How To Start, Build, Maintain, Or Fix Financial Freedom And Security

Ok, now that you’ve taken the first step to becoming financially independent and secure, I’m going to share 10 ways to start, build, maintain, or fix your financial situation/circumtance.

1. Establish and maintain motivation to being financial secure.

2. Don’t get discouraged if it’s taking a while. Patience and consistency are key elements.

3. Financial freedom, security, and wealth come from multiple avenues of income. Unless of course you’re fortunate to inherit wealth.

4. Start small and work your way up. Taking too big of a step could be overwhelming.

5. Open a savings account. Starting with a savings account allows you to put away money that is earning interest. Therefore, your money will be generating a small income. REMEMBER:start small. Be dedicated to putting money into the account on a frequent basis. (A specific amount is good, and you should set a specific reoccurring time to put the money in the account, like every paycheck or once or twice a month.) TIPS: It’s more helpful if you don’t touch the money at all unless it’s an emergency.

 

6. Establish an emergency fund. This allows you to have money on hand in the event your regular income can’t cover your expenses. (You could open another savings account for this.)The amount can be determined by the most costly expense you might encounter such as car transmission, roof leak, etc. $2000 is a good starting point.

7. Once your savings account reaches the necessary minimum to open a CD(certificate of deposit), transfer the money into a CD. This will earn more interest than a regular savings account. (Note: the more you put in and the longer you set the term, the more interest you will earn. CDs usually start at $500, and terms generally run from 6mos-5yrs. Some banks offer large minimums with short terms that have promotional rates that are higher than regular CDs, wachovia bank is one of those banks.)

8. Once you’ve started a small money generating agent and set aside your emergency fund, then you can start working on your debt. You want to pay more on your balance than the minimum requirement. **You can work on your debt before opening a CD, but you shouldn’t work on debt before establishing a money generating agent and an emergency fund. If you don’t have a back-up (emergency fund and savings) for your primary income, you’ll most likely need to use some form of debt product (loans, credit cards, borrowing from friend/family) in an emergency situation or when your primary income doesn’t cover your expenses.**

9. Research other means to occur avenues of income. Some starters are paid surveys, bonds, stocks, mutual funds, investments (real estate, businesses, etc.), IRAs, money market accounts, more CDs, etc. **The more avenues you have, the more income you will earn, therefore, building and maintaining financial freedom/seurity/wealth.

10. DON’T GIVE UP! and stay with it. There are many ways to build something, however, there’s one principle that must always be present, STARTING WITH A STRONG AND SOLID FOUNDATION!

In closing, remember that financial freedom, security, and wealth is established by multiple avenues of income. You should always have an emergency fund or back-up fund for your primary income before working on debt to ensure that you don’t have to rely on debt products for help. Start small with money generating sources, too big of a step could be overwhelming financially. Don’t look at putting money aside as a bill, look at it as self financial promoting or as a self made retirement tool. Always keep in mind, patience and consistency, and stay motivated and encouraged. Beginning with the first five steps will help you establish a strong and stable foundation to build off of. Good luck and stay positive!

Financial Investment Planning Towards Retirement

Investment planning is indeed a vital step in the financial planning process. The implementation of a sound and effective investment strategy is necessary to provide the financial security and expected returns to meet the objectives of a financial plan.

Like every thing in life, nothing is free. Risks and returns go hand in hand. If you want to be rich and financially secure during your retirement years, you have to stomach at least some level of risk in any kind of investment. The correct level of risk tolerance varies from individual to individual, depending on the personality of the individual. Indeed, it would be pointless to make an investment which might double in a short period of time if by virtue of holding that position that individual cannot sleep well and spend endless hours worrying about the state of his investment.

Hence, investment planning entails firstly, determining your risk tolerance. Most investment planners have drawn up a Investor Risk Profile quiz to be taken by their client before recommending on the relevant investment plan for their clients. Investment program and the right asset allocation need to vary according to the risk tolerance of the individual.

Another very important consideration is to embark onto an investment plan only after you have obtained an emergency buffer of 6 to 9 months for your expenses in place. This buffer is extremely vital as otherwise the slightest mishap or an emergency situation can derail your investment plan and cause you to plunder your investment program too early for it to gather momentum.

 

Self managed direct investment should only be considered if you have sufficient knowledge and time to study and monitor the investment conditions. Engaging a professional financial planner would be a wiser option. Different investment products are available in the market and are recommended depending on the degree of risk an investor is willing to undertake. Low risks products would include savings and fixed deposit accounts, moderate risks products would include conservative mutual trust funds and blue chips, whereas high risk products would include small capped growth stocks, futures and options and other derivatives.

