Sunday, July 29, 2012

Are you looking for Car Loans in Canada?

It was a time when getting a loan was too difficult a task. But with advancement in technology and new strategies been applied into the service industry, getting a loan is no big a deal now.

There are several companies that will offer you auto loans. There are many companies today that also offer the loans using their online applications. The traditional approach requiring the applicant to complete an intimidating stack of documents to establish your credit status has been replaced my by the easy to complete and far less intimidating online application. Many organizations understand your situation and specialize in providing approve car loans for people with bad credit, low credit, slow credit or no credit. No matter if you are a bankrupt or new to country, companies have an option to give you auto loans. Now you can fulfill your dream to put your new car on the roads.

Moreover, getting a car loan is a good way to rebuild credit. Despite the potential pitfalls involved with bad credit car loans in Canada, these loans, if paid on time will help in rebuilding credit after bankruptcy and will do much to improve your credit and make future borrowing easier. Bad credit Car loans generally involve less financial risk for both the lender and borrower than a home mortgage, yet they still give the borrower an opportunity to make installment payments in order to prove their ability to pay over time. With this, many have been able to claim that "a car loan improved my credit score".

Also, it is no more time-consuming these days. All these happen in quick time without any hassles. There are companies like that offer you a easy to complete credit application and credit specialists that will focus on not only getting you a bad credit car loan in Canada but, will also match you up with the best rate and terms available often requiring no down payment.

You have to see how financial fit you are. You just need to set up your goals and work on it. You may use the Canadian Car Loan Calculator to estimate your monthly payments, whether you want a lease or a loan. Use this loan calculator to find out what you can spend on the car of your dreams. You may use the Budget Calculator to figure out and manage your budget and finances.

Car loans have never been so easy and fast!

Saturday, July 28, 2012

Government Subsidized Internet

There are some internet programs that are specifically designed to increase broadband access in rural areas. A Federalprogram instituted in 2009 is partially designed to bring broadband internet coverage to rural areas. These are areas that typically do not have a great deal access to broadband computer technology.

One of the programs that has been designed to bring broadband to rural areas is the Exede internet service. Exede is designed and developed with Wild Blue Satellite Internet technology. Rural subscribers can get this internet at a reduced price and can get a great deal of data at fast speeds and low prices.

Rural broadband was instituted in 2009. It made 7.2 billion dollars available for development of these resources. The money was made available to Rural Utilities Service or RUS. Dollars were also provided to another agency namely the National Telecommunication Information Administration, also known as the NTIA, to increase broadband internet as a way to spur jobs and investments in the infrastructure.

There are many iniatives as part of this program. Some of the other infrastructure items the grant covers includes public computer centers,and other sustainable computer programs. This rural broadband initiative goes by the acronymn BTOP.

Many rural areas applied for funding under this act. It is also sometimes called the Broadband Intiative Program also called BIP. Rural areas are encouraged to find information on the loan and guarantee opportunities within this act. There is a certain segment of BIP that deals with the Broadband loan mortgage and guarantee program. Program information can be seen online, at specific websites.
One of the important pieces of information for rural businesses looking to take part in a government program to understand that receipts should be kept as part of the process. The Davis-Bacon act explains the fiscal portions of this act.

One can see examples ofapproved funding applications in alibrary, that is sponsored by RUS.

Individual Funding

In certain cases, households may qualify to get individual funding under the auspices of the broadband act. For individuals looking to get broadband via satellite as previously mentioned,Exede internet can be provided to individuals at certain addresses. They get free installation of their equipment, and can also get a reduced payment of 39.99 per month. This is 10 dollars less than the regular price for the technology.

One can go to the Wildblue website and can see if their address qualifies for these special services under the Exede program. Alternatively, they can call the provider and give their information. Wildblue will tell the indiviual if their address qualifies for this special program. It simply can not be easier to do. Unfortunately, many consumers do not know about this program.

Those who live in rural areas and have despaired about the quality of internet services provided for them, can be pleased that programs are now available to help them. Government Provided Satellite Internet Services are making rural broadband possible. The money is available and can be utilized to help rural businesses and consumers get the internet services they desire to obtain.

Thursday, July 26, 2012

Elderly Americans Increasingly Seek A Bankruptcy Attorney For Help

One of the interesting things that the recession has brought to light is the increasing numbers of senior and elderly clients seeking a bankruptcy attorney for assistance. While bankruptcy filings by this segment of the population are not new the rate of senior bankruptcies has increased in the last ten years by over 400%. Many people would assume that this increase is a direct response to the losses in the market and medical emergencies and the specter of a nursing home stay. Surprisingly this is not the main cause. In polling bankruptcy attorneys the main cause of the elderly seeking protection though the courts is massive credit card debt. The average senior debt balance is out of proportion to the general population as on average a senior carries over ten thousand dollars in unsecured debt; this is a 50% increase over the same statistics in 2005. Another point in the increase of bankruptcy filings is that many seniors are not aware of the fact that in most cases retirement savings and social security funds are exempt from creditor garnishment. These factors and the uncertainty of how the bankruptcy courts work is are good reasons why seniors with questions need to contact a local bankruptcy attorney for help. These highly trained professionals can help you navigate the laws related to filing for bankruptcy protection.

One of he first things you would need to do in meeting with a bankruptcy attorney is to itemize your outstanding debts by category. Which debts are secured by an asset such as a house or car loan, which debts are unsecured such as a signature loan or a credit card balance and which debts are public as in taxes owed to state or federal agencies. What you will find in bankruptcy law is that of all debt classes an unsecured debt in a bankruptcy is the easiest to eliminate or manage. The options available to you here are a re-negotiation with the lender to only pay back the balance owed and re-negotiate the interest payments to a more manageable level or to completely eliminate the debt entirely. In many cases the interest on these types of debts can be completely eliminated and you can pay off the balance owed. On primary secured loans the payments can also be negotiated to reflect the amount of real income that is flowing into the individual household. Once accomplished this results in a greatly reduced monthly outflow.

Unfortunately taxes owed to state or government entities, generally speaking, cannot be totally dismissed. There are exceptions to that rule of course but to have a clear definitive answer a consultation with your bankruptcy attorney is needed. Once your debts have been categorized your next step, with your bankruptcy attorneys guidance, is to decide which kind of bankruptcy action to pursue, a chapter 13 re-organization or chapter 7 liquidation. The main difference is a chapter 13 allows you a reduced payment plan, generally over a five year period, to satisfy your creditor. This payment plan is only set in motion after a reduction in debt and reduced interest or elimination of the debt has been negotiated with the lender. A chapter 7 liquidation allows a complete discharge and elimination of all eligible debts.

Wednesday, July 25, 2012

Solutions And Tips For Getting A Car Loan After Bankruptcy

Getting a car loan after bankruptcy is not as easy it is for someone that has a stellar credit score, but it is not impossible. This news may be comforting to those who have recently had to endure the experience of a bankruptcy.

If you find yourself in the position of getting a car loan after bankruptcy you may feel helpless. It may feel as if any attempts at doing so would be futile. This is not always true! So, put a smile on your face and read on to discover some solutions for getting a car loan after bankruptcy.

Inspect Your Credit Report

The first suggestion would be to collect all three credit reports from Experian, Transunion and Equinox. Unfortunately, mistakes do happen. Comb through each report to be sure the loans or credit cards that were discharged have been removed. If you find mistakes on any of the reports, write a letter of dispute and ask that they be taken off of your credit history.

Another good suggestion would be to send a letter of explanation to each of the three bureaus. Document the reasons for your recent financial fall and explain the situation. Perhaps you had a temporary job loss, or maybe a mound of unexpected medical bills that caused you to file bankruptcy. Potential lenders will be able to read this letter and may be more understanding to your situation more willing to help you in getting a car loan after bankruptcy.

Search for a Subprime Lender

Subprime lenders specialize in helping people with bruised, poor or no credit. Your best bet is to choose a dealership or auto consultant who has experience working with people who have filed bankruptcy. Because of their expertise in this area they have several resources at their fingertips that are willing to give people another chance through a car loan. You can allow them to do the work to find you the best loan terms that will fit for your unique situation.

Go Used Over Brand New

In addition, a dealership or auto consultant may have the best selection of used cars for you to choose from when getting a car loan after bankruptcy.

Research shows that you would be wise to select a used car to avoid the serious, almost immediate depreciation that comes from a brand new vehicle. In most situations the value of your new car drops anywhere from 10 to 30 percent as soon as you drive it off the lot. This is a huge savings for you if you choose a slightly newer model used car.

The final note would to be sure that you stay current on your payments. By diligently paying back the auto loan after a bankruptcy you are beginning a positive trek back toward rebuilding your credit score.

Semi Truck, Big Rigs, Over The Road Truck Financing

In this economy, start up and veteran businesses have a rare opportunity to obtain advantageous financing arrangement for tractor trailers, big rigs, over the road, and semi trucks. The first option, for the client is to visit their neighboring dealer and uncover his truck there. This is notable place to begin and acquire pertinent information that will be used later in the data gathering process. From there, it is recommended searching the internet and its mass volume of data that is open. .

Once he has situated a source of tractor trailers available to him, he is able to call these sellers and negotiate a arrangement that might be able to meet his needs. Once he is agreed to a cost and its particulars, his next hurdle is to find adequate lending. Now lending arena has develop into much smaller and extra difficult to acquire leasing than two years ago.

