How much does being ugly really cost?

Being ugly may not only be a detriment to your social life, but it could also greatly hinder your financial potential. There have been numerous studies indicating a correlation between beauty and professional success. And the verdict is…. hot people make more.

Don’t believe me? A study conducted by the Federal Reserve Bank of St. Louis, found that hotties-with-naughty-bodies make 5% more per hour than their average looking colleagues. Even worse, “unattractive” people were found to be making 8% less than average looking persons.

Not only do the attractive people make more money, but they also have a higher statistical shot at landing the job in the first place. Here’s a quote from a CNN article on the study…

After variables like education and experience are factored out, Fed researchers said the “beauty premium” exists across all occupations, and that jobs requiring more interpersonal contact have higher percentages of above-average-looking employees.

And here’s another snippet from a published study in the Annals of the New York Academy of Sciences…

When someone is viewed as attractive, they are often assumed to have a number of positive social traits and greater intelligence.

That means beautiful people (like Justin Bieber) are not just gorgeous, but also perceived as smarter. Now I know why so many people think I’m a geenyus. Haha, get it… “Geenyus”. It’s funny ’cause I spelled it wrong. Man I’m unBIEBERlievable (yeah, I got the Bieber Fever).

Don’t worry though. Even if you are beat-up-from-the-feet-up or tore-up-from-the-floor-up, you still may have a chance at earning a decent wage. That is if you are tall. A study by two professors at the University of Florida found that “tall” people earn a substantially higher wage than their shorter counterparts, with each inch providing $789/year more in income. So, I guess it’s true… size matters 😉

Moral of the story kiddos. Don’t be ugly and don’t be short. Otherwise, it could cost you some major moolah. If you’re not attractive, don’t worry. There is always plastic surgery. I mean remember how good Michael looked after all his plastic surgery…

Have you ever witnessed some beauty biased in the work place? Can any level of “equal employment policies” prevent beauty from becoming a professional factor? Who are some exceptions to the “beauty” rule (think Bill Gates, Jack Black, Amy Winehouse)?

The Ultimate Binary Options Guide For Beginners

 

stock marketFor many people out there, the stock market – including the science and the mathematics of it – is something that confuses and startles them, even frighten, at times. This is probably because as humans we tend to what we do not exactly understand. Given that we may have gotten a glimpse of the stock market but only in movies and television shows, and we rarely get to meet people who have actually invested or gotten involve in stock market.

But as time passes by, more and more people are getting interested and are getting involved in the stock market, because it is fun and you get to really earn from it.  Today we will be providing you all the essential things you need to know about binary options, and by the end of this article, you will no longer have to visit other sites other than this.

Binary options trading is simple and recommended for beginners out there. Since it means “having two parts,” you are only to calculate whether to put or call because binary options trading only has two possibilities of investment. In this light, it is made easy for you to just choose between the two.

Like what was mentioned earlier, you only have two options, to either put or call. “Put” is one of the two possibilities of investment wherein you foretell that the asset you have chosen will fall. The other one is “Call,” it is when predict that the asset you are interested in will rise in the market.

keyboard

Now that you are familiar with how binary trading options work, we will talk about the next step, which is choosing your asset. This step is important because your knowledge of the asset will help you make decisions in the future whether to call or put, and your knowledge of the asset and the market as well will ensure your success in this industry. Perhaps you know a lot about Google. You can do your further research how they have done in the past to help you decide whether this is the asset you want to invest in. If you are confident and it seems like going for Google is the best option among other interests that you have, you may choose them. Your ability to tell whether Google’s value will fall or rise will play a crucial role in your success in binary options trading.

Computer

The beauty of binary options trading is that you can do this in the comfort of your home. Your next step would be to choose a broker. A quick Google search will give you a list of thousands of binary options brokers, every one of them promising something like a welcome bonus. Be fully aware that not all of them are regulated and fully licensed. That is why we recommend you dig deeper into finding their head office, and check for reviews given by other people who have used their service.

Take advantage of the welcome bonus and other bonuses that each of these brokers offer. Welcome bonus is simply the bonus you get when you sign up with your broker. This is a one-time bonus and you can use this money outright to place your trades in the market. Loyalty bonus is when you make a qualifying deposit, you will get a loyalty bonus straight into your binary options account that you can use to place trades for other assets. This means, the more qualifying deposits you make, the bigger the bonus you get from your broker.

