The Finance Factor

Most early- and mid-career workers see retirement as being far off in the distance. While retirees spend their days relaxing under swaying palms and contemplating how thankful they are to be out of the rat race for good, the reality is quite different. Today, people are retiring later and finding the need to save more money to live comfortably after retirement. No two ways about it, the longer people wait to retire, the more comfortable their lives will be.

Continue reading ‘Hypo Venture Capital How Much Money Is Needed For Retirement’ »

1. One of the most valuable personal money management tips I can offer is to use a budget planner. Having a visual idea of your finances makes the process of keeping track not only easier but more accurate and of course also provides you with that important feeling of control.
2. Opening an online savings account offers you a much higher interest rate than a branch account. Having no branch or ATM access also means you are more likely to keep your savings than dip into them on impulse as withdrawing from this type of account requires transferring the funds into your normal bank account and usually takes at least 24 hours.
3. Don’t save at the expense of your social life, but don’t let your social life stop you from saving. Studies show that people who include an allowance in their budget for enjoyable activities are more likely to stick to their budget and therefore save more in the long term. When you resent your budget and feel restricted by it you will be more inclined to break it and ultimately loose track of the entire thing. Remember, life is all about balance. Continue reading ‘10 Super Savvy Personal Money Management Tips For the Household Budgeter’ »

I enjoy a challenge…at first trying to live on less money made me angry, sad, thought God was punishing me, filled with self-pity…I think that about sums it up. Now, I have come full circle and I enjoy the challenge.

When I was in my 20’s I did the starving college student thing, I have done the newly married and just starting out thing. I thought I was done with that. In my 30’s and 40’s, I thought I had it all. The perfect husband, a house that was almost paid for, 2 kids, 2 cars, a job I loved. How that can all change in a blink of an eye still floors me sometimes. There really is a positive side, however. I love the challenge of living on a budget (not at first..as I said above). I love learning how to repair and reuse items. I love researching how to save money! Here are some very effective ways to cut your spending.

1) Unplug!

Did you know that if you leave your computer, cell phone, iPod charger in the wall socket, that it is using electricity EVEN when not in use? Unplug! Also, turn your computer off and do not leave it on ’stand-by’ 24/7. You can save up to $200-$300/ year by unplugging! Continue reading ‘10 Ways to Save Money in a Recession’ »

Christmas is a very emotional time of year for most people. It is the big crescendo at the end of the year that people can spend months planning for. It is a time of year when people feel like giving to others and caring about others. Everyone experiences different feelings and emotions during this time and these can include feeling stressed, happy, excited, sad, joyful, lonely, depressed, elated, worried etc.

We all know is that modern day marketing is built around pulling on people’s heart strings and playing with their emotions. During Christmas we see a lot of this, especially with t.v., radio and print advertising. For example we have all heard lines such as:

“Show mum you love her by buying her . . . this Christmas”

“Give your children their best Christmas yet by buying them . . . ”

“The one you love deserves to be spoilt this year. Buy her a . . . ”

“Forget the socks and jocks, what he really wants from Santa is a . . . ”

“Don’t let YOUR children miss out! You must buy them . . . this year” Continue reading ‘Saving Money Tips – Don’t Get Caught Up in the Christmas Hype’ »

What is a Money Coach and why is it successful? It is a long-term process of goal setting, training, and encouragement to help you take focused action to achieve your goals. It is a system of Money Coaching consisting of a series of courses and meetings with a Financial Life Coach designed to help you get out of debt, maintain a debt-free lifestyle, and arrive at a place of satisfaction and joy where you can say, “I love my life!” You may think that you have done everything possible to put your finances into good working order but find yourself in situations where the finances simply are not working, and you have no idea why.

Take for example this story: In spite of their double income, Matt and Sandra are accruing around $15,000 of credit card debt a year and neither can really explain where the money went. They manage the growing burden by transferring balances and refinancing, but they are frustrated at finding themselves in the same cycle year after year. Sandra has read many of the popular books in an effort to budget better and teach her children good spending habits, but in the end, she always found the advice impossible to implement. Continue reading ‘Discover How a Money Coach Can Help You Finally Say “I Love My Life”! – Part 1’ »

