About admin

admin has been a member since February 6th 2011, and has created 7 posts from scratch.

admin's Bio

admin's Websites

This Author's Website is

admin's Recent Articles

Finding A Personal Finance Company Can Be Fun

published Sunday, May 5th, 2013 at 6:26 pm by

A Personal finance company is a financial organization that acts as an agent that provides financial services to clients by helping them to grow and protect their wealth through investments and savings. Seeking the services of a finance Company can be very helpful especially if one wishes to manage their finances in a successful way.

personal finance companyIf you have specific monetary goals you would like to achieve within a specified amount of time, or just wish to save some money for a rainy day, the assistance you will need will come from a Personal Finance Company, which is usually made up of a team of experts who will guide you along the way in making the best choices as far as managing your finances is concerned. A Personal Finance Company offers several services such as:

Investments

This is usually for the client seeking to secure their financial future. It is difficult to know the right kind of investment that can give the financial security one seeks hence approaching a personal finance company is usually a good place to start because they will give you proper investment advise. . Once one identifies one, the financial company will take them through a few procedures…

They will assess the client’s financial situation e.g assets and holdings in order to understand what kind of assistance they need and how to give it. This will involve providing bank statements, past bills, pay slips and any other relevant documents and information.

Secondly, the Personal Finance Company will guide the client through forming a plan based on their monetary goals and other plans for the future and also help identify the best course of action in the realization of these goals e.g through setting aside funds for future use, watching expenditure levels etc.

These investments can be done through:

Life Insurance: - A personal finance company usually offers a variety of life insurance plans, which go a long way in providing financial security. These are divided into two categories, Term life insurance, provided by the financial company to cover specific needs and Permanent life insurance, provided to offer life time financial cover and security.

Real Estate: - A Personal finance company will give the best advice when it comes to real estate investments. They will help in finding, selling and purchasing quality homes and property for clients.

Retirement Plans: - The finance company will give professional advice and assistance in coming up with an effective retirement investment plan.

Once the Personal finance company and the client have agreed on a particular strategy, the client is then advised on how well to manage in the most effective way, their day to day businesses and expenses if they are to be successful in achieving their financial goals. Usually the finance company keeps in contact with the client otherwise known as follow up for a specified amount of time in order to check on the client’s progress and to ensure smooth process.

Personal Loans

A Personal Finance Company also focuses on meeting the financial needs of its clients by offering loans for almost any financial emergency such as bereavement, home improvements, and travel and vehicle finances, medical services where insurance does not cover. If you have had credit trouble before, there are even credit cards for bad credit customers.

Tags:
Posted in Personal Finance Company | No Comments »

Best Personal Finance Blogs

published Sunday, February 1st, 2015 at 7:22 am by

Personal finance blogs are just about a dime a dozen these days, and for good reason. Everybody is looking for a personal finance blog to follow since everybody needs to get their finances in check. So today I have found 9 of the best personal finance blogs, in no particular order, that actually provide great advice that produces great results.

  1. Frugal Rules

This site is all about living frugally. Living frugally is truly the best way to live when it comes down to personal finance because it keeps more money in your pocket so that you can actually spend it on things that you want and don’t need. Some of the things on this blog may be a little extreme for your tastes, but there is surely something that you can learn from this site that will benefit you every day of your life.

  1. Money Crashers

This blog is also highly focused on budgeting, while also understanding that people want to do fun things as well. Unlike living extremely frugally, this blog will teach you how to properly budget and take care of yourself and others. This does not discount frugal living; it just shows you that you have other options when living on a budget. They also have guides for younger people and can also give you reviews of different products and which products are not worth what you are paying for.

  1. ChristianPF

ChristianPF is a blog dedicated to Christians to help you live within your means while also keeping the standards that the Bible tells you. Even if you aren’t religious, there are tons of things that you can find on here that can help you live within your budget and also some guides to help you throughout your daily lives. For the religious people, you can learn so much from this website that a lot of churches don’t go over too much, but are necessary tools in order to succeed in life, both financially, spiritually, and emotionally. Reading through this, I have learned so much about how the bible relates to money, which is really amazing that something written so long ago can still give people in the 21st century great advice.

  1. Budgets are $exyPersonal Finance

This blog is an amazing blog to read through. You can look through this place for hours and come out richer. There are crazy ideas to earn you money and save you money. This blog is mainly about budgeting and learning how to get out of debt and staying out of debt. This blog also shows how the author makes money, which is one of the best ways to learn about budgeting. Some other things that you learn include investing. Investing is a great way to earn money and earn passive income, which continues to help you throughout your life.

