Must-Know Money Tips for Freelancers & Independent Contractors

Being an independent contractor or freelancer has its benefits: after all, you get to run your own business and retain control over your work day. You can become a digital nomad or create your own home office. However, it does have its drawbacks, and come tax time, you might find yourself struggling to make sense of your financial situation.

Determining Your Deductions

There are many ways you can minimize the amount of money you owe the IRS. Unfortunately, not everyone takes advantage of these deductions. Your tax deductions can include office space, office supplies, health insurance, travel expenses, hardware, software, internet and phone bills, professional development, and research materials. Essentially, anything you do that helps your job can be tax deductible. Consider hiring a tax professional if you’re unsure about how to approach your deductions.

Make Documentation a Habit

You might be accustomed to tossing receipts and other documents when you get them, but you should make record-keeping a habit. As previously mentioned, there are endless possibilities for deductions, but determining and proving those deductions is another story entirely. Have a filing and/or scanning system that accounts for all of your receipts and business expenses. If you don’t already have an accountant, now is a good time to start speaking to one.

Open a Health Savings Account

Independent contractors don’t usually benefit from health insurance offerings. Because of this, they’re responsible for handling their own health needs, and a health savings account is a great way to spearhead this.

A health savings account (HSA) is a great way for self-employed individuals to save for healthcare costs and pay for healthcare expenses without tax penalties or liabilities. However, an HSA is only available if you don’t have access to other insurance options. As an independent contractor or freelancer, your options for healthcare include the Affordable Care Act, COBRA, or coverage under a spouse.

Put Money Aside for Taxes

A traditional, pay-rolled employee pays their share of FICA, a federal payroll contribution that goes towards social security tax and Medicare tax. But independent contractors are responsible for handling their own taxes because they are paid for services directly, and therefore don’t have their taxes and other benefits removed from their income. You’ll always pay income tax like everyone else, as well as a self-employment tax.

Start off by estimating how much you’ll need to pay for taxes at the end of the year. You should put away between 25% to 30% of your income to go towards income tax and self-employment tax. Ideally, you’re sending in payments every three months and paying your taxes as you go.

No matter how much you make, at the end of the year, you’ll owe a certain amount of money in taxes. Owing the IRS can be overwhelming and intimidating, and even more so as an independent contractor. This can be very tough for independent contractors on low salaries. For example, if you only bring in $35,000 per year, forking over $8,000 of it can feel like too much at once. If you owe taxes, you can opt for an IRS installment agreement to help you manage your payments.

Start a Solo 401(k)

Bigger companies offer a 401(K) to their employees, but as an independent contractor, you’re tasked with doing this yourself. Starting a Solo 401(K) puts your retirement funds into your own hands. With a self-employed (401)K, you can put in high contributions and still benefit from tax dedication. Your spouse can also contribute to the account.

With this setup, you can put away large sums of money and benefit from much higher tax deductions. These plans also circumvent the the complex rules associated with traditional corporate 401(k)s, offering many investment opportunities Accountants can choose between after-tax Roth contributions or traditional tax-deductible contributions

The Complete 2020 Small Business Tax Preparation Checklist

55% of small business owners were motivated to open their own business because they wanted to be their boss. As the boss, you have to handle major responsibilities such as filing taxes. Tax preparation for small businesses varies, so it is important to know the facts.

Read our complete small business tax preparation checklist.

Know the Deadlines

To get ahead on small business tax preparation, you need to know the deadlines. Deadlines for small businesses can depend on the type of business and how you handle legal manners.

A lot of small businesses will have the same deadlines as individuals, but some have random dates. Those set up as an S corporation have returns due in March while C corporations have a deadline in April.

Get All of the Forms

The forms will also depend on the business you have. In tax preparation, you need to figure out what forms you need.

Generally, returns will include summary pages, schedules, and other details. These forms provide a look at the entire tax picture of your business. Small business finances will be considered with the forms.

These forms will help decide if the business qualifies for tax deductions. Some of the most common forms are Form 1040, Form 1120, and Form 1065.

Collect Records

You need to collect business records so that the IRS knows how much income the business brings in. The numbers you report will then be verified. This means you have to provide accurate information that can be physically documented.

The type of income will decide what documentation is acceptable. You should have gross receipt records, refund documentation, and interest and investment income. You can use a salary tax calculation to help you, see more here.

Get Business Expense Documentation

Your taxable income will decide what tax breaks are available. Small businesses have the opportunity to get a lot of tax breaks, but you need to prove you qualify.

Expense documentation can be receipts, but sometimes more proof is required. You may have to provide transportation, meals, entertainment, and insurance documentation too. Be sure this is done correctly to avoid issues down the road.

Send Information Returns

The certain information you need to provide to the IRS needs to be sent on time. You also need to ensure your business is receiving the returns you need.

If you do business with other parties, you will receive returns from them. These returns will include interest on loans, fees for services, or rent.

Small businesses with employees will need a W-2 form or a Form 1099. These forms will provide individuals with their income and deductions.

Ask For an Extension

If needed, you can ask for an extension. For small businesses, there is no negative outcome of getting an extension. They provide more time to make full returns.

An extension does need to be filed on a certain date. This date is usually before the original tax return is due. The extension is not for paying taxes, but for filing the return.

Small Business Tax Preparation Explained

Small business tax preparation will be different from individual tax returns. Filing a return can be a confusing process for first-timers. Follow this guide to ensure the small business taxes are filed correctly.

Your small business is counting on you, so keep coming back for more informing articles like this.

Benefits of Hiring A Professional Accountant

Whether a business is small or big, every business and businessmen needed to handle the accounts appropriately. So that they always have security from any mishappening ever occur in the future. An accountant will help you to manage your finance in the most appropriate, effective, and efficient manner. Whether you are a company owner or entrepreneurs or any freelancers, you all need to manage your accounts which is a crucial task present era. The future of the whole business relies on the proper management of funds and an excellent financial position. For coping with going concern rule, a firm must go with a professional accountant who is like a rock. A balance between the company and its place in the market will be there. Not only this, but an accountant is also burdened with the responsibility of thinking for the betterment of the concern always this helps the owners to take bit rest and focus on other crucial decisions waiting further. So it’s better to find a professional and experienced accountant as it has countless benefits.

Here are some benefits of hiring a professional accountant:-

  • Business planning and growth

Business is all about funds and financial requirements. A professional accountant will be proved as an asset when it comes to planning for the growth of the company. They know the channels of acquiring as well as investment better enough as they deal with the accounts of the organization daily. It just does not help the business to grow but also helps in good business plans to follow to acquire great results further.

  • Comprehensive accounting knowledge

Whether you are having a small, mid-size, or large organizations or business, you still need to maintain your accounts, well as it is essential for everyone. When you hire a professional chartered accountants to handle your accounts, they come up with their excellent knowledge and expertise, which makes them do the job most beneficially. They help you from basic to general like from proper bookkeeping, tax management as well as business advisers too. It makes them professional enough towards their job, which is beneficial for the business owners as well.

  • Expertise in taxation

For every business owner, the biggest hurdle or discrepancies that happen in their whole accounting system is improper tax knowledge and tax management. This hurdle can be rectified with the help of taking the professional help of an accountant who’s job revolves majorly around giving the best advice regarding taxation to its clients. They have excellent detailed knowledge regarding this which seems to be crucial for an owner.

  • Save time

As a saying is “time is money” it is just not money; it is more an opportunity for every small and big business enterprise. The hiring of professional accountants is one step towards growth and grabbing tremendous opportunities as they reduce the burden from the owner’s head so that they can easily focus on other more important things and decisions. Accounts or accounting need so much of time, focus, and attention which can’t be possible for everyone to give every time giving a timely check is different than being indulged in accounts always.

Fastest Growing Tech Jobs Through 2025

Many young people are still trying to choose their ideal career paths. A lot of older people are considering career changes as well. Many people have narrowed their options down to those in the technology sector. The appeal of working in STEM is clearly understandable. The technology profession is growing exponentially. There are more career options available than ever and this trend is expected to continue for the foreseeable future.

