Up For Anything

Living life to the Full

How to invest in a business

By 1 Comment

Source

Before investing your savings into a business venture, Marc Leder believes it pays to conduct due diligence and to take the necessary steps to make sure that the business which you plan to invest money into is a viable business, which is likely to provide you with a decent return on your investment.

How to invest in a business:

  1. Decide whether you can commit to launching and operating your own business

The first critical decision you’ll have to make is whether to launch your very own business or whether to invest in an existing business. If you don’t have the necessary capital and time to invest into a new business, you may be better off investing in a business which has already launched. As your only responsibility will be to inject money into your chosen business.

However, if you’re willing to invest a lot of time, money and energy into your own business, you may be able to set up a business which will earn you passive income for the rest of your life.

  1. Try to figure out your initial operating costs of investing in a business

If you choose to launch your own startup business, one of your very first goals should be to work out your initial operating costs. Costs which you may need to factor in include the cost of purchase or renting a storefront and paying manufacturers to create your first batch of products.

If you choose to invest a private company, you will still incur investment related costs such as paying an investment company to purchase stocks on your behalf.

  1. If you choose to found your own company, decide how you plan to fund your business

While it’s highly likely that you’ll invest a great deal of your savings into your startup, you may require a great deal more capital, in order to get your business off the ground. So you may have to consider taking out a business loan or opting to sell a small portion of your business, in exchange for much-needed capital.

  1. Make sure that the business you choose to invest in has a sound, calculated business plan

Whether you need to decide whether or not to turn your plans for a business into a reality or you’re looking to sink cash into someone else’s business, make sure that the business in question has a sound business plan, which shows you exactly how the business will make a profit within the first six months of operation.

Never make the mistake of sinking your savings into a business, which doesn’t have a well thought out business plan as chances are high that you’ll lose all of your initial investment!

  1. Consider meeting with a financial advisor

It’s well worth meeting with a financial advisor, you’ll be able to look over your investment plans, to tell you whether or not they are viable.

Before you invest your money into a business venture which you’re excited about, simply refer back to this handy guide in order to decide whether or not you should go through with your investment.

Sandy Petrocelli – How to Keep Electrical Repair cost in Your Home to a Minimum

By Leave a Comment

Electrical problems in your home can be a cause of frustration and even anger. Electricity is one of the most important services that your home receives. It Powers all of your appliances, and keeps your house cool during the summer and warm during the winters.

When there is an electrical problem there is usually a simple fix. Most times a circuit or fuse is the cause of the problem and can be fixed by the homeowner. However anything more complicated or more difficult than that will certainly require a professional. This is because electricity is so dangerous and can cause harm or even death.

If you must call a professional to fix an electrical problem in your home be prepared to pay handsomely. Electrical contractors typically charge between $75 and $150 an hour for service, and more experienced contractors in New York City, NY like Sandy Petrocelli can charge more. They will also charge a minimum fee for visiting your home which means that no job will be less than there hourly fee.

Although you cannot avoid entirely eliminating the need for an electrician, there are some things that you can do around your home that can minimize the need for one. Who are few ideas help you save money on electrician cost in 2018.

Look out for Warning Signs of a Problem

Wiring and circuits. For the most part it should run smoothly with no problems because the system is electrical however it will be some parts that wear out over time and because electrical current is often Inconsistent going into the home, electrical surges can also cause damage to the system.

However, your electrical system should perform consistently. If it does not, it is probably indicating that there’s a problem. For example if voltage is inconsistent from your electrical panel and into your home, it could mean there’s a problem and you need to call and electrician. If you see smoke or smell an electrical burning from your electrical panel, or any of the electrical boxes around your home, this is an indication that there is a problem somewhere in the system. You should shut down the electricity in your home, and call a professional. Remember, electrical issues are not typically DIY.  Be safe and careful and call a professional electrician to assess the problem and fix things.

