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June 26, 2018

Reasons behind choosing FDs over other traditional forms of investments

bank investmentsIt’s not advisable that you keep your surplus funds in a regular savings account for long. In that case, you can’t just expect a high ROI against this fund. You may choose to go with multiple options like mutual funds and shares, but they have an element of risk. The risks are much lower with FD investments as they’re regulated.

What’s so special about Fixed Deposits?

You may open FD account while you’re looking for some safe and sound investment option. Besides being safe, FDs yield a lucrative rate of interest for the investors. You may earn quality interests on the amount that goes out in your FD account for a certain period.

1. Fixed Deposits create earning opportunities by compounding interests

FDs yield interest for over a uniform period when issued by banks. If you don’t need the amount of interest to come as regular quarterly or monthly income, you may consider reinvesting in your FD account. You’re likely to witness a growth of the principal amount and the interest of the upcoming period will be ascertained on the new value. In this way, you’ll end up earning more on the invested amount. All you need to do is to pick your payment option besides opting for the compounded FD option. You may use any FD calculator online to check the returns.

2. Sound investment option for senior citizens

You may consider an FD among the most lucrative investment options when you don’t have a source of steady income, especially when you’re old and retired. Many of the Indian banks provide you with an FD account and abide by the safety norms laid out for protecting your invested principal. The rates of interest might not be very high, but you may still gain something on these deposits. Under circumstances when you’re heading towards a financial crisis, you may close all FDs even if they haven’t matured.

3. Fixed Deposits yield tax-saving opportunities

FDs come with great tax saving options when you’re specifically interested in investing a portion of your funds for a long term. You may avail them in the form of a 5-year term deposit and set your money to be locked in for those 5 years. Until the maturity of your FD, you won’t be able to achieve credits or loans on your fixed deposits and can’t break them. With tax saver FDs, you may enjoy tax exemption on the principal amount invested by you. Depending on the tax slab, taxes are levied on the interest.

4. Fixed Deposits are much safer

The RBI governs all FD schemes that are issued by the NBFC and Indian banks. Issuers of these schemes are required to follow certain stringent regulations and rules from time to time. In India, the banking industry is safer for the investors as most saving schemes yield adequate protection towards the principal.

If you’re not among those who looks for a high ROI then you may be in need of a more secure investment. FDs are certainly one of those safer schemes that you’ve been looking for. All of your capital is in safe hands as the FDs are regulated by stringent norms laid down by the government authorities. That is also the reason why FDs are considered so safe for the members of low-income groups that don’t possess any alternative source of income.

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June 18, 2018

8 Smart Tips for Flooring Renovation to Increase Home’s ROI at Resale

resellable flooringThe best home improvements are those that give you the best return on investment (ROI.) Some of these, like flooring from Wraps Studio, work well, as long as you choose the best options for each room of your home. Certain types of flooring, like luxurious carpeting from carpet grapevine tx or traditional hardwood floors, are guaranteed to give you the best ROI. Here are eight tips that will help you with this process.

1) Know the Different Types Of Flooring

You need to understand the differences between the types of flooring. There are so many options on the market, from various kinds of tile to laminate and bamboo floors that just going into Wraps Studio may give you a headache. If you educate yourself first, you’ll be much better off.

2) Choose Flooring That Fits Your Needs

Don’t just buy the cheapest or most expensive flooring out there. Instead, pick the type that best fits each room of your home. Look for study options for busy rooms and luxurious, finicky ones for the spaces that get less traffic.

3) Don’t Be Afraid To Ask For Advice

Flooring store employ experts who can answer questions and help you choose a style or finish. They’re in the store for a reason – ask them for help if you need it.

4) Diversity Your Flooring

It can be tempting to cover every inch of your subfloor with carpeting from carpet grapevine tx. However, you should break things up as needed and choose the very best flooring for the room. Your home will look more complete, and you won’t have to worry about scaring buyers off with a carpeted bathroom or kitchen.

5) Personalize Your Floor

The key to making your house stand out from all of the others on sale in your area is by adding some personalized touches. Buyers will appreciate those hand-stenciled floors and other details.

6) Redo Your Floors When Needed

If you can’t afford to have, new flooring installed, then make the most of what you already have. You can restain hardwood floors, and they’ll end up looking as good as new. In fact, if you’re afraid of the staining process, paint works just as well. It will cover up any stains and watermarks and give your home a whole new look.

