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Category Archives for Manage Your Money

10 Tips For Business Owners To Make Better Financial Investments

  • November 26, 2021


It can be challenging to operate a business efficiently, especially when you haven't secured sufficient funds. An independent investigation shows that every seventh British business owner couldn't pay employees' salaries because of financial problems. So, whenever you're shorthanded in the economic aspect of your business, don't forget to consider better investment strategies to secure your future. Experts estimate that merely 40% of business owners consider themselves financially literate. It means that majority of entrepreneurs aren't well-informed about making the right decision regarding business investment. Hence, we'll discuss some tactics here with which you can make profitable decisions about future investments.

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Financial Freedom: It’s A Mindset

  • November 26, 2021


Everyone wants to have a beautiful home. They also want to have enough savings that can help them tide over a difficult phase like a medical emergency or a business loss.

We also want to travel, have diverse experiences, and be able to provide for our families and assume responsibilities.

The question is- how are we going to achieve all this and much more?

The answer is- through Financial Freedom!

In almost all the above-mentioned questions, the financial freedom journey involves money. However, the real challenge is managing money. In other words, understanding your income streams, allocating them into various buckets, and then living your life.

In this article, we are going at how one can achieve financial freedom and bust some myths surrounding the same on the way.

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Understanding How Crypto Mining Works

  • November 26, 2021

Newcomers to cryptocurrency have several options for acquiring it. They can buy their first tokens using fiat money, or any currency that’s controlled by a government or central bank—your trusty old U.S. dollar for example. There’s also the choice to trade one crypto coin for another, or even to earn tokens as compensation for doing a job or selling a product. Arguably, however, the most adrenaline-inducing way to get crypto is through mining—and as many mining enthusiasts can attest, it’s also one of the most rewarding methods for earning crypto coins.  

Crypto mining can be considered the modern-day equivalent to the Gold Rush of the 1850s, except that the assets are all digital. But just like mining for gold was in the 19th century, mining for crypto is definitely not an easy task. It requires advanced knowledge of crypto technologies, as well as a competitive sensibility. 

If these facts don’t discourage you—and if they actually whet your appetite for acquiring more coins—here’s all you need to know about crypto mining. This briefer will help you understand how to mine for a coin like Monero (XMR) and how to add newly mined tokens to your Monero wallet.

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Financing your new car, in Essex and beyond!

  • November 26, 2021


Buying a car is freedom incarnate! 

However, many of us believe this freedom is beyond our reach, because we don’t “have the money for a new car.”

This couldn’t be further from the truth. Car financing is here to make your freedom dreams a reality. 

Say goodbye to the smelly bloke on the tube in Essex who’s always eyeing you out! 

The roads are your oysters, and car financing is your butler, cracking open those oyster shells and pre-hot-saucing your delicious treats.

What is car financing? 

Car financing is a deal made between you (the buyer of the car) and a car dealership or a direct lender. 

Regardless of the source of the financing, the deal made remains the same. 

This deal stipulates that you (the buyer) will pay a decided upon amount to the lender until such time as the amount is paid in full. 

This full payment usually results in the ownership of the car being transferred into your name. 

And then, hey Presto! You own a car!

What are your car financing options? 

Finding the best car finance to suit your unique needs is an overwhelming task. 

But be wary that being overwhelmed doesn’t leave you underwhelmed by the final decision.

In areas of the Uk, like in Essex, you get in-house car dealership financing and private lending. The type of car finance you will receive depends on where you’re getting it. 

In-house Financing: 

Hire Purchasing (HP)

When you buy a car using Hire purchasing, you are agreeing to a set amount of monthly payments on your car, plus some kind of deposit or down-payment on your vehicle. 

These deposits can be as low as 10% of your car’s value. However, it is important to remember that the higher your initial down-payment, the lower your monthly payments will be. 

HP is useful for both new and used cars, is readily available in Essex and the UK at large and gives you the consistency of fixed monthly payments. 

The major down-side is that the vehicle does not truly become yours until the final payment is made. 

Personal Contract Purchasing (PCP)

Personal Contract Purchasing is a popular way to finance a car. 

PCP is generally cheaper than other forms of car financing. 

The reason for this is that you are only paying for the depreciation of the car over the given contract period. 

Basically, you only pay the difference between the car’s worth at the beginning of the contract and its worth at the end. The idea being that, at the end of the contract period, you will upgrade yourself to a newer vehicle. 

You never become the owner of your car though. If you want to own the car at the end of your PCP contract, you will need to pay an optional final payment, that is made of the remainder of the price of the vehicle when you bought it. 

Private lenders: 

Private lenders, like banks, offer a large range of financing options for you to work with. 

