POST CATEGORY : Finance

How Can You Unlock Your Financial Potential? It Starts with Credit, According to Colin Yurcisin

We’re expected to pay taxes, make payments, take out loans, review interest rates, and manage credit cards the moment we’re thrust out into the world after high school. It can be a heavy amount of information we are expected to learn once we hit the age of 18, considering our basic education does not cover the ins and outs of financial literacy today.

Business credit financing

More important than loans or rates is one measurement of financial trustworthiness that can make or break your future, according to finance entrepreneur Colin Yurcisin. It’s known as credit.

When individuals fail to pay back loans, accumulate more debt than they can pay off, and make poor financial decisions at a young age, they impact their credit score in a damaging way.…

Continue reading →

Benefits Of Getting Online Payday Loans

Chances are you’ve already read warnings everywhere about the risks of taking out payday loans, including getting one from online lenders. A lot of people believe that borrowers can be entrapped into a financial mire by getting this type of loan.

Getting online payday loans

The truth is that there are really instances wherein individuals who are looking for short-term loans, like a payday loan, fall into the hands of shady, predatory online lenders. However, it doesn’t mean that lenders that let you borrow money within the law’s bounds don’t exist online.

Payday loans are one of the several types of short-term loans. This loan type is perfect for emergency purposes because of the quick access to funds.…

Continue reading →

Reasons to Invest in Stocks That Pay Monthly Dividends

As a CEO, it’s important to consider dividend stocks as an investment option. To do so, you need to understand what this investment entails, the benefits it provides, and how to approach the investment process. Read on to learn more about dividend stocks and why you should consider investing in them.

Dividend stocks

Image via Flickr by lendingmemo_com

What Are Dividend Stocks?

Dividend stocks are profit distributions made by a corporation to its investors in the form of company shares or payouts. Dividend stocks are a solid way to earn passive income and diversify your portfolio. Though quarterly and annual payouts are the most common, dividend stocks can also be paid out monthly or semi-annually.…

Continue reading →

How Small Business Leaders Can Make The Most of Their Budgets

It’s no secret that we’re going through a volatile time and small businesses are feeling the sharp end of it. The key to surviving and – dare I say it – even thriving in the coming months is to make the most of your resources.

Business budgeting

Given that the pandemic has cost the average small business over £11,000 in lost takings and extra expenses, having a budget and optimizing it is essential. Especially when, as the pandemic hit, most businesses only had enough spare cash on hand to last two to eight weeks.

So, moving forward, how can business leaders ensure that every pound of their budget is well spent?…

Continue reading →

How To Fund Your Startup By Offering Your Own Cryptocurrency

The beautiful thing about blockchain technology is that it is mainstream enough that just about anybody can create bitcoin wallet account but still new enough that if you create your own blockchain you are one of the pioneers. And early adopters of new technology are usually rewarded when it takes off.

Bitcoin

Blockchain technology is still in its infancy and has yet to fully fulfill its potential. If your business can use the blockchain, then this is an excellent time to start. It may seem like you’re late to the party with so many different cryptocurrencies on offer but the reality is that it is never too late.…

Continue reading →

This is Why your Business Should Consider Invoice Financing

Invoice financing is something that can make a huge difference to your cash flow issues, but it’s also something that many business owners don’t know much about.

Invoice financing and factoring

With over £3 billion in alternative finance reaching UK businesses every year, there’s no doubt that money is available – it’s just knowing where to look for it that’s the hard part. Invoice factoring and invoice discounting are two particular types of finance that could help you to get on top of your business books. They might be suitable if you’re tired of waiting for clients to pay what they owe, or if you’ve perhaps been a little too generous with your payment terms, and they could help to improve your cash flow.…

Continue reading →

What is a Credit Report?

Yeah, you remember that whole permanent record thing with which teachers and principals used to threaten us when we were in grade school? Well, that’s largely a mythical thing about which no one in the world of work cares.

Credit report

However, there is in fact a permanent record about which everyone cares when it comes to your personal finances. Moreover, the information it contains can determine whether you get a place to live, a car to drive, insurance and in some cases, even a job.

That’s what a credit report is — and how it can influence the quality of your life.…

Continue reading →

Why Most People Fail At Trying To Grow Their Personal Finances

Every person must have a good handle on his or her finances to be able to navigate life easily and with a positive outlook. It’s equally important to have a strategy that causes those finances to grow. Unfortunately, many people fail at giving their personal finance growth any momentum.

Growing personal finance

The following are some of the most common reasons that people fail at trying to grow their personal finances and what they can do to fix it.

1. Lack of Discipline

The most common reason that people fail at making their finances grow is a lack of discipline. Growing money takes a determined mindset.…

Continue reading →

The 7 Best Things About Building Insurance

A home is one of the most significant assets for every homeowner. It has many belongings that need to have a security backing should anything happen. Therefore, it makes sense to get home insurance to protect the investment against unforeseen happenings.

Building insurance protection

Most homeowners try to take various security measures in protecting the home. But that’s never enough. The home is at other risks such as natural disasters, theft, damages, and repairs. No matter the level of security applied, home coverage will do much more to the homeowner. Below are the benefits of building insurance.

Protection from Damages

The home is prone to many damages at any point in time.…

Continue reading →

Banking Tips for Small Businesses

Money can either make or break your business. However, that doesn’t mean you’re paying attention where you should. By all means, keep track of money coming in, money going out, and strategies that can increase cash flow, but don’t forget about the basics—like your bank account.

Internet banking

Where you bank and the accounts you have matter. Make the most of your banking services by following these tips.

Know the Fees Associated With Certain Activities

Small business banking is anything but simple. Unfortunately, the potential complexity of business bank accounts can really add up. For example, it isn’t uncommon for banks to charge multiple fees, depending on how you use the account.…

Continue reading →