7) Spend Time Doing Necessary Maintenance

You’ll need to do some regular maintenance in order to keep your floors looking nice. It might be something as simple as wiping up spills right away to steam cleaning your carpets every few months. Do what you need to in order to make your flooring look as good as new.

8) Prevent Your Floor from Becoming Damaged

Some types of flooring are prone to damage. If you have this finicky flooring, be gentle with it. If your wood floors are light in color and you’re worried about permanent stains, then lay down a rug. However, at times you might just have to install new flooring in order to reverse any damage.

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April 14, 2018

Tips to earn money in a legitimate way

other source of earningsExploring a few passive means of earning money isn’t bad for those that don’t want to opt for a second job. It’s quite natural for you to think of a consistent source of alternative income that won’t take the juice out of you. Even when you wish to create or join a platform that won’t prove to be taxing, you may need to put in your efforts right at the very beginning.

Consider few of the straight means of earning money as shown below:

Publish your book

Writing a book often lets you achieve a good amount of every sale after it gets published. Self-publishing of books is quite common nowadays; you can do it by checking the e-book options at large. Alternatively, you may get in touch with any publishing house.

Develop smart applications

Developing any smart-phone app has immense potential of earning money when a user downloads it. These apps can fetch a good amount of money as they get more popular with the target audience. Anything that you develop may get viral in no time!

Launch any static blog

Identify your areas of interest besides checking out things that tend to draw the attention of your target audience. Make the most of your website development skills in developing a website in these areas. It’s in your best interest to choose topics that may never get dated with your audience. You may even choose to host ads on a page wherein you have content worth good quality. A piece of content that’s always in demand can actually pay you back on time.

Submit a video on YouTube

Identify a few popular topics for shooting your videos. You may explore it as an opportunity to earn more by running ads on the more popular videos. Earning in seven figures has been a dream turned reality for video submitters on YouTube.

Take a few attractive snapshots

There are a few online sites that help you to sell photos. It’s actually a good ploy for those of you that are passionate about photography. If you’re an amateur, then you may test the water with sites like Shutterstock. For each downloaded image, you’re likely to achieve a commission worth up to $75.

Create your own graphics

Graphics and illustrations are often accepted by a few photo websites. For every download, you may earn a certain amount of money.

Be an insurance agent

By selling insurance policies, you may end up earning a handsome amount with each deal closure. Even when the policies are renewed by your customers, you’ll earn an extra commission.

Achieve stock dividends

Stock investments are among all natural ways of securing a passive income. These stocks yield dividends worth great percentages more frequently.

You must remember that every legitimate way of earning money takes you through a passing phase. It’s not like how easily you earn money in the casinos nowadays.

The ways mentioned above will help you create wealth without worrying much about how the legal authorities will perceive them. Leading a stress-free life is more important than pursuing money in an illegitimate way.

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April 4, 2018

How To Opt For The Right Type Of Loan For Your Small Business In Singapore

loan for your businessSingapore is one of the most competitive and most comfortable countries to do business in Asia. Starting your own business or franchise in Singapore could be easy, especially if you know what industry to enter. But before venturing into your business, make sure that you have set your finances straight. One of the ways in doing this is by opting the aid of licensed money lenders to jump-start your business’s capital. Here’s a guide on how to choose the right type of loan for your small business.

What Kind Of Business Industry Do Do You want To Enter?

Depending on the nature of the industry you want to enter, you want to choose money lenders which suits your need. Obtaining loans from money lenders are easy these days. This is especially because money lenders already have specific programs for people who want to open a particular type of business. By choosing a program targeted to your industry, money lenders have already pre-empted the needs of specific industries and how best to distribute the loan.

To attract the attention of borrowers, money lenders make favorable payment schemes and better interest rates. Always put your options in front of you and choose one which you think matches your needs. This is crucial for to meet your demands. Determine which money lenders have a program best suited to your needs and your industry.
Also look at its terms and conditions and make a preliminary judgment if you are willing to stick with the state until the end. Among the initial question, you also ask yourself is if it is flexible enough to meet your needs. With these preliminary considerations in mind, starting your small business should be a breeze.

