The Ultimate Investment By Lew Nason

Visualize this: You are having dinner at your favorite restaurant. Sitting at the table next to you are five Legends of Wall Street? Warren Buffett, Benjamin Graham, Phil Fisher, T. Rowe Price and John Templeton. You overhear these five famous investment experts talking about a locally established company that is poised for extraordinary growth, within the next six months. The company has an exceptional line of competitive products that are in demand by consumers. This company also has very low expenses and a very high profit margin. Plus, they are known and respected in their community. These five financial leaders believe that all this company needs is to find a little more money to invest in additional marketing and sales training for their sales team. They are united in their belief that if this company invested in this training, the company could and would double or even triple their profits in the next six months.

How much money are you willing to invest?

If you had the opportunity to double or triple your investment in the next six months, how much would you invest? That's a 100% to 200% return on your investment.

Now imagine the following: As you listen further you are amazed to discover that these Wall Street ?movers and shakers? are actually talking about you and your business. They are very surprised that you haven?t recognized your potential for extraordinary sales growth. They believe that for a small investment of only $1,500 you could increase your sales by a minimum of $30,000 in the next six months. That's a minimum return of 20 times your initial investment, or a 2000% return! And, this is just the beginning!

These five financial legends finish their dinner and leave the restaurant. You're left sitting there, thinking, evaluating, and reviewing what they said a few moments ago.

You are the owner of your company, whether you are a captive or independent agent? The growth of your company depends totally upon your making intelligent decisions about investing in marketing and sales training? Is there any question about investing in marketing and sales training that is proven to take you from being an average producer to a multi-million dollar sales producer?

Charles ?Tremendous? Jones explains, ?You gotta have the courage to take correct action. If you are going to hit homeruns then you have to step up to the plate. You can?t analyze bats and pitching styles forever. You have to find the courage to take action.?

Napoleon Hill said, ?Nothing works better than proper action!?

Over the years, you're going to spend thousands of dollars in time, actual money and real effort, all invested in building your insurance and financial services business. Why not learn how to do it the most cost effective, money-making way? Make the investment today to learn the life insurance marketing, prospecting, appointment setting, and sales strategies that the leading agents, planners, and other financial professionals endorse and use?

Deciding whether or not to spend money on a product or service can be difficult. You must determine whether the purchase you are about to make is a cost or an investment.

COST - An amount paid, price; A loss, sacrifice, or a penalty

INVEST - To spend or utilize for future advantage or benefit

If you recognize your potential for extraordinary sales growth, and have the courage to act in your best interest now, then stop procrastinating and invest in the ?cutting edge? life insurance marketing and sales training in our?

'Found Money Management?' Financial Advisor Boot Camp

It's A Two-Day, Live Financial Advisor Boot Camp on:
'Helping Families To... Live Debt Free and Truly Wealthy!'

LOCATION
Country Inn & Suites,
70 Enterprise Path, Hiram, GA, 30141
770-222-0456
(30 miles west of Atlanta, Georgia)

Your Investment Is Only...
$1487.00

"Thanks for everything. I've written over $270,000 of life premiums in the past two months since attending the boot camp in December... Freedom Equity Group has asked me to do a teleconference to explain how I've accomplished this dramatic increase in my business. I'll be recommending your system and your boot camp to everyone on the call."
Randy Delph - IN (Freedom Equity Group)

"I've spent thousands on other systems and boot camps. The cost of this Boot Camp was minimal compared to the value received. Excellent! Excellent! Excellent! Well worth the time and money!" Janet Ricker, RFC - TX

"I put down the big money to attend the other training out west, it was good, but your material is 'over the top'. Thank you!"
Phil Calandra, RFC - GA, (Missed Fortune TEAM Member)

"By far the most beneficial part of the Found Money Management Boot Camp was exposure to 'Lew Live', which probably never can be reduced to ink on paper in a manual. Hearing the spontaneous flow of question asking - the progressive sequencing of one question right after another guiding the client to discover/identify their own pain, to have them state it, not me, is invaluable!"
Rhona C. Porter, RFC, MSM, FMM - CA, (See Article)

Important Message: We are one of the very few insurance marketing and sales training organizations that meets all 15 critical points in the article... How To Select The Best Systems and Sales Training! We have the documented credentials and a proven long-term history of successfully helping agents, advisors and planners to reach the top levels of their profession. All of the advisor testimonials and success stories on this site are from real people. We even have video testimonials from advisors who have attended our live training events! We also have endorsements from some of the most respected and successful leaders in and out of the financial services industry. Plus, we are members in good standing of ICop, the Better Internet Bureau and the Better Business Bureau of Metro Atlanta. We have a documented history of honoring all of our promises and guarantees! We have also provided you with links to Lew's Resume and 'Press Kit' so that you can find out More About Us, and verify our credentials.

? 2007 by Lew Nason, RFC, FMM, LUTC Graduate - All rights reserved
Lew Nason, with his sons Jeremy Nason and Will Nason are the founders of the Insurance Pro Shop ? and the creators of the? Found Money Management? Advanced Life Insurance Sales System? The most endorsed and successful Life Insurance prospecting and sales system available for today's insurance professional! Lew has been helping agents and advisors to achieve long-term success in financial services industry for over two decades. His unique perspective, on how to truly help clients, has enabled scores of agents and advisors reach the top levels of their profession. Visit his web site at or call him toll free @ 877-297-4608.

Read More

Car Loans: Is It A Good Option?

Getting a set of wheels of ones own requires a really big amount of money. Leave alone the highly expensive Lamborghini or Rolls Royce, buying even a used car needs a heavy purse. It is because of this reason there is abundance of car financiers as well as lending agencies offering car loans. Now the question is whether car loans or other means remain cost-effective. The discussion below will throw light on this aspect.

In order to see whether car loans are more cost-effective than other means of car finance, the main points where they differ from each other are compared.

Rate of interest
It is a universally acknowledged truth that car loans come with comparatively much lower interest rate than other method of car finance.

Terms and conditions of repayment
The repayment terms of car loans are more flexible than all the other car finance options. It provides the consumer with longer time to pay off the loan. The equated monthly instalments also decided by keeping the capability of the consumer. Missed payments are not taken seriously.

Hidden charges
Car loans are free from hidden charges whereas the deals provided by car dealers are not.

Shopping and comparison
Shopping and comparison is at the heart of availing right car finance deal. In this regard, car loans offer better opportunities than the others.

The processing
Sometimes the processing of the finance deals offered by car financers is quicker. However, you cannot do away with meeting the financer repeatedly. On the other hand, you can avail car loans without meeting the lender time and again. You can apply for the loan online. A few clicks of the mouse will bring an exhaustive list of lenders. Almost everyone have loan quotes that you can take and compare. Thus, you will come to know the deal that suits you. You can apply online and get response quickly. The rest of the things will follow at quick intervals. In this way the processing will get over soon.

Conclusion
In the light of above discussion it can rightly be concluded that car loans have an edge over finance deals offered by car dealers or manufacturers.

Read More

Same Day Cash Loans: Get Hold Of Cash Immediately

There are innumerable small expenses that are required to be met on time. But with limited sources it is impossible to effectively meet various short term expenses. Now the problem can be easily waived off with the help of same day cash loans. These loans can be grabbed immediately without any delay.

These loans are approved for a short time period and offer a small amount. You can borrow a sum ranging from ?100-?1500 for a period of 2-4 weeks. In case if you are unable to repay then you can choose the amount roll over option but for this you will be charged with an extra fee. So try to make timely repayment.

Same day cash loans have no credit check feature. This makes bad creditors also eligible for these loans. Those with impaired credit like CCJs, IVA, Bankruptcy, late payments and skipped payments can also apply for same day cash loans.

Same day cash loans are short term loans and therefore are provided at slightly higher interest rate. The loan amount can be used for various purposes like paying school fee, medical bills, rent and Car repair cost.

Same day cash loans can also be applied online. The online processing is much faster and amount is transferred within 24 hours. Also if you research well then you can easily find cheaper deal. You can easily view the quotes provided by lenders and select the best for yourself.

To be eligible for same day cash loans you need to fulfill the following requirements:-
?Must have an active bank account
?Must be regularly employed with minimum monthly salary of ?1000
'should be 18 years of age or above

Same day loans are ideal financial help as they don?t involve credit check, documentation or other lengthy approval procedures. The amount is quickly approved to effectively meet urgent requirements.

