This is default featured slide 1 title
This is default featured slide 2 title
This is default featured slide 3 title
This is default featured slide 4 title
This is default featured slide 5 title
 

Category Archives: Finance

Money Rules

Business and the ability to make money is now the target of the majority and some have openly expressed their feelings that Donald Trump will create jobs for them. Do they need a wakeup call? Hello! What can he do for anyone when he has threatened just about every country that deals with the United States in one way or another.

The uneducated and ignorance of people is echoed in their behaviour. The fact that they are falling for the potential leadership by someone who has never held office is extremely telling of how little they know or care. The same thing is being played out in Australia where the current Prime Minister is also on the brink of being a billionaire. He is promising to turn the fortunes of all around if they re-elect him on July 2nd.

His time in politics is brief and not something that has produced a good record of achievement. So why don’t people know to do their research and get a better understanding of what he can and might do for them?

Over my life-time many politicians have come and gone of all persuasions and my interest extends to those of other countries as well. Never has there been such a scenario whereby two leaders in the first world countries of great importance to world peace been so inexperienced and unsuitable for such high office.

People who have very little wealth or assets are the ones most likely to vote for them because they believe the dreams put forward from their mouths. They cannot discern the lies from the hype and politics that is being spun to get them elected.

Revelation 13:13-18 describes the second beast with the number 666 as Constantine, emperor of Rome. He installed a system of commerce by which the World Order is run today. It allows this problem to manifest because it is based on the rich having more wealth and the poor getting less. That means that rich politicians will do nothing for those who are currently pinning their hopes on the prospect of self-made billionaires showing them the way out of poverty.

My spirituality prevents me taking part in money-making enterprises and I can easily sympathise with those who need to make money in order to live. Memory of reincarnation has taught me that in the long run it does not do anything for anyone and as the world heads closer to annihilation by war mongering countries the prophecies concerning how 666 is destroying the world are being fulfilled.

Modern Financial Advising

Admitting It Is The First Step

Like with any significant self-improvement, determining whether or not you need assistance is the key to financial success. Unless you are a natural at portfolio management, you probably could benefit from the help of an expert. Deciding to allow someone to help create your monetary triumph is crucial. There is no shame in needing their expertise, especially when it has become so easy to do so affordably. Many modern companies have significantly lower minimum account requirements than previously held by traditional firms. Financial advisors have never been more accessible to new investors.

Decide to Invest

According to a seasoned financial advisor, the heart of financial planning can be summed up pretty simply: “You either have a plan, or you don’t.” Those without a specific approach often fail. After recruiting assistance, dedication to investment is crucial. Realize that attention to the status of your current portfolio is an investment into the status of your future portfolio. Decide that you are going to take a guided, methodical path to a more comfortable financial end. Sporadic, overly passive investment approaches are common pitfalls of individual investors who fail when attempting to go it alone. A solid strategist will encourage your desires by motivating you to remain dedicated to your plan. Remember-the sooner you begin planning, the longer your plan has to succeed.

Focus On The Future; Be Aware of The Present

The end goal of investment is the future increase. Trends in finance are constantly changing. A financial advisor can be of great assistance in this area, being more knowledgeable of these changes in a way that will increase the probability of multiplying your returns. Vigilant monitoring of the current climate is vital. Be sure that you have enlisted the assistance of someone who is dedicated to such surveillance. While your strategy might not necessarily always be comfortable, keep in mind that your future will be.

Great Banks Bring Comfort

Customer Service

When it comes to banks, customer service is key. You want to choose a facility that has short wait times when you are standing in line. Efficient and helpful associates help you place money in the appropriate accounts for maximum benefit.

If you are opening an account for the first time, choose a branch that has lots of friendly people who are willing to work with you to choose the right account for your needs. You want to compare checking, savings, and other accounts side by side with an associate who will have patience while explaining the differences to you.

Options

You don’t just want to throw your funds into any account and walk away. You want options to maximize your benefit. Choose checking accounts with a low minimum balance and a decent interest rate, or savings that allow you to transfer money from other accounts on a monthly basis. Banks that offer you many different options for housing your money are the most likely to be able to meet your personal needs.

Safety

All banks are insured, so you don’t have to worry about your funds. Choose facilities that have security cameras in their parking lots, and well-lit ATMs for after-hours withdrawals and deposits. Check the building to make sure that safes are out of sight, and that employees work behind safety glass for their protection. The more measures in security a financial institution makes, the more secure you know your funds are.

Hours

Many banks have weekend or extended hours, so you don’t have to take time off work to access your money. You can also take advantage of online banking, so you can check your funds during closed hours. Choose an institution that is open on Saturdays or has late Friday hours so you can talk to a representative whenever you want. The more flexible a banking facility is, the more convenient they are for you to use on your own time.

Credit Union Branch

Some Dos and Don’ts to think about

Don’t try to out do your competitors in your high-tech savviness. While it is positive to take the lead in the war of the high-tech toys, it’s important to not take the approach of technology for technology’s sake.

