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Finance

Digital Money: Is Cryptocurrency The Future?

Bitcoin, Ether and other cryptocurrencies are on everyone’s lips. They promise fantastic increases in value. In times of rising inflation, it is also an independent financial investment.

Crypto finance industry has emerged

Bitcoin has been around for years. It is the most valuable and important cryptocurrency. It started as a romantic vision of a world without banks, you could get it for pennies. Today the course fluctuates between 30,000 and over 50,000 euros. An entire crypto finance industry has sprung up.

These values ​​are created because they are written down in a gigantic, decentralized logbook. All transactions ever made are recorded from the first coin to the present day. Through the logbook, you can discover bitcoin360ai here (découvrez bitcoin360ai ici).

Blockchain: constantly changing accountants

An algorithm was programmed to ensure that there is only one valid logbook accepted by everyone per blockchain of a cryptocurrency. Among all network participants, the accountant who keeps the logbook changes constantly, for example every 15 minutes continue to write for the community.

bitcoin 360 ai

Blockchain is considered tamper-proof

In order to determine whose turn it is to keep the books next, the currently last link in the chain ends with a cryptographic puzzle whose code can only be cracked with enormous computing power. Whoever cracks the crypto puzzle first gets to write the next block, hence the name blockchain. Due to the decentralized process, the blockchain is considered to be forgery-proof.

Cryptocurrencies escape the influence of state monetary policy

The blockchain can create trust between the individual market participants. Conventional currencies can only be created by a central authority, a central bank. This means that cryptocurrencies are completely unaffected by state monetary policy. Theoretically, banks are no longer needed to pass on central bank money such as euros or dollars, called fiat money, to the people.

Because the blockchain protocols of Bitcoin and many other cryptocurrencies are also programmed that only a limited amount of money can be mined, the digital currency is also considered to be particularly secure against inflation. No wonder, then, that Bitcoin was the first cryptocurrency to be developed more than a decade ago as a direct result of the global financial crisis.

But how sustainable are cryptocurrencies really?

The carbon footprint of the infrastructure of the fiat financial system is missing here for comparison. And Etherum and other smaller blockchain networks are already working to make their system more climate-friendly.

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Finance

How To Create Financial Plan For Towing Business

Basically, starting with a plan is a very good starting point for having a healthy financial position in the long term. The best way to create this plan is to start with an overview of your financial situation. Make a checkout, check your expenses and compare them to your income. Sound boring? However, knowing what you have and where it is going is the first step in understanding how you handle money.

san jose towing

Start investing in towing business: Set goals

The next step is to set your goals. Because money is an emotional issue, you can use emotion in goal setting and set a goal that is highly emotional to you. In addition, specify the period and the desired amount so that the goal is measurable. Based on the goal, you can now determine your strategy, i.e. the way you want to achieve your goal. Here it is also important to find out the personal risk type. Not everyone deals with risk in the same way and does not feel immediately comfortable when there are fluctuations in their own assets.

If you want to start investing in a san jose towing business, it is advisable to save up a nest egg in advance. The nest egg is so important because it will save you from having to sell your investments at an unfavorable price in the event of a financial emergency. If you don’t have the nest egg yet, you can include it in your budget and set aside a portion each month. Ideally, you plan the savings portion in the budget and don’t just save what’s left.

Financial knowledge is key to help you make informed decisions

Another important step is that you acquire financial knowledge. You mention social media. There you will find financial knowledge that is easy to digest. Of course there are also many specialist books, but today it doesn’t have to be that complicated anymore. You can also consume financial knowledge in an entertaining way. There are great explanatory videos over the internet. If you want to educate yourself financially on the go, podcasts are great.

Financial literacy is an important building block in your plan because it will give you a better understanding of how the economy, your monetary system, and your personal finances are connected. Financial knowledge is key to help you make informed decisions about your finances.

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Finance

Cabinet Making Trade: Overview Of Funding Sources

Financing plays a key role in starting and growing a RTA cabinets business. The overview is intended to show different sources of financing and serves as an introduction to the topic.

A company has very different financial needs at different stages of the company. On the one hand, the financial requirements are subject to considerable fluctuations. On the other hand, the origin of the funds usually changes as well.

Financial needs at different stages of RTA cabinets business

Depending on the origin of the funds raised, external financing and internal financing can be distinguished. This depends on whether the company’s capital is made available from outside via the credit or capital market or is worked out in connection with the operational service provision.

While third parties lend borrowed capital to the company for a certain period of time, equity is the funds raised by the owners of a company or left in the company as profits.

Securing the financing of your company is a challenge for young entrepreneurs. On the one hand, internal financing through self-financing or financing from depreciation or provisions is hardly possible in the initial phase of a company. On the other hand, relationships and trust with banks and investors must first be established. Especially in the first phase of founding a company, when the ideas are born and should be turned into reality, young companies are often dependent on family or acquaintances when looking for financing.

Because internal financing is hardly possible for a young company, external financing is gaining in importance. When it comes to external financing, a basic distinction is made between credit financing and equity financing. There are also various special forms such as factoring or leasing.

RTA cabinets

Credit Financing

With credit financing, loan basis makes capital available to the company. Bank loans and private loans also play an important role.

Creditors want to reduce their risk of default as much as possible and therefore place certain requirements on companies. If young entrepreneurs are looking for bank financing, for example, they must clearly justify and identify their need. The banks base the lending on a credit check, which is usually based on a business plan.

Banks adjust credit conditions to the individual risk by means of risk-adjusted pricing. The banks use the earning power of the company as a basis and then assess the risks using internal rating models.

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Financial Markets

Investing In Your Online Presence By Bettering SEO Initiatives – Phoenix SEO Company

If you are managing the marketing department of a financial service company, regardless if it is in the banking, insurance, fintech, wealth management, advisory, or mutual funds industry, you should know the importance of being online, especially if you want to spread your brand and gain customers.

Given the fact that we are presently living in  a world where the Internet and the World Wide Web have become necessities in many aspects of society and human life, it is in the online space where businesses and companies will find their target audience. Because of this, having an effective presence on the web or online is paramount.

Invest In Your Online Presence, Work With A Reputable SEO Agency – Phoenix SEO Company

To have an effective online presence, the importance of Search Engine Optimization (SEO) cannot be stressed enough. However, not all businesses and companies have the knowhow to correctly and effectively optimize their online presence themselves. Fortunately, there are companies specializing and dedicated to providing effective SEO and digital marketing services, helping anyone in need of optimizing their online presence. The Phoenix SEO company, Private Sector SEO, is among the best.

Private Sector SEO is among the reputable SEO companies that you can reach out to. This Phoenix SEO company earned its  SEO certification  from eMarketing Institute and their digital marketing certification from SEMRush Academy. Being SEO and digital marketing certified, you can have that assurance and peace of mind that Private Sector SEO knows their stuff and will definitely deliver results. 

Private Sector SEO, has been in the industry for quite a while now. With over 3 decades of experience in the field of digital marketing and search engine optimization, Private Sector SEO has run more than 500 SEO campaigns in various sectors and industries, from small companies offering their services locally to large scale companies whose target audience are on a more global level. 

This Phoenix SEO company has  the proper SEO and digital marketing knowhow and competence to help you  improve your online presence to a great extent. But, they also give attention to and listen intently to your needs and goals, whether that is to start and launch a social media campaign, create more content for your blog, or perhaps want to redesign and make better your website or email newsletter. With your needs, goals and even the challenges you face duly noted, Private Sector SEO make use of their expertise to provide you a tailored and solid SEO and/or digital marketing structure in order for you to resolve the challenges you face and achieve your SEO and digital marketing goals.

So, when looking to optimize your website, webpage or web content but don’t know where to begin or how to do it, working with an SEO agency is one of the best investments you can make.

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Finance, Main Blogs

Finance for Entrepreneurs, Startups, and Small Business Owners

Finance for Entrepreneurs, Startups, and Small Business Owners

Small businesses are on a roller coaster ride when it comes to managing finances for their business. While there is available help like Net 30 accounts to work with, it simply is not enough to keep the company going.

There are companies that offer Business NET 30 Account Easy Approval that any entrepreneurs can use. While this is a great help for businesses with small capital and low cash flow, this may not be enough for businesses that need more finances to expand and further develop the business.

The real solution is to secure financing assistance.

The Most Common Ways To Finance Your Business

The financing maze can be a daunting task for any business owner. The more you know about the different types of financing options and how they work, the easier it will be to get your company on the right track.

This section will explore some of the most common ways to finance your business: bank loans, venture capital, angel investors, and crowdfunding.

Financing Through Bank Loans

Banks will lend money to a small business if the proposal is strong and the bank has a positive outlook for the business. This type of financing is not available to all businesses, but when it is it has strict repayment terms and conditions. The most common type of small business loan is a term loan that has fixed monthly payments of principal and interest over a predetermined period of time.

Financing Venture Capital

Venture capital is the process of investing in startup companies with the hope of becoming their primary shareholder. There are many different types of venture capital, but only a few have a specific name. , including “growth capital”, “stage capital” and “seed capital”.The venture-capital firm typically provides start-up companies with financial assistance in exchange for equity, or ownership. The start-up company is often (but not always) given the opportunity to sell its product to a larger company in order for it to grow by obtaining more resources.

Financing Through Angel Investors

Angel investors are usually high-net-worth individuals who invest in a company with the hope that it will eventually generate a return on their investment. Angel investors typically invest in businesses that are still at the idea stage, but have a promising future or have generated a positive return on investment for past investors.

Financing Through Crowdfunding

Crowdfunding is one of the hottest trends in the investment world. It has been around for more than a decade but has really taken off in the last few years. There are many reasons people turn to crowdfunding as a way to finance their project, campaign, or cause. A crowdfunding site allows people to connect and support projects by pledging money to the ones they like. The project creator, often called a campaign creator, makes a proposal for their idea or product and sets a goal for what they are trying to raise. If the project gets enough backers, the money is collected, and then the idea is pursued.

Banking Options For Entrepreneurs

Banking options for entrepreneurs are not all the same. Some banks, like Capital One, offer business checking and savings accounts with no monthly fees, which is perfect for entrepreneurs who are just starting out. Other banks, like Chase Bank and Wells Fargo, offer credit cards with rewards points as well as a variety of other services.

There are a number of different banking options available to entrepreneurs that they can use to help them grow their businesses. The best option will depend on what type of bank you want to go with, what your needs are financially, and how much you plan on banking with them in the future.

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Finance

NFTs: Why Are These ‘Digital Pictures’ So Valuable

Digital artist creating art for NFT

 

Are they valuable digital works of art or is it hot air? In the world of non-fungible tokens (NFT), billions are involved. Many have already invested to create and promote NFTs. But how does it work exactly? Who acts in it? And isn’t it hype?
What is an NFT, in plain language?

NFT stands for a non-fungible token or a non-exchangeable coin. It is the proof of ownership of a digital file. And that can be anything: a sword in a computer game, a digital painting, but also a piece of text, for example. In fact, any digital file can become an NFT. As soon as there is a title certificate, it can get (financial) value.

