Blog Blog Copyright by en Sun, 25 Oct 2020 10:43:36 -0400 5 Biggest Challenges First-time Investors Face

Investing is intimidating enough for first-time investors without the recent stock market uncertainties. But to invert the old adage: what goes down must come up. Besides, smart investments can take a long time to become profitable. Investing is a long-term game.

If you’re a first-time investor, we’re here to acquaint you with the biggest challenges you might face.

Learning the Basics

The Internet is a hodgepodge of suggestions. Books are better and trusted sources of information where you can systematically begin to learn the basics. You might want to look into books such as Benjamin Graham’s The Intelligent Investor, Paul A. Merriman and Richard Buck‘s First-Time Investor or William J. Bernstein’s The Four Pillars of Investing. You can even find workbook-style books to help you along the way!

Not Having Enough to Invest

Even if it’s “spare change”, you can invest something. This is a real challenge if your budget is tight. At this point, though, it’s a matter of getting to grips with your finances and finding where you can get those extra few pounds. Then, accumulate. If you only have a small amount you can invest, you can look into partial shares. Yes, these exist. 

Experiencing Losses

Checking how your investments are doing daily or weekly will make you go crazy. But even in the long run, you’ll notice some gains and losses. Seeing losses might get you panicking. Here’s our advice on this. (1) Don’t fall into the sunk cost trap - if you see values dropping significantly in a short time span, sell and invest in something else. (2)  Avoid the sunk cost trap entirely by setting investment goals e.g. to see a 5% return on your portfolio over the next year. If you don’t achieve it, reevaluate your plans.

Not Knowing Where To Invest

You don’t want to have all your eggs in one basket, but investing in too many options can also lead to negligent returns. It’s best to pick 2-3 options to invest in and stick to them. Investment funds and trusts are generally cheaper to buy than stocks and can help you diversify your portfolio. Company stocks tend to be illusory in that a company can seem like it’s doing great on the outside, but on the inside, it might be falling to bits. When starting, it’s better to stick to a more stable option.

Finding Help and Support

It’s always good to get some advice from more experienced investors or professional financial advisors. You can find comprehensive lists, along with free quality advice on sites online. But be careful. Things can go wrong even when you have a professional by your side. In that case, we recommend you have good solicitors on hand, like MJW Law, who have experience with professional negligence claims.

It might seem like a rocky road ahead, but, armed with the right knowledge, adequate support and planning, you’ll manage to find your way through the jungle of investing. Good luck!

Uncategorized Editor Tue, 20 Oct 2020 09:53:09 -0400
What Are The Three Main Financial Statements Used In Business? Are you wondering what are the main financial statements that are used in small business accounting? If yes then this article has got you covered with all the details? The statement the balance sheet and the cash flow are those three financial statements which you should typically understand for business. You need to realize that it is very important to understand each one of them as they are linked to each other. This intricate connection is vital to understand your business. Let's get started.

Income statement

The first thing any investor will ask you is about your income statement. The income statement is vital as it is a reflection of your performance. It is a report which shows how your business has performed throughout each and every quarter. The income statement has the sales revenue as the main feature period gross profit can be found through the statement by deducting the cost of goods sold. The details like net income are also reflected in the income statement. Your income statement will have for revenue and expenses of your business over a certain time which can be either a court or a certain date. The income report will have small business accounting

principles like matching. If one is to summarise that what your income statement reflects then in small business accounting, it is used to assess the the profitability of your own business.

Balance sheet in small business accounting

The balance sheet in small business accounting will be displaying all the liabilities shareholder equity and the assets. If you are not aware then assets must equal the equity and liabilities. The asset portion will have the cash and equivalent which must match with the balance found towards the end of the cash flow. Further, the balance sheet is used to reflect the changes occurring in the major accounts. If you are wondering what changes are reflected then the net income from the income statement. A balance sheet reflects the financial position of the business. One can also see this small business accounting sheet from a lens of a snapshot, where you will get the idea of companies financial picture from a specific duration till the specific duration. As discussed above every balance sheet will contain three sections of assets, shareholders equity, and liability where assets can be termed as a sum of liabilities and shareholders equity.

Cash flow statement in small business accounting

Last but not the least, one of the major financial  statements used in small business accounting commonly is the cash flow statements. The cash flow statement will get the details of a net income and it will adjust it with other expenses which did not include cash. All such compensations are reflected in the cash flow statement. The cash flow statement will reflect the change in cash for a certain period of time. It will also have all the details of the beginning balance and ending balance. One of the key features which are included in the cash flow if statements decrease and increase in cash over a specific period of time that can be from a year to a quarter or a specific date. The statement will remove all the accounting principles in order to show the real cash movements. It further has three sections of cash used in investing, cash from financing and cash used in operation.

Uncategorized Editor Fri, 16 Oct 2020 08:48:28 -0400
I am Concerned About What My Investor Advisor is Doing with My Portfolio. What are My Options? As an individual investor, you probably rely heavily on your investment advisor for advice. You may have even granted your advisor discretion over your account (whether you know it or not), which means that he or she has the authorization to make trades without your knowledge.

Unfortunately, while it would be nice if we could all trust our investment advisors to only act with our best interests in mind, experience shows that this is not a realistic expectation. Investment fraud is a pervasive issue, and each year registered and un-registered advisors siphon millions of dollars from their trusting clients. Elderly widows. Mom and pop investors. Professional athletes. Seniors living in nursing home care. What do these groups of people have in common? They are all attractive targets for unscrupulous investment advisors.

If you are concerned about what your investment advisor is doing with your portfolio, the most important thing you can do is take action to protect your remaining assets as quickly as possible. You can also:

1. Learn about Common Examples of Investment Fraud

What constitutes investment fraud? In broad terms, investment fraud involves a broker or advisor taking advantage of an investor for personal gain. Some of the most-common examples of investment fraud include:

  • Breach of fiduciary duty
  • Excessive trading (also known as “churning”)
  • Misrepresentations and omissions
  • Over-concentration in stocks or other securities (also referred to as lack of diversification)
  • Unauthorized trading
  • Unsuitable investments

2. Find Our if You are Eligible for FINRA Arbitration

The Financial Industry Regulatory Authority (FINRA) is responsible for overseeing the United States’ investment markets. Investors who lose money due to broker fraud can seek to recover their losses through FINRA arbitration. You may be eligible to file for FINRA arbitration if:

  • You suffered investment losses due to broker fraud; and,
  • It has been less than six years since your losses occurred.

Learn more about the requirements to file for FINRA arbitration.

3. Learn about the FINRA Arbitration Process

The arbitration process starts when you file a claim with FINRA. From there, your broker will have the opportunity to respond to your allegations, and then you work your way toward a hearing before an arbitration panel. If the arbitrators agree that you are entitled to recover your losses, they will issue an award requiring repayment from your broker.

4. Read about Real-Life Cases of Investment Fraud

One of the best ways to learn about investment fraud is to read about some real-life examples. The following are all real cases in which individual investors suffered substantial losses due to broker and investment advisor fraud:

5. Speak With an Investment Fraud Attorney

If you believe that you may be a victim of investment fraud, it is important that you speak with an attorney promptly. If you would like to discuss your situation in a free and confidential consultation, you can call (646) 663-5628 or contact a firm onlinefor a free consultation.

