Investing your money in a particular business is a way to see your money grow in time. This means that while your money is used by others, you will get earnings from them. And when it comes to investing your money, there are various ways for you to do it. Below is a list of some of the most potential ways wherein you can invest your money and make handsome profits especially this coming later in the year.
Investing in Shares
By investing in shares, you will have the following benefits in return:
- Inflation rates are known to be much higher than the interest rates of commercial banks; on the other hand, it is much lower in terms of equity price appreciation.
- The growth rates are far beyond the interest rates of the bank.
- You will be earning money the private way. This means that you will be protected from the eyes of the public.
- You are entitled to receive dividend – an amount of money which is known as your share from the company’s earnings at the end of the year.
- Bonus issues are free shares which are being handed to a company’s existing shareholders.
- Investing in shares allows you to enjoy capital appreciation. This means that the price of your shares would generally respond to supply and demands’ forces.
One of the best ways to invest your money these days is through buying of properties. Whether you want to do this locally or abroad, your chances of earning money from it are quite good if you know what you are doing. There are great tax benefits you can get when you invest your money on buying properties. Properties such as already built homes and land usually increase in value as time passes by. This means that you can keep on buying properties at the moment and get the chance to earn a huge amount of money once you see another real estate market boom.
Investing in a Race Horse
There is something exciting and thrilling about owning or managing a racehorse after all it is not called the sport of Kings for nothing. It is actually much cheaper compared to buying a professional or expert sports team. And of course, who wouldn’t like the thought of winning the Melbourne Cup one day. Many of the champion horses in Australia have been owned by syndicates which spread the risk as well as the earnings.
Horse Racing is a risk and can be a good source of quick income especially if you hire a top trainer, allowing you to accumulate more and more money over time.
Investing on High Interest Savings Account
This is one of the best ways where you can place your money and wait till it earns profits along the way. Here, no minimum balance is required and you don’t have to worry on penalty fees. It’s also a safer option for you to invest your hard-earned money. And naturally, the money you have invested has higher interest rates compared to other savings accounts in the market. Here, you don’t have to learn different trends and keep up with the news to make money and make it grow over time.
Pretty excited about hosting this! I’ve been neglecting my blog a bit of late only becasue I’ve been helping a fellow Zimbabwean fight a deportation order from the UK Border Agency and actively blogging about the evils that Mugabe is!! Gotta love Red tape!! Can’t believe he’s been elected in again… looks like I’m staying in the UK for the foreseeable!!
Anyways amazing reading below and I’ve read every single one of them!!
Dividend Growth Investor @ Dividend Growth Investor writes Should I buy dividend stocks now, or accumulate cash waiting for lower prices? – Given steep rise in many stocks in 2013, many investors are accumulating cash, hoping for a correction. They believe that they are better off waiting for better prices, rather than buy shares at or above the maximum prices they are willing to buy at.
Emily @ Evolving Personal Finance writes Setting a Reward for a Big Goal – I struggled to identify an appropriate, inexpensive reward for achieving a weight loss goal. How do you reward yourself without busting your budget?
Kevin Watts @ Graduating from Debt writes Practical Solutions to Student Loan Reform – A Look at Practical Solutions to Student Loan Reform
Michelle @ Diversified Finances writes Self Employment and What Others Think – Everyone knows that I’m making the switch. Big surprise, right? However, when I tell certain people that I am making the switch, I tend to get the crazy eyes. People usually think I am insane and/or don’t believe me.
GMM @ Grad Money Matters writes Are you worried about your freelancing going downhill? – Freelancing. Oh freelancing! Working for yourself can be exhilarating, but also terrifying at the same time. When freelancing, that means everything relies on you. No one wants to venture out on their own and then for something to happen and everything go downhill. You want to be prepared. Once you work for yourself, it’s hard to go back to working for someone else.
Irfan @ Everything About Investment writes Financial Markets: Functions and Types – A Financial market is a market for creation and exchange of financial assets. Financial markets act as a forum to facilitate financial transactions through the creation, sale and transfer of financial securities. If you buy or sell financial assets, you will participate in financial markets in some way or the other.
Alexis @ FITnancials writes Turn Your Passions into Profits – Some people warn you not to mix your passions and your employment. For some reason, they think that you’ll suddenly enjoy your hobby much less if it turns into your sole source of income.
Michelle @ Making Sense of Cents writes $11,117 in July Extra Income – Growing but I crave stability – In July, I made $12,942 in extra income, before expenses. It is crazy to think that just last July, I made $1,425 in extra income. What a difference one year makes! I never even thought that I would be anywhere near this amount. I always thought that other freelancers who posted their income were just “lucky.”
Alexa @ Single Moms Income writes 10 Legitimate Places Single Moms Can Apply for Scholarships – Have you ever done an internet search for scholarships for single moms? If so, then you probably got so sick and tired of weeding through spam that you eventually gave up. This post takes the guess work out and provides you with 10 legitimate places you can apply for scholarships.
Michael Kitces @ Nerd’s Eye View writes Long Term Savings, Relying On Returns, And Retirement Date Risk – The benefit of starting saving young is that saving small amounts for a very long time can accumulate significant wealth. The less understood caveat to the strategy, though, is that relying so heavily on compounding returns can leave you greatly exposed to “retirement date risk” – the danger that with a small deviation in returns near retirement, your retirement plans can be badly sidetracked!
Michael @ The Student Loan Sherpa writes How am I ever going to retire with all these student loans? – If you are sitting on a bunch of debt retirement seems like a far away dream, but if you are smart about your spending and where you put your money, you can make your debt disappear AND still have a shot at comfortable retirement.
Thomas @ Finance Inspired writes Be Your Own Boss – But Beware – Want to be self employed? Read this first!
John @ Wild About Finance writes Bad Credit To Consider when Going to Uni? – Do you have kids going to uni, but have trouble with a bad credit rating? Read this…
John @ Cough Up The Dough writes Ways to Save Money at the Supermarkets – Here are some excellent ways to save money at UK supermarkets
Thomas @ Mr. Moneyvator writes Payday Loans in the UK – Read all about the still growing trend of payday loans in the UK…
Suba @ Broke Professionals writes The Rising Price of Child Care – From school tuition to medical bills and everything in between, paying for kids-related expenses is growing as fast as my children themselves!
