Retirement Money

When our grandparents were working they could earn a decent living, pay for a house, a car, seven children, and still have money to put in the bank. But today, the cost of living has outstripped rises in pay so that things cost more but were not making more. We have to make due with the money we have.

Whats the implication? Sometimes that means getting a payday loan to bridge us to the next paycheck. Other times that means using our credit cards to consolidate our monthly expenditures and paying it back once at the end of the month. And still other times it means getting a loan to help us buy the things we need.

There are two types of loans. An unsecured loan is money that a lending agency gives to you based on their assessment of your risk. Your credit rating is one of the ways they make that decision. And since they lose their money if you default on your payment, the risk is higher so the interest rate is higher.

However, if you need to borrow more money or you want a loan at a more attractive interest rate, or you want some flexibility with the repayment terms, then borrowing against your assets is the way to go.

Some examples of assets, or equity, that you may be able to use include your home your car, your stock certificates, or some other kind of valuable possession. Borrowing against these assets assures the lending institute that they can recoup their losses if you fail to make your payments since there is an alternate form of payment.

Lending agencies like this because it minimizes the risk they take. And youll love it because it increases the amount of money you can potentially borrow, it lowers the interest rate youll have to pay, and it lengthens the amount of time youre expected to pay the loan back! What could be better than that?

Some excellent uses for secured loans include such things as debt consolidation or home improvement loans. In both cases, youll find that a secured loan gives you a good amount of money at an attractive rate so you can reduce your debt payments or increase the value of your home affordably!

We live in a world that expects us to borrow now and then. Dont you think that a secured loan is the way to go the next time you need to borrow?

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Retirement Planner Spreadsheet

The real estate market has taken a tumble in many areas, that much is old news. Smart people are looking for an upside and of course there is one if you are in a position to make a purchase then buying real estate in a depressed market is not a bad play. The same basics hold true today as they did 10 years ago, in property you make money when you buy and right now its a buyers market, prices will go up again at some point in the future.

For the smart investor or property developer opportunities are everywhere, the buy is where you make your money and in a depressed market buying well should be easy. So how do you buy well? Its a good idea to learn the market in your chosen area so its time to hit the real estate websites and the real estate agents. Start to collect data on local house prices, its a good idea to look at least 100 properties before you even think about making your first offer. The reasons for this are simple, 100 or more properties will give you a great base of market knowledge to work from, when you spot a barging you will know its a bargain. Keep in mind we are looking to make money on the buy, when you start negotiating it has to be from a business perspective not an emotional perspective, this is what brings many people undone. The idea is not to fall in love with a house it is more about falling in love with potential returns.

I will say it again keep a business perspective and let the numbers make the decision for you. Questions to ask yourself are as follows, how does this property compare with others in the area? The property should represent a great buy compared to others you have looked at. Try and find a desperate seller as this is a gold opportunity to negotiate a favorable deal, many agents cant wait to spill the news that the sellers are in financial trouble so always prod them for information. How much do I plan to spend? There is not much point in spending all of your profit on upgrades to the property so before you buy you should have a basic idea of what you will need to outlay to protect your profit position, a spreadsheet is always a good idea to track expenses.

When do you plan to sell? Its a good idea to map out an exit strategy, it may be a quick flip or you may plan to hold the property over time, whatever the strategy is you will need to work the plan, of course there are variables that may come into play but always work to a schedule. Ive seen many people fall into the 5 year renovation trap and never get anywhere. Rinse and repeat. Once you know what works for you then its simply a matter of replicating your efforts over and over, its hard work and it almost never goes to plan but in the long run property can still make you rich.

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Retirement Advice

Living in todays metropolitan world of cellular phones, mobile computers and other high-tech gadgets is not just hectic but very impersonal. We make money and then invest our time and effort in making more money. Does it end? Not usually because we are never satisfied. How many times have we convinced ourselves that if only we had some more money, life would be so sweet? But then, after receiving a substantial raise, we realize that it wasnt enough and that we need more?

What Should You Do?

I have read many books on life such as Robin Sharmas Monk says this and the monk says that, and they all seem to say that money is not necessary. But it is. Can you do without cash and a lot of it? I know I cant.