How about providing free Wi-Fi to members that allows them to continue using their own personal devices. Or, instead of providing magazines and newspapers to members while they wait for an appointment, provide an iPad for browsing.

Many members are not comfortable with discussing their finances in an open space. Integrate private offices into the new branch design, creating a comfortable environment for member engagement.

Think about integrating a video wall into the new branch design. This video wall will showcase dynamic motion graphic content ranging from brand-building messages, to local scenery, to current campaign promotions.

An informal community meeting space would be a positive addition to the high touch design.

The goal of the high tech, high touch branch is to simplify the customer experience and allow time for staff and the members to really connect. The new technological features will allow staff to spend additional time finding solutions to meet member financial requirements.

As you consider the new branch design, it is important that you become a true financial partner to your member. Make sure to transform the branch from just a servicing environment to a consultative atmosphere where you can collaborate with the members to determine their needs and recommend financial solutions.

The core functions of the credit union of the future is about anticipating the member’s needs and presenting simple and targeted promotions using traditional and digital solutions. Combining technology, innovation and the human touch will play a key role in the branch of tomorrow.

What does the branch of tomorrow look like? It would be open and accessible to all, combining virtual sales and promotion into one space. It would be staffed with employees that could guide the member to smart financial decisions while making their banking entertaining and captivating.

Most importantly, when creating that high-tech, high touch branch, I have learned that it is the employees that make the difference, not the technology.

Mortgage Finance

Mortgage – Definition

It is a legal agreement that conveys the conditional right of ownership of an asset or property by its owner (the mortgagor) to a lender (the mortgagee) as security for a loan with the condition that the conveyance of the title becomes void upon the repayment of the debt.

Are Mortgages Legally Enforceable?

Yes, they are. In order to be legally enforceable, the mortgage must be for a defined period, and the mortgagor must have the right of redemption on payment of the debt or on before the end of that term.

Why is Mortgage Finance Common?

Here is a list of why it is the most common type of debt instruments:

>> They have a lower rate of interest (because the loan is secured);

>> They are straight forward and have standard procedures; and

>> They have a reasonably long repayment period.

What is a Security Document?

The document by which the agreement is effected is called a “Mortgage Bill of Sale” or simply just a “mortgage.”

What are the Common Mortgage Finance Types?

Real Estate Mortgage – Virtually any legally owned property can be mortgaged, although real property (land and buildings) are the most common.

Chattel Mortgage – When personal property (appliances, cars, jewellery, etc.) is mortgaged, it is called a chattel mortgage.

Second Mortgage – There are situations where it is possible to obtain finance when there is already an existing mortgage associated with the property. It is not unusual for real estate laws to require that the holder of the first mortgage agree to the creation of a second mortgage.

Who has the Right of Possession?

For real property, vehicles, and equipment, etc., the right of possession and use of the mortgaged item normally remains with the mortgagor. But, the mortgagee has the right to take possession at any time to protect his/her security interest.

What Happens in the Event of a Default?

In the event of a default, the mortgagee can:

>> Appoint a receiver to manage the property (if it is a business property), or

>> Obtain a foreclosure for a court to take possession and sell the property.

Identify Grant Writer Red Flags

A quick general way to determine if a website is likely to be from a grant scammer are in the words and text used. If the website contains any of the following phrases it is highly likely it is from a grant scamming source.

• Free Government Money
• Pre-approved for grant funding
• Money for all kinds of businesses and purposes.
• Fix-up your house
• Buy property

Grant scammers are more likely to be sales people only rather than a certified grant writer. They are more likely to make the first contact to a first time client by phone. It is common for professional grant writers to place advertisements and wait for potential clients to contact them. Scammers are more aggressive and will often make the initial contact to the potential client.

Scammers are likely to charge an inflated fee for their services. Some scammers will continue to add charges for extraneous reasons. If the grant writer asks for additional fees to pay off your taxes, parking tickets, or other personal items, they are almost certain a grant scammer.

The fees to write a grant and research for funding opportunities should be based on an hourly rate, or a flat fee which has some basis in an hourly rate. Most grants proposal or applications require about 50 hours of time or less to complete.

Scammers are not members of a professional association. Professional associations will monitor their members and will discipline or discontinue the membership of anyone not following the professional ethics and standards. Check out the suspected scammer’s name with a professional association.