Read More

Navigating And Mastering Your Wealth Creation

For most of us the first step towards a bright wealthy future is to have control over our life's navigation system, and to conceive a plan to realize our desired objectives and goals. For the rest of us, life is a melody of unintentional wins, losses and in between, generated by a chaotic mismatch of not knowing where we're going and how to get there, driven by a misguided faith coupled with the dreadful familiarity factor.
For example, during our daily routine of travelling by car from one appointment to another, we travel to all places known to us without even thinking or stopping to plan our route. That's because by habit we developed a familiarity factor that instilled in us an automatic pilot that drives our internal habitual response to all things familiar. To get to a new destination, some of us, get in the car, set up the navigation system or look up the location in the street directory to identify the best route , and thus plan our road map. To the rest of us, following the road signs faithfully might just be the way to get there; hopefully!
The following are some suggested activities that can help you escape mediocrity, control your life's navigation system and get you back in the seat, on the way to achieving your financial wealth destination.
Like a diet requiring you to keep track of what you eat in order to control and cut the fat, you should also track your spending for a month to see where it all goes. The findings will stagger you, and will highlight areas to be targeted for savings. Above all, you will find yourself in familiar grounds with unfamiliar rationalization of living beyond your means in one area, or compromising your wealth in another.
For example, many of us carry too much insurance, in some areas, while we're dangerously underinsured in others. Gather all your insurance statements and policies and offer them to two reputable insurance brokers in order to update coverage, or reduce your costs, and then choose the best policies. Driving a car that is getting older and less valuable, without adjusting your policy is an expensive mistake. It's the dreaded familiarity factor again! Equally heinous if you have skimped on your home, life or business insurance.
Read Money Magazines or other financial publications to get their list of low cost Credit Cards and cut your credit costs. There are many lower fee and lower interest rate alternatives available from financial institutions other than the big banks.
Establish a self managed superannuation fund to allow you to build your retirement nest egg. If you have an existing super account, analyze your investments to ensure that they are properly aligned with your risk preference and your wealth objectives.
Buy what you need wholesale, or join a buying group that offers big discounts.
Joining a health club to get fit is a great idea, but if you pay your yearly membership and do not go, it's time to decide, do it or quit. If you are a fitness enthusiast with a matching commitment, I suggest you look into off peak or alternative day plans offered by some clubs, that can help cut the fat of your budget.
Michael Samuel Glason, in his book, The Richest Man in Babylon, bestows the golden cardinal financial advice "A part of all you earn is yours to keep." Create a plan to save 10% of your earnings " Pay yourself first" and remind yourself time and again that "part of all you earn is yours to keep" and save now for the future. Invest this money wisely by seeking the advice of a person who is doing well in the area you wish to invest in.Needless to say that having financial literacy coupled with an abundance mind set and a strong awareness of where you are, where you're going and how to get there, are essential, if you are to accrue wealth in a sustainable way. Saving, investing, leveraging, opportunity development, financial propriety, setting goals, enthusiasm, and positive attitude are all ingredients of mastering your wealth creation.

Read More

Obama's Mortgage Modification Program - Say Goodbye To Financial Hardship

Obama's mortgage modification program is only available for mortgages that were secured prior to the 1st of January 2009. The program requires that the mortgage one has to pay be below a specific sum ($729,500), that one live in the property in question and that one can present all the necessary documents for the application. In order for someone to be accepted into the loan modification program, he/she has to be able to prove that there is a situation of financial hardship and that the debt surpasses an important percentage of their income.

The eligibility criteria for the loan modification plan have been presented in a great number of online resources, in the newspapers and media. The advantage is that millions of Americans who are tired of being in debt and who want to avoid foreclosure qualify for the loan modification program. In the end, who would want to move out of his/her home and undergo such a traumatizing ordeal?

At first, lenders were reluctant to join in the loan modification program, given the fact that they would receive a much smaller amount of money from the borrower. Upon preparing the plan for presentation, the Obama Administration included a clause that offers cash incentives to lenders who participate in the program. The bonus encourages lenders to take part and negotiate with borrowers the modification of their loan.

This is not the first attempt to come up with a loan modification plan but the truth is that none of the previous ones was half as smart as the one designed by President Barack Obama. Millions of home loans are expected to be modified to the advantage of the borrower, monthly payments being effectively reduced and made more affordable. Even though the program encourages a slow approach to the housing crisis, it is estimated that an impressive number of homes will be saved from foreclosure this way.

Before one is accepted into Obama's mortgage modification program, one of the first steps is to calculate ones'monthly income and debt ratio. After the determination of these two things, the lender will negotiate with the borrower and bring the monthly payments to 38% of the income. The interest rates will be reduced and the government will step in to bring that to 31% of the gross monthly income. Everyone contributes to eliminating the effects of the economic crisis and to helping homeowners stay in their homes, just the way it is supposed to be.

Read More

Bad Credit Payday Loans: When You Are In Need Of Friendly Help

Money the most important thing presents time. But the true thing is that if you are a salaried person then you will be most of the time at the edge of your financial management. Every time end of the month salaried people face the situation where they left with no money so that they can run their home till the next payday. This can be a normal situation for them but what if any uncalled need takes place where cash is require instantly then loan facility only can help. But if you are a poor credit holder then it is sure that you are going to face lot of problems availing the loan. And for this class bad credit payday loans is the right choice.

These loans are planned to give the money without any credit check procedure. Imperfect credit holders can easily applying for this and money will reach to them without any delay. Even there is no need to put any security. So these loans are free from any risk for the borrowers. But due to the risk involve for the lenders they charge high interest rate. The money which you can get through these loans will be around ?100 to ?1500 and you can repay the amount within 2 to 3 weeks. Paying back of the loan is very easy as time period falls around your salary day so when your salary comes you can give back the money with the interest rate.

There is one more essential thing i.e. lenders do check creditability of the borrowers by some eligibility criteria which is you must be UK citizen and also an adult. You should have the regular income and also a bank account. If you have these qualities then bad credit payday loans is yours. There are lenders who are available online making these loans easier for the borrowers.

Read More

Stocks Aiming Higher But Dont Forget That Risk

On July 19 and 21, the key stock indices surged towards their respective multi-year highs. The key stock indices have shown some resilience after battling back from being down nearly 10% this year to the point where the S&P 500 is less than two percent from its multi-year high. The key stock indices are aiming higher, but I sense that it will not be an easy route to a breakout given the difficult resistance as stocks move towards the upper levels.
On the charts, the overall market is moving higher. About 63.31% of all U.S.-listed stocks are above their respective 50-day moving averages (MAs) versus 30.92% a month ago.
But I'm not convinced any strong upside move is sustainable and feel that the key stock indices could trade sideways for the summer months.
A key chart development for driving the rally was the upward break by the key stock indices at above their respective 50-day MAs. The S&P 500 broke below its 50-day MA on July 12 at 1,312, but has since rallied and could be heading higher.
On the S&P 500 chart, there is key support around 1,250. A break below would be bearish and see a potential move to below 1,200. I expect the support to hold. There is strong resistance at around 1,362. A strong break above could drive additional gains towards 1,400. On the chart, we continue to see a bullish golden cross with the 50-day MA above the 200-day MA.
The negative I see is the relatively light trading volume during the up days, with the exception of decent trading during the surge last Thursday. What you what to see is mass market participation in the market when stocks rise as a confirmation of common interest.
While the charts are slightly positive, they can also quickly reverse.
A plus for the bulls has been the strong earnings season early on that I had discussed in my previous commentary. Technology appears to be leading the charge.
I admit the strength in stocks has caught me by surprise, but now the outlook looks better and bullish on the charts if the gains can hold. At the same time, don't forget the high debt risk in Europe, despite the resolution, and the debt ceiling debate in this country.
And there is also the matter of generating jobs to drive spending and economic renewal. Moreover, the housing sector continues to see declining prices driven by excess inventory, foreclosures, and the dreaded short sales where homes sell for less than the mortgage value.
I feel that the near-term upside could be limited by the market risk. The key is to watch the volume on upward moves to gauge interest in the market.
My investment advice would be to take some profits off the bigger winners, but otherwise ride the upside. You may also want some downside protection via put options.
Retire on This One Hot Stock!
This stock is up 232% since we first picked it. Our expert analysts say it will go up another 100% in the next 12 months! Our top 19 stock picks were up an average of 173.57% in 2010 (not a misprint). See where we are making money in 2011 and get our combined 100 years of investing experience working for you starting today.
Get your FREE report on our top stock pick immediately here.

