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5 Reasons Why You Should Invest In Real Estate

For those that are savvy about making smart investment choices, putting money into real estate is often one of the best decisions to make. While the property market has certainly had its ups and downs over the recent years, it still remains a great opportunity for investors who have the resources and ability to purchase property. Read on for some reasons why investing in real estate is a smart choice.

The growth of the rental market is a great opportunity

The US, like many other economies, has seen a growth in foreclosures across the country, as homeowners have struggled to meet mortgage payments and costs, with rising unemployment, health concerns, and more. This has led to a boom in the rental market and can present a great opportunity for investors, as it can provide what is essentially a source of passive income for the buyer.

Rental properties can be a fast and effective way to invest your money, and it is often a fast-moving market. If you’re considering this as a possibility, you may want to keep private money lenders on hand to help you snap up a great property as soon as the opportunity arises.

Real estate has a more secure asset value

Unlike investing in stocks or bonds, where share prices can fluctuate greatly with changes in demand, real estate has a much more stable and higher value. Land and property will always be worth something, and this is a tangible value that you can have confidence in over a long period of time, making it an ideal long-term investment.

Real estate will increase in value over time

Some forms of investment, such as cars, technology or stocks, can depreciate over time, particularly as trends or demands change. However, while real estate has seen highs and lows over the recent years, overall, it tends to increase in value over time.

As a result, investors who are able to hold on to their properties to weather any short-term economic challenges can often end up far better off in the end and make significant amounts of money from their properties.

It can come with some useful tax benefits

Laws around tax can vary according to different states, but overall, property investments can pose some great tax benefits. You may be entitled to tax deductions on various costs, such as operational expenses and costs, property taxes, mortgage interest and home insurance.

It can help diversify your portfolio

A wise and shrewd investor will opt for as diverse a portfolio as possible, to help spread and mitigate the risk of loss. Real estate has many advantages, and as a long-term investment with many other benefits attached, it can provide a great complement to more volatile investments in your portfolio.

If you are not sure about the right mix of investments to choose from, it is always worth asking for professional advice to help you find the best investments for your personal goals and objectives.

Sell Or Stock Up? 5 Tips For Assessing Investment Opportunities During The Pandemic

Investing is a great way to get ahead and earn some (mostly) passive income. Setting it up, however, isn’t always fun. You need to do your research or you stand a very real chance of ending up out of pocket. The good news is, the current economic climate is ideal for many investment options. That’s why we’ve put together this guide for assessing opportunities during the pandemic.

Property

Commercial property investment tends to offer more stability in rental income than its residential counterparts as businesses are less likely to move. This makes them a solid investment option for those looking to make a more secure long-term play.

Assess any opportunities with the help of a real estate professional. They’ll be able to help you figure out whether commercial property is for you, and if so, which property best aligns with your current situation and future goals.

Precious Metals

While owning gold and silver won’t necessarily bring you immediate gains, it is a great way to preserve the value of your money if you’re looking for a little less risk. Professional sellers often offer storage alongside your purchase. This removes the hassle of having to manage your precious metals yourself.

Because the value of gold and silver tends to rise with inflation, you won’t lose value like you would with your money sitting in a low-interest savings account. Precious metals should be assessed based on accessibility, whether you can store them safely, and whether you want to grow, or simply protect, your money.

Emergency Fund

Speaking of savings accounts, there is one that you should invest in – an emergency fund. Although this won’t net you the largest growth to your wealth, storing adequate funds to get you through a rough patch is always a good idea.

This is even more important right now because of the instability within the world economy. Find the highest interest savings account you can, and do your best to park at least three to six months’ worth of expenses in it.

The Stock Market

Although volatile, the stock market almost always provides decent returns if money is left in there long enough. With the pandemic causing stock prices to plummet, now could be a great time to get into the market. We can’t tell you which particular companies to buy into, but if you do your research, you’ll be sure to find ones that match your goals and values.

If you’re serious about getting into the market, you can opt to educate yourself and improve your financial literacy or seek the assistance of a financial advisor. For those who’ve already dabbled in the market, please don’t sell unless you have to – you’ll be in a far better position if you can ride it out.

