With the recession technically over (according to most analyst), many organizations are seeing slightly increase demand for their services. However many organizations find themselves in a peculiar situation, after streamlining their activities to survive the Great Recession, they are unable to meet increased demand from customers.
Financial institutions have tools, such as working capital programs to alleviate this situation. Cash starved, rapidly growing organizations have taken advantage of working capital programs for many years, in order to successfully balance cash-flow and business growth expenses. The following are three typical working capital programs:
Merchant Cash Advance: This device works on the simple premise of cash now for cash later. Financial institutions lend money to the business in a lump sum, based upon incoming credit card payments. A small portion of the credit card receivables is held onto as a form of collateral, and then is released as the principle is paid off.
Accounts Receivable Factoring: This form of working capital is very similar to the merchant cash advance mentioned above. However, instead of credit card payments, the financial institution uses the accounts receivable of the organization as a form of collateral. This is the main difference between the two. Usually this form of working capital is used by medium sized organizations that have larger accounts with firms that do more of their transactions on a receivable basis.
Purchase Order Financing: Primarily used by organizations that sell physical goods, this financial tool is particularly useful for large orders that strain an organization's capacity and cash-flow. Purchase order financing works in the following simplified way: 1) the financing company provides the money for the purchase order, ensuring the customer of goods gets all the goods from the manufacturing organization. 2) The goods customer then pays the financing company directly, bypassing the manufacturing organization. 3) The financing company then passes along all of the earnings, minus a financing fee, to the organization that created the goods.
While these are not the only three working capital programs used to aid growing organizations, these are three of the most commonly practiced versions. Never let another potential transaction slip through your fingers due to cash-flow or capacity restrictions!
- Brad Harmon, CLP
www.firststarcapital.com
Sunday, April 29, 2012
5 Ira Guaranteed Interest Options You Need Know About To Boost Retirement Earnings
Looking for IRA guaranteed interest? You have a number of options that guarantee a return on your investment. The question is this. How much do you want to earn?
As much as you can, of course, but how much can you reasonably expect to earn? That really depends on your investing choices.
Option #1 - Certificates of Deposit
A bank CD offers IRA guaranteed interest for a specific period of time. Currently, the average rate of return on a five-year IRA-CD is 4.01%.
Let's say that you have already started your nest egg and you have 0,000 to invest. Since, your money is protected by the FDIC; you feel it is safe in a bank. So, after five years, you have earned an additional ,000 in interest. What are your other options?
Option #2 - Treasury Notes, Government Bonds
Sadly, the maximum you can earn here is between 2% and 4%. It is IRA guaranteed interest and it is the safest option, since it is backed by the US government. It's just that most people need to earn more, in order to fund their retirement.
Option #3 - Stock Market
Many people end up investing in the stock market, under the recommendation of the company that manages their funds. Advisors and analysts look at historical data that may or may not be relative to you, today. It's all a gamble. There is no IRA guaranteed interest in the stock market, regardless of what the analysts say.
I have talked with several people of retirement age that simply do not afford to stop working. These are not people that failed to plan ahead. They saved and invested. They talk to investment advisors. They had 401Ks and other retirement accounts. But, they all listed to the traditional advice an put their money in the stock market.
By the time that you read this, things may have settled down in that market, but at the time of this writing, the stocks were doing a crazy dance. Last week, there was a historical plunge on Monday, a partial recoup on Tuesday, and on Wednesday it went up and down all day. People worried about their future wealth were biting their fingernails. There is another choice.
Option # 4 - Real Estate
You might not think that the housing market could guarantee a return on your investment. You are probably thinking what if the home value falls. Well, for the sake of argument, let's just look at what you can do in this market.
In the CD example above, you took 0,000 and put it in the bank to earn 4.01% interest. If instead, you had taken the money to buy a house and resold it for a small profit of ,000; you earned 10% interest, more than double. Let's say that you were able to do this three times in a year, the return on your investment would be 30%.
Option #5 The Hidden Real Estate Market
There is also a hidden real estate market the new and seasoned investors are using to quietly rake in substantial gains. It's a way you can buy real estate hassle free, with renters lined up, with guaranteed payments for the first year. While it's not guaranteed interest the returns are fantastic and with relative safety it's worth looking into.
