All posts by root


Things To Consider When Starting A HVAC Business

When starting a business, there are several things to consider. Of course, you have the general considerations such as location, size of your staff, and initial investment requirements. But when starting an HVAC business is essential to take the following into account:

Get financing

Financing is a significant factor if you plan to start an HVAC business. You will need to get financing to buy the equipment you need and pay for all of the other expenses that come with starting a business. Finance companies for HVAC contractors can be found online.

There are several different types of financing available, including:

Personal loans: These are unsecured loans that you can use to pay for business expenses. They typically have a lower interest rate than business loans but higher interest rates than business credit cards.

Business credit cards: These have lower interest rates than personal credit cards, making them more attractive for businesses. If you use them wisely, however, they can help you keep track of your spending by keeping track of each purchase on the card’s statement and allowing you to set limits for yourself if necessary. They also give instant approval if you’ve been turned down by other types of lenders before.

Business-specific loans: Some lenders specialize in providing financing for small businesses like yours and may offer better rates than what’s available from banks or credit unions. You’ll want to shop around for these lenders before settling on one, as some charge higher interest rates than others.

You’ll Need A Commercial License

If you want to start your own business, one of the first things that you’ll need to do is get your company licensed. While there are many different types of licenses required for different types of businesses, if you own an HVAC company, there are two main licenses that you’ll have to acquire: a contractor’s license and a commercial license.

Contractor’s License

All contractors who provide services to the general public require a contractor’s license. To obtain a contractor’s license, you must pass an exam and be able to prove that you are capable of providing quality service. This can be done by showing proof of liability insurance, having previous experience in the field, and having certification from trade organizations such as NATE or CEIA. Once you have obtained your contractor’s license, you can legally perform electrical work in most states. It will also allow you to bid on larger projects with more complicated electrical systems than those found in residential homes or small businesses.

Commercial License

A commercial license is a credential that allows you to work on larger projects, such as hospitals and office buildings. It also gives you more credibility with clients. If someone asks what kind of license you have, it shows them that you are qualified for the job they need to do.

Get Business Insurance

When starting an HVAC business, you need to ensure that you have all of the necessary insurance coverage in place. This is especially true when working with expensive equipment and dealing with customers’ homes.

Business insurance can help protect your business from financial loss by covering the cost of property damage, bodily injury, and other losses related to your business operations. You may also be able to get coverage for workers’ compensation, which pays for medical care for injured employees on the job.

Suppose you own a small HVAC company or work as an independent contractor at another company’s facility. In that case, there are several types of insurance you may want to consider as part of your overall business plan.

Learn How To Advertise Your HVAC Business

If you want to grow your business, you need to be able to advertise it. But how do you go about doing that?

Here’s how:

1. Make sure your website is professional but friendly. You want people who visit your site to feel comfortable and welcome. If they can’t get past a cluttered or confusing website, they will not come back.

2. Make sure your logo, color scheme, and branding are consistent across your marketing material — from business cards to website ads. This will help people recognize you when they see or hear about it again later on.

3. Invest in social media marketing. It’s important for any business these days because many people use social media as their primary way of finding out about new products or services they might be interested in using themselves or recommending to friends and family members who might need them down the road too!

4. Create an email list to reach out directly to potential customers when you have something new coming up that might interest them, such as a sale on specific equipment or other items related to heating & cooling services.


Although every small business is different and will require its own unique set of skills and abilities, a handful of suggestions will serve as a helpful starting point for any HVAC business. One thing to note is that your business won’t be profitable until you have raised enough clientele to break even or turn a substantial profit.


How to Prepare Your Children for Financial Success

When children go to school, they learn about a myriad of different subjects, including science, history, and math. Unfortunately, most of the education available to students doesn’t include complete financial literacy beyond, perhaps, how to write or endorse a check. As a result, many have to learn by trial and error when they grow up, unless their parents happen to have knowledge of the subject, and learning about finances that way can lead to a lot of money troubles. Luckily, there are easy ways to teach your kids all about finances and how to handle them, and you don’t need to be an expert.

Budget Tracking

The first thing you want to do is teach your kids about income and expenses. Help them create a budget to track money coming into their bank accounts and each obligation they need to pay. In most instances with kids or even teens, there will be few numbers on the sheet, so use your expenses and income or make up a mock scenario. Show them it’s important to never let expenses exceed income and to include emergency savings and retirement savings in those numbers. By tracking every dollar and treating savings as an obligation, they can begin to understand how much control they can have over their flow of money.

If you have trouble wrapping your head around budgeting, there’s no shame in asking for guidance from someone more familiar with the subject. Anyone can shout for help if they need to, whether that be a medical professional consulting a pediatric board review question bank for assistance in passing exams or a mom trying to educate her children about money concepts.

Compound Interest

Speaking of saving, make sure your kids understand the power of compound interest. Monopoly money may be a good way to show them how the concept works. Visually show them how money saved grows exponentially using interest. For interest, if they saved $1,000 at 8% interest, they would have $1,080 at the end of year one, but in year two, that savings would use the extra $80 plus the original thousand to calculate their new savings number — $1,166.40. If left alone, that compounding would continue indefinitely, growing their wealth.

Be sure they understand the tax obligations associated with the interest they earn, as well.


The above 8% scenario will not happen in a bank. In order to see that kind of interest, parents need to teach their kids about investing and the risks associated with it. In the United States, the Federal Deposit Insurance Corporation (FDIC) insures deposits in qualified banks up to a certain dollar amount. Meaning, that if people deposit money in an FDIC guaranteed bank, they are guaranteed to get their money back if something happens to the bank. The same is not true with investing.

However, in order to grow true wealth, investing is not an option. Fortunately, there is a variety of options available in the investing realm, such as the stock market, bonds, mutual funds, ETFs, and real estate — to name a few. The main concept they should probably understand is the power of diversification. 

The key to successful investing is to thoroughly research investments before committing your money and not put all your eggs in one basket because that’s a good way to lose everything. Instead, children need to understand that putting bits of money in a variety of different investment vehicles and sectors gives them a better chance at growth and a lower chance of loss. Doing so can insulate part of your money when times are tough for one portion of the market but excelling in another.

Understanding money concepts and teaching them how to grow their wealth is giving them the tools they need over their lifetime for a better chance at financial security.


10 Advantages of Investing in Pre-construction Properties

Pre-construction investing has picked up in popularity in recent years as people are looking to get ahead of the curve. Here are 10 reasons why you should consider investing in pre-construction properties.

Choose your unit’s location and view

You have the opportunity to choose your unit’s exact location and view. In a new development, you will often be able to pick the best situation for your unit in the building. For example, you may be able to choose a corner unit with extra windows and natural light, or a unit with a better view.

Lower prices

You may be able to purchase a property at a lower price than if you waited until after construction was completed. This is because developers are often motivated to sell pre-construction units in order to generate capital for other projects they are working on. As such, they may be willing to offer discounts of 5-10% or more off of the expected future value of the property.

More customization

You may be able to customize your unit to some extent. Developers sometimes offer buyers the opportunity to upgrade finishes or make other changes for an additional cost. This can be a great way to get exactly the home you want, without having to do any renovations after move-in. You can also optimize your unit for resale value by choosing finishes and upgrades that will be popular with future buyers.

More time to save for a downpayment

You have time to save up for your down payment. Since you are not buying a property that is already built, you usually have several years between the time you sign a contract and when construction is completed. This can give you time to save up for a larger down payment, which can help you get a lower mortgage rate and save money in the long run. It might also give the market time to change in your favour, especially if you sign a variable rate mortgage, and you are able to make smaller monthly mortgage payments.

Government incentives

You may be able to take advantage of government incentives. In order to encourage development in certain areas, governments will sometimes offer tax breaks or other incentives to developers. These savings can be passed on to buyers in the form of lower prices, making pre-construction units more affordable.

The developer may offer to pay closing costs

The developer may pay your closing costs. In order to encourage sales, some developers will offer to pay a buyer’s closing costs. This can save you thousands of dollars and is especially helpful if you are a first-time buyer.

Don’t worry about maintenance and repairs

One of the benefits of buying a brand new home is that you don’t have to worry about maintenance or repairs for many years. Everything in the unit will be new and under warranty, so any problems that arise will be the responsibility of the developer to fix. This can give you peace of mind and save you money over time.

Higher resale value

The resale value of pre-construction units is often higher than that of existing homes. Because buyers are often willing to pay a premium for a brand new home, pre-construction units often appreciate in value more quickly than existing homes. This can make them a great investment, whether you plan to sell before or after construction is completed.

No previous owners to manage

You don’t have to deal with previous owners. When you buy an existing home, you often have to deal with the messes and problems left behind by the previous owner. With a pre-construction unit, you can be the first person to live in the space, so you don’t have to worry about dealing with someone else’s messes.

Tour the development

You can tour the development before making a decision. When you buy an existing home, you usually have to rely on photos and descriptions to get an idea of what the property is like. With a new development, you can often tour the site and see the units in person before making a decision. This can give you a better sense of whether the development is right for you, and whether the unit you are considering is good value.


If you are thinking about buying a property, consider the advantages of investing in pre-construction units. From better prices to greater customization options, there are many benefits to be aware of. Keep these ten advantages in mind as you begin your search for the perfect property.


How to Prepare For a Mortgage Application

When you decide you’re ready to take out a mortgage, the last thing you want is to get denied for submitting an application that’s not airtight. So, before applying for your first mortgage loan, try to know all there is to know about building a good credit profile and how to stay credit-worthy.

According to All Reverse Mortgage Inc (, an American reverse lending company, “the principal limit or loan amount you can receive as a loan is dependent on several factors including borrowers’ ages, interest rates, property values or HUD lending limit.” All mortgage lenders want to lend to people who are not likely to default on their loans. This means your chances of getting a mortgage loan approved are much higher if you have a good financial history.

Here are a few things to check off your list to ensure you’re on track to making a successful mortgage loan application.

1. Take a Critical Look at Your Credit Report

Bad credit loans do not come with the most favourable conditions. Most lenders will take a thorough look at your credit report before they consider lending you money at decent rates, so to make things easier for yourself; you should analyse your credit report before they do. Get your credit report from the major credit bureaus and analyse it carefully to ensure you\’re credit-worthy. The more creditworthiness you\’re judged to possess, the better rates you\’ll be able to get from lenders.

If you have ever been a victim of identity theft, this information could appear on your report and ruin your credit. A sign of identity theft includes mysterious account opening statements listed in your credit account. If you find this out on time, there are ways to remove fraudulent information from your credit report before your potential lenders review the information. This may require filing a police report.

Also crosscheck your personal information, especially your name, social security number, and address to ensure they\’re correct. Confirm that any loans in your report have been reported correctly with the right details. Any errors made by the bureau on your report can disputed if you contact them via their website. These errors would be investigated and possibly fixed to have your credit in good shape for your application.

Sometimes you may find some unfavourable items on your report that are not due to fraud or errors but your fault. Examples are liens, bankruptcy, accounts in collection, and delinquent loan repayments. The good news is that there are ways to clean up your credit before your mortgage application.

2. Build or Improve Your Credit Scores

According to recent statistics, one in every 5 young Americans does not know their credit scores. Sometimes while trying to analyse their credit reports, people realize they do not have sufficient information on their credit report to be assigned a credit score.

Some others may find they do not even have credit report at all, while others have reports filled with items that are damaging to their overall credit scores. In such situations, you\’ll have no option but to start building and improving your credit score as fast as possible.

There are a few things one can do to improve their credit score. Firstly, if you have no credit score at all, open new credit accounts with major lenders and start to create a good track record of paying off your loans on time. This would subsequently go into your credit report. If you already have a credit report but a bad credit score then you could change this by making all your credit repayments on time. If you’re having a hard time doing this, you could reach out to the lender and set up a new repayment plan that is easier to pay off. You should also start to avoid late bill payments and try to maintain a low balance on your credit cards and lines of credit.

3. Gather Up The Required Documents

Most lenders would want to see some documents before lending you any substantial amount of money, so you need to gather these documents on time in reparation for your application.

Common documents requested include credit and bank statements, payslips or other documents to show your earnings if self-employed, documents that show your list of liabilities and reoccurring expenses, a means of identification and proof of current address, explanations for bulk deposits in your statement and any additional paperwork your lender of choice may require.


8 Things the Best FinTech Companies Do (That Drive Massive Growth)

8 Things the Best FinTech Companies Do

Image Source: Unsplash

What does it take to be a successful FinTech company? This is a question that many business owners are asking themselves as the industry grows at an unprecedented rate. To answer this question, we looked at the top performers in the space and discovered seven things they all have in common.

This post will discuss these eight things and show you how you can apply them to your own business.

Managers Prioritize Clear and Transparent Communication

In a fast-paced and ever-changing industry, managers must keep their team updated on the latest developments. By being clear and concise in their communications, they can ensure that everyone is on the same page and can make informed decisions.

Transparent communication builds trust between managers and their team members, which is essential for fostering a positive work environment. Ultimately, when communication is given the attention it deserves, it can be a powerful tool for driving growth in any company. If you are an employee and have any growth ideas for your manager, communicate them clearly and concisely.

Understanding the Customer Journey

FinTech companies know every customer is different, and each customer has their own specific needs. They tailor their products and services to meet those needs. They also provide a seamless customer experience, making it easy for customers to find what they\\\’re looking for and get the help they need.

The companies use data to constantly improve their offerings, ensuring that they always provide the best possible value to their customers. By understanding the customer journey and catering to their needs, the best FinTech companies can drive massive growth.

Investing in the Right Technology

The best FinTech companies understand the need to invest in the right technology. They use the latest and greatest technology to develop innovative products and services that meet the needs of their customers.

FinTechs are always looking for ways to improve their existing offerings. This might mean investing in new software or hardware or partnering with other companies to develop new features.

Creating a Culture of Innovation

Successful FinTech companies foster a culture of innovation. They encourage their team members to think outside the box and develop new ideas that can drive growth. They provide employees with the resources and support to turn their ideas into reality.

This might include funding for new projects, access to mentors and experts, or simply a culture that values and rewards creativity.

Building a Strong Brand

The best FinTech companies understand the importance of branding. They work hard to build a strong brand that is recognizable and respected. Fintechs use their brand to differentiate themselves from their competitors. They also make sure that their brand is visible in their marketing and communications.

Focusing on Growth

FinTech companies are laser-focused on growth. They are always looking for new ways to grow their business. This might involve expanding into new markets, launching new products or services, or simply finding new ways to reach their target audience.

