Category Archives: finance

Four Simple Tips to Save and Manage Your Money

Saving is great but to actually start saving is easier said than done. One of the biggest obstacles to saving is getting started. Motivation is hard to come by when it comes to saving especially if you are just starting out. While managing and saving your money may not be easy, taking time out to learn effective money management system will put you in control of your finance. Saving money can help you to pay down debt or pay off a mortgage and set you on the part to financial independence.

One of the most important steps you can take right now is to put your budget in other. Setting a budget can help you to live within your means and keep you away from impulsive spending.

Here is what a good budgeting can do for you:

• It gives you control over your spending
• It helps to you to organize your savings and spending
• It keeps you focus
• It makes you aware where your money is going
• It enables you to save for raining days and to avoid unexpected costs

How you spend and manage your money can have a profound impact on your life. Learning how to save and manage your money should be an integral part of your life. You don’t have to be an accounting guru to start nor does it require a lot of paperwork.

Here are 4 steps you can take right now to start saving and managing your money:

Do not spend more than you earn

This sounds like a simple concept but in reality, it is hard to implement. But the good news is that with a few change to your lifestyle you can easily put it into practice. So the first thing you need to do is to analyze your spending habit. You need to track how you spend money. With the help of a simple financial tool like Quicken, you can track all your spending and manage your money more effectively. You can search online for more money management tools that can help you to track and plan your spending. The more you do this the easier it becomes.

Cut back on some of your expenses

You should look for ways to cut your expenses so that you can have more money to save. There are lots of ways to chop down on your spending without much hassle. You can cut on energy and car gas by just being more energy efficient or adopting a good driving habit. There are tons of things you can do to save more on energy, so look for an easy-to-implement system that works for you.

Build an emergency fund

You need an emergency fund to help you prepare for unexpected expenses. If you don’t have an emergency fund and you are hit by unseen events such as job loss, major illness, dental expenses, car repair and home repair etc. you’ll be forced to rely on a credit card, take out a loan or even worse tap into your retirement account. This could leave you in debt and less money for your retirement. The true importance of emergency fund is that it can save you when disaster struck.

Make your money work for you

Finally, make your money earn more money. While there are no simple ways to do this, there are many ways to put your money to work. Here is what you can do to make your money earn more: open a high-yield savings account, invest your money in the stock market, create a passive income, store your money in a retirement account, become a partner in a new business.
These are simple ways to start saving and managing your money. When you form a saving habit, you’ll be inspired to save more and hit your financial goal faster.

3 Mistakes Most Investors Make

Gather, don’t scatter.

Over the years investors have been convinced that proper investing meant taking their money and spreading it out amongst several investment professionals. Over time, many investors accumulate, on average, four advisors and several accounts. From his 401(k), Roth IRA, Traditional IRA, brokerage and mutual fund accounts, to her 401(k), Traditional IRA, trust and saving accounts, a family can accumulate several accounts with several financial institutions.

This scattering of assets leads to a false sense of “diversification” by “not putting all of your eggs in one basket.” Trouble is, this strategy really hurts most investors.

Many investors have unknowingly scattered their assets, resulting in no one person managing or fully understanding their entire situation, goals or dreams. Without comprehensive planning, there actually is no plan at all.

1. Improper Asset Allocation

Most investors have their assets dispersed with several advisors and several financial firms. No single advisor knows what the other is doing resulting in an uncoordinated portfolio. One advisor in firm A might be selling the very asset that an advisor in firm B is buying. Unless there is one coach reviewing the entire portfolio, then your money is not coordinated.

Your asset allocation should always reflect your current position in life, your current goals, future, feelings and family characteristics. When your hard earned money is scattered to other advisors and institutions, you alone are left to properly manage your portfolio. Many individuals are not trained to monitor this correctly and consistently. Unfortunately, the overall plan suffers.