Banks, in the earlier, that used to back this niche market have either pulled their portfolio funds out of this field or have tailored its' lending requirements. It is not unheard of now this marketplace. The experienced business with high-quality credit might be able to obtain in as minimal as a couple of costs down plus document fees but might be mandatory to have either A or B credit.

Other weathered businesses that don't meet these credit qualifications., could be mandatory to position up 10-30% down or either place up extra collateral as their credit scoresdecrease beneath 600. Most buyers don't enjoy these tightening monetary qualifications., are locked out of this marketplace, and will start looking for alternatives that are accessible due to marketplace provisions. Also to the market qualifications. of considerable monies due upfront, the normal bank has tailored his risk/rewardaspect for the failure and possible repossession of these trucks.

Therefore, the rate and/or interest factor that the lender charges has gone up making it a larger challenge to finish the leasing end once the need to be purchaser locates his acquisition.... As the economy has weakened due to market terms, standard financing has altered as we know it. The lender has acquired another obstacle that makes their equation a low extra strenuous.

In the earlier year, the trucking industry has become added unbalanced. As the increase of defaults on the payments of over the road trucks, semis etc have risen to all moment levels, the lenders have been taking furnish these trucks by the droves that are earmarked as repossessions. This has caused a obstacle with customary lending practices and trying to keep steady it with a non producing income assortment. If these banks don't act rapidly and cautiously, the combination of these two type of portfolios can be harmful to the banks' bottom line.

A third part to entertain is the off lease truck. These trucks are being returned to the bank and they must the item in lieu of exercising the buyout opportunity.

A repossession is unlike than an off lease since it has arisen due to a non-payment of the lessee for non payment conditions or a breach of the conditions of the lease. Either way, the bank has taken these trucks back and/and these days ought to to put fund into working order these trucks and either put up for sale these trucks or re-lease them. From moment to time, as these inventories either be positioned or whatever reasons aren't moving, the lender will position these things} up for public sale.

At the current period, the banks have two unlike types of leasing portfolios to contemplate and must be necessary to act fittingly. Standard financing on modern business deals still want harsh leasing practices based upon the credit markets and the risk/reward factors lenders observe out there in the monetary markets. The second type of portfolio, for the off lease and repossessions, require possibility a more compassionate approach to liquidating their inventories carefully and recreating the income stream for the banks. This will be discussed beneath.

Nowadays funds to initiate a lease can begin as little as foremost payment only to whatever you might able to consent upon. The buyout clauses on these over the road trucks can range from a .00 buyout to 10% to 20%, Trac leases to possible fair market value buyouts. One should comprehend these clauses because they have an impact on the passing of title.

These advantageous leasing arrangements by the lender has stirred the buyers wants and needs to either enter the trucking industry as an owner operator and/or possibility an expansion of a present business. First Period buyers, whom were locked out of this market in the former, today has an rare chance to earn added revenue by acquiring a truck for himself. . Other lenders that might have necessary up to 30% down in the prior might accept as little as 3% down to acquire one of their repos and/or off leases...

Additionally, a quantity of financial institutions may possibly offer advantageous monthly payment terms vs standard lending to obtain their off lease and repos vs. the customer looking to acquire a truck at a dealership.

For this report, prospective opportunities for over the road trucks, tractor sleepers and big rigs for the clientele relate to the following manufacturers:

Petebilt, Mack, Kenworth, International, Freightliner, and Volvo.

In conclusion, this is a buyer's market for tractor sleepers, big rigs and over the road trucks, sleeper cabs, etc

One should appraise all the outer factors connecting to this possession and its related financing. Furthermore, there are two separate financing markets out there, one for the regular purchase from the dealership and the chance} of acquiring a repo and off lease from a financial institution at favorable marketplace and financing terms. As at all times it is advisable, if possible, to locate financing former to truck} shopping, it may prevent a lot of period and tension.

Happy hunting for your semi semi truck, big rig semi truck, over the road semi truck, sleeper cab acquirement and its related leasing.

Monday, July 23, 2012

Get home of your own by availing home loans

Fed up of changing home again and again as being on rent? So now make a decision and get home of your own. Just the prospect of owning your home is an exciting thought. If you have a secure job and have an acceptable earning then you can apply for the home of your own with just a starting down payment. The monthly rent that you pay can be paid in the matter to own the home of your own. If you are not much aware of the mortgage and home loans then it is advisable to avail the services of companies who help the customers in getting the lowest possible rates for the loans.

There are many companies in Dallas working as intermediaries between their clients and scores of lenders in the market. They know how to match your requirements with various financial products on offer from banks and other lending institutions. There is an option of bank to avail the loan but this option demand long procedures to be followed that includes legal and mandatory paperwork and other requirements. However this becomes really easy when you get the services of broker to get the home loans.

Every loan application is unique depending upon the circumstances of the applicant and also upon the property he has selected to be his home. Professionals know well about the home loan products and so they can help you better in getting the right one for you. You can set up your plan by visiting various companies over an internet. Sitting in the comfort of your own home, you can initiate the process by just entering your details and requirements. As far as home loans are concerned, a reputed and experienced broker can make your job so easy that you will be pleasantly surprised how your application gets passed and you get the money you need to move in your own home.

It is a fact that if you set out on your own and approach different banks, you will hardly be in a position to bargain and be happy with whatever terms and conditions the bank is offering to you. But you must realize that home loans are like any other product in the market and it is your right to compare different financial products as you would when you go out to buy a car for your family. This seems very simple but actually it is not; however the experts in this business can make it really easy for you. They are in contact with the men who are in home loans field and so they can help you in the best way regarding this matter.

Sunday, July 22, 2012

Commercial Banking In India.

Prime Services offered by a commercial bank include processing of payments by way of telegraphic transfer, issuing bank drafts and bank cheques, accepting money on term deposits, lending money through overdraft or through installment, providing letter of credit, safe keeping of documents, currency exchanges thereby enacting the role of a financial supermarket. The Commercial Bank lays more importance on loans that it provides to its customers. These loans are Secured Loans, Mortgage Loans & Unsecured Loans. A secured loan is one in which a borrower pledges some asset as collateral against the loan. A mortgage loan is granted to purchase property against security provided to the bank until the mortgage is paid of in full. The mortgage or loan can be repaid in easy installments. Unsecured loans are granted without any specific securities, under marketing packages like credit cards, debit cards, corporate bonds, etc. All in all a commercial bank raises funds by collecting deposits from businesses and consumers via checkable deposits, savings deposits, and time (or term) deposits & loans it to businesses and consumers. It also buys corporate bonds and government bonds. Its primary liabilities are deposits and primary assets are loans and bonds.

Commercial Banking in India categorizes itself into project finance & working capital. In the case of Project Finance banks in India offers long & short term loans to business houses to set up their projects. These kinds of loans are issued after approval from banks core credit validating committee. The Project Finance segment in the commercial department is highly competitive with different players in the department trying to get the best deals done by enticing different corporate houses and business organizations to opt for the loan by providing lucrative offers. Working Capital or Capital Funds are issued by banks to corporate or business houses to meet diverse needs and requirements of the business community. Working capital finance is specialized line of business and is largely dominated by the commercial banks.

Commercial Banking in India saw dramatic changes in the last decade after India's integration with world economy. These economic reforms and the entry of private players saw nationalized banks revamp their service and product portfolio to incorporate new, innovative customer-centric schemes. Marketing and brand building programs were also given a new thrust in the new liberalized banking scenario. Promotional budgets were hiked to cater to the new and large discerning target audience. To meet the personalized needs of the customer and in order to differentiate its services, banks repositioned themselves in specialized fields, like housing loans, car finance, educational loans etc. to optimally service the customer. As of today Commercial Banking in India dominates other areas of banking such as retail banking and investing banking, solely due to influx and the term called installments that lures the customers to opt for loans to satisfy their business needs whether it is corporate or personal needs in terms of a mortgage loan. Commercial banking in India has definitely brought in a new dimension to regulation of finances in the Indian market.

Saturday, July 21, 2012

How to Get a Commercial Mortgage Modification

I. Introduction

This article will present the process by which a borrower may be approved for a commercial mortgage modification. For more detailed information, contact an attorney in your area competent in this specialized field of law. This article is not meant to be construed as legal advice, and is for educational and informative purposes only.

Definition of Commercial Mortgage Modification

First off, the term "Commercial Mortgage Modification" refers to a renegotiation in payment terms of a mortgage secured by real property that is not 1-4 unit residential real estate. Commercial mortgages can be secured by hotels, golf courses, shopping malls, apartment complexes, office buildings, shipping warehouses, or any other type of commercial property (that is, not 1-4 unit residential).

The Best Circumstances for a Commercial Mortgage Modification

The circumstances under which commercial mortgage modification negotiations occur include any foreseeably pending default by the commercial mortgage borrower. These circumstances may be broken down into two categories: "debt service default" or "balloon payment default".

"Debt service default" arises where a borrower does not have the monthly cash flow to continue to pay the monthly mortgage payment during the life of the loan (usually, 3, 5, or 7 years). "Balloon Payment default," on the other hand, occurs at the end of the life of the commercial mortgage, when the borrower must pay back the majority of the loan principal to the lender in a single lump sum (or, "balloon payment"). A borrower request for commercial mortgage modification may arise due to debt service default or balloon payment default.