As much as you can, of course, but how much can you reasonably expect to earn? That really depends on your investing choices.
Option #1 - Certificates of Deposit
A bank CD offers IRA guaranteed interest for a specific period of time. Currently, the average rate of return on a five-year IRA-CD is 4.01%.
Let's say that you have already started your nest egg and you have 0,000 to invest. Since, your money is protected by the FDIC; you feel it is safe in a bank. So, after five years, you have earned an additional ,000 in interest. What are your other options?
Option #2 - Treasury Notes, Government Bonds
Sadly, the maximum you can earn here is between 2% and 4%. It is IRA guaranteed interest and it is the safest option, since it is backed by the US government. It's just that most people need to earn more, in order to fund their retirement.
Option #3 - Stock Market
Many people end up investing in the stock market, under the recommendation of the company that manages their funds. Advisors and analysts look at historical data that may or may not be relative to you, today. It's all a gamble. There is no IRA guaranteed interest in the stock market, regardless of what the analysts say.
I have talked with several people of retirement age that simply do not afford to stop working. These are not people that failed to plan ahead. They saved and invested. They talk to investment advisors. They had 401Ks and other retirement accounts. But, they all listed to the traditional advice an put their money in the stock market.
By the time that you read this, things may have settled down in that market, but at the time of this writing, the stocks were doing a crazy dance. Last week, there was a historical plunge on Monday, a partial recoup on Tuesday, and on Wednesday it went up and down all day. People worried about their future wealth were biting their fingernails. There is another choice.
Option # 4 - Real Estate
You might not think that the housing market could guarantee a return on your investment. You are probably thinking what if the home value falls. Well, for the sake of argument, let's just look at what you can do in this market.
In the CD example above, you took 0,000 and put it in the bank to earn 4.01% interest. If instead, you had taken the money to buy a house and resold it for a small profit of ,000; you earned 10% interest, more than double. Let's say that you were able to do this three times in a year, the return on your investment would be 30%.
Option #5 The Hidden Real Estate Market
There is also a hidden real estate market the new and seasoned investors are using to quietly rake in substantial gains. It's a way you can buy real estate hassle free, with renters lined up, with guaranteed payments for the first year. While it's not guaranteed interest the returns are fantastic and with relative safety it's worth looking into.
Friday, April 27, 2012
No Credit Check No Upfront Fee Loans-Pertinent fiscal deal for uncertain cash troubles
Are you afraid of getting the loan aid due to paying off application fee and additional charges? If you are in need of quick additional funds to meet your cash crisis, here is no credit check no upfront fee loans for you. These loans are also approved by those applicants who are having imperfect credit scores. Therefore, whenever you are facing some unwanted financial mess and looking for immediate loan aid, get this loan assistance for quick fix fiscal aid.
The approval of No credit check no upfront fee loans does not demand any tiresome loan procedures as it can be applied directly online. Just meet few of the eligibility criteria before getting applied with this loan. Such as:
1. The applicant should hold a valid and active checking account for direct online transactions 2. You need to be a regular employment earning at least 1000 per month 3. One needs to hold a permanent citizenship of UK 4. You should be an adult with the age of eighteen years or above 5. Good repayment ability adds preference to your loan application.
No upfront fee loans, as the name says are hassle free financial deal that is free from credit checking process. Lender does not disapprove your loan application on the basis of your credit scores. Therefore, even if you are tagged with several bad factors such as CCJ, arrears, defaults, bankruptcy, foreclosures, skipped payments, late payments and so on, you are still avail this loan aid without any snub. There will be no discrimination between the good or bad creditors.
Go online for the affordable and reasonable deal of no credit check no upfront fee loans. There are numerous lenders that are offering the deal at competitive rates. Search carefully and end up with better and affordable deal. Moreover, application does not take much of your time as it just involve filling up a single application form with few desired details. Once you are approved, funds will transfer in your account to use. You need not have to face a mere delay and trouble.
