The Pros and Cons On Taking Out A Credit Card

Because you’re employed in a stable company, you’ve been receiving countless credit card offers from different banks. They told you that these come at very low-interest rates and the bank can offer promos which are apt for monthly income. They even told you that if you sign up with them, you’ll be able to qualify for freebies. And while this kind of offer might be tempting, you’re still not sold to the idea. For one, you’ve known people who have credit cards, and they told you how stressful it can be once they’re not able to pay for all of the fees every month. To come up with a sound decision of whether or not to get a credit card, you should first consider its pros and cons.

First off, you can expect to experience these benefits when taking out a credit card:

1.You’ll have more purchasing options: Because of technology, you can purchase more items with the use of credit cards. You can buy items over the phone and internet if you have a credit card. You’ll never have these privileges when you only have cash. 

Credit Card

2.Credit cards are faster to use: Unlike when you’re using check or cash, using your credit card for any kind of purchases is easier and faster. You no longer need to check for bills in your wallet or to write details on a cheque. Just one swipe of your card and you’re done!

3.You can pay in installments: This is one of the reasons why people would opt to have a credit card. When they have one, they can have the option to pay their credit card balance over a period of time. You don’t have to pay everything in full outright. 

4.Your credit score will improve: When you pay your credit card fees on time, your credit score can improve over time. This is very helpful when you’re planning to apply for mortgage or an auto loan in the future.

5.You’ll have enough funding for emergencies: A credit card can be an easy solution during financial emergencies. Instead of getting any amount from your savings, you can easily use your credit card. With a credit card, you don’t need to make drastic changes in your budget just so you can finance an emergency.

6.You don’t need to carry cash: When you use credit cards during your shopping trip, you’ll be safe from thieves and other similar crimes. Since you’ll be doing everything with a credit card, you don’t have to carry large amount of money or stop for any ATM just to get money. You’ll be safer with a credit card. 

On the other side of the coin, taking out a credit card also comes with a few cons, and these are:

1.You’ll be tempted to spend more than you can afford: Because of the convenience of using a credit card, you’ll be tempted to purchase anything – even with items which you don’t need and can’t afford.  

2.You’ll be susceptible to debt: Purchasing too many items within terms which you can’t meet can become the reason why you’ll end up in debt. When this happens, your credit score and life can be affected negatively. And most often than not, it’ll take years for someone to get back on their feet once they’re covered in debt. 

3.You’ll encounter unfamiliar terms: When it’s your first time to apply for a credit card, you can easily get confused with the terms and jargons found in a credit card agreement. Understanding terms pertaining to credit card use is crucial so you won’t end up putting yourself in too many risks. 

In Conclusion

Decisions that involve your money should be carefully thought of. You shouldn’t jump into making one just because of peer pressure, or you think this will be a status symbol. On the contrary, you should acquire something because you need it and you feel that your life will be easier with it – the same goes when you’re taking out a credit card. Even if you’re offered with the most popular credit card, if it’s no longer apt for your budget and needs, politely decline. You should only make decisions that will make your life easier, not harder. Good Luck. 

About the writer: Amelia Smith believes that the key to understanding something isn't always about how good the explanation is, but how engaged you are with the learning process. As such an integral aspect of her pieces for sites such as Go Bear is to ensure that insurance and banking concerns of her readers aren't tackled just in a technical sense, but also in a way that they can relate to their lives.

Key Tips On Hiring A Bookkeeping and Accounting Service For Your Finances

For months after opening your business, you can see that it has been doing well in the industry. The number of your customers are increasing every week, and you can see you’re earning more and more profit. You also noticed that your store is getting busier. And although you can still manage your finances now, you want to be prepared; you want to hire a bookkeeping and accounting service to help with your finances in the long run. You believe that these are the best people to ensure that everything is in check with your business’ finances.

Bookkeeping and Accounting Service

Hiring a bookkeeping and accounting service for your finances can do wonders for your business. But given that this is a very risky role to fit in, you should carefully choose which to hire. Working with the wrong company might end up in bankruptcy, and you don’t want that to happen, right? Ask these questions below when you’re about to hire a bookkeeping and accounting service:

1. What is the scope of the bookkeeping work?

This question is important because this is when you’ll learn what the service provider can and can’t provide. This will also help you set your expectations. Some bookkeepers will act as management accountants and help interpret your business’ figures while some bookkeepers only do data entry. You should work with a bookkeeping and accounting service which will do the following:
  • Enter supplier bills and pay suppliers.
  • Prepare reports such as balance sheets and profit and loss statements.
  • Raise sales invoices and follow up debtors.
  • Reconcile bank transaction.
2. Are they registered and qualified?

