Golden Circle: The Backbone Of Investment

The History of Investing in Gold

Gold has earned a rich and valuable history throughout the world. Coins containing gold were first seen in 800 BC. The first pure gold coin came about 300 years later. The value of gold coins has continued to increase and is one of the best investments in the world.

The Value

Gold maintains value as time passes. You may purchase gold to preserve and pass on your wealth to future generations.

Inflation

When the cost of living goes up, gold is your ideal investment against inflation. As inflation rises, so does the price of gold. For fifty years, the price of gold has increased along with inflation.

Deflation

When prices drop, the economy is left with excessive debt and the growth of businesses slow down. This is referred to as deflation. This is what occurred in the 1930s during the Great Depression. You may already know prices dropped at this time, but the price of gold soared.

The Increasing Demand for Gold

In the past, the demand for gold increased due to the boost in emerging market economies. In a lot of different countries, this caused the cultures to intertwine with gold. This was when India became one of the nations with the largest consumption of gold. Gold became invaluable for many different markets such as jewellery. The biggest demand for gold in India is in October because this is the traditional Indian wedding season. One of the most traditional ways to save in China is by purchasing gold. This demand has never wavered.

Diversifying the Portfolio

The best way to diversify is with investments separate from each other. Throughout history, gold has not been correlated with other types of investments such as stocks. During the 1970s, stocks plummeted while gold soared. By the 2000s, you were most likely still purchasing gold. Gold can decrease the risk and volatility of your portfolio.

Geopolitical Uncertainty

Gold does not lose value during financial uncertainty. This is the reason gold is referred to as the crisis commodity. You probably see gold as being safe because it outperforms the vast majority of other investments. The current crisis in the European Union led to an increase in the price of gold. When government confidence declines, the price of gold goes up. This includes purchasing gold coins from Goldstackers.

The Supply of Gold

Since the 1990s, the majority of the gold supply has been coming from the global central banks selling gold bullion. You may be aware this source significantly slowed in 2008. Since 2000, there has also been a drop in the amount of gold produced by the mines. It can take as long as a decade for new mine production to begin. As the available supply of gold decreases, the value of gold increases. There are also more investors demanding gold. They now see gold as an investment class and safe commodity. This has further increased the demand for gold while reducing the amount available.

The Bottom Line about Gold Investments

You should always make gold a part of your diversified investment portfolio. The events causing paper investments to decline including stocks and bonds, trigger a rise in the price of gold. Over the long term, gold has always maintained the value. As time has passed, gold has been successfully used as a hedge against inflation. As major currencies have lost value, gold has remained steady. This is an investment you should strongly consider.

7 B2B Effective Growth Strategies on a Budget

Each business owner is on a never-ending hunt for improving growth strategies without spending a fortune. When it comes to growth, many experts focus on B2C companies. However, B2B growth strategies require as much attention as B2C.

The importance of constantly looking for new solutions can’t be overlooked. B2B companies must be open to new experiments to stay ahead of the competition. Exponential growth is often the goal. But can it be achievable while staying within a reasonable budget?

Let’s take a look at several growth strategies which won’t empty out the company’s bank account.

1. Creating Interactive Content

B2B marketing efforts involve engaging the customer just as B2C approaches do. Creating interactive content, which can catch the attention of a representative, is a highly useful method of getting conversion without exceeding the budget limits.

Interactive content creates a useful “fun” experience. For example, you could come up with a simple game, which checks the professionalism of your potential target audience. Professionals are always happy to test their skills. A quick and appealing test is likely to be shared and reposted.

2. Using Mobile Marketing

Plenty of things have been said about the importance of mobile marketing. However, many companies are still somewhat slow with the implementation.B2C has been taking advantage of the mobile approaches for years. B2B seems to be somewhat behind.

Mobile friendly websites, mobile app development, mobile-oriented promotional efforts are just the tip of the iceberg. According to experts at Miromind, mobile-oriented SEO solutions show impressive and fast results for B2B companies.

3. Taking Advantage of PPC Ads

 

While you may think that this method is more useful for B2C companies, it’s not true. Generating organic traffic to your website by taking advantage of PPC ads is an excellent strategy. It doesn’t require serious investments since you only pay for an actual client, who has a potential of converting.

While you are optimizing your website for SEO efforts, you can give the business a boost with posting PPC ads.

4. Considering Marketing Automation

These days, programmatic advertising is gaining momentum. By investing resources in automating your marketing process, you can cut the marketing team expenses and focus on other important matters.

Besides numerous marketing automation software available on the market today (some freebies are easy to find as well), you can look deeper into programmatic advertising and enjoy a “hands-free” promotional effort.

5. Listing On Third Party Review Sites

When you are asking clients for reviews on your website and reviewing your own products there, it creates useful content for your potential clients. However, being listed and reviewed on other websites can help you enjoy quick business growth due to increased visibility.

