bookmark_borderPrepare for First Meeting With Financial Planner

Organize Your Records

Your first step is making a list of all your assets, debts, and otherwise getting a comprehensive breakdown of your current financial standing. Most advisers will want to see tax returns, pay stubs, pension statements, investment and fund statements, and even your informal monthly budgets. If you can, try to have the past three years worth of records on hand before going to the meeting.

Decide What You Need

With your financial history in mind, you need to determine whether what you most need is financial planning, investment management, or both. Financial planning involves someone helping you create and execute a financial plan for your future, including IRAs and other tax strategies, as well as long-term investments to prepare you for retirement.

Investment Management on the other hand, takes a more aggressive approach to building wealth. If you are not interested in managing your own investments to aggressively build wealth, some people have had success using an investment manager to create a portfolio of stocks, bonds, and funds to grow your money so you have a bigger nest egg when you do retire.

Understand How Advisers are Paid

An important consideration when searching for a private banker is to fully understand how they are compensated, and in particular be on the lookout for any potential conflicts of interest they may have when managing your money. Some are paid by an hourly fee, or a flat price for services or a subscription.

Others receive a percentage of the assets they manage, or a percentage of the interest gained on the client’s account during a term. Still others receive commissions from companies selling financial products and mutual funds that may not be in their clients best interests. Know that you are getting a fair deal.

At The Meeting

When you go into the meeting do so with an open-minded and patient attitude. Be realistic in your expectations and do not expect answers to your problems to appear instantaneously. Also, listen to your instincts and initial feelings about the person you are dealing with. Do they seem straightforward and trustworthy? Or, in the worst cases, do they bully you into investments that you are not comfortable with? Be aware of anyone who promises the world.

bookmark_borderReasons You Put Off Credit Repair

  • You don’t know where to start.
    If you’ve never examined your credit, you may not even know how to start to repair credit scores. Look online for credit tips to find out what you owe and how to start debt management.
  • You don’t know what to do about erroneous debts.
    Looked at your credit report and found that you don’t know what some of the entries are for? As many as 42 million people have errors on their credit reports.
  • You think you don’t have the time.
    Credit repair can be a time-consuming activity. But, with the help of quality credit repair companies, you can outsource some of the leg work while reaping the benefits of a better credit score.
  • You are embarrassed.
    Many of us have had debt management issues due to youthful disregard for financial responsibilities or getting in over our heads with credit card debt. But, your bad credit won’t go away unless you confront the issue head on.
  • You don’t want a significant other to know.
    There aren’t any hard figures on how many people are hiding debt from a husband or wife, but, the issue is common. By confronting your debt and working to repair your credit, you can build a better relationship and better possibilities for your shared future.
  • You feel alone.
    Few people talk about their debt issues, so, you may feel like you are the only one who has struggled with bad credit. Caring credit repair companies can help you through your struggle and help you overcome any feelings of isolation, while giving you credit tips and the tools to build a better financial future.

bookmark_borderDrop in Small Business Hiring

Small business hiring dropped in September. If you want to know want’s going on in the market and find secure and cheap alternative business loans, this article is right for you.

Small Business Hiring &Alternative Business Loans

Up to now, small businesses tracked by ADP, a payroll company, report to have added on average some 28.600 jobs on a monthly basis. In 2018, that figure was 52.000. In August, that number was 66.000.

In September, U.S. companies increased the number of jobs by 135.000, according to a private survey by ADP. In comparison, the monthly average in 2018 was 225. 000. Mining and manufacturing were particularly weak. With the former having cut 3.000 jobs and manufacturing having added only 2.000 jobs.

In fact, September registered a drop not only in small business hiring but also in job creation at companies of all sizes.

Overall, employers say the difficulty of finding qualified employees creates problems for hiring. However, this year’s drop-in hiring is accompanied by economic uncertainties and the influence caused by tariffs on the companies in the U.S.

Are you a small business owner in the U.S? If you need access to capital for your growth, turn to a reputable alternative online lender that can easily approve you for business funding. In fact, this is the fastest access to business financing such as alternative business loans at the cheapest rates.

