Want To Boost Your Pension Payout? Here’s How

You might think that retirement is a long way away. But when you really think about it, is it? Ten years can soon fly by. So if you don’t start making preparations now, you could be in for a nasty financial surprise. Fortunately, there’s plenty of things that you can do to increase your pension payout. Here are some tips to get you started.


Pay In More And Defer


In the run up to retirement, many people worry that they won’t have enough money saved up. This can be a serious problem, but there are both ways to solve it and ways not solve it. In general, it’s a risky idea to try to boost your pension income by investing in higher risk assets. Higher risk assets might promise better returns. But they also promise to wipe you out if the stock market crashes.

A much better idea is to either add payments to an existing scheme or delay the date you take retirement income. If you’re worried that you won’t have enough money to see you through retirement, deferring your pension might be a good idea.

Swap To A Cooperative

Superannuation cooperatives, like NSF Super, aren’t interested in making a profit. Rather, these organisations are member based and work in the interest of all their members. For people saving for their pensions, that’s a good thing. It means, in theory, that more of the money they save will be returned to them. Fees are generally lower and the quality of service higher than in regular pension fund saving schemes.

Ditch Underperforming Assets

When you first set up your pension, it might have seemed like a good idea to invest in certain assets. But over time, those assets have lost value. And right now, there’s little prospect that they will recover.

Assets Down Trend

Nonperforming assets are one of the biggest reasons people become dissatisfied with their pensions. So the best policy is to weed them out of your retirement portfolio as early as possible. If you have to, talk to your financial adviser about switching to a new scheme.

Use Alternative Saving Methods

Increase Savings

Pensions aren’t the only place where you should keep your savings. There are other opportunities elsewhere that also afford a decent return. ISAs are one example of another place you should put your money. Savings accounts have one key advantage over regular pension funds. They allow you to access your money instantly. Thus, with a savings accounts, you’re not locked into any fixed term before you can get access to your money again. It just adds extra flexibility, and means you’re less likely to have to drawdown your pension early.

Start Sacrificing Salary Early

Salary sacrificing schemes never feel good at the time. But they are the best way to ensure your pension pot fills up quickly. Each month, your employer automatically deducts a chunk of money from your pay packet and puts it into a pension fund.

These schemes are tax efficient because you are sacrificing income to pay into your pension, saving on income tax. And in some countries, employers have to equal the contributions of workers, making them even more lucrative.







Ultimate Cheat Sheet For Dealing With Your Student Loan


Student Loan

Your student loan is probably the first financial issue you’ll need to deal with in your life. It’s a nice way to ease into financial responsibility before the others that follow such as children, buying a house and saving your pension. For now, though, let’s focus on the student loan. Many people find that once they leave college, they owe a lot more than they bargained for. That’s why you need this guide to help you deal with your loan before it becomes a burden too big to handle.

Let’s Cheapen The Deal

The first issue you need to consider is whether there are ways to make your student loan cheaper. Typically, there are such as working towards getting a scholarship. This will open up the possibility of getting a subsidized student loan. If you excel in a sport or activity, there’s a good chance the college will pay part of your loan off for you. This is the ideal possibility and is particularly useful if you are aiming to attend a prestigious and expensive university. Hint, an Ivy League college will look great on your resume, but it won’t come cheap. Unless you want to give hindsight a whirl we probably need to move on to what happens after college.

Calculating Repayments

Once you finish college, you’ll get your degree and a friendly bill that probably has more zeroes than you can count. All kidding aside, the full cost of what you owe by the end of college can be a shock to the system. But don’t panic just yet because there are ways to deal with it. The first thing you need to do is calculate how much you owe, what you’ll need to repay and how much interest you’ll face. The good news is you can do that online with a click of a button. There are a few calculators for college loans that will come in handy for different repayment plans. This will help you choose a form of repayment.

