5 Great Habits of A Smart Retiree

What could be the best thing that could happen to a retiree? A handful of savings, spouse and grand kids around, a healthy body and of course, a financially stable lifestyle. That’s it! If you’re a smart individual, you would be thinking about your retirement from an early age. But if you’re not, don’t worry because today we are going to discuss some of the best habits of smart retirees that you can also adopt in your life. Read on… and learn more about them. 1. Smart Retirees are Great Planners First and foremost, smart retirees are absolutely great planners....

World’s Best Financial Advisors You Should Listen To

One of the biggest reasons why most people suffer with unstable financial life is – they listen to wrong financial advisors. The fact is – the economy is so unpredictable that it is impossible for any ordinary financial advisor to predict how it would be 3 years down the line. Yet, a lot of people believe their advice and get into trouble. Having said that, not all financial advisors suck; some are really great. Anyway, today, we’re going to speak about some of the world’s best financial advisors that you can/should listen to. These advisors are incredible in the way...

6 Ways Household Women Can Make Money from Home

Household women, in spite of being extremely talented, often don’t earn any money from their skills. However, thanks to the advent of Internet, the task of taking projects and delivering the work has become significantly easy. These days, even if a woman is not skillful, she can earn a good living – all from her home. There are so many opportunities for women (and even men) out there, that it is difficult to believe. However, the key here is to focus on your strengths and go for only the most-genuine and helpful ways. Let’s now cut to the chase and...

How to Make Profits from Soaring Oil Prices

Oil prices have been soaring for the past few years. While it is hurting people’s pockets real bad, there are few smart chaps who’re benefiting from it. If you’re also feeling the heat on your wallets and instead want to make money from it, this blog post shall be helpful to you. Buy Oil Futures Some people trade crude oil and futures in the commodity market. However, although the market is really huge, not a lot of people really do it. Why? Well, most people don’t know about oil futures contract. The purchase contract basically tells that you can buy...

Understanding R&D Tax Credits

R&D Tax Credits refer to forms of Research and Development Relief, which is covered as part of Corporation Tax bills. Companies who are involved in forms of research and development with positive social outcomes can receive cuts in their Corporation Tax, or a tax credit paid in the form of cash. Qualifying for these credits involves both being a Corporation Tax payer, and being eligible as either a Small or Medium Sized Enterprise, or a Large Company. Differences between the two will affect the tax relief available, and how it can be declared and managed in relation to broader research...

5 Deadly Sins to Avoid While Using Credit Card

In an economy where there is no guarantee of a job, it is up to you to be debt free and enjoy financial freedom. Credit cards are dangerous if you don’t know how to use it. Credit cards have made people go bankrupt. They have made people lose their homes, properties and what not. Why? Only because CC users were not aware of the mistakes, I call them sins, as they needed to be avoided at any cost. Today, you’ll learn some of the most dangerous mistakes that you must be away from. Read on… 1. Having Too Many Credit...

How to Find Unclaimed Assets and Make Money from Them?

Want to make big chunk of money without having to do data entry or any other tiresome job? The process is simple. It only requires you to utilize available resources to find unclaimed assets or money lying in your name in federal agencies in your state. According to the facts and figures related to unclaimed assets and properties in the United States, 7 citizens out of every 10 have some or the other type of unclaimed asset in their name, in different states. These unclaimed assets are in the form of bank accounts that are inactive, insurance policies, houses, tax...

Why You Should Invest in Energy Saving Products

The market is currently filled with energy saving products that make it easier for you to save power and use renewable energy sources. There is a wide range of products which can help you save money on your electricity bill. In this article we will present several of these products. The first on this list is the solar charger. The solar charger is a device that makes use of the sun’s energy to charge the electrical devices that are present in your house, without the need for DIY solar panels. You can charge many electrical devices like digital cameras, PDAs...

How Do Tax Levy and Tax Lien Differ from Each Other?