2. Improper Correlation Within Investments, Managers and Funds

Without saying, each investment needs to be excellent on its own. The investment, manager, or mutual fund needs to have a strong track record (I like a ten-year record). You might be able to select quality investments. That’s not the problem. Where the breakdown occurs is knowing how these investments interrelate. This is nearly impossible to track when one advisor is doing one thing, and a different advisor is doing just the opposite.

Let’s think about a recipe analogy. You might have the best ingredients to make your favorite dish. You might even have quality chefs at your beck and call, ready to make this dish for you. If you put all of these chefs in the same kitchen, but don’t let them know what the other is doing, a culinary disaster awaits. You can see that the likelihood of your dish coming out correctly is very low, no matter how good the ingredients were. Same is true with your investment portfolio.

3. Failure to Monitor the Consolidated Portfolio

You know life is not static. Life is constantly changing. Whether it’s your job, children, the economy, world events, new laws, unplanned expenses (and the list goes on and on), your world constantly moves. Your entire portfolio needs to be dynamic as well. When market forces move, the properly managed portfolio needs to move with it. I am not talking about day-trading, but rebalancing when and where appropriate. Additionally, your goals, future, feelings and family characteristics are changing as well. Every day is either a day closer to your goals, or not.

Having your assets scattered makes it nearly impossible to properly monitor your portfolio based on your changing life. With the technology and tools available, along with the new “open architecture” available at full service financial institutions, you are better off hiring one advisor to help you monitor your portfolio. This trusted advisor will coordinate all of your “eggs” and not put them in the same “basket.” He/she can manage your diversified portfolio to meet your goals, future, feelings and family characteristics and make sure your entire portfolio works in unison to make your dreams come true.

In conclusion, years ago, many firms were limited to the solutions they could individually bring to the client. Many had their own proprietary funds or investments, which may or may not have been in your best interest. Today, full service firms have an “open architecture” and are able to go out into the market place and bring any solution to you that is appropriate. For your strong consideration, only hire an advisor who can go anywhere in the marketplace without limitation!

Things You Must Know About Financial Services

Financial services refer to the services provided by the finance industry. Also, this term is used to describe organizations dealing with the management of money, like credit card companies, insurance firms, investment banks, stock brokerages, and banks. These are the types of firms that compromise the market, providing a wide range of investment and money-related services. In terms of earnings, financial services are considered the largest market resource in the world.

Important Things You Must Be Aware Of

Generally, these services are not limited to the field of deposit-withdrawal, investment, and loan services; but rather in the fields of estate, securities, insurance, trust services, and all forms of financial intermediation like the distribution of financial products as well.

Every day, the needs and expectations of consumers are growing. Hence, making the mark in boosting personal wealth becomes a necessity. Intense competition has cuddled market margins as well as forced plenty of companies to cut costs whilst improving the quality of customer choice and service.

As most organizations are striving to be more entrepreneurial and innovative, the war for talent is escalating. And as the products become more complex and the business environment more uncertain, the risks increase. At the same time, rules and regulation are the tightening highlight within the reach of government and public pressure for improved transparency, supremacy, and accountability.

Today, the winners are those firms transforming the challenges into opportunities to establish more enduring and stronger customer relationships, unlock creativity and talent, and to sharpen their process efficiency. Apart from that, these companies also view these challenges as a means to boost their risk management processes so they can deliver more sustainable returns. Furthermore, they use used regulatory demands as a catalyst for improving market confidence and strengthening the business.

The challenges in the financial services market are indeed forcing the participants to keep pace with technological advances, as well as to be more efficient and proactive whilst reducing risks and costs.

Today, there are already a lot of companies working hand in hand with reputable financial organizations around the world to develop a very sound networking strategy for connecting firms with suppliers, employees, partners, and customers.

Indeed, the financial services market is dynamic and diverse. There are plenty of important things you must be aware of to better understand how such industry operates. It is certainly an ever-changing, high-growth, and versatile market. Businesses with various needs must know that such market offers several selections of suitable financial services.

5 Questions You Should Ask Your Financial Advisor

Managing your wealth, no matter how big or small, is a cumbersome task. Your financial advisor helps to keep your money safe while making it work for you. Before you start working with someone, ask them these important questions.