The companies are constantly measuring their progress and tweaking their strategies to ensure that they are on track to reach their goals.

Hiring the Right People

The best FinTech companies understand their success depends on the people they hire. They take the time to find employees who are a good fit for their company culture and have the skills and experience they need to succeed.

They provide their employees with the training and development they need to succeed in their roles.

Making Data-Driven Decisions

FinTech companies understand the power of data. They use data to inform all of their decisions, from product development to marketing to customer service. They use data to constantly improve their offerings, ensuring that they always provide the best possible value to their customers.

The best FinTech companies drive massive growth by doing things that other companies don\’t. By taking a cue from these companies, you can set your business up for success.


Benefits of Life Insurance for College Students

Most people don’t want to think about the end of life needs until they are nearing the end of their lives, but the truth is that life insurance is the kind of policy you hope you don’t need for a very long time, but one you are thankful for when the time comes. College students are often thinking more about having fun and finishing their classes than they are thinking about things like life insurance. When you’re in college, you think you have decades ahead of you. But getting life insurance when you’re in college can provide many benefits, here are just a few of them.

Pays off Student Loans

When you take out student loans, someone needs to pay for them. This is especially true if there are any private student loans in the mix or you have a lot of them. Often family members, parents included will cosign for student loans. This means that if the student dies before they are paid off that the cosigner would assume responsibility for them.

If you’re the parent, it might be beneficial to take out a life insurance policy on your college-aged child that would cover at least the cost of the loans. For the college student, it’s a responsible thing to do to ensure you have enough life insurance policy coverage that would easily pay off your remaining student loan debt so that none of your parents, children, or spouse would bear the responsibility for them. Finances for college students may look different than working adults, but it doesn’t mean that they don’t need insurance as well.

Provides a Nest Egg for Children

Life insurance helps parents, even college student parents leave something behind for their children. While no one likes to consider death to be a possibility, accidents and illness happen and there is no way to know what the future holds. Having life insurance can not only pay off your debt, but it can set your children up for success in the future. It can also cover funeral costs, any remaining medical bills, and other expenses that may occur as a result of the death of the college student. This can protect a spouse, assets like a home, and even give your family financial stability in the midst of a crisis.

Gives Family Members Peace of Mind

Having life insurance is something that grown-ups do. They have it to provide their family with peace of mind in the event of a catastrophic event. Knowing that in a time of sadness, there would be little stress over money and financial issues can give people peace in hard situations. Life insurance policies that cover big expenses like student loans, car loans, and other debts that your family may be liable for upon your death.

Whether the college student or the parent takes out the policy doesn’t matter as long as it’s active upon the death of the policy holder. It’s also important to have the right people listed as beneficiaries and to have a will in place to ensure all resources go to the place you desire.

Can Be Used to Start Investing

Some life insurance policies can act as an investment. Before you’re able to get a 401K or other investment in a work environment, a life insurance policy is often the first investment you’ll have as a college student. People who choose permanent life insurance may be able to receive a cash benefit. Some policies set aside a portion of the premium into a separate account that can then be used for a variety of purposes down the line and while the policyholder is still alive. There is also the option to cash out the policy while you’re still alive if you’d prefer to get a different kind of policy or if your work is offering a life insurance benefit after you’re done with college. This cash can help you reach financial goals more quickly if you use the investment strategically.

College students don’t always have a lot of money yet, but they often have debts and other financial obligations. Parents who go back to college will help their children greatly in the event of their death by having a good life insurance policy in place. These policies can give the parents of college students peace of mind as well as give the spouse of the college student some ease.


Should You Buy a Home With Cash Or a Mortgage?

Should You Buy a Home With Cash Or a Mortgage?

One of the main decisions every property buyer has to make is whether to buy the home with cash or get a mortgage. A mortgage represents a significant debt that can be part of your life for decades. However, as home prices increase much faster than incomes, buying a house with cash is increasingly challenging.

Each choice has its pros and cons, which you will have to weigh. There is a lot to consider when you are considering whether to buy a home outrightly or finance it, including:

Can You Afford It?

The first consideration you will have to make is whether you can afford to buy the property in cash. You should probably buy the home outright if you have enough money that you have expressly set aside to purchase real estate.

However, if you have to sell something or take cash from elsewhere to afford the house, a mortgage may be more affordable. According to Home & Money, you should not break the bank to buy a house. A mortgage makes buying a home more affordable for those without the cash to buy it though you will pay more in the long run.

The payment will depend on your ability to earn an income and pay back the loan, but you can buy a home you otherwise could not afford with a mortgage.

Attraction To Sellers

When buying a house, you have to be as attractive to the sellers as possible. The fact is that buyers who are ready to buy a home with cash are more appealing to sellers than those who want to finance the purchase. Financing a house can be a long and complicated process that can fall through at the last minute, which home sellers do not want.

Cash-ready buyers present an opportunity to buy the house quickly and without any hassles. Therefore, if you have the option to do both, know that sellers will be more likely to sell to you if you have cash.

Closing Process

You should also consider the closing process when buying a home using cash or a mortgage. The closing process will be much easier if you pay cash instead of a mortgage. The average closing process when buying a property via mortgage is about a month, whereas if you pay cash, the process will take about a week or two at the most.

You need to send your mortgage lender many documents, elongating the process. These documents will be absent if you buy the house with cash. You also have to wait for the lender to underwrite, process, and approve your loan, which can take time.

If you buy property as a self-employed individual, freelancer, or earning an income unconventionally, it can take even longer.

The closing process will be cheaper if you buy the house with cash as there are no costs and fees that come with a mortgage.

Owning The House

The most significant benefit of buying a house outright is that you completely own the property as soon as the transaction is complete. As long as you make all the other payments associated with homeownership, such as property taxes, the house will be yours.

On the other hand, if you buy a home with a mortgage, the place only becomes yours after you finish making the payments which can take decades. If you fail to pay the lender, they can foreclose on and own your property.

You have to seriously consider your options when purchasing a property, including whether to pay cash or use a mortgage. When all factors are considered, buying a house with cash is better. Your money will be tied up in the property, and you may lose some tax advantages, but it is the better choice in the long run.


The History of Life Insurance

Who created the concept of life insurance, or even life insurance with living benefits? Why do we need it? Can you get living benefits with life insurance? 

These are complicated questions, but if you’re thinking about getting life insurance, you need to know the answers before handing over your money. We’ll answer these questions and more as we trace the history of life insurance.

Tracing Life Insurance Back to Greece and Rome

While life insurance may seem like a modern phenomenon, it can be traced back to ancient Greece and Rome as far back as 600–100 BCE. Some residents of these early advanced civilizations had access to life and health insurance — although insurance wasn’t how we know it today.

Roman military leader Gaius Marius is credited with inventing the notion of “burial clubs” among his fellow soldiers. They would join together to pay for the funeral costs if a soldier was slain during a military expedition. 

Initially, the notion was exclusively used by soldiers, but it expanded across ancient Rome and ultimately embraced the general population. 

Colonial America and Life Insurance

Churches in the American colonies controlled most of the life insurance policies in the colonies during the time when great founders like Ben Franklin were alive. 

1759 saw the Presbyterian Synod of Philadelphia create a life insurance corporation for its ministers. It was called the Presbyterian Ministers Fund. 

The spouses and children of individuals who died as members of the corporation would receive the yearly dividends set at a preset amount. On the other hand, many priests argued that life insurance is a sort of gambling, which was discouraged by the church.

The Beginning of Life Insurance in England

An English coffeehouse is where this story took place in the 17th century when life insurance was just beginning to take hold in England. 

Edward Lloyd’s institution was a popular gathering place for merchants and sailors who discussed insurance dealings as a subject of leisure chatting. The Society of Lloyds — later renamed Lloyd’s of London — was born out of these informal discussions, which rapidly evolved into a more official insurance organization. 

Despite the liability of the famously risky marine and trading industries, underwriters, who were often wealthy members of society, accepted the risk. This informal commerce was formalized in 1774 when the society merged its operations with the royal exchange. 

The Life Assurance Act was passed in Great Britain in the same year to restrict insurance brokers from bribing their customers. Today, Lloyd’s of London is one of the most well-known life insurance companies globally.

20th-Century Life Insurance

AXA Equitable established Pantasote Leather Company’s first group life insurance policy in 1911. 

By 1930, life insurance premiums totaled over $117 billion in the U.S. alone, demonstrating how widely adopted this concept had become. Fraud and deceit had skyrocketed due to the insurance industry’s recent expansion and the formation of many businesses. 

Clients were charged high fees and couldn’t get a claim payment in the most typical circumstances. Some insurers took advantage of a lack of regulation in the business at this point. 

In 1935, the Social Security Act was passed, providing a financial safety net for both the retired and the jobless for the first time. 

Since the government got more engaged, the life insurance business has lost part of its market share. A U.S. Supreme Court decision in 1944 said the sector should be governed federally. 

A few years later, Congress approved the McCarran-Ferguson Act, which said that the states should be in charge of their own borders. In the current day, the state is still in charge of everything.

What Life Insurance Looks Like Today

Legally, life insurance is a contract between the policyholder (the insured) and the insurance company (the insurer). 

On death or after a certain length of time, the insurer agrees to pay a predetermined quantity of money (also known as “Sum Assured” or “Cover Amount”) to the insured person’s beneficiary. 

The primary goal of life insurance is to give financial assistance to loved ones in the event of an insured person’s early death. Losing a loved one is never easy, but life insurance takes away some financial sting.

When the insured passes away, the insurance pays a designated sum known as a “death benefit” to the designated beneficiary. The death benefit can be life sustaining for families that live on a strict budget.

And since someone can own multiple life insurance policies, a family can be assisted financially from an insured’s individual life insurance policy as well as from an employer-sponsored life insurance policy that’s part of the insured’s employee benefits.

Traditional insurance companies are now joined by others that operate online, and the application procedure is considerably more efficient. You can even find life insurance for incarcerated persons.

When it comes to insurance, the fundamental concept remains the same: It serves as a financial safety net in case the unimaginable happens.


Karen Condor writes and researches for the life insurance comparison site, She stays up to date with new life insurance trends and helps others make wise decisions when planning for the future.


Learn How To Trade Crypto – Top Tips All Investors Should Know

The financial sector has gone through an interesting disruption with the advent of cryptocurrencies, especially Bitcoin. New and exciting fintech technologies are regularly springing up, enabling traders to buy, sell, and swap with significant increases in trading efficiency.

So, whether you are just hearing the buzz around Bitcoin (BTC) or are already struggling through its ups and downs, you have come to the right place if you are looking for some pro tips to invest and trade.

An Overview of Crypto

Crypto is a virtual currency used to encrypt any transaction produced, so it is very difficult to counterfeit this kind of currency because of its security feature. Bitcoin is just a type of cryptocurrency and is the first type to run online.

Investors can invest in cryptocurrencies other than bitcoin because hundreds of cryptocurrencies have entered the market ever since bitcoin was launched. Several alternative cryptocurrencies or altcoins were released following Bitcoin’s popularity, and they have risen to 700 in amount. Some are of a lower price than Bitcoin, while others appear more available than Bitcoin.

Mining in Crypto

To illustrate this in a very clear way, try to picture gold or other metals and how they are mined. Cryptocurrencies such as Bitcoin are digitally mined and require specialized computers to find solutions to complicated math problems so that a new block can be added to the blockchain. Anyone with the right equipment and access to the internet will participate in the mining and win bitcoin rewards. Mining is not that easy, but it is all a game of effort invested in your network.

General Trading Advice

If you want to trade crypto, there are a few simple steps you need to follow. Firstly, you have to pick a trustworthy exchange and build an account. So, compare a few to find out the best crypto exchange and start with that. Secondly, you need to purchase or pass the cryptocurrency into your account or fiat three deposits.
Next, you have to manually buy and sell or use crypto trading automation. Many major exchanges allow you to buy fiat currency cryptocurrency, or you can buy it through a peer-to-peer exchange.
After this, you can choose who to invest in or sell to once you have acquired Bitcoin or altcoins. Most exchanges can sell multiple trading pairs, of which you can do a swap later. You will have to frequently monitor the markets that you are about to be joining and search for encouraging indicators such as liquidity. Unless your preferred trading pairs do not have liquidity, you will not be able to easily join and exit the positions.

Tips All Investors Should Know

The price of cryptocurrencies is extremely unpredictable. Investors may gain or lose a significant sum of money in a short time simply because the currency values shift rapidly. Moreover, there are other risks involved for crypto investors including market instability. However, you can easily avoid many of these risks with a bit of common sense. The following tips will help you secure your cryptocurrency investment.

Don’t Place All Your Eggs In One Crypto Basket

If you invest in stocks, gold, or Ethereum, you should always follow diversification. Make sure that investments in cryptocurrency are not the only place where you stash your cash. Digital currencies can be a viable part of a financial plan with a diversified portfolio of various assets.

Keep Your Machine And Data Secure

Many cryptocurrency investors know that their investments can be vulnerable to hackers. Keep your antivirus program up-to-date and ensure that if you are saving or investing in cryptocurrencies, you do not reveal your data online. Otherwise, your precious investment runs a high risk of digital theft.

Do Your Homework

Whenever you want to invest in any crypto, make sure that you thoroughly research the market trends as well as the supply chain and demand chain. Initial Coin Offerings have been a common way to collect funds from the public for cryptocurrencies. They have also become a convenient way of investing. Still, the financial regulator warns that there is little protection for customers and a high potential for fraud and high volatility. So, review these factors before investing.

Crypto attracts investors because of its high market profit. It is not uncommon for the price of a cryptocurrency to change by more than 15% in one day. This is wonderful if you want to make a lot of money, but cryptocurrencies may not be for you if you are not a risk-taking investor.


6 Tips For Setting up a Company That Operates Worldwide

6 Tips For Setting up a Company That Operates Worldwide

When you`re starting a business, there are a lot of things to think about. One of the most important decisions you`ll make is whether or not to take your company global. There are a lot of factors to consider when making this decision, but if done correctly, expanding internationally can be a great way to grow your business. In this blog post, we`ll discuss six tips for setting up a company that operates worldwide. So, if you were considering expanding your business, read on for some helpful tips.

Do Your Market Research

Before you make the decision to expand internationally, it`s important that you do your market research. This will help you determine if there is a demand for your product or service in other countries. It`s also a good idea to research the competition and see what type of market share you could potentially have. Doing your market research will help you make a more informed decision about whether or not expanding internationally is the right move for your business. In addition, it will help you better prepare for the challenges that you may face.