Choosing A Payment Plan

Choosing a payment plan can be quite complicated. For instance, paying a lot off in the first few months isn’t always the best idea. Particularly, if this is going to mean money is tight. You’ll just ensure you need to borrow money from another source. However, this one might include a higher level of interest. Instead, aim for a plan where you’ll be using around ten percent of your income to pay off the loan each month. Remember, on some plans, a large amount of your debt will be canceled off. This will occur after a fixed number of years of employment.

Extra Tip: Refinancing

If you’re finding your loan is becoming a large burden due to a high level of interest, refinancing might be the best option. With refinancing, you can pay off the loan by switching it to another lender. This lender might offer you a better deal with lower interest so you’ll be paying less. It’s something to consider, but you must check terms and conditions carefully before refinancing.

Finance Help for Students

Five Ways Of Protecting Your Business Finances

Keeping control of your finances is important. You need to understand them to understand where you’re able to go. Particularly if you want to go for those investment opportunities that have a habit of popping up. But that’s not all you need. Just as important is how you protect those finances. There are a lot of bumps in the road and risks that can threaten the financial stability of your business. You can’t always foresee them or do anything about them. However, with the following tips, you can at least reduce the risk of how badly they might affect you.

Investment Opportunities


Every business has a need of insurance. Insurance for the premises, employee health and other things. Thinking too much about how to save money here can put that money at a lot more long term risk. Most bankruptcies and financial catastrophes are caused by unforeseen events that cost a lot of money out of nowhere. Not only should you protect your physical business, but the work you might lose as a result of virtual damage. Similarly, you can ensure employee positions, not just their health.

Keeping the risk to a minimum

Of course, what you need to do to avoid those big costs is keep risk to a minimum. Not just try to get insured for all kinds of events. There are two major, recurring threats to a business’s finances that can easily prevented. First is employee safety. Worker’s compensation can be a serious drain on your resources if it’s a recurring matter. Also important is employment lawsuits. Keep abreast of the law and make sure that fair treatment is taught in every level of the company.


If you’re a business that delivers services or products on a B2B level, then you’re likely used to methods of payment besides credit cards. In particular, invoices. No doubt, we’ve all had the situation when an invoice is late or has gone mysteriously missing in the middle of payment. These things can happen, but they shouldn’t cost you. Get an invoice financing loan as well as other protective measures to ensure you’re not losing money as you wait.


Missing or late invoices can be purely accidental or unintentional. One thing that isn’t that can cost you a lot of money is the risk of fraud. It’s not just consumers who can get into fraudulent situations. It’s easy to find yourself on that end. Whether it’s due to network security risks or unfortunate choices in potential business partners. Keep informed on the latest methods of fraud being used.


The best way of really protecting your finances goes back to what we said in the beginning. Understanding them. Tracking them and knowing the direction that the ‘wind is blowing’ so to speak. Not only does a more steady eye on your finances alert you to potential losses eating away at your company. It also helps you project into the future and see paths that are potentially more beneficial. Keep up with basic bookkeeping tips as well as tools that can make it easier to track your own.

Essential Advice: Getting A Loan With Bad Credit

Millions of people around the globe take out loans every single week. As a species, we often lack the patience required to save up for that computer, or fridge freezer. That means we borrow more and more, putting ourselves at risk of obtaining bad credit.

And when that happens, it slows your financial life to a halt. Everything from landing a mortgage to getting a phone contract becomes more difficult. Indeed, bad credit is not a good situation to be in. But, there are ways around it, especially when it comes to loans.

What is bad credit, and how do I avoid it?

Simply put, bad credit means you have borrowed some money in the past and not paid it back on time, or at all. This will be marked on your credit record, and will be brought up whenever you apply for more credit in future.

Think of it like a criminal record (but it’s not that serious!). If you were applying for a job at a school, your robbery charge would mean you are pretty much out of luck here. Bad credit is the same. It stops people taking out certain loans – but there are ways around it.

To avoid bad credit, you simply have to pay back what you owe, on time and within the term agreement. This is usually monthly over a period of 6, 12, 24, 36 or more months. However, you should consult your contract to find the exact timing.

What kind of loans can I get with bad credit?