However, selecting the perfect job in the technology profession can still be quite a challenge. Part of the problem is that there are so many technology jobs to choose from and opportunities vary considerably. The breadth of new employment opportunities in the technology field is growing every year.

If you are interested in working in technology, then you need to be informed about your options. You should focus on choosing a career with great job security and financial stability. These companies tend to be the fastest growing.

What Are the Best Careers for People Interested in Tech?

You need to do a lot to get a career in tech. You need to learn the right skills and master the best applications, such as JFrog. You also need to know your options and choose your career wisely.

Here are some of the fastest growing technology jobs for the next few years.

Database administrator

Indeed.com rates database administrators as one of the fastest growing technology jobs in the United States. The company projects that the demand for these jobs is going to grow 15% within the next two years.

One of the great things about pursuing a career as a database administrator is that you don’t have to be a technology genius. You obviously need some strong technology skills, but they are not as complex as those required by more advanced computer science professionals. You can get a career as a database administrator with just a bachelor’s degree in management information systems, which is not nearly as rigorous or mathematically intensive as a computer science degree.

You can get a career as a database administrator with just a bachelor’s degree in management information systems (MIS), which is not nearly as rigorous or mathematically intensive as a computer science degree. You don’t need to take calculus level classes for these careers.

Machine learning engineers

Machine learning and artificial intelligence are becoming far more important in the years ahead. Countless companies in every industry are investing in technology. The market for artificial intelligence is expected to grow by 42.2% between 2020 and 2027.

The market for machine learning engineers is going to grow even faster than the market size for the technology itself. The number of new jobs increased nearly 350% between 2015 and 2018. It is likely to increase it even faster rate as market growth accelerates.

Software developers

Software development is an admittedly broad career, which encompasses a wide range of job opportunities for people with various technology skills. Software developers have different career paths and opportunities, depending on the programming languages that they are proficient with.

However, people considering a career and tech can still narrow down their options considerably by opting for a career as a software developer. Without accounting for specialties or programming language proficiencies, job growth is expected to be 26% until 2026.

Computer systems analyst

Computer systems analysts have a variety of responsibilities. They play an important role in the design of information systems and the solutions that make them more efficient. They also address a variety of concerns, such as digital security.

These professionals are somewhat multidisciplinary. In addition to having competencies in computer science, they also have a background in business.

The market for computer systems analysts is growing considerably. It is expected to grow 26% in the next two years alone.

Pursue the Tech Careers with the Greatest Promise

There are a number of great career options as a technology professional. You need to focus on those that offer the greatest job security, which means that the demand will increase in the near future. The jobs listed above are some of the most promising.

Why Saving for College is Important

According to the Bureau of Labor Statistics, the unemployment rate for people with a bachelor’s degree is roughly half that for those with just a high school diploma. The implication is clear: the better education a person has, the better their chances of finding successful employment.

But college isn’t cheap. Whether you’re a high school student with big plans for yourself or a new parent with big plans for your child, it’s important to start building up a college fund sooner rather than later. It’s a daunting task, one that takes a lot of forethought and, often, a good deal of sacrifice.

Before anyone can help you learn how to save for college, though, it’s important you understand why saving for college is so important.

A College Education is Expensive

As mentioned above, college isn’t cheap. You may think you know that already, but you may not realize just how expensive it is. According to recent U.S. News data, the average yearly cost of attending a public in-state college is $10,116, the yearly cost of a public out-of-state school is $22,577, and the yearly cost of a private college is $36,801. Between 2019 and 2020, most college tuitions increased by about 3-4%, a trend not likely to reverse any time soon.

Why is a college education so expensive? In part it’s because of how important they are in ensuring good employment opportunities. This increases demand, which in turn increases cost. More students requires hiring more instructors and other employees. And state funding programs simply can’t keep up.

Financial Aid is Not a Sure Thing

Thankfully, for many students who otherwise would not be able to attend college, there are numerous state and federal financial aid programs available, most notably grants and work-study programs. But just as many students find themselves in an uncomfortable gray area: their family’s income is too high to qualify them for aid, but too low to afford tuition out of pocket.

Additionally, some economists believe in an idea called “the Bennett hypothesis,” an idea put forth in 1987 by then-Secretary of Education William Bennett. While still debated in political circles, Bennett’s theory—which blames colleges for inflating tuition costs expressly to take advantage of federal financial aid—may have merit. According to the Federal Reserve Bank of New York, for every dollar the government adds to financial aid programs, the average tuition increases by 65 cents.

Student Loans Are a Burden

For students who don’t qualify for other forms of financial aid, the most common option comes in the form of federal, state, or private loans. While the first two are significantly preferable to the latter, though, the truth is that none of them are very good options in the long run.

The main reason is the most obvious one. That is, student loans by design cost more money than they provide. It’s advantageous to provide student loans, because growing interest rates mean that the loan provider will likely make all their money back later, plus a tidy profit. You or your loved one, meanwhile, will be stuck paying off that interest for decades. The Department of Education estimates that, on average, it takes students more than 20 years to get free of student debt.

Putting money aside for a college fund now might seem like an unnecessary expense, but it can actually save a lot of time, stress, and cash in the future. Don’t wait. Start saving today.

3 Reasons To Get Real Estate Investment Training

Can we all agree that investing in real estate has always been and will always be a smart financial decision? I bet you won’t find a soul to disagree with this. It’s not surprising to see that real estate investment is becoming more and more popular. There are quite a few good reasons for that, as explained by this useful source.

I think we can all agree on another fact as well. Not investing is much better than investing poorly. In the first instance, you gain nothing and you lose nothing. In the second scenario, though, you definitely don’t gain anything either, but you can actually lose quite a lot. What would you prefer out of those two?

They say that there’s no profit without taking risks and I must agree with that. Still, this doesn’t mean that you should take reckless risks. Smart risks are what matters and I am more than certain that you won’t know how to take any smart risks when real estate is in question unless you go through certain training programs to teach you.

Yes, you have definitely read that right. There are training programs designed to help you actually learn what you are doing when investing in real estate instead of simply going into the whole process blindly and hoping that everything will work out in your favor. Why not use these trainings to your advantage?

While I cannot tell you why you shouldn’t use these trainings to your advantage, I can definitely tell you why programs such as the one at https://realestateinvestingtrainingprogram.com/ and similar places can be rather useful to you. In other words, I’m here to give you a few reasons why you should get real estate investment training before actually starting to invest. Of course, you can take the trainings even if you have already started and you now feel stuck. Read on to figure out those reasons.

You Will Actually Learn To Make Smart Moves

Let’s get one thing out in the open. All the moves that you are making, or thinking of making, right now in your real estate career without any education are probably not that smart a moves. Sure, you can very well get a few things right and I’m not claiming that you won’t get any profit whatsoever. You could definitely earn some money in the process.

But! If you take the time to do the trainings, you will definitely be able to make much smarter moves. That doesn’t only mean less losses, but also higher profits. That’s the whole point of doing these investments, isn’t it? You want to get great profit and lose as little as possible, and that’s exactly what the trainings are designed to teach you.

You Will Make Less Mistakes

If you’re just getting started in the world of real estate, you are bound to make some mistakes here and there. Hey, nobody can know it all and even the experts can make erroneous judgements and poor choices from time to time. So, don’t let your mistakes discourage you from proceeding down this rather profitable path.

Yet, every professional needs to work towards minimizing those mistakes. There are a lot of reasons to invest in real estate, but there are also a lot of reasons to refrain from investing at particular situations and if you decide to go through the trainings that are offered, you will learn to differentiate between good and bad investment choices. Simply put, you will make a lot less mistakes, which only increases your chances of success.

You Will Get Motivated

I can think of a large number of people just from the top of my head who have thought of entering the real estate market at some point, but they all gave up for one reason or another. Most likely, they lacked motivation. When you enroll in certain training programs, you will definitely get motivated enough to go through with your investment plans, simply because you will be more confident in what you are doing and because you will be eager to see the results of your next move. In other words, you will never lack motivation to earn a profit this way, once you learn how to do it.