Never Overload Outlets

Nothing explodes, they can continue plugging things into the same outlet. Electrical outlets are only designed to accommodate the amount of wall plugs that they have. If there are two, you should not try to plug in 6 different appliances. This will create a fire hazard and endanger you, your family and your home. Instead plug the different appliances into different wall outlets. If they cannot reach, use an extension cord.

Service Your Appliances Regularly

Many electrical issues have happened within the home because end appliance was not serviced regularly major appliances like HVAC units, electric stoves, and Jacuzzi tubs need to be serviced regularly so that they do not have problems with the electrical systems that go unnoticed. Each major electrical Appliance we’ll have a service schedule clearly visible. You should keep this schedule handy and understand that if you cannot remember the last time that Appliance was serviced, it is probably overdue for service.

Types of Insurance to Consider When Budget Matters Most

By Leave a Comment

No matter what your personal or professional background, there are four types of insurance that are necessary for almost everyone. These include health and disability insurance, home or rent insurance, car insurance, and life insurance. Some of these types of insurance may not apply to you if you still live with family or do not drive, but for most working adults who live on their own, these types of insurance are a must.

Obtaining a health insurance plan is a good way to ensure that health-related costs do not cause major financial hardship for you or your family. Most people get this type of insurance through their own employer, or a spouse’s employer. It is also possible to shop around for a plan on the individual marketplace, either on the federal or state level. When selecting a health insurance plan, it is important to ensure that the plan either partially or fully covers doctor’s visits, routine checkups, prescription costs, and emergency medical care. Disability insurance is also usually offered by your employer, but can be purchased through a marketplace. These insurance plans make sure that you receive additional income if you get hurt and cannot work for either or short or long period of time.

Property insurance is important whether you own a home or rent from a landlord. This type of insurance covers any lost items in a fire, burglary, natural disaster or other weather event. Home insurance offers additional protection in the case of damage to your property, and is often required by your mortgage company. However, most home insurance does not include protection against flood damage, so you may have to look into purchasing an additional plan for flood insurance. Renter’s insurance is often offered for free if you have a plan with a company for auto insurance, making it easy to add to your existing insurance plan.

Anyone who owns a car or drives a car must purchase auto insurance that has at least the minimal coverage required by your state. Besides being a requirement for driving, car insurance also helps reduce the costs of a major accident, minor fender benders, car repairs, and rental car payments. Some drivers may need to purchase high-risk insurance due to past accidents, a DUI conviction, or multiple traffic violations. If you have just started driving, you may also need to look into a high-risk auto insurance plan. Luckily, for those who need it, you can get sr22 insurance quotes online.

Life insurance is another important security measure to have in place in order to keep some of the financial burden off your family members in the case of your death. Usually life insurance plans cover funeral costs at the minimum, while some also include a short term source of income for your family members. You can usually sign up for life insurance through your employer, or purchase a plan with your home or auto insurance company.

Besides these four necessary insurance plans for most adults, there are some other types of insurance that may be necessary depending on your circumstances. Pet insurance can offset some of the costs of your animal’s health care costs. Travel insurance can cover the costs of your vacation if something goes wrong. If any of your insurance plans do not cover enough, you can also purchase supplemental insurance to cover the gaps in your existing insurance coverage. Whichever insurance plans you decide to purchase, it is important to have the basic insurance coverage to offset costs of major life events.

5 of the Richest Baseball Players in the World

By Leave a Comment

Most professional baseball players are pretty wealthy, but there are some that are richer than others. If you have a love of this sport, you will definitely be interested to know about which players are the very richest in the world. A lot of the money these players make comes from endorsement deals, but they are rich all the same.

1. Cliff Lee

Clifton Phifer Lee, known to most people as just Cliff, is estimated to be worth around $120 million. He is a starting pitcher on the Philadelphia Phillies, who makes roughly $24 million each year. This is an incredibly impressive figure, especially when you stack it up against most of the other players in this sport. Over the years, he’s had multiple endorsement deals, and he’s got a five-year contract with this current team.