What Certifications Do You Have?

You need to know what licenses and certification your financial advisor has. Most of the top consultants are certified public accountants, fund specialists, consultants, or analysts. Some even carry a Juris doctorate and insurance licenses. While everyone has to start somewhere, you want to work with a firm that has extensive experience in the field.

What Safeguards Are in Place to Protect Assets from Fraud?

Your assets need to be protected by a reputable custodian. When you ask about safeguards, you should also ask about any infractions he or she has received in the past both with the firm and as an individual. To provide you with the best service, your financial advisor should be a fiduciary.

Consultants with a strict code of ethics have standards that they share with their clients. However, no matter their standards, they should be in compliance with Financial Industry Regulatory Authority, state and regulatory agencies, and the Security’s and Exchange Commission.

What Are Your Fees?

When it comes to fees, your counselor should be 100 percent transparent. He or she needs to explain his or her exact fee structure, so you understand how you are paying. Some are fee-only, meaning they provide a flat rate for services rendered.

Some investment consultants charge a commission fee. That means they make money off each product you purchase to help your investments grow. It is important to know which one you are working with, or if you are with someone who charges a fee in addition to earning commissions.

What Access Do You Have to Earning Reports?

As your financial advisor, he or she should have direct access to the top holdings of where your investments are. He or she needs to be able to tell you immediately what the earnings report is anytime you call.

At the very least, he or she should be able to educate you on your holdings before any investment of assets. By educating you on available options and what assets are invested, you can better understand what the consultant suggests.

How Often Do You Communicate

When it comes to letting you know how your money is doing, the counselor should be open to communication. He or she should send out weekly announcements about the market. Also, you must be informed of trade notifications immediately and receive an explanation on every buy and sell option. Most firms also send out information about their monthly investment outlook as well as a quarterly outlook. Brokers also offer to keep their customers informed with educational information and fact sheets.

Ask the tough questions of a financial advisor before asking him or her to manage your funds. It helps you to weed out the inexperienced and shady consultants before losing any money.

Exchanging Money

While money is the most important commodity for life it is also the most disastrous. To live without it is impossible in a world where essential services and the things on which life depends has a cost to it. Even water is not free and if man had his way we would pay for the air we breathe, and in many ways we already do. Pollution, environmental destruction, loss of species, and dwindling resources are a cost that none of us can afford. Our planet is dying and we are in crisis.

That is the real exchange for money and while most may not realise it the benefits derived from it are nothing but disastrous. We have yet to face the greatest disaster of all and that is the last days of life on earth.

There are no warning bells and no place to jump off the earth to escape because we are exchanging money for life. That is the way it was when it was invented and to understand that the Spirit took me back to Babylon and the start of formal religion, Islam.

The name of it then was also Zoro-Aster or Morning Star and a vision showed me how it came about. The rising sun’s rays were directed through a small hole in a stone to disperse into the rings of great beauty and perpetual motion. The people fell to their knees in ‘awe’, which is the same term as ‘or’ for ‘sun’ and ‘metal’, the most precious of which is gold.

The human mind is capable of the wildest dreams and the result of the sun-star and its effect on the population was so strong that it has never altered. In the center of the vision the right-angled cross is seen and this gave men the idea that by dying on it the rays of light could be ridden upwards into heaven. It was considered that men would then become mates to it and live forever in the home of the stars.

In other words they could ‘marry’ Mary, the name of the sun-star and it means ‘mother’s powerful eye’. The one on the cross was the ‘man in the eye’ or ‘mon-eye’ from whence came the term ‘money’. He was the exchange and the currency by which he traded his life for which he became a ‘god’, which is the origin of ‘good’ and ‘goods’.

Money is the product of a dream and the evil of notions that men can become Father Gods. It was born of evil and is the cause of God’s retribution and the destruction of the coming destruction of the earth.