Uncategorized Editor Wed, 30 Sep 2020 06:05:54 -0400
What You Need to Know About High-Risk Merchant Accounts Are you running an online business? Does it have the risk of chargebacks? If you wish to process credit card transactions, you would require a high-risk merchant account in this case. However, what exactly is a high risk merchant account and how does it work? Let us know the same in detail.

For opening a high-risk merchant account, you are required to search for an acquiring bank for underwriting the business. However, when you wish to maximize the overall chances of getting a proper account, it is recommended that you should seek services from a professional payment service provider for top-class assistance.

What is a High-risk Merchant Account?

A typical high-risk merchant account can be regarded as an account for payment processing for businesses that are considered to be of high risk to the subsequent banks. As businesses that are high-risk tend to be prone to major chargebacks, they are required to pay higher fees for the respective high risk merchant services.

If a business organization is available with a higher potential for major chargebacks, or if its history reveals multiple chargebacks or refunds, the bank might go ahead with imposing a rolling reserve on the account. It is the total amount of money that will be covering the overall possibility of frauds or chargebacks.

What is a high-risk merchant?

The more chargeback a particular business is known to come with, the higher is going to be the overall risk. As such, the major factors that would matter here are processing history and industry reputation. As per the experts, it is advised that you should aim at keeping the chargeback ratio to be lower than 0.9 percent of the total transactions.

Here are some of the characteristics of the high-risk merchant that you should know about:

  • Over $20,000 sales volume on a monthly basis
  • Poor credit history along with excessive chargebacks
  • Average transactions related to credit cards over $500
  • Business that sells products or services to nations that are known for higher levels of frauds

Who Requires a high-risk merchant account?

A typical instance of a business that involves higher risks is the travel industry. This is because there are several factors in the business that could lead to multiple cancelations. This would eventually result into several refunds along with an increasing number of customers filing for chargebacks. Some of the other industries include forex trading, gambling, adult-themed websites, and so more.

Fees for high-risk merchant accounts

As far as the overall fees are concerned, the truth here is that high-risk merchant accounts are known to cost much more than that for the low-risk accounts. There are some unavoidable costs that a business is expected to encounter. As such, if you are one such business owner, you are expected to be prepared for paying more with respect to the overall account fees and processing charges.

However, you should also realize that higher fees for the respective high-risk merchant accounts had been set as standard several years ago. In the modern era, you can easily come across reliable payment processors offering competitive rates that could be customized as per the specific requirements of your business. A strict commission rate of 15 percent or even higher fees are still known to exist. You are not required to be stuck in long-term contracts –those running for around 3-5 years at a stretch. The same is known to apply for additional costs.

There are several providers of high-risk payments that would still charge you with a proper monthly fee, annual fee, a setup fee, or even the PCI fee. Therefore, it is recommended to read the final contract in depth. Additionally, early termination fee might apply when you would like to close the account before the date that has been mentioned on the contact. The details that specify the termination fee are expected to be included in the given contract. Therefore, it is important to ensure that you should go through the same carefully before signing the agreement.

The payment processing industry is advancing rapidly. Therefore, you should seek services from reliable high-risk payment providers that are responsible for charging you just for the transactions happening on the website or the app.

A Rolling Reserve for the High-risk Merchants

Another costly trait for the account for a high-risk merchant tends to be the rolling reserve. It serves to be an extra layer of protection for the banks against the respective chargebacks or unreliable activities (including fraud-specific cases). Therefore, a specific portion of the volume processed under the credit card tends to be secured (mostly around 5 to 10 percent). It is known to ultimately depend on the processed volume and business model. It is held for a specific period –mostly for around 6 months. After the given period, the time reserve gets released.

The higher the particular risk a business is known to come around, the higher the value for the rolling reserve tends to be measured by the acquiring bank. After the stipulated time, the money gets released as well as automatically settled in one of the weekly statements.

It is important to note that rolling reserve could also be provided to low-risk merchants that might have just started or might possess no credit history.

Chargeback Fees

It is also important to note that chargeback fee is applied when the given cardholder might file for the chargeback. This factor might even ask the bank to dispute the given charge. It is the specific amount of money that is responsible for covering the overall administrative costs of the chargeback’s processing.

On an overall basis, the fees for the high-risk merchant accounts might end up costing twice the amount that is applied on the low-risk merchants. However, when you are running a business that is responsible for processing several transactions on a daily basis, you can go forward with negotiating rates with the respective payment processor.

Uncategorized Editor Tue, 29 Sep 2020 02:12:22 -0400
4 Ways How a Lawyer Can Help You Make Better Investment Decisions Making an investment is always an important decision and there are plenty of factors to consider. There are plenty of documents you have to be familiar with too, so getting some advice from a legal expert is always a good idea. This will help you get a clearer picture of what your investment will entail and what your responsibilities and privileges might be. In short, you will be able to make a better and more informed decision. Yes, lawyers can come pretty handy in many investment-related situations, and here are four great examples you should always keep in mind. 

Venture capital

So you come across a company that's just getting started and that you think has a lot of potential to make it big. Obviously, you want to make an investment and earn profit in the foreseeable future. When you see a startup or a company in early stages that has a lot of potential, you should hire a lawyer to help you go through everything thoroughly. This is venture capital financing, and it has plenty of specific terms and relations. Therefore, it is very much advisable to have expert help when drafting the contract.

Investing in shares

If you're investing in shares of an established company, there are detailed regulations and tax-related issues that need to be taken into consideration. Not to mention that you have to have a clear idea of the potential risk you're getting yourself into. Then there's also the question of the rights and responsibilities you as a new shareholder will have, which is also something you need to be briefed on. Lawyers can also point to the changes in law that affect your positions in these situations, so having one around when investing like this is pretty much a must. 

Real estate

Acquiring real estate, no matter if you're buying it, renting it, or leasing it, can be pretty demanding due to numerous laws and regulations that may apply. And these rules can often be changed or expanded upon quite suddenly – the Stamp Duty Holiday introduced in July 2020 is an excellent example of that. There may be many different roads you can take, with some of them bringing you financial benefit or just better terms in general. Because of that, you should always have a lawyer on your side when finalizing a deal.

Investment fraud

While this is not about helping you invest per se, should you ever find yourself a victim of an investment fraud or even just suspect it, specialized investment fraud attorneys, like the ones at Optimal Solicitors are who you need to seek. They can help you recover your losses and help you find your way through the maze of stock exchanges, brokers and intricate legal particularities of cases like these. Therefore, if your broker or the investment firm you have money with acted in bad faith and caused you financial harm, there are lawyers who specialize in just that kind of thing.

Uncategorized Editor Mon, 21 Sep 2020 23:24:53 -0400
Strategies to cope with student loan stress Being in a debt brings along a long stressful time. Because owing creditors money means your earnings are not yours. You have to give away whatever you earn in order to get rid of the debt. According to research there are different types of loans but student loans stress the youth the most. 

Most loans are student loans and there are collectively trillions of dollars that the youngsters are yet to payback. With this amount of people owing money, you are definitely not alone. If you are here to look for ways to cope with all the student loan stress then you can explore debt management services to get some financial help.

Youngsters spend years stressing about the student loan payback, some because they are not able to earn to pay the debt and the others who are unable to save any earnings for themselves because it all goes to the monthly payback. 

