Sallie Mae Introduces New Mastercard Credit Facilities Exclusively for Students and Fresh Grads

SLM Corporation (SLM), the publicly-traded corporation that deals mainly with student loans, commonly known as Sallie Mae, has introduced three (3) Mastercard credit facilities for college students and fresh college graduates with outstanding student loans.

Launch of the three new Matercard cash-back cards called Accelerate, Ignite and Evolve comes with a no annual fee and zero percent (0%) introductory offer. However, just like any credit card, student borrowers should carefully read the fine print before entangling themselves with additional financial obligations.

What the Fine Print Says about Sallie Mae’s New Credit Card for College Students

Students should take note that once the 1-year introductory period is over, the Annual Percentage Rate (APR) on outstanding credit card balances will range between 14.99% and 24.99%. The APR applicable depends on the creditworthiness of the student borrower. High credit scores will of course, qualify a credit card holder for lower APRs since a student borrower with high credit rating will not be assessed as “high risk;” as opposed to those with low credit scores.

Creditcards.com reports that the average APR on credit card borrowings is eighteen percent (18%).

Although the three new Sallie Mae student credit cards come with 1% to 1.25% cash-back rewards, the feature only encourages frequent, and sometimes, irresponsible credit spending.

To entice signing up for a new Sallie Mae credit card offering, a 25% cashback bonus will be awarded if an Accelerate or Ignite cardholder uses his or her credit card to pay-off any existing private or federal student loan. Signing up will also qualify a cardholder to a $10k promotional sweepstakes, which if won, will be applied as a payment to the winner’s outstanding student loan.

Are Sallie Mae’s Student Credit Cards a Good Thing?

According to financial analyst Ted Rossman of Creditcards.com,

“People can do better, but they certainly can do a lot worse.”

Whether it is Accelerate, ignite or Evolve, all credit purchases using these credit facilities, will be handled in the same way conventional credit cards operate. Full settlement of every credit card purchase on due date is best, because doing so prevents buildup of the outstanding balance on which the APR is compounded daily or monthly.

Paying minimum means paying only for the interest computed on outstanding credit purchases. As a rule, payments to settle a loan are first applied to interests, and only the excess will apply as payment to settle or reduce the principal balance. That being the case, a student’s credit card debt could balloon if he or she makes only minimum payments.

To Retire or Not to Retire at Age 65 ; An Equity Release Could Help You Decide

Based on a recent survey conducted by Provision Living, a company focused on providing services to senior citizens, most Americans today are no longer keen on retiring at age 65; The survey fielded questions about retirement plans to 1,000 American adults who have not opted to retire, despite being aged 65 and above.

On the average, most of the respondents said any plans for retirement will have to wait until they reach 72. One-third of whom represented older adults who feel they are still not financially prepared. Twenty-three percent of those who cannot retire due to financial reasons said they still need to work because their family still depend on them for support. Nineteen percent (19%) cited debt payment as the main reason why they still have to hold on to their job.

What is interesting though is that about forty percent (40%) of those who have not yet taken the retirement path, did not cite financial need as reason. Forty-five (45%) of this particular group of eligible retirees, claim they still enjoy working. Eighteen percent (18%) anticipate that they will get bored if they retire. Some six percent (6%) simply want to continue experiencing the camaraderie at work.

Still, not all who participated in the survey are engaged in full-time work, as more than half of the eligible retirees who responded said they had switched to a part-time job when they reached age 61 or thereabout.

Getting a part-time job is one good way to boost money received as monthly benefit from the Social Security Administration. If money from these sources are still not enough for meeting loan payments and other pressing needs, there is a financial solution called equity release. However, this is basically a type of loan that is available to homeowners who are at least 55 years old.

Lessen Retirement Worries by Making Your Real Property Work for You via Equity Release

Equity release is similar to a real estate mortgage because a borrower can obtain extra money using one’s real property as collateral. Yet unlike a regular loan against property, borrowing under an equity release arrangement will not require monthly payments of principal and interest.

It is like receiving tax-free money ahead of the future sale of a property, while living in it during the remaining best years of one’s life.

Under an equity release arrangement, the total amount due becomes payable upon the senior adult’s demise; or once he or she has reached a health condition that requires long-term admittance to a nursing home. The benefit here is that by that time, and under normal conditions, the property would have appreciated in value.

Once the property goes up for sale as a means to settle the money borrowed, a residual value may still be available to the borrower’s beneficiaries.

Actually there are different types of borrowings under an equity release arrangement. The most common is the “Lifetime Mortgage,” to which the terms and conditions are standard. What is important is to make sure that a “no-negative equity guarantee” is incorporated into the loan agreement. That way, beneficiaries left behind by the borrower will not be saddled with an unpaid debt.

The first step though is to find out how much you can take out as equity borrowing on your property. You can go about this by using an online equity release calculator, which will do the computing for you. The calculator factors in your present age and the current fair market value of your property. You can use this tool in determining how much you can take out as equity on your property when comparing different borrowing options.

What School hasn’t Taught You is what would Push You in Life

School may have taught us a lot of things but it’s unfortunate that among the subjects we studied, personal finance isn’t one of them. The lack of foundation to financial education has left young adults clueless on how to properly manage their money, apply for credit and how they will stay or get out of debt.

