CALCULATORS and ledgers, regardless of its brand, have become the most sought after things that most millionaires in the United States have been keeping wherever they go.Alarmed over the extent of the global economic meltdown, even millionaires (who used to spend fearsome figures on a day-to-day basis) have been putting up a system that would keep them on top of their spending. Wealth advisors have also been very busy lately putting a budget cap...more
MOST of us must have already found ourselves in dire need of cash. The reasons could vary --- house nearing foreclosure, hospital emergency, tuition fees, food, among many other legitimate reasons to be in real need of cash.Thered be those whod try to borrow some from friends and relatives, while others would make cash advances from their work. To some, stealing or robbing others is the fastest solution to their urgent need for cash.However,...more
PEOPLE would often consider the banks as a depository institution, limited to the function of being a place where we can keep our money safe. Seldom do we find people whod consider investing their money in banks because of its small interest rates.Banks, regardless of whether it is a commercial bank or a thrift institution, usually offers 3.5 percent for a five year tie-up arrangement or two percent per annum at the most.Because of the banking systems long deposit agreement period, most would rather take their money to the stock market where they stand to get fairly more than what banks could offer for a period that isnt really that long.360 degree swingBut then, when recession hit the United States and the rest of the world, stock markets around the world suffered a slump. People see recession as something that gives them no guarantee or safety of their money while in the stock market.Instead, they would opt to have their money taken into the bank not just for safety but to earn fairly a little more than having it at the stocks. It seemed that prospects of earning higher rates could be most likely better in a bank.Finding other optionsDespite the global financial meltdown, there...more
INCURRING debt is a normal thing in a place that is hit and adversely affected by global recession. To some, it is unavoidable. Indebtedness however should stop at some point.In the United States, Americans seemed more apprehensive over their growing debt, which includes car payments, mortgages, credit cards among others. They seemed unable to get...more
WHILE most of us would want to get out of a debt mess, there is actually a lucrative business whose business is to buy debt. While collecting somebody elses debt is already in itself a big business, buying debt is a much lucrative scheme. There is however a need to emphasize that in this type of business, the bigger the potential, the higher the...more
ANNOYED with calls from debt collecting agencies? Pressured perhaps or threatened? People who have accumulated obligations that have been remiss often suffer from frequent calls to pay up. Collecting agents would always have a good reason to believe that what they are doing would help in their bid to collect unpaid dues in behalf of a client.Why not? These collecting agencies are into a very big and lucrative business especially at a time when collection is of utmost importance. In fact, these collecting agencies would even buy somebody elses debt for a bigger profit.Real annoyance starts when your debt has already been sold to a collecting agency by the person or entity from whom you owe money. These collecting agencies would do everything, from very frequent phone calls that tend to press you to immediately pay up or else, to taking your case to courts. They have every reason to make you pay up. Motivations come in on a long list of strategies, which includes harassment.Dealing with collecting agenciesCollecting agencies, also known as litigation referral companies, are pressing for payment based on federal laws in the same manner that debtors themselves are protected by the...more
BORROWING money for valid reasons at a time when it is most needed isnt actually a bad idea. Most of us would agree that it is the most logical thing to do, especially during emergencies. But how do we really keep ourselves away from debt...more
ACCUMULATED unpaid dues hurt, especially if acquired through credit cards. People wanting to get out of debt mess are strongly advised either to stop using credit cards or to at least see to it to pay whatever is charged to your account at the end of...more
AMERICAN people, who are drowning in the sea of debt, have found a potential road out of indebtedness. The road however does not come in as free. Every single dime of your debt would still be paid from your hard earned money. The only good thing...more
If you're an entrepreneur and you plan on getting funding assistance for your business, one option you may consider is a term loan. In this article, we'll discuss the basic points about term loans for small businesses.Business startup financingWhat...more
Are you wondering if it is a smart idea to roll over your 401k plan into an IRA? Everyone's situation is different and there are many things to take into account but for many of the families I talk to the answer is a resounding Yes. Why? There are...more
Would you like more control of your finances? The first thing you'd need to do is to actually create a plan. And then, you need to keep your goals and purposes in mind as you invest. But that's just the beginning. Read on for two more of the six key...more