Monthly Archives: July 2020

Archive of posts published in the specified Month

Jul
31

Taking Advantage Of The PDIC Insurance

The Philippine Deposit Insurance Corporation or PDIC guarantees every bank depositor that their deposit is insured if and whenever a bank goes under up to a deposit of P250,000 or its equivalent in dollars. How do we take advantage of this? By investing in rural banks and thrift banks that offer interest rates far beyond what current and more well know commercial and savings banks are offering.

In our present business environment, loan rates have taken a big dive down which means those looking to take out a loan whether being it housing, car, equity or personal loans are at an advantage in our current situation. But since loan rates have gone down, deposit rates have also taken a big nose dive. Top commercial banks have already taken steps to reduce a normal savings account rate from the previous 1% pa to 0.75% pa and time deposit rates are at an all time low. Even savings banks have adopted this trend of lowering rates. Bad news for retirees and people who rely on time deposit interest to pay for their monthly expenses such as food, utilities and other expenses.

This is where investing in rural banks and thrift banks becomes very attractive. Some offering as high as 16% pa or double your money in 6 years in which monthly interest rates are credited to a savings account which can be withdrawn anytime. But before you go rushing out and placing your entire life savings in these banks be warned. Most of these banks have names you probably have never heard before like rural bank and thrift bank of so and so, usually a name of a city or province in the Philippines. And these banks have a high risk of going under. This is where the PDIC insurance of P250,000 comes in handy.

Having experienced getting my money from PDIC, from banks that have closed before. I'm in the position to say that the trouble is worth the returns you are getting. I got my money from a closed bank in about 2 weeks from PDIC. Just make sure your total deposit at any given time in a thrift or rural bank does not exceed 250k. If you have lots of money do not forget to diversify them in different thrift and rural banks, each not exceeding the PDIC limit. And make sure that the banks you are depositing into are really PDIC insured which can be verified by a quick phone call or by visiting the PDIC website. Lastly, read lots of news papers or browse the website of the PDIC to keep yourself up to date on what is the current state of the banks you have your money deposited in. …

Jul
31

Manage Your Money Flow

Managing your money flow is the second step of building your financial house. It is like building the frame that the rest of the home will be built around.

The concept of managing your money flow is basically making sure that your inflow of cash is less than your outflow of cash. This process is called budgeting. When you create and follow a budget, you are living within your current means and you will avoid accumulating new debt.

When you take the time to create and follow a budget, you begin to see where your money goes each month. Armed with that knowledge you can cut back on some of those wasteful spending habits and free up money to start moving towards your goals.

Managing Your Money Flow Will Help You Reach Your Financial Goals

When you follow a budget, you can allocate money to reaching your financial goals. Maybe you want to save for things like retirement or a down payment on a house. Perhaps you want to start saving money to start that business you’ve been dreaming of. When you follow a budget, you have a plan to get where you want to go. When you have a goal and plan to reach that goal, your chances of getting there are exponentially increased.

Managing Your Money Flow Will Prepare You for Future Wealth

If you are always running out of money with your current income, chances are that you will have the same problem even if you earn more. Statistically, the more money you earn, the more money you’ll spend. This is called Parkinson’s Law. If you do not learn to manage what you have now, earning more money will not solve the problem.

Don’t be fooled by appearances. Many of those high income earners are broke. All of their income is going to pay for their big mortgage, the credit card bills, and the car loans. They are just broke at a different level.

Managing Your Money Flow Will Teach You Discipline

Wealthy people understand the importance of managing their money. They exercise self-discipline and they save up for purchases and earn interest on their savings while they do it. Broke people tend to go for instant gratification and buy things on credit. Often, whatever they buy ends up costing them twice as much by the time they finish paying for the credit card bill.

In the long run, saving up for purchases will actually allow you to buy twice as much stuff compared to buying with credit.

Alternatively, you could have the same amount of stuff, plus build up a big investment account on the side with all the money you save by not paying interest on debt.

Managing Your Money Flow: Conclusion

Over the years of working in the financial industry I have actually met a lot of low income earners that had higher net worths than many doctors and lawyers. This is simply because they managed their money well and allocated a portion each …

Jul
29

Looking For A Great Way To Show You Are An Expert In Your Field?