The complexity of student loans contribute to the lack of control causing anxiety. We generally tend to fear things or situations we are not able to understand. Borrowers more than often lack understanding of their student loans because student loans are complicated. Because there are so many details that the borrower needs to worry about. Things are fixed and the variable interest rates, feesd, federal or private student loans, what type of repayment plan they need or what will be convenient for them and the length of the repayment term.

The fact that there are so many decisions they need to take and that even if they cut the interest rates in half still the monthly payment does not cut in half . This makes them burdened so they don’t want to face the debt.

Understandable as the whole situation is now, the fact that we see all the problems straighten up in front of usd the solution has to be by the steps. Solving the first problem we are fading and then going to the next one and then again the next. 

In this article we so far discussed the problems and why the borrowers face such problems now we are going to discuss the solution. These simple and yet effective strategies will help you keep track of your debt, it will help you get rid of all the confusion and so the small strategic ways will be introduced that can make a big difference.

Following are the easily applicable yet impactful strategies to cope with student loan stress.

Organise all the needed details

The first problem we are facing is the confusion that makes the borrower anxious so to get rid of that our first step to relieve the stress level a tad bit is to find all the details and organise them with all the details and all the numbers. Most of the times students takes multiple loans and as a teenager then we don’t pay much heed to keep all the details safe and later when we realise we need those details we cannot help and go back to change the time so here we need to to do some hard work for the sake of your own peace of mind and to get rid of this burden as soon as possible. 

Step 1-Get all the details, organise them, get to know what you were confused about and now make a plan, a draft where you can keep all the needed information and make changes as you pay the rest of the payback money. 

Step 2-When you are done collecting all the needed information now it's time to decide how you are going to pay back. The most common way to payback student loan is the income -based-repayment. It is a Pay-As-You-Earn method if you are not capable of this then you can explore DG institute to get more help. 

Step 3-Now that you know how you are going to make the payments, decide on which one you are going to pay first. While dealing with multiple loans you have to choose the one with the highest interest rate and payback that one first and move on to the next and then the next.

When pretty much everything is organised and you feel like it is under control, it relieves half of the stress.

Create a balance

For student loans we get a grace period after finishing our university or dropping out of the university. Take advantage of this time and do not be tempted by the free time. You need to free yourself of a bigger burden so then you can be debt free. Even during this time keep saving. By creating a balance means decide a specific amount and take that amount out of every month’s income to save up for later. 

Keep saving steadily.

Stick to a simple life rule

Understandably having lived an extremely simple life during college days you must be frustrated and want to live a better and more luxurious life but remember you can only be completely free of the burden when you are done paying the debt. 

Keep living the simple life and hang on for a little longer. Keep living with a roommate in order to share the rent. Reduce electricity bill as much as you can, avoid wasting any energy so you can save the bill money.

Little these might seem but these easily applicable strategies make all the difference. 

Uncategorized Editor Thu, 03 Sep 2020 22:49:21 -0400
Career Inspiration for Students Who are Drawn to Investing A career in finance and investing is not just lucrative, but it’s fast-paced, fun, dynamic, and interesting. If you’re thinking of training to be a business broker or M&A advisor, know that the two fields are different in many ways. As a local business broker, you’ll assist small entrepreneurs in setting up their startups by helping them find the premises, equipment, and other resources. On the other hand, an M&A advisor typically works with larger corporates looking to invest millions of dollars in buying out or partnering with related companies. 

To express the profession in monetary terms, business brokers are typically engaged by small enterprises that have less than around $1 million in sales. However, large-scale companies with sales of more than $1 million would prefer to hire an expert M&A advisor. 

Aspirants Must Take the Necessary Courses and Acquire Licensing

Whatever may be your career choice, the first step is to explore the requirements outlined by the state where you intend to work. Many states expect you to acquire licensing to work as a business broker. You’ll take a Business Brokerage course that trains you in the fundamentals of buying and selling businesses. Having an MBA degree with experience or training in how to sell your company can also help you attain an impressive success rate of finalizing deals. 

Series 6 is organized by FINRA and is called the Investment Company and Variable Contracts Products Representative Qualification Examination (IR). The objective of this exam is to test the candidate’s knowledge and capabilities to work in the investment sector and advise clients on the most viable mutual funds and variable annuities they can buy. 

Business Brokerage Courses Include Diverse Aspects

When you’re preparing to take the exam, you’ll study materials that train you in different aspects of being a business broker or Series 6 representative. Diligent studying and the utilization of a series 6 practice test program helps trainees evaluate their readiness for the official exam. A good practice test will mirror the sections and flow of the actual exam. Some of the skills that you might learn include:

  • Learning the fundamentals of finance and accounting so you can understand how balance sheets, profit and loss statements, and tax returns work. This training is indispensable when you’re evaluating the financial health of the company targeted for a merger or acquisition. If you have an MBA degree, that’s an added plus.
  • Communication skills so you can interact clearly with business owners and stakeholders.
  • Multi-tasking skills so you can efficiently switch between tasks and handle multiple things within a short time. Like, for instance, making phone calls, negotiating terms and conditions, and updating spreadsheets.
  • Time management and prioritizing tasks according to schedule.
  • Planning and organizing deals from end to end
  • Writing sales prospectus, analyzing financials, and marketing activities
  • Strong sense of business ethics and integrity in dealings 
  • Basics of owning and operating a business, candidates who have been entrepreneurs in the past have a distinct edge since they understand the challenges of running a company.

Since business environments are dynamic and constantly evolving, you might find that getting continuing education helps you keep pace with the changing industry trends. Staying competitive is essential to gaining and maintaining the confidence of your clients.

Join a Brokerage Firm or M&A Agency

Having completed your training, you can start off your career by joining a reputable brokerage. Most such agencies work similarly to a real estate organization. They’ll maintain office premises and work with a team of sales agents. Since buying and selling companies needs expertise in different fields like legal, financial, real estate, human resources, and various others, brokerages have experts on board or work with consultancies providing these services. 

Should you choose to join one of these firms, you can expect to get access to all these services along with hands-on experience, mentoring, and advice on how to handle problems and snags in finalizing deals. As you gain experience, you can consider starting your own firm. However, know that completing business sales deals is an intricate process that can take several months and sometimes, up to a year to clinch. The average time is typically nine months. Sometimes, you’ll find that having worked hard for a deal, it still manages to fall through right before the final stages. 

You’ll Work on a Commission Basis

To answer the most critical question of all - you’ll earn remuneration according to the value of the business deal you’re assisting, which tends to fall around 10%. Larger corporate mergers and acquisitions are usually multi-million dollar deals so you can expect to earn more. 

Most brokerages have an “office split” system where the commission from each deal is shared. While you can expect to earn a steady income, the returns from any deals that you complete will also be shared among your colleagues. But, since the firm will likely have 5 to 7 ongoing projects at a time, brokerages do give you steady work. 

Once you gain enough experience in the field, you can think about striking out on your own. Working a career as a business broker or mergers and acquisitions expert is an exciting profession that tests your mettle in the finance sector and your skills in negotiating deals and convincing people. It’s hard work and the earnings can be sporadic. But, you’ll enjoy every moment of the ride. 

Uncategorized Editor Fri, 28 Aug 2020 23:04:55 -0400
Where to Find Legitimate Coupon Codes Coupon codes let you save loads of dollars if only you know where to find them. Luckily, there are many websites that hunt for legitimate coupon codes.

The following are some of the best coupon-hunting websites for all of you who love to shop and save money using coupons.