One need not have to bother to arrange any collateral as it is small loan aid for needy people. Check out this fiscal aid to access the desired loan money in a real convenient manner. Thus, whenever you face some cash hassle and have bad credit scores, this is the right place for you.
The approval of No credit check no upfront fee loans does not demand any tiresome loan procedures as it can be applied directly online. Just meet few of the eligibility criteria before getting applied with this loan. Such as:
1. The applicant should hold a valid and active checking account for direct online transactions 2. You need to be a regular employment earning at least 1000 per month 3. One needs to hold a permanent citizenship of UK 4. You should be an adult with the age of eighteen years or above 5. Good repayment ability adds preference to your loan application.
No upfront fee loans, as the name says are hassle free financial deal that is free from credit checking process. Lender does not disapprove your loan application on the basis of your credit scores. Therefore, even if you are tagged with several bad factors such as CCJ, arrears, defaults, bankruptcy, foreclosures, skipped payments, late payments and so on, you are still avail this loan aid without any snub. There will be no discrimination between the good or bad creditors.
Go online for the affordable and reasonable deal of no credit check no upfront fee loans. There are numerous lenders that are offering the deal at competitive rates. Search carefully and end up with better and affordable deal. Moreover, application does not take much of your time as it just involve filling up a single application form with few desired details. Once you are approved, funds will transfer in your account to use. You need not have to face a mere delay and trouble.
One need not have to bother to arrange any collateral as it is small loan aid for needy people. Check out this fiscal aid to access the desired loan money in a real convenient manner. Thus, whenever you face some cash hassle and have bad credit scores, this is the right place for you.
Faqs About Club O
Online shopping gets better when you take advantage of Club O: Overstock.com's exclusive rewards program. Full of rewards, exclusive events and free shipping, Club O improves your shopping experience by offering you the best rewards program you can ask for. Signing up for the Club O rewards program is easy, but you may not know about all the benefits of being a Club O member. Read on to find answers to frequently asked questions about Club O at Overstock.com.
Questions about Club O:
Is it expensive to join Club O?
A Club O membership costs .95 and gives you benefits and rewards for one full year. With 5 percent rewards on each purchase and free shipping, many customers save far more than they spend on their Club O membership. Since memberships to the Club O rewards program are so inexpensive, especially when you consider how much you'll save, a Club O membership makes a great gift for friends and family.
How do I earn rewards?
You earn Club O rewards with every purchase you make on Overstock.com. Just by purchasing products on Overstock.com, you'll instantly earn 5 percent rewards on everything in your order. There are often exclusive events for Club O members that may offer additional rewards on certain products or on certain days of the year.
Do rewards expire?
Your Club O rewards will never expire as long as your Club O account is active. If your Club O accountexpires, your rewards will be available to you for 90 days after the date your account expires.
Are there any shipping incentives?
An Overstock.com Club O membership gives you free shipping on all your orders, excluding orders under that consist solely of books, movies, media and video games. Free shipping is one of the best benefits of being a Club O member, since it saves you extra money on top of the already low prices and rewards you'll find by being a member of Club O on Overstock.com.
Who can have a Club O account?
You must be 18 years old or older to have an Overstock.com Club O membership. Club O members can also only have one membership per email address. Most members of the Club O program prefer to only have one Club O membership since Club O rewards will only apply to the account items are purchased on.
Can I use my reward dollars with other discounts?
Your Club O reward dollars can be combined with other discounts, coupons and offers from Overstock.com, helping you save even more on your favorite products. Club O reward dollars cannot, however, be used on the same order or at the same time as gift cards or in-store credit.
How do I join Club O?
Joining Club O is easy. Just visit Overstock.com's Club O rewards program page, accept the terms and conditions and fill out your information. Your Club O membership fee will be charged to the credit card associated with your account. You can start earning rewards right away when you sign up for the Club O program.
Questions about Club O:
Is it expensive to join Club O?
A Club O membership costs .95 and gives you benefits and rewards for one full year. With 5 percent rewards on each purchase and free shipping, many customers save far more than they spend on their Club O membership. Since memberships to the Club O rewards program are so inexpensive, especially when you consider how much you'll save, a Club O membership makes a great gift for friends and family.
