Sunday, October 1, 2017

Paper Money: The Documents You Need To Protect Your Income

paper currency
Most people, when they think about protecting their income tend to focus avoiding fraudsters — or learning how to identify them before it’s too late — and designing a budget plan that can help them to manage their expenses. While these are essential factors of income management, they may not be sufficient when it comes to protecting your access to a regular income. When it comes to building your strategy to get rich, you need to put on your finance expert cap on. But if you’re looking at ways to guarantee that your income is safe, all you need is to have the right document. Who thought that paper would be the core of money matters?

#1. You’re allowed to work here

Let’s start with the most basic ways to get access to any type of work income, which is your actual right to work in the country. In most cases your passport should be a proof of your citizenship. But for immigrant workers, they may need to show evidence of a resident card or their registration receipt card, for instance. But you can also establish your identity and your eligibility for work with other documents, such as a driver license, or a school ID card combined with a Social Security card or an official employment authorization document. 

#2. You’re insured for the time you can’t work

But what happens if you have the right to work, and you might have even worked, but you find yourself in a situation where you can’t go back to work for an extended period of time. An income insurance, if you’ve taken one, is designed to replace your income if you’ve been injured and can’t go back to work. But if your injury has left you unable to work, you might even have access to long term disability coverage options. However, the replacement of your income requires medical evidence that you are in a situation where your work has been made impossible. 

#3. You’ve got a 401(k) plan

You’d be surprised to know that a lot of people have not planned effectively towards retirement. As a result, most Baby Boomers in the age of retiring today can only expect to withdraw about $7,100 per year from their 401(k) account without worrying about running out of money. But in fact, over half of the Boomers generation has not saved anything for their retirement years. You can get an estimate of how much your Social Security income will be by creating an account at ssa.gov. Additionally, you can increase your contribution to your 401(k) plan or contribute to an IRA to invest in stocks, bonds or mutual funds. The bottom line is that you need at least one of these.

#4. Can you prove it’s your business idea?

If you’re an entrepreneur at the head of your own business, the best way to protect your income is to register your brand trademarks. Trademark infringements can drive customers away from you. Unfortunately, without registering your brand, you can’t protect it from being stolen or copied.

The world of income is entirely ruled by your ability to show that you own the right document, from employment rights to trademark protection. Without paper evidence, your income can collapse dramatically.

Monday, September 25, 2017

Using Social Media To Boost Your Finance Career

social finance
Working in the financial industry is a tough business. The various recent financial crises have led to a cultural shift where people tend to move from firm to firm rather than staying anywhere long term. It’s also meant that the job market is more competitive, meaning you need to stand out to stand the best chance of landing a job. Social media is a fantastic place to network within the finance industry, and using it to your advantage could boost your career. Take a look at the following tips on how to use social media to your professional advantage.

Get yourself a LinkedIn account

LinkedIn is the most popular social media platform for professional networking. Unlike Facebook or Twitter, LinkedIn is a platform that is specifically targeted at businesses and job seekers and can be a great way to find out more about the industry you work in, and help others to find out about you. If you’re unsure about how to use LinkedIn to your advantage, it’s worth reading up on how to make the most of your LinkedIn profile to make sure you get out of it what you can. You could even contribute articles to LinkedIn to help demonstrate your interest and expertise in finance.

Join the conversation on Twitter

While Twitter is a microblogging platform, it is a great place for sharing news and debate and is a popular way to find out about jobs too. Rather than simply using Twitter to talk about what you thought of last night’s Game of Thrones, use it to talk about your professional interests. Follow influencers in your field and connect with them - it’s a great way to get your name out there and to make some contacts. 

Show off your interests and hobbies

Most people will include details of interests and hobbies on their resumes, but how can you demonstrate that? Social media is a great way to indulge in your passions and to share them with others, so sharing details of your different social media profiles could be vital for people wanting to find out more about the real you, rather than what they see on paper. He might be an analyst, but Chris Pivik is also a keen photographer, who shares his hobby through Flickr. Being able to link to your profiles to show off your interests and expertise is a great idea for helping employers to notice you, and could be what you need to get an edge over others.

Write a blog

Blogs are a fantastic way to show off your knowledge and experience, things that are important if you want to land a dream job in finance. Writing a blog about something you know well such as investments, money-saving tips or personal finance shows that you genuinely have an interest in the industry, and could connect you to people in ways you didn’t think possible. Getting started with blogging is simple and doesn’t have to cost you anything so you could get started today and start getting your name out there.

