Thursday, May 31, 2007

How To Create Wealth

What is your wealth quotient? And, when do you know you have achieved "wealth?"

For the purposes of this article, wealth is defined as an income level derived from passive sources that allows you to live without depending on a job. Passive sources are any income source that throws off a positive cash flow, that you can bank or spend. For example, the cash left over from a rental property after all expenses are paid, is passive income. Likewise, interest from a certificate of deposit, or dividends from stock investments, are examples of passive income. With this definition in mind, the key to creating wealth is to figure out how to create and build passive income sources. To measure my progress in this area, I use a simple formula:

Passive income divided by your total living expenses = wealth quotient

Consider this example: If you had $1,200 per month in passive income from a real estate investment and your cash savings account, and $4,500 in monthly expenses to survive (house payment, household expenses, etc), your wealth quotient equals:

1,200/4,500 = .26

The ideal is to achieve a quotient of 1 or greater. The number .26 represents approximately one quarter of your desired quotient of 1 or greater. Change the numbers and watch what happens:

3,000/4,500 = .66

4,500/4,500 = 1

6,000/4,500 = 1.33

The key to long term financial success is to build passive income, and free yourself from the need to work or "earn" a living. In my opinion, when your wealth quotient reaches 1, you have achieved wealth. The rest is simply a matter of how much margin for safety and extra luxuries you wish to obtain.

Keep in mind that passive and portfolio income is typically earned from fully insured and maintained real estate that provides a positive cash flow, bonds and savings, dividends from Blue Chip stocks, and royalties from books, patents, and music you may own the rights to, and resudual income from a home-based business such as the one at

These rights to intellectual property, combined with the equity in real estate owned and various certificates of deposit, stocks, and bonds compsrises what is known as you capital base. As your capital base grows, you are able to generate greater amounts of passive and portfolio income (PPI). When your PPI exceeds your basic living expenses, you have achieved a level of wealth that enables you to make riskier investments in the pursuit of higher yields and return on investment (ROI).

The key here, which is a lesson I learned from both "The Richest Man in Babylon" and the school of hardknocks, is not to erode your capital base by making risky investments or spending the money that makes up the foundation to your wealth building aspirations. As my rough sketches illustrate, you should use only the proceeds above and beyond your basic living expenses (derived from your capital base) to make wealth building investments and/or purchase the goodies in life. If you violate this rule and consistently dip into your capital, you will need to keep your day job to feed your consumption habits.

I am not in any way advocating a spartan lifestyle—after all, the pursuit of wealth is only worthwhile if you are allowed to enjoy a higher quality of life for yourself and your family. The basic tenet of this report is that you should carefully manage your money to ensure your investment and wealth building goals are heading in the right direction. In the short term this may mean cutting back on the niceties, but the rewards later on will allow you to enjoy the good things in life above and beyond the norm. Robert Allen makes this point perfectly clear in his book, "Nothing Down," where he compares your pursuit of wealth to a rocket ship leaving earth towards space.

In the early stages, just after liftoff, your progress is slow and awkward, but as you gain experience and continue to build your capital base, your rocketship gains speed until it begins to break free of the earth's gravitational pull. Allen's analogy is a great lesson in wealth building and is well worth reading.

Again, this concept is vitally important to your acquisition of wealth. Follow the steps of creating multiple streams of income that ideally throw off positive cashflow to your hip pocket with minimal effort. These streams of income typically should come from interest from savings accounts, dividends from bond and stock investments, royalties from intellectual properties (copyrights, patents, and trademarks), rental income from real estate owned, and residual income from a home-based business. Use this positve cashflow to offset your living expenses, then use the excess (income above and beyond your living expenses) to feed your investment activities.

To learn more about creating wealth, visit my Creating Wealth Today website at

When your wealth quotient exceeds 1, you have achieved a moderate level of wealth. It's up to you how big you want to grow this number—after all, it's your wealth quotient.

Wednesday, May 30, 2007

Importance of APR

But be warned that the lowest APR is not necessarily the best way to compare credit cards. A credit card with a lower APR might have the following hidden costs:

1. annual fees,

2. charge you an application fee for taking out your credit card,

3. have a low introductory rate but on expiry of same will revert to a much higher rate than its rivals,

4. charge you for withdrawing monies from a cash withdrawal dispenser,

5. have higher charges for missed payments

6. other ways to make up the difference between their headline rate and the actual rate they should be charging.

The introduction of the APR in annual terms was created to bring uniformity to credit card comparisons. Previously credit card companies could advertise their interest rates monthly, yearly or in any other manner they saw fit. In order to calculate your monthly payment you multiply the amount borrowed by the APR and divide by twelve e.g. £400 (amount borrowed) and multiplied by the APR (say 15.4%) and divided by 12 (months in a year) = £5.13.

However, it is likely that you will purchase further goods/services on credit and consequently increase your outstanding balance. You might only make the minimum payment requested or you might clear a larger chunk of your debt. Whichever way you choose to repay, you will find that you will be paying interest not only on interest charges but annual fees or fees for missed payments as well (always check the terms and conditions of your credit card). So the way you use your account will be different to how everyone else uses theirs e.g. if you hardly ever have a balance outstanding on your credit card you might, for instance, be better off with a 8% APR than one with a 6.5% but which has an annual membership fee of £20. Therefore the APR calculation as shown above will help you compare the cost of borrowing against another card with a different APR.

To sum up, always compare the terms and conditions imposed by the credit card companies before applying for their credit card/s. This will also be another factor in deciding which card to apply for rather than just being influenced by a catchy headline APR.

Tuesday, May 29, 2007

There Are Free Debt Counseling Services That Can Help You

Debt can be a good thing at times until it gets out of control when this happens there are free debt counseling services that can help you get control of your spending and start coming back to a life without debt stress. Without debt many of us wouldn't be able to make large purchases such as a house or a car, so when it is handled with care it can become a good thing.

Each service will offer its own perks to get your business and each of them will handle your account a little differently. Some services will be very hands on and will have you deposit one monthly payment into a trust account. When your bills are due the trust company pays your bills for you. This is good in the way that all you have to worry about is one payment and they take care of the rest for you. They will also phone your creditors and get your payments and interest lowered but this type of service is usually reserved for those that are in serious trouble.

Another free program will use the same type of management by getting your payments and interest lowered but usually again it's a last resort. They will monitor the income going out and coming into your home and look at your overall financial situation. Then they will help you put together a budget that and give you some really good advice. Their main goal is to correct the problem.

The last type of free services is non-profit services. This is usually offered to those of you who need charity. They will help you in creating a budget and will work for your unique situation. You will find most of these services run by a church or other non-profit establishments. They will not contact your creditors for you, but will help by giving advice on how you should proceed.

Saturday, May 26, 2007

Faxless Cash Advance - No Paperwork Required

When you are in a bind and have an urgent cash requirement, you wouldn't think about going through a lot of paperwork to get a loan. A faxless cash advance cuts short the need to fax any document when you apply for a payday loan. This is made possible with the help of Internet technology that allows you to apply online directly from your computer and fill-in an application form with all details required.

Getting a loan from a faxless cash advance company or lender saves time and hassle as you do not need to go to a local loan shop. Gone are the days when people would have to make a trip and stand in a waiting line of a loan shop. Another advantage of online cash advances is that you can apply any time anywhere so long as you have an Internet connection. With cash advance lenders in over 36 states in the United State today it is becoming easier to resolve your financial emergencies without involving your friends or relatives.

How Much Can You Borrow?

Depending on the lenders, the amounts for cash advances are varied between $100 and $1000 or even up to $1500. The amounts should be sufficient to cover up your temporary expenses such as a car repair, an overdue medical bill, a school fee, etc. In fact, the loans are designed to help people overcome their short-term financial needs which, for some reasons, could not be tackled by your regular income.

About the Repayment

When you fill-in the application form you specify what date you will receive your next pay. The date is then used as the basis for the repayment date to ensure that you have sufficient funds to pay back the loan. Repayment may be organized in one lump sum or partial payment. With online cash advance you normally have to authorize the lender to deduct the money directly out of your bank account.

Compare before You Apply

When searching for a cash advance lender, make sure that you read all requirements and charges. You want to go over all the details as each lender charges different rates and fees. A dollar difference may make a huge difference when you apply for a bigger amount. A good lender usually displays all the details clearly on the front page and they are also accessible via phone so you can talk to them directly to cross-check.

