Category: Financial

Financial services careers offer some of the most exciting career opportunities for ambitious and innovative people. According the principles set forth in Maslow’s hierarchy of needs, the need for safety is at the foundation.

The role of financial services professionals is by definition to help others deal with the fundamental question, “what will I do if/when” something happens to me, my family, or my business? No other type of career can have as direct an impact on the satisfaction of these all important and often unavoidable aspects of life.

Maslow’s hierarchy of needs illustrates that the top of an individual’s pyramid of needs is self-actualization, being all they can be and more. Helping others, doing good for them and their families, and making money at the same time is considered by some as the very zenith of the pyramid.

Not only do they provide seemingly limitless chances for upward mobility, leading to executive-level positions, but they also offer a competitive compensation structure that proves to outdo many other work fields.

Advancement opportunities that come with these kinds of careers are often most attractive to people who are ambitious, because upward mobility is not based on seniority, but an employee’s individual level of performance.

These sorts of jobs allow many chances for high performing employees that want to move up through a company. And they can also be very pleasing to those that are just beginning in the company.

The structure of many financial firms allows for a fluid movement of ideas and commands between senior management and lower-level employees. In this sense, financial services industry jobs can be satisfying because all employees are able to build an identity within the company, one that is recognized and rewarded by upper-level management.

For potential employees that are looking for a fast-paced work environment, careers in the financial services fields can be the right way to go. While employees are required to think quickly and act even quicker, these types of jobs can be exciting and fast-paced career path.

Though these jobs require a great deal of dedication and focus while on the job, often relying on independent initiative and innovation, the level of rewards are commensurate with the amount of work put into the job.

There are a number of sub-sector fields in financial services careers, including, but not limited to–investment management, securities brokerage, and investment banking. So, there are many opportunities in financial services careers for those that are willing and ready to put in the work and start moving up the management ladder.

Whole life insurance is considered life insurance first and foremost, and is commonly purchased to provide peace of mind. That is, if something happens to you, you know your loved ones will still be financially secure. In fact, Whole Life Insurance is the only financial product that guarantees that what you want to have happen will happen, as long as you do as specified in the contract.

But beyond their obvious benefits as a life insurance policy, whole life products are also excellent investment tools that can lead policyholders to a life of financial independence. When structured correctly, whole life insurance policies allow you to enjoy your money now and still leave a financial legacy for your heirs.

A Safe Investment
When you use whole life products as an investment vehicle, you can rest assured that your investments are safe. Life insurance companies have a proven track record of investment strength and security. They have historically outperformed banks and other financial institutions for several reasons.

For one, whole life insurance polices are not chasing short-term performance to satisfy impatient investors. The professional money managers working for life insurance companies are not seeking a quick return on money, but rather a long-term strategy for financial stability. Whole life insurance fund managers invest in secure bonds. Additional stability is provided by diversifying bonds by industry, maturity & geography. This keeps costs and risks very low.

Additionally, most states guarantee whole life policies through state Life and Health Guaranty Associations. Guaranty associations operate much like the FDIC does for banks. Guarantee limits vary by state, but most states regulate insurance companies and provide guarantees to policyholders through these guaranty associations. Life insurance companies in these states support one another and if one fails, the others will be assessed the money to pay the claims of the insured persons who held policies with the defunct provider. You will need to check with your state insurance commissioner to see if your state has a guaranty association and what the guaranty limits are.

Using Whole Life as an Investment Tool
Whole Life insurance policies lend themselves to several investment uses, most commonly as a safe reserve for cash values earned by the policy. Cash values accumulate over time through premium and dividend contributions. The growth of these cash accumulations within whole life policies are tax-free.

This cycle begins with your premium payments, which initially fund your policy. The insurance company will, in turn, invest a portion of your premiums in very safe financial instruments such as bonds (as previously described). Financial gains from these investments may be distributed back to your account as dividend earnings when performance exceeds expectations. Dividends are not guaranteed and may not always be paid. However, solid insurance companies have paid dividends every year for the past 100 years, including during the Great Depression.

Through your premium payments and dividend earnings, the cash value within your policy will begin to grow, and that’s where the greatest investment benefits begin. Both a whole life policy and a dividend paying whole life policy allow you to utilize what’s known as the Infinite Banking System. But a dividend-paying policy offers greater tax advantages, allowing for greater cash growth.