Decide on the Location

Once you`ve decided that expanding internationally is the right move for your business, the next step is to decide on a location. There`s where successful market research comes in handy. When you`re looking at potential locations, you`ll want to consider things like the cost of doing business, the infrastructure, the taxes, and the availability of resources.

You`ll also want to think about whether or not the location is politically stable and has a good business climate. Start by looking at a few different locations and go through this step-by-step guide that will explain everything you need to consider when choosing the right location for your business. Take all of these factors into consideration and make sure you choose a location that is best for your business.

Build a Website

In today`s digital age, it`s important to have an online presence no matter where your business is located. But if you`re expanding internationally, it`s even more important to build a website that can be accessed by people in other countries. When building your website, there are a few things to keep in mind. One of the most important things to think about is that it`s available in multiple languages. This will make it easier for people in other countries to access and understand your website. Besides English, you`ll want to consider translating your website into the most commonly spoken languages in the countries you`re expanding to.

Invest in Marketing

When you`re expanding your business to a new country, it`s important to invest in marketing. This will help you raise awareness of your brand and get people interested in your product or service. There are a lot of different ways to market your business internationally. One way is to use online advertising. You can target ads to people in specific countries and make sure they`re seeing your brand. You can also use social media to reach a global audience.

Select Local Partners

If you plan to expand your business to multiple countries, it`s a good idea to select local partners. These partners can help you with things like shipping, taxes, and compliance. They can also provide valuable insights into the local market. When selecting local partners, it`s important to choose ones that you can trust and that have a good reputation. You want to make sure they`re reliable and that they have your best interests at heart.

Think About Shipping

One of the things you`ll need to think about when expanding internationally is shipping. If you`re selling products, you’ll need to figure out how to get them from your warehouse to your customers. This can be a challenge if you`re shipping to multiple countries. There are a few things to keep in mind when shipping internationally. First, you`ll need to make sure your products can be legally shipped to the countries you`re expanding to.

You`ll also need to find a reliable shipping partner that can get your products to your customers on time. In addition, you`ll need to consider the cost of shipping and whether or not you need to ensure your products. All of these factors will play a role in how successful your international expansion is.

By following these tips, you can set up a company that operates worldwide successfully.


Ways To Get Passive Income In The Crypto Industry


The internet is full of stories about HODLers who got into crypto early and stuck with it.

For little contributions, many early investors made hundreds of thousands, if not millions, of dollars. Cryptography, on the other hand, was a bit of a mystery at first, and only a few people understood it. The majority of investors either missed the boat or only put a little amount of money into this chance.

Even if you missed out on the early days of cryptocurrency, it’s not too late to profit. Today, we’ll look at cryptocurrency investments and ways that even newbies to the technology can use to create passive income in 2022.

Mining Crypto

Mining cryptocurrency was the first method of generating passive income with Bitcoin and other cryptocurrencies. Mining is the process of using computer processing power to solve difficult mathematical problems and verify transactions, with the cryptography expert sharing “proof of work” that demonstrates the solution.

In exchange for their “work,” the fastest “miner” to solve the puzzle is rewarded with cryptocurrency or tokens.

Using Bitcoin Core mining software and purpose-built computer processors known as ASICs, people could earn bitcoin quickly in its early days (Application-Specific Integrated Circuits). Mining became more profitable as bitcoin became more popular and the value of the coin increased.

Majority of cryptocurrencies, such as Bitcoin, have a finite money supply or a certain amount of coins that will be released at any one time. The incentives have dropped, and the requirements to earn tokens have increased as a result of the growing number of miners mining.

Mining is becoming more and more costly and resource-intensive. Individuals are no longer able to make a lot of money from their own mining operations. Instead, the majority of the mining is done by large mining farms with hundreds of ASICs and vast amounts of power.

These mining farms are located in regions like Quebec, where the temperatures are cold enough to keep the machinery cool and keep electricity bills low. Mining continues to power proof-of-work networks like Bitcoin from these massive facilities in frigid climates, and there are always opportunities to invest in mining rigs as prices rise.

Lending Cryptocurrency

Lending cryptocurrency works on the same basic principles as regular cash loans: the borrower pays the lender interest. In that situation, the loan is secured by crypto assets worth usually greater than the amount borrowed. You can deposit bitcoin and borrow fiat currency, then return this fiat and get the same amount of Bitcoins back. Your crypto keeps the trading potential.

Some platforms, such as BlockFi, function as marketplaces, giving crypto depositors a fixed interest rate comparable to a high-yield savings account and then lending those assets to borrowers who may make even higher returns.
The borrower secures the loan with bitcoin, ensuring that the investment is protected in the event of a crisis. In exchange, they are given money.

Staking Tokens

As a means of authenticating transactions and creating crypto, proof of stake has risen in popularity. Another approach to creating passive money with cryptocurrencies is by staking.

For people who possess cryptocurrencies that use the proof-of-stake algorithm, staking is an option for passive income. Stakers basically give their coins to the network in order for transactions to be approved. In exchange for lending your coins and assisting with validation, the network rewards you with more coins, effectively allowing you to earn interest.

Getting started with crypto staking often requires a minimum investment. For example, Ethereum (ETH) requires 32 ETH (~$40,000 of value in today’s prices) to establish a staking pool, though as a smaller holder, you can participate in a group pool as well.

You must hold and stake a particular quantity of tokens to join a network. Maximizing your stake and maintaining a consistent connection to a crypto wallet is the most efficient approach to make passive revenue with staking. If you consider supply increases to be a type of inflation, you can consider staking as a strategy to avoid inflation and keep your value current.


In the blockchain business, the number of ways to earn money passively is increasing. Blockchain firms that provide generalist mining services have adopted some of these strategies.

Cryptocurrencies may become a potential option for a stable source of income as they become more trustworthy and safe. If you are further interested in earn crypto you can visit CEX.IO and buy some.


Did You Know That You Can Leverage Debt To Build Wealth

Wealth creation and debt don’t seem like they go together. On the one hand, you want to earn more money and gain more assets. On the other side is the debt that’s tying up your money. Wealthy people have learned how to use debt to their advantage. While the goal is never to be in debt forever, strategically using it to build wealth does benefit them in the long run. Most hotels and rental properties are purchased using bank loans and investors. Some business start-ups use small business loans. It’s entirely possible to use debt to build wealth.

You do need to be careful in the process not to go overboard. Focusing on one thing at a time can help you keep yourself out of hot financial waters. If you try to do too much too soon, you might end up needing to file for bankruptcy which won’t help you out in the long run. Here are some ways you can leverage debt to build wealth.

Consolidate Your Risky Debts

Many consumers have multiple credit cards that have very high-interest rates. These debts are considered risky to a bank because they have no collateral backing them. Their only recourse is to get debt collectors after you or to report missed payments if you’ve gotten behind. Spending all your money on interest will not help you build wealth. By consolidating these risky debts into one loan, you will find yourself freeing up the money you already have. Debt consolidation loans often have lower interest rates than the cards which means that getting a new loan can help you with your wealth-building strategies.

Leverage Your Home

Your home is a great source of money to help you build wealth. Wealth isn’t simply about having money in the bank. It’s also about your assets and their value as well. Your home is an asset. And when there is a lot of equity in it, you can use this equity to help you build more wealth. Some people leverage the equity in their homes to buy additional properties that they can turn into rentals. When you use your home for this purpose, you’ll want to create the right business entity and file to change address online, so renters don’t come knocking at your private home.

They use home equity loans for down payments and to get everything they need in the new home to get started. Another option is to leverage a HELOC and an additional credit card to pay off your mortgage sooner. You can invest the money you save into other wealth-building opportunities.

Use Debt for Investing

Sometimes the return on investment (ROI) is much higher than the interest you pay on a credit card. Some people use credit to start investing because it helps them to build wealth much more quickly. They turn that debt into something more, cash out some of the earnings, use those to pay off the debt, and keep cycling that way. Eventually, the debt is paid off and you end up with more in your investments than you started with.

Don’t Fear Student Loans

Student loans are another debt that can help you with wealth creation. Some jobs require a degree or advanced degree for success. This means that you can use your student loans to improve your career choices, ultimately making you more money. This gives you opportunities to build wealth. People in the financial industry often have bachelor’s degrees or higher in addition to industry-specific licenses. This helps them manage portfolios, start businesses in accounting, and so much more. Student loans are simply a tool to help you reach your career and financial goals.

Use Debt To Build a Business

While the idea of using debt to build wealth sounds foreign, it’s actually been going on for a long time. Businesses use debt all the time to get started. Building some businesses is nearly impossible without some sort of small business loan or investors. You need to get permits, buildings, hire staff, and so much more. When you’re first getting started, you probably won’t have a lot of money of your own to do all this. So small business loans are the perfect solution. Use debt to build a business and you’ll be able to create a wealth-building machine. As your business grows, there will be more opportunities to earn more and invest more.


Tips for Choosing the Right Brokerage Firm

A brokerage firm links buyers and sellers for purchases. It can also start trading securities for its clients. Brokerage firms provide services in return for a premium or commission. An individual can also act as a broker, enabling effective transactional records.

Types of Brokerages

Brokerage firms are divided into various types, each providing various services at varying charges and expenses.

Full-service Brokerages

It provides an array of goods and services like financial management, estate planning, legal advice, and financial consulting to its clients in real-time. They also provide real-time stock quotes, economic research, and trend analysis. They target big investors and set minimum account balances to gain their services. Some of the firms also provide discount brokerage services or Robo-advisor platforms. The dividing line is in the broad scope of services and charges.

Discount Brokerage

Discount brokerage costs are low compared to traditional brokerage. However, they do not provide the close connection that a full-service advisor does. They enable investors and businessmen to make decisions via the “do-it-yourself” platform. Since the introduction of internet transactions in the 1990s, commissions for discount brokers have dropped considerably. An investor’s account frequently determines the depth and quality of advice discount brokers provide.

Robo Advisors

Robo advisors are a form of digital investment management platform that automatically uses algorithms to enforce trading strategies for clients. The desire for Robo-advisors is not just the digitization but also the reduced fees and bank balances required to begin.

Various Brokerage Specialties

The main areas of specialization of intermediaries and their distinctive features

1. A stock brokerage is a skilled intermediary on the stock who resells and purchases securities in the client’s best interest.

2. Credit brokers are experts who have the information needed and connections with financial institutions.

3. A leasing broker is a specialist who, like a credit broker, specializes in the area of leasing equipment.

4. Forex brokers act as a middleman, providing the forex exchange rate access.

5. A business broker will typically handle a business valuation, participate in bargaining with potential buyers, and assist in selling the business.

6. Real estate brokers look for investment property opportunities, like depots, office spaces, residential developments, and retail stores.

7. Insurance brokers create insurance plans at a reduced cost and save the time needed to complete an insurance claim.

What to Consider While Choosing a Real Estate Brokerage Firm

Selecting a real estate brokerage is as important as deciding on a profession. Your broker will ascertain whether or not you have a great boost in real estate. So, what should you consider when choosing a brokerage?

Weigh Their Marketing

Most brokerage firms don’t wait for clients to find them. They reach out first, mostly through various forms of clever and enticing advertising. While OOH formats like digital billboards and mass transit displays are their bread and butter in big cities, brokerage firms use other types of advertising to reach potential clients living in less densely populated parts of the country. It’s a great way to court their next big account, but you must take steps to weigh their marketing for what it’s worth. Further research will be required before going forward.

The Training Programs Offered

New investors must have access to effective training, tutoring, and mentorship. A successful real estate business is built on solid practice and training. Considering how easily the real estate industry is modifying new technologies and advanced client requirements and expectations, a training program should be a top priority for any advisor. It is crucial to discover a brokerage that offers consistent training, possibly even a mentorship program.

The Use of Technology

Mobile technology’s fast growth has significantly changed how users connect. It offers an opportunity for real estate brokerages to nurture prospects smoothly and economically. Real estate brokerage advertising has changed largely due to digital engagement initiatives. Since half of today’s property buyers find their properties online, real estate brokers need to invest in online marketing to expand their customer base. Digital marketing consists of any internet platform for connecting with prospects, like content marketing, social media marketing, or pay-per-click (PPC) advertisements.

The Emergence of New Business Ventures

What a brokerage offers and securing a growing venture may be an important aspect. Knowledgeable agents typically generate their leads from previous clients and testimonials. Newer agents often require leads to work. Some brokerages disburse leads internally, have resettlement departments, or assist agents with growing their businesses. Others leave it entirely up to the individual. Therefore Make certain you grasp and account for the expense of leads offered by the brokerage.


Real estate brokerages are more than just the listed. Therefore Interrogating the broker, the receptionists, and a few representatives will assist you in making the right decision. However, do your investigations, evaluate your specific priorities and goals, and choose the best brokerage for you.


The Role of Due Diligence in Reducing Financial Risk

Making financial decisions can be difficult, especially when there are many risks involved. One way to help mitigate financial risk is to perform due diligence. Due diligence is gathering information about a potential investment or purchase to make an informed decision. Doing your homework can reduce the chances of making a poor decision that could cost you financially. In this blog post, we will discuss the role of due diligence in reducing financial risk.

What is due diligence?

Due diligence is investigating a potential investment or purchase to make an informed decision. Individuals or organizations can perform this research, and it often includes financial analysis, legal research, and interviews with experts. Due diligence aims to reduce the risk of making a bad investment or purchase.

The role of due diligence in reducing financial risk

1. Due diligence can help you avoid making a bad investment

Due diligence is essential because it can help you avoid making a bad investment. By doing your homework, you can learn about an investment’s potential risks and rewards before you commit your money. This knowledge can help you make a more informed decision about whether or not to invest. Also, if you do decide to invest, due diligence can help you choose a better investment in the future. Therefore, due diligence can help you avoid making a bad investment by making you more informed about the investment.

2. Due diligence reveals profit potential

Startups are high-risk investments, so you must do your research before investing. You should look into the company’s business model, management team, financial situation, and industry. For instance, does an up-and-coming online retailer use FedEx and UPS audit software to monitor shipping costs? Doing so is a prudent financial move, whereas companies that pay a premium for shipping are wasting money. In addition, you should talk to other investors and get their opinion on the startup. By doing your due diligence, you can make a more informed decision about whether or not to invest in a startup.

3. Due diligence can help you identify red flags

Many red flags may indicate financial risk. Some red flags include:

-The company is not profitable.

-The company has a lot of debt.