The Process of Obtaining a Commercial Mortgage Modification

Obtaining a commercial mortgage modification from your lender is essentially a 3-step process that involves first a pre-negotiation agreement or letter your bank will send you upon your request to negotiate, a process of supplying information for your bank to review in consideration of your commercial mortgage modification request, and finally, negotiation of the terms of your commercial mortgage modification.

Pre-negotiation letter. The pre-negotiation agreement or letter which accompanies most negotiations for commercial mortgage modifications is usually an agreement about the negotiation process itself. Your bank's pre-negotiation letter lays out ground rules determining whether you and your bank reserve or waive certain rights during negotiation, such as the common law duty of good faith and fair dealing. It is very important to read, understand, and if necessary, negotiate the terms of the pre-negotiation agreement itself, so that you do not unwittingly waive potential rights or claims.

Informing your bank. This next step, informing your bank, is much like completing your original loan application. You will provide your bank with tax and income information for consideration of whether you qualify for new terms. Tax returns, profit and loss schedules, and proof of accounts receivable are common items the bank will want to see. If you are a landlord, the bank may require you to provide information as to the nature of your leases and their respective payment histories.

Negotiating Terms. The final stage of the process, negotiating the terms of your commercial mortgage modification, involves the give-and-take process during which you set, for example, a new loan duration, interest rate, balloon amount, or other concessions for you to avoid defaulting on your mortgage and going into foreclosure.

Who to Call

You should always rely on a skilled professional whenever you are going to sign any legal documents, and so it is highly recommended that you contact an attorney in your area familiar with lending laws, banking regulations, and best practices in the field of commercial mortgage modification. Conclusion

Commercial Mortgage Modification should be a consideration for anyone who owns a business and who is likely to default on a commercial mortgage obligation in the foreseeable future. The process itself may be simple, butprofessional advice should be sought any time you are working with complex legal documents.

Bank Checking Accounts For Bad Credit

The terms or laws applicable to the checking account you choose are determined by the servicing bank and are subject to the Federal Reserve's regulations. These rules may change as deemed necessary but your bank will be required to notify you of any significant change in terms. This commonly happens to changes in interest rates or fee changes made by the bank.

What Causes Bank Checking To Be Denied...

Because banking is a highlyregulated industry, an individual who hopes to get a checking account with bad credit may still be subjected to an approval process. This makes it difficult for people with a bad credit history or an negative entry under the Chex Systems to get a bank account approved.

The Chex Systems is an organization that maintains records for financial institutions on former or current account holders who have had or are having problems maintaining their account in good standing. Bounced checks are the most common red flag the Chex Systems records and remembers. What happens is that when you bounce checks at a high frequency or have an account that is overdrawn for an extended period of time, this information will be submitted to the Chex Systems and the possibility of your opening another account will be made more difficult in the future.

You may seek to take your name off the Chex System and fix your credit history in order to get a new bank account approved. If you want professional help to fix your credit reports check out our recommended bad credit repair services today.

Typically, the account holder's name will stay on the Chex Systems list regardless of the account settlement period. Being listed with Chex is not the end of the world though, banks needs new customers and seeks to keep existing account holders, so the possibility of opening a checking account is still available. There exist a number of checking account product offerings which are generally considered second chance accounts.

Providers of Bad Credit Bank Checking

The following companies provide bank checking accounts for bad credit people. In some cases the bank simply doesn't reference the Chex System or the bank specifically offers bad credit checking accounts:

Bank of America Advantage Checking Account
JP Morgan Chase Access Checking Account
Wells Fargo Opportunity Checking Account
Citizen Bank Second Chance Checking Account
PNC Bank Fresh Start Checking Account
US Bank Second Chance Checking Account

In addition there are a number of state specific local banks that offer second chance bank checking accounts for people with bad credit. These banks can be found referencing the state you live in and referencing their websites. Digital online banks are also enjoying an increase in popularity and a number include second chance checking accounts in their product offerings as well. The proliferation of these bad credit account types being offered in the financial market is in response to the growing demand caused by the recent economic challenges that have unfortunately left many people with bad credit. Credit Unions are adapting and offering second chance checking to meet the needs of their customers.

Second chance checking accounts have the following benefits and advantages:

They provide accounts holders the chance to rebuild credit reputation. Managing a household is tough, with a number of bills needing constant attention and access to a checking account helps with the accounting. While bills are being paid via check, atm or debit, account holder credit ratings can be improved. Using the bad credit checking account to pay your bills, as opposed to using cash, allows you to document responsible financial management. Proper credit building account management requires no bounced checks and other forms of returned payments due to insufficient funds. Penalties which may be charged such as overdraft fees need to be avoided.

Checking accounts for bad credit can be expected to have fees that are higher than regular checking accounts and they typically do not earn interest. This is the tough break businessside of getting flagged as a checking high risk account holder. For banks offering second chance accounts, they offset the additional risk with additional costs and less benefits. As an account holder you should make sure to remain compliant with the bank's policies, to stay in their good graces, and get a better checking account when you have fixed your reputation.

Monthly service fees are applicable and may not be waived or refunded. Bank's are simply less flexible with bad credit accounts. Free is no longer a financial staple when it comes to account maintenance costs for second chance checking. Fees may only be adjusted for these accounts if a bank error is found, though we recommend talking with your representative all the same, it won't hurt and helps build the relationship.

Second chance checking usually offers the option for an upgrade to a regular checking account after a trial period. With due diligence in proper account management, as an account holder you can eventually improve your credit and move up to the greater benefits of a normal bank checking account. For most banks, maintaining the account as expected and as stated in the terms and conditions can lead to the upgrade after a pre-determined period. The upgrade can also include your eligibility for a savings or other interestbearing accounts.

Second chance accounts have restrictions, there is no way around that. Your bank checking account may be classified as a checking account, but expect your second chance accounts to have limitations and not operate exactly as a typical checking account does. For example your bank may not allow you to issue personal check payments, your debit transaction amounts might be limited, and you might have a minimum daily balance maintenance requirement which can be a fixed amount before or after all debit activity. These restrictions vary per bank, it is important just to be aware and follow the rules.

Following a review of bank checking account for bad credit services, it is clear that what is created is a relationship of shared responsibility for both the bank and the account holder. The bank assumes the risk for permitting a customer to get an account despite any past mishaps. While you are empowered with second chance access to checking, but are expected to meet the responsibility, or to exceed expectations and rebuild your reputation to regain all the benefits a clean credit history can provide.

Final note of caution: In your search for a bad credit bank account, you may be asked to pay an application processing fee, do not. These fees are illigal and a sure sign that you are not working with a trustworthy, proven second chance checking provider.

Your new checking account will provide make you eligible for our recommended personal loans for bad credit that can deposit money into your account within hours of your completing the easy 5 minute online application. Check out our favorite offers for fast cash today...

Friday, July 20, 2012

Stock Investment In Nigeria: Its Process And Benefits


Securities are created and issued by corporate bodies and governments, which are in need of funds to finance expansion or development projects. For instance, Wazobia Plc, a manufacturing concern needs to expand its facilities to accommodate present and anticipated consumer demand as well as replace aging or obsolete equipments. It is however, short of internally generated funds (retained earnings) to undertake the projects require long gestation and payback periods, money market facilities which have short tenure would be inappropriate funding sources. The company would be left with one possible option, that is, to access the capital market if it meets the requirements for entry. This could be done by issuing shares and/or debt instruments. (Securities and Exchange Commission, 1999). Thus, capital market is a segment of financial market that is responsible for mobilizing and channelling long term funds into productive investment such as fixed assets. The investments in capital market are at longer period of time, which are held for a minimum of five years.

Moreover, the term securities consist of stocks and bonds. It is not possible in
this paper to digest all aspect of securities. Therefore, this paper shall limit itself to stocks only (i.e. shares).

Theoretical Framework

Fischer and Jordan (2005) see investment as a commitment of funds made in the expectation of some positive rate of return. If the investment is properly undertaken, the return will be commensurate with the risk the investor assumes.

Similarly, an investment is the current commitment of money or other resources in the expectation of reaping future benefits. For example, an individual might purchase shares of stock anticipating that the future proceeds from the shares
will justify both the time that her money is tied up as well as the risk of the investment. You sacrifice something of value now, expecting to benefit from that sacrifice later. (Bodie, Kane, and Marcus, 1998, p. 2).

Distinction between real assets and financial assets

According to Bodie, Kane, & Marcus (1998) real assets are assets used to produce goods and services. In contrast to such real assets are financial assets, such as stocks and bonds. Such securities are no more than sheets of paper (or entries in a computer) Financial assets are claims to the income generated by real assets (or claims on income from the government). If we cannot own our own auto plant, we can still buy shares in General Motors or Toyota and, thereby, share in the income derived from the production of automobiles.

Definition of Stock

In simple terms shares is ownership in share of a corporation. According to Ahmed (2008) securities as stocks and bonds. According to him, a stock represents a share, or percentage, in a corporation's profits and assets. By purchasing stock an investor is buying a percentage of ownership in a company.

