Sunday, November 27, 2016

4 Smart Ways to Invest Your Money In 2017

investments 2017
If your finances are in good shape, but you want to see them bulk up some more, choosing to invest could be the option for you.

Invest wisely and you’ll diversify your portfolio, let your money work for you, and give yourself a project to stay on top on.

Here are four places to consider investing your money in the new year.

1. Help a startup (and yourself)

Crowdfunding has made it possible for innovative companies to succeed. And it gives investors the chance to get in on the action. For your money, you’ll get shares in the new business, and short-terms benefits, too. Say you want to invest in a speaker company. Your money could fit out your living room with a home cinema system as an extra bonus.

Crowdfunding websites make it easy to find a fledgling company you believe in. They let you invest quickly and easily by debit card. And offer regular updates on the startup’s progress. For a little direction, read’s 6 Top Crowdfunding Websites.

2. Go for gold

The elder statesman of the investment world, gold’s value doesn’t bend with other assets such as shares or property. So, it can offer solid insurance against inflation and volatile stock markets. You can invest in gold bullion, or open a gold Individual Retirement Account (IRA).

These accounts hold gold – and other precious metals – for you. Like other IRA assets, there’s no tax until you withdraw, so the value of your gold can grow exponentially over time. Websites such as let you compare the top-rated gold IRA companies out there. Here’s a beginner’s guide to investing in gold.

3. Go overseas

Savings and fixed income investments are safe ways to grow your money slowly. But wealth management products from offshore banks can offer the same security with the benefit of more growth. They offer a fixed income investment deal, but because of globalization and emerging foreign economies, you can get more interest. Discover more tricks like these to grow your wealth at

4. Buy a house

Good old bricks and mortar. When your money is zeros and ones that fluctuate with the stock market, there’s something reassuring about investing property. If it’s your first home, your saving money wasted on rent. If you’re adding to your investment portfolio, you can afford to keep an eye on the market and buy when prices are low. Like now! With 50% of homes bought in summer, winter is a great time to buy.

Are you buying to let? If so, your home state might not be the best place to maximize your investment. Consider buying a property abroad. Even with letting agent fees, you could make more bang for your buck, and have the advantage of a holiday home.

If you’re bold and wise with your investment, you can retire early. Go gung-ho, and you might have to work overtime. But if you explore the options above, we reckon you’ll be onto a safe bet.

Friday, November 25, 2016

Considering the Costs of Caring for an Elderly Loved One

costing for elders
What are your choices when it comes to taking care of an elderly loved one? There’s no universally correct answer. One person may be better off staying at home. Some may do better staying with family. Another may do better in a specialized home. In any case, you need to consider this from a financial perspective.

Talking to them

You must talk to your elderly loved one because you need to find out what their plans are. You also need to see how prepared they are. What are their legal and financial plans? If they don’t have any, this needs to be exposed. For instance, what is the situation with their power of attorney? Read more about power of attorney at

If possible, you should find out as much about their finances as possible. Do they have insurance? And if so, what kind of insurance do they have? That insurance may not cover everything. If they have any savings, you should probably know about them.

Help from a home

They may already have plans for future care. They may already have decided that they want to go to a nursing home. In that case, you need to consider the costs. You will have to know as much as possible about finances. Do they already have some sort of payment plan?

Nursing homes bring bad thoughts to many people. Many see them as expensive or emotionally cold solutions to this “problem”. Some worry that the home itself may be dangerous, with abuse or fraud taking place. Of course, in such cases, you’ll always have the backing of the law. See for more information.

Taking them in

Taking an elderly loved one into your home can be a great solution. You get to spend more time with them. But it may create more stress for you. After all, you probably have a job to do. And this brings us to another financial problem. Will you have to take time off work to help out here? And besides, do you know how to take care of an elderly person? You could consider taking classes in elderly care. These, of course, represent another expense.

Your home also needs to be a comfortable place to be. This may require alterations to your house to make it more accessible. And since when have renovations or property additions been cheap? Thankfully, you do have options when it comes to getting the money for such a project. Loans are available to those who need help with this specific problem. Read more about such options over at

It’s important to think of the benefits and negatives of each option available to you. Some people would judge someone for not taking in an elderly family member right away. But you have your own finances and life to deal with. What you decide may ultimately be determined by your financial situation. It’s important to take care of the generation that came before you, sure. But you also need to take care of yourself. Remember to consider your finances.