Once you have found a reliable binary options broker, you would need to choose an expiry time for your asset and trades. You may place your trades for just a minute and sometimes, if you prefer, you can place trades for 30 days. You must consider the events that may happen and affect your trades in a given time as a lot can happen in just two minutes.

Many money traders have found following news stories by financial news groups to be helpful. We recommend setting up a Twitter account or read online news stories more often to catch up on what is happening in the stock market. You surely would know what trades are hot and are attracting a lot of trades from other enthusiasts like you.  It is also important that you have your smartphone with you and it is equipped with an access to your broker’s site.  You would not know when a possible profitable opportunity is going to be available. That is why having an on-the-go access to your broker’s site is essential. This way you can place your trades even when you are on your way to work, or having coffee with friends.

Some brokers will give you an option for an early exit for any trades you may have made. This means you will withdraw your trade before its maturity. But if you have earned an amount you are already happy about, it is an option to take the early exit to guarantee that you have earned and profited from that trade.

The Internet is filled with numerous gossips on binary options. You will find some websites offering tips on which trade will fall or rise for a fee, but you must resist the temptation and not get fooled by these websites. No one can tell for sure what is going to fall or rise,  and besides, if the website operator does have the ability to predict the next motion, then he should be trading, not operating a site that charges people like you a fee per tip.

Trading is such a fun and rewarding experience that, if you are still not into it now, we suggest you begin today. Like what was said earlier, a lot of people are getting into this industry as the possibilities of earning a profit from trades is high, and you would not even have to leave your house.

Images by skeeze, firmbee, and tomaszzz under CC0 Public Domain.

5 Ways to Smash Debt with the Right Forex Strategy

Whether we want to admit it or not, most of us are victims of debt at one level or another. This unfortunate situation is only expected to get worse. According to analysts, most individuals in the United Kingdom will be burdened with no less than £47,000 pounds of debt by the year 2020. This equates to an aggregate amount of an astounding £2.5 trillion pounds. As opposed to always keeping the collection agency at bay, successful Forex traders can now leverage their strategies and wipe away this debt over time. How can this be accomplished?

Patience is a Virtue

Monumental amounts of debt cannot simply be wiped away with a few trades. Not only is this an unrealistic expectation, but it could also be very dangerous. Those who opt for short-term solutions will often expose themselves to unnecessary levels of risk. It is critical to determine the approximate returns that are expected over standard periods of time (such as months or quarters). These goals can then be tackled piecemeal.

All That Glitters May Not be Gold

Trading platforms come in all shapes and sizes. Of course, not all are equal. Choosing only the most up-to-date and streamlined system is another core component of Forex success. The architecture provided only through CMC Markets is a perfect example of the marriage between form and function. With over 80 technical indicators and thanks to dozens of currency pairs to choose from, the most efficient strategies can be chosen. Thereafter, it is possible to begin chipping away at a mountain of debt.

Small Profits for Big Returns

The basic principle that is adopted by professional Forex traders is that profits need to be accrued over time. This is directly opposed to the myth that “going large” on a single trade is the most prudent way forward. The weight of one pebble is negligible. The aggregate mass of a bucket full of stones is significant. This perspective holds just as true within the world of currency trading. Small returns can quickly add up.

Sustainability

Sustainable trading is associated with not having to deposit additional funds to prime a personal economic “pump”. The only way that a sustainable approach can be enjoyed is to limit the amount of capital put forth within any given trade. In fact, this can be as low as a few percentage points of one’s net account. Regardless of the temptation, it is never prudent to place a lion’s share of liquidity into a single position. This will help to sustain a lucrative position well into the future.

Margins?

Margin trading can be an extremely powerful means to leverage a small amount of capital and transform these limited funds into a massive return. This vehicle is not without its share of risks. Namely, more money can be lost than was initially deposited. Margin trades are excellent options, but be certain to have stop losses in place and to always appreciate the inherent volatility involved.