How do I earn rewards?
You earn Club O rewards with every purchase you make on Overstock.com. Just by purchasing products on Overstock.com, you'll instantly earn 5 percent rewards on everything in your order. There are often exclusive events for Club O members that may offer additional rewards on certain products or on certain days of the year.
Do rewards expire?
Your Club O rewards will never expire as long as your Club O account is active. If your Club O accountexpires, your rewards will be available to you for 90 days after the date your account expires.
Are there any shipping incentives?
An Overstock.com Club O membership gives you free shipping on all your orders, excluding orders under that consist solely of books, movies, media and video games. Free shipping is one of the best benefits of being a Club O member, since it saves you extra money on top of the already low prices and rewards you'll find by being a member of Club O on Overstock.com.
Who can have a Club O account?
You must be 18 years old or older to have an Overstock.com Club O membership. Club O members can also only have one membership per email address. Most members of the Club O program prefer to only have one Club O membership since Club O rewards will only apply to the account items are purchased on.
Can I use my reward dollars with other discounts?
Your Club O reward dollars can be combined with other discounts, coupons and offers from Overstock.com, helping you save even more on your favorite products. Club O reward dollars cannot, however, be used on the same order or at the same time as gift cards or in-store credit.
How do I join Club O?
Joining Club O is easy. Just visit Overstock.com's Club O rewards program page, accept the terms and conditions and fill out your information. Your Club O membership fee will be charged to the credit card associated with your account. You can start earning rewards right away when you sign up for the Club O program.
Wednesday, April 25, 2012
Aspects Involved In Real Estate Contracts
Real estate sales involve a contract, in which the cost of the property and the conditions wherein the transaction is made are drawn. A real estate contract is a means for sealing the agreement between the property seller and buyer. When you hear of a property being under a contract, it means that the seller has signed the contract and that the document has been sent to the buying party.
Real estate agreements involve contingencies, which protect the buyer in the event that he or she finds out that purchasing the property was a mistake. Contracts should include a section on contingencies, which may include rendering the seller liable for structural defects on the property. The buyer may render the contract void in case problems with the property are discovered days after signing the contract.
Real estate sale should start with a contract offer. When a contract offer is made, property assessment should follow and parties should agree on a sale price. The sale price will be used in calculating the final loan amount and down payment. If the resulting sale price is lower than the amount stated on the contract, the loan should be modified. In some cases, the seller may cancel the contract and walk away.
Look at it this way. If a property is sold at 0,000 with 10% down payment, the amount of the loan would be 5,000 and ,000 down payment. If the property becomes appraised at an amount lower than 0,000, the resulting sale price will be negotiated again. If the negotiations go smoothly, the buyer can obtain the property at the lower amount. But, if the seller does not approve of the change in sale price, he or she may refuse selling the property.
A contract offer should involve a binder fee. A buyer produces the binder fee or earnest money to show that he or she is serious in obtaining the property. The amount of the binder fee depends on the offering price.
A real estate contract is first created by a real estate lawyer, and then approved by the local and national real estate board. This contract contains sections that state the rights and duties of both the seller and buyer. What the contract should contain varies among states, but there are pieces of information that should be seen in all real estate contracts. The names of the seller and buyer and the detailed description of the property being sold are essential pieces of information that should be seen on the contract. The sale price should be indicated, as well as the binder fee or earnest money amount. The closing date should be stated. Of course, for that contract to be valid, it should bear the signatures of the seller and buyer.
Buying a property may or may not involve a real estate agent. You can always find properties for sale on the newspapers or on the internet. If you have already contacted the owner and the both of you are willing to make arrangements, you can phone a real estate lawyer to facilitate in the transaction. Your lawyer can create the contract, or they can read the prepared contract to see whether your rights are being followed.
Real estate agreements involve contingencies, which protect the buyer in the event that he or she finds out that purchasing the property was a mistake. Contracts should include a section on contingencies, which may include rendering the seller liable for structural defects on the property. The buyer may render the contract void in case problems with the property are discovered days after signing the contract.