-The company has a history of lawsuits.

-The company’s management team is inexperienced.

If you see any of these red flags, it is vital to do more research to determine if the investment is worth the risk. By doing your due diligence, you can identify red flags that may indicate financial risk. Hence, due diligence can help you avoid making a bad investment.

4. Due diligence can help you negotiate better terms

If you consider investing in a company or purchasing a product, you can use due diligence to your advantage. By doing your research, you will be better positioned to negotiate better terms. For instance, you may get a more favorable price on an investment opportunity if you can show that the company is not as profitable as it claims to be. Or, you may be able to get a better warranty on a product if you can show that the product has a history of problems. You can negotiate better terms on an investment or purchase by doing your due diligence.

5. Due diligence can help you avoid fraud

Fraud is a serious problem, and it can happen to anyone. By doing your due diligence, you can help avoid becoming a victim of financial fraud. For instance, if you consider investing in a company, you should check to see if the company is registered with the SEC. You should also be wary of companies that promise guaranteed returns or require you to wire money. By doing your due diligence, you can avoid fraud.

Performing due diligence does not guarantee that you will never make a bad investment, but it can help reduce the chances of making a mistake. Due diligence is an integral part of any financial decision, especially when there are a lot of risks involved. If you are considering an investment or purchase, do your homework and research the risks before deciding.


Why (And How) to Finance Your Manufacturing Business

Whether you already own a manufacturing business or you’re looking to start one, you probably already know by now that it takes funds to start and maintain. There are a number of reasons to consider taking a manufacturing business loan or reaching out to potential investors to secure funding. Here are a few reasons to finance your manufacturing business and how to go about doing it.

1. Expand Your Business

If you have a small or midsize manufacturing company, it might be time to take things to the next level. In this case, you’ll likely need to invest in a larger space, such as a new warehouse. You’ll also want to hire a solid crew of employees who have been through industrial skills training.

2. Buy More Supplies

If you’re trying to take your business to the next level, you’ll want to purchase more supplies. After all, the end goal for most manufacturers is generally to sell more products. When you finance your business, you’ll be able to purchase bulk supplies that you might not normally be able to afford.

3. Conduct Market Research

Market research is essential for a successful business. It’s important to know everything there is to know about your products, competitors, and market. It also helps you assess any possible risks.

This one is a double-edged sword when it comes to financing your company. Most potential investors will want to see that you’ve done market research before offering you funding. That being said, market research can be pricey, running $20,000 to $50,000 on the higher end of the scale. It’s something you’ll want to consider investing in as your company expands.

4. Upgrade Your Equipment

New equipment is one of the best investments you can make for your manufacturing company. Whether you’re looking to lease or purchase new machinery, staying up on the latest manufacturing machines and technology is important. Not only can it help all of your company’s processes run more smoothly and efficiently, but it will also ensure that all of your equipment is up to code.

How to Get Financing for Your Manufacturing Company

Now that we’ve gone over some of the reasons you might consider financing your business, let’s take a closer look at how. There are a couple of routes you can take, each of which poses its own set of challenges.

The first option is to go directly to traditional banks or credit unions. The downside is that you’ll generally be required to put down collateral in exchange for your loan. If you choose to purchase new machinery or equipment with your loan, this may be used as collateral.

Banks and credit unions also typically require a number of documents from you. These generally include tax documents, profit and loss statements, and bank statements. They will also generally want to take a look at your business plan. This can be a stressful process, so it’s important to make sure you have all your ducks in a row before applying for a manufacturing business loan.

Another option is to seek out investors. You might choose to use an online fundraising platform, look within your local network, or use social media to find potential investors. Even though this isn’t always the easiest route to go, it can still be a good way to secure the funding you need to take your business to the next level.

These are just a few reasons to finance your manufacturing business. Taking a loan or securing funding from investors can be a great way to help your business grow. It can help you earn more in the long run.


Can You Buy Happiness?

It’s a generally accepted notion that the more something costs, the higher the quality of the goods. The underlying question is, are those goods in fact better quality or are they believed to be because of the price tag?


Generally speaking, people aren’t rational beings; at least not all the time. They tend to make rash decisions based on emotion and/or perception. Everyone has a different motivation for making luxury brand purchases. It can be a reward for an accomplishment, trying to gain social acceptance from peers or because it improves their self-esteem.


In order to have a successful endeavour with any business, marketing is essential. You need to establish a brand that consumers trust. Lesser-known companies and products are being introduced to the public through subscription boxes. These boxes are especially beneficial to eCommerce businesses. Through kitting, various products are sent to consumers, items they may not have known about previously, helping the business to keep their inventory with lower overhead costs.

Price Pleasure

Buying luxury items is driven by emotion. Studies have shown there is an emotional attachment between the cost of items and the perceived quality. Even when exact replicas are available at a fraction of the cost, consumers will still purchase the higher-priced item.

Blind price experiments have been executed, with the exact same bottle of wine, but different labels. On one bottle of wine, the original label is covered with a more expensive price. On the other bottle, of the exact same wine, the label is covered with a less expensive price. The end result, despite being the exact same wine, subjects consistently chose the more expensive wine as being better quality.

To add to the validity of the study, they did another experiment with the same bottle of wine. However, the second time, they switched the labels identifying which wine was more costly. Consistently, the wine with the more expensive price label was identified as being the better-tasting wine.

This conundrum is referred to as a marketing placebo effect. It’s when consumers associate more pleasure or quality from items that cost more. It’s essentially tricking your brain to associate less risk and higher quality with a more expensive price. This doesn’t just apply to things consumers buy for themselves, but also gifts for others. Aligning higher costs with the perception of higher quality goods makes for an expensive holiday shopping season.


For as far back as you can go in history, you’ll find having things that are commonplace among elitists creates a source of envy and motivation for the average person. Essentially, people strive to achieve luxury items as a badge of honor for others. It’s a way to display a level of success in life marked by having items not everyone can afford. That’s not to say that everyone has the same motivation to buy these big-ticket items. For some people, especially where artwork is concerned, owning a piece can be born from true appreciation of the work as opposed to buying it because they can.

It all boils down to perceived happiness. Often, people who make purchasing luxury items a priority, despite their own economic standing, may be compensating for some aspect of their life that’s lacking.

At the turn of the 20th century, owning and displaying certain luxury brands evokes a sense of accomplishment. Moreover, these expensive items add to one’s perceived worth and success the more they are envied by those who can’t afford them.

Money can’t buy happiness, but it can help fill the void for something else you may be missing in life.


How To Prepare for Tax Return 2022

How To Prepare for Tax Return 2022

One aspect of adulthood that is almost universally dreaded is having to file your tax returns. The murky instructions, countless important details, the need for precise information, or even figuring out exactly what information is needed can become far too overwhelming and cause severe headaches for many. Having to report income from multiple sources will make the already seemingly hopeless situation even more complex.

Unfortunately, missing the set deadlines for filing the required documentation comes with the risk of incurring hefty fees. The same can also happen if you incorrectly pay less than the actually owed taxes. On the other hand, overpaying could reduce the cash on hand you have available and expose you to increased liquidity risks.

One way to ensure your compliance with the HMRC and alleviate some of the stress associated with filing taxes is to turn to a professional. You may also want to look for experts operating in your region, such as chartered accountants in London, as there could be some regional differences in the tax regulations or potential avenues for tax reductions.

Professional accountants can provide personal tax advice and planning that can bring significant benefits, including an increase in the take-home income.Тhey can also consult you on all of the available tax allowances or reliefs that you can claim.

Important Deadlines To Remember

Typically, all taxes must be paid by midnight on 31 January of the following relevant tax year. However, if you have received a notice from the HMRC to make an online tax return, the new deadline is going to be three months from the date of issue to file. There could also be a specified grace period where late filing would not incur any penalties. Otherwise, the fees get exponentially higher.

Filing one day late will be penalized with a £100, while being up to 3 months late could reach a maximum of £1,000 consisting of an initial £100 fine and £10 for each additional day to a maximum of 90 days. Tax returns submitted up to 6 months late will be fined with either £300 or 5% of the tax due, depending on which one is higher. This fine will be incurred on top of all the previous penalties. For delays of 12 months, an additional £300 fine or 5% of the tax due, again whichever is higher, will be added alongside all previous fees.

Income Tax

While filling out your self-assessment tax return, you may need to account for several different types of taxes. The main one is the income tax. It is split into three bands of basic rate at 20%, higher rate at 40%, and additional rate at 45%. The basic rate is applied to any income that is over the personal allowance of £12,500, while higher rate is used to tax amounts over £50,000. Income that surpasses £150,000 has the additional rate applied to it. 

Keep in mind that a wide range of valid business expenses can be deducted from the taxable income. These may include travel and accommodation, staff costs, heating, rent associated with the business premises, purchase of raw materials, etc. 

National Insurance

A different type of tax that all employed or self-employed individuals between the ages of 16 and the current State Pension age must pay is the National Insurance (NI). It is used to fund certain state benefits, such as the State Pension.

Generally, there are 4 Classes of NI. Class 1 is applied to employees and is paid via PAYE. Self-employed individuals whose profits surpass the current small profits threshold will need to pay Class 2 NI, or Class 4 if their profit is above the lower profits limit set for this category. As for Class 3, it is a voluntary NI contribution for people who are not required to pay taxes under any of the other Classes but still want to retain certain state benefits.

Necessary Information

While the assistance of a professional accountant can be invaluable, it doesn’t eliminate your participation in the process completely. For the experts to be able to do their job, they would need some precise, detailed, and relevant information for the self-assessment. For example, they may request employment information, specifically your annual salary and any tax that may already have been paid.

Typically, such information is submitted to the accountant via a P60 or P45 form. The documents will show the person’s gross salary, tax deductibles, or any applicable student loan deductions. 


Which Crypto Could Be Set For Big Gains In 2022?

Which Crypto Could Be Set For Big Gains In 2022?

When you invest in cryptocurrency, you never know which investments will pay off. You probably heard from people who invested their life savings in a new form of currency and lost it all in almost the blink of an eye. It doesn’t help that there are so many different options on the market today. You may have a hard time figuring out where to put your money and how you can make money from cryptocurrency. A good way to get some investment help is with a look at which cryptocurrency options are set for big gains in 2022.

Though using AI is hard, wants to make it a little easier. With, you get a digital twin that does tasks for you online. That twin can make payments and send out contracts for you. It can also handle tasks such as finding the best hotel room for a trip or ordering food from a local restaurant. gives you more free time to focus on your investments.


One of the cryptocurrency options you may not know is 1inch. 1Inch works as a decentralized exchange aggravator that only requires you to have a crypto wallet. Once you access your wallet, you can trade your cryptocurrency across different networks to make as much money as possible. It’s helpful to look at the current cryptocurrency prices before you trade to get more bang for your buck.


Another option to consider is Illuvium. This open-world role-playing game gives you a virtual wallet that stores any NFT tokens you capture. You can then sell those tokens to other players and cash out any money you make. Illuvium makes investing in cryptocurrency both easy and fun.


You don’t need to know a lot about cryptocurrency to know that Metaverse will bring some big changes to the industry. Render allows you to invest in digital tokens that you can exchange or sell. Many artists work with this network because they don’t have enough computing power. They can partner with people who have the power they need in exchange for a small investment. There are rumors that Render will introduce coin payments by the end of the year.


Experts believe that SushiSwap will grow a lot by the end of 2022. SushiSwap has good rates that are better than those you’ll find from other services because it uses blockchains to find the best rates. You can also invest your money and see how it grows. SushiSwap is a lot easier to use than similar options are.


Aave markets itself as a useful cryptocurrency choice for people who are unfamiliar with this industry. You can make a deposit via cryptocurrency and become a lender who lets other users borrow money. Aave helps you earn interest on your loan until you get the full payment back. This is also a popular choice because Aave allows you to borrow money in the form of cryptocurrency.

Though cryptocurrency investing is confusing, it’s easy to figure out where to put your money. All of these crypto options are poised to make some big gains by the end of 2022.


The Path to Financial Freedom from Start to Finish

Many people strive for financial freedom. It primarily refers to having sufficient personal funds to live comfortably without working hard to meet basic needs. Financial independence seems to be a daunting task, and many people are unclear about where to begin. While almost everyone faces obstacles, the following behaviors may point you in the right direction.

Determine Your Life Goals

How do you define financial independence? A vague desire for it is an inadequately defined goal; thus, be specific. Make a list of the funds you need in your bank account, the lifestyle you want, and the age you want to achieve it. The more specific your goals are, the more likely they will be accomplished.

Create a Financial Plan

Creating and adhering to a monthly home budget is the most efficient strategy to assure on-time bill payments and savings. It is also a long-term habit that helps you stay focused and resist the temptation to spend money.

Pay Off Your Debts

Credit cards and related high-interest consumer loans pose a threat to some people’s wealth building. Each month, make a point of paying off the whole loan. Paying on time is crucial for maintaining a favorable credit rating.

Keep an Eye on Your Credit Score

Even if you don’t currently have a plan in place to build credit, you should. It starts with using a credit builder card meant to establish a positive credit history. Lenders do credit checks on applicants for loans/credit cards. They might lend to applicants if they meet certain credit criteria, like having a great credit score.

Automatic Savings

Priority should be given to self-preservation. Enroll in your employer’s retirement plan and take advantage of any available matching funds. Having an emergency fund and making regular contributions to a brokerage account or similar account is also a good one.

Savings should ideally be set aside on the same day as income is received. This step ensures that they never come into contact with your hands, and you are free of temptation. Bear in mind that the suggested amount to save is very contentious. In some circumstances, the fund’s utility may be questioned.

Start Investing

There’s never been a more advantageous time to invest in the last 20 years than now. Pick wisely, and you may never have to work again. With that said, attempting to be an expert stock picker with no experience or believing you can be the next Warren Buffett are both irrational pursuits. Instead, create an online investing portfolio to learn how to invest, develop a sensible portfolio, and contribute to it.


Many people detest negotiating for goods and services because it gives the impression that they are inexpensive. You may be able to save hundreds of dollars each year by conquering this cultural barrier.

Adequate Maintenance

Taking care of your possessions and maintaining them over the years may extend the lives of various items. Maintenance is an investment worth making since it is a fraction of the cost of replacement.

Keep a Debt-Free Lifestyle

It’s easy to cultivate a frugal mentality and live life to the fullest on a tight budget. Many rich people learned to live within their means before they were rich. This is not a call to become a minimalist or discard everything you’ve gathered over the years. Separating what you need from what you want is a financially helpful habit to cultivate.