Friday, May 25, 2007

The Ultimate Credit Repair Tutorial

A credit repair tutorial of which there are numerous ones to be found on the internet will provide a person with a simple step by step guide on how they can improve their credit score. Plus there are other tutorials that provide ways of actually repairing your credit report. These tutorials are specifically designed for those people who have bad credit history rather than no credit history at all.

One of the first tutorials that a person will use when it comes to credit repair is the one regarding how to obtain a free credit report. In the US now people are entitled to obtain a copy of their credit report from any one or all of the credit reporting agencies based there. The main three agencies that a person will need to contact is TransUnion, Equifax or Experian. In any good tutorial they will provide you with contact details for each of the agencies in question. Normally they will contain the agencies phone number and any email or addresses that you will need to use in order to contact them.

Then the next tutorial will describe to the person that once they have received the report they should sit down a read through it thoroughly. By doing this they can see if their are errors or inaccuracies within it. It will also show if you have actually been a victim of identity theft which is becoming ever more common in the society we live in today. Certainly if you were to look at the news on one given day you will normally see something with regard to identity theft certainly only recently T K Maxx were in the news because thousands of their customers had their card details taken through the use of the chip and pin machines in their stores when purchasing goods.

Then once you have found any errors or inaccuracies within your report the next credit repair tutorial will take you through the steps of how you will need to make a claim. The most common way used today for making a claim against anything untoward on a person's credit report is by writing to the credit reporting agency and the creditor directly enclosing documentation that can substantiate the claim being made.

As previously mentioned there are plenty of sites which offer credit repair tutorials and many of these are completely free to use. So if you are in a situation with regard to your finances then why not search out a few sites and see what they can offer you.

Thursday, May 24, 2007

Encourage Your Customers To Pay On Time - And How To Recover The Debt If They Don't

Whatever sort of business you run, it can be difficult to ensure that your customers pay their bills on time. After all, late payment of debt can cause crucial cashflow problems and non-payment of debt has the potential to effectively cripple your business. But how can you make sure that your customers pay their debts on time? And, if they continue to renege on their payments, how can you go about recovering the debt?

To begin with, it's important to set out clear terms and conditions for your customers to adhere to when they're making their payments. For instance, offering discounts on early payments - and making customers aware of the consequences of non-payment - will definitely encourage bills to be paid on time. On the other hand, charging customers a fee on late payments is sure to encourage your clients to by the agreed deadline. Legally, if your customer fails to pay their bills within 30 days of being invoiced, the amount of interest you'll be able to charge interest daily at the Bank of England base rate plus eight per cent.

Additionally, you'll also be able to claim debt recovery costs when adding interest onto any overdue payments. Your customer is legally entitled to pay you rates of £40 for debts of under £1000, £70 for debts ranging between £1001 and £10,000 and £100 for late payments exceeding £10,000. However, if you choose to claim debt recovery costs, it's vital to let your customers with unpaid bills know in writing than you plan to implement these extra charges.

While these efforts usually provide results in obtaining your payments on time, some customers repeatedly ignore reminders to settle their bills with your business. In this case, the best course to take is usually to employ a debt recovery agency to claim any overdue payments that are owed to you. Debt recovery agencies can offer a lot of advantages when it comes to collecting debts for you.

Firstly, debt recovery agencies have the time, expertise and specialist industry knowledge that are needed to effectively recover any debts that are outstanding to you - so you can concentrate on the everyday running of your business. Often, the agency will also be able to instruct solicitors on your behalf if the customer still doesn't make their payment. Handing over these responsibilities to an external debt recovery agent will leave you free to tend to the everyday running of your business.

Ultimately, if you decide to opt for a debt recovering agency in order to collect any payments owed to you, it's essential to check whether the agency is registered with the Credit Services Association by referring to the CSA's website Choosing a reputable debt recovery agency, like Capquest for example, will ensure that you won't be associated with any questionable practices and will guarantee the fast recovery of your debts.

Tuesday, May 22, 2007

Rich Success – How to Turbo-Charge Your Profits

Money is one of the biggest concerns for most people. Learn to master money and that success can transfer over to every other part of your life if you let it. As you already know mastering money is not easy but it can be made simple with some little-known techniques.

The techniques I am going to reveal here have been responsible for literally millions of dollars being created and even billions of dollars, as mentors such as Jim Rogers have taught me.

Jim Rogers is one of the greatest commodities traders in history. By my estimates he has made well over $1 billion trading commodities. Learning some valuable lessons from Jim allowed me to turbo-charge my profits.

FOLLOW THE MONEY: You can earn large amounts of profits by first letting the wealthy use their money to search for opportunities and then jumping on board. Find out where the big money is investing and get in. This is sometimes referred to as following the trend.

You can literally make tens of thousands of dollars doing this. The trend is your friend is a phrased used often by me and other successful traders.

KNOW WHEN TO GO: You must be careful to recognize when the trend has ended. Amateur traders often get in when it is too late because the trend has ended. Another challenge is they get in a trade and stay too long.

Unless the market is already trending down there really is no way to know if it is too late however you can limit your exposure to risk. Use a tool called a STOP LOSS. This does exactly what it implies, it stops your loss.

This tool should be used on every trade every time. This tool also keeps you from staying too long in a trade. It is easy to use. At the time you place your trade also place your stop loss meaning where you want to exit a trade if it does not continue to go in your favor.

BONUS TIP: As you make profits cancel your old stop loss and enter a new one so that it locks in a certain amount of profits. As you continue to make money keep moving your stop loss to lock in more and more profits.

USE LEVERAGE: You must learn how to effectively use your money. Most people use their money on a 1:1 basis. A few people know how to use their money on a 1:2 basis. The great traders use their money on a 1:10 or even a 1:20 basis. This means that for every $1 they invest they control $20.

For example, if you invest $1,000 do so to control $20,000. This is leverage at work. Your risk has not been enhanced because as previously discussed you will use a STOP LOSS.

Now let us take a look at a market to apply these techniques. Since 2001 Gold has been in an uptrend. Will it end soon? Who knows for sure but the analysts tell us that it will not end anytime before the end of the decade.

If you had invested $1000 in Gold in 2001 you would have $40,000 at the time of this writing. In six years you would have earned 40 times your investment!

This is just one market. There are many, many other markets where these techniques can be applied.

Crude oil, of which gasoline is made from, is also in an uptrend. If you had invested $2,000 in crude oil at the end of 2003 as of this writing you would have $30,000. In four years you would have earned 15 times your investment.

The good news is if you invest correctly there is still plenty of money to be made.

Learn how I made profits of $52,000 using just 40 hours of my time by visiting

Monday, May 21, 2007

Money And Income Verses Wealth And Net Worth

Money And Income

Money is nothing more than a medium of exchange or means of making payment. It can also be a method by which we measure the market value of goods and services or the time we spend at work. In the United States, money is denominated in dollars; in Britain, money is denominated in pounds; and in Japan, it is denominated in yen.

Money is how people pay for the things that they want. Americans pay for the things they want with the money they have in their wallets, the dollar balances they have in their bank checking accounts, or with their credit cards. In the United States, income is measured in dollars. For example, you might have an income of $30,000. However, your income is not the same as money or vice versa. At any point in time, you may have a few dollars in your pocket and several hundred dollars in your checking account. Obviously, the money you have at any point in time is not equal to your income. Income is how much you earn from your work and what you have invested.

Wealth and Net Worth

Wealth and Net Worth are often used to mean the same thing. Net worth is the market value of your assets minus your debts. If you own a house, car, and household furniture worth $150,000 but you have outstanding debt in excess of $110,000, then your net worth is $40,000. When we use the term wealth, we mean net worth. The true meaning of wealth is not calculated by your total asset value, it is and will always be calculated by your assets minus your debts, thus being net worth.

How wealth is achieved

Great wealth is possible in America. All that most Americans need to do is exploit the income opportunities that is available to them and then control their expenditures.

Creating Wealth Tips And Income Opportunities.

Sunday, May 20, 2007

Turn Tat Into Treasure

Do you ever look at some of the furniture that people are selling at yard sales, and think to yourself, "That would have looked so much better if they hadn't painted it that horrid colour"? Well, you are probably right. Not only would it look better, it would also be worth a lot more money, too! With a little bit of hard work, and some tender loving care, you could return that brightly painted chest of drawers to its original wood, and make it far more saleable. There really is no limit to what you can renovate. There are plenty of varnish, and paint strippers on the market nowadays. If you think that painting one of these products over the furniture, waiting a few hours, and then scraping the paint off takes too long; you could invest in an electric paint stripper and have it done in a fraction of the time. After you have revealed the original wood, you can either leave it stripped, or paint a coat of varnish over it. Either way, you can sell it for more than you paid, and you will have just recovered your initial small outlay, and made yourself a nice little profit.

