Archive for the ‘Financial’ Category

07.27
15

Financial Literacy Appreciation for Depreciation and Time Value of Money

by como ·

In today’s society, instant gratification and the desire to buy everything brand-new seems to be a typical behavior among most consumers. However, many consumers may decide to reevaluate their spending habits and proposed purchases if they better understood how quickly the book value of various items depreciated. Cars (vehicles), jewelry, books (especially text books), electronics, cds, dvds, power tools, and furniture all represent commodities with book values that depreciate at an exponentially fast rate. All of the aforementioned items could be bought at full price, but buying a used item could save consumers a considerable amount of money as well as still allow them to benefit from the useable life of the item. Ideally, enhancing financial literacy regarding depreciation would help individuals to reduce personal debt by reinforcing the disproportion between the quality of an item and what it cost. Nevertheless, having a working understanding of the various depreciation methods would definitely assist consumers to make conscious decisions when making purchases.

Depreciation is defined as the expenses associated with spreading-out or allocating the cost of an asset over its useful life by accounting for physical wear and tear, decay, and obsolescence. In order to measure depreciation several factors must be determined which include, the cost of the asset, the estimated useful life, and the estimated residual value. Typically, the cost to purchase an asset is a known amount by the purchasing entity, but the estimated useful life and the estimated residual value need to be determined. The estimated useful life of the asset represents the length of service that is expected from using the asset, which can be indicated in years, units of output, miles, and other measures. Next, the estimated residual value (which is also commonly referred to as the scrap value or salvage value) is expected to be the cash value of an asset at the end of its useful life or when the asset is sold or discarded. Typically, the estimated residual value will be determined by the owner of the property or another reliable source (i.e. Kelley-Blue Book). Straight line (SL) depreciation represents the simplest and most-often-applied depreciation method, in which an equal amount of depreciation is assigned to each year (or period) of asset use. For the most part, depreciation on goods purchased by consumers can be calculated through the SL depreciation method. In essence, SL depreciation per year = Cost-Residual Value/ Useful life in years. With this method, the depreciable cost can be determined by deducting the estimated residual value from the asset’s original cost. Consumers should also keep in mind that depreciation decreases the value of the asset, because the amount of depreciation continues to accumulate each year. Also, the valued equity of the asset decreases as a result to the depreciation expense. Thus, as the asset is used during operations, the accumulated depreciation increases while the book value of the asset decreases. In SL depreciation, the asset depreciates until the book value equals salvage value. When the estimated useful life is achieved, the asset is considered to be fully depreciated. For example, if an individual purchases a sports car for $55,000, with an estimated useful life of 10 years and an estimated salvage value of $8,000. The SL depreciation for the sports car would be determined by using the SL depreciation equation of (Cost-Residual Value/ Useful life in years) which equates to ($55,000-$8,000/10 years). In essence, the sports car would depreciate by $ 4, 700 per year.

In addition, many consumers that can’t afford to buy brand new big ticket items, often satisfy their wants and needs through participating in rent to own agreements with companies like Rent- A-Center and Aaron’s. Most consumers that make agreements with rent to own businesses often don’t fully understand the ins and outs of their contract. Typically, these rent to own business organizations earn revenue through marking up the retail price of items and by charging high interest rates, which are most likely compounded daily. In the end, the consumer that shops at rent to own stores sometimes end up paying twice as much as the item is worth and in many cases once the customer finally owns the item, it most likely has depreciated to its salvage value.

Prudent consumers should also become familiar with the time value of money and how this relates to the compounding of interest on rent to own agreements and credit cards. Typically, in the U.S., credit card interest rates are compounded daily based on the unpaid principal and then they are applied to the monthly billing cycle. Compounding refers to the process of calculating interest for a specific time period on the sum of the principal and any interest accumulated at the beginning of the period. Basically, with credit cards, the holders are paying interest on any interest charges as well as continuing to pay for the loan. Consequently, the compounding of interest on credit cards is what makes them so difficult to pay off. In the end, the sooner consumers learn to appreciate the benefits of financial literacy, the sooner they will understand the concept of depreciation and the time value of money.

