Thursday, September 7, 2017

7 Ways You Can Fund Your Creativity

cash funding
There’s often nothing worse than having a dream or idea but not having the funds to make it a reality. It’s part of the jobs for those who are creative in a professional setting, but for the rest of the world there’s always a roadblock when it comes to finances. Taking the initiative to turn your hobby into a paid job is a big step, especially when creative works aren’t often taken seriously. Getting the funding together to make your creative dream a reality can change your life, but how can you go about this?

When you think about something you’ve dreamed about doing, it’s important to realise that you have a much better chance of making that dream a reality if you tell people about it rather than just keep it in your head! Vocalise what you want to the right channels, garner support on social media platforms and start investing in yourself. This can come in the form of educational classes to further your knowledge and even teaching yourself how to hone your craft using YouTube tutorials set up by others. Make it known what you’re going to do, why you’re going to do it and how you plan to get there. Once people know you are serious about what you want, you’re far more likely to find people with open arms and ready to welcome you into your new adventure.

It’s never impossible to get the funding you need to take on the world with your creativity. Bringing your creativity to life can take time and patience along with cash and if you take that dream and make it your focus, it can happen. Getting around the financial side of it is the big hurdle, but when you spend your life dreaming up creative solutions, you can easily get around that one. Creative people tend to be passionate and open-minded about their futures and how they live their lives, so if you are looking for ways to fund your future we’ve got some excellent ideas below for you.

Your Day Job

You likely are working a 9-5 job in an environment that is less than fruitful for you. Most creatives dream up how they would work for themselves, maximising their education and Master of Arts degree that they spent a lot of time and money on. However, don’t look at your current, less-than-creative day job as a bad thing. Your job is going to be the first place you turn to fund your creative business idea, as you can use a lot of your own savings to build your creative empire. The money you make on a regular basis can help you go one of two ways: you can save up to fund your dream with the right equipment, or you can self-fund your hobby on the side. You may well be perfectly happy in your day job and want to keep your hobby as it is, a hobby. But making money for someone else is often the main reason people look to work for themselves. Artists, bloggers and those in jobs that require imagination are often, by personality, not functional in an environment of rules and regulations. This is the main reason working for yourself can be so appealing! Don’t knock the day job though – if it could be your key to financial freedom with your own hobby that you enjoy so much earning you cash, then why wouldn’t you keep it?

Become Semi-Professional

You’ve probably seen and heard of Etsy all over social media, especially Facebook. Etsy is a platform for people of all types of background to open a shop selling their creations and get recognised for the things that they make. Keeping your day job doesn’t have to be a barrier to becoming a professional in your creativity, so why not start making things on the side and selling them? Setting yourself up as a business online with a good reach using social media as your tool, you can build yourself up slowly to a full-time business. The money you make from gigs on the side could all go into a pot to start you on your way to buying better equipment as you need it to manage working your hobby full time.

Teach Your Skill

Getting creative is so much more than just taking what you do – whether you draw, write or play an instrument – and using it yourself. Teaching what you can do to others is a wonderful money-spinner and a great way to add to your ever-expanding knowledge. People are always going to be interested in what you do and how you do it. Your style of writing, drawing or music could be of great interest to someone else and the easiest way to impart a little wisdom is to start a blog or vlog and write a few tutorials on how you do what you do. You can then set yourself up to have a paid blog and you can read here about how to do that. Photographers among you are as creative as an artist with a brush and your skills will be sought after for events and such like. Advertising yourself and your abilities on social media and other free platforms is a great way to market yourself and what you can do.

Go Fund You

Finding finance to start a business is complex. You have the traditional routes with the banks and other funding business angels, but you can also crowd fund. Websites like GoFundMe and Kickstarter can help you on your way to fund your creative dreams. Those websites are a fantastic way to get people interested in supporting you and also help you on your way to financial and creative freedom. Obviously, these won’t work for everyone, but they are a great option if you want to see how far you can impact the public around you.

Grants? What Grants?

You may not be fully aware of it, but there are plenty of business grants and scholarships out there for those who seek them out. Small cash injections in the form of grants are there but you need to take the initiative to go and look for them. You could be missing out on grants that you don’t have to repay by not searching for them. The downside for grants is that they can be fairly strict on their requirements, and if you don’t meet very specific criteria you could find your application rejected. However, this shouldn’t put you off applying. Just because you may get told no doesn’t mean you shouldn’t try again and again. Entering contests for small and large prizes for work is worth looking at, as well. You could go quite far simply by ensuring that you keep an eye out on local council and newspaper pages for your field.