Save You

Save You is a website that offers great, wide-ranging deals on various stores and items, including:

  • eBay
  • Amazon Prime
  • Best Buy
  • com

This coupon-hunting website lets you browse by categories as well as see “trending coupons” that a lot of customers are searching for.

The list on the website is updated in real-time, with new coupons uploaded as soon as they become available, making Save You a fantastic website for couponing masters.


RetailMeNot offers free online coupons for thousands of stores, including:

  • Amazon
  • Airbnb
  • Target
  • Famous Footwear
  • Priceline
  • com
  • Papa John’s
  • Olive Garden

RetailMeNot lets you search by store and scan different departments. You can also filter the coupons by category if you want to apply codes to specific products.


Honey is another top-notch coupon website for all coupon hunters.

Through Honey, you can try all coupon codes automatically, plus you can see when the coupon last worked. Cashback offers also let you save even more money.

Honey’s best feature, though, is that you can install a browser extension to automatically search for coupons whenever you browse.


CouponCabin is another must-see coupon-hunting website that offers free coupon codes for hundreds of stores including:

  • Office Depot
  • Walmart
  • Nike
  • eBay
  • Hobby Lobby
  • Old Navy
  • Amazon
  • Nordstrom
  • Kohl’s

Just like Honey, CouponCabin has its own browser extension that lets you search websites automatically for coupon codes.


DealsPlus takes the game a notch higher by supporting a massive list of stores.

You can subscribe to these stores by email. Then, you’ll receive regular updates for any new coupons that become available.

With DealsPlus, you can:

  • Avoid pesky website ads
  • Receive email alerts for the newest coupons
  • Find free shipping deals
  • Find verified coupons

You can use DealsPlus on your desktop or via its mobile app. has more than 200,000 deals on different categories like tech, clothing, groceries, and more.

The website is great for bargain hunters who want to see only the day’s best deals. It also allows you to save your favorites, compiling them on the “My Deals” section.

The best thing about this is you can enjoy offline when you go to physical stores, thanks to their printable coupons.

Slick Deals

Slick Deals is another amazing coupon-searching website that offers both digital and printable coupons.

Search for a variety of retailers and check the best coupons you can use. More importantly, the community and editors curate the best deals and share news about great bargains.

Quality is not a problem since all deals and coupons are reviewed and verified.

Some Tips when Searching and Using Codes

Before you start scouring these websites for coupon codes, it’s best to check the following tips:

  • Check whether the retailer uses codes
  • Find codes from a trusted source (any of the websites we discussed above)
  • Install browser extensions of coupon-hunting websites
  • Use a special email account
  • Read the fine print to know why the code doesn’t work
  • Sign up for any loyalty program
  • Check offline -- magazines, newspapers, catalogs, etc

A lot of people are enjoying the benefits of coupon-hunting.  In fact, in 2021, around 145.3 million people are expected to redeem coupons. Will you be one of them?

Spend a little time to save a few bucks. Who knows, you might even score a greater deal than a few dollars. Good luck!

Uncategorized Editor Thu, 09 Jul 2020 00:00:05 -0400
How to Manage Your First Residential Investment Property

Investing in properties is a great way to boost regular income and grow your wealth. But managing a residential investment property will have the best results when you know beforehand what you are exactly getting into.

Studying the basics and planning ahead form the groundwork for developing great management skills. You will have many responsibilities that need to be understood and mentally coordinated ahead of time.

In this article, we'll go over the main principles you should follow to increase the chance that your first investment is lucrative. By reading this piece, you will get a practical overview of the tasks that you have to handle as a landlord.

#1: Finalize Tenant Placement

Your number one challenge before facing any other decisions is tenant placement. The rental unit needs to get filled with tenants because vacant property results in expenses without generating any income.

Here are the steps for getting your property full of renters:

List your property. Just putting out a "For Rent" sign isn't enough. You should take on a proactive approach to find suitable tenants for your residential investment property. Use social media channels and rental listing websites.

Check the applications. Always ask your prospective tenants to fill out comprehensive applications. This ensures that you get a better overview of people who would like to rent your residential property. At the same time, it's important to make sure that your evaluation of applications complies with the principles laid out in the Fair Housing Act (FHA).

Organize property showings. A major part of finding tenants is showing your property to interested people. Hand out all the documented details concerning the property when people come to see it. Conduct follow-ups with everyone who came to your property showings.

Screen your tenants. Proper tenant screening procedures are your best bet for minimizing the risk of future trouble with your renters. Run a credit check, check their criminal history, and ask for references. The latter may include past and present employers together with their prior landlords.

#2: Draft a solid rental agreement

Your rental agreement is a crucial document. This agreement will legally regulate the relationship between you and your tenants. Aim to put in as many hours as you need to make it perfect.

There are many aspects that your agreement should address. Here are some of the essentials:

  • Landlord's responsibilities
  • Tenant's responsibilities
  • Amount, method, and time of payments
  • Rules regarding pets
  • Eviction rules that have a legal basis
  • Late payment fees
  • Smoking and other policies

#3: Maintain Your Rental Property

Regular maintenance is a requirement for landlords. You need to keep your property habitable at all times. A major part of this effort is conducted through timely repairs and upkeep.

Any significant delay in dealing with repair and maintenance needs could lead to legal issues. When the rental property isn't habitable, the landlord may be guilty of negligence.

Another aspect of maintenance is its role in preserving the value of your residential investment property. If the market conditions are favorable, delivering consistent maintenance procedures could even ensure the growth of your rental home's value.

#4: Know the laws and regulations

Owning rental property subjects you to a variety of laws and regulations. As a landlord, you should familiarize yourself with the main legal guidelines to reduce the risk of running into problems.

These are the main legal topics you should understand:

  • Security deposits
  • Tenant's rights
  • Landlord's rights
  • Evictions
  • Rent payments
  • Entry and inspections
  • General landlord-tenant laws

#5: Look into professional property management

Self-managing a rental property can become a huge burden. When you don't have enough time to deal with a plethora of daily tasks and challenges, hiring a professional property manager could be a smart solution.

Partnering with a professional property management company results in a worry-free life. There is no need to deal with rent collection, maintenance needs, tenant screening, and other responsibilities.

For some investors, self-managing isn't that stressful. Assess your personal preferences, character, and work-life balance. Then weigh the pros and cons of each approach to decide which way to go.

In a nutshell: Managing Your First Residential Investment Property

Investing in a property could be the first step towards generating passive income. But the income won't be that passive at least when you are taking the first steps towards becoming a landlord.

There are many things to look out for. Conducting enough research and learning all you can about property management is a good start. Keep in mind that you will have quite a lot of responsibilities.

Uncategorized Editor Mon, 29 Jun 2020 10:47:57 -0400
Investing in a Post-Covid World In light of the recent times during the COVID-19 crisis, the world has seen an economic downshift that is taking toll on numerous countries. The world has been put on a global lockdown, and while some economies are trying phased approaches, there are still many suffering from the pandemic. Over time, the world will get back to par, and as economies begin to open up, there are going to be increasing investments to be made and more opportunities. A lot of people are looking to learn online about how and where to invest.  A great place to start is Trading Review if you are wanting to do the same.

However, there are going to be anticipated problems as well – from inflation, all the way to increased tax rates and more. However, many people can actually get a better chance and opportunities that many people didn’t have before. In this guide, we’re going to explain a little bit about investing in a COVID world, and how to get the best investments possible.