Read More

Credit Repair - The Right Way To Dispute Bad Credit!

So, you've decided you want to try and repair your credit on your own and dispute letters will be your weapon of choice. I'm going to explain the proper way to send dispute letters to give you the best possible chance of getting negative items removed from your credit report.

Once, you've compiled a list of all the negative information on your credit report you want to prioritize them in order of most damaging first. Start with your personal information e.g. names, social, addresses and employers.

Often time's debts are ?connected? to your address. Dispute any of the above personal information that is not current. The goal is to have it completely removed, not adjusted.

You want to dispute the most negative item first and you must give an outcome you would like. For example, this account is not mine, please remove it from my credit report. If you don?t give an acceptable outcome, they could adjust an account when you really wanted it removed and visa versa.

Additionally, you want to use verbiage that is convincing to the bureaus that you're not using a credit repair agency. In other words, write it like a surprised and pissed off consumer. If it's a perfectly formatted letter and they recognize it, you'll probably get the ?frivolous? comment and no changes.

I've written letters that say things like ?what the hell is this on my report? Please get this trash off of here immediately.?

Sounds stupid, but its something an angry consumer is likely to write and it's worked many many times.

Once you've sent your letters, it's very likely you'll get a response back within a week or two asking for more information ? namely ?what credit repair company you're using? This is a stall tactic, do not answer them. They do this because if they receive new information, they are allowed another 15 days to investigate.

If your credit reports come back verified, no change, don?t panic. You can re-dispute the item only for different reasons. If you sent the first one stating ?not Yours?, then next letter can take the angle of ?wrong account number? or wrong balance. This gives them something new they must look into and a greater chance of the creditor not verifying it.

If you've tried all of this, you still have recourse. You can request method of verification. How did they verify the information, who did they talk to? You want to ask them the business name, address and telephone number of the furnisher of the information. That is your legal right to request that information and a very powerful tool in credit repair.

This works because credit bureaus verify your information via a computer system and a two digit code. When you ask for names and numbers, this is often a big problem for the credit bureaus.

Once you begin seeing items removed, repeat steps above until your persistence pays off.

Read More

Reduce Credit Card Debt: Be A Debt Free Person

These days, most of the people are reeling under credit card debts. High interest rates coupled with large spending can be attributed as one chief reason. Its quite obvious that no one in particular would like to face financial hassles. However, with a carefully executed plan, there is a possibility of reducing the debts in a suitable manner.

Well at the very beginning, to cut down the debts, one should altogether stop using multiple Credit Cards. If you continue to use the Credit Cards, the amount of debts will increase, making it difficult for you to pay it off. Instead prefer to use your debit card to sustain your needs. However, you can keep one of the Credit Cards, as security for some emergency needs.

By effectively reducing the usage of Credit Cards, you will be able to stop adding debts. Now you must concentrate on cutting the down the high interest rates which keep on adding with each passing day. In this regard, you can consolidate all the unpaid credit card debts with the assistance of a new credit card, which is offered at a comparatively low interest rate. Moreover, there are a number of credit card companies who are willing to provide you special discounts on transferring your balance to them.

After taking care of the debts, it is time to clear it off. In the first instance, if the debts are not that large, you can start paying it off through on your own. But in case, the debts are large, you can apply for a loan to pay it. The loan availed should have cheap interest rates, so that you don?t end up paying more than you are supposed to.

Further, preparing a monthly budget and cutting down expenses on unwanted needs will help you save a considerable amount of money. The money save can be used to remove the debts. There are also some debt management companies who are offering services, so that you can settle the debts in a convenient manner.

If you are willing to follow the steps and adhere to the principles, you will surely be able to reduce the extent of credit card debts and become a free person again.

Read More

Day Trading Online In The Uk

It is one of the strongest currencies in the world, but the whole economy is not as powerful. It fluctuates up and down, along with trends in privately and publicly-owned companies. England's economy has experienced some very high points, but has also experienced some low points as well.

No matter where you live, you must carefully consider your options before you try to earn a return on your investment; and England is no exception to that rule. But some people in the UK still like to take a risk with their money and one of these risks is day trading online.

Day trading online involves the process of buying and selling shares over the Internet at short notice. Day trading online has been seen by many as a way to get rich quick, but that isn't the half of it. Statistics show that online day traders are having a rough ride, with 70% of online day traders losing money. So if you are looking at getting into the world of online day trading, then you should know the risks that are attached to the service.

But when you are in the world of online day trading then you will get some excellent services given to you. One of these services is a chat room, where you can talk to other buyers and sellers. This is a good way to find out what the next big time company might be, but you have to know if this person is "share ramping," which is the process of talking up the shares artificially. So you have to take the risk of guessing if this person is correct or not and if the information hasn't been authorized.

These days, online trading websites are somewhat risky and can be dangerous. But if you are a professional when it comes to buying and selling shares, then you will know all about the risks and you can make yourself a tidy profit. Day trading online should not be used by beginners, but more used by people that are heavily experienced in the stock market world.

Read More

Stock Trading Tips

Making a profit in today's money market economy requires cautious calculation, knowledge of the financial environment, and a little luck. Even if you don?t believe in the latter, online stock trading is a huge investment opportunity for many, and a daring endeavor for day traders. Before choosing a particular online stockbroker, it's imperative to consider these key points.

?Investment Options-Go with a site that provides multiple stock options, mutual funds, CDs, IRA rollovers and things of that nature. TD Ameritrade is a great source for stocks, bonds and all things finance.

?Trading Platform-Consider the usability and intuitiveness of the online stock trading platform you're signing up with. For example, Schwab Active Trader utilizes StreetSmart Pro? and gives traders streaming market data in a simple, yet sophisticated custom display view.

?Investment Outlooks-To trade successfully, you need continuously updated, extensive real-time stock charts and quotes. Zecco lets you customize ?Watch Lists? and even has their own ?Gainers,? ?Losers,? and ?Most Active's? to help you out.

?Ease of Use-Online stock trading isn?t for the faint at heart, but doesn?t require expert knowledge to acquire an understanding of it. Sharebuilder, for instance, targets both novice and professional traders with their user-friendly site and minimal investment requirements.

While the market incessantly fluctuates, and one good day on Wall Street could turn into an investor's nightmare the next, trading online greatly assists those building their portfolios. TD Ameritrade offers extended hours trading for those working a longer day, and online stock trading services such as eTrade provide real-time streaming stock quotes. You may just become a Dow Jones junkie while having fun in the process.

Read More

How To Get A Fixed Rate Heloc Mortgage Quote?

The equity in your home is like money in the bank, in fact you can use the equity in home just like a credit card account. This line of credit is called HELOC, home equity line of credit. To get a HELOC account you must first get fixed rate HELOC mortgage quotes several lending institutions and compare their interest rates. If you are interested in having a huge line of credit, a HELOC account might be right for you. Fixed Rate HELOC mortgage quotes are free, just like other quotes, so it is to your advantage to get up to a dozen or more quotes so you can narrow your search for the lowest of all the fixed rate HELOC mortgage quotes.

Depending on what you qualify for you can possibly get a line of credit up to 75 percent of your home's value. If your home has been appraised for $150,000 your line of credit could be up to $112,500. The fixed rate HELOC account has a set monthly payment based on the amount you borrow. You use it just like a credit card, but your payments are not fluctuating like a revolving credit account. Most fixed rate HELOC mortgage quotes are based on a 10 year repayment plan

If you want a HELOC account you will need to specify which type you want; there is a revolving credit HELOC, in which the interest rate is variable, and there is the fixed rate HELOC, in which the interest rate is fixed. Some people like the adjustable rate HELOC because the interest rates start out low, and they pay on it just like they would a credit card. Others prefer the fixed rate HELOC because the interest rate stays the same over the term of the loan. If you request fixed rate HELOC mortgage quotes from a mortgage company the broker will send your request to his/her network of lenders. Each of those lenders will forward their quote back to the mortgage company. The mortgage broker will then forward the fixed rate HELOC mortgage quotes back to you.

If you start out with one HELOC equity loan and you want to switch to another you can do so, but there may be a charge to change. This means if you locked into a fixed rate HELOC and then the interest rates go down and you are stuck paying the higher interest rate you can switch, but the lender may charge a penalty fee. A HELOC account can be very attractive to some, because they can live month to month on their line of credit and then just make the payment every month, and if your expenses for that month. Another advantage is that you can make expensive purchases if you want to with this account, where some Credit Cards have a spending limit. Your spending limit is set also, but it is set by a percentage of the appraised value of your home. Once you have the lowest of all the fixed rate HELOC mortgage quotes in your hand you are ready to sit down with your lender to make out your home equity line of credit account.