Fund With Credit

We should start here by saying that if you are in financially dire straits, you should probably avoid taking out personal credit to pay for a start-up. However, almost every business venture starts with finance on credit. Business credit and loans are available to those who set themselves up as a business with a solid business plan presented to the bank. Mixing personal credit with business credit is often not a good idea, as you can suffer financially for it. A small business loan or credit card, as well as services such as peer-to-peer lending are all a good way to fund what you need, from equipment to office space. Credit cards are the more convenient option, as they can be gained fairly quickly with ready money to spend. Before taking out any kind of credit, always ensure you can afford the repayments!

Say Yes!

Finances aside, making your dream a reality means to say yes at every given opportunity. If you are offered the chance to exchange skills with another in your field, say yes. Promoting your business within their business blog, while offering to promote what they do isn’t giving the competition a leg up. It’s collaborating with someone like-minded who can offer you extra followers and a way to cement yourself in your field. Saying yes to small jobs on the side of your regular day job, as well as doing something charity based are fantastic promotional tools. The key is to get your business name out there and recognised, and if that means being featured on a local business competitor website, you’ve got to take the chances and go for it!

Following through on your creative dreams can be costly, we don’t dispute that. But finding the way to finance your creative hobby can be hard. It’s better to be aware of the services available to you and the routes you can get support and funding than just be oblivious to how you can get started making your hobby your income. There is no need to wait around when there is so much advice out there!

Wednesday, September 6, 2017

Financially Recovering From An Accident And Medical Bills

treatment costs
When you have an accident that derails your living standard, makes everyday life painful, you can start to feel under the blues. Your finances will also take a hit, so even after you’ve healed, your bank account will still be recovering. We’ve all felt this annoying sense of burden, which when you’re physically injured, there are long-lasting effects that won’t go away. Your medical bills will skyrocket, and your insurance premiums may increase also. Although it’s perfectly reasonable for hospitals to charge your insurance if you have it, this burden will be placed on you by the insurance if you cannot prove it wasn’t your fault. It can become very complex and prepare to pay the medical bills is one thing, but paying for them when you don’t have the money and it's not your fault is infuriating. There are a few things you can do to react to a financial situation after an accident.

Have evidence for your insurer

Insurance companies may or may not pay for your medical bills depending on your plan. Cheaper plans require you not to be the cause of your own accident that physically harms you. Therefore this means you need to show evidence to your insurer that the reason you’ve ended up needing them to pay for your medical bills is not of your own making. Whether you’re in a car crash, or you simply slipped and fell on a wet floor in a store, you have to take evidence from the scene. This might be something as simple as taking pictures of the crash, or the fact that there was no warning sign at the area of the wet floor. Talk to witnesses and see if you can get their contact details, as the insurance company may want to phone them up to corroborate your story.

Recovering from the bills

Recovering from a large hit to your bank account from medical bills is going to be tough. If you have ended up in debt, your first reaction might be to get out loans to help you through this rocky period; you could opt for debt consolidation if you feel that you need extra help. This type of loan will make all your debts form into one giant charge, and the interest rate will then be centralized. The payments will be smaller, which will help you manage the monthly finances but the loan will make the payments back to zero a little longer. Medical bills can also have an impact on your credit rating, which can lead to loan companies denying you and banks charging you a higher interest rate for loans. On repair.credit, you can study how to recover from financial losses due to medical bills and make sure your reputation is salvaged. By sending a letter to the credit bureaus, you can also report an error in the medical bills that will, in turn, fix any unwarranted credit score dive.

Recovering from an accident is mentally challenging. Even more so when your finances are in trouble. If the accident was not your fault, you should not be liable to pay for medical bills. Collect as much evidence of this as you can, and work to keep your credit score healthy by not succumbing to the medical bills.

Tuesday, September 5, 2017

Options For Optimizing Your Profit In Property

property profits
Trying to make money in life can be draining. Although we know there’s a range of different ways that we can try to boost our income alongside holding down a standard 9-5, it’s not always that easy to get started. And this can definitely be the case when it comes to making money with property. Investing in property is definitely something we all want to do, but there’s just something intimidating about getting started. Whether it’s the worry of the money needed to start out, or the fear of failing, it’s one of those things that we shy away from. But if you really want to make profit from property, here are some options to make it work for you.

