• Personal Finance

    Get Rich These Days With Talent

    building your career

    There are jobs which pay very well (i. e. manager positions), with which it is not difficult to build a fortune. With conscientious career building, very much dedication and with some luck it can be achieved.

    The question is how great is the sacrifice we have to bring, and whether the high salary compensates it.

    becoming a criminal

    There are many immoral or criminal ways of making money. I don’t want to give tips to anybody, the media give us information about such cases in many ways all the time.

    I wouldn’t urge anybody to choose this way. In this case, we risk not only money but stricter penalties, too (i.e.prison).

    with talent

    Many people get their wealth by being good at something, eg.: sportsmen, musicians, writers, artists. Others invent something new, it is enough to think of the internet millionaires being born by the dozens these … Read the rest

  • Personal Finance

    Certificate Of Deposit Accounts

    Certificate of deposit accounts are special accounts offered by banks & brokers, they’re basically the reverse of a regular loan: the investor loans their money to the bank for a specific period of time during which the bank pays you interest for the use of the funds.Traditionally interest is generally paid periodically based on a percentage, or other predetermined factor (such as the stock market), for the life of the CD.

    Many institutions offer fixed interest rates but variable interest rates are also available. This type of account differs from bank savings accounts in that depositors can not withdraw the money at any time; they have to wait for the them to mature or pay a severe penalty.

    Certificate of Deposits are perceived as safe because they are insured via the FDIC. The FDIC is federal insurance coverage provided by the government, instituted during the Great Depression, it was meant … Read the rest

  • Personal Finance

    Ways You Can Detect a Financial Fraud

    • Read your monthly bank statements. Know every purchase and credit to your accounts. Scammers can steal your information and set up charges you might mistake. Check for hidden “membership” fees or any other unapproved charges.
    • Give to recognized charities. When a disaster occurs, your instinct is to give to those who lost their homes, clothes, etc. Do your research and give to a recognizable charity or a credibly ranked one. You can find more donating tips by using a website like Charity Navigator.
    • Investing is taking a chance. There is no sure profit when investing. An investment opportunity with a low-risk, high-return investment can strike red flags! Take time to learn about the product and company beforehand. Also, prepare for a sales pitch. Watch for words like ‘guarantees’ and ‘promises’ with little ‘financial risks’.
    • Don’t deposit a check from, or wire money to, an unknown recipient. The law requires
    Read the rest
  • Personal Finance

    Clean Up Your Budget

    • Clean up and clean out our house this fall and have a yard//garage sale. This is going to be a LOT of work, but in the end, we will have extra space AND some extra cash to put toward bills or savings.
    • Pay bills second, pay ourselves first. This means taking the 30 seconds to log in to the bank account and throw in some extra cash into the savings account. This is like, rule #1 of saving. Rule #2 is “Don’t touch your savings unless it’s an emergency, and even then, reconsider it!” Haha. Okay maybe not, but clearly for us financial discipline is lacking.
    • Create a daily spending limit and stick to it. That’s right. Daily. Because sometimes, those of us who aren’t so good with budgeting, need serious boundaries. This way, we can really look at “What am I spending my money on? Is this a necessity,
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  • Debt

    Calculate a Debt to Income Ratio

    First, you need to find your gross monthly income. This is listed on your pay stub or leave and earnings statement. If you don’t receive a pay stub, you can use the W-2 form that you receive at the end of the year from your employer.

    Second, you need to know the total minimum monthly payments you make each month towards debts. The easiest way is to review your monthly bill statements to find the minimum amount due each month. Another way is to find payments listed on your credit bureau report (CBR). If you don’t have a copy of your CBR, then you can obtain a free copy of your credit report once a year from an online source, or contact your financial institution for more information. On the CBR from TransUnion, the monthly payment will be listed under TRADES>TERMS. Depending on the company (TRADES) they can report your … Read the rest

  • Debt

    Debts Are Down in Phoenix

    A Leap in the Right Direction

    People are making finances, and paying off debts, a priority again and that’s a great shift. Writing off uncollectible debts is also on the rise, and that’s contributing to these lower numbers. When considering the 25 areas surveyed, only four reported a debt increase, and none were in Arizona. Phoenix folks have something to be proud of, and this is a great trend that will hopefully continue to grow.

    Overall, Phoenix residents aren’t leaping on opportunities to take on more debt. They’re doing better at managing their credit cards, they’re not financing vehicles they don’t need and the mortgages that are getting approved are manageable for most. Basically, people in Phoenix are treating their credit seriously, just like they should. Gone are the free-for-all years when McMansions were standard and everyone drove a luxury car.

    Avoiding a Fallback

    Even though Phoenix residents are spending … Read the rest

  • Personal Finance

    Secrets of Well Managed Checking Accounts

    Don’t ignore your statements.

    This seems so obvious – to the point of not even worth mentioning. But it’s amazing how many of us fail to look at our statements every month, or to look at them thoroughly. Besides balancing your account – in other words, reconciling your posted balance against outstanding drafts or checks that have not been presented for payment – you need to examine your account thoroughly every month to make sure there isn’t something there that is out of place. Did the restaurant you went to a couple of months ago record a five dollar tip or a $25 tip? Did the shoe store who took your catalog purchase back really process the credit to your account like they were supposed to? Are there fees or debits that you can’t seem to account for? These are just some of the issues you’ll want to bear in … Read the rest

  • Personal Finance

    Ways to Improve Your Finance

    1. Begin Using a Budget. There are many people who consider budgets to be factors that are limiting their freedom. If you want to have a better financial freedom in the future, ensure that you have a well detailed budget. No impulse buying should be encouraged. In short, tracking ones spending and living within a budget allows one to get used to a lifestyle that is within their budget.
    2. Slash your Expenses and Spending. The perfect time to figure out why you have been spending more than you need to be spending is at the end of the year. Dig into you your bank statements and check to find out where the spending was unnecessarily low. How much do you spend on entertainment, groceries, transport etc and what is it that you can do to reduce such expenses. Make a budget that cuts all those extra costs and live within the
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  • Personal Finance

    Money and the Laws of Value

    Money as a Store of Energy

    Money is a store of economic energy. Without the awareness, acquisition, organization, and perfection of these internal values in any man, wealth creation in a sustainable manner is impossible. Poverty resulting from lack of cash or tangible assets is temporary and easily curable; however, poverty resulting from lack of discovery or awareness of these internal sources of wealth is permanent and cannot be cured by the acquisition or possession of money or tangible assets. Attempting to cure malaria by the use of pain relieving tablets is at best a temporary solution. Unfortunately, most people looking for money usually neglect and disrespect their internal primary source of wealth. According to Mark Victor Hansen “You do not have wealth, you are your wealth”! The earlier you come to the full realization of this universal principle, the quicker you will be on your journey to … Read the rest

  • Debt

    Federal Debt

    Not any more though. In recent years this has certainly not been the case. Less money coming in every year with more going out has put us in a position where the United States debt is so high there are some who wonder if we will ever come out of it. This has also resulted in some of the worst infighting in recent memory among members of both political parties in Washington. According to them, it is the other party’s fault for the growing federal debt.

    And if you listen to the “experts” there are as many different viewpoints as there are people in the know. Some think that there are ways out of our national debt mess, even though it may take a number of years. While some think that the United States’ role as the leader of the world may be coming to an end. For the most … Read the rest