Financial Service Info

The other day 5 seconds made all the difference in the world.  I was heading back home from a meeting I had with a client near the St. Louis area traveling south on Route 127 a two lane road through the country side.  While talking to my wife using my Bluetooth, something immediately caught my eye.  What look like a big cloud of dust appeared in the middle of the road and I immediately knew something was wrong.  I vaguely remember saying to my wife,

Baba, I got to go.  I think I just saw a head on collision.

To my dismay, thats exactly what I saw. I immediately pulled my car to the side of the road, called 911 and jumped out to see if everyone was okay. Whil

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If there’s one concept you need to understand when it comes to saving and investing, it’s compound interest.

Word people like me think of it this way: When you invest, your money earns a certain interest rate. And then your interest, as it’s added to the pot, earns interest on itself.

Math folks think of it as a formula:

Annual Deposit ([(1+Rate) ^Years+1 - 1]/Rate) – Annual Deposit = Total

Some financial types call it “The Eighth Wonder of the World.” (Okay, maybe they need to get out a bit more.)

It doesn’t matter what you call it, or whether you can do the math. In fact, a surprising new study from the University of California, San Diego and New York University, to be published in November, shows we don’t need to know how compound interest works. But what we do need to know is that it does work—in a big way. T Read all post…

On Friday the price of gold dropped over $100 an ounce.   That is the largest single day dollar value drop in gold prices on record.

The $100 drop is a 6% drop in one day.   Gold peaked at a whopping $1895 earlier this month on Sept. 5th.   With it now trading at $1657 that is a drop of 12% within 3 weeks time.

For a while I’ve had a negative outlook on gold prices.   I’ve felt that gold was in a bubble that is going to burst sooner or later.

Last year I gave my thoughts on how fast could gold drop?  It can drop a lot in not too short a time.  Gold has dropped as much as 43% in as short as 2 months.   And over 2.5 years from Jan. 1980 to Ju

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–Before we get to Europe, remember all that nonsense a few years back about “bringing forward demand” for housing with the First Home Buyer’s Grant? All it produced was a lot of activity – which shows up in GDP numbers – and a lot of debt. The end result was higher debt, house price inflation, and the conditions for an inevitable correction.

–That kind of describes where Europe finds itself today. In fact, it kind of describes where the whole world finds itself today. Two decades of debt growth has “brought forward” GDP growth. But it turns out the growth that was purchased with debt was mostly in house prices and government bonds. Now there’s a problem. There’s no more growth to “bring forward” with new debt.

–Assets purchased with debt are also liabilities. If those assets don’t produce a return, you have a problem. The world has a problem.

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Let’s say that your vehicle stops working. You need to get to work as well as for some of us, there isnt any public transportation to talk of.

Where do you turn? Well, you can be confident friends and family for a few days for the most part, but individuals will grow fairly tired of a person begging for any ride.

Lets say your child breaks or cracks a bone fragments, or you split a teeth? How long are you able to ignore it? Most likely not too long thats the reason why payday advance loans are available, but can anyone get a payday advance?

These loans are considered unsuitable for just anybody, they are intended for people like you as well as myself too who are merely carrying out living their own lives.

Unexpected things happen vehicles break, individuals break and with no little supplemental income, you won’t have the ability to take care of the issue. Eme

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Professional liability insurance has become a critical piece of the coverage needed for professional advice and service providers. Other types of policies do not provide adequate protection. Professional liability insurance policies provide protection for service and product failure. This does not cover employee injury or property damage that is not related. The general protection coverage deals with those issues. The specific policy helps cover the difference between performance and customer expectations.Doctors often have this type of coverage because they are prone to suits. Their advice is subject to speculation and educated guesses. This can lead to a customer feeling the advice could have been better. As the opinion between the service expert and the customer differ, a lawsuit may ensue.Financial protection is not the only benefit. Having the right Professional Liability Insurance policies in place to help protect the financial stability of a company is important.

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Have you ever wondered how tycoons of today become millionaires? Well, it may be hard to believe but they started just like us. Most of the millionaires that we know today were not born millionaires but worked hard and lived a lifestyle that made them what they are today. In fact, the lifestyle that they had is simple as it seem. Do you want to become rich like them? If so, then follow these very simple steps.

1. Earn income
Everybody will agree that doing nothing won’t make you a millionaire. Not unless a bag of cash falls from the sky right in front of you, then you have no way of getting rich if you just slack off. If you are working now, then you are at a good start. Take care of your job and value it. Work hard and get promoted so you’ll have increased salary. But if you depend solely on your day job, you still won’t get rich.

Get as much income as you can. There Read all post…

You never know in advance when you have a good or a bad period in your life. And no one can know this. There are numerous reasons and steps which lead you to happiness or a fall. Similarly, there are many circumstances that lead you to urgent needs like car repair, home repair, medical bills or a gift in advance. And it will be quite possible that you do not have enough money in your pocket. Is there a really affordable solution? No need to be upset, as personal loans can save you from falling in debts.

You should know that there are secured and unsecured personal loans available in the financial market that can easily solve all your cash needs. Read all post…

You may not know that yours truly has a Master of Fine Arts in Creative Writing . My family wasn’t convinced the program was going to pay off career-wise, but I was determined. And I am glad I did it . Was an MFA going to pay off financially? Not really in my case, but it was worth it to me for other reasons. However, I think it is important for anyone considering grad school to weigh the costs with your reasons for going. A few questions to ask yourself:

1.  Am I considering grad school because I don’t know what else to do? I have noticed that this is common. The danger is that you’ll wake up 3 to 5 years from now with more debt, less career experience, and still not be sure what to do.
2. How much will it cost and what will my return be? Even if financial return isn’t your main concern, looking at the numbers can help you take a good look at the cost of meeting your goal—so you can decide if it’s worth it.
3. Are you in the right field and on the right career path for you? I have a close friend who thought he wanted to become doctor and didn’t realize until halfway through medical school that it wasn’t his wish, but his family’s. Just saying: a little self honesty might save you.
4. Is a master’s the best way to get where you’re going? So you know your goal. Is there a less expensive and less time-consuming way to get there?
5. Is there a scholarship out there for me? As with undergraduate studies, there is money out there ready for the taking. Why not do a little research at links like this one to see if there is any for you.

So, just a little food for thought as you make this big decision. Researching current trends in employment is another good place to start.