How Seniors Can Avoid Financial Scams and Fraud

Financial abuse inflicted upon older people is a problem that’s growing in scope and severity rather than improving. This trend is likely to maintain as the population of the U.S. ages.

Many studies have looked at the specific reasons older adults are more likely to be vulnerable to financial abuse and scams than younger people. There was one study with 26 subjects that found 13 had been the target of financial scams leading to loss of money.

Then, of those study participants, behavioral tests were administered looking at different areas of brain function like memory, personality, attention span, and mood.

Researchers also did MRIs on each study participant.

There were differences uncovered in the study participants who’d been the victim of financial scams and those who hadn’t.

For example, the MRI scans found differences in areas of the brain that could shed light on why some people are more vulnerable to financial scams as they age than others.

The following are things to know whether you’re an older adult or you’re concerned about your loved one being the victim of a financial scam or abuse.

Know the Different Types of Scams

Having an understanding of some of the different types of scams that may target seniors is a good starting point to protect yourself or your loved one.

A few examples include:

  • Medical or health insurance scams may have a criminal posing as a representative of Medicare or a health insurance company to get someone’s personal information.
  • Funeral and cemetery scams may take advantage of a grieving person who’s just lost their spouse. One example of these scams might involve claiming the deceased person had an outstanding debt that needs to be paid.
  • Investment schemes often target older people who are planning for retirement and want strategies to best manage their savings. There are scams like the pyramid scheme perpetrated by Bernie Madoff, but there are others as well.
  • Phishing emails don’t just target seniors—these scams are unfortunately very successful and pervasive. In a phishing email scam, you might be asked to verify personal information, and the email can look extremely legitimate. For example, the email might appear to be from the IRS. Then you provide your personal information which is stolen.
  • Reverse mortgage scams or other scams targeted at homeowners seek to take advantage of most people’s largest asset, which is their home.

Older adults lose an estimated $36 billion each year to fraud and scams.

Beyond the overtly financial scams listed above, many scammers will try to take advantage of some of those things that can come with age, including loneliness. For example, romantic scams are increasingly common.

An older person might meet someone online, and that person might ask them for money to cover things like medical emergencies.

A topic that’s especially relevant right now is scammers pretending to be the government and asking for personal or account information so they can send out economic relief or stimulus checks. The government won’t ask you for personal information in those cases.

There is something called a grandparent scam in which criminals pretend to be the grandchild of the victim, and they claim that the child needs money right away to help with an emergency. Then, the idea is that the grandparent would wire money to help their grandchild.

Who Commits Elder Financial Abuse?

There are criminals who target older adults with scams, but perhaps even scarier than that is the fact that around two-thirds of financial crimes directed at older adults are carried out by people they trust including caretakers, family members, friends, and attorneys.

How Can Seniors Protect Themselves?

Having a social network is one of the best ways to protect yourself or to help your loved one stay protected from financial scams.

Everyone needs a social network they can rely on, but especially older people. The more isolated an older person is, the more likely it is that someone will take advantage of them.

When seniors stay socially engaged they have people to talk about different financial topics with, and that can then provide them with feedback that may help them recognize a scam.

If you’re an older person, before you ever come to a point where you need it, you should go ahead and have a few people or at least one person that you do trust to help you with your finances when the time comes that you need that help.

You can create a power of attorney for the person, or set them as the successor trustee of your living trust.

When you have a team of people already in place that you trust, it leaves fewer opportunities for someone to take advantage of you.

Other tips to protect yourself against financial scams or help your loved one do so include:

  • Be aware of the risk from strangers, but also the people closest to you.
  • Don’t isolate yourself and stay involved with the community.
  • Never buy something from a company or organization you aren’t familiar with. If someone calls you and attempts to sell you something, ask them to send you information in writing.
  • You can visit the Do Not Call site to stop telemarketers from being able to contact you.
  • Be careful about the mail you receive. If you have a habit of letting mail sit in your mailbox, someone can steal it and use it to get your personal information in other ways.
  • Use direct deposit for your benefit checks, so they aren’t stolen if they come in the mail.
  • Don’t ever provide your personal information including banking, credit card, Medicare, or Social Security information over the phone unless you’re the one who made the call and you know you’re speaking to the right organization.

Finally, if you’re concerned about your loved one being the victim of financial scams, look for warning signs such as unpaid bills, or changes in the person’s accounts like sudden use of a credit card.

No Pain No Gain: 8 Real Estate Investing Risks to Familiarize Yourself With

Sometimes real estate can be a hit or miss. The industry is either doing fantastic or, other times, it might be struggling, head barely above water. But one thing is for certain: real estate is essential, and it’s here to stay no matter what the industry currently reflects.

That being said, if you’re interested in investing in real estate, you must understand the ins and outs of the industry. We recommend starting off familiarizing yourself with the following real estate investment risks, whether you’re looking to invest in commercial property or even in a residence.

1. Asset-Level Risk

Often, the overall demand for different types of housing plays a big role in whether or not a specific real estate investment is going to be risky or not. For example, even in bad economies, the demand for housing in an apartment complex is generally good. As for other types of housing, this may not always hold true.

2. Credit Risk

How long and how solid of an income property has can definitely affect its value and, therefore, its overall price.

3. General Market Risk

The real estate market is always going to fluctuate depending on numerous factors including current interest rates, inflation, deflation, and other various trends that often occur in the market, some of which are difficult to control or are even inevitable.

4. Idiosyncratic Risk

This has to do with the risk factor of a particular property. As an example, if a property is currently under construction or poses the danger that must be restored, it will be difficult, or even impossible, to rent out the property as it’s not in a currently livable condition. In this case, this property would be considered a risk to invest in.

5. Leverage Risk

How much debt is on the property you’re looking to invest in? The more debt it has, the riskier it is. In the case of a high leverage risk, investors may find themselves in deep financial trouble if they take a leap of faith and invest if they don’t fully understand the risk and work extra hard to ensure return on investments are greater than the property’s interest payments.

6. Replacement Cost Risk

There’s only so much and so far a property’s value can be driven up by the market before the building eventually becomes old, worn, and rugged and requires reconstruction to keep up with its competitors. What goes up must come back down eventually.

7. Structural Risk

What investment financial structure (mix of debt and equity) does a property have? And what rights does it offer? Out of everyone, it’s the equity holders who typically experience the most risk.

8. Liquidity Risk

The number of market participants can greatly affect the investment risk of a property. Even with poorer market conditions, there are some cities (particularly, those that are more populated and/or more wealthy) that are actively willing to participate in the real estate market.

Conclusion

If you truly want to succeed when investing in real estate, you must understand what the risks are. The more you know about the upsides and downsides of real estate, the better likelihood you’ll adapt to its ever-changing market and, ultimately, succeed.

Finding Landlords that Provide Second Chance Rentals

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Looking for an apartment to rent is a busy process full of many things like finding the right unit on UMoveFree, filling out an application and finding the right landlord. While finding a landlord willing to work with you should be easy for those with good credit and a solid renting history, the same can’t always be said for others. 

If you have a negative rental history due to a variety of missed payments, broken leases or other issues, some landlords may not want to rent to you. This can seem hopeless, but rest assured there are still options for you. One in particular is a second chance rental.

Second chance rentals are when a landlord is willing to give a “second chance” to someone with a negative past history of renting. But how do you go about finding landlords who are open to providing a second chance rental?

With that in mind, let’s go over a few tips to help you find landlords that can provide you with second chance rentals.

Be Open and Honest

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One of the first ways to find a landlord willing to work with you is to be honest. When speaking with potential landlords, be upfront and honest about your situation. Explain why your rental history and/or credit is as spotty as it is, and how you are looking to improve.

In addition to being honest, you should also be able to show progress that you have made to improve your situation. This will certainly help your case and make the landlord feel a little more comfortable. If you try to blame your bad rental history on others or anything but yourself, it is often a bad look. 