In order to meet the objectives of a financial plan, a sound and comprehensive investment plan should consider asset allocation and diversification in the investment portfolio. The investment plan should include a statement of expected return, a statement of expected level of risk and also the expected time zone horizon of the investment strategy.

The U.S. dollar weakened, Global Gold continue strengthening

Gold prices bounce back, after the United States dollar (U.S.) weakened against the euro. Positive sentiment came after the European Central Bank said it was ready to buy bonds for countries in debt.

This policy makes the euro exchange rate rose, but the impact of high inflation. Investors also looked at gold as an asset against inflation hedge. Investors are waiting for important jobs data from the U.S., to prove whether the stimulus Monter stage III (QE3) issued by The Federal Reserve has the desired effect on the labor market.

Spot gold prices edged up $ 3 type, 20 or 0.2 percent to USD1.791, 75 per troy ounce, gold is still recorded a 1.2 percent weekly gain, with the highest level of USD1.794, 90 per barrel, the highest since November 2011. While the U.S. gold, Comex Gold, down $ 2, 60 or 0.14 percent to USD1.793, 90 per troy ounce.

Positive sentiment was also supported gold European Central Bank’s policy to keep interest rates. In addition, ECB President Mario Draghi said the ECB was ready to buy bonds of troubled euro zone and soothe tensions in financial markets.

SPDR Gold Trust, the world’s largest gold trading gold-backed exchange-traded fund, said its holdings reached a record high of 1,333.44 tonnes on October 4.

Spot platinum rose to a more than seven-month high of USD1.719, 50 per troy ounce. Spot palladium, sloping at USD675, 50 with the highest level of USD668, 50 per troy ounce.

Student Finance Services – Serve You Cause

In an era when education is no longer free, money plays an even more important role in the lives of students. Financial burdens cause stress of financial strains placed on students. And here student finance services serve their causes to make them able to avail the quality education. They can often be managed with assistance from the financial adviser located everywhere in the money market.

Under the finance services, you are suggested the following tips:

* Budgeting

* money saving tips

* information, Youth Allowance

* Concessions

* Advice regarding buying a computer

* Fee assistance

* Student loans

* Federal grants

* scholarships

Student finance services are made available to both full-time and part-time students. They are enabled to bear up the burden of expenses related to their studies such as books, stationery, computer or printer fees, food and accommodation, lab charges, technical apparatus etc. In some cases, where there are exceptional circumstances, loans can also be for things like rent or a bill that has arrived unexpectedly. International students can also apply for these services.

Importantly, student finance services are not given for any sort of recreational expense. They do not cover your credit card debt, fines or for any luxury. It is also important to note that loans are for one off expenses. You can not intend to invest the fund on as a regular supplement day-to-day expense.

Rate of interest incur upon the student finance services depends on the sort of service charges. However then, these finance services are cost-effective. And sometimes, services are provided interest free as long as they are paid back within the agreed upon time. Even you can shop around for the cheapest possible service.

A quarter of service providers are out there in the money market. You can locate them even online. Online tool is simple and convenient. It saves a good amount of your time and energy. What all you need to do is to fill out a simple online application. The application is reviewed, and later amount of money is granted. You get the fund you need and invest as per your requirements.

Workplace Financial Education and the Positive Impact on Organisations

Personal finance can be a scary issue for many people. It can be confusing and overwhelming. To make matters worse, most Australians are so busy juggling work and life that they lack the time to give their personal finances the attention it deserves – which is the reason why most employees are requesting workplace financial education, tools and resources to help them make the right financial decisions, so they can achieve real LIFE outcomes outside of work.

Workplace financial education and advice is now the most sought after employee benefit employees want and leading employers are lining up to align themselves with organisations that can provide a trusted source of education and unbiased advice.

And don’t be fooled. Financial education isn’t designed for employees struggling to pay the bills. It’s designed for employees that have the financial capabilities to get more out of their income and investments. So we’re talking about employees ranging from the CEO down to middle management.

 

Investing in employee’s financial well-being makes good business sense. Why? Because personal finances impact basically every aspect of your life – from your lifestyle, relationships, attitude to your physical and mental wellbeing. So when employees lack the time or expertise to make the most of their personal finances, it affects their life inside and outside of work.

Employees who are distracted with their finances often find it difficult to focus on their work and spend valuable work time searching for solutions which directly affects their productivity and their employer’s bottom line.

What is Workplace Financial Education?

Financial education isn’t just about providing employees with information about money, taxes, investments, superannuation and so on, because information alone does not produce financial outcomes.

