Financial Lessons To Be Learned From Game of Thrones

Game of Thrones has become one of the most iconic fictional storylines of our generation. Known for intricate plot twists and a host of mythological conflicts, the series has set a high calibre. There are often underlying themes which can be extrapolated into real-life scenarios, and you’ll be surprised (or not) to learn that one of those themes revolve around financial habits and lessons. Examples of certain principles can be applied toward a money-saving or investment strategy.

“Brace Yourselves”

This is arguably the most popular meme of the series and has been seen on countless Reddit pages for well over four years. Depicting the motto of House Stark, this statement has far more ramifications than the impending winter alone. This can be roughly translated into the policy of being prepared for what may exist around an unforeseen corner. When applied to investing, it signifies that the investor should always have a financial buffer in the event that the markets do not perform as expected.

Dubious Debt

First coined during the 2013 season, the expression “a Lannister always pays his debts” is another solid take-away. Debt has been one of the underlying themes within Game of Thrones and it has caused conflict and chaos throughout the series. This very same observation holds true in real life. Loan defaults and other forms of debt mismanagement can cripple one’s ability to move forward. When times become lean, there will be little room for extra liquidity. Debts should be chosen wisely and the borrower always needs to be aware of his or her limitations.

Friends Versus Loan Institutions

Borrowing money from close friends or family can always be a dubious prospect. Remember when the Lannisters were put in a dangerous position after the Tyrell family loaned a veritable fortune to the Crown. This became even worse when the Lannisters suspected this family of aligning against them. The main point is that loans from personal acquaintances involves intense feelings of psychological obligation on both sides. Not only can this lead to contracts being broken, but long-standing relationships may be destroyed as a result.

Eyes on the Horizon

Planning ahead is obviously one of the most basic principles behind even the most basic investing strategies. Unfortunately, many investors still look at short-term gains as opposed to long-term milestones. This occurs even if they are otherwise astute at their profession. Let us look at King Robert. While brave and impassioned, he lacked the foresight to plan his estate. The entire realm of Westeros suffered as a result. The lesson here is that future estate planning as well as general long-term prudence are the two components of fiscal success.

The Virtues of Patience, and Prudence

Daenerys: one of the most loved characters on Game of Thrones, is known for far more than her captivating presence alone. In what can only be called a particularly ironic twist, this young woman displays much more patience than her older and more seasoned counterparts. When she was gifted seemingly useless dragon eggs, she neither sold them nor squandered their value. They eventually evolved into powerful weapons which she would use to forge her own niche within the empire.

While Game of Thrones is certainly fictional, there are always points that can be applied to the real world. Investors who are looking to eventually become “masters of their domain” should keep these strategies in mind when looking to succeed where others have failed.

How to Figure Out What You Need for Retirement

Retirement may be a long way off for you, but the years will pass by more quickly than you think. Unless you’ve already got a sizable chunk of change socked away, you are likely already behind in your retirement planning. If you don’t end up with the money you need by the time you retire, you may have other options, such as continuing to invest and striking it big or getting a reverse mortgage on your home. But the best thing you can do is start planning now so that you have more control over your retirement. Start by checking out these reverse mortgage facts.

But planning for retirement may seem like a daunting task. Where do you even begin? How do you account for all the variables? Here are some easy steps you can take to figure out how much you will need in retirement:

Calculate Years of Retirement

You can’t know how much you will need for retirement if you don’t know how many years you will spend in retirement. Start by figuring out when you plan to retire. If you’re like most people, you want to retire as soon as possible. But if you’re like most people, you won’t actually retire until the full benefit age of 66. Soon, that age will rise to 67. Eventually, it may rise even more. So if you are in your 30s now, you may be looking at a later retirement age in the coming years.

Next – and here’s the uncomfortable part – you need to figure out how long you are likely to live. Of course, no one can know this for sure. You may smoke every day and live to be 100 like your dear old granddad, or you may get hit by a car on your 67th birthday. The only thing you can do is figure out how long you are likely to live and use that for planning purposes. You can use a mortality calculator that considers your unique lifestyle factors, or you can just use the average lifespan in the United States, which is 79 years old. If you retire at 67 and will only live to 79, you need to plan to have about 12 years’ worth of income for your retirement.

Determine Your Needed Income

You won’t need to make as much money as you do now to support yourself in retirement – or, at least, that’s the idea. The general rule of thumb has been that you need about 70 percent of your current income during retirement. So if you make $100,000 a year now, you will need about $70,000 a year in retirement. Ideally, you would have your home paid off by then and you wouldn’t be supporting children or buying a lot of new things, like furniture and household goods. Therefore, you won’t need as much to live.