Also, it isn’t worth it trying to lie about your past. Even if there is no public data or information about your poor rental history, landlords can often identify warning signs that could out you. Instead of having to tiptoe around the truth, just come out and be honest. Sure, some landlords might deny you, but there is a good chance that you’ll eventually find one that will appreciate the honesty and be willing to take a chance.

Be Willing to Pay a Little More

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Another way that you can find a landlord willing to provide you with a second chance rental is to be willing to pay more. This could be offering to pay a higher amount in monthly rent, paying a larger security deposit or even paying a few months of rent upfront. By paying more, you are reducing the risk that the landlord has to take on. This can make them more willing to rent their unit to you instead of someone else.

However, while paying more can help, be sure that the landlord isn’t taking advantage of you. If a landlord is charging you an arm and a leg more simply because of your history, it is best to look elsewhere. It is a good idea to know the average rent in your city, and be aware of how much you can afford to spend comfortably.

Have a Cosigner

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Another great way to potentially convince landlords to work with you on a second chance rental is to find a cosigner. This is someone who will agree to take over making your rent payments if you are unable to for some reason. Most often, it is a friend or family member, but there are other avenues to find a cosigner, as well.

Having a cosigner can give landlords greater levels of confidence that rent will be paid on time. This is because they now have two people who have signed saying the rent will be paid, so there is a lower chance of missed payments. Of course, your cosigner should have decent credit and a good rental or borrowing history. If not, the landlord might still not be confident offering you a second chance.

Second chance rentals can be a lifesaver for those who have struggled in the past. Whether you be honest, be willing to pay more or get a cosigner, you should be able to find a landlord willing to provide a second chance rental.

Learn From the Best: Warren Buffett’s Timeless Investment Strategies

Any investor in their right mind would be thrilled to learn from the most successful investor of all-time.

Warren Buffett’s’ track record speaks for itself. Being worth nearly $82 billion, he is currently the fourth richest person in the world.

So how does someone create that massive amount of wealth? Through smart investments and a belief in yourself.

If you would like to learn from the best, keep reading to discover the Warren Buffett strategies that have made him such a successful investor over the years.

1. Diversify Your Portfolio

This may sound sort of like a broken record, but diversification is critical to long term success in the stock market.

Warren Buffett, on numerous occasions, has recommended that average investors or those without extensive experience invest in index funds to help them grow their portfolios. Index funds are designed to track the performance of a group of underlying stocks.

Diversifying will help when one or more stocks are declining; the others can help make up the difference and minimize losses.

Warren Buffett has specifically mentioned the S&P 500 as a low-cost index option.

Warren’s biggest holdings at Berkshire Hathaway include:

  • Apple

  • Coca-Cola

  • Bank of America

  • Kraft Heinz

  • And American Express

These companies are well diversified, being in different industries that have experienced immense growth.

However, if you have outstanding debt, its best to get that under control before investing your money in other places. If you are having a hard time paying off debt, consider debt consolidation alternatives.

2. Ignore the Noise

Like many other successful investors, tuning out the “noise” is part of the process. Noise can come from anywhere – the news, social media, friends, co-workers, etc.

Many of the stock “guru’s” that appear on TV had a successful investment that created their reputation. The problem is that many of them got lucky and was in the right place at the right time – not making them someone individuals should listen to for investment advice.

The best thing to do is to ignore the noise and stick to your plan. Getting caught up in the day to day news headlines can be one of the worst investment mistakes you make.

Listening to others will only get you caught up in a vicious cycle of cat and mouse – chasing to buy into stocks only to realize the gurus are unloading their shares on you, leaving you with a heavy bag.

3. Stick to a Long Term Plan

Sticking to a long term plan is one of Warren Buffett’s most prominent investment strategies. He says it time and time again – invest for the long term.

Many investors got burned this past march when the stock market had one of its worst days in history. They didn’t get burned by the stock market dropping. They got burned by pulling out or selling off their positions.

Now, those investors are left chasing higher prices because the stock market is hitting all-time highs.

This is an excellent example of how having a long term view in the stock market can work out in your favor.

Another thing that trips investors up in the stock market is trying to pick the stock that is going “to the moon” within a few days. The reality is that nobody knows where a stock is going in the short term, and you will be left very disappointed when the company turns out to be a dud.

Having a long term investing plan involves extensive research into the companies you plan on investing in.

One way he recommends developing a long term view is by thinking of yourself as buying a particular business instead of just buying a stock. Having this mentality will force you to consider all the scenarios that can happen.

Buying a Farm

In 1986 Warren bought a 400-acre farm for $280,000 after admitting he had no knowledge of running one. Fast forward to the present day, and the farm is now worth at least five times as much and has tripled its earnings.

Warren Buffett has referenced how buying stocks is like buying a farm on multiple occasions. The way he explains it is you wouldn’t buy a farm because you expect plentiful crops the next year. You would buy it expecting returns over the next 10, 20, 30 years.

He also mentioned if you had a neighboring farmer who every day shouted out a price to either buy his farm or sell yours – it should work to your advantage. If the price they yell out is low enough, you can purchase the farm. If it is high enough, you can sell or continue farming.

4. Keep the Costs Down

An investment tip anyone could benefit from is to minimize the costs associated with your investments. These costs could be from:

  • Taxes

  • Fees

  • Commissions

Part of the reason Buffett recommends buying into index funds is because of the lost cost fees associated with them. They don’t have the expenses that you would incur with many types of businesses.

Another thing to keep an eye out for is commissions. Although many brokerages have now introduced commission-free stock trades, there are still many brokers who charge a fee every time a stock is bought or sold. These fees can add up and take a large chunk of your earnings at the end of the year.

5. Invest in Yourself

Above all else, Warren Buffett’s number one piece of advice is to invest in yourself. By investing in yourself, you can focus on conquering your weaknesses and building new skills that will help you in the long term.

He also recommends reading books as often as possible. Similar to how compound interest works in the stock market, reading books can help you build knowledge over time.

Learning knowledge from books can give you excellent insights and can also allow you to think from different perspectives.

Interested in Learning More About Warren Buffett’s Strategies?

Investing in the stock market can reward you tremendously over the years if you are smart about your investments. Learning about these Warren Buffett strategies can help you get started generating returns.

To learn more about investment strategies, check out the rest of our blog!

When Is The Best and Worst Time To Use A Quick Cash Loan?

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Nowadays, there are several options you can turn to in case you need financial help. Many people take advantage of different loans to make ends meet or cover unexpected expenses. One option that they find most convenient is a quick cash loan.

As the name implies, it can provide a fast solution for your financial emergencies. But while it does help you alleviate a current financial need, getting a quick cash loan may not be beneficial to some situations. 

To help you utilize it appropriately, you can read further and learn when is the best and worst time to use a quick cash loan. 

How Does A Quick Cash Loan Work? 

Also known as an emergency or fast cash loan, a quick cash loan is specially designed to accommodate those people who need money right away to settle unexpected expenses. Most quick cash loans are unsecured, which means there’s no need for any collateral.

Typically, you will be approved based on your credit standing or capacity to make the monthly payment. You can borrow even if you have poor credit. This type of loan is short-term, which means you’re supposed to repay it within a short time. 

Most quick loans are completed electronically for a faster and more convenient process. Thus, if you need cash immediately, you can look for an online fast cash loan provider available near you. By completing a small application online and approval by a loan provider, you can get the money even within the day or hour. 

Types of Quick Cash Loans

There are different types of quick cash loans, but the following are good options to consider: 

 

Payday Loans

A payday loan is a short-term and quick loan that allows you to borrow a loan amount based on your current paycheck. Typically, you must repay the loan by your next payday. It should be noted, though, that every state has different regulations for payday lenders. Thus, the loan amount, fees, and term available to you may differ based on where you live. 

One of the downsides that you need to consider with payday loans is that they can lead to a debt trap. Many borrowers can easily find themselves stuck in a cycle of debt where they will continue taking out additional payday loans to pay off the old one. This type of loan is relatively easy to get, but the interest rates can be considerably high. 