How to Save on the Cost of Life Insurance

All too often people avoid buying life insurance because they simply cannot afford it. However, it might be that you cannot afford your ideal life insurance policy, but you can afford something for less. The following article will cover money saving tips when purchasing life insurance.

Fifteen money saving tips when purchasing life insurance

  1. Buy cheap term life insurance

Life insurance comes in three main flavors: term, whole, and universal life. One of the best ways to save money on your life insurance premium is to purchase term life insurance. Here is a brief description of each type of life insurance.

Term life insurance is designed to last for the term of the policy. Usually, the term can be anywhere from 10 years up to 30 years. You can even find a 35-year term policy with a return of premium rider. Typically the premium is fixed for the duration of the term with the ability to renew on an annual basis. However, because the policy ends at a specified time (the term) your premium will be less than a product that lasts the rest of your life, such as whole or universal life insurance.

Whole life insurance lasts the rest of your life. The policy builds cash value. Typically the premium and face amount are fixed for the life of the primary insured. You can borrow against the cash reserve. Any interest owed on the money you borrowed against will typically be repaid from the death benefit when you die. And for those who want permanent coverage, single premium whole life insurance saves you on the cost of protection.

Universal life insurance is a permanent policy. It is very similar to whole life but has more flexibility when it comes to the payment. There are three main types of Universal Life: Guaranteed, Indexed, and Variable. Guaranteed Universal Life typically has a fixed premium amount. Indexed Universal Life has the premium you paid tied directly to a benchmark, such as the stock market. So if the market does well you pay less and vice versa. Variable Universal Life allows the owner to invest the policy into various investment vehicles which can make the premium and cash reserve go down or up depending on the performance of the investment index the policy is tied to.

You might need life insurance for the rest of your life. In that case, term will not be the best choice. However, you cannot beat cheap term life insurance for the savings it will provide compared to Universal or Whole Life.

A word of advice when choosing the type of life insurance for you: You need to consider how much life insurance you need today, not some hypothetical day in the future. All too often people get hung up on cheap term life insurance because they are too fixated on what may or may not happen once the term expires. The problem is this misses the point of term life insurance. Term should be used to meet your needs in the here and now.

For example, if you know your family needs $500,000 of life insurance proceeds to pay off the mortgage then you should get $500,000 of coverage. What tends to happen is people will purchase $100,000 of whole life instead of the $500,000 of term they need because they are too focused on the term expiring and “then what?” But consider if that person dies in a few years or few months from now.

That $100,000 policy is not going to do the job. And further, how much will $100,000 be worth in 30-40 years when the insured dies? That is why a healthy husband or wife age 40 and younger should consider a million dollars of life insurance. The idea is to buy the amount of insurance you need in case you die today and deal with the future when it comes.

  1. Have your beneficiary or beneficiaries pay for it

Another great way to save on the cost of life insurance is to have your beneficiary pay your life insurance premium. Often older clients will be saddled with a high premium that makes paying life insurance painful. As a result, many people will simply let the life insurance lapse, cash it in, or sell it for a life settlement because it does not fit into the budget. But a good idea would be to see if your life insurance beneficiary will help or completely pay the premium. After all, they are the one who stands to benefit from the policy. Why shouldn’t they help pay it?

  1. Stop smoking

An important money saving tip on life insurance is to know the requirements of getting a non-tobacco rate class. As you may already know, smoking and life insurance are poor bedfellows. Typically, the premium is three to five times higher for a smoker compared to a non-smoker. To save on your life insurance, you will need to quit for at least one year. There is a company that will offer a preferred rate class after one year of no tobacco use. But you need to quit for at least one year to qualify for a non-tobacco rate. For those of you who use other forms of tobacco besides cigarettes than make sure you apply with a company that has favorable underwriting for tobacco products other than cigarettes. And if your tobacco product happens to be marijuana, make sure you apply with a marijuana friendly life insurance company.

  1. Get healthy

Easier said than done, we know. However, many steps can be taken today that will help you qualify for a much better rate class down the road. And going from one rate class to another can save you between 10-25% on your premium. In fact, the difference between a preferred plus rate class and a standard rate class is typically 200%.