If you want to get control of your finances, then now is the high time to get it done. In this article, we have compiled tips that would serve as the four pillars of your financial management.

It’s all in Self-Control

Well if you are lucky, your parents might have taught you vital skills during your childhood. Otherwise, the sooner you learn delayed gratification, the faster you find it easier to manage your finances. Even though you can buy an item effortlessly on credit the moment that you wanted it, it is best that you wait until you have saved enough money.

If you developed a habit of buying stuff via credit cards, regardless if you can pay for the full bill at the end of the month, you may still wind up paying for these items in 10 years. On the other hand, if you want to keep using your credit cards for the rewards it offer or just the convenience factor, then be sure to pay your outstanding balance in full as soon as your bill arrives.

Note: Do not carry more credit cards than what you can track.

Say you need to take out a loan from https://www.californiatitleloans.org/, then make sure that you use it correctly.

Have Control of Your Financial Future

Keep in mind, rather than relying on other people’s advice regarding your finances, it is best that you take charge and read couple of books regarding personal finance. Once you have equipped yourself with financial knowledge, never let anyone to catch you off guard. Having understanding of how money works is your first step towards financial freedom and making money work for you.

Where does Your Money Goes?

If you have read finance books, then it would not be long to realize to ensure that your expenses are not exceeding your income. Budgeting is the best way to get around your finances. After seeing how your coffee is adding up throughout the course of the month, it will be soon to hit you that you can make huge savings by skipping on it. This is without a doubt has a huge impact to your financial situation.

Back again with the principle of delayed gratification, you may not be living in a posh or fancy apartment today, but you can save enough to afford a beautiful and nice house or condo before you know it.

Saving And How it Can Be Done Early in Life

Saving is a common misconception as something that should and can be done when you are already at age and needs a life with financial stability. But, the secret often not told to us is that saving is best done early in life when you don’t have much to spend on or invest in. Truthfully saving is best done at the time when there is no need to save. Either you save up huge or not, early savings is always a good ground to start with later on in life. Consequently, whether or not money is just given to you or earned in here and there jobs, it is always a good move to start thinking big in saving, because everyone knows how it can help in times of adulting.

Two Steps To Saving Early

When you are still young you tend to belittle the need to save because priorities are not yet arising, you are more into buying that overpriced coffee, random jeans or things that really don’t make the cut as essentials. For most, in the early year of life money is not yet something to be earned in a hard way so spending it is easier than some. To start the saving game on, it is best to have a clear vision of your fixed buys. Knowing the things that you should just spend on on a monthly basis can make a great change on how you spend your money. Budgeting your money, where it will be spent, and how much will be spent on what together with strictly following the budgeting plan is the initial step in saving and probably the hardest to develop.

The next thing which can make for a good support in the former step is actually getting to know yourself. Poor business credit may come later on, but it is best first to know how you manage your money, your expenses, which strategies work for you, how much you make, and how consistent is your income flow to generate your money properly. No two things are alike for every person, and as said earlier some may earn money in an easier way and most do not. So knowing yourself and most especially your lifestyle well, will give you a clearer picture on how you will budget your finances and how efficiently can you save up.

Financial Discipline: Efficiently Managing Your Loans

In a world that is perfect, everybody would have sufficient and even an overflow of money for each and every needs and wants. In reality, however, a lot of are financially constrained that the only option to augment finances is to take out a loan, such as those provided by American Pride Legal Funding.

Efficiently Managing Your Loans

Many would think taking out a loan is not a good thing. However, not every debt is damaging. When loans are utilized for the proper reasons as well as responsibly and sensibly managed, a personal loan could aid in fulfilling your short-term goals, for example revamping your home, paying for travel expenses, or financing the education of your children.

Conversely, foolishly utilizing personal loans and failing to make prompt loan payments or defaulting on payments could get you into grave financial troubles and distresses. For instance, aside from getting submerged in debt, it could also harm your credit history making it tough for you to be eligible for future loans.

If you have been approved for a loan, here are some tips to manage and control your debt as well as ways to accelerate the process of lessening your debt.

Monitor Your Credit

Any person who takes out a loan must monitor their credit. In actuality, there are a lot of individuals who don’t have knowledge about their credit score. Your credit report actually reflects your debt habits. If you have numerous loans as well as accounts, there is a need for you to be knowledgeable about just how this debt load impacts your credit score. The manner of how you manage your debt has an effect on the rating of your credit. This is crucial since looking after your credit could qualify you for inexpensive loans or could give you a breathing space to cut the interest rates of your loan. If you would like to pay off your loans the soonest possible time, ensure having a satisfactory credit history as it may better your chances of getting lower rates.

Manage Your Debt

Prior to pursuing credit counseling or falling back on companies for debt settlement, see to it that you do everything that you could to personally handle your issues regarding your debt. It is cheaper and you will surely learn from it. Financial self-control is key. While you have an existing debt, it is imperative that you don’t get a new debt. Refrain from spending too much on unnecessary things or make an effort to earn more so as to pay your bills. If you actually are going through financial struggles, seek the help of your the local or state government as they have financial programs intended to help out families with low income or those struggling to make ends meet.