Different Types of Stock

There are two main types of stock or shares, namely; ordinary shares and preference shares. Ordinary shares according to Nwiwu, Ya'u, Ezeocha, Ezima and Uzoigwe (2007) this form that part of capital structure of the business contributed by the common stock holders .For a new company it is called venture capital but in the old companies it is called equity share capital.

Ordinary or equity shareholders ordinarily own the business, so all reserves belong to them. They have the right to votes in the company. The shares are non- redeemable even though transferable. However, they have no fixed rate of dividend since rate depends on the level of profitability, company liquidity and management discretion. On the other hand, Preference shares are the hybrid or bat of financing because they exhibit the tendencies of both equity and debt at the same time. They have a fixed percentage dividend before any dividend is paid to the ordinary shareholders.

Share Certificate

Nwaiwu (2004) when shares are allotted to the investor a note will be sent indicating the number of shares allotted. After some period a share certificate will be issued. This certificate is a security, a proof of ownership of the shares in the company. If in future the shareholder wishes to sell the shares, the share certificate must be surrendered to a stockbroker who will forward it to the company's registrar. Nigerian Investments and Securities Law Reports (2004) pointed out that securities in the market are available in either of the following two (2) forms:

i. In certificate form; and
ii. In dematerialized form

When a security is presented in a certificate form, the selling agent needs to verify the signature of the holder and the validity of the presented certificate(s) with the Registrar to the company, after which it could be deposited for sale or any other form of transfer in dematerialized form into the account of the beneficial owner held with the CSCS. Consequently, any subsequent sale or transfer of these securities can validly be undertaken without any need to revert to the Registrar. It therefore follows that securities held in the CSCS account of any holder are deemed to have undergone the necessary verification and confirmation with the Registrars and therefore the holder is rightfully accepted as the true beneficial owner of the securities reflected in his account with CSCS. Thereafter, the only proof of ownership of the said securities that is available to the beneficial owner is the CSCS statement of account issued to him.

Benefits of Investing in Shares

According to Kofa (2004) there are numerous benefits accruing to a shareholder who invests in shares. Such benefits include:

i) Return on investment by way of dividend payment (share of profit by the company on each share owned by the shareholder. This of course depends on the number of shares held by the shareholder. The dividend declared by the company's Directors must however be approved at the company's Annual General Meeting (AGM).

ii) Bonus issue, this is an additional share given to shareholders based on the number of shares owned by each shareholder free of charge at a ratio approved by the Board of Directors/Management and ratified at the company's AGM.

iii) Capital appreciation; this is an increase of share price over time. The value of company share increases due to performance and demand/supply factors. That is, for example, unit price of share purchased today at N10.00 could be N20.00 one year after, due to market forces.

iv) It can be used for security/collateral for loan purposes. Share certificates or statements are acceptable as good collateral for loans by banks and other financial institutions.

v) Pressing immediate needs could be met without seeking any bank/individual financial assistance by disposition of shares.

Risks associated with stock investment

Elakama (2004) emphasized that there are no guarantees when it comes to individual stocks. Some companies pay out dividends, but many others do not. And there is no obligation to pay out dividends even for those firms that have traditionally given them. Without dividends an investor can make money on a stock only through its appreciation in the open market. On the downside, any stock may go bankrupt, in which case your investment is worth nothing.
Similarly, Securities and Exchange Commission (1999) like other forms of investments, there are risk/cost associated with investing in the capital market. There are also obligations on issuers of securities. The risk to investors includes possible unfavourable rate of return owing to depreciation in market value and/or nonpayment of dividends. It could also involve possible loss of investment should a company go burst.

Nature of capital market

At this point, it is important to recognise the nature of capital market. Sulaiman (1999) defines capital market as a network of interrelated institutions governed by operational guidelines which permit the sale of equity and long term debt

Elements of the capital market

There are three identifiable features of a capital market. These are: the instruments; the market place; and the participants.

a) Financial instruments
Financial instruments are the investment products, created to ensure the smooth and easy transfer of funds in the capital market. These instruments, generally known as securities are financial assets, which represent either debt or ownership. The instruments have various features depending on their type between the primary and secondary markets is the fact that proceeds of sale of primary securities go to the issuer (company or government) whereas in the secondary market, proceeds go to the investor.

b) The market place
Securities and Exchange Commission (1999) the capital market is divided into two separate but closely-related segments known as the primary and secondary markets. Primary Market a forum where new shares are offered to both existing shareholders and general public for purchase. Primary market offers can either be made directly by the company to increase its paid-up capital or through privatization of Government holdings, technically called divestment of government shares. On the other hand, Secondary Market is a market where existing shares are traded (sold and bought). Trading of shares at secondary market takes place on the floor of The Nigerian stock exchange. The Stockbrokers buy and sell shares on behalf of their respective clients. Essentially, the Stockbrokers are the dealing member firms licensed by both the Nigeria Stock Exchange (NSE) and the Securities and Exchange Commission (SEC) to deal on shares and offer other services to the investing public. (Kofa, 2004, p.28).

c) Participants in the Market
Securities and Exchange Commission (1999) to facilitate the saving and investment process in any economy, financial intermediaries must exist and in good number. The financial intermediary is essentially a middleman who pools funds form savers and passes on such funds to those in need of them. An intermediary is a specialist) professional) in his line of business and thus, heavily relied upon by his clients to make good investment judgement on their behalf or provide professional advisory services to them. The capital market has a wide array of intermediaries performing various intermediation functions. They include:

i) Issuing Houses: These are institutions which assist corporate bodies and governments to raise long-term funds by packaging security issues for subscription on their behalf. The issuing house by this function plays a central role in the issuance process, and in industrial development. The issuing house as the principal agent of and adviser to the issuer has the responsibility of advising its clients on the most appropriate instrument and method of sourcing the required capital. It also has the responsibility of assembling and coordination all other specialists required in the issue process, ensuring that statutory and all other requirements are met, and that the issue is properly packaged and successfully concluded. Packaging would include pricing of the securities, preparation of the prospectus and other documents, as well as marketing and distribution of the securities.

ii) Stockbrokers/dealers: These are major players in the secondary market. Stockbrokers are the only persons permitted to transact business on the floor of a stock exchange or on the over-the-counter market. A stockbroker, therefore, stands between the seller and buyer of registered securities, making it possible for both parties to realize their desire to buy or sell securities. To act as an agent of the public or deal in his own account, a stockbroker/dealer must be registered by the statutory regulatory agency (Securities and Exchange Commission) and licensed by the stock exchange. As an agent of his client, the stockbroker is under obligations to transact business for him at the best price obtainable in the market.

iii) Investment Advisers: These are institutions/persons registered by the statutory regulatory agency to provide investment advisory services to their client for a fee. Investment advisory services are incidental to stock broking and issuing house business.

iv) Portfolio Managers: These are institutions registered by the statutory regulatory agency to manage the portfolio of clients. Portfolio management entails the receipt of funds, sometimes very large sums, to be invested by the portfolio manager. Most often, the choice of investments are left to the manger who however must send periodic investment statements, to his client. In exercising his discretion, the manager must at all times, consider the best interest of his clients. Both investments advisory and portfolio management services require extensive economic/market analyses to guide investment decisions and advice to clients.

v) Registrars: These are institutions employed by companies to keep comprehensive registers of their members (shareholders) and creditors. In addition, they arrange annual general and extra-ordinary meetings for their clients; distribute stock/share certificates, annual reports, dividend warrants and notices of shareholders' meetings. In cases of issue oversubscription, registrars dispatch surplus monies to subscribers.

vi) Trustees: These are important participants in debt issues and collective investment schemes such as unit trust. The trustee protects the interest of investors in debt instruments by monitoring and ensuring the fulfillment of the term of the trust deed.

vii) Receiving Agents: These are banks and stockbroking firms appointed by the issuing house to serve as centers for the distribution of offer applications forms, as well as for the receipt of subscriptions monies on behalf of the issuing house, for a fee.

viii) Receiving Bankers: These are banks designated by an issuer to receive proceeds of an issue on its behalf.

ix) Solicitors: These are law firms which either represent the issue or the issuer. In practice, two solicitors are required in a public issue of securities. These are the solicitor to the company (issuer) and the solicitor to the issue. The solicitor to the company among other things ensures that the memorandum and articles of association of the company are in consonance with legal requirements of a public company, and effect amendments where necessary. The solicitor would examine issue relating to the authorized capital, ensuring that it can accommodate the issue being proposed. Where a debenture stock is to be floated, the solicitor would make sure that the company has the borrowing power to do so. Generally, it is the duty of the solicitor to the company to ensure that the company complies with the provisions of the corporate law of the country (e.g. the Companies and Allied Matters Decree 1990 in Nigeria).

x) Auditors: These are the existing auditors of the company. In their capacity as the auditors, they provide historical perspective on the accounts of the company for inclusion in the prospectus.

xi) Reporting Accountants: These are firms of accountants which provide independent assessment of the accounts of the company. They review management forecast and examine the reasonableness or otherwise of such forecast. Based on their findings, the reporting accountants can recommend adjustments to the management forecast. They also prepare statement of indebtedness of the company, among other things.

