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...

How to Forecast Profitable Stock Options

Before investing in the stock market you need to be well versed with two aspects of the market; how it works and how you can make it work for you. Understanding the stock market is necessary. Before you invest in any company, you must look at its current success and speculate its future growth and success. One must learn how to forecast profitable stock options and invest in them. In order to have a fool proof strategy, information about stock option trading is necessary. There is a lot that you can do with the stock options at your disposal. It...

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...

7 Proven Productivity Tips for Every Aspiring Entrepreneur

An Entrepreneur – we all have associated this word with ourselves if we try to create our own path to success. But what defines an Entrepreneur? And what is the meaning of ‘definition?’ A definition is given by bringing together the qualities of that particular word. In the case of an entrepreneur, there are unique qualities which are brought together and form the word. If you lack any of these qualities, then you dissolve the word Entrepreneur and over time you are tagged as a wantrepreneur – someone who wanted or wants to be an Entrepreneur but never can or...

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,...

Identifying Promising Land for Future Establishments

Business is not a one man show. Business is exchange of commodities for money. Business is vast and has a lot of opportunities. And for turning these opportunities into profits, one need to find a place that will be most useful to the business, from transport to customer inflow. The mistake new businesses usually commit is that they establish their businesses in locations which are not suitable for their kind of business. Selecting a land which does not provide proper water, electricity, and transport facilities, which is surrounded by a public which does not appreciate that particular type of business,...

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...

Everything you need to know about Cyprus tax system

Cyprus, by virtue of its exceptionally advantageous tax system, is emerging as the most favoured jurisdiction in Europe to conduct international business from. There is a uniform Corporation Tax Rate at 10%, which is the lowest in European Union and there is no distinction anymore between local and international companies. The maximum tax rate for resident individuals is 35%. The old, complex tax regime was replaced by a new system that eliminates discrimination and differential treatment between different categories of business and is simple and transparent. In addition the increase in the rate of VAT to 15% (still the lowest...

6 (Multi-Billion Dollar) Business Building Lessons I Learnt from Steve Jobs

Steve Jobs, even though he isn’t with us anymore, has left a mark in this world, especially on those who want to go against the public flow, against the daily dose of orders, against the boring and monotonous work related ideas. The ideals of Steve Jobs have been the cornerstone for many aspiring Entrepreneurs. He has always been a voice of the creative minded. Everything he did, he gave utmost importance to style. Be it his products, graphics, fonts or his way of organizing things, he did it all with style. His thinking is that while giving preference to matter,...

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...

How to Exchange Currencies at The Best Rates for Your Business

In this guest post I’d like to share some tips to help your maximize your exchange rate, when you change currencies for your business. If you’ve spent any time at all watching the exchange rates, you’ll already know that predicting the rates is not that different to gambling. There are so many countless factors influencing the markets at any one time, guessing right which way things are going to go is as much about luck as skill. For instance, right now things affecting the US dollar are as diverse as: the Republican presidential nomination, improving US auto-sales, the likelihood that...

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...

The Wall Street’s List for Investing Money in 2012

The Wall Street releases a list every year to guide investors to invest in companies which have the highest possibilities of turning your investments into more valuable assets. For this it sets up a panel of expert strategists who give their take on the market. This list is a quick guidance for the companies you should invest in. And hence, this year’s Wall Street list is as follows – List of the Names of Strategists on the Panel • Richard Bernstein – CEO and Chief Investment Officer, Richard Bernstein Advisors • Dan Chung – CEO and Chief Investment Officer, Fred...

Grabbing funds during Market Meltdowns: Some magical tips

The unpredictable nature of markets can perplex even the smartest of brains, doubting the basic ethics which are significant to its functioning. Just when you get accustomed and attuned to the happenings around, there is an abrupt u-turn countering your judgment. Making hay when the sun shines seems to be the best policy, but what actually seems obligatory is making hay even when the sun does not shine. You live in a practical world where you are uncertain of the next moment’s state of affairs. But that does not mean that you refrain from the zeal to place your ambition...