The two primary contributors to getting healthy are diet and exercise. Think baby steps. You don’t need to run a marathon or go vegan. Instead, take small steps to improving your diet and fitness. For example, you could cut down on the fast food you eat or take an evening stroll around the neighborhood in the evening. You would be amazed at how a few small changes can make an enormous difference over time.

If you are currently working on getting healthier but you need life insurance today, consider a cheap term exam or no exam life insurance policy. A 10-year term will provide ample length and you can easily re-apply for life insurance once you have reached your desired health goals six months or so down the road.

  1. Pay annually

Here is an often overlooked tip for saving money when purchasing life insurance that adds up over the years. You receive price breaks by paying less frequently. For example, the best way to buy life insurance is with a single premium policy where you put down a large sum of money to purchase an even larger death benefit. Single premium is a great deal for some who have a lot of liquid cash but for those of us who do not have an extra $50,000 or more lying around, there are still ways to save money.

The lowest premium is the annual premium. Paying your premium once a year will provide you the most savings, followed by semi-annual, then monthly and then quarterly. Yes, quarterly is the most expensive way to pay for your life insurance.

  1. Buy it while you are young

Age is the primary factor that a life insurance carrier will consider when determining your premium. The reason is, the actuarial tables that an underwriter looks at considers your life expectancy above all else. Therefore, the older you are, the closer you are to that fateful day. Therefore, the younger you are, the more money you will save on your life insurance.

For all you 20, 30 and 40-year-olds looking for cheap term life insurance, there is no time like today to lock into a policy. Once you get into your 50s, life insurance premiums jump up around 5-10% year over year.

  1. Avoid Dangerous Hobbies

The dangerous hobbies that do raise a red flag for life insurance companies will either make your premium go up, require an exclusion, or cause your application to be declined. And you will have to wait two years after quitting the hobby to qualify if you do engage in particular dangerous hobbies. For thrill seekers, refraining from dangerous avocations is not realistic. However, if you don’t regularly participate in adrenalin sports and have plans to purchase life insurance, don’t go skydiving or make plans to go skydiving before you secure that policy.

  1. Consider the term length

Here is another great tip to save money when buying life insurance. If you are pressed for cash because your monthly budget is precarious close to swamping you but you want life insurance to protect your family as their primary income source, then consider a shorter term length. There are two distinct advantages to doing so.

One advantage of a shorter term length is the premium will be less because the chances of you dying in 10 years or 15 years is less than you dying in the next 30 years.

Also, most term policies come with an additional life insurance rider called a conversion option that will allow you to convert all or a portion of your policy into a permanent policy at your original rate class. That way, even if you do come down with some condition that precludes you from life insurance, you can convert your term policy to a permanent policy with no proof of insurability.

Further, you can always add additional coverage or buy a new policy when you are not so financially strapped, but at least you have some life insurance in the interim.

Also, be aware that some life insurance carriers offer term coverage for every year from 15-30. That means 16, 17, 18, 19, and so on. So you can tailor a policy to your particular need.

  1. Actual age versus insurance age

Some life insurance companies will use your nearest age to determine your life insurance “age”. How this works is the life insurance company will date you at the age you are closest to. So if someone 44 years old was born in August and they apply for life insurance in March, that person is one year older for life insurance purposes because they are nearer to turning 45, rather than 44.

Now you can backdate the policy to save age but you will end up paying more premium up front to do so and it is not in everyone’s best interest to backdate although at times it makes sense.

Other companies will use your actual age. That means as long as you apply and are approved for life insurance before your birthday then you are your actual age. If you have a birthday during the underwriting period, than you are your new age for that insurance carrier. Therefore, you want to make sure you applied with an actual age company with a few weeks or months to spare to lock into your current age.

The difference between the costs for an actual age company versus a nearest age company will probably be a few dollars. However, for longer terms, such as 20 or 30 years, that will amount to thousands of dollars of savings on life insurance premiums. It pays to know which company to choose.

  1. Know your insurance companies weight chart

Different companies have different build tables. Your build is your height and weight allowance that a life insurance company will use to determine your rate class. Another way to say this is that some companies allow for a larger body mass index than others.

The key for overweight or big boned clients looking to save on life insurance is to apply with a carrier that has a more liberal build chart. As we mentioned above, the difference between rate classes can save you 10-25% on your premium. That is sizable savings over the life of your insurance.