Potential customers are looking for you on the internet. Will they find you? When they find you, will they know that you are an expert at what you do? Do you have more than one area of ​​expertise? Having too many keywords on a single site can be counter productive. Here are some ideas for presenting your business without confusing your prospect.

Set up a separate website with a URL that includes the area of ​​expertise or keywords you want to optimize. This does not have to cost a lot of money or involve your web master. Use a blog and host it on a separate server (Host Gator is great for this purpose) so you can use your own domain name. For example, if you are an attorney, you could use estate planning.

Once you have created the blog, load it up with information about estate planning. Add articles, links to whitepapers, checklists etc. If this is not material you have created, be sure and get the author's permission for creating a link to their material. On your home page add a banner ad for your businesses. Be sure and list ways for your readers to contact you including a link to your website.

If you have more than one area of ​​expertise, create a blog site for each area. For example if you or others in your office specialize in real estate closings, create a separate blog site. Use your keywords – do not forget to localize your keywords by adding your city, county or state to the keyword.

Why does this work?

Because the site is content rich and focuses on a narrow topic that is keyword rich – the search engines will naturally rank your site higher when those keywords are used for searches. Keep in mind that one key factor in ranking is keyword density. This means the number of times your keyword is used on any given page. The rule of thumb is that 2-3% of your page should be keywords.

When your site does come up in the top rankings, the content makes it far more reliable than a generic website. You are demonstrating that you are the "go to" person in this field.

By placing an ad on the home page, you are showing that you are the expert in this area and the person to contact when the reader resonates with what you have written.

What you are looking for is search engines will rank your site higher and the creditability of the site will get your readers to click through. Once they are on your site, they will research the topic and then click on your banner advertisement. …

Jul
28

Outstanding Details About How To Charge Personal Air Coolers

If you are wondering about how to charge air coolers, then here is a simple solution. The air coolers can be charged with batteries that make the coolers work effectively. Make sure that you keep the batteries cooler when you are charging them so that it can be used faster again. The coolers can be best charged with a specific battery that implements patented new air-cooled charging technology in the coolers. This system enables the battery to automatically get cooled down during the charging process.

The natural process of charging ensures that the batteries will get heated up when it has already worked for sometime, thereby preventing immediate and effective recharge of the batteries. This was a disadvantage evident in the batteries used previously to charge the air coolers. So a thorough research was conducted and the modern battery was discovered that helped in the charging of the air coolers in an effective way. You can charge your air coolers with these batteries as they help in quick charging and immediately make re-charging of the air coolers possible.

How does the battery work?

The charging process connected by the batteries is hi-tech and so the coolers get effective charging. The charging occurs through an array of ducts present in the battery and for a fan present in the interiors of the charger that draws in cool air from the nearby spaces through the battery cells and then out of the charger. The charging process by these batteries, so, gets 30% quicker and the batteries also last longer. This significantly saves your time as you can avoid the problems of waiting for your batteries of your air cooler to get charged.

Another outstanding feature of the air cooler chargers is the refresh button function that automatically brings the performance-impairing unbalanced charge levels of the cells back into one line. However, this cell-balancing system should be connected once in every two weeks when it is heavily used and once a month when the coolers are moderately used. These batteries can offer power ranging from 12 V! In conjunction with Li-Power technology to the coolers while it is getting charged. So these batteries are the most effective air cooler chargers for all.

Other Batteries for Charging your Air Cooler

If you use your air cooler on less frequent intervals, then you can take the help of other charging batteries to charge the air coolers. These batteries allow the air cooler to get charged for an extended period of 15 minutes right after a power cut. You can conveniently use these batteries in any of the air cooler models and they promise 30 to 80 hours of constant cooling process. That saves your money and power to a great extent. These are more commonly known as back-up system batteries that not only charge the air coolers conveniently but also make a big difference in your comfort level and budget matters. …

Jul
27

Making the Most of Your Car Insurance

Many drivers have car insurance policies as a requirement and for vehicular protection. However, many people are not utilizing their policies to receive the greatest benefits possible. This may sound hard to believe since so many people complain that car insurance is so expensive, but this is the reality. Drivers are not utilizing their car insurance to make it more affordable and worthwhile to own. By understanding your insurance policy better you can begin to really benefit from your car insurance.

