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Leave Your Kids Finance They Can Fall Back On

December 14th, 2017 Posted in family finance
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We all hope that one day our kids are going to be in a position where they can stand on their own two feet. We hope that they are massively successful with incredible financial gains of their own. But consider, just for a moment, that they’re not? Should you leave them to fend for themselves? Ideally, you want to be in a position where you can provide them with some support while you’re still alive and after they have gone. So, let’s look at some of the ways to do that.

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Buy A Second Home

If you have the money, you should consider investing in a second home. You can use this in two ways. Either, you can purchase it as a secondary investment, sell it on and make some extra money to leave your kids one day. Or, you buy it and keep it, and one of your children can live there. This actually makes a lot of sense because today homes are so expensive that the young struggle to even get a foot on the property market. Instead, they’re stuck on the outside and with home prices currently nine times the average salary it’s probably not going to get any better.

This doesn’t have to be a freebie. You can charge them rent or they can slowly pay you off for the home that you’ve bought, and they are living in. it doesn’t even need to be local. You could buy a property in a beautiful international location. Invest in overseas property, let your kid live there and see if they can make a new life for themselves with better financial prospects in a new location. After all why not?

Invest In Gold

You might also want to think about investing in gold or precious metals. The reason for this is that these investments will generally not depreciate in value. They will stay at their current market price which is useful in an economy that is rather unpredictable. You might have seen those slogans online that say things like send in your cash for gold. They are not doing this for the goodness of their hearts. They know how valuable gold can be in the right economy and you should too.

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Grow A Business

You may also want to think about growing a business that you can pass onto your kids one day. Why not set up a startup after you are thinking about retiring. It can be a great way to keep you entertained, earn a little money and be a solid legacy that you can leave behind of course. One suggestion would be to acquire a franchise, ideally, one that is societally positive like a Homecare Preferred Franchise. The best part is that once you do pass on your kids can take the reins of the company and have their own profit machine.

It’s a great possibility and one that you should certainly consider. As you can see then, there are numerous ways to protect your children financially, both before and after you have gone. You will be able to provide them with a way to survive even if they don’t gain all the success you hoped for them. http://credit-n.ru/zaymyi.html

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Alternative Ways To Prepare For Retirement

December 12th, 2017 Posted in Money Tips
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Securing your finances before you retire is incredibly important. If you finish work and you don’t have enough cash backed up, you’re going to struggle and you won’t be able to enjoy your later years. The obvious way to set yourself up for retirement is saving and putting into a pension. The thing is, that doesn’t actually work for a lot of people. More of us are finding that we just don’t have enough to get by on when we retire, regardless of how much you’ve been trying to save. The problem is made worse because there is too much of a focus on saving and not enough information on all of the other alternatives. If you’re worried that saving might not be enough, try some of these alternatives instead.

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Clear Debts

Even if you’ve saved a healthy amount of money, it won’t be enough if you’re plunging half of it into debt repayments. You’ll soon eat through your nest egg and be left with nothing. People often neglect debts in later life because they’re trying to put their money into savings instead. I can see the logic but there’s no point saving money that you’re just going to have to spend later. While you’ve got the money coming in, clear off those debts before you start looking into savings options.

Investing In Gold

When you’re trying to make the most of your money, investments are better than just putting it into a savings account. Instead of seeing small growth from interest, you’ll see a bigger return on those investments. There are plenty of places you can put your money but a lot of them are quite risky. IRA’s are a popular choice for retirement funds everywhere but they put your money into stocks and shares. You can see a good return on that but it’s also susceptible to market fluctuations. A good alternative is a gold-backed ira because it’s far less volatile. If the market crashes, you don’t risk losing any of your money. There are obviously going to be price fluctuations in the gold market but they won’t be anywhere near as drastic as the stock market.

Move To A Cheaper Area

When you’re really struggling to save up money for retirement you should think about the area that you live in. If the cost of living is incredibly high, you might not be able to afford to stay there with the money that you’ve saved. However, if you moved to a new neighborhood with a lower cost of living, you might find that it can sustain you. People don’t usually like this idea because they think it means living in a bad area, but you don’t have to downgrade that much. It’s worth living in a slightly smaller house if it means you can go on more vacations.

Trying to save money where you can is still a good way to prepare for retirement, but you should start as early as possible. Just remember not to rely on those savings alone, try some of these alternatives as well. http://credit-n.ru/vklady.html

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5 Ways To Make Money Online – Today

December 11th, 2017 Posted in Entrepreneurship, Money Tips
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The internet has opened up a pandora’s box of ways to make money online. It has also opened up a minefield of get-rich-quick schemes and scams. These unscrupulous schemes are often accompanied by extremely clever marketing aimed at making you part with your own cash, so that you will make oodles of money in return!

So how do you know what is legitimate and what to avoid like the plague? Luckily for us the internet offers masses of information. At the touch of a button you can read thousands of reviews on businesses, opportunities and  schemes, albeit positive or negative. Try googling any opportunity you are considering accompanied by the words “is it a scam?” and see what the search engine reveals.

There are however many resources and legitimate ways of making money online. Some of which are listed below.

Websites

Websites will often pay you to take surveys, test products and shop. Businesses and brands are constantly researching whether they are offering the best service and products to their customers. This is where you come in, acting as the customer and providing feedback. Examples of such website are Swagbucks and InboxDollars.

There are also websites that allow you to advertise your own services and get paid. They are similar to bidding sites, but are services rather than products. Perhaps you sell art, provide graphic design services or design logo’s as a hobby that you could promote and sell.

Freelance writing

There is a lot of opportunity on the internet for freelance writers. Think of all of the websites you see need content writing! Freelance writing can be profitable, but you will need to build a portfolio to showcase your work, be prepared to work hard. It maybe a good idea to join Linkedin as a networking platform.