Why would someone pay money for a ‘digital picture’?

The simple answer is: supply and demand. By making something unique and exclusive, you create scarcity. “If you have enough people who want something, the price rises,” says Belgian NFT user @skaanbarry, who claims to earn tons a year from trading NFTs. “By treating it as a collector’s item, it is automatically wanted. And if demand exceeds supply, it becomes more valuable.”

Something like that can never get big, right?

You would think so, but the opposite is true. For example, the NFT of the very first tweet, from Twitter founder Jack Dorsey, has been sold for 2.9 million dollars. Especially last year, astronomical amounts were counted down. Artist Beeple auctioned off a series of images for $68 million and last month The Merge, a digital artwork by anonymous artist Pak, sold for $92 million. A twelve-second video of a Dunk by LeBron James previously grossed $208,000. And believe it or not, pictures of monkeys (Bored Ape Yacht Club), kittens (CryptoKitties, which started it in 2017), and robots (Mekaverse) sometimes go for tons.

Does the owner of an NFT also have the copyright?

No. Although the file has been assigned to the person who acquired the NFT, it may still be used by others online. For example, the NFT of the famous internet meme ‘Charlie bit me’ (a boy bites the finger of his slightly older brother) was sold for 760,000 dollars, but it can still be seen on all kinds of channels. So you can’t actually sell something with such a token other than reselling, because it has a certain (financial) value.

How can I buy or sell an NFT myself?

Anyone who wants to act digitally must have a digital identity. So you need an account with a wallet, for example on the Open Sea platform, where NFTs are auctioned. In fact, this is a kind of Marketplace where you can search for files that you would like to have or trade. Most transfers take place via the cryptocurrency Ethereum, so it is advisable to invest in this first.

What does cryptocurrency have to do with this?

The transactions around NFT float on the same technology as with Ethereum. Payments are made via the blockchain, a digital cash book known for its anonymity and security. In a way, the NFT is similar to cryptocurrency: you attach value to something purely digital. Yet they differ from each other on crucial points, because an NFT is always unique. A bitcoin is exchangeable — no matter what bitcoin you have, they’re all the same — while an NFT represents a unique digital object.

 

ALSO READ: 4 Reasons Why You Should Hire a FOREX Broker

 

Doesn’t this all sound like yet another hype that can collapse at any moment?

Yes and no. It is what the fool gives for it and that is no different in ordinary life. Have homes really doubled in value in the last five years or is that just because people are willing to pay for it? The market for NFT is growing at a ridiculous rate. In 2021, $25 billion worth of NFTs were traded, compared to just $94.9 million the year before. However, financial experts note that the price increase of objects seems to have been stopped. The risks are just as great as with cryptocurrencies and investing: money can evaporate before your eyes. @skaanbarry says he will have achieved a net profit of 750,000 euros in 2021, but warns: “This can certainly collapse in a short time. That’s why NFTs make up at most 5 percent of my entire crypto portfolio. I certainly don’t want to take any risks in that.”

What kind of people trade in NFTs?

The world of NFT traders is difficult to fathom, as many users are anonymous, including @skaanbarry: “That is mainly because of my own safety. It involves large amounts of money and I would not like to be hacked, or worse, robbed.” From that anonymity, it is a prestige to show off possessions. “Showboating how rich you are, a bit like rappers do with their watches.” So that expensive avatar on social media is a sign of wealth. A large part of the users is also very active in trading with crypto coins. The stereotyping wants these to be mainly ‘men’s things’, but bitcoin platform BTC-Direct reports that more and more women are getting in, also in NFTs. It is true that they, more than men, mainly invest for the long term. A popular platform is World of Women, on which Hollywood stars Eva Longoria and Reese Witherspoon are very active.

Is it now about the art and the property or is it just making ordinary money?

There are undoubtedly artists who argue for ideological reasons that it is beautiful and logical that digital objects can also have value. But the practice is mostly simpler: most users are there for the money. So is @skaanbarry. “I do this purely to make money. I wanted to be a millionaire before I was 35. That has already been achieved. And if it continues like this, I can start running in two years, when I’m 35.”

Isn’t it bizarre that a digital file about which you have no other rights is worth so much?

Yes. Even @skaanbarry is amazed by the staggering amounts that go around in it. “You have to think of it a bit as the idiotic prices people pay for physical Pokemon tickets. I think it’s absurd myself, though. I once sold something from Mekaverse for 50 Ethereum, converted to 200,000 dollars. I would never spend anything like that on it. You have to be realistic: at the end of the day, it’s just a 2D picture.”

 

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Financial Markets

Is it Legal and Safe to Engage in Forex Trading in Malaysia?

Trading on foreign currencies is popular among Malaysian retail investors looking to grow their small capital by way of short term investment opportunities. The advent of modern Malaysia-based online trading platforms have made such opportunities accessible, not only to local investors but also to non-Malaysian residents.

Are Malaysia-Based Online Trading Platforms Legal and Reliable?

Generally, forex trading by way of Malaysian online trading platforms is legal but only if the platform is operated by market intermediaries or brokers, duly licensed by the Securities Commission of Malaysia (SC). The SC, being the financial regulatory body of the Malaysian government, issues a Capital Markets Services License (CMSL) to those who satisfactorily meet the legal requirements, as well as abide by the laws and regulations prescribed by the government.

The CSML license held by Malaysian financial institutions and market intermediaries gives Malaysian investors the confidence to engage in investing and trading activities in the country’s financial markets. As a rule, the Securities Commission of Malaysia awards a CSML license to investment brokers only if they meet the following factors:

Proven probity, a characteristic pertaining to honesty and beyond, as it also denotes the refusal to lie or to deceive in any way or manner and for whatever reason.

Verified Financial Status, which refers to a license applicant’s level of income as required under a specific category, which determines the extent of one’s financial ability to provide market intermediary services.
Proven ability to carry out efficiently, equitably and honestly, financial servicing functions based on their role as intermediaries in Malaysia’s financial markets. As an example, Rakuten Trade became the first fully developed online trading platform to operate in Malaysia in 2017, as it merited the SC’s approval for a CSML license.
Proven reputation, reliability and integrity in performing related functions, including providing sufficient protection to investors from defaults or insolvencies.
Through its authorit,y the SC regulates the financial markets by ascertaining that such factors and other regulatory requirements are met before a CSML license is awarded.

A Closer Look at Rakuten Trade and Its Online Trading Platform

Rakuten Trade is a fintech firm founded by Japan-based Rakuten Securities Inc and Kenaga Investment Bank Berhad of Malaysia. The company received approval from the SC in 2017 to operate a web-based trading platform. The technology serves as a self-service investment portal that Malaysians can use in accessing Malaysia’s financial markets, including Bursa Malaysia. In 2018, Rakuten Trade won the coveted ‘FinTech Company of the Year.’

Through Rakuten Trade’s user-friendly online trading platform and by using their individual Rakuten Trade accounts, retail investors and day traders can carry out their investing and trading activities, as well as execute trading strategies. The web-based platform enables users to view their respective account summary, such as their transaction history, portfolio of corporate subscriptions and their reward points along with related conversions.

Readers looking for more information about Rakuten Trade and the usability of its platform, its fees, customer service support and user reviews, can find a comprehensive review published by AskTrader.com in this page https://www.asktraders.com/broker-reviews/rakuten-trade/.

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Finance

Why Trading Signals have Become Essential Elements in Crypto Trading

In the early days of cryptocurrency exchanges, many bitcoin owners experienced difficulty in managing their digital money due to lack of full understanding. Not a few suffered many sleepless nights after waking up to find the value of their bitcoin assets going way below the original acquisition price. Back then, there were no trading signals that would have helped them mitigate their losses, or made them aware of opportunities to sell their bitcoin for a reasonable profit.

The high volatility of the bitcoin market and frequent news of bitcoin prices crashing, painted a picture of bitcoin as a risky investment. It seemed that only those who are knowledgeable about cryptocurrencies can make money from trading crypto assets. As a result, bitcoin prices remained stagnant for quite some time.

Still, technological innovations, trading signals, full-blast mining operations and several developments gave bitcoin and other crypto money the facelift they needed to gain the support of European and Asian governments and financial institutions. Only recently, even leading payments processor PayPal has embraced digital currency trading, while its blockchain technology partner Paxos, has put forward an application for recognition as a federally regulated bank In the U.S.

That means cryptocurrency owners can expect to receive PayPal signals in addition to binance signals, or trading signals from other cryptocurrency exchange sites like Coinbase and BitMex.

Why are Trading Signals Important?

Training signals are crucial to one’s management of cryptocurrencies because paying close attention to significant developments in the digital money markets is the best approach to making wise decisions. To those who want to do so, but find it difficult to keep constantly abreast with what is taking place in the market, trading signals are the ways to go.

Trading signals are relevant pieces of information provided by expert advisers (EAs) operating via the Telegram Financial Trading Channels. They are trading calls sent directly to customers through an established and secure connection at the Telegram messaging app.

Aside from stating the recommended cryptocurrency to buy, e.g. bitcoin (BTC), etherium (ETH) or RippleNet /Ripple X Current (XRP), the communicating EA recommends the “price to buy at” as the reasonable price; and the “price targets to sell at” in order to realize profit.

In addition, trading signal notifications include a recommendation at what “price target to place one’s stop losses.’ The Stop Loss feature of the Telegram Trading Channel allows a trader to automatically stop trading once the price target has been reached, as a way to mitigate trading losses.

When trading signals providers are reliable, following the calls they send in real time will likely enrich not only one’s trading experience but also one’s MetaTrader account.

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Uncategorized

How much Do You Know about Money Transfers?

good money lender

Wire transfer is almost always the answer when in sending or receiving money fast. And why not, it gets the job done! It is reliable, fast and completely safe! And for big and more serious transactions such as buying a house or a car, doing a wire transfer may be the sole options since the funds can be instantaneously received by the vendor. In fact, even when using the services of money lender Singapore, you’ll be surprised that the money you requested can be wired to your bank account as well.

What is it exactly anyway?

Wire transfer can be described as any kind of electronic money transfer. Normally, if someone requested for bank wire, they wanted a domestic or traditional bank-to-bank transfer. When you say traditional money wire, this goes from one bank to the other using a network.

On the other hand, the term wire transfer is applicable to several other kinds of transfers. To give you an example, US consumers may wire money to folks abroad via international wire transfers which is otherwise known as remittance transfers. Aside from banks, financial services firms and credit unions may act as providers for money transfers. This is the reason why it is vitally important to have clarity of the requirements when someone requested for a wire transfer.

The Fee for Wire Transfer Transactions

When compared to other electronic payments, bank wires may cost money which ranges from 15 to 50 dollars for every transaction. The fee on the other hand is variable depending on which bank you are doing business with and to whether the wire is incoming or outgoing or international or domestic and let us not forget, the amount to be transferred.

Generally speaking, domestic income wires will fall at lower end of the spectrum while the outgoing international wires will likely be the most expensive service. Aside from that, some banks are waiving domestic incoming fees depending on the account.

