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Make fast money investing in yourself - Drudge 2017

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Donate your car for Tax Credit



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This bike is $39,000? Can you afford it?



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How to Improve Credit and Beat Debt



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The History of Money


Learn how to Invest in Options

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Investing may seem impossible but you can make tons of money with the right knowledge. Life is all about making choices and the choices you make today can have an impact on your future. Imagine waking up ea┬Črly in the morning without a care in the world. You would not have to get ready for work in the morning. You could stay home with your family and enjoy the unlimited wealth that is coming your way. You would never have to worry about losing your job or the economy because you could create your own economy. Money would come in so fast that you would need help spending it. The choice is yours. Click on the link and learn about investing. You owe it to yourself and your family.


Become a Micro Millionaire

penny stocks

I started trading on the stock market a few years ago. I was into penny stocks because I have heard of guys making lots of money. When I invested in a company, I lost all my money. I felt like a dumb ass for investing. One day I uploaded this application on I iPhone. It was a social media application for investors. The investors would go on the application and talk about the stock market. You could also make trades using the same application. I went to the trending area and noticed a lot of people investing in this one penny stock so I took out a loan for 10k and put it on the penny stock. Within 72 hours, that 10k turned into 19k and this was the biggest return that I have ever received. I sold all my shares of this penny stock and kept all the profits. I could go shopping and enjoy the wealth that I have received on the internet. I do not recommend anyone taking out a loan to invest in penny stocks because you could lose all that money in a few minutes. I do recommend you study how to invest. Make wise choices when it comes to investing and trading because it could change your life.


How will President Trump impact stocks?

stock market crash

Stocks are falling hard ever since Trump was elected President of the United States. The American people do not have any confidence in Trump to lead the country and make America great again. Amazon did very horrible today falling 40 points. I personally lost a lot of money. I was so angry that I sold all that crap. I do not want to invest in stock until Trump is out of office because the American People are full of fear and they will continue to take their money out of stocks. I may decide to invest in bonds but we will see. Donald Trump is hitting America hard and we will see how he will impact the world in the next 4 years.


Planning Your Small Business Financing

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Carrying Out Your Business Plan

One of the aspects that will contribute most to the success of your small business is the right financing. Having a clear idea of your financing needs and the potential sources of financing will form a fundamental part of your planning phase and should be incorporated into your business plan. Financing plays a key role in the overall management of your business - when you have sufficient and timely financing, you will be able to carry out your business plan the way you intended.

Keeping Your Business Running

Financing, as any other aspect of your business, requires planning, consultation, and research. There are many different sources and methods of financing available and you will need to determine what type, or what combination of types of financing would be best for your business. By choosing correctly, you will ensure you have sufficient working capital to sustain your operation through periods of fluctuating cash flow.

Taking Advantage of Opportunities

Having your financing in order will also allow you to make the necessary investments in property, plant and equipment when you need them, and to take advantage of opportunities for growth and expansion, by being able to purchase more merchandise, materials, and supplies to meet a higher volume of customer orders, to hire employees and contract outside services when you need them, and to rent or purchase additional space or facilities when you face growing demand for your products and services.

Cost

Choosing the right financing also directly affects your bottom line. interestcosts can be significant. When you can plan ahead and arrange for collateralized loans, instead of short-term loans or cash advances to pay for major purchases, you can save a considerable amount in interest. When you have analyzed and projected your repayment capacity, you may find that you can meet the monthly payments for a loan with a shorter term, and save a significant amount as compared to a longer term loan. By evaluating the different forms of financing, their conditions, and interestrate, you can use them efficiently, with the objective of reducing your overall financing cost.

Evaluating Your Financing Needs

The first question you may need to ask is whether you really need additional financing, or whether you can manage with the resources you already have. Do you have your own personal sources of financing, such as credit cards, lines of credit, or a home equity loan? And, what is the cost of those types of financing? Are you willing to use your personal credit for your business, or would you prefer to keep them separate?

What Will the Financing Be Used For?

For what specific purposes will you use the financing? If you are using your own personal credit to finance your business, you want to ensure you are using it wisely. If you have friends or family members who are helping you finance your small business, it will be good for them to know exactly how their money is being used. And a bank or other outside lender will want to know the specific purpose of your loan or credit application. If you need the financing to purchase property or equipment, they will probably require that these assets be placed as collateral for the loan.