2. Randy Johnson

Another very rich professional baseball player is Randy Johnson, who is worth about $115 million. His many endorsement deals through extremely popular brand name products have gotten him to the very top, financially speaking. Also known as “The Big Unit”, Johnson played for the Seattle Mariners, as well as the Arizona Diamondbacks.

3. Prince Fielder

Prince Fielder is a starting baseman for the Milwaukee Brewers and he is worth approximately $100 million. Born in Ontario, he quickly rose to the top in this sport because of his uncanny talent. His father is Cecil Fielder, a former Detroit Tigers all-star. Fielder is widely regarded as being one of the best players in modern baseball, and he definitely has the net worth to reflect it. With a batting average of 283, it’s easy to see why he was paid so much.

4. Barry Bonds

Barry Bonds net worth is estimated around $80 million. His father is MLB all-star Bobby Bonds and he played for the Pittsburgh Pirates from 1986 to 2007. In 2013, Bonds put his Beverly Park house on the market for $25 million. When he was actively playing in the league, he earned around $15,500,000 per year. There were very few other players in the league at the time that could match Bonds in terms of sheer talent, and he was – and still is – one of the richest.

5. Chipper Jones

Chipper Jones earned about $110 million through his long career in baseball. He played for the Atlanta Braves starting in 1993, and he had a truly amazing career, to say the least. He won the coveted MVP award back in 1999 for his outstanding talent. He started out as a baseman, and he played the game for almost 20 years. He had an annual salary of $13 million, which was fairly high even back when he first started playing.

There have been many baseball players throughout history, but very few of them even come close to being as rich and talented as these men. Most baseball players earn a good salary, but they pale in comparison to the players on this list.

4 Tips for Buying the Perfect Electric Guitar for Your Budget

By Leave a Comment

Buying your first guitar can be an exhilarating experience. It can also be a very confusing one. With all the brands and specifications out there, it can be easy to get lost. You also have to consider your skill level and how much you can afford to pay for a brand-new guitar. However, when you understand the basics, finding a great guitar should be a breeze. Here are a few tips for beginner guitarists on a budget.

Know That You Aren’t Simply Buying a Guitar

While your guitar will be the centrepiece of your audio equipment, know that you’ll have to buy much more than just a guitar to get started. An electric guitar, as good as it is, will be pretty much useless without a few crucial pieces of equipment. Make sure that you factor in the price of an amplifier and a few cables as well when buying your guitar. You also have to save up for an eventual effect paddle as well.

Be Prepared to Pay for Quality

While it may be true that if you gave a great guitar player a mediocre guitar, he’d still be able to make it sound good; if you gave them the choice, they’d probably pick the best guitar they could find. Not only will a great guitar make the learning curve less steep, but it will make you sound much better as well. So don’t be afraid to spend a little more on a good amp and guitar at the very least if you can.

Look at What Your Favorite Guitar Players Are Using

Imitation in this case can be a great way to find a great guitar for you. One of the best ways to find the perfect guitar with the kind of sound you’re looking for is by looking at what guitars your favorite guitar players are playing with. If you like a particular guitarist, it’s not only because of their technique, even though it plays a large role in it. It also has to do with the type of guitar they’re using.

Two different types of electric guitars can have completely different sounds. For example, if you grew up idolizing Jimmy Page and want to sound like him, then you wouldn’t want to buy a Stratocaster. However, if you’re more of a Jimmy Hendrix type, that may be just what the doctor ordered. Don’t be afraid to do your research, finding out what guitar top players play takes all but a few minutes since brands are often just as popular as the guitarists that play them.

Choose a Guitar According to Your Musical Tastes

If you can’t find a hero to pattern your style from, you should pick a guitar that fits the style of music you want to play. While you can always make guitars work for any situation, they all have their little quirks that make them better for certain genres. For instance, if you’re thinking of playing heavy metal, a Stratocaster HSS would be much better because of the humbucker pickup that is situated on the bridge position. But for punk or Blues, a Telecaster might be better because of its smoother sound.