How Fast Wire Transfers are?

Money wires are extremely useful for the money can be moved within few days. Of course, this depends on where it is going.

The processing time may take few minutes. But within the US territory, the transfers may be processed within the same day, which will be based on how early you have submitted the request. As for international transfers, two days would be the most time needed to process the transaction.

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Uncategorized

Preparing Your Budget and making it through Financial Independence

Thinking that making ends meet makes you good in handling finances, well think again. There’s nothing to be worried if you are not a math genius because with your finances, exceptional math skills doesn’t matter. What you necessarily need is to be able to learn and understand the basics of subtraction and addition.

Better Financial Management

Life is so much easier if you are able to harvest remarkable financial skills from the way you are spending your money to where you are spending it. Basically speaking, the way you spend your finances will have a major impact towards your credit score and the debt you’ll end up carrying. Now, in the event that you are finding it difficult to manage your money, like trying to live from one paycheck to the other despite making more than what is enough, then here are few financial habits that you best should practice.

Create a Budget

Countless people do not have a budget because they are afraid to go through what they’ll think would be a dull process of listing out their monthly expenses.

It only adds stress to their end as the numbers begin to pile up while ensuring that everything is aligned with their plans.

In the event that you are unfortunately bad with handling money, then it gives you a stronger reason to work on your budgeting skills. If all it needs to keep you on track with your spending, what’s the point of not doing it? Rather than focusing on the actual process of preparing a budget, better concentrate on the value that it could bring to your life.

Using Your Budget

Your budget will be nothing if you don’t use it. Always refer to your budget constantly to set as guidance when it comes to your spending decisions. You have to update it when paying bills and spending on the rest of your monthly expenses. At any given period of the month, you ought to have an idea of how much is left and how much you can still spend. As a matter of fact, this is applicable if you are investing in https://cryptostory.io/ as well. It’ll serve as your map where to go with your finances and how it should be handled.

On the other hand, prior to making major purchases, be sure that it will not make any interference with anything you’ve planned. Do this, if you are serious to succeed with your finances.

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Insurance

12 Ways to Save More Money on Car Insurance

Driving a car

 

Driving a car is extremely expensive, due to road tax, excise duty on fuel, and car insurance. We can do little about these car taxes, but there are many ways to save on car insurance.

I have been studying car insurance since 2008 and know exactly how to save. Also, you should check out Cheapest SR22 Insurance to learn more about SR22 certificates and how it relates to car insurance.

Below I give 12 good saving tips. If you want to pay less premium, you really have to go through it.

1. Buy a light car

This is the first saving tip.

The premium of car insurance is largely determined by the weight of your car.

For a heavier car, you pay more premium. Heavier cars cause more damage in the event of a collision so insurers have to pay out more.

If you want to save on your car insurance, buy a lighter car. Lighter cars are also cheaper in terms of road tax

2. Make a comprehensive comparison

The single most important step for saving on car insurance is to make a good, complete comparison.

When you buy a car, you are not the first to buy the best car you see on Marktplaats.

You look between all cars for a car with a low mileage, a good state of maintenance, and of course a nice price.

The same goes for car insurance.

You do not just take out car insurance, but first want to see the complete range.

You want to know which car insurance policies there are, which car insurance policies have good policy conditions and which car insurance policies are cheap.

Compare car insurance policies from traditional insurers, banks, and direct writers

That is why it is important to make a complete comparison.

In the Netherlands, there are perhaps 50 different car insurance policies. These car insurance policies are offered by traditional insurers, banks, and direct writers.

Think of traditional insurers such as ASR, Reaal, and Aegon. Think of banks at ABN AMRO and at direct writers at Ditzo, FBTO, and OHRA.

These insurers all have different car insurance policies, different services, and different premiums.

For example, direct writers are real price fighters, who often work online.

If you want to make a complete comparison, you should make a comparison of the car insurance policies of traditional insurers, banks, and direct writers.

Via the tax-free comparator, you can make a complete comparison.

3. No unnecessarily high coverage

It is mandatory in the Netherlands to take out third-party car insurance, but more extensive car insurance – which provides coverage for damage to your own car – is not mandatory.

The Dutch are used to insure a lot. Many car owners have too much coverage because they estimate the current value of the car too high.

If you really want to save, you could choose to only take out third-party car insurance.

You bear the risk of damage to your own car yourself.

Part of the premium that you save every month, you could put aside for example if you have window damage once.

If you want to reduce the coverage of your car insurance, you should definitely read this:

Is it possible to change the coverage of a car insurance policy in the meantime?

4. Avoid double coverages

With car insurance, additional car insurance can be taken out.

These provide extra security and convenience but can have similar coverage to other insurance policies.

For example, many people have legal expenses insurance for traffic. This offers help in recovering from car damage.

It is then a waste of money to take out recourse assistance if it offers the same coverage.

Because story assistance costs between 2 and 4 euros per month, this still yields a nice saving of about 24 to 48 euros.

Furthermore, it may be unnecessary to add a no-claim protector to a car insurance policy, for example, if you have built up 25 damage-free years.

5. Increase the deductible in exchange for a lower premium

It may sound nice, car insurance without excess.

However, if you want to save, you could opt for car insurance with an extra high deductible.

Some insurers offer the option to increase the deductible, in exchange for a lower premium.

This is simply a way to save on car insurance, but you have to take a larger part for your own account in the event of damage.

6. Pay attention to policy costs, termination costs, and change costs.

In 2016, I published a post about the hidden costs of insurers.

Many insurers charge policy costs after taking out car insurance, but some insurers also charge change costs and termination costs.

This means that you have to pay, for example, for changing a car or terminating car insurance.

 

ALSO READ: Selling A House: Learn How To Handle Money Better

 

7. Bundling car insurance

If you and your partner both have a car, you could bundle the car insurance policies for a lower premium.

Many insurers offer a second family car scheme, which provides an attractive discount.

Thanks to this second-family car scheme, you can insure your second car with the same no-claim discount as the first car.

For example, if your partner has many damage-free years and you do not have damage-free years, you can piggyback on your partner’s high discount.

This can lead to enormous savings.

If you have a household with two cars and you want to save money, then you really need to read more about it:

Read all about the second family car scheme

8. Pay the premium in one go

Some insurers offer a discount if you pay the premium in one go. This discount can amount to 6% of the premium.

With an annual premium of 600 euros, you can save a maximum of 36 euros.

This is more than half of the monthly premium. Of course, you must be able to pay the premium in one go.

9. Avoid payment reminders and collection costs

If you forget to pay the premium of a car insurance policy, you will receive a payment reminder.

If you do not pay after that, you will receive a new payment reminder with collection costs.

This is a total waste of money.

The insurer can also suspend the coverage, which means that you are no longer insured.

As a result, you can receive a fine from the RDW. In 2019, the amount of this fine is 400 euros!

It is therefore advisable to pay the premium on time.

10. Try to prevent car damage

Car damage costs a lot of money.

If you cause damage to others or claim on your own car insurance, you can lose damage-free years. This can increase the premium.

If you have damage to your own car, you must take this damage for your own account or claim it on the car insurance. When you can claim the car damage, you often pay a deductible.

You can save a lot of money by not causing any damage. By driving safely and responsibly, you can reduce the chance of car damage.

If you are curious about how you can drive safely and responsibly, then you should definitely take a look at these tips:

How can you drive safely and responsibly?

11. Take advantage of tough competition

Car insurers are in fierce competition with each other. In order to attract new customers, “they occasionally stunt with the premiums”.

You can only benefit from these premium reductions as a new customer.

If you stay with the same insurer for years, there is a good chance that you will pay too much premium.

Therefore, regularly compare the premiums of car insurance, to see if they have decreased.

It is not the case that cheap car insurance is worse than more expensive car insurance.

12. Keep driving

Damage-free years largely determine how expensive car insurance is.

You will receive a new damage-free year if you have car insurance for a year and do not cause or claim damage.

Claim-free years result in a higher no-claim discount and a lower premium. Therefore, keep driving to build up damage-free years.

When you drive damage-free, car insurance becomes slightly cheaper every year.

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Finance

Selling A House: Learn How To Handle Money Better

Are you tired of worrying about your finances? Would you like to finally learn how to manage your house sale money better after a storm sell it fast?

Learn how to handle your finances better after selling your house

Set budgets for your expenses

With a budget book, you know what you are spending your money on. But so that you really save money and don’t throw it out the window haphazardly, you should set a fixed spending budget for individual cost blocks.

In your household book, determine the maximum amount of money you want to spend per month on rent and ancillary costs, groceries, insurance, etc.

So budgets are small financial goals that you can achieve monthly. Always try to stay under your budget. In this way, you can easily influence your spending behavior and quickly learn how to handle your money better.

Set financial goals

Financial goals make a big contribution when it comes to dealing with your own money in a disciplined manner. Once you have set yourself a goal, you are also motivated to achieve it without fail.

For these reasons, you should set financial goals for yourself at the beginning of each year. By setting financial goals, you set your own benchmark for the next year. Since you want to achieve your goals, you will automatically learn to manage your money better.

after a storm sell it fast

Use an account system

One of the most important laws of money is money loves structure and order.

If you want to learn how to handle money better, you should manage your finances systematically. The easiest way to do this is with an account system.

A cost system is nothing more than a structure in which each account has a well -defined purpose. So you split your money earmarked into different accounts and make sure that you don’t spend your money on anything other than originally planned.

The main problem many people have when dealing with money is not that they don’t have enough money. Rather, their money worries arise from the fact that their money is visible on the checking account and they spend it for that reason. You solve exactly this problem with an account system.

Use a financial system

A financial system is the game changer in your money management that will take your financial success to a higher level. On the other hand, there is no financial success without a financial system.

A financial system helps you manage your finances and brings structure and order to your financial affairs. Through the financial tools and financial routines of a financial system, you will learn how to handle money better.

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Finance, Financial Markets

Forex Trading: How To Make Money In Foreign Exchange

Foreign exchange trading is the buying and selling of one currency in order to buy another. Foreign exchange trading is a market where currencies are traded. The foreign exchange market is the largest financial market in the world with an average daily turnover of over $5 trillion per day. The foreign exchange market can be divided into two categories: spot forex and forward forex. Spot forex refers to transactions that take place on the same day, while forward forex refers to contracts that are made for later delivery dates.

Foreign Exchange Trading

In foreign exchange trading, investors rely on rising or falling exchange rates. The exchange rate determines how much of a currency is needed to buy another currency. Price changes in forex trading are expressed in pips and the unit of trading volume is a lot. Forex transactions are made when banks, trading companies, central banks, mutual funds, and private investors buy, sell, exchange, and speculate with currencies.

Until the turn of the millennium, global foreign exchange trading was only available to professionals, i.e. banks and institutional investors such as hedge funds. In the meantime, however, private investors can also participate in the trillion business.

Read also: Is it Legal and Safe to Engage in Forex Trading in Malaysia?

How to make money in forex trading?