 

Personal Loans 

Personal loans often have flexible purposes that you can use during emergencies. Depending on the personal loan you’re going to apply for, the lender may or may not require collateral. However, you may qualify for an unsecured personal loan if you have good credit. 

Personal loans have better interest rates than payday loans. Because these are also typically installment loans, you can pay it back over a predetermined period with a fixed interest rate. If you only need a small amount of money, you can also opt for a small personal loan. 

When Should You Consider It?

You can use a quick cash loan for short-term financial problems, which are expenses you didn’t expect but need to pay as soon as possible. Here are some of the best times that you can make the most of a quick cash loan.

 

Unexpected Job Loss

If you get terminated from your job unexpectedly and don’t have enough funds to get by, getting a quick cash loan can help you live off while looking for another job. However, it can still be too risky, especially if you cannot find another job as soon as possible. 

 

Vehicle Breakdown

Besides the usual maintenance cost of your car, there might be instances that you need to deal with an unexpected car repair bill. Unless you have a personal emergency fund, a quick cash loan can be a great help. 

 

House Repairs

Like cars, there are also house repairs that you might not expect to come at a particular time. Whether it’s a washing machine problem, a boiler breakdown, or damage caused by natural disasters, a quick cash loan can be a suitable option. 

When Should You Not Consider It?

Quick cash loans can be beneficial for emergencies. However, there are some situations when getting one won’t be helpful to your financial health. If you don’t want to face more financial troubles, you need to be mindful of when you should not consider taking out one. 

The following are some of the worst times to use a quick cash loan: 

 

Pay off Credit Card Debt

Using a quick cash loan to pay off credit card debt may not be a good idea since it only offers a solution for short-term emergencies. By doing so, your loan can be extended and may double or triple your fees since the interest rates can be significantly huge when calculated on an annual basis. 

 

Pay Utility Bills 

Paying your utility bills with a quick cash loan can be possible, but they may not be helpful in the long run. Since utility bills are something that you’re expected to pay every month, taking out a quick cash loan may bring more harm than good. If the amount of your utility bills always comes as a surprise, you might have to do something other than getting a quick loan. 

 

Non-Essential Purchases

Non-essential purchases include items or experiences, such as a holiday, that you can live without. Using a quick cash loan to pay for them can only cause or add to your debt burden, especially if you already have bad credit. 

Takeaway 

Quick cash loans can worsen one’s financial situation if they are misused. The purpose of the loan is intended for short-term financial emergencies. Thus, using one for long-term financial problems may not be helpful at all. 

Secure These Necessary Requirements To Have A Successful RV Financing

There’s a sense of liberty and freedom when you are traveling and enjoying the sight around you, which is why it is not surprising that there are individuals who found a liking to RVs or motorhomes. 

But let’s be honest about it. Starting a new lifestyle, such as RVing, is expensive. RV purchase, for one, costs a significant amount of money, not to mention the daily living expenses and maintenance of the vehicle. However, with all these drawbacks, there are still people who are interested in getting one. If you are one of these individuals, you might be wondering what you should prepare, how much money should you secure, or if you qualify for an RV financing? 

Every inquiry and question regarding requirements to secure a successful RV financing will be answered in this article. Read on and learn more about RV financing basics and what you should prepare to get a great deal and start living a life on the road. 

RV Financing Basic Requirements

Like any other financing, like home and car financing, RV financing is not different at all. Lenders, such as banks and private institutions, require interested applicants to submit all the requirements to be approved for their loan. 

These set of questions will help you prepare all the requirements for your RV loan. 

How Much Money Should You Prepare? 

Your budget is the most crucial requirement to secure your RV loan. If you can prepare a budget to secure the 10% downpayment, usually the base amount of any lenders, you can proceed in filing for an RV financing. But it’s best to remember that some financing requires a 20% downpayment, too. The logic still follows that the bigger the down payment, the smaller amount of repayments you’ll have monthly. 

You can check RV loans with My Financing USA as they offer flexible payment terms you can negotiate with, as well as what your preferred down payment is. Sometimes, it matters how compromising your chosen lender is with your loan application

What RV You Should Get?

This is an essential factor as well as this will be the basis of your budget. There are various types of RVs, and they fall into three categories. 

Class A as the most expensive one, ranging up to $1 million or more. Class B and C follow, with an estimate of $100,000 to $150,000. Affordable towable conventional travel trailers and truck campers range from $6,000 to $90,000. 

You must determine during the early stage of decision making the usage frequency of the vehicle. Are you going to use it on a weekend camping basis only? Or are you planning to be a permanent resident? The answer will determine what type of RV suits your chosen lifestyle. 

Where To File An RV Loan? 

The striking thing in applying for an RV loan even though it is perceived to be an expensive type of loan is there are a lot of lenders that offer RV financing now. Even more so, applicants with a bad credit score can even be eligible to apply for one. 

Usually, lenders require applicants to have a high credit score of at least 600 and up to be approved with an RV loan. This is because applicants will likely get to enjoy better payment terms, benefits, and fast loan approval. 

If you are determined to secure an RV loan, it’s better to build up and establish a good credit score now. RV loan takes up to 20 years of repayment, and it’s a big responsibility that many lenders want to be assured of. 

What Is The Required Credit Score? 

As mentioned before, many lenders will require at least a credit score of 650 to 700. People who have been living for a long time in their RVs emphasize that a good credit score of 750 is excellent for securing a loan

Like any other loan, credit score has a significant impact on how big the loan amount you will receive. It has something to do with how much your interest rate will be, your qualification, and the term length. 

All of these factors are taken into account based on your credit score status. In order to have better odds of financing your dream RV, it is best to establish a good credit score before applying for an RV loan

RV Financing Necessary Documents 

Now you know the basic requirements in securing an RV loan, the next thing you need to do is to familiarize and read all the presented documents carefully during the transaction. Different documents will be presented to you, and these documents will contain specific and detailed information on your loan. 

The most common documents that you will encounter are the Bill of Sales or Purchase Agreement from the RV dealership and the Loan Agreement Document from your lender.

After your RV loan is approved, you need to study the loan agreement document carefully. The loan agreement document is by far the most vital document you need to read thoroughly. This contains all the necessary information about your loan, the payment terms, the loan duration, the loan amount you have been granted, and other private and sensitive information. 

This agreement also contains grounds and promises made by two parties, the “lender” and the “borrower.” It’s a complex document bound to protect both parties in case there are unnecessary and unprecedented situations that arise over the loan term.

Takeaway

Starting a new lifestyle, such as RVing, is a liberating move that everyone might dream of. But it also entails a lot of responsibility and takes a long process to make it happen. There are requirements that you need to pass and get approved before you finally start living a life on the road. 

Moreover, taking out an RV loan is expensive. If you can’t handle the repayment schedule or meet the loan terms, better think twice before you damage your credit score. Living a different lifestyle is intimidating, but if it’s your life’s dream, you can make it happen. Be wise and smart with your decisions.

 

Author’s bio: 

Lauren is a free-spirited writer who spends most of her time on the road with her RV. She finds solitude constantly being in a different place and watching different sceneries. Now, Lauren stays near the lake and spends her downtime reading books and finishing her other articles.

Top 3 Fastest Ways to Build Credit

Are you trying to build your credit score? Perhaps you’re trying to buy a new car or a house or you’re looking for a loan on better terms? Then you might be interested in learning the fastest ways to build credit.

Having a great credit score can help you not just in the short term – getting a better deal on your latest purchase – but also in the long term. A good credit score can go along way and can even help you psychologically and with your self worth as you start to appreciate the value of money.

Here’s everything you need to know about how to build credit.

1. Spend and Pay It Back Straight Away

One of the fastest ways to improve your credit score is to take out a consumer credit card and to do all of your everyday spending on this. But be prepared to pay it back as soon as you’ve spent it. The digital banking revolution means you can even integrate your credit card into your bank so you can see how much you owe.