Prerequisites to successful investing in stock

a) Selecting a Broker
According to Fischer and Jordan (2005) the investor's first step in establishing a satisfactory relationship with a broker is to choose a firm that is suitable for his needs and to select a representative of the firm with whom he can work. In practice separating the two choices is hard, for if one has chosen a satisfactory firm but is unhappy with the representative, it is embarrassing to shift one's account to another representative within the same firm. The brokerage firm should be a well-known and long-established institution. In selecting a firm an investor can ask for recommendations from his bank or from friends whose opinions he trusts.

b) Opening a Brokerage Account

This is an investment account, which is opened with the CSCS through a stockbroker. When this account is opened a client is issued with two numbers. The first number is called 'CSCS No.'. It is computer-generated numbers allocated to a new shareholder. It is unique to each stock-broking firm. Although a shareholder can have as many accounts as the number of stockbroking firms he uses. Furthermore, CSCS No is alphanumeric which is used if you have to fill in public offers if you desire shares allotted to you to be credited to your account.

Investors Account No. is numeric which is used internally on the floor for trading. In other word, investor's No. is the CHN represents the Clearing House Number assigned to every shareholder at the first point of entry into the CSCS system. He/She must have completed the CSCS -- R005 Shareholders Particulars Form. They are to provide the same CHN to all subsequent stockbroking firms they may have transactions with for ease of reference.

Other Prerequisites to successful investing in stock include opening a Bank Account, access to Post office Box (P. O. Box), access to Phone and active E-mail Address.

Process of acquiring shares

According to Nigerian Investments and Securities Law Report [NISLR] (2004) shares could be acquired by six (6) main modes;
1) Public offer;
2) Rights offer;
3) Bonus;
4) Nominal transfer; i.e. Transfer of share by way of gift.
5) Transmission from a dead relation or friends or collective investments or investments previously held under a corporate name for a beneficiary; and lastly

6) By purchase on the secondary market.

In general, a prospective investor who wishes to purchase shares on the secondary market is expected to approach a stockbroker such as Newdevco with a request to purchase or to invest in shares at a secondary market. In response, the stockbroker asks the prospective client which stock/shares he/she intends to purchase. Where the client has a selected stock in mind, the stockbroker executes the order according to the expressed need or interest of the client/customer. (Kofa, 2004).

Kofa (2004) added that in a situation where a client does not know which stock/share to buy, the stockbroker explains and advises the client accordingly in detail the shares to invest in. Consequently the stockbroker gives the client the necessary share transfer forms and Central Security Clearing System (CSCS) (particulars of shareholder) for completion. These documents are used to lodge the shares at Registrars Department of the company and also to open the new CSCS account for the client. The shares requested by client to be purchased are normally paid for by Bank Draft or physical clash to a stockbroker, who will in turn given an official receipt for the draft value or cash collected. Thereafter, the stockbroker purchases the shares as requested by client. Whenever the transactions are fully consummated, the stockbroker shall forward the CSCS statement of stock position to the client as evidence of ownership of such shares.

Benefits of Central Security Clearing System (CSCS)

Nigerian Stock Exchange (2008) states the benefits of CSCS to the operation of the Nigerian Stock Exchange as follows:

a) To Investors
Investors statements of stock position are issued every quarter free of charge or on demand for =N=100.00.

Use of stock position as collateral for loan facility after T + 3 settlement cycle i.e. 4 working days. In effect, a statement of stock position is obtainable from CSCS 4 days after transaction.

Investors can speculate more and take advantage of capital appreciation in their investment because of the T+3 settlement cycle.
Reduced risk of loss of certificates.

b) Quoted Companies

Huge cost associated with the production of share certificates for transaction through the secondary market has been significantly reduced.

Before CSCS, a single transaction on a certificate led to the cancellation of the certificate and the issuance of as many as ten (10) certificates depending on allotments made. This is no longer so since few shareholders request for certificates.

Indeed, of the 400,000 shareholders who use CSCS system now, only 2,200 shareholders have requested for certificates to date.

Amalgamation/consolidation of several accounts for a shareholder on the register leading to reduction of cost to the company.

c) Stockbroking Firms
Prompt Inter-member money and stock-settlement are assured.
The problems associated with delivery of shares are minimize
Increased efficiency and profit
Reduction in operational cost.

Disposal of Shares

According to Kofa (2004) a shareholder who wishes to dispose his/her shares is expected to go to a licensed stockbroker only. A Stockbroker is seen as the authorized agent approved by the government to deal in shares, especially in the purchase or sale of shares on behalf of an individual, group or company. The original hare certificates or CSCS statement will be tendered to a Stockbroker who will issue the relevant forms for completion by the shareholder and then forwarded to company Registrars for signature verification. That is, confirm the ownership of the shares in the case of share certificate. However, in the case of CSCS statement, the stockbroker verifies his client's signature. After the confirmation of signature, the share is taken to the floor of, say, the Nigerian Stock Exchange for appropriate disposal. After the disposal contract, a note shall be raised appropriately and the net proceeds is remitted to the shareholder after commissions and statutory charges are deducted as approved by the Nigerian Stock Exchange.

Recent Development in the Nigerian Capital Market

There are two recent developments in the Nigerian Capital Market. First, is the launching the e-dividend payment system which would subsequently solve the problem of unclaimed dividends by the Securities and Exchange Commission (SEC).

According to Olamijulo (2008) the e-dividends payment system refers to the payment of dividend due to shareholders through electronic means into the shareholders' nominated bank accounts. It implies same day clearance for dividend payment. He added that the system would enable shareholders receive their dividends on the same day, thereafter a confirmation letter of the dividend payment would be dispatched by the registrar. The e-dividend payment system would minimise cases of unclaimed dividends, eliminate dividend loss in transit, the forfeiture of dividends in the future and enhance the ability of shareholders to immediately access and utilize the proceeds of their investments.

Secondly, is the launching of e-allotment which will be fully operational from January 1, 2009. Ahmed, (2008) reported that the system is aimed at enabling the achievement of a certificate-less system in the Nigeria capital market.

E-allotment of shares as it is known is a process of direct credit of approved allotment on offers to the CSCS account of shareholders, as against the conventional issuance of share certificates. It is a process which will aid the achievement of certificateless transaction in the Nigerian capital market. (UBA Registrars, 2008)

The e-allotment is introduced as a result of postal services delays, and "the need to reduce costs in printing and dispatch of share certificates as well as to enable all investors in public offers speedily allotted shares."

Conclusions and Recommendations

It can be concluded that in Nigeria, the only obstacle to stock investment is the low level of investors' enlightenment on the benefits of the entire system, which has greatly affected the acceptance level negatively. Therefore, it is recommended that the regulatory agencies like the Nigerian Stock Exchange and Securities and Exchange Commission should continue to enlighten Nigerian especially, using major Nigerian languages on the gains of stock investment.

Current Scenario Of Borrowing Personal Funds In India!

Personalised to your needs is the personal loan. It would be wise to take a loan on fixed rate of interest as the finance market rates are currently low. It is likely to rise in the near future, if you want to continue your borrowed funds at the current loan rate then you must fix it at this current rate. This helps you to pay the same amount for as long as you hold the account with them. Isn't it a solace from the sudden rise in the loan rates which is likely to occur?

RBI has raised its cash reserve ratio to 6 %. With the growing inflation the rate at which it borrows and lends to other banks has been increased by several points. Try not to default on your payments, missed payments or late payments will cost you a fortune with increased interest rate. Credit cards also experience similar kind of situation, do not default on your credit card payments too.

The golden rule in borrowing funds still holds good!

Security of a good size
Good credit rating
Longer duration

Type of funds you opt for will definitely play an important role in determining your interest rate. If you take up secured borrowed funds, such as a secured loan you will qualify for better rates. The higher the equity better is your rates on loans.

Credit standing, as you all know is another determining factor. You will not only qualify for loan approvals but also get good rates. Easy and flexible loan options are also combined with a good credit standing. Your credit scores are collected from the credit agency such as Experian, Equifax and Trans Union. It is a statistical method to determine the likelihood of a borrower paying back the money he or she has borrowed. If you have defaulted on your credit card payments, store card payments or other borrowed funds in the past, have debts and arrears your credit report will reflect a poor credit rating and vice versa. FICO score is related to this credit score.

In case you have paid back your pending payments, you need to approach a credit agency and get it corrected so that your credit standing will reflect a positive score in future and qualify you for a better and competitive rate on borrowed funds.

Longer duration on your borrowed funds will offer lower EMI (Equated Monthly Installment) amount. The amount you pay on your borrowed funds will be lower as it is stretched for a longer duration.

Wednesday, July 18, 2012

Some Facts About Lifestyle Management

To understand lifestyle management, firstly you need to understand the different components of it. For example if lifestyle can be defined as the art of living, then it would include preferences, culture as well as attitude of the group. There are a verity of lifestyles that include rich, poor, faithful, homemaker and many more.
Management on the other hand can also be termed as managing of the process or supervising the things by taking charge of it. Usually management does bring up an idea who oversees some operations, but in fact people on a daily basis do manage their professional as well as personal life simultaneously.

Therefore, the conclusion is lifestyle management can also be explained as managing one's lifestyle. This lifestyle managing does include the balancing act between the personal and professional issues of life. Now a day's people tend to work more than usually they were used to work. It often gets reflected with the lifestyle habits they deal with on a daily basis.