Compare Rates

Look at how much you have in your current savings or retirement accounts, such as 401(k)s or IRAs. Now look at the rate of return on those accounts and compare that to the rate of inflation. That will let you know how much the money will grow and deplete over time. For example, you may have an IRA that returns an average of 6 percent each year, which you can compound over time to see how much you will have at retirement age. But then you have to subtract the 3 percent inflation rate each year to see how much that money will actually be worth in terms of spending dollars.

Determine Monthly Savings Amount

Once you know how much you are likely to have from your current retirement accounts and your social security benefit (assuming it’s still there when you retire), you can figure out the deficit between what you will need and what you will have. Then you can figure out how much you need to be saving every month to make up the difference. Even if you can’t save all that amount each month now, you can start putting aside a little and build up to the full amount when your income increases.

Whatever steps you can take to save for retirement now will save you a lot of heartache later. Use these steps to figure out exactly how much you will need.

Getting a Payday Loan When You Have a Poor Credit Rating

Having a poor credit rating is a reality of life. It is very difficult in today’s fast-paced world to save from your monthly income especially when there is only one person per family who is earning. Everybody deserves to live a stress-free life where there is no pressure of paying utility bills, education charges, entertainment expenses, and so on and so forth. One way to be financially stable when some unforeseen event requires the immediate arrangement of funds is to apply for a payday loan online.

Such a loan has been designed for everyone regardless of their credit score, and the cash is made available within minutes of your application. Because of these benefits, BadCreditSite payday loans are quickly gaining in popularity in the UK. The interest rates are usually reasonable and the repayment period is flexible. You can choose your type of short-term or payday loan depending on your current financial position and the ability to repay the loan amount within a specified period.

With payday loans just around the corner, a bad credit score should not become a roadblock in the way of your success. Sometimes you’re need of instant cash because your paycheck has not yet arrived. What to do in such a situation especially when you also have a less-than-perfect credit rating? Simply go to an online credit broker, look at the options they offer in the category of bad credit loans, choose one that suits your needs, and apply online. It’s as simple as that!

You don’t need to go through any lengthy and troublesome paperwork, arrange for documents like your ID, driver’s license, proof of employment, references etc., or wait for weeks before your loan application would be approved. And what if it doesn’t get approved simply because of your poor credit score? Many individuals out there suffer the outcomes of a bad credit history not because they are used to spending beyond their limits, but because there have been just a couple of late payments on bills.

Such a scenario can drag them behind when it comes to a financially secure future. Why let this situation stop you from realising your dreams when you have the option of applying for a payday loan, pay off your dues, and then return the loan when your paycheck arrives? This type of an instant loan, also known as salary loan or payday loan, has been specially designed for people with a poor credit history so that they can also live a life they deserve instead of waiting for dire consequences like bankruptcy.

There are many advantages of a payday loan that can make you choose this option as your next loan plan. First off, you can secure amounts as huge as £3,000 in a single day, which are instantly transferred to your bank account. Secondly, the repayment schedule is usually flexible, and you can choose your installment amount depending on your pay scale. Moreover, with reasonable interest rate, there is usually no extra fee or hidden charges involved so you can calculate your repayable amount in advance and plan.

All these benefits make payday loan a very attractive option in today’s world where almost everyone is struggling to live a stress-free life. Whether it is an emergency hospital bill, cash needed to buy your child a new bicycle, amount to be added to your savings for buying a new car, or cash required for the next vacation you’re planning, a payday loan can fulfil all your requirements in just a few clicks!

Finally, a payday loan is the best solution for people with poor credit history because it is risk-free, which means that a person may decide to return the amount that had been transferred to his or her bank account within 72 hours of approval. If he or she thinks they would not be able to pay back the total amount payable after adding interest, they can return the principal amount within three days and avoid any financial trouble. This is one attractive feature of this type of a bad credit loan that makes it one of the most favourable loan types for individuals struggling to make ends meet.

Improve Your Forex Chances With The Right Indicators

If you’re one of the many who’ve jumped on the Forex trading bandwagon, you’ll want all the info you can get that will give you any sort of advantage.

One of the most useful recommendations is to use the indicators that your Forex broker provides.

Today, I’m going to talk about the Alligator Indicator. It’s as much fun as it sounds.

What is the Alligator Indicator?

The Alligator Indicator is a trend indicator devised by Bill Williams. If you haven’t heard the name, he’s a well-known trader, technical analyst, and author, and he’s come up with something special.

He uses the alligator as an analogy to describe some of the behaviors of the market. When there is no upwards or downwards trend, the market is like a sleeping alligator. But the alligator will eventually wake up and, depending on the length of time it was asleep, will be hungry. When the sideways trend ends, in other words, you can expect a very pronounced trend in either direction.

