Bankruptcy - Having been legally declared financially insolvent. There are two types of bankruptcy - liquidation, in which your debts are cleared (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts.Collateral - Property acceptable as security for a loan or other obligation.Collection Agency - A company hired by a creditor to collect a debt that it is owed.Contract - An agreement...more
"You will never find time for anything. You must make it."-Charles BuxtonAccording to the organizers of Take Back Your Time Day, which was held on October 15, if Americans quit working on that date and didn't work for the rest of the year, we would be working the same number of hours as the average European. Even with high unemployment, America has experienced near-record mandatory overtime.The October 11, 2004 issue of Time magazine reports that...more
Is working from home all it's cracked up to be? I've worked from home for the last 27 years so I guess I am entitled to make some observations about how it works. There are some critical issues that you would need to consider - 1. Discipline. Working from home means working - not staying. And the temptations for walking away from the work can be compelling. Kids come home with great news so that's a good reason. A movie on TV I want to see - well that's pretty compelling. How about when I'm not in the mood. You know - the words aren't flowing, the mind feels like porridge, there's no-one to see me. It's easy to simply find an excuse and justify it with a catch-up clause. I'll work later when everyone has gone to bed. I'll get up early. Yeah. I work from home because I like the flexibility. I can take a break to listen to my kids - they are both away at university now - but I watched them grow up - and I got the chance to grow up with them. I can goof off if I feel like it - but you have to face the facts that the work has to get done. If you take time out for some other activity - you have to put it back. I smile when I read about all the guys who work in their pajamas at home -...more
A strategic question. Why indeed?1. A penny share would usually refer to a share available for less than $1.00. This makes the aquisition of shares manageable by even the most modest investment budget.2. The London Business School's research indicates that generally the smaller companies outperform their big brothers every year (except in the depth...more
Investing is about Discipline If you don't have discipline then walk away from the idea of being rich. You see, getting rich without discipline is relying on the lottery or your favorite pony ambling past the finish line in front. And how likely is that...? The idea of wealth retention is what you have to consider and grasp firmly. That must be the...more
The foreign exchange market, or Forex market, is an around-the-clock cash market where the currencies of nations are bought and sold. Forex trading is always done in currency pairs. For example, you buy Euros, paying with U.S. Dollars, or you sell Canadian Dollars for Japanese Yen. The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex rate. These changes can occur at any time, and often result from economic and political events. Using a hypothetical Forex investment, this article shows you how to calculate profit and loss in Forex trading.To understand how the exchange rate can affect the value of your Forex investment, you need to learn how to read a Forex quote. Forex quotes are always expressed in pairs. In the following example, your pair of currencies are the U.S. Dollar (USD) and the Canadian Dollar (CAD). The Forex quote, USD/CAD = 170.50, means that one U.S. Dollar is equal to 170.50 Canadian Dollars. The currency to the left of the "/" (USD in this example) is referred to as base currency and its value is always 1. The currency to the right of the "/" (CAD in this example) is referred to as the counter currency....more
Why is it that no matter what you do to boost morale, from parties and picnics to pats on the back, you end up with the same short-lived results? You know, everyone's happy for a couple of weeks, then they default to heel dragging and excuse making...more
Are you a small scale business person looking for a loan to finance day to day requirements of your upcoming business? But the problem is that you have bad credit mentioned against your name in your credit report. Do not worry as there are now many...more
Every little expense or income can make a difference in the ledger books of a business. It is therefore crucial to maintain accurate accounts of the daily transactions of a business to ensure maximum optimization of resources. An organization often...more
Have you always dreamt of owning that personal set of wheels, which can fetch you those envious glances of your neighbours? And several times, you must have dispensed with the idea thinking that dreams are dreams. You are mistaken here. Dreams are...more
Education is described as a liberating force and is mandatory for all. But, escalating cost of education is creating hindrance in the way of success for many of the students. Many of the students have opted employment as a means to cope with this...more
Expenses emerge unexpectedly which an individual might not be monetarily prepared. The expenses cannot be avoidable and also to meet them money might run short amid the month. Thus in such situations, you can easily opt for cash loans and borrow the...more