Influential review websites can bring you thousands of new potential clients every month. All you have to do is offer information about your company to these sites. Get listed on influential websites and make sure your profile is full and interesting.

6. Practicing Email Marketing

Email marketing is one of the key components of B2B business growth. A special approach is vital to catching the attention of the company representative. B2B email marketing requires a careful approach to checking email validity and creating proper calls to action.

With the right specialist taking care of email marketing efforts, the expenses can be kept to a minimum while the result may be impressive.

7. Exploiting Social Media

Many B2B companies opt out of social media marketing because they don’t quite understand which tone of voice they should use with their audiences. Sounding too professional is a risk since people usually use social media to relax. Sounding too relaxed is a risk as well since it may create the wrong impression about the company.

A simple way out is to ask the employees to use their social media accounts to promote your services. It’s that easy. A couple of seconds a day for reposting and sharing can lead to substantial conversions.

Effective B2B growth strategies are a reality even if you are on a tight budget. Use the above tips to choose the right approach.

UK Chancellor plans to wipe out high cost borrowing

In the Autumn budget plans, Phillip Hammond, the Chancellor of the Exchequer, has announced plans to attempt to wipe out the dominance of the payday loan industry. He has announced that they will create a no-interest loan scheme in order to do this.

This scheme will be offered to over 3 million people who are on low incomes in the UK and is similar to one that was offered in Australia. As reported by the Australian Government, this programme officially helped 4 in 5 people to stop using payday lenders. The scheme will attempt to lower the cost of debts that people have accumulated as a result of borrowing from high-cost credit lenders. It will also aim to provide a much cheaper, more affordable substitute to payday lenders. Another objective of the scheme is to aid people in society from ending up in debts that they are unable and preventing them from turning to loan sharks to pay off the extortionate amounts that they might owe.

In order to get help with this project, and to ensure that it goes the best way possible, Phillip Hammond will aim to get support for this scheme, by teaming up with others. This support will come from debt charities, banks and other lenders.

Also in the Autumn Budget, The Treasury has said that in 2019 there will be a survey that will take place in order to test the likelihood of this scheme working as well as a pilot scheme to physically test how successful it will be before it actually occurs. As well as this, they have said that they will provide £2 million to help design these plans in order to try and entirely wipe out loan sharks which are often illegal.

Furthermore, grants will be provided to many entrepreneurs that are involved in the technology industry. This will act as an incentive for them to create cheaper, legitimate substitutes for people who are no longer willing to borrow from payday lenders. Another aim that Phillip Hammond has laid out, is to extend the amount of time given to customers when trying to settle their debts before creditors can take action against them. This is known as the ‘breathing period’ and Hammond plans to extend this from 6 weeks to 3 months.

This plan as set out in the Autumn Budget, also takes place after the recent shutdown of Wonga in August. They were the largest payday lender and after receiving huge amounts of critisicims for mis-selling loans to many customers, they went into administration. Another reason for the demise of Wonga, was due to the fact that in recent years there has been a huge number of claims for compensation that have been made against them.

Elsewhere, traditional short term loans have pivoted their loan proposition away from payday products to more personal loans, with lenders such as Cashfloat and MY JAR now offering loans repaid over 12 and 24 months. This should give customers more flexibility when repaying their loans through staggered repayments and alleviate the problems associated with high cost short term borrowing.

Payday Loans Have Cost Borrowers Over 800 Million Pounds

According to recent statistics released by the FCA (Financial Conduct Authority) the UK’s finance regulator, people who had in total taken out £1.3 billion pounds in payday loans had to pay back a significant amount more than what they had borrowed. Of the £800 million borrowed in 2018, over £2 billion was repaid which includes interest rates and late fees.

The figures showed that the average loan that was taken out was £250, however the typical amount that borrowers would have to pay back would be significantly more than that. The figures stated that the average amount they had to repay was 65% more than the original sum, at £413. The extra amount paid by consumers was sometimes 100% more, which is worrying given the FCA’s price cap to avoid customers paying back double their borrowed amount.

In addition, in figures released by the Financial Conduct Authority over 5.4 million high cost, short term loans were taken out in the year up to the 30th of June 2018. People living in the North West of England had the highest uptake for these loans, with people living in Northern Ireland taking out the least – due to the popularity of credit unions in this part.

A large number of these borrowers who used these high cost facilities were of the younger age groups. Just higher than one third, 37%, of all borrowers were between the ages of 25-34. As well as this, around a third of all borrowers were tenants and just over a quarter still lived at home with their parents.

The Financial Conduct Authority have also stated that although the numbers of high cost, short term loans have increased since 2016, the numbers are significantly lower than the levels that we saw in 2013. This is due to the fact that regulation was brought in to put a cap on the cost of borrowing money and to limit the number of times payday lenders could roll over their loans.