07.6
15

Cash In One Hour- Tremendous Financial Aid For People In Dire Needs

by como ·

Do you need quick cash to overcome your fiscal pressures? It is a fact that you cannot avoid the unexpected expenses or make delay in repaying it as it may let you fall in future debt problems. Thus, to overcome the uneasy financial phase of your life, here are cash in one hour for you. If you are unable to match up with your financial budget and desires, quickly get applied with this loan for immediate financial aid. Check this feasible and trouble free financial aid to meet your fiscal needs right away.

Cash in one hour is an instant and simplest form of loan that is available in short form of loan. If you are unable to arrange any collateral to pledge as a security, these loans prove as appropriate and beneficial for you. The loan money that you can borrow depends upon your monthly income that can be repaid when you receive your upcoming payday in your account. There will be no restriction in the spending of loan money. Enjoy this hassle free financial aid without any discomfort and hesitation.

Applicants who are permanent US citizen and complete the age of eighteen years or more can apply with this loan aid. Plus, a checking account under his name and a regular employment is required to prove his repayment ability.

If you are affected with several bad factors in your account like insolvency, foreclosures, bankruptcy, CCJ, arrears, defaults and so on, you can still accomplish the approval of one hour cash advance. This loan does not follow any credit checking process that let you fulfill your financial expenses without any credit issues. One need not have to face the favorism at all.

Online application method considered as the easiest and fastest approach for all. If you need to get the assistance of cash in one hour, make a careful research at online financial market. There are numerous lenders available that offer you immediate financial aid at competitive rates. Choose the better lender and land with the reasonable deal of all. Swiftly fill up a single online application form with few required details. Funds will deposit in your account within quick span of hours.

Anytime when you have inadequate finance but expenses are more, relying upon cash in one hour can be the swiftest financial aid. These loans are powerful source of finance that let you manage your uncertain financial ups and downs without any fuss and delay.

07.5
15

Quick Payday Loans For Bad Credit Peoples Useable Fund For Financial Urgencies

by como ·

To obtain some funds where one should go. There may be plenty of ways through which you can derive funds but all of them are not liable to lend you funds in as little as possible time. First of all you will definitely ask your friends or family members for funding, or you would like to break your savings account. In addition, you have an approach to apply for bank loans but they are also difficult for you. Nevertheless, you do not need to get worried about arrangement of fast money since quick payday loans for bad credit people are there to give you significant financial aid in stress free way.

These are kinds of small short term financial aids released in online financial market where you can easily find them out. Thats all you have to search for the keywords quick payday loans for bad credit peoples in any search engine and then click on it. Just in a moment you will find a loan website on which you have to complete a simple application form with the required details and then, submit it. After confirming your details, the finance is transferred direct into your account. Good thing is that you do not need to waste your precious time as it is free from all hassling procedures.

You can apply for a loan amount ranging from 100 to 1,000 with quick payday loans for bad credit peoples without giving any sort of security. You have to repay the finance within a period of 14 to 31 days. You also have chances to increase repayment term as per your convenience by pay a nominal charge to the loan provider. There is no collateral required in lieu of the loan and so the rate of interest charged is somewhat higher than other loans.

With the availed fund you can easily meet with various small short term financial purposes such as clearing off medical bills, paying for childs school or examination fees, sudden car repairing costs, going on small holiday trip to countryside, loan installments, credit card payments, shopping bills, paying electricity or grocery store bills and many more.

You will be absolutely an ideal candidate to derive quick payday loans for bad credit people in spite of having bad credit history. Thats all you have to be a resident of United Kingdom above 18 years old, your must be a fulltime employee herewith steady income and you have a valid active checking account. Afterward, you marked with bad credit scores including defaults, arrears, foreclosure and even late payments can also derive these loans without any hassle.

07.4
15

How Condominium Owners Associations Get Their Financial Reports Done Swiftly

by como ·

When you are in a place where you are part of a condominium owner’s association, you may find that there is a lot more on your plate than you think there should be. The truth of the matter is that when you are an organization like this one, thee is a lot of trivia that can take over your day and unless you are careful, you are going to run yourself right into the ground with the kind of work that you need to do. That being said, you will find that the work that you do is going to be necessary if you want to make sure that your association runs well, and part of doing that is the chore that is known as the financial report!