So, I went to the neighborhood Rabbi and asked for advice that will help me find my true way in life.

The rabbi nodded and took me to the window. “What do you see?” he asked me.

Promptly, I answered, “I can see people walking to and fro and a blind man is begging for alms at the left corner.”

The Rabbi nodded and guided me to a big mirror. “Now look and tell me what you see?”

“I can see myself,” I man answered.

The Rabbi smiled. “Now you cant see anyone else. The mirror and the window are both created from the same raw material: glass, but because on one of them they have applied a thin layer of silver, when you look at it all you can see is your own reflection.”

The Rabbi placed his arm on my shoulders. “Compare yourself to those two pieces of glass. Without the silver layer, you saw the other people and felt compassion for them. When you are covered with silver, you see only yourself.”

I looked at the Rabbi and stared. “I dont understand.”

The Rabbi continued. “You will become someone only if you have the courage to remove the silver covering over your eyes in order to again see and love others.” He patted me on my back and sent me on my way.

I have thought of what he said and come to the conclusion that he had a point. Yes. We need money and we should not aim to lead a money-less existence; its pointless and will only cause us and our families many heartbreaks in the future.

Instead, I suggest that we should follow the advice the Rabbi gave me. When we approach life through a silver covering, all we are able to see is ourselves. But discard that covering, and you will be able to see and feel everyone else.

Conclusion:

In life, we are allowed to and should be able to look at both kinds of mirrors, but we should remember that a mirror reflects only us; a window is the door to compassion, health and true wealth. In other words, seek wealth by all means, but dont let it dissuade you from life, people, children and the poor and needy.

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Retirement Saving Tips

Savings Accounts

Savings accounts are the best idea for putting away a set amount of money each week or month depending on your circumstances. You would be surprised at how quickly this money can add up if you are contributing a set amount from your paycheck every payday.

When shopping around for the best savings account, find one that pays a good interest rate and has a minimal amount for opening the account. A lot of banks only require a dollar to open an account while others may want you to deposit anywhere from 5 dollars to 50.

The convenience of having money automatically withdrawn from your paycheck and placed in your savings account is great for some. However others may not put a set amount in each payday and may want to choose how much they deposit into their savings account.

The best type of savings account will pay a comparable interest rate, be easily accessible to your home or work, will not charge a fee for withdrawals from your account, has on-line availability, and does not require a large deposit to open. If you have a bank account and access it online you should be able to transfer money to and from your savings account. You should try not to transfer from it unless it is an emergency because this defeats the purpose of having the savings account in the first place.

Some types of savings accounts are geared towards the holiday season. This allows you to save money for Christmas. If you start it early enough in the year by the time Christmas rolls around you can have a nice amount for your holiday shopping.

Another type of savings account featured by some banks link your debit card with your savings account. Every time you make a purchase using your debit card the amount is rounded up to the next dollar and the extra is deposited into your savings account. Some of these banks will even match the amount deposited by a certain percentage.

Savings accounts are great ways to start your children out learning how to be responsible when it comes to money. Open a savings account and let them deposit birthday money or Christmas money for themselves. All the change that gets thrown in a jar every day can become a savings account deposit for them. They will love to go to the bank and deposit their own money and in the process you are teaching them the importance of saving.

Another advantage to a savings account is establishing credit. If you borrow money from your bank using the money in your savings to secure the loan, when you pay the loan back you will have established credit with your bank. This can make it easier to get an unsecured loan should you need it.

It is important to have a savings account and add to it regularly. For that unexpected expense that crops up, having the money to cover without having to borrow the money is great. With everything today being based on credit-worthiness, establishing a good relationship with your bank or credit union can make a big difference when it comes to buying a home or a car.

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How To Save For Retirement In Your 40S

Sadly, we dont live in a world where one can realistically be expected to save their money. It just doesnt happen anymore! A few decades ago that could have happened but not any more. It used to be that your income was far greater than your expenses and you could put quite a bit away. But now our income is often outstripped by our expenses. Our income has not kept up with rising prices and rising taxes.

So were forced to make due with our current income. Sure we can try to increase that income over time, through pay raises or moonlighting or getting a better job, but the reality for many of us is that we have to figure out a different way. One of those ways is to intelligently use loans to help you with your finances.