Being Your Own Bank with the Infinite Banking System
The Infinite Banking System is a financial philosophy of being your own bank, and dividend-paying whole life policies are especially suited for this concept. Infinite Banking means taking control of your financial dealings, not just handing them over to some financial advisor or institution. To begin to understand the investment potential of Infinite Banking, you must first understand banking.

In the traditional banking system, you ask the bank to both save your money and lend you money. When you borrow money, you do so at a higher interest rate than your saved money earns. The difference between these two values is profit for the bank. By charging higher interest than it gives, the bank earns money.

What the Infinite Banking System does is make you the bank. You will save with your bank through premium payments and dividend earnings. When you borrow from your bank, you will pay the loan back to yourself with interest, thereby increasing your cash values. You’ll be paying yourself…becoming the bank.

So you are financing and making money off yourself, instead of paying that money and interest to a bank or other financial institution. Some insurance companies even allow you to continue to earn interest and dividends on your entire cash value amount, as if you had never borrowed money.

When used correctly, the more loans an Infinite Banking policy finances, the more money it makes for its policyholder. This is because loans from your life insurance policy are similar to home equity lines of credit. Interest is only paid on the amount of the remaining loan, so every time a payment is made, overall debt is reduced, thereby reducing the amount of interest paid over time. And because you are paying on an ever decreasing amount of money, you also end up reducing the total number of payments needed, which means even more saved money. If you make all payments as scheduled, including your interest amount, the policy cash fund will continue to grow.

You will have to start with smaller loans, perhaps a necessary home repair. If you are disciplined about paying back your loan and interest, you will soon have enough money for a larger loan, perhaps a car, and eventually even a home. You can see that overtime, the Infinite Banking Concept provides a way to break the cycle of making money for the banks and other lenders. Instead you’ll be making money for you. There are no loan fees, transaction fees or late payment fees assessed to these self-financed loans.

Tax-Free Benefits
Investment gains lose their thrill if you have to pay exorbitant fees and taxes on them. Whole life insurance offers many tax benefits to policy holders. Earned dividends are not subject to tax, and cash values within your policy increase tax-free. Distributions also can be received free of tax through policy loans. The death benefit proceeds pass to your beneficiaries income tax free, and if structured properly, life insurance proceeds can be received free of estate taxes.

You’re Best Investment Option
It’s hard for other investment tools to beat the benefits of whole life insurance. Whole life provides investment security, tax-free earnings, and if used as an Infinite Banking policy, it can lead to greater investment growth and eventually, financial independence.

After learning about the FAFSA financial aid program and realizing just how helpful it can be for your future, you need to go for it. At least there must be a way to take you to the actual process. You do this by filling up a FAFSA (Free Application for Federal Student Aid) form that requires you to fill in all important and detailed information supposed to determine your eligibility for financial aid.

This, therefore, is something to be taken seriously and needs accuracy and ample time. As a prospective student you need to have access to FAFSA every year to help fund your education. FAFSA information is available online and the forms are available in FAFSA website. In the website there are easy to understand links and guidelines to help fill in the FAFSA form completely and submit it.

Also be aware that there are other financial means that you may feel comfortable for you. It is a students choice but all the information you need about alternative financial aid is available online.

It is advisable to have a guardian, parent or any experienced person to advise you especially to stress on the reason for your dire need for financial aid. This will help you give crucial information that will determine the results. If you like it, and please note it is important, download a printable form, or get a FAFSA form from your high school, call and ask for the form on 1-800-4-FED-AID, or even get one from your local library. Fill in the details whether you choose to use the hard copy or online one as draft first to avoid errors while filling in the final copy. Most important, have all the important and required documents at hand.

The FAFSA form is readily available online, its by no means you will have difficulties in obtaining it. Filling FAFSA online form will allow you to reenter information if there are any errors, save already filled information since some pages contains the save button, and be most sure only correct information is filled before submitting. Again you will receive student aid report on time and faster. So fill the FAFSA electronically for it is a free, safe, reliable and a quick way to get financial aid.

