Tips on How to Pay Off Cash Advance Loans

Cash advance loans can be a bit tricky to get out of. If you’re already living paycheck to paycheck, you don’t want to fall into the trap of rolling your loan over into a second loan. Defaulting on these loans can wreak havoc on your credit score and the next time you apply for a loan it will have to be a personal loans for bad credit lender. To avoid financial strains, use these tips to pay off your cash advance loans.

Adjust Your Income Withholding

Think back to your last year’s refund check. Could it have been over $1,000? If you’d like to pay that cash advance loan off a bit sooner, lowering your principal balance is the way to go. Instead of waiting to receive your lump sum of income tax refund next year, start taking it in smaller chunks now.

Contact your employer’s payroll department and ask for a W-4 form so you can claim additional allowances. Be sure to claim up to your legal limit and that they can be verified. By your next paycheck, you’ll find you are taking home more pay. Just do this for a few paycheck cycles to get caught up, so you aren’t left owing Uncle Sam next year.

Borrow from Your Retirement Account

While you should not withdraw your money from your retirement account to pay off a small debt, it is best to borrow against your retirement account if possible. For one, you can eliminate a large monthly debt, putting more money back in your pocket each month. You’ve also stopped giving away that interest fee each month.

Get Rid of High-Cost Bills

Cable packages, cell phone services, magazine subscriptions, these are all high-cost bills that can be reduced or eliminated. Consider your cable bill. Do you need to have three package plans? All you need is basic cable and a Netflix account to catch other movies.

If you have a cell phone provider, go online and compare plans. Or, contact your provider and see what discounts or lower package plans they can offer you.

For those that still have magazine subscriptions, cancel them all together. You can view these online or use a software application on your cell phone.

Get on a Utility Budget Plan

You may also be able to reduce your utility bills. It’s not always the most favorable option, but it can reduce your bill for the time being and allow you to pay off your cash advance loan. Contact your utility companies and ask them if you can be placed on the budget plan. You’ll have a fixed amount to pay each month, so you are not left with any surprises. They estimate your bill from the past year or prior season and calculate this amount for you. If there are credits or balances at the end of the term, it’s added on at that time.

Rent Out a Room

If you have a spare room in your home to rent out, you can easily make a few hundred dollars a month. It’s easier to do so for someone you know rather than a stranger of course. You could rent out your garage for someone who needs to store boxes or their motorcycle. Just be sure to draw up a contract to avoid any conflict later down the line and protect you both legally.

Borrow Against Your Life Insurance Policy

If you find yourself getting deep in trouble with paying off your cash advance loan or keeping up with the payments, talk to your insurance provider about borrowing against your life insurance policy. Often you’re not required to pay it back in full. Just remember the amount you borrow will be deducted against your death benefits. 

Six Basic Tips on Writing a Financial Analysis Paper

Why do students learn to write a financial analysis paper? This assignment helps students improve their knowledge about the structure of every company. If they decide to found their own firm, they should know how to manage its financial health. This knowledge is vital for investors too. If they analyze the financial condition of the specific company correctly, they will be able to invest in this company without any negative consequences. If you devote your money to a venture, you should know whether it is safe and reliable. A professional financial analysis is able to display the actual financial condition of the particular company. If you want to learn how to complete a factual financial analysis paper, dwell on these basic writing tips.

Tip #1: Analyze the Existing Financial Statements

The foremost duty of everyone who wants to cope with a detailed financial analysis is to obtain financial statements. If you analyze a specific company suggested by the teacher, you can find its financial statements in the Internet or in the definite books on business and accounting. If you are ambitious to research a completely different firm, you can receive these documents directly from its owner. Of course, this job is often complicated. Nevertheless, if you have had your practice at the chosen company, you can receive at least several financial statements devoted to the certain period in the past. There is hardly a boss who will supply you with the relevant information of this kind. Bear in mind that a financial statement is a complex document that embraces numerous minor documents, like a balance sheet, an income statement, an equity statement and a cash flow statement. You will have to look through and analyze every document in order to complete a full financial analysis paper

Tip #2: Look over a Balance Sheet

A balance sheet is the document that demonstrates the balance between such elements as assets, liabilities and owner’s equity. This balance is paramount for the objective survey of the specific firm. You should know about its assets and debts. Moreover, you ought to examine the shareholder equity. It is smart to pay attention to any shifts in this balance in order to find the weak sides of the company. It is a bad signal when a company loses its assets and increases its debt without any objective reasons.