You can buy a car using a personal loan, a credit card or a home mortgage. 

These options do not offer the level of flexibility and benefit that Car Financing offers, but they are a good option to look at regardless. 

How do you know which car financing option is best for you? 

Deciding which type of financing works best for you depends on a range of factors. Finding the best way to buy your car is simple, just decide what’s most important to you. 

Best Financing options for: 

  • Long-term car ownership: Hire Purchasing 
  • Low Monthly repayments: Personal Contract Purchasing 
  • Flexibility: Personal Contract Purchasing 
  • Bad Credit: Hire Purchasing

Finding a vehicle that properly suits your needs and personality should not be based on your pocket. You deserve the car of your dreams, even if your bank account looks a little nightmarish. 

Spending time looking into which car financing options best suit your needs gives you the power to choose how to finance your future. 

Drive your dreams to Essex and beyond!

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Guarantor Car Finance — What You Need To Know

  • November 24, 2021

Guarantor Car Finance — What You Need To Know

When you’re a young adult, you’ll need to get a car. But you don’t exactly have a great credit score. Then you should try to go for guarantor car finance. 

Getting a personal loan for a car can be difficult for someone with full-time work. It can be even more difficult if you have a bad credit score. This is why it can be a good idea to ask someone to your guarantor for a car. 

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How to Stay Financially Stable Through the Toughest Times

  • November 19, 2021

There are always times in life when we make mistakes and find ourselves in difficult financial situations. Sometimes, those situations arise through no fault of our own. However you’ve ended up struggling financially, finding stability is within reach with the right changes to your habits.

We’re going to talk today about the best ways to achieve financial stability even when times are relatively tough. Some of the ideas that we’re going to talk about today will help you in the short-term and the long-term. So read on and learn all about them; from there, you can start implementing them.

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5 Better Ways To Make Your Money Go Further

  • November 19, 2021

5 Better Ways To Make Your Money Go Further

If you are looking for some interesting and useful ways to make sure your money goes further, the good news is that there are plenty that you might be able to consider. The more of these that you are aware of, moreover, the easier you will find it to put them into practice, and if you are able to try out a few of them at once, you should find that it makes all the difference in the long run.

In this post, we are going to take a look at some of the better ways to make your money go further. As long as you put some of these into practice, you’ll find that it makes all the difference to your financial wellbeing.

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How To Stay Safe Behind The Wheel: Top Tips For All Drivers

  • November 19, 2021

How To Stay Safe Behind The Wheel

Whether you are heading out on a long-awaited road trip or commuting to and from work, you should always have road safety in mind. After all, without the proper level of caution and awareness, the likelihood of an accident occurring increases dramatically. Furthermore, it’s also important that you don’t get too comfortable in your driving abilities the more time you spend behind the wheel - and remain as focused behind the wheel as you were when you first got your license. 

With that in mind, here are some top tips that you can use to stay safe on the road! 

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Expenses That You Forgot To Really Plan For

  • November 16, 2021


When it comes to money, you are always being told that you should be saving. But, what are you saving for? It depends on what stage of your life you are in as to what people think that you should be putting away for, but the real answer is that there are a number of things. There are things such as houses that everyone knows that they should be saving for, and a security blanket in case things go wrong. But, then there are some that don’t really cross our minds that often. In this article, that’s what we’re going to be looking at so keep reading down below if you would like to find out more.

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Common Beneficiary Mistakes that Could Cost Your Family Financial Pain

  • November 9, 2021

Let’s face it, no one wants to think about the day they are going to die. Taken a step further, no one wants to deal with the legal implications of dying without a will and/or a beneficiary. It’s as if by tackling these issues while still very much alive, you are signing your own death sentence. 

But if you die without your legal house in order, you can cause your surviving family members both financial and emotional pain. Says a probate attorney in Los Angeles from the San Fernando Valley Bar Association, sometimes people die unexpectedly and, in turn, they leave nothing to their rightful beneficiaries. In that case, a person’s legal and financial affairs must be settled after death. 

But a probate attorney will help you file a probate petition, settle the legal and financial affairs of your deceased family member, and even assist the beneficiary to your estate in settling family disputes which are all too common. 

What’s also all too common, is not properly naming a main beneficiary while you’re still alive. According to a recent report, beneficiary designation is the legal act of naming someone who will directly receive benefits when you die. The benefits can include your 401(k), your IRAs, your cryptocurrency holdings, your life insurance policy, your fiat retirement savings, property, and more. 

The problem is that beneficiary designation can get a little messy when there’s more than one beneficiary involved—beneficiaries being children of the deceased, and/or wives/husbands. Potential problems can be dodged by avoiding some of these most common beneficiary mistakes.   

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