Yourself

Although tangible investments are great for building wealth passively, the value of investing in yourself should never be underestimated. The stronger your skill set is, the more opportunities you will have. Over time, this can lead to exponential growth in your active income, giving you more opportunity to build passive income streams. In other words, investing in yourself is always a good idea.

An emergency fund and self-investment are both strongly recommended, no matter who you are or what stage of life you’re in. The others will require a bit more investigation to work out whether they’re right for you. As long as you come out the other side of this pandemic with your health, you’re a winner, but that doesn’t mean you can’t get ahead financially. Happy hunting.

 

General Personal Finance Tips For Life

Crafting yourself into a person that does well with their money is a labor of love. You have to be devoted to creating better habits, and you have to be dedicated to a lifelong path.

It’s better to learn the hard lessons in financial management early on in life, so you have plenty of time to recover from any mistakes. Start now, and read a little information about some general personal finance tips that will help make your life more stable along the way.

Spend less money than you earn

It seems like everyone should already know and apply this piece of advice, but they don’t. Three quarters of Americans effectively live their lives paycheck to paycheck.

Learn this lesson, and don’t make yourself learn it over and over again. Spend less money than you are earning, and you’ll always come out on top. If you’re not making enough money to cover the minimum living expenses of your life, then you need to make some adjustments.

Learn to master the art of budgeting

Budgeting your money may seem like a simple matter of writing a few things down each month, but there’s more to it than that. A good budget flows alongside your cash flow.

For instance, your rent and car payment probably shouldn’t be hitting at the same time every month. Instead of being broke that week, try negotiating a different due date with your car loan company.

Understand legal processes regarding money

Clearly you don’t necessarily need to pick up a law book and go to town, but it’s a good idea to learn a little about some common legal processes regarding money. The more you know, the less likely you are to get the short end of the stick in these situations.

For instance, it’s helpful to understand the specifics of money in probate. Someone in your family may leave you something to help make your life a little easier, and you want to know how to effectively move that money through the legal system.

Always have running financial goals

Never allow yourself to have a passive attitude about your money, or you may find yourself lacking. Stay active in terms of building your financial stability throughout life, and make sure you always have running goals. You need something to drive you forward, so you never grow stagnant.

Be mindful of the debt you create

The real goal is to operate throughout life without debt, but that is not a very feasible course of action for most people. Instead, make sure you take debt very seriously. Be super mindful of the debt that you do choose to create in your life, and always work hard to pay it off quickly.

What Are Car Title Loans and Can They Help You?

If you need money fast to pay bills, or a home emergency has struck, a car title loan is designed for people like you. To qualify for a car title loan, you must own your own vehicle or owe very little on it. Should you not keep up with repayments, you will risk your car being possessed. To give you more clarity, here is a guide on what car title loans are and how they can help you.

What Is a Car Title Loan?

Title loans are very similar to payday loans and they work in much the same way. Like payday loans, car title loans are short-term and the lender doesn’t perform a credit check on the applicant. Unlike a payday loan, however, a car title loan is secured on an asset, which in this case is your vehicle. The amount you can borrow is determined by the value of your vehicle and where you live. So, if you own a BMW in mint condition and you live in Beverly Hills, you can borrow a lot more than someone trying to borrow against a wreck whilst living in a trailer park in Detroit.

Applicants can borrow as little as $100 and as much as $10,000.

How they Work

Car title loan applications are usually done online. You can normally borrow between 25% and 50% of the car’s value, and you must own the car’s title. Cars covered by an existing finance agreement through another lender are not eligible for a car title loan.

To complete your application, the lender will want to see the vehicle, a clear title, proof of insurance and photo identification. If you can’t repay the loan on time, the lender has the ability to repossess your vehicle and sell it to get their money back.

The Effect on Your Credit Score

Car title loans are a great way to get instant cash. However, if you don’t repay the loan, it could push you into more debt. Car title loans charge higher than usual rates of interest, although not as high as bad credit payday loans. The earlier you pay off your loan, the less it will cost you, so don’t borrow more than you can afford.

In most instances, a car title loan Bloomington il won’t have any impact on your credit score. While this may sound great, there are some cons too. Not only do most car title lenders not run a credit check, but they don’t report your payments to the credit bureaus, meaning this kind of loan won’t benefit your credit score if you’re trying to improve it.