The craze for 'customising' furniture has meant that there is a lot of furniture out there that has been butchered with brightly-coloured paints, transfer, stencils and every other technique that people have seen on the do-it-yourself programs. They are certainly to blame for a lot of hideous creations! However, you can thank them that they did encourage people to paint over their furniture, because you can now make a profit from it. You may even find that there is a valuable piece of oak furniture hiding beneath that pale lilac marble effect. You could find that you are able to sell it at an auction for a lot more than you originally paid for it at the thrift shop.

There are a lot of places where you can pick up cheap pieces of furniture - yard sales, thrift stores, the classified section of your local paper, online auction site and many more places besides. You may even be able to rescue some from being trashed. The owners will be more than happy to accept a couple of bucks for the table that they have left out for the garbage man to take away.

Whether you leave the wood in its original state without varnish, or add a coat of clear wood varnish, is up to you. Some people will still want to have the bare wood that they can then add a coat of wood stain, and varnish too. It might be worth keeping them stripped, and then asking potential buyers if they would like you to varnish it for them; for an additional fee of course! Natural wood is far too beautiful to be painted with bright, gaudy colours. You can help restore that beauty, and make yourself some money in the process too. All you need to get started is a few bucks to pick up your first piece, and paint remover, and you are on your way!

Saturday, May 19, 2007

Making Good Debt Decisions

Debt is no stranger to most Americans. Credit is becoming easier to obtain and people are charging well beyond their means and at interest rates reaching 20% or more. While "debt" is a scary word that usually is seen in a negative light, not all debt is bad. You can actually make intelligent decisions and use debt as a vehicle for building personal wealth.

Being intelligent with money and making good choices means you need to understand the difference between good debt and bad debt. Consider purchases "bad" that immediately lose their value as soon as you purchase it, or a purchase that has no potential to increase in value. Those are bad debts!

There are many times when it's almost impossible to avoid bad debt completely. For example, if you need a new vehicle, you may need to obtain financing. A car loan is actually considered a bad debt, because once you drive it off the show room floor, it loses some of it's value; and the car will continue to lose value every day that you drive it. If you're unable to pay cash for a car, then you have little other options when it comes time to get another vehicle.

What about credit cards and store credit? Plastic money can be extremely tempting, with promotional offers for low or no interest repayment options and the ability to make smaller payments on a larger purchase when the money is tight. If used widely, many credit cards can actually help people leverage their spending power and their wealth. Unfortunately, most people aren't always able to pay off their credit card balance in full each month, and the resulting interest charges from carrying a balance from one month to the next are often quite staggering.

For people who fall for the store credit promotional offers- the ability to save 10, 15 or even 20% off the current day's order is tempting enough for most people to open a new store credit account. The problem with store credit offers and discounts like these is that if you miss a payment or carry the balance to the following month, often the interest rate is charged at a higher rate than the amount of money you will save on the purchase.

While most people can understand the downfalls of bad debt, many may be confused to learn that there is actually debt that is considered "good". Any debt that is actually an "investment debt" and has the potential to create value is considered a good use of your debt. For example, real estate loans are usually good debts because the land and/or building can increase in value. Student loans are considered good debt because you are investing in the probability of obtaining a higher paid job once you graduate college.

Other debt that is considered a good choice is debts that are tax-deductible and have the potential to generate wealth over the long term. If you use a tax-deductible, home equity loan with a fixed, 6 or 7% interest in order to pay for a high interest credit card, your new debt is a good choice.

Unless you are independently wealthy, it's almost impossible to avoid all types of financing and debt throughout your lifetime. In order to keep it under control however, you should limit the amount of "bad" debts you acquire and try to maximize your debt by financing your purchases with as much "good" debt as possible.

Friday, May 18, 2007

Payday Cash Advances

Many people who depend on their paycheck to pay the measures and for other shopping might confront a desperate state of affairs if an unexpected emergency harvests up in the center of the calendar month when payday a long manner away. Such people can choose for cash advance on their wage from banks or private cash advance companies. Medical emergencies and higher than expected measures are a few grounds as to why a individual might choose for a payday cash advance.

Cash advances are made to people based on a credit card or a payday check. A payday check advance can be obtained only if the individual is an grownup and have a steady income of at least $1000. The employee will have got to supply the lender with a post-dated check containing the amount covering both the interest and the principle.

Payday cash advances come up with high interest rates. The individual must be ready to pay the required amount, the rule along with interest, by the adjacent payday without fail. This volition guarantee that the advance will not be rolled over with a huge interest rate.

People prefer to take payday cash advances in small amounts because of the high interest rates and also because smaller amounts can be repaid without any problems from the adjacent paycheck.

Lenders who supply payday cash advance make not usually make a credit check on the borrower. Also, a few inside information can be provided online and the amount will be transferred electronically after the inside information have got been verified. This procedure will also work if the lender can directly get the amount from the borrower’s nest egg account on the adjacent payday. Another option is the station dated check to be deposited a twenty-four hours before the borrower’s payday. The station dated check an also be faxed to the borrower at the clip of applying for the loan.

It is not advised to take frequent cash advances as this mightiness consequence in the individual finally ending up paying a batch to the lender in word form of interest. There are a few options to cash advances, such as as loans from friends or relations or an overdraft installation in a checking account and it is suggested to travel through them before opting for this sort of loan.

What You MUST Have to be a Millionaire

Do very rich people have anything in common? On the face of it, they appear to be highly individual and driven people but, on closer inspection, they are not as individual as they seem. Apparently, there are 30 essential attributes millionaires tend to have, according to what I have discovered from close analysis of the biographies from the last five years of the Times Rich List, a riveting narrative of the social, upwardly mobile and affluent trends in the UK. It seems there are some crucial traits they all share in different combinations but which, in general, affect every millionaire in one form or another. Overall, there are eight essential personal attributes, eight social ones, seven emotional ones, which dictate perception and how the goals are realised, and seven physical ones.

Topping all four lists is strong self-belief and confidence. Most millionaires seem to be abundantly endowed with these twin drivers of individual motivation. They are the most important pre-requisites for success because you need to believe in your dream and have the confidence and fearlessness to follow that dream and bring it to life, regardless of the setbacks you are bound to encounter. Without confidence and self-belief, you'll always be be changing with the wind and going by what other people say, instead of following your own heart. In fact, you would not be able to trust your own instincts or have the faith in your own judgements.

The Need for Approval

Second, you need full acceptance of yourself. Otherwise you will be seeking constant approval for your actions and are likely to be afraid of taking decisions. Not fully accepting who you are, without a firm identity, robs you of the confidence in your own ability to excel. I suppose that explains why women like me are seldom millionaires because we obviously spend too much time doing our make up, staring at ourselves in the mirror wishing we had a better figure, worrying about our boobs and whether our bums look big in this and that, instead of making decisions and pushing our dreams to fruition!

Third, you also have to be an independent thinker, highly self-motivated, with a fearless approach to life. It doesn't mean being reckless or selfish but to be prepared to take risks and back your convictions. Overall, the two things that come across with these personal attributes are an independent spirit and total confidence. Without them, you will remain on the starting block, rearing to go but never taking off; wishing and hoping, but not really doing. And the other 24 attributes? I bet you are dying to know about them.

If you are thinking of starting a successful business, or dreaming of making a lot of money, do YOU have what it takes to be a millionaire? Find out today. Knowledge is power.

Thursday, May 17, 2007

Cash Advance Applications

Many companies offer the option of applying for a cash advance online. The website provides an application that can either be downloaded or filled out online, usually the latter, which sends the data in it for verification.

The customer needs to provide basic personal details along with employment details in the application. The same application can also be used to provide the bank details to the company. All these need to checked before the application is approved for the required amount of cash advance.

In the event the application seems to be very vague or complicated, the company can be contacted through phone numbers provided on their website. An alternative to this is visiting a cash advance company in person and filling out the form there after getting to know the exact procedure.

All the details provided in these applications are confidential. Even the details relating to the applicant's bank that are provided online are supposed to be confidential. However, take a few minutes before filling in the form to find out all the services being provided by that company.