Start Small

Your first option is often what helps a lot of people to start out in property, and that’s to start with buying one house first. This can even be a property that you live in yourself. But the idea is to buy something for a low cost, or something that needs a lot of work, and then fix it up so that you can make a healthy profit from it. And because this is going to be your first profit, you definitely want to make it count. But don’t be too ambitious. It’s better to start off small, have some success, and go from there, rather than bite off more than you can chew and fail.

Finance For Bigger

When you start to find your feet within property, you will get to the point where you want to go for something bigger and better. After flipping a few houses and apartments, you may find that you’re ready to go in for something on a much larger scale, and for this, you’re going to need finance. But speaking to a specialist such as Enness Development is all it takes to find out if your plans are feasible. With the right finance, you should then be able to move on up with your development ideas.

Go Commercial

You’ve also got the option to try out commercial property investment. It’s often not all that different from investing in houses and apartments. You can often renovate business spaces, or invest in places to rent out to ensure that you get a sustainable income over a set number of years.

Sit On Your Stack

Another option for you is going to be to sit on the investments that you have. Although when you first get started, and you’re eager to turn a profit, you flip your investments quickly, in time you may choose to sit on them instead. This way, you can wait for the market conditions to reach their peak and look to maximize your profit.

Rent Away

On the flip side, you’ve also got the option to rent out some of the properties that you invest in. Although this is a common occurrence in commercial investments, you may be looking to sell straight away with the residential properties that you invest in. But you can make money on rental properties that will warrant them worth hanging onto for that little bit longer.

Monday, September 4, 2017

Flipping Out: Can You Really Make A Profit From Property?

property earnings
It's pretty widely known that property is perhaps one of the best investments out there. It's a great way to make a significant profit while also keeping potential risks to a minimum. However, when people think about making a profit from their property, they usually think about renting it out to tenants. This is a great option for many homeowners since it offers a pretty consistent income, but it also involves continuous maintenance and a great deal of responsibility. However, there is another way that you can potentially make a tidy profit from properties, and that's improving them and selling them on. The great thing about this is that you can generate large profits much more quickly than you would if you were renting. But that doesn't mean that there aren't a lot of challenges in your way. If you really want to earn a decent profit from your properties, here are a few things that you need to do.

Get some help

Turning a property into a profit can be a real challenge and going about it all wrong can put you in some serious financial hot water if you're not careful. Because of that, it's a good idea to make sure that you have some expert help in order to keep you on the right track. There are plenty of companies out there who can teach you flipping houses 101 and help you maximise your profits. While it can often be tempting to go it alone, you'll soon come to realize just how many complexities there are in earning a profit on your property and you'll be incredibly grateful for the support.

Know your properties

One of the first things that any property connoisseur comes to learn incredibly quickly is that not all properties are created equal. The truth is that many properties simply aren't suitable for being bought and sold on at a profit. This could be because there's simply too much work that needs doing to it to make it financially worthwhile, or it could be that there's not much you can do to raise the value, and the market is stagnating. Over time you'll develop your skills and learn how to spot the perfect property, but in the meantime, there are plenty of resources out there for you to use.

Keep an eye on the market

Of course, it's not just a matter of the properties themselves; you need to be aware of the movements of the housing market as a whole. This means being switched onto a lot of general economics as well. There's nothing worse than buying a property at what you think is a steal only for house prices to drop sharply just as you're getting ready to sell it on. You can't always predict what the market is doing but being as informed as possible is the best way to avoid any nasty surprises.

It's important to remember that flipping houses, as with any form of investment, does come with its own share of risks that you need to be aware of. However, as long as you're careful and make sure that you're taking all of the necessary precautions, you'll be earning a tidy profit in no time!

Sunday, September 3, 2017

How Do Car Insurance Companies Come Up With Their Quotes?

car coverage
You go onto a car insurance website, you put all of your details in, and it comes back with a price. Most of us just find the cheapest one and pay it, but we rarely stop to question how that price is actually calculated. Knowing how the price is worked out in the first place can help you to make changes that will reduce the cost of your car insurance. So, how exactly do they work out that price?

Age

Your age is one of the biggest factors that affect the price. Younger drivers between the age of 17 and 25 are going to be subject to far higher prices than people over 25. Unfortunately, there’s nothing you can really do about it. It’s a common misconception that as soon as you hit 25, your prices will plummet immediately. In a lot of cases, they do drop drastically but that’s not always the way so don’t be counting on that. 

