Jun 28

Who’s The Worst Enemy To Your Financial Well-Being

Look in the mirror. You are your own worst enemy when it comes to your financial well-being. Not the market, not the economy, but you. Luckily, you can avoid doing damage if you pay attention to the three personal aspects that are most likely to hurt your finances: your health, your longevity, and your subjectivity.

Your health: If your health changes, you could have big expenses. Medicare does cover most issues, but not all. “Medicare generally doesn’t pay for long-term care,” notes Medicare.gov. Long-term care is expensive. The average cost for dementia care in a skilled nursing facility (private room) is $92,000. And long-term care costs are rising. The Metlife Mature Market Institute’s recent annual survey of the cost of long-term care services found that provider costs rose far faster than the rate of inflation. How to mitigate this issue? Purchase long-term care insurance. Don’t plan to use your investments. They could go fast.

Your longevity: You could live a long time. You eat well, you take care of yourself, and you live right. You want to live a long and active life. In order to do that, your investments need to stay with you for up to 30 years past retirement, which can be a financial problem. Why? Over the last 100 years, we’ve had 33 bear markets. On average, that’s one every three years. God willing, you’ll live 30 years in your retirement; therefore you could have ten more bear markets in your life. Do the math. If you’re taking money out of your investments while living through ten bear markets, how long do you think your money is going to last? You need an exit strategy to protect yourself from the big downs, because it’s likely you’re going to live through ten of them.

Your subjectivity: You could make bad

Jun 27

Foundation To Personal Finance Planning And Achieving Financial Freedom

Even as you are generating wealth you need to find ways of cushioning yourself from losing your acquired riches. Personal finance planning is therefore a crucial element of managing your finances. It is essential to start early when it comes to managing your finances rather than waiting until you have become a millionaire. It is through organizing and budgeting in advance that will easy your way towards achieving financial freedom.

* Keep a record of all your expenditures. Apart from this helping you manage your finances it may come in handy when you need to do an audit of your financial progress in the future.

* An integral element of personal finance planning is negotiation. You should learn tactics of negotiation and hence get the best deals. In addition, realize that you will not succeed in all kinds of negotiation, you also have to be ready to let go and settle whenever things are not going your way. Therefore, this means you need to have tact and know when to seal a deal.

* It is advisable to delegate duties especially when you become overwhelmed with things to do. But try as much as you can not to trust others to sign your personal checks. In case you have no option and have to delegate, make sure the person you choose has shown true elements of trust over a long period of time. All said and done you are the one who is entirely responsible for your personal finance planning and management.

* Nothing in life is perfect hence you should never but your eggs in one basket. Proper personal finance planning calls for you to have several streams of income. Also remember to back up your financial documents. This you can achieve by involving your personal lawyer and keeping

Jun 27

Investment Planning – Why Kitchen Table Investing Makes Sense

Whatever your current situation, financial concerns have an impact on your life and relationships. That’s why smart investment planning will help you make the most of what you have now and help you have the financial peace you need for an enjoyable future. The opportunities are always there for any person who can save and invest. When it comes about managing, planning and investing your money this has always being a daunting experience for many, involving a complex maze of financial jargon, and an alphabet bouillabaisse of investment terms and colorful statistical pie charts which sometimes confuse more than inform. Sharing ideas about investment and what sensible investment strategies to pursue at the kitchen table can be a good start.

Technological Possibilities

With the technological revolution presented by Internet possibilities, there are virtual kitchen tables to help with the process of developing your personal financial plan and reaching your goals. Kitchen table planning can be quite necessary to help you with a personal spending and investing plan, which you can optimize to holistic financial planning with the right planning experts. Also, with the right planners you can begin the process of optimizing not only your investment strategy, but all pieces of your financial life; how much you earn, spend, save and invest. So kitchen table planning is a good to start you on addressing concerns related to your hard earned income. A sensible approach for all categories of individuals, including high-net-worth individuals as well as the millions of average investors-from new wage earners to single moms and dads to middle-age workers anticipating retirement-looking for easy-to-execute, money-making investment strategies.

Path to Financial Success

Kitchen table investment planning is a conventional process that combines financial planning with life planning. It lets you evaluate your current status and decide where you want to go. It helps highlight

Jun 27

Securing Your Financial Future

What Have We Learned From Madoff?

It has been a few years since the investment mogul, (Bernard Madoff), was caught in the midst of what has been stated as the largest and most elaborate Ponzi scheme to date. As a result of his demise, the world received an eye opening experience of the U.S. financial community. Now, more financial scams are finding their way into discovery because of the careful eye of the now informed consumer. Nonetheless, there are those who have not really caught on to what the signs are that indicate the possibility of a rip off.