Employees still have to take financial information away and then apply it to their own personal circumstances which can also be very challenging. So workplace financial education won’t mean much to your busy executive if they don’t have the tools and support to help them take action, so financial coaching is also a big part of a financial education program – having quick access to a team of experts at their finger tips.

The upside will far exceed your organisations expectations

Many employers now include financial education as part of their employee benefits program. There’s a growing awareness that such programs give organisations a competitive edge whilst increasing their reputation as an employer of choice.

Workplace financial education gives employees the tools, information and confidence to make better financial decisions that can help them achieve positive financial outcomes which directly impact their personal and professional lives. It can be a roadmap to a better future.

Creative Ways to Finance a Business Purchase

You’ve just walked out of a business owner’s office, who has
grown an established, profitable business that he is willing to
sell to you, for very favorable purchase terms, at a fair
price, but you have no clue how you are going to raise the
necessary capital required to complete the purchase. Sound
familiar?

Pursuing a viable company to purchase is a very competitive
process. Money is often the most critical weapon a business
buyer has to differentiate themselves from all the other
business buyers who are also fortunate enough as you to have
found the same great business acquisition candidate as you
have. If you don’t have the funds to compete in the business
acquisition market place, you will quickly become a
consequential example of the old mergers and acquisition
industry adage, “No dollars, no play, no deal!”

Most seasoned business buyers will tell you that they are not
always looking for “a deal” in a business acquisition, but to
purchase a company for reasonable terms that offers a
consistent, high return on investment, with little or no buyer
competition.

Astute business buyers focus on leveraging their investment
dollars first and foremost, seeking to acquire controlling
interest in a viable company for the least amount of their own
money. Business purchase terms can be very diverse, as can
means to finance a deal. Terms of purchase are often perceived
by both the business seller and buyer as the most critical link
to their eventual purchase agreement, much more so than just
purchase price.

Sometimes You Have to get “$ Creative”

When you find an extraordinary business acquisition opportunity
that initially exceeds your current financial wherewithal, you
need to be get very creative and resourceful, very quickly, to
be able to achieve your desired outcome. Again, your objective
is to negotiate and finalize a reasonable purchase contract
with the business seller, using as much of his or his company’s
money, or anybody else’s money you can secure and still
maintain management control of the company post purchase.

There are four fundamental areas a savvy business buyer can
pursue to attempt to get the necessary funds to finance
controlling purchase of a profitable company acquisition:

Business Buyer Personal Funds:

* Cash Savings

* Liquidate paper investments

* Negotiate a private party loan from a friend or family
member

* Advances from personal credit cards or negotiated delays in
outstanding credit card balance payments

* Obtain a bank loan secured with high value, personal assets,
like your home or car(s)

* Negotiate payment delays on buyer’s current outstanding bills

* Barter or trade significant equity positions in personal
assets for required business assets

Take on Partners:

* Aggressively pursue a minority ownership partnership with the
current owner

* Bring in a trusted new partner – sell him shares in the
company

* Sell shares of the company to existing employees

* Sell shares of the company to existing company vendors or
suppliers

* Sell shares of the company to other business buyers

Pursue Every Funding Source:

* Include, increase, the earn out portion from the company’s
future earnings

* Sell revenue participation certificates (Bank collects/
disburses funds)

* Bank loan to the business

* Asset loan to the business

* Loan from current business supplier(s) or vendor(s)

* Finance or sell off all existing excess inventory in the
company

* Sell high value assets and lease them back or finance them

* Sell high value equipment outright and time share or borrow
other like equipment

* Accelerate company receivables

* Factor company receivables

* Seek customer deposits against existing orders

* Lease a high value asset and get advance lease payments from
the lessee

* Sell excess or low use assets

* Sell the company customer list

* Sell on-business-premise concession space

* Sell the parking lot land

* Sell trademarks or unused licensing rights

* Sell or sublet the part of the business building and get
advance payments

* Sell “junk” or obsolete inventory accumulated for cash

Reconfigure Outstanding Business Purchase Balance Arrangements

* Pursue as much seller financing as possible

* Defer the down payment portion as long as you can

* Assume more or other liabilities not originally in the
purchase contract

* Negotiate a value for a buyer’s personal check put in escrow

* Let the seller retain all receivables

* Discount liabilities due the company for immediate cash
payment

* See if the business intermediary will finance their
transaction commission

* Assume seller’s personal debt’s or liabilities

* Negotiate extended payment terms with key suppliers

* Inventory all primary materials on consignment terms

* Finance all acquisition fees involved in the transaction;
consultants, CPA, etc

Professional business buyers who have faced a “challenge” like
this in their career will tell you that it is no fun being in a
situation like this, but they’ll always refer to it as “worth
it” when, over time, the anticipated business performance came
to fruition and more than justified the initial level of
financial risk leveraged to “do the deal”. They rarely mention
however, that trying to get all parties to agree to your
finance limitations and loan terms, in rapid fashion,
simultaneously, can be hazardous to your health! It’s worth a
shot, don’t you think?

