To begin, you might look at playing the stock market as though you were playing a game of Monopoly. That's right; for playing the stock market 'game' is not unlike playing a game of Monopoly. There are definite comparisons and parallels. In Monopoly there are a Boardwalk, a Marvin Gardens, Utilities, Railroads, etc. In the stock market you have the same type of properties (stocks), as in the game of Monopoly. For example, a Boardwalk may be a GE;...more
While most people prefer other businesses, some people get into laminate flooring business. Like any other business in the world, if done right, it's a quite profitable business. Laminate flooring has been successful since it was introduced on the market, first in Europe and then in the United States in 1996.Here are some basic steps to follow before you start your laminate flooring business: You should make specific short and long-term plans...more
Many people confuse a home-equity line of credit with a home-equity loan. With so many different kinds of loans it can get confusing. So lets look at the difference so you can get a better understanding of what works best for you.Home Equity Line Of CreditHome-equity lines have experienced unprecedented growth in the past two years and presently represent 80 percent of the home-equity market. A home-equity line of credit is a varible interest rate loan that works like a credit card. You get a pre-determined loan amount that is secured by your home. Most come with checks and credit cards that you can use to draw on as you need the money. Most lenders only require an interest only payment for either 10 or 15 years. After that the loan must be paid in full. The reality is most people will sell their home and pay the loan off before it actually comes due. You could always refinance if you decide you want to stay in your home. An important thing to remember on a home-equity line of credit is it is based on varible interest rates. These varible rates will cause your payment to change as the interest rates move up or down.Home Equity LoanA home-equity loan has a fixed interest rate and...more
An annuity is a contract with an insurance company to make periodic payments for retirement income and sometimes other purposes. There are basically two types of annuities. Fixed Annuities A fixed annuity earns a guaranteed interest rate over a specific period of time. When this period of time expires a new interest rate is set for the next period...more
Do you have the tolerance for the risk involved with day trading? Day trading is not a get rich quick business. It is not technically even investing. This competitive game of day trading is speculation at its core and the odds are against you in favor of failure. But for those who crave this type of environment it can be a very exciting and...more
So you are interesting in becoming a landlord? Investing in rental properties can be an exciting and very profitable business. Not only can real estate provide current income through rental property but it also can increase your personal wealth or networth. Make no mistake, this is not a sure thing to easy money and investing in real estate is not for everyone. There are risks as with any business or investment but with careful research and the help of a real estate professional you can find the right property in the right location for maximum return on your investment. Steps to purchasing your rental property Meet with a mortgage broker to determine how much you can borrow and to obtain approval for a loan. Next you need to determine the type of property you are looking for. Will it be a single family home or commerical property with multiple units? When you have a potential property identified estimate the possible rental income you could expect from this property based on comparable rentals in the area. Determine your anticipated cash flow from the rental. You will need to consider income from rent compared against all expenses including the mortgage, insurance, property...more
So you decide to start your own Internet business with some really great products. You have a great looking site and everything is set up, so you're now ready to jump into the online shark pool and dominate the Net right?I know that you're saying...more
Every year over 8 million homeowners are seeking help preventing foreclosure proceedings. This is a stunning 30 year high. Experts project that by 2006, 12 million homeowners will be teetering on the brink of foreclosure. Many homeowners are not...more
Many taxpayers are confused about how long they should keep tax records. The term "tax records" refers to your tax returns and the documents that support the information in the returns. These documents can include receipts, bank statements, 1099s,...more
Imagine a catastrophic event triggering the government to change the rules covering your checking account. Actually, you don't have to imagine it because it happened in New York on 9-11.The ensuing halt to commerce in the immediate days after 9-11...more
The Cash to Cash CycleFinal of SeriesPart One: http://www.bizmanualz.com/articles/01-05-05_inventory_procedures.html?src=ART78Part Two: http://www.bizmanualz.com/articles/01-11-05_accounts_receivable.html?src=ART79Part Three:...more
When your company is forming long-term offshore outsourcing relationships with another company, the foundation of the success of this venture should be laid during the negotiation period itself. The centerpiece of this negotiation period is the...more