Tip #3: Inspect an Income Statement

This statement shows the income and loss of a company’s capital. A common successful company has a tendency of the gradual increase of its income indicator. When you notice the reduction of the firm’s revenue, it means that it is close to crisis and bankruptcy. Such firms are unreliable and require reorganization and alteration of their business strategy.

Tip #4: Observe a Statement of Changes in Equity

This statement concentrates on the analysis of the changes that have occurred within the shareholder’s equity. It is vital to know whether a company purchases new stocks or not. It can illustrate its future plans for the further development. The owner’s equity can be measured in the easiest way. You ought to subtract the liabilities from the assets. If the sum of the equity is gradually reducing, it is a bad sign for the financial health of the specific firm.

Tip #5: Study a Cash Flow Statement

A cash flow statement resembles an income statement. However, there is a slight difference between these documents. A cash flow statement can be more useful for the objective and scrupulous survey of a company’s financial condition. This statement contains the precise facts concerning the sum of the money a company actually possesses. Furthermore, it demonstrates all expenses and profits. It shows the sources of cash flow. You can learn about the ways a company receives its profit. A cash flow statement is one of the documents that can prove the guilt of a cheating and unfair entrepreneur.

Tip #6: Calculate a Company’s Ratio and Competitiveness

When you want to capture the actual financial condition of a peculiar firm, you ought to calculate its financial ratio analyzing all financial statements and their components. You can compare the results with the ratios of other companies of the same sector on the market. If the ratio increases, it means that a company copes with the obstacles and accumulates cash. If a company possesses a reducing ratio, its competitiveness on the market falls down. Bear in mind that you cannot compare two companies if you do not conduct financial analysis papers for both of them. Thus, students do not need to compare ratios and performance of several companies. They just need to look over the financial health of a one particular firm to demonstrate their knowledge about the basic process of financial analysis paper writing in college and universty.

8 Money Habits That the Wealthiest Individuals Practice Regularly

The gap between the world’s rich and the rest of the population continues to grow and be more evident. As the numbers of poor people increase, more individuals are trying to figure out the secret to becoming successful. While it’s true that family connections and luck have sometimes carved out a path of good fortune to some of the richest people on earth, for most individuals who have earned their way to the top, it’s about specific money habits. Here are some of the best money tips for those looking for a little bit of inspiration from the best.

1. Don’t Live Beyond Your Means

One of the biggest problems that plagues many people who have difficulty with their finances is that they live well beyond their means. It’s important, no matter how much money you bring in each month, to develop a modest budget and to stay within it. Spend less time collecting new things and more time experiencing moments and developing new skills. Drive a used, late model car instead of the newest one on the lot, and live in a house you can afford.

2. Stop Playing the Lottery

Another habit that the most successful individuals share is they refuse to buy into the lottery systems that are run around the country. While millions of people get excited at the thought of becoming an instant millionaire with a lucky jackpot, the reality is that winning the lottery is not something that’s going to happen to you. Every lottery ticket purchase is simply a waste of money that could be better spent. So, if you are a lottery player, think about the cost of all of the tickets you have bought, and what you could use the money for instead.

3. Spend More Time Talking to People

The top people who have reached ultimate success in the world also share another important characteristic; they have a way with their words. Taking the time to talk to people is another key factor that helps propel you to financial success. Meeting new people is easier when you open yourself up to a new conversation. This can help expand your network, which puts you in a better position for your career and ultimately, your finances.