There are underlying indications that, if they are not noticed, can lead the unaware investor down a path of great displeasure and loss. Whether you are a young investor or a soon to be retired person there are ways that financial advisers attempt to take advantage of an investor so they can earn more money. What is needed before entering into any type of agreement with a financial advisor or even an insurance agent is to ensure their credibility and their track record. Stating this means, just because someone has a series of letters behind their name does not mean they are what or who they say they are. In the case of a financial advisor, they should hold a registration with either the SEC, (Securities Exchange Commission), FINRA, (Financial Industry Regulatory Authority) or CFP, (Certified Financial Planner board), to name a few.

Questions to Raise

When dealing with an investment broker, advisor, or agent, how certain questions are answered can point out reasons not to work with those individuals. For instance, asking them what methods of compensation they work with, fee-based, or commission, as such if they outright refuse to discuss or even hurry through their explanation, this gives just cause to walk away

Jun 26

Poor Credit Rating Bank Account – A Solution For All Your Queries

Are you disturbed that you cannot open a bank account because of your bad credit status? Do not worry; here is an answer for all your queries. The poor credit rating bank account helps you to solve all your financial problems and to rebuild it in the fiscal market. With the assistance of these accounts it gets the individuals financial scores on the track.

Poor credit rating bank account not only assists the person to manage his monetary scores but even helps him in taking funds for his own requirements. As its name suggests this accounts are especially designed for people holding a poor credit history. Almost all the reputed financial institutions offer this account with no credit check and guaranteed acceptance. This means that people having credit problems such as arrears, IVA, CCJ, defaults or even bankruptcy can apply for such these accounts with no restrictions.

The eligibility criteria for bad credit bank accounts are set by the reputed banks and they are quite simple. Consecutively, to be eligible for such bank accounts the applicant has to provide two types of proves like the identity and address proof of the customer. As the applicant offers these proves he is asked to pay the fees for the opening account and its monthly fees. The applicant is not required to be disturbed due to the fees as the fees asked are reasonable. This account can be opened only by the citizens of UK.

These accounts provide all the basic banking facilities to the account holder. This accounts processes like the normal account and even offers the account holder all the basic services provided by the bank. This account provides the debit card as well as cheque book facility to withdraw the cash from the bank when required and also make payments

Jun 24

Personal Finance Software

Do you need to make better decisions about your personal finances? Do you struggle keeping track of your spending and investments? Personal finance software can provide you with a sophisticated suite of financial calculators and tools to take the worry and frustration out of managing your personal finances.

Let’s face it. Not everyone has the mindset or attitude of a bookkeeper or accountant. If you are not highly organized and disciplined managing your finances, investments and paying bills can become overwhelming and a very time-consuming task.

Personal finance software is easy to use and it can transform your financial situation by helping you gain control of your investments, budget, debt, spending and even help you identify immediate savings.
Here are just a few of the things that a good personal finance management software can do for you:

1. Categorization of all your spending
2. Automatically develop and manage a budget based on your spending patterns
3. Track the performance of your investments
4. Provide secure online access to all of your bank, credit card and investment accounts
5. Pay bills and make electronic payments
6. Calculate your net worth
7. Track your 401K
8. Receive real time stock reports
9. Graph your spending and investments
10. Create a personal financial statement
11. Export tax information
12. Find the best credit card, bank , mortgage and brokerage account deals based on your spending patterns
13. Help you plan for retirement
14. Provide reminders for bill payments
15. SMS for real time investment portfolio management
16. Help you with a plan to get out of debt sooner

Personal finance software is an important part of understanding and making intelligent financial decisions. Finance calculators

Jun 24

Banksy Prints Prove Popular With Celebrities

Work by graffiti artist Banksy has become so popular that celebrities regularly buy originals and prints.

In 2006 American pop singer and songwriter Christina Aguilera paid 25,000 for an original of Queen Victoria as a lesbian and two Banksy prints after arranging a private viewing at a Soho gallery where the Bristol-born urban artist was exhibiting.

Gallery owner Steve Lazarides told the Independent that the pop star already had an in-depth knowledge of Banksy prints and originals and knew exactly what sort of artwork she wanted to buy.

A friend of Aguilera said the musician would prize the Queen Victoria picture featuring the monarch in a lesbian pose with a prostitute and hang it in her living room.

“She’s been a huge fan of Banksy for months and was desperate to get her hands on some of his artwork,” they told the paper.

Banksy reportedly created the controversial piece in response to the fact that Queen Victoria famously refused to pass a law outlawing lesbianism as she refused to believe such things existed.