Simon @ Chance with Finance writes Benefits of Real Estate Investment – Thinking about investing in Real Estate? Here’s a great read first
Thomas @ JourneyScout writes Seven Wonders Of The World – Are you budgeting for a trip to see the Seven Wonders? Here’s what they really are…
John @ Imperative Travel writes Places to Visit in Phuket – Are you planning a trip to Phuket? Make the most of your money and don’t miss these sights
Simon @ Camp Travel Adventure writes Places to Visit in Dumaguete – Want to make the most of your money in Dumaguete? Don’t miss this..
ETZ25 @ Entertainment Timez writes AIG Delivered, But Where Is Everybody? – AIG delivered, but still there aren’t many investors in the stock, at least not non-institutional investors (us home investors). Is this a mistake given the facts?
krantcents @ KrantCents writes Things you must do to succeed at real estate investing – Things you must do to succeed at real estate investing
Luke @ Learn Bonds writes The Corporate Bond Market: Often Misunderstood and Underappreciated – The first part in a multipart series on the corporate bond market. What you need to know to start investing in corporate bonds today.
CAPI @ Creating a Passive Income writes The Experience Problem: Applying for Jobs Without Experience – In this economy, it is hard to find jobs. It is even harder if you do not have any work experience on your resume. Read here for tips on how to do this!
SBB @ Simple Budget Blog writes For College Students: Budgeting Your Daily Expenses – Heading to school? Great! Keep in mind how important budgets are. Read for the tips needed for college students to budget their daily expenses.
JC @ Passive-Income-Pursuit writes Dr. Pepper Snapple Group (DPS) Dividend Stock Analysis – I look at the investment merits of Dr. Pepper Snapple Group. I like the company and the products but now might not be the best time to invest your hard-earned money there.
Matthew @ Investing Five Daily writes Is Your Home An Asset? – An analysis of the impact of your home on your networth calculations, and ways of getting value out of an illiquid asset.
Mike @ Annuity Rates HQ writes Are Annuities Scam? 6 Flaws of Annuities You Must Read About – Are annuities scam? I don’t think there is a need to become paranoiac about annuities, they are not a scam. But annuities are definitely very complex product to deal with. However, it doesn’t mean that annuities don’t have flaws.
Brent @ PersonalFinance-Tips writes Organizing and Packing Tips for Easy Relocation – A house move comes with a bundle of mixed feelings. On one hand you are super excited about the new house, the new location etc. but on the other hand there is the monster of the move scaring you.
Jon @ Increase Credit Limit writes How To Increase Your Credit Limit – Even if you might know that you should increase your credit limit, that information will do you no good unless you know how to get it done. So, here are some tips for how you can increase your credit limit.
Chuck @ The Tortoise Banker writes Setting Up a Budget: For New Couples – The greatest benefit of setting up a budget is that you and your partner will have a good understanding of your income and expenses. Together as a team you can set future financial goals and create a plan to achieve those goals. Those goals might include paying off debt, saving for a house, or building an emergency or slush fund. This post will give you a starting point.
Lindy @ Minting Nickels writes Thinking of Quitting Your Job? Don’t Forget to Consider These Perks You’ll Leave Behind – After I completed graduate school, I was lucky to land a tenure track teaching position.
Harry Campbell @ Your PF Pro writes What Is The Easiest Job You’ve Ever Had? – Even from a young age, I’ve been hustling to find the easiest jobs that would pay me the most. When I was a kid, my neighbor and I would steal lemons from another neighbor’s tree and sugar from his parents to set up a lemonade stand on the corner. I’ll be honest, the money wasn’t great, but since my parents didn’t give me an allowance, it was the only way we could make money so we could buy candy at the liquor store
Harry Campbell @ My Financial Road writes My Savings Problem – Recently, I read “The Automatic Millionaire” by David Bach and it dawned on me that I although I have been paying myself, I haven’t been paying myself FIRST. I was simply going through the motions of going to work, paying my bills and saving whatever was leftover at the end of the month. This led to me not saving so much since I would spend a little more on groceries or go buy see a movie or something and there wasn’t much left to save.
Amanda L Grossman @ Frugal Confessions writes Making the Jump to Self-Employment – This post was written by freelance writer and blogger Mike Collins. You can read about Mike’s quest to build new streams of income so he can quit his job and work from home full-time at EludeTheCube.c
Daisy @ When Life Gives You Lemons, Add Vodka. writes The Crazy Amounts That I’ve Spent on My Dogs – Pets are part of the family, but they sure cost a lot.
Jon Haver @ Pay My Student Loans writes International Student Loans Without A Cosigner – Many international students choose to study at colleges and universities in the United States. It can be very expensive to get a college degree abroad, so many students look to scholarships, grants and loans to help fund their education.
Wayne @ Young Family Finance writes Powering Down: Ways to Save Money on Utilities – Simple changes in your use of electricity and water can save you money. It’s not hard! Read here for tips on saving money through utilities.
John @ Ourinsurancecanada.com writes International Students Insurance – For those students who are planning on studying abroad, the list of things they need to make the trip is a long one. From arranging accommodations to making sure they have the right currency to packing the right electrical adaptor, there are many things that have to be taken care of before making the trip.
Brock Kernin @ CleverDude writes The Mythical Stacking Of Discounts: It DOES Exist! – It doesn’t happen often, but sometimes shoppers can stack discounts and get the steal of the season!
Debt Guru @ Debt Free Blog writes How To Stop Telemarketing and Debt Collection Calls – I don’t think there is anything worse than those annoying debt collection and/or telemarketing calls in the middle of dinner. Telemarketers have products and services to sell but they tend to be a pest when calling several times a day and at all the wrong times. If you are tired of these nuisances this article will guide you through ways to stop telemarketer calls.
Jacob @ AllPersonalFinance writes Will you be renting short term, long term or forever? – With the housing market as challenging as it is right now, a lot of people are struggling to save enough money for a deposit on a first home and we’re seeing a lot of people renting for much longer than they might have in the past. Some recent research from Barclays on whether people see …r
Terry @ Productive Money writes My Story – A Curvy Personal Finance Road – A quick story of my struggle, success, then again struggle with personal finances.