A breed of new payday lenders has emerged which include those targeting bad credit customers and offer guarantors to provide extra security. Elsewhere, there has been the pivoting of lenders offering traditional payday loans to more flexible installment loans repaid over 6,12 and 24 months. Over the next few years, we could see the payday product before obsolete and evolve into a more flexible, bespoke personal loan product.

Regulators have said that in general, the cost of borrowing is lower than in previous times when there was no cap on the cost of borrowing. The Financial Conduct Authority have been in charge of protecting consumer borrowing activities since 2014. The tighter regulation in the industry has seen some of the largest players in the UK leave due to increased costs or forced closure due to mis-selling high cost loans including Wonga, The Money Shop and Cash Genie.

Why is Online Bingo so Fun?

Bingo is a popular game of chance and luck that is loved by people around the world, find more info here about online casino and how you can play. The game is known for its light-hearted and social elements and has been enjoyed by players for hundreds of years. With the rise of online casino over the last twenty years, bingo has enjoyed a renaissance amongst younger adults and has become a firm fan favourite online. Online bingo games are incredibly popular and large communities have evolved from these online casino rooms. With such a range of exciting bingo games to choose from, players of the light-hearted game are spoilt for choice.

Where did bingo come from?

If it seems like bingo has been around forever, that’s because it has! Or at least it has been around since the 1500s. A form of bingo, ‘Lo Giuoco el Lotto D’Italia’ was first created in Italy and enjoyed as a Saturday night family game. The game is still extremely popular in Italy. This game was picked up by French aristocrats and found its way across Europe over the following centuries. By the 1920s, the game had arrived in America and was known as ‘beano’. Beano was commonly played at fair grounds in exchange for prizes of cigarettes and cigars. The version of bingo that we know today what developed by business man Edwin S. Lowe who was amused to hear an excited player shout ‘bingo’ instead of ‘beano’ whilst playing the game at a carnival. Along with a mathematician, Lowe developed a more complex version of bingo.

What is bingo like today?

Over the following decades, bingo surged in popularity. In the UK, it was commonly played in designated bingo halls and was regarded as attracting an older audience. However, physical bingo halls have seen a steady decline since 2004. This is due to the rise of online casino and the new opportunities for online gamers.

In the modern day, the image of bingo has changed, and the game is now attracting a young crowd of people in their twenties and thirties. This is due to the exciting potential to play bingo in the comfort of your own home or on-the-go on a mobile device. These advancements have made it easier to access the range of online bingo options available, as well as creating a more personal and engaging gameplay experience. Advancements in technology have made bingo even more exciting through the use of apps, touchscreen, and a diverse interface design.

Younger bingo players are thriving in the social communities created by online bingo games that often involve meet-ups and gatherings. This social aspect is reflective of the popularity of social media sites and allows a greater level of user interaction with like-minded individuals around the world.

Bingo is even more popular than it was twenty years ago, but now a younger generation have fallen in love with the classic game. The light-hearted, simple, and social game appeals to the millions of players who take part in online bingo every single week.

Essentials for Any Growing Business

Every business usually sets out with the objective of experiencing steady growth. While some businesses grow more quickly than others, it is the only way to ensure your business survives in the long run. There are some fundamental things you can do to improve the chances of your business experiencing healthy growth. It usually means focusing on things that seem to be giving you the results that you need and expanding on that. There are essentials that seem to work for most successful businesses, but bear in mind every organization will need a different approach. If you’re interested in knowing what these essentials are, continue reading the below article.

Finance

It can’t be expressed enough how important keeping your books in order as a business is. If your business is healthy and experiencing steady growth, then you should have a stream of income coming in and going out. To effectively manage your business finances, track your expenses and develop a bookkeeping system that works for you. Here are a few tips for bookkeeping systems you could use.

DIY: If you can’t afford the services of a professional or want to reduce expenses, then you may have to DIY when it comes to bookkeeping. You can use software like Quickbooks or Wave to help you do all of the repetitive and detailed tasks.

Hire a Professional: If you can afford to, hire a professional to manage your accounts for you. Be sure that they have the certifications and experience needed to handle the job. In doing so, you should have peace of mind knowing your finances are in good hands.

Protection

Protecting your business is a must, especially as you can’t predict what’s going to happen in the future. When you aren’t prepared for any curveballs that are thrown at you, it could cripple your business. In light of this, here are two core ways that you can protect your company from outside threats.

Lawyer:  You should always have a trained and experienced lawyer at hand who can help you deal with any serious legal matters. They can also be useful when it comes to reviewing contracts and making sure you don’t agree to anything that could hurt your business later on. To find a business attorney, decide what you’re going to need them for and ask for a referral from partners or friends.

Insurance: Aside from getting a lawyer, insurance is another must for your business. There are several types of insurance you could get that range from protecting your assets to keeping your office space safe. If you have one or more automobiles, you should also get insurance for your vehicles as well. Look for the best price commercial auto insurance on the market and ensure you have the coverage you need.