Visit our home mortgage loans and mortgage rates guide for more information.

Read More

Gambling Winnings And The Irs

In the United States gambling winnings are considered by the IRS to be taxable income and must be reported on your federal tax return. Gambling income includes, casino winnings, winnings from lotteries, and horse races. Cash winnings as well as the fair market value of prizes such as cars and trips etc. are eligible for Gambling taxes. A payer is required to issue you a Form W-2G or Form 1042-s if you receive gambling winnings subject to Federal income tax withholding. All gambling winnings must be reported as income even if no casino tax is deducted. Foreign nationals such as residents of Canada and the United Kingdom may be exempt from paying tax and be subject to a full casino tax refund due to provisions within their tax treaties with the United States. It is advised for Foreign Nationals claiming tax treaty provisions to use the services of an IRS Certifying Acceptance Agent to effect a US tax recovery. You may deduct gambling losses only if you itemize deductions. Claim your gambling losses as a miscellaneous deduction on Schedule A . However, the amount of losses you deduct may not be more than the amount of gambling income you have reported on your return. It is important to keep an accurate diary or similar record of your gambling winnings and losses in order to claim your casino tax refunds. To deduct your losses, you must be able to provide receipts, tickets, statements or other records that show the amount of both your winnings and losses. Refer to IRS Publication 529, Miscellaneous Deductions, for more information.

Diary of winnings and losses. You must keep an accurate diary or similar record of your losses and winnings. Your diary should contain at least the following information. - The date and type of your specific wager or wagering activity. - The name and address or location of the gambling establishment. - The names of other persons present with you at the gambling establishment. - The amount(s) you won or lost. Proof of winnings and losses. In addition to your diary, you should also have other documentation. You can generally prove your losses through , wagering tickets, canceled checks, substitute checks, credit records, bank withdrawals, and statements of actual winnings or payment slips provided to you by the gambling establishment.

For specific wagering transactions, you can use the following items to support your winnings and losses. These recordkeeping suggestions are intended as general guidelines to help you establish your gambling winnings and losses. They are not all-inclusive. Your tax liability depends on your particular facts and circumstances.

Keno. Copies of the keno tickets you purchased that were validated by the gambling establishment, copies of your casino credit records, and copies of your casino check cashing records.

Slot machines. A record of the machine number and all winnings by date and time the machine was played. Table games (twenty-one (blackjack), craps, poker, baccarat, roulette, wheel of fortune, etc.). The number of the table at which you were playing. Casino credit card data indicating whether the credit was issued in the pit or at the cashier's cage.

Bingo. A record of the number of games played, cost of tickets purchased, and amounts collected on winning tickets. Supplemental records include any receipts from the casino, parlor, etc.

Racing (horse, harness, dog, etc.). A record of the races, amounts of wagers, amounts collected on winning tickets, and amounts lost on losing tickets. Supplemental records include unredeemed tickets and payment records from the racetrack.

Lotteries. A record of ticket purchases, dates, winnings, and losses. Supplemental records include unredeemed tickets, payment slips, and winnings statements.

Read More

Philadelphia Foreclosures For Sale May Dwindle

There is an aggressive campaign in Philadelphia against foreclosures. Because many homeowners fell into forced foreclosures and home repossessions, the city thought it was deemed proper to help avoid the problem. Now, the city government is allocating funds to help homeowners out before they could decide to enter into a possible foreclosure.

What is the impact of this campaign to the foreclosed home market? There simply will be a drop in foreclosures for sale in Philadelphia. The prices might rise up, as the inventory starts dwindling. This will be disrupting the market for foreclosures. As the supply shrinks, expect prices to climb and demand to be tighter. Those who have already bought foreclosed homes in the city are in a better position because they could see their investment yields rise in no time.

Across the US, the housing market has been slumping for quite some time. However, the industry remains alive because most homebuyers are shifting focus to foreclosed homes for sale. In the state of Pennsylvania, the situation is no better. But because there are just too many homeowners falling prey to scams and frauds involving mortgages, foreclosures are seen as impediments. Thus, the city government aims to lower the volume of such, if not totally eliminate them.

If you are a homebuyer or investor, who aims to buy any Philadelphia foreclosures for sale, you could still do so. There are still many of those homes up for sale in the market. You should seize the opportunities now and start buying such foreclosed homes before they totally run out in Philadelphia. After all, the homes are still fairly and practically priced at lower the actual home market values.

Read More

The Burst of The Housing Bubble

There are always going to be good times and bad times that we experience throughout our lifetime. This is especially true when it comes to the economy and if you have been alive for more than a couple of decades, you certainly have seen your share of good times and bad times. This is especially true when it comes to the economic bubble and in particular, the way that it affected the housing market. What is the housing bubble and what kind of changes did it cause for people in the United States and around the world?
The housing bubble is something that was experienced in the early part of the 21st-century. Housing prices rapidly grew and peaked in early 2006. During 2006 and 2007, a decline was seen in the pricing of houses and it reached a low in 2012. This is no small drop in housing prices, many people were seeing the values of their home go down to a fraction of what they were in 2006. Of course, this had repercussions for many people who were homeowners or who may have refinanced their home during the housing bubble to get some cash for one reason or another. What were those problems?
One of the obvious problems that occurred when the housing bubble burst is the fact that foreclosure rates grew very rapidly. People started losing their homes quickly, particularly those that got home loans which ballooned after several years. They may have been able to afford their mortgage when they first signed the documents but when they ballooned to the higher payment, they quickly got behind on their mortgage and were unable to afford it. This not only made it difficult for people to keep their homes, it also made it very difficult for the entire economy. After all, it impacted every aspect of the economy, including homebuilders, real estate agents and even hedge funds on Wall Street.
Of course, there was a lot of backlash within the loan industry during that time as well. It was no longer an easy thing for creditors to simply write up some documents and hand out money for homes, it was now necessary for them to tighten up their loan portfolio management and to take further measures, such as a more stringent credit risk analysis for each and every loan that came through their office. There was even a time when a freeze was put on all lending, which really had a negative impact on the entire country.
Although most people were hopeful that the current housing market is going to make a turn, it is unlikely that we are going to see the numbers that we saw at its peak in 2006 anytime soon. Many people that are upside down in their mortgage are going to continue to be upside down, leaving them very few options but to continue to pay their mortgage or to short sale their property. At the very least, there is hope that the crisis will bottom out and that we will see a turn to the better in the near future.

Read More

How to Make Money With a Woodworking Business

I generally see and listen to concerns about which instruments a beginning woodworker will need to acquire. And the quite a few recommendations, even though varied, all look to have a buying listing a mile lengthy. So, I want to also give my searching listing. And remember that I am still a newbie.
What I say the following some could consider shocking, even blasphemous.
The only tools that a rookie requires are a saw and a hammer. And no, I did not necessarily mean a power observed. A uncomplicated hand noticed will suffice. I may possibly also create a screw driver and probably even pliers.
So, you can not be significant. But, I most assuredly am. But, understand that the woodworking with these equipment is sorely confined. Nevertheless, it can be done, just not really effectively. So, what I'm acquiring at is that woodworking is like a broad area that it really is tougher to define. For the reason that a contractors table noticed may well be of very little use to anyone who desires to do wooden carving. Similarly, precision carving knives are of little use to a woodworker specializing in wooden turning.
So, before we can design a browsing list, we ideally want to know a thing about what the woodworker desires to do with the craft. Now, with all that powering us, I will endeavor to devise a a lot more generic browsing checklist.
I would start off with some essential hand tools. By that, I indicate hammers, assorted screw drivers and assorted wrenches. I would also include a generic hand observed, or two.
Future, I would consider the a lot more essential power instruments. I would begin with an electrical drill. A battery operated cordless unit is desirable, but unquestionably, not necessary. I personally have a more recent compact 18 volt lithium drill and I love it. Corded drills still perform admirably, even though they give up a slight bit of versatility. An individual observe the following is that a cordless instrument is often subject matter to battery daily life and battery failure. Replacement batteries are usually a lot more high priced than a thoroughly new instrument. A corded instrument only requirements entry to electrical power and the proper extension cord. A circular observed, a jig observed and an orbital sander would complete my essential procuring list.
The next action further than the fundamentals outlined previously mentioned would likely contain a table observed and a router. Frequently periods this may well involve numerous routers, at minimum an individual of them would be bench mounted. A different of the more essential energy instruments is the compound miter saw. Some folks also want the redial arm saw.
Right after this, the variety will become a ton more certain to the certain component of woodworking you desire to go after. A jointer and a planer seem to be to be for the more superior woodworker, while a scroll noticed is far more for individuals that selected to do the more compact, a lot more delicate form of get the job done.
I know that this checklist is not full in all spots, and in some conditions it is almost certainly overly basic. But it is a put to commence.
Running your own woodworking small business out of your residence can be an individual of the ideal employment in the entire world.