Other things you could do:

  • Consolidate your debts
  • Be punctual with your payments
  • Pay higher than what’s due every month

 

 

Why Trump’s Policy Advisers are Uneasy with China’s Devaluation of the Yuan

The escalation of the U.S. China trade war to a new level has pushed China’s yuan currency to its lowest point, causing uneasiness among Trump’s policy makers and trade advisers, calling Beijing a currency manipulator.

 

 

 

That is mainly because Trump’s 10% tariff, if it forges ahead, will be imposed on Chinese imports that will yield less than the amount expected as tax revenues… Chinese goods will become even more affordable, to which U.S. consumers will hardly feel the brunt of buying China-made products.

A lower US Dollar to Chinese Yuan exchange rate technically offsets the effect of the tariffs imposed on China goods. This will encourage more buying of China-made goods not only in the U.S. but throughout the globe as well. China on the other hand, made a previous move to suspend all procurements of all goods coming from the U.S. A move that protects China from trading at higher costs in light of the higher exchange value when converting Chinese yuan to the U.S. dollar.

It is a move that is generally frowned upon because it results to unfair trading advantage on a global scale.

Why is Manipulation of Currency Possible for China?

Unlike currencies used for trading by other countries, the Chinese yuan is not freely traded, to which the Chinese government has the power to limit the yuan’s movement against global currencies. Such being the case, the seat of power in Beijing can order the devaluation of the yuan versus the U.S. dollar.

 

 

The People’s Bank of China (PBOC) which is not an independent government sector was apparently ordered to devalue the yuan as a trade protection measure against Trump’s impending tariff increase effective September 01, 2019 onwards

Julian Evans-Pritchard, the Capital Economics Senior China Economist said that by devaluing the yuan amidst Trump’s latest ‘s tariff threats, the Chinese government through the PBOC has “effectively weaponised the exchange rate, even if direct intervention is not proactively weakening the Chinese currency.”

Peter Navarro, Trump’s trade advisor is voicing a warning that the U.S. intends to act forcefully by taking strong actions against Beijing; but without specifically stating what the strong actions will be.

 

After echoing similar promises made by Trump to U.S. farmers, and foretelling that China’s economy will suffer more, Navarro eventually said that the White House will again call back Chinese negotiators to the U.S. for another round of trade talks.

Taking Control of Your Loan Application Approval

Being able to navigate with financial crises is extremely difficult, more so if you’ve bad credit rating. This is because of the reason that it gives you a low chance of having access to conventional loans from financial institutions as well as banks.

Well, even though you’re “lucky” to locate a lender that would lend you money, this would mean that you’ll likely pay for higher interests.

And if you are not careful in managing your finances and pay the lender on time, it can just increase your debt profile.

In this post, it’s more leaned on exposing you to how you can get higher approval when filing for a loan. The best part, you can do so regardless of your credit rating. Therefore, if you have bad credit loan and seek to get fast approval, then you better keep on reading.

First Stop, Finding the Lender

First and foremost, you have to find the right lender that suits your requirements. Take note as well that there are specialized lenders that cater for specific loan applications such as:

  • Small Business Loans
  • Cooperatives
  • Payday Loans and;
  • Health Loans

These types of lenders won’t be glossing too much onto your current credit rating. Rather, they’ll be focusing more on your plan of repaying the loan.

On the other hand, for you to acquire the best deal and also, complete list of available options, you need to look for all places available both offline and online. Check out online sources, community lenders and local pawn shops. As much as possible, exhume your resources and take time to understand their requirements and figure out whether or not you could meet it.

What about Personal Loans?

Personal loans such as Zebra loans are taken when you have no collateral to use in securing the loan. The difference with personal loans and other types of loans is that, you’ll be forced to pay higher interests since there’s no asset secured to the loan.

If you are not comfortable with personal loans, don’t worry, there’s another option you could try in form of payday loans. In the event that you have a steady stream of income but has bad credit, then taking payday loans would be a nice option. This is the type of loan that’s given based on your income on a monthly basis and has to be paid back by the time your next salary comes. Hence, the name “payday loan”.

Financial Planners aren’t just for the Wealthy

If given the financial freedom, where would you invest it first, in mutual funds or in an investment vehicle? Now, before you make a response to that question, you must know that it is imperative to have a decent amount of knowledge as well as understanding on how you can invest and manage your portfolio.

It’s not a gigantic task to invest and monitor the progress of your portfolio however, if you are lacking of the fundamental skills and information for investing, then it shouldn’t be in your best interests. In an effort to counteract these challenges and hurdles along the way, it is highly recommended to work with an experienced financial advisor who can provide you with handsome finances. They can do so by applying all their experiences and teaching you the best tradelines for sale to boost your net wort and a lot more.

Financial Advisors for Your Financial Freedom

Financial advisors don’t just have a plethora of schemes to offer but also, they are the ones who hold the secret to navigating clients in best path. Because there are so many equity schemes that gets in the way, it is your advisor’s responsibility to weigh the performance of a particular scheme.

While doing so, they make sure that it is meeting the financial goals of their investors or clients.

Apart from facilitating investors in making understanding or selection that meet their specific requirements, the advisor has another part to fulfill. This is being a counselor. Due to the reason that investors have made his/her mind to grow their assets and make the best from it, the financial advisor ought to make it a commitment to counsel the investor until the financial goals have been met.