Don @ MoneySmartGuides writes 5 Ways to Save Money On Your New Baby – The birth of the royal baby, the first child of Duke and Duchess of Cambridge and the third in line to the British throne, is a magnificent way to feel the joy and happiness that your own little royal will
Robert @ The College Investor writes Tesla Stock: A Bet That’s Out of Your Hands – I want to harp on an idea central to many of my posts here: a share of stock isn’t just a ticker but a piece of a business. That business isn’t as simple as it may appear. Private prisons are a way to skirt public unions; RetailMeNot is a play on Google’s search engine results. Who would have thought?
Robert @ Entrepreneurship Life writes What Prevents You From Getting a Good Job – As almost a rule, sooner or later the most students wipe beer foam from their faces and start their job search. During the first 2-3 interviews, they still believe in the fairytale salaries and fabulous companies; several months later they look at life more soberly – it is the first step to a successful career. It is not so difficult to find a good job as it may seem. You should follow several rules:
Robert @ Beat The 9 to 5 writes My Monthly Income Stream Report – July 2013 – July was such a busy month for me, both professionally and personally. I was featured in a great podcast interview over at Side Hustle Nation, and I also landed an amazing interview over at The College Investor with Neil Patel from Quicksprout. Both of those events were pretty amazing, but nothing could top the birth of my first child. Just look at him – I can’t stop looking at him! Just look at that face – I know he’s going to be trouble, but who cares!
Robert @ Kids Ain’t Cheap writes Saving Money While Traveling With Children – I can already see how the expenses are adding up with factoring more that just a plus one in your travel plans. Kids eat, sleep and partake in events just as adults do and costs add up!
Little House @ Little House in the Valley writes An Easy Tip to Retire with 30% More – It wasn’t until I reached my mid-twenties that I realized that dollars stash into retirement accounts in the early part of your career are FAR MORE valuable than dollars invested later in life.
Hank @ Money Q&A writes Financial Lessons We Can All Learn From Playing Candy Crush Saga – There are a lot of financial lessons that can be learned from playing Candy Crush Saga if you stop and think about it. There are key take aways that you can find that correlates with our finances.
Keren @ Stepping It Down writes Preparing for a Baby – What NOT to Buy – Swings, bouncers, play mats, slings, certain bottles and pacifiers, pillows and positioners…the list goes on and on. These things can sometimes make having a new baby easier, but certain things are just not worth the money.
Kathleen O’Malley @ Frugal Portland writes Wantable: Is it Worthwhile? – Wantable has a very fun premise. You fill out a survey and they send you the items they think you want based on those results.
Mrs. Accountability @ Out of Debt Again writes 4 Tips to Stay Organized – Summer organizing, anyone? I am amazed at how having an organized living space saves time, allowing me to focus on the important things in my life.
IMB @ Investing Money writes Gold-The Long View – Since its spectacular rise from its 2002 lows, gold has captured the imagination of investors worldwide. Read here for information on the long view of gold.
FI Pilgrim @ FI Journey writes Build A Better Budget Part 1 – The Mindset – It pays dividends to think through the process of creating a budget before you get started. What’s the purpose? What does it consist of?
Barbara Friedberg @ Barbara Friedberg Personal Finance writes How To Afford Exotic Travel – Build wealth, spend wisely, save aggressively and savor life. Machu Picchu, a vacation of a lifetime.
Lauren @ L Bee and the Money Tree writes Blow Money is a Non-Negotiable – I find that a small amount of blow money is essential to debt payoff success.
Holly Johnson @ Club Thrifty writes Operation Frugality: Save Money by Eating Old Food – Do you want to save money by eating food that you already have? If so, please join OPERATION FRUGALITY: SAVE MONEY BY EATING OLD FOOD. It’ll be awesome!
Monica Iannacone @ Monica On Money writes $25 August Giveaway and Goals! – Now that it’Â€Â™s August, it’s time to think about my financial goals for the month. Here are my top 3 goals for August.
Roger Wohlner @ The Chicago Financial Planner writes 5 Essential Financial Planning Steps for Your 30s and 40s – Financial readiness does not just happen it takes planning and preparation. Here are 5 essential financial planning steps for those of you in your 30s and 40s to help you reach your retirement goals and more importantly to help you achieve financial independence.
Kyle @ The Penny Hoarder writes Think You Can’t Afford a Smart Phone? – Smart phones are everywhere. You might look at your friend’s smart phones with envy and wish that you, too, could get one. You may think a smart phone is out of your financial reach, but you may be surprised.
Minimalist @ Minimalist Finance writes Instilling Financial Responsibility In Your Teenager – Instilling Financial Responsibility In Your Teenager has been published on Minimalist FinanceTeenagers can be difficult students. Most teens would rather be out with their friends or playing their favorite sport than learning about money and money management.
Nathan @ AsknWhy writes How to Avoid Business Pitfalls – Usually, amateur business entrepreneurs both online and in the actual world miss this a thousand times.
Buck Inspire @ Buck Inspire writes Ellen Degeneres Returns To Host The Oscars – If you’re a fan of Ellen, you’re in luck. She’s returning to host the Oscars next year!
Roger the Amateur Financier @ The Amateur Financier writes Net Worth Update: August 2013 – An update, sharing my net worth as of the start of August 2013, discussing how my technical difficulties have complicated things this past month.
Tommy Douglas @ Getting Fit As A Baby Boomer Over 50 writes The Paleo Diet – The Truths You NEED to Know – With so many diets coming and going each year, it’s difficult to figure out which one has all of the answers. One of the most popular diets in the past few years is the Paleo Diet.
Evan @ My Journey To Millions writes It is Amazing How Local Personal Finance Can Be – Most people discuss personal finance rules in absolute terms. I hate it! I truly believe there are almost NO SET PERSONAL FINANCE RULES.
Mike @ Personal Finance Journey writes 5 Tips on Borrowing Money from Friends – 5 relatively easy ways to Borrow Money from Friends and still keep the friendship solid and avoid all the drama.
Eva Baker @ TeensGotCents writes How To Get A Part Time Job – REI – An interview with Ken Bevill of REI. Ken and I discuss the specifics of getting a part time job at REI for teenagers – what to do and what to avoid.
MMD @ My Money Design writes Niche Website Update 8 – NS2 on the First Page Search Results Already! – I’ve got some terrific news: My new niche website (NS2) is currently ranking on the first page of Google at #4 for my main target keyword! Here I’ll share my complete run down for how I got there.
MMD @ IRA vs 401k Central writes What Are My 401k Investment Options and Choices? – When you receive that packet with all the different 401k investment options to choose from, what does it all mean? This post will help you figure that all out.