Read More

Debt Vs Credit Cards

When you are considering getting a credit card you should be fully aware of all the consequences that could come with the responsibility of having and using one. Some people prefer to make use of a debit card instead of a credit card to keep them out of financial peril. This is all a matter of personal opinion and needs, wants, and desires. When you use a credit card, if you are not careful you could end up in a deep financial hole that is extremely difficult to get out of. Using a credit card takes a mature responsibility of resisting temptation, setting and sticking to a budget, and having the ability to pay off the charges at the end of each month.

A debit card is a form of ?Credit Card? that generally comes with the Visa or MasterCard logo upon and works just like a credit card would with a few exceptions. These debit cards; if they have the major credit card logo upon it, can be used to any retailer that accepts those specific cards and for any purchases such as items, hotel reservations, and car rentals. The exceptions and differences between a credit card and a debit card is that a credit card is linked directly to your savings or checking account. Unlike a credit card, a debit card has a limit that is based upon the amount of personal money you have within these accounts. You cannot go over your limit, so there are no fees; however, you will want to be extremely careful, because as stated it goes by the amount of money you have within the account.

Additionally, because a debit card is linked to your savings or checking account you can use the card at any ATM without having fees applied (Unless you use an ATM of a non-accepting bank, then you may be charged $1.00 - $1.50 for using that ATM). By using a debit card you will avoid the fees typically associated with a credit card, such as interest charges on balances, cash advance fees, and it will not affect your Credit rating at all. By using a debit card, you will be able to better control your spending because the charges will come directly out of the money within your account, this will help you (if you stick to a budget as mentioned before) refrain from over spending and keeping financial stability.

Read More

Health Insurance Types ? Cafeteria Plan

A cafeteria plan, also known as Section 125 of regulations of section 125 of the Internal Revenue Code is a separate written plan maintained by an employer, or maintained by a third party called a third party administrators.

It is highly recommended that smaller companies desiring to offer such benefit plans use a TPA (Third Party Administrator) since the administration of such plans is not only intricate but, if mistakes and miss steps are made the fines for non compliance could be astronomical

However the plan is administrated it provides participants/ employees an opportunity to receive certain benefits on a pretax basis. Those who take advantage of a cafeteria plan must be permitted to choose among at least one taxable benefit (such as cash) and one qualified benefit.

We can best explain a "qualified benefit" is a benefit that does not defer compensation and is excludable from an employee's gross income under a specific provision of the Code, without being subject to the principles of constructive receipt. OK. Let me explain farther, Health insurance for the employee can be a "qualified benefit" give to the employee within the employee's compensation but not singled out and taxed. Other insurance products such as accident and health, adoption assistance, dependent care assistance, group-term life insurance coverage to limits and health savings accounts can be considered qualified.

Beware! Archer medical savings accounts or long-term care insurance may not be considered "qualified" and may have to be paid in "post tax" dollars

Every written plan must specifically describe all benefits and establish rules for eligibility and elections. A section 125 plan is the only means by which an employer can offer employees a choice between "taxable" and "nontaxable" benefits without the choice causing the benefits to become taxable. Employer contributions to the cafeteria plan are usually made pursuant to salary reduction agreements between the employer and the employee in which the employee agrees to contribute a portion of his or her salary on a pre-tax basis to pay for the qualified benefits. Let us here hive you an example. The employee is offered a bag of money; let's use $500 per month.

The employee will not be taxed on that money because salary reduction contributions are not actually or constructively received by the participant. From that bag of money an employee may choose a selection of products to purchase, hence "cafeteria"

Cafeteria plans may make benefits available to employees, their spouses and dependents.

In some cases a plan may also allow inclusion coverage of former employees, but cannot exist for that purpose only.

Although generally there is no filing requirement for a cafeteria plan we highly recommend use of a third party administrator to make sure strict compliance is adhered to.

Read More

The Basics Of Online Banking

Banking online has become the quickest growing internet activity, with nearly 4 million users already managing accounts, and paying their bills through a virtual bank. With the convenience and ease of online banking, everyone seems to be in on the newest trend. And there are quite a few other advantages, such as avoiding the lengthy aspects of conventional banking. Everyone must educate themselves on the basics of online banking before truly deciding whether or not it is right for them.

Online banking offers a myriad of advantages. Online banking websites are always equipped with secure servers and can perform transactions much faster than any automatic teller. Also, virtual banking sites never close; they are open seven days a week and 24 hours a day. You can access your bank account anywhere. If you are traveling out of the state or even out of the country, you can have admittance to your bank account anytime, anywhere. Another quality benefit is that most online banking sites now allow you to manage a variety of accounts such as IRAs, CDs and securities from just one website.

To perform banking transactions online, you will need a computer, access to the internet, and occasionally software provided by your bank. A majority of the larger banks now offer fully operational online banking for free or a small cost. The most advanced banking websites allow you to examine your various credit card accounts, check out brokerage accounts, and even get stock quotes free of charge. Smaller banks or branches, however, may only allow you to view your account balance and transaction history, but you cannot make payments online. As the online banking business progresses, hopefully so will most banks.

Paying bills online is extremely simple. First of all, you need to produce an address book listing all of the payment recipients. When a bill is received, choose a payment amount, the date it should be delivered, and send it on its way via cyberspace. The rest is in your bank's hands. One of the benefits is that a lot of these payment programs let you schedule your payment so you can pay the same time each month. No late fees!

There are a few disadvantages to online banking. Some banking sites can be fairly difficult to navigate at first, especially if you are unfamiliar with the world wide web. You definitely to take time to educate yourself on the many facets of the online banking, and accustom yourself with your virtual surroundings. Another unfavorable point is the time and effort it actually takes to get started with your bank's online program. You will most likely have to go to the main bank branch provide identification, and fill out documents. Once this is taken care of, you will finally be ready to begin yo urbankingonline.

Read More

Important, College Student Loans: Critical Know-how

It is always stressful when selecting a college student loan, because there are so many different terms, options and many companies provide very attractive offers.

It is very important, however, to understand that lots of the really "to good to be true" types of college student loans are exactly that.

While thousands of "good looking" college student loans are issued every year, they end up costing thousands in fees and interest over time due to not reading and understanding the fine print before getting in a binding contact. Some major factors to consider while looking for particularly private school or education loans include:

? Vague information on the interest rate of the loan and how the interest rate will be calculated over the life of the loan. If at all possible look at loans that allow you to lock in the interest rate if the rate is good at the time of the loan. Depending on how the market fluctuates, it can either be a really good or really bad decision to lock in your rate.

The amount of money borrowed and the interest rate are both affected by your credit score. If a lender offers low rates to people with bad credit or to people no matter what their credit score is, you should be very weary of them.

While it looks promising, the additional fees, other services, and costs that you end up paying are not so nice. Most commonly, these costs exceed a slightly higher interest rate in the long run.

If a loan has a loophole to get around policies or that provides money for items not related to education, you should avoid these lenders.

Not only is it illegal and against the policies of the Higher Education Act, it also typically is a scam that unsuspecting students get caught in before it is exposed.

? Ask if the lender will sell your loan. Many of the smaller private lenders will sell your loan to someone else, leaving you with someone other than the original lender to deal with and possibly resulting in different interest rates and terms.

A reputable lender will put information about the selling of the loan in writing and will also guarantee that the original terms will continue to apply.

Although these new companies offering student loans may be appealing, it is still good advice to stick with companies that have a proven track record and that have a history of working with students in a fair and responsible manner.

Read More

Fulfill Personal Needs With Secured Loan Uk

Stop compromising with your dreams. Now money deficit can no more prevent you from meeting your much desired dreams. If you are a UK resident, then secured loans have good news for you as they provide personal secured loans to meet your dreams.