Real estate sale should start with a contract offer. When a contract offer is made, property assessment should follow and parties should agree on a sale price. The sale price will be used in calculating the final loan amount and down payment. If the resulting sale price is lower than the amount stated on the contract, the loan should be modified. In some cases, the seller may cancel the contract and walk away.
Look at it this way. If a property is sold at 0,000 with 10% down payment, the amount of the loan would be 5,000 and ,000 down payment. If the property becomes appraised at an amount lower than 0,000, the resulting sale price will be negotiated again. If the negotiations go smoothly, the buyer can obtain the property at the lower amount. But, if the seller does not approve of the change in sale price, he or she may refuse selling the property.
A contract offer should involve a binder fee. A buyer produces the binder fee or earnest money to show that he or she is serious in obtaining the property. The amount of the binder fee depends on the offering price.
A real estate contract is first created by a real estate lawyer, and then approved by the local and national real estate board. This contract contains sections that state the rights and duties of both the seller and buyer. What the contract should contain varies among states, but there are pieces of information that should be seen in all real estate contracts. The names of the seller and buyer and the detailed description of the property being sold are essential pieces of information that should be seen on the contract. The sale price should be indicated, as well as the binder fee or earnest money amount. The closing date should be stated. Of course, for that contract to be valid, it should bear the signatures of the seller and buyer.
Buying a property may or may not involve a real estate agent. You can always find properties for sale on the newspapers or on the internet. If you have already contacted the owner and the both of you are willing to make arrangements, you can phone a real estate lawyer to facilitate in the transaction. Your lawyer can create the contract, or they can read the prepared contract to see whether your rights are being followed.
Monday, April 23, 2012
Nigerian Online Payment Solution
My Naija people, this is the solution that takes care of our online transaction needs.
It's called Graphcard. This product has been helping a lot of Nigerians to do legitimate business transactions online since 2004.
So you ask yourself, what can it do for me?
Graphcard acts as a means of payment for 1/3 (250 million) internet users in over 260 countries who don't have access to traditional credit cards. The market is projected to be one third of the world's 750 million internet users.
Graphcard enables Internet users to spend cash online. At least a third of Internet users around the world do not have access to the traditional credit cards to pay with. Also those who have credit cards but prefer to pay by cash can do so securely online.
Again, you ask yourself how does graphcard affect consumers?
The answer is simple:
Graphcard services lies "behind the merchant's buy button," the conversion of physical cash to electronic cash paid to merchants. This involves consumers funding their Graphcard account first before initiating payments to merchants
Below is a general summarization of the benefits of using this product which includes, but not limited to those listed below:
The Advantages of graphcard
1. Get prepaid card (debit card)
2. Shop online anonymously without a credit/debit card
3. Get a dedicated US address (virtual office)
4. Get a dedicated US phone number
5. Enables you to sell your goods/services online as a merchant/vendor
6. Enables you to receive payments securely for goods and services when you register as a vendor/merchant on the site.
7. Earn cash when you refer family and friends to use graphcard's services
8. Family and friends abroad can send you money via your graphcard account and you can withdraw it directly into your savings bank account here in Nigeria in naira or as dollars into your domiciliary account.
9. It's very easy and simple to open and own a graphcard account. Above all, it's FREE to create an account.
10. You can have both a personal account and a merchant account (if you decide to sell your goods/services on the site).
11. You can fund your graphcard account which is in dollars with Naira!
Now you ask me, how do I start using this product? It's quite simple actually, just:
1. Log onto the graphcard site.
2. Register for a personal or merchant account as per your need. Just follow through the easy registration process. After your account is created, you will be sent a confirmation email.
Please note also that you will automatically be registered with graphcard's Nigerian partners called VTN (Virtual Terminal Network). You will get an email notification from them as well. Log in to the VTN site with the temporary password and pin number that was generated for you and change your password and pin and also complete the registration process for that site. This is the home based e-commerce site here in Nigeria through which you can fund your graphcard.
This is how it works; you also will create a VTN account, load your VTN account with naira. Then log into your graphcard account and click on the add funds button. It will bring you to a page where you are asked if you are a Nigerian, click on the VTN button. Once you click on the VTN button, you will be asked to enter the amount in naira that you want to transfer to your Graphcard account. Follow the simple process and your naira is converted to dollars just like that. No long story.
