Archive for the 'Uncategorized' category

Manifesting Better Finances Through Subliminals Audios

Jul 13 2020 Published by under Uncategorized

When we are at the point in life where we need to ensure our money and finances are doing alright, some people might be discomforted to see and realize that their money situations might need some help.

This is about changing our minds and brains to help us act and think differently. We know that we might need a better financial situation and subliminals can help us by gradually changing our thoughts to encourage better money related habits.

Somehow too much of society started accepting and practicing inefficient and poor money habits that literally brought their finances down to very low point.

It is clear that a lot of people want to change their finances for the better, but it is not clear how this might be achieved over time and that is where subliminal usage comes in.

We just have to accept that very particular subliminal audios can be used to change and shift our thoughts into something far more desirable. They can hone our mental and emotional focus so that our lives change for the better both in the short term and in the months and years to come.

Consistent listening is required to reap the greatest rewards from subliminals, but that is one of the new positive habits that the audios can help us achieve. As you listen more your brain and life start to reflect very deep and dynamic changes over time, and that is why these audios are so powerful.

Some might be hesitant and almost doubtful that such deep and drastic change can come from listening to subliminals, but this is about using the audios and they have to be listened to in order to gain their benefits.

That is why a lot of people stay stuck and idle in their money lives because they do not change their habits over time, and they do not do anything that can immediately alter and shift their mental and physical habits in a very short period of time.

Subliminals can be used to enact very powerful and deep change, but the consistent listening part is where a lot of people fall away and that is simply not a problem when you consider how immensely powerful they can be on our lives.

The only drawback is that you need to keep listening in order to gain the higher benefits and advantages that the audios can bring you, and for most of us that isn’t much of a problem considering how deeply our lives and finances will change over the coming weeks and months.

Comments are off for this post

The Essentials Of Home Ownership FINANCES

Jul 13 2020 Published by under Uncategorized

Wouldn’t it be nice, and make more sense, if, potential homeowners, fully considered, the essentials of FINANCES, and planned, accordingly, to achieve their finest goals, expectations, and needs? Since, for most of us, the value of our house, represents our single – biggest, financial asset, shouldn’t we prepare, as well as possible, and proceed, with, eyes – wide – open? With that in mind, this article will briefly consider, examine, review, and discuss, using the mnemonic approach, why this, so often, makes the difference, between truly enjoying owning a home, and becoming overwhelmed, and needlessly, stressed, by the day – to – day, obstacles, of home ownership.

1. Funding; future: If we, first, examine and consider, as many areas of funding, etc, as possible, we reduce much unnecessary, and avoidable stresses, and hassles. Prepared homeowner, look, at both, current, as well as future needs, and structure, a relevant, quality, financial plan. Most only consider the need for having a down – payment, but overlook the necessary, future reserves, for repairs, renovations, upgrades, maintenance, and, in case of an unforeseen setback. Doing so, requires, a large degree of focus, and discipline!

2. Intentions: Know your personal intentions, before buying a house. Are your plans, to keep it for the longer – term, or, simply, as a starter home? This will dictate, the best way, to organize your personal finances, as it relates to owning a home, of your own!

3. Needs: Do you know, both, your present needs, as well as probable future ones? Those who plan, accordingly, are usually, best – prepared, and enjoy home ownership, in a less stressful way!

4. Asset: Think of your house. not only from an emotional perspective, but, also, as the most significant asset, in your portfolio! Protect it, by preparing for potential eventualities!

5. Nervous: It’s normal, to be, somewhat, nervous, about being a homeowner. The better you plan, and prepare, the happier, and least stressed, you will be!

6. Choices: You’ll face several choices, throughout the process, from the house – hunting, beginning, to owning a house. What kind of house, and property, do you need, will meet foreseeable future needs, and will satisfy, much of what you want, seek and desire? What renovations, upgrades, etc, might align with both your emotional, as well as logical components?

7. Emphasis: Don’t try to keep up, with the Jones’, but determine what’s most important to you, and where you should place, your emphasis!

8. Service; solution: What will serve you, and what is your solution, to aligning and coordinating, your approach, in a head/ heart balance?

The wisest homeowners consider, and prepare, their FINANCES. Will you be, your best friend, or, own, worst enemy?

