Business Protection

The advice often given to young couples starting off in life is “Not to buy what you cannot afford”. The same basic advice should be heeded by many. If you cannot afford it- then do not buy the item.

If at the end of the day , year or decade you will be much further ahead in position , salary as well as benefits in addition to “job” and “personal” satisfaction is this not money, time and effort well spent and allocated. ? Indeed it is and can well be.

In the case of a vehicle or car loan it may be a godsend. If your vehicle is not reliable – then how can you show up on time, keep your job without an image and reputation of reliability? Not only do you want to keep your employment and income associated with the job but also the job references from your employment superiors for use with other employers for better positions and pay, or for promotion within your present organization. You may even run into a case of promotion within your present firm to another branch office or plant. Not having reliable transport may limit your promotion offerings and flexibility.

A real step foreword as they say. It is always a case of reward versus cost or cost versus benefit. It is a case by case analysis.

Many people will drive across town for a bargain to save a dollar and spend $ 10 on gas costs in the process. Incorporate the price of gas into your final net salary not as an aside.

Lastly and most importantly – always pay your bills. Never take on more than you can chew, or in this case afford. Before making that commitment for a loan or undertaking always evaluate carefully before signing on the bottom line. It’s not only a matter of convenience. Your credibility itself is on the line, in addition to your personal honor and integrity and reputation. Pay your bills on time – even earlier than required. This applies to all loans – whether they are for rent, mortgage, utility bills, bank loans, charge card payments or student loans. If you cannot pay in full, then at least pay a bit above the minimum payment. If you are really stuck then contact the lender. Explain the situation honestly. Make a commitment and follow through.

Do some simple things for our future… starting from ourself..

Home owner is the main player with big role in the sub prime mortgage.

Let’s start to make some analysis with the homeowners–the people who are now in the process or soon to enter the process, of losing their homes. Some of these people had never before owned a home and as such, may not have been prepared for the costs associated with homeownership. Basic financial literacy is sorely lacking in this country despite there being no shortage of budgeting and tracking programs readily available such as Quicken and Microsoft Money. The lack of financial literacy does not absolve these buyers of their responsibility. Every borrower receives a truth in lending disclosure statement. Here is a portion of what the act covers:

The purpose of TILA (Truth In Lending Act) is to promote the informed use of consumer credit by requiring disclosures about its terms and cost. TILA also gives consumers the right to cancel certain credit transactions that involve a lien on a consumer’s principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes. With the exception of certain high-cost mortgage loans, TILA does not regulate the charges that may be imposed for consumer credit. Rather, it requires a maximum interest rate to be stated in variable-rate contracts secured by the consumer’s dwelling. It also imposes limitations on home equity plans that are subject to the requirements of Sec. 226.5b and mortgages that are subject to the requirements of Sec. 226.32. The regulation prohibits certain acts or practices in connection with credit secured by a consumer’s principal dwelling.

Much of the subprime mortgage crisis can be traced directly back to variable-rate mortgages. As is clearly stated above, “TILA does not regulate the charge that may be imposed for consumer credit. Rather, it requires a maximum interest rate to be stated in variable-rate contracts secured by the consumers dwelling.” It also clearly states that TILA also gives consumers the right to cancel certain credit transactions that involve a lien on a consumer’s principal dwelling. One has to wonder whether or not these homeowners:
1. Bothered to read the truth in lending act disclosure at all.
2. Understood what the truth in lending act disclosure meant.
3. Chose to ignore the information printed clearly the truth in lending act disclosure.

Clearly the public needs easy access to financial literacy courses. Too bad we don’t see the need to make this a mandatory course of study in our educational system.

Mortgage bankers and brokers have in the last four or five years been raking in cash by the bucket load in the form of commissions paid when mortgages they’ve originated, close. Many of these people have not needed to do much in the way of prospecting. Instead, their phones have run off the hook as people have jumped on the homeownership and refinancing and take out extra cash bandwagon, despite their ability to pay for their home. No-document loans were readily available without the borrower having to produce documentation that backed up their income. Clearly this practice can and indeed has, lead to substandard loan underwriting processes. Were some of these mortgage bankers and brokers dishonest? Sure.

So be careful when we want to have a deal through agent… they also a human who want to get more comission.

In subprime mortgage, Real estate also has the main role why there is subprime mortgage.

Let’s discuss real estate agents. In 2007, we bought a home, and also sold a home. The agent we used to purchase our home was absolutely fantastic. In our opinion, she went above and beyond to make our deal happen. She answered every phone call, followed up on every concern and was the epitome of professionalism. We consider this individual to be a friend, and we have sent referrals her way that have resulted in her earning additional commissions. We will continue to recommend her to all who ask or mention that they’d like to buy or sell a home in our area.