Small Business Employment

Big companies having more than 500 employees are adding 67.000 jobs, according to ADP. Smaller ones having fewer than 50 employees have added just 30.000. As for mid-sized companies, they’ve added 39.000.

By the way, big players in the tech field, such as Amazon, Microsoft, and Google, have made promises to cut their carbon emissions. The reason is that employees are proactive in this regard. Besides, these companies are under pressure coming from the outside. However, they aren’t slashing their business connectedness to the oil and gas industry.

Microsoft, and other major tech companies have been working on striking profitable partnerships with ExxonMobil, Chevron, Shell, BP, and not only. They’re providing services related to cloud computing and AI.

To sum up, there’s a decrease in small business hiring. Mining and manufacturing have shown poorest results.

Author Bio: Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of business owners with their alternative business loans solutions. He’s experimented with various occupations: computer programming, dog-training, scientificating… But his favorite job is the one he’s now doing full time — providing business funding for hard working business owners across the country.

bookmark_borderFinding a Suitable Pharmacy Loan

Create a Suitable Due Diligence/Business Plan and Budget

As with any large financial decision you will make, it is extremely important that you work out your budget. You should look at your overall financial position, before you start seeking finance and this means:

  • Establishing a suitable due diligence/business plan;
  • Establishing a suitable budget, whereby you prepare a list of all your assets as well as your expenses and out-goings. You can do this by using a Budget Planner calculator; and
  • Calculating how much you may be able to borrow by using a Borrowing Power calculator.

Arrange for Pre-Approved Pharmacy Loan

You should arrange for pre-approved pharmacy loan as it will give you the peace of mind knowing that:

  • You will have the upper hand when negotiating the sale price of the pharmacy practice with the vendor, real estate agent, etc.
  • You will have a clear picture of what the affordability and borrowing limits are;
  • Your loan request has already been pre-approved by the lender/credit provider; and
  • You will know the conditions of your pre-approval.

bookmark_borderChoosing Credit Card Carefully

Always report any fraudulent charges that you notice on your cards as soon as possible. By doing this, you can help your card company catch the thief who is making these unauthorized charges. This will also allow you to be sure that you aren’t responsible for the charges they made. Any charges that you did not make need to be reported to your company with a phone call or a high priority email.

In order to maintain a solid score, always pay your balances by the due date. Paying late can rack up expensive fees, and hurt your score. Setting up an automatic payment schedule with your card company or bank can save you time and money.

In order to keep a good rating, be sure to pay your bills on time. Avoid interest charges by picking a card that has a grace period. Then you can pay the entire balance that is due each month. If you cannot pay the full amount, pick a card that has the lowest interest rate available.

If you have any cards that you have not used in the past six months, then it would probably be a good idea to close out those accounts. If a thief gets his hands on them, you may not notice for a while, because you are not likely to go looking at the balance to those cards.

When signing card receipts in stores, don’t leave blank spaces. If the receipt includes a tip line and you aren’t leaving a tip, draw a line in the tip space. If you do not you take the chance of an employee writing in an amount themselves. When your monthly statement arrives, compare the charges with your receipts to ensure that everything matches.

Be aware that there are credit card scams out there as well. Many of those predatory companies prey on people that have less than stellar credit. Some fraudulent companies for example will offer credit cards for a fee. When you send in the money, they send you applications to fill out instead of a new credit card.

Don’t open too many credit card accounts. A single person only needs two or three in his or her name, in order to get a good credit established. More credit cards than this, could actually do more damage than good to your score. Also, having multiple accounts is harder to keep track of and harder to remember to pay on time.

Make sure you save your statements. Before you file them away, pay close attention to what is on them as well. If you see a charge that shouldn’t be on there, dispute the charge. All credit card companies have dispute procedures in place to assist you with fraudulent charges that may occur.

If you pay your credit card bill with a check each month, make sure you send that check out as soon as you get your bill so that you avoid any finance charges or late payment fees. This is good practice and will help you create a good payment history too.

It is easy to underestimate how much you owe on your credit card if you use it frequently at restaurants and grocery stores. This is because those charges can take longer to appear on your credit card statement, and so you think you have spent less than you actually have. This can lead to you spending more money since you will have the perception that your balance is actually lower than it is.

