How to Network and Grow your Net Worth

When it comes to business or anything in life, great networks can lead you to many opportunities. Whether you’re looking for a new job, a new business partner or potentially a new client, it’s so important that you learn the ropes of meeting new people. No matter who you meet out there, it’s best that you make a lasting impression. To help you network with potential people in your area, here are six steps you can take to network successfully.

1. Join a Club

With billions of people on the Internet, how can you not meet people on this massive resource? Why I’m not asking you to network over the web, this is a great place to find local clubs and gatherings in your local area. Pick an activity that relates to your work and see what you can take advantage of. Whether it’s bowling, golf or eating out, there are always people that want to meet you. A great place to start finding clubs is MeetUp.com.

2. Be Knowledgeable

When you open up a business, it’s important to know your industry inside and out. For example, if you’re going to plan on opening a bar, what kinds of organizations are out there? For instance, do you know of any professional bartending circuits? If so, join them! This is a great way to mingle with other people in the same industry and get ideas, share tips and maybe even share resources. Never be afraid to talk with those in the same industry.

3. Volunteer

This networking tip works great in the business and career field. Since most companies are more than happy to bring you on board, try to volunteer in your local area. Whether it’s for an animal shelter or a food pantry, you never know who you’re going to meet behind closed doors. For instance, if you’re a business owner, you never know if this organization needs a new website, logo done or so forth. If they like your work, the word can spread like wildfire! Not only that, don’t forget that you’re also helping those in need.

4. Work Charity Events

You would be surprised at how good this technique works. What you’re going to want to do is call up a few local charity event organizers and ask if you can help work the event. The best place to work is generally the registration desk. Here, you can mingle with people, ask questions and talk with them for a few. Remember, these charity events will often charge hundreds of dollars, so a lot of people with money will show up, and also remember, those with money generally have something going for them. These are the people you want to network with!
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How to Get an Unsecured Debt Consolidation Loan

With the increase in the number of foreclosures and repossessions, the economic situation is getting from bad to worse. Debt consolidation is fast gaining popularity and more and more people are joining debt consolidation programs to perpetually or temporarily get rid of their debt burden.

What is an unsecured debt consolidation loan?

An unsecured debt consolidation loan is that type of a loan which you can use to pay off your multiple unsecured debts and is not backed by any security or collateral. All your loans are combined into a single loan payment and you need to pay off the new loan with a low-interest monthly payment which you are able to afford.

People prefer unsecured debt consolidation loans more as they don’t need to furnish their home as security or collateral against the loan. So, there is no risk of losing your home in the event of nonpayment of the debt consolidation loan. However, as a result of the no collateral or security factor, lenders fix higher interest rates for unsecured debt consolidation loans.

Why do people go for unsecured debt consolidation loan?

Many people usually look for unsecured bill consolidation loans since they don’t have the collateral or security which is needed to be furnished to the lender so that the loan is backed by that security or collateral and the lender readily approves the loan. They apprehend the risk of losing their homes or properties when they look at secured debt consolidation loans. As a result, they go for unsecured debt consolidation loans.

How to get an unsecured debt consolidation loan

For getting an unsecured debt consolidation loan, you should follow the steps given below:

  1. Make a list of all your debts along with the interest rates applicable to the loan products.
  2. See how much is the total outstanding amount.
  3. Check your credit report.
  4. Perform a search for lenders both online and offline. However, searching online is the quickest and most dependable techniques of looking for a debt consolidation lender.
  5. You have to make sure that you have an outstanding credit history to be eligible for an unsecured debt consolidation loan. If you don’t have that, you will be subjected to a higher rate of interest.
  6. Provide your income and other financial details to the lender.
  7. If you fulfill the eligibility criteria of a lender, they will provide a quote to you. See if the quote suits you or not. Go for quotes from at least 3-4 lenders for this purpose. Though these loans ask for higher interest rates, comparing lenders can help you attain a comparatively low rate of interest.

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7 Amazing Ways to Make Your Money Go Further For Your Business

Money is tight nowadays and it is vital that businesses structure their finances appropriately in order to save costs. Energy bills are rising, funds are short and everyone is struggling to keep afloat. Regardless of the sector you work in, you can employ various techniques and methods to try and make the most of what money you do have to make it go further.

The key is to be savvy with your purse strings. Often or not it takes something drastic to make a business sit up and reassess its outgoings to ensure finances are efficient. By closely analysing your expenditures and tweaking particular systems, you can maximise your company’s earnings.

Here are 7 amazing ways to help you make your finances stretch that little bit further and take your business to the next level in 2012.

1. Renewable energy

Energy bills for heating and electricity account for a considerable part of a business’s expenses. Tighten the belt by installing renewable energy solutions; these will make your finances go that little bit further as well as cut your overall carbon footprint. Solar power, biomass technology and wind turbines are increasing in popularity and there are a number of government grants which can help you towards the initial costs.

Alternatively, educate your workforce so the heating is turned off when windows are opened and appliances are switched off at the mains when not in use.