The financial report that a condominium owner’s association needs to compile and turn is something that is irritating but wholly essential to the way that the organization is run. It puts everyone on the same page, it lets you know where the previous year has taken the association and it can give you a great hint of where you are going to be in the future. There are so many things that a good financial report can do for the organization that just about everyone will agree that is necessary; the issue that comes up is one where no one has the time to do the report or that no one feels qualified to do it! If this occurs, what do you need to do?

This is where outsourcing comes in. When you are looking for duties that can be outsourced from your condominium owners association, remember that your financial reporting duties can definitely be one of them. There are a number of organizations and services out there that would love to take those duties off of your hands and free you up for something that is much more interesting. When you are looking at giving your financial reporting duties to an organization, what can you expect and what are your options when it comes to the scope of the duties that you can give up? There are many services out there that are going to have an extensive list of things that they are willing to do for you.

For instance, you will find that a good service can do everything from arrange your budget to collecting the homeowners’ dues to preparing financial statements for the Board. They might assist or even perform an audit based on the tax reports and they may do things lie pay association invoices. Essentially, they can take on nearly every aspect of bookkeeping that is important to your association. If you have ever felt as though you were plagued by the hundred and one small details that will bog you down when you are trying to get something done, this is the service that you might want to take a careful look at.

Consider how you are going to be able to take advantage of the financial services provided by the proper organizations; this can be a great way to maximize your time.

07.3
15

The Four Pillars Of Financial Intelligence

by como ·

You would think it would be easy to get people to admit that they want to be rich and then take action, wouldn’t you? But no, people are very worried about firstly admitting they want to be wealthier, and then very fearful of taking action. So, as a Wealth Coach, I usually prefer to talk about Financial Intelligence rather than Wealth Creation.

In order for people to get excited enough to make the leap and join The Money Gym, we have to talk about becoming a millionaire, and the millionaires we have helped create, because most people can’t often be bothered for anything less.

Unless there are guaranteed results and they are big and compelling enough, people often don’t want to pick up a book turn off the tv, go to workshops and learn anything new, certainly not for anything less than millions. And they want it quick too!

Really, Wealth Creation and Financial Intelligence are very similar animals, but Wealth Creation needs to be underpinned by Financial Intelligence, otherwise the wealth will go the way of the wealth of most lottery or competition winners up the Swanee, spent on fast cars, big houses, champagne and very unsuitable companions!

Actually I just described my old age, if you add in long holidays in the caribbean, purple velour shell suits, with lurid hair to match, lots of bling and unfeasibly high gold sandals.

However, rather than my frittering away my kids inheritance, my old age will be funded from ever renewing wealth, because I will have finally graduated in Financial Intelligence 101 by then.

I’ll come back to the kids inheritance later.

How can you train your brain to think in a Financially Intelligent manner? I like to think of Financial Intelligence as a platform on which you build your wealth. And like any platform, it needs to have a sturdy support, which I think of as….The Four Pillars of Financial Intelligence .

PILLAR ONE

Pillar One is “Managing Your Mind” where you discover where you are now financially, your family history with money, where your beliefs, behaviours and attitudes to money have often come from.

Then you must look at your abundance versus your scarcity thinking and learn how to monitor that carefully because that old scarcity thinking will pop up when you least expect it.

Whenever you find yourself thinking “I can’t afford it” then you need to beware! You are getting into the wrong mind set and closing yourself off to ideas.

Think instead “how could I afford it?”

PILLAR TWO

Pillar Two is “Managing Your Money” and covers budgeting, cashflow management and projections, credit management and debt busting. Knowing the difference between good debt and bad debt (and if you don’t know the difference then you need to read “Rich Dad Poor Dad” by Robert Kiyosaki fast!).