How does it work?

The Alligator Indicator therefore shows you the structure of the market. It uses three moving averages to do this. These are called balance lines, and they’re made up of the different parts of the alligator:

  • Alligator’s jaw – the slowest moving, colored blue.
  • Alligator’s teeth – coloured red, moving faster than the jaw.
  • Alligator’s lips – colored green, the fastest of the balance lines.

This might sound confusing, but when working with MetaTrader, which is inevitably the platform your Forex broker will use, it becomes clear. The indicator is used to show you the structure of the markets and it does just that instead of just giving you numbers out of context.

What does it indicate?

The Alligator indicator indicates 3 pieces of information about the structure of the market.

  1. the absence of a trend: this is when the alligator is sleeping, a common state of the market. It’s dormant, and we can only wait for it to “wake”.
  2. formation of a trend: this shows you when the alligator is waking. It indicates how big the trend is expected to be, based on the length of the market’s dormancy.
  3. direction of the trend: finally, it indicates which direction the trend is beginning to move in. You already know how big the trend will be, but that information is useless without knowing which way it will go. This piece of information completes the bigger picture, and readies us to make a decision.

Using indicators

The Alligator Indicator is great, but it’s only one of many useful tools. Using indicators correctly will keep you on top of a great trading strategy, but none of them are perfect alone. Use the Alligator Indicator along with others, such as the Momentum Indicator, or the A/D Indicator.

This way, you’ll improve your chances of earning money and living comfortably with an extra source of income.

Tips for Reducing Your Household Expenses

The word “debt” usually calls to mind car loans, credit card balances, and mortgages, among other big-ticket financial burdens. Next to those issues, household debt doesn’t seem like a significant worry. The fact that it seems like a mundane concern is precisely why it’s such an insidious problem, though. You can’t get away from household debt if you’re even partly responsible for the home, since it consists of all the everyday things you need. You can soften the blow by changing your buying habits and tweaking the way you spend money.

Pay More Attention to Cost Than to Price

You know how you sometimes buy an item that you kind of need simply because the price is low enough to suggest a great deal? Personal care items, such as razors, and home care items, such as candles and air fresheners, are famous for this. Stores also catch you with BOGO, or buy-one-get-one, deals that aren’t deals at all. You don’t lose a lot of money on individual items when you fall for this tactic, but the cost adds up over time.

Anytime you’re shopping, particularly for items that fall on the expensive side, don’t pay as much attention to the price tag. Look closer. What is the cost per unit of the item you need? Are you saving if you buy more than one? Can you save more if you buy more than two? Smart shopping is all about math, even as you roll your cart along the aisles of the grocery store. The numbers will always tell you if you’re scoring a great price or wasting your precious budget.

Buy It in Bulk

Image via Flickr by kenteegardin

Contrary to the coupon shows, it doesn’t pay to buy everything in bulk. However, non-perishable items that you genuinely use and frequently buy are always worthwhile bulk purchases. It’s still wise to look at the cost per unit of each item, but at the very least, you may save more money by switching to a different brand.

Keep in mind that some bulk stores also offer better prices than others. Of course, you no longer have to spend your money on a membership to a brick-and-mortar wholesale store. Online stores such as Jet, Boxed, and Amazon make it easy to order your bulk items and have them delivered to your home, which can be much more convenient.

The secret to successful bulk buying lies in never purchasing what you don’t need. Stick to non-perishable items, but remember that includes many foods and beverages. Don’t buy anything you only think you might use. Don’t buy something you’ve never tried before, as curiosity has no place in bulk shopping. Don’t forget personal items, either. You can purchase shampoo, conditioner, soap, razors, and skin care items in bulk.

Reassess Your Cell Phone Plan

A mobile phone isn’t a luxury like it once was. Now it’s a necessity. However, individual phones and plans are expensive. If there’s more than one phone in your home, the cost can affect your household debt. Is anyone in the home paying for two different cell phone plans? Research the possibility of sharing, such as with a cell phone plan from T-Mobile, which will allow everyone to choose their own phone. Because T-Mobile plans offer such benefits as unlimited data, fast streaming, and a reliable network, you can save money by going bulk on your phone plan, too.

Prune Your Entertainment Budget

Many households pay for cable or satellite TV, including premium movie channels. Yet they also have subscriptions to services such as Netflix, Hulu, Amazon Prime or Instant Video, and others. Do you need all of that? Go over your cable or satellite package. What are you paying for and how much of it do you actually watch? You might have a sports package that you never even use. You might find that you don’t need a package at all and that your streaming subscriptions fulfill your viewing needs.