Hollywood mega-couple Brad Pitt and Angelina Jolie are amassing a growing collection of Banksy work having spent in excess of 1 million at a contemporary art auction in London in 2007.

Brangelina also controversially bought a Banksy painting of Michael Jackson which showed the King of Pop standing in the doorway of a cottage attempting to coax a young boy and girl into his house with sweets.

Brad Pitt told the Times at an exhibition in America that he becoming a fan of Banksy after discovering examples of his work through the media.

He said: “I think that this guy is really on to something. I first heard about him a year or so ago I saw something about him in a magazine.”

Keanu Reeves, Meg

Jun 23

Axis Bank Home Loan

Axis Bank is one of the best renowned and reliable private bank in India. Axis bank was also known as UTI Bank. Home loan offered by Axis bank is having high demand. Axis Bank home loans with its power-packed features make your dream home a reality.

The attractive rate of interest, minimum documentation, door step service, assure hassle-free processing, property counseling, easy repayment options, secured document storage and many other striking features made Axis the most preferred bank for Home Loans.With the help of Axis Bank home loan many people are able to make true their dream of owning a sweet home where they can spend their all life in peace and pleasure.

Axis bank offers loan in both type of property either commercial or residential at the same time the Bank serves home loan to salaried, self-employed businessman & self employed professionals. Axis bank is offering you home loan in a very easy rates of interest at the same time the bank is also giving you choice of repaying the loan by floating interest rates and fixed interest rates.

Axis bank is committed to its all borrowers to offer them the most flexible and easy home loan. The Bank is also providing its services along with the team of experts and professionals who are always trying to provide best services to its clients in case of loan.

The Bank has to do verification before sanctioning the desired loan of clients. The motto of this bank verification is very simple bank just want to be confirm that it is not providing money to any wrong purpose or cause. The criteria of doing this verification are simple and easy. Axis Bank judges its clients in its own way. The dealing out and executive fees cover all these expenses. After

Jun 23

Managing Your Personal Finance And Bills Online Is A Snap!

Nowadays, just about everyone is using the Internet for every single situation in the book. Got injured at work and want to find how to get Workman’s comp? The Internet can tell you how. Need to find the nearest restaurant that serves French food? The Internet can show you where. Need to manage your personal finance, but still want to be secure? Well there are programs available to people such as yourself on the Internet, just have to know where to look and what to look for!

One of the things I always suggest to people and businesses that do a lot of online personal finance stuff is to check out some of these secure toolbars available. They change every month and get better and more secure. So if you had a bad instance in the past, don’t give up. Developers are trying their very best to give you the BEST product they possibly can. Recently I decided I wanted to take a look at a few of the products, programs and toolbar add-ons available and I found an astonishing amount! I would suggest that before you pick a program to do some research on it.

See what people say about it, what kind of ratings it got, and how much it has really helped the user out. This is about safety but it’s also about functionality. The toolbar I found literally allows you to do ALL kinds of things such as personal finance, online bill payment, pay bills online to specific companies, and they also have bill reminders which are nice for those of us that seem to always forget which bills are due on which date! That would be me for sure. I have so many things going on with my personal life and business life

Jun 22

The Banking Name You Can Trust Upon Canara Bank

The Indian Banking system has undergone a sea change in terms of service and functions. The credit of maintaining trust and confidence goes to few banks who have endlessly served to provide their customers a classy service. Be it grievance handling or meeting standing orders the services have been commendable. One such bank upholding the trust of the clients is Canara bank. Canara Bank is one of the oldest financial institutions of India, started in 1906 in Karnataka. Nationalized in 1969, it has grown to be a huge financial conglomerate, owning many subsidiaries and joint ventures throughout the world. The bank has 3057 branches and over 2000 ATMs, as of 2010. It has been a pioneer of several banking and financial services like launching an exclusive Mahila Banking Branch, providing credit card facility to farmers, extending Agricultural Consulting Services, launch of exclusive IT consultancy subsidiary etc. It has subsidiaries in Financial Services, Securities, Asset Management, Venture Capital Fund, Factors, Computer Services and finance home. The bank also won the National Award for excellence in the field of Khadi and Village Industries in 2011.
Canara Bank has several objectives on the basis of which it aims at being a “Global Bank with Best Practices”. It promotes national interests, takes active part in rural development and has several training initiatives to enhance rural self-employment. It provides all essential banking services at all branches, including Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Internet and Mobile Banking (IMB) etc.
As a very customer centric bank, it has stringent grievance redressal policies. The Canara Bank Customer Care aims at resolving all customer issues promptly and systematically. All complaints can be filed online on the Canara Bank website or on various toll free numbers listed on the website, or in any particular branch,

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