Personal secured loans are offered to UK residents for your numerous purposes. You can use these loans for buying a home, car, renovating house, paying off previous debts, meeting medical or educational expenses and many other purposes.

You can borrow a personal secured loan UK with an amount ranging from ?5000 to ?75000 and even greater depending upon the collateral you put. Collateral is necessary to put against the loan amount as it is a secured loan. The collateral is mostly put as your home, vehicle, or any valuable paper.

Since you offer collateral, the lender becomes secured about his money and offer you larger loan amount. Along with that secured personal loans also offer a reduced interest rate and a flexible repayment term of about 3-25 years to all UK residents.

If you are having a bad credit history, do not worry at all. Secured personal loans also take care of all bad credit holders in UK. Bad credit holders include all individuals whose credit history includes poor credit score, arrears, defaults, Bankruptcy, CCJ etc.

A simple secured loan might take ages to reach you because of its long approval process and paperwork. But with personal secured loans UK, you need not wait for the approval nor you need to find and visit each lender personally. Personal secured loans are provided to all UK residents online. Now you can avail money just by sitting at home with the help of your computer. Internet provides a huge list of online lenders providing secured personal loans to UK lenders. You can easily make a visit to as many lenders as you can without moving from your seat.

While applying for secured personal loans UK, you will be required to fill an online application form which will ask you to fulfill certain conditions. First of all you should be a UK resident with above 18 years of age. You should also have an employment proof and a minimum salary up to an amount fixed by the lender. Apart from these, you also need to have your identity proof, residential proof etc.

Once your application satisfies the lender, your loan will be approved shortly and the money will reach you in a very short time.

Now money can no more become a hurdle in your life. Avail everything you wish with secured personal loans UK.

Read More

What Is An Iva

If you are falling into serious debt and are struggling to see a way out, you should seek professional assistance today to discuss your options. One leading debt management company understands how you are feeling and is entirely committed to helping you achieve a positive outcome. There are many ways in which they can help you to manage your debt; one such method is to seek an IVA. An IVA, or Individual Voluntary Arrangement, is an agreement that allows you to manage your debts into one affordable monthly repayment.
If you owe more than 15,000 in unsecured loans to three or more creditors then an IVA may be the ideal solution for you. Introduced as part of the government's Insolvency Act of 1986, an IVA can protect you from creditor legal action, stop constant contact from your creditors and allow you to pay off your debts with realistic repayments.
When you seek the expert assistance of this debt management company, they will assign you a specialist Insolvency Practitioner who will take on your case and help with the process of negotiating an IVA with your creditors.
The process begins with a discussion to determine the extent of your debts and which creditors you owe money to. If it is decided that an IVA is a suitable solution, a proposal will be set up and they will contact your creditors to arrange a Creditor Meeting. To give you peace of mind, once your proposal has been made, they will also contact the County Court to request an Interim Order that prevents your creditors from starting Bankruptcy proceedings against you.
If your creditors agree to accept an IVA, all interest and charges will be stopped. What's more, there is a possibility that some of your debt will be written off on the condition that you will make monthly repayments, usually lasting 60 months.
However, you must be aware that should you fail to meet these monthly repayments, your Credit rating will be affected for up to six years and you will most certainly be made bankrupt and, after around 4 years, it is likely that your creditors may look for any equity on your property.
If you can manage these affordable monthly repayments, setting up an IVA with your creditors will be an effective method of easing creditor pressure whilst giving you the best possible chance of protecting your assets and relieving your debt. Take the first steps towards a debt-free life today by seeking the assistance of this leading debt management team to find out if an IVA is a suitable solution for you.

Read More

Stop Foreclosure Help Or Risk Losing Your Home

If you are reading this article right now, chances are, you know someone who is in danger of foreclosure. If not, then maybe it's you. Whatever the case, this is a serious situation which usually requires professionals to offer stop foreclosure help to their clients.

The truth is, it's not easy to do this. Ask anyone who went through this experience and they'll say how much emotional, physical and mental stress they had to endure while they were in that situation. And although it's difficult by any standards imaginable, it's much better than not facing the problem at all. Not facing it is tantamount to disaster, as some of these possible consequences might arise in the process.

First, there will be a loss of equity. In many instances, an owner who doesn't have a chance to reinstate his or her loan through making late payments has two options. The first one is to have a profit speculator buy his property. This is not very ideal because most of the property equity will be lost. Another option is to just lose the property to a trustee's foreclosure sale. This is much worse, because in many cases, the owner doesn't earn anything at all.

Second, there will be a pile up of credit problems. When foreclosure happens, serious damages to the owner's Credit rating can be expected. For instance, a bad Credit rating can make it extremely difficult to borrow money from creditors. In all probability you will have to gain back their trust, and it will take a long time for you to earn it back. Also, it would be more expensive for the borrower to get Credit Cards due to the higher interest rates that will be charged by the lenders. This is the worst consequence of foreclosure: Years and years of limited and expensive credit. Too much of this can make it very hard to financially recover in the long run.

Third, there will be some problems with taxes. Sudden foreclosures can lead to a property title transfer and tax assessment. When an owner tries to take out the equity loans against a property's appreciation, it is often viewed as a form of profit taking. This is especially true when they are not paid back. Also, these loans are considered taxable, and the owner must have to face the capital gains tax that will be due on the profit. In most cases, property owners do not even know that they have to deal with capital gains assessment when their property is foreclosed.

Fourth, there will be problems on Junior Liens. There are some cases when a foreclosure can happen on a property, so the security for a junior lien lender is depleted. However, there are some loans that a lender can demand collectively through court actions. When this happens, expect massive financial suffering in the coming years ahead.

Foreclosure is a difficult stage that nobody wants to experience in a person's life. It is a challenging problem, and many people who have undergone it would say that they need any form of stop foreclosure help to alleviate the problem. However, there are things people can do, and choices they can make. The best thing that anyone can do right now is to face the problem and make informed decisions that can be beneficial for them and their homes.

Read More

Forex Mechanical System Trading - Is It For You?

Before I proceed to share with you my views and pointers about forex mechanical system trading, I would assume you know the differences between discretionary and mechanical trading. If not, I would suggest taking some time understanding the key differences between them before reading this again.

Ok... if you're still here, let's move on

These days I notice more traders flocking over to the mechanical side of trading from the discretionary camp which is pretty interesting to me. If you've been doing well with discretionary trading, I congratulate you because it's not many people that do well with it.

Here's the biggest problem traders in general face... their mindset, psychology or emotions.

If you cannot control your emotions, you're pretty much out of the game. Period!

That's where mechanical trading comes in and where your ego is left at the door. With mechanical trading, you are asked to be like a robot and just followed simple straightforward trading rules that for the most part never change for the trading system too often.

It looks like this...

When A and B happens, you do C. Or when B and D happens, you do E. It's that simple.

And we are know that trading forex has 3 sides to it, strategy, money management and psychology. With mechanical trading, you have pretty much dealt with the issue of psychology which leaves you with just the strategy and money management sides to work on.

As I bring this to a close, start with mechanical forex trading if you think you've got a problem controlling your emotions (especially in trading).

Read More

Quickly Remove The Burden Of Tensions With The Fast Unsecured Loans

There are several ways in which the borrowers can borrow money from the loan lenders. Some of the options of having a loan may require a security in the form of immovable asset, whereas others are freely available without any such compulsions. Each and every type of loan is useful to the loan seekers. However, the only thing is that some loans fit in the requirements of the borrowers, while others fit in the requirements of differently situated loan seekers. A scrupulous type of loan plan may be the smartest way of borrowing money as far as a borrower is concerned, but it may not be so with another loan aspirant.

If the borrower needs a small amount of loan, and that too for short duration say six months to five years, he or she may need to act according to the purpose just round the corner. For the borrowers, there is no inevitability to involve their home in such cases because they have many other risk-free options of borrowing cash or finance, easily. In the financial market of the UK, the loan providers provide up to 25,000 pounds solely on the basis of the monthly income of the loan aspirant. No security or asset against the loans amount is asked by the loan providers for proffering such finances to the loan seekers.

These fast unsecured loans are not only obtainable to the employed people but these loans can also be taken by unemployed youth, who are searching for a suitable job for them. Conventionally, a loan was available only against a security but with the changing times, this trend has also been changed and it is now no longer necessary for the borrowers to pledge their home for taking a loan of small amount without any hassles. The financial institutions and firms that provide unsecured loans are in abundance in the UK and one can easily get a loan from any of these money lenders.