Tuesday, November 22, 2016

Want to Renovate Your Home Before Christmas? Go for Short Term Personal Loan

festive loans
Renovating a home is as complex as purchasing one. It is an expensive affair and therefore, it is important for individuals to set a budget and stay within the same to avoid financial difficulties. Furthermore, seeking estimates from multiple contractors before making the choice is also advisable. This will help them to understand the market rates and will ensure they do not end up paying higher costs. Most importantly, funding the renovation project becomes crucial because it has long-term repercussions if an uninformed choice is made. Homeowners who want to undertake such projects may save the money required for the renovation. Although this is the cheapest option, it is a long and cumbersome alternative. Another option is to borrow against the home’s equity through a line of credit. However, the home equity balance may be insufficient to fund the renovation. Furthermore, if the borrowers fail to repay this money, they may lose their homes. Therefore, the most feasible option is to fund the renovation project through a personal loan. This may be a convenient way to renovate the home before the festive season.

About Personal Loans

Personal loans are generally unsecured and borrowers do not have to mortgage their homes to avail of these funds. The personal loan interest rates are often higher when compared to other types of loans. Furthermore, these rates depend on the overall credit score of the borrowers. However, the interest rate is fixed for the entire duration of the loan, which enables homeowners to keep a track of their monthly expenses. Another benefit of choosing a personal loan to fund home renovation projects is the shorter duration ranging between one year and five years. The five-year repayment period enables borrowers to repay the loan without facing any financial difficulties. Compared to home equity or home improvement loans, personal loans are sanctioned faster. This is because lenders do not require a large number of documents at the time of application. The entire procedure is completed within a few days, which allows homeowners to commence the renovation faster.

Comparing Personal Loans with Other Funding Options

Homeowners must choose the best option depending on their financial situation. If they have a good credit history and the renovation is not going to be expensive, considering 0% credit cards is recommended. However, individuals are advised to ensure they are able to repay the entire amount before the end of the interest-free period. If they are unable to do so, they may end up paying higher interest on their outstanding balance. Home improvement loans are another popular option to fund renovations. Although these are cheaper than personal loans, most lenders do not provide these loans for all types of renovations. Furthermore, banks offer between 75% and 90% of the project costs. The balance expenses have to be incurred by the homeowners. If an individual does not have this margin money, opting for a personal loan may be a feasible choice. Increasing the amount on the existing home loan is also an option. However, this would entirely depend on the market value of the home (as determined by the lender). Compared to all these options, a personal loan is less cumbersome and requires less paperwork. Moreover, it is unsecured, which means there is no risk of losing the home if the borrower fails to repay the money on time. However, any delay in the repayment of the loan is reflected in the credit scores of the borrower. Having a good credit history is important because it would affect his capability to borrow in the future.

Sunday, November 20, 2016

The Best And Worst Times To Buy A House

new house
Buying a house is a massive financial commitment. It’s the biggest purchase most people will ever make and will keep your money tied up for a long time. The mortgage debts in addition to the upkeep costs and insurance will take a significant chunk of your funds. That’s why before you buy a house, you need to make sure it’s the right time.

Of course, your financial situation is the main factor in deciding. But there are many life circumstances which can also affect the choice. There’s a lot of things that you should consider before you delve into home ownership. Here are some of the best and worst times to buy a house.

The Best: When Starting A Family

Many people might hold off on buying a house for a long time. But when you’re starting a family, it’s the ideal time to make the commitment. You’ll most likely be staying in one place to raise your child. Marriage also helps with taxes, and if you have two incomes, it’ll be easier to handle home costs.

If you’re looking into buying a family home, make sure you get one in the right area. The best locations are ones close to schools and in safe neighborhoods. Be sure to go to plenty of viewings and find somewhere you’d be happy to raise a family. Make sure you also plan for a mortgage. You can find some tips from

The Best: When Prices Are Low

Naturally, it makes sense to buy a house when your finances are high. But don’t use too much of your money- wait until you find a great deal.

