I just finished a phone call with a person who was just getting started with his business with Africa Imports. He wanted to buy some catalogs; and he couldn't decide if he should order 12 catalogs, or less than this. With 12 catalogs he worried that he might be wasting money. He might only be able to give out six or eight, and then have some left over that he wouldn't use.There is always some waste in advertising. To get enough customers to have...more
With the rapid advancement of technology, schemes of bilking people out of their hard earned money are becoming more and more prevalent. For seniors, this is especially dangerous. If you are a senior or you have seniors in your life, help them become more aware of what they can do to protect themselves against fraud.Financial literacy is taught to teenagers and many young urban professionals. Older folks however are not updated with what is going...more
Establish and hold a Quarterly Full Family Financial ReviewMany of The skills needed to operate a corporation are also required for truly effective household financial management. Technique: Utilize business type skills. Hold regular reviews of you and your family finances; keep all family members informed about any changes in the family's financial status. Review Checklist: Balance sheet - Updating will show changes in the family's worth (the difference between assets and liabilities) since the family's previous financial review.Income - Business profits, capital gains, salaries, stock dividends, etc. Categorize these as either non-recurring or regular income.Debts - Automobile, personal, life insurance policy or any loans, as well as installment purchases and charge card account balances. Make sure the spouse has thier own line of credit.This is an exercise that should be performed every quarter.If not every quarter, try to accomplish a full review of your familys financial review at a minimum of twice a year, or if there is anyone in the family that could be suffering from life threatning health issues.It would be impossible to list every item that should be reviewed for every...more
Investing in real estate has always been a consistent method of making money. Most individuals who have amassed large fortunes have usually done so through real estate in one way or another. Most people think the real estate market is in bad shape and it is impossible to make money in real estate during the current economy, but they couldn't be...more
Life is unpredictable and ending up in a difficult financial situation due to circumstances beyond our control is not only possible, but very likely to happen to anyone, sooner or later.This is not to say that we are not responsible for what happens to us; in fact, we are very much the makers of our fortunes and misfortunes, but there are...more
The need to build a good credit or striving for a high credit score is something we always hear all the time. A higher credit score gives you the bargaining power or advantage over your creditors, allows you to ask for better rates, and instantly get an approval. But do you really need a perfect credit score? Will a few points make a difference?Understanding the FICO Scoring SystemToday, the three major credit bureaus, lenders, insurers and most financing companies use the FICO score in determining one's credit worthiness. The FICO score ranges from a very low of 300 to a very high of 850. Let's consider how your FICO score is calculated and how it can affect your status as a borrower in the eyes of your creditor.Lenders have different standards in measuring a prospective client's credit worthiness. Some creditors already consider 775 to 850 as an excellent rating while others consider 750 as the barrier for an excellent credit.So do you really need to reach a perfect score of 850 just to be considered as an excellent borrower? Technically, no. As long as your score falls in between 700 to 850, you will be getting the same rates that are given to people with excellent credit. ...more
The primary reason why debt settlement companies succeed in securing huge waivers from credit card issuers and other unsecured lenders is that they have detailed knowledge of how these financial institutions work. The fact that they are free from...more
Credit card debts climb on faster than most of us actualize, because credit cards are so much easy to use. With a simple swipe you can do tons of shopping, get groceries or even day to day requirements. It is easy to handle, you do not have to take...more
Debt settlement advice can be defined as a professional opinion which guides the user to a good reduction deal. You must be hearing a lot about the concept of legal debt elimination in the United States. The government has instructed a lot of money...more
Is it possible to escape your debts without repaying it in full? One legal option that is often used by individuals who have passed the point of no return is bankruptcy. When a person files for bankruptcy, he or she admits inability to repay all...more
It is very sad to say that in the current recession of economy people are facing the worst financial crisis in the history of America causing increase in unemployment and prices of everything. Which has made people deeply drenched in to debts...more
It is important to understand the true meaning and purpose of a debt relief. This reduction option is a timely solution to the problem of credit card liabilities. In the United States, countless people are buying things using credit cards. It is the...more