4. Avoid Time Wasters

If you want to get ahead, the first things you need to cut out of your life are the big time wasters. Sitting in front of the television for hours at a time, playing video games, and spending the day online for no specific reason are all big activities that produce no viable outcome for those who crave success. If you are looking for something to do in your spare time, take up a hobby instead, such as music, sports, or reading. Hobbies that help you develop a specific muscle or skill are much more likely to help you be your best.

5. Do Your Best Work

The next helpful tip that can give people a greater chance of finding huge success is to do your best work. No matter what you do to earn your money, make sure you do it well. While many of the richest people in the country had various jobs before they made it big, whatever they did, they did it well and with passion.

6. Get Professional Advice for Money Decisions

Those with large amounts of money must also take special care to protect what they have. Wealthy individuals never make foolish decisions about money because they employ the help of financial advisors. Even if you aren’t a millionaire, it’s still a good idea to get advice from professionals for the best path to take with your financial reserves. Following popular wealth advisors, such as Patrick Dwyer’s twitter, may give you some basic advice about what to do in the current financial market today.

7. Focus on Task Completion and Organization

Making a large amount of money can only be possible if you’re constantly working toward completing important tasks and have some sort of organizational system for everything that you do. People who put things off or procrastinate difficult and time-consuming work may struggle to reach a certain level of success. A system of organization is vital to those who want to be able to deal with more demands as they become more prosperous.

8. Make Realistic Goals for Yourself

The last important habit that the richest people in the world are good at is that they make realistic goals for themselves. You can adapt this idea to your own life and career as well. Instead of existing in a life that doesn’t fulfill you and dreaming about a different path for yourself, set small goals that you can realistically achieve. Once you reach a goal, make a new one, until you finally get to where you want to be financially.
Following in the footsteps of the people at the top of the earnings chart can help you get to where your highest financial level may be. When your hard work and smart decisions start paying off, you must continue to focus on your goals and stay the course.

It’s time for business debt to hit the canvas

You’ve given debt a left hook, a right jab and finished it off with a cheeky punt in the knackers – but still, like a zombie rising from the dead, it returns to hound you all the more.

Once your business is on the ropes, no number of southpaws will fix it. The only real way to knock it on the canvas for good is to clean up your business act and get organised.

So it’s time to enact our very own Rocky training montage. But instead of punching a slab of meat and going jogging while wearing an outfit that looks like you should be in prison, we’re going to be training up your organisational skills.

Without the right structure in every section of your operation, your company’s finances will stop looking punch drunk and, instead, be fighting fit. So let’s train you up with these bite-sized tips.

Round one: effective payroll

A one-two punch against any business plan, paying your staff is, as you’re probably aware, a vital part of owning a company, and constitutes one of the largest overheads for every enterprise.

For a small company, the payroll can dominate the time and expertise of HR professionals, meaning you have to hire other staff to cover their more important tasks.

But none of this is necessary if you invest in payroll online, a Cloud-based service that automates the payroll every month, leaving your HR team with plenty more time to help fix your finances. It’s nothing more than a quick sucker-punch to the jaw, but it can make a substantive difference to your financial health.

Round two: chop out the fat

You’ll never see an overweight boxer, at least not one with any kind of future ahead of them. And the same could be said of a company. Your business should be ready to chop out any fat and weed out the weak links.

This can be a brutal process, but it’s a guaranteed way to enjoy a boost in your cash flow. Fire anyone who is wasting your company’s money and you’ll be in a much fitter state.

Round three: buddy up

They don’t do tag team matches in boxing, which is a pity, but having someone else in your corner can be the difference between winning and losing.

To pull yourself from destitution, find a business partner who is in a financially stable position and let them give you a hand. This doesn’t necessarily mean handing over the reins of your company. It can even be something a simple as a short-term loan.

Have you got any tips that could spell KO for business debt? Then let us know in the comments below.