You now have dollars in your Graphcard account to shop/transact business online with.
Cheers to your new found freedom online.
It's called Graphcard. This product has been helping a lot of Nigerians to do legitimate business transactions online since 2004.
So you ask yourself, what can it do for me?
Graphcard acts as a means of payment for 1/3 (250 million) internet users in over 260 countries who don't have access to traditional credit cards. The market is projected to be one third of the world's 750 million internet users.
Graphcard enables Internet users to spend cash online. At least a third of Internet users around the world do not have access to the traditional credit cards to pay with. Also those who have credit cards but prefer to pay by cash can do so securely online.
Again, you ask yourself how does graphcard affect consumers?
The answer is simple:
Graphcard services lies "behind the merchant's buy button," the conversion of physical cash to electronic cash paid to merchants. This involves consumers funding their Graphcard account first before initiating payments to merchants
Below is a general summarization of the benefits of using this product which includes, but not limited to those listed below:
The Advantages of graphcard
1. Get prepaid card (debit card)
2. Shop online anonymously without a credit/debit card
3. Get a dedicated US address (virtual office)
4. Get a dedicated US phone number
5. Enables you to sell your goods/services online as a merchant/vendor
6. Enables you to receive payments securely for goods and services when you register as a vendor/merchant on the site.
7. Earn cash when you refer family and friends to use graphcard's services
8. Family and friends abroad can send you money via your graphcard account and you can withdraw it directly into your savings bank account here in Nigeria in naira or as dollars into your domiciliary account.
9. It's very easy and simple to open and own a graphcard account. Above all, it's FREE to create an account.
10. You can have both a personal account and a merchant account (if you decide to sell your goods/services on the site).
11. You can fund your graphcard account which is in dollars with Naira!
Now you ask me, how do I start using this product? It's quite simple actually, just:
1. Log onto the graphcard site.
2. Register for a personal or merchant account as per your need. Just follow through the easy registration process. After your account is created, you will be sent a confirmation email.
Please note also that you will automatically be registered with graphcard's Nigerian partners called VTN (Virtual Terminal Network). You will get an email notification from them as well. Log in to the VTN site with the temporary password and pin number that was generated for you and change your password and pin and also complete the registration process for that site. This is the home based e-commerce site here in Nigeria through which you can fund your graphcard.
This is how it works; you also will create a VTN account, load your VTN account with naira. Then log into your graphcard account and click on the add funds button. It will bring you to a page where you are asked if you are a Nigerian, click on the VTN button. Once you click on the VTN button, you will be asked to enter the amount in naira that you want to transfer to your Graphcard account. Follow the simple process and your naira is converted to dollars just like that. No long story.
You now have dollars in your Graphcard account to shop/transact business online with.
Cheers to your new found freedom online.
Procure a Pay Day Loan within minutes
In course of life unexpected expenses often interrupts with sudden demand of funds. Any person can get puzzled looking for a source of money as various loans in the market takes long processing time. Thanks to Pay Day loans being the best way to procure funds within shortest period of time.
One of the pivotal characteristics of a payday loan is the instant approval of loan amount.
The process of procuring a payday loan is pretty simple.
The basic step involves conducting an extensive search in the financial market to get the best deal at lowest interest rates. Search can be made both offline and online through various sites on the net.
On finding a suitable lender the applicant must fill in an application form giving the details and proof of his age, residential address, employment position and details regarding minimum wages earned by him. He is also requires to submit information regarding his phone numbers payment details, bank name bank account number and his credit worthiness. Here it should be remembered that payday loans are short-term loans, which have to be remitted back on the next day of the pay. Hence an applicant must give the lender a post-dated check as the assurance for the repayment.
The lender will then sanction the amount after strict scrutiny. Here the borrower needs to be clear with the terms and conditions and high interest rates to be charged on the sum borrowed. One has to be careful to get the interest rates in written form according to the norms of Truth in Lending Act as it will help in enjoying a hassle less pay day deal.