Timing

Do you need short-term, medium term, or long-term financing? Over time you may use each type of financing, depending on the purpose. The term of a loan or credit will determine the interestrate charged, and the monthly installments. Different timing requirements mean different types of financing. Financing for major purchases, such as real property, or large machinery, would generally be over a longer term and would probably involve a collateralized bank loan. Financing for temporary working capital shortages would be for a shorter term, and you may be able to use a credit card, line of credit, or short-term bank signature loan.

In general, you will find the best financing conditions when you can anticipate your needs and have time to compare different alternatives, rather than having to borrow money quickly when you are under pressure to meet your current obligations.

Economic and Market Conditions

How are the economic conditions in the market or industry in which your business operates? In general, financing will be more readily accessible when the market or industry is in a prosperous period, with sustained growth. And on the contrary, it may be more difficult to obtain financing when times are hard, or your industry, market, or geographical area is in decline. Nevertheless, monetary measures to reduce interestrates and stimulate the economy could work to your advantage during these hard times.

Risks

What are the risks associated with the financing? You should evaluate risk from both sides. If you do not get the financing you need, your business may not grow and prosper as you would like, or it may even be in jeopardy as a going concern if you cannot meet your obligations. On the other hand, if you obtain financing you run the risk of default if things do not go as well as you expected and you cannot meet your payments. Your creditors will want to reduce their risk in lending you money, and if you can evaluate and weigh your risks, you will be in a better position to make good decisions about your financing and convince your creditors that you are a good credit risk. Risks should not be either over or underestimated - they should be evaluated clearly and objectively.

Management

How strong are you or your company's administration in managing credit and finances? Good management is a key factor that lenders will take into consideration in their decision whether to grant credit to your business. If you do not have the expertise or time to manage your business finances, you may need to hire a financial manager, take on a financially-oriented partner, or seek the assistance of a financial advisor or consultant.

Alignment

How do your projected financing needs align with your business plan and strategy? Does the need for financing form part of the original plan, or is it due to some unforeseen circumstance? When the need for financing is incorporated into your business plan, with clear projections of future cash flows showing how you plan to repay loans and credits, your potential lenders will probably feel more confident in your repayment ability because you have already taken it into account. You will also have a reference point and guideline to help you in managing your finances.

Evaluating Your Likelihood of Obtaining Financing

By being aware of some of the criteria lenders may take into consideration in deciding whether to grant credit to a small business, you can prepare yourself, and make any necessary modifications or changes to enhance your chances of obtaining the financing you need.

Personal Credit Score

What is your personal credit score, and how is your payment history and credit report? If you are a sole proprietor, your personal credit score will be an especially important factor in determining whether you can get financing. When you are just starting your own business, this will be the basis a potential lender will use to evaluate your capacity to repay a loan or credit.

Personal Guaranty

Are you willing to provide a personal guaranty for the loan or credit? If you are a sole proprietor you are liable for your business debts anyway. But if your business is set up as a partnership, limited liability company, corporation, or S corporation, lenders might request a personal guaranty from one or more of the partners or owners of the company before granting a business loan. This gives the lender more assurance, especially if the person providing the guaranty has a good credit score and payment history, and perhaps has a history with the same lender.

How Much Do You Have Invested?

Do you have a sufficient amount of your own personal resources invested in the business? It is normal for lenders to expect owners to have their own resources invested in the business. This shows the lender that the owner is taking the business seriously and trusts in its chances for success. The amount of capital the owner should have invested will depend on the nature and size of the business, but it is reasonable to anticipate that lenders will expect the owner to have contributed at least 10% of the business capital.

Experience

Do you have experience in managing your own business? If you are starting out with a business of your own for the first time, it will be important to show potential lenders that you have professional experience, expertise, and skills in the business you are undertaking. Your entrepreneurial skills may not yet have been tested, but you should be prepared to convince potential lenders that you are capable of managing the marketing, commercial, financial, and administrative aspects of doing business.

Can Your Business Repay the Loan?

This is the real question lenders want answered. If yours is a business with demonstrated profitability and a proven record of making payments on time, you have a very good chance of obtaining financing. If your business is not yet profitable, you will have to make a convincing case of how you intend to turn things around.

When you are just starting a business, it will be important to provide as much data as possible about businesses comparable to yours, or industry statistics that show that your business can generate the income and cash flow necessary to be able to make the payments.