Cash advance companies usually have different applications for different kinds of cash advances. Many types of cash advance services are being provided by companies currently, such as quick cash advances, overnight cash advance, and instant cash advances. It is a good option to select the kind of cash advance that would meet the requisite needs as well as the amount and if there are currently any offers such as no interest if paid before payday. This will provide a little insight on whether the loan can be taken from that company or to look for other options.

Improve You Credit Scores - The Easy Way

The credit score of an individual plays an important role in determining his/her eligibility for a certain type of loan. People While a good credit score makes one easily eligible to seek finances, a negative credit score does just the opposite. Though a majority of lenders are apprehensive of extending loans to people with bad credit scores, this should not dampen the spirits of an individual from seeking loans to meet his/ her necessities. Bankruptcy or a poor credit score is definitely not the end of the road. There are companies that specialize in providing bad credit loans to the customers. Apart from that, with proper knowledge and application over a period of time, an individual can improve his credit score and become a preferred customer for the financing companies yet again.

Firstly, it helps to find out the cause of a low credit score. Figure out if your demands are more than what you can afford, whether you are an extravagant spender, or do you save enough. Reasoning these out will certainly help in finding a way by which you can curb your expenses and have a control on your finances.

Have a good look at your credit report. A credit report is a cumulative report based on the payment history, length of credit history, amounts owed, type of credit and any new credit opted for. Check if there are any errors related to the record of transactions carried out by you. In case of such errors, correspond with your reporting agency and ask for a detailed investigation to fix the problems.

Try to improve your credit scores by paying the bills on time. Clear up the past due bills, if any. Get in touch with your creditors and work out a payment plan that meets the interest of both the parties. Try to minimize your credit card balances and pay off the debts rather than opening new accounts which can in turn lower your credit score. However if you have zero balance unused accounts, do not close them as it might do some good to your overall credit score.

A low credit score holder finds it difficult to qualify for an unsecured credit card or an auto loan. In such a case, a secured credit card is a wiser option. Secured cards give a credit limit that is equal to the amount you have at the issuing bank. Make sure the secured credit card has a reasonable annual fee and also reports your transactions to the major credit bureaus such as Equifax, Experian and Transunion. Your credit score will only improve if your payment details are reported to these credit bureaus. With regular payments one can get the secured credit card upgraded to an unsecured one in a years time. People intending to buy a car can opt for specialized auto loans such as bad credit car loans. These loans charge a higher rate of interest than the general ones but on-time payment of EMIs for a bad credit car loan certainly helps the credit score. Once the score improves, a customer can refinance it with a general car loan that charges a lower rate of interest.

There is nothing to feel downhearted and devastated when you have a low credit score or have run bankrupt. Rather, this should be taken as an opportunity to re-plan your finances in a better way. A wise and strategic approach towards your finances will definitely help you to overcome this temporary phase by improving and building up a good credit score.

Wednesday, May 16, 2007

Online Cash Advances

More and more than people choose for cash advances now than they did in the past to assist wage unexpected disbursals in the center of the month. Usually people who trust on their paychecks would happen such as statuses very rough and would have got no aid until payday.

Many companies supply cash advances based on the applicant's credit card, credit rating, or paycheck. There are a number of companies that deal with cash advances in a number of locations. However, it might look a waste material of clip to stand up in line for a cash advance with the fast development of technologies.

Almost all cash advance companies have got websites that allow the borrower to do a transaction online. When a individual comes in the website, some needed inside information are to be provided that are checked online almost instantly. Once the inside information are verified, the amount will be transferred to the individual’s checking account almost immediately and the individual should be able to have the amount within 24 hours. One advantage would be that these companies make not necessitate credit checks which do the transaction that much faster.

Banks also supply an option of cash advances. The check can be electronically deposited in the bank 1 twenty-four hours before wage to see that the money is repaid in full and makes not revolve over for another month.

It is suggested not to choose for more than than one payday loan per calendar calendar month as this volition be checked by the companies and might adversely impact the person's credit rating. Even if it is not checked this mightiness turn out to be a spot hard to pay off on the adjacent payday.

Is Paying Off Your Mortgage Actually Costing You?

Many Americans still believe that paying off your mortgage is the best thing you can do. After all, it is a guaranteed savings, right? Well, let's take a look at it further.

Right now, there is a new craze in the mortgage industry, one that is being marketed heavily and is being presented as the best solution for you to pay off your mortgage in as little as 7 years. But is this the best thing for you, or could it actually be costing you more money?

Those that offer these programs have different names for them, Money Merge Accounts, Mortgage Accelerator, Homeownership Accelerator, etc. All are designed to take the typical thought process of paying off your mortgage as quickly as possible and "sucking you in" to thinking this is the best solution for you. Also, many reps from United First Financial, and others, have used misleading information in order to further show their product is the only solution, so beware.

Now, these programs are not really bad programs, but they may actually be costing you more money over time. Here is a blog post you can use as a reference to learn more about a direct comparison.

The truth is that paying off your mortgage could actually cost you more money over time, no matter how you go about doing it. The time value of money and the ability to grow your money through compounding interest, instead of paying off straight line interest, allows your mortgage to work for you as an integral part of your overall financial and investment plans. The difference can be into the hundreds of thousands of dollars.

In fact, a family who could easily afford a 15 year mortgage, but decides to use their mortgage as a financial tool instead, could actually pay off their mortgage faster using a 30-year interest-only mortgage instead. What's more impressive is that due to the time value of money, if they decided not to pay off the mortgage as fast as possible, in 30 years they could have accrued enough money to pay off the mortgage and still have nearly $400,000 more money than if they used the 15-year mortgage, paid it off, and then invested every dollar they had originally sent to pay off the mortgage. Please refer to this post for the comparison.

What about those who are not in able to get a 15-year mortgage?

Well, many Americans also have a reasonable amount of equity stored up in their homes, so they could take advantage of other strategies. We could go into great detail about different strategies, but let's just look at this one. You could take out equity from their home and invest the money in a safe, conservative investment that can improve their liquidity, safety, and rate of return.

The example I will use is cashing out $100,000 of equity and investing it at the same rate as your mortgage. For this example, I will use the rates as 7.0% and we assume you are in the 34% tax bracket. As the illustration shows, we will be highlighting the difference between the net cost and net gains of the same $100,000, so the difference is pure profit.

After the first year, the net cumulative cost of your mortgage would be $4,620. In the meantime, the net cumulative growth of your $100,000 would be $7,000, so you would already be ahead by $2,380.

By the 10th year, your net cumulative cost of the mortgage would be $46,200, but your investments would have grown by $96,715, so you would have gained $50,515 on your $100,000 so far.

Tuesday, May 15, 2007

Overnight Cash Advances

Many people travel for a cash advance if they are in desperate need of money. Usually this agency that the money needs to be in manus as soon as possible to pay off unexpected expenses.

Most cash advance companies necessitate the individual to stand up in line for sometime before the application for cash advance is accepted. The confirmation procedure takes some clip and by the clip the company O.K.s and the individual gets the cash in hand, it might be a few years from the day of the month of application.

As mentioned, this waiting might not really assist in lawsuit of emergencies such as as medical emergencies. This necessitates instant arrangement of cash if the state of affairs is serious.

Many companies now have got the option of applying for the cash advance online. These websites can supply instant confirmation of the information provided by the client and the whole procedure would not take more than than a few minutes.

The client can supply the inside information of the bank where the checking account have been opened, along with a photograph Idaho in the application provided in the website. A nothingness check may sometimes need to be faxed along with the photograph ID, but this is not a regular option. Once all the provided information have been verified, the company transfers the finances to the checking account directly through electronic transfer. This guarantees that the money gets credited in the account within 24 hours or overnight. Money can be withdrawn by the adjacent twenty-four hours if the applied online the nighttime before.

Even though nightlong cash advances are easy to get, it s suggested to travel through the company policies to verify the process. Most of these companies charge a large rate of interest. It is better to take this option only when all the others have got been exhausted. Some companies supply free counsel through their websites or by calling the number provided on their websites. It would be a good determination to first talking to them regarding this loan and then make up one's mind on it.

Monday, May 14, 2007

Wealth Management Seminars

When selecting a wealth management seminar, you should look for smaller size classes containing 25 people or less. Topics should include estate planning, financial planning, retirement plans for small businesses and the self-employed, savings and investing for retirement, understanding your 401(k) and employer fiduciary responsibility. Investing in times of trouble and economic market outlook are among other topics that should be covered.

