Getting Money to Start a New Business
September 22, 2007
Getting Money to Start a New Business
by: John Mussi
Starting a new business can be an exciting venture unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be considering a loan from a bank or other lender; you should keep in mind that there are some other alternatives for funding that might serve you well in addition to traditional loans.
Of course, before you can do much work toward getting the money that you want you’ll need a business proposal and you’ll have to be willing to consider a variety of different funding options.
Drafting a business proposal
The first step toward getting the money that you need for your new business is creating a business proposal. This can require a lot of research and estimations, as it should include sections on how much money you’ll need, how much money you hope to make, what competition you’ll face, what equipment and training your employees will need, and other statistics that may vary depending upon what sort of business you’re planning on opening. It’s best to do additional research on business proposals, so that you know that you haven’t left out anything that’s vitally important.
How to Find Low-Cost Auto Financing
September 21, 2007
How to Find Low-Cost Auto Financing
by: John Mussi
Buying a new car can be expensive especially when you finance the car and have to pay interest and lender’s fees on top of the price of the car. It is possible to find lower-cost automotive financing, however, provided you’re willing to take the time to shop around for both your new vehicle and the loan to pay for it.
Below you’ll find some basic suggestions that should help you to not only find the car or other vehicle that you want but also to save some money in the financing loan that you use to pay for it.
Where to shop for a car
If you’re planning to finance all or some of the cost of your new car, you’ll have a much easier time finding low-cost financing if you purchase your car through a dealership. Many dealerships have special financing deals worked out with certain lenders, and the fact that you’re buying the car from a dealership helps to provide a guarantee for the potential lenders that the purchase is legitimate.
Stock and Fund Dividends
September 20, 2007
When is a dividend not a dividend?
The latest thing "conservative" brokers are preaching these days is to buy stocks that pay dividends. Everyone likes dividends. I know I do, but when Wall Street tells me something I am automatically suspicious because they lie to me every day. Is this a new scam? Let’s take a look.
When you buy a bond or a CD at the bank it pays interest and is a real dividend. You might get a check every month, quarter or annually or receive a credit to your account. The amount of your principle (what you paid for it) remains the same. Yes, that is a true dividend.
Companies make big splashes about raising their dividend. It was 50 cents per share, but we have raised it to $1.00. Big deal. Yes, you will receive a check and at least you know the company has cash available to pay you. That is an indication the company is in good financial condition, but there have been many of the big names on the NYSE that have continued dividends even when they have lost money. How can that be?
Finding the Right Credit Card for Your Needs
September 19, 2007
Finding the Right Credit Card for Your Needs
by: John Mussi
Credit cards have become a major part of the world economy, allowing for paperless transactions and reducing the need for cheque ledgers and extensive monthly chequebook balancing. With all of the options available for credit cards, however, it can be difficult to decide on which card best fits your personal needs.
Below you’ll find a little bit of information that will hopefully help you to find the right card to fit your personal and financial needs without fees or features that you don’t need.
Determining what you’re looking for
The first thing that you need to do when looking for a new credit card is determine exactly what it is that you’re looking for in a credit card. If you’re looking for a simple card to help cover petrol expenses, then your needs in a card will be much different than in you’re looking for a card with a good incentive program that you’re planning on using for major purchases. Take the time to write a few notes about what you’re wanting to use your card for, and what features you’d like the card to have.
Cash-Out Mortgage Refinancing
September 18, 2007
Cash-Out Mortgage Refinancing
by: LendingTree Editorial Staff
Your house is a potentially large source of ready money if you are willing to sacrifice some of your equity in return for liquidity. Cash-out mortgage refinancing is one way to access this cash.
What is cash-out mortgage refinancing?
Cash-out refinancing involves refinancing your mortgage for more than you currently owe and pocketing the difference. If you have been paying down your mortgage for some time, then the principal on your mortgage is likely to be substantially lower than what it was when you first took out your mortgage. That build-up of equity will allow you to take out a loan that covers what you currently owe — and then some.
For example, say you owe $90,000 on a $180,000 house and want $30,000 to add a family room. You could refinance your mortgage for $120,000, and the bank will then hand over a check for the difference of $30,000.
You can take the difference and use it for home renovations, second-property purchases, tuition, debt repayment or anything else that needs a significant amount of cash. What’s more, you may be able to get a more favorable interest rate for your refinanced mortgage.