Comments are off for this post

A Finance Approval Can Be a Moving Target

Jul 13 2020 Published by under Uncategorized

Financing equipment in all markets is always a slightly moving target. Hard credit rules are constantly changing because underwriters and credit teams are pressured to make the right decision; their jobs depend on it. The squeeze on one end for lenders is to minimize bad debt by avoiding financing clients which end up in default. On the other end, lenders and investors need to make a profit and federal regulations require they approve a certain number of loans. The scenario is frustrating for both the customer and finance agent but we can confirm that investors are still lending and approvals are much higher than last year.

What are some common approval guidelines?

Complete financial disclosure is best for getting a quick decision. Knowing what your credit, assets, liabilities look like and how your company is performing will provide the underwriter a complete picture thus allowing them to offer the best terms possible. Hiding bad debt almost always comes out and simply delays or terminates the evaluation process so put all your cards on the table. Explain specific losses or why certain bills went unpaid.

Check your own credit score or Dun & Bradstreet report; if something negative pops up then work to correct or repair it before you fill out an application; there are many agencies which help correct or fix credit quickly. Rectify the issue and have proof that it has been cleared; this step will show the underwriter that your credit is being managed properly.

If you’re a smaller business, be prepared to PG (personally guarantee) your finance. It’s a blanket guarantee with your assets as a pledge that you will make your payments. If you don’t, then like any creditor, they will leverage or take your assets to repay the debt. Years ago, small businesses were not regularly asked to PG but now, they are. Lenders feel if you don’t “believe” in your business and prepared to stand behind it, then why should they. Side note; often high net worth individuals with poor cash flow feel they should get approved based on how much they are worth. This is often not the case, lenders are not in the business of filing lawsuits and chasing after assets for repayment which often results in a loss to them anyways. They want to lend to businesses which have a high probably of paying them back through their normal business operations.

Finally, write a brief summary of yourself, your business and why the finance request will benefit your company. Whether you are the vendor or the borrower, putting a human touch to the finance application goes a lot further than many people realize. Describe length of time in business, who the owners are with brief background, what products you sell and areas or markets you serve and describe the opportunities. It’s how you would describe the business in a two minute introduction to a stranger.

This market requires awareness and flexibility on both sides of the transaction; it’s not what lending was five years ago but in the long run it will be much better for all of us. Remember, you’re asking to borrow money from a stranger who has to be comfortable with your ability and willingness to pay them back.

Comments are off for this post

Empowerment and Equality and Your Finances

Jul 13 2020 Published by under Uncategorized

The slogan “girl power” has been used for decades to encourage and celebrate female empowerment, independence, and confidence. The term used most often relates to sports and employment; however, new studies are showing that women need to exert their girl power when it comes to finances and financial planning.

A recent study released by UBS shows that 58% of women worldwide defer long-term financial decisions to their spouses. This study included nearly 3,700 high-net-worth married women, widows and divorcees in nine countries. The results of the study showed that 85% of women were responsible for the day-to-day finances; just not the long-term.

What is really interesting is the generational span of this survey and, most notably, the generation most likely to allow someone else to control their decisions: millennials! Millennials are a generation well known for promoting equality and empowerment. Unfortunately, the survey results indicate the helicopter-style parenting millennials were raised with, where someone else is always ensuring their well-being, has bled into the financial realm. Fifty-nine percent of millennial women aged 20 – 34 are more likely to allow their spouse to take the lead compared to 55% of women over 50. The general excuse from the younger women is they have “more urgent responsibilities than investing and financial planning”. Even more contradictory to the equality movement is they “believe their spouses know more about long-term finances than they do”.

The challenge this arrangement poses is the lack of preparation and understanding should a life event such as death or divorce occur. The report noted that 74% of the widowed and divorced women it surveyed reported “discovering negative financial surprises after a divorce or death of their spouse.” Hindsight resulted in 74% of these respondents wishing they had been more involved in long-term financial decisions while they were married, rather than trying to navigate them while coping with such significant life changes.”

The ideal solution is for both partners in a relationship to be aware of both the short- and long-term aspects of their finances. Whether you are married, engaged, common-law or committed, financial planning is another part of creating a responsible long-lasting arrangement between two parties. In this age, knowledge really is power. So be powerful, take control of your money.