One strategy recently discussed in a wealth management seminar I attended was using the equity in your primary residence as an investment vehicle and asset protection play, however, it is a risky proposition.

Here are the details, you take out a low interest mortgage on your home, you then you invest the proceeds in investments that are protected from creditors. This achieves a few things, first, this keeps creditors from viewing the house as an easy target for legal judgments personally as the home has very little equity due to the mortgage.

And secondly, let's assume you were able to acquire a mortgage at 6% interest. If your investments return 9%, you are ahead 3%. But don't make the mistake of taking out an adjustable rate mortgage because you may find yourself losing equity and investment dollars at the same time.

The largest risk you face cashing out all of the equity in your home is what happens if you lose money in all or most of your investments? What if your investment return doesn't cover the payment on the mortgage and with your creditors decide to take your investments rather than your house? While the cash out mortgage programs are a good deal, you should consider talking to an attorney about the state laws protecting your home and a certified financial planner about ways to boost investments to cover the mortgage payments.

Sunday, May 13, 2007

How to Raise Your Credit Score Fast

There are many different ways to raise your credit score. In my personal experience, and from what I have learned in talking to others, there are many sure fire ways to nearly instantly raise your credit score.

My credit score was hindered by debt for the longest time. When I got married, I wanted to buy a house and start off fresh. I consulted with friends and a few of my creditors and came up with a number of solutions.

One way that I raised my credit score fast was by calling my credit card company and asking for a higher limit. The great part about your credit score is that it isn't about how much debt you have, it's making sure that you have much more credit available than you have in accrued debt. I still owed $1500 on one of my credit cards when I got married, but only had a $2000 limit. When I asked to increase the limit to $5000, I also raised my credit score!

This was helpful to me, but my credit score was still too low. The kind of house I could have bought with my average credit score would have been nowhere near what I had envisioned for my wife and I. It was back to the drawing board, but only for a little while.

One of the best ways that I raised my credit score fast was by making sure that I kept all of my accounts up to date. What I mean to say is that any and all of my credit cards needed to be paid on time if not before the due date. Credit history takes a long time to build, but the sooner you start building it in a positive direction, the sooner you will be seeing a raise in your credit score.

These are just two of the ways that I not only purchased a great starter home, but earned even more love and respect from my wife. As a newly married man, I have had to overcome plenty of obstacles and alterations to my every day life. It's hard to believe that it was just a few simple adjustments to raise my credit score that brought about more stress relief than anything else I have done in the past ten years!

There are so many ways to improve your credit score, but the Credit Secrets Bible gives you the best of the best, and the Fastest ways to raise your credit score. You can Learn more about the Credit Secrets Bible Here.

Saturday, May 12, 2007

Teach Your Children How to Handle Money and Stay Out of Debt

The schools and parents are failing today's children in a very important area - money management and economics. Many of the young people never take a course in Economics. A few take it in college. People are not being taught how to manage their money and how the economy works, and then are unable to teach their own children. This is a cycle that needs to be stopped.

Without a good understanding of economics people will believe whatever the government or the media tell them about why taxes need to be raised, or why we need to impose unfair tariffs, and so on. No matter what you think about Reagan as a president, he was right about his economic policy: let people hold onto more of their money and the taxes collected will actually increase.

If you were old enough in 1980 to remember what was happening, you might remember how the United States was in a terrible period of high inflation (interest to buy a house was in the double digits), low morale, and a weak economy. Remember the term "malaise?" The whole country was described as being in a malaise.

Then Reagan became president and lowered taxes, encouraged us to work hard and invest in IRAs that earned 10% tax free interest, and told us to be proud to be Americans. It worked.

The nation had such a dramatic turnaround economically that Reagan won a landslide in 1984. Even the media couldn't deter people from voting for Reagan. He won 49 states, losing only in Minnesota, which was his opponent's home state.

What does this have to do with money management and economics? For one, it showed how lowering taxes really does increase tax revenue. It showed how if the government lets Americans keep more of their hard-earned money they will invest it wisely and create wealth.

Americans took their money and invested in businesses. That in turn created more jobs for the low and middle classes. Charitable giving increased during the 80s when people gave more to the poor.

So what does this history lesson teach us about handling money? It teaches us that lowering taxes is always a good thing. It teaches us that living within our means is necessary to keep out of debt. And it teaches us that it is good to be generous and help others.

Today we have grown accustomed to paying for everything with credit. We buy our cars, our vacations, and our toys on credit. We even pay for our education on credit. Then each month when the bills come due we struggle to pay the minimum amounts due.

It's not easy to get out from under a lot of debt, but it is possible. It requires a lot of discipline. It might require selling the new sports car or the new 4x4 to get an older vehicle. It might even require selling the house with the super-big mortgage and buying a smaller home that you can better afford.

Selling your home might not be such a bad idea. Sell the home that takes up so much of your income and buy a duplex or fourplex. Then, you rent out all the units but the one that you live in. That way other people are paying your mortgage.

In closing, keep this in mind: If the minimum payment on your credit card debt requires more than 15% of your income, it is out of control. Take care of the problem now before it gets any worse. If you need to, shop around for a good, trustworthy and knowledgeable financial counselor and get help to reduce your debt.

Be sure you don't let this problem destroy your marriage. This is a temporary set back and there is no need to blame the other person. Work together and start digging your way out of debt.

If you can stick with it and succeed you will be stronger and wiser for having lived through it. You can then teach your own children how to not make the same mistakes you made.

Friday, May 11, 2007

The Secret Art of Backtesting

If you have got not back tested your trading system, you might as well merchandise with your eyes close.

In fact, whatever technical analysis standard you utilize to merchandise with, be it moving averages, taper sticks, volatility breakouts, fibonacci retracements or any other trading system you have got devised you're going to need to endorse diagnostic prove your trading system thoroughly and objectively in order to take any possible uncertainty about it's capability.

To take any self-doubt you need to thoroughly back test or imitate your trading system in such as away that it fits the statuses under which it will be traded. Once you have got got established that you have a dependable and robust trading system only then will you be confident in trading your system.

When trading what is the inquiry in most traders’ mind?

To reply this inquiry I shall quote the introduction from Chapter 8 Back Testing of Mark Jurik’s book Computerized Trading:

Will my trading strategy be profitable? After having gone through the arduous procedure of crafting a trading strategy, these are the inquiries you must inquire yourself. The ability to reply these inquiries are the great promises that back testing throws out for all traders. A successful dorsum testing process will greatly reduce the chance that you will get trading with either an unprofitable strategy or one that makes not ran into your expectations. By adopting a sound and strict dorsum testing approach, you will:

Pinpoint which nears to the market that are likely to be successful and which 1s are not.
Generate good estimations of future public presentation for each trading strategy you test.
Make a record of your trading strategy's historical trading performance.
Produce information necessary for other constituents of your trading attack such as as your plus allotment strategy.

Important Trading System Criteria

Profitability is not the lone criteria by which a trading system should be evaluated. Drawdown and emphasis should equally be considered as well... for example, before you open up a trading account:

Are you satisfied that your system is reliably profitable?
Will drawdowns pass over out your account?
Is your system trading in a manner you can tolerate?
Can you tolerate long time periods of no trading or too much trading?
Can you tolerate a large twine of losses?

The lone manner to reply these inquiries is to subject your trading system to extended dorsum testing.

Lack of Confidence

Lack of assurance usually military units bargainers to inquiry their ain trading systems. They give into the enticement to modify their trading program with annihilating consequences. This enticement engenders on by a twine of losing trades or an chance to replace their trading system with a whiz-bang index that is usually talked about in bargainers confabulate forums.

Anything that sounds to good to be true volition attract the attention of a bargainer who is not satisfied with their ain trading system simply because they have got not properly tested their system in the first place. In addition, they have got not built up the necessary assurance needed to successfully merchandise the system developed.

In the end these negative subconscious mind ideas will only impede and destruct your ability to merchandise successfully. To better your assurance in your trading system you need to thoroughly and objectively back prove it - simple as that! Only then will you be confident adequate to perpetrate clip and money to it!

The Traders DilemmaHow can you prove how a trading system will execute over a clip period of time when trading an arbitrary grouping of securities?

--- To truly measure the past public presentation of a trading system you need a trading simulator, which mimes the day-to-day trading activities of a typical trader. Until now this sort of software have been out of the range of most traders. In fact, there have been some great headroom in back testing software. Personally, I utilize TradeSim with MetaStock.

