Category: General Article

Pick the right financial advisors for you

Posted on by rosalie

Finance is most important in everyone life and those who manage it efficiently can live a peaceful life, whereas those who do not track their monetary expenses and income they would end up in big burden that cannot be solved simply. So it is always good to consult a financial advisor for any of your purchases, and being a financial consultant will also let you earn the right amount of money. If you are a financial consultant with little experience, you can start an organization with 5 to 10 employees with 5 to 10 years of experience can earn 70 to 90 thousand dollars, whereas this estimate is by analyzing 178 salaries from different financial companies.

Only a trusted advisor can help you know the true value of your own assets or any asset you wish to purchase. These consultants can also help other financial juniors by conducting classes through which you can teach financial planning courses or seminars. You can also earn more by these classes each and every month as the number of students for the class increase. You can also read the IFS financial guide which will help you know more about the private or family financial …

Category:financial consultant, General Article
Taggedfinancial, guide
Read more

Do Retailers Run Any Risks Giving Personal Guarantees

Posted on by rosalie

It is wise that retailers understand all the risks that come with giving personal guarantees on a small loan or any line of credit. Many financial providers expect that your business signs personally – which may out turn out well if the micro-business fails to repay the debt as it may impact negatively on their personal credit and finances as well.

But issuing a guarantee is also the standard for most commercial loans, and business owners shouldn’t shy away from it if it can help save their companies.

Why do lenders ask for personal guarantees?

Financial security— the certainty they’ll have their money back— is the main reason lenders insist on guarantees before they offer businesses funding. Lenders want to be sure a responsible person has invested in the firm and is running the business. And whether you want a line of credit, loan, business credit card or equipment financing, a personal guarantee is what they use to secure the funding.

What’s a personal guarantee offered for a business loan?

Guarantees, like collateral, are issued by business owners to lenders who are reluctant to give financial help unless they are sure they’ll get paid back. With personal guarantees, a lender …

Category:department of finance, finance management, financial analysts, General Article, investment news, stock market news
Read more

6 Things to Avoid When Starting a Business

Posted on by rosalie

When you start a business it can be both the best and worst period of your life, as there are a lot of joys and despair to be found. Obviously, more often than not, you want to be the one avoiding the despair. To do that you need to avoid a lot of the common mistakes that typically come with starting your first business. So many people have made these mistakes over the years, so why shouldn’t you learn and avoid them in your own business?

As such, here are six of the most important things to avoid when starting a business – though this is by no means an exhaustive list, there are plenty of other things to avoid too!

1 – Spending Too Much Money

When starting a business, the art of spending money is all too easy. Spending money is both necessary for business growth as it is harmful to your pocket. Spend too much or too little could affect your business either way, so it’s important to find the right balance and move forward steadily.

2 – Working with Friends

Don’t ever work with friends, at least not when you’re starting your own business. If …

Category:business finance, financial news, General Article
Read more

What’s So Bad About My Bad Credit?

Posted on by rosalie

Credit cards provide a lot of spending power. They allow people to buy goods and services that they otherwise would not be able to afford. However, the spending power of credit cards comes with great responsibility. Many people fall into the trap of accumulating more debt than they can afford, which causes them to have bad credit scores. Bad credit can come back to haunt people in the long run.

The Effects of Bad Credit

1. Less Preparation for Emergencies

Life sometimes takes on a life of its own. Important household items break, injuries happen, illnesses come about, or even loved ones pass away. Emergencies often require a large amount of money for replacements, medications, medical procedures, funerals, etc. People who have bad credit will have a small -if any- credit line and less cash to turn to in the event of an emergency.

2. Everyday Spending Can Become Tighter

Everyday costs (e.g. a morning cup of coffee from a convenience store, gasoline, going to a movie, lunch at a fast food restaurant, etc.) may seem small in the moment, but they accumulate a lot of expense when added up over a period of time. Having to pay back a …

Category:bad credit, daily finance, financial analysts, General Article
Read more

Is it safe to take out a loan to invest and what are the other options

Posted on by rosalie

If you take into account the opinion of experts, the answer that you will get is a “No”. This is because generally speaking, you will not come across banks that will extend loan to you to invest in stocks.

There is an exception, although it does not make sense under general circumstances, the only instance when you can opt for a loan to invest in stock trading is “Invest a loan”. This is a condition in which the ROI or the Return on Investment of the loan is higher and the risk involved in the investment is usually not so high.

As such, you can refrain from investing a loan in trading stocks or other vehicles of investments and derivatives. Let us delve deeper into the topic for better insight.

There is another reason why it does not make sense in investing loan in stocks especially if your proceeds of the loan mature when the loan is due. You can take the risk provided you make sure that ROI is more than the loan cost.

Other avenues to explore

If it is not the option above there are many other avenues that you can turn to for better ROI. If …

Category:daily finance, General Article, investment news
Read more