Secured personal loans are basically designed for people with bad credit in mind, which means your bad history isn’t an issue. The amount of money you can borrow on a bad credit loan is limited, but hey, you have to pay the price somewhere! Most companies will cap out at 20,000, which is more than enough.

Bad credit loans take into account your salary, job, financial stability and assets. They also factor in whether you have any existing credit payments, which could work against you. I’d stick to one loan at a time, just to be safe.

Bad credit loans typically come with higher interest rates than most, but the benefits outweigh the cons. This is your chance to show lenders that you’re a trustworthy borrower. And build up a solid credit background! If you are granted a bad credit loan, you will be on the path to fixing your damaged financial history!

What kind of loans can’t I get with bad credit?

While it is possible to borrow some money with bad credit, some types of loan will simply be off limits to you. Think of things like mortgages – your credit history will work against you here. The same applies if you have no credit, too. If you’ve never taken out a loan and paid it back, this can be just as bad as having poor credit.

And that just about does it! Is there anything we missed? Let us know in the comments below!

How To Invest In Gold Bullion: The Basics

If you are keen to invest some of your money, then now is as good a time as any. No matter what your financial situation is, there is always a good chance that you can find a solid investment. The first question to ask yourself is what to invest in. For many, this in itself can be a difficult thing to work out. However, there is good news. There are some investments which are almost always a wise move to make. One such investment is gold, in particular gold bullion. This is one of the safest and most potentially lucrative investments options around. For that reason alone, it is well worth considering. No matter what stage of life you are in, there is a good chance that you can benefit from investing in gold bullion. But how does it work, and how do you know when the right time is to buy or sell? To give you a helping hand, we have put together this short guide. Read on to find out more.

Gold investments

Is It A Good Time?

Knowing when to buy is half the battle for any kind of investment, and it is no different with gold. Gold itself is a tricky one to predict. Part of the reason for this is because it can be dramatically affected by so many things. There are countless factors which have a potentially very large effect on gold bullion prices. It is well worth getting yourself acquainted with some of these and learning the ways in which they affect the price of gold. One factor which has a huge effect on the price of gold is the national interest rates. The relationship between these is varied and complex, but it is well worth studying if you want to make the most of your investment. The last thing you want to do is buy at a poor time.

Why Bullion?

Some might ask why you would buy bullion specifically, rather than standard gold? There is, in fact, no real difference at all. Bullion is, quite simply, a bulk amount of gold. This obviously requires more upfront capital to be able to buy. However, it is more financially worthwhile overall, for the simple fact that buying bulk saves you money. If you are able to, it is definitely worth buying in bullion.

How To Buy Bullion

Invest in Gold

You can purchase bullion from countless sources worldwide. The truth is, many developed countries have the option to sell bullion. Depending on where you buy, there may be tax charges – but this is all part of the deal. When you are buying, the most important thing to bear in mind is that you are getting the best deal possible. Compare different locations before you spend any money.

When To Sell

We mentioned how knowing when to buy bullion is half the battle. The other half, of course, is knowing when to sell it. This is, in many ways, even more complex than buying. One thing is for certain: it is a great deal more important to get right. In simple terms, you want to sell your bullion at a time when prices are high and there is demand. If you are unsure about whether it is a good time or not, it might be worthwhile contacting a professional to give you some advice.

This Is Why Your Loan Application Keeps Getting Denied

Need money fast? The easiest way to get money quickly is to book an appointment at your bank and begin an application for a personal loan. However, it isn’t always so easy. If you have a bad credit history, then your application will probably be denied. But that doesn’t mean you will never be given a loan. You just need to work on your finances. There are a few steps you can take to make your application stand out and look appealing to creditors. Here’s what you need to do.

Fast Credit Card Approval

Pick Your Loan

There are different loans out there. They are normally split up into two main categories: personal and business. If you apply for a business loan when you really should have applied for a personal one, then the chances are your application will be denied. It is important to understand the difference between every loan and to apply for the right one for you. If you don’t have anything to put up for collateral, then an unsecured loan would be the best one to opt for. However, you need to remember that interest rates are extremely high on these. If you own your very own home, you can put this up as collateral and get a home equity loan. Apply for the wrong type of loan for your circumstance, and there is no chance the bank will give you any credit.