The real estate agent, we used to sell our home, could not have been more different. We got our old home ready to sell prior to closing on our new home. We decided to list it as “For Sale by Owner.” In the event that we didn’t sell this home on our own, it was our intention to list it with an agent as soon as we had closed on the purchase our new home.

Literally, from the day we put the sign in front of our home and listed it on a “For Sale by Owner” website we were inundated with phone calls from real estate agents. We were told many lies and were constantly harassed; although we had already made it quite clear to every agent who called, and there were more to 60 who did; that we were willing to pay half the commission-the same as they would have received had they sold another agent’s listing. We also told every agent that called that we had already lined up an agent to sell our home in the event that we chose to no longer sell it ourselves. Our deadline was the closing date of our new home purchase. We did have an interested buyer who shortly after our closing date decided to keep looking so we listed our home with a local agent so that we could concentrate on getting our new home ready for our moving date at the end of the school year.

This agent showed our home a maximum of two times and got an offer which we accepted. We ended up getting $1,000 less than we had wanted in a declining Real Estate market. The agents who had called many times to harass us called our listing agent on a number of occasions and he lied telling them that the house was under contract when in fact it wasn’t at that time-clearly a breach of our agent’s fiduciary duty. Quite frankly an ethical agent would have continued to show our home until closing in the event that the deal fell through.

But wait, there’s more. Our agent also acted as the buyer’s mortgage broker. At the closing table, we learned that he had signed documents from the buyer stating that he (our agent) represented them and we had signed documents stating that he represented us. We also learned that the buyer had effectively put down approximately 2-3% of the purchase price when financed closing costs were factored into the equation.

Their first mortgage had what we thought was a high fixed rate and their second mortgage came with a rate in excess of 8.5%. Because the closing happened in August, literally in the midst of the first wave of the meltdown, if they didn’t close on the day they did (August 31st, 2007), Citibank wasn’t going to extend their rate. When my wife & I have bought houses in the past, it had always been a very happy day. These people looked absolutely shell-shocked at the closing table. I’m not convinced that they knew just how much their monthly payment was going to be until closing day. We knew down to the penny well in advance having budgeted and planned everything on a spreadsheet.

Were these people stupid or just inexperienced and mislead by a greedy combination of real estate agent & mortgage broker? I’m extremely confident that they are intelligent people but inexperienced and taken advantage of by an unscrupulous agent.

It just our opinion about mortgage meltdown analysis

Are electronic money transfer better than paper checks?

PROS and CONS

We will have step by step comparison of these two forms of moving money and score them:

1. Cost – electronic money transfers are usually either free or at negligible cost.Then there is the checking mechanism to ensure that cheques have been made out correctly (they don’t verify every cheque, usually only those above a certain monetary threshold, but that still involves someone physically examining the cheque). These additional costs are passed on to the cheque account holder, or attached as a higher transaction fee for payments made by cheque.

You obviously need to read the fine print on the terms and conditions brochure for your account, but in the vast majority of cases, electronic money transfers are much cheaper (or even free) than cheques. Score a point for electronic money transfers;

2. Speed – electronic money transfers within the same bank are instantaneous. Transfer money between your own bank accounts and the funds are available immediately. Between banks, processing times vary and there are usually cut off times. Generally, first tier banks, the major ones, transfer a payment before 6pm and the money is pretty much guaranteed to be there at some time the following day. At worst, the day after. Comparing electronic money transfers to cheque in terms of speed, is much the same as comparing e-mail to a posted letter. You are relying on the payee banking the cheque, this is then cleared through the bank’s normal clearing system and usually only available a certain number of working days after the deposit has been made. So the difference can be days to a week or more. A big con for the payee, but a definite pro for the drawer, who will have the funds sitting around in his/her bank account for all that extra time.

Score another point for electronic money transfers;

3. Security – a lot of the hoo haa about internet banking revolves around concerns over security. The misguided belief that somehow someone is going to clean out your bank account if you do your banking on-line. Nowaday, Security has been beefed up, most banks now using 128 key encription to transfer data, and a lot of financial institutions have gone one step further and even guaranteed the safety of their internet banking systems. Unless your bank has a guarantee in place for internet or on-line banking, this one isn’t as clear cut. It is largely a matter of common sense and they can be as safe as each other. I would score this one again in favour of electronic money transfer, albeit in a close one; and

4. Delivery – this criterion means getting the money where it is intended and getting your funds back if things go wrong. Assuming that the account information you have been given is correct, there is next to no chance of the funds going astray through electronic money transfers. In Australia, large organisation utilise a payment system called B-pay, which incorporates the account and billing information to make it easier for you to pay a bill (which is what the B stands for). It identifies you as the person sending the funds and serves to automate the biller’s processing.