DW @ Great Passive Income Ideas writes Great Extra Income Opportunities Using The Internet – You don’t need a second job. There are lots of extra income opportunities that can easily be done with nothing more than the touch of a computer. Here are a few to try.
Mr FD @ Financial Debauchery writes Poor Customer Service Skills = Why I Hate Blockbuster – If you think that poor customer service skills aren’t likely to drive a patron to absolutely despise a store and every location it has, then think again.
Christopher @ This That and The MBA writes Things You Need to Know Before Applying to an MBA – Applying to study for an MBA (Master of Business Administration) degree can be a wonderful opportunity and a great investment in your future career. However it is also a big decision to make, as MBAs are usually expensive and time consuming. There are a number of things you should know before you take the plunge.
Matt Becker @ Mom and Dad Money writes The Mythical $12,000 Baby – The reports out there say it costs $12,000 in the first year of raising a child. When making your own decisions, it’s important to remember that that number is just an average. It doesn’t reflect your personal situation or your ability to make different choices. Let’s look at some of the ways you can be different.
Ryan @ Cash Money Life writes Are You Really Work from Home Material? – Do you have what it takes to work from home? Many people love the idea of working from home, but find that it is more difficult than they ever imagined.
Corey @ 20s Finances writes How to Successfully Switch Careers – Find out how to switch careers and go forwards instead of backwards. Doing something you enjoy doesn’t mean taking a pay cut.
Daisy @ Suburban Finance writes How to Improve Your Credit Score – So you are looking to buy your first home or maybe even finance a new car and you are worried about your credit. Although raising your credit score is never a quick and easy task, there are various immediate actions that you can implement today in order to start the process towards raising your credit …r
Mr. Frenzy @ Frenzied Finances writes Consumer Tips: How to Score Deals While Shopping – Looking for some nice deals while you shop? There are always great options available – just be on the look-out. Here are some consumer tips!
Bank Free Credit @ Bank Free Credit writes Best Free iPhone Apps – Here is my list of a few of the best free iPhone apps.
Maria @ The Money Principle writes From retirement to life design – Focusing on employment, pensions and retirement may not be the things to focus on. Here I suggest that we should re-focus on work, income and life style design.
Miss T. @ Prairie Eco Thrifter writes Are These 5 Investing Mistakes Eroding Your Returns? – There are a few things you might be doing, as an investor, that are reducing your real returns. Here are 5 of the common investing mistakes you should avoid if you want to see better returns over time:
Ted Jenkin @ Your Smart Money Moves writes 4 Money Tips For The Dog Days Of Summer – This is the rainiest summer season I’ve experienced since I moved to the state of Georgia.
Dividend Growth Investor @ Dividend Growth Investor writes How to define risk in dividend paying stocks? – For many equity investors these days, risk is usually defined as an unfavorable fluctuation in stock prices. This means that an investor who purchased Coca-Cola (KO) at $40/share, and observes the price decline to $30/share, had a $10 unfavorable move in the price against them. This view on risk could be adequate for investors whose investing timeframe is in days or months.
RichardP @ LifeQuotes123 writes Whole Life Insurance Definition – What is whole life insurance? What is the cash value? Is it right for you? Is whole life a good investment? If so, how do you pick the death benefit amount, the life insurance company, and your coverage options? These are all questions you should be asking yourself before choosing a life insurance policy, whether it is term or permanent coverage, and these are all questions we help you answer.
Pauline @ Make Money Your Way writes Make money with your garden – Here are a few ways you can make money with your garden, by selling your plants, produce or canned goods.
Pauline @ Reach Financial Independence writes Building Wealth While Building Muscle – This post compares wealth and muscle building in an attempt to get progressively better and reach your health and financial goals.
Bargain Babe @ BargainBabe.com writes Back to School Deals – Back to School deals for the 2013 school season are happening! Even if you do not have kids in school, this is the best time of year to stock up your home office or craft…
Bryan @ Gajizmo.com writes 150 Famous Quotes By Famous People – Whether we are trying to improve our lives personally or professionally, we all sometimes need famous inspirational quotes to help us power through the challenge in life. Whether it is life, death, success, failure or money, famous quotes by famous people can provide insight into how to better our lives. Here is a list of the 150 best famous quotes that will inspire and motivate you to achieve.
John S @ Frugal Rules writes Investing in Stocks: Are You a Trader or Investor? – There are various strategies investors can implement in the stock market yet many do not stop to think which is best for them. This lack of preparation can significantly undermine their investing efforts and hinder their attempts to grow wealth.
Mr.CBB @ Canadian Budget Binder writes Budgeting Tips For Low Income Families – A budget does not discriminate so no matter what your income is you can use a budget to account for your personal finances.
Jon @ Novel Investor writes Guide to the Different Types Of Mutual Funds – If you understand the different types of mutual funds, you’ll know how a fund invests your money, the risks involved, and how it fits in your portfolio.
Jefferson @ See Debt Run writes What is Disc Golf? – A Frugal Hobby For Everyone – Disc golf is a great hobby for those who are looking to avoid spending high dollars. It is a super fun sport to play, with virtually no up-front or ongoing cost.
Anton Ivanov @ Dreams Cash True writes The Best Online Brokers – Our list of the best online brokers is a great place to start when comparing online brokers and narrowing down the search for the one that is right for you.
Michael @ Financial Ramblings writes Our Asset Allocation Spreadsheet – Looking for a tool to help you decide when to rebalance your portfolio? Look no further… I’ve built a generic version of our asset allocation spreadsheet, complete with a walkthrough on how to use it.
Joshua @ Modest Money writes Discover IT® Credit Card Review – Top Cash Back Card – Small promotions and funny commercials don’t give us nearly enough information to make an educated decision when it comes to choosing a credit card! That being said, sit tight for another, nothing held back review of a financial option, the Discover IT® card!
Traditions of Western civilisation tell us money, power and status were the earliest reasons for marriage. It was almost certain that a newly married couple would open a joint bank account, obtain a mortgage together and share their money. Whilst many are marrying it isn’t purely for the previous reasons and joint money management is a little more complicated. However, when loved-up couples consider solidifying their relationship the conversation of money usually arises.