A Guide to Do-It-Yourself Credit Repair
September 17, 2007
A Guide to Do-It-Yourself Credit Repair
by: John Mussi
Having poor or bad credit can be a major burden, not only in your financial life but in other aspects of your life at large as well. Not only does it bring major problems into the act of getting a loan or credit card, but you may also be denied certain housing rentals and even employment opportunities. Unfortunately, getting your credit back into shape isn’t as easy as some might have you believe with all of the scams and overpriced services involved with credit repair, it can be hard to tell who you can trust with your financial information.
Luckily, there is hope. Though it’s not always a quick process, it’s entirely possible to repair your credit on your own, turning your current bad credit into good credit in the future. The information below is designed to get you started along the path to credit repair, so as to help you to get the hang of it and keep you both out of bankruptcy and away from credit repair scams.
Basics of credit repair
Why Forex Traders Plan To Fail Before They Even Place Their First Trade & How You Can Know It & …
September 17, 2007
Have you heard the wise saying that a trader who fails to plan, plans to fail? I have, and I was once that trader! However, did you know that even though traders who have constructed a plan, which incorporates their trading stategy (their “edge”), they have a plan that is likely to fail?
If we look at all traders who participate in the market: we have one group that fails to plan and therefore plans to fail; another group whose plan is failed; and a third group who properly plans and therefore does not fail.
Is it any wonder that the success rate for forex traders is so slim?
Well it doesn’t have to be.
Here’s a list of reasons why those whose plan is destined for failure fail:
1. They become emotionally attached to their ideas about how the market should be with minimal or inadequate testing;
2. They fall in love with their back-tested net profit results without fully understanding other key statistical data;
3. They don’t admit they’re plan is wrong.
Let’s explore each point in a little more detail.
1. Becoming emotionally attached to your ideas without adequate results
Wit and Wisdom on Money, Wall Street and Success - Part #4
September 16, 2007
Can you concisely summarize your investment philosophy in a few sentences? My experience is that most people can’t. The quotes that follow are diamonds that offer a real powerful education in the world of Risk Management. They have had a profound impact in my life. I pass them along hoping they achieve a similar effect on your investments. Enjoy!
1) “Rule No. 1: Never lose money. Rule No 2: Never forget Rule No. 1.” -
-Warren Buffett
2) “Large profits can be made in common stocks. Large losses can be made in common stocks.”
-Peter Lynch
3) "A fool and his money are soon parted."
-Unknown
4) "A fool and his money were lucky to get together in the first place."
-W.C. Fields
5) “You should invest in a business that even a fool can run, because someday a fool will.”
- Warren Buffett
6) “The key in life is to figure out who to be the bat boy for.”
-Warren Buffett
7) "Let Wall Street have a nightmare and the whole country has to help them get back to bed again." - Will Rogers, The Autobiography of Will Rogers
Consider This
September 15, 2007
Consider This
by: Greg Carson
Many varied reasons exist why people tend to start their own home-based business. Whatever their choices are, certainly they have reasons that in their perspective are valid. It is a wise choice to assume that the reasons driving your fellow home-businessers are as good as your own.
Probably the most common reason why people want to have their own home-based business is their yearning for control over their own destinies. The fear of being downsized by a higher officer or a boss has become a nightmare for most people, thus triggering in them the will to resign from the employ of another in order to launch a business of their own. There are many cases where dissatisfaction with being an employee coupled with the pressure of having to commute and wake up early every single day causes a person to fly the coop, so to speak.
Opening Accounts at Multiple Banks
September 14, 2007
Opening Accounts at Multiple Banks
by: John Mussi
Some people seem to think that just because they have an account at a particular bank, they need to do all of their banking business with that specific bank. While having a bank that offers good customer service and that meets all of your banking needs is great, if you don’t have a bank that offers these perks then there is no specific reason for you to give them all of your business. You might find that your financial and banking needs are best met by opening different accounts at different banks, choosing the banks for their strengths with certain types of accounts.
To help you decide whether or not you should open your accounts at multiple banks, the information below shows you when you should consider different banks and what sorts of accounts you most likely should have. You’ll also find tips on how to find the best interest rates for your accounts and how to organize your financial information even though it’s scattered across multiple banks.
When to use multiple banks