  1. Reddit’s Personal Finance subreddit

Reddit’s Personal Finance subreddit is not really a blog, but more of a forum. However, it is something that is worth a read every single day. There are amazing people over there that want to help you with your personal finance problems, as well as give you some very creative ways to earn a little bit of extra income. The people on this subreddit are also great about citing their sources on things, which is extremely helpful when you want to get the real facts from the original source instead of what the person just heard or is repeating.

  1. My Wife Quit Her Job

This blog is a great blog to look at when you want to learn how to start a business and how to maintain your business. The guy running this blog is really open about his life and how he earns and keeps his money, which is really nice when it comes to personal finance blogs since not too many of them out there show you what they do so they don’t always give you the full learning experience. The blog on this also updated very frequently, which is something that most blogs need to do.

  1. Joshua Kennon

This blog is a personal blog that you really can spend hours reading. He writes about things that most other personal finance bloggers don’t like to talk about, like affording things that you really want. He doesn’t live an extraordinary lifestyle, but lives above the average person while still spending less than the average person. He has guides on how he can actually make money from buying basic survival needs, like milk and shoes. He also cites his sources when he writes his articles, which is something that is really nice when you want to read more on the topic that is being written about.

  1. Get Rich Slowly

This blog is one that really stands out when it comes down to getting rich. This guy just started his website as something fun that he was doing whenever he thought of something and never paid too much attention to it. However, people started liking his stuff, and he started producing higher quality articles. After a couple of years, he was able to sell his website for over a million dollars! This is a crazy amount of money, and definitely fits the theme of getting rich slowly. Out of all of these blogs, I think that this one fits the theme of personal finance and shows how one guy reaches a long-term personal finance goal.

  1. 20Somethingfinance

This blog is dedicated to a younger audience, but is very interesting for people of every age. If you are new to personal finance and budgeting, then this website is great for you. There are so many different pages in this website that are beneficial to just about everyone. They even have a whole page dedicated to money saving products that will save you money almost instantly. There are also some giveaways that the owner does that give you some pretty cool free things that will save you in the long-term, such as an H&R Block Online Tax Prep Reader Giveaway!

Tags: ,
Posted in Personal Finance Company | No Comments »

How MPG has an effect on your Wallet

published Thursday, January 22nd, 2015 at 12:44 am by

In today’s world, it is almost impossible to get anywhere without a vehicle, and the most popular vehicle is a car. Cars are relatively expensive compared to most of the stuff that we buy. A car will likely be the second most expensive thing that you buy. The most expensive thing you will buy would be a house. Unfortunately, cars lose their value very quickly, whereas houses usually will rise in value if they are well taken care of. That is why it is important to get all of the value you can get out of your car. One way to get more value out of the car is to get more miles per gallon.

Fuel is one of the biggest expenses in a vehicle. If you get 15 MPG and drive 15,000 miles per year, you will spend ~$1,800 per year, but if you get 33 MPG in the same scenario, you will spend ~$950 per year. Getting more miles per gallon out of your car isn’t really that hard, and you don’t even need a new car that the EPA says will get more MPG, though it wouldn’t hurt to have one of those. You can even start with a truck and save on money by getting better MPG. The whole trick to it is to drive smarter. There are tons of ways you can save while driving, in fact Ecomodder made a list of 100 hypermiling tips. This list is what helped me raise my MPG by a lot, and I will be describing to you just some of the tips that I have used to get more MPG out of my vehicle.

The Basics to Hypermiling

The first thing that you should do to save money at the pump would be to simply drive less. Your tank will last a whole lot longer if you drive less. If you simply can’t avoid driving, then figure out the most efficient route. The most efficient route is critical to getting higher gas mileage. If you have multiple trips that you need to take in a day, go to the place that is farthest away first, and then progressively make your way to the closest destination. When you do this, you allow the car to warm up to its most efficient temperature and not cool off, assuming that your trip is short enough that it doesn’t allow the car to cool off.

The next thing that you should do to increase fuel economy is to reduce the weight of your vehicle. If you drive around with a bunch of stuff in your trunk, you won’t get as high MPG. Some of the really extreme hypermilers take out all of the seats in their car except for the driver’s seat, and even go as far as to take out some of the noise insulation.

Another relatively simple way to get more MPGs is to avoid drive-thrus. Drive-thrus lead to excessive idling and are usually for food, which will make you gain weight, and that is never good.

Along with avoiding drive-thrus is to avoid peak hours of traffic. Traffic leads to frustration most of the time, and that isn’t good for your personal health. Traffic also leads to excessive idling in your car, and people that drive in traffic usually don’t drive smarter, since they are under the influence of other drivers.