Keeping track of your own finances can be difficult enough, let alone managing the bills, assets and investment of a joint account. When it comes to making the decision to merge or not, there are a number of things to consider before you take the plunge. What’s right for one couple, won’t necessary be right for the next. Depending on the financial, spending and saving habits of you and your spouse, there will be different solutions.
Today we are less likely to follow tradition, instead listening to the decisions of the mind, heart and soul. Marriage may mean the merging of lives, but does it have to mean money too? The same goes for couples whose commitment to one another is evident without the urge to marry. Both co-habiting and married couples may consider joining their finances to help with the everyday payments such as bills, food shopping, etc. If you are confident that you have a strong relationship then that’s all you really need. Open and honest communication about what you both want can help frame a goal plan. Agreeing on what you are working towards will help validate the decision to open a joint account – after all, you’ll need to agree what you are saving for.
The saying ‘what’s mine is yours and what’s yours is mine’ has existed for years and makes a lot of sense for many couples. However, today, people are adopting the ‘what’s mine is mine’ mantra, choosing to get married later in life and keeping hold of their own money. Even if a decision has been made to combine finances, it may be beneficial to keep separate bank accounts, too. That way you can build up your own credit history whilst having financial independence from the potential liabilities of your spouse.
Deciding to merge your finances can cause complications, but simple, straightforward planning and clear communication can bring great results.
Trust and Time
There’s no rush to get all the paperwork done as soon as you’re back from your honeymoon. Although there are no measures in place to protect the joint finances of unmarried couples, it doesn’t mean people don’t proceed. Discussing your financial history with your partner, making sure they are fully aware of the good, the bad and the ugly is suggested before you proceed – whether you’re married or not.
Coming clean about your spending habits is important. If one of you is frugal and the other a spendaholic, then combining your cash might not be entirely wise. When committing to a joint bank account, create a monthly budget of all the outgoing expenses, the incoming assets and how you will manage your account effectively.
For those that are not too keen to pool all of their finances into one account, then there is an alternative. It may be worthwhile opening a joint account for bills alone; maintaining your own financial freedom whilst still sharing the cost of living.
Plan for your Future
What do you want from your bank account? Research the market to find the best current account that suits your requirements. If you’re looking to build a strong financial future together, then consider the benefits of opening a joint savings account. Setting a goal as to how much you need and by when will encourage you to reach your goal together.
It has been observed that at an average every card-carrying population has about eight credit cards in their wallet. The number might be less or more for many but most of them carry this many cards in their wallet. If you are one among them, probably you must have decided to cancel some of them that you are not using. However, if you are doing so, make sure you are at correct decision. Here are worthy facts about credit cards and cancelling of credit cards that may help you in financial planning.
The unused lines of credit might some way hurt your credit score as the credit card providers want you to spend more and pay back interests rather than you keeping the card safe. Do you think, clearing off any old information by cancelling a card, is a good idea and will it make you appear more attractive to the bankers? Once you have brought a credit card into use, you are left with no way to denying it as it becomes a part of your credit record permanently. This may continue for about seven long years even if you have cancelled it the next day it was issued. The entries would slowly fade away after seven years. However, you might not want those positive entries to be erased as it shows your loyalty.
Removal of old closed accounts might seem a good idea for you but this is not good enough if it has good positive history of transaction. Removing a card that you have used to borrow good amount of money and have repaid them on time, means that you are just ruining the whole loyalty that the card has for you. All those long credit card history can be of great help to you. These accounts speak of your credit and will help you borrow higher amounts on credit. The time-period for which you are borrowing is a crucial factor and 15% of your credit depends on that. Cancelling those credit cards is therefore not beneficial in such a case.
Lenders view your value according to your borrowing capacity. The debt that you have should not be more than 30% of your total available credit. If you close an account and cancel a credit card, your available credit decreases. The FICO score thus gets affected by closing a credit card account. This increases your debt as the percentage of debt credit for the reason that the debit card credit decreases. It seems that the credit card industry loves the people with enough cards with them. They consider them at greater score points. However, once you have got seven cards revolving in the market, your overall credit might start suffering.
When cancelling a card, make sure that you cancel the one that proved more negative for you. Always keep those that helped you in bad times. Keep those accounts open where you have a decent record of timely payments. The cards you have been using since long should also be retained as they make your credit in the market and build your reputation. If you are married, just depending on your wife’s credit card by being an authorized user does not mean it is going to build your credit. You need to establish credit of your own. It is necessary to use your card occasionally to keep it active and running. Now, cutting your card is not the only thing to do in order to cancel a card. Unless you cancel the card, the account is still active in the bank and even if you do not get a mail of its bill, it might be still counting. Moreover, if someone gets access to your credit card number, he can even misuse it. Therefore, it is important to get it cancelled properly.
Author Bio: I am William a finance blogger, freelancer and copyright editor from NY. Check out my site at economicrisis.com
Of all the types of insurance policies involving properties, there is perhaps none that is more necessary and simultaneously the least understood as landlord house insurance. This type of coverage can help protect both the owner and the renter in the event of any unforeseen circumstances that may result in damages or injuries. As there are different types and levels of these policies, it proves wise to have a brief overview and explain a few of the most common factors and their individual significance.
One of the first things that any property owner needs to realise is that all policies must include a form of basic liability. This is the minimum amount of coverage required by law and such a plan is obligatory. This policy will protect the landlord against any claim filed by the renter in relation to the property itself. An insurance company will defend the landlord and pay any such claims that the landlord is legally liable for up to the specific policy limit. Landlord house insurance or apartment insurance are always covered by this protection, and such a safety net can protect the landlord from what may prove to be a financially crippling litigation.
While basic liability may be enough, a landlord may wish to have a policy be more “modular” in its nature; that is, to have the ability to add on specific clauses or additions as may be pertinent. For example, landlord home insurance may provide the best protection against theft should the residence be located in a high crime area. Likewise, in areas prone to natural disasters, flood and fire insurance is often a wise idea. Another popular feature for long-term properties is what is known as inflation protection. This will account for the increase in the cost of repairs and upkeep over time should an accident occur. The insurance provider will adjust their policy limits to keep pace with this inflation; thus offsetting any price increases.
A final consideration must be the price of the policy itself. This is often a rather flexible matter, as monthly premiums will revolve around a number of factors. The main variables will include the actual property and how well it has been maintained and the occupancy rate, as a vacant property is naturally at a higher risk of break-ins and theft. The demographic area, crime rates, any expensive items on the premises and even the landlord’s track record will all determine the premiums that will be paid.