Talent

Another essential for a growing business is talented employees. They are the people that make all of the magic happen and enable you to meet your targets. Periodically review your staff’s performance to check that they’re delivering to the highest standard and see where you can offer help or support. To find the right talent, ensure the job descriptions you put out are detailed enough and tap your employee networks as well. By doing so, you should be able to attract the right types of candidates.

However, you may improve your employees’ talents and skills by signing up for a hands-on training. Check out Training Connection here! Acquire more knowledge and develop your business skills from one of their great instructors.

Business Integration

Business Integration refers to a strategic placement which aims at synchronizing the technology of information and market networking, as well as the business cultural cues and goals. It also focuses on how the technological advance is aligned with the business objectives and strategy. In essence, business integration refers to the reflection of the absorption and functional ability of IT. It is indeed an indispensable aspect of management. As a matter of fact, technology has become highly embedded in business, which further implies that successful business enterprises is currently taken as a domain for business leaders other than the resounded technology experts. With this in mind, Virgin group has embarked on integrated technology across the precinct of its business. As the business organization expands, there is a subsequent increase in challenges affecting management which should be streamlined with its subsequent growth. This move has engineered expansion through the Virgin enterprises, which has led to its unique competitive advantage and a sound rate of expansion. This paper will use the case of Branson business strategic placement in various levels of its analysis for case illustrations.

The management is faced with the challenge of establishing a concrete organizational structure which absorbs and promotes the intent of the organization at large. Indeed, sound organization structure frames up organizational controls as well as financial controls, which help it in implementing the strategic business activities. The controls also dictate and underpin the business performance with respect to their relationship with both the business structure and strategy.

As a matter of fact, the structure of an organization puts a framework of the organizational procedures, authority and controls in reporting rapport and the entire business management process. Indeed, it is the organizational controls that sets a framework for the implementation of the strategy and provides for the comparative exercise of the business goals and achievement. This helps in identifying the strategic resolutions that would ensure improvement from underperformance and thus a competitive advantage. In particular, Virgin group has been able to expand both locally and internationally to Australia among other business hubs of the world.

However, through the basic framework of business activities, the structure and strategies of the business are closely related. Indeed, the adoption of a particular strategy has a significant impact on the business structure that results. According to business research findings, organizations structure change often when the performance declines. Consequently, for the management to hold after the decline, it should modify the general structure in order to give room for restoration. This means that the organization must adopt positive structural changes that would enable it accommodate its respective business strategy. This is done following a stable research which unveils the need for such an action. Through a feasibility test of business performance in different fields, one enterprise diversifies across other profitable ventures within and without its area of specialization a profile taken by Virgin group.

In order to enhance the business performance through structural and strategic synchronization, the organization must adopt positive techniques in hiring and further development of employees. Business operating capital is essential for the success of any prospective venture. However, the growth for such capital is far much valuable and rather the root cause of expansion of the enterprise. For instance, Richard Branson’s Virgin Group is a case example that emerges from little capital investment to a huge chain of supply side business investment. To begin with, the business adoption of a broad structure was preceded by a constrained business structure. In essence, Branson began through the publication of a ‘student’ magazine which emitted a thorough exposition which gave rise to a chain of investment fronts.

In the tender investment stage, Branson’s Virgin operated at a small scale prospect while the management structure proved quite simple with the involvement of a limited number of personnel. This was an easy structure where strategic business engagement and implementation was easy to manipulate. However, the structure of the business was gradually changed following some of the expansion that followed the installation of the recording studio at his home in Oxford shire home. Consequently, this increased the output generation to millions of magazines and, therefore, necessitated a devised selling mechanism which saw the sales go worldwide. This also means that Branson must have recruited employees into the organization following the strategic expansion prospects which would see the structural transformation of the organization and graduation from a simple structure to a functional structure of the enterprise.

Through the structural transformation prior further establishment of chain business premises, Branson was also able to manipulate strategic placement that saw the establishment of the highly capital intensive business with the airlines contrasting sharply with the former investment in low capital investments of recordings. The financial control emanated mainly from the investment focus that aimed at expanding the business prospects through the established business strategy. In the attainment of a competitive business framework, it is also important for the recognition of a well established workers recruitment and retention in order to streamline the business objectives with the workers ability and proficiency.