Here is an example. You buy a EUR/USD at an exchange rate of $1.1355 and a few hours later sell the pair at 1.1389. Then you made a profit of $0.0034, or 0.3 percent. That’s probably more than the bank is currently paying you in interest each year.

The chances of profit and the risks of loss in forex trading become clear when you know that the transactions can also be carried out with a leverage of up to 500. In this way, you can multiply your earnings – but also leverage them down significantly (more on this below).

Before you engage in forex trading, you should have some experience. Note that exchange rates are unpredictable which can highly affect the way you trade.

Who Offers Forex Trading?

Foreign exchange is not traded on a central stock exchange, but exclusively electronically on the so-called OTC market (“Over the Counter”). While the banks are networked with each other, private traders need a forex account to trade foreign exchange. Specialized forex brokers and high leverage forex brokers offer their intermediary services with trading platforms.

What Fees Should Forex Traders Expect?

The Forex broker earns on the spread between the bid and asks the price of a currency pair. In trading one speaks of bid and ask prices. Due to the high level of liquidity in forex trading, these ranges are usually quite narrow, usually set to the fourth decimal place. The range (spread) depends on the currency pair, the liquidity, and the degree of fluctuation. The more frequently a currency pair is traded, the narrower the spreads.

The margin usually also covers the transaction costs that are due with every purchase and sale. They are lower than in stock exchange trading with shares or derivatives.

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Finance, Main Blogs

Why Budgeting is Important in Businesses?

You probably already know that budgeting is a must for every business. After all, who doesn’t want to be super-organized and successfully track their finances? However, many businesses fail in implementing a good budgeting system. This happens because they don’t see the true value of budgeting as a financial management technique.

Budgeting is more than just managing your expenses; it’s about making informed decisions before spending money on anything. It allows you to see where you can cut back without affecting your business operations or damaging its long-term viability.

If you want to expand your knowledge about the benefits of budgeting and its importance to your business, then make sure to read the entire content of this article. 

Why is Budgeting Important in Business?

A budget is a financial plan for what you want to achieve with your money. It helps you estimate the amount of money you need to make your business goals come to fruition.

A budget is important for businesses in several ways: It helps you make better financial decisions, focus on your long-term goals, and track where your money goes each month. A budget helps you prioritize your financial goals.

Important Benefits of Budgeting in Business

There are many good reasons why budgeting can benefit your business. Some of which include but not limited to:

  • Plan for future expenses: A business budget enables you to plan for expenses that are likely to occur in the next 12 months. This could be paying off debt, purchasing new equipment, paying employees, marketing, or any other recurring expenses.
  • Identify and prioritize your financial goals: When you create a budget, you’ll understand how much money is available for you to use each month. This will help you identify and prioritize your financial goals.
  • Manage cash flow: Having a clear budget for your business will help you manage cash flow. This is because you’ll know how much money is coming in and going out each month.
  • Better financial decisions: A budget will let you know how much money you have available to spend on different aspects of your business operations. This is going to empower you in making your financial decisions. You can also hire investments advisor to expand your knowledge about which businesses you should invest in.

Key Tips to Implement a Successful Budgeting System

Keep in mind the following if you want to increase your success rate in implementing a budgeting system.

  • Define your business goals.
  • Track your income and expenses.
  • Update your budget each month.
  • Make your budget public.
  • Hold regular meetings to discuss the budget.
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economy

Ecommerce Website Development – What Does this Service Constitute?

While many who transition to ecommerce look for a provider of ecommerce website development services, they have little idea of what the service constitutes. Actuallv by, an ecommerce website developer’s main focus is not to develop the ecommerce technology but to use existing programs, solutions and applications to make your Internet space appear and behave responsively as a web-based online store.

It should be capable of accepting orders, offering amenities, processing customer payments and releasing the purchased merchandise to carriers who will ship them directly to customers.

There are three known ways by which a website developer customizes and builds an online store.

One is to build it from scratch using an open-source ecommerce platform.

The Drawback of Building from Scratch

Building from scratch may seem economical at first, as it uses an open-source ecommerce platform, which allows modifying any or all aspects if the codes. Yet the developer here is building only a website designed and customized for ecommerce use. At the end of the day, turning it into a functional and mobile-responsive ecommerce website will prove to be more costly and cumbersome.

The ecommerce merchant has to pay web hosting fees, obtain tools and applications, and hire an administrator to ensure the online store is PCI compliant, has no security issues exposing its customers to cyber theft, is up to date with manual patches and software updates. This is why many developers give advice against building from scratch because in time and as the business grows, the greater the complexities become.

Lease to Customize a Third Party SaaS Ecommerce Platform

The second option is to simply customize a monolith solution of a large block of pre-built, cloud-based ecommerce platform offered for lease by a third party SaaS provider.

This is the traditional ecommerce model, which ties together all the needs and requirements into a single monolithic architecture. This of course benefits an ecommerce merchant in terms of setting up market operations within a shorter period of waiting time. Although it does not offer much in terms of flexibility of customization and functionality integrations, the SaaS solutions provider assumes administrative many responsibilities.

Such responsibilities include site hosting and ensuring security, software updates, PCI compliance and all other tasks that basically comes with managing the cloud-based software.

Build Using the MACH Approach

The third option is to use the MACH approach, which follows the principle of building an ecommerce platform using the best of breed in Microservices, API-First, Cloud-Native and Headless (MACH) architecture.

This approach allows the ecommerce merchant with plans of expanding into other regions and/or launching multiple ecommerce websites. A monolith architecture is a smart choice if your intention for your ecommerce store is to let it stay within the small and mid-sized scale so you can limit the requirements.

If you have not found an ecommerce website developer who can provide you the kind of service that ecommerce store needs, reach out to Brainvire. The company has a team of knowledgeable and highly qualified web developers. They can unlock the potential of any eCommerce platform to create and accelerate the rollout of a customer-focused, web-based store using the eCommerce platforms of Magento, WooCommerce, Shopify and Squarespace.

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Finance

Bitcoin And Blockchain In The Financial Sector

The blockchain is currently one of the most prominent technological developments worldwide and is developing a dynamic that will continue to accelerate. Bitcoin and its soaring continue to make headlines and controversy. The situation is similar to other cryptocurrencies.

In fact, there are more and more real-world applications across a range of industries, most notably the financial sector. Now is the time for the financial and wealth management business especially to engage with technology.

immediate bitcoin experts opinion

Bitcoin: Blockchain or distributed ledger technology

Blockchain or distributed ledger technology makes it possible to create new, digital business and investment models. The focus is on digital tokens, which can represent very different types of assets.

Blockchain technology is suitable for promoting digitization, driving automation and streamlining processes. As a result, it can make a noteworthy contribution to decreasing costs in financial establishments. Blockchain-based transactions can be carried out more efficiently and costs for the life cycle management of financial products can be reduced. Ideally, both the investment object and the means of payment are available in digital form on the blockchain. They are therefore practically protected against manipulation.

With the help of smart contracts, completely digital processes are possible, which, among other things, allow atomic “delivery versus payment”. This has enormous advantages, such as the reduction of counterparty risk and collateral reserves as well as near real-time settlement.

Financial establishments can use blockchain technology to simplify and optimize processes. They can reduce costs and increase efficiencies, especially in the back office. Although the technology generally offers advantages in terms of security, robustness, transparency and traceability, it is not suitable for every use case. According to immediate bitcoin experts opinion, it is important to always check and validate their use against the requirements.

Investing in Blockchain Technology: Bitcoin cryptocurrencies and Digital Assets

It is important for investors to have a broadly diversified portfolio, especially in times of low-interest rates and global disruptions in the financial markets. In addition, the digitization of assets opens up new ways of wealth accumulation for the masses. Digital assets also consist of digital representations of substitute investments in the financial world in addition to cryptocurrencies. Previously, these were inaccessible to numerous investors or at least associated with high entry hurdles.

It is becoming important for banks or asset managers to offer their customers seamless integration of digital assets. This significantly lowers the entry barriers for investors, whether they are cryptocurrencies based on blockchain technology or other digital assets.

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Finance

Financial Aspect Of Keeping Furry Family Members

Having a pet is wonderful, but there are costs involved that you need to consider. Having furry family members can save money on your wallet right from the start if you buy all the necessary equipment your pets will need. Then there are continuing costs for regular vet bills, ongoing food and equipment, and unforeseen expenses like medical treatments.

If you haven’t thought about the cost of a pet yet, consider your finances realistically before making a decision. Of course, the cost will vary depending on the pet you choose and other factors. Still, your pet will cost money. You should always be sure that you have factored in these costs and can afford to meet your canine companion’s needs.

Owning a pet is not a short-term commitment.  Some of your companions have long lifespans that mean many years of enjoyment, but also expensive. It is important to consider the long-term costs as well as the short-term.

furry family members

How much does a dog cost?

There are two things you need to consider. First, the initial costs, which can include the adoption fee or price of the dog, a dog bed and toys, leash and collar, microchip, and other things you may need for your dog.

Secondly, the running costs, e.g. annual vet check-ups, vaccinations, treatment to prevent parasites, food, treats, training sessions, grooming, pet insurance and so on. Also, some accessories for your pet need to be replaced over time.

Each dog has a different financial impact depending on the size, age and health of the animal. Veterinary care can be very expensive.

How much does a cat cost?

Of course, for a cat, there is the initial cost of purchasing the necessary items that the cat needs. This will likely include food and water bowls, scratching posts, litter boxes, cat beds/baskets and toys. Once your cat has settled in, there are various ongoing costs to consider. This includes annual veterinary care, including health checks, vaccinations and treatment to prevent parasites. Food and cat litter must also be included in the calculation, as well as animal insurance.

Then there are the occasional costs, which vary for each individual pet owner and cat but can include holiday care and emergency veterinary care if the cat falls ill. If your cat is not spayed or microchipped, this will need to be done.

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Financial Markets

4 Reasons Why You Should Hire a FOREX Broker

FOREX Broker

 

Today’s interchange market is the largest and therefore the busiest market within the world. It’s given lots of opportunities to traders, allowing them to form plenty of cash in a very short span of their time.

However, forex trading isn’t all sunshine and rainbows, and you wish to own an understanding of the market before making any hasty decisions.

Just like with the other investment, you ought to spend a while and do plenty of research. Many of us select a forex broker within the start to assist them to get to grasp the ins and out of forex trading and avoid any frustration.

So, here are four benefits of hiring a forex trading broker for anyone who wishes to form some money.

1. Forex Brokers facilitate your Understand the Market

If you’re a newbie to forex trading, you may face plenty of challenges. The most effective way to avoid any mishaps and losses is thru the assistance of an expert forex broker. A decent professional broker like xmtrading won’t only make bids on your behalf, but he also will teach you the way to create trades and provide you tips to avoid making any mistakes. Knowing how the market works is the key step in making profits through forex trading. Forex brokers facilitate you through the initial phase of the journey so you have got a solid foundation.