To find a great, affordable home, you may have to be proactive in searching. There are many search engines which let you find real estate in your area. You can also look at sites for certain areas, like and many others.

The time of the year can also affect house prices. In fact- now might be a better time than ever! Winter is the best time to buy, according to this article Statistics show 50% of homes are sold in summer. Fewer people buy in the colder seasons, so you may be able to get better deals and have the upper hand in negotiations.

The Worst: When You’ve Just Graduated

When you’ve finished up your education and got your degree, it’s time to take on the world. Some people might think the next best step is to buy a house, but most times it’s far from practical.

Most graduates will have a mountain of student debt to handle. It’s much better to wait until you’re more financially stable to take on owning a home. Also, you may plan to move around for better work opportunities. It’s best to rent and focus on advancing your career before buying a house.

The Worst: When You’re Moving

There are many situations in life where you may move home. For instance, you may be pursuing a career opportunity, education or simply want a change of scene. Individuals or families might consider buying a house in their new location, but it’s better to wait.

It’s best to rent a home before buying in a new location. It will give you time to get a sense of the area and figure out whether you’re ready to buy. In some cases, you may not decide to stay. Living in a rental home temporarily also relieves some stress and panic, allowing you to make decisions more logically.

Friday, November 18, 2016

The Tricks You're Not (But Should Be) Using To Grow Your Wealth

increasing wealth
You might think that you have to be rich to start building wealth seriously. Some people are just lucky to have enough money to reach investment options. Then they can start using them to generate even more cash. The wheel keeps on spinning and your situation doesn’t change. The fact is that most people have the power to grow their wealth without realizing it. We’ll look at a few ways below.

Pay yourself first

It’s the golden rule of wealth building, but not everyone has heard of it. You might think ‘but I spend most of my money for myself’. That’s not paying yourself first. It’s about contributing towards financial growth before any money starts going out. Not after you’ve paid rent, bought groceries and treated yourself. Make a budget to see how much you can afford to pay yourself first. Pay it out as soon as you get a paycheck, so it’s not lingering in your bank account, liable to be spent.

Do a credit cleanup

Over a lifetime, bad credit is going to cause you a lot of financial headaches. Yet there are a few tips to cleaning up your record you might not have considered. You already know it’s important to pay loans on time. But did you know that it damages your credit to keep open credit cards that you’re not using? Or that paying loans off early can also negatively affect your score? Even being on the electoral role can improve your credit score.

Use your assets

If you own a home or a car, you have some serious money making potential there already. For instance, with your home, consider renting out space for storage. Whether it’s in the loft or the driveway, there are a lot of people willing to pay for usable space. This option is, however, better for those who have already paid off their mortgage. In some cases, it can even be tax free income.

Go overseas

Savings and fixed income investments are safe ways to grow your wealth slowly. But what if you could take the security of those investments but benefit from a lot more growth? There are many wealth management products available in overseas banks. For instance, you can get the same fixed income investment deal. But because of globalization and rise of overseas economies far faster than established ones, you end up with a lot more interest.

Start a side business

Starting a business is perhaps one of the most reliable ways to have a crack at taking control of your own finances. But you don’t have to quit your day job and put all your effort towards a risky new venture. Instead, consider the many side businesses you can easily run from your own home in your space time. Get used to how to run a business while still relying on your primary income. That experience can greatly benefit you when you decide to really take off on your own.

Building wealth requires nothing but discipline and a little ingenuity. There are methods everyone can use, no matter their situation, to earn more. Hopefully, the tips above help you find yours.

Tuesday, November 15, 2016

Getting Yourself Away From Dangerous Debt

debt disaster
Is your business struggling to make the numbers? Is the outlay far exceeding the income? If you feel like you’re being plunged into those red numbers, give this blog a read and hopefully with a few changes, you will get back on the straight and narrow in no time at all.

It’s important that you fully understand the ins and outs of your business. Pore over business records with a couple of senior members of staff and discuss what seems to be the problem. Why are you getting into such times of difficulty? With a democratic decision, you should be able to pinpoint an anomaly and try and solve the problem. If you think you are in need of some quick professional help, then you could always try and speak with administrative litigation experts like This is the future of your business and you can’t be seen as too proud. Ask others to help you out in your times of need.