Real Estate

In the real estate market, that’s one place where we’re going to see increased sales and purchases being made. Many governments (including the U.S.) have seen a larger amount of debt relief, and because of this factor, many people are going to be buying more properties. This will all end up helping the economy, and therefore investing in the real estate market may not be a bad idea.

The market has been saturated for years with high mortgage and interest rates, let alone insane seller prices for properties that weren’t even worth the money. Thanks to COVID-19, this is going to end up making the market crash since people aren’t buying right now – but when the market opens back up, and people’s debt levels decrease (bringing them higher credit scores), then we’re going to see the market prices drop again and more people will buy.

Automation Is Going to Soar

No matter whether you’re a factory worker, or even just a digital marketing entrepreneur, one thing remains the same – automation is going to be a key factor that increases not only revenue, but also more production and efficiency as well. What does this mean?

This means that more manufacturers are going to be buying up industrial applications and automated efforts to get jobs done properly and increase throughput and production. The pandemic is expected to bring a rise in the robotics market, as many jobs will be operated more remotely, and to also help reduce the human exposure that many people face at the workplace – making it easier to enforce things like social distancing.

Conclusion: So How do We Invest?

The best approach for investing during this pandemic is a selective one. We need to be careful on what we invest in. At the same time, it’s important to realize that with the stocks plummeting (don’t worry, they’ll rise again soon), and the market crashes that will happen, it’s important to analyze and inspect everything so you know what to buy and when. The scary part about all of this? Many people worry about the possibility of getting COVID-19 while they’re shopping around, let alone from property that they choose to buy – either way though, now’s definitely time to smartly invest!

Uncategorized Editor Sun, 24 May 2020 22:34:22 -0400
Can a Mortgage Broker Adelaide Get You the Best Rates? Buying your dream home is a lovely feeling altogether. Although it can be tedious at times, it can be rather fruitful by the end of the entire home buying process. First you have to search for the home you dreamt about all these years. Once you have decided upon the home, the next big mission is to find a suitable and affordable mortgage loan.

When you talk about mortgage loans, there are basically 2 primary providers of such types of financing options, mortgage lenders and mortgage brokers. The former include all the banks and various other direct lenders and the latter signify all the brokers who assist you in bagging a good deal in mortgage loans.

Although they work in the same field, there are several points of differences between the two. The direct lenders and banks depend a lot on their own money when it comes to funding their mortgages. Dealing with one of them will mean working directly with one of their employees. Starting from the verification process till the mortgage granting process, you work with different employees of the same organization.

On the other hand, an Adelaide Residential Mortgage Broker acts more like an insurance broker. They do not work with any single company and normally deal with a large number of lenders, in other words, you may say that mortgage brokers are in a better position when it comes to helping you get a good deal on mortgage loans.

Big Advantage

One of the biggest advantages of dealing with a mortgage broker is the possibility of saving a large sum of your money. Just like any insurance broker, mortgage brokers also work with multiple lenders. It is needless to say that lenders can only offer their own mortgage products to their borrowers. However, these products may not come with the lowest possible interest rates or fees.

Since homebuyers are not captive to a single lender’s closing fee or interest rate, they can easily compare the different fees and rates provided by different lenders and opt for the best deal as per their knowledge. It is quite obvious for you to understand that hunting for the best deal on mortgage loans is just like shopping for a big-ticket item. As the consumer you should always take your time and look around for the lowest possible cost. Working with a mortgage broker can make this extremely difficult task rather simple.

There is hardly any major purchase that you will make in life, which will let you get an estimate on a specific service and also go with it. Mortgage brokers will help you shop around to get the best deal. They do all the shopping around for the right deal from different lenders. They will present those deals to you that best suit your specific financial situation. Since there are several mortgage brokers out there, it is always better to take some time and look for the best amongst them. The more experienced the broker is, the better will be your chances of getting a great deal.

Uncategorized Editor Sun, 24 May 2020 22:31:00 -0400
How Can I Invest In Commercial Real Estate? American economist Paul Samuelson once said, “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” Investing is not gambling; if you’re treating it the same, you are taking the wrong approach! While investing in commercial real estate is not as uneventful as watching the grass creep up on your lawn, it should be strategic, measured, and controlled. Unlike the extreme rollercoaster that is the stock market, the CRE space is, historically, far less volatile. The gains you can realize, however, are exciting.

What is Commercial Real Estate?

Commercial real estate is typically leased for business, retail, and hospitality purposes. It can involve existing buildings/structures and/or raw land purchased for development. Generally, CRE properties are categorized as follows:

  • Office
  • Industrial 
  • Retail
  • Hospitality (e.g. hotels)
  • Multifamily
  • Special Purpose (e.g. nursing homes, gas stations, theaters, etc.)
  • Mixed-Use 

Why Commercial Real Estate Is a Good Investment 

Before we get into the how of investing in commercial real estate, let’s start with the why. This is an advantageous route for several reasons:

  • It is ideal for long-term goals; generally, the longer you hold property, the more equity you build. Building future wealth and security is a top reason why commercial real estate is a good investment.
  • Commercial real estate plays a key role in risk diversification. A diversified portfolio most often mitigates your risk.
  • You can realize a multitude of tax benefits, such as deductions on mortgage interest, depreciation, operating expenses, and more.
  • Higher potential income. Typically, commercial real estate properties have higher returns on investment (ROI). To compare to residential properties, which have an ROI of between 1-4%, commercial properties see an average of 6-12%.
  • Turnover is less than residential properties. Given longer lease terms (3-5 years or, in some cases, more) mean you won’t deal with as much turnover. Be aware though that vacancies can hit harder, though, because of these same reasons.
  • Consistent cash flow. Again, due to longer lease periods, you will see relatively consistent cash flow. And, with triple net leases, your tenants also pay the building’s real estate taxes, property insurance, and maintenance costs.
  • The field is less crowded. Many investors perceive commercial real estate as difficult to enter. This tends to clear out the competition so you are not in as saturated a space.

How to Start Investing in Commercial Real Estate 

To our last point, is investing in commercial real estate difficult - or, at least, more difficult than other investment avenues? You may not want to let your potential competition in on the secret, but no. Sure, it is challenging, as is all investment. But there is nothing that you cannot overcome when you do your due diligence, complete your homework, and work with a reliable, experienced strategic investment firm.

Here are 6 tips to help you start:

  1. Know the Key Differences Between Residential and Commercial Real Estate

As mentioned, due diligence and research is always the first step when investing in commercial real estate - or any other vehicle for that matter. It is essential that you understand the difference between residential and commercial properties; it’s step 1. Not only are you dealing with the needs of commercial clients, the structure of leases and income is also different. For example, leases are typically longer and the income you generate is usually tied to usable square footage. 

You will also need to research location and tenant type. For example, corporate office space performs better - as expected - in urban centers rather than neighborhoods that are primarily residential. 

  1. Look at Comparables 

What’s going on in the area? Look at comparables and research any development projects that are in the works. You can get a sense of prices paid for similar properties to better determine the current market value of a property in which you are interested. 