Learning how to pay yourself first rather than paying Starbucks, Vodaphone, your local curry house, Sainsburys, Egg, Total Petrol, and the list goes on

06.28
15

How To Explain Financial Analysis

by como ·

Individuals or firms trading equity (stock) on the stock markets as their principal capacity are called stock traders. Stock traders usually try to profit from short-term price volatility with trades lasting anywhere from several seconds to several weeks. The stock trader is usually a professional.

A person can call himself a full or part-time stock trader/investor while maintaining other professions. When a stock trader/investor has clients, and acts as a money manager or adviser with the intention of adding value to his clients finances, he is also called a financial advisor or manager.

Financial accountancy (or financial accounting) is the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders. The fundamental need for financial accounting is to reduce principal-agent problem by measuring and monitoring agents’ performance and reporting the results to interested users.

Although many companies offer courses in stock picking, and numerous experts report success through Technical Analysis and Fundamental Analysis, many economists and academics state that because of Efficient market theory it is unlikely that any amount of analysis can help an investor make any gains above the stock market itself. In a normal distribution of investors, many academics believe that the richest are simply outliers in such a distribution (in a game of chance, they have flipped heads twenty times in a row).

In this case, the financial manager could be an independent professional or a large bank corporation employee. This may include managers dealing with investment funds, hedge funds, mutual funds, and pension funds, or other professionals in equity investment, fund management, and wealth management. Several different types of stock trading exist including day trading, swing trading, market making, scalping (trading), momentum trading, trading the news, and arbitrage.

Financial markets have evolved significantly over several hundred years and are undergoing constant innovation to improve liquidity. Both general markets (where many commodities are traded) and specialized markets (where only one commodity is traded) exist. Markets work by placing many interested buyers and sellers in one place, thus making it easier for them to find each other. An economy which relies primarily on interactions between buyers and sellers to allocate resources is known as a market economy in contrast either to a command economy or to a non-market economy such as a gift economy.

Financial accountancy is used to prepare accounting information for people outside the organization or not involved in the day to day running of the company.
Managerial accounting provides accounting information to help managers make decisions to manage the business. In short, Financial Accounting is the process of summarizing financial data taken from an organization’s accounting records and publishing in the form of annual (or more frequent) reports for the benefit of people outside the organization.

Financial statements (or financial reports) are formal records of a business’ financial activities. In British English, including United Kingdom company law, financial statements are often referred to as accounts, although the term financial statements are also used, particularly by accountants. Financial statements provide an overview of a business’ financial condition in both short and long term. There are four basic financial statements.

The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. Reported assets, liabilities and equity are directly related to an organization’s financial position. Reported income and expenses are directly related to an organization’s financial performance.

Stock traders/investors usually need a stock broker such as a bank or a brokerage firm to access the stock market. Since the advent of Internet banking, an Internet connection is commonly used to manage positions. Using the Internet, specialized software, and a personal computer, stock traders/investors make use of technical analysis and fundamental analysis to help them in the decision-making process. They may use several information resources.

Some of these resources are strictly technical. Using the pivot points calculated from a previous day trading, traders are able to predict the buy and sell points of the current day trading session. This pivot points give a cue to traders as to where price will head for the day signalling the trader where to enter his trade, and where to exit. There are criticism on the validity of these technical indicators used in technical analysis, and many professional stock traders do not use them.

06.5
15

The Divine Technology To Eliminate Your Financial Troubles

by como ·

While the human society is at the crossroads, besieged with financial, health and relationship problems, Dr.Pillai (Baba), has revealed to humanity the ancient Vedic secret Mantra, Thiru Neela Kantam, to eliminate all the ill effects of bad karma and make life fulfilling and complete.

Our Money Karma or financial Karma determines our financial state. Sometimes some of us have a bad Money Karma and suffer financially due its ill effects. The same is the case with health or relationships or any other aspect of our life.

Our Karma decides what we go through. But suffering does not remove our bad Karma. Dr.Pillai, has revealed a divine technology in which the chanting of the Mantra, Thiru Neela Kantam eliminates bad Karma and makes us lead happy lives.

Dr.Pillai has discussed in detail about the importance of sound for learning and the elevation of the human mind and its thought processes. Dr.Pillai has identified the ancient Vedic Mantra of Thiru Neela Kantam as the right Mantra with the right quantum sound frequency to alleviate people of their bad Karma.