New Business Growth Fuels The Economy

Though small businesses don’t necessarily generate the type of revenue that larger corporations can, they are a crucial part of helping to build local economies. For every small business that is established, there are a plethora of benefits that the local community can take advantage of. This includes new funding for the community, new employment opportunities, and more. Let’s take a closer look at just how necessary small businesses are.

Employment Opportunities

One way small businesses help the economy is through employment opportunities. According to reports from the Washington Post, the U.S. Small Business Administration states that small businesses account for approximately 99.7 percent of all employment opportunities. For the last 20 years, small businesses have accounted for more than half of all new jobs and paid more than 40 percent of the US private payroll.

Tax Contributions

Another way in which small businesses contribute to the local economy is through tax contributions. When consumers support local small businesses, this increases the company’s overall revenue. The more money a company makes, the more they have to contribute to both local and federal taxes. This money is then used to fund schools, compensate for local government employee salaries, and aid with other programs within the community.

Starting Your Own Business

As you can see, small businesses are constantly improving the local economy. The more successful small businesses that are developed, the better it is for the community. If you were thinking of starting a small business to help support the local economy (or simply to ditch your day job), there are a few things you’ll need to secure. Relying on proven online referral companies like www.xrefer.com can greatly simplify the processes below.

Legalities

Before you can legally call yourself a business, there are a few things you’ll need to do. This includes registering the business name, obtaining any necessary licenses or permits to run the business, and securing an employer identification number.

Technology/Equipment

Now you need to invest in certain technology and business tools. In this ever changing digital age it will be important for you to have the necessary technology to accommodate the needs of your target consumers. Certain technology to invest in might include:

  • Computers, laptops, mobile devices
  • Software for accounting, marketing, customer service, etc.
  • Internet services
  • Telephone system

As you’re investing in technology for your small business, don’t forget to protect your company data. Virus protection software, for instance, would ensure that your company information is safe from potential hackers.

Location

Whether you intend to open a pizzeria or an office building, you’ll need to pick the prime location. If you don’t have very much capital to work with, you may want to start out working in your home or renting a property for a low monthly rate.

Website

No business is fully established these days without a well-designed website. Though most of your consumer base is local, digital marketing is presumably the way you’ll go about spreading the word. Website creation is a lot easier than you may have thought. There are plenty of web hosting companies that offer user friendly templates and guides to walk you through the process.

Marketing Strategy

Now your business is pretty much established. All that’s left to do is get the word out about your business and start generating revenue. This is going to require a great deal of marketing. The good news is that since digital marketing is the newest trend for reaching the masses, you won’t have to invest much money right away. You can start by utilizing social media platforms and so forth to reach your target audience. Since you’re a local business, however, you’ll also want to consider traditional forms of marketing, including handing out flyers and advertising within the community.

Being a small business owner is a rewarding experience. Not only does it give you the freedom to do what you love on the daily basis, but it is a surefire way to give back to the community. If you’re thinking about starting a small business in the near future, remember the above mentioned tips and lists of things you’ll need to have to get started.

 

Dividend Growth Stocks for the Win

Without getting too deep into the actual statics of how much of the broad stock market return is based on dividends and dividend reinvestment there are some much more subjective reasons why I like consistent dividend paying stocks, and in particular dividend growth stocks.

Buying a Share of Stock Makes You a Part Owner of that Business and I want to be Treated as Such

It is easy to lose sight of the fact that when you purchase a share of stock you are buying a tiny (albeit a very tiny) fraction of a business.  Well if you were to buy any part of any private (i.e. not publicly traded) business wouldn’t you ask how are you going to share in the profits of the business? If you bought a piece of a diner, would you just accept that you’ll see your real pay day when someone buys it from you years and years later? Obviously, there is something very different from owning a diner and owning T-Rowe Price with regards to liquidity, but none the less I want to be paid for deploying my capital.

Further, I want current management to know that their predecessors have paid a portion of their profits to the owners (shareholders) of the business for decades, and decades, prior.  To not do so should be taken very seriously.