The second beast, Constantine, put money as the center of the World Order. He also established the Catholic Church, the first Christian religion in 325. My reincarnation proves that the pillars of that religion, heaven and hell, do not exist and so the credibility of his work is based on dreams and lies.

5 Things to Consider While Selecting a Financial Planner

Unlike someone calling himself a CPA or a physician, just about anyone can call himself a “financial planner” or a “financial advisor” regardless of their educational background and professional experience. Moreover, not all of them are unbiased in their advice and not all of them always act in their clients’ best interests.

To ensure your financial planner is well-qualified in personal finances and impartial in his advice, consider the following five things:

1. Planning Credentials: Having a highly-regarded credential in financial planning, such as Certified Financial Planner (CFP) or Personal Financial Specialist (PFS), confirms that the professional you intend to work with has acquired the education and experience necessary to serve as a financial planner. CFP and PFS credentials are awarded to only those individuals who have met the certification requirements of education and experience in planning for personal finances. In addition, they have to pass the certification examinations and agree adhere to the practice standards and continuing education requirements.

2. Subject Matter Expertise: Financial planners are planning professionals, not necessarily subject matter experts. For example, a financial planner will be skilled in tax analysis and planning,but unlike a Certified Public Account (CPA) or an IRS Enrolled Agent (EA) he might not necessarily be a subject matter expert when it comes to tax rules Similarly,a he could be skilled in chalking out an investment plan, but unlike a Chartered Financial Analyst (CFA) he may not be an authority in the subject of investments. Work with a financial planner who is also a subject matter expert in those areas of personal finance that are important in achieving your financial goals.

3. Client Specialization: Not all financial planners serve all types of clients. Most specialize in serving only certain types of clients with specific profiles. For example, a personal planner may build his expertise and customize his services to serve only those individuals and families who are in certain professions, or a particular stage of life with specific financial goals and net worth. Ask whether the planner specializes in serving only certain types of clients with specific profiles to determine whether he is the right fit for your situation and financial goals.

4. Fee structure: The fee structure largely determines whose interests he serves best – his client’s or his own. A Fee-Only professional charges only fees for their advice whereas a Fee-Based professional not only charges fees but also earns commissions, referral fees and other financial incentives on the products and solutions they recommend for you. Consequently, the advice from a fee-only one is more likely to be unbiased and in your best interests than the advice from a fee-based financial planner. Work with a professional whose fee structure is conflict-free and aligned to benefit you.

5. Availability: He or she should be regularly available, attentive, and accessible to you. Ask the planner how many clients he currently serves and the maximum number of clients he is planning to serve in the future regularly. This clients-to-planner ratio is one of the key factors in assessing your planner’s availability to you in the future. Also, ask which planning activities are typically performed by the planner and which ones are delegated to a para planner or other junior staff members. Lastly, make sure the planner is easily accessible via phone and email during normal business hours.

Once you have shortlisted a few well-qualified and unbiased financial planners in your local area, consult the ones who offer a FREE initial consultation first. During the initial consultation, assess the planner’s availability and any other professional attributes you are seeking in your financial planner.

Money and Power

If anyone wants to know why money was invented they need to look at the power that it generates. Politically it is the mainstay of governments while religiously it has grown gods and made their organisations indispensable. So where does it fit into the scheme of human behaviour and why is it at the root of the World Order? One could may assume that something other than an invented commodity would fit that role so why doesn’t it?

When humans took to a sedentary life and gave up wandering the forests and taking their food from the land, as God originally intended, they had time to think about other things. In the depositions of their living areas archaeologist have uncovered tales of their development from what might be termed primitive living to the more sophisticated trade deals and exchange of goods.

Other things crop up as well and chief among them is the religious side of life and the sacred sites where they imprinted their feelings and beliefs on items in art form. Over time the images became ever more lifelike and their meanings clearer. It was there where my research discovered the power.

It came first in the form of an exchange between humanity and the Sun-God. This unmistakable giving of life for prosperity permeates the ancient world and mysterious sites, like Stonehenge in England, or the temples of the Maya in Mexico. They stand as fortresses of power holding a code within that is only now interpretable.