2. They Help you create Profits

Most people step into the globe of forex trading in hopes of constructing profits during a short period. If you recognize folks that have tried forex trading and didn’t get the results they wanted; they were missing the vital link within the chain called forex brokers. Exchange markets are very disruptive and volatile. If you expect to form profits, you wish to stay an open mind and keep your expectations to a minimum. Making millions overnight may be a stuff of dreams, and things don’t work like that actually.

 

ALSO READ: Choosing A Reliable Forex Broker To Work With

 

3. They Help You Save Time

Most entrepreneurs opt for forex trading as a side business. Forex trading isn’t for impatient people because it involves learning, understanding, and implementation, which takes time. If you’re already wedged in an exceedingly lot of things, the most effective decision for you is to urge the services of a forex broker. You’ll be able to take the assistance of forex trading platforms and open an account in any of the mentioned brokers. These brokers will take some commission from the profits earned after conducting trading on your behalf. At the top of the day, it’s still better than investing your precious time in learning to trade on your own.

4. They Make Use of Technology

All brokerage firms have certain strategies and software in situ to stay up with the changing trends of the market. Additionally, they also keep a tab on previous ups and downs of a currency to research and estimate future trends. This implies that after you work with a knowledgeable broker, not only are they experienced in interchange, but they also make calculated risks supported by a devised strategy to form maximum profits for you.

The Bottom Line

If you would like to venture into the planet of forex trading, you have got to proceed cautiously, and plenty of enthusiastic traders have lost plenty of cash as a result of fraud schemes that promised them to induce rich in no time. The forex trading market might sound just like the most suitable choice for you, but there are lots of rules and regulations you wish to follow. Each broker has his own quoting method in situ, and before making any decision, you wish to analyze that the worth you’re paying for a broker is getting you the simplest deal possible.

 

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Finance

When Should You Get A Car Loan?

What do you want to spend on your car? This question is crucial not only to the model you are about to drive. It is also about whether or not you should take out a car loan to finance it.

If you have extra money saved for the purpose of buying a car, you will hardly need a car loan. But the more expensive the car is, the more you have to deal with an external form of financing. You need to Visit car loan services and get the one the best suits you.

You should especially consider a car loan if you urgently need the car for work or other reasons and you are currently not financially able to cover the costs out of pocket.

Car loan despite sufficient equity?

If you are looking for your dream car at a dealer, it is not uncommon that your counterpart makes you a cheap financing offer. But if you have enough money, it is better to decline this offer. Your new car will quickly lose value. The interest rate advantage that the dealer grants you is used up in no time.

If you want to finance the car with a car loan despite a full account, you can reduce the monthly instalments by transferring a large down payment to the dealer. The dealer may also be willing to trade in your old vehicle and offset the current value against the purchase price of the new vehicle.

Find a car loan that suits you

The bank will not grant you a loan because you have been a long-term customer and have rarely used your overdraft facility. Even a bank advisor is anxious to act as economically as possible for his business.earnhardt.com

If you want to talk to him about a car loan, he will make an assessment of your ability to repay the loan. A bank advisor at your house bank can get the numbers that give him information about your solvency more quickly.

If the advisor makes you an unattractive offer, ask other banks about their conditions for a car loan. For the comparison, use the possibilities that the Internet offers you. You will receive information about the banks that will meet your payment requirements.

To secure the loan offer from the Internet, compare the figures with the conditions of your house bank. The consultant may be willing to offer a cheaper offer. This way, he can continue to welcome you as a customer in his home.

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Finance, Insurance

Insurance And Discount Assistance For The Elderly

Numbers, there are very few people who like to do it. Nevertheless, you must examine your administration at set times during the year, file a declaration, and investigate whether you are still adequately insured. In the past, you may not have found it enjoyable work, and as you get older, you may dread it even more. That is why we would like to give you some tips in this article and show you the way to help at home with your administration.  By the way, if you need other information come and visit this site (wrongful death attorney Los Angeles)

Best health insurance for the elderly

Let’s start with the medical care insurance that best suits the elderly. The easiest period to switch from health insurance is another 2.5 months. The premiums will be announced at the beginning of November and from mid-November, it will be possible to switch quickly and easily. Of course, every insurance company says it has the best insurance for seniors, but which one is best for you? The short answer is that it largely depends on your personal situation, wishes, and needs. Each health insurer places different accents so that the emphasis is on the reimbursements of a specific piece of care. Many people wait until the last minute to look at their health insurance (often between Christmas and New Year). As a result, choices are made quickly. By thinking earlier about what your needs are and what is important to you, you can better look for the health insurance that meets them in November.

Make a choice

There are several websites that compare health insurance policies. Keep in mind that often not all health insurance policies are on a comparison site. Check independent websites such as the Consumers’ Association website. On the CareynPlus health insurance page, you will find a step-by-step plan that will also help you to choose the right health insurance in November.

Non-life insurance through Univé with a discount

You will not only benefit from your CareynCard with your health insurance. The card offers you no less than a 5%  discount on all Univé non-life insurance policies! Think about:

Tax assistance and administration support

We are probably not doing you any favors with clappers full of papers. Some people even get into trouble because envelopes are left unopened or because the contents are left untouched. Administration help at home is a handy solution for filling in municipal forms, for example, getting a clear overview of your income and expenses and other financial administration. Tax assistance is available at home for filing income tax returns and calculating and applying for benefits. You can also confidently outsource complex matters that demand a lot from you, such as the administrative work surrounding the death of a loved one. It is logical that your head is not on arranging the papers.

Request a discount for the elderly

You may have heard of it: a special discount for the elderly that means you have to pay less tax. This is called the parent discount. This welcome tax credit is deducted from your aggregate income from the moment you reach the state pension age. Are you single? Then you are also eligible for a single person’s discount for the elderly. You are also entitled to this discount if your partner no longer lives at home with you but, for example, in a nursing home. You can easily arrange the elderly discounts yourself with your tax return, but of course, you can also get all the support you need. Do you want help with the application? Enable the administration help at home.
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economy, Finance, Financial Markets

Decentralized Finance: How Banks Benefit Services

finance-bank

The term Decentralized Finance (DeFi) has come into focus in recent months. DeFi can be broadly described as an ambitious attempt to leverage distributed ledger technology (DLT) to provide services without human intervention.

Why decentralized finance?

Since the meteoric rise of Bitcoin in 2017 and the extremely rapid development in the crypto market in late 2020 with new all-time highs, the blockchain has been on everyone’s lips again. However, the technical complexity and limitations of purely digital currency still prevent widespread adoption in the financial world. Currently, the Bitcoin blockchain can only be used as a decentralized payment method and does not offer the possibility to use the blockchain as an open ecosystem for other applications.

Decentralized Finance: Obstacles and Challenges

As with any new technology, there are some obstacles and limitations to overcome in order to achieve widespread adoption in the mass market. Some specific obstacles have already been explained. Basically, the following challenges for decentralized finance can be named:

Further development of software solutions

Decentralized applications that have not been officially tested and that have only been insufficiently tested are often found as easy targets for third-party attacks. Also, there is no guarantee that smart contracts will work as intended in every situation, so security and end-user acceptance are not always increased.

Lack of control

Traditional central bank money is traditionally held stable by a supervisory authority. It ensures the efficiency of the medium of exchange, for example, the euro, by intervening in the market. Therefore, any money supply, regardless of whether it comes from banks, private companies, or online communities, must follow a state-prescribed order or

Ease of use

The implementation of DeFi projects is less driven by existing gaps in the market and more by technology. innovations. This creates applications that have a high degree of technological innovation, but can only be operated by end customers with well-founded knowledge. Consequently, establishing itself in the market is difficult.

Regulation

Smart contracts are exposed to a high level of uncertainty, especially when it comes to regulation. To date, there is still no universal responsibility for cryptocurrencies and smart contracts.

Conclusion on decentralized financing

While Bitcoin brought the blockchain to life, but restricted its use, DeFi has the opportunity to start there and make it socially acceptable. The question of whether DeFi is really starting to disrupt the banking sector and to what extent banks are benefiting from it remains unanswered. DeFi projects carry systematic risks that banks must assess for their business model. Additionally, regulatory hurdles need to be removed and DeFi projects must overcome their initial stability, quality, and safety issues.

Now banks have to do the same, otherwise, this point will also go to Silicon Valley corporations. The topic needs to be addressed specifically to answer the house’s specific question about what customer issues can be solved with DeFi apps. Find out more about banking and finance at.

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Finance

Over 50’s Life Insurance And Money Tips To Practice Even Before Your 50’s

Your 50s is a pivotal age. You are close to retirement and that can be a good thing. But at this stage, you’re probably sharpening your focus even more as you may have 10 or 15 years of work left, so there’s still time to grow your savings and watch it grow.

Whether you’ve been saving your whole career or are simply beginning to think about retirement, it’s a time where you need to take a serious look at what to expect in your golden years as well as what you need to do so as to be financially protected and enjoy your retirement.

Secure The Best Life Insurance For Over 50’s With The Insurance Surgery

A life insurance is something that you should have even before your 50’s. If you don’t have one, then it is something that you need to consider. But if you don’t know what your options are, it could be disheartening to search for a life insurance in your 50s that will suit your needs. The Insurance Surgery can help with this. Click here.

The Insurance Surgery understands how complicated, confusing and laborious it could be to find a life insurance policy to match you as well as your circumstances where you submit or send your information repeatedly so you can hear back from individual insurance providers. With The Insurance Surgery, the process is made easier and quicker for you as they only take your information once and make use of their expert knowledge and skills to look for the best insurance provider for you.

An over 50’s life insurance policy guarantees to pay put out a set lump sum to your beneficiaries. It is different from a regular life insurance, but is still a good option especially if you don’t want the hassle of insurance providers asking you about your medical conditions. Either way, you’ll have peace of mind knowing you’ll be leaving monetary support to your loved ones after you’re gone. So check out The Insurance Surgery, click here, to know your options.

Money Tips To Practice Even Before Your 50s

Putting off money matters in your 50s isn’t a smart thing to do. In fact, even before you hit your golden age, you should take control of your finances for you and your loved ones to be financially sound and protected when you’re older. With that, here are some smart money tips to practice even before your 50’s:

Speed-up Paying Off Debts

As you work those last few years before your retirement, you don’t want to be thinking of and dealing with debts. Calculate your existing financial liabilities and begin to pay off larger ones as soon as you could, including mortgages, car loans, and personal loans. Living without debt in your retirement will be financially liberating.

Track Spending and Cut Costs

By tracking your spending habits, you will have a clear picture of where your money goes. Chances are, you will get to see which areas you can cut cost and need improvement. Determine if the things you spend on are important and really need. If not, then remove from your spending and place the money towards your money goals instead.

If your children are all grown and are ready to leave the nest, you won’t need to spend more on extracurricular activity fees, clothing, and groceries. This means you’ll have extra money in your budget which you can towards your retirement or other money goals. You can also consider buying or renting a house that would better fit you so as to save on maintenance cost, mortgage or rent payments, and property taxes.

Save Early and Frequently

The earlier you save; the sooner you could build interest. Depositing money into your savings account every month could also help you build and establish healthy financial habits. You could also set it where money is transferred automatically to your saving account from your checking account so it’s easier and you won’t forget to save.