Reasons to Take Out a Car Title Loan

If you have a home emergency that needs sorting immediately, a car title loan can be a good way to cover the cost and bring you peace of mind. They can also be useful for managing debt, paying unexpected bills and covering the cost of an upcoming family vacation.

If you need quick cash and you have bad or no credit, a car title loan may be the best option to take. To avoid paying additional fees or losing your car, make sure that you read the terms and conditions and stick to the repayment schedule.

 

7 Powerful Moves to Save Yourself From Financial Crisis

Even before the pandemic struck, the danger of the inevitable financial crisis was already looming on the horizon. Governments and institutions have decided to get in step and accept the imminence of the financial crisis. In the last financial crisis, people lost homes, jobs, and even both. This was a traumatic situation that many have not yet healed. The crisis left many uncertain of the future and stuck in situations that they could not escape. The COVID-19 health crisis has, in a matter of weeks, placed the economy on sabotage. The pandemic effects are still on the rise, and the world is on the course of an economic crisis. However, people and institutions are unprepared to handle the looming crisis.

Many are left wondering what to do to save their livelihoods, companies, and even assets. Considering that the pandemic was pretty much not expected, the effects of the financial crisis would be gruesome and long-lasting. However, you can take steps as soon as possible to improve your situation before matters get worse. This includes finding ways to ensure that your little investment generates the maximum income even when faced with a crisis. The following is a list of all the possible moves you can take to alleviate the looming crisis effects.

1. Invest in Gold

Gold is one of the investments that can protect your finances. It is also the safest investment because it is an asset capable of maintaining the purchasing power with changes in the economic spectrum. Despite the ups and downs in the financial sector, gold also keeps its value and increases in value during the hard-hitting financial crisis times. All the factors that lead to the decline of stock and bonds’ value have the effect of making the value of gold in the market rise.

2. Cryptocurrencies are Stable than Most Currencies

Investing in gold will hold the value of your investment through the tough times. However, your investment becomes static since making payments to purchases cannot be done online using gold. This is where the cryptos kick in. To handle your day-to-day services, you will need a constant flow of cash. However, holding cash in during rough times is not advisable. In the wake of technology, cryptocurrencies have brought in the new wave of easier, fast, secure, and efficient purchasing.

Cryptocurrencies are the best alternative to gold since, apart from not succumbing to the effects of a financial crisis, they offer transactional efficiency for any event. If you have not yet invested in cryptocurrencies, this is the time. Some of the cryptocurrencies out there include bitcoins, Ethereum, and others.

3. Protect Yourself by Ensuring You Have Federal Insurance

Another way to ensure that your assets are secure and safe is to look for insurance from the FDIC insured financial institutions. You can do this by taking a look at your local bank account to find if it is federally insured. Since most investments don’t have automatic insurance, it is important to insure them to be ready for tough times. You can also consider getting insurers, such as Youi, for your businesses and properties to protect you during times of need.

4. Investing in Core Sectors of the Economy

Another thing that everyone should take note of is the fact that during a financial crisis, it is not all sectors that go under. Most sectors will succumb to the rolling waves of bad financial times, but other sectors will be reaping benefits from these situations. For instance, utilities, healthcare, transportation, and consumer goods are sectors that don’t experience the effects as much as the others.

When other sectors are struggling to stay afloat during the crisis, these sectors experience the opposite effect. This is because the sectors are very crucial, and the governments would do anything to protect them. Without these sectors, normal life is adversely affected.

5. Invest in Emergency Funds

If you have not yet invested in some emergency fund account, it is high time you consider the idea. The financial crises that happen are completely unpredictable, and you wouldn’t say this is the last one. You can cushion your finances by reevaluating how you spend on budget allocation. This will ensure that the funds you have for tough times accumulate. Investing in emergency funds is especially important when dealing with lost jobs and properties.

6. Refinance Your Mortgages Soonest Possible

It is time to refinance the mortgage that you hold. If you are capable of acquiring a home equity line of credit, you can then use it during times of real emergencies. However, you will need to refinance your mortgages to lower the fixed rates that will put you in better financial shape beyond the line of credit.