It’s Okay to do it Your Own, but it’s Better to have someone at Your Back

But for clients, you ought to know that these professionals aren’t limiting their responsibilities in assisting clients to make the correct financial decisions. They are still taking into mind the main purpose of investing. Let’s face it, choosing to choose from various mutual fund structures were never easy. Not to mention, you have to keep track of every transaction together with the details associated to it. Luckily for you, all of these things are being handled and managed by a financial advisor. Of course, this is assuming that you hire their services.

Trying to figure things out on your own is fine. But wouldn’t it be better if there’s someone who is guiding you in each step of the process?

Strategies that can Jumpstart Your Cryptocurrency Trading

When compared to FOREX and stock markets, cryptocurrency market is in a different realm. It moves so fast and oftentimes, it experiences variance throughout the day. Given that it is volatile, it is feasible to make out-of-this-world gains after making few trades.

If you are studying and watching the market, then you probably have heard of the phrase 10 percent of traders win and 90 percent loses their money. The truth is, it’s been estimated that around 96 percent of traders are losing their money and eventually, quit in the platform.

So if the 96 percent of cryptocurrency traders are losing money, then what do the remaining 4 percent is doing to make profits?

The answer is quite simple and straightforward actually. They are using GladAge to make trades and take advantage of its robots.

Of course apart from that, these trades are refraining from making any sort of mistakes which are notorious for causing traders serious sum of money. And today, we are going to take a quick look of what are these mistakes are.

Being able to learn how to use varieties of indicators is only among the vital points on any newbie traders have to do. On the other hand, it’s a reality as well to get lost easily between the countless indicators available. There are SMAs, EMAs, MACD, RSI and countless more to choose from. A common mistake traders make is thinking that you have to thoroughly understand everything before you start making profits with your trades.

Swimming Against the Tide

Despite the fact that more advanced and experienced traders can profit by not following the market trend of an asset, beginners are going to face a tough time in doing the same. When the entire market is in downtrend, this tends to have a profitable trading opportunity to flee. It is something that demands experience and keen attention to details that seasoned traders have.

Test the Waters

Being a trader, it is critical to test the strategy you’ve devised. It is your main weapon in the first place. While it is easier to make profits in bull market, profiting in bear one is more challenging and demands stringent rules. One of the simplest and biggest mistakes that you can avoid is blindly following the strategy despite of not having idea how to apply it or how it actually works.

Getting the Best Deals from a Mortgage Broker

Being able to find pleasing rates all start in finding the leading lenders for your current financial situation. You have to be feed your mind with the pros and cons of different lenders and also, how you can find the right mortgage broker for your needs.

Prioritizing Research of Your Rates and Options

Mortgage brokers are offering loans to provide financial assistance with home purchase. The lender is going to evaluate and review your current financial status and of course, your ability to repay. This is performed in order to determine whether you meet underwriting standards. After doing so, they will be discussing you with varieties of loan products suited for your financial state that has varying terms and interests.

One of the major goals for the buyers is finding the best loan terms and lowest interests.

Locking in low interests is crucial but the lender you’ve chosen will make a massive impact to your overall mortgage experience.

Evaluate the Lender You’re Talking to

Among retail banks, local banks, credit unions as well as online mortgage lenders like Lainaa Heti borrowers are given with more options than before. So when searching for your loan options, you have to be patient and jot down notes.

Let’s talk about each option you have.

  • Local Banks – small mortgage lenders typically offer the same loan products much like with bigger banks. You can enjoy a one-on-one and more familiar experience with your local bank. Throughout the process, your local loan underwriters remain your POC or Point of Contact.
  • Big Banks – national banks have already written countless of mortgages throughout the years. This can give confidence that you are dealing with an established and credible institution. The good news, they are more capable of offering competitive interests. The biggest trade-off between the two however is the type of service you’ll get.
  • Online – the online mortgage lenders are offering lower mortgage fees and rates and convenience of course. Lacking of physical location allows them to pass the savings they make to their clients. While huge savings are totally appealing and eye-catching to customers, there’s a risk that online lenders lack of support. But so long as you’ve done your research on which lender to work on with, this is something that you should not be worried about.

Who is Warren Buffett and 12 Important Buffett Business Rules to Live By

Warren Buffett as known to many is the American business tycoon and investor who went through several depressions, stock market crashes and transition to computerization, whilst maintaining formidable ranking as top 3 man in Forbes list of billionaires.

 

Albeit the son of a Congressman, his story as a successful investor was mostly examples of pure determination, perseverance and sensible decisions. At a young age of eleven, he started his stock investment venture by buying three (3) preferred shares of stocks issued by Cities Services, an oil and gas company. He worked as a paper boy at the age of 13 and went on in his teenage years working on different odd jobs and venturing into small trading and selling ventures.

At age 19, he earned a Bachelor of Science in Business Administration degree from the University of Nebraska. At that time, the young stock investor and entrepreneur had amassed savings of $9,800 all on his own. Not satisfied with a mere college diploma, the young man from Nebraska, continued acquiring knowledge by earning a Master of Science in Economics at Columbia University’s Business School.

The succeeding years saw Warren Buffett working as an investment salesman, as securities analyst, partner to different business ventures, and by 1962 became a millionaire. In 1966, he came to claim ownership of a textile company called Berkshire Hathaway, which he later developed into a multinational conglomerate company that owns large holdings in major business organizations such as Duracell, Dairy Queen, GEICO, Fruit of the Loom, and Heizberg Diamonds, just to name a few.