2. Switch energy supplier

It may be that your business is not on the right energy tariff for your individual needs. By comparing all the main energy providers in the UK, you can find the best deal to get the cheapest rates.

3. Tax

Are you paying the right amount of tax for your business structure? It could be that you are paying too much tax, so the best way to ensure the firm is tax efficient is to ask your accountant of the various business structures available and find out which one is right for you.

Similarly, you may wish to hire temporary works during surges in business instead of employing permanent staff. Independent freelancers can cut your tax bills but ensure they stay defined as contractors or you could face penalties.
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What are the Alternatives to Buying a Pension Annuity When at Retirement?

If your about to retire you will no doubt be thinking about income planning for the years ahead. If your not one of those with a lucrative final salary pension then you will have a number of different options available to you. One of these will be to buy an annuity which is what the majority of seniors do in order to fund their retirement. Annuities are popular because they ensure that income is paid for the lifetime of your retirement, regardless of how many years that turns out to be. Recently however the rates that insurance companies have been offering for annuities have fallen, making many seniors think about what other choices they have aside from an annuity purchase. Here we discuss some of the alternatives.

Income Drawdown

Under drawdown your pension fund stays invested, usually in equities as opposed to bonds, and you take an income from it each year. The maximum amount you can take out is capped by the GAD rate, which is set by HMRC. Drawdown plan are often taken by seniors who have a large amount saved in their pensions fund.  They are riskier than pension annuities as the level of income you receive can potentially fall if your investments do not perform well. Although you can set a minimum income guarantee, you will have to accept that your income may not always increase. Consider also that even if you are getting the same level of income each year, because of the impact of inflation your spending power is still going down even if the amount of money you get stays the same.

Fixed Term Annuities

If you buy a fixed term annuity you only have to commit a part of your retirement fund as opposed to all of it as is the case with buying a life annuity. However you are still able to draw an income which is fixed for a set number of years. When this period comes to an end, you can then assess if you want to buy a lifetime annuity or other product depending on your circumstances. Fixed annuities do offer flexibility but you should be aware that lifetime annuity rates could fall behind where they were when you made your fixed term annuity purchase.
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I Need Fast Cash…! Is Payday Loan the Right Answer?

The best way to get out of financial imbalances is payday loan. Mostly people go for it when they come across unexpected expenditures in their daily life and If they are little short on cash opt for these type of loans.

Cash payday loans help everyone to get money when they need it. Are you in a need of cash in advance or require some emergency loans with short period then the better choice is pay day loans.

If you’re frustrating with some financial problem looking for cash which can be fund to you within short span of time. No matter what the problem is but when you don’t find any resources, payday loans provide answer to all your needs with fast cash.

Do not worry of your problems and do not make your life going away from you. Just think if your job is secure and have a bank account then it is very easy to get fast cash in advance with this loan. All you need is you must tie your re-payment of loan to your next pay check.

Payday loans are best in practice because of the following:

  • If you shop and left behind with little amount on your bills then this will be the best way to escape from such situation
  • These loans will help you even if you are facing bad credit but it requires to pay some interest
  • If you are in urgency for medical help and don’t find anyone who can jump you from that situation then get instant cash with this loan
  • This is the best way to get rid of bad financial situation instead of waiting for someone to help you
  • If you’re an entrepreneur, all of a sudden you are in need of money and know that you can clear this amount after your next paycheck. This will be the right solution
  • Use this loan when you want to avoid extra charge on late fees and go for it only if you believe that you can refund within the period allotted to you
  • Usually at times when you’re running late on payments, on bills then we go for best payday loans

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Managing Your Finances to Stay Out of Debt

Many financial experts offer advice for getting out of debt and managing with debt. But an even better plan is to learn how to stay out of debt in the first place. To do so you must learn how to manage your finances more efficiently.

We’re taught from a young age, as early as high school and college, that having debt is just a part of life. But having debt is not natural or normal — it is a burden on your life. When you have a healthy financial profile you can afford to pay for everything that you need and want with cash. Even if you do have a credit card the balance should be at or near zero because you can afford to pay it off each month.

Get an Accurate Picture of Your Finances

The first step to managing your finances to stay out of debt is to simply get a clear snapshot of your current situation. Compare your income with your average outflow each month to see if you’re living outside of your means. Highlight expenses that seem like that are too high. For instance, the general rule of thumb is that your total housing expenses should equal no more than 30 percent of your income. Your total food and entertainment expenses should be about 23 percent of income according to the College Board Budget Worksheet for Graduates.

Put Yourself on a Budget

Budgeting doesn’t have to be a dirty word. In fact, it can be very liberating — having a budget gives you more independence and freedom to do what you need to do each day because you know exactly how much money you have available. Write everything down when it comes to your finances — don’t let the figures swim around in your head. Set aside all of your expenditures in neat categories (housing, insurance, food, entertainment, and utilities) then adjust those totals and pull from them as needed. You may find that most of those expenditures just aren’t needed.

If you have debt at this time, use this helpful budget to prepare an aggressive debt payoff plan. Send extra money that you have left over after covering your necessities to pay off more principal than required each month.
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