7. Find an Income Generating Proposal and Invest in It

The worst thing that could happen to you is lost financial grip. This could especially happen if your financial reserves run out, and you cannot do anything about it. To prevent this, you can invest part of your reserves in some performing business ideas. This idea should run in the sectors that perform well during financial crises. This way, you will keep your money in circulation and keep generating more income.

Conclusion

Predicting tomorrow might be a difficult task. This is especially difficult since any pandemic or disaster will have effects in diverse areas of your life. However, it is important to brace yourself for tough times and keep yourself ready to handle any surprise that might come your way. This is important in blunting the effects of a crisis when it comes.

5 Ways to Reduce Your Spending & Save Money

Saving money and reducing spending is a wise move for anyone, even if you have a healthy salary. Many of us spend without devising a long-term budgeting strategy, which can affect our financial health in the long run. While there are hundreds of ways of saving money, below are a few important ones that may help you put the brakes on your spending and add more dollars to your bank account.

  • Move Bank Accounts

If you’ve been with the same bank for years, you may want to look into alternatives. Many banks offer sign-up bonuses with attractive interest rates that could boost your savings and slash any fees you might be paying with your current bank. Do some research and find out whether you qualify to sign up at another bank with better savings account rates.

  • Don’t Rely on Credit (Or Use It Wisely)

It can be tempting to put purchases onto your trusty credit card. After all, you can pay for it later, right? Inevitably though, things come up and that purchase you intended to pay for will keep getting put off. The ‘pay later’ mentality is what often gets people into trouble if they’re not careful. Before you know it, you could be nearing your credit limit while your savings and cash flow are dwindling. Try to save your credit card for emergencies or very special occasions. In other words, use it wisely. Your bank account will thank you for it.

  • Eliminate Unnecessary Subscriptions

Ask yourself whether you really need your Spotify, Netflix, and Amazon Prime subscriptions. While these seem like small-dollar amounts per month, when you add them up over a year, it can amount to quite a lot. Decide what’s important to you in life and then eliminate anything extraneous. After all, wouldn’t you rather be able to afford a down payment on a house rather than be caught up with the boxset of Breaking Bad?

  • Find Alternative Ways to Socialize

Socializing can be an enormous drain on our finances. Depending on how you do it, going out is a luxury that unfortunately costs a lot of money. Consider how much you spend when you go out for dancing and drinks with friends or if you spend several weekends attending theater shows. While it’s important to unwind and have fun, try to find alternative ways to socialize. Summertime affords the perfect opportunity to spend time outside in parks or hang out in nature somewhere.

  • Look for Deals and Discounts

This can take extra time and research but looking for deals and discounts is another great way to save. For example, utilizing eBay Coupons can get you access to free shipping, daily deals, and cashback if you know where to look. Comparison shopping is also a good way to find the same products at lower prices. Many retailers also offer online deals, so it’s a great idea to see what’s on offer before heading out to the stores.

Saving money can be both easy and difficult. With the right mindset and proper planning, you can curb your spending habits and begin to nurture your financial nest egg.

 

3 Things You Should Know About Title Loans

No one likes to be in a position where they need to take out a loan to afford to make certain payments. That being said, should the occasion arise where you require a loan, you have several options available to you. One of those options is that of the title loan.

Typically, a title loan is a type of loan where the title of one’s car is used as collateral. These loans can provide funds when those situations arise that send your financial situation spinning a bit. There are a few points that many people don’t understand about these loans, though. Here are three things you should know about title loans if you are looking to explore your loan options.

1. You Keep Your Car While You Repay the Loan

When you take out a title loan, you don’t have to surrender your vehicle to the lender. Rather, only the title of your car is handed over as collateral. You will continue to drive your car as usual throughout your loan repayment process.

Lenders like title loans Albuquerque will factor the value of your vehicle into the loan and assess your ability to repay using your credit history. Once you have completed all of your payments, then your car title will be returned to you.

2. You Can Use the Title of Any Vehicle that You Own

You don’t necessarily need to use the title of your car to take out a title loan. Rather, the title of any vehicle that is in your name will suffice as collateral for your loan. If you need a smaller loan and the value of your motorcycle is sufficient enough to get you the amount that you need, then that will work just fine. Again, you only need to hand over the title of your vehicle as opposed to the vehicle itself.

Oftentimes, something like the title of an RV or motorhome is preferable as these vehicles can be worth much more than a car. In this way, you might be able to secure a more significant amount for your loan.