Buying a new electric guitar can seem like a daunting task at first, but once you know your way around, finding one that fits you should be easy. With these few tips, you should find a great guitar in no time.

The Only Ameritrade Review You Need To Read Today

By Leave a Comment

As an aspiring day trader, you need to make sure you know as much as possible about all the trading platforms out there. You should not be married to just one platform in order to buy and sell stocks. So, you need to read this TD Ameritrade review to understand how the Thinkorswim platform can help you reach your profit goals.

Day trading is a pursuit that requires dedication, focus and extreme concentration. There are no half-measures in the world of day trading. There is no room for people that are only partially committed to the mission. It takes months of screen time to get good enough to make some money at day trading. And many more months to make any sort of regular profit.

You are only as good as your tools. Which is why getting to know Thinkorswim is such an important part of your evolution as a trader if you plan to use Ameritrade to your advantage. Thinkorswim is designed for frequent traders. There are no more frequent traders than day traders.

Thinkorswim can be customized with a personal interface for easier use and hotkeys can be added so traders can execute orders super fast. That is such an important part of day trading. Once you settle on a schedule, you learn the trends and the ways that stocks are moving each day and you need to be able to jump on opportunities. One of the most important parts of being a day trader is being able to follow momentum day trading strategies. And Ameritrade might just be the provider that will help you reach your profit goals.

There are educational videos on Ameritrade that can help you expand your market knowledge and bring your investing game to the next level. There are 3 levels of expertise that allow you to tailor your learning to your exact level. And beyond the videos, there are how-to articles and tutorials that will break down trading to the simplest level for anyone that needs it.

Ameritrade and its Thinkorswim platform also offers streaming CNBC news for you to take advantage of the breaking news and to give your market knowledge more scope. The ways that up-to-date information can help you in your breakdown of the market each day are invaluable. It is a great way to search for catalysts that may cause a stock to spike and give you a chance to ride that spike to profitable plains.

Practice makes perfect and there no place that truism holds more weight than in day trading. Being able to practice day trading will make your profit-making skills all the more effective and it is hard to do, unless you have a endless amount of capital to work from. Which is why trading with paperMoney in Ameritrade. That gives you virtual money to play with and allows you to learn how to trade without risking too much of your own hard-earned savings.

The bottom line is that it makes sense to give Ameritrade a try as you navigate your way through tons and tons of trading platforms at your disposal.

Smart Ways for Entrepreneurial Minded People to Make Great Money

By 4 Comments

By nature, entrepreneurs looks for great investments that can make them money both in the short run and over time. This need to succeed is what ultimately fuels them toward success. Many examples of serial successful entrepreneurs exist today. People like Mark Cuban, Reed Hastings and Elon Musk are great examples of how the best ones perform. They are invested in dozens of companies in different industries, all of which have the potential to turn a great profit.

An entrepreneur must be discerning and gain an understanding of the business and industry in which the investment will be made. Not all investments are good ones and to be able to determine which one is a good one will determine the fate of the entrepreneur’s investment.

With this is mind here are some smart investment ideas for entrepreneurs to consider.

Trading Binary Options

The stock market is at record highs, pricing out many who would like to participate and worrying those who are in already about whether they should expect the market to continue its lofty heights or come crashing down to reality. As a result, it has become increasingly hard for many to jump in even though they are attracted to it.

One way to take advantage of a hot market at a fraction of the price is to trade options. Options can be purchased at a fraction of the cost of buying the stock outright, and can prove to be more beneficial when the movements of the stock reflect the direction of the option. The options market can get complicated and convoluted, but a simple way for entrepreneurial minded people to get involved is to set up a binary options account at a company like Binary.com.