If your workspace is too big for you, then why not downsize or lease unusable space to another office. Not only will this save you money, but you’ll feel closer to your staff. Professional intimacy in business can be a great thing for team morale as they will start to feel more relatable to you and strive to help the business make ends meet. It’s also wise to start buying in bulk rather than buying individual products. Normally sellers will provide a discount if you do and where there’s a deal to be done, you should do it. Always think about the future as well as the present.

Your marketing skills could also do with an upturn in fortune. By moving your business into the 21st century, you can benefit greatly from social media and the many positives brought out of it. You can join websites like linkedIn and facebook to promote yourself and your business or even show photos of a typical working day at your office via snapchat and instagram. Show prospective clients what they’d get by working with a team like yours. Not only is this form of marketing free, but also it appeals to a wider audience than newspaper writing would do. A fully fledged website promoting your range of products should also be set up and maintained each day. This could not only just attract clients from your country but also that of clients overseas.

With your existing clients, you must re affirm your strong relationship with them. They’ve been clients of yours for some years and recognise how well you work together. You could try and persuade them to buy more products from you. Call them in for meetings and pitch to them. Or instead get them to recommend other clients that are similar to them and will be interested in purchasing products from a company like yours.

With these helpful tips, this is certainly not the end for your business. So prepare to battle your way through the bad times but don’t worry the good times are not so far away.

Thursday, November 10, 2016

The 5 Step Plan Towards Improving Your Credit

improving credit
Your credit rating has a significant impact on your financial life in general. Credit rating is referred to on many different occasions. Whenever it is, you want to be confident that the agency checking will be happy with what they see. If you are currently not doing so well on this front, don’t worry. There are plenty of ways of increasing your credit which you can take on board. In this article, we are going to look at five steps towards improving your credit score. This should, with any luck, make borrowing easier in the future. It will also help with things like securing a mortgage on a house and even buying a car.

Check Your Credit

First things first, you need to actually check your credit. This might sound basic, but you need to be absolutely certain. Only then can you know what you are dealing with. Also, bear in mind that there are multiple agencies you can go through for this. They are likely to differ in their scoring, even if only slightly. So it is clearly well worth looking around at the different agencies to get a sense of your average score. Knowing what you are working with is the essential first step.

Borrow Sensibly

Improving your credit does not mean that you can’t borrow money at all - far from it. It just means that you need to be more careful about the kind of borrowing you do, and how much of it you do. As long as you borrow sensibly, your rating should not be affected too deeply. There are also options for borrowing for those who already have bad credit. It might be worth looking into these. A short term loan from Magical Credit could help you through a rough patch.

Get On The Electoral Roll

There are many things that are considered when your credit rating is being calculated. One easy way to instantly improve your credit rating is to get on the electoral roll, if you are not already. This works because potential lenders check this to see whether you are who you say you are. It will also probably help your case if you have stayed in one address for a long amount of time. Similarly, staying with the same bank for a long time might improve your score slightly.

Close Unused Credit Cards

If you have paid off your credit cards, that’s great. However, you also want to ensure that you close any that you are no longer using. Lenders often consider the amount of credit you have access to, as well as how much you owe or is outstanding. So closing your unused accounts will look favourably upon you.

Don’t Miss Payments

If you have any payments for any bills or similar, make sure you pay them on time. Missing payments is the quickest way to develop a poor credit rating. As long as you repay what you borrow on time, this should not negatively affect your credit rating.

Wednesday, November 9, 2016

Strapped For Cash? Quick And Easy Ways To Make Some Extra Money

cash strapping
We've all been there. Everything seems fine, and suddenly you find yourself in urgent need of some extra money. Whether you're dealing with car troubles, health problems or anything else, it can be easy for money problems to appear out of nowhere. It can be pretty scary, especially when you find yourself behind on mortgage or rent payments or unable to meet the day to day cost of living. But don't worry, because there are more ways to earn some extra money than you might think. And a lot of them are surprisingly quick and easy.