Social media can also help you out if you’re planning to start your own business, especially if you’re finding the job market tough. As well as being a place for networking, social media is an effective marketing tool - one you can use to advantage if you know how to use it right. Take some time to think about your online presence and whether or not you could use it to boost your financial career.

Friday, September 22, 2017

A Guide To Earning More From Your Day Job

earning more
As much as you may love your job, the simple fact remains that you go to work to earn money. If money was of no concern, you would probably walk away from your job without a backward glance, delighting at the opportunity to spend more time with your family. A job can be enjoyable, but at the end of the day, it’s the paycheck you receive that really matters.

There are times in life where you may find yourself receiving that paycheck and realizing that it isn’t enough. It doesn’t cover your expenses adequately; it doesn’t give you enough disposable income to enjoy. This might be a temporary situation or something you have been suffering through for awhile, but the facts are the same: you need to earn more than you are currently.

So what can be done about it? For many people, the answer comes in the form of supplemental income; little top-up jobs you can do in your spare time to ensure your financial coffers are never fully bare. While this step can be successful, wouldn’t it be better to just make more from the job you already do, rather than adding to your workload?

Before you launch yourself into the world of supplemental income, it’s worth examining the points below and seeing if any of them appeal. By increasing the amount you earn from your day job, you can keep your spare time for those precious family moments you’re not going to want to miss out on. 

Option One: Ask For A Raise

Sometimes, the direct route is the most effective: just outright ask your boss for a raise.

Obviously, this tends to require a little more tact than just walking into their office and making a demand. It’s often best if you ask for a raise during a performance appraisal. If you don’t receive regular performance appraisals, then you’re well within your rights to ask for one. Explain that you would like to go over some details and would appreciate it if they could arrange for a one-to-one meeting to discuss your performance. No boss worth their salt is going to turn such a request down. 

Within such an arrangement, the conversation should naturally lead to a point where you can discuss your wage. Point out the rises in the cost of living, explaining that though you love the job and are committed to it, you’re struggling to make ends meet. Be honest; it should lead your boss to be more understanding of your situation, and hopefully you can come to an arrangement that suits you both.

Option Two: Increasing Your Earning Potential Through Education

There may be a time in your career when you have gone as far as you can on your existing qualifications. If you’re not satisfied with the wage that you’re earning, then it can be difficult to know how to move into a better role without furthering your learning. 

The answer is adult education, ideally offering you more experience and qualifications to progress in the same industry you are already working in. Most roles offer an opportunity for progress. Nurses can up their qualifications by undertaking an online RN to BSN degree program that increases the work they will be able to do, and thus the chances for progression. If you work in customer service, you can specialize in conflict resolution. Even if you’re an office admin in an entry-level position, you could always think about undertaking an HR qualification and moving into another field of admin. There is always a way you can progress that is related to the experience that you already have. 

Option Three: Apply For New Jobs

There’s no doubt that undertaking a job hunt can be a worrying time. You’ll have to deal with the requirement to prove yourself all over again. You’ll have to go through an application process, then with the interview and all the stress that can involve

However, if you truly want to make more money and there’s no prospect of that in your current role, then applying for new jobs might be your only choice. Bear in mind that any offer of new employment also gives you a stronger negotiating position within your existing job; you can say X company thinks you’re worth X, so is your existing company willing to match that? You just have to be sure that if your current work won’t match another offer, you’re willing to leave. Ultimately, you’ll be best off in a place where they see the worth of your talents anyway-- so you can’t really lose with this strategy. 

Option Four: Change Your Career Goals

If you have reached the top of the tree in your existing industry and your paycheck is going to remain the same for years to come, then it might be best to consider expanding the scope of your career. Rather than remaining in the same industry, you can try to transfer your existing skills into something more lucrative.

If, for example, you have been working in admin and order processing, then the organizational skills you will have picked up might help you with a move into logistics. There are plenty of other skills that are transferable, potentially bringing you into a marketplace where the pay rate is higher. You will need to write an outstanding cover letter when you apply for roles in your new chosen field, outlining how your existing skills will transfer into a new environment. Most companies will appreciate your willingness to develop, and thus should be amenable to offering you a role that can capitalize on the skills you have already, while allowing you to learn more as you work with them. Entering a new sector can be a scary time, but if it’s going to increase your earning power, it’s definitely a risk worth taking.