In the event you personal a timeshare making use of it together with your loved ones for different holiday getaways then you realize how helpful it may be in relieving the pressure of daily existence. But, you could be considering that specifically with today’s economy, you could possibly be improved off providing it and placing the earnings in the direction of some thing else or saving them to get a rainy day. The query then becomes can a timeshare resale really aid your loved ones monetarily? The main reason prefer to ask this really is considering even though there will generally be a current market for timeshares you would like to make certain that you simply aren’t acquiring rid of a thing which is considerably a whole lot more emotional benefit than monetary guy. Certain, a fast money fixes almost always fine but you could possibly plan to take into consideration what you are giving up so that you can get it.

A thing to think of is always that ahead of you go on and produce the possibility of the timeshare resale you have to make sure that you’ve numerous points place in position. Initial of all, you should comprehend what sort of particular person you’d probably most plan to market to and insure that this form of particular person truly exists. So consequently you will will need to accomplish lots of market place study and narrow down the sort of consumer that you will be actually searching for. Although this may likely appear like really a little bit of function, inside the finish it are going to be really worth it simply because you will be competent to acquire the value that you are asking for and you also the two walk away delighted. Obviously you are able to also do it the way most men and women that and just place and that inside paper and just set available and see what occurs nevertheless, you might be waiting rather a lengthy time prior to you receive any interest.

One more detail to believe about is regardless of whether or not the total sales selling price will likely be sufficient to justify every one of the function following you have compensated for the hosting, your internet site, your advertisements, as well as your broker. You have to take on into account all these various costs when you are thinking about what you are asking cost needs to be. Normally you prefer to make certain that you just do not price tag your self out with the marketplace but you also want to make certain that you simply make some kind of earnings in the finish of it otherwise it’ll not be really worth it. A timeshare resale can guide monetarily offered you have an understanding of that I is not going to be some thing which you can use to spend off genuinely essentially be which is. Which is perfect for little objects or being a method to begin saving for that future holiday.

For alot more go to timeshare resale

People resort to payday loans or cash advance loans when they are out of cash and need to meet some emergency expenses. These loans are quite popular amongst the cash-strapped people. This is because payday loans can be secured quite easily.

However, payday loan lenders charge a high interest on these loans. Many a times, people can’t afford to pay off these high interest loans and get into debt problems. So, question arises as to whether or not these loans are financially helpful in the long run.

Have a look at the article to know whether or not payday loans really solve your financial problem in the long run.

Payday loan – How it offers financial help to you

Go through the following lines to know how payday loans can help you financially:

1. Easy to obtain: You can obtain payday loans quite easily. You can apply for a payday loan online. This implies that you can apply for a payday loan while working at your office and get the money within 24 hours. Once you fill out the online application form, the payday loan company will deposit the money in your account within 24 hours. You can use this money to pay a bill or the school fee of your daughter.
Many a times, lenders refuse to lend money to the consumers with poor credit. But this does not happen with payday loans. You can get instant cash from a payday loan company even with a poor credit score or a foreclosure on your credit report.

2. Complete privacy: You financial information is not revealed to any one. No one will even know that you have taken out a payday loan. You can just take out the loan (to pay an unexpected hospital bill) and repay it by the next payday.

3. No need to pay advance fee: You won’t have to pay any advance fee for a payday loan. This is obviously a great advantage for you. You won’t have to pay anything just to secure the loan.

Payday loan – How it may lead you to deep financial woes

Glance through the following lines to know how payday loans can lead you to financial problems:

1. Exorbitant rates: Some payday loan lenders charge extremely high interest rates on the loans. You can even be asked to pay around 500% interest rate on the loan. This can make it very difficult for you to repay the loan.

2. Hidden fees: Payday loans often come with hidden fees and charges. For instance, file charges and transferred fee. These fees can increase the outstanding balances substantially.

3. Scams: A lot of fraudulent or illegal payday loan companies operate in several states. These companies offer easy and instant cash to the people. Sometimes, they even deposit money in the accounts of people without their prior consent. Later, they call the people and demand for money. The scammers even threat people to take them to court.

If you do get into the vicious cycle of payday loan debt, then you can take advantage of debt relief programs. You can enroll into the payday loan debt settlement program to ditch your debts. You can approach a payday loan debt settlement company for this purpose. The representatives at the company will help you settle your debts comfortably.