Never transfer your credit card numbers via a fax. Faxes are sometimes not picked up as soon as they are received, which gives many people ample opportunity to get at the information. Any random person with access to these areas could steal your identity. This will create a ton of problems.

Be careful when you are signing up with secured credit card companies because a lot of them charge high fees in exchange for issuing you a card. If you have to get this type of card, then you should shop around to make sure that you are paying the lowest fees.

Check with your credit card company to see if they will reduce the annual percentage rate on your card, particularly if you have solid credit. In many cases, they’ll be more than willing to oblige. Any reduction in interest rate can really add up to huge savings for you in the long run.

How do you feel now? Are you still scared? If so, it is time to continue your credit education. If that fear has passed, pat yourself on the back. You have educated and prepared yourself in a responsible manner.

bookmark_borderGive the Gift of Financial Literacy

A healthy savings habit is the gift that keeps on giving. All of life’s major money milestones – whether it’s for a down payment, starting a new business, or a long period of unemployment- require having cash in the bank. For your children, the feeling of being able to tackle challenges like these without parental support is both extremely liberating and a memory they will pass onto future generations. Although everyone’s situation is different, a good rule of thumb for those starting out is to put 10% of total income toward long-term goals (like retirement) and 10% toward short-term goals (like the emergency fund or a house down payment.) To help ensure success, we recommend having these savings deductions automatically withdrawn from a paycheck into separate accounts each month. We find that it’s much easier to not spend if you don’t see the money. And for those who’re receiving holiday bonuses for the first time, save at least 50% for the future. We promise that this practice will have you remembering the holidays in a positive light for years down the road.

Every year on TV we see the Grinch who tries to ruin Christmas. But for twenty-somethings, he’s going by a different name this year – debt. As a parent you’ve known for a while that there’s no such things as free money, but this is a new concept for young adults. Tour guides don’t discuss loan repayment strategies on the campus tour and credit card companies don’t emphasize their high interest rates while they tempt kids with free t-shirts on the Quad. Credit cards are one of the best ways to help establish good credit. They can also come with great perks, travel benefits and discounts. But, all of these “benefits” are only helpful if these cards are used responsibly. If you’re comfortable, help your child open their first credit card, but discuss with them the importance of paying it off in full each month. Show them how incredibly high the interest rates are on these cards – higher than the return any investment or savings account will ever earn them. We recommend starting with a low credit limit ($500 or less) for the first year or so while they grow accustomed to paying off the card each month. If your student was one of those kids that picked up one of those free t-shirt/credit card combos, but doesn’t remember what happened to either, it also would be a good idea to check out their credit report. This report will give you the details on the card, as well as help you monitor for fraud or identity theft. Although there are many online sites that will show you your credit report, there’s only one site, annualcreditreport.com, that’s authorized by the federal government to show your credit reports from all three reporting agencies each year.

bookmark_borderAdvantages of Collecting Rent Online

Controls management costs

Collecting rent online reduces property management expenses. This allows you to cut down on operation costs, and lets property management fees remain low, which is definitely an advantage for property owners.

Improves customer service

Instead of collecting and processing paper checks, your team can spend more time focusing on their marketing efforts and improving the relations with the residents.

Lessens past due accounts

Since there are different online payment options – such as PaypPal, eCheck and credit card – there will be a considerable reduction in late payments. In addition, mobile alerts that remind the residents that the rent is due, or when the due date is drawing near, usually prompts an immediate payment when your system is mobile device optimized.

Adds more security

Paying rent online gets rid of the risks involved with cash payments. Moreover, your insurance company is more likely to reduce your coverage when you do not maintain cash on-site.

Makes dispute resolutions easier and makes an audit track

Online rent payments generate a digital paper trail. If ever a resident claims that he/she paid online, you can check the system at once to confirm or refute the claim. With a fully incorporated property management software package, you can update owner statements, evaluate late fees and automatically trail split payments. The processing of rent payments and owner disbursements are more secure since sensitive personal info is never compromised. Your accounting group can just click to get a snapshot of those who have or have not paid to allow well-informed financial resolutions.

bookmark_borderAbout Payment Gateway and Credit Card Processing

While the whole process of swiping the card takes not more than a few seconds, there are quite a few factors which affect the money transfer process. So choosing a proper processor is a must to make the complete process secure and fast. It should also be hassle free without any hidden charges or any other fees. Payment processing speed and security could be a deal breaker with the customer if it is not up to the mark. Accepting credit card is not enough, you should also look for a merchant account services. A few payment processing companies have a high merchant account rate but provide mediocre merchant services.