Online payday loan companies have made the payday loan processing very easy. You just need to fill in the online application form with the required details of age, income and credit position and money gets transferred to a person's account within 24 hours. However some of the online companies require the details to be faxed to their number for verification. Hence the applicant must be ready with the details such as driving license, pay stubs social security card and blank checks. Such details help the lender to determine the repayment ability of a person.
Pay Day loans indeed sounds relieving and are a quick fix for a person's problem of financial stagnancy in today's world.
One of the pivotal characteristics of a payday loan is the instant approval of loan amount.
The process of procuring a payday loan is pretty simple.
The basic step involves conducting an extensive search in the financial market to get the best deal at lowest interest rates. Search can be made both offline and online through various sites on the net.
On finding a suitable lender the applicant must fill in an application form giving the details and proof of his age, residential address, employment position and details regarding minimum wages earned by him. He is also requires to submit information regarding his phone numbers payment details, bank name bank account number and his credit worthiness. Here it should be remembered that payday loans are short-term loans, which have to be remitted back on the next day of the pay. Hence an applicant must give the lender a post-dated check as the assurance for the repayment.
The lender will then sanction the amount after strict scrutiny. Here the borrower needs to be clear with the terms and conditions and high interest rates to be charged on the sum borrowed. One has to be careful to get the interest rates in written form according to the norms of Truth in Lending Act as it will help in enjoying a hassle less pay day deal.
Online payday loan companies have made the payday loan processing very easy. You just need to fill in the online application form with the required details of age, income and credit position and money gets transferred to a person's account within 24 hours. However some of the online companies require the details to be faxed to their number for verification. Hence the applicant must be ready with the details such as driving license, pay stubs social security card and blank checks. Such details help the lender to determine the repayment ability of a person.
Pay Day loans indeed sounds relieving and are a quick fix for a person's problem of financial stagnancy in today's world.
Saturday, April 21, 2012
Linear Income Versus Exponential Income Growth
When you focus only on increasing your value per hour and the time you spend, your income increases in a linear fashion.
There is a limit to how much you can earn a month, since there is a limit to the number of productive hours you can work. You are literally just selling your time for money.
For example, even if you are a top lawyer who earns 0 per hour and you can only work a maximum of 180 hours a month, your maximum earnings would amount to only ,000 a month or 8,000 a year. Now you may say to me, 'Adam, that's not bad at all!' Sure, but why set a ceiling on your earning power?
However if the lawyer were to use the power of scalability by magnifying and multiplying his value (legal advice), then he could earn five to a hundred times more in that same twenty-four hour period.
Scalability is what separates the upper middle income earners and the rich from the truly super rich. Scalability explains why someone can make 100 times more money within twenty-four hours than anybody else.
Many people have the perception that you can only achieve scalability when you are singer, movie star, sports star or a famous celebrity. Absolutely not!
You can achieve massive magnification or multiplication in any profession, whether you are a chef, garbage collector, lawyer, doctor, teacher or software programmer.
When you fully utilize the power of (value x time x scalability), your wealth will grow exponentially. Let me give you examples of people who have created massive wealth as a result of understanding the power of this formula.
I am sure you have all heard of Colonel Harland Sanders. He is the portly Southern American 'gentleman' the life-size statue fronting all Kentucky Fried Chicken outlets to greet patrons.
Of course Colonel Sanders is a multi-millionaire many times over but do you know that before KFC, Colonel Sanders had found himself at 65 years of age totally broke with nothing but a social security check for 5.
But in less than ten years, at age 73, he had become a self-made multi-millionaire and a household name! How did he achieve this? By being one of the first people in the world to understand the power of multiplication!
Colonel Sander's tremendous value came from his ability to innovate great tasting chicken that people love to eat. How? By developing his secret blend of eleven herbs and spices and insisting that all his chicken be pressure cooked for hours, something that most other chefs were not willing to do.
In fact, Sanders was so insistent on the superiority of his recipe that he refused to sacrifice taste by cooking his chicken quicker. Remember, when you do something out of passion, do more than expected and think of the value you give to others, money will come naturally.