One of the first ways to make the most of your car insurance is to seek out discounts. If you have not already asked about discounts for car insurance you should! Most insurance companies offer a variety of discounts. Many drivers with good records get great discounts for car insurance. Likewise, if you are trying to insure a teenager tell them to keep their grades up. There are some insurance companies that offer discounts to students who excel in school. If you have a particular professional or college affiliation such as being a part of a nurse's union or you are employed as a police officer you may be eligible for deducted auto insurance. In addition, many people who own homes or have apartments and have homeowners or renters insurance may be able to receive insurance at a discounted rate by applying for a second policy specifically for car insurance. There are plenty of discounts to be had from your auto insurance company if you do some research.

An additional way to benefit from your auto insurance is to review your coverage. It is in the best interest of all drivers to periodically review their car insurance coverage. There are some drivers that are paying more than than they should for car insurance because they are over insured. This does happen especially when the car is very old and would have considered a total loss if damaged. Instead of paying for collision for a 15 year old car dropping this protection will help save some money. Take the time to access coverage needs for all of your vehicles.

Finally, save money on your policy by paying more on your owed and paying in full. Some people choose a low deductible because it is inexpensive for the moment, but unfortunately this really does cost more in the long term. Paying more on the auto insurance deductible will decrease the amount you owe on the policy overall that making your payments a lot less! Likewise, drivers should try to pay for their car insurance policy in full whenever they can. Insurance companies usually offer discounts when customers pay for their insurance in full instead of paying monthly. The savings can add up!

Thus, getting the best from your auto insurance simply takes the willingness to do a little research to find the best deals, coverage and payment plans that are right for you. …

Jul
26

Comments: 10 Money-Saving Tips

Jul
25

How to Avoid Losing Money in Forex Trading

If you have been struggling to make profit from Forex trading, we suggest that follow the tips given below. These tips will help you avoid losing money. Read on to know more.

1. Acquire Knowledge

Just because you have got started easily doesn’t mean you don’t need to take your time to do some research. For success in trading online, you have to do your best to learn as much as possible.

What you need to do is acquire as much knowledge as possible regarding the Forex market. For instance, you should know about economic and geopolitical factors that may have an effect on your selected pair of currency. Make sure you have due diligence. Aside from this, you should be ready to deal with the changes that may happen.

2. Look for the right broker

In Forex trading, people often choose a not-so-popular broker. The repute of a broker is very important for success in this type of business. Ideally, you may want to choose a professional who is part of the National Futures Association (NFA). It’s even better to for a better qualified one.

Before you hire one, make sure you know about the account offerings, withdrawal policies, spreads, commissions and other things.

3. Use practice accounts

No matter which platform you choose, you can try demo or practice accounts for free. While using a demo account, you can place theoretical bids. This will help you become familiar with the entry techniques.

Your trading account may get damaged if you make some terrible mistakes. For instance, you should not push the wrong butting during the opening or closing of a position. Aside, a major loss can occur if you commit multiple errors in order entry. Apart from the financial losses, you may suffer from intense stress.

4. Understand tax matters

It’s very important you know the tax matters. Moreover, you may want to understand the implications as well as the treatment of activities in the world of Forex Trading. This will help you a lot when you are going to pay tax down the road.

It’s better if you talk to a good tax specialist or accountant. The professional will help you avoid surprises when it’s time to pay tax. Moreover, you will be able to take advantage of tax laws as well. The problem is that the laws related to tax keep on changing. Therefore, we suggest that you develop a good relationship with a good broker or other specialist.

5. Use reasonable leverage

Leverage is what benefits you in Forex trading. If you earn high leverage, you can earn a lot of profit even if the amount you invested was small. In the same way, it can turn around to make you bear huge losses. So, it’s a good idea to avoid using unreasonable leverage.

So, if you are going to get started as a Forex trader, we suggest that you take each step after understating all the things. This way you can avoid losses and …

Jul
25

Business Contents Insurance – Protecting What You Use to Run Your Business

Many business owners want to protect their business against loss and taking out business contents insurance is a large part of that. On top of Building insurance and also protection from liability the addition of contents insurance is going to cover the items that you need to run your business from day to day.

Contents insurance will protect and movable items that you need to do business this can include things like computers, machinery and other pieces of equipment. You will be protected against things like fire and theft and depending on your policy it may also extend to cover things that are not always used on your promises like employee computers, and other tools. There are also policies that will include specialized uniforms.