Workers recruitment is also an essential function to consider during the adoption of certain business structure. Recruitment involves the identification process for prospective workers from the time of application for posts to the time of arrival of application to the organizations’ management. This followed by the selection process for the most acclaimed employee to join the organization’s taskforce. This also provides a chance for identification of fit workers for the sake of operation proficiency. Technological integration means that the organizational taskforce must be able to employ the contemporary technology. This also implies that the workers must be creative enough to sufficiently warrant the cognitive engagement in the operational aspect of the business as well as taking advantage of new insurgence of technology, which provides a sounding corporate culture and a competitive advantage as a result. For instance, Branson was acquitted to technology advancements. In the view of advancements in digital technologies, Branson expanded its retail outlets interest through the onset of online retailing following the advent of the Internet. A product of this intervention includes the Virgin money and the joint investment with the Norwich Union. Furthermore, Branson also took advantage of the cellular communications which further led to the establishment of Virgin Mobiles in collaboration with Deutsche Telekom.

The integrated business framework is a function of various factors. The implementation of basic organizations’ strategy works hand in hand with its formulation. Indeed, the structure and systems of an organization is mapped as the most influential and resolute sources of competitive advantage as well as the choice of a strategy. This implies that the capacity for the organization is quite essential in outlining and implementation of the strategic objectives as well as adopting sound structural adjustment in favor for enterprise development. However, across the entire framework of business integration, businesses have to have refined harmonization prospects of cooperation, specialization as well as coordination which would further provide a refined guide into selecting the best enterprise structure. Indeed, effective systems of business management are fundamentally anchored on tactful financial planning, and control as well as well acquitted human resource management practices through a strong team of management.

The success of management activities can also be dictated by the developed or the pre-existing policies which further defines the course of activities taken by the organization. The policies of undertaking the activities therein levels a guidance on the manner in which various activities need to be done for the organization to achieve its goals as per its prospective objectives. Furthermore, policies enhances consistency in the approach to various activities besides creating a conducive environment upon which the work is done and thus the effectiveness in execution of the various business strategies. For instance, Branson was able to establish and surface through the Virgin’s Cell enterprise due to the aspects of deregulations and privatization. Indeed this venture was enabled through the deregulation of telecommunications in Britain among other global players.

Furthermore, Branson brand exploitation was further enhanced through the privatization and deregulations that came about in 1980s and enabled Branson to acquire a rail Franchises which gave rise to the Virgin Rail in collaboration with stagecoach. This also means that Branson was able to identify the competitors in the field of investment and, therefore, strategic means of combating competition, which included the various collusions and collaborations that the enterprise established with competitors. In any business environment, competition is an aspect that can result to a failure if not checked with urgency. Consequently, for any business enterprises to succeed, it must lay fortified prospects of countering competitions while holding the industry constant and increasing its market share. Furthermore, loosened regulations also paved way for the Branson to open the Virgin Blue in Australia. These were strategic ventures that succeeded among other unsuccessful ventures such as attempts by Virgin group to operate the British National Lottery.

The process of instituting concise systems such as information systems also enhances the logical and timely flow of information which further enhances the performance of the business. This means that the report on daily operations and emergencies are essential in analyzing the performance of a strategy with a view of improving it and the realization of a complete circuit of business activities. This mean that report regarding the customers, operations, purveyors, workers as well as the financial report should be discreetly and timely availed for the business management purposes. This scenario enables the management to track and remit most optimal implementation initiatives as far as the daily operations and internal and external environment are concerned. This aspect also ensures that an organization is capable of identifying other prospective investment areas and evaluating the suitability of the latter.

In the light of the above, Virgin group was actively involved in analyzing structural information from across the globe. This ensured that the business identified new markets as well as business opportunities. Furthermore, the organizations’ initiative further enabled the tracking of highly competitive forces in the industry of interest and thus helping it define the optimal strategies to use in encroachment of the business. Through information sharing and remittal, Virgin was in a position to expand outside the UK between 1998 and 2011 through a series of replicated Virgin Ventures worldwide as well as new ventures. Finally, from the organizational structure, the business forms a legal agency upon which decision-making and the governance procedures are emphasized.

Finally, for any business enterprise to capture and manipulate the market, the essentials of providing distinct services such are mandatory. This is one of the aspects that enabled Branson’s Virgin Group to penetrate markets successfully through the provision of quality, competitive, and brilliant services to all clients. Indeed, communication between managers and the concept implementing personnel in an organization is a powerful tool as it provides for the effective analysis of the level of implementation particularly for the strategic controls. This also enables organizations to a formal assessment initiative which focuses on evaluating the progress of implementation of strategies besides providing the supplementary remedies that would inspire successful implementations thus fostering the business’ propensity to achieve its laid down objectives. A business venture that allows the interplay of both external factors is paramount in the attainment of a singled out success from the competitive advantage that results. This also implies that the social connectivity between the implementation taskforce and the management is highly emphasized.

How do you choose the right fire insurance policy for you

Fire insurance is of vital importance to the modern home. It is undeniably playing an imperative role by allowing you to mitigate or even cancel out your losses in case a fire should occur by securing a fire damage claim Los Angeles. There are several factors to consider when choosing a fire insurance policy. You have to do your due diligence by researching and expanding your search for the best viable options. Here are some tips and pointers on how you can choose the right fire insurance.