Like the saying goes, the first step is recognizing the problem. Take the next step in addressing the problem.

Comments are off for this post

Finances Are Vitally Important

Jul 13 2020 Published by under Uncategorized

It is a true saying that you cannot get along without money. Finances are vitally important in the lives of everyone living upon the earth. There may be some places where money is not the medium of exchange, but some type of trade must be used to obtain the necessities of life.

People who do not work and earn money or who are not gifted with money must find a way to obtain funds. Most often, people work for the money they get. They are traded dollars for time and expertise. They receive pay for doing a job or some kind of service.

People sometimes beg, borrow, or steal to get what they need or the money necessary to buy the things they feel they require. Beggars on the street are not exempt from the need for money. It is something everyone needs to some degree.

Just as no one will get out of this life without trials, financial hardship may come to most people at some time in their lives. The challenge to secure funds which are not readily available can cause much stress and difficulty. Sometimes it is through no fault of their own that people suffer the consequences of not having enough money.

That is what happened to Japanese Americans during World War II when around 120,000 persons of Japanese heritage in the United States were forcibly removed from their homes on the West Coast. They were placed in what have come to be known as American concentration camps. The hastily constructed barracks and other buildings in these camps were placed in desolate and remote areas of the country. People were taken there and incarcerated, most for the duration of the war.

As soon as the bombing of Pearl Harbor happened by the Imperial Navy of Japan, Americans and immigrants of Japanese descent were immediately looked upon as the enemy. Most of those living in the United States were American citizens. Their lives were immediately thrown into chaos as their bank accounts were frozen and their livelihood was threatened. They faced extreme financial hardship as most of them lost nearly everything they possessed. Their material goods were stripped away, and financial ruin loomed as the likely consequence as they lost their jobs. Life was dark and uncertain.

After spending over three years in the unjust confinement of the camps, these people were released at the war’s end. They tried to resume their lives and tried to earn money again. Financial problems were many and extreme. Yet most persevered and eventually came out ahead.

How did they do it? They became successful because they worked hard. Although they still faced racism and discrimination after the war had ended, they did not give up. They faced many adverse financial situations and problems, but they forged ahead with determination. Future generations benefitted from their determination and hard work.

Comments are off for this post

Canadian’s Personal Finances Fiscal Cliff: Are We There Yet?

Jul 13 2020 Published by under Uncategorized

Today we hear much talk about the USA’s economy approaching the so-called “fiscal cliff.” What about your personal financial affairs? Are you at the fiscal cliff as we inch toward 2013? Canadians are swamped in debt. Monthly, we read about the rising debt-to-disposable income ratio that stands now at around the precarious 164% level.

Although the world and many at home commend our government for its brilliant fiscal management, few warn about the unsustainable personal debt levels. Indeed, our central bank chief, Mark Carney, accepted an appointment to a similar role at the prestigious Bank of England. Will his legacy here be that of hero or villain? Will history show that he held interest rates low for too long, encouraging many folks to take on debt they cannot afford?

To his credit, he, our finance minister, and prime minister have been warning Canadians about these dangerously high personal debt levels. However, Carney could curtail the rise by raising interest rates. Sure, higher rates will dampen current slow economic growth. Even so, I think short-term pain is better than the likely personal finances’ crash that might happen if debt remains at present levels, or grows.

What can Canadians do to avoid their fiscal cliff? Let us examine three vital steps.

  1. Accept you are dangerously leveraged.
  2. Set a mechanism in place to live with declining debt
  3. Develop a new vocabulary to guide your behavior

Accept You Are Dangerously Leveraged

You can’t solve a problem unless you recognize it. Do you think you are carrying too much debt? Your banker might tell you no; however, you alone can answer this. Take a helicopter view. What are you and your family’s emotional responses to your debt? Are you worried? Can’t sleep? If yes, you have too much debt. Certainly, look at ratios, but this is the key barometer.

The emotional cost of debt is the first and the most significant cost. If debt is 10% of income, and is causing problems for you or at least one in your family, it is too much. Still, you must accept reality and decide to live with it, take on no more, and start a debt free lifestyle.