3. The Process Is Quick

One of the aspects of title loans that makes them so appealing to borrowers is the fact that you can get the money you need fast. Similar to a payday loan, title loans are processed quite quickly so that you can have your cash within the same day that you apply. The repayment timeline is also generally shorter than other loan options with many lenders looking to have the loan repaid within a month or two.

Bear in mind that because this is the case, title loans tend to be expensive. This is because of higher interest rates that, over time, can add up quickly. The interest for your loan might be simple or compound depending on the lender you use. Make sure to stick to your repayment schedule or even pay the loan off early if your lender will allow it without penalties.

 

How to Buy Bitcoin Online with Credit Card

In order to buy Bitcoin online with credit card, you’re going to need a Bitcoin wallet. As Bitcoin is a digitalized, decentralized currency, this means that no government or financial institutions rules them. Hence, you don’t need a lot of information to start a bitcoin wallet, which is essentially the same as a bank account.

How to Create a Bitcoin Wallet

You can get a Bitcoin wallet through any of the good Bitcoin brokers. Make sure they are fully certified, however. Once you open your wallet, you will be provided with an address, expressed in letters and numbers. You will also receive a private key, which will be your password.

Using Bitcoin to Process Payments Anonymously

Bitcoins can be used for three things:

  1. To buy things.
  2. To send money to someone else anonymously.
  3. To use as an investment.

Bitcoin is becoming a commonly accepted form of payment. When you use it, you buy anonymously, because the recipient can only see the number of your Bitcoin wallet. This means you can also send money to others anonymously.

Using Bitcoin as an Investment

While Bitcoins are decentralized, their price does fluctuate. For instance, at the start of 2013, a bitcoin was worth around $400. By the end that year, the price was around $1,000. This means that, on a single bitcoin, someone could have made $600. However, the prices do go up and down, although that is true for any type of investment.

Gambling with Bitcoin

Because Bitcoin is anonymous, the gambling industry quite likes it as a form of payment. Hence, there are now numerous online casinos and poker websites where Bitcoins are accepted. Here, players are encouraged to deposit their Bitcoin and use it to play various games. Because these games are online, the player allows the casino to link directly to their Bitcoin wallet. This means that there is very little, if any, government control or taxes.

How to Send Bitcoin

If you want to pay for anything using Bitcoin, or send some Bitcoins to a friend, you need three specific things:

  1. The address of your bitcoin wallet. (Input)
  2. The address of the bitcoin wallet of the person you are sending it to. (Output)
  3. Your private key.

Besides input and output, balance is also very important, which is the amount that has to be transferred through your wallet to that of someone else.

It is very important that you gain a greater understanding of what Bitcoins are, how they work, and what the pros and cons of different wallets are. While the money is digital and decentralized, as well as being anonymous, it is still real money.

Seven Tips To Save Money In 2020

Your finances are an area of life you can’t ignore and the more informed you are the easier it is to make important decisions. However, even with good planning money can be limited and in 2020 everyone is looking for ways to save money and cut expenses. Luckily, saving money is not reliant on one solution and there are several different ways to bring down costs and improve your finances.

Saving money can involve a lot of different approaches, techniques, and changes to your lifestyle. With so many options and a high degree of flexibility, it can be hard knowing where to start. Here are some tips for saving money this year that should take some of the mystery out of improving your finances.