Utilize a Financial Advisor’s Services

After accumulating a significant amount of wealth, hire a financial consultant to educate and aid you in making decisions. They may help you manage your liquid investments or more difficult-to-convert tangible assets.

Take Care of Your Health

Your body needs proper maintenance. Invest in your health by regularly seeing your doctor and dentist and sticking to medical advice if you have any problems. Increasing physical activity and eating a balanced diet may help minimize or avoid getting many diseases. Certain businesses impose a cap on sick days, resulting in a considerable economic loss after such days are exhausted. Besides higher insurance premiums, poor health may cause early retirement and reduced income.

Final Verdict

The approaches described in this article vary in difficulty. You may realize that certain tasks come readily to you while others require significant effort. The more stages you complete, the faster you will gain financial independence. It will be a personal option depending on what works best for you.


As 2022 Opens, Investors Flock to Defensive Dividend Stocks

We are only just about the fourth month into 2022 and we have a war breaking out, coronavirus continuing to plague the earth, and shaky markets – it’s not looking great, both as a species and as an investor.

Still, the markets are perhaps yet to top some of the craziness of 2020-21, with the rise of meme stocks, NFTs, and social trading. The pandemic was actually an accelerator of tech stocks, which is understandable, because it pushed us towards working and entertaining ourselves online.

So, if we accept the pandemic appears to be winding down, that may take some of the legs away from tech stocks. But more than that, the incredibly high inflation rate is causing a bit of panic – panic which seems to be causing a sell-off of high-risk assets, of which tech stocks are very much the center of that.

Liquidity in times of crisis

As a result of the current invasion of Ukraine, along with the selling off of high-risk assets, commodity prices are soaring. It’s understandable to see how some commodities, which are being directly sanctioned or indirectly threatened are rising, but commodities more generally are conducive to the idea of a defensive repositioning.

Furthermore, commodities like gold are a little closer to being a currency, and liquidity is exactly what we want in a time of potential crisis – not least if you’re a Russian citizen right now.

Another way to stay solvent during a potential economic crisis is to ensure some income. Cash is king, at the end of the day, and you can’t pay your rent in securities. In fact, selling off stocks or funds during a time of crisis is precisely what loses people money, because they’re selling their portfolio during a temporarily bad price.

Besides the obvious advice to have a healthy emergency fund for a cash buffer, we can also adapt our portfolio to generate income. Things like real estate are a little costly, inflexible, and potentially illiquid, so dividend stocks seem like a natural choice.

There’s a solid argument to make that, the income you receive from dividend stocks is merely factored into their price anyway (i.e. they have slower growth, generally) – so you’re not getting anything for “free” per se. But, that’s not the argument in favor of them anyway, it’s that we need income during those moments of a market downturn.

Plus, dividend stocks are often popular among value investors because they’re less risky and therefore less likely to be overpriced. Value investing, intuitively, feels like a winner during a selling-off period of high-risk assets.

How to choose the right dividend stocks

Firstly, before deciding on the right stock, it’s important to know the limitations of dividend stocks as mentioned before. During vast periods of growth, dividends + the equity won’t necessarily outperform other stocks that don’t pay dividends – it somewhat works out to be equal. The advantage of non-dividend stocks is that you simply get more choice over when to sell and liquidate, as opposed to fixed dividend payments. However, during times of crisis, receiving income without selling off our underpriced stock is ideal.

This is important to clarify because an important factor in your choice of stock is the likelihood that it will pay out during a market downturn. One way to gauge this is simply to look at how many years it’s been without the dividend payout falling – some boast many years, which gives an investor a lot of confidence. This will increase your chances of being paid during a recession.

Of course, how much you’re being paid is important, and how much this dividend grows by. Dividend yields differ between industries, but considering the FTSE 100 has an aggregate dividend yield of 4.2%, anything above this is pretty good. As for the dividend yield, this is a percentage of the annualized dividend relative to the stock price. Whilst a high yield may be great, be careful because it may also be because of a recent fall in the stock price – perhaps triggered by an anticipated fall in dividends.

What exact stocks you choose will depend on your portfolio strategy too – but here’s the dividend kings list for some inspiration. For example, if it’s a dividend-focused portfolio, your choices may differ from a portfolio that’s just looking for some dividend diversification. In the latter, you’re going to be more focused on firms that are recession-proof with a solid dividend history and great value, whilst if you’re filling the whole portfolio up with them, you want a wide range from different industries and countries – including developing ones, perhaps.

The dividend payout ratio will reflect the dividend as a percentage of the company’s earnings. Don’t be fooled into thinking higher is better because it’s more generous – lower payout ratios generally reflect that they’re going to be more sustainable. If you’re using dividend stocks as a hedging/diversification tool, then lower payout ratios are more crucial here too.

As touched on with being cautious around ratios and yields, it’s clear that they do not tell the whole story. It’s therefore vital to perform some further research beyond purely a quantitative analysis of these metrics. Value investing techniques accompany dividend investing very well, but also perform some qualitative research on the market, economy, and customer sentiment.

This is because you never know when a war or pandemic will break out. On paper 10 days ago, many Russian companies may have been persuasive on their financials – but fast forward a week and their entire stock market is closed. Whilst we can be fooled into thinking the US market is perfectly safe, because it’s the strongest, geopolitics, natural disasters, and other events cannot be predicted.

Therefore, whilst the USD is looking to remain strong and US stocks have historically great growth, geographical diversification is still important. Canada, the UK, Australia, and many other countries are offering fantastic dividend yields too. If we’re looking to mitigate the dangers of a US-centered tech crash, or anything remotely similar, then Asia too could be a useful hedge.


4 Ways To Save Money On Car Insurance

Keeping insurance costs in check is a priority for most people, and it’s particularly relevant in the case of cover that’s a legal requirement rather than just a nice-to-have product designed to give you peace of mind.

Car insurance certainly falls into this category, so how can you cut costs while still getting the right type of package from a reputable provider?

Making improvements to your credit score

You might not realize it, but if you have bad credit it’s likely that this will have an undesirable impact on the price you pay for car insurance. So if you want to learn how to get cheap car insurance, doing something about a poor credit score is a great first step.

Your credit history is a factor that insurers take into account if you live in most states across the US, and will have a marked impact on the premium price you are quoted.

While this is not so much of a cost consideration for those in the UK, it does mean that you’ll pay more if you are taking out insurance on a monthly basis, rather than shelling out for a full year of cover up front.

A bad score doesn’t always mean you have a poor credit history, as people who don’t have a track record of borrowing can score lower marks, regardless of their net worth or income.

This means that even wealthy individuals still have a reason to leverage borrowing facilities, and repay any lines of credit on time.

Benefitting from insurance bundles

As with many finance packages, car insurance can be made more affordable if you combine it with other types of cover, rather than sourcing a single car policy from just one provider.

If you have more than one vehicle in your household, getting a bundle that protects all of them at once, and covers other family members’ use of them as well as yours, is often a cost-efficient option, for example.

Likewise if you are able to get insurance for your car alongside home insurance, travel insurance or anything else you might need for your lifestyle and to protect your interests, this may be a way to make a saving.

Increasing your exposure to risk

The core of any insurance policy is the calculated risk taken by both the insurer and the customer. The riskier an insurer considers you to be as a prospect, the more they will charge for their cover.

However, you can bring down car insurance expenses if you offer to accept more risk by exposing yourself to a larger proportion of the financial fallout of making a claim.

This is done via increasing the deductible, or the excess, which is the amount you’ll have to hand over if a claim is made in order to cover some or all of the repair costs and other fees.

Increasing your excess agreement can lead to a lower car insurance quote from the insurer of your choice. This is not always the case, so beware of exposing yourself to this risk for no good reason, and always read the small print.

Another way to take a risk on your car insurance with a view to making a saving is to opt for a less comprehensive package.

Picking a basic insurance product which gives you just third party protection, while leaving you to foot the bill for repairs needed for your vehicle, is a popular cost-cutting option.

Making the right choice

Finally, don’t forget that saving money on car insurance is not always going to leave you with the best possible type of cover, even if it does leave a little more cash in your account.

You have to consider your priorities, and think about the potential costs involved if you are overly frugal when it comes to insurance. You might decide that spending a little more is worthwhile.


Achieve your Financial Goals with Instalment Loans

There are months when you barely have any money left at all, but the responsibilities are still there. Handling such huge responsibilities requires an additional source of funding that you can use when the times are hard.
With the use of loans, for instance, you will be able to get the amount you need to get your responsibilities taken care of, and the payments will be easier to make since you will be working with easier and friendlier repayment terms.

Whenever you are looking for someone that will provide you with a loan in the middle of the month, you must look at their terms and conditions before accepting to take a loan. Some terms involve the repayment of the loan, and these determine whether it is the ideal kind of loan for you or not. For instance, installment loans are ideal since you will not have to worry about paying them back. They have been designed to make the repayment of the loans more straightforward for you since you only have to pay the designated instalment for the month, and you are good to go.
Additionally, you can take a more considerable amount of money in an instalment loan than you can with the other kinds of loans.

As such, you will be able to handle all the pressing financial needs that have to be taken care of at the moment, and the repayment is more organised and manageable. You will be paying back these loans in terms of monthly instalments which also means that you do not have to worry about the amount being too much for you.

The repayment can be spread out over a more extended period to ensure that you only pay as much as you are willing to for each month. Whenever you are looking for a loan, it is essential that you also look at the interest rates associated with the loan.

Sometimes, loans come with very high-interest rates that make them barely manageable and more complicated to pay back. Others have lower interest rates but require that you pay back the loan in very little time. This can be difficult for some borrowers to pay back since they need more time to pay back the loan entirely. With loans, you can achieve your financial goals and get your projects funded with the money you need. They are also easy to manage, and you won’t have to worry about getting the loan paid back in time.

The fact that you will be paying back the loan in instalments also means that you can easily slot in monthly repayments and set aside a certain amount of money to take care of the loan. As such, you will not have to spend all your salary on paying back the loan since the repayments have been distributed to equal instalments that can be made more comfortable.

The instalment loan works to your convenience and is one of the more comfortable loans you can turn to in times of need. The amounts you can borrow with such a loan are also higher, and you will not have to worry about getting your financial troubles sorted more effectively.

You can borrow more with this kind of loan, and as such, your financial needs will have been more adequately taken care of. Whenever you are looking for a loan, you must know what kind of loan is the best for your needs.

Someone who is employed and is receiving a monthly salary can borrow a higher amount since paying back in instalments is easier to manage, and they will also be allowed to take a bigger loan.

Additionally, the monthly instalments can be added to the person’s expenses for the months to come, making paying back the loan more manageable and less stressful for the person who had taken the loan.
No matter your financial needs, instalment loans are the best alternative for you. They are easy to apply for, take less time to process and ensure that all the expenses you need to take care of are handled. By working with a reliable provider, you will get a loan that will cater to your financial needs.


6 Reasons To Pick Up An Instant Loan Today

While traditional loans may take days or weeks to finance, an instant loan provides you with quick access to a personal loan in a matter of minutes.

Unexpected expenses are unavoidable in life, and you may not always have a plan to deal with them.

Whatever the nature of the situation, you will want cash quickly, and while many people can turn to their savings, you may not be so lucky.

You could not have enough money to cover the emergency, leaving you in a hole financially.
Fortunately, you can always depend on other financing options like an instant loan that you can receive in a matter of minutes.

You Can Easily Apply Online

Thanks to digitisation, you can now access a variety of financial products over the internet.
This includes emergency personal loans, and prominent lenders will provide you with a digital option.

All you have to do is:

Visit the official loan website, for additional information.
Complete the online application form with your information.
Confirm your identity.
Upload the necessary papers.
Fill out an application and wait for the approval.
If you meet all loan conditions, you may receive an instant loan online without travelling to a bank.

You Can Consolidate Debt

If you have debt spread over many credit cards with exorbitant interest rates, a personal loan may be an option for debt consolidation, particularly credit card debt.

It\’s also one of the most common reasons for taking out a personal loan.
Personal loans offer lower interest rates than credit cards, especially if you have a good credit score.

The best personal loans have a low-interest rate, much lower than the double-digit percentages charged by most credit cards.

You can get a personal loan, pay off your credit card balances, and then make a single payment to your new personal loan servicer.

You\’re Looking For A Less Risky Option To A Payday Loan

If you have bad credit, you may have contemplated taking out a payday loan to finance a purchase.

On the other hand, payday loans are troublesome, even though they might be a convenient way to get cash between paychecks.

A bad or low credit score does not automatically preclude you from borrowing money, but it may need a more thorough examination of your lending choices.

There are a lot of lenders that provide poor credit personal loans and will deal with you regardless of your credit score, including:

A personal loan will nearly always offer lower rates and fees than a payday loan, as well as a longer payback timeframe, so your search will be worthwhile.

Instant Loans can Help With Unexpected Expenses

You may take out a personal loan if you need money right soon to meet bills, an unexpected financial situation, or anything else that requires immediate attention.
Most lenders provide online applications that enable you to find out if you\’ve been accepted in minutes.

Depending on your lender, you may get financing the same day or within a few business days.
An instant loan can be used to pay a variety of expenses, including:
Taking care of past-due mortgage and utility bills
Medical expenses
Expenses for the funeral
An unanticipated vehicle repair
Wedding Expenses
Moving Costs

You\’re Searching for a No-Collateral Loan

One of the advantages of taking out an instant personal loan is that they are usually unsecured loans, meaning they are not secured to assets such as your home or vehicle.

While secured loans usually have lower interest rates, they do come with some risks:
If you fail on a secured loan, you may forfeit the collateral you used to secure the loan.
For example, falling behind on your car loan payments, your vehicle could be repossessed.
You may feel more protected with an unsecured loan since financial difficulties might come at any moment.

Car Loans

If you want to purchase or lease a vehicle, vehicle loans are accessible, but personal loans are also available.

Although vehicle financing offer lower interest rates than personal loans, they are secured loans that require the use of your car as collateral.
Personal loan funds may be a better alternative for you if you\’re concerned about skipping payments and having your automobile repossessed.

Final Word

Sometimes all you need is a bit additional cash to accomplish what you want. Immediate loans may help you bridge the gap and get back on track with a fast, safe, and cheap instant loan.