Don’t Play the Lotto; Play the Game of Money

Lotto. Yes, Lotto. It is something that you love to take a shot at. But the Lotto is like a Leprechaun. Even if you finally win a lottery, you’ll probably lose all the money, in the coming years. The lottery is risky and the chances of you winning are so less that even being struck by lightning is more of a probability. Everyone starts with the small lotteries. They go for $1 lottery or $3 lottery, and soon they feel that they must go for the bigger ones. That is when the ‘Win it all or Lose it all’ is...

The Difference Between a Businessman and a Super Businessman

The difference between a Businessman and a Super Businessman is the same as the difference between a snail and a rabbit. While businessmen are slow, super businessmen are fast. A businessman is like a wantrepreneur, he has ideas in his head but he lacks the in-depth vision and often fails to execute them. Whereas, a super businessman is like a true entrepreneur, he broadens his scope, researches and creates his own path of success without waiting in hope for customers and partnerships. A super businessman has more than just money on his mind; he strives to add the star of...

How to Make Your Child Understand the Importance of Savings

Every parent has a hard time in trying to make their kids learn the value of money. Kids, not knowing of the troubles and consequences of reckless money, often throw temper tantrums if you do not buy them what they want. This develops more negative behaviors like anger, agitation, revolting, misbehaving, intolerance etc. in them. Hence, it is important to make your child understand the importance of savings. Once your children learn how to save, they will learn how to be compassionate, obedient and tolerant toward their wants and desires. I am by no means an expert when it comes...

How Much is Enough or Too Much – Saving vs. Investing

When you have money in your hand, your mind gives you two options – whether to save it for future purposes or to invest it in a venture which is promising enough for you to reap future rewards and gain bonuses apart from your necessary future expenses. At times there is a possibility to strike balance and choose between the two. This is primarily because of your circumstances, the way you look at your earnings, people you need to look after with the money you earn and the economic situation of the country you are living in. Below you will...

Are You an Entrepreneur or a Wantrepreneur

The difference between an Entrepreneur and a Wantrepreneur is like celestial and earthly opposites. An entrepreneur is an individual of positivity while a Wantrepreneur is a seeker of this positivity. Let’s analyze each of them closely: What is an Entrepreneur? An entrepreneur is an individual who is self reliant. Through this highly optimistic self reliance, he combines a number of different tools and utilizes them to form a single entity, a new franchise, of which he is the think tank and in most cases the owner or the majority share. An entrepreneur is a knight of the business community. Like...

How to Truly Create Passive Income

Passive income is money that comes flowing to you without you having to put too much labor into it. There are hundreds of ways to create passive income, some more simple than others. No matter what type of passive income you determine is right for you, it will always come with an initial investment of time or money. Remember that you need to have patience if you are using stocks, real estate, or a new business as a passive income stream, the money isn’t going to come rolling in overnight. How I Plan To Do It For example, I have...

Crisis Management for your Brand: Steps to Rebuild It

Brands can easily and quickly find themselves in a crisis situation, owing to either the products going out of style or not meeting the market expectations. One other reason of this could be industrial slack as well. Research shows that people have a habit of talking about their bad experiences with others. Digital media is now playing a very important role in creating and breaking brand perceptions. The increased usage of the internet on the mobile phone has enabled the consumers to be more vocal about their choices on social platforms. They are even talking to the brands directly, about...

Small-Cap Stocks should be a part of Your Portfolio

The market is filled with “un-sprouted” small-cap stocks; these are companies that have a market cap of less than $500M. These investments are risky, but they can also offer returns of up to 1000 percent if you invest in them smartly. Many big time investors will overlook these small-cap investments because of their potential risk, but because of the huge return potential I really feel that they should be part of every investor’s portfolio. Small-cap stocks are from businesses with small market capitalization and if you invest wisely you can beat the big institution investors to the punch. When looking...