Some Ways to Save Money

You will be surprised to see simple changes to your lifestyle make a big difference to your finances. Well, here is the plan;

  • Eat at home instead of eating out. If you buy lunch every day, start taking it from home.
  • Make your own coffee instead of buying Starbucks daily.
  • Buy the groceries in bulk as this will help you save money. Do not indulge in impulsive shopping. Carry a list while shopping for groceries. Shop once a week and never when you are hungry.
  • Save electricity by switching off lights, fans and TV.
  • Restrict your credit card use.
  • Rent a movie instead of going to the theater.
  • Discounts, rebates, coupons. Use them all and save plenty of money.
  • Use carpool and try walking to the office or the grocery chain if it is within two blocks from where you stay. You will save on money and gain in health.
  • Consolidate your debt and pay it off as early as possible. You can also transfer the debt to a new credit card. Interest free balance transfers are a good way to get rid of debt effectively.
  • Get rid of expensive membership fees. If you are paying for the gym that you hardly use, stop. Go for a walk in the park instead. You may also be able to make new friends.
  • Try and do things yourself. Wash your car, manicure your lawn and paint the house. You not just save money but also get fit as you are getting rid of your sedentary lifestyle.

Handle Finances With Care

Financial advisors suggest all individuals follow these six basic key principles for financial planning.

• Analyse your current financial status: To be able to plan for future you should first be very confident about your current financial position. Make a checklist of all the assets and liabilities and your income and expenditure. Having this information at hand, you would be in a clear position to understand how you can achieve your financial goals. Your total financial worth would help you to determine the ways to accomplish your set goals, which include paying for your children’s education, buying a new property or being ready for any financial emergency like the loss of a job.

• Chalk out your financial goals: In order to accumulate wealth, a lot of planning has to be done in order to achieve the desired goals. Setting goals would give you an urge to go ahead to achieve it. Your list of financial goals should be very specific, which would show that they are crystal clear in your mind.

• Plan for alternatives: You cannot expect your planning to go as per your wish, so you should always have a plan B at hand. After listing down your goals you plan for alternatives as well.

• Analyse the alternative options: You should ponder upon the feasibility of the alternative ways taking into account your social, personal and economic condition at present. The liquidity of your assets also matters in this regard.

• Creation and execution of your financial plan of action: Once you have planned about your alternative options and have analysed its feasibility, it is time for you to put these plans into action.

Disciplined Trading

Methodology

The 1st step is to find a systematic rule-based approach to trading the markets that has been proven to work, either by computerised backtests or manual testing. This is extremely important because without a validated strategy you will not be able to build confidence in it and will likely just end up losing money and increasing stress.

Make sure you stay away from strategies that do not have clearly defined rules you can program into a computer, the rules should be simple and not require interpretation otherwise the results will be inconsistent. This step must be completed properly, if you do not then the string of losses you will likely experience will make it very difficult to continue following the strategy and you’ll either stop trading or jump to the next strategy and repeat the losing process.

Confidence

The 2nd step is to gain confidence with the strategy by understanding how it works, why does it make money? Really understand the backtest results, know the type of markets it works in best, then either paper-trade it or trade it with a small position size for a while to get a feel for how it behaves.

This process can take some time so don’t rush it. Also, don’t assume you can trade it just because you know the rules and have read the backtest report; there is a large difference between knowing something and doing it, so while you may think you can handle the performance characteristics of the system it can be an entirely different scenario once you’re risking your own money with it.

Discipline

The 3rd step is to gain discipline by following the strategy religiously. This is very important because not following the rules will erode your confidence and invalidate the results.

Make sure you resist the temptation to constantly ‘tweak’ the strategy rules, especially based on the results of a small number of trades. All strategies have winning periods and losing periods and the results are not defined by any one trade, rather you need to apply the strategy over a large number of trades to let the edge work in your favour.

ATM Safety

Protect your ATM card as if it were cash. Report lost or stolen cards immediately.

Safeguard your Personal Identification Number (PIN). Don’t give your number to anyone; don’t write your PIN on your card, avoid using numbers that are easily identified (birth date, etc.).

Try to use ATMs with which you are familiar. Choose well-lit, well-placed ATMs where you feel comfortable. If you need to use an ATM late at night, ask a friend to accompany you.

Before approaching the ATM, scan the surrounding area. Avoid the ATM altogether if it is too dark to see, isolated or looks unsafe. If there are bystanders loitering in the area, go to another machine or come back later.

Be prepared to conduct your business as soon as you reach the machine. Have your ATM card ready in your hand. Do not dig through a purse, bag or wallet in front of an ATM or while you are in line. Secure your money immediately after the transaction. Count your money later, not at the ATM.

Use your body to shield the screen and keypad before entering your PIN. Make sure other individuals in line stay a reasonable distance from you while you’re performing your transaction.

Do not allow anyone to distract you while you are at the ATM. Be cautious if strangers approach you or try talking to you – even if your card is stuck or you’re having trouble with your transaction. If someone takes interest in your transaction, leave the area and report the suspicious behavior to the police.

Never leave your receipt in the ATM. Discarded ATM receipts are a primary source of identity theft and account fraud. Shred receipts before discarding them.

If you are using the ATM at night make sure there is nothing compromising your personal safety like overgrown bushes or poor lighting.

Be wary of an ATM scam called “skimming, where thieves attach electronic devices to the ATM that are designed to capture your card information and PIN. If an ATM card reader appears unusual compared to other ATMs, use another ATM.