Being Eligible For Invoice Finance Services

It’s a growing trend in the business world to use invoice finance. This service helps to improve a company’s cash flow by releasing cash from their outstanding invoices, and it also reduces the daily admin of chasing payments and dealing with bad debts, because the factoring company usually handles a business’s sales ledger. It all sounds great, but not all businesses are eligible to use factoring services.

Just like with banks, factoring companies have their own requirements for their clients. They might be an independent company or owned by a high street bank, or maybe even a broker who will pass on your business to a chosen partner. Either way, they’ll offer their own particular services at their own rates.

Companies are generally eligible to use factoring if they meet a few specific criteria. The most important is that they trade business-to-business. Many factors won’t take on companies who sell to the public. A minimum turnover is also required, generally £50,000. This is because lending needs to be worth the factor’s while. Some factors will lend money to smaller companies but they must have a certain number of customers. Both the company and its customers must have a good credit rating so that the risk of lending to them is low.

If you have small invoices or a small number of customers, or if you have a lot of disputed payments and bad debt, you may not be eligible for factoring. The best thing to do is to talk to a factoring broker to find the best company to suit your needs.

Use Homeowner Personal Loans to Finance Your Needs the Secured Way

Personal loans taken by homeowners need not necessarily be secured. It is true that more and more homeowners are lured into taking secured loans. Several advantages that only secured loans can let them enjoy are recounted by the loan providers. Nevertheless, homeowners now form an important customer base employing unsecured personal loans to their financial needs. Though the homeowner does not part with the lien on his home, loan providers are not complaining. Being a homeowner connotes credibility, a prerequisite to unsecured personal loans.

Whatever be the form in which personal loans are lent, homeowners continue to enjoy the preferential status. As mentioned above, by the fact that one is a homeowner, the individual becomes credible enough to be lent. Come what may, borrowers will not endanger their home through inappropriate financial decisions. Loans and mortgages, either directly (secured loans) or indirectly (unsecured loans), affect the home through liquidation or by transferring possession of house. This happens in the event of non-payment of the unpaid dues. Consequently, borrowers will be regular in repaying the monthly or quarterly instalments on the Homeowner personal loans [http://www.easyfinance4u.com/secured_personal_loan.html]. Isn’t this what the loan providers desire? Getting back the amount lent without much hassles will be termed as lower risk. The preferential treatment allowed to the homeowners is the result of this very reduction in risk. The following article illustrates the benefits available only to the homeowners borrowing through personal loans.

First is the number of loan providers that are prepared to lend personal loans to the homeowners. Almost every lender vies for the business of the homeowners. The deals offered include unsecured loans as well. Convenience rules the market. Borrowers will find it easier to locate the loan providers online. An online loan provider has his financial products advertised on its website. Applications listing the loan details can also be submitted online. This is relatively easier for borrowers since they do not have to run every time loan documentations have to be undertaken.

Homeowners conventionally use secured personal loans. A secured personal loan makes use of the equity present in home. Equity is the market value that a home fetches after deducting any unpaid loan, for which home has been pledged. The maximum loan amount can be had on secured personal loan. Up to 80% of the equity present in the home can be raised as loan. Some loan providers are ready to lend up to 125%. The amount lent on unsecured personal loans to homeowners, though not equivalent to secured loans, will be higher than what the non-homeowners get.

Homeowners are also benefited with a cheaper rate of interest. The reduction in risk is adequately compensated through a lowered interest rate. Borrowers must beware loan providers who claim to be awarding homeowner personal loans at the cheapest rates, but are actually adding several costs to the loan repayable. The appropriate method to compare interest rate will be through APRs. APR allows interest rate comparison on a more common base. Loan calculator lists the APR being offered by a multitude of lenders. This can be used to learn about the interest rate that homeowners get personal loans on. However, loan calculator only suggests the interest rate and does not give the exact measure that loan providers ought to charge. Many a times the details in the loan calculator are obsolete. Therefore, the loan calculator must be used with caution.

Still another method of comparing interest rate (which does not involve time consuming calculations as in loan calculator) is a personal loan quote. The short-listed lenders may be requested to send a personal loan quote with the terms of homeowner personal loan specified. This gives the perfect measures for comparison. Personal loan quote puts no obligation on the borrower.