How Much Money Do You Need And Where Will You Use Them?

After determining the industry you want to enter, you need to ask yourself how much do you need? The loan you obtain from the money lender depends on the amount of capital required to start your business. You also have to look at your current pool of money and how much more do you need. A guide to figuring out how much you need is to make a preliminary list of all the things you need for your capital expenditures.

Capital expenditures could include the following: the cost of purchase of your land, the construction of your place of business, obtaining a business permit and its necessary taxes, procuring the materials for your inventory and these are only among the things you should identify from the very start.

This is important because you do not want to understate the amount of money you need to start your business and lack funds later on. This may lead to delays in starting your business. Moreover, lacking funds in the middle of starting your business means you have to obtain the new loan from money lenders.

This means providing them with additional requirements and collateral. In case you have an excess of the money you borrowed, make sure to be frugal and invest or use the money for other expenditures. Never use it for your expense.

Will You Be Able To Pay The Money Lender?

One of the most critical question to ask yourself is will you be able to pay your money lender? What this question asks is not for the immediacy of you paying but of your ability to pay. Your ability to pay is often of the primary considerations of money lenders to determine if your loan is granted. If it shows that you have defaulted on your previous loans or if you have insufficient proofs to give the money lender of your ability to pay, this may result in your loans’ denial.

Money lenders usually provide reasonable and flexible payment schemes and programs. Choosing the right payment plan helps you with your ability to pay, and this is one of the things people overlook doing. One of the things borrowers have to be mindful of is that loan payments can be made in an installment manner or on a one-time payment basis.

Choosing the installment method distributes the expense into smaller costs and within shorter months. This is easy to do as long as the borrower always keeps a portion of its revenue for their loan payment. A one-time payment basis is often hard for some borrowers to comply with because they think of the aggregate amount of the loan and how hard to achieve the overall amount.

One of the best solutions for this is to imagine that your investment is on an installment basis. Thus, make sure also to keep a portion of your revenue every month.

Do You Have Enough Collateral For The Loan?

Before you can obtain a loan, one of the requirements money lenders asks for is collateral. This collateral serves as the guarantee to money lenders that the loan will be paid. Insurances can be in the form of property or equipment which would be levied if you do not pay your mortgage. With this in mind, you have to make sure you have enough features to present as collateral. This also serves as evidence of your ability to pay. Also take note that depending on the loan you obtained, some require more significant insurance while some do not require one at all.

Always make sure that the collateral you give to money lenders are yours. One of the most significant problems money lenders face is that some of the guarantees they receive are often not owned by the borrowers. Instead, it is owned by someone else who is not a borrower. This causes headaches to money lenders because then they have no guarantee of the loan being paid. More importantly, be responsible when it comes to providing information about the thing being used as collateral.

Only Choose Licensed Money Lender

The one and most important thing that you should remember when obtaining loans are always to get it from licensed money lenders. The government usually certifies some companies or individuals authorized to grant loans to ensure safety between the borrower and money lender. The requirement of government approval is necessary because it makes sure the business is legitimate and transactions will be provided.

Never make the mistake of approaching anyone who is not sanctioned to lend out money. If you do, your interest, as well as your businesses’, will not be guaranteed. With the world today, our safety is no longer guaranteed. There are some however who make the mistake of obtaining loans from unauthorized money lenders.

Some of the effects of borrowing from illegal money lenders could be the interruption of starting your business, your business not pushing through at all for the inability of funds and one of the most important things to be wear about is high-interest schemes.

Conclusion

Do not hesitate to take leaps of faith in starting your own small business in Singapore. Following the guide above, always keep in mind to only choose licensed money lenders to ensure the safety of your companies success. Still be alert of potential scandalous money lenders in doing your business.

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March 19, 2018

8 Benefits of Invoice Factoring

money invoiceWhen working in B2B or B2G sectors invoice factoring is essential. With this type of invoicing, you are provided a short-term capital in exchange for assigning invoices to a factor. The company receives about 80 – 85% of the advanced payment and later when invoice is paid,- the remaining 20%.

Unlike factoring, business invoice finance is easier to use in a way that you don’t need to assign invoices. However, the two terms are often used interchangeably. Here are 8 benefits of invoice factoring in case you are still considering whether to use it for your business or not.