Your Job

You wouldn’t think it would make that much difference to your personal insurance but your job description dictates how much time you spend on the road so the insurance companies will take it into account. If you’ve got a higher paying job then you’ll probably get a higher quote. If you can rephrase it so it sounds less senior than it is, you could cut your costs. It’s also a good idea to use sites like cheapautoinsurance.co to check lots of different providers because different companies will charge their own prices for certain job descriptions. Try different job descriptions with different companies to find the cheapest deal possible. 

Your Car

Obviously, your car is going to be one of the biggest factors in the price of your insurance. The cash value of the car is the first thing that they look at. The more expensive the car was to buy, the more expensive it will be to insure. If the car is rare it’ll be more difficult to get parts to repair it which will jack up the costs of insurance as well. The power of the car is something you need to consider carefully as well. The more powerful the engine, the more likely you are to get into an expensive accident so that’ll increase your price as well. The popularity of the car isn’t something that people always think about but it makes a big difference. If your car is very popular, the insurance company will be more worried about the risk of theft so they’ll charge you more money.

Where You Live

The location of your house is also a big indicator of how likely you are to claim on the insurance. In a built up area, you’re more likely to get into an accident. Equally, if you live in an area that has a high level of crime, your insurance bill is going to be massive. The price can change drastically in the space of a few streets so even if you live on a relatively safe road, you might still be paying over the odds if you live near a dangerous area. 

Now that you know exactly how insurers come up with their prices, you can take steps to reduce them.

Saturday, September 2, 2017

Freedom Financial Helps You Protect Yourself During the Equifax Hack

enjoy with your finances
If you've spent any time online in the past week, you've probably already heard about the Equifax security breach that took place the week of September 8th. Equifax, a credit risk assessment company with access to the personal data of over 800 million consumers, experienced a cybercrime identity theft attack; this security breach gave criminals access to the full name, social security number, birth date, addresses, and in some cases drivers licenses, of an estimated 143 million Americans. There is a high likelihood that your credit information has been compromised- Freedom Financial is here with the steps you need to take to ensure that your sensitive information isn't used by criminals.

Check your credit

You may not know that the actual cyber attack on Equifax offices actually took place in early May- Equifax employees did not become aware of the issue until late July. This means that there's already a good chance that someone has been using your credit without your knowledge. Freedom Financial urges you to check your credit report as soon as possible, and to dispute any frequent items you see. The early you dispute these claims, the easier they will be to get resolved.

Freeze your credit.

After you check your credit and dispute any charges or items that you believe are fraudulent, Freedom Financial also advises you to freeze your credit account. Freezing your credit will give you a special PIN unique to you that anyone who attempts to open an account with your information will need. If you don't plan on opening any new accounts or making any major purchases in the near future, freezing your credit is a great way to ensure that your information is not remotely hackable.

Set up a 90 day fraud alert

A fraud alert is a temporary hold on your account that will require any company attempting to open an account in your name to first verify your identity. You can set a fraud alert on your account by calling one of the major credit monitoring agencies like TransUnion or Equifax and requesting a 90 day fraud alert be set on your account. Setting up a fraud alert might seem like a hassle, but it's another preventative measure that you can take to make sure your personal identity isn't being used for nefarious purposes.

Watch your taxes

Freedom Financial anticipates that a number of identity thieves may try to use consumers personal info to file a tax return this year in order to claim a refund that isn't theirs. If you get a notice after filing your taxes that says that your taxes have already been filed, this is a pretty good indicator that a thief has used your information, and you should report it immediately.

In order to protect yourself, try your hardest to file your taxes as early as possible this year to avoid the situation.

Consider Enrolling in TrustedID

TrustedID is a credit monitoring program by Equifax that “includes 3-Bureau credit monitoring of Equifax, Experian and TransUnion credit reports; copies of Equifax credit reports; the ability to lock and unlock Equifax credit reports; identity theft insurance; and Internet scanning for Social Security numbers.” In light of the hack, Equifax is opting to provide a year of free access to TrustedID to everyone.

Keep in mind that Equifax faced a bit of backlash when it introduced the free year of access because a clause on the sign-up seemingly required you to waive your right to sue the company for the hack. However, Freedom Financial has found that following complaints, the company added an opt-out feature which allows you to retain your right to sue the company by sending a letter. This is something to keep in mind should you be considering legal options.

If you've been affected by the hack, don't panic- take action to protect your credit today.