My reincarnation and evidence that there is no heaven or hell is behind my ability to look at these sites from a different perspective and without the religious bias to better understand their meaning. It is a fact that the ancients were desperate to communicate with the sun and they worked out ways to do that. One way was to send a man up riding the cross as a kite to mate with the Mother God. This is shown in rock art in Nordic regions, such as Ostergotland (star of god’s land).

Dispersed light creates rings of seven colours, the same as the rainbow, and the number for ‘her’ is ‘seven’. The man is number 8 and multiplied together 7×8 is 56, the number of holes in the outer circle of Stonehenge. Both these numbers are linked to ancient beliefs that carry over into modern religious practices.

There are 7 candles on the altar of Christian churches, and 7 lights in the normal Jewish menorah, and so on. There are also 7 days of the week and 3×7 is 21, another mystical number. The 3 represents the ancient trinity of Mother God, sun and light.

Stonehenge displays the practice of exchanging god-men on crosses for fertility of the earth. The core of the site is the horse-shoe shape enclosed by the trilithons, made of 2 upright stones with a cap supporting them are the top. The ‘horse’ features prominently in ancient rituals and the white horse was etched out of the underlying chalk in several places in both Britain and Europe.

In time the use of circles as a symbol of exchange gave rise to the coins that were imprinted with the king’s head because he was supposedly the one married to the sun. The magic of handing over his image in exchange for goods took hold and gave rise to the monetary system. It was enhanced by Constantine, who established the Catholic Church in the year 325. He is also the one who organised the system of commerce that is still in play.

The circle with cross symbol is found in and around many sites on every inhabited continent and the first coins were of the same symbol. Later the king’s head was put inside the circle to suggest he is the thing that is the metaphor of the exchange. It provided extra power to the money, while that term comes from ‘moni’ or ‘man in the eye.’

The Future of Financial Services

The ease of making financial transactions and financial services in general, had first been revolutionised when telegraph companies introduced wire transfers. But with the coming of new age financial services like Bitcoin and Ripple, it is the time we address the question of what the future holds for the financial services of the world.

Traditional Wire Transfers

Let us begin by first taking a look at how things have been going on for these past 150 years since wire transfers were first introduced. Transferring funds using a wire transfer method via a bank is not a single step process but a multi-step process. It is like this:

    • The sender approaches his or her bank and orders the transfer of funds to an account. Unique codes like BIC and IBAN codes are provided to the bank by the sender so that the bank knows exactly where the funds need to be transferred.
    • The sender’s bank contacts the receiver’s bank by sending a message through a security system, such as Fedwire or SWIFT, signalling it that a transfer needs to be made. The receiver’s bank receives this message, which includes settlement instructions as well, and then asks the sender’s bank to transfer the amount specified in the message.
    • The sender’s bank now transfers the amount. This is not done in one go but bit by bit, so it can take anywhere from a few hours to a couple of days for the entire sum to be transferred.
  • To make the transfer, the two banks must have a reciprocal account with one another. If that is not the case, the transfer is made through a correspondent bank that holds such an account.

As one can see, this form of transfer relies overly on a mediator, takes more time than it should, and can prove to be costly as the banks charge some fee for their service. Distributed currencies like Bitcoin provide a viable alternative to this process.

Stop Bad Financial Habits And Choose A Fresh Start

People are often influenced to give unsolicited advice to others about the easiest way to manage finances. Even though of the will make sense, the majority of these are very generic in general. You must exercise caution when you assemble a monetary strategy out from this information, though it’s important to create a precise and consistent plan.

Nevertheless, you happen to be still left together with the unanswered question. How would you prevent the decline of funds on stuff that are of no use, and yet approach managing your individual finances?

The Situation: A lot of people, including you, don’t fully understand how important it is to save cash with regard to their future. Figure out how to save first then spend, not the other way around. While this is superior to no savings in any way, it is definitely not the correct way to build an excellent savings plan.

Steps To Managing Your Individual Finances Well.