  1. Buy in bulk (discounted rate bands)

Life insurance companies bundle policies in much the same way that a company like Costco bundles its food. You receive a price break when you buy more life insurance. Face amounts $0-249,999 are in the lowest band, although some companies have it $0-199,999. The next typical band is $250,000-499,999. There is a price break at $500,000-749,000 and then another price break on cost per units at $750,000-999,999. Another price break on cost per units at $1,000,000-1,249,999. Therefore, a great way to save on life insurance is to inquire into that specific companies price breaks.

You might find that your $700,000 policy actually costs more than a $750,000 policy because the larger policy had a bigger price break on costs per unit.

  1. Take an exam compared to a no medical exam policy

If every penny counts, then this is another awesome tip for saving money when purchasing life insurance. Life insurance companies want to get a complete picture of who the company is offering life insurance to. Therefore, taking an exam provides a company a complete picture of your health and lifestyle.

As a result, exam policies (called “fully underwritten”) are less than a no exam policy. For those of you with a fear of needles or that have superior health, there are still affordable life insurance companies available that do not require an exam. It is these instances when the premium is very close or when it makes sense to choose a no exam policy versus an exam because of a potential health issue not yet discovered that a no exam policy can save you a lot of time and money.

  1. Consider a second-to-die policy

If your goal is to leave money to your estate, then a survivorship life insurance policy might be right up your alley. With a second to die policy, the premium is lower, up to 40% lower in some cases, than buying coverage on an individual. The reason being, both spouses have to die for the policy to pay out. But if neither spouse needs money, an excellent way to increase an estate and pay any estate taxes is with a second to die life insurance policy, perhaps in an irrevocable trust.

And a second to die policy can be purchased on two business partners, siblings, and many other potential scenarios as long as there is an insurable interest. Buying coverage on two business partners is a great way to create a business succession plan with life insurance, such as funding a buy sell agreement, or key man business insurance.

Are There Readers Who Want to Share Their Story?

When purchasing Punch Debt in the Face we didn’t realize how strong the community still was given Ninja’s lengthy absence.  To say it is amazing is an understatement! At the current time my partner and I are not in the “punching debt” phase of our personal finance journey…but many of the readers may still be, and we want to hear from you.

We are interested in people who want to share their story either on an ongoing basis or even a one-time post.

Getting in Contact

You can either use the contact page or email me directly at ninja@punchdebtintheface.com.

 

 

How to Avoid Debt When Investing

Whilst there are plenty of investors out there who are happy to accrue an amount of debt when starting off (be it down to hubris or confidence), if you’re just getting into trading you’re likely to be fairly debt averse. But you don’t have to get into debt when investing.

If you’ve managed to place yourself in a situation in which you have a large amount of money already, then there’s a huge number of options open for you. You could choose to go into Stock options, binary options, FX trading…just about everything except Spread Betting really. However, lets focus on those that do not have this resource available to them.

If you’re looking to avoid debt when investing, then what you’re really looking for is an investment vehicle with an extremely high potential for returns. Sticking money into FX, or stocks, is good if you happen to have enough capital to deal with the potential risk involved. Those that don’t have enough capital may not be able to spread shares over a varied portfolio, increasing their chances of making a loss.

Penny stocks are something to consider but you can only win if you are lucky enough to invest in a penny-stock that happens to go massive, but it’s not so great if you have a small amount of starting funds and the speculative nature of penny-stocks doesn’t appeal to you. In that case, your best option is probably Binary Options.

Binary Options are an odd choice to be suggesting you put your money into, and they certainly have a very mixed reputation, but hear me out. If you’re looking to avoid debt when investing, then the fact that binary options have predetermined risk whilst still having an incredibly high potential return on investment makes them the perfect choice. Some binary option platforms ensure that traders keep a percentage of their investment, even in the scenario that the trade was unsuccessful. This in many ways prevents the all or nothing nature of trading, giving the trader the opportunity to bounce back with some remaining capital.

Binary Options have, in the past, been associated with people wanting to ‘get rich quick’ – and their subsequent disappointment. As with any sort of investment, going into it blind is a great way to lose your investment. If, however, you go into Binary Options trading having done a great deal of research, then even with a small amount of money available to you, you can make some great returns.

