There are numerous shows on television showing you how easy it is to make money in real estate by flipping houses. If you believe these shows, you would think that flipping houses is an easy to make money. Like most things in life, you should take these claims with a grain of salt. Of course, there are ways to make a lot of money flipping houses...if you do it right. So if you are serious about making money in real estate, make sure you follow...more
Are you desperately in need of money to continue your education having known that it will help you a lot in your endeavor to find employment with better income? As a mom, it is your responsibility to provide the needs of your family especially your kids. And you can do this by having enough income to sustain their needs. Employment is the common source of income by many but not all jobs bring enough salary especially for those who have their own...more
When the credit crunch commenced in the first half of 2007 no one at first really took the situation too seriously.All through history there are times of rises and dips in the economy.When the general public heard that the Northern Rock was not as stable as it ought to have been the public was more alerted that the banking industry was in dire trouble.Looking at the news both in the press and also seeing long queues of investors outside the branches of the ailing building society waiting to withdraw all their savings did alert the public to the fact that the banking sector of the UK was in trouble.When the Northern Rock collapsed the UK public thought that the situation regarding the economy, but not as serious as it was in fact to soon become.Jobs were cut throughout many industries and the construction industry in particular suffered as building site after building site closed down.The prosperous buiding industry hit a depression, and builders were left with finished homes that they could not sell even at discount prices.This included major names in the construction industry.The building industry had never been in such a bad state for sixty years.Other firms, in an effort to...more
Credit card (CC) issuers are facing tough competition and one of the best marketing strategies they came up with are low interest cards. Obviously, people are more attracted to a low interest rate CC and they're most likely to pay attention to these credit cards compared to CC's with standard rates and costs.What are the benefits of having low...more
BackgroundAccounting has been defined by the profession as The art of recording, classifying, and summarising, in terms of money, transactions and events which are, essentially, financial in nature, and interpreting the results accordingly.Accounting relates to the dissemination and measurement of financial information by accountancy professionals...more
History of AccountingBeyond Luca PacioliIn 1543, it is believed that the first book on accounting to be published in English was by John Gough. Entitled Debtor and Creditor, it was portrayed as A Profitable Treatyce.In 1588, John Mellis of Southwark published a book which consisted of a series of instructions based on accounting principles. He refers to the fact that his book makes use of ancient copies of a manuscript printed in August 1543 by a schoolmaster called Hugh Oldcastle, who was a schoolmaster and taught Arithmetic. Mellis draws attention to the fact that the accounting principles he refers to are after the former of Venice, a clear reference to Luca Pacioli. The principles to which Mellis ascribed were, in fact, a simple system of double entry. In 1635, Richard Dafforne, an accountant, published a book which was described as The Merchants Mirrour, or alternatively as directions for the perfect ordering and keeping of his (the merchant) accounts formed by way of Debitor and Creditor. Dafforne makes reference to a number of early books on the subject of accountancy. There is a chapter entitled Opinion of Book-keeping's Antiquity" in which he...more
The price of properties has fallen drastically since the advent of the credit crunch.The main effect was found in the mortgage and secured loan markets.Secured home loans require the security of the bricks and mortar value of a property, and they...more
For the married couple, it is truly essential that an estate is properly structured, legally protected, and the disposition of assets in the case of separation clearly defined. If you have not yet started a trust for your assets as a property...more
When financial woes hit a married couple the unfortunate outcome is often a divorce. Of course, this means the division of assets, along with the usual amount of bickering over that division. But if those assets are in a trust, what happens?The...more
Here are 5 signs that you either have a major debt problem on your hands, or you are headed in that direction:1. You have no clue how much total debt you have. A sure sign that you are either in trouble, or are on the brink, is not knowing how much...more
If you are going through the ordeal of a foreclosure on your home, you will need stop foreclosure help right away. Stop foreclosure help can come in many forms for the homeowner. A homeowner can seek the help from a lawyer or foreclosure...more
The UK economy has rarely been so seriously bad.The UK has only previously been in such financial crisis when at war.It was to be hoped that the Budget this week might contain some little gems that would help the recovery but unfortunately this was...more