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Uncategorized

Should You Hire a Property Management Firm?

The thing with The Property Buying Company and several management companies is that, they’re dealing directly with tenants and prospects on behalf of the landlord. On the latter, it is advantageous on their part for it saves them time and not have to constantly worry about a number of things. This may include:

  • Rent collection
  • Marketing vacant rooms
  • Handling repairs and maintenance issues
  • Responding to complaints of tenants and;
  • Imposing eviction

These are only few of the benefits of hiring a property management company. Besides, a good and experienced management firm brings its experience and know-how to your property. This gives peace of mind that your investment is in great hands. Lastly, seasoned management company is actually an independent contractor. Thus, it allows you to avoid concerns of being an employer.

When to Hire?

Despite the fact that there are numerous advantages associated in hiring a property management firm, working with one could be costly. Aside from the cost, relying your property entirely from one is actually a case to case basis.

Having said that, it is highly recommended if you are going to take into account the following. By doing so, you’ll be able to know when you should hire a property management company.

Plenty of Rental Units or Properties

Needless to say, the more properties that you have and the more the units it has, the more likely you would make the most of working with a management firm. Additionally, if your location is somehow far from your rental property, then it definitely makes sense to work with one. They can be an invaluable asset as you don’t have to worry about what is happening to your properties.

Hands-On Management is not Your Thing

There are lots of landlords who find it challenging to find good tenants and also, the rewards of keeping their properties attractive and safe.

On the other hand, if you look strictly at your rental property as a form of investment and want little-to-do with the management, then no doubt, you’ll benefit from hiring a management company.

You don’t have much Time

Even if you love hands-on management, you may not have enough time to allot to your business. This is true if landlording is not your main job. If you prefer as well spending your time in growing your business, including arranging the financing for renovation, searching for new properties or even changing the current structure of your business, then the presence of a property management company may just be a great way of spending your money.

By
Finance

Choosing A Reliable Forex Broker To Work With

The foreign exchange market is the largest as well as the busiest financial market in the globe, where it handles a trading volume worth trillions of dollars. When and if done the right and the proper way, forex trading can be a very lucrative investment. This is why the forex market appeals to a lot of traders and investors across the globe.

Working With A Forex Broker

While you can directly trade in the forex market, many choose to employ the services of a forex broker, like,  because of the advantages they enjoy. Forex brokers serves as intermediaries or middle-men between the forex trader and the interbank market, a system that is used by banks as well as other financial institutions to trade various currencies. Hence, an interbank system would refer to all major banks and all their connections wherein they send currencies to one another.

Forex brokers,  provides a way for both retail forex traders and forex investors to connect to the larger market since major banks aren’t interested in having to deal with “small” volumes of money which an individual forex trader puts into the forex market.

What To Look For In A Forex Broker

As forex brokers serves as bridges, it is then imperative that you choose a professional and reliable forex broker to make that connection. Otherwise, you only waste your time and your money. However, with the multiplicity of forex brokers to choose from, it can be overwhelming to take on the task particularly if you don’t have any idea what to look for in a forex broker. To help you in your search, here are a number of things to check when picking a forex broker to aid you in your forex trading endeavor.

HIGH LEVEL OF SECURITY

The major characteristic of a reliable and trusted forex broker is the high level of security they provide. After all, you don’t want to entrust your money to someone who claims they are legit without giving any proof. Thanks to the internet, checking the legitimacy and credibility of forex brokers is now easy and simple as there are strict regulatory bodies around the globe that separate forex brokers who are trustworthy from those who aren’t. Here is a list of these regulatory bodies and their corresponding country:

  • AUSTRALIA: (ASIC) Australian Securities and Investment Commission
  • CANADA: (IIROC) Investment Information Regulatory Organization of Canada
  • FRANCE: (AMF) Autorité des Marchés Financiers
  • GERMANY: (BaFIN) Bundesanstalt für Finanzdienstleistungsaufsicht
  • SWITZERLAND: (SFBC) Swiss Federal Banking Commission
  • UNITED KINGDOM: (FCA) Financial Conduct Authority and (PRA) Prudential Regulation Authority
  • UNITED STATES: (NFA) National Futures Association and (CFTC) Commodity Futures Trading Commission

TRANSACTION COST

Regardless of what type of forex trader you are, you will have to pay for transaction costs. Each time you make a trade, you need to pay either a commission or spread. Hence, look for a forex broker with the cheapest and most affordable rates. However, make certain that that they provide quality service even with such kind of rate. At times, you will need to sacrifice paying more for a much reliable forex broker.

HASSLE-FREE DEPOSIT AND WITHDRAWAL

A good forex broker allows you to make hassle-free deposits and withdrawals as they actually have no reason as to why they should make it very difficult for you not to. Afterall, it is your money and your profits. They simply hold your funds in order to facilitate trading.

TRADING PLATFORM

When engaging in forex trading online, the trading activities mostly transpire in the trading platform of the forex broker. Therefore, you need to ensure that the platform of the forex broker you choose is stable as well user-friendly. Furthermore, most forex brokers also provide a practice or demo account so as to give you the opportunity to have a feel and run through of how forex trading works.

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Uncategorized

Understanding Stocks

Not having any clue with the stock market but planning to make an investment? The whole thing could be overwhelming and intimidating at the same time. Stocks are different from money market funds, certificates of deposit or savings account. That being said, stock’s value rises and falls depending on the market situation. If you don’t have enough knowledge or experience in investing, there is a big possibility of losing majority of your capital upon investment.

As for business owners on the other hand like those in dental debt collection, clothing or whatnot, they may have cushion to lose since they always have something to fall back on. For those who have none though, it is extremely important to learn and understand about the fundamentals of stock investments.

Buying Stocks

If you wish to buy some stocks, then you need to find yourself an online broker. Even after finding a broker that you can trust, there are still many other things that should be taken into consideration. To avoid confusion on this matter, there are few tips to be reminded of.

Find out Your Goal

Just before starting to any sort of investing, the very first thing that you must do is ensuring that your financial situation is somewhere that can cover for this activity you’re trying to do. Your financial baggage will include everything from your household budget, personal expenses all the way to your income and debt.

Save Some

Before putting any of your cash to stock market, it is imperative that you put away some that won’t be subject to risk or whatever.

Being able to have cash reserve that is equivalent to at least 90 days of your living expenses must be the minimum.

There are couple of reasons why having cash reserve is important and they are:

  1. They serve as emergency fund in case of financial emergencies
  2. It will keep you from pressing the panic button in the event that you take a dive on an investment

Start it Off with Exchange Traded Funds or Mutual Funds

If you are just starting with investing, you are better with mutual funds as well as exchange traded funds or simply, UTFs instead of going directly to stocks. Funds are managed professionally and this will help in removing the burden of choosing stocks from the get go. Then, once you become comfortable with the stock market and more equipped with experience and knowledge, that is when you can slowly move up.

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Finance

The Advantages of Business Credit Cards to Small Businesses

Credit Cards

 

Understanding how to locate the very best benefits from a credit card helps small-business owners make more than only a very low speed.

The ideal small-business credit cards are very popular for a simple reason. By assisting you to enhance liquidity and cash flow to supplying a bevy of incentive benefits such as cashback and factors which may be redeemed free of travel and food, they are packed with a period – and – money-saving extras to assist small-business owners.

Wondering what the best company credit cards to get small-business owners really are, and just how they can help you build and expand your own operations? Look no farther: Below, you will find five grounds in which the very ideal small-business credit cards are a must-have for any entrepreneur, and the way regardless of your business or area of experience, they will be able to let you chart your way to better success moving forward.

Why Small-Business Credit Cards Make Sense for You

What’s the very ideal small-business credit card? One of the lots of upsides, the best business credit cards to get small-business owners can assist you:

1. Separate Private Expenses From Company Expenses

Unlike private expenditures, a lot of which cannot be deducted from the taxes, myriad regular small-business costs –e.g. gear, office equipment, and travel are tax-deductible, also may cause substantial monetary savings over the duration of any given calendar year. The very best credit cards to get small-business owners (which you may bill professional costs on) make it effortless to divide the two and keep together with prices, such as monitoring which types you frequently spend on. They also make it simple to see company charges on a single invoice, rather than needing to keep tabs and different out fees to numerous bank account and debit cards, and also can offer different incentives and rewards as an extra bonus.

Constructing a better credit score for your company can allow you to gain more funds, enjoy increased liquidity, and boost your buying power.
Additionally, if you are traveling regularly or racking up fees within the area, they are also able to assist you in making investment management much easier, or, in case you are working with a number of workers, to centralize all costs on a single account. You might even capitalize on technical small-business credit cards to make additional rewards and points in your favorite airlines and resorts also if you are a regular commuter.

2. Enjoy Rewards Which Benefit Your Enterprise

Why would be the very ideal small-business cards to get small-business proprietors thus popular with companies in each area? You do not need to look far to find the multitude of amazing perks and membership benefits they provide also. For instance: Up to 5X as many things on select flights and resorts, free entry to exclusive airport lounges, and bonus benefits on classes where you devote the most monthly, flexible payment options, and much more. With numerous resort, airline, and airline spouses, small-business proprietors who enroll for these options can easily make money back, get a variety of freebies and revel in exclusive discounts and free perks at their preferred destinations. Additionally, particular small-business cards may also offer you more for each stage, allowing you to get more gift cards, cards, or traveling updates for each stage spent. In consequence, every single time you use them, you are also putting cash back into your pocket and bringing one step closer to loving all kinds of luxury amenities and upgrades at no extra cost.

 

ALSO READ: Importance of Financial Literacy in Effectively Managing Financial Resources

 

3. Build Your Business Credit Rating

Constructing a better credit score for your company can allow you to gain more funds, enjoy increased liquidity, and boost your buying power. The earlier you’re able to boost this, the likelier you should have qualified for business loans, so be in a position to tap into lines of credit and get other types of funding that may help your company grow. Fortunately, the very best business credit cards to get small-business owners may allow you to handle monthly expenditures more efficiently, and gradually develop a winning credit history as time passes. Many provide deep discounts on purchases and funding provisions, while more supply interest-free shopping at a number of your favorite sellers. Employing the very ideal small-business credit cards, you also can be more capable of building and adhering to a monthly invoice and getting in the habit of maintaining costs more manageable with time.

4. Benefit By Insurance and Purchase Protection

Perhaps you have purchased a product that has been stolen lost or accidentally broken? Some credit cards provide insurance on eligible purchases for around a particular number of days in the time of purchase, permitting your small company to manage increased reassurance. Additionally, you also might be insured for the complete cost if you attempt to return a qualified thing within a certain variety of days once you have purchased it along with the retailer won’t return.

Better still, if you are a road warrior, then you will also find many perks available like travel incident insurance, auto rental and reduction insurance, baggage insurance, and much more. Because of this, whether going from town or purchasing from the workplace, you can rest easier knowing that somebody’s watching your own back.