The loans for people unemployed involve some extra procedures and may take some time to become perceptible. Such loans are given on the basis of the earning potential, educational qualifications and all that. The loan providers evaluate in advance the earning potential of the borrower and accordingly offer him or her loan to suit him or her. Some loan plans even allow the borrowers to skip the repayments for initial three to six months of the loan period. Now, once a job opportunity comes in the way of the borrower and he or she starts earning then this loan can easily be paid off.

These fast unsecured loans have their own lackluster characteristics. One of the most important characteristics is the rate of interest these loans charge. If the borrower is having low Credit rating then the rate of interest may be even more pressurizing on him or her. Nevertheless, the positive side is that these loans can be quickly availed because there are very few formalities involved in the process of availing these finance options. The financiers may only have to verify the monthly income and past credit record of the borrowers to provide the loan amount. This simple process may take the maximum time of a day or two and this is making these loans favorite among all classes of loan aspirants and seekers.

Read More

How To Create More Income

There are two sides to wealth creation, earning money and spending it. In essence, if we spend less than we earn, we will ultimately, progressively become rich.

However, I also like to reinforce the other side of the wealth equation, income, because most budgets and money management programs focus too heavily on reducing the expenditure, which is often restrictive and sometimes depressing. Very few of us focus on increasing our income in hard times, which is exactly what we should do. Creating more income is also a more positive approach than merely cutting back our spending. Although, in the beginning it is important to identify our extravagances and eliminate expenditures that are wasteful, it is equally important to think of new ways to create more money. This is often easier to do than we realize.

Be novel and think laterally when devising new ways to increase your income. Everyone who I have assisted on the Money Program has eventually increased their income, despite protests to the contrary at first. Some, who were seriously in financial hardship at the time, got part-time work to help in the short-term. Others increased their hours or thought of new ways to increase their clientele. A few were able to turn a favorite hobby or interest into income-producing ventures. Some were more adventurous and left poor-paying employment for better opportunities. The more I asked them to think about it, the more receptive they became. However, the most important aspect is only do what feels right to you and that which you enjoy.

When you start to manage money, your sense of accomplishment and self worth increases. This sense of accomplishment has a snowball effect. The more accomplished you become at managing money, the more open you will become at earning and receiving money. This may take time, so in the beginning you may have to use short-term methods to boost your income, such as part-time work. Do not rush out and change jobs just to increase your income.

When my clients changed jobs for a higher paid one, it was usually a gradual, automatic process that happened naturally when their self-esteem grew and they were ready for it. So, if your first thought is to change jobs - wait. Is it the right time? Are there other short-term ways to increase your income first? Do you have a good employer who is doing the right thing by you? If you increase your output in this job, will it lead to a payrise? Think of all the alternatives first.

Many people naturally try to increase their income using short, quick-fixes. Gambling, lotteries and highly-speculative investing lure the impatient into believing that one big win will solve all of their financial problems. The odds are definitely against them, but even the "lucky" few rarely keep their windfalls for very long. Bankruptcies amongst former lottery winners are all too common. Quick-fixes are just that - a quick fix, not a long-term solution. If you haven't learned to manage your money before the windfall, what makes you think that you will after the windfall? The usual scenario is to keep repeating the same behaviors that prevented you from successfully managing money in the first place. If your tendency was to overspend before the windfall, then you will most likely keep overspending - but with more to lose.

People who gamble have usually given up on their own ability to make money. It is usually those people who feel that they are stuck in a dead-end job or have lost their faith in their own abilities to produce a good income, who flutter away their hard earned money on lotteries and poker machines. Pensioners, in particular, once their working years are over, are enticed by the hope of that extra windfall because it represents the only extra money they believe they can create. When we lose faith in own ability to earn more income, or produce the income we desire, the more we can fall prey to the addictions of gambling.

Winning large windfalls is often a double edged sword. There is a tendency to either misuse the large sums of money or lose it. Not only have we not learned to manage this sudden wealth, but we have often not earned it. Within all of us, there is sub-conscious voice that ensures that our internal debits and credits are balanced. If we produce goods and services that are valuable to others, this internal part of us knows that we deserve payment and will more readily accept greater rewards into our life.

I often hear people saying, "I don't feel like I deserve to be wealthy". Maybe, they don't. Maybe, they haven't tapped into their wide reservoirs of talents and skills yet and not used them for adding value to their community or employers. Observe very wealthy celebrity or sport stars. They have far reaching audiences who they inspire or entertain. The celebrities may earn millions a year, but they also reach millions of people. The more people these stars can assist in some way, the more money they receive in return. We need to feel that we have earned our income, before we can appropriately accept it into our lives. There has to be some sort of exchange. People who suddenly win large windfalls often lack this sense of exchange, and sooner or later, lose or give away their money in compensation.

The most consistent path to increasing your income is by the exponential method: a slow, gradual start that increases dramatically over time. This gives us time to learn how to manage the increase. The more adept we become at managing money, the more we will be open to receive.

Each of us has a subconscious ceiling on the amount of money we can receive at any given time. This ceiling has been created by many different factors - parental and social conditioning, past experiences, our own sense of self-worth and the value we have placed on the talents and skills we use in our particular line of work. If we receive more than what we think we are worth, we tend to lose it or give it away. Hence, the reason why so many lottery winners become bankrupt so quickly. In order to increase our income, we must raise the ceiling on our income earning potential.

Past influential people can also affect our sense of self-worth. For example, an overly critical parent or employer can impose their own limiting beliefs and values onto us by constantly demeaning our efforts. In Napoleon Hill's classic, Think and Grow Rich, he lists the thirty-one major causes of failure. Included in this list, are "unfavorable environmental influences during childhood", "negative personalities", "wrong selection of a mate in marriage" and "wrong selection of associates in business". In all of these factors, he cautions against negative personalities and surrounding yourself with people who destroy your goals and inspirations. As he says, "We emulate those with whom we associate with closely. Pick an employer who is worth emulating".

Regardless of how detrimental our past conditioning and exposure to negative and limiting beliefs, we can change our own internal programming. To raise our income ceiling, there are several things we can do:

1. Add value to your work. If we are sloppy and lazy in our work, we decrease our own internal self-image. Wasting time and getting paid for too many, unnecessary "sickies" may be a short-term method of getting us through a boring job, but it also lowers our own internal self-worth. The more we add value to what we do and know that it is serving our employers, clients and the community, the more we raise our own level of self-esteem.

2. Fully utilize our own special skills and abilities. We all have special talents and traits that are valuable to others. If you are not using these talents in your current job - you are in the wrong line of work. Do those activities that utilize your special talents everyday, even as a hobby. Then you can gradually build them into a job, business or career. Invest in some extra training, if necessary, to improve your skills to qualify for greater income-producing opportunities.

3. Add purpose to our work. One of my favorite sayings is, "To be successful, add purpose to what you do. The higher the purpose, the greater the success you will achieve". Even a menial job will gain more sparkle, when you find a higher purpose to the work. Whether we realize it or not, people are basically driven by purpose. Without purpose we shrivel up and contract our lives, our feelings and our aspirations. With purpose, everything becomes meaningful and more exciting.

4. Spend less time with people who intimidate you or constantly demean your abilities. If you cannot avoid them, ensure that you don't accept their beliefs and criticisms as the truth. Remind yourself that negative people are often only projecting their own fears and thoughts about themselves onto others. It is not your belief - it is theirs.

5. Change your own internal income ceiling. The best and surest way to do this is to reprogram it. That is why affirmations and visualization exercises are so effective. We have a subconscious picture or belief about what we can or cannot have, and sometimes we just get used to having only what we have had in the past. We need to stretch our beliefs. Write out new goals and tape them to your bathroom mirror or refrigerator where you can see them everyday. Read inspirational books on goal setting and achievement. Practice creative visualization.

I believe that in all of us, regardless of age or physical health, we have special talents and skills that are valuable to others. At age 81, film star Kirk Douglas suffered a debilitating stroke that rendered him powerless and speechless. After many months of intensive therapy, Mr Douglas regained his speech and later wrote a book called, My Stroke of Luck, describing the positive opportunities he gained from his illness. No physical situation is detrimental to us, if we use it as an opportunity for growth, learning and expansion.