With a cheque, if you use the payment slip provided by the payee or biller, you generally can’t go wrong either. It is a bit iffier should you decide to rely on the vagaries of the post. The posties are generally honest and reliable types however, when the fickle and shifting mores of humanity are involved, particularly when money is involved, there are no guarantees. If the ‘or bearer’ designation on the payee line isn’t crossed out, the cheque is a negotiable instrument payable to whoever presents it at the bank.

So that’s some positive point why we need to use E-transfer

1. List all your bills and their expected amounts. Sequence them according to their priority to be paid 1, 2, 3, etc. beginning with your mortgage as #1. At one of the priority numbers you will determine where “Must Pay” ends and “Should Pay” probably starts. Draw a horizontal line here and continue down the list. You might now reach a point of ending “Should Pay” items and find you are in an area of “Would Like To Pay”. Draw another horizontal line.

2. Start paying priorities 1, 2, 3, … until you’re out of money or finished with “Must Pay”. Determine your deficit to “Must pay” items. If you still have money, continue with “Should Pay”. If you run out of money, place their amounts on your deficit list. If there is still money left, go onto “Would Like To Pay” until you run out. If there is no money or you run out, ignore the remaining list since they can be taken care of in better times.

3. Using your deficit list, contact your creditors. Many will be willing to work with you to skip a payment, lower interest, pay interest only for a month or two, or offer a number of other options. Maybe they won’t, but it won’t hurt to ask. (Used judiciously, “accidentally” mentioning the possibility of bankruptcy, sometimes yields major power.) Adjust your deficit list accordingly.

4. Optionally talk to a debt counselor but not a debt consolidator. At the very least, try to share your list with someone you trust. Often times another set of eyes can see something more objectively or have ideas you never considered.

5. Determine how to make up the difference on your deficit list with some of the following ideas:

Reduce expenses by applying many of the frugal concepts at this and other sites. Take on a second job for the short term.

Have a garage sale. Sell an asset. Rent something out.

Consider funds from savings, 401k, insurance, and even friends. (Note: DO NOT cash in a 401(k).)

If you rent, see if labor might substitute for part or all of the amount.

Consider a reverse mortgage, equity loan on your home or car, or signature loan from a credit union. Please do not consider this unless bankruptcy is the only other option since in the long run an additional loan will just make matters worse.

As an absolutely final resort, consider bankruptcy but not before seeking formal financial counseling.

Research other means of reducing your budget.

Whatever your economic or social status, race, background or religious affiliation, you cannot escape the effect money has on your life. Money is important and impacts your life on many levels. What is money all about and what does it mean?

Choice

Possessing money provides you with options. The more you have, the more options you have and the less you have the fewer options you have. Having no money leaves you with no choices. The power of choice is considerable and can open up new horizons and broaden the scope of your life considerably. The lack of choice can strangle your life and leave you floundering with no hope for a better future. Having choices are good.

Power

Money gives you power. When you have lots of it, many doors open to you and people compete for your attention and approval. Everybody wants to help you spend it and are looking for ways to sell you their product and secure investment from you. You have influence and can impact the lives of other people by your decisions. You are automatically endowed with authority, just by virtue of having a lot of money. When having little money or no money, you have no power and are at the mercy of other people’s decisions and goodwill. No one cares what you think and you have no power over the forces that impact your life.

Freedom

Money can provide you with freedom. The freedom of coming and going as you please, buying what you want, traveling. You have the freedom of association, location, geography and environment. You even enjoy the luxury of controlling your time. Again, the more you have, the more freedom. Little money equals little or no freedom.

Access

Money provides you with access. With money you can access the stock market, real estate market, professional financial advice and have access to attorneys and auditors. You can enjoy access to the best health care and medical advice. You have access to banking facilities, finance and life assurance products. No money, no access and you are forced to accept whatever the government or other institutions will give you.

We spend most of our time and energy in finding ways of growing our money, while keeping what we have and desiring more. Money can be a great friend or fierce enemy depending on your relationship with it and your access to it. You should however never trust in your money and never consider money the answer to everything.

In its finest definition, money is a tool and how you use it is up to you.

Perhaps, when examining how to turn inventions into a business, it is more important to understand what characteristics are behind those inventions which fail to successfully penetrate the market place.

It is common knowledge that the product must be different and have a purpose for their customers etc. These notion have been hashed and rehashed more times then his healthy. More important, that what is needed for success, Many of these inventions fail and the examination of failure is where many novice inventors can learn more valuable lessons.