Binary options are attractive because of their simplicity. The investor must essentially only guess whether something specific will or will not happen. As an example, a binary option may be as simple as whether the share price of a company will be above $30 on December 4th at 9:30 am. If the share price is $33 at the appointed time, the option automatically exercises and the option holder gets a predetermined amount of cash. Entrepreneurial types can manage their own option accounts. Like with all trading involving stocks, there is a risk that the investor will lose some or all of his money, so caution should be exercised. But the simplicity, low cost, and high income potential of binary options make it a great business for entrepreneurial minded people.

Investing in Technology Start-ups

The technology boom is in full effect right now and it seems like anything that is tech is seeing its fortunes rise. Companies like Facebook, Snapchat, AirBnB, Jet.com, Google and Amazon have made their investors and entrepreneurial founders billions of dollars and each week a new company seems to emerge and become a high flyer. Pick a known company in the industry and there is a story about its sky high valuations and stock price and tales of how it has made many millionaires.

But even though this is what we are seeing on CNBC and Fox Money all the time, the truth is that like with any industry, there are many more losers than winners in tech, and picking a winning start-up in the technology industry is a science and an art.

The science part is getting to understand the start-up’s management, products, potential and industry. These factors will give you a strong fundamental understanding of the factors needed to determine the potential of the start-up but they will not give you the full picture.

Entrepreneurs must also have a good gut feel about the particular company and their guts can often be the intangible factor that makes the investment attractive. The gut can tell you that the timing is right, and that the rationale behind why the company is launching its products and services resonates with the marketplace. This combination of factors will get you much further down the road toward making a great decision, but in the end, it will still require a leap of faith on the part of the entrepreneur.

Take your time and do your research, and good luck investing.

Apps To Budget Your Finance

By Leave a Comment

For many from the older generations, they know what it means to be poor. Those days, money was hard to come by and many lived from hand to mouth. There was hardly enough money to make ends meet and every cents were accounted for. Money tracking was never a problem because there was so little money and we knew where every cent went. But this is a different story for the present young generation.

Life for our present young generation has been much easier and many need not have to worry about money. They have more than enough to spend without worrying about where the money comes from. All they know is that their parents will provide for them. Of course, these young people are not to be blamed for spending their parents’ money freely or extravagantly. These parents tend to be overly generous because they want the best for their children what they themselves could not enjoy in their young days.

Once these young people go out to work for their own living, they find that they have problem managing their finance. They have been so used to spending freely without learning to budget and I am sure many have learned the hard way. I may be wrong but in my personal opinion, those who have gone through the struggle and later learned the importance of budgeting, they are the ones that designed the best money management app. We are so fortunate to have so many types of money management apps to help us manage our money.

If you happened to be one that is always short of money before the next salary comes in, then it is high time you need to download a Google Play spending tracker onto your smartphone or an applicable version onto your iPhone. Here are some reasons why you need to track your spending:

  1. To make sure that you are spending on things that need your urgent attention first.
  2. If you don’t know where your money goes, then you will not be able to save for your goals.
  3. By tracking your spending, you will be able to see your weak spending habits and avoid them.
  4. It will also makes you aware of your current bank balance and keep you from over spending.
  5. It also gives you control over your finance and expenses.

Downloading one of the free cash back apps not only keeps track of your money and act as your money manager, you will also get to earn cash back through your purchases. If is never too late to learn to budget with the help of a money tracking app.

The Benefits ASI Offers to Their Clients

By Leave a Comment

When people buy a car, whether it is a new one or a used one, they are making an investment. Cars being mechanical, however, they do sometimes break down. And the vast majority of people find that this happens just after their warranty runs out. This is why so many people decide to take out an extended warranty, also known as a vehicle service contract. One company that is respected for offering some of the best extended warranties around is Accelerated Service International, or ASI. This company, as their name suggests, believes in provide exceptional service, and doing so without any delays. They offer this to all involved with them, being the customers, the agents, and the dealers. The company has a fantastic reputation, not in the least because of their huge array of specialized services.