Seven Tips For Saving Money In 2020

  1. Budgeting: a well thought out though budget is the first step to getting your finances organized and saving money. It’s hard to save money without knowing what your expenses even are and where your money is going. A budget not only gives you a very useful overview it also allows you to see areas where spending can be cut.
  2. Plan Your Meals: a lot of needless spending comes from a lack of planning and related impulse buying as it relates to food. By planning your meals in advance you can take advantage of money-saving strategies such as bulk buying, sales, and coupons.
  3. Eat Out Less: related to meal planning is cutting back on fast food as it quickly adds up. While you certainly don’t have to give up takeout entirely random trips to the drive-through can be cut down. This is especially true for coffee as a lot of money can be saved by making your own coffee at home as opposed to buying it at a large chain or local coffee shop.
  4. Memberships And Subscriptions: while subscription services can greatly improve the quality of your life they can also be a source of wasted money. They are very easy to set and forget and you may be paying for services you never use. Review your monthly subscription costs and cancel the ones that you don’t use or don’t use enough to justify the cost.
  5. Cable: one of the most cited areas where people save money is with their cable bill. If you’ve looked at your cable bill recently you know it can be an expensive service. Like with a subscription you should make sure your investment is worth it based on how you use it. You don’t have to get rid of cable entirely, downgrading is certainly an option and many cable companies offer deals if you call them and talk it over.
  6. Your Cell Phone: much like with cable your cell phone plan is another area where you can easily overpay. A key area of cell phone expense is the data plan and while it’s certainly convenient unlimited data is expensive and sometimes unnecessary. Depending on how much cellular data you use (and how often you’re on WiFi) downgrading to a lower data amount can be a way to save money. Many cellular phones and apps allow you to track your data usage so you can get an idea of how much you really need.
  7. Organizing Your Home: taking stock of your possessions can help you save money in two ways. First, any items you no longer need can be sold at a yard sale or one of many online marketplaces for a small profit. Two, possessions that you no longer use often do have a related cost of ownership expense, this can be the space it takes up, upkeep expenses, storage fees, and related moving costs when you get a new home or apartment.

Final Thoughts

As the above list shows there are many different areas of your life where you can cut costs. Also, the above is only a few of the many different ways you can save money. In 2020 there are numerous lists and entire books devoted to the subject, many of which you can apply right now in your own life. So don’t be afraid to sit down, start looking at where your money truly goes, and see how you can cut down on those unneeded expenses.

Emergency Fund – 5 Strategies To Apply If Your Emergency Fund Has Run Dry

While it’s true that fools and their money are soon parted, unforeseen circumstances can leave even the best of us with empty piggy banks. Coronavirus is prompting lockdowns around the world, and many people have found themselves with nothing to fall back on.

With countless salaries unpaid and retrenchments galore, bringing home the bacon has never been harder. Luckily, it isn’t the end of the world. You can still get back on your feet by applying these five simple strategies.

  • On the House

Though low-interest loans have better terms, they’re not easy to sign up for, especially when the repayment of that loan is guaranteed by the roof over your head. The interest rate may be reasonable, but you should know there are fees for putting them in place. So, weigh your options and ensure you’ve gone through all the fine print before signing anything.

  • Hedge Against Hunger

Have you considered the hedge fund at your place of work? Surely your employer has a retirement plan set up for you? At the end of the day, that money is yours – you’re just collecting it sooner than expected.

Accessing it is relatively straightforward. There are no background checks, and you won’t be charged any interest because it’s not a loan. Just know that pulling this money out is the same as opting out of an investment – you’ll be missing out on financial growth.

  • Cash in Your Chips

Do you have any investments you can dip your fingers into? Maybe you’ve got some Bitcoin stashed away somewhere. Perhaps there’s an asset you can sell or rent? Such things increase and decrease in value all the time, and remember – you can always invest again when the dust of the global pandemic has settled.

  • Cutting your Losses

Whenever you’re in financial doubt, you can almost always rely on credit cards. Though you don’t want to land yourself in long-term debt, if you make it a point to settle the bill in full every month, you can actually improve your financial situation by getting a credit card. Be mindful of interest rates, balance the books, and make sure you can handle taking on the debt.

  • Banking on Mercy

Has it crossed your mind to talk to your creditors? Your bank should be able to pump the breaks on your loan until you can start making payments again. Banks are not monsters – you can come to an agreement if you take the time to explain your situation. As long as you don’t show signs of criminal intent, they should be willing to assist you.

Being unable to make a payment is not a crime – if you’ve been making payments every month without fail, chances are you can be trusted with a repayment pause.

If you don’t have a loan with the bank, why not take one now? You could always op for a personal loan, but the high-interest rates are something you should chew on before making a commitment. You don’t want to put yourself in a situation that’s worse than the one you’re in. After all, emergencies can often stretch out longer than anticipated.

Emergencies can bring out the worst or the best in you. How you react to the situation will determine your financial situation for years to come. What you do now can leave you up to your eyeballs in debt or it can leave you riding the gravy train. Choose wisely, see the other side of the coin, and don’t live beyond your means.

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