Never spend more than what is in your checking account at any one time. Be disciplined. Don’t go overboard.

Certain credit cards can also provide you with perks such as flight Airmiles or credit with your favorite retailer. If you are savvy at this you can order a card for each different store or brand you use and work out what is the best deal for each spend you do in terms of the perks and rewards.

2. Take Out Different Types of Credit

You can also consider taking out different types of credit. Don’t just take out credit cards and spend and pay these back. You could also consider short term loans, finance for cars, and even loans from the bank.

Even a phone contract counts towards your credit score because it is dependent on you being able to pay it off every month. Try not to be late with your phone contract, though, if you can afford it, consider upgrading.

The average American has $38,000 in debts but this might not be a bad thing. It might seem nonsensical but if you avoid debt all together it will count against you. You are seen as more of a risk and credit scoring companies will have no data on you.

Remember that although repossession can damage your credit score there is a way to deal with this and come back from it. Be sure to read this for more information. This is how to build credit.

3. Hire a Financial Advisor

The best way to improve your credit score and to hit your financial goals is to hire a financial advisor.

They are experts in the financial world and they will be able to tell you what you need to do to improve your credit score. Not only that they might also be able to offer you some hints and tips to improve your financial standing going forward. Be sure to ask them how to improve a bad credit score.

What are the Fastest Ways to Build Credit? Spend Wisley But Not Too Well

The fastest way to build credit is to spend not to save. But to spend wisely. Get as many credit cards as you can but pay back the cards straight away with funds from your checking account.

Also, consider getting lots of different types of loans to diversify your standing in the eyes of credit scoring companies.

If you are interested in the fastest ways to build credit then be sure to check out the rest of our site.

Beginner’s Guide to Understanding Section 1031 Exchange Investments

There’s something that people who are involved in the real state (or interested in it) should know about, and that is the section 1031 exchange investments, and how they work. There’s a lot to understand about the section 1031 exchange before trying it, since making a mistake or misunderstanding something about it might lead to unpleasant results.

First, let’s properly describe what this is all about. We can first begin by saying that this section 1031 exchange is a section of the internal revenue code of the United States, and focuses on how is possible for a taxpayer to defer capital gain taxes during an exchange of property, and this process is referred as a 1031 exchange. 

The process is so well known by the world of real-estate, to the point of people using it as an adverb, and saying things like “Let’s 1031 one of these buildings”, and before, it was recognized by traders all around the world, considering that not long ago, this type of procedure was used in exchanges of many types of goods.

These goods included plenty of different types of property, but now solely focuses on real estate properties, as portrayed in the Tax Cuts and Jobs Act of 2017. 

Before that, you could trade with stocks, precious metals, and other types of goods. Nowadays, only real estate properties are available for it, but there are some rules to follow before are able to defer capital gain taxes. 

Capital gain tax is a type of tax (or fee) imposed by the government during exchanges or trades that are profitable, and it’s usually calculated by considering the initial price of the asset and the actual selling price. In case you want more detailed information about it, you can visit this website here

There are two types of capital gain taxes, short-term taxes that are applied to assets and properties owned for less than a year, and long-term taxes applied for those properties owned for more than a year. Shor-term capital gain taxes tend to be higher in comparison to long-term taxes, and this is done to maintain control of volatility of stocks and property assets.

When 1031 Is Appliable

There are some rules to follow when it comes to these types of exchanges, but the most important one is that the properties that are being exchanged require to be of the same type, no matter if the quality or value of both properties is different in level. 

The properties will also be required to be used or held for productive purposes, business- related goals, or investment.

Real estate properties inside the United States and properties in other countries, although similar are not considered the same, though. One of the rules that have to be followed for two properties to be considered equally (or of the same kind) is that they need to belong to one of the states inside the U.S.

You can get even more specific information about these rules here https://en.wikipedia.org/wiki/Internal_Revenue_Code_section_1031

In case these rules are not followed, the capital gain tax will be applied. The amount that will be paid will depend heavily on two things: how much time you owned the property, and how much you will be profiting from the sell or exchange. 

These taxes might differ, but can go from 0% to 15 and 20% depending on the type of asset/property, how long you have owned it, and the amount of profit you’ll get from selling it or exchanging it from another profit. As long as your property and the target are selectable for the revenue code section 1031, you might be able to avoid this tax. But remember, from 2018 to this day, only real estate properties are selectable for such benefits.

For other types of assets that can be considered as tradeable/salable goods, like jewelry, the rules are pretty similar, but might diff depending on the good, so I recommend you to do your research beforehand.

As a last advice, If you are interested in the whole 1031 exchange investment, and you are part of the real-state community interested in exchanging properties, you should first 

check it with a legal professional before making any decision.

5 Types of Trading Every Stock Market Beginner Needs to Know

As a beginner investor, the stock market provides an opportunity to experience the market and what it entails. But do you understand how stock markets work? Can you compete effectively with the bigwigs in the industry?

Those are some of the stock market basics every beginner should answer before commencing on these types of trading. You cannot start playing with your finances before knowing more about stock investing. And if you don’t know, the stock market is very complicated and fun at the same time.

The stock market can be a lucrative way to build your net worth, but only if you understand the risks and you approach it with discipline. There is a lot to learn in stock market investing, but today we’re going to focus on the five types of trading.

Let’s see what all these entail.

1. Day Trading

With the risks involved in stock trading, some people do not want to hold positions overnight, lest they lose everything. That’s why they engage in the type of stock trading called day trading where they buy and sell the same day.

Day trading simply means closing out trades before the close of the market. The investors hold positions for hours, minutes, or even seconds. Some people glamorize this kind of stock trading as a get rich quick type of investing.

However, day trading is not really a get rich quick scheme. Like any type of investing, it takes risks and requires a high level of discipline. Day traders are exposed to financial losses, and it might take you time before you start making a profit.

This type of trading is mostly done by specialists in the stock market or market makers. Novice traders are also creeping in thanks to the rise of electronic trading.

2. Scalping Types of Trading

Like day trading, scalping tends to hold the position for a short time hence reducing the risks involved in stock trading. But this doesn’t mean that there are no risks involved. And without discipline, this type of trading won’t work for you either.

Scalping traders tend to look for even the slightest gap occurring due to bid-ask spreads. This is another one of the stock market strategies that involve buying or making the spread at a bid price and selling at the asking price. The traders then benefit from the difference between these two price points.

The trading method involves taking advantage of small moves that take place more often and smaller volumes occurring now and then. The profit here is based on small moves in the prices of stocks. It takes expert skill to master scalping tactics, but if you get excited by the adrenaline rush, you can still try it out.

3. Position Trading

Position trading is the opposite of the above types of trading. This is where the stock trader participates in what is called buy-and-hold stock trading strategies. This type of trading is not active trading, though advanced traders can make it one.

When you participate in position trading, you’ll want to study the market trends for days or months before you can trade your stocks. Depending on the market situation, you can hold your shares for up to seven days, seven weeks, or a couple of months.

During this period, the traders study the higher highs or lower highs until they reach the trend considered secure. The aim is to benefit from the upside and downside trend of market movement. The trading is about the direction of the market and not price levels.

When the market appears more established, that is the time when trend traders jump in. They stay in position as long as the trend lasts, but as soon as it breaks, they exit positions. The high market volatility means difficulty in trend trading; hence, fewer people hold positions to avoid the risks.

4. Options Trading

Investors use options trading to increase their returns or manage risks involved in the stock business. Options speculate in the direction of the market.

So, how do options work in trading? Option values are derived from the value of the underlying security stock, meaning they’re financial derivatives.

For every option purchase, there’s always a seller involved in the other end of the coin. Options come in either puts or calls with different risks depending on whether you’re buying or selling.

When you buy the call option, you have the right (not obligation) to set the strike price before the expiry. If you go for the put option, you have the right (not obligation) to sell at the strike price before the expiry date. Selling these options is what creates security in this type of trading.

5. Arbitrage Trading

Arbitrage trading is another way of how to trade stocks. It involves the simultaneous buying and selling of assets. The intention is to enjoy the price differences that occur from similar financial instruments of different markets.