If you are a Christian, give this emotional stress to Jesus (Matthew 11:28).

Set A Mechanism In Place To Live With Declining Debt

People are impatient. We live in a now society. Sadly, probably you got into debt over a long period, and it is likely you will get out over an extended time. Accept this fact and learn to live with it.

Develop a strategy to live in your debt. Look at how you got there; draft principles to prevent a recurrence; and then write a financial plan – alone or with help. The plan should show concisely how, by following your principles, you might be debt free in a specific time.

If you got into debt by impulsive spending, you might develop a principle never to buy without a list and a budget. As well, when you feel you need to spend, you might want to wait 24-48 hours during which time you would talk with your spouse or accountability partner.

You will have to find what might work for you, decide if you need help, and try to get it.

Prepare a debt-meter and place on your fridge. Monthly, as you repay debt, adjust the debt-meter.

Develop a new vocabulary to guide your behavior

This sounds easy, is simple, and when you get it, will be your most effective debt control “tool.” What you believe will decide how you behave. If you believe emergencies happen and cause you to spend erratically, you won’t change your behavior. However, if you believe that apart from the timing, most “budget emergencies” can be planned and should be planned by setting aside funds regularly to meet them, you will plan accordingly.

Your car will need repairs. It will need new tires. Your furnace will go, and so on. The issue here is timing. You don’t know when these potential budget busters will happen. Even so, you know they will occur, so create a capital fund, a rainy-day fund, emergency fund, or some other means to save for these predictable events. If you accept this fact about emergencies, and understand that to get there you must sacrifice today’s consumption, this is the start of your major victory over debt.

Another key vocabulary change is to accept that you can’t mange money, you can manage only your behavior – change from money management to lifestyle management.

Summary

As we enter 2013, look at your finances. You will know if you are at the fiscal cliff. Rest assured, you do not need more money to get you through, first, you need to accept where you are. Next, set a mechanism to live where you are as you work off your debt. Then examine your vocabulary, your beliefs, and adjust them to reality.

I pray you will turn away from easy seductive credit and start moving away from debt.

(c) Copyright 2012, Michel A. Bell

Comments are off for this post

Confidential Cash Flow Factoring – Turn Accounts Receivable Into Your Best AR Finance Strategy

Jul 13 2020 Published by under Uncategorized

We are going to demonstrate how a little known, and in our opinion almost a secret strategy can called confidential cash flow factoring can turn your accounts receivable into a virtual cash flow machine, turning past AR finance obstacles into cash flow solutions!

Search engine analysis will show you that thousands of Canadian businesses search everyday for what they hopefully believe will be valuable information around the most popular method of business financing today. Those businesses, of all types and sizes by the way (even the largest corporations in Canada) want to know why cash flow factoring offers unlimited unlocking of cash flow based on your sales and receivables.

Initial explanations and overviews to clients sometimes become bogged down in key issues such as the cost of this method of AR finance, and, equally important, is the unwillingness of some clients to accept how invoice discounting (that’s another name for this type of financing) works.

Canadian business owners and financial managers want to like a good thing, at the same time they want to know how it works and how they avoid any pitfalls. Lets discuss the ‘ how it works ‘ portion first and then share with you the method we believe eliminates the major pitfall perceptions viewed by many firms considering this type of financing.

We’ll focus on small and mediums sized business – the larger corporations have access to all sorts of financing and external finance strategies – while the small and medium sized businesses in Canada tend to rely on their own cash flow to fund their ongoing growth and working capital. In fact many firms realize they have potential to grow sales and profits, but cant because of that lack of working capital.

Back to the ‘how it works’! Cash flow factoring of accounts receivable is the ongoing sale, in whole or in part of your sales invoices as you generate them and deliver products and services to your customer. The invoices are purchased at 1- 3% discount from yourself, and you receive cash, 99% of the time the same day, for those sales. So, in effect all your sales now fuel that cash flow machine you have turned your company into.

So far, so good, right? Where complications arise, especially in Canada, is the fact that this type of financing requires your client to be notified of the process, directly, or indirectly, and payments are required to be forwarded to your factoring finance firm. Canadian business, in our eyes, has a reluctance to involve their customers in their internal financing policies, and challenges. As a result, many firms are skeptical of entering into AR finance of this manner.