Three Ways to Build Ecommerce Wealth With Minimal Upfront Financial Investment

If you’ve been brainstorming ways to increase your wealth and boost your financial earnings, you should think about starting an ecommerce site. In fact, over 70% of small businesses in the US make money by selling their products or services online.
Additionally, 69% of Americans are known to regularly shop online and 25% shop online at least once a month. In light of these encouraging statistics, it’s a fair claim to say ecommerce is here to stay. You can potentially earn a tidy profit by starting your own ecommerce site. But how?
Earning money with an online business is certainly achievable. However, most startup ecommerce entrepreneurs don’t realize it doesn’t have to cost an arm or a leg to get off the ground. Here are three simple ways you can start making money in the ecommerce world without breaking your bank account.

Build a DIY Ecommerce Site

The benefits of bootstrapping your own ecommerce site are multitudinous and this option is ideal for the free-spirited entrepreneur. If you have a very distinct idea of how your sales website should look and feel to your viewers, a DIY site is for you. You have full control of site navigation, page-load speeds, and creative expression. A DIY ecommerce site also allows you to scale and adjust according to your financial goals.

There are a few disadvantages to this option. Building your own website can be relatively simple to start with a super user-friendly content management (CMS) such as WordPress. However, if you’re technically challenged and have no clue about any kind of online publishing or selling, the DIY option can present frustrations. Still, there are inexpensive workarounds to help you through newbie learning curves.

Starting an ecommerce website on your own requires minimal upfront costs. However, you will need to pay for quality hosting such as a WooCommerce hosting platform. This ensures your site speed is fast, and online purchases are safe and seamless for your customers.

Specialized ecommerce hosting is also a godsend if you are new to ecommerce website maintenance and ownership because it can automate a lot of functions that, as a newcomer, might be fiddly. The cost is very affordable, and monthly service packages are available to suit any budget.

Third-Party Ecommerce Site

This might be a better option for new online entrepreneurs who don’t want to tinker with programming, design or coding. Third-party services such as provide all-inclusive packages with pre-made themes. It’s basically a one-stop solution for building an ecommerce website.
The downside to this option is that service fees and hosting costs can get very expensive. This is especially true the bigger your website gets. While some “boxed” ecommerce website packages proclaim low monthly charges at first, the add-ons to make your site functional and appealing to your customers can add up over time. Additionally, fees are typically taken from each sale you make using this method of online selling.
Furthermore, you have very little freedom with site design and creative expression. Third-party ecommerce sites tend to be very cookie-cutter. You can make creative changes, but if you don’t have the knowledge, you may wind up paying a professional web designer to do it.

Sell On Other Websites

This option is for budding entrepreneurs who want to sell online without having their own ecommerce website. Online marketplaces such as Amazon, Etsy or Ebay allow you to make money online by selling your products on their platforms. While this is a no-brainer for anyone wanting to skip over the challenges of owning their own website, it isn’t necessarily a cheap option.

To explain, every online marketplace wants their cut from your profits. For instance, Esty charges a fee for every product you list on their site. Ebay takes a percentage of your sales. And if you want to sell on Amazon, you’ll be expected to buy into a monthly seller\’s plan. Furthermore, some online marketplaces tack on additional transaction fees after customers purchase your products.

Weighing Financial Costs and Gains With an Ecommerce Website

After considering these three main options available for selling online, hopefully you’re in a better position to take the plunge and make money with an ecommerce website. To be sure, each option presents different advantages and disadvantages. Your choice to grow your wealth through ecommerce depends largely on your budget and the amount of time you want to invest in your endeavors.


Did you know limousine services can save you money?

Though chauffeur hires are usually seen as an unnecessary use of money, the truth is that there are situations in which they are quite cost-efficient.
That long, beautiful car stopping right where you are. That elegant chauffeur stepping out to open the rear door for you. That gorgeous and huge cabin just for you and whoever is traveling with you. Beautiful décor to soothe your eyes, smooth music to please your ears, your favorite drinks to suit your taste… it is almost impossible to resist the numerous ways in which a limousine pampers you.
For most of us, the only reason why limousine services are not part of our routine is their cost; at a first glance, they are much more expensive than taxis or app rides, let alone public transportation. However, it is necessary to mention “at a first glance” because there are many variables to analyze. This article will show you that, in the end, limousine services deserve more attention than they get.

Limousines are safer

All limousine services are arranged beforehand, whether through an app or a phone call. Therefore, you do not need to worry about anything on the day: the car is going to arrive at the specified place and time. You will have no problems like app rides repeatedly canceling on you late at night, a taxi stop out of cars when you need one the most, or spending too much time alone on an empty street.
Another point is that building a strong image is essential to any limousine service. All chauffeurs are extensively trained and subjected to strict work protocols, not to mention that the company will be open to any reports you may have. In other words, you can expect only the best service and, in case something still goes wrong, you will have the means to report it and eventually come to a solution.

Limousines are healthier

The concern with their image is also the reason why limousine companies keep their cars clean and well-maintained all the time. For you, that means not only a pleasant cabin where to ride, but also a cabin with pure air, clean surfaces, the absence or mold or bugs, and no odors at all. Unfortunately, that is not the reality of several taxis and most of the vehicles employed in public transportation.
Choosing a limousine hire will benefit your ears as well. Older buses, cars and trains usually have a loud engine, not to mention clanking noise from defective trim parts. High-end cars are designed to reach as close as possible to absolute silence inside, so you can perfectly carry a conversation with your travel group or even catch up with some work while you have not arrived at your destination.

Limousines are more predictable

Arranging the ride beforehand allows you to rest assured that you are going to have a car available as you specified, and that it is going to have a trustworthy driver, as mentioned. Besides that, these services offer all-inclusive prices: you will sign a comprehensive contract that specifies the allowed luggage, what costs are included, and even what protection will be offered in case of an emergency.
With that contract, you are free from the problem of a driver taking a longer route to make you pay more, and the hassle of having unexpected expenses such as toll and luggage fees. Not to mention you will be informed of what assistance you are going to obtain in case of need. When we travel to a new place and/or are on a tight schedule, such predictability is more valuable than some dollars.
We know that the cost of a chauffeur service in Paris is usually high. However, this text aims to show you that such price does not come exclusively from luxury or ostentation: limousine services can, indeed, be a rational choice once you consider all factors involved. What do you think of that side of limousine rides?


‘Should you pay for your car in cash (rather than financing it)?’

If you have the option to either buy a car with cash or purchase it via financing, you will want to know which option is best.

Check out the following helpful information so you can determine which is the right choice for you.

Buying a Car with Cash

Unlike financing a car, buying a car with cash enables you to own the car outright from the moment you pay. There is no outstanding amount left to pay off.

Also, because you will not be making monthly payments to finance the vehicle, you will not be paying any interest. So, buying a car with cash can work out much cheaper in the long run compared to financing a car.

Furthermore, purchasing an automobile with cash means you do not have to worry about needing a credit check. There is no mileage limit to be wary of either. And when it comes time to buy another new car, you can use your car in part-exchange and get your new vehicle for cheaper. You also do not need to ask permission to modify your car.

With no interest rates, contracts, or restrictions on how you drive, paying for a car in cash is often the best option.

The only real drawbacks of buying a car with cash are it can take time to save money and you will not be able to find as many discounts on new cars in comparison to financing options.

Buying a Car Via Financing

Cash might be the best option, but actually, paying for a new car in cash is unattainable for most people because they simply do not have large sums of cash available to make one-off purchases.

However, the good news is, if you decide to finance your car, you can easily find the best car loans when you use an excellent comparison site.

Whether you should pay for your car in cash or finance it can simply come down to your financial position.

The best thing about financing a car is you get to drive a brand-new vehicle even when you are on a tight budget.

On the other hand, if you save up to purchase the car you want, it can take a very long time to get the cash together. By financing your car, you get to spread the cost over several months, making it much more affordable than a lump-sum payment.

You could also get a better deal compared to paying with cash because there are more discounts and deals available for cars you buy via financing. However, you will have to pay interest, which can end up costing you more in the long term; although it is possible to find deals with 0% interest sometimes.

With the financing option, you could also face mileage restrictions ad potential payments for damage and excessive wear.

At the end of your financing agreement, you can usually either become the owner of the vehicle or use any positive equity to pay for another car with a new financing contract.

Typically, financing contracts for buying new cars last between twenty-four and sixty months.

Summing Up

Whether you should pay for a new car with cash or finance it largely comes down to your personal situation.

If you do not have enough cash in your savings account , financing your car is the best option.

On the other hand, if you have the option to either purchase in cash or finance, you should carefully weigh up the pros and cons to find the right solution for you.


12 Essential Conversational Skills for Business

The ability to speak clearly and confidently is crucial to success in business. If you want to get ahead, you need to develop these skills.
You don’t need to be a natural speaker to succeed in business. Some of the greatest leaders in history didn’t necessarily excel at public speaking. They had other talents that helped them rise above their peers.
For example, if your clients speak another language you may like to improve your language knowledge and communication skills for smooth flow of work. Start by reviewing these strategies for mastering spoken communication if you wish to improve your communication skills.
1. Spoken communication
People struggle to get things done because they keep quiet about what they think and feel. We often don’t share our ideas out loud because we worry about not being heard or aren’t comfortable sharing our opinions.
But if you want others to listen to your point of view, you have to say it. It makes no difference if you\’re talking about work or school. As long as you can express yourself well enough so that people understand your message, there should be no problem.
In your oral communication ensure that you use terms that your clients and workmates understand. If it’s an American audience, you need to note their favourite accents and master them. Oral communication needs to be clear and precise.
2. Active listening
When you ask someone questions, give them time to answer. When you’re giving instructions or explaining something, let them know when to follow up later. This will make them feel like you’re interested in their input.
And when they see you’re responding to them in real-time, they’ll be much more likely to open up and share their thoughts with you.
3. Body language
People often pick up on nonverbal signals from those around them. For example, you could use facial expressions or gestures to indicate what kind of reaction you expect to hear back. You may also hold a certain body posture to emphasize points you want to make.
4. Speech patterns
Think about how you would sound if all the words stopped coming out of your mouth. Is your voice too high-pitched? Do you stutter or stammer? If so, what type of speech pattern is causing this? Are you using proper grammar, spelling, and diction?
5. Vocal quality
Does your voice carry weight? Is your tone clear? Does it come across with confidence? What makes one person sound authoritative and another sound timid? The answers won’t lie within the physical structure of your vocal cords. Instead, it’s going to take practice and consistency to master your voice.
6. Eye contact
It might not seem easy to maintain eye contact while speaking to someone who isn’t sitting next to you. Studies show that lack of eye contact when speaking to people speaks a lot about you. And since many people avoid direct eye contact, it often leaves us feeling frustrated and uncomfortable.
6. Pacing
How long does it take for you to talk? Most people speak very quickly. People who pace themselves and control their speed tend to command greater respect than those who blurt things out in the heat of the moment.
While you may find yourself rushing through an important presentation, try slowing down to control the flow of information.
7. Repetition
Even though you might have planned what you wanted to say beforehand, your words still need to be delivered at the right pitch, volume, and rhythm. Keep repeating phrases until you find the right balance.
8. Clarity
The clearest communicator usually wins. You\’ll make mistakes over and over until you remember to explain what you said, no matter how good your memory is. Ask yourself these two questions: “Am I making sense? Am I saying what I mean?”
9. Punctuation
Whether you’re discussing an issue with colleagues or speaking to customers over the phone, you need to put periods where they belong. Some writers believe you shouldn’t end sentences with prepositions, but this varies depending on context.
10. Voice inflection
If you’re trying to convince someone of anything, you have to demonstrate emotion. Speak louder or softer depending on what you want to convey. Sighing, frowning, and smiling are just a few examples of ways to change the way you deliver your message.

11 Timing
You only have seconds to make an impact before your listener loses interest and moves away from you. To avoid sounding awkward or monotone, you must pay careful attention to timing and punctuation. Make sure each word carries its full meaning and leaves the listener wanting more.
12. Consequence
There’s an adage that says, “If you tell a joke and don’t laugh, then you’ve told a story. If you tell a story and don’t care about the consequences, then you haven’t really shared anything.”
Asking yourself these kinds of questions will help you become a better communicator. If you start paying attention to these areas, you\’ll see how much more efficient you can be when conversing with friends, co-workers, and loved ones.
Winding it up
These simple tips can add up to huge results! Use them when communicating with people at your workplace or business premises. It could be your boss, clients, or workmates.


Top 5 careers in accountancy

An accountancy career is, generally speaking, a stable and lucrative one, regardless of which accounting area you go into. With that being said, there are certainly some accounting jobs that have a higher scope for career development as well as a higher average salary. Many of the top accounting jobs require extensive training and certification, as well as at the very least a bachelor’s degree, if not a master’s degree in accounting. But they are well worth the time and effort put into obtaining them and accounting graduates are in a good position to obtain the best accounting jobs. Some accounting jobs will involve working in financial departments of large organisations, whereas others will see you working for an accounting firm with clients (individual or companies). Let’s take a look at the top five accounting careers.

1) Chief financial officer

A chief financial officer (CFO) is the highest financial role available in a company and the third-highest role overall. The CFO is responsible for the financial health of the company, business strategy, risk management, as well as financial and business decision-making. Rachel Dooley from Auditox Accountancy once had this title before going solo and her role was twofold. She was ultimately responsible for the financial management and financial reporting of the finance team, and this can include ensuring that financial reporting is compliant and accurate. She was also responsible for communicating with the board of directors and department heads to advise about business and financial matters.

The average salary in the UK for a CFO, according to Payscale, is £52, 000 – £172,000, and can include a base salary as well as bonuses and profit-sharing in the company. This is arguably the most lucrative of the accounting careers, which of course makes it extremely competitive to get into. A typical route into becoming a CFO would be a bachelor’s degree and a master’s degree in accounting, as well as becoming a certified public accountant.

2) Financial controller

A financial controller is a senior manager in charge of the accounting department. Their role can vary depending on the size of the company, but they can include ensuring the compliance of financial records and financial statements, overseeing the accounting activity of the accounting department, and in some cases using financial data to advise about strategic business decision making. Using an SEO company that has a CFO as an example, the financial controller will report directly to them. And becoming a financial controller can be a stepping stone into becoming a CFO. In a smaller SEO company, a financial controller might be involved in preparing financial reports, as well as to prepare budget reports and cash flow statements, and they may also be responsible for ensuring that tax returns are accurate and compliant.

The average salary in the UK for a financial controller, according to Payscale, is £31,000 – £77,000 and can include a base salary as well as bonuses and profit-sharing. A relevant degree in accountancy, maths, business, or finance is required to become a financial controller, as well as an accountancy qualification.