As the turns of Warren Buffett’s history have it, he now ranks as third in  Forbes’ list of Richest Persons in the World, next to eCommerce giant Jeff Bezos and tech wizard Bill Gates,

Consider this, Warren Buffett now aged 88, is worth $82.5 billion by being an old school business tycoon who had spent nearly all his years in productive work and business ventures, whilst weathering all economic challenges.

Yet according to the multi-billionaire, his success was not purely business acumen. He firmly believes that success also came by adhering to iron-clad rules that he had set for himself and those who partnered with him, as well as those who worked for him.

 

 

Iron-Clad Warren Buffett Rules to Live By

  1. Do not allow yourself to be undisciplined even on small things, you’d probably let yourself be undisciplined on larger things as well.
  2. Do not lose money, big or small, which explains why Warren Buffett is not inclined to make or accept bets no matter how trivial.
  3. Buy stocks only on well-managed companies that yield recurring streams of revenue. More importantly, buy them when they are low and hold them for long term.
  4. Never be part of the herd, but be one who sticks to his buying and selling principles, especially if stock prices are climbing unreasonably high.
  5. Engage in work that you love and have a passion for, in order to increase your chances of succeeding or advancing in your career
  6. Remain calm even when under pressure to avoid making irrational and emotional decisions not only in business but life in general.
  7. Never compromise your integrity as a person.
  8. Never quit with the learning process; keep on reading and staying on top of current news. Education continues even after graduating from college and landing a job.
  9. Develop and polish your communication skills, as poor ability to communicate can pose as a roadblock to success.
  10. Be in the company of the right people; as much as possible surround yourself with people who you deem, are better than you.
  11. Stay focused on everything you do by learning how to drown out noise.
  12. Keep your spending impulses in check to avoid overspending.

Smarter Ways of Spending Your Money

Does it ever happen to you when you badly need cash and it happens that your wallet is empty? This puts anyone in a frustrating and stressful situation.

Regardless of how big or little money you have, spending smartly is always a good idea.

This allows you to make the most out of your finances.

By following the tips that are discussed in this article, you won’t just be able to reduce your expenditures but also, you’ll learn how to adopt safer overall approach when shopping. If you are ready for a whole new method of spending, then it’s strongly recommended that you read the entire content of this article.

Tip number 1. Make a Budget

Monitor both your income and spending. This will play a vital role in having accurate view of how your finances go at the moment. It will be wise as well to write down your expenses in a notebook and save receipts of items you buy. Then at the end of each month, review it all and get the total of your expenses. Once done, check where you can reduce or make adjustments.

Tip number 2. Plan Purchases ahead of Time

Impulsive decisions when shopping or buying can easily balloon your overall expenditures. Luckily, there is a simple way of preventing this from happening. You can write down whatever you need to purchase while at home and you are at your right mind.

Tip number 3. Shop Alone

Friends who are fond of shopping, children or even just a close friend whose preference you respect influences yours can also add to your expenses at the end of your shopping. Thus, if you know that you are easily influenced by other people’s decision, better do the shopping alone.

Tip number 4. Pay in Cash and in Full

Debit and credit cards can effortlessly increase your spending for a couple of reason for one, it gives you more money to spend than what you really can and since no visible money is on hand, it does not register as if you made a real purchase. Likewise, utilizing delayed payment scheme would make it difficult to realize how much you are spending on a daily or monthly basis. Besides, if you bring this to Tucson accounting services, they will suggest to refrain from using such, unless it is an urgent matter.

Tip number 5. Think beyond Marketing

Outside influences are big factor that affects how we spend our hard earned money. So be watchful and aware of all reasons why you are drawn to the product and not just base everything on the marketing associated to it.

What You Need To Know About Bitcoin Loans

Will you take the chance to get a loan in this unpredictable currency for such low-interest rates and without the need for credit requirements?

Just like everything else around Bitcoin, using this cryptocurrency to get a loan is not the same as financing loans in dollars. The interest rate tends to be low, and your credit standing doesn’t really make a difference, the money emanates from individuals and not from financial institutions. But taking a loan against bitcoin is also riskier. Learn more about bitcoins through pheeva.com.

Bitcoins, How They Work?

To better understand how loans via Bitcoins work, you have to really know what Bitcoin is. Bitcoin is entirely on the web. It is decentralized and no specific organizations, individuals or countries have control over it. This enables Bitcoin owners to trade with each other with no participation of third parties just like banking institutions.

Transaction records are published in an electronic ledger known as blockchain that virtually anyone can see. Blockchain depends on multiple anonymous computers, referred to as miners, to confirm the legitimacy of each transaction prior to joining the blockchain to avoid fraudulence. Blockchain is distributed to all users of bitcoin as opposed to it staying in one server. This is to avoid hackers from penetrating the blockchain system.

How Do Bitcoin Loans Work?

At a basic level, a Bitcoin loan works like a traditional term loan. You borrow money and pay it back with interest and fees for an established time period. You can actually pay by set installment or at one-time payment. This really depends on the lender and your choice. Short term Bitcoin Loans and Bitcoin lines of credit is also available for borrowers.

This is the end of most similarities. Since Bitcoin is not associated with virtually any central authorities or banking organization, your standard Bitcoin loan will come from other users of Bitcoin. You will likewise have to charge any commission for the current exchange rate to your fee.