Is there a solution? We told you there was – it’s a breakthrough called confidential invoice discounting. This type of financing comes at the same cost, allows you to bill and collect your own receivables, and gains all the benefits of that cash flow factoring machine we turned your company into.

Speak to a trusted, credible, and experienced Canadian business financing advisor who can put you into a proper AR finance facility, allowing you to reap the benefits of cash flow invoice financing, while at the same time allowing competitors, customers, and vendors to remain exactly where you want them to be, outside your financing strategies and challenges! Let’s let your competitors try and figure our how you’re doing so well in both growth and profits.

Comments are off for this post

Merits and Demerits of Debt Finance

Jul 13 2020 Published by under Uncategorized

Debt financing means to borrow funds or to arrange for investments from external sources. Large scale businesses and organizations are not able to run all their affairs from their own capital so it is usual for them to take loans. The most prevalent example of this type of finance is the loans taken from banks. The amount of the loan is to be repaid in agreed installments along with interest at a specified rate.

Merits of Debt Finance:

Following are the merits of debt finance:

(i) Scope for Expansion: Debt financing allows business to expand its operations. New branches can be opened in other cities and countries. New lines of business can be adopted to increase revenues. The easy availability of credit encourages entrepreneur to take new risks and float new products. It also enables businessmen to increase the scale of their operations and to upgrade their products in time.

(ii) Research and Development: Debt financing allows the process of research and development. Loans taken from banks can be used to accelerate R & D activities. Earning potential of the company increases when the research hard products are floated in the market. The new innovation, besides increasing companies reputation, also reduces its cost of production.

(iii) High Profit: Due to expansion of business and use of new techniques the revenues and profits of the business also grow. Huge revenues means that there will be a room for further expansion of the business. Higher profit can also be used to repay the bank loans. Thus increasing the solvency of business.

(iv) Ease of Working Capital: Debt financing helps in maintaining adequate working capital of the business. It also provides a room for making regular payments easily.

(v) Revival of Sick Units: Debt financing may be used to give a breathe to the sick industrial units. The organization’s loans can be rescheduled and new credit can be taken for such units so that they can start their production. Besides providing finance, proper supervision and guidance should also be given. All this will rehabilitate the sick units and can help them to be successful and profitable units.

(v) Saving from Insolvency: Debt financing may be used to save the business from insolvency. In case any essential payment is to be made and there are not enough equity funds then a loan can be taken to make payments and to save the business from insolvency.

(vi) Tax Advantage: As the interest charge is subtracted from net income before applying tax rate, so this leads to lower tax liability.

Demerits of Debt Finance:

Following are the demerits of debt financing:

(i) Interest Payments: Very huge amount out of net profit of the business have to be paid on account of interest on borrowed capital.

(ii) Depression: If a business comes under depression and losses occur, then the payments of interest could become a great problem due to inadequacy of funds.

(iii) Suit Against Business: Creditor can file suits against business if business fails to make payments as agreed.

(iv) Seizing of Collateral: If the business fails to pay interest on capital amount of loan the bank could seize the collateral or mortgaged property.

(v) Risky Investment: If a business is already running on the huge borrowed capital, further investment in a business becomes risky. This risk discourages investors. Banks also hesitate to grant loans to such business which are already under debt burden.

Comments are off for this post

The Finance Lease Option and Why Ford Transit Custom Is So Attractive a Lease

Jul 13 2020 Published by under Uncategorized

Van leasing is a common and popular option among business owners. Varied finance methods are available for those who are interested for leasing a van. Finance lease is a particular type that is rapidly gaining popularity among the business owners scouting for a van to lease.

What in the World Is a Finance Lease?

The finance lease is used as a payment mode for businesses to pay for assets such as vehicles. The business is able to acquire vehicles and use it for the period of the lease. This commercial agreement is characterized by the following:

• The business or customer, the lessee in legal terms, gets to pick a vehicle of his choice.

• The leasing company goes out and buys that particular vehicle for the lease.

• The business looks after and assumes responsibility for maintaining the vehicle.

• The business or the lessee is bound to pay monthly rentals for the period of the lease in exchange of the asset.