Lesson number one, to anyone trying to bring a new product to market, is never lose your glasses. That is to say, never lose your focus. We knew that this product could be used in many sectors from rental properties to cell phone companies but the owner didn’t have a customer focus. In fact he didn’t have any focus. It was as if he needed to put on his glasses instead of grasping blurry concepts of customer service. The product began to lose clients because the owner would not show the customized benefits of his product to each client. In an attempt to reach a wider customer base, he had lost focus, and as a result he lost his business. In essence, figure out who wants your project and pay attention to them. As much attention as they need to feel like your number one client. This tends to help spread your product faster because you get a greater degree of word of mouth marketing which is hard to get and extremely valuable.

By the time you are looking to turn your inventions into money, you should already have done your product research and development and your customers should become number one.

The inventor, named Arthur, had rented a small booth in the corner of the main building and displayed his new unregistered company with a small vinyl banner. He had paid the same price as any other booth and chosen the corner because everyone had to travel by the corner to leave the building. Unfortunately, that is all they were doing-leaving the building. Despite, having generated the interest of some of the larger construction companies, we would later find later that Arther had failed to be able to keep his product in prospective clients minds. This would be come our challenge. How do we keep such a mundane product in the minds of busy customers. Oh did.

We began…we developed a brochure that could be given to potential customers…and website that would sell the products on line. We also advised Arther to give each potential customer a free set as a sample to test the product. The total cost of production per unit was $1.20. Arther took our brochure and went to meet with potential buyers. He returned the next day with just as many of his products as he had left with. “Why didn’t you leave samples?” Arther explained, that not one customer had wanted a free pair. I was puzzled. The customers had a use for the product.

Lesson number 2, know how to present your product. If you are the engineer and are terrified of public speaking, perhaps you shouldn’t be the marketer. Lesson number two is…please…please…if nothing else…recognize and compensate for your weaknesses. It make success come much quicker. Find the best people to compliment you. Remember your ultimate goals. Remember you want to make money and do what is necessary. Adapt your plan and your style until you find success.

This is simply what I have learned and mistakes I have seen repeated over and over. I hope that this is helpful, but most of all I wish you the best of luck and much success.

Good business is a business which could running well in any condition. No matter there is recession, inflation, or another economic problem, it should doesn’t give big impact to our business. It’s what we called ideal condition for our business. To make it ideal we could use some business loans to give some support for business. Business loan could be our backup money resource when need fresh money. Good loan should have some criteria like Easy Process, Fast Funding, Excellent Service

Although how good our business, we still need using external factor such as external loan, outsourcing, etc. So using loan also a way to support our business.

Have a good business….

When we finished our study, our next problem was how to find job vacancy. Especially for US citizen where we all know that there are financila crisis inside of. Because of financial crisis, many companies try to makes cut their operational cost, like human resource cost, etc.

Based on that fact, searching for good job which is suitable for us more difficult than 2-3 years ago. Now there is solution for us who want to looking a new and better job. Online job vacancy like Fresho.com is the simplest way to find about job information. The job listings cover all 50 U.S. states and the District of Columbia and are grouped into 41 industry categories, including both traditional sectors such as manufacturing and emerging industries such as biotechnology, Economic, Finance like bank teller job, Accounting, Construction, Chemical, etc.

Beside their specialist, also we could searach a job based on its position. We could search Manager job or staff job separately.

Fresho’s stated goal is to provide users with a fast, free and effective job search through the use of innovative tools, including an interactive map, a Fresh Alert email notification service, a Fresh Postings column, and a Job Search feature that allows users to perform customized site-wide searches by job title, ad keyword, city or ZIP code.

Horse racing is also known as The Sport of Kings and not without good reason, as it has attracted royal patronage from its early days.

Horse racing is popular in various Continents in different styles and the most popular is the thoroughbred racing. Every year some of the best horses from Europe and Japan come to compete in Breeders Cup races.

England has the longest history with thoroughbred racing but Ireland is not far behind. Over in United States you will also see regularly horses born in Chile, Argentina and Mexico racing.

This competition goes from one racetrack to another every year and all horse racing fans consider it as a “must see” event. There is plenty partying and dancing on the night between the races.

To be selected a King of the breed horses will race in various distances in both days. The winners is the one who has the time when all the races are counted together. Same competition is held for the mares.

Nowaday, horse  racing not just a game, also we could add their fun with doing some betting and try our luck. For example in Australia there are horse racing cup called “Melbourne cup”. Melbourne Cup Betting could add our adrenalin when we watch their match. Get fun, get fun. Every day when there is horse racing we always could make some prediction based on Melbourne Cup Odds. Making horse analisis is something which could give us a new challenge. Bet on Melbourne Cup is something which we could pass away to get fun and get profit as our bonus.

Now we could see based on Melbourne cup’s fact, we know that from horse racing we could make it become entertainment business. There still big chance to get profit in entertainment business.