Economy and Finance

Introduction Secured Loans have their place in the market. They might be advisable for people with bad credit ratings who are unable to extend their mortgage or for those who want to take out a large loan, particularly over a long period. For people with reasonable credit scores they can also offer quite a low cost way of borrowing money. The problem is that as a Secured Loan is, by definition, 'secured' against a property they should be seen as a last resort for those at the bottom of the credit pile. This article will look at other ways of raising money or, at the very least, ways of reducing the monthly cost of interest on the money you owe. Credit Cards Shuffling There's a myriad of Credit Card Companies […]

I have recently spoken with a small business owner who owns three operations and employs a total of 100 employees. He asked me if I “could imagine the immediate impact the wage increase will have on his business” – the truth of the matter was that I could not relate. If you operate a business that employs workers at the minimum wage (or just above), then you can relate to this issue and realize that a plan to deal with it must be put into action. I understand that the economy is in a downturn; these are trying times and require appropriate measures. Now, perhaps more than any other time before in history, is the time to plan for creating and keeping customers. This can be quite challenging to achieve. […]

By now every friend of mine knows that I am working in a Finance domain. They have started teasing me now-a-days. Recently when we met for New Years Eve, one of my friends asked me what's your "financial resolution" for this year. How much are you saving and planning? Let's keep these teasers away. But I am sure most of us are worried about money at start of New Year (actually we are always worried about money.) If you are reading this then you are worried. I have compiled plain and simple tips to keep you financially healthy and can be followed easily. 1. Become your own CFO You can not take control of things which you do not know. To take control of your money you need to first […]

Divorce can cause big changes on the family financial situation. Studies have shown that parents (especially mothers) find themselves living in poverty or a substantially lower income bracket after their divorce. Even the non-custodial parent with a fairly decent income can their life strained financially more than they expected. Financial planning can help you avoid this shock and help you form a better idea of what you can expect. Here are things to consider: Financial planning tip #1: Expect unexpected expenses: After a divorce, former spouses typically find themselves spending more than they otherwise would on everyday items. This is because they end up having to replace small little things that they used to take for granted; items such as camera, tools, towels or kitchen utensils. These small purchases for […]

I was driving the other day, and while waiting at the light, I saw a window placard on the car in front of me which read. “House cleaning services”. It was just another mobile advertisement for one of the local national chains. I began to think, “you know it’s tough keeping up the house these days, with tight schedules revolving around school, soccer, and various other activities. Who has time, to clean the toilet, dust off the shades, vacuum, clean the dishes etc., I sure could use some help around the house, right? Whether it be daily, weekly, or at the very least monthly! Because between you and me, bottom line, it’s not getting done very well now! So it’s very practical, yes, even logical, to spend a few bucks […]

The foreign exchange market is the largest financial market in the world. However, it was not always accessible to any interested traders. There are additional risks associated with Forex trading because Forex trading is not conducted on a regulated exchange. In the past, foreign exchange of currencies’ access was limited to banks, hedge funds, major currency dealers, and the occasional high net-worth individual. But its tremendous liquidity, 24-hour access 5.5 days of the week, and the strong trending nature of currency exchange rates turns the smaller financial institutions want to get this advantage too. The entrepreneurial vision of those smaller financial institutions and the evolution of the internet connection and accessibility made Forex accessible at a retail level. Those institutions were combining the accessibility of the internet and fast and […]

Thank God Easter's here at last! The shops that have for months been pedaling eggs and hot-cross buns can now ready themselves for their next big payday. (Did I hear Mothers' Day?) FOMO (Fear Of Missing Out) is used to drive both the sellers and buyers. Once one store displays its Easter goodies, it's follow the leader from then on. And, in case parents thought they could avoid getting kept up in the FOMO-game, their kids are quick to remind he or she who controls the purse-strings of the need to keep up with the Jones kids. Any religious significance of Easter takes the back-seat, or no-seat at all, when FOMO is at play. After all, we're talking about 'real life', here. I can remember being in Rome one Good […]

Marketing and finance are the cornerstones of a successful business. You might protest and say that, first, you need a good product, but there are countless examples of products that were successful, solely, from marketing, like the pet rock, in the 1970’s. Moreover, marketing is not only the collaborator of finance but is also finance’s coconspirator. Indeed, marketing is more important to the financial industry than finance, itself, something that people outside of the financial industry fail to grasp. Perception is more important that reality, for what we perceive is real to us. In that regard, from the very bottom of the financial system, money and banks, there is a need to shape perception. Paper money was developed by Italian goldsmiths, in the Middle Ages (actually, China experimented with it […]

The are many successful traders using a variety of trading methods. However, there are a far greater number of traders who fail to produce consistent profits from the markets. I would estimate the percentage of successful traders about the same as in other professions such as acting, music, sports, etc. Many are called, yet few succeed. Over the years I’ve formed a few opinions on why trading is so difficult for so many people. Most traders I meet are intelligent. They have had success in other careers. They are usually hard workers and devote much time and energy to their trading. Yet most of these traders move from one methodology to another, never finding anything that works for them. In the area where I live I try to attend as […]

It is my goal to be financially free in just 5 years. Now as you may know this is not exactly the 'norm', you do not see a lot of people retiring before they reach 30. In fact most people these days can not even afford to retire when they reach 65. Did you know That the greatest fear in America today is not terrorism, or nuclear war, it is running out of money before they die. That is the number one fear. Financial freedom does not just happen, you can not really accidently become financially free. You need to decide you want to become financially free and you need to have a plan to get you there. Most people fail to retire early and fail to become financially free […]