It should also be known that there are several ways to lower landlord building or home insurance rates. One of the most common methods is to install robust security systems. These can be in the form of alarms, motion sensors and deadbolt locks on any exterior doors. Also, paying the premium as an annual lump sum as opposed to every month can sometimes reduce rates by as much as ten percent. Finally, comparing different companies, the rates they offer and the coverage they provide is an excellent tool to keep in mind, particularly since the dawn of the internet.
This basic description and the few tips that follow should serve only as a rough guide. The best way to determine which type of policy will provide the best landlord house insurance is to speak with a qualified representative, as they will have the ability to answer any additional questions.
They say that the secret of a successful investment is to buy assets at a low price, and then sell them at a higher cost. Well, considering this, and the fact that fine wine prices have decreased between 25% and 40% from last year, this could be the right time to enhance your portfolio, or not.
Fine wine statistics and expectations
Robin Goldstein, a reputable economist and wine critic, claimed during the annual conference of the American Association of Wine Economists, that things are not as simple as people think in terms of wine. Costs will most probably decrease even more, and because of the lack of quality nobody will be able to invest in fine wine anymore. A lot of investors are eager to take advantage of this sudden decrease in wine prices, and they hope that Bacchus’s liquor will generate remarkable revenues. However, various studies have shown that only very few types can overcome the S&P 500 in the upcoming future.
Giving the current situation, most experts and specialists recommend investors to treat fine wines like gold, although wine is much more difficult to sell and promote. Likewise, they claim that wines should not account for more than 10 percent of a person’s portfolio, this being the maximum amount to assure an income, and at the same time stay on the safe side.
Invest wisely and watch out for additional costs
There are other requirements that need to be taken into account too, and one of the most significant is the minimum investment. This ought to be at least three cases worth, providing that you take possession of the wines, along with an extended time frame. When it comes to a minimum investment you should know that financial corporations that behave as an asset administrator, as well as the mutual resources that purchase cases without the intention to drink them, vary from an extremely low $10,000 to a maximum of $120,000.
A perfect example is the case of the famous 1982 vintage Bordeaux from Chateau Lafite Rothschild, which was sold by the auction house Acker Merrall & Condit in 2011 for nearly $64,000. Right now, instead of going up the price dropped to $40,000 so you can never know what to expect from the fine wine industry.
The fine wine market can be extremely unstable
During this year’s first quarter, the Bordeaux market – which runs annually from April to June, experienced a decrease of 40% in price compared to 2010 when it reached their maximum level. William Grey, who is the investment manager for The Wine Investment Fund, argues that the selection of wines for an investment is completely different than choosing wines for a celebration, and Bordeaux’ tip growths are always on the list when it comes to making an investment.
The grey bottles of Bordeaux are almost never consumed, but they remain hidden in warehouses, in order to avoid all sorts of taxes and duties that can increase the cost of the wine with as much as 20%. Besides, the fund, which is actually registered as a joined fund in the Bahamas, focuses on collecting all sorts of bottled wines that are anywhere between five and twenty years old, and that are ready to drink, or nearly ready.
Experts’ opinions are different when it comes to fine wine
Grey says that once the prices per bottle increase, the wines are being consumed, and the supply goes down. The funds’ returns are connected to the prices of fines wines, and this means that currently they’re also down. However, Grey observes that wine investment ought to be a way to differentiate one’s risks, and under no circumstances it should account for more than 10% in a portfolio.
Likewise, Francis DeClerck, a respected economy professor, adds that the market for fine wines is quite narrow; hence, it can easily be the subject to diverse speculative movements. To convince wine enthusiasts that this is true, Christian Moueix, the co-owner of the famous Chateau Petrus, just sold a case of Petrus for $62,200 during an auction in November. That’s quite impressive and the purchase illustrated perfectly the complexity of the fine wine market, and how its intricacy can be problematic, but also advantageous and beautiful.
Author Bio: Jason Phillips is an experienced writer who has contributed hundreds of quality posts at many sites and blogs. He writes on various topics including finance, investment, technology and gadgets. He has written this article on wine investment for the site http://www.wineinvestment.com/.
In today’s fast era, people have lost patience to wait for anything they want. That’s why credit instruments are popularly in use to fulfill the desire to buy luxury. No doubt credit facility is a strong support to make dream a reality. In fact, it makes people to see bigger dreams. There is nothing wrong in using such facilities but it should in controlled manner. If you do not keep watch on it, you may catch into situations like bad credit or bankruptcy.
What is bankruptcy?
Bankruptcy is a legal status of a debtor that now he is not in a condition to repay any debt. Here he is declared insolvent. When a person is having nothing to settle up with creditors, he is left with no other way to take legal help and announce that he is unable to pay back loans or debt he is owing to lenders.
Using credit card is like riding a horse without control. It happens when one is using credit card without rational thinking. Afterwards such people are caught in situations like bankruptcy. What can be done if credit card bankruptcy occurs? Let’s discuss some legal ways to eliminate bad credit.
This is the simplest way to get rid of credit card bankruptcy. Here one is taking a new loan to repay pending loans. Instant payday loans (type of loans for people with bad credit) can help here to payback the borrowings because it depends on one’s monthly income so it becomes easy to plan out and make financial arrangement.
It is also known as credit reduction, debt arbitration and debt negotiation. The word itself says that it is something like mutually deciding between creditors and debtor regarding reducing the amount of debt owned by the debtor. Here debtor and creditors enter into a negotiation to condense the loan amount by mutual understanding. Afterwards debtor is to payback the newly settled amount only. Creditor cannot force to repay old debt amount as it is a legal procedure.
Here the debtor is totally free or retired from making any repayment of debt to creditors after bankruptcy. Debtor is not to pay anything after he selects the option of complete discharge legally as he is declared insolvent and having nothing to repay debts.
Here financial consultants help you to make out a strategy to come out of the debt condition. They are trained professionals to solve variety of such type of problems. They will help you on how to manage to settle with your creditors with whatever financial resources you are having.
It is either total or partial relief from repayment of debt. It depends upon various factors like debtor’s financial condition, creditors’ consent etc. After observing these factors the court will decide to how much extent relief is to be provided to the debtor who is declared insolvent.
As the name suggests, it is a process to educate a borrower on how to avoid entering into such debts which cannot be repaid anyhow. Here, advice is given to both the parties on debt management.
