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There are many different types of wallets in today’s world. We are seeing a move towards less actual physical items, including even an actual wallet, into a digital wallet. Like Apple & Android Pay, as well as, being able to load all your credit & debit cards onto one single card, the wallet is becoming more and more obsolete. However, until then, we can still see many nice leather wallets full of many traditional items, with the addition of newer items as well!
Airbnb is the personal accommodations website that’s taking the overnight guest industry by storm. If you’re considering posting your home or personal property on the website to make a supplementary income, you’re not alone. People across the world have taken note and put their homes up for grabs, but this route is not without its caveats and risks. Before you take the plunge, consider the risks and rewards that come along with this venture.
Interest rates are plummeting again and this is bad news for those who want to live on a fixed income in retirement. Ten years ago the ten year treasury yield was above 5%. Today it sits at 1.7%, which is below the rate of inflation.
NOTE: This article is direct towards UK readers, so much of the information may not apply to US readers.
There are many good reasons to take out life assurance to ensure the financial security of your loved ones after your death. Most of these reasons centre around the provision of a lump sum that can be used by your surviving family for:
Being rejected when you apply for a loan or other form of credit can be dispiriting experience. You may be asking yourself what you did wrong, what is suggesting that you are a credit risk or if there has been a mistake.
It’s worth remembering if you are in this situation that you are not automatically entitled to credit. Banks and other lenders only lend to people that they think represent a low risk on what is an investment on their part and are unlikely to accept applications for people they think are unlikely to repay the money they want to borrow. It’s a balancing act – they want to protect their money while, at the same time, increasing the profits they make from the interest charged on the loans that they do make.
As the notorious April 15th tax filing deadline looms closer, you might want to take the opportunity to figure out how you will choose to maximize your tax refund. You certainly have a wealth of options – including a nice splurge – but there are some options that you might want to take that will repay you for years to come.
To become a millionaire by your 30s is possible, and you do not need to invent a new generation of Facebook or Snapchat, or win the lottery’s grand prize. Many ordinary people did that just with their strength of will and hard working!
To help you reach that incredible seven figure number today we are going to give you five tips, actually tried of by people who became millionaires at a young age. However, we can’t guarantee that you will indeed become rich if you follow these tips, but they certainly won’t reduce odds of that happening either.
In a world where literally everything we could want as consumers is at our fingertips, it’s difficult not to expect instant gratification.
At the touch of a button we immediately receive all sorts of things.
But the problem with all of this ‘on demand’ availability is that we are evolving into a race that acts with expectation, rather than taking the time to nurture ourselves as responsible human beings.
Have you ever felt that sinking feeling when you find out you need to spend money on a home or car repair that you weren’t prepared for?
You knew it was coming; hindsight is always 20/20, and you end up beating yourself up for not planning it out sooner.
If you don’t have an emergency fund in place, that sinking feeling is all too familiar.
Financial experts say you need an emergency fund worth 3-8 months of living expenses (to cover you during a layoff or career change).
Other experts say having at least $1000 on hand for real emergencies is the minimum you should have on hand for life’s surprises.
There is a way to prevent that sinking feeling next time you get hit with life’s unexpected/expected expense events (say that 5 times fast).
If you have never considered buying a holiday home before, now could be the perfect time. Spain has some incredible destinations including the famous Marbella on the Costa del Sol where you can purchase luxury villas at excellent prices. These can serve as incredible holiday homes for you to visit any time of year.
But the reason a Spanish property can be such a smart investment is that there are so many options with what to do with your villa moving forward. Here is why you should choose a holiday home in Spain as the place to put your money.
So you’ve gotten your killer idea, you’re putting your business plan into action, you’ve bought a domain name, you’ve ticked all the initial boxes when starting a new business, what next? Consider hiring a professional accountant to help you manage your new business. While it may seem like a needless task to start off with, if you are really keen on getting your business up and running and in good time, you need someone with management experience and knowledge of the industry. Accountants have that essential knowledge and will be able to provide professional advice based on your specific business needs.
If you are financially secure and have assets you wish to pass on to your family when you die, planning for inheritance tax (IHT) is key. As it stands, by law you can leave an estate worth £325,000 tax free. Anything above that amount will be liable to a flat 40% IHT rate.
This might mean that your family may have to sell the family home or, in any case, be unable to benefit from a large portion of the wealth you have accumulated over a lifetime.
If you are worried that this could be a likely scenario for your family, an Asset Protection Trust is definitely worth looking into. Why not discuss this flexible estate planning tool with your solicitor to see if it could be right for your situation?
When you apply for a guarantor loan, it isn’t your credit rating that the lender is most interested in: it is that of the person who has agreed to provide the security that the loan will be repaid.
Everywhere you look these days, people’s achievements are being celebrated, whether it be in the papers, among our family and friends, or on social media.
And why not? Success is a wonderful thing and worthy of celebration, but so to is failure.
OK, so hear me out on this one. Failure gets a bad rap and most of us go to great lengths to avoid messing up.
But here is the thing: we are all going to fail at some point — whether it be a succession of small errors or one monumental disaster.
The sooner we embrace failure as inevitable and arm ourselves with a few tricks to handle it, the better off we will be.
Here are four good reasons to celebrate failure:
Even though many people in countries like Australia and USA are taking the online route to buy auto parts, there is no dearth of myths when it comes to online purchase. In this article, we examine some of the common misconceptions about buying auto parts online.
There is a new investment vehicle in town that is turning out to be very fast to learn and promised to give very high returns. But as usual, it has its own risks since you might end up losing your money when trading just like in any other financial market. I am talking about binary options trading; which is catching up with many millennials as a very easy way to earn an extra income without much ado. However, before you burn your fingers in this new lucrative source of passive income, you first need to learn how to trade binary options from the experts.