  1. Learn Key Formulas and Metrics

You’ll need to have a basic understanding of real estate finance, key formulas, and metrics for success. These include:

  • Net Operating Income: NOI is a formula that is used to analyze the profitability of your investment. To arrive at the NOI, you subtract operating expenses from the total revenues a property generates.
  • Capitalization Rate: Cap Rate indicates the rate of return you can expect to generate on a property. It is the ratio of net income and original price. A good cap rate is generally between 4-12%.
  • Cash on Cash: This is a metric that looks at the rate of return on CRE transactions. It measures the return on your out of pocket case relative to the portion of the property that you finances.
  1. Be Aware of Common Mistakes When Investing in Commercial Real Estate 

Knowing what not to do is equally important as knowing what to do. Mitigating risk is job #1. To do this, avoid common mistakes, such as improper valuations, failure to understand commercial real estate financing, failing to do your due diligence, and believing you can achieve better results (and save money) by working without the counsel of experienced investment strategists. 

  1. Research Financing Options

There are a variety of commercial real estate loan options, each with its own eligibility requirements, terms, and advantages:

  • Conventional Loans
  • Hard Money Loan (secured by a real property)
  • Commercial Bridge Loan
  • Conduit Loan
  • Small Business Administration (SBA) 7(a) Loan
  • Certified Development Company (CDC)/SBA 504 Loan

Financing is complex; if you need assistance navigating your options, reach out to an experienced real estate investment and strategy firm.

  1. Working with a Trustworthy Partner

As mentioned, working alone can be detrimental to your success when investing in commercial real estate. Find a firm that can deliver personalized, targeted advice - and opportunities - that align with your investment goals. There is no substitute for experience and expertise in the CRE market. Working with a partner shortens the learning curve and allows you to accelerate your results.

Ready to Get Started?

Investing in commercial real estate is not an abandon-all-rules-and-go-to-Vegas proposition. While more exciting than watching grass grow, it tends to be more stable and long-game oriented than other investment vehicles. If this is the right fit for your portfolio, contact a strategic investment firm that can help you get started. 

Uncategorized Editor Sat, 02 May 2020 11:34:49 -0400
How to Select a Payment Processing System for Merchant Businesses Market analysts estimate, about 90% percent of all retail sales by 2030 will be e-commerce transactions. Statistics predict that global e-retail sales will reach nearly $5 trillion by 2021.

When customers buy products using their debit or credit cards, the payment processing company manages the transactions for you. It communicates the information to your bank and the customers' banks, verifying the validity of the purchases.

Typically, a payment processor acts as a link between sellers, customers, card networks, and respective banks, ensuring a smooth purchase experience. It is vital to choose the right payment processor for your merchant business and let us see how to select the best suitable solution.


43% of all cyberattacks target merchant businesses. About 75% of all business security incidents can cost your company at least $8,000. Thus, you must choose a payment solution that offers secure data processing and is PCI compliant.

The processor must be diligent enough to protect customers’ payments. It should be well-equipped with the latest data security enhancements, including technologies like point-to-point encryption and fraud management tools.

Features to Support Business Requirements

An efficient payment processor should offer useful features that are best-in-class, with powerful software bundles that streamline business operations. Also, it should provide you with options to choose the smart terminal that suit your business needs. The provider must ensure a smooth integration of the solution with various accessories. It should enable access to merchant capital advances.

Easy Integration and Maintenance

Theoretically, a payment processing solution will work well. However, you should understand whether the solution will efficiently integrate into your business. It includes augmenting applications, hardware and software upgrades, and training.

Likewise, if the mitigation of interfacing issues forces you to troubleshoot the payment processor continually, it is better to switch to a better provider. It is not productive to spend time in solving maintenance concerns, rather than focusing on the core business.

Nominal Processing Fees

While running a business, you will look for solutions with low processing fees. Hence, it is advisable to invest some time to find the providers that offer the solutions at attractive rates.

An ethical provider will offer solutions at nominal fees, such as 2.3% flat processing fees. They do not have hidden charges like early termination penalties, fees for exceeding maximum and not meeting minimum monthly quotas. Make sure to check every feature the provider charges, to confirm you do not miss out on any hidden fees.

Excellent Customer Support

The solution provider you choose should be competent to handle support issues, 24x7. It is beneficial if you can reach the support team over the phone or chat, for active support.

Nearly 5% of the time, unreliable customer support can cause business-related issues. Though the fraction appears to be small, yet it can cause significant losses to your business and severely damage your customer relationships. 

With benefits like increased cash flow and more robust payment data security, the payments industry offers faster and seamless solutions. Aligning industry growth rate with current market size suggests about 700 billion electronic payments, by the end of 2020. Understand your business requirements and the processing fee details before choosing a suitable solution provider.

Uncategorized Editor Tue, 07 Apr 2020 11:05:50 -0400
Check here if PAN Card is Mandatory for You or Not

Permanent Account Number (PAN) is an alphanumeric identity of 10-digit assigned to every Indian, even minors. The allotment of the number is done by the Income Tax department directly under the supervision of the Central Board of Direct Taxes.

The use of PAN card is multifarious - apart from serving as an identity proof, it is also essential for various financial transactions like purchase or sale of an asset, receiving a professional fee or taxable salary, and investing in mutual funds among others.

Who has to apply for a PAN card?

Any individual earning more than Rs.2,50,000 in India, and also foreign nationals paying taxes here as well, require PAN card mandatorily. Additionally, business entities will have to obtain a Permanent Account Number if the turnover, total sales, or gross receipts exceed Rs.5 lakh in a particular financial year.

The importance of PAN card for a company is immense as every transaction made by the entity will have to go through the Permanent Account Number. It helps in the identification of the tax flow of the company.

When is PAN card mandatory?

The Income Tax Department uses the Permanent Account Number to track financial transactions like payment of tax, TCS/TDS credit, specified transactions, and returns of income, among others. Among many benefits of PAN card, it enables in the facilitation of retrieving specific information which can be linked with borrowings, investments, and other business activities.

Below mentioned are a few situations where PAN card is mandatory –

  • To file income tax returns.
  • For individual financial transactions worth Rs.2.5 lakh or more.
  • Purchase or sale of immovable property valued at less than Rs.5 lakh.
  • For cash deposits above Rs.50,000.
  • To pay an insurance premium of Rs.50,000 or above.

It should be noted here that Rule 114B of the Income Tax Act, 1961 mentions that state governments, central government, and consular offices do not have to mention permanent account numbers.

The significance of Permanent Account Number is evident; and, if the card is misplaced, individuals should opt for a reprint of PAN card. This can be done from the official website of the NSDL.

However, it should be noted that individuals have to pay a certain fee to apply for duplicate PAN card online. Hence, they can apply for an insurance policy that provides financial coverage against such expenses when their PAN card is lost.

Reputed financial institution, Bajaj Finserv provides the Wallet Care insurance plan under its Pocket Insurance & Subscriptions. Among the host of benefits of the plan, it also offers blocking facility for multiple cards via a single call.

Additionally, in the event that an individual’s handbag is misplaced, a handbag assure insurance policy will offer a high coverage and compensation for PAN card replacement.

A purse may also contain a number of valuables like debit card, credit card and PAN card, which may be subject to misuse in case of loss or theft. In such cases, a purse care insurance policy would not only ensure customers receive reimbursement for lost PAN card replacement but also block all their credit and debit cards with a single call.

To conclude, while it is not mandatory to quote the Permanent Account Number in all transactions, it is advisable for an individual to apply for it nonetheless. Also, when lost, card holders must file an FIR with their respective police station.