However, initially Colonel Sanders, though he worked day and night selling his great tasting chicken from his restaurant in Corby, Kentucky, never became wealthy. Why? He had the power of (value x time), but he lacked the scalability factor.
It was in fact a twist of fate that got the Colonel thinking of how he could massively scale his value. One fateful day, the government built a highway that diverted all the hungry motorists away from his business. As a result, Sanders was forced to close the business down and that's how he found himself broke at age 65.
Instead of giving up, he came up with the fantastic idea of approaching restaurant owners all over the country to offer them his secret recipe for their use. In return, he would get a percentage of the profits for every chicken they sold.
Within a few years, restaurants all over the country were selling thousands of chicken everyday, using his recipe!
Through his franchising concept, he received thousands of dollars in checks every month. He multiplied his value a millionth fold as a result and at age 73 he could sell his business for million. Remember this was in 1963 and that was a huge sum of money (equivalent to over million today).
You see, when you scale your value, your wealth and success will increase exponentially! Think of ways you can scale your value immediately!
There is a limit to how much you can earn a month, since there is a limit to the number of productive hours you can work. You are literally just selling your time for money.
For example, even if you are a top lawyer who earns 0 per hour and you can only work a maximum of 180 hours a month, your maximum earnings would amount to only ,000 a month or 8,000 a year. Now you may say to me, 'Adam, that's not bad at all!' Sure, but why set a ceiling on your earning power?
However if the lawyer were to use the power of scalability by magnifying and multiplying his value (legal advice), then he could earn five to a hundred times more in that same twenty-four hour period.
Scalability is what separates the upper middle income earners and the rich from the truly super rich. Scalability explains why someone can make 100 times more money within twenty-four hours than anybody else.
Many people have the perception that you can only achieve scalability when you are singer, movie star, sports star or a famous celebrity. Absolutely not!
You can achieve massive magnification or multiplication in any profession, whether you are a chef, garbage collector, lawyer, doctor, teacher or software programmer.
When you fully utilize the power of (value x time x scalability), your wealth will grow exponentially. Let me give you examples of people who have created massive wealth as a result of understanding the power of this formula.
I am sure you have all heard of Colonel Harland Sanders. He is the portly Southern American 'gentleman' the life-size statue fronting all Kentucky Fried Chicken outlets to greet patrons.
Of course Colonel Sanders is a multi-millionaire many times over but do you know that before KFC, Colonel Sanders had found himself at 65 years of age totally broke with nothing but a social security check for 5.
But in less than ten years, at age 73, he had become a self-made multi-millionaire and a household name! How did he achieve this? By being one of the first people in the world to understand the power of multiplication!
Colonel Sander's tremendous value came from his ability to innovate great tasting chicken that people love to eat. How? By developing his secret blend of eleven herbs and spices and insisting that all his chicken be pressure cooked for hours, something that most other chefs were not willing to do.
In fact, Sanders was so insistent on the superiority of his recipe that he refused to sacrifice taste by cooking his chicken quicker. Remember, when you do something out of passion, do more than expected and think of the value you give to others, money will come naturally.
However, initially Colonel Sanders, though he worked day and night selling his great tasting chicken from his restaurant in Corby, Kentucky, never became wealthy. Why? He had the power of (value x time), but he lacked the scalability factor.
It was in fact a twist of fate that got the Colonel thinking of how he could massively scale his value. One fateful day, the government built a highway that diverted all the hungry motorists away from his business. As a result, Sanders was forced to close the business down and that's how he found himself broke at age 65.
Instead of giving up, he came up with the fantastic idea of approaching restaurant owners all over the country to offer them his secret recipe for their use. In return, he would get a percentage of the profits for every chicken they sold.
Within a few years, restaurants all over the country were selling thousands of chicken everyday, using his recipe!
Through his franchising concept, he received thousands of dollars in checks every month. He multiplied his value a millionth fold as a result and at age 73 he could sell his business for million. Remember this was in 1963 and that was a huge sum of money (equivalent to over million today).
You see, when you scale your value, your wealth and success will increase exponentially! Think of ways you can scale your value immediately!
Subscribe to:
Posts (Atom)