POST CATEGORY : Finance

Short in Cash? Hard Money Loans May Be The Solution For Your Financing Needs

Taking out a traditional loan can be very intimidating because these traditional banks are becoming reluctant in foreclosing problematic properties. Getting NYC hard money loans will help these real estate owners to obtain funding in the form of loans.

Reasons for taking loans

Here are the general principles for hard money and their benefits and drawbacks.

A Brief Introduction About Hard Money Loans

When hard money loans are made by lenders and borrowers, the money is lent to the lender. The contract terms can differ with each particular loan, depending on the ties back and forth between the borrower and the lender.

The creditor pays back the money, while the seller earns a monthly interest charge on the debt.…

Continue reading →

Three Smart Ways to Start Investing Your Money

It’s never too early to start investing your money. If you have some extra cash set aside, no matter how small or large the sum, it’s best that you put this to good use.

Investing your money

Inflation will only cause your money to depreciate in value, therefore, investing your finances is a great way to increase your financial security. You don’t have to be a financial wizard in order to make a return on your investments.

Here are three smart ways that you can start to invest your money.

Investment Bonds

Investment bonds are a relatively risk-free way of making a return on your initial investments.…

Continue reading →

Are Your Personal Finances Drastically Impacting Your Startup Business?

The past year has been rough on everyone. However, even during difficult times, people decided to start new businesses. Some were forced into the decision due to layoffs, while others enjoyed staying at home and wanted more control over their work/life balance.

Paying bills on time

According to NerdWallet, the average American household has $7,027 in credit card debt. Perhaps you also have a mortgage, car payment and student loans. Missing any of these bills negatively impacts your credit score.

Your personal finances impact your business in several ways. It’s important to be aware of the issues, so you can navigate them successfully and run a successful startup.…

Continue reading →

Business Insurance Benefits for Small Business Owners

As a small business owner, it is vital that you ensure your business is protected in different ways – this protection should extend further across the business as a whole including you and your employees. One simple way of protecting your business is that of business insurance which is simple and affordable to purchase for any size of company. As a small business, you are more at risk and therefore require some form of protection.

Business insurance protection

photo credit: TheDigitalWay / Pixabay

Depending on what line of work your business is in, at times, it can actually be a legal requirement to purchase insurance cover.…

Continue reading →

5 Mistakes Small Business Owners Make When Purchasing Insurance Policies

With so many liabilities, insurance providers, and policy options for small businesses to consider, purchasing proper coverage can be a time-consuming, complicated process. But with your business’ finances and reputation on the line, it couldn’t be more critical.

Purchasing insurance policies

Every company has different needs and risks, so finding the best small business insurance for yours requires a lot of research, risk assessment, and financial calculations. But this is not the time to try and save time and money—with inadequate coverage, you may spend even more time and money in the future in the face of an unexpected event or lawsuit.

Identifying and understanding the common mistakes that small business owners make when insuring their business is the best way to prevent you from making them yourself.…

Continue reading →

5 Potential Business Expenses

If you’re going to start a business this year, you probably have come up with a plan already. Having a comprehensive plan in place is one of the most critical things you can do if you’re going to find success within your niche.

Business expenses management

However, while you might have thought about expenses such as employee salaries and what it will cost to rent a brick-and-mortar location, you might have forgotten about certain other potential expenditures.

We’ve compiled a possible expense list for you to peruse. It’s probable that you won’t need everything on this list, but it’s more than likely you’ll need at least a couple of the items we’ll mention.…

Continue reading →

5 of The Best Credit Cards Designed for Small Business Owners

Running a small business, even if that business is just you acting as a freelancer, isn’t easy, especially when you’re just starting out. It takes capital for initial expenditures like office space, utilities, equipment, advertising, and office supplies.

Business credit card for building credit

Of course there are a number of business items you can get for free, like business cards, websites, and even free business phone numbers and services. But in general, you’re going to have to pay out for some serious business necessities.

You can pay for these things in several different ways, the top three choices being, cash you have on hand, a line of credit you’ve already established with a small business friendly bank, or you can use a credit card that is solely dedicated to your business.…

Continue reading →

Beginner’s Banking: A Pragmatic Guide to Personal Saving

For many people, the most difficult thing about saving money is simply getting started. When you are used to managing your money a particular way, reducing your expenses and prioritising your savings can seem daunting. However, whether you earn a little or a lot, there are many different strategies you can use to ensure that you grow your savings steadily over time, giving you more financial peace of mind.

Personal saving

Before you start making changes to how you manage your finances, it’s important to set yourself up with a personal savings account. This can be done at your local branch or you can choose to go online and register with a digital bank.…

Continue reading →

Tips to Improve your Investments With Forex

When investing in foreign currency, the most important things are to choose a good currency broker, a good strategy, and to execute your strategy exactly how it was intended. This article will outline 5 tips to improve your investments with Forex.

Forex trading and investing

Choosing the right broker

You can’t execute your investment strategy accurately if your broker isn’t suited to it. If you’re looking for high frequency trades, then choosing a provider with slow transactions is not ideal, likewise, if you’re a technical trader, then opting for a trading platform with great charting is essential. The best forex brokers can easily be compared and assessed.…

Continue reading →

4 Major Reasons Behind Investing in Bitcoin During This Time

Well, 2020 is the year of bigger movement or change for bitcoins. According to the researches, people in large amounts are accepting bitcoin, and there’s a massive rise in those who are responding to bitcoin. All bitcoin investors or businesses have seen a continuous or great rise in the last few years.

Bitcoin investing

There are plenty of reasons behind this success, and some of the major reasons are described later in the post.

But before going to make a deal with everything, it’s important to understand all basics and essentials first to start everything related to bitcoin with great ease. After knowing the importance of bitcoin trading, more and more individuals become ready to invest in it.…

Continue reading →