Take note of the right coverage.

The effectiveness of your fire insurance policy is measured by the coverage it has of your properties. Having a fire insurance policy means having indemnification in time of a loss. It is thus necessary to go with the right policy to make sure that you maximize this protection should tragedy strike.

If you own the house, it is a good idea to try to insure everything, meaning the house and everything inside it. When you are leasing a place, you should ensure the contents inside. If you own the entire building, have the structure valued for fire insurance as well.

To start the insurance process, take your time in listing all the items you own that have value. A clear concise list of all these items and their corresponding values give you a general sense on the kind of fire insurance policy that you should go for. This will speed up your negotiations with your insurance agent as well.

Should your house or properties be subject to an unfortunate fire incident, having the right coverage will allow you to rebuild more quickly by getting a substantial fire damage claim, Los Angeles, that matches the value that you have lost.

Get the highest deductible possible

A deductible means the amount you have to pay your insurance company until the you are eligible for insurance claim. For instance, if you value your property at a million dollars and the collectible is set at 250 thousand, you have to keep paying the premium up to that amount before insurance kicks in. If the total payments have reached the amount of 250 thousand, after a fire incident, the fire damage claim should be at a full million dollars meaning you are earning the extra 750 thousand. A higher deductible, insurance companies will allow you to pay a smaller premium and could save you thousands of dollars in the long run.

There are exceptions to these however. If you can afford it, you can choose a higher premium and a lower deductible. This would insure your property faster and earn your peace of mind immediately.

Check your fire policy exclusions

It is common place that there are instances where a fire policy will have exclusions to claims. These are of far fetched situations however. For example, most insurance claims in the US exclude events such as war or allied perils. If the fire comes out of these events, the fire insurance company can choose to reject any claims.

Foul play, including insurance company employees or not, automatically disqualifies you from any claims as well. You should be careful with your claims, as these kinds of actions cannot only reject your claims but can land you in a trial for a criminal offense as well.

As important it is to list all the property you have that have value, you should also make sure that you have taken into account the property you have that are not included in the fire policy plan. In a fire damage claim Los Angeles, you will not be able to get paid insurance from these items.

There are several reasons why properties are excluded from fire insurance claims. If an item is perishable, like food, plant ornaments and others, you will not be able to include them in your fire policy for obvious reason that their value degenerates immediately.

Lower your premium by adopting security measures.

Homeowners can have a propensity to act carelessly knowing that their home is insured. This, however is not going to be looked well upon by insurance companies. Insurance, for them, is a risky business. They may choose to increase the premium if they see a huge risk in approving your insurance policy.

Before having your house checked to get an offer from the insurance company. You should install all the necessary safety equipment such as fire alarms, sprinkler systems and smoke detectors. Owning fire hazards such unchecked wiring or improper placement of flammable materials can make your premium skyrocket. Make sure you run a thorough check of your entire home before the fire insurance agent comes. And do this at regular intervals should the insurance agent come to check again and for your own safety as well.

Compare fire insurance companies before deciding.

When choosing a fire insurance company, give a quick research on all the available options in your area before even sitting down with any one of their agents. You should list the categories by which you should rank your choices. Then you can start with talking to the agents of your chosen insurance companies. Have them give you a quotation so you can compare all of them one by one.

Review your policy at least once every year.

All of  the factors listed can change over time. For instance, you could negotiate to lower your premium by installing a better safety system. Your coverage may change as well based on new insurance laws passed. You should take note of all of these changes in your yearly review to insure that your fire insurance policy meets your requirements.

Always remember that owning an insurance means allowing yourself to be able to negate risks. If you keep this in mind when drafting your fire insurance policy, you can save you a ton of money and at the same time give you peace of mind. Never settle for anything less than what you think is your minimum requirement.

What Are Money Lenders Loan?

Moneylenders offer small personal loans for temporary period at high rates of interest. Specially, the dangers and refunds are high. There are numerous unalike kinds of moneylenders. Some provide small amount loans which are to be refunded over a number of days. Some provide heavy sum of money with high interest rate. Others may give credits on furniture or electrical goods. Moneylenders don’t count for your good or bad credit history. They even give money to the stakers who frequently get into a debt group. However numerous countries are governed by the Money Lenders Acts of specific states:

Refund and interest Rates: Moneylenders will gather money from you in cash by stretching out at your doorstep and you will have to tolerate their collection charge. If you cannot give the collection price, you require refunding (principal + interest) at the moneylender’s office. The moneylender should hold his identity card, so that he has the consent to call you for refund. If you are home-like, they can also call you anytime, but you must provide it in writing beforehand. Also, they don’t have the authorization to contact you on Sundays or any of the bank holidays or get in touch with your family members without your agreement.