Dr.Pillai has advocated that Thiru Neela Kantam, (pronounced, TEE-ru NEE-la KAN-tum), should be chanted during Pradosham time. Pradosham is the time which marks the end of day light and the beginning of night every day. Monthly Pradoshams fall on the 13th day of the waxing / waning of the Moon. Pradoshams offer the best opportunity to eliminate Karma. One has to visualize blue light while chanting this Mantra. The effect will be stunning if it is chanted 108 times. The powerful vibrations created by the quantum sounds of the Mantra reverberate through our minds to make it attain higher levels. Our bad Karma will be busted and all our aspirations will be fulfilled.

When most of the world is going through a financial crisis, a lot of us have prayers for money. We need not suppress our monetary requirements. We can use this amazing divine technology, unveiled by Dr.Pillai, use the Vedic Mantra, Thiru Neela Kantam and lead a wealthy, healthy and happy life.

05.29
15

What Are The Financial Benefits Of Starting An Online Business

by como ·

What Are the Financial Benefits of Starting an Online Business?

It is all over the news and if you have missed it, the rock you have been under is larger than Texas. The economic downturn has affected all of us, some more than others through. In today’s tough economy people are looking for more financial benefits by starting an online business. Many people start looking for two reasons; they lost their job and are looking for a way to make a living or they are working on a Plan B. Plan B is your back up plan when Plan A does not deliver or is no longer a viable option. In this article we are going to go into a few benefits of starting an online business.

Cost Factor

The first thing that comes to anyone’s mind when starting a business is the start up costs. What is great about an online home business is saving the time and money looking for a place to run your business. Many people may already have a spare bedroom or an office area that they could do a lot of this work. You will want to consider though that you will also need a domain name and website to get started.

How Much Will You Need?

That is a very good question that I get asked a lot by people starting out. This cannot be answered with a certain number because there are many different opportunities and business ventures. There are opportunities that you could sell products or services, or be more of a consultant. Products just like consulting packages could not only keep you very busy but could bring tremendous profits. Although you could do a little of both, remember many times with a product you have to make an investment in inventory. I have seen initial investments from $50 to tens of thousands of dollars; it is really up to you.

What Else is Needed?

I am going to let you in on a little secret that many people want you to think otherwise about; when you start an online business it really takes more time than money. One great example of this is article marketing, although one of the most popular strategies it takes a good amount of time. Article marketing is when you write an article on a specific subject to submit it to many different article directories. As other people read your article there are links you can add which drive people back to your site.

Are There Other Ways?

Article marketing is just one of the many ways you can market your business online. You may not be a very good writer, but there are ways to promote videos or do some paid advertising that has quicker results. As with any online business venture I can only strongly recommend you have your won blog. Not real sure what a blog is? Then you need to read my article called “Can a Blog Make You Money Online?” This will help you understand a little bit more about blogging. A blog will attract an endless amount of followers in which you can market to as long as you provide valuable content on a consistent basis.

Once Was a Pipe Dream

Before the internet came to be building your own business could be what some call a “pipe dream.” With the power of the internet and you being able to leverage it, it is no longer a pipe dream. If you are willing to invest more time than money, have the mindset that you can learn something new, you too can have a prosperous online business.

I have found many financial benefits from my online business. From tax write-offs, lower clothing allowances, and lower fuel costs for my car. Besides the financial benefits, I also feel healthier because I no longer have the stress I once had working 70+ hours a week.