3) Financial accountant

A financial accountant is responsible for preparing financial statements and financial reports to demonstrate the performance of the company and to help manage finances. They also take an active role in the company’s financial accounts and financial records and often will also be tasked with ensuring that financial practices within the company are as efficient as possible.

The average salary of a financial accountant, according to Payscale, is £27,000 – £56,000, including bonuses and profit sharing. To reach an accounting career as a financial accountant, you will usually need to have a chartered accountancy qualification.

4) Financial analyst

Financial analysts are accounting professionals that are tasked with the role of analysing financial reports and data and applying that financial information to advise about financial strategies and financial decisions within a company. They may also analyze budgets and help to develop strategies to make them more efficient. Financial analysts can work for any business company, but they are also often hired by financial institutions, and they are often involved in investment decisions and advising about financial risks and benefits of business decisions.

The average UK salary of a financial analyst, according to Payscale, is £23,000 – £57,000, including bonuses and profit sharing. A bachelor’s degree in a maths or finance-related field, as well as a master’s degree, can help to get a job as a financial analyst, as can a certified accountancy qualification.

5) Tax accountants

Tax accountants are specialised in advising companies about their taxes. This can include tax compliance as well as tax liability. They are often tasked with ensuring that the company, or individual, isn’t paying tax that they aren’t liable for, and for ensuring that all tax records are compliant with relevant tax laws. Tax accountants can help their clients to make financial decisions by informing them of their tax liability, and they tend to be busier during the tax period of the year. Tax accounts can be attached to an organization’s accounting department or they can work for accounting firms that have private clients.

The average UK salary for tax accountants, according to Payscale, is £17,000 – £49,000, including any bonuses. To become a tax accountant, an undergraduate degree in accounting is desirable as well as an accountancy certification.

Other top accountancy jobs

Forensic accountants
Financial manager
Accounting managers
Forensic accountant
Accounts payable specialist
Public accountant
Cost accountant
External or internal auditors

The bottom line

There is a huge variety of accounting careers in all areas of the financial industry. Deciding on which accountancy career is for you depends partly on where you want to go in terms of academic qualifications, what your own necessary skills are (including soft skills), and how much you think you would be fulfilled by the role itself. For most accounting jobs, you will need to have relevant qualifications but these can be obtained through a variety of different routes.


How to Get a Loan if You Don’t Have a Job in 2022

Every year, more people are faced with unemployment. While some workers are able to make ends meet by turning to temporary side jobs, others struggle to pay their bills or maintain a lifestyle that they can’t afford without a steady income.

If you’re currently unemployed, you might be wondering how to get a loan if you don’t have a job in 2022. This article shows you basic things on how to find an alternate source of income without coming up short on cash flow.

What Do Lenders Need To Approve A Loan?

Before we start discussing how to get a loan if you don’t have a job, it’s important that you understand the basic requirements to get approved for a loan. While these requirements can vary from lender to lender, there are some things that most financial institutions look for.
Strong Credit History
This is a must for any loan application, whether you are getting an auto loan, mortgage or personal loan. If you have bad credit, it will be even more difficult to get approved for a loan since lenders will want to ensure that they won’t be out all of their collateral if you fail to make payments. If your credit history isn’t the best, you should try other options to help you get approved.
Credit Score
Lenders will also look at your credit score while evaluating your application. This lets them know where you stand in terms of paying off your debts and how likely you are to miss payments or default on the loans altogether.

When it comes to getting a personal loan, a credit score is often times necessary. If you don’t have one, you might consider taking advantage of free credit monitoring services such as Credit Karma to help establish yours.
Regular Income
The lender will also want to see that you have the ability to make the loan payments on time, which means that they need to verify your income by checking tax returns and other documentation. If you don’t have any regular income coming in, there are options available for those who need loans during unemployment.

Can I Qualify For A Loan With Alternate Income?

It will be hard enough, but it is possible. While you might have your employer automatically deduct your paycheck, the lender isn’t going to want to take a chance on a potential default.

As mentioned before, if you don’t have any income to speak of but have a strong credit history, you could consider using one of the many guaranteed loans for unemployed available in order to get the money that you need while you’re looking for a job or otherwise unemployed.

What To Consider Before Taking Out A Loan While Unemployed

A lot of people who find themselves unemployed may be tempted to apply for a personal loan in order to make ends meet while they look for a new job. If you choose to do this, there are some things that you’ll want to consider first.
High-Interest Rates
The interest rates on personal loans are usually higher than payday loans, and some lenders will even charge you penalty fees for paying your loan off early. Before you apply, be sure to take into account any extra charges that could result in a final payment that is much more expensive than what you’d expected.
Know The Interest Rate
Before you take out the loan, it’s essential that you know the interest rate associated with it. If you don’t, the loan could end up being more expensive than intended, which will only worsen your situation in the foreseeable future. If you have any questions regarding interest rates and more, simply contact your lender or check their website for more information.
Terms And Conditions
As with any loan, you need to satisfy specific terms and conditions before your application can be approved. For example, most personal loans require a minimum credit score in order to qualify for the lowest rates and an income of at least $1,000 per month to qualify for the highest rates.

Plus, you’ll also have to agree to stick to the terms of your loan, which may include a set repayment schedule that involves payments made automatically by either the lender or your employer.

Where To Get A Personal Loan For Unemployed

One of the most common places for someone who needs a personal loan during unemployment is their local bank or credit union. However, if you’ve already maxed out all of your lines of credit with them and still need a personal loan while unemployed, there are other options available. As mentioned earlier, there are other options available when it comes to getting approved for an online loan, such as The Guaranteed Loans.

The Bottom Line

Since the economy is still in a state of flux, there will likely be more people who find themselves unemployed in 2022 than we usually see in years past. Those who find themselves in these types of situations can take comfort in knowing that they have options available to them if they don’t already have a steady income. Just remember that no matter what you do, you have the opportunity to get a loan even if you don’t have a job.


Why Successful Companies Invest in a Global Mobility Program

Successful companies like Vodafone, Johnson & Johnson, and HSBC have all adopted global mobility programs. Indeed, the use of global mobility has contributed to the success of those companies.

In this modern 21st century world, businesses from all kinds of sectors are starting to see the benefits of global mobility programs and are following the likes of Vodafone.

Let us take a closer look at why successful companies are investing in global mobility.

What exactly is global mobility?Header text goes here

Are you wondering: what is global mobility? Well, the term refers to the process of physically moving employees around the globe.

Companies of all sizes are beginning to move their workers to different countries for numerous beneficial reasons.

After exploring the following reasons for why successful businesses are embracing global mobility programs, you are sure to want to consider adopting a program for your company.

Attaining Top Talent

Keeping top talent can be challenging for companies these days.

More and more businesses are introducing innovative benefits and incentives to attract and attain the best employees.

With more competition between companies than ever before, one way in which businesses can attract and attain talent with the ideal skills, qualifications, and attributes, is to provide travel opportunities.

Young talent is especially hard to find and young professionals are wanting to travel more than previous generations.

Therefore, when companies offer top talent positions in other countries, those employees remain happy in their work and are much more likely to be loyal to the companies they work for.

Putting Talent in the Best Place

Happy employees equal productive and loyal employees. So, companies benefit from moving top talent around through global mobility programs as much as the employees benefit.

The number one way in which global mobility is beneficial to companies is being able to place the best people in the right positions.

Putting talent in the best place is of course something every business should do, but when companies extend the practice to global locations, they can ensure all their worldwide operations run smoothly and efficiently.

Accessing a Larger Pool of Talent

Global mobility programs are not only about placing your home-soil workers in other countries. It is also about moving around professionals from other countries.

With a solid global mobility program, companies can access a global, diverse workforce, meaning they have access to a much larger pool of talent.

Speeding Up the Time it Takes to Launch New Products

Companies that create and sell products need to get to market quickly to ensure they remain a step ahead of their competitors. To achieve that, businesses need to deploy their talent quickly into new and existing markets.

By having a global mobility program already in place, companies can speed up how quickly employees are sent from one location to another.

In turn, that means the businesses can enter new markets first, build the market share, and expand their global brand.

Creating Consistent Company Values Throughout the World

To create a successful global brand, a company needs to be consistent in its operations and values in every country.

By placing the right talent in the best places, companies can ensure that their brands are consistent in every way.

Furthermore, when companies have strong values, it attracts the best talent. Company values are especially important to young professionals. Bland and faceless corporations have become outdated.

So, maintaining consistent company values around the world is very important, and having a global mobility program in place can ensure those values are upheld.


Growing a Retail Business: How Improving Your Delivery System Helps

Whether you operate an eCommerce retail business or you own a high street shop, there are several steps you can take to improve your delivery system. And with a better delivery system, you will be able to more easily grow your business. Let us find out how.

Providing the Delivery Options Your Customers Want Increases Sales

You are sure to have a website where customers can place orders, regardless of whether you have a brick-and-mortar shop or you only operate within the digital sphere. So, you need to look at ways of improving the order process for the customer.

Firstly, you need to make the process as straightforward and simple as possible. Secondly, you need to provide several delivery options.

By doing so, you will attain new customers and get repeat custom, and therefore grow your business. Why? Because customer demand is changing. Consumers want to be able to place same-day and next-day orders, choose morning or afternoon slots, and have the option of doing click-and-collect at shops.

Ensuring You Provide a Quality Service Creates Customer Loyalty

To grow your retail business, you need your customers to be happy, buy from you time and time again, and recommend your business to their friends and colleagues. To achieve that, you need to provide quality service.

While quality customer service should be a priority of any business, too many retail companies overlook how important providing quality customer service is at the delivery stage.

You should consider handling deliveries in-house instead of outsourcing to a third party to ensure your couriers are trained in how to best represent your company. You can even add personal touches that go a long way when you deal with your own deliveries.

Using Route Planning Software Leads to Better Efficiency and Increased Productivity

Quality customer service is all good and well, but unless you always ensure deliveries are made on time, you will not be able to grow your retail business. Indeed, you will end up losing customers.

Thankfully, it is easy to maintain an efficient delivery service that always delivers goods on time via using GPS to locate addresses and route planners to automatically find the most optimal routes.

Once you gain a reputation for delivering on time, you will attract more customers.

Furthermore, when you use route optimization software, drivers can deliver items quicker. That means you can expand the number of deliveries you make each day, thus enabling you to increase your productivity and profits.

Expanding Your Delivery Coverage Enables You to Reach More Customers

If you own a small physical retail business, you may only deliver items in the local vicinity at present. If that is the case, consider expanding your area of coverage.

Although using an in-house delivery system could mean you need to hire more drivers and you will need more outgoings for fuel, those costs can be more than worth it.

By expanding your delivery area, you can reach more customers and grow your business further. Simple.

Even if you operate an online retail business, you could consider expanding your delivery range by partnering with third party delivery companies to ship your products to countries all over the world.

Final Thoughts

Ultimately, the precise steps you take to improve your delivery system and grow your business must be based on your specific situation.

For instance, some retail businesses are better off outsourcing their delivery systems while others find in-house delivery to be the best option.

The important thing is that you consider the above methods for improving your delivery system and spend time working out which options are best for you.


A Guide on Using the IVA Procedure to Get Rid of Debt in 2021

IVA or Individual Voluntary Agreement is a legally binding agreement between yourself and the creditors that you owe money to. It is the bankruptcy alternative and will allow an individual to be debt-free in 5 years.

You will agree on an amount you can afford each month over five years. At the end of the five years, they will clear your unsecured loan.

Being in debt can be stressful, and understanding the best debt solution is equally strenuous. Therefore, you must have a guide to explain your best options.

Understanding IVA

IVA might be what you need to consolidate all your debts into one payment that you can afford monthly over five years. The IVA procedure will allow you 60 months to organize how to pay your debtors.

Over these 60 months, you can pay a lump sum to settle your debt early as there is no set time in the 1986 Insolvency Act. It can last less than five years. Here is a guide to using the IVA to get rid of debt.

Comparing IVA Companies

Not all companies that claim to represent IVA are genuine. So it would help if you took the time to compare the companies before settling on one.

As you make the comparison, remember that IVAs are not for everybody. A good IVA company should tell if it\’s good for you.

Step 2; Make the Proposal

After speaking to a good debt consultant company, they will tell you if IVA is for you. If so, they will collate all your credit information into a proposal for a case referred to an Insolvency Practitioner.

The proposal will have all the information the IP will need. Then he will present it to your creditors in a professional manner.

The Paperwork for the Proposal

Before the IVA can draft the proposal, you must provide them with proof of your financials. Your IP will need to have the details of the circumstances that have led to your current financial difficulty.

Let your IP understand your income and expenditure so that they understand whether or not you will be able to maintain the payments that the creditors will be given for assessment. The details they will need include.

Total income
Total debt
Your expenses
Family situation (about partner)
Rent, mortgages,

The IP will need paperwork to confirm the current financial situation, rent or mortgage agreement, food, utility bills, and bank statements. Your wage or payslip will also be required to verify that you can afford the proposed IVA before it is proportioned to your creditors.

Statement of Affairs

The statement of affairs will also contain the creditor details and a breakdown of income expenditure. Your IP can gauge your disposable income from the analysis, which he will use to see what monthly instalment you can afford.

Then, an interim order stops your creditors from taking further action until the IVA has been considered and either approved or otherwise.

The Sip 3 Call

Your IP will now put in a Sip 3 call when the statement of affairs is appropriately organized. This step is a legally required IVA process that helps the drafter familiarize with the applicant\’s situation.

The SIP 3 call allows the drafter to get into the history of the applicants\’ financial problems to understand how they got where they are with debts.

Step 4; The MOC

The MOC, which stands for \’meeting of creditors,\’ comes after the selected insolvency practitioner has packaged the case. Your chosen IP will arrange a venue, time, and date where the creditors will meet. However, this only happens in theory, and the creditors communicate via emails or letters.

The Meeting of Creditors Vote

All the information collected, including disposable income, debt levels, and proof of debts, is forwarded to the creditors. A proxy voting is then set up, and they either accept or reject the IVA proposal.

Here, your IP will provide a figure you can afford to pay every month.
75% of the creditors must approve the IVA for it to go through. Most creditors only agree because it is their only way of getting some money back since the other option could be bankruptcy, where the creditor receives zero.

Refused IVA

Not all IVAs will be approved, and there are various reasons why one will be refused. A common reason for rejection of an IVA is if gambling is on the bank statements. The gambling aspect will lead the creditors not to trust you to keep up with the monthly payments.