Repayment terms are no different from those offered to the non-homeowners. Since interest rate is lower on homeowner personal loans, the amount repayable may not be higher. Since the repayment is to be made through monthly or quarterly installments, borrowers will not find the task as Herculean a task as it is for the non-homeowners. The differences are noticeable when the installments are not paid regularly. While the loan providers easily lose patience with the non-homeowners, they do not with the homeowners. Homeowners get payment holidays and discounted rates of interest during periods of financial depression.

Homeowner personal loans, despite the advantages that it allows its borrowers to have, do have to be used with prudence. You surely wouldn’t like to lose your home for a repayment not made on time. Proper advice will go a long way in keeping the bad-effects of homeowner personal loans at bay.

Choosing the Correct Financing Services For You

A person’s financial status can often be one of the most important facets of their lives, being an influential factor on their lifestyles, as well as the environment in which they live in. Thus, planning your financial position and also taking steps to ensure that your financial future is secure forever, is something that every individual should keep in mind. However, planning our finances ourselves can be quite a headache, a reason that can account for the fact that there has been in today’s world, an emergence of a group of advisors who can help you to plan out your financial position smoothly and help you to secure the futures of yourself, as well as your family.

Whether you are planning to buy a house in the immediate future or looking for ways in which you can invest your money to reap rich dividends after a few years, a friendly financial agent or service provider can help you chart out the perfect road to your dreams. So exactly what do you expect some of the efficient financing services to provide you with? Well, for starters, your financial advisor can help you to set the goal that you would wish to reach a few years down the line.

They also ensure that these goals are realistic enough by calculating the state of your finances at present, as well as visualise the dividends that your investments will fetch for you in the future. These financial services then also ensure that you stay in line with the financial goals that you have set for yourself and make sure that you reach them in due course.

So, what exactly should you look for while choosing a financial advisor for yourself? Well, the first criterion in this regard would definitely be their credentials, as well as their references. Check on your other friends and relatives in case they know or have experienced the services of an efficient financial advisor or organisation, whom you can approach in order to be guided towards a situation of financial stability.

The other aspect of choosing a financial planner for yourself needs to be seen from the point of view of the fact that the relationship that you will need to establish with your financial advisor, is in every way, as personal as you would create with your doctor or lawyer. Thus, the relationship and understanding that you need to find with your financial advisor is an extremely important facet of the endeavor.

Make sure that you go through a round of face to face discussions with your financial advisor. This interaction will help you to analyse exactly how much time he or she can devote to you and also help you to clear away your doubts, in case you have any about the process. You could also ask for a written account of every aspect of the role that your financial advisor will play for you, as in most cases, these documents are readily available at their offices in order to help their clients out with their queries.

With the help of able and efficient financing services you can plan out your future and break apart any financial barrier that could ever come in your path.

Car Finance – The Business Funding Kind When Buying Any Car

Presently there is a business funding alternative that significantly rewards car purchasers. This kind of sort associated with business finance is referred to as the car finance. Not simply is it advantageous for these customers who would like to obtain automobiles, but in addition, it advantages many finance organizations and even the vehicle producers and dealers.

Through vehicle finance, the latter are provided the possibility of having more clients buying their cars. In the situation of financing companies, they tend to be able to make significantly more in revenue by acting as middlemen in between the auto manufacturers and the customers.

There are generally 3 alternatives that a consumer may consider when purchasing by means of car financing. A prospective customer has to discuss to a funding manager whom will explain to him all the available car financing options and aid him in choosing the most suitable choice for his automobile purchasing desires.

Auto rental is the very first automobile finance choice, wherein the funding supervisor and customer agree to the terms and conditions within the deal for instance just how to utilize the automobile. With this type of alternative, the financing supervisor would be the someone to purchase the car, which means it will likely be below his name. The agreement stipulates how the purchaser is provided the total rights on the use of the car for that decided period of time, during which, he can pay the necessary vehicle rent on a monthly basis.

Second vehicle funding option is the hire purchase deal, wherein that the buyer must pay for the decided monthly installments along with other active costs and charges. The name of the purchaser will probably be placed within the title, but simply after he has settled entirely for the automobile, including all corresponding expenses. The purchaser should be aware that during the time period that he is still paying for the monthly fees, the automobile business funding company will have the ownership of the vehicle.

Finally, the 3rd alternative is the Chattel mortgage. Using this type of vehicle funding, the customer has to produce collateral to be able to have the correct quantity of loan for that vehicle of his choice. The guarantee must be movable such as bank notes, jewelry pieces along with other related non-permanent properties. Providing guarantee ensures the funding manager that the customer is not going to renege on his payments and that he will pay until total amount of the car has been given. When the consumer has fully paid, the guarantee will be provided back to him.