So here comes a very complicated question of how to manage a lifestyle with very less headache? The key to this question is the lifestyle management companies. These companies help individuals to take care and manage specific tasks so that the task can be completed in a much more enjoyable manner. The lifestyle management company does allow you to hand over your task to someone else.

By handling over the tasks to the lifestyle management company, people would have ample of time to spend with their family and friends without any undue stress. With summer months coming, it can be very much stressful to plan for a vacation. But it gets easier if the planning part is being given to the lifestyle management team to deal with, so that you can enjoy the summer camps stress free.

For small business owners lifestyle management companies do provide freedom to enjoy the life by maintaining a perfect balance between professional and personal life. For example a real estate professional might choose administrative duties to be handled by the lifestyle management companies, leaving enough of time for the other tasks.

That reason for a higher demand in lifestyle management companies is because of the busy schedule in our daily life. To manage the time as well as the stress levels makes a life overall happier. Lifestyle management companies do help people to utilize their resources effectively so that you can live your lifestyle at full fledged.

3 Commonalities Of Scenario For Vijaya Bank, Punjab National Bank And Doordarshan Recruitment 2013

India is a big country with lots of organisations, which offer golden opportunities of career, prospects and prosperity. Students after passing out and those already in some jobs, all are interested to choose careers in such organisation because they are sure of growth in their personal and professional lives.

Organisations like Vijaya Bank and Punjab National Bank have been well established nationalised banks of the country. Working in these banks is preferred by banking job aspirants because of the versatility in the experience, which they will gain and certain other factors. In the same league, Doordarshan recruitment 2013 can also be included, to come up with 3 common aspects in all these organisations.

Big employers Be it the Vijaya Bank or Punjab National Bank, or even the Doordarshan, all of these are highly coveted organisations of the country. In the banking field, PNB has a good name as a place where customers come for financial transactions of different varieties. Works range from simple transactions to fixed deposits, loans and even investments. With Punjab National Bank and Vijaya bank recruitment 2013, people will be able to work in some of the best organisations of the country. Doordarshan is the public sector television broadcasting corporation, which is responsible for televising variety of entertainment and educational programs. Working in Doordarshan is a privilege and gaining experience for people.

Creative and well paid Through the Doordarshan recruitment 2013, candidates can be posted as editors, station directors, engineering assistants, production assistants and many other positions. These are highly responsible and creative posts, which warrant a handsome salary for the recruits. In the world of banking, probationary officers, as well as specialist officers, who would be appointed after Punjab National Bank recruitment 2013 and Vijaya Bank recruitment 2013, will need to be creative. There is requirement of responsible and creative individuals, who can manage the banking business and help in creating a wider customer base. For this, the officers recruited through these banks are well paid for their services. Salaries of POs and specialist officers in these banks are quite high, competitive to the best in the industry.

Plenty of vacancies Another speciality in the field of Doordarshan recruitment 2013 and Vijaya bank and Punjab National Bank recruitment 2013, which would be common to these organisations, is the large number of positions which would be coming up. In the banking sector, there is need of about hundreds of clerks and probationary officers, because of expansion of banking activities and increase in number of branches. After the recent announcement of Prasar Bharati, more than 1150 jobs in Doordarshan and All India Radio, candidates are upbeat about the large number of positions in different Doordarshan Kendras all around India. For both these banks and in the Prasar Bharati, there will be a good number of positions coming up.

Even though these organisations of Vijaya Bank and Punjab National Bank and the Doordarshan are quite different from each other, the above factors can be seen to give some common perception to them. Candidates, with suitable qualifications and eligibility, can apply for the respective positions, commensurate with their eligibility and secure good careers for them in their professional lives.

Think Yourself To Infinite Wealth And Double Your Income

Regardless of what you may have been told, hard work alone doesn't make you rich, nor does it give you financial freedom. It's how you think about money and how you acquire it that makes all the difference. Most people put things in terms of earning and spending, focus on how much they are making in the now and acquire things sooner rather than later. In sum, they're working to meet expenses but expenses tend to rise as soon as salary does.

The path to having infinite wealth and financial freedom lies in a totally different direction. You have to ask yourself, what do entrepreneurs and other hugely successful people do that the other 95% of Americans don't? The answer is that they think about finances in terms of cash flow and know how to generate passive income that will continue indefinitely.

As best-selling author Robert Kiyosaki ("Rich Man, Poor Man") has explained, part of the problem is the way most individuals have been taught to define source of income, assets and liabilities. Traditional perceptions assume annual income is basically finite, comes from your job or professional career and is earned by doing. Money is valued for what it can buy today or how much of it can be amassed.

Additionally people have been trained by society and general accounting practices to classify houses, cars, luxury items and general "doodads" as assets based on their paper value. As a result, the rule of thumb says bigger, better and more are always desirable. In reality, though, these things are actual liabilities because of the costs associated with them; when you consider general maintenance, real estate taxes, insurance, etc., you see that large and luxury possessions can deplete cash flow significantly. No wonder that, on average, people in the Middle Class lose 50% of their gross income to taxes.

Worse still, following this traditional mindset can be disastrous since it leads to living month to month regardless of how much comes in. Roughly 60% of Americans couldn't last more than 60 days without a paycheck and retirement, even for professionals (like doctors) becomes impossible because of current cash flow needs.

The solution lies in learning to value time over money and generating enough passive income to cover months or years without having to physically earn it. Start by living well within your current means; it is easier to be financially free when you have lower expenses. This will allow you to accumulate enough to leave the rat race for a life of fast track investing.

Then put the money you're not spending into things that have a continuing return on investment (ROI) like rental real estate, network/multi-level marketing or a business that provides a necessity (and where employees and managers can ultimately generate passive income for you). Keep in mind that, as we've seen, stocks and other paper investments are subject to the whims of Wall Street.

Be prepared to work very hard in the beginning and acquire additional passive-income generating assets before liabilities. Consider finding a mentor and approach him or her with the intent of giving something in return for the valuable information and experience you'll be getting. No one should be asked for "something for nothing" or feel that he or she is being taken advantage of.

In terms of real estate, for example, this might mean doing the renovations for a relatively small amount of money while you're learning by doing and listening to great advice. Many budding entrepreneurs make the mistake of asking for help and offering profits on the back end. Think of an old-fashioned potbellied stove and remember that you have to donate the wood before the stove can generate heat.

Lastly, remember to provide true value, give all of yourself and be generous; you'll find that the more you give the more that's left for you. That includes spreading the wealth by teaching others what you've learned.

In sum, learning to think differently about the acquiring and spending of money will put you on the fast track to having true financial freedom.

Monday, July 16, 2012

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Sunday, July 15, 2012

The Best Sunglasses for People With Long Eyelashes

If you were blessed with long and full eyelashes, finding the right sunglasses can be a daunting task. Sunglasses, which are a must for many, can cause discomfort as well as eyelash breakage if you wear a pair that interferes with your batting eyes. To avoid this you must find a pair of sunglasses that are rounded to fit your face, as well as provide additional space in the eye region.

When you are on the market for a pair of sunglasses that will not interfere with your eyelashes, it is important to avoid frames that fit straight across the eyes. These frames will not allow enough room for your eyelashes and can become quite uncomfortable. Make a fashion conscious and practical investment and consider the sunglasses listed below.

Bug Eye Sunglasses

If you are trendy and want to stay in fashion, consider investing in a pair of bug eye sunglasses. While these sunglasses were originally designed for participants of winter sports, more and more celebrities are wearing this style on a day-to-day basis. The frames are designed to sit on the bridge of the nose and are curved just enough to prevent interference with your eyelashes. There are several varieties of bug eye frames and lenses, from traditional black lenses to more unique red and orange variations.

Rounded Over-Sized Sunglasses

Over-sized sunglasses are very fashionable at the moment, as they cover just enough of your face to protect your eyes and hide your blemishes. There are countless photos of celebrities hitting the streets in rounded over-sized designer sunglasses in an effort to avoid detection from paparazzi. Rounded over-sized glasses are available from several different manufacturers. If you are on a limited budget, value-priced lines also offer their own styles and models of over-sized glasses.

Prada and Coach Sunglasses

Prada and Coach are well known brands offering high quality designer sunglasses, some of which are specifically designed for women with long eyelashes, whether they are natural or fake. If you are looking for an affordable pair of designer sunglasses, you should be able to locate plenty of options by doing a simple Google search. You could also stop by your favorite local retailer and try on some sunglasses manufactured under less expensive brands. If the brand is not a concern, you should be able find a decent pair of sunglasses that will fit around your eyelashes for as little as .


Having long eyelashes is nothing to be ashamed of. In fact, many people pay good money to extend their eyelashes and make them fuller. If you want to find a comfortable pair of sunglasses that will not hinder the movement of your eyelashes, look for curved or rounded frames that do not sit too close to your face.

The good news is that finding these sunglasses has never been easier, as they are the current fashion trend. Visit your local retailer and try on various styles to see which glasses are most comfortable for you. Once you find the right style, compare prices online and get your sunglasses just in time for the sunny season!

Saturday, July 14, 2012

Motivational Keynote Speaker Tips

A better start makes half a better conclusion, it is said. As in all cases, this assertion applies to motivational speaking overly. A keynote address is an address that is delivered at the start of a significant case, starting it away. A keynote address sets the color for a case; a better keynote address enhances the case. A motivational keynote speaker is an individual who ensures that the case is an unforgettable one, with his keynote address paving the manner for the case's success.