05.26
15

Some Acceptable Financial Sources And Requirements To Study In Australia

by como ·

Do you want to go to Australia to study in the colleges of the country? Make sure that either you or your sponsor has enough financial strength to pay your charges while you are in Australia. Your tuition and living expenditures are going to be a heavy burden on the finance, so you have to be very careful about the restive expenses that you incur.
Sources:
There are some acceptable sources from where the money for you and your family can be obtained. Some of these sources to support you are:
If you, your spouse, your brother or sister, your parents and your grandparents have a money deposit with any financial institution for 3 months or more prior to the date of your visa application then that can be considered as a reliable source. You may have an uncle or aunt living in Australia or are either a citizen /permanent resident of the country or an eligible citizen of New Zealand, and then also you can take support from their financial account for immigration to Australia.
A financial institution may have granted a loan to or in the name of your spouse, your brother or sister, your parents, your grandparents and last but not the least you. Your uncle or aunt who usually lives in Australia and is either a citizen/permanent resident of the country or an eligible citizen of the country of New Zealand, then a loan by a financial institution either to them or in their name is an acceptable source. For a student visa in Australia:
You may get a loan from the government of your home country.
Your proposed education provider i.e. the college, university or institution can also provide you a grant which is acceptable and adequate.
The Australian Government or a State or Territory government in the nation can render you a financial assistance
Any foreign country government can lend a help
You may obtain a loan from a financial or state government of a foreign country that has the written support of the national government of the said foreign country.
An organization under the statutory control of a minister can also give economic help
A non-profit enterprise which is admissible according to the policies of Australia
A multilateral agency can also render financial support such as United Nations, World Bank or Asian Development Bank.
Proofs and documents for bank deposits:
After you immigrate to Australia do not give anybody the chance to question your ethics and integrity and always keep the evidence of the source of money ready. You may have a money deposit in a bank, for this the required proofs are:
Pay slips of the bank
Bank loan documents
Interest that you get from the investments.
Documents for loans:
A loan demands the following evidences:
A bank statement clearly showing the credit amount available.
A statement from the individual who took the loan that its purpose is to support your studies.
If you are interested in applying for Australian student visa and study in one of the prestigious institutions in the country of emu, then get ready with the assortment of documents to the land of the golden wattle.

05.1
15

Payday Financial Loans For Your Hard Cash Wants

by como ·

Nevertheless, getting bad credit is not always the finish of the planet for you. If you flip to a personal lender as an alternative of a lender, you have large probabilities of obtaining the money you need even if your credit rating record is not spotless. Private loan companies are commonly much extra adaptable than financial institutions when it arrives to eligibility conditions. For case in point, if you apply for a payday loan, in most cases you will never even have to go by means of a credit history verify.

When you full these requirements then obtaining poor credit rating exact same day financial loans will not be challenge for you. There is collateral ailment, so these financial loans are truly quickly. You can get the cash inside of 24 several hours in your account. You just need to have to be very careful about curiosity fee as it can be higher because of the limited expression character of the financial loan. However by executing some lookup you can get the personal loan with very affordable conditions and disorders.

This letter is to formally stick to up on my application for personal loan modification I sent in to you very last week. The application states what we experienced and what we are on the lookout for, but definitely does not go into how specifically we acquired into the scenario we are in now.

Payday financial loans are quick to get. You have likely observed that there are as a lot of payday stores in your community as there are grocery retailers. This signifies that if you find your self in a financial pickle you are in no way more than a couple minutes absent from a couple hundred dollars. And, if you are worried that someone you know may see you coming into or exiting a payday advance place, you have the solution of applying on the net.

Are you struggling from monetary predicament in some cases? Searching for simple dollars advance to meet up with hard cash emergencies? If of course, you should want Payday Instant Financial loans so as to borrow quick dollars in the choice of these financial loans. At current, we organize these loans together with economical desire fees to seize attention of many debtors. So, what are you ready for? You can now like Click And Loans and procure rapidly hard cash to meet dollars emergencies. Now, you can utilize personal loan via on-line method without having utilizing paperwork.

With faxless payday financial loans on broad expansion, no a single has to be nervous in any financial requirements. Whichever are the requires regardless of whether it is to pay back university costs of youngsters, to pay out some urgent hospital expenses, to fix the automobile, the no fax payday financial loans will verify to be a reputable guidance for widespread individuals.

Plenty of persons are cynical of money establishments who have large costs of interest and may perhaps obtain the cash for your demands very easily. This team of lending choices consists of payday loans. If you are considering this distinct bank mortgage, you have to be as educated as you can with regards to typical tactics. This shorter report will cease you from getting ripped off as you may perhaps go into the forest of pay day financing.