The simplest method to obtain a Bitcoin loan is usually to link the investor (lender) to the borrower by using a peer-to-peer system, generally for a price. You will first need to open an account and wait for it to be verified in order to connect to potential lenders.

Bitcoin Lenders

Bitcoin lenders do not depend on standard methods of assessing your credit standing, including your credit rating. Rather, the system offers you a trust rating depending on how much they are able to validate your identification and credit history – at times known as credit rating or standing. To obtain a high level of trust, you may be required to submit a lot of documentation.

After verifying your account, you generally have to choose a loan type and then fill out an application form and submit. You potentially can receive a loan offer within a few hours and get funding at the moment you accept the offer.

Robo-Advisors: Poised to Change the Future of Investment Management

Automation is fast invading the field of investment management. Artificial intelligence called Robo-Advisors are now offering cloud-based, computer-aided investment recommendations tailor fit to the wealth, risk tolerance and time span of an investor.

Operating online as financial management service providers, Robo-Advisors use a set of rules or computer algorithms, in determining the most appropriate product for a client. Its most noteworthy benefit are fees that are substantially lower than those charged by human wealth-management advisors.

Computer algorithms though depend on the business model set down by a Robo-Advisor.

Examples of Robo-Advisor Business Models

Robo-advisor services currently available to choose online, come in different business models but have common business traits. They all use advanced and sophisticated computer technology following a set of algorithms in offering auto investment platforms; usually involving Exchange Traded Funds (ETFs) such as stocks, bonds and other marketable commodities.

The fees charged are minimal, whilst the investment portfolio recommended are bespoke to a particular type of investment venturer; i.e. newbies, moneyed individuals, entities, or even human-based financial service companies. Communication with clients are generally coursed through emails, video chats or phones, instead of the conventional face-to-face approach practiced by human financial investment handlers.

A Robo-Advisor may have a business-to business model (B2B), therefore offering investment platforms to financial advisers seeking for appropriate investment products they intend to recommend to their own set of clientele.

Some others offer hybrid services of furnishing automated investment platform and of giving access to highly trained financial consultants. This model affords wealthier investors the automated investment tools, options and human insights that will empower them to manage financial assets on their own, using a single automated platform.

In not limiting the availability of cloud-based automated investment platforms to wealthier investors, there are online Robo-Advisors centered on offering goal-based investment services to newbies or beginner venturers. This business model do not require a minimum investment amount. Its investment portfolio is built in ways that minimize taxes on earnings, and are tailor fit based on investor’s account fund, and on information individually submitted as answers to a set of personalized questionnaires.

What is a Fixed or Variable Interest Rate Loans?

In a financial setup, particularly when taking out a loan or giving out a loan, it’s important to understand the types of interest rate that is placed on top of your loan. While there are other forms of interest rates, there are two common types of loans used when taking out a loan, whether it be a mortgage loan, a personal loan, or even on quick loans – the variable interest rate and the fixed interest rate.

A variable rate loan is a type of loan where the interest rate of the outstanding balance changes as the market interest rate changes. Therefore, your payment will differ too when payment is combined with the principal of the loan

A fixed-rate loan is a loan that maintains a fixed interest rate over the life of the loan, regardless of market interest rates. This will cause payments to remain precisely the same for the whole period. Regardless of a fixed-rate financial loan or a variable loan will rely on the current interest rate at the time the loan is withdrawn and also on the term of the loan.

A loan with a fixed interest rate for its entire period means it maintains the current interest rate of the market at the time the loan was taken out plus or minus the specific spread of the borrower. In general, if the interest rate is relatively low however is almost going to increase, it is most beneficial to secure your financial loan at a fixed rate of interest. In accordance with the terms of your agreement, even if the interest rate rises to a higher level, your interest rate on the new loan will remain unchanged. In contrast, if the rate of interest is in a downward movement, then it is most beneficial to take on a variable-rate loan. This means that your interest rate will be reduced as the interest rate in the market also declines.

Which is a better interest rate? Fixed or Variable?

This conversation is basic, however, the reason will never turn into an even more difficult scenario. Research uncovered that as time passes, the borrower will probably pay a smaller interest in total having a variable interest rate loan compared to a fixed interest rate loan. Nevertheless, traditional trends are not always a measure of potential results. The borrower should also look into the amortization length of the loan. If the amortization of the loan is longer, there is a greater effect on the loan’s interest rate and the payments made.

As a result, in the context of falling interest rates, adjustable-rate mortgages (ARM) are good for borrowers, nevertheless, when interest rates surge, home loan repayments will spike dramatically. Make use of tools such as a Mortgage Calculator to calculate how your total mortgage amount will vary with respect to the type of mortgage you decide on.

Compound Interest: When and How It Works to Your Advantage or Disadvantage

Compound interest is touted as one investment element that rich people harness to keep their money growing. Instead of investing all excess or idle money into a new business venture, funds are placed on investment tools that have greater potential to grow by way of interests.

Once money earned as interest becomes new cash fund, it can simply be allowed to stay and form part of the original investment. The entire amount will then rollover as new investment. The invested amount now constitutes the original principal, plus the interest earned by that principal. Basically, interest is compounded, since money earned as interest will also earn as new investment.