Another simple thing that you can do is to get instrumentation to monitor your fuel consumption. There are many apps and devices that allow you to do this.

City Driving in a Hypermiler’s Shoes

City driving is usually the place where normal people fail at driving efficiently. City driving consists of many stops due to stoplights, stop-signs, people turning, and people being stupid. Most people, when they drive in the city, are constantly accelerating, which is when MPG is the worst. When I accelerate in my car, my instrumentation says that I am using 3+ gallons per hour. If we take my speed, let’s say 40, and divide it by 3 gallons per hour, then we get ~13.3 MPG. I will obviously be accelerating, but the speed limit is 40, why would I want to go faster? 13.3 MPG is terrible, and if I only get up to 13 MPG between the first stoplight and the next, then it wouldn’t be worth it.

When a hypermiler drives in the city, they usually will accelerate up to speed, then immediately let off the accelerator. A hypermiler will determine their speed at the first stoplight before they start moving. They will base their speed depending on the state of the next stoplight and how traffic will agree with the speed they chose. It may seem complicated, but really this is just basic driving school stuff, where you want to anticipate what will happen next, only you are trying to drive efficiently instead of learning to drive.

Another way to think of city driving is to keep your momentum going, driving without stopping. This is just basic physics that a lot of people seem to forget. It takes energy to accelerate, especially with a 2 ton car that has to fight wind resistance, ground resistance, and drivetrain efficiency losses. Slowing the car down is essentially turning the energy you just used to get up to speed into heat and brake dust, which will cost you more money in the long run on brakes.

 

Efficient Highway Driving

Highway driving is very simple compared to city. People around you will be driving a constant speed, and you will try to as well. To drive efficiently on the highway, you want to drive slower and try driving with load. Driving with load (DWL) is pretty simple; just keep your foot in one spot the whole time, which will make you go slower up hills, and faster down hills. If you are one of those drivers whose foot goes down over time, then try to use cruise control, if your car has it, at a lower speed.

 

The Last Word

Driving efficiently isn’t what a lot of people think it is. It doesn’t mean that you have to drive slower; you just have to drive smarter. There are tons of ways you can make your car more efficient that this article didn’t go over, and a lot of those methods can be found over at Ecomodder or other fuel economy forums.

 

MPG Calculator

 

Tags: , ,
Posted in Personal Finance Company | No Comments »

Financing Business Using Credit Cards

published Friday, January 16th, 2015 at 3:46 am by

Starting a business in today’s world is a very attractive thing for young people, and a very rewarding endeavor. However, starting up the business is the tricky part. Once you have an idea of what you want to do with your business, more ideas just keep flowing, but implementing all of these ideas would get quite expensive, and you will need money. There are many ways to get funding for your business, and how you fund it is entirely up to you. The two most common ways of funding small businesses is by either asking your family for money, or financing business using credit cards. Both of these methods have pros and cons.

CreditCard

Asking your family for money to start your business is a great way to get some funding, and many businesses have been successful because of it. In fact, Bill Gates, founder of Microsoft, got his first funding from friends and family. Chances are that if you ask your family and friends for money to start a business, they will support it. The downside to asking your family for money would be that they might not have enough money or they can’t continue funding you if your business isn’t successful immediately.

If your family and friends can’t fund your business, you should start using credit cards to finance your business. Credit cards are great since the bank can’t really deny you a loan unless you have extremely bad credit. Sergey Brin and Larry Page, founders of Google, started their business by using three different credit cards. There are many pros and cons of using a credit card, so it is up to you to decide whether it would be beneficial for you to use a credit card or to find another method of funding your business. Here is a list of the pros and cons:

Pros:

  • Instant loan
  • Not personal
  • Can be used everywhere
  • Can purchase things over the internet
  • Incentives for using the card
  • Potentially building up credit score

Cons:

  • Potentially ruin credit score
  • Interest rates
  • May cause you to spend over your budget
  • Could go into debt
  • Fees

As you can see, using a credit card can be risky if you are not smart about it. However, if you are smart about using your credit card, you can basically you can actually make it work out well for you.

How to Stay Out of Debt

Debt is one of the easiest things to get into, but also one of the hardest to get out of. The best way to get out of debt is to not get into debt in the first place. Staying out of debt can be quite tricky sometimes, since there are lots of expensive things these days that are just tempting your credit card. Starting a business can also be tough if you are trying to stay out of debt. That is why when you are starting the business you need to have other options other than just using a credit card. The best way to start up the business would be using your own cash, but that can be extremely expensive. That is why you should only get into debt when you know you can be able to pay it back.