Perhaps it means getting a payday loan to bridge us to the next paycheck. Or maybe other times it means using our credit cards to consolidate our monthly expenditures and paying it back once at the end of the month. And still other times it means getting a loan to help us buy the things we need.

There are two types of loans. An unsecured loan is money that a lending agency gives to you based on their assessment of your risk. Your credit rating is one of the ways they make that decision. And since they lose their money if you default on your payment, the risk is higher so the interest rate is higher.

However, if you need to borrow more money or you want a loan at a more attractive interest rate, or you want some flexibility with the repayment terms, then borrowing against your assets is the way to go.

Some examples of assets, or equity, that you just might be able to use include your house your car, your stock certificates, or some other kind of valuable possession. Borrowing against these assets assures the lending institute that they can recoup their losses if you fail to make your payments since there is an alternate form of payment.

Lending agencies like this because it minimizes the risk they take. And youll love it because it increases the amount of money you can potentially borrow, it lowers the interest rate youll have to pay, and it lengthens the amount of time youre expected to pay the loan back! What could be better than that?

Some excellent uses for secured loans include such things as debt consolidation or house improvement loans. In both cases, youll find that a secured loan gives you a good amount of money at an attractive rate so you can reduce your debt payments or increase the value of your house affordably.

We live in a world that expects us to borrow now and then. Dont you think that a secured loan is the way to go the next time you need to borrow?

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How Much I Need To Save For Retirement

If you are interested in day trading you first need to know what it is all about and to understand the basics of day trading. For starters, a day trader is a person who is very active in the stock market and makes several trades a day in an attempt to make quick gains by buying and selling stocks in a short time span.

As the market is never the same day to day, no one particular day trading strategy will work each time. To be successful, you first need to understand how the market works and get a feel for the market.

This includes recognizing the stocks basic trend, the long and short setups, when to enter a trade, and where to place stops. Another very important basic is how to protect your profits and minimize losses.

Once you have learned the basics and are ready to try your first day trade, here are some tips and guidelines you should keep in mind that is essential to your success as a day trader.

Being a day trader requires a lot of time and practice before you get used to the everyday volatility in the market. Do not expect to become an expert day trader overnight. No matter how many books you have read or day traders you have watched, that will not make you an immediate expert.

There are day trading websites that simulate trading. Practice with their trading platform first before trying out the real thing. It could save you a lot of money and you will learn the ropes faster this way.

If you are ready for real live trading, do not be scared by the thought of losing money. There are ways to minimize your loss such as with stop orders.

If you lose money, do not worry, as some loss is to be expected. Just remember, with increased experience and sensitivity to the market, you will start turning a profit soon.

If you profit large sums of money, stop trading. Do not gamble it away by trying to gain even larger profits. You can always trade another day.

Sometimes the market will not perform as you expected. When you encounter this situation, it is best that you do not trade at all.

Once you gain more experience in day trading, you may be able to predict the direction of a stock price. However, try not to pick top stocks or bottom stocks. This is one of the most common mistakes of a beginner.

If you cannot predict where the market is heading, it is best if you stand aside and wait, or you can always go home and trade again another day.

It is a good idea to record all of your day trading results. This way you can learn what works and what does not, and be more effective in trading.

Observe good traders. Look at how and when they sell or buy. Generally, good day traders often buy on bad news and sell on good news.

Beginners often get emotional in their trades. Avoid this at all cost, stay emotionally detached and professional.

Learn to trust your instincts. Relying too much on analysis may mean letting a few good trades slip away from you.

As you gain experience, you will see that different day trading strategies are required on different days and required on different stocks. Be flexible.

Bad day traders often focus on too many stocks that are not manageable and often lose track on where each stock is heading. It is wise to limit your stocks in manageable numbers.

With patience and practice, you can be successful in day trading, and as your experience grows so do your profits. Everyday you can learn new day trading strategies in the market, which you can use to your advantage.

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Mutual Of America Retirement

If Wal-Mart is the supercenter for retail shoppers, then new arrival Stockleaf is the supercenter for investors. Where else can one go to get up-to-the minute news on any publicly traded company from every financial news site available? and have it all on one page at one time?