Usually it is found that the monthly rental is arrived upon by taking into consideration the following things:

• The price of the vehicle initially minus the taxes like VAT or as applicable.

• The leasing period

• The vehicle’s residual value plus the applicable interest.

It is to be noted that in such an agreement the finance company retains legal ownership of the vehicle during the period of the finance lease.

A finance lease comes with its own sets of advantages:

• Capital outflow is kept within means and at a minimal

• The monthly budget remains precise and certain.

• Agreements may also be made with interest rates that are fixed

• One can recover a large portion of the VAT or other applicable taxes according to the laws of the land.

• As an option one may also chose to have the vehicle replaced in case of vehicle failure.

Why You Want To Go For a Ford Transit Custom

Fuel economy is rapidly gaining grounds for manufacturers of vans as a marketing tool of great value. As fleet operators testify Bluemotion, Econetic, Ecoflex and other keywords that signify a new vigor in fuel economy find takers in plenty.

The CO2 emissions have also forced the van leasing community to take a closer look at such vans among which the Ford Transit Custom DCIV is so typical.

The engine along with the state of the art sophisticated right off-the-shelf features that are distinctively superior to the fuel saving features of other conventional vans.

There is no dearth of new technology also, such as Acceleration control that cuts down on fuel spend in a big way. Tires, brakes and other components are also spared of some of the torture.

Driving in urban scenarios is made with ten percent less fuel consumption in the Econetic model that boasts of a standard stop-start. Some models also sport of a switchable seventy miles to the hour speed limiter, an unique and innovative engine calibration, an optimized gearbox that has a six percent longer final drive ration and the like.

However the Transit’s Econetic has struck a chord with the van leasing community which other van manufacturers would be eager to investigate and replicate.

Comments are off for this post

Reasons to Choose Mezzanine Finance

Jul 13 2020 Published by under Uncategorized

If you are not specifically involved in banking or are not familiar with the features and offers that it has to offer, it is highly likely that you won’t be familiar with mezzanine finance. However, that doesn’t imply that it won’t be of value for you. It is more than likely that you are missing on a feature that your local bank has to offer. If you have recently came to know about the term and are looking for more information regarding it, then you have landed on the right page. The information mentioned below about mezzanine finance is going to help you a great deal.

If all you are looking for an incredible and a rather combination of equity financing and debt, the mezzanine finance is exactly what you are looking for. A number of companies are not making use of it in order to finance the expansion costs in an appropriate fashion. According to the requirements, timely payments are to be made on the loan or equity interest or even ownership will be given to the lender in the company. However, it is to be kept in mind that the interest rate on such loans are tremendously higher than the ordinary ones and do also happen to be for short term as well.

There is no argument over the fact that the benefits that mezzanine finance has to offer are numerous to say the least. And before you go out opting for this sort of finance, it is of prime importance that you are familiar with the benefits that it has to offer in order to analyze whether or not such benefits are going to be suitable or valuable for you and your company. Taking this into consideration, we have mentioned a few of the prominent benefits that such finance option has to offer.

You may be familiar with the fact that your company’s cash flow plays a vital role if you are looking forward to apply for a traditional loan. However, more often than not, the company’s cash flow may not hit the mark that is determined by the financial institutions hence making an application for a traditional loan almost impossible. Equity investors may be a suitable alternative to the aforementioned issue. However, it is indispensable to mention here that equity investors are probably the most costly option for the capital since under such circumstances; capital has to be exchanged with the ownership in the company.

This is exactly why mezzanine finance turns out to be a commendable option since it enables you to get the amount in cash that you need without having to let the lender have an ownership in your company as long as it ensured on your part that the debt is being paid in a timely fashion. Furthermore, such a kind of financing option appears as equity on the balance sheet of the company which enables the owner to apply for traditional loans in a much more convenient fashion.

Taking the information mentioned above into account, it is only fair to conclude that mezzanine finance has a number of different benefits to offer that you must look for if you own a company and are looking for a loan. The benefits that such a kind of finance option has to offer over the traditional loans make it an absolutely worthwhile option to consider. Rest assured, you are certainly not going to have to regret making the decision of choosing mezzanine finance over traditional loans provided that you are capable of paying the debt in a timely fashion.

Comments are off for this post