In Conclusion

If the money you are currently earning is not sufficient, then you don’t just have to accept it and try to make do. There are options that can increase your earning potential, so don’t be afraid to take the leap into making the money you are truly worth.

Thursday, September 21, 2017

Is It Time To Change Career? Probably

for money earning
We’ve all felt career apathy from time to time. You reach a point at which you’re no longer sure if you hate your job or you’re just exhausted. The two things can often be linked but it’s important that you know for sure before you go ahead and quit your job. Sometimes, it can just be a rough patch. If you’re starting to pull your hair out as you ask yourself whether it’s time to change career then the answer is probably “yes”. Nonetheless, here are some potential issues which often point to the need for a new career. You might want to see if any of them apply.

You don’t like the way the office works.

This point could be interpreted in many different ways, of course. The point is that many professionals go into an industry because they love the subject matter and they want to put their technical skills to good use but they end up falling out of love with it because of the nature of their work environment, other employees, and the boss. It’s important to make the distinction between whether your career is wrong for you or you’re simply working at the wrong company. If you decide that you just don’t approve of the way things are run at your company then this may be a sign that you still love your career but need a new employer.

Make sure that you take any necessary action if you’re leaving your job because of a specific incident. Incompetent colleagues need to be mentioned to the boss, but an incompetent boss is a trickier subject to broach. Perhaps you’ve seen fraudulent activity take place or you’ve been the victim in an unsafe workplace and the boss is turning a blind eye to it. You might want to look into a personal injury attorney to result in compensation if you have been hurt through someone else’s negligence whilst on the job. Even if you’re leaving your job to start a new one (whether that’s in the same line of work or not), you shouldn’t keep quiet if you think your old workplace has serious issues that could affect current or future employees.

The salary isn’t enough.

This is perhaps an even more serious reason to change career than the previous one. If you think that you’re not being paid enough for what you’re doing then, yet again, it may not be a sign that you should quit the industry in which you’re working altogether but it’s certainly a sign that you can’t carry on in your current job role unless something changes. Before you make any drastic decisions, however, you should try to resolve the situation with your employer. You might be surprised to find that you’re not met with resistance and your situation was simply overlooked. Perhaps you’ll be able to negotiate and get the salary you’re actually owed by the company.

It’s important to understand that we’re not just talking about feeling as if it’d be “nice” to earn more money. We’re talking about noticing that your wages need to increase in line with current inflation and it’s yet to happen. We’re talking about that bonus you were promised but were never paid. You need to attempt to get what you’re owed but, even then, it might be time to look into a different employer if you’re tired of going through the headache of trying to get the money you deserve for the work you do.

You have bigger and better talents.

A final reason as to why you might feel ready to change career is that you feel have you bigger and better talents that could be used for bigger and better things. You might feel as if you’re not using your creative mind in your current job role, for example. And as nice as a salary may be or as comfortable as a certain industry may be, none of that means anything if you’re feeling individually unfulfilled in your current job role. Ask yourself whether the thought of a promotion to a better position within the company (or any company in your industry) would be something to which you could aspire. If the answer is no then this line of career, in general, is probably wrong for you.

Start doing some research. You’ve likely built up talents through working at one or many firms over the years so that time hasn’t been wasted. Maybe your calling is to use those and other talents to build your own business. Perhaps you’d feel more fulfilled in selling your skill set to potential clients because there are certainly companies out there willing to pay freelancers with a professional talent. You just need to go searching for your new calling.

Wednesday, September 20, 2017

Bringing In Some Financial Balance: It's Not All That Hard!

money returns
One of life’s biggest stressors is money. There’s two camps when it comes to money: you have the camp who enjoy life to the fullest and don’t worry about the future and you have the camp that save every penny that they can to make sure the future is preserved. The thing is, money is still a stress for both camps! Those who haven’t thought too much about the future have the niggling thought that they aren’t prepared for retirement and all that comes with it. Those who are vigilant with their savings have the niggling stress that they don’t live enough for today. Finding a balance among all that financial stress doesn’t always seem like it’s easy, but it can be.