A motivational speaker can help your business in many ways. In addition to energizing employees, a motivational speaker can help employees find better ways to be productive, take more pride in their work and learn how to work with others

If employee morale at your company is at an all time low, it may be time to think about hiring a keynote speaker to motivate employees. There are many topics an experienced motivational speaker can talk about and the speaker chosen to motivate your employees should have a variety of topics proven to inspire.

A motivational keynote speaker mostly starts the proceeding for a role, be it a league, convocation or a political propaganda. He must guarantee that his address gets the audience upward and involves them in the remainder of the case. In most cases, a better keynote address bodes a productive streak for the case. This makes the keynote motivational speaker one of the almost significant entities in the case.

A motivational keynote speaker must start with a definitive, inspiring quotation. Generally, quotes and verses lean to awaken the stake of the audience much than simple statements. So a motivational keynote speaker has to begin on these lines. Then, he must offer a short description of the case, the cause for the case and the host, if there is one. He must so continue to summarize the importance of the case, and the influence of the case on subsequent happenings. He can take pertinent examples and anecdotes to stress his level. A better keynote address ever contains an impartial percentage of wit, jest and hilarity. This, a motivational keynote speaker must guarantee. A better motivational keynote speaker ever involves the audience in his address. He asks questions, starts discussions and evokes responses from the audience.

The audience should never look bored during a keynote address because, a keynote address is a forerunner to the case. Another significant trait for a motivational keynote speaker is creativity and design. He must not ever go upward older instances and pertain them. He must have the power to premeditate, and ad-lib, if needed. A difficult audience would present an impressive challenge to any keynote motivational speaker, by their crucial inspection of the case. A better speaker must be capable to undertake the hurdles posed by a crucial audience and emerge unharmed.

A motivational keynote speaker must give tips and suitable solutions to problems, if the gathering is to resolve a dilemma.

A good motivational keynote speaker must provide a platform for further proceedings, and his words must stimulate the audience into thought. Further, he must address the gathering in such a way that it arouses the feeling of teamwork and co-operation within them. A keynote speech must be spiced with references, quotes by famous people, witty idioms and thought-provoking statements. The conclusion to a keynote speech is also very important. A motivational keynote speaker must briefly summarize the event and pave way for the transition from the speech to the commencing of the event. The conclusion should make a part of the event's beginning.

Mortgage Loan Modification Process Help

A Home Loan Modification is the greatest solution to financial trouble for houseowners seeking mortgage help, and as such has been the receipt of a large amount of news consideration in lieu of the dawning of the mortgage crisis.

Most reasonably, you are here owing to that fact you have heard about Mortgage Loan Modifications, the potentiality they possess to benefit just about every person, whether you are behind or current on your mortgage loan, and your to all appearances hunting for further info on Mortgage Modifications and loss mitigation techniques.

My desire through this paper is to aid you in becoming a Home Loan Modification pro, so read on!

We're going to check out the nitty-grittys first:

What is a Mortgage Loan Modification?

A Loan Workout is a fixed change in the conditions of your existing mortgage as negotiated by you, the homeowner and your lender.

Why on earth do I need a Home Loan Modification?

A Mortgage Modification can do a number of awesome things for you. First, the best Mortgage Modifications lower interest rates, and of course, lower payments. There are homeowners throughout the country saving a good deal of money each month on account of Home Loan Modifications.

Added benefits of a Home Loan Modification include the potentiality of a diminution in the moneypayable (principal balance reduction), a alteration in the period of the mortgage, converting the loan into a lower, fixed-rate mortgage, and even forgiveness of late fees and legal fees.

Saving money each month? Lowering my interest rate? Wow that sounds great. What's the catch?

Why would my lender help me?

Your mortgage lender has lost a huge amount of money due to foreclosures; most of the homes they foreclose on are underwater, meaning that the defaulted loans are significantly higher than the values of the properties. Sure, your lender will "lose" money when your payments go down, however, receiving any mortgage payment from you is better than no payment at all, or worse, having to foreclose on you.

How do I get a Home Loan Modification?

Friends, the name of the game is hardship. Well, it goes a little beyond simple hardship, but that's what we're going to start with. The first step to getting a Home Loan Modification is showing your lender that you simply can no longer afford to make your mortgage payments on time.

Now, different lenders obey different criteria for determining your "affordable" payment. Many lenders participate in Making Home Affordable, for example, wherein and aside from other guidelines, your "affordable" payment is 31% of your gross income (income before taxes).

Other lender's use different guidelines to qualify you. With Indymac, for example, the magic percentage of your gross income is 38% (under FDIC's Mod-in-a-Box program). This "affordable" payment is the total of your Principal, Interest, Taxes, Insurance, and HOA Fees (if applicable).

Still other lenders utilize an archaic system of totaling up your total net income, then subtracting expenses. For many "in-house", non-Government backed Mortgage Loan Modification programs, lenders may use a combination of both qualification methods.

Getting qualified is as simple as contacting an expert who can aid you. An expert can also aid you hit key target hardships that will aid you qualify for a Loan Modification, and, being a wonderful expert, I'm going to give you a couple of the best hardship's for free, right here!

Justin's Acceptable Mortgage Modification Hardships

Reduction of Income. I.e. - Unemployment, underemployment, reduction in work hours, reduced pay, decrease in business earnings (if you are self-employed).
Change in household finances. I.e. - Death in family, illness, divorce, incarceration, disability, adoption, child birth, care of relatives and family.
Increased expenses. I.e. - ARM (Adjustable Rate Mortgage has adjusted or will adjust), medical and health care bills, utility bills, increased taxes.
Insufficient assets. I.e. - Cash reserves are not enough to pay mortgage and basic living expenses.
Monthly debt payments are too much! I.e. - Too many credit cards, home equity loans, other credit loans are choking me!

A Quick Guide to the Loan Workout Process

1. Write a Hardship Letter. For help on this, visit my website in the resource box below.
2. Get on the phone with your loss mitigation department. For a complete list of all lenders and contact numbers, again, check out my website in the resource box at the end of this article.
3. Set realistic expectations, and document your conversation with your lender - start a log - called Countrywide, 12:00 pm Saturday the 29th, spoke with Dave regarding HAMP Loan Workout, faxing over required documents.
4. Send required documents that your lender needs - Bank statements, tax returns, paystubs, etc.
5. Negotiate for the best terms that you can on your Loan Modification.
6. Sign your Loan Modification agreement.

Alrighty, hopefully you've got a pretty good idea of what to do to get a Mortgage Loan Modification. If you need information, the best place to get assistance is the resource box below. We've covered a good deal of Loan Workout advice , but there's a good deal more Mortgage Modification counsel that you should know prior to contacting your lender, for example, which programs your lender participates in, and what the guidelines are of those programs. Also, you may want to find a direct contact number so that you don't have to wait on hold for hours and hours. We've got that and more; check us out by clicking on any of the links in the resource box:

Friday, July 13, 2012

Yoga Benefits For Anxiety Relief

Stressed out individuals carry a great deal of physical tension in their bodies. In these cases the natural unblocking effected by yoga postures are helpful. When one rests between postures, abdominal tension is released from the body promoting deep breathing. The benefits of yoga postures (asana), breathing (pranayama), and meditation (dhyana) include increased body awareness, release of muscular tension and increased coordination between mind-and body. It helps in better management of stress and ensures an overall feeling of well being.

Yoga is an ancient practice of controlling body and mind which originated in India a few thousand years ago. It is a practice by which there occurs a physical and mental harmony. The Yoga that is practiced all over the world is actually called 'Hath Yoga' a component of the wholesome Yogic practices. There are many sections in yogic practices which have got different implications.

Yoga has considered internal purification of the human body in depth. The shuddhikriyas (Cleansing Process) have been planned with a view to have total purification of the body before various samskaras are made thereon for baking the body in the fire named Yoga so as to turn the body into a ripe vehicle. The organs where there can be a lot of impurities require these shuddhikriyas. The internal organs, which come into contact with the external matters regularly, need to be purified.

If you are pregnant, you are very likely to suffer from occasional depression, anxiety disorders or panic attacks They should let you move freely in different yoga poses by telling you the benefits and also the dangers.

Supported Bridge Pose (you may want to place a folded blanket under your shoulders to give your neck some extra support and protection):

Lying flat on the floor, belly up, bend your knees so that your feet are as close to your buttocks as possible. Make sure your feet are placed firmly on the ground. Inhale and on the exhale lift your pelvis and buttocks up, off the floor. Your thighs and inner feet should stay parallel to each other. Move your arms underneath you for extra support and clasp your hands together. Lift your pelvis and buttocks up until your thighs are parallel to the floor. Make sure your knees are directly above your heels.

Lifestyle changes can help you control your anxiety. Identify all the things that may be contributing to the problem. Some causes may be in our control to remove others may not. Meditate for a deep detachment from everything external. This will reduce the suffering of anxiety. Meditating on oneness with everything will reduce fear and bring solitude and comfort.

Here are a few simple and basic asanas that help relieve stress:


It is also known as the corpse pose and is happens to be a a stress reliever.