Uncategorized Editor Fri, 27 Mar 2020 23:43:40 -0400
An Overview Of ESG Investing No matter their size, nearly every company has an environmental footprint. Businesses of all sorts also create a societal impact via their relationships with employees, customers, vendors, and the community. Another commonality: All companies have a governance structure that determines who is running operations, developing strategies, and more. Taken together, these are known as environmental, social, and governance factors — or just “ESG.”

ESG considerations have become increasingly important to companies due to today’s focus on environmental issues and human rights. In turn, companies’ ESG initiatives are critically important to a socially conscious segment of investors who base investing decisions around a company’s level of commitment to ESG issues.

Defining ESG Investing

Many investors value the efforts that companies make toward sustainability and the actions they take to protect the environment. These investors also value social and governance factors as they apply to relationships and a company’s missions. In fact, to some investors, these areas are just as important as financial factors when it comes to making investment decisions. ESG investing involves factoring in a company’s strategy and progress in these areas:

  • Environmental:Investors want to know what companies are doing to conserve the planet’s resources and operate in a sustainable manner. What is the company doing to protect the environment as a whole?
  • Social:Investors seek to understand the relationships that companies have with employees and others. Do they create fair opportunities? Are they humanistic with vendors, customers, and the people they serve in the community? What role does the company play in supporting the community?
  • Governance:Also critical to ESG investors is knowing what steps a company takes in terms of oversight with its board and management team. What governance policies are in place to ensure fair and just management of the business, and equal opportunities regardless of individuals’ demographics?

Why Does This Matter?

Many investors decide where they should put their money based on their perceptions and opinions regarding what is right and just. For many investors, especially younger investors, ESG investing has become commonplace. There are funds that target companies based on their ESG initiatives. Some financial and analytics companies even create ESG ratings formulas based on several ESG-related metrics. This helps investors know where companies stand on ESG initiatives in comparison with other companies.

Since a company’s stock stands to gain from having the largest potential pool of investors, it can be critical for companies to develop, support and publicize ESG initiatives.

Why Is ESG Investing Growing So Rapidly?

  • The world is a very different place than it used to be. Global sustainability has become a responsibility for all companies and people.
  • Investors are changing, too. Millennials have more investing power than when they were young, and this age group values social responsibility.
  • Data is more readily available than ever before. Investors have access to the information they want and need, such as the aforementioned ESG ratings.

Establishing Standards to Meet Investor Goals

Companies interested in attracting ESG investors can take several steps to establish, enhance or better communicate their relevant policies. Establishing teams, goals and responsibilities are key parts of the process — but it is also important for businesses to be able to inform the investing community about their ESG performance, backing up their communication with data and evidence.

Take a look at the accompanying infographic for a clear understanding of ESG investing. By being proactive, it’s possible not only to improve company standards but also to capture investor attention.

An Overview of ESG Investing from Clermont Partners
Uncategorized Editor Mon, 16 Mar 2020 23:31:58 -0400
How to Apply for Business Loans? (business loans) Business loans might require you to spend a considerable amount and the directness can vary depending on what is needed. The things that are needed to avoid the problems while asking for loans may vary and the guidance with which this can be described as belongs to many factors. The way standing up the position in a company can be adjusted is very well defined but sometimes it is not. There will be no need to get a hang of the loan if the business is too small and the related finances must be fulfilled for this very purpose.

Setting your goal straight

This can be one of the challenging tasks because it gets very difficult to keep one in one place. There are thousands of place which are ready to deviate the individuals from their idea. This is why it is necessary that the determination of funds needs to be allocated in the right manner. The existing firms will need to take special note on how to prepare their financial statements. The business plan and the firms will have to be very adamant about their approach.

Type of banks

This factor results in a great deal of how you take the loan. If you are just going on the basis of institutions only then your credit unions may be filled up and the members of your own committee may turn up against you if the business doesn’t do well. The loan application, on the other hand, will have to have opted which will expect you to pay heavy interest.

Looking for credits

The balance sheet that needs to be maintained by the owners is of great value. That is the record of where the money had been spent what is needed for the order. The loans may be taken on a daily basis and this is why the agencies will have to keep track of it in order to convince the people they are asking for. The increased chance of fixing it may create a dispute on the reporting and to resolve this it is suggested to maintain this.

Visiting the local authorities

This can be a very useful thing that can aid in networking. This may be the starting of thousands of connections in your locality. More advice you are willing to take the better it sounds among executives. The challenging of the adversities of the area can be solved by relocation. This is also the way by which you can close the chapters of the local committees who may be opposing your business idea.

Looking for borrow options

The borrow option of the commercial bank will have to be large enough to be asked for. This may be only granted if the pure complete sheet is shown to the instructions. The regional banks, on the other hand, maybe the cause of the unions. The business loans and applications will need to be picked up too. There are microfinance companies that might fund but their budgets might not appeal to your business needs. Hence this is advisable that you look for multiple companies who will be able to help you.

Uncategorized Editor Sat, 07 Mar 2020 22:16:30 -0500
How Can a Financial Advisor Help You Managing your money can be quite tricky. First of all, you have to plan for expenses that could change drastically at the very last minute. Worse, any small mistake could end up costing you dearly. Because of these, it is best to seek the help of professionals, especially when your career is just starting; this is where financial advisors can come in.

As the financial world becomes increasingly complex, the importance of a financial advisor increases. Hence, knowing how to find a financial advisor who can effectively guide you on how to manage your money can mean the difference between becoming financially successful or not. Here are some of the most important things a financial advisor can help you with when it comes to effectively dealing with your money:

Help you manage your existing wealth

If you have good savings - from the part-time jobs you worked or the allowances your parents gave you - a financial advisor can tell you how to get the most out of this money. Instead of just leaving your savings in a bank or around your house, where its value will depreciate, you can invest this amount and watch it grow over time. This way, your money gets to retain its value in the future.

A financial advisor can help by recommending the best products to invest, based on your financial goals and risk profile. Given how complicated the world of finance and investments can be, it is always helpful to have someone advising you on the best course of action to take.

Help you plan for your future

As you grow older, finances become an even more important consideration, especially once you start a family. You may also have some personal financial milestones that you would want to reach, such as being able to afford your dream car or dream house or being able to say that you have a certain amount of money in your account. To reach these goals, you would need to start planning as early as possible; this is what a financial advisor can help you with precisely. By helping you craft a comprehensive plan for you to reach your goals, a financial advisor can help you to be sure of what you have to do to obtain the financial stability that you dream of. Learning is the first step in turning that dream into a reality.

Help show you the ropes of money

Having a financial advisor to guide you on your financial journey is one of the best ways to be introduced to the world of finances and investments. Given how comprehensive and confusing these topics might be, it is always best to start by learning from an expert; this will help you avoid being in over your head and committing mistakes that could end up costing you dearly.

Knowing how to find a financial advisor is essential because only your advisor will be able to explain what exactly your investments will do for you carefully. They can give you a better understanding of how investing works, so that you may also know how to make your investments work for you. This way, you will become more financially literate and capable of making sound financial decisions to help you become successful in your finances, as well as in other areas of life.

Uncategorized Editor Wed, 26 Feb 2020 00:01:36 -0500
Six Ways to Boost Your Retirement Savings Preparing for retirement is a methodical process for most Americans. You have to consider a lot of things such as how much to put away in savings, when to save, and which investment accounts make the most sense for you.

There are so many different things to consider when it comes to saving toward retirement. Here are some of the best tips financial experts recommend when it comes to saving for retirement.