I can’t over emphasize how important research is, in order to gain a crystal clear picture of how to invest your money. Binary Options should be used as a way to create yourself enough of a base to move onto other forms of investment, and as such it is crucial to get your first few investments right. Before you even think about choosing a broker, know everything there is to know about Binary Options, the market you’re investing in, anything that might make a big difference to the market, and the specific commodity that you’re investing in.

It is still very possible that you will lose a very large portion of your investment. That is just the reality of investing – it’s a high risk, high reward business, and doing so with a relatively small financial buffer and without allowing yourself to go into debt makes it even more difficult. But if you can, it’s worth it to successfully build yourself a good financial base with which to continue trading without risking all of your money.

As with any trading, a person should set themselves a limit of money they are willing to spend on investing. They should never use borrowed money or money they simply don’t have in order to get themselves back into black. Traders often set up separate trading accounts away from their current accounts to ensure they stay out of debt. In my opinion, to succeed in the trading business money must be thought about in a strategic manner, traders must not over extend themselves, putting themselves at risk. The most successful traders in all forms keep a level headed temperament, only using capital they can genuinely afford to risk.

Give Your Wallet the Boost it Needs

It happens to everyone at some point in their lives. They open up their wallet or look at their bank statement and the money they need isn’t there. It may only be a matter of time before it happens to you too. Why you end up in that circumstance isn’t necessarily important. It can be as simple as surprise rate increases on all of your utilities or as serious as necessary, emergency repairs to your household’s only car. Whatever it is, it will come with the realization that you need to borrow money in order to make ends meet. In order to make sure you find a reliable loan that’s right for your financial situation, you need to be informed about your options.

Wallet-Boost

Decisions, decision
Whatever part of America you call home, there will never be a lack of choices when it comes to loans. According to the St. Louis Federal Reserve, there are over 20,000 payday lenders across the country. Not all of these lenders will have your best interests at heart, as some will deliberately offer over-sized loans with challenging rates and fees. These sorts of lenders design their terms and conditions in order to set you up for failure. By ensnaring you in a loan outside of your means, they intend to profit from the inevitable late fees and additional interest charges that you rack up.

Other lenders will have manageable, responsible loan products, but their process is too slow or laborious for your situation. Many traditional lenders have lengthy applications that require in-depth reviews of your current finances and financial history. In order to complete this process, they have to communicate with other companies that help them process and facilitate the loan, which adds time to the entire procedure. When time is of the essence or if you have poor credit, traditional loans can’t offer what you need.

Don’t be discouraged
Luckily, usurers and traditional lenders aren’t the only companies that make up those 20,000 organizations. There are direct online lenders that offer responsible access to money without requiring time-consuming, complex applications. These lenders will have a license to do business in your state. This licensing will ensure their rates, terms, and conditions abide by the lending laws set out by your local government. With this accreditation, direct online lenders will provide loans that aren’t outside of the average American’s means to repay.

To apply to a state licensed direct online lender, you need only roughly 20 minutes on a secure online network. From their website, you can fill out a simple form that requires you to prove your income, your bank account, and your email address. You’ll know instantly if you qualify, and you’ll be contacted to verify your information before you’ll know if you’re approved.

Flexibility is essential
Typically, you’ll be approved for a loan ranging between $200 and $500. If you’ve been hit by a series of unexpected bills and other charges that have drained your savings, even this loan amount can be difficult to repay in full within your next payday. In certain states, there are loans that are repaid in smaller installments according to your pay schedule. Instead of having to repay the $500 in one lump sum, you can distribute the total over several weeks.

The particular amount and the associated fees with these installment loans will differ from state to state. For those living in Delaware, Illinois, South Dakota, Texas, and Utah, you should check out Moneykey.com/flexpay-installment-loans-online.php to learn more about installment loans.

This review may take time but it’s necessary in order to find a loan that works with your situation. When you put in the effort to find a state licensed lender, you can find a quick and responsible installment loan to help you cover your expenses – even if your wallet is empty or bank statement is in the red. So open up a new tab now and start your research today.