A proper Credit Card processor provides support to every aspect of your business starting from merchant account processing by providing you with merchant processing account. The processing of credit cards and debit cards with a fast response from both the front-end and backend is the key to a proper business merchant processing. The charges may vary according to the payment gateway, but you can find yourself relieved of the hassles you otherwise had to take. They take care of the details of cards along many devices like mobile device, POS, etc., and verify the data according the card holders name. The transfer request is sent almost immediately for crediting the same amount to the merchant’s account.

These companies are already developing their commitment towards the security of transfers. Even the small businesses are relying more on the cashless transaction, thus the small business merchant support is also being provided by many such processors. They accept credit card payments and process them taking utmost care to provide security and speed.

To assure the merchant of the security and speed of the processing, the companies are engaging their efforts in making the payment gateway more encrypted. Thus any chances of forgery or hacking are obliterated. With the latest 128-bit SSL algorithm, only the merchant and customer have the right to know the required part of the transaction, I. e. PIN number or identification number on the part of customer and another PIN number for the merchant. This classified information provide the base of the secure mode of payment.

bookmark_borderGeneral Oversight On Loans

You must remember that there are people out there who are ready to fund business loan with you if you have a good credit score of 720 and up, a decent business plan and a stable income. What you must find out is if the business loans suit your business. There are multiple loan options in today’s market to finance your business. From the traditional lenders such as banks to alternate lenders such as angel funding, entrepreneurs are truly spoil for choice. Based on different types of requirements such as time period, size of business, interest rates etc. you are sure to find your perfect lender.

Again through the traditional lending option such as bank, you have more control of your business as compared to the alternate lending options such as venture capitalists and angel funding. Normally banks are interested only to the loan that you repay them back with the agreed interest. But venture capitalists or angle investors agree to pay the loan in share of profits, decision making and ownership of your business. Again getting loans from the banks can be cumbersome and lengthy. They not only verify your credentials and your business before granting you a loan but also look into your credit score, your credit history, your financial strength and other details, which frankly speaking takes quite a time as compared to angel funding or investors. They provide you loan in a greater amount based on your business plan and opportunity your business throws up in the future. They are more concerned about the profits your business is poised to bring in for them. There are also early repayment options without penalty in some loans, Bank loans provide tax benefits to the borrowers because the percentage that is used to repay loans from the profits are done away with. Traditional lenders have a competitive lower interest rates then others putting them on the top list of options for people looking for funding. Banks do have a long list of qualifications that one must qualify for a business loan and again they may not fund 100% of your business. Now that’s some headache!

Normally the risk of loss is borne by the company which is an altogether separate entity when the loan is lent to a corporate entity. If the business fails normally the Normally the personal collateral are not attached but then some banks may attach your personal assets as means of collateral in order to secure their loans that they have lent out.

bookmark_borderLawsuit Loans

How a lawsuit loan works is that the applicants apply for it and if their applications are approved, then, they are sent the money the same day via overnight mail express. This is after they sign a contract with the lending company to pay back the amount of the loan along with compounded interest when they get their compensation from the defendants in the case.

There is no credit check which is required by the lending companies from the applicants for lawsuit loans. This is because the companies consider it to be both irrelevant as well as a waste of time as it does not help in the process of application for a lawsuit loan, instead it hurts it! There are many people who may get rejected because of a bad credit history and the company concerned may therefore lose potential customers with whom it could have been able to earn revenues!

If any of these individuals lose their lawsuit and are therefore unable to secure the recompense which they thought was their right, then they would be freed from all contractual obligations with the lending company. This means that they would no longer be required to pay any amount of money back to the company against the loan amount which they borrowed from it; the amount due from them would automatically become nil according to the terms and conditions of the lawsuit loan contract.