Results of Non Payment: If you miss to refund the loan amount, get in touch with your moneylender as soon as possible. If you fail to meet payments, the moneylender cannot charge any sort of punishment and cannot offer you another loan to pay the initial loan. If the matter is still not sorted out between you and moneylender, you can get in touch with the Money Advice and Budgeting Service (MABS). They provide free and self-supporting advice to people in debt. They will offer you many advises for example pulling of budget, looking for your rights; try to work out for new loan arrangements with your moneylender. It will assist to carry out your dedications.

When you think about money lending companies, you may consider of banks or credit unions. But if you have bad credit, you may have fall back on to less advantageous money lending companies for example pawn shops or payday loan stores. These lenders often function more like a money shop than a financial practice. You’re not worth as an individual customer, but seen as a possible source of revenue. In fact, some lenders basically make more money from unsuccessful loans and non-payment than from borrowers who successfully complete their loan refunds.

At Cash Mart moneylender we think you should not have to theme yourself to dealing with a money shop to acquire the money you require. For many borrowers, Cash Mart moneylender constituted the best alternative among money lending companies. We mix the benefits of online lending with speedy procedures. As a direct lender, we don’t share your detail with third parties.

Cash Mart Moneylender is regarded as a win-win for shrewd borrowers like you. Why not check out the Cash mart Moneylender difference on your own? You’ll be happy you did.

​​Living Within Your Means to Achieve Financial Freedom

While most American households manage to earn a paycheck at the end of every month, only a few of them can manage to offset a $500 emergency without getting into debt. This is mainly because few people take the time to save up some cash from their earnings. Some will end up spending the unaccounted for earnings on items that are way beyond their means.

From fancy cars to expensive vacations, it can be tough for most people to overcome the pressures they get from friends who seem to be living their best life. As they set out to invest in these life pleasantries, the chances are that most might have to ignore common bills just to get by the month, or even borrow some cash. If this is you, then living within your means should be a priority.

Here is why living within your means is pivotal:

The Issue with Missing Payments

At first thought, the idea of missing payments for them to be rolled over to the next month, only to enjoy some extra luxuries, might seem reasonable. But there is more to this than quenching your thirst for life desires. Were you to miss telephone bills you risk disconnection as well as a late payment fee.

As such, you will have to pay both two months’ worth of subscription and the late payment fees. On the other hand, missing a single payment on your credit or mortgage can be detrimental to your credit score and lead to lower chances of securing short term loans in the future – which might save you from tricky situations. Furthermore, having to roll over payments to the next month might cause further stress in the future as you try to get back to your typical stability.

Save For the Future

The future is filled with uncertainties in terms of both opportunities and financial risks. The only certainty that you have is the amount of income you can get today, which is why saving it is essential. Instead of saving once you are done with spending, start with saving first.

This will require you to have enough visibility into what you earn, and set an ad hoc budget. You can commit to saving a certain percentage of your income over time. To make the goal easier to achieve, set saving milestones and celebrate each one that you achieve.

It Is Wiser To Save Than Rent

In the quest to live a luxurious life, most people will switch to renting consumer goods. While this might have the initial satisfaction of owning something that you have been yearning for, it raises the question of whether you made the right choice or not. For instance, if you rent out a TV for a year, the chances are that you might have raised enough in terms of the rent to actually buy the TV.

It would be better to try and save your way to buying the luxurious items that you want. This will also help you be in control of your spending habit through delayed gratification.

Boost Your Income

Despite trying to minimize costs, you might still find yourself struggling to make ends meet. While taking out a loan is an option for the short run, it shouldn’t be your only alternative. Try and diversify your income sources and make the most of allowances and employment benefits.

You can start by adjusting your tax withholding if you typically get a tax refund. On the other hand, you should also look to sign up to the right company benefits to maximize income. The best alternative would be to try out for another job to help fill the deficit.

Conclusion

Living beyond your means can only breed financial turmoil. The only way to be financially free is to take control of your finances. Consider the insights above while saving for the future to be prepared for any inevitable emergencies.

9 Best Expense Management Practices for Enterprises

When it comes to managing company finances, keeping the best practices in mind is crucial. Managing company spending is vital; therefore, executives should have knowledge about the best financial practices to make strategic business decisions. Organizations need to have the right tools in place and switch manual process to automation. Automating expense report process will save time filing &organizing expenses and importing accounts into accounting software. This article is intended to help businesses make strategic decisions about expense management.

Define Pre-approvals

Mandating approvals prior to making trips will lower the risk of overspend and fraud. Also, employees should not have unlimited access to corporate cards to make purchases. However, some employees may feel restricted when closely monitored. The solution must involve a pre-approval process along with controlling the employee spending. Administrator can set specific budgets to each employee. When employees need access to funds, they are required to take approval from admin for the amount and clearly state what the expense is for.  Administrator can review the request and either accept or deny. The pre-approval process can prevent overspending and fraud while controlling employee spending.