Listed here are some important tips that you can consider if you wish to reduce costs for the future. These techniques have helped a lot of people be successful at taking better proper care of their finances.

Put 20% Of The Earnings Into Savings

In case you are to be successful in the foreseeable future, carry out the opposite of just what the average person does. As opposed to saving whatever remains, save first and spend afterward. Even if you are expecting a reduced check than normal, be sure to save 20% out from each and every single check that you receive. Make sure to deposit this money once you receive money. You will have learned a vital lesson, and saving the amount of money than enables you to work your way down taking good care of everything, bills first.

Saving money assists you to create a healthy financial habit that will help you to budget your money efficiently for the rest of your way of life. You could possibly feel much less stressed about finances when you know that you have an urgent situation fund available.

Don’t Complicate Matters

It is obvious the iPhone 7 is great. Your buddies and colleagues have purchased it,but the iPhone 6 plus is one that you simply bought a few time ago. While many of these new gadgets are fun and exciting to have, you undoubtedly don’t need a new phone unless your old phone is dying. You must never buy it unless you really want an iPhone 7.

Can that new phone do something that your particular old model can’t do? It is essential to sometimes treat yourself with luxuries, just make sure this really is something great rather than some of those undesirable habits one does repeatedly. Additional money is the best money to pay, not the 20% you will be saving.

Cash Over Credit

Maybe you are from the opinion the charge cards in your wallet should be used, not hidden away. Often we start off with good intentions buying only small things likely to pay them off at the conclusion of every month. $50 here or $25 there can’t hurt, and you can always pay it off following the month. That brand of thinking gets people in trouble quickly, plus they rack up a pile of debt.

Financial Planning Service Companies – Why Select the Best?

The world without any considerable doubt can be easily considered as one big market. Trade and business are the only two things that keep the world running. Yes, there are inventions and discoveries as well, but they are also traded to get through with an ample amount of profit.

People can easily come around with one or the other form of business. Either they own it or work for it. Each of these businesses thus has their financial statements and records. Without these, the business may well disappear.

There are many forms of finances that a person might practically have to deal with. There are the mutual fund investments. There are the hedge funds and many more. There are many best financial services companies that are present nowadays that help people.

These financial services companies ensure of the very fact that people do get the best results from the business that they are in. There are various advantages that people may enjoy if they hire the financial service companies.

Financial planning:
Before moving further on the topic, people should understand that what exactly is the financial planning? This is something that can help people in a long course of time and thus help in managing the finances the best.

Why Recruit the Financial Service Companies?
There are many reasons why a person should think of hiring these services. Financial services can be well considered as one of the very important services, and the following are the various advantages that the companies providing them can guarantee:

• Consulting: Yes! The financial consultancy services are one of those most important things that are necessary before any decision to invest. Consulting helps in various things. People can ensure that they are getting through with the most important knowledge of finance and these companies do provide with that.
• Taking Care: the main aim is to take care of each and every financial gains and loss in the company. Evaluating them and taking the necessary actions. These can be done by the professionals only, and this is the only reason why people should ensure that they do have one of these financial companies to aid them.

Apart from these two important advantages that people can come around with they should also ensure that there will be much more advantages if people select the best ones for themselves. Only the very top financial services companies can ensure of the fact that the best services will be provided.

The following are the best advantages of recruiting the top notch services:
Free Services: The top financial service companies believe in the very fact that the people can only get the very best of the results if they do have a hope in the fact that their services by no means are frauds. This is the exact reason why they provide the people with the various free financial planning services.

Varied Services: This is again one of the major advantages of the top notch companies. The very first thing is that each and every company that is top notch is there because of the excellent knowledge that they do possess. They believe in the fact that the various services that they will provide ill attract the customer’s attention. They have knowledge about various things like portfolio management.

Creation of The Portfolio: This is something that cannot be achieved excellently just by any company. Only the top notch ones will work the best to provide with absolutely marvellous results on the portfolio. They will change as well as customize them according to the customers. Also, they will help in managing them.