Until November 2007, the answer to that question was nowhere. But stockleaf.com sprung up on the cyber-scene and all that changed. The beauty of Stockleaf is in its simplicity. Type in a stock symbol and Presto! Youll get links to all the recent news articles from Y! Finance, MSN Money, Google Finance, Forbes, Smart Money, and Seeking Alpha. Youll also get the stocks opening price, previous close, dividend information, P/E, and 52-week range. Click on a news link and itll open in a new window allowing you to navigate easily back and forth.

As if all that werent enticing enough to get those fingers clicking away on your keyboard, you can also check out feeds from Financial News sites, blogs, or see them sorted by subject (i.e, mutual funds). And all this is updated in real time, every day, making it easy to stay on top of the stocks you own, want to own, or simply want to know more about.

Lets face it. The internet is supposed to make our lives easier, not challenge us to a quest of hunting down the most applicable financial news tethered to a search engine. With Stockleaf, its finally doing what it was designed to do make us more efficient. Whether youre a day trader, a broker, or the type of person whose mind automatically converted “Wal-Mart” to “WMT” when you read that first sentence, Stockleaf puts you in the drivers seat, bringing the world of information and reliable news sources to your fingertips.

Go anywhere you want, but start with Stockleaf. Its worth the bookmark. Think of it as your daily guide, custom-made just for you. If time is money, then efficiency is priceless.

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How Much Saving To Retire

As a small business, your focus on the bottom line is always crucial. But how do you increase your bottom line? Increasing the bottom line can happen two ways. One way is to reduce expenses. The other is to increase sales. Of course – thats Business 101, right? But how does a small or home-based business on a shoe string budget do those things?

Reducing expenses

It all adds up! Five dollars here, ten dollars there, maybe a couple hundred somewhere else. Take a good hard look at the services youre using. Are they all optimized for what you use? A good example is your phone service. Are you signed up for an unlimited long distance calling plan? If not, you should! If youre using a service like eFax, be sure that youre on a plan that matches your monthly usage. Same goes for a service like Freedom Voice. Be sure that the number of minutes youre signed up for each month is in line with how much you use the service.

You can also reduce expenses by making good use of a virtual assistant. A professional virtual assistant can not only help keep an eye on your bottom line, but s/he can save you money because you only pay for what you use. Theres no need to hire a bricks-and-mortar temp service and pay for four hours each time you need a one hour task completed. A virtual assistant is essentially on stand-by for whenever you need her and she only clocks in when shes working on your tasks. This saves huge amounts of money over in-office assistance and bricks-and-mortar staffing agencies.

Hiring a virtual assistant also helps reduce, actually eliminate, the cost of hiring an assistant. When you make the decision to hire a staff member, if youre considering an in-house person, you need to factor in the cost of an additional phone line (or two), an additional computer, desk, office chair, etc. With a virtual assistant you dont need any of those things. All virtual assistants come with their own equipment to get the job done!

Increasing sales

Not enough of you to go around? Write up the sales procedure you use, along with the phone script, give her the qualifiers (what makes a good customer for you), send your virtual assistant the names and phone numbers you want called, and have her cold call and qualify leads for you. Imagine being out and about during the day following up on all those leads she finds you. Talk about saving you time and helping you make more money. You can even take it one step further and ask your virtual assistant to send out the preliminary information to your potential customers. Now thats making good use of your time and your virtual assistants time.

Sending out letters and postcards? Have your virtual assistant do it! As a business owner you shouldnt be spending your time licking envelopes and stamping cards – it should be selling or servicing your customers. What dollar amount do you bill for your time? $50 per hour? $75 or $100 an hour? Isnt it more cost effective to have a $20 per hour assistant handling those menial tasks for you?

Have your virtual assistant answer your inbound calls for you. How many times during the day does someone call that you dont really need to talk to – that someone else could handle. How about the time wasters who call just wanting to chit chat? Let your virtual assistant screen those out for you. Better still – train her on the types of calls that come into your office and teach her how to handle each call type. Again, this frees up your time to do what you do best!

A virtual assistant cannot only help you save money, which of course impacts the bottom line, but he or she can also help you make more money.

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