Have you ever been a tax defaulter? Did you ever have to face Internal Revenue Service (IRS) because of tax debts? If you haven’t been in a situation like that, consider yourself lucky. However if you’ve not faced such situations earlier, there are few terms related to tax debts implied by the IRS that you should be aware of. This will help you protect your property from getting seized against the owed taxes. Tax Lien and Tax Levy are the two terms that you need to know about. Tax Lien Tax Lien is an IRS claim against the property and...

5 Quick Guidelines You Need to Know to Qualify for Cash Loans Unemployed

Pertaining to the current global economic scenario, the job seekers around the world are crowding the employment market from one side, and from the other the market is pushed further by the people who lose their job because of downsizing. As a result, people like you and me are forced to look for other options; options that help us pay our everyday bills, options that allow us some good time with our family without worrying of the living expenses. One such option I’ve come across is Cash Loans Unemployed. It is something that could ease our tension, at least for...

Get Out of Debt with Debt Snowflaking: A Snowflake Saved is a Snowflake Earned

Just as it takes many small snowflakes to create a snowball, it takes many pennies to pay off thousands of pounds in debt. Snowballing debt is a debt reduction plan where you commit to paying a certain amount every month until you are debt-free. You don’t reduce your monthly payments as your debt decreases. This way those monthly payments take on a snowball effect. As your balance decreases so does your monthly interest charges. Your monthly payment then increasingly goes towards your principal balances. Much like a snowball that gets bigger and picks up momentum as it rolls downhill, your...

A Quick Guide for Improving Credit Card Score Forever

The world has changed. And so has the way of using your credit card. Whatever you do, your credit card score is the thing that is first checked. Your borrowing history is analyzed and what not. A bad credit score is a provider of much stress, tension and despair, especially for shoppers. But like all things good and bad, the reign of a bad credit will end. And there are ways you can axe it and start depending on your credit card again. • Without knowing what aspects of your credit card you need to fix, you cannot improve your...

How to Avoid Having a Home Loan Declined

Getting all the information together for a mortgage can be gruelling, especially when a mortgage lender tells you that their lending institution is unable to approve your property loan. This can leave you devastated and filled with disappointment. It’s natural to wonder why you were denied a loan. Lending institutions have stricter standards in place today making it difficult for consumers to obtain a mortgage. It’s important to do your research and educate yourself about how the lending process works so that you can look your best to prospective lenders. Here are five examples of why a bank may be...

6 Things You Can Do Post-Retirement to Make Money

Almost all of us start saving money when we start earning so that we can accumulate a handsome amount and use it to live our post retirement life in a lavish manner. If you are a government worker, you will have an automated monthly pension. But, if you do not want to be all idle in your retirement years then you can generate income in a way which is not hectic, is enjoyable and can complement your savings. As a freelancer, you have a treasure chest full of opportunities. We’ll look at six of those. 1. Be a Freelance Consultant...

Why The Snowball Method Is Flawed – And How You Can Motivate Yourself Instead

As you might have heard, there are numerous advocates these days of the “debt snowball” method. This method entails paying of your various debts in order from smallest from largest. Here’s how it works: when you sit down to pay your bills, you lay out all your obligations from smallest to largest. Then, you pay the minimum balances on the larger debts while contributing as much as you can to the smallest balances. Once the smallest ones have been repaid in full you move on to the larger ones, in the process “snowballing” your debt by gradually tackling more substantial...

How to Get Rid of Your Student Loan

Student loans can bug you for a long time. You would take a student loan for getting an admission into a top university or a business school. But these educational institutions are expensive and paying off your loan debt can be a headache. And it so happens that after you complete your course and start working you wouldn’t be in a position to clear the loan debt. This is when more pressure is piled upon by the loan authorities. But there are ways of getting rid of your student loan. 1. Paying the loan amount on time is the simplest...

All About Credit Ratings

Credit ratings are probably the most misunderstood of all financial products (excluding, perhaps, the recent debacle with PPI). Most people assume that there’s some sort of score next to your name somewhere out there in the world of financial institutions, but it’s not strictly true. There are ways of finding out your credit rating, but it’s not all you need to consider when applying to borrow money. That said your credit rating probably is the most important factor to whether you get a loan, or a mortgage, or a credit card approved, which prompts the immediate question: But how do...

