When we start working with a new client who's, say, aged 50, it's always interesting to get down to what they want to aim for in life. After all, if life is not about thoroughly enjoying doing things you love most, what is it about?So when the 'Retirement Reality' study from an insurance company came out the other day, it was something that we took notice of. It looked at what retired people actually did in the first year or...more
Are you in debt? If so, then you may want to start paying yourself. This may sound like a strange idea, but it's also an idea that financial consultants have been suggesting for some time now. When you decide to pay yourself a weekly salary, you will be able to accumulate money faster than you may think.Here's how it works: set up a bank account that you cannot withdraw from. Then, deposit any amount of money into the account each week...more
Did you know that you have to have a good reason to get a traditional loan? Banks will not dole out loans to anyone unless they know how you intend to spend loan money. Banks aren't willing to let borrowers spend loan money any way they choose, and this can be entirely frustrating.It's within the interest of every bank to know exactly how a borrower will spend loan money. Why? This way, a bank can ensure that their money will be paid back. For example, no borrower can obtain money for a business venture unless the bank in question agrees upon the venture itself. Of course, in order to convince a bank that you will be spending money wisely, you'll have to come up with a fairly concise business (or other) plan.What happens when you need money, but your bank doesn't see your cause as being a worthy one? In most cases, you'll be instantly turned down for a loan. In other cases, a bank may decide to deliberate over the necessity of a loan for many weeks or months.Then again, people who have bad credit won't even be considered for a bank loan. When your record is marked with bad credit, banks won't take a risk - it's that simple. Unfortunately,...more
Small businesses and entrepreneurs increasingly favor the limited liability company option for their new businesses. And lots of good tax and legal reasons justify this popularity.Unfortunately, the financial record-keeping required for a limited liability corporation--particularly for the one owner LLC--can quickly become too darn complex. ...more
More than two trillion dollars is traded daily in the Foreign Exchange market and without exception the largest trading in the world. The FX is open twenty four hours a day, but only five days a week, including public holidays. The world wide financial centers commence trading in Sydney, on to Tokyo, then London and New York.There are active buyers...more
The term life annuity refers to an insurance product where the buyer, also referred to as the annuitant, is contracted to receive a set series of payments over an agreed upon period of time. This product is most often provided by a bank or other financial institution such as an insurance company. In most cases these payments will cease upon the death of the annuitant and the remainder of the fund will be forfeited. Sometimes there will be a co-beneficiary, such as the buyer's spouse in many cases, who will also collect benefits in case of the annuitant's death.A life annuity is often purchased in order to fund retirement or to provide for a surviving spouse after death and in some cases they are provided under a structured settlement awarded from a lawsuit for personal injury. Annuities will typically have two distinct phases. First there is the accumulation phase during which the buyer will make payments into an account in order to build up a sizable amount of money. After the contract is fulfilled, typically upon the death of the individual, the distribution phase begins and the beneficiary will begin collecting an agreed upon series of payments.Because there are so...more
With Obama's Home affordability plan in execution since March, 2009, hopes of many disheartened homeowners have been restored. However, there are many apprehensions regarding the efficacy of the plan. "How will the plan lower...more
FatLoss4Idiots is by nature of its' title, a little "in your face". But then, perhaps sometimes if we find ourselves in the position of needing to lose a bit of weight, maybe that's what we need! If you're looking to buy...more
If youre given a choice of making $500 as a one-time payment OR getting only $100 but paid this amount every month, for 20 years if not for life, which would you choose?If you work only once and get paid many times over, youre earning a RESIDUAL...more
Everybody has some form of debt they owe to another person. These vary on how the borrower uses them. However, the most painful of debt is the one that is made with barely any benefit. This is what normally happens when money is invested in...more
Week 4, A-share market shares of Huayi Brothers Film No. 1 (300,027) will be released in the GEM, compared with other GEM line with the wholesale new shares of stock Huayi Brothers bar has been "overwhelmed", message by the stream of non - must, it...more
In the current economic downturn, many people are looking for ways to put together some extra cash. Whether it's for paying off debts, shopping or taking a vacation, anyone can use some additional cash. A gold buyer can help you...more