Your business may not be successful within the first three months of opening it up, but that doesn’t mean that you should quit before you even start. The best thing to do is to be prepared for the worst. Always have a three month emergency fund that is in cash. If you pay $500/month on your credit card to keep the business running, make sure you have $1500 so that you will be able to keep it running. If you don’t think that you will be able to take the risk of using credit cards, then you can look into your other options for financing your business.

Other Ways to Finance a Business

There are obviously other ways that you can finance your business, these two aren’t the only ways to get money to start up your business. They are just the most popular. You have options such as crowdfunding platforms, government grants, small business loans, and most importantly from your own pocket.

These days there are lots of websites being built for creative ideas that are basically kickstarters for small businesses. These are called crowdfunding platforms and are extremely useful for startup companies. To use these, just go on one of the websites and post your idea and people will basically donate some money for this idea to happen.

Government grants are also a huge way to finance your business. Many businesses run on government grants, especially in the technology world. Basically if you have a business that is already started (can’t be a startup) then you can apply for a government grant. If you are a business that is innovative or is providing something for the public, then chances are that you will get the grant. You probably won’t get a grant for something that isn’t as innovative (like a fast-food restaurant) then you might not get a grant unless it has something innovative (like it is an all-healthy fast-food restaurant). Of course, you can always apply for grants from non-profit organizations if you don’t get the government grant.

Loans are always a pain to take out, but sometimes this needs to be done. That is why most banks offer small business loans, to help you with financing your small business. These loans are extremely helpful to small businesses because they can loan tons of money with a very low interest rate. Even though taking a loan isn’t the most appealing choice, this is really one of the best ways to get all the money that you will need for your small business, as long as you can pay it back. You can also apply for a business credit card which can help when making purchases for the business and not just for yourself.

The Final Word

The final word about financing a business is that it really helps if you use your cash. If you simply don’t have enough, you can always rely on credit cards as long as you pay them back. If you are not sure if you can, look into your other options, as you have many.

Tags: , ,
Posted in Personal Finance Company | No Comments »

It is Easy To Be Your Own Personal Finance Planner

published Thursday, October 31st, 2013 at 12:18 am by

Personal Finance Planner

The older I get the more I can see why old people are so happy. It seems like the older people get the happier they are, even if their personal finances seem to be in disarray. I think I am really lucky to have started to figure out what is the key to happiness for them, and it isn’t the latest gadgets, the big house, or the fancy clothes. It is building relationships with people that are important to them. Not the folks in the office, but those closest to you, like your spouse and children. That is where most people draw their biggest delights in life. While you may think you need a personal finance planner, I can assure you that if you are mildly interested in your financial future you can do most of it on your own (unless you already have a fortune that is!)

Money Manager Software

If you have never had a budget or are living paycheck to paycheck and using payday loans, I can tell you that the first thing you should do is to make a budget. It doesn’t have to be any kind of fancy money manager software, starting out it could just be a notebook keeping track of every expense you make. Eventually you will want to get it into some sort of spreadsheet, or perhaps use some online budgeting tools until you get the hang of it. However, once you realize how valuable your money is, you will stop needing a budget because you will already be thinking really hard about every purchase you make, especially the recurring payments that you may have.

Free Personal Finance Programs

If you look online for some free personal finance programs, you will likely find several that are free to try out for a little while before they require you to buy them, but don’t fall for the ones that will lock you out after you have built your budget in them, because you will either have to start over or pay for the program to continue.

Financial Advisor Career

Once you find a method to keep track of expenses, just worry about logging everything down. These days you can almost live entirely without cash and just log your bank statements into the ledger, use your online banking feature to even pay your bills online. After a few weeks, or a couple of months you can begin to look for ways to save money on your current expenses. Do this regularly and you will be surprised how many different ways there are to save money without scrimping. No there are people that may need to scrimp, but if you have a decent job you probably have a number of unnecessary expenses that can be cut. After you have been doing this, you may very well feel prepared for a financial advisor career working for a personal finance company, not that you will need the extra money at that point, but you may very well do the world a favor and start spreading the word about frugal living.

Money Tracking Software

One of the things that will keep you motivated is to think about what is important to you, and my guess is that it will not be a 30 minute commute followed up with 8 hours of cubicle life for all your days. Get your priorities straight, then start using some sort of money tracking software and you will begin the journey to financial independence.

Home Accounting Software

Some people may find that they feel better with some home accounting software, but believe me, once you start down this path you will realize that all you did with that purchase was to delay your goals even more. Start saving today so you can live your life the way you want to when you no longer have to work for “the man!”

Posted in Personal Finance Company | No Comments »