Have A Definite Reason For Your Loan

If you don’t have a definite reason for a loan or your reasons sound a bit wishy washy, then banks could be very reluctant to give you the money. It is also a good idea to wait until right before you need the money. If you apply too far in advance, your application may be denied. You will then have to go through all the hassle again further on down the line. If you are clear and concise when you write down your reasons for the loan on your applications, you will come across as much more serious. Therefore, you’ll find it much easier to get the loan in the end.

Sort Your Credit Score

If your credit score is no good, then you will find it extremely hard getting a loan. You will have a poor credit score or credit record if you have failed to make repayments on previous loans or debts. If this sounds like you, there is still plenty you can do to improve your score. There are many credit restoration companies who specialize in sorting out individual’s credit. Another great way to get good credit is to start paying your monthly credit card bills and loan repayments on time. This then shows the banks that you are capable of repaying money and can be trusted with another loan. It’s a good idea not to apply for a loan while you are working on your credit rating. This can often look back to banks, and they will likely refuse your application.

Reduce Your Debt

Finance - Reduce Your Debts

When you apply for a personal loan, the banks and financial institutions, you apply to will want to know how much debt you currently have. If you have a lot, they will be less likely to give you a loan. If you have a good debt-to-income ratio, then they might be convinced to hand over the money. This means you need to be putting enough of your monthly income towards debt repayments. But not too much, otherwise this will cause warning signals to go off in potential creditors’ heads. If your debt-to-income ratio is less than 40%, you should be okay with getting a new loan.

Proof Read All Applications

It can be super tricky filling in all those loan forms. There’s no wonder so many of us end up making spelling errors and typos. So it is imperative to reread all the forms to make sure there are no mistakes. If you make a mistake, simply go over it with correction fluid and then write over it again. If possible, ask a friend or family member to read your forms for you. Having fresh eyes take a look is a great way to spot any mistakes that you may miss!

Don’t despair if your loan application gets denied the first time around. You simply need to go back and try again. Now that you have this handy guide to use, you will be better equipped to write up a winning application! You’ll soon have the cash to be able to move forward in all your ventures!




Considering Alternative Investment? Read This First!


Trading has seen an interesting development lately. More investors are looking for alternative investments, and using them to diversify their portfolios. If you’ve dabbled in stocks and bonds, and you’re curious about alternative investments, then read on. Here are some of the most essential things you should know about alternative investments. Understand these, and you’ll get off to a flying start!

Gold BarSo what are alternative investments? Simply put, they’re assets which exist outside of stocks, bonds and cash. They could be investments in financial assets, and things such as hedge funds, private equity, and commodities. However, alternative investments can also be physical. Fine wine, art and precious metals also come under the “alternative” category. There’s usually a very low correlation to stocks and bonds. You may find it harder to determine the value of them, and that they’re more illiquid than your standard investments. You still may hear about “liquid alternatives” from traders and financial journals. These are a class of asset which have only been around for a few years. Generally, they’re mutual funds and ETFs which are made to mimic the performance of regular alternatives.


The next thing you’ll be wondering is whether or not you should invest in alternatives. To be honest, if you want to enjoy uncorrelated returns and more time to plan and act, then the answer is yes! Be warned though. In most cases, only accredited investors will be able to make direct investments in assets like hedge funds or equity. This is due to a lot of fund managers relying on private placement registration exemptions. This let them operate with less regulations, but also limits their base of investors to accredited ones. While it gives you more freedom to be an accredited investor, it’s not necessary for alternative investment. As technology develops, the alternative investment niche is expected to become progressively more transparent. This, in turn, will make for more opportunities for investor participation. An alternative investment coach will be able to assess how well-suited you are for the niche.