1. Sell your stuff

Now don't worry. No one's going to tell you to sell all your most prized possessions. But let's face it, we've all got plenty of things cluttering up our homes that we neither need nor use. Old CDs you never listen to or clothes you never wear. Getting onto sites like eBay to sell things that you no longer need can be a great way to put some extra cash in your back pocket.

2. Sell your home

This one is a little more drastic but can be an excellent way to get you back into the black, financially. Have you ever thought, I need to sell my house fast, but haven't been able to find a buyer or assumed that the time and costs would be too much to deal with? There are plenty of services out there that allow you to sell your house surprisingly quickly.

3. Make money online

There are a lot of apps available now that allow you to do small jobs for extra cash. Now you're probably not going to make enormous amounts of money from these jobs, but they are perfect for adding some extra padding to your wallet. The jobs you'll be doing are probably going to be pretty simple and won't eat up massive amounts of your time either.

4. Donate plasma

This one often makes people feel a bit uncomfortable, but it really can help provide you with a decent amount of money. Plus it's really not as scary as it sounds! When you donate plasma, your blood is drawn, the plasma is removed and then the red blood cells are returned to your body. You usually can't technically sell your plasma, but you are often compensated for your time with cash or a pre- gift card.

5. Borrowing money

Many people would consider themselves too proud to ask for money, but there's absolutely nothing wrong with needing a little help. You can reach out to friends and family for financial support. It's always a good idea to keep a record of exactly what they've given you so that you can pay them back in full when you're back on your feet. There are also the options of a payday loan but be careful, the interest rates on these are very high. This can put you in a difficult position if you're not able to repay the loan in time.

Tuesday, November 8, 2016

Suffering From A Work Injury? Make Sure You Get Financial Help

financially injured
Suffering an injury at work doesn’t just affect you physically. It can also be a financial disaster. An injury can stop you from being able to work, which can prevent you from picking up a paycheck. You might have to find other ways to cover your financial losses.

But you should know that there’s a lot of help out there for those who have suffered work injuries. In many cases, your employer will still be able to help you. There are also government and legal procedures in place for those who are out of work with injuries. Here’s some of the help you should look into.

Workers’ Compensation

In many cases, it’s legally required that employers compensate you when you’re out of work. If you’ve sustained a work injury, make sure you report it as soon as possible. Ask your manager or HR representative to help you with the process.

Many employers will cover your medical bills. They may also give you a disability wage while you’re out of work.

It only applies in certain circumstances. You have to be a full employee as opposed to a contractor. The laws on this also vary from state-to-state.

Personal Injury Lawyers

When you’ve been injured at work, it’s well worth seeking legal advice. You might be entitled to a lot of money, particularly in cases where the employer is at fault. It also pressures your employer to improve health and safety measures for employees.

Many legal firms deal with these kinds of cases, such as Meyer and Blumenshine. Lawyers with experience in personal injury cases can inform you of what you’re eligible to receive. They’ll also fight your case to make sure you get the money you’re entitled to.

They can help with your financial situation in many ways. You’ll often be able to receive compensation for your injury. Injury lawyers can also assist you with disability and insurance claims. It’s well worth consulting with a legal expert if you’ve suffered a personal injury.

Disability Benefits

If you’ve received a serious injury that’s rendered you unable to work, you may be eligible for disability benefits. The government provides this to many people to help them with such injuries.

It can be a long process. Make sure you apply for disability benefits as soon as possible if you’ve received a debilitating injury. You’ll need certain documents, such as medical records of your disability and your most recent W-2 form. It’s worth applying for, as it can be a massive help for keeping you financially stable.

Health Insurance

When you get injured, you’ll most likely have to deal with a lot of medical costs. As well as hospital bills, you may also need physical therapy. These expenses can add up, so it’s worth checking whether your health insurance provider can help.

In many cases, insurance providers don’t cover work-related injuries. Instead, you may need to rely on workers’ compensation insurance from your employer to cover your medical bills. However, some policies do cover you in such situations. Check with your insurance provider whether they can offer any help.

Monday, November 7, 2016

Essential Protections For Your Finances For When Life Knocks You Back

protected finances
You can never fully tell what life’s going to bring. Not all surprises around the corner are going to be happy ones, either. Life can knock you for six, sometimes, but that doesn’t mean you should let it do the same to your finances. You should stay prepared for an emergency at all times. Just because it hasn’t happened to you yet doesn’t mean it will. Here’s some of the groundwork you need to lay to keep your finances strong no matter what happens.