You don’t have to sacrifice your pleasures, hobbies, or even your favorite foods to cut down on your household budget and save some money each month. You just have to spend your money more thoughtfully. What are your favorite ways to save?

Living with a Bad Credit Rating

Sometimes life throws you several curves and no matter how hard you try, you can’t seem to keep your head above water. For many people, this, unfortunately, is a way of life. They live from one paycheck to the next and basically have the monies spent before they receive them. Because of this, you end up paying your bills late or even miss a few payments. As a direct result, your credit score takes a hard hit and that just makes matters worse. The good news is that there are things you can do to get off the vicious cycle and start enjoying life.

Living with bad credit

When you have a poor credit score you end up paying more than someone with a good credit score. It’s harder to acquire a mortgage, a car loan, a personal loan and credit cards. On top of all that, if they do give you the loan or the line of credit, the interest rate is very high. Unfortunately, in today’s world, your credit score affects other areas of your life as well. Many insurance companies will not take on new clients with a bad credit score and the same applies to your job prospects, many of the larger companies now view your score as a judgment of your character. So it’s more important than ever to improve your score sooner rather than later.

Where to turn for money

When you live paycheck to paycheck it’s only a matter of time before you can’t cover a bill. When this happens your car payment is late, your loans are late and your credit cards too. The problem is that once your credit score is lowered, most typical bank lenders will not grant you a loan. Luckily, there are still loans for people with poor credit available out there. Many online companies have short-term loans available with repayments from 6 months up to 2 years. This can give you the funds you need to get back on track and resume making your payments on time.

Importance of budgeting

While the short-term loan offers a quick-fix for your current situation, it is not the solution to your problem. The ultimate way to fix this and end the week-to-week style of living is to get on a budget and stick with it. Many people who eventually make late payments on their car, home, and credit cards, made enough money. It was the managing part of it that caused them to default.

The first thing you’ll need to do is clear off a table or desk and gather up all of your bills. Then, on a sheet of paper, list each of them. Once you have all of them listed then you need to add in regular monthly expenses like food, gas, school and essential supplies. Add all of these up and then deduct your net income after taxes. Hopefully, when you deduct your income from your expenses you make enough to cover everything. If this is the case, then your problem lies with your spending habits. If on the other hand, you don’t bring in enough to pay all of your bills, then you need to reduce your overhead or acquire a second job temporarily until you meet your obligations.

Paying off debt

With a plan in place, you can reverse your bad credit score and recover. It will take a little time, but it will happen. For now, you need to make every effort to pay your mortgage, car payment, personal loans and any other extended credit by the due date. Second, you need to start living frugally in order to get the debt paid down faster. This means that you’ll have to give up things like the morning coffee on the way to work, limit eating out to once a month and purchase only the things you need. If you do this for a few months, you’ll soon start to see that you are easily getting from one week to the next without a problem.

Living with bad credit costs you more than an embarrassing loan denial. Today, your credit score is your worth to many companies and that means it can prevent you from landing a new job, getting a cell phone or even renting an apartment. Make every effort to get back on track as soon as you can. Throw a little extra to your credit cards, focusing on the one with the highest interest rate first. Also, learn to tuck money away for a rainy day so that when something does need your attention, you’ll have the money to fix it without touching your bill money.

Mutual Fund Calculators

Technological advancements have turned the common into man an investment guru. The internet provides several resources that are useful to people interested in investing real money. It has become such a wealth of information. There are even tips and strategies on how to win the best online casino games at sites like casino aus. And some of the advice actually works.

Online calculators are the newest trend in the industry. There are calculators for everything. Some of these programs or Bots are for sale while others come free. Now there are mutual fund calculators. One would think the point of investing in a mutual fund is so that you leave the number crunching to the pro’s. But in this day and age where everyone is so greedy monitoring your mutual fund is not such a bad idea.

Difference Between A Free Mutual Funds Calculator And Premium Versions

The differences are too many to mention. But as any other industry, products from companies are different. The war for supremacy online means that developers of these systems will try to give you as much functionality as possible in the free version. However, they always make it a point to limit the instruments that actually make you money to the premium version.

It is essential that if you want to use a mutual fund calculator you invest in the premium version. That is what the professionals are using and if you are wise you will do the same. It is important for you to choose the best bot for your investment. Different bots are designed to operate differently. Find the ones optimized for your investment.

Finding the perfect product online is very difficult. This is because of the large number of con-artist on the web. These are individuals who operate sites strategically placed to swindle people of the hard earned money. A great way to find the best sites to spend your money iss to check for peer reviewed sites. These give a decent indication of what people think about the service from a company. Typing scam in front of the name of the product you want to buy will also reveal a lot about the product.