Read More

How Jesse Livermore Made Fortunes in The Stock Market

The greatest stock market operator
Jesse Livermore is widely considered the greatest stock market operator of all time. Livermore was actively involved in the stock market from 1892 to 1940. There were many ups and downs, but also incredible wealth attained by this great master. In this article, I will cover some of the key reasons why Jesse Livermore is the Babe Ruth of the stock market. It is important to note, all of Livermore's principles, strategies, and methods are just as valid today as ever.
Early lesson of patience
Livermore, like all traders, made a lot of mistakes early in his trading career. After a while, he certainly realized trading wasn't easy at all. This caused Livermore to analyze the mistakes he made that caused his losses. A key lesson he learned was patience. Often he would become impatient, and felt he had to trade no matter what. This lead to impulse trading, which rarely leads to successful trading. He learned its crucial to have as many pertinent factors as possible in your favor, before taking a position in the market. You want the odds strongly in your favor on each and every trade you make. Learning this early lesson was a real springboard to success for Jesse Livermore.
The skills and traits of a winning trader
There are certain skills and traits required if a trader is to be successful in the long run. You must have reasonable intelligence, and can not be mentally lazy. Livermore considered trading a full-time business, and would always be looking to improve himself. The following are areas he believed were essential for success.
1. Understand and controlling the psychological part of trading. You can not allow greed, fear, hope, or other emotions influence your decision making. You must trade objectively.
2. A solid knowledge of economics, and business conditions. You need to understand crucial elements, such as the interest rate cycle, and how it can have an impact on the various trading markets.
3. Observation. It is important to stay focused on factual data only. Do not get swayed by questionable information.
4. Memory and experience. Learn from your mistakes, so you don't repeat them. This is a key in the overall learning process.
5. Mathematics. It is important to understand how numbers work, when applied to the stock market, and other trading venues.
A summary of winning strategies
Jesse Livermore was a true market master, and absolute genius when it came to trading the stock market. A main reason he attained vast fortunes is because he thought, and acted differently than most traders. Here is a summary of his successful strategies.
1. He always knew the general trend or direction of the stock market. You must go with the flow of the market. Don't fight against it.
2. Only buy stocks hitting new highs as they move through key resistance areas, on much heavier than normal volume.
3. Keep all losses small. A good policy is to always sell a stock if it drops 10% below the purchase price.
4. Let your profits ride. Be patient with your winning stocks. The really big money is made in large price movements that go your direction.
5. Focus on leading stocks in the strongest industry groups. You will find most of the biggest winners there. Buy the best at the best possible time.
6. Never listen to, or follow, the tips and information from others, unless you are sure they know what they are doing. Do your own research and analysis. Be objective, and stick with the facts.
7. Avoid low-priced stocks. They are cheap for a good reason. Most cheap stocks will continue to go down in price.
The most successful stock trader ever
Jesse Livermore made hundreds of millions trading the stock market. He once made 3 million dollars in a single day, when he correctly called the crash of 1907. He made a hundred million dollars during the crash of 1929. Livermore was a master of price and volume analysis. This was a key to his overall success. If you want to become successful in the stock market, study and learn from Jesse Livermore. Read his books. He is the perfect blueprint to follow. You could make a fortune.

Read More

Unsecured Loans - You Bet It Works

Do you have a good credit score? Do you need loan for a short term? If yes, do not look elsewhere. Unsecured loans are absolutely suitable for you. These are short term loans that can range from six months to ten years. There is usually a limit on such loans and you cannot borrow beyond that limit. Depending on the lender's credit policy, this limit can be ?20-25,000.

A loan without any security would obviously require a good Credit rating on your part. This is the lender's way of ensuring that his money does not fall in wrong and unreliable hands. There are many lenders in the UK loan market and you should shop around before accepting any offer.

Short term loans are ideal for funding your holiday expenses, buying a motor bike, paying your tax bills, getting rid of credit card bills, meeting educational expenses, shopping for festival season, birthday party, etc. The recent credit crunch that hit globally has also been felt in the UK. The lenders have tightened their terms and conditions making it difficult for the bad credit borrowers. Thus, unsecured loans are now no longer an easy thing to grab especially for the bad credit holders. Borrowers should preferably have a good credit score to get unsecured loans.

There are many homeowners who are quite apprehensive of pledging their homes for taking out short term loans. They can apply for unsecured homeowner loans. These loans do not require homeowners to pledge their homes for borrowing money. Unsecured homeowner loans are available online. These loans are much better than using your Credit Cards. If you are in a habit of delaying your credit card bills, you have to pay heavy penalty in the form of high interest rate. Unsecured loans are relatively economical and you can get them quickly too.

Read More

Adding Alpha To Your Portfolio

If you are an investor then you know about risk. However, what do you know about managing risk? If so, the terms alpha, beta, and standard deviation are probably common to your vocabulary. If they aren't and you are interested in being a successful investor then it is worth your time to not only learn what these terms mean, but to apply them to your portfolio.

What is Alpha?
To begin with, let's discuss Alpha and why it should be added to your portfolio. Terms like beta and standard deviation focus more about measure volatility imposed risk, but you are probably interested in learning what returns you will gain for taking a particular risk. That's where alpha comes into play. Alpha is what determines how a fund performed and if it out performed its goals. When used in conjunction with beta, alpha will determine if given the same amount of risk a particular fund performed better than the market. The fund's benchmark must be taken into consideration and then measured with the actual returns based on the market, volatility, and other factors. If a fund has an alpha that is negative then that means the fund did not meet its benchmark and in fact performed worse than the market as related to the additional fund specific risk.

Alpha's Accuracy
Remember, you can't calculate alpha without beta and if the beta is not accurate then the alpha won't be either. That is why it is so important to focus on accuracy when calculating these numbers or otherwise you won't have data that tells you anything realistic. When in search for accuracy you will be happy to know that the higher the R-squared is more likely your results will be accurate. Remember, all alpha is going to tell you is if the extra risk you took for your fund or portfolio as a whole paid off when compared to the market. Since you want to know how your investments are performing it makes complete sense to add a little alpha to your portfolio, in terms of measurement anyway!

Read More

Do Gas Credit Cards Reward You At The Pump?

Gas Credit Cards are meant for saving money, keeping in view the high gas prices. You have a variety of cards to choose from, and each one has a different offer. These cards offer you a rebate up to 5% on purchase of gas and also other items like grocery. The rebate is lower in the case of purchase of items other than gas. When you have earned cash back of $50 all you have to do is obtain the check from your credit card issuer.

Certain Gas Credit Cards offer comparatively higher rebates on hotel reservations and travel including flights and car, and also double rewards for the initial bills. Certain other Credit Cards have come up with innovative ideas like rebate on purchase of automotive parts, no interest on purchases for a certain number of days after the billing date etc. Though you are on the look out for such incentives you should be sure if you are actually going to use them, and are not going to incur loss for the kind of rewards you do not actually require.

There is ambiguity regarding any introductory offer, and before taking a decision you should pay special attention to the fine print. You can notice that in many cases the percentage of rebate offered by the Gas Credit Cards drop dramatically to less than half after a certain number of days. And even though you are happy with the functioning of your credit card the issuer may change the terms and conditions or add a clause, suddenly to your disadvantage.

Also the rebates may not be offered at all the gas stations, which may cause you inconvenience and also sometimes extra gas. Your effort always must be cash in on the rebate, you have to request for a check or money to be transferred into your account, instead of waiting for them to pay you, as the rebates may cease to exist after a given period. If you intend to carry a balance like majority of the credit card holders do, you might end up suffering loss on account of the high interest rate. The idea of the Gas Credit Card is to save you a few dollars and not accrue debt.

Because of the stiff competition in credit card business the companies are always on the look out for innovative methods to attract customers. As gas is something everyone buys, teaming up with a gas company means better business. On the other hand the gas companies themselves offer Credit Cards which can be used at only those gas stations. Rebates are offered for purchase of gas and items on sale at the particular gas station. Sole gas station Credit Cards generally offer more discounts, and in case of a gas station in your neighborhood it is a good idea, unless you are going on a trip and you run out of gas. Other advantages of using these cards besides the rebate is that you need not carry cash and expenditure on gas will not be mixed up with regular expenditure.

If you are particular about monitoring the expenditure on gas these cards offer monthly statements with list of purchase. Like other Credit Cards you may watch out for annual fee or other hidden charges in case of the Gas Credit Cards too.

Gas Credit Cards are Credit Cards that help you reduce travel expenses by offering rebate on purchase of gas, and also on certain other purchases.

Read More