TradeSim is the first realistic true trading simulator/analyzer for Metastock that tin quickly back-test and measure a trading system across a portfolio of securities. With its powerful information processing capabilities, TradeSim can measure the historical public presentation of a given trading system within a matter of proceedings and make it with a realistic mental representation of a real-life trading scenario. Whether a single security or a multiple security portfolio, TradeSim replies the simple question:

"What would of happened if this system had of been traded in the past using an arbitrary portfolio of securities?"

Sounds simple - but is extremely complex if not impossible to make with Metastock as it stand ups alone. However, with TradeSim it is just a simple matter of running a Metastock geographic expedition on a portfolio of securities using your ain set of indicators. When the geographic expedition have finished you just simply run TradeSim and analyse the consequent trade data.

Your system may look good with an expert overlayed on a single chart.

"But what about it’s existent human race trading performance?"

Typically, your system will dwell of entry and issue triggers, terms as well as an initial halt loss. These five parametric quantities basically define a model for a trading system. The problem with trying to endorse diagnostic test a trading system is that the system examiner built into Metastock is only extremely limited. As a result, this tin give a very contorted position of your possible trading system performance. TradeSim computer addresses all of these issues whilst exploring new land in technical analysis and uncovering new issues that have got not been addressed by current software technologies.

Remember, no matter what back tester you travel for, anything that sounds too good to be true volition attract the attention of a bargainer who is not satisfied with their ain trading system. This owed to the fact that they have got got not properly tested their system in the first topographic point and have not built up the necessary assurance needed to successfully merchandise it.

In the end, these negative subconscious mind ideas will only impede and destruct your ability to merchandise successfully. To better your assurance in your trading system you need to thoroughly and objectively back prove it - simple as that! Only then will you be confident adequate to perpetrate clip and money to it! By testing your system, you have got just set yourself into the top 1% of traders.

Thursday, May 10, 2007

Is This the Kind of Money You Want?

Just the other day one of my friends, Linwood, asked me, “David, how are you doing in commodities?” I replied, “Why as a matter of fact, I’m checking on some profits right now.” Linwood went on to say that his cousin is a commodities broker. I replied, “And you have not invested in commodities yet? What are you waiting for?”

My friend went on to say that he wanted to learn more about commodities before he invested in them. He is very smart in wanting to learn before he jumps into something he does not fully understand.

Being a success coach in teaching people how to invest in commodities, I seized the opportunity to help him get acquainted with commodity investing. I pulled up a website that showed the prices of what commodities were trading at. I went over some basics like how to read and interpret the charts.

He then asked me where I thought he could invest $500. I proceeded to tell him that I thought Gold offered a good opportunity. I cautioned him that Gold was currently in an uptrend but that it would eventually pull back.

I then asked him what was the minimum amount of money he would be satisfied in making? The reason I asked this question is because I wanted to make sure his expectations were realistic. I asked him other questions too – like what was his timeframe for an expected payoff? He answered these questions. Based on his answers to the questions we devised a plan of action.

I advised him to take a look at investing in a Gold call option. At the time the option was priced at $490. I advised him that the commission and fees would add to this price a little. I said let’s watch the price for a week or two to see if he would have made money in the trade.

This strategy is referred to as “paper trading” or as I like to call it “play before you pay.”
It is a great way to learn how to invest and use different strategies before you risk your money.

The following day we watched the call option go up in price to $700. This represented a $210 profit in one day. Another way of looking at this is he could have made a 43% profit in one day. The next day when we looked at Gold, it was worth $800. So in two days he could have made a profit of $310 minus commission and fees. This amount represents a 63% profit in a couple of days.

Keep in mind this is money he did not have to do physical work for. It is what I call “sit down money”. On the otherhand, “stand there money” is when you have to work for someone else and stand there and accept however they treat you.

Decide today that you want as much sit down money as you can make. For more information visit and order Wealthy Investing Secrets today.

Much More Success,

David D. Wells -
Master of Turning a Small Stash into a Huge Pile of Cash™

Wednesday, May 09, 2007

Problems with Accepting Housing Benefit in England and Wales

For a landlord who owns a rental property this can be a very attractive proposition. Rental paid by the local authority (Council), however there are many drawbacks and a Housing Benefit tenant is often penalised before the process gets under way.

First of all the local authority has the right to “claw back” rent several months after it has been paid if they find that the tenant was not entitled to it. This means the Landlord who has received a direct payment has to pay this back and “try” to get it from his/her tenant. The same applies if a professional letting agent is involved and the rent is paid to the agent. The Agent would have to cover themselves in their terms of business and make the Landlord reimburse them. This usually puts many agents off from accepting these payments.

Alternatively the payment is made to the tenant direct. Sounds much better in theory, because if the claw back mechanism is used the tenant has to pay this back. The downside to this is that a) the tenant might not pay over the rent and spend it on other needs and if they suddenly have to reimburse the Council, they could have difficulty in paying future rent.

These local authority payments are also often four weeks in arrears and this is not so good for a landlord who likes to have the rent coming in one month in advance.

The owner of the property has taken out Legal Protection Insurance or a Rent Guarantee Policy. Unfortunately these do not normally work if the application has not been satisfactorily referenced. If the Tenant was working from the start was satisfactorily reverenced and lost his/her job etc, then this could be a different scenario, however most of these types of policies require sufficient income to cover the rent or a lump sum in advance and this will not normally work with Housing Benefit. This now means that the property owner cannot rely on the insurance policy to obtain the rental arrears or even possession.

At the end of a tenancy the Landlord might need the property back – returning owner-occupier. Etc. The tenant might be very happy to leave, however if he/she moves out and requires local authority accommodation the Tenant has made herself/himself intentionally homeless. The Local Authority would put the tenant/s right down on the housing waiting list. The alternative would be for the Tenant/s to wait for a court order to be evicted.

These often take a couple of months to arrange and can cost several hundred pounds in legal fees. At the same time rental arrears could be mounting up. You cannot often even use the deposit to offset some of the rent (assuming that there is no damage) as many local authorities no longer fund a deposit but have set up a deposit guarantee scheme whereby instead of paying a deposit they will guarantee a “paper” deposit.

Unfortunately Housing Benefit is not always an attractive proposition.

Tuesday, May 08, 2007

Do You Know Your VantageScore?

For over fifty years your credit score has been calculated using the Fair Isaac and Co's system and so it is generally described as your FICO score. Now there is a new system known as VantageScore. This is just over one year old having been launched in March 2006. So why was a new system needed, and how does it differ from FICO? What are the advantages of VantageScore, and more importantly, what are its disadvantages? And finally, how can you find out your VantageScore?

It is a well known fact that the three credit bureaus, Experian, Trans Union and Equifax will report a different credit score for an individual based on the records that each company holds. VantageScore was created with the intention of providing greater consistency between the three bureaus so that these discrepancies would be removed.

The two systems differ both in the way that the credit score is calculated and in the way the result is presented. Both systems use the same five factors in their computation, but whilst FICO places most emphasis on payment history and amount owing, making up 65% of the score, these factors only count for 47% of the VantageScore. For the results FICO uses a figure between 500 and 850 with anything over 720 being regarded as prime. VantageScore ranges fro 501 to 990 with an additional classification of letters A-F for each group of one hundred. So A is 901-990 which is regarded as super prime, with C 701-800 being prime and at the other extreme. F 501-600 treated as high risk.

One criticism of FICO is that while a score of 720 and above gives a clear green light to a potential lender, there is no generally accepted grading of the lower figures. This problem is solved with the VantageScore by use of the letters A to F which enable you to tell at a glance into which category a borrower falls. However there are critics of this system too who point out that within each category there will be a wide variation. For instance a score of 698 is only three points short of prime, when 603 is just two points clear of high risk, yet both fall into category D.

The main reason why FICO credit scores vary between the three bureaus is the variation in the data that each receives. While the promoters of VantageScore say that their system will produce more consistent results, they admit that ultimately this depends on the quality of the data.

Your current FICO credit score can be obtained from each of the three credit bureaus, but to date only Experian will supply you with your VantageScore and it will cost you $5.95.

Monday, May 07, 2007

Growing Faster Than Your Cash Flow? Let Factoring Fund Your Next Expansion!

Why delay hebdomads or calendar months to get paid by your clients when you can access your money in a matter of years by factorization your invoices. When a business factors their invoices, they are allowing a 3rd political party to purchase their bills at a terms reduction price. This price reduction is considered the 3rd party’s fee.