The stock market has had a tough start to the year 2016. In January the S&P500 closed down almost 6% at month end, while the MSCI World Stock Index closed around 9% lower in the first month of the year. This horrendous start to the year for stocks was caused by a fear of an economic slow down in China, sluggish global economic growth, a steep drop in oil prices and uncertainty of the timing of future interest rate hikes by the Federal Reserve.
If you’ve been slapped with a tax levy, you know exactly how disastrous this extreme measure can be on your credit, belongings, and life in general.
The moral of this infographic is this: don’t commit insurance fraud. Even when it’s not this extreme, you will still get caught.
It’s never a good idea to try to profit from “gaming” huge corporations.
Plus, it’s illegal.
So just for fun, here are the reason why you shouldn’t commit insurance fraud…
The idea of a weekly review was first made popular by David Allen.
He suggests that you cut out a block of time each week to review the previous week, and an additional block of time to plan the upcoming week.
I’ve learned a lot from his methods and I incorporate much of his teachings in my processes.
But the fact is, you don’t want a weekly review that takes several hours to complete. Because you won’t do it.
Here’s a quick weekly review that doesn’t take all day, and will save you countless hours throughout the week…
Going on a safari is not your typical traveling experience. It requires a lot of saving and planning in order for you to get the full experience from your trip. Often travelers tend to set their expectations high, and this is not to say you should set yourself up for an unsatisfactory trip, but people often underestimate the amount of research it takes before you go on a safari.
The planning stage is without a doubt the single most important aspect of a safari. It is a good idea to talk to safari experts who can share their experience and knowledge with you. You will be able to discuss budget and an all-round outline of your trip so you have an understanding of what to expect for your money. Before putting down money for a deposit you should make sure you are completely happy with the arrangements of your safari trip.
Traders search for different ways to earn in the Forex binary options market. One of the easiest, most popular and profitable short-termed strategy is 60 second strategy.
Retirement is always an interesting topic.
It may be so far in the future that you haven’t really thought about it, it could be closer than you care to admit, or you could technically be retired right now.
It doesn’t matter how old or young you are. The fact is, you need to start thinking about retirement now. Today.
You need to know your options. So I’m going to explain what they are and what to do.
Here’s what you need to know about retirement and planning for it…
I love to study successful people and I don’t just mean the financially successful. I’m talking about the people who are successful in their internal and external world. These are the people who live with inner-peace and outer-joy and fulfilment.
I’ve learned that success leaves clues. As long as you’re following the path of those who have achieved what you’re after, you will start picking up what it took them to get to where they are.
In this post, you will learn 11 different habits that I’ve learned and observed from people make the most out of life and the best part; you can model these habits into your life and live a more complete and successful life.
You’ve heard both extremes: “debt is a tool” and “debt is pure evil”.
I’m not that extreme, but I do lean towards the second option.
It’s often believed that debt can be used as leverage, and that it can get you where you want to go faster than living debt-free. That can be true, but living with debt can also get you bankrupt faster than living without debt.
Yes, all reward has risk, but this one may not be worth it.
Let me clarify. Here’s why I think debt is a bad idea and how it’s possible to live without debt…
The internet and online accounts have made it easier than ever to keep your accounts in check and make immediate adjustments to your investing strategy. Yet cybercriminals know about the vulnerabilities that exist online for investors. They also know the rewards of a sustained hacking or scamming effort. While banks and other financial institutions have done a great job to protect their customers online in recent years, their methods aren’t perfect just yet.
Additionally, you can be endangering your retirement by doing (or not doing) things online that reveal your personal or account data. A hacker doesn’t need to work too hard to link all of your online activities together or spot an opportunity, and identity theft remains one of the major problems of our time. Once your assets or identity are stolen, it might not be simple to get them back.
Here are a few of the things you need to know and do to keep your savings safe online:
We all have loose change; jangling around in our pockets, in our cars, in drawers, and often just jangling around in the washing machine; we’re often a little too quick to dismiss our change. But if we have our smart head on there’s actually plenty of money to be made, so long as we have the foresight and patience to view it in the long term.
In 2014, it was estimated that the daily volume of foreign exchange trading stood at an impressive $5.3 trillion. This has increased further since, especially as the global economy has continued its recovery and driven greater interest in the financial marketplace.
Currency trading is an extremely difficult exercise, however, and one that is fraught with numerous challenges. Without a clear understanding or comprehension of the marketplace and the underlying laws that govern change, it is almost impossible to profit and easy to incur losses.
Consumerism has turned into an addiction.
As a society, we are addicted to consumption. We consume products, food, things…at an alarming rate.
I’m starting this “Understanding Series” with consumerism for a reason. I’m going to go in-depth with every area of your finances throughout this series, but it all starts right here.
If you don’t understand consumerism and how to get out of the trap, you will lack in every other area of your finances.
Here it is: how to set yourself apart from the average consumer. How to be a savvy consumer…
Perspective is a curious thing. Did you know that today’s average smartphone has more computing power than the entire NASA program which successfully landed men on the moon, back in 1969? Of course, it wasn’t much of the computing but instead all the brilliant minds at work, but still. Perspective allows us to appreciate things we wouldn’t otherwise.
We make this analogy because it’s that much impressive how technology has evolved over the past few decades, and today it is a tool at the service of the global community, rather than just for selected governments and multi-million dollar companies, as it was in the wake of the 20th century. The market is constantly evolving and technology can help us to not only keep track of it but also to benefit from all these changes.