One Day I’d Like to Live off an Income Stream without Eating into Principal

Every month, I screen for undervalued dividend growth stocks and the very first part of that screen is to highlight those stock that have increased their dividend payment to owners every year for the past 20+ years.  Right now, there are 150+ stocks that have paid an increasing dividend each and every year for two decades! To put that into persepective that I can remember (I am 34):

  • Shit show that was the housing bubble
  • 9/11
  • Dot Com bubble
  • Perpetual wars that seem like we are never getting out of

A handful have even been doing it for 50+ years! These companies make it possible (obviously nothing is guaranteed) for regular investors to build their own stream of income that will at least grow with inflation (obviously could out pace or lag inflation depending on the dividend growth of the particular stocks you buy).

A Long History of Increasing Dividends Means That it is Less Likely the Dividend will be Cut in the Future

Everyone has seen the statement, “past performance is no guarantee of future results” and the sentiment of that statement can’t be reiterated enough.  Notwithstanding, if you were on the board of a publicly traded company that has increased their dividend payment since President Clinton was arguing what exactly “sexual relations” means, are you going to be the one that pushes the “don’t increase” vote?  Probably not.  Historical evidence agrees, as a study from Dividend.com states,

While most dividend-paying companies will always claim that they have no plans to reduce their dividends, the results can be quite different. The historical numbers, however, don’t lie. Simply put, companies that have a history of dividend cuts are more likely to make cuts in the future. The same holds true for companies with a history of increasing their dividends.

Stagnant dividend payouts is also unattractive to dividend-minded investors. In general, investors should look for stocks with industry-leading (but sustainable) dividend yields, with a solid history of increasing their dividends.

All this May be Moot if You Invest in ETFs and Mutual Funds

Individual stock purchases are not for everyone, they obviously come with risk not born by large basket type purchases like ETFs and Mutual Funds.

Four Simple Tricks That Can Make Forex Trading a Cakewalk for You

Looking at all those charts, numbers, ratios and graphs, you may feel at times that Forex trading is not your speed. However, if you can practice FX trading regularly and be self-disciplined, you can easily do a self-analysis to know what factors drive the FX trading market and also learn how to keep your emotions out of the equation. Here are four tips or tricks that you can easily use to home your Forex trading skills.

Choosing a trading style

Before you start trading foreign currencies, you need to set a clear and definable goal and also plan a roadmap for reaching there. Based on your specific trading goals, you can pick up a trading method that suits you and your strategy. Understand that each trading method or style has its own set of risks and each one of them requires a very different approach. For example, if you have enough funds that are likely to benefit from anticipated appreciation of a particular trade, position trading is your type of trading. However, you should also determine what kind of trading personality you are.

Choose a trading platform or a broker which you feel comfortable with

You must choose a broker or a trading platform that lets you do the complete analysis of the economic data. Choosing a good broker is the first step, and it is also the most important step in the process. You need to know about the trading policies of different brokers to find more about their market outlook. For example, FX trading in the spot market has little similarity with FX trading in markets that are solely exchange driven. Knowing your broker’s policies would help in a big way since you can know the possible outcomes in advance. However, a reputable broker with a poor platform or a great platform with a worthless broker is equally terrible. Choose a great broker, and then a good platform.

Choose a Forex trading method

Most FX traders have a hard time taking the right decisions for executing their trades. So what information do you exactly need for executing the trades? Successful traders usually look at the underlying principles of an economy or a company and then put everything into data charts for determining the best time for executing the trade. Many others use technical analysis hence use a lot of charts and graphs for executing trades. Where is the main difference between these two methods? While underlying fundamentals need to be analysed for long-term trading, chart patterns actually help in short-term trading.

Direction analysis is important

The contrasting information presented through weekly charts and intraday charts often give rise to much confusion among the traders. You need to wait for the daily chart’s data to sync with the weekly chart data. For this reason only, you need to sync your trading timings.

There is no set rule for Forex trading. The biggest secret sauce of success in FX trading is continuous practice and you should keep this in mind.

Follow CMC Markets to get more tips and tricks to become a successful FX trader in a matter of time.