Expenses should be incurred while performing services as an employee. All the expenses must be submitted promptly. Overpayment should be returned in a timely manner and any excess reimbursements must be repaid to the employer in a reasonable time.

Company Card Strategy

Today corporate card programs are competitive; many of them offer various financial and operational benefits:

  • Incentives and rebates for purchases
  • Corporate cards minimize the cost of handling expense reports. By integrating corporate card data into T & E system, there is no need for employees to rekey their expenses and data is accurately captured.
  • Companies don’t require a receipt for anything under the specified threshold amount if corporate card is used for the transaction. This eliminates the time employees spend in creating expense reports.
  • Corporate card usage minimizes the number of falsified receipts. Since all the transactions are made through the card, the chance to submit a fake receipt is very minimal.

Policy Automation

Before automating the process, organizations used to conduct an intensive audit process to review the accounts payable process. This requires you to spend at least three full-time employees in reviewing the expense reports. By enforcing expense policy compliance through the rules engine, all the expenses are validated against corporate expense policy and other billable policies.

With automation, when an employee enters an expense that does not comply with the policy, the expense item is flagged. The employee is asked to provide an explanation or reasons for out of policy spending, based on which approvers may approve or reject. Certain expenses can be marked as personal, which can be deducted from out-of-pocket reimbursement. With corporate cards, employee spending can be monitored in the real-time.

Approval Process

The best practice is to always set business rules by roles, delegations and responsibilities when approving funds for spending. Approval workflows can be defined based on the hierarchy, expense threshold, attributes and other criteria. The approval process can be two-four levels, too many levels makes the process complex. Organizations prefer accounts payable department to be the final reviewer before importing the approved reports to the financial system for processing payments. Expense report software allows you to quickly approve expenses through the mobile app.

Eliminate Fraudulent Spending

Businesses rely on audits from the accounts payable department. The accounts payable department should not spend much time in ensuring business expenses are not misused. However, expense fraud can be easily accomplished. The following are some areas to look out for:

  • Excessive tips
  • Reporting international expenses
  • Entertainment expenses
  • Per diems based on the statutory requirements

Most companies go through the process of hiring financial personnel just to account employee expenses. Automated expense report software such as SutiExpense securely monitors employee spending in the real-time. Employees can only spend the allocated amount when on business travel. Expense software securely monitors the employee spending in the real-time. Expense reporting is meticulous to work without an automated expense system.

Educate

Companies need to educate employees about policies and provide them with boundaries. The following are a few ways to control employee spending and the risk of fraud:

  • Card limits and budgets
  • Record employee transactions and view as it happens in the real-time
  • Automatic reports avoids data entry

What You Need to Know About Payday Loans

You’re not going to be purchasing one of the Toronto homes for sale with a payday loan – these loans are for the short term, frequently used by those who need to get through a rough financial spot. But there are very few situations in which they’re actually a good idea. Companies make money off the fact that people are desperate to borrow even just a small sum to make it through their next payday.

To get the loan, the borrower can apply online, on the phone or visit a store. They must have a checking account, phone number, proof of income and valid ID. The borrower, once approved, writes a check to the business for the amount they want (usually up to $500) plus the fees and gives the lender authorization to debit the funds from their bank account on their next payday, typically two to four weeks. If it’s all paid back by that date, it’s done, but if the borrower doesn’t have all the money, they may extend or renew the loan.

Very High Interest Rates and Fees

 

The interest rates on payday loans are extremely high, with the exact amount depending on where you plan to take the loan out. In some states, like Ohio, Utah, Idaho, Virginia, Texas and Nevada, that rate is nearly 700 percent, according to CNBC. They cost more in interest in just one month than a credit card would in an entire year.

There can be other penalties too – if the company deposits your check and you don’t have the funds to cover it, you’ll get hit with a nonsufficient funds fee too. One study by the Consumer Financial Protection Bureau revealed that four out of five payday loans are renewed within 14 days, which means the borrower is paying even more in fees that the amount of the original loan.

Loan Shark-like Tactics

 

Borrowers that don’t read all the fine print may be rather unpleasantly surprised if they find themselves unable to pay the loan back. Lenders can and do pursue all legal options, including all sorts of harsh collection tactics. They may sue in civil court and garnish wages or bank accounts. Borrowers can be under serious threat of financial ruin when it comes to paying back the high-interest loans.

Credit Score Damage

 

While a payday loan is unlikely to show up on a credit report, odds are it will if it is turned over to collections, damaging one’s credit score.

Don’t Be Fooled

Using payday loans regularly is a huge red flag that there is a serious financial problem that needs to be dealt with before it digs the borrower into an even deeper hole. After you take one out, the payday loan company will usually try to win your business again by offering increasingly larger loans. Don’t be fooled – they’re never a good deal. Instead, take control of your finances now, before it’s too late.