1. Professional Management of Your Finances

When you entrust a professional company to handle your paperwork and collection of payments on your invoices, you save a lot of time. And saving time means saving money. The cost of accessing such services has fallen significantly lately. Though fees vary from one company to another and also depend on what kind of business you have, generally, factoring finance fees range from 0.5 to 3.0%.

Your contract with an invoice factoring company doesn’t have to be permanent or long-term. You are free to choose when to avail yourself of such services depending on when you need them most.

2. Flexible Financing Terms

Accessing finances from banks can be quite challenging for small or medium businesses because most financial institutions prefer to deal with established brands and businesses. The real benefit of using invoice factoring services is that you don’t need to have a great credit or spend years in business to qualify for them.

This happens because the company looks at how capable your customers are of paying the invoices, not how credible or long-term your business is. Moreover, a factor can provide more finances for your business if the need arises. If your business experiences increased sales you can easily apply for more money from a factor.

3. No Stress

You don’t have to wait on your customers to make their payments so you would make yours. Straight away, you are provided with cash on your invoices. You can deal with your taxes and pay all the needed bills on time.

You can proceed with your day to day business without worrying about when you will get paid by the clients. You can actually grow your business, implement new ideas and try new ways of doing business in your sphere while a professional factoring company takes care of your invoices.

4. Growing Your Business

The law of business is if you want it to grow, you need a steady cash flow. Concentrating on your business and acquiring new clients rather than on chasing your debtors will help you do that. As an owner of a business you can pay your suppliers straight away without waiting for some cash from the clients.

Thus, your manufacturing works smoothly and continually without delay. Another benefit is that you will also be able to extend credit lines to your loyal customers. In business, customer loyalty is one of the most decisive factors, so this will give you an advantage over competitors.

5. Easy and Fast Access to Cash

The factoring process is rather quick and not complicated. Usually, the funds are provided to you within 24-48 hours after your invoices have been approved. The initial setup can be 5 top 10 days. However, if you consider business cash flow loans from a bank, it will take you far longer than that.

An adequate cash flow is what keeps your business afloat and growing. All the daily business routines need to be taken into consideration: financing daily operations, paying rent along with utility bills, paying employees and suppliers. That is why it is essential to have cash on your hands at all times.

6. Credit Control

Late payments from clients can cripple your business. A debtor finance company will help you and your employees to concentrate on work instead of chasing the creditors. If you hire an invoice factoring company, it will assume the functions of credit controller and will free time for you to do your business.

An invoice factoring professional knows how to deal with customers who are late on their payments, unwilling to repay their debts or fail to pay them altogether. You won’t have to spend time and money on legal actions against your debtors.

7. Stronger Balance Sheet

Factoring doesn’t appear on your balance sheet or financial statement as an expense because it is not a loan. By using invoice factoring, you avoid taking on a new debt. You will receive the cash that you need to pay your vendors or suppliers on time, to make some major purchase for your business or just to improve your cash flow.

You will use you existing account receivables and this will not be a loan, and thus, not a debt.

8. Profit Predictability

When using invoice finance services you have an opportunity to predict your profits. Since profits can be quite unstable, it is difficult for business owners to make plans.

However, when you use factoring, you know that you will immediately receive most of your payments and thus you can predict your profits and make the needed investments for the future, like necessary repairs or even company expansion.

Invoice factoring can be a huge advantage for small businesses when the credibility of your customers is more important than yours. Invoice factoring services can be beneficial both for B2G and B2B spheres.

Here are some examples of industries where it can be used:

• Construction companies. Construction project need years to be completed but workers need to be paid regularly and on time. Besides, these projects involve a lot of expenditures.

• Trucking companies. There are a lot of expenses in this industry: from truck maintenance to the cost of fuel. You simply cannot afford to wait for 30 or 60 days to be paid for your services. This is where invoice factoring solves the problem.

• Recruitment, staffing and employment agencies. Invoice finance companies are probably the most needed in this sphere. Usually you have to pay your contracted workers before the payment from the clients is received.

• Clothing manufacturers and textile industries. It is obvious that before you receive payment for the products that you sell, like clothes or accessories, you need to invest in materials and of course pay your employees. Utilizing invoice factoring will help you do that without getting into debts.

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