If you are running your own home business then you need to be particularly careful if you have any existing insurance policies that cover you and your beloveds personally. Many of your personal policies will not automatically cover items in your home that are deemed specifically for business use. In most cases you can make a simple phone call to your insurer to have your cover extended for your home business.

Although contents insurance is extremely important is another business expense that you will have to bear, there are several ways to make your insurance cheaper. The easiest way to do this is to bundle your insurance together to cover both your property and the contents. You can find a range of home contents and business contents insurance policies that will give you a more favorable rate. In addition you will pay less to your insurer if you can show that you are taking effective measures to guard against damage and theft. This is primarily done through the installation of a security system or other similar measures …

Jul
23

What is the Easiest Way to Make Money From Home?

Many people dream about creating a home based business and finding the easiest ways to make money from home. Why do so few of them actually do anything about it? If you are one of these people that would love to make money from home and retire from the 9-5 work force then it is time to …

"Stop dreaming about life and start living the dream"

There are different schools of thoughts when it comes to starting a home based business. The first group of people will tell you that it is IMPOSSIBLE and the second will tell you it is EASY. I'm going to tell that creating a successful home business and making money from home is none of these things.

If you take the time to actually think about why most people are either overly optimistic or overly pessimistic it makes complete sense. The people that say its easy are normally trying to sell you something or convince you to join a program. Whilst the people that say it's impossible have usually been conned by someone who told them it was easy and when it turned out to be hard thought it was impossible.

Right here today I am going to create a third group, called the

'Truth About Making Money From Home'

Creating an income from home is very achievable if you approach it with a realistic attitude. If you are prepared to expand your knowledge and learn the adequate skills you can create an incredibly lucrative business.

6 figure enters within the first month is simply impossible BUT 6 figure enters within a year or two is very possible.

But what is the easiest way to make money from home?

You are faced with a number of different choices but it is my belief that the best system is this. I like to call it

Affiliate Marketing On Steroids

Most affiliate marketers promote products on Click Bank. This is fine if you are happy earning $ 20 – $ 70 per commission. What I suggest is to find affiliate programs that offer much larger awards. I am talking about $ 1000 to $ 20,000 awards from every and every sale. The amazing thing is that the conversion rates do not tend to be to different for big and small products.

So if you are serious about finding the easiest ways to make money from home – put your affiliate marketing on stereoids now. …

Jul
22

Insurance: Love It or Hate It, You Have to Have It!

You have done it! You have cleared up your finances, figured out what's what, built up a wealth account, and you have even begon investing. There is no more debt, your time is freed up, and you have a nice little nest egg. Then it happens – WHAM !!! You are involved in a major car accident and are seriously injured. Or maybe you are diagnosed with a serious illness. Either way, not only can you not work for a while, but you have heaps of medical bills. Are you prepared? If not, then all the hard work you have done to get yourself on stable financial ground and begin building wealth, is gone. If you can not pay those bills and you are sued, then faster than you can blink your assets will be sucked up to pay what you owe.

How would you feel if this happened to you? Really use your imagination and try to place yourself there. What is it worth to you to ensure that this never happens? What would you do to protect yourself?

What is protection? INSURANCE! Yes, it is easy to say, "I do not really need it right now," or "I can not really afford it yet. No matter how tight money is, it will be far worse if anything happens to you and you are uninsured. Just remember – you DO need it. The premium (charge you pay on a monthly / yearly basis) for insurance will protect you and family from financial loss in the event of accident, illness, fire, flood, or any other type of natural disaster.

Insurance is unavoidable if you own a car and / or a house. To qualify for a mortgage, you will be required to have home insurance because the bank wants to protect their investment. Just be sure to research insurance companies or make use of an insurance broker (you do not pay for their services, the insurance companies do) and make sure you have appropriate coverage. You do not want it to be too high and you do not want it to be too low. It should be based on the estimated rebuilding costs of your house, not on current market value. With car insurance, you will most likely have to show proof of some basic coverage to register the vehicle. Make sure you are comfortably covered in case of an accident and also for when you rent a car so you do not need to pay extra premiums.

It is also crucial that you have health insurance. Since the majority of artists do not have coverage from a regular employer, they need to purchase individual coverage. You can choose between fee-for-service insurance – allows you to choose any physician although it is generally extremely expensive, or managed care – lower costs but limited choices with regards to doctors and hospitals to which you have access. It is also recommended that you obtain a policy that:

o will cover a major …