Ideally, that is how compounded interest works if all conditions favorable to your investment are present.

Keep in mind though that investing in tools like shares of stocks, bonds, mutual funds and bank products such as time deposits or money market accounts, include risks that are dependent on current conditions. Putting all monies in a single investment tool exposes the entire fund to potential risks. That being the case, it is also important to know the degree of risks involved as well to keep abreast of conditions that could adversely impact an investment.

Compound Interests Can Also Increase Credit Expenditures

Have an awareness that purchasing by way of credit cards increases actual costs of the commodities purchased. Credit card companies make a profit by collecting interest on every amount paid for and in behalf of a credit cardholder. If a particular purchase is not settled on the due date, the interest on that particular purchase is then compounded.

Although credit card companies may seem to give some leeway for settling a credit card debt by recommending a minimum amount of payment, be in the know that this does not work to a cardholder’s advantage.

Minimum monthly payments usually apply as payment of the current interest due on an outstanding credit card debt. This denotes that the principal amount plus any unpaid compounded interests are not reduced; but instead, they remain subject to collection of past due interests and other penalty charges.

Continuing to purchase via credit cards and paying minimum amounts therefore increases the principal balance on which interests are compounded.

The worst part is that even if a cardholder increases his or her payment with an aim to reduce the principal, the money paid will first apply as payment of default charges, past due interests and the interest on principal. As a result, only a fraction of the amount paid will reduce the principal balance.

Increase Your Finances Through Affiliate Marketing

If you like the concept of earning money from helping out other individuals make money, in that case affiliate marketing might appeal and be of great interest to you. This has the potential to multiply your earnings since there are numerous sources to affiliate marketing schemes, guides as well as reviews, such as hustlelife.net, to get you started.

What is Affiliate Marketing?

Affiliate marketing is a marketing or advertising paradigm where a business or company compensates third-party promoters or publishers to produce leads or traffic to the products, offers, and service of the company. These third-party publishers are called affiliates and the incentives in the form of a commission fee moves them to look for operational approaches to promote and market the company.

With the digital and internet age, affiliate marketing has risen in prominence and has become one of the most popular structures for monetizing the content of a website. Moreover, it is a very effective and operative method on digital marketing that could prove to be valuable and favorable to every party involved. Booming affiliate marketing tactics comprise at best three parties: Advertisers, publishers and the consumers.

  1. Advertisers are individuals or companies that promote and market their websites, products, services or content utilizing the affiliate marketing plans.
  2. Publishers are those who promote the websites, products, services, offers or content of advertisers for subscriptions or commissions.
  3. Consumers are the internet goers and users who regularly look through websites and are likely to click on affiliate ads or links.

Benefits of Affiliate Marketing to Advertiser, Publishers and Consumers

Because affiliate marketing is now incredibly popular amongst publishers of web content, affiliate marketing experts tend to fail to point out the pluses this marketing model establishes for advertisers, publishers as well as consumers.

Advertisers

Advertisers have to allot part of their incomes to affiliates as well as affiliate networks. Nonetheless, this marketing model makes up for these expenses without difficulty. These advantages include:

  • Acquiring customers is cost-effective since advertisers merely compensate leads that consequently turn into their customers.
  • Network and affiliate fees typically have a fixed cost and these could easily be included to the price of the product.
  • Affiliate marketing ensures high listings on search engine which generates better visibility of your brand.
  • Affiliate marketing closely target prospects. A lot of prospects who click on the advertisement won’t make a purchase on the website of the advertisers; however they will still go through the sales funnel. Because affiliates simply choose relevant advertisements, every prospect that enter through the affiliate link epitomize the targeted prospects or audience of the.

Publishers

Publishers either make use of affiliate marketing as a kind of passive income or as a major income source that has the potential to bring in a hefty amount of cash weekly.

  • Affiliate marketing doesn’t necessitate any kind of initial investments from their affiliates or any operating cost to start, therefore risks are eliminated.
  • Because consumers could access the internet at any time of the day, websites and blogs are likewise visible 24/7, hence publisher, even while asleep or on vacation, could earn an income

Consumers

The revenue or income of both the advertisers and publishers are reliant on the web visitors and consumers.

  • Webmasters and bloggers, particularly those who have already formed an online presence, promote products and services that they have actually and personally used which they find effective. Therefore, consumers are given good recommendations.
  • Numerous affiliates put together special pages for pre-sale wherein an abundance of information regarding the products as well as high quality pictures are contained to give consumers something to look forward to.
  • Since affiliates share enough of relevant material on their sales pages, they could offer special price cut codes to their website visitors as well, reliant on their rapport with the advertiser.

Oil Prices – How Low is Low?

Thanks to oil producing countries in Middle East, particularly Saudi Arabia, the production of oil has pushed through an all-time high of 50 dollars per barrel. It’s the lowest it has reached since 2017.  US President Donald Trump hailed this drop, which is a huge decrease of 32% from its most recent peak.

On the other hand, despite lower gas prices, this drop is not likely to return net gain for US economy. According to experts…

“Where some made gains from the lower oil prices, some are losing on the other end.”

How much do US Depend on Imported Oil?

These days, US is more independent in terms of energy than it were for the past decade. To date, net petroleum imports have gone down 14% of total US consumption of petrol from 60% in 2005. The IEA or International Energy Agency firmly believes that the US will soon start exporting oil than importing it. This is from the first time the country has done so in the 50s, which can mark stark reversal.