Instead of total rejection, the creditors could also ask for modifications before approving.   However, if it’s a complete denial, you may have to look for other options. 

Approved IVA

If the IVA is approved, it becomes binding by law to both you and the creditors. At the meeting of creditors, albeit not physical, is where IVAs are rejected or approved. Once it’s approved, then you will pay the agreed amount for five years. Any debts owed after the 60 months are written off.

Step 5 Starting the IVA

At this stage, the creditors’ meeting Chairman will prepare the Chairman’s report and circulate it to the rest of the creditors and your mortgage provider, your bank, and the court. ( for North Ireland cases).

The report will spell out what you need to do to complete your voluntary agreement and your Insolvency Practitioner who acted on your behalf. At this point, all your creditors will stop chasing you. The one affordable monthly payment you make will be distributed among all the creditors.

Step 6 End of the IVA

Make sure you keep the terms of your Individual Voluntary Agreement. You will be debt-free in 5 years. If you have varied or adverse changes during the life of the IVA, your supervisor may offer your creditors some variation in the terms.

IVA Completed

When you complete paying off the IVA, you are free, and you can start rebuilding your credit file. You will not be under duress, and you can have a new beginning.

Parting Shot

An Individual Voluntary Agreement is a way out for you multiple debts when you become unable to pay them. The creditors have to take whatever you can pay as presented in the IVA by your IP. After five years, you will be completely free of debt as the balance will be written off as per the agreement.

Private ClientWealth Management

Preserving a Heritage of Excellence

Preserving a Heritage of Excellence

Proserv is a global leader with a worldwide presence, offering a fresh alternative in the delivery of engineering and technical services to the energy, process and utility markets. We spoke to Andy Anderson, Regional President MEA at Proserv, to find out more about the company and its innovative services.

Andy, could you begin by providing our readers with a brief overview of Proserv Middle East and the services you offer?

“Proserv is a global leader and a fresh alternative in the delivery of engineering and technical services to the energy, process and utility markets, supporting clients throughout the lifecycle of their assets. We operate in six regions throughout 22 facilities and 12 countries, offering 24/7 local support services. Core to the Proserv offering is our ability to manufacture, deliver and support solutions locally through our highly experienced pool of technicians and engineers.

“We have been based in the UAE for over 25 years, largely servicing customers across the energy sector, including offshore and onshore services, equipment design and manufacturing. Proserv has supplied the vast majority of installed wellhead controls in the region through its legacy brands – Brisco, CAC and eProduction Solutions.

“We deliver a broad range of hydraulic safety shut down systems for wellheads, chemical injection systems, downhole and surface sampling systems, from bases across the region; all of which are backed up by a strong technical team who are able to install, commission and maintain equipment in the field.”

Talk us through your approach to client service. How do you maintain the high standards synonymous with the Proserv brand?

“Meeting and exceeding our clients’ expectations is vital to ensuring our ongoing success. We strive to develop and maintain this through establishing business relationships built upon experience, competency and trust. We focus on regular face-to-face engagement with our clients, taking the time to understand their requirements.

“We then revert with a solution that is in line with our company ethos – Ingenious Simplicity. This concept is based upon challenging convention in an industry that continues to ‘over engineer’. Ingenious Simplicity is about being flexible and responsive to clients’ needs, while reducing unnecessary levels of complexity in order to get the job done in a cost effective manner.”

Following on from this, what is it that makes Proserv Middle East unique? How do you distinguish yourselves from your competitors, and present yourselves as the best option for your clients?

“Proserv has an extensive brand heritage spanning over 40 years. Through our acquisitions, we have shown the importance of embracing this heritage alongside a commitment to constantly evolve and develop innovation.

“A key topic in our industry right now is ageing wells, and as a result E&Ps are searching for adequate partners to support their OEM requirements, without full system replacement. Many parts for the old wells are now obsolete or superseded and so Proserv has recognised this and positioned itself as a partner of choice who can re-engineer the part required to maintain production.

“Also, we actively listen and collaborate with our clients to find cost effective solutions for their maintenance and production issues. A great example of this was the development of our cost-effective Smart Box solution. Also, we are currently working on the development of an Asset Enhancement Global Intelligence Solution (AEGIS), which will be released, to our customers this June.

In order to provide quality services, exceptional staff are crucial, so please tell us more about the culture within Proserv Middle East and the things you do to maintain and develop it. What do you look for when attracting new staff and how do these traits help them integrate into your company?

“Our growth is driven by a team of dedicated and talented people who provide the company with expertise in engineering and business, creating pioneering solutions that allow us to remain competitive. As a service EPC, our people are our biggest asset and we nurture an environment that encourages creativity and employee-driven innovations.

“In the UAE, we employ more than 20 different nationalities and unite through a clear set of values. The five values – encompassing teamwork, service, communication, entrepreneurship and right thing, right way, guide each of our decisions and behaviours. When we recruit new people to join our team, we look beyond a person’s technical ability and experience and place emphasis on ensuring a person’s values are aligned to Proserv’s. Internally, we provide training for our staff, encouraging continuous development and learning through our internal ‘Proserv Academy’. One example is our ‘technician training school’ which we have developed and implemented for the needs of our Saudi business. The school will enable many young Saudis to gain the necessary skills to learn and develop as part of the Proserv family.”

As your regional headquarters are in the UAE, can you please tell us a bit more about the opportunities and challenges you experience being based there?

“The UAE has the world’s seventh largest proven reserves of both oil and natural gas, estimated at 97.8 million barrels and 215 trillion cubic feet. There is no doubt that oil will continue to provide income for both economic growth and the expansion of social services for decades to come. In the coming years, natural gas will play an increasingly important role in the UAE’s development – particularly as a fuel source for power generation, petrochemicals and the manufacturing industry.

“The industry itself is going through a difficult transition; CAPEX is not always a viable option for our end user clients and OPEX is typically only being spent to perform safety or production critical work. However, with ADNOC being restructured and the oil price creeping up towards $70 per barrel, new investments are planned for the short/medium term. These challenging times have called for a fresh approach in maintaining operational efficiency, whilst decreasing OPEX through scheduled and maintained inspections, but also longer term planning. Our approach has been to offer services across the complete life of field through locally supplied products and services. We have existing long-term service contracts with our clients, where we have proven we can repair or upgrade existing assets, rather than replacing them, thus enabling them to maintain production and reduce downtime at a fraction of the cost.

“The UAE serves as a Centre of Excellence for Proserv’s growing business and organisational presence in the Middle East and Africa market. Our regional headquarters and equipment-manufacturing facility is located in Dubai, while the service centre is located in Abu Dhabi.”

In your opinion, what are the key advantages to being based in the UAE? Are there any core areas of growth that you believe make it the ideal hub for your business?

“For some time, the UAE has been viewed as an energy hub/gateway for the Middle East region. While many companies located in the UAE solely distribute products made in the USA/EU across the Middle East market, Proserv manufactures and provides services from its local facilities in both Dubai and Abu Dhabi.

“Proserv recognises that the best support for our clients is achieved by local, in country support. The energy industry is a 24-hour operation, and, as such, has a need for timely service capability. We are able to immediately mobilise service engineers/technicians with local visas/work permits to address unplanned events that can cause our clients expensive downtime via lost or reduced production. Also, we provide client specific intelligence solutions to map and track inventory parts, enabling us to provide or quickly call off replacement parts. Our focus remains on world-class respond and resolve solutions.”

Reflecting on the past 12 months, what have been the most prevalent trends in your industry and how has your business adapted around these?

“Last year was a year of innovation for us. Our track record, coupled with our ability to create new value for our clients, allows us to continue to expand our business. The opening of our facility in Saudi Arabia – an Aramco Approved Manufacturing and Service Facility – was a key moment for us back in 2016 with the region very much continuing to be a key growth market for us.”

Looking ahead, what does the future hold for Proserv in the Middle East? Do you have any future plans or projects you would like to share with us?

“Moving forward, Proserv will continue to secure its footprint within the GCC through the establishment of a Manufacturing & Service facility in KSA, as well as investing in expanding our service centre in Abu Dhabi. This will further strengthen our capabilities and capacity to service the increasing demand for our product and services within the region.”

Contact Details 

Company: Proserv Middle East

Address: Jebel Ali Facility, Jebel Ali Free Zone, Dubai, 16922, UAE

Phone: 00971 4 808 3500


Select Element

Issue 5 2018

Click the image below to read this months issue!

Wealth & Finance Magazine Wealth and Finance Wealth & finance banking finance funds markets regulation risk management tax wealth management market trends stock trends stock market trends wealth management magazine wealth magazine finance magazine

Wealth & Finance Magazine is a monthly publication, which provides an array of news features, and articles from across both traditional and alternative investment sectors. In the fifth issue for 2018 of the magazine, we cover a vast range of subjects from financial advisors, education and training specialists, and alternative asset management firms. This month’s issue is packed full of insightful articles for you to read.

In recent news, GCM Grosvenor announced that its Labor Impact Infrastructure business has adopted a Responsible Contractor Policy that includes an agreement to proactively collaborate with the North America’s Building Trades Unions (“NABTU”). The policy will ensure “responsible contractors,” including contractors who are signatories to collective bargaining agreements, are part of the bidding and selection process for its Labor Impact investments.

In this month’s edition, we discover more about Learn to Trade, which is a forex education and training specialist. The firm offers a range of courses that help people learn about and understand the forex market and the opportunities and risks within it. We recently spoke with their CEO, James Matthews who provided us with an insight into the firm and the exceptional services they provide.

Founded in 2008, Magni Global Asset Management LLC developed the Sustainable Wealth Creation principles, based on widely accepted economic concepts, by researching the accounting, legal, regulatory, adjudicative, and economic infrastructures of countries. Today, they are a global leader in country-level research on corporate governance. We profiled the leading firm and its team which gave us an insight into the company’s extensive accomplishments.

Elsewhere in this issue, Constantine G. Varley is a financial advisor attached to Synovation Financial Services, and specialises in a vast range of services. Recently, we caught up with Constantine to discover more about both his work and successful company, Synovation Financial Services.

Here at Wealth & Finance Magazine, we hope that you thoroughly enjoy reading this month’s edition, and look forward to hearing from you.

Global ComplianceRegulation

Debunking Five Crucial GDPR Misconceptions

There’s now less than a month to go until the European Union’s (EU) General Data Protection Regulation (GDPR) comes into force, and yet research shows that many businesses are still struggling to understand what they need to do. Worse still, many remain unaware of the full extent of the legal implications of non-compliance – whether deliberate or accidental. A YouGov poll in March found that 72% of British adults hadn’t even heard of the regulation, whilst a study by Crowd Research Partners carried out in April found that just 7% of companies worldwide were ‘fully prepared’ for GDPR’s arrival.

These figures should be cause for concern, since GDPR represents a huge change in the way in which every business uses, manages and protects personal data. It enshrines the sanctity of personal data ownership with the individual, with businesses merely the custodians. And as Jan Phillip Albrecht LL.M, Member of the European Parliament and Vice Chair of its Civil Liberties, Home Affairs and Justice Committee wrote in 2016: “It is paramount to understand how GDPR will change not only the European data protection laws but nothing less than the whole world as we know it.”

With this in mind, here are the five most common myths about GDPR, and some steps you can take to ensure you’re on the way to being geared up for the change.

This isn’t just about the EU

One of the biggest misconceptions about GDPR seems to be that it’s only an issue for companies physically based in the EU. This is not the case. GDPR essentially applies to any business anywhere in the world wanting to sell products and services to EU customers, or monitor their behaviour using personal data. In other words, if you’re based in Dubai wanting to do business with a customer in Germany, then GDPR – or equivalent standards – still apply.

It’s not as simple as following the rules

One of the reasons why GDPR is causing a certain amount of angst – amongst those who have, in fact, heard of it – is that it is principle-based regulation, which means that judgement will be based on whether data has been processed in accordance with designated principles, rather than hard and fast rules. If a company is investigated by the Information Commissioner’s Office (ICO), then the ICO will look at whether ‘effective’ consent has been obtained by the data’s owner and whether that data is deemed ‘current’. This leaves the door open for interpretation, which would be entirely at the ICO’s discretion and involve a legal-based assessment. This means there’s a big job for the legal profession in helping businesses understand and act on their responsibilities.

It’s about more than just compliance

The other source of confusion in all of this is that many companies have assumed that this is a compliance, or even a technical issue, which can simply be left to the relevant team to deal with. The problem is that GDPR is so all-encompassing that any individual handling data in an organisation will undoubtedly require training to understand the regulatory demands and what to do in order to comply. It also means assessing processes for handling a serious data breach and examining every contract – with employees and subcontractors – to ensure that they are GDPR compliant. For some companies, it may also mean hiring a dedicated data protection officer or at the least gaining specialist legal advice on their current practice and system.

Technology is no panacea

Likewise, GDPR is not something that can be ‘fixed’ with technology. A lot of people have mistakenly assumed that GDPR is only concerned with extreme data hacking cases, but the regulation imposes draconian sanctions for a range of other breaches, too. For example, if consent of use has not been properly obtained, or the data is not processed as set out in the regulations, then serious penalties, including hefty fines, could be on the cards. There are also some data breach risks that simply cannot be fixed by technology, for example a staff indiscretion or mistake such as leaving confidential information in a public place. What’s more, GDPR forbids reliance on automated decision making, as typically seen when loan companies refuse customers based purely on an automated credit score. The point is that this regulation demands that companies take a holistic and intelligent approach to the treatment of personal data – it’s not a question of picking and choosing the bits you want to adopt or relying on your systems to do the job for you.

This isn’t just another overhead

It’s hard to overstate the risk of getting this wrong – the potential fines are on a level we’ve never seen before in data protection. Certain infringements are subject to fines of up to €20 million or 4% of worldwide annual turnover – whichever is higher. Severe breaches also run the risk of class actions. But the fines only tell part of the story. The Facebook/Cambridge Analytica privacy scandal wiped around £25 billion off the social media platform’s value in the first 24 hours after the story broke and the reputational fallout continues. Businesses simply cannot afford the reputational damage that could be wrought by such a significant change.

Not sure if you’re in breach of GDPR regulations? Take the GDPR quiz to test your resilience.

Four things you should do straight away:

1. Review your processes for data breach notification, security and risk assessment.
2. Ask yourself whether the data you handle could be anonymised.
3. Review your contracts for GDPR compliance.
4. Consider hiring a data protection officer or seeking specialist legal advice.