Does your business have any property it could place as a guaranty of payment of the loan? Lenders want certainty with regard to your ability to repay. Property pledged as a guaranty gives them more certainty in the event you are unable to make the payments. So any business property you place in guaranty will considerably increase your likelihood of obtaining financing.

How Much Debt does Your Business Already Have?

When a business has too much debt, its earnings and its cash flow go toward making payments on the debt and are not available for reinvesting in the business to generate more income. This can affect your ability to continue making the payments on already existing loans. Therefore, it will be more difficult to obtain even more loans. You should keep your debt to equity ratio as low as possible, without losing the leverage that may be beneficial or necessary for your business.

Compliance Issues

In order to obtain financing, you should have a clean record in the sense of having filed and paid all your personal income tax returns and those of your business. If you are an employer you must have paid all your social security and Medicare taxes, federal and state unemployment taxes. You must also have paid all local property taxes, and any other fiscal obligations.

By evaluating these different aspects, and trying to objectively answer these questions, you will have a much clearer idea of your financing needs and will be much better prepared to answer the questions a potential lender may ask. You will also feel more confident, you can look for the most appropriate sources of financing, and will be able to obtain the most effective and efficient financing conditions for your particular business.


Finance 101: Why You Should be interested in interest

money

Do you know what the word interest means in the context of money? In general terms, interestis the money that a borrower pays for the right to borrow money. When a bank loans you money, you will repay the loan plus interest. When you loan money to another person or keep it in the bank, you will earn that money back plus interest.

Simple interestVs. Compound interest What Is Simple interest?

Simple interestis the rate of return that you can expect when you lend money, or the amount that you will pay if you are repaying a loan. For example, let's say that you borrowed $100 with an interestrate of 5 percent on a loan that compounds once annually. At the end of the year, you would have paid $105 for the right to borrow $100. Conversely, you would have earned $105 for lending $100.

What Is Compound interest?

Compound interestis the amount that you receive or have to pay based on the balance left on the loan. Let's again say that you borrowed $100 with an interestrate of 5 percent. However, this time, the interestis going to compound on a monthly basis.

What this means is that your balance owed or the balance that you are owed will grow slightly larger at the end of the month. Let's take the example a little further and say that you paid back $20 in the first month of your loan repayment period. The numbers would work out like this:

$100 (Original Balance) - $20 (Your Payment) = $80 x .05 (5 Percent Compounding) = $84

At the end of the first month, you would owe $84 due to compounding interestdespite the fact that you repaid $20 of your original loan. What does the math look like if you invested $100 instead?

$100 (Original Balance) X .05 (Monthly Compound) = $105

The beauty of this is that the next month, you will earn 5 percent on $105 instead of just $100. Over a period of a few years, you will double your investment without having to do anything to earn it. That is why it is important to start investing early if you possibly can.

How Often Does interestCompound?

Typically, interestwill compound on a monthly basis. However, it can compound on an annual, quarterly, monthly or weekly basis. In some cases, it can compound on a daily basis. Student loans and credit card companies usually compound intereston a daily basis while auto lenders and secured lenders tend to compound intereston less frequent time scale.

When it comes to putting money in the bank, there are several options for you if you want to compound your intereston a regular basis. Putting your money in a savings or checking account with an online bank can yield an interestrate of roughly 1 percent that compounds daily. When you put your money in the stock market, you are also witnessing the magic of compound interest. In the right stocks or funds, $100 could become $130 in a single year.

APR Vs. APY

One final important point about interestand interestrates concerns the difference between APR and APY.

What Is APR?

APR stands for Annual Percentage Rate. This is the rate that you will pay each year on the remaining balance of your loan. The lower this number is, the better off you are. In some cases, borrowers with really good credit can get an APR of 0 percent.

What Is APY? APY stands for Annual Percentage Yield. In other words, this is the amount of money that you are getting in interesteach year on money that you loan to others. You want this number to be as high as possible. The rate that you get for your money could be determined ahead of time or you may be able to determine the rate on your own.

interestrates can influence the amount of money that you borrow or if you want to borrow at all. Always look for the lowest possible interestrate when you borrow and attempt to get the highest interestrate when you lend. Now that you know a little bit about interest, you can keep more of your money and make it work for you.

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