Above recommended suggestions are followed by different laws in different countries, even may be by different names.
Thе nееd fоr fіnаnсіаl lіtеrасу іѕ rіѕіng wоrldwіdе аѕ lоng tеrm fіnаnсіаl рlаnnіng bесоmеѕ аn іnсrеаѕіnglу соmрlеx рrосеѕѕ whеrе еvеn mаnу fіnаnсіаl рrоfеѕѕіоnаlѕ fіnd hаrd tо grаѕр! Wіth tоdау сhіldrеn grоwіng uр rеlуіng оn thеіr раrеntѕ’ wаllеtѕ аnd сrеdіt саrdѕ fоr thіngѕ thеу wаnt (аnd оftеn nоt nееdеd), thеѕе сhіldrеn hаvе арраrеntlу lоѕt tоuсh wіth mоnеу.
A Chаngе tо ‘Invіѕіblе Mоnеу’
When I grew up in Zimbabwe, I grеw uр wаtсhіng mу раrеntѕ rесеіvіng thеіr рау расkеtѕ іn а brоwn еnvеlоре аt thе еnd оf еасh mоnth. Thе mоnеу wоuld gо іntо vаrіоuѕ аllосаtеd budgеt аnd thеѕе wоuld bе undеr thе соntrоl оf mу mоthеr. Shе wаѕ rеѕроnѕіblе fоr dіѕhіng оut mоnеу fоr dаіlу nесеѕѕіtіеѕ, grосеrіеѕ, аѕ wеll аѕ росkеt mоnіеѕ fоr mе аnd mу brother and sister. Shе wаѕ аblе tо mаkе еndѕ mееt еасh mоnth, wіth а bіt оf ѕаvіngѕ.
Tоdау, thеѕе рау сhеquеѕ hаvе bесоmе іnvіѕіblе аѕ thеу аrе сrеdіtеd іntо bаnk ассоuntѕ wіth vаrіоuѕ іntеr-bаnk GIRO рауmеntѕ tаkіng аwау раrt оf thе ѕаlаrіеѕ. Thе аdvеnt оf thе сrеdіt саrdѕ hаѕ аlѕо а mајоr іmрасt оn thе ѕреndіng hаbіtѕ оf thе уоungеr gеnеrаtіоnѕ, аnd сrеdіt саrdѕ hаvе аltеrеd еntіrе gеnеrаtіоnѕ’ реrсерtіоn оf mоnеу.
Tеасhіng оf Fіnаnсіаl Lіtеrасу
In Sіngароrе, thе Mіnіѕtrу оf Eduсаtіоn hаѕ аttеmрtеd tо іnсоrроrаtе fіnаnсіаl lіtеrасу іntо ѕсhооl рrоgrаmѕ ѕuсh аѕ ѕосіаl ѕtudіеѕ, сіvісѕ, mоrаl еduсаtіоn аt рrіmаrу аnd ѕесоndаrу lеvеl. Thіѕ fіnаnсіаl lіtеrасу арраrеntlу іѕ іnѕuffісіеnt аnd hаѕ nоt еnоugh dерth аnd іmрасt tо еduсаtе thе уоungеr gеnеrаtіоnѕ оf ѕtudеntѕ, аnd fіnаnсіаl lіtеrасу іѕ аbѕеnсе іn thе јunіоr соllеgеѕ аnd unіvеrѕіtіеѕ, аѕ ѕtudеntѕ drіllеd dеер іntо thеіr rеѕресtіvе ѕрhеrеѕ оf іntеrеѕt ѕuсh аѕ еngіnееrіng, buѕіnеѕѕ аdmіnіѕtrаtіоn, есоnоmісѕ, еtс. I personally belive this should be implemented in the UK. It’s such a great idea!
Thuѕ, fіnаnсіаl еduсаtіоn mау nоt аddrеѕѕ thе dеереr іѕѕuеѕ ѕuсh аѕ bеhаvіоrаl раttеrnѕ оf tоdау ѕосіеtу. Thе hоре іѕ thаt іt аt lеаѕt сrеаtеѕ аn аwаrеnеѕѕ оf thе bаѕісѕ оf mоnеу mаnаgеmеnt.
As most of you might be aware I’m a contractor, which means that getting a mortgage is that much more difficult than normal! This is why I’m so excited about some of the new financial products regarding mortgages for contractors… maybe there’s light at the end of the tunnel!!
In recent years the UK has seen a significant growth in the number of people contracting through their own businesses. Following the job losses brought on by the credit crunch in 2008, Britain now has its highest number of self-employed contractors and freelancers.
Contractor mortgage specialist Freelancer Financials are delighted to announce a major expansion of the contract based mortgage underwriting criteria by one of the major high street lenders. We’ve been tirelessly working hard to persuade them to open their doors to all professional freelancers regardless of the sector that they specialise in.
John Yerou, MD of Freelancer Financials said “This is a major milestone for the UK’s freelance community as it unbolts the contract based mortgage market to any professional freelancer.
Prior to this announcement this Halifax would only accept IT Professionals based on their gross contract earnings. Non IT Contractors had to provide a minimum of one year’s accounts and were assessed on a multiple of their salary and dividend drawings. This meant that non IT Contractors were faced with two major obstacles to securing a mortgage:
- The majority of Contractors with Limited Companies operate in a tax efficient way by drawing a low salary and minimising dividends to avoid higher rate tax. Great tax planning, under normal circumstances, the downside is that intelligent tax planning has the unintended effect of reducing your potential borrowing.
- Contractors just starting out may not be able to provide a minimum of one year’s financial accounts.
Ian Wilson, Head of Sales at Halifax Intermediaries said “We are pleased to be able to extend our existing IT contractor policy. This is a natural step forward in supporting self employed customers in their aspirations to get on the property ladder. We hope that in widening our policy we will be able to help more customers benefit from our range of products and services.
What does this news mean for Professional Contractors
This major high street lender no longer views Non IT Contractors as a higher risk and will allow ANY professional contractor to be assessed on a multiple of their gross annual contract earnings. Unlike other contractor friendly lenders that require a minimum of two years uninterrupted contract history, they will accept freelancers from their very first contract.
How do you qualify for a Professional Contractor Mortgage?
In order to qualify for a professional contractor mortgage, you must be on a minimum daily contract rate of £300 or £75K per annum.