5. Tap Into Low-Interest Borrowing

Funding a little company is no small undertaking, and offsetting expenses and income can be a significant act. Fortunately, the very ideal small-business credit cards do not only provide you flexible payment provisions but in addition, low-interest prices and signup bonuses aplenty which could enable you to handle your monthly payments. Specially made to talk to the demands of all small-business owners, these cards provide many different perks from flexible spending limitations to better means to monitor and handle labor expenditures, and that means it is possible to remain cash-flow-positive whether you are a group of dozens. The further you leverage the amount of useful money management instruments they supply, the more capable of taking advantage of each dollar you’ll be.

Long story short: The ideal small-business credit cards do not just supply a handy method that will assist you in getting a better grip on your finances. They are also a very best friend to regular fliers, and also among the most significant and useful instruments a small-business operator can capitalize on. So if you haven’t yet, apply for a credit card such as one from American Express, activate it at www.americanexpressconfirmcard.live/, and proceed on your way to hassle-free financial management for your small business.

 

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Finance

Importance of Financial Literacy in Effectively Managing Financial Resources

In coming of age in an economy where there is much uncertainty on the security of your main source of income, having financial literacy is of utmost importance. The pandemic has taught us lessons about the lack of preparedness for unexpected distress of not having enough money saved for contingencies.

Yet what is financial literacy and how can it help us prepare for the unexpected?

Financial Literacy Defined

Financial literacy is that state of mind where a person is knowledgeable about basic financial matters in ways that will enable him or her to effectively manage financial resources. In being financially literate, you will be able to understand and develop basic skills in budgeting, in keeping your cash position illiquid, in negotiating for the best deals, as well as in choosing the right investment product on which to grow your money.

The more financially literate you are, the better equipped you become in saving up for the future and whatever that future brings.

Studies Revealed Low Levels of Financial Literacy Among American Millennials and Gen Zs

A study conducted by the National Endowment for Financial Education revealed that only 24 percent of American millennials indicated basic financial literacy. The Teachers Insurance and Annuity Association of America (TIAA) fielded a 2020 survey that revealed the members of Generation Z as the demographic with the lowest level of financial literacy; as only 41% were able to answer the index questions accurately.

Such revelations were supported by the results of a study performed by the Urban Institute, which revealed that as many as 77 million Americans in all demographics have outstanding credit card debts. A separate study by the Financial Industry Regulatory Authority (FINRA) indicated that one-third of American with credit card debts pay only the minimum amount due on their credit card bill/s each month.

Importance of Being Financially Literate

According to financial expert and founder of Edelmar Financial Engine, persons who are not financially literate tend to pay for purchases that could have cost them less and at the same time tend to miss out on investment opportunities. The most common case examples provided by financial experts in relation to lack of financial literacy is the practice of using credit cards for nearly all purchases, without understanding the impact of compounded interests.

Why Financial Literacy Matters in the Use of Credit Cards

While the main benefit of credit cards is in having the power to defer payment on purchases, one should have full understanding of the Annual Percentage Rate (APR) of interest being applied by credit card companies on outstanding debts.Since this article mainly focuses on the importance of financial literacy, we will not go into long discussions about APR.

We will simply point out that the interest increases the amount of your obligation on a daily basis and has a compounding effect. When an interest becomes part of your outstanding balance, the minimum payments you make monthly will first apply as payment of the interest due. In the meantime, the unpaid balance of your credit purchase remains outstanding and still subject to monthly interest charges. As a result, your credit score will be affected because your credit card history will reflect slowness in the payment of obligations when they fall due.

Financial literacy is more than just looking for the best offers, let’s say for a car insurance coverage. Even if websites like carinsurancenearme.com furnish the most comprehensive data with which to make comparisons, being financially literate will enable you to analyze which insurance policy can effectively provide you the best coverage for car-related contingencies.

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Finance

Leverage, capital structure rules and financing principles

Viewed historically, the financing policy of German companies can be characterized by a continuous process of substituting equity for debt. As part of this increasing debt, the more expensive but flexible equity factor is partially replaced by the cheaper but inflexible debt capital factor. Check kiss918 site while learning classic financing rules.

Classic financing rules

In the context of the classic financing rules in business administration, a distinction must be made between the horizontal and vertical capital structure rule.

Horizontal capital structure rule

The horizontal capital structure rule requires a congruence of the maturity of the capital provision with the commitment period of the assets so that the fixed assets are to be financed with equity capital and possibly with long-term debt capital and the current assets with short-term debt capital.

Vertical capital structure rule

The vertical capital structure rule requires the equity capital to correspond to the creditor capital and thus a debt ratio of one. These balance sheet structure standards are primarily intended to ensure the company’s liquidity and are in this respect oriented towards the interests of the creditors with regard to securing interest and principal payments.

It should be noted that strict adherence to these financing rules from a liquidity point of view is normally not necessary and often insufficient in the event of a crisis, since there is income between the accounting categories of assets and capital, to which the rules refer, and the financial categories that determine liquidity and spending only have a very indirect relationship. In this respect, the accounting categories can only inadequately reflect the financial status of a company, since the following differences exist between assets/capital on the one hand and income/expenditure on the other:

In principle, there is no correspondence in the temporal distribution of the two categories, since the capital structure rules assume that the revenue process does not generate cash in the event of a crisis. Particularly in crises, parts of the current assets that are supposedly tied up for a short time turn out to be partly unsaleable, while isolated parts of the fixed assets may be available as liquidity reserves that are available at relatively short notice.

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Finance

Financial Management And Planning For Businesses

“It takes money to make money.”

Businesses, regardless of the scale, need to take into account their finances for various reasons such as for business expansion or for survival during bad times. The way you fund your business could affect your capacity to implement certain plans like obtaining permits and licenses, hiring employees, purchasing inventory, marketing initiatives, and for business growth and expansion. Although it isn’t essentially as vital as the vision of the business as well as the product/service it offer, finances are vital to make possible the good and great stuff.

Singapore SME Loan, for instance, provides loan assistance to small-medium enterprises (SMEs) in order for them to implement or carry out the plans they have for the business to grow and expand. Some of the loan brokering service they offer include Working Capital and Business Term Loans, Equipment Financing and Hire Purchase, Commodity Trade Line and Financing, Temporary Bridging Loan, and Invoice Factoring.

Business Financial Management And Planning

Finance is necessary and essential for any business to help in carrying out and realizing the objectives and goals of the business. Since finance is very much important, businesses should be responsible and careful in managing its finances, which is a crucial aspect to any business. With financial management and planning, this will help in the decision-making processes, such as what to spend on, when is the right time to spend, as well as how much to spend, all of which depends on the availability of the funds.

Let’s have a look at other reasons as to why finance and financial management is imperative in any business.

Financial Management Helps the Business to Continue to Exist

A good and successful business generates revenue. This is where a business gets its finances to fund operational costs, such as payment for utility bills, procurement of inventory, and payment of the employees’ salaries. The more a business earns by selling quality products and/or services, the more the role of financial management and planning is crucial in a business as you ensure your earnings are put to good use for your business to continue to grow and exist. Mismanagement of funds could be the collapse of a business.

Availability of Sufficient Funds

Adequate available funds are essential for short-term and long-term business goals to be achieved. Having adequate available funds also ensures that there is enough available money for any unexpected circumstances. Moreover, the business should also know where to get the funds should the need arise to handle the financial crisis.

Management System for Cash Flow

While a surplus of cash flow seems to be a good thing, managing it could be difficult. Having a surplus of funds and not making use of it in such a way that is useful and beneficial to the business is a big waste of available financial resource. Hence, you should have a plan on how and where to use these funds wherein it would build up your business and yield you more earnings.

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Uncategorized

Using Short Selling to Your Advantage

Short selling is simply selling borrowed security in order to buy it back when price declines. It actually not the ideal strategy to be applied by novice investors due to the big risks of loss. Regardless if you are into traditional trading or into crypto trading, it is not a very wise move. If you do insist, it is best that you read some Bitcoin exchange reviews to see how you can really take advantage of it.

But how it Works?

Inflation is one of the contributing factors for short-selling. Traders are buying securities similar to stock either though a stockbroker or a company. Most of the traders are using services of experienced brokers and opening trading account like cash or margin account. Going short means selling futures or security contract or even writing option believing that the price is going to decline.

On the same note, going long is about buying a security that’s expected to increase in its pricing. The trader does not own any security instead, it is borrowed from the stock broker. The trader is going to buy the same volume of stocks so they can close short and then, return it to their brokerage firm. Traders are buying back securities after the decline of a price and make a profit out of it. The opposite thing happens though when price is going up as that is when they lose money.

Benefits of Short Selling and why it should be Considered?

There are various reasons for a trader to sell short and among it is to protect their portfolio or investment instruments. Traders are opting to sell short when they have plenty of long positions. This is a way of hedging risks.

Another common reason is by making money during bearish market when the stock’s value is expected to fall. One concern with this form of trading strategy is that, there are a lot of risks associated to this. The price of the stock may keep going up and there’s no limitation to the loss. Yet another challenge is that, traders do owe dividends and rights that come with the stock. This is basically how stockbrokers are benefiting from it. So as much as possible, do in-depth research about dividends that your chosen stock pays.

Profiting from Short Selling

Needless to say, the end goal is to generate profits from short selling. One way of doing this is by using negative return momentum. Whether you’ll make money or not entirely lies on the market conditions. Regardless if it is in a down or up market, you should always find opportunities as well as ways of minimizing risks and maximizing profits.

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Finance

The Value Of Creating A Budget

good money lenderPeople have various impressions, perceptions and principles about borrowing money and debt. Although it may be alright for some to borrow money for whatever purpose, others may be strongly against it, or have strict rules when it comes to borrowing money. Regardless, there will be certain circumstances in our life that leave us no option or alternative but to borrow money by taking a loan from a good money lender.

Looking for a reliable good money lender to take a loan is imperative to ensure you are transacting with a licensed firm or individual and that they are operating with the standards and requirements of the law. Moreover, knowing that a good money lender is accredited by a professional accrediting team in the financial market and industry would increase your confidence and trust that you are transacting with reputable, trusted and professional money lending firm.

If you believe and think that you need to get a loan, make sure that you could manage to pay for any new regular repayments apart from your present monthly expenses. Hence, it is imperative to know precisely where you get your monthly income and where it goes to see whether or not you could pay for additional credit.

The Value of Creating a Budget

Creating a budget is fundamental and extremely important to efficiently manage your funds. Many may seem unwilling and unenthusiastic about creating a budget plan as they feel it is tedious work and very much restricts them from using their funds. Although it may be tedious and restricting, having a budget plan has its many short-term and long-term benefits as it helps you maximize your funds as well as save and accumulate wealth rather than overspending and being wasteful of your finances. Below are good reasons why it is essential to have a budget plan:

Prevents and Stops You from Overspending

Recklessly and irresponsibly spending your money once you receive your income or salary could easily lead to overspending. When you overspend, you restrict your spending capacity in the future as you have you have to pay off more debts. Make use of your budget to know when you have reached your limit and to stop spending.

