Shopping for a Business Credit Card
August 23, 2007
Shopping for a Business Credit Card
by: John Mussi
If you’re a business owner or are in charge of the day-to-day operation of a particular business, you likely have a good idea of exactly how expensive it can be to keep a business running. Try as you might, there are likely times when you wonder exactly how you’re going to make ends meet. If this is the case with you and your business more often than not as of late, then you might want to consider looking into getting a business credit card to help you keep things running smoothly and to make sure that all of your business expenses are paid on time.
Why a business credit card?
Many people wonder why they should apply for a business credit card instead of a regular personal card that is issued to them. There are several reasons why you might want to get a business credit card, including the fact that a business credit card can be used easily by a variety of people without having to have new cards issued for each one, the business card can often be given a higher credit limit than most personal cards would have, and having a credit card that is issued to the business directly might help to shield you from some of the personal responsibility for the debts depending upon the type of debt, the type of business, and how the business is set up.
Getting a Secured Loan Quickly
August 22, 2007
Getting a Secured Loan Quickly
by: John Mussi
Situations may arise from time to time when you need a little extra money, and the faster that you can get it the better off you’ll be. Usually, the money that you need will come in the form of a loan unfortunately, not all loans are even remotely quick. While waiting on the loan to be approved and the payment to be processed, you might end up getting into even more financial trouble.
Luckily, there are a few things that you can do in order to help speed up the process and get yourself the money that you need as quickly as you can get it.
Secured loans
One way to potentially speed up the lending process is to apply for a secured loan and use high-value collateral to guarantee the loan. Since secured loans have something to guarantee the repayment of the loan, they are generally much easier to come to a loan decision on and each day that you can cut off of the decision process can help immensely. Additionally, the higher the value of the collateral is in comparison to the amount that you’re borrowing then the more likely you are to be approved with a lower interest rate. This can help you to save money in addition to time, and make repayment that much easier.
Making Money with Vending Machines
August 21, 2007
Making Money with Vending Machines
by: Jim Storey
Every year thousands of people enter the vending industry with promises of easy money and profitable part time work. Unfortunately most people are sold poor quality machines that will never make money. Despite this, it’s possible to make money with vending. And here is some advice…
Is it easy to make money? Nope, it’s hard work like any business.
The good points about vending
Great cash flow, stable income, flexible hours (until you grow) and the ability to work from home.
The bad points about vending
Expensive machines, coin jams, sites that don’t make money (we’ve all got them), it takes a lot of machines or turnover to become profitable, and it can get boring.
Many Things that surprised me about vending
The large amount of cash I collected in one day (over $2000 from about 6 hours work, which is small compared to the bigger operators)
The large amount of cash I needed to run a business (advertising, my wages, phone, van etc). This probably added up to about $500 per week plus wages. This means that you need to be turning over around $900 per week to cover operating costs before you can start paying yourself. This applies especially if you’re serious about running a proper business.
Finding a Loan While Still in Debt
August 20, 2007
Finding a Loan While Still in Debt
by: John Mussi
Sometimes it seems as though regardless of how much money you make, it’s never quite enough. Even though you’re in debt you might find that you’re falling behind on some of your expenses, or that you’ve had recent occurrences in your life that require some additional amount of money. You might be tempted to apply for a loan, but worry that you won’t be able to find one since you’re already deeply in debt. You’ll find, however, that there are always loans available you simply need to know where to find them.
Where to look for a loan
When looking for a loan, remember to keep your options open instead of simply going to the bank that you’ve always done business with in the past. There are likely a variety of banks in your area, as well as a number of other lenders such as finance companies, mortgage lenders, and assorted other loan offices. You should also keep online lenders in mind, since they can often offer good loan rates even to individuals who have poor credit so long as they have the proper collateral.
The Secrets of the Super-Traders
August 19, 2007
The first and perhaps most important "secret" is to realize that your methodology or approach (no matter how good) is only part of being a highly successful trader. This applies to any trading style including, day trading, swing trading or position trading.
The simple fact is that a bad trader can screw up a fantastic trading system. Conversely a talented trader can take a mediocre strategy and make money with it.
Why? Please read on and I will explain.
Many traders/investors that I have talked with think that to be a "Super-Trader" that they must possess some type of highly advanced trading techniques or software along with nerves of steel and a highly developed intuitive feel for the markets. In addition they think that these elite group, have some "inside information" that they don’t.
You will be relieved to know that the above is not necessary. There are actually only a few things that separate traders who consistently make money and those who don’t.
And here they are?
* Skilled traders find a strategy or market pattern that offers a high probability for success. They make money by exploiting this edge over and over again.