If your business have orders from clients on a regular basis, but have to wait 30, 60, or even 90 years for payment, you maybe experiencing a crunch in your cash flow. Factorization gives you the chance to access your cash within years not hebdomads or months. The growing of your company depends on whether or not you have got the workings capital necessary to finance your expansion.

When a factor purchases a company’s bill or invoices, no interest is ever charged. This is because factorization is considered an outright purchase. When a company sells their bills to a factor, they can anticipate to have an advance up to 90% Oregon more than of their accounts receivable. The business gets this money immediately and the factor do a fee for this service, turning the transaction into a win-win state of affairs for both parties.

Factoring is no longer a business tool used by the large Luck 500 Companies. Small to midsize businesses are receiving enormous benefits by implementing factorization as portion of their financial strategies. If your business is growing at a faster rate than your cash flow, maybe it’s clip to research an option solution such as as accounts receivable funding.

Sunday, May 06, 2007

The Idiots Guide To Back Testing For Confidence

After you`ve set your initial stop loss, chosen your method for calculating your trailing stop loss, and implemented all your money management rules, there is one last thing you should do; you should begin back testing your system.

With out back testing you will be headed in the right direction, but you won`t know what to expect from your system. Back testing will also give you the confidence to keep going when you begin to experience the doubt that every trader faces at some time.

Back testing your system is by applying the rules and conditions of the system to the stock`s historical market data. However, this is only possible if you`re trading a system that is entirely mechanical and does not require any human input to place the trades. How do you know whether or not your system is completely mechanical for back testing? Can you take down your trading plan, the set of rules and guidelines that you follow, and hand that over to someone else, who could then trade the same system and receive the same results as you would if they followed the system carefully?

If you can do this, you have a mechanical system that is ready for back testing. If you can`t, you should look at implementing a completely mechanical system. Perhaps one of the hardest parts in trading any system is to have the confidence to stick with your system. In fact, a mechanical system almost forces you to make decisions that are in direct conflict with what your gut feeling might tell you to do.

Remember, our gut feeling tells us we should hold on to losing stocks until they get to the break even point, and our gut feeling would tell us to sell shares as soon as we`re a little bit in profit. Obviously, a mechanical system goes against these human tendencies, and that is one of the reasons why it`s psychologically difficult to trade. However, back testing a mechanical system, will tell if you it your plan will work or not.

While back testing will not tell you with 100% accuracy what the profitability of your system will be once you start trading it, it will give you a very good sense of what you can expect. All prices are driven by the same two factors, supply and demand, in the present and in the past. So, even though price movements are never going to be exactly the same, in your back testing you will see the patterns, and similar movements that show up over time. With back testing you can discover the how profitable you system is likely to be, and how often you are likely to have a loss rather than a profit.

Back testing your system over different market conditions, it can be reasonable to draw parallels as to the performance of your system historically to its performance trading it in real time. Knowing this, because of back testing, will make it much easier to stick with your system, and the profits you can realistically skyrocket.

Saturday, May 05, 2007

Renting Back After Your Home Is Sold

Sometimes it’s helpful to sell your home before you really want to move. This often happens when you are having a new home built, but aren’t sure of the completion date. Is there any way you can sell your home so you’re sure of the funds available for the new purchase, but continue to live in your old home until construction of the new one is complete. Yes, there is with the renting back strategy.

Enter the Lease-Back or Rent-Back Agreement

The particulars of this strategy vary from state to state, but in the strong seller’s market we’re experiencing, buyers will often agree to let the seller stay in the home for a period of time as long as rent is paid. In a competitive situation, the buyer willing to do this will often have the winning bid even though there is another offer as high as his.

The agreement covering the situation states the length of time the seller will remain. It can be done with a specific date named or wording that allows the seller to remain up to a specific date with the possibility of her moving sooner. The amount can be a fixed figure paid out of the proceeds of settlement or a monthly amount, or a daily amount. It is usually, but not always, tied to the amount of the mortgage payment under the buyer’s new loan. Sometimes there is a deposit against damage, sometimes not. There is usually a clause saying the seller will hold the buyer harmless for any damage to himself or his property which occurs after the sale is consummated and before the seller moves.

The attorney who draws up your contract offer can create such an agreement. If you’re using online forms, you should be able to find one for this situation. If you’re working with a real estate broker, he or she can handle it for you.

An Example

I’ve recently seen a very pleasant example of this idea in action. An elderly widow contracted to have a one level condo unit built in a new community which provides all exterior maintenance. She had had hip replacement surgery and wanted to get away from the drawbacks of the home in which she’d reared her children. The home was large, had stairs and was located on a large, partially wooded lot with many mature perennials and shrubs. Both the home and garden were beautiful, but high maintenance.

Her contract to purchase required a series of deposits and a firm indication as to her source of funds well before settlement on her new condo. The widow put her home on the market. A young couple with two sons was very anxious to buy it. The situation was competitive. They made the widow an offer. She countered their original offer. She did not raise their offer price, which was slightly below her asking price. She did not believe the young couple would qualify for a larger loan. Instead, she did something rather creative.

The widow countered with a proposal that she “rent back” for a period of “up to” a certain date (a date beyond her scheduled competition date on the condo) in exchange for a modest flat sum to be paid to the buyer at settlement. The total rent back period was less than two months. The flat fee was less than the amount of the new mortgage payment for the buyers. However, since they made no payment on their new mortgage the first month, it wasn’t too far out of line. The couple really wanted the home, so they accepted the counter offer.

Another win, win situation was created. The widow only had to move one time and the young couple got a house they probably wouldn’t have in a straight bidding war. If you find yourself in a situation similar to either the widow or the young couple, perhaps you can work out a similar solution.

Friday, May 04, 2007

Before You Apply, Compare

If you are considering applying for a credit card, make sure before you apply you compare the interest rates available. There are so many credit card companies willing to take your business make sure you shop yourself around first.

The interest rates that you qualify for will depend on your credit worthiness. This simply means what type of risk are you to the credit card company. Do you pay your bills on time; are you making enough money to cover your outstanding credit responsibilities?

If you are regularly late or considered what the industry refers to as a "slow pay", your interest rates are going to be higher. That means, if they have a low teaser interest rate, you are not going to qualify for it. They mean it when they say, "not all applicants will qualify for the lowest rates." On the other hand, if your credit reports shows that you are a good risk, paying on time consistently and are not over extended, you will definitely qualify for the introductory rates.

If you have a good credit rating, you have the upper hand on negotiating with credit card companies for the best available interest rates. If your credit is less than stellar, you may not get the lowest rate available but it is just as important to comparison shop before you accept an offer.

Remember when you are comparing interest rates do not let every company you are speaking with run a credit report. Make sure you specifically ask them if they are running a full credit report. If they say "yes," tell them no. Having a bunch of credit request showing on your report makes your credit score go down dramatically.

Once you have compared interest and you have narrowed it down to one or two cards, make sure you understand the terms of the offered interest rates. For instance, you might secure an interest rate at 8.99%, what happens if you are late? Usually the interest rate goes up dramatically.

Being late once, and they do not care if it is by two hours, may raise your rate to about 15%. Still not a horrible rate but it sure is not as good as your initial rate. Ask them what happens if you are late more than once. Most companies have policy in effect that if you are late more that once in a twelve-month period, they will raise your rate so high you won't believe it. Many get up there into the 30% bracket.

So, when you are comparing interest rates for credit cards, use your credit score to secure the very best rate you can possible get. Once you have it secured, make sure you always pay on time. Make sure you read and understand all terms and conditions of the card. By getting the best rate possible, you can literately save yourself hundreds of dollars a year.

Thursday, May 03, 2007

The Person With The Most Money Wins!

More money can mean better:

- Health Care
- Relaxing Vacations and Adventures
- Education for your children or yourself
- Better home than you have now

Best of all it can reduce stress from not having to worry about money!

Many of us have problems in life that additional cash will help solve the situation. Did you know that 80% of problems in life could be simply resolved with additional cash.

Your first step to becoming financially secure is getting involved in real estate as an investor. Now you must take the next step "Stop chasing money".

John Michael, the founder of Stealth Educational Services has a vary simple but phrase he loves to use.

Money has twelve legs and you have two - It will always out run you when you chase it.

Fundamentally, there are two areas to focus on to build wealth and generate cash.

