every time a V999 token is traded (i.e. sold), say, to purchase Bitcoin, or any other Crypto currency, a Transaction Fee is charged. Every time a transaction takes place, the generic owner of the V999 token gets a small percentage of that Fee.
Note, that once a Trade takes place, and a V999 Token is sold, in exchange for say Bitcoin, or any other Crypto coin, a small %age of that Transaction Fee is paid to the GENERIC OWNER of that token (i.e. YOU). Because Freebay’s objective is to make the V999 Token one of the most sought-after safe Crypto coins, even after your Token has been sold to another Trader, as you are still the Generic owner of the V999 Token, whenever that Token is traded by any other Trader, it is you – the Generic Owner of that Token that gets paid the Trading Commission.
This could not only create a great Passive Income for you, for life, but is Willable to your descendants – and not a conventional bank involved anywhere.
So, the more V999 Tokens you buy, and get into circulation, the bigger and better with your Residual Income – for not just your lifetime, but probably for your dependants – could become a reality.
Interested enough to find out more? Then click here.
OK, if you are looking to participate in the new Crypto E-Commerce environment, using powerful Blockchain security, moving your assets from FIAT currencies, into digital gold, with the all-new V999 Gold-backed Token Crypto Coin, just to protect, and grow your assets, then you are already on a winner. Add to that, the fact that you are cutting out the middleman (the Banks) – and their fees, as well as trading your own assets overnight, using Robots, so that profit is all yours. Then, as you trade your V999 tokens, you get a small part of every trading transaction fee. But on top of that, when your Buyer then trades your Generically owned V999 tokens, you get paid a commission on that as well. All this generating on-going residual income. But then, what if you spread the word to others, and they join your team, you win again – and again… (Click here for a no-obligation link to my team).