Making decisions about your finances doesn’t have to be an obligation. Sure, money pays the bills and companies like creditrepair.co are there to help when debts get too much and you need to give yourself some credit-worthiness again. But you can plan your finances without compromising your lifestyle and lead a life that is far more enjoyable. You could start by making finances more manageable and that includes planning ahead. Planning in blocks of five years at a time instead of looking toward retirement at all times could be easier than trying to push yourself for the rest of your life. You can prepare for more than one goal at a time without getting stressed out, and here’s how:

1. Prepare For Emergencies. Each month on your payday, set up an automatic transfer from your main account to your savings account. Doing this means you will never see the money before it leaves your balance, so you’re saving money without thinking about it. Having three to six months of savings is the recommended amount by any financial institution, but you don’t have to stress about that. As long as you have something backed up and set up for continuous savings, you’ll be fine!

2. Retirement Savings. Okay, so you may not want to look ahead but the years are short and they sure speed by! Maximise your retirement plan and see how your company 401(K) works. Your employer should offer you a price match option where they put in as much as you do, meaning you can de-stress a little about your later life savings.

3. Where There’s A Will. Get your estate and will details up to date and set in stone. This isn’t always financially set but it does mean you are covered should something happen to you. Make sure you have both a medical and a financial power of attorney listed and you can see why a will is so important by reading this article.

Your finances can be balanced. All of the above can be planned around your regular outgoings and your disposable income so that you can lead a life of financial balance and not be worried about the future ahead. There’s no need to penny-pinch when you have the finances aside to manage just fine!

Tuesday, September 19, 2017

Use Your Assets To Your Financial Advantage

more money
Are you struggling with money? If so, you might want to think about using the assets you already own to improve your financial situation. There are many ways to use your property to boost your finances, and we’re going to look at a few of the possibilities. This could be exactly what you need to get cash in your hand or perhaps just make sure you can afford an important purchase. So, let’s look at the different ways you can make your assets work for you. 

As Collateral

Let’s say that you need money fast. Perhaps, you are looking to make an expensive purchase, or maybe you are going to get your business off the ground after all these years. That’s great but to do this, you’re going to need to borrow money. Borrowing money can be a long drawn out process, and at the end of your application, you could still be refused the loan that you desire. One of the ways around this issue is to use the assets you already own as collateral. Essentially, if you are unable to pay back the loan the lender will take that possession off you as payment. You can look at a company like Title Loans Online because they offer this type of option. In this case, you put your car title up as the collateral, and if you don’t pay back the loan, you lose the car. That might sound risky at first, but if you know you are in a position to pay back the money, it can just ensure you get the cash...fast. Of course, this isn’t the only way to use assets like your car to your advantage.

Renting It Out

You might want to consider renting out your car to get the money you need. There are plenty of businesses only that specialize in helping consumers rent out their car in exchange for the money they need. Renting out your car can be risky, but you will be able to control the type of person that you loan it to. You also can set up legal protection to ensure that if they break or damage the car, you are completely covered. Renting out your car can’t really be considered a second income. But it can make paying your bills a lot easier and ensure that things don’t start to eat away at your finances. 

What about renting a room in your home? This is easier if you own your property. However, it is possible to take this tactic if you ask permission from your landlord when you are renting as well. When you decide to rent a room in your home, make sure you are aware of both your rights and responsibilities as a landlord. For instance, you will be expected to provide a safe and clean environment for someone to live in. There are ways around being accountable for injuries that tenants may sustain on your property so you should speak to a lawyer about this. 

With this type of setup, you can easily add a few hundred to your income at least. That could be more than enough to allow you to live a better quality of life. Or, just get you a little money back into your savings. You just need to be aware of the risks that you can take on when you choose to rent out your property. 

Pawning Property

Alternatively, you might want to look into pawning your property. This could be a smart step to take if you have ended up in a difficult financial situation. You can pawn property like your TV, jewelry, and anything of value in your home. The pawn shop will keep this stock until you are able to buy it back or someone else buys it. It can be a very quick way to get money back in your hand when you need it. 

Renovations And Remodels

Of course, if you are in a healthy financial position, you might want to think about using your property to boost your finances. You can do this with remodels and renovations on your home. With this type of investment, it’s possible to add thousands onto the value of your property by spending hundreds.

As you can see then, there are a variety of ways to use your property to make money. It is one of the best and brightest ways to ensure that you don’t end up or stay in financial difficulty. You can guarantee that you’ll always have something to fall back on.