Helps You Achieve Your Objectives

Having a budget aids in determining your spending priorities and objectives, and could help you focus your finances on things that are most essential and important, such as saving for a car or house, to be debt free, or for a start-up business. With a budget plan, you monitor your spending and make sure you are on track in realizing your goals.  

Encourages and Helps in Saving Money

Individuals without a budget are most likely to save less or have no savings at all. When you create a budget plan, you allot money for certain things and expenses. With technology today, you could now automatically transfer funds every month to your investment or savings account. Moreover, a budget plan would help you avoid and stop spending money intended for your savings or investment.

Creating an efficient and effective budget plan and sticking it will surely help you achieve the abovementioned and more. Most importantly, you can begin to build up wealth and achieve real wealth financial freedom.

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Finance, Financial Markets

Rapid Changes in Oil Prices Spur Spike in Oil Futures Derivatives

A spike in oil future derivatives is likely to transpire now that oil-producing countries finally took action to arrest the continuing decline in oil prices.

What Caused the Collapse in Global Oil Prices?

The collapse of global oil prices went as low as $2. per barrel, only to slump further at 25 cents per barrel. Price drops were driven by the excessive supply of oil amidst the coronavirus crisis. Inasmuch as the economies of countries across the globe halted, the demand for oil rapidly vanished and caused a reverse trend on how oil prices go in the global oil markets.

As prices continued to drop, member countries of the Organization of Petroleum Exporting Countries (OPEC) finally came to an agreement to cut their supply of oil. That way, a semblance of balance will be achieved if less will be available until such time that supply, becomes more or less, proportionate to current demand.

A more significant step that was taken, was the suspension of oil production. Since nearly all storage tanks remain full, none will be available if oil fields and drilling sites continue to pump out oil. Currently, the price of oil is coursing at an upward trend, as the demand for oil and petrol products is likewise increasing in countries that are gradually reopening their economies.

Still, rapid changes in oil price are  taking place, as countries in Asia where Russia’s oil are being delivered, are currently experiencing a second wave of the COVID-19 pandemic. In the U.S., several states are also experiencing a second wave; although it is widely suspected that the additional cases are mere extensions of the first wave.

Nonetheless, stock market investors have little confidence in buying shares of oil companies despite their ridiculously low prices. The general consensus is that it will take time before oil companies can recover from the losses caused by the oil-price collapse. That being the case, not a few, but many financial traders are turning their attention to oil futures and their related derivatives.

 

Newbies are Advised to Practice First Before Participating in Derivatives for Oil Futures

Although derivatives for oil futures may have the appeal of being a straightforward yet lucrative transaction, it would be best for newbies not to quickly jump in. The matter of making decisions on whether to agree (Yes) or disagree (No) to a proposition requires careful thinking and assessments of global conditions. A wrong decision over a proposition could spell substantial losses that one might find hard to recover.

Newbies should first take time to practice by using a demo or practice trading platform like the one that they will find at https://ipoption.com/

The platform is offered free of charge by leading CFD broker IQ Option Europe Limited, which comes with a 10,000 demo money value. This broker is licensed and regulated by the Cyprus Securities and Exchange Commission, which requires licensed brokers to offer a demo trading platform that has the same and exact features as the platform used for real money. The only difference is that the demo software runs only on demo-money.

Another great thing about using the IQ Option demo trading platform is that for a minimum deposit of $10, new members can practice all they want and for as along as they want.

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economy, Main Blogs

British Economy Slumps But The Worst Is Yet To Come

Britain’s economy contracted significantly in March. According to Commerzbank expert Peter Dixon, this is just the beginning. Because in addition to a much more severe slump in GDP, the country is heading for steep deficits.

No other country in Europe is grappling with the coronavirus pandemic like the UK – around 231,000 cases, more than 33,000 deaths, more than any other European country. The consequences for the economy are likely to be dramatic because of the severity of the outbreak, the Bank of England recently warned.

Bank of England predicts the worst slump in 300 years

The central bank anticipates a 14 percent decline in the gross domestic product (GDP) for the year as a whole – the hardest slump in over 300 years. The steep minus is the result of an unprecedented slump of 25 percent in the second quarter, after a decrease of “only” three percent in the first quarter, the bank predicts.

Commerzbank economist expects considerable losses

The GDP decline in March recently gave the first taste of this. Data released on Wednesday showed that economic output in March fell 5.8 percent from the previous month. In the entire first quarter, this was minus 2.2 percent.

“The worst is probably still ahead of us,” warned the expert for Great Britain, Ireland, and the British Federal Reserve. “Since the lockdown did not begin until late March, its full economic impact will not be felt until April,” said Dixon.

According to Dixon, economic activity at the end of March should have been about 25 percent lower than in February. Had the economy not recovered since then, there would have been a further 23 percent decline in the second quarter. However, Dixon expects the minus to be somewhat smaller due to the easing.

The economist’s expectations show that the Bank of England’s horror forecast has not exaggerated, especially since the central bank’s assumption was that the lockdown would remain so strict until June.

Britain pays € 17 billion a month to maintain jobs

In addition to the decline in GDP, Dixon anticipates that the pandemic will drive up British unemployment and will ultimately cause a significantly higher budget deficit – for example, through the so-called “Coronavirus Job Retention Scheme” (CJRS), which translates as “Coronavirus workplace”. Conservation System ”means.

This program will be extended beyond the second quarter to October, Dixon said. “To reduce costs, the workers on leave will be able to work part-time from August, with employers having to pay part of their salaries,” said the economist. After all, that helps to push down the cost of the CJRS, which currently costs the UK £ 15 billion a month.

Nonetheless, this cannot stop the decline in jobs. According to Dixon, the country’s unemployment rate is expected to rise by a whopping three percentage points from 3.5 percent in March to 6.5 percent in April. For comparison: In April the unemployment rate in Germany was 5.8 percent.

Public debt should rise by a quarter

While the public is eyeing for quick economic recovery, the consequence may lead many small and medium businesses to take out loans in private institutions like Loose Lending (https://looselending.com/).  For these reasons, Dixon expects significant deficits in the UK budget: “In our baseline scenario, we currently expect the government deficit to increase to around £ 250 billion (12.6 percent of GDP) in the fiscal year 2020-21.” The Treasury The country even reports a loss of 337 billion (16 percent of GDP), according to media reports.

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Uncategorized

Seeking Financial Assistance is something You must never be Ashamed Of

Only few know about it but there are actually government assistance from non-profit organizations or agencies that are working together to offer financial assistance both to individuals or family in need. Aside from that, there are free emergency financial help, government money issued from local partners or community agencies or even grants that can be taken advantage of. These resources can be used during times of financial difficulties.

Taking Advantage of What’s Just

The Federal government and state government along with local agencies might be offering financial help to pay for the following:

  • Utility bills
  • Funds to pay medical expenses
  • Health care
  • Rent

Literally, there are numerous food programs, credit card debt services as well as other government and charitable financial assistance programs that can be used. All you have to do is to explore and understand each program offered.

Let us face it, from time to time, financial crisis might come to people and will need money to get through it. Any individual or family who is struggling must never doubt in researching their county government or local state to check what sort of assistance program they can get.

Contacting local agency closest to you is a must to know what kind of financial help they can offer. Because remember, at the end of the day, this is where your tax money goes. It is just fitting to take advantage of it.

Programs that are Covering Multiple States

Government foreclosure and mortgage assistance can be used. Any homeowner who is seeking for free foreclosure or mortgage help and counseling as well from local or state non-profit HUD agency, they could look for additional state foreclosure and mortgage programs.

Federal government actually offers tons of housing assistance programs similar to HUD approved agencies whose job is to provide assistance to families who are in need. There might be money for HUD vouchers via security deposits, paying rent, moving costs and even government assistance to avoid evictions.

In addition to that, research for low income assistance programs that help meet the needs of struggling families. Most of these are actually coordinated and organized by state or federal government. They are offering loans or any forms of financial support.

Disability assistance is also offered by majority of state governments. Benefits are being provided to caretakers or directly to the person in question. They can help for applying on free health care, food, cash assistance, government money and the likes.

Last Resort?

Well, assuming that you have exhausted all your options, then seek help from bankruptcy attorney in San Diego.

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Finance

Missed Credit Card Payments Soar High Due To Corona Pandemic

While the stock market (visit stocktrades) is becoming unstable, many credit card payments have been skipped because millions of Americans have become unemployed as a result of the coronavirus epidemic. Banks and other lenders (who have relied on high consumer spending to make huge profits for years) are preparing to deal with customers.

Credit Card Payments Delayed Due to Coronavirus Outbreak

Credit card payments are one of the fastest places to find financial (short term) security. When a person runs out of funds, this is usually the first loan that goes unpaid. In general, security is not maintained, so if the credit card holder stops paying, the lender is rarely reimbursed.

Many major card issuers, including Capital One, Discover Financial Services, and Synchrony Financial, allow credit cardholders to suspend credit card payments for more than a month. Some have reduced or abandoned arrears and interest expenses, and assigned some customer credit.

With this pause, some borrowers can only float temporarily. Companies and analysts expect payment delays and amortization to increase later this year. Banks and other lenders can only pay unpaid loans until they face payment.

By this year, Discover and Synchrony’s stock market value has evaporated to more than half. This is much less than about a 12% drop in the market, while areas less affected by unemployment (e.g. technology, health care, and consumer necessities) are much worse.

Discover and Synchrony announced this week that payments to thousands of lenders, including many credit card customers, have been delayed. According to Nilson’s report, Capital One, which has about 120 million credit card accounts in the United States, registered 1% of valid card accounts in the extension. These three banks can measure the financial condition of some US consumers. Discover and Synchrony are generally not sold to high-yielding customers, Capital One has many customers and credit scores are below the perfect level.

Banks hope that delayed payments will take time to recover the economy and bring consumers back. However, for those who do not know when to resume work, this may not be enough. Even before the epidemic, many Americans were overwhelmed and used to record credit cards and other debt to keep pace with the increasing costs of college, healthcare, housing, and other costs.

Discover, Capital One, American Express Co., JP Morgan Chase & Co. And other card issuers have raised billions of dollars in additional funds to prepare for potentially large credit losses. “We’re clearly getting worse,” said Roger Hochschild, CEO of Discover Discovery. “It’s very fast and miserable.” Some lenders have reduced creditworthiness for new applicants or existing customers.

Banks like Citigroup Inc., Discover, and Synchrony have closed credit cards that haven’t been used for a while or have reduced spending limits. The company said it has taken steps to reduce risk before pandemics. However, due to these measures, some borrowers can only get loans when they need it most. However, for card issuers, loss of payment is not the only problem.

Card spending for travel and other categories is decreasing. This means that many of the fees charged by banks when making payments by card do not generate much income. And since people at home do not shop, many people cut their credit card costs. This is a problem for publishers specializing in business cards (including sync and affiliate data systems).

Brian Riley, Chief Credit Consultant of the Mercator Advisory Group, said: “Until everything is settled, the credit card’s profitability and risk will be greatly reduced.”

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