Zooming around town or to and from work or school in a new or used vehicle –at any rate, in something far more agile and enjoyable than your last mode of transportation– is a joyous experience that can provide a great deal of convenience and even entertainment for busy motorists. But choosing an unwise or inappropriate financing option for a new or used vehicle can seriously detract from the enjoyment of the drive. The world of finance, particularly when it comes to automobiles, can be confusing, and some car buyers work with the first option they’re offered in an attempt to bypass the frustration and fine-print. But taking the time to understand the different types of motor vehicle finance available, including the situations in which they work best and the time commitments involved, can lead to an experience that’s hassle and worry free –both now and in the future. Individuals are likely to primarily encounter two basic financing options, either through a broker or directly from the party selling the vehicle. A consumer car loan is a very popular choice and is widely used when the individual is using the vehicle for personal purposes. A consumer car loan considers the vehicle itself as the security for the loan. This type of loan comes with a number of terms including the basic interest rate, establishment fee’s, monthly fees and discharge costs. It’s important to ensure that all fees are disclosed prior to signing an agreement for a consumer car loan. It is imperative that you feel comfortable and understand what you are signing up to.

A basic personal loan affords more freedom due to its general opportunities for use and for this reason some applicants take up this option when purchasing an imported vehicle or a vehicle that does not qualify as adequate security, for example, a vehicle older than 10 years. Businesses can take advantage of a number of finance options for motor vehicles. Some of the most commonly available financing types include Chattel Mortgage, Commercial Hire Purchase, Novated leases and your standard Car Lease. Continue reading ‘Considering Different Types of Motor Vehicle Finance’ »

Many people that have bad credit and are not able to get car credit locally, find themselves turning to the Internet in search of an online car loan. This is a good thing because the Internet opens up opportunities online that most people do not have available in their local areas. There are however a few things that you should be aware of if you’re looking for online auto credit. This article covers a few of these key points.

Online auto loans are very similar to traditional auto finance, in that they are basic simple interest loans. The amount that is allowed for financing is based upon the loan value of the vehicle and your interest rates, are based upon the year, model and make of the vehicle, your monthly income and your past credit. So they are pretty much the same thing as a regular car loan. Continue reading ‘Buy a Car Online With Bad Credit – Auto Financing For People With Low Credit Scores & No Money Down’ »

Are you looking for some unique ideas to make some cash? There are many ways you can make some money and these days you can make some money online quite easily. Think about all the ways that people make money every day. There are literally thousands and thousands of ideas out there. What you need to do is find the idea that suits you and be prepared to work to answer extra cash. Nobody is going to hand it to you on a plate, you certainly need to go out and work to earn it. However there are easy ways to make money and there are hard ways to make money.

One of the best ways you can make money is through passive income. This income is income that you keep earning while not directly affecting how much you work. There are hundreds of passive income ideas however these can take significant effort to set up. A very basic example of passive income is buying a house and renting this house out. This can then earn you some decent rent however if you do not pay cash for the house obviously you will be paying interest back to the bank. Another simple passive income idea is to write the book and sell it. Continue reading ‘Passive Income – Is it Really Fast Cash?’ »

If you’re wondering if is possible to start making money on the Internet even if you’re broke I’m here to tell you that there are many possibilities for you to be able to do this. I’m going to be describing 3 methods that you can utilize in order to make this happen from the comfort of your home by simply going on the Internet.

#1 Promote Free To Join Affiliate Programs

One of the basic methods of making money on the Internet even if you’re broke or may not have a lot of money to invest is to promote free to join affiliate programs. The reason this is one of the best methods is because you’re not going to have to pay anything to join the affiliate program since the company that provides you with the affiliate program is basically going to pay you a percentage of the revenue that you are able to make for them. Besides being able to join the program for free you’re going to be able to promote it using a free method known as article marketing. So you won’t have to put any money at all to get started. Continue reading ‘3 Methods of Making Money on the Internet Even If You Are Broke’ »

When it comes to making money online there are so many people that try to look for the quickest and easiest methods to utilize. But the truth is that many of the quick and easy methods are not as effective or powerful as the methods that take time to produce results. Here I’m going to be describing 3 powerful and effective methods that you can use to make money online.

#1 Promote Free To Join Affiliate Programs With Article Marketing

One of the best methods of making money online that will take time but is very effective is going to be to promote free to join affiliate programs with article marketing. There are going to be many affiliate programs that you will across with and by simply finding one that is popular and begin promoting it with article marketing you’re going to see results. Article marketing is a very effective method of promoting that will take some time but keep in mind that the only thing that it requires is your time. You will be able to make money with this method without having to invest any money at all. Continue reading ‘Making Money Online – 3 Powerful and Effective Methods to Use to Make Money Online’ »