In midyear of the New Millennium, a technique called hydraulic fracturing was introduced and used by different countries, which can be seen in WOT. This is a process to which liquid is injected into the ground at very high pressure in order to loosen oil reserves. As a result, it becomes economically viable and easier to pump crude oil even from shale deposits.

With the rise of new technology as well as increasing oil prices globally, allowed wells in North Dakota and Texas has expanded operations resulting to the demand of various professionals including truck drivers, diesel mechanics and anyone who are involved in oil production. And not to mention, all these jobs have high pay grade.

As a matter of fact, there are around 1.7 million jobs that have been opened and created due to fracking. This is in accordance to the data provided by US Chamber of Commerce. However, the study is also attributed to the increased perils and threats of water contamination and earthquakes.

Should we Go Low or High? It should be Somewhere in the Middle

The increased domestic production indicates as well that several parts of US economy become exposed than they’re used to when prices start to fall. The lower oil prices obviously mean that there’s less revenue. This can potentially result to reduced capital expenditures and layoffs. Grocery stores, restaurants and hosts of ancillary businesses that are relying on oil industry workers might lose the moment when producers pulled back.

While oil prices are threatening certain US regions, the country’s economy as a whole is still cushioned from worst case scenarios. It’s a big thanks to vast diversification that the country has. The lower prices of one barrel of oil indicates lower costs as well as improved margins among businesses which utilize big volumes of it – think of freight and shipment companies.

General Rule to be Remembered Regarding Payday Advances

More often than not, payday lender receives a negative impression from the public. This is because people see them to be taking advantage of the financial challenges that applicants have and give high interests loan on a short term basis. But for those who are in need of payday advances, taking out such loan is the last resort for their predicament.

What Exactly are Payday Loans or Advances?

Technically, payday loan is small amount loan borrowed to be returned for short timeframe. Oftentimes, they’re paid on the next paycheck, hence the name.

A lot of people are taking advantage of payday loans contrary to popular belief.

This is to assist them in meeting financial setbacks like lacking of funds to pay for utility bills or if there’s an emergency to be addressed such as medical bill, car repair and whatnot.

A common period for this loan is 14 days with a limit of typically 500 dollars or less. However, there are lenders that are allowing applicants to loan to as much as 1,000 dollars. What truly makes this loan attractive is that, applicants do not necessarily need to have good credit rating to become qualified. On the other hand, you must know that this shouldn’t be used as a long term financial solution.

You must know that you’ll be charged with high refinancing fee that keeps accumulating month after month if you fail to repay the loan on the agreed date. If this is not addressed immediately, it will cause negative remark on your financial rating.

Who are the Candidates for Payday Loans?

Your credit score is never an issue when you apply for payday loan. However, there are other qualifications that must be met to be able to get an approval. Here are the basic requirements you must meet:

  • Be a resident of the state where the payday loan is offered
  • Submit proof that you have steady cash flow (job, alimony or other sources of income)
  • Provide bank account information and Social Security Number and;
  • Be of legal age (varies on the state you live)

So long as you meet these requirements, you can apply for payday loan and get high chances of approval.

Trading Bitcoin for Additional Daily, Weekly or Monthly Cash Flow

Bitcoins are the latest craze in digital currency and many investors and traders alike jumped in the bandwagon. Fact is, any exchange market trades Bitcoins or BTC. However, before you started doing so, let me remind you that it is quite a risk. Yes it is true that you can earn big sum of money in the process but, if you are being careless and mindless with your decisions, you can actually lose twice as much of your potential earnings. Thus, it is imperative to be cautious before making your next steps.

BTC is Synonymous to Real Money

To give you a better idea about BTC, it is actually a currency like real money but in digital form. It can be saved, invested on and spent. Cryptocurrencies has once circulated the market and huge interests of people have paved way for the rise of Bitcoin.

This trend started way back in 2009 by an anonymous person with a handle of “Satoshi Nakamoto”. Since then, BTC gained track and from the starting rate of just $2, it jumped quickly to $266. This had happened in just a short span of time from February to April.

A process called mining is used to generate Bitcoin which uses powerful and complex computer algorithms otherwise known as Blocks.

Three Ways of Generating Bitcoins

The moment when a block is decrypted, you are rewarded with 50 BTC. Normally, solving single problem is time consuming process, potentially it can take you a year or more. Don’t worry if you are not mathematically gifted. There are many other methods of getting BTCs. You will learn more about this as you read on.

  1. First is by directly buying BTCs where you simply exchange physical money for it much like any other normal transactions. It’s straightforward.
  2. Another way of having BTCs is by becoming a player in BTC market. A clear-cut way is to purchase a dedicated computer, install mining software and begin decrypting blocks. While this process is fairly easy, be ready for its turtle-like progress.
  3. You can go right to the market and find dependable and trustworthy Bitcoin exchanges. But before you make BTCs, you first have to sign up and create an account. This keeps you updated with all working and hottest Bitcoin stocks. You may trade BTCs at any trading platform online. If you want to learn more about this approach, you may simply visit http://vipsignals.trade.

There are many opportunities in getting Bitcoins. However, it’s best that you allot time understanding it first to really make the most of what you’re doing.