Arbitrage comes as a result of inefficiencies in the market. It acts as a shield against price deviation up to an unfair value over an extended period.

This type of stock trading seems quite simple, and many people consider it an easy way to make money. However, this is not the case at all times because the advancement of technology has complicated things. It’s now hard to profit due to the possibility of mispricing the market.

Traders have employed mechanisms that computerize their trading systems and keep a close watch on market fluctuations. If anything, the issues get resolved quickly, and the opportunity for investors to benefit is eliminated. But you never know, loopholes here and there are unavoidable, and that’s where stock traders creep in.

Are You Ready for Stock Trading?

There are many types of trading that beginners looking to learn how to invest in stocks should know. One of the crucial things you should consider before indulging in stock market trading is your availability, patience, and the ability to stomach risks involved.

When it comes to things involving your finances, you have to carry out all the research and weigh all possibilities of benefits and risks. The benefits and risks evaluation doesn’t end with stock trading but every financial aspect of your personal and business life.

Did you enjoy this post? Read our other blogs on this site learn everything involving finances.

The rise of Cryptocurrency – the future of online casino?

Something happened in 1985 that changed the way people played games. The first one armed bandit machine, known as the Liberty Bell, was introduced to bars and casinos. People love it, and were quick to start playing whenever they could. Charles Fey was the man who invented the Liberty Bell, and it made him rich and famous. But even he, who had such foresight in so many ways, could never have predicted what his relatively simple invention would go on to become.

Today, slot machines – which is what the one armed bandit type games morphed into – are unrecognisable from the past. Although the game is the same (and won’t be changed because this is the element that people love the most) the look of the machines and the way the game is played has changed dramatically. From the mechanical slots of the past to the video slots to online slots, a lot has changed and a lot has remained the same. 

Slots have to advance though. It would be unlikely that any of the original games would be of interest to those in a casino if they hadn’t changed. Other bright lights and buzzing sounds would have caught their eye, and the slots from freeslotsites would have faded away. By keeping up with the trends, more people will want to play, and that is the key. 

One of the latest trends to come into the world of slots is the ability to pay with cryptocurrency. It’s not widespread as yet, but there seems to be no reasons why it wouldn’t be. Let’s look a little more closely into the reasons behind it all. 

What Is Cryptocurrency?

Everyone has heard of bitcoin; it made a lot of people very rich literally overnight not so long ago, and it was in the news a lot. Bitcoin is a type of cryptocurrency (one of many different ones). Cryptocurrency has no physical coin or notes to use – everything is virtual, transactions take place through the cloud. It’s a universal currency, so it’s not controlled by just one government, and that means it’s easy to use since there are no exchange rates to think about. If you pay in a cryptocurrency, you get a cryptocurrency’s worth of goods no matter where you are paying or where you are located. 

Cryptocurrency is, as the name suggests, highly encrypted, and therefore it is far more difficult for hackers and online thieves to get into anyone’s e-wallet than it is for them to get into someone’s bank account. Gamblers feel a lot safer using cryptocurrency than any other payment method. It’s why it is one of the favourite ways to pay for a lot of early adopters, and since it is being rolled out across lots of different platforms, it seems inevitable that slots will be next. 

It is also anonymous. There is no need to include name and address when playing by cryptocurrency. Again, this makes people feel that much safer when it comes to paying for anything online, or leaving their contact details where potentially identity thieves could find them. 

Using Cryptocurrency at Online Casinos

Being able to use cryptocurrency at an online casino to play slots, roulette, or any other kind of casino game is not something you’ll have to wait too long to be able to do. The fact is, some online casinos are already allowing this kind of transaction to take place, and it is likely that more and more will soon follow suit. When it comes to the future of the online casino, cryptocurrency is shining bright.

Do You Have Bad Credit? Here’s What You Need To Know When Renting An Apartment!

Bad Credit Is A Bit Of An Illusion
What is “credit” really? It’s a score that basically means if you’re on the high end, you can get loans without as much collateral. If you’re on the low end, you still get loans, they’re just at incredibly high interest rates so the companies who make the loans earn their bottom line back. If you’ve got terrible credit, you’ve got to go outside conventional channels.

Here’s the thing: if you’re simply willing to live beneath your means, you never have to worry about credit. Why? Well, you’ve always got money in the bank, you don’t have any debt, and what purchases you can’t make outright can be strengthened by a co-signer on a loan. However, these things don’t do you much good if rental is denied for bad credit, do they?

In that situation, you’ve got other things to consider. Many who need to rent an apartment don’t have credit which passes the application process. What can you do to get around such difficulties? In this writing, we’ll briefly cover several alternatives to help you understand what you can do, and how best to contend with a low credit situation.

https://pixabay.com/illustrations/house-home-ownership-domestic-2368389/

1. Pay More Up-Front And Monthly
Landlords have to make a profit. What they’re going to do, if they can, is protect their bottom line. This is why you have to pay the first month’s rent, last month’s rent, and a wear-and-tear deposit up front. At bare minimum, if you turn out to be a “lemon” for the landlord, they get two months’ good rent from you before they’ve got to list the unit again.

Well, if you’ve got bad credit, you can assuage the landlord’s fears by paying a larger deposit fee, larger rent, or maybe between three and four months up front. Some landlords will let you pay a year’s rent up front, which may allow you to get a decent price with bad credit on a unit. However, some landlords are leery of tenants like that.

If you’ve got bad credit through no fault of your own, you’ve got latitude should you have steady income and a bank account which can be used to demonstrate as much. All you’ve got to do is prove you make enough money to cover rent every month, and then some. Savvy landlords understand “credit” is nebulous, and credit reporting agencies make mistakes.

If you have perfect credit, then stop doing anything which builds or eliminates credit for about seven years, your credit score will reset—after all, in the eyes of the credit agencies, you could be dead! So they reset you, and you have no credit whatever. This can give you rental woes. A solid bank account shows you’re in good shape.

https://pixabay.com/illustrations/no-money-poor-money-no-crisis-2070384/

2. Get A Co-Signer
A co-signer takes some of the credit “burden”. The landlord has a legal document which binds them to pay your fees if you end up being unable to. Accordingly, they can rest easy that they’ll get the money necessary to keep them in business. This isn’t the most convenient option, but if you know somebody who has good credit and is willing, it may be wise.

3. Use Local Resource To Find Different Rental Alternatives
There are local resources designed specifically to help those with poor credit get a decent apartment. Look into these. Ask around. See if there are low-income housing options, or housing assistance solutions. Also, mainstream websites can offer all sorts of options for those with low credit—even top-tier apartments.

Dallas, TX is a city that’s doing well despite the absolutely unprecedented times in which we live. If you’ve got bad credit, there are still ways to get good living appointments here—just look at these downtown Dallas apartments; some of which even include high rises and lofts. You can get options here that match your desires even if your credit isn’t quite perfect.

https://pixabay.com/illustrations/approved-finance-business-loan-1049259/

4. Seek secondary Rental Situations
Not all landlords rent apartment units out of traditional apartment blocks. Did you know private home owners also sell such solutions? It’s true! You may be able to rent a room in a basement, or a room in an outbuilding on a property. Such landlords as those who are homeowners and just seeking to supplement income don’t always examine credit closely.

Finding Options That Fit Your Needs Despite The Situation
There are always options for renters with the money and diligence to seek until they find. Look into secondary rental situations, co-signers, paying more up front, and using local resources to expand the selection you’re able to examine. Bad credit can be hard, but it doesn’t have to be what keeps you from getting a roof over your head.

All Benefits Of Selling A House For Cash!

An Ideal Situation
Most homes are too expensive to be sold for cash, but there is no home so valuable that this is totally out of the question; it’s just a lot more unlikely once a property’s value gets higher than $100,000; if for nothing else than the difficulty of acquiring such large sums.