Best Coverage in the Industry

One of the key things that sets ASI apart is that they don’t just offer one type of service contract. Rather, they offer them for any type of vehicle, new or used, and for all different types of budgets. A full list of coverage options is available on their website, and ASI agents will also be more than happy to discuss these with prospective customers or with dealers. Indeed, they offer extended coverage, wrap coverage, certified coverage, bumper to bumper coverage, and more.

Furthermore, the company believes in making payments without delay. As their name says, they are “accelerated” in everything that they do. They are, in fact, one of the only companies in the country that usually pays out on claims within two hours. Furthermore, they make their payments through credit card, which means money is transferred instantly.

A vehicle service contract is, in essence, a type of insurance. Hence, a number of insurance industry regulations are also applied to these contract providers. ASI prides itself on meeting all those regulations. They make sure, unlike many other providers, that they always have sufficient funds in reserve to make sure claims are paid on. Not just that, they are backed by insurance companies that are all A-rated, which gives customers further peace of mind.

Another thing that sets ASI apart from the rest is their Profit Track system. This is a singular system used by ASI employees, agents, and dealers alike. It is maintained in real time, and this means any questions are always answered accurately and with the correct information. Mainly, it also means that there is consistency across the board. Furthermore, to ensure dealers have rapid and accurate rates on any ASI product, they can access the eContracting and eRating service for information. Agents, meanwhile, can instantly check the status of any claim that has been made with ASI.

Accelerated Service International has been in business since 1990, making it one of the oldest companies of its kind in the country. They have set the standard for what is expected in this industry in terms of customer service, speed of payout, comprehensive coverage, and more. Their contracts are accepted all over the country and clients can choose their own repair shop. So long as they are ASE certified, ASI accepts them.

Tips to Help You Save

By Leave a Comment

You work hard for your money, but at the end of the month and before that paycheck hits your bank account, you feel squeezed. It can be a monthly hard-hitting reality that the money coming in isn’t enough to add to your savings.

The first thing you need to do is understand exactly where your money is going. For three months, you need to journal what you are spending. Keep supermarket receipts and go through them. Categorize your expenditure like you would do if you were doing business accounts: fruit and vegetables, meat, sundries, cleaning products, etc.

You need to understand what you are spending on so that you can see where changes to your spending habit can be made. Notice the word ‘changes’. You are not going to be deprived of anything, the only thing that is going to be cut out is unnecessary spending. Here are 3 areas that can be addressed to help you save money.

Food

Take advantage of special offers from the supermarket. Try and only buy special offer products. This is not only a way of saving money, but it will change the menu for your family. Some new recipes will work, and some won’t, but it’s a good way to try new dishes. Collect coupons and subscribe to loyalty reward schemes. Batch cook meals and make extra portions to freeze. Prepare individual portions so that you can take them to work to eat, rather than buying food on the go. Similarly, buy a travel mug for your coffee, rather than spending at a coffee shop on your way to work. This will save you money and time!

Utilities

Do not become complacent and fail to compare the rates that you pay for your utility bills with other providers. It is easy to let contracts roll over, but by undertaking some cursory research, you may just find a better rate. Forewarn your current provider that you are going to leave; you may be able to negotiate to a rate match or an even better. If you don’t ask, you don’t get

Transport

Remember to keep an eye out for the cheapest fuel options in your area. You can shave off several dollars each time you fill up just by being savvy about where you get your petrol or diesel from. If your car is reaching the age where it’s not going to be economically viable to keep it on the road, research which car you will get next. Choose a car that is efficient by choosing one that has a high mpg, or consider an electric one to be even greener. If you have your heart set on a particular model but are limited by your budget, contact a company such as Silverback Automotive who will source you your car, and for the right price. Using a professional auto broking firm allows you to take advantage of their industry contacts; again, saving you stress, time and money.

You do not want to feel that your money is controlling you. You need to control your money. Curtailing day-to-day spending can obviously help you save dollars, but by ignoring the monthly expenditures of your food, utilities, and transport, you can turn a trickle of savings into a river.