Selling unwanted items

There are many online selling auction sites and they are extremely popular and successful. When listing your unwanted items, your item has a huge international audience, which increases the chance of it selling massively in comparison to a standard website. Ensure that your unwanted items are shown to their best ability by excellent photo’s and descriptions. Make sure you pack items well and post within timescales.

Online trading

Anyone with a computer and a small amount of capital can invest and trade in the global market. However, this is not without a large amount of risk, if you don’t have the knowledge on how to trade effectively. Thankfully there is help on the internet  here, which will help guide you through steps on how to make money with global trading.

Work from home

There are now many opportunities which allow you to work from your own home. Virtual PA’s are one popular role as is administrative assistant, writer and filmmaker. As long as you have an internet connection you have the potential to fulfill these roles remotely and also flexibly as you are not constrained to the usual 9-5 office hours. You will of course need excellent time management skills, to avoid distraction and stay on task! http://credit-n.ru/ipoteka.html

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The Pros And Cons Of Borrowing Money

December 5th, 2017 Posted in learning about money
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There will be a time in everyone’s life when you want or need to buy something, but don’t have enough cash to do so. When this time comes, you usually have two options; You can either not buy the thing that you wanted/needed to buy (or buy it later, when you have the money spare), or borrow the money from someone. If it’s an emergency or you’re really impatient then borrowing, whether it be from a loved one, the bank, or an online lender, will probably seem like a great idea. However, there is a lot to take into consideration before you borrow money from anywhere. Here are some pros and cons that you should know about.

+ Covers Emergencies

There is always a chance that something can go wrong in life, and sometimes, money is required to fix this problem. It doesn’t matter if you’re boiler has just broken, you get an unexpected bill, or you’ve just run out of money if you need money quickly then applying for cash loans online is usually the first thing that you think of.

– It’s Not Free

Everything comes at a cost, and borrowed money is no exception. When you borrow money, the interest rates can get incredibly high, with the late payment fees being even higher, so you need to be sure to make payments when they’re due and read all of the small print before applying. Even loved ones sometimes add interest to money you’ve borrowed, but, even if they don’t, if you can’t afford to pay the money back, the strain on the relationship is a high cost to pay.

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+ You Can Make Large Purchases

Unless you have a large amount of money saved, there are some purchases that you simply can’t make unless you borrow money. A house, a car, and business premises are the biggest examples. Your regular income wouldn’t be able to cover the cost of these things, but you can still buy them if you borrow money.

– You Might Not Be Able To Pay It Back

As I’ve already mentioned, there is always the chance that something can go wrong. Unfortunately, if there is an emergency, or you got paid less one month, you might not be able to make a payment, which means that a late payment fee might be added to the loan. If this happens a few times, the debt could get so big that you just can’t pay it back.

+ Opens Doors And Opportunities

Borrowing money isn’t always ideal, but sometimes, it is exactly what you need to improve your life one way or another. Buying a car would mean that you can travel further for work, which means that you might be able to get a better job. You could even take out a loan to start your own business, which could prove to be incredibly successful.

People borrow money for all sorts of reasons, but you should always make sure that you’re borrowing for the right reasons, and that you have the cash to make the repayments. http://credit-n.ru/trips.html

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Managing Your Business’ Money

December 1st, 2017 Posted in Entrepreneurship
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It’s hard to make any business successful, no matter how good the product, employees, or brand. One way to increase your company’s success with certainty, however, is to improve your financial management skills. Making money isn’t the key to success for a business; it’s all about what you do with that money. Spend your profits poorly and you’ll fail to reach the peak your business has the potential to reach. If you want to increase the amount of money your organization has available to invest in improvements then here’s some advice on managing your company’s finances more effectively.

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Make a budget.

To improve your business’ financial management strategy, you need to start off by making a budget. As will be discussed throughout this article, the goal is to cut costs in your business. You can only do this once you have an idea of how much money your business is spending and making. You need to track your expenditures and ensure they fall within your budgetary limits; essentially, you can’t spend more than the funds you have in the business account . You’ll need to take into consideration signage designs for the outside of your building, furniture for your office, and any technology you need such as computers. But the goal should be to spend less than your monthly earnings so that you have more money to invest in the business and your funds aren’t slowly decreasing.

Do some research into financial management.

The best way to manage your business’ money is to be your own financial advisor. You might have professionals on board who can help with this sort of thing but learning how to manage your business’ money, as the boss, is always a smart idea. That’s most likely how you ended up on this article. Of course, whilst reading this article is a good start, you might want to go one step further. You should do your research into smart financial management strategies.

As a starting point, you could consider getting qualified with an online BBA in accounting to gain expertise in financial accounting. You’d gain the knowledge necessary to start a proper career as an accountant if you wanted; you might not even need financial advisors if you go far enough with your studies. The point is that financial management is about more than budgeting. You need to understand how money works in a business environment; ethics, marketing, research methods, and managerial accounting are all things you need to come to understand.

Managing money can be difficult for obvious reasons, but making more money can be even more difficult. Investing into franchises is a great way to make money.

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Improve your company’s operational costs.

If you want to save money in your business then look at the production process and the cost of running the office. For starters, the better you train your employees, the more they’ll achieve in a shorter space of time. In other words, the salary you pay them will go further. Of course, cost-effectiveness extends beyond the people in your company. You should strive to become more eco-friendly to slash operational costs. Insulating office walls and getting double-glazed windows will reduce the amount of energy needed to heat the office and save you a lot of money on utility bills. Reducing paper usage is another eco-friendly improvement that you should definitely consider; everything’s digital in the modern age and you won’t have to spend so much money on constantly restocking paper. Of course, you shouldn’t reduce operational costs at the expense of quality. http://credit-n.ru/calc.html

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