Even so, there are options there as well. It all depends on your property, your neighborhood, and the market where you’re selling. If you can emphasize a cash sale in terms of property, there are advantages worth considering. Following we’ll briefly go over a few of these advantages to help give you an idea of what you can look forward to.

A Greater Likelihood The Sale Will Be Successfully Completed
If someone is paying through a bank loan, that can take time. Additionally, layers of complexity are added to the transaction. Think about it critically. What’s a more elegant machine; one with more moving parts, or less moving parts? A non-cash transaction has “more moving parts” than one which transpires through simple cash exchange.

When you can eliminate those unnecessary steps, then you’re a lot more likely to see the sale completed. The more complicated the transaction, the more opportunity there is for the sale to fall through. Reducing “moving parts” is better for the financial “engineering” of your home sale.

Available Cash On-Hand Which Can Be Discretionarily Used
When you do a cash sale of a property, suddenly you’ve got whatever the value of the home was available in cash. Liquid cash. You can do what you want with it. The only way it’s traceable is through the transmission of the deed, but that can be done at the discretion of the seller for no cash whatever. The point is: you can do what you want with that cash.

Faster Sales And A Simplified Overall Process
Because there are fewer financial “moving parts”, that means that complication in the sales process is reduced. As a result, from the time somebody peruses a home, to the time they decide to buy, if you go the cash route, it doesn’t take as long. Of course, you do want to be careful how your list makes your property stands out to cash buyers.

This website can help you get a little more insight into the best tactics in terms of listing the property to see that sort of outcome. There’s a lot involved regarding how to list your house for sale; it’s best to use resources like those in the hyperlink to help avoid common pitfalls of the process.

As-Is Cash Sales Eliminate Repair Needs
If you’re selling a house to someone who is going to mortgage it through the bank, because they’ve got a lot of money on the line, and they know they’ll be in debt for a while, one of their negotiation tactics will involve compelling you into fixing certain architectural issues of the property before they sign on the dotted line.

When you don’t have a cash buyer, such a contention can be weighty, and compel you into fixing issues before being able to move a given property. However, if you go the as-is route and seek a cash sale, that issue disappears. If they have a qualm, say: “Well, this property is being sold for cash as-is.”

Now you might have to take a slight hit in terms of the price at which you can move the property. However, collaterally, there’s an advantage here. You get the money immediately, and you can put it to use accordingly. A good way to avoid taxation is to roll that cash immediately into another property and work a 1031 exchange.

Expanded Negotiation Potential
In a nutshell, going the cash-in-hand route for selling a property will produce some distinct benefits. You’ll have the cash immediately available at your discretion. Sales happen much more quickly when you go the cash route. You may be able to avoid costly repairs without having to lower your price significantly. Also, it’s more likely the sale will go through.

Granted, going the “cash” route isn’t always easy. However, there is potential here. Look at your property, look at your market, and seek resources or consultation to help you determine the best ways of selling a property for cash. The benefits make the footwork well worth the effort.

How to Handle a Financial Emergency: 5 Possible Options

Half of all Americans experience a financial emergency every year. You may be among them.

A financial emergency can range from an unexpected medical bill to an expensive car repair to a leaking roof. There isn’t a specific amount that constitutes a financial emergency either.

An unexpected expense that one person can cover easily may leave someone else financially destitute. We’ll explore five options to help you deal with a financial crisis.

1. Review Your Income And Expenses

This may seem obvious, but too many people skip this step and panic. This is not the time to make emotional decisions. Don’t underestimate the problem, but don’t overestimate it either.

Make a list of every expense you have. Include regular expenses like your rent or mortgage payment, utilities, cell phone, internet, and car payments.

Remember to include recurring expenses, even if you don’t pay them monthly. For example, you may pay your car insurance every six months. Figure out what that is per month.

Then, add up your monthly income and see what’s left over to cover at least part of that unexpected expense.

2. Reduce Expenses to Address a Financial Emergency

Look at the list you just made and see if you can cut anywhere temporarily. Can you live without cable for a month or two? Can you reduce your electric bill at all by opening a window instead of running the air conditioning?

If you’re paying a lot for car insurance, shop around for a better rate. An hour or two on the phone could cut your premium in half.

3. Negotiate Your Bills

Don’t stop with your car insurance. Get on the phone with your creditors and explain the situation. In some cases, you might be able to defer a payment or two to free up the money to cover your unexpected expense.

79 million Americans have medical expenses they can’t pay for. If a sudden medical problem has left you with a huge bill, contact the provider immediately. The provider may help you set up a payment plan that won’t bankrupt you.

4. Increase Your Income

Consider taking on a second job temporarily to bring in more money. If you have the equipment, you might earn a little extra mowing lawns. If you’re good with numbers, you could make money doing taxes or helping a startup with its business plan.

57 million Americans work freelance jobs. If you can use what you have now, you might be able to cover your financial emergency with a freelance job or two.

5. Take Out a Loan

Taking on debt to address a financial crisis isn’t ideal, but it may be your only option. If you can put that sudden expense on a credit card, you can buy yourself time to pay it off. Ask your credit card company for a lower rate, too.

If you own your home and your credit is good, you might consider a home equity loan. Talk with your bank about your options.

You can also find short-term loans to deal with the financial crisis you face. Just be careful to work with a reputable company. Check out the feedback from other customers like these Rightway Funding Yelp reviews.

Start Building an Emergency Fund

Once you’ve dealt with your current financial emergency, make a plan to build up a rainy-day fund. Save a portion of your income every month until you have enough to cover your expenses for at least three months.

Check out our blog for more articles about personal finance issues.

7 Small Business Tips To Help You Grow In 2020

2020 has been a whirlwind of a year that has resulted in over 100,000 small businesses going out of business. We do not want to see that happen to you!

We have put together 6 essential small business tips to keep your business strong and growing in these uncertain times. So, before you waste another second…Let’s get started!

1. Know Your Customer Base

Do you want your product or service to sell, sell, sell? If so, it is time to get to know your customers like never before. Even the greatest product can struggle to find its footing if it does not translate to the consumer.

Do your research about the area by researching demographics, trends, competing businesses, etc. Feedback is your best friend…no matter how brutally honest it might be! Give your customers a platform to give you honest feedback so that you can adapt to their needs and preferences.

2. Utilize Social Media

Facebook alone has over 2.5 billion uses, and if you include other venues such as Instagram, Twitter, or TikTok those numbers only get higher. Engaging content on your social media accounts keeps regular customers up to date and attracts potential consumers.

Stay on top of comments and conversations among your guests. Look for what is working and what could use improvement. Don’t forget to post content regularly to keep engagement high.

3. Networking

Networking is small business 101, however, in the social media age face to face interactions are becoming limited. Face to face connections can generate a sense of trust and friendship with those who you wish to do business with.

Build relationships with other local small businesses in your community niche. Find ways to help benefit each other so that in the long run everyone succeeds. If there is ever a networking opportunity or convention near you take it!

4. Customer Service is Crucial

Feedback happens immediately with online review apps and social media. If a customer feels that they have had a less than ideal experience with your business they will let the internet know.

Negative reviews and bad community feedback can crush a small business. Keep your employee’s customer-focused above all else. Encourage regular meetings to discuss how to improve customer experience.

5. Time Is Money

89% of employees waste time…your time. Time theft is an ethical issue that doesn’t get addressed as much as it should in the small business community. Creating a culture among your staff that promotes a desire to give their best is important for you as a business owner.

Consider utilizing a time clock app to promote accountability within the staff without feeling like you are overbearing. At the end of the day work needs to be done efficiently and with money on the mind. If you find that your labor is high consider reworking schedules to eliminate excessive people on the clock during slow hours.

6. Bank Appropriately

Private banks for small businesses is the best route when it comes to managing the financials of your business. With private banks, you have a direct line on assistance. Additionally, you will be valued as private banks offer very personal banking experiences.

7. The Best Small Business Tips

These 7 small business tips can make all the difference is the sustainability of your business. Keep focused on the goal during these hard times and you will succeed!

We want to connect with you even further! If you are ready to learn more about all things finance check out the rest of our page today.