Risk Profile

Finally, the risk profiles. As with any kind of investment, understanding alternative risk profiles is hugely important. Investing in a venture capital fund will make for a more diverse portfolio. Investing directly in a single company has the potential to be far more lucrative. However, you’ll also have to deal with a lot more risk. In the past, commodities have had a fairly low correlation to stocks. However, they also carry a fair amount of risk with them. The focus of any fund is what usually determines the risk. For example, let’s say you invested in a foreign technology company using a venture capital fund. The risk profile of this investment will be strongly linked to the economic risks of the country the tech firm is based in. The niche of the company itself will also come with a certain degree of risk.

I hope this article has made more sense of alternative investments for you. They’re a little more complex than stocks, but can still be a fantastic choice.


Image credits:

Pixabay / Wikimedia / Wikimedia / The Blue Diamond Gallery

Types of Commissions

Money_CommissionCommissions have always been part of sales and there are different kinds of commissions such as:

Gross Profit: this refers to the amount of money that is in addition to the total cost of the manufacturing of a particular product. If for example it costs $15 to make a perfume and is sold for $20 by the business owner or company, then the excess $5 is the gross profit. 

Revenue Commissions: This is the kind of revenue that real estate agents earn or those who sell cars or even clothing. The amount they earn is dependent on the percentage or their cut of the overall sale. An example would be a real estate agent selling a property for an amount like let’s say $100,000 with the agent getting a 5% commission. If the agent successfully closes a deal, then he earns 5% of the amount of the property sold which would be $5,000. 

Revenue Gates: The amount of commission a person earns is based on how much he or she is able to sell. Some companies assign a fix percentage of commission depending on how much sales a sales representative is able to deliver. So the higher the amount a representative sells , the higher the commission he or she gets. 

Every sales industry follows a specific commission structure and each one has its own advantages and disadvantages.


3 Quick Tips In Investing In Commercial Real Estate

Investing in commercial real estate requires more than patience and diligence. You have to devote a lot of time in terms of researching and expanding your network of contacts. If you are someone who plans to make it big in the real estate commercial industry then you may want to follow the tips below:

Get Bigger Places: Always remember that the more units you buy the more an apartment becomes affordable. This means that if you had to choice, you should go for an apartment having ten units than an apartment having only five units. 

Real Estate Investment

Do Not Rush:  Make sure your home doesn’t need any repairs. Have a company like Houston Restoration Services inspect it.Do not expect to be able to sell a commercial unit soon since it takes longer to sell as compared to single-family houses. It is also the same when it comes to renovating them, as well as buying them. Refrain from looking at it as a means to make a quick buck but more of a long-time investment. 

Do Not Settle With Apartments:  Apartments are not the only properties that can be bought and sold. There are also other properties available out there such as office buildings, mobile home, lands and many more. The best thing to do when starting your real estate life is by finding a particular niche that you will dedicate your time and attention to. 

Investing in commercial real estate takes a very long time to bear fruits and unless you are persevering, you will not become successful in the field.

Tips When Borrowing Money From Banks

People who need a huge amount of money to establish a business, to buy a car and many more, but could not immediately produce it often resort to borrowing money from the bank. If you are someone who plans to borrow money from the bank, you may want to keep the following in mind:

  • Get In Touch With The Bank: The first thing that you have to do is contact the bank that you are planning to borrow money from. Talk to someone who is assigned to manage loan applications and inquire if they can offer you the loan that you are looking for. Make sure that you ask on how to process it as well as the requirements to accomplish it.
  • Fill Out The Application Form: When filling out application forms, make sure that you know your social security number and you have the documents required for the particular loan you are applying for. A loan for a vehicle would likely require documents about the vehicle while a mortgage on the other hand may differ.

Pay Your Debt

  • Be Prompt With Your Payments: make sure that your account is carefully managed. This means that you have to make sure that your payments are prompt and the last thing that you want to do is be late on payments. Doing so will decrease your credit score and will make you less likely to get approval for a loan in the future from the bank.

Borrowing money from the bank or from anyone for that matter entails a big responsibility on the borrower. And the borrower should realize this and act upon it.

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