Tackle Debts

Saving for retirement is a lot more difficult when you carry a lot of debt. Many financial experts suggest the snowball debt recovery method.

Begin by paying money toward your smallest debt first, then keep making payments until that debt is paid off. What you should then do is keep up the momentum and put money toward your next smallest debt. You would be surprised at how much motivation you will feel after paying off just one of your debts. You will often feel more motivated to attack your debts more aggressively following this method.

Mortgages are the major debts that affect retirement. Paying off your mortgage as early as possible is one of the best ways to reduce your retirement expenses. According to the Consumer Financial Protection Bureau (CFPB), about 30 percent of homeowners 65 or older still carry mortgage debt.

Take Advantage of Employer Benefits

If your employer has a 401(k)-matching program, take advantage of it.

Contribute the maximum amount you legally can toward your retirement savings plans to receive the maximum benefits. Starting earlier is better than later. 

Consider Permanent Residency Location

Where you choose to live in retirement plays a big role in your overall cost of living. Not only that, but where you live will affect how much Medicare insurance premiums will be and how much you pay in taxes.

Nevada, Tennessee, Texas, South Dakota, Florida, Wyoming and Washington have zero income taxes. However, please note that some states, such as Tennessee, do tax dividends and interest. Fortunately, the majority of states don’t tax Social Security.

Evaluate Potential Healthcare Costs

As previously mentioned, really consider how much insurance premiums are and the access to care available to you when you think about where to live in retirement. This is because how much you pay for healthcare greatly depends on where you live. Insurance premiums are different and higher depending on where you live. Always investigate how much your premiums will be for all aspects of your health.

Get quotes early for insurance. That will help to budget for your future.

Enroll in a Health Savings Account

Preparing yourself for healthcare costs is a great way to build a good financial base for your retirement. Health savings accounts (HSAs) are one of the best tools for saving for healthcare costs in retirement because they are triple tax advantaged.

In 2020, you can contribute up to $3,550 as an individual or up to $7,100 for families and people aged 55 or older can contribute an extra $1,000 contribution each year as a catch-up contribution.

The money contributed to an HSA is your money forever and can even be invested in stocks and bonds to further boost your retirement savings.

Utilize Catch-up Contributions

The moment you turn 50 years old, you can start benefiting from catch-up contribution opportunities. People who are 50 or older can put extra money into their 401(k) and IRA.

You can contribute an additional $1,000 per year toward your IRA and $6,000 each year to your 401(k). Utilizing these extra contributions can help boost your retirement nest egg over the next 15 years tremendously.

Danielle K. Roberts is a Medicare insurance expert and co-founder at Boomer Benefits, where her team of experts help baby boomers with their Medicare decisions nationwide.

Uncategorized Editor Tue, 25 Feb 2020 04:30:38 -0500
4 Easy and Essential Tips to Be Financially Responsible in Bellevue, Nebraska Debt can be a scary thing, even when so many Americans are drowning in it. Sometimes, it can arise due to matters out of a person’s control, like rising medical costs. Other times, the meaning of debt is taken a bit more liberally, where having a mortgage means you’re living in debt.

But there are plenty of people out there who are in debt because of their own financial decisions. While Nebraska is a strong state economically, there are still many people who don’t have a personal savings plan in Bellevue NE.

It’s extremely important to be financially responsible in current times, so just run through some of the basic tips that can help you out.

Make a Budget

While it may seem like budgets are meant for big businesses or other professionals, having a personal budget is a quick and easy step for being financially responsible.

It’s best to do a month of “research” to judge how much you’re spending on essentials like your rent, gas, groceries, utilities, and more.

Then, you can decide how much leftover you want to have for personal or fun items, like a new TV or saving for a vacation.

The more you have down on paper, the better off you’re going to be.

Look for Ways to Cut Back

When you’re looking over your budget and expenses, it’s always a great idea to see where you can cut back, or cut out the non-essentials in your life.

Do you really need Amazon Prime if you don’t order off Amazon enough? Are you still getting the newspaper, even though you don’t read it?

Even though cutting back on something like Amazon Prime may just be $10 a month, that’s still triple-digits yearly savings.

Limiting activities like eating out is also another way to save money here and there. Instead of stopping by the gas station for a cup of coffee, make your own at home. A little bit here and there can go a long way.

Avoid Late Fees

Credit card companies thrive off of people not paying their bills on time and being hit with high-interest rates. One of the ways those interest rates increase is by not paying your bills on time.

This applies to your utility bills as well, even something as simple as your electricity bill. When you pay your bills on time, you’re going to be spending the correct amount and avoid being hit with any late fees.

Look at Retirement and Savings

Part of becoming financially responsible is being able to save up for the future. You never know when you may have car trouble or be injured and unable to work for a while.

That’s why it’s important to set up a personal savings plan in Bellevue, NE. You can go in and talk to someone at the bank to help set up an account as well as a savings strategy.

And even though you might be young now and retirement seems far away, it’s always a great idea to start planning for the day you start working.

If you have a job, look at putting money into the company’s 401(k) plan or even contributing on your own to a traditional or Roth IRA.

Uncategorized Editor Thu, 20 Feb 2020 08:26:57 -0500
Cutting Through All the Investment Noise and Making the Right Investment Decisions Financial security is the bar we set as a measure of success. Once you have your finances and the financial future of your family secure, you can rest easy in knowing that everything will be fine. The problem arises in how to get there. Many people go the investment route and invest money in a portfolio that looks risk-free, and that has a good return on investment. The problem is that if you are new to investing, you might run into a wall of information. There is so much information on investing that it gets hard to know what to follow and what not to. The secret is finding the right investment options and investing the right way is having the ability to cut through all the noise.

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Find a Few Reputable Sources

Unfortunately, many people who say they give the best investment advice do not have any proof to show this, and if they do, they often say it is confidential. Even with that being the case, there are a lot of good investment advisors out there. Start by finding information that comes from people in the financial industry and have the credentials to prove it. They may be far and in-between, but there is a sizable number of websites and blogs run by people who are deeply embedded in the financial sector. Most of these people do not hide this fact and you can look up their credentials as well as the financial statements of their companies. Once you find one or two of these people, their websites and other places they post their advice, you will get familiar with the process and will be in a better position to know who is offering good advice and who is doing it for the clicks.

Know How to Do Proper Research

Having enough faith in an investment option to invest your money in is incredibly difficult and can be risky. That is why you have to know how to reach every piece of advice and investment tip you get. Using an analogy, if you are looking for a financial loan, you would research different companies and find out that Advanced Point Cap is a reputable company that offers loans under friendly terms. If you would not leave finding such a financing partner to chance, why would you leave finding a good investment partner to chance?

Take Your Time

This is a piece of advice for those who are looking for long-term investment options. Do not be swayed by fads and money-grabbing investment options. Remember that you are putting your money at risk. Patience is key. Take your time to weigh each option. This goes beyond doing proper research. It is also about sitting down and thinking critically about the options in front of you. It is your money and being swayed by anyone who is not investing with you and you not taking the time to think things through could cost you dearly.

Cutting through the noise in the world of investment can be hard. Following just a few reputable people, doing in-depth research and taking the time to think every investment advice through might help you do this and ensure that you do not lose money through an investment option you decided on based on outside pressure and noise.

Uncategorized Editor Fri, 07 Feb 2020 06:01:13 -0500