Makara means crocodile. While performing this asana the body assumes the shape of a crocodile. It is as effective as Savasana.


This is also known as the child's pose. While doing this asana you have to bend forward in such a way that your back is gently rounded.

Wednesday, July 11, 2012

Plus And Minus Of Consumer Credit And Debt Counseling

Consumer debts are not negative all the times. They are positive too. The very classic example where you will find consumer debt positive is home mortgage. Remember, credit card debts are negative in nature. Let's find why mortgage loans seem to be positive. When the consumer opts for mortgage, he is practically investing to build an asset, which is the home in this case. The only point that has to be taken into consideration here is that when you buy mortgage loan, make sure that you are able to repay the loan on time and also be consistent with the monthly payments. On the other hand credit card debts eat away your hard earned money as in this case you have to pay to the credit card companies, and moreover, you are also not building any kind of asset. Usually the credit card user spends more than what he/she earns and as the result he/she will come under huge debts which at times become as huge as a mountain. Since the individual credit card users are not able to pay the money, the accounts become charged off and the credit card companies hire collection agencies to recover the debts from debtor. The situation is really drastic. But, if you opt for non profit credit counseling service within time, you can come out of huge credit card debts. The counseling sessions are conducted by professionals and they will tell you how to manage your debts.

Get started to go with smart and effective debt consolidation plan. With financial markets showing low behavior, and earning sources becoming less, more and more individuals are becoming debtors. As per the latest MSN Money chronicles, around 43 percent of American have been estimated to spend more money than their annual salaries, and are on the verge of running into debts. Moreover, findings also aim that more than half of the American households use credit cards to make the payments, and at the later stage fall under debts. These statistics clearly show why it becomes important to go for credit card and other debt consolidation services.

Look for genuine credit consolidation companies who have sound knowledge about consolidating your debts and show you the right way to handle the condition. Take time and choose the right company that will secure your financial future and you will lead a confident life with no debts to pay to the credit card company. Don't you want this to happen!

Tuesday, July 10, 2012

Are Payday Loans Addictive?

While payday loans can act as a savior in immediate financial needs, they can be compulsive too. These are useful as they are easily accessible when one is low on cash in between the paydays. And you can acquire small amounts of money without any paperwork and hassles. Nevertheless, these loans can be obsessive. The part, which is compulsive, is not possession of money but act of acquiring it.

Being compulsive with habit of borrowing is horrible and without preparedness to pay it back, you can be trapped in greater complications and debts. This in turn will persuade you to borrow the money again, fuelling your loan addiction. Compulsions are not easy things to break, they can over power the lifestyle, and you will find yourself creating justifications and excuses for it, no matter devastating it is. You experience buzz or jolt due to such obsession and you end up losing the view of proceeding or coming out of it. Possessing the compulsion of money advances can lead you to stack of trouble. It can attract greater debt, which will trap you in the vicious circle of borrowing.

Lure of immediate cash is enough for propelling individuals straight to different sites offering such an opportunity. Many people assume that by applying payday loans, they are getting good deals, cash for their purchases as compared to use of credit card that charges high interest rates. Like most of Janes and Joes who easily get addicted to any activity, they really are not able to recognize the big stumbling block, waiting for them in near future.

If you are struck in one such situation then you should start by understanding more money that you borrow through payday loan, you are also losing higher finances that are being charged by payday loan companies. One of the best ways for assisting yourself is making a budget and sticking to it. Prepare an efficient financial plan for yourself so that you do not end up taking payday loans for every small monetary disaster that comes your way.

Doing all the above mentioned things would surely help you to understand that you can live in the lieu of the payday loan lender and this is will make you feel better and comprehend that you can manage from your work in between the paychecks too. It is easy to get obsessed to payday loans but it takes a lot to come out of it. For what we think as the best solution for the moment exacerbate existing financial problem too. So you need to very careful while taking the cash day loans.

If you think that you are well equipped for facing penalties posed by overnight cash advances, think again. This hook, reel scheme and cast if reason why the payday loans are considered to be an addiction. Immediate cash is enticing but the inability to pay it back within in the specific time span can invite a lot of trouble for you. So next time you apply for payday loans, ask yourself if you really need it.

Saturday, July 7, 2012

Aruba Job Opportunities

For every company, their employees are the best asset as they are enclosed by way of devotion and efficiency. Most opportunities have been found by fortunate individuals however there are still a lot who's still longing for With this, employment agencies are formed. It aims to match employees and employers regardless of location. This is a private firm that hires multiple applicants and sends out to a certain company.

Recruitment agencies have remained stronger over the years. By constantly providing chosen aspirants to be a part of each business, any human resource division in a company is able to limit their time on excessive interviews for walk-in applicants. Instead of spending time in finding the right individual for the unoccupied position, the recruitment agency will thus place or recommend someone perfect for the spot. Fortunately, the recruitment agency will be responsible in making preliminary assessments and examinations to determine whether a person is accurate to a certain company's necessity. This is such a great advantage for most businesses since their responsibility towards finding an employee will be quicker and uncomplicated.

Established in 2003, continuously provides the most competent individuals for every available spot that a company might have need of. Their mission is to provide the most suitable employment for someone on the lookout for Aruba job opportunities and deploy high quality employees for most Traha, Aruba companies. This online recruitment group aims to deliver their service in fast, easy and effective means to be able to help any business achieve their objectives. They have the list of trustable recruitment agency that will provide the qualified applicants. They bring up to date the list to help job seekers and employers find each other.

Dealing with business' challenges and pay cycle usually causes headache and the worst, bankruptcy. Formerly, Aruba employment opportunities deal with several advertising techniques such as radio ads, television ads, classified ads and print ads to spread their word and find someone who could do with it. They may find numerous applicants but may not be able to extend their time in repetitively doing the assessments as it is a requirement in hiring the best among the rest. Basically, a recruitment agency can provide these individuals as they have enough time a focus on this line of work. By having competent employees, any company is out of failure and unwanted incidents that they may experience if for instance, they got wrong person for the position.

Job posting in Aruba job openings can offer numerous application opportunities. For job hunters, make available of a ready-to-use form; they only have to fill out the necessary details. Applicants have the chance to be noticed by job search in Aruba employers. The opportunity is immeasurable and boundless. A single click away is your way to a successful employment in Aruba, Bonaire and Curacao. There is now a rejection for too much expense and effort in moving along the whole place since the opportunity is residing on your own house. You can freely express yourself and catch the attention of most target employers.

Since at the present time online recruitment have called the demand of most people behind business and career, it is still better if you'll be in the right place. Keeping all things valuable can contribute a lot to any individual's goal. Be easy to make things possible. Post your resume today and search for your employee at

Friday, July 6, 2012

Top Five Schools For A Masters In Software Engineering

Informational guide for graduate students interested in a masters or phd level software engineering degree.
Many universities today have their engineering degrees scattered through several departments. A large number of universities have combined electrical engineering and computer science into one department, while the standard engineering degrees remain in a School of Engineering and the degree in Finance Engineering is in the business school. The Masters in Software Engineering can generally be found as an option in the school or department housing computer science. Software was once the stepchild in the computer group; today software engineering is as important an academic option as computer engineering. These schools are drawn from the top computer science schools in the nation as ranked by US News and World Report's annual survey of universities and graduate schools.

University of Texas/Austin offers both a Master of Science in Software Engineering and a PhD in the field. Areas of focus in the curriculum include software architecture, requirements engineering and collaborative software design and development. The academic approach to this discipline has much in common with more traditional forms of engineering. Another of the priorities in the designated coursework for the masters program is mobile computing, a platform or series of platforms that requires its own set of software paradigms.

Rochester Institute of Technology is a highly regarded tech school that offers a comprehensive selection of degree options in IT that many larger universities do not. The Master of Software Engineering at RIT is designed for students who have completed an undergraduate program in computer science, computer engineering or software engineering and have at least one year of professional experience. There are bridge course options for applicants who have holes in their undergraduate background. The program requires four quarters of full time study or two years on a part time basis.

Carnegie Mellon University offers several graduate degrees that incorporate software engineering, some of which have online components. The Master of Science in Software Engineering is a sixteen month course of study for professionals who are already working in software engineering or a related field and have at least two years' work experience. The Master of Science in Information TechnologySoftware Engineering is a distance learning program for managers who have at least five years' work experience.

UCLA School of Engineering and Applied Science offers a Master's In Computer Science degree with an area of concentration in Software Systems. Like many graduate programs in IT the student is presented with a set of core courses and the mandate to work out a personal course of study with a faculty advisor. The average time for completion of this degree is five quarters, with the maximum allowed being three years. There is a thesis requirement and students are expected to begin preliminary work on the project at least one year before completing the program. Students who chose software systems as an academic area of focus work with a faculty advisor on developing a thesis topic that is manageable in scope.

University of Minnesota has an excellent School of Computer Science and Engineering that has developed a Master of Science in Software Engineering (MSSE) degree. This is another program designed for working professionals, with sufficient flexibility that students may continue to work and still complete the program in two years. Classes are offered on alternating Fridays and Saturdays for four semesters. The University of Minnesota Software Engineering Center is a program (and facility) designed for collaborative research projects.

The Master of Software Engineering degree is gravitating from a professional mid-career option to an academic standard for students who wish to enter the workplace with an advanced degree.