More Taxes for the Rich is Not the Right Answer

If four years of unfulfilled promises, inactive initiatives and the NDAA proposal weren’t enough, Mr. Barack Obama, our American Republic’s proudly chosen President/Orator has brought in more controversy this year. And yet he is confident enough of winning the coming elections and be re-elected as President. Well, if the American public hasn’t learned anything from the Bush Administration, he surely will. An estimated 45 million viewers in America were expected to tune into President Obama’s budget proposal for the year 2013. And this included the buzzing controversy that is around, he has proposed an inclusion of a new tax law,...

How to Make Your Income Recession Proof in 2012

When recession hits, it takes everything down with it – pass time, money, work, and morale. Money isn’t everything, yes, but money does mean more than something, it acts as a catalyst to everything that you do around you. If you haven’t the money in your pocket, you can’t even start a bee business, yield honey and stock it. And in times of recession, the first thing you want to do is to pile up as much money as possible, to receive an amount of income that will keep you away from the heat of inflation and fulfill at least...

Housing is as Cheap as Ever; Landing the Best Mortgage Rates

If you’re looking forward to buy a home but cannot arrange the total payment for one time purchase, then going for a mortgage is the right choice. A mortgage, popularly known as home loan, is a popular option in the United States and elsewhere. And the option of mortgage is becoming more and more popular yet tedious to use because of the home market which has gone for a slump. Banks are unwilling when asked for a mortgage loan. They do not want to risk money on mortgages and are utterly defiant. To solve this mortgage crisis, you need to...

A Simple Method For Determining How Much Money You Need At Retirement

If you don’t save money for your retirement, you could end up helpless and dependent on other people in your old age. Fortunately, there is a simple way to figure out how much money you need to save for retirement that does not require a lot of complex formulas or assumptions on your part. First, add up all of your current expenses and financial liabilities. Next, add up all of your future expected liabilities. For example, if you expect to take care of your spouse in her old age, then you would need to adjust your liabilities to assume that...

How to Make Money Work for You like Robert Kiyosaki

Robert Kiyosaki is an American businessman most famous for his bestselling book – Rich Dad, Poor Dad. In addition to this global bestseller, Robert Kiyosaki has authored over a dozen books. These books talk about taxes, how to invest in real estate, small and big businesses and other money related topics. But Rich Dad, Poor Dad has been his most influential and bestselling book and this book is the catalyst behind his immense fame. “We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard...

What to do Wednesday in Personal Finance? Is the Adjustable Rate Mortgage becoming extinct?

I was reading an article last week that made the motion that adjustable rate mortgages (ARM) are dying.  For starters, adjustable rate mortgages are loans where the interest rate changes periodically.  Generally they are a good option when you are buying a house and the prevailing fixed rate mortgages rates are high. This notion did not surprise me because interest rates are at historic lows for fixed rate mortgages.  You would be silly not to lock in a mortgage at these rates now, the interest rates are likely not going to get any lower than they are in your life...

How to Reassess Your Financial Planning to Ensure Safe Post-Retirement Life

I’m getting excited for Spring to get here and start enjoying the outdoors in beautiful Colorado. But Summer days aren’t about not having school anymore. I have been thinking and preparing my retirement a lot lately and I need to keep focused on creating income generating assets. I hope you find my research as useful as it is to me. Have you planned your retirement? Have you tried to assess your financial condition relating to your retirement? Do you have in your mind that retirement planning is to be done even when your retirement age or are at the borderline...

Part 1 of the Retirement Roundtable: What is a 401k, and why is it all over this material HR gave me?

We just graduated college and just got our first real job.  Great! Congratulations! Now what?  As we make our way through our first few weeks on the new job we are bombarded with emails, packets of information on everything under the sun from employee discounts to the dreaded RETIREMENT word, eeek.  Well you stumbled across the right website to point you in the right direction.  I will have you sipping those dirty martinis out at the beach house enjoying the afternoon rays. You are set up at your desk and looking around at the mountain of paperwork that HR has...