How to Analyze the Veracity of Investment Newsletters
August 18, 2007
When trying to analyze whether a promotional ad for an investment newsletter or a market timing investment trading system is worthy of investigation, the following questions should be asked:
Does the strategy have a track record? Without this you are really allowing your emotions to be in play. All of us want to believe that if someone says something it must be true. Yet the sad fact is the truth is probably just the opposite. Most ads and promotions are put in print for self interests first, and all else second. One has to view anything on the web with a skeptical eye. The minimum that an investment strategy should give you is a previous track record. The longer the track record is the better. Something that has worked for a matter of months is usually not long enough in the trading world to be considered successful. Some promoters do not release their track records because they say that "past performance is not an indication of future results". This is true but certainly no performance is not an indication of future results either. Some promoters do not release their track records because they say "we used to do a track record but subscribers got upset if the strategy lost money when they subscribed even though it made money over a yearly period." That may also be true but it is also part of the game. Subscribers can not expect to make money from day one when trading a long term strategy. However, that should be self evident in the track record. And some promoters do not release their track records simply because they don’t have one or they have a bad one. It’s as simple as that no matter what they say.
Trade Show Success Happens When You Plan Ahead
August 18, 2007
Trade Show Success Happens When You Plan Ahead
by: Rena Klingenberg
Participating in a trade show involves a significant investment of time and money - and your business depends on getting a good return on this investment.
Here are 10 easy ways you can plan ahead for a successful trade show:
1) You can avoid incurring extra fees when you exhibit in a trade show by ensuring that you don’t miss any of the deadlines related to registering and exhibiting. Costs go up by a big percentage after the registration and payment deadlines pass, so it’s worthwhile to submit your application as early as possible - and to keep good files on each trade show you’ll be participating in.
2) You can usually count on the safe arrival of everything you ship to a trade show. But shipping isn’t always reliable - and what if part of your trade show booth display, your literature, or other components don’t arrive in time? As part of your planning process for the show, you should come up with a plan of action for such a situation, so you’ll be prepared to salvage your presentation.
Finding a Place to Make Your Investments
August 17, 2007
Finding a Place to Make Your Investments
by: John Mussi
Investing can be a wonderful way to get the most out of your money while supporting various businesses and industries that you know and trust. Unfortunately, investing usually requires more than just a desire to buy and sell share of your favorite stocks unless you plan on purchasing all of your stocks and other investments directly from the issuers, you’ll also need a broker of some sort to place trade orders for you and execute any buy or sell orders that you might have. In order to help you find the broker that will best meet your particular needs, here are some things to consider while searching for the right investment broker.
Considering your options
There are a lot of options available to you when looking for a broker for any investments that you want to make. You should consider the types of investments that you’d like to make, whether you’d like to make real-time trades or to set limits for the trades (meaning that the broker automatically buys or sells on your behalf when an investment reaches a certain price), and how you want to finance your trades. Depending upon your preferences, you might find a variety of real world and online brokers that might meet your needs.
Stock Chart Reading
August 16, 2007
As an investor you will want to check out any equity before you buy it. Many investors go to Morningstar which is one of the largest providers of mutual fund information in the world. It is assumed that their information is correct. After all that is what you are paying for.
Recently the SEC (Securities and Exchange Commission) called them on the carpet for not correcting an error within a reasonable time (whatever that is according to the SEC). Everyone makes errors and this was no big deal.
It seems that when you went to their site and drew up a chart or asked for statistics on Rock Canyon Top Flight mutual fund it failed to notify the potential buyer that the fund had issued a very large dividend of approximately 25% and the NAV (Net Asset Value) dropped from $15 to $11 to reflect the $4.00 dividend.
When you ask for a chart of this fund on MarketWatch, Yahoo, TheStreet or Bloomberg they only post the NAV and do not make any adjustment for the dividend or capital gains distributions. Looking at the chart it appears the fund fell out of bed. Because I look at so many charts I knew immediately that this was a distribution and not some calamity. It is best to call the fund to verify this.
Overcoming a Bad Credit History
August 15, 2007
Overcoming a Bad Credit History
by: John Mussi
Having a bad credit history can be a huge burden it can cost you loans and other financing plans, it can cause you to have to pay higher interest rates on credit cards, and it can cause you to have to pay security deposits just to get your utilities or telephone service turned on.
Depending upon how bad your credit is, having a bad credit history can even cost you certain jobs. It is possible to overcome a bad credit history if you’re willing to put forth the effort and take the time that it requires, however.
Before we cover that, though, it’s important that you understand exactly how credit gets bad in the first place.
How credit gets bad
It can start out simply enough a late credit card payment, a missed loan payment, or perhaps even an overdrawn cheque. Your first negative report that was placed on your credit history could have been one of a countless number of things. Unfortunately, that one incident wasn’t the only one; additional late or missed payments might follow, or a few more cheques, and before you know it your once-sparkling credit is slowly but surely starting to head downhill. Before you know it, your credit is so far gone it seems as though nothing can be done about it luckily, that’s not the case.