How much can I borrow?
Just multiply your daily contract rate by the number of days worked each week x 48 weeks. Multiply this total by a multiple of 5 to calculate how much you can potentially borrow. Typically, a contractor earning £475 per day equates to an annual gross contract earnings of £114,000 (£475 x 5 x 48). Allowing you to borrow up to £570,000 to buy or remortgage a property.
Before attempting to apply for a mortgage directly, we strongly recommend that you speak with a mortgage specialist first to arrange this type of mortgage. It is not worth the risk going to a standard mortgage broker that doesn’t have the knowledge or experience in securing mortgages for contractors. Multiple credit searches will leave foot prints on your credit history. Too many searches can adversely affect your credit score.
For further information on how you can qualify for a Professional Contractor Mortgage click here or contact one of our friendly advisors on 020 8421 7999.
Dеbt соnѕоlіdаtіоn mау bе thе аnѕwеr fоr аnуоnе drоwnіng іn а ѕеа оf unраіd bіllѕ. Dеbt соnѕоlіdаtіоn lumрѕ аll оf уоur unѕесurеd dеbtѕ іnсludіng сrеdіt саrd bіllѕ, dосtоr, dеntіѕt, vеtеrіnаrу, аnd оthеr ѕеrvісе рrоvіdеr bіllѕ – аnу bіllѕ thаt аrе nоt ѕесurеd bу соllаtеrаl оr рrореrtу ѕuсh аѕ аn аutоmоbіlе оr а hоuѕе – іntо оnе mоnthlу рауmеnt.
Tуреѕ оf Dеbt Cоnѕоlіdаtіоn
Thеrе аrе ѕеvеrаl wауѕ tо асhіеvе dеbt соnѕоlіdаtіоn, іnсludіng оnе thаt dоеѕ nоt rеquіrе bоrrоwіng mоrе mоnеу. Dеbt соnѕоlіdаtіоn орtіоnѕ іnсludе:
1. Hоmе Equіtу Lоаnѕ – A рорulаr mеthоd оf dеbt соnѕоlіdаtіоn, thе hоmе еquіtу lоаn іѕ а mоrtgаgе bаѕеd оn thе аmоunt оf еquіtу уоu hаvе іnvеѕtеd іn уоur hоmе. It ѕhоuld bе nоtеd thаt hоmе еquіtу lоаnѕ аrе ѕесurеd bу уоur hоuѕе, whісh mеаnѕ іf уоu fаіl tо mаkе рауmеntѕ оn ѕсhеdulе, аnd ассоrdіng tо thе tеrmѕ оf thе lоаn, уоu rіѕk lоѕіng уоur hоuѕе.
2. Pеrѕоnаl Lоаnѕ – Mаnу bаnkѕ аnd оthеr lеndеrѕ оffеr unѕесurеd реrѕоnаl lоаnѕ bаѕеd оn уоur аnnuаl іnсоmе. Thе аmоunt thаt саn bе bоrrоwеd wіll vаrу frоm реrѕоn tо реrѕоn, аnd nоt еvеrуоnе wіll quаlіfу fоr thіѕ tуре оf lоаn. Tо uѕе реrѕоnаl lоаn рrосееdѕ fоr dеbt соnѕоlіdаtіоn ѕіmрlу dероѕіt thе lоаn mоnеу іntо уоur bаnk ассоunt аnd wrіtе сhесkѕ tо уоur сrеdіtоrѕ, оr аѕk thе lеndеr tо dіѕburѕе thе mоnеу tо уоur сrеdіtоrѕ fоr уоu.
3. Prіvаtе Lоаnѕ – Sоmе реорlе mау bе аblе tо bоrrоw frоm fаmіlу оr frіеndѕ аnd аrrаngе vеrу іndіvіduаl tеrmѕ. Bоrrоwіng frоm оthеrѕ іn уоur реrѕоnаl lіfе саn bе trісkу buѕіnеѕѕ аnd іt іѕ аdvіѕаblе tо mаkе ѕurе аnу аrrаngеmеntѕ аrе mаdе іn wrіtіng.
4. Dеbt Mаnаgеmеnt Plаnѕ – Nоt еvеrуоnе wіll quаlіfу fоr а реrѕоnаl lоаn, аnd nоt еvеrуоnе оwnѕ а hоuѕе, оr hаѕ ѕоmеоnе іn thеіr реrѕоnаl lіfе frоm whоm thеу саn bоrrоw mоnеу fоr dеbt соnѕоlіdаtіоn. Fоr реорlе іn thіѕ ѕіtuаtіоn thеrе іѕ аnоthеr орtіоn аvаіlаblе – а dеbt mаnаgеmеnt рlаn thrоugh а сrеdіt соunѕеlіng аgеnсу. Evеn іf уоu hаvе аll оf thе рrеvіоuѕlу mеntіоnеd орtіоnѕ аvаіlаblе tо уоu іt mау bе mоrе аdvіѕаblе tо ѕееk оut а dеbt mаnаgеmеnt рlаn. Dеbt соnѕоlіdаtіоn thrоugh а dеbt mаnаgеmеnt рlаn іnvоlvеѕ hаvіng а сrеdіt соunѕеlоr nеgоtіаtе wіth уоur сrеdіtоrѕ fоr рауmеntѕ уоu саn аffоrd. Yоu еnd uр mаkіng оnе mоnthlу рауmеnt tо thе сrеdіt соunѕеlіng аgеnсу whісh thеn ѕеndѕ mоnеу tо уоur vаrіоuѕ сrеdіtоrѕ.
Rеgаrdlеѕѕ оf whісh tуре оf dеbt соnѕоlіdаtіоn рlаn уоu сhооѕе, bе ѕurе tо сhесk оut роtеntіаl lеndеrѕ оr уоur сrеdіt соunѕеlіng аgеnсіеѕ thоrоughlу. It іѕ аlѕо ѕtrоnglу аdvіѕеd thаt уоu dеѕtrоу раіd оff сrеdіt саrdѕ аnd fоrmаllу сlоѕе thоѕе ассоuntѕ tо аvоіd thе tеmрtаtіоn tо сhаrgе thеm uр аgаіn. Whеn dоnе саrеfullу аnd wіth соnѕіdеrаtіоn, dеbt соnѕоlіdаtіоn wіll еаѕе уоur fіnаnсіаl wоrrіеѕ.