1. You must develop skills and strategies to reduce your expenses along with maximizing your life style.

2. You must develop skills and strategies of generating additional revenues.

You will need to learn how to use:

OPM - Other Peoples Money
OPT - Other Peoples Time

We all have life expenses such as:

- Food - Meals
- Auto Insurance
- Auto gas and oil
- Rent or Mortgage payments
- Along with other purchases

You easily spend $2,000, $5,000, $10,000, or even more every year on these expenses.

Did you know that for every dollar that you make tax deductible you can receive approximately 15¢ to even 50¢ back from the government and yes it all depends upon your tax bracket and tax rate. The easiest and fastest way to get tax breaks you will need is to simply start a small business.

As a real estate investor, you have a small business!

This should be your goal for your financial strategy as a real estate investor over the next 12 months:

- $50,000 to $100,000 income from real estate investing
- Cut your tax bill in half
- Reduce your auto insurance by 1/3
- Save $1,000's on your next purchase of a car
- Reduce your food cost by 10%
- Decrease your health cost up to 20%
- Open your KEOG retirement plan
- Improve your credit
- Protect and shield your assets

Just to name a few.

You may have to work full time and do real estate investing part-time for several months until you get the ball rolling. You will need multiple sources of income to become successful as you grow and start your carrier as a real estate investor.

Let me give you another set of goals that you should shoot for as well:

- Build wealth in real estate
- Develop multiple sources of income and residual income
- Make money while you sleep
- Develop a profitable real estate investing business
- Earn at least 15% on your investments
- Use your real estate investing business for tax deductions
- Use compounding of money and time to build wealth slowly
- Become worth more to an employer until you are able to fire them

Stop chasing money, it is not how much money you "earn", it is what you "learn" to do with the money that matters.

You must have a good plan for building wealth!

More wealth and cash can make life more exciting, dynamic, and fun.

"Daring ideas are like chessmen moved forward. They may be beaten, but they may start a winning game." By Johann Wolfgang von Goethe

Wednesday, May 02, 2007

The Key Advantages of Chase Platinum Credit Card

The JP Morgan Chase and company is one of the largest financial providers for personal and business accounts. Chase understands the busy life of people and therefore offers them a variety of options to have easy access to their accounts without even visiting the banks.

Chase Manhattan has created the Platinum credit cards, keeping in mind the elite class of cardholders. If you are interested in a good rewards program and also a good interest rate, then the Chase platinum Credit Card will be your option. The card has 0 percent introductory annual percentage rate for the first twelve months; but the duration for which the introductory rate continues depends basically on your credit history and purchases or balance transfers. Nevertheless, after the expiry of the introductory period, the annual percentage rate will increases to 14.24 per cent.

The reload fee, application fee and the participation fee are non applicable. Although the card may seem the right choice for you, you should double-check the other aspects. The variable interest rates need careful consideration.

The method of computing balances is also very important. Unlike most cards following the "Average Daily Balance" method, Chase Platinum Credit Card uses the "Two Cycles Average Daily Balance" method for determining the finance charges. This system is particularly unsuitable for you if you carry a balance, even if it is an occasional large revolving balance.

The Benefits

There is the opportunity of earning one point for every dollar and in this way, you can earn up to 50000 points every year. The points remain valid for five years. You can cash these points and use them for buying merchandise and/or gift cards or for meeting travel expenses. The card also offers an interest free grace period when you can pay your bill fully for each month.

The other benefits include free travel services, auto rental insurance, $500000 worldwide Travel accident Insurance and many more benefits. The various platinum benefits offered by the credit card are inclusive of such offers as online account access or various travel services. The only rewards for these types of cards are the points, but there are no rebates achievable as such.

The card also provides other services like emergency card and cash replacement, lost and stolen card reporting, a financial statement at the end of the year and other similar facilities to the cardholder.

The Chase platinum Credit Card does not hold anyone responsible for unauthorized transactions with his/her card. These apart, there are other emergency assistance services, travel accident insurance, auto rental insurance and many security/protection facilities like purchase protection, extended warranties, etc.

You must remember that there are certain restrictions and limitations that are applied to it.

Teach Your Children About Credit and How To Manage It Responsibly

One of the most important things for a child to learn in order to become a successful adult when he grows up is not taught in school. This is a very serious omission that parents need to be aware of and that they, as parents, must address if they want their children to lead happy lives as adults.

The concept that I am talking about is credit and how to manage it wisely.

I cannot understand why this crucial topic is not covered in schools today but I believe that it is imperative for parents to teach their children how to handle credit.

How many people grow onto young adulthood and immediately obtain and then misuse credit cards? I would venture to say that a large amount of today's young adults have buried themselves in debt that will take years to overcome.

Credit card companies make it very easy for college students to obtain credit cards. But if you stop and think about it, most college students do not have the wherewithal to pay for the credit card debt that they can so frivolously incur.

Many young adults today do not even know how to balance their checkbooks. I used to constantly prod my son to keep his checkbook balanced, making a joke out of it by calling it "Big Boy Checking". But it's not a joke when a young adult keeps throwing money away for overdraft fees caused by an unbalanced checkbook.

The same goes for credit. Young adults who spend money by paying for purchases with credit they cannot afford are making the same sort of mistake. Credit is something that is too easy to get and too easy to abuse.

Telling your children to avoid credit entirely is not the answer either. Credit needs to be established at an early age to have for emergencies for instance. But obtaining credit for future needs is different from credit abuse.

Teach your children sound credit practices and you will be giving them a gift that will last for the rest of their lives.

Tuesday, May 01, 2007

Credit Repair Is Free and Easy

Credit repair services are competing for your business on a daily basis. You see the advertisement online, news papers, and in flyers all the time. If you have bad credit, but need some relief then you might be better off to use your own credit repair strategies. This article will outline some basic steps you can stake to repair your credit now.

So What Is The Truth?

You need to be aware that no one can remove a bankruptcy off your credit. Many people claim they can legally remove a bankruptcy from your credit within a short period of time, but it is simply not the case. You can remove several bad marks and improve your credit score if you simply have late payments and other bad marks against you.

Improve Your Credit Score

When you apply for a loan many lenders look at your credit score as one of the determining factors for giving you the loan. If you use a simple credit repair technique of paying down on your credit cards you can improve your credit score by several points. Many people will get a credit card and then transfer the balance to the new card and then pay it off to improve their score.

Get Your Credit Free Report

You are allowed to receive your credit report free of charge each time you are denied credit. You are also allowed to get your free credit report a few times each year. There are many sites that offer free credit reports by simply filling out some information.

Some credit card companies will offer services that allow you to monitor your credit score free of charge for using their services online. They will often provide tutorials in what you need to do to improve your credit repair situation.

Credit repair is something that you need to take seriously. You will rarely ever need to pay money to a service to do what can be doing for free. If you can write a few words then you can question bad marks on your credit reports.

What Your Credit Report Says About You

Your credit report reveals your credit history as for your payment history, how much credit you have extended, prior applications for loans and credit cards. Your past and present addresses are on your credit report along with prior employers. This report also gives every name and variation that you have used to obtain or apply for credit.

Your social security number tracks your every move in the financial world. If someone else uses your social security number, this shows up on your credit record as coming from you. In some cases, fraudulent credit and identity theft can be avoided by checking your credit report annually. For the most part, if you see something wrong on your credit report and question it right away, clearing it from your credit history with proper documentation avoids further problems with your ability to apply and receive credit.

Credit history tells lenders about how you pay your bills. If you pay on time, within one month after becoming due and past sixty days. This allows lenders and creditors to see whether you are a good candidate for a loan or credit card. This also helps lenders determine how much money you can receive at that time.

Many employers now conduct a credit check before hiring. The new ruling that came about a few years back, allows the employer to do a credit check in order to determine if you are a good candidate for the job you are applying for in a specific field. The credit checks supply all the information in your credit history.

Viewing your annual free credit report helps in many ways, if you want to buy a home, get a credit card or a loan, receive some types of insurance or in getting a job, you need to know your credit history and what it says about you before doing anything, including applying for a job. People usually find out they were turned down for a job because of a credit check and later found out the credit history was inaccurate.

The annual free credit report tells if you have been married and divorced as well as vehicles that you may have owned. Your credit report is your life history and needs checking yearly for accuracy to insure your future credit and buying power. Your ability to keep track of your credit history every year prevents so many problems that arise at the time of a personal or home loan.

Once you realize how your credit report and credit score affect your every day life, you will want a copy every year to view for any inconsistencies that appear on the report. Corrections usually clear up any misunderstanding that occurs because of your credit history.