Start building that nest egg

Preparing for any emergency dictates that you actually start building on your finances. If you have any disposable income at all, then you shouldn’t just be disposing of all of it. Instead, you should start to put a little aside here and there. If you have no emergency fund at all, then you should be trying to more than a little aside. Cut down on your spending and see what expenses you can negotiate. This is best done with a budget. After you take aside all your essential spending (rent, bills and groceries) take a hard look at how you spend the rest of your money. If you can do without certain expenditures then do without them temporarily.

Don’t pay when you shouldn’t

Another essential in making sure your finances don’t take the brunt of life’s nasty little surprises is in preparing not to pay. You shouldn’t be forced to hand over your cash for incidents that are someone else’s fault. For one, if you get injured by someone else’s actions, you shouldn’t be the one paying your medical bills or any lost income from work. You need to start adding contacts like David & Philpot, P.L. to your address book. That way, if a crisis does arise, you know who to call. Similarly, you should take another look at your insurance policies on a regular basis. If you’re not insuring your home or your valuable, then you’ll have to pay a lot more when they’re lost or damaged.

Keep your credit sparkling

There are times, however, when you are forced to pay. If you don’t have any money left in your emergency fund, you need to start looking at other options. One of those options is using your credit to temporarily deal with the issue. To do that, you need to make sure you have open lines of credit. You’ll get the best deal on them if you maintain your credit score. So make sure you’re taking a look at your credit reports every now and then. Provided you haven’t been in debt or missed any payments, there should be no cause for concern on it. If there is, that means there’s an erroneous report that you need to correct. Of course, using your credit is only temporary. You need to build a debt-tackling plan to get things back to how they should be after the crisis has been averted.

The sooner you start building the resources you need to escape a crisis, the better your chances of doing so. So take charge while you still have the ability and financial freedom to do so. When that crisis hits, you might not be as able to control where your money goes.

Tuesday, November 1, 2016

Three Mistakes That Can Be Made When Divorcing

divorce law
I don’t think anyone sets out to be divorced when they get married. At the time you have every intention of making that commitment for life. Of course, we have no idea what will happen in the future and sometimes it just doesn’t go the way we plan. Marriages end. Fact. More couples are now opting to head down the divorce route than ever before. For what reasons, we don’t know. But what many couples often do is make mistakes when it comes to the divorce process. Which is why I thought it would be a good idea to share with you some of the most common mistakes that can be made. I hope they offer you insight if you find yourself in this situation, now or in the future.

Not getting the right attorney

Most divorces will not be amicable. Or there could be a lot of assets and financial implications that need to be resolved fairly and in the eye of the law. So it’s vital that you get yourself a good attorney from the start. This ensures that you make good decisions for the right reasons, instead of being emotionally charged. Let’s face it, divorce is raw and tough. No matter what the circumstance is. So you need someone on your side who has an impartial opinion. Especially when there's children involved. This is why it’s worth researching out good lawyers like Long Okura Family Law Attorneys.

Dragging the whole family into the feud

It will pull at every emotion you have when you go through a divorce. There is the upset and the anger that you feel. The frustration and the despair. So there is nothing worse than dragging your family, which will mostly likely be your children, through the whole process. Many couples can end up using their children unintentionally because they have managed to get them involved in some way. Every parent will know that children are the heart of many emotions for the opposite parent. Try and ensure that any children, no matter the age, stay out of your divorce process. Until the time where custody is discussed. At this point ensure that you are making a decision with them in mind and not just your own feelings and desires.

Lack of communication

Divorces can get messy. So it’s understandable that the final common mistake most couples make is a lack of communication with one another. You may be hurt by the other person, or upset. But it is essential to ensure that those communication channels stay open throughout. This will ensure that you get the best possible outcome through your divorce settlement. Even if it is through your attorneys, keep that line of communication there. This is important for financial decisions, assets and any children involved. Sometimes it is vital to be the bigger person in these circumstances.

I hope if you find yourself in this situation that highlighting these common mistakes will help you avoid them in the future.