Many bookkeepers will have a diploma and accounting degree. But if you’re looking for someone who is up to your states’ standards, you should make sure that you’ll be working with a bookkeeper who is a registered BAS agent. BAS agents are registered with the Tax Practitioners’ Board. Qualification and registration requirements per country vary though. You should ask your bookkeeper about this and make sure that they are registered to file sales tax in your country. 

3. How familiar are they with your industry?

Sure, the service provider you’re eyeing to hire might be operating for years but do they actually have experience in working with your industry? If they didn’t in the past, this could require time for adjustment. If they have, ask them about their previous clients, issues faced and what were the solutions they made. You don’t want to work with a bookkeeping and accounting service which don’t know how to handle your industry’s problems, right?

4. How do they communicate with your clients?

Since you’ll be entrusting your finances with a bookkeeping and accounting service, it’s vital that you know how you can communicate with them. Regular communication is important especially during the first few months of working together. Ask if you’ll be keeping in touch through calls, e-mails or personal appointments. This should be clear during your first meeting to avoid miscommunication moving forward. 

5. How do they price their service?

Price is one of the deciding factors of whether or not you’re going to hire a bookkeeping accounting service. You should work with someone who’ll give you the service you need within a reasonable price range. You don’t want to hire an expensive service and then end up cutting the budget for your customers and employees just to pay for them. 

Generally, bookkeepers are charged with a fixed rate. When you’ll work with someone who follows this payment structure, ask what is included in that fixed rate. Also, inquire if there are any additional charges for their services. 

In Conclusion

Anything that deals with your business’ finances should be carefully thought of every time. You don’t want to waste your resources for expenses that won’t be helpful for your business – and working with a bookkeeping service is no exemption. Keep in mind the things presented in this article as this will help you work with the best bookkeeping and accounting services apt for your business!

About the writer: Abigail Mallard loves numbers, and as a content writer she believes explaining technical concepts, especially those in business and finance, is a challenge she can always strive to surpass. As a contributor to Bookkeeping.com, she strives to ensure her pieces are able to explain technical financial and accounting concepts to her readers in order to ensure they get a basic gist of what they need to know about their finances should they so desire.

Partnering Up - Why A Two-Player Investment Strategy Could Work For You

The world of investments is a tricky one. If you've never invested before, you could face some hard lessons as you learn the ins and outs of investing. Having someone at your side who has been there before, and is willing to share the risk will help you greatly, potentially creating a profitable partnership for you both. 

Investment Strategy

If going it alone isn't an option for you, learn more about how a two-player investment strategy could work for you.

A simple way to learn the tricks of the trade

The stock market can be a tricky and confusing arena for the uninitiated. Being able to partner up with somebody else can teach you everything you need to know and help you feel more comfortable with trading. Social trading sites are a great way to learn from experienced traders, and reading an overview of eToro, a recommended social trading platform, could tell you more about their benefits. You can also join forces with a friend or partner to maximize your initial investment and potentially generate higher profits from trading. Even having a mentor to help you while you’re getting to grips with trading could help you become a more successful trader.

Sharing the burden of property investment

Investing in property is another financial roller coaster, and it's a lot to take on by yourself. Whether you're looking to flip a house or sell on renovated property, having someone else on board can make the situation easier and halve the workload involved. With someone else putting in an equal share of the money, you can get started much quicker as well as share the risk. There are pros and cons when it comes to investing in property with a partner, When you're new to real estate, partnering up is certainly worth considering.

Two heads are better than one for business

Setting up a business alone can be a long and lonely road, but having a partner by your side can make the journey better. Perhaps you lack the business expertise to get things off the ground, or you need the financial backing of another to turn your ambitions into reality? Whatever the reason, a partnership could be the best way forward for your business. Read tips on starting a business with a partner to make sure you’re prepared for what lies ahead. A business partnership could be a short-term arrangement or could lead to a successful venture that is profitable for you both. 

While not all partnerships are set to last, you stand to gain a lot with someone else by your side. From sharing expertise and ideas to sharing the financial burden, a partnership is a great idea if you're afraid of going it alone. Weigh up the pros and cons and see if seeking a partner for your investment plans is the right way forward for you. If you do decide to go it alone, be sure to read investment blog articles to stay up to date on the latest investment news and to get tips on how to turn your investments into a success.

What You Don't Know About Credit Cards Is Costing You Money

Credit cards are a fantastic way of spreading the cost of a large purchase or being able to get yourself out of a financial jam quickly and efficiently. However, too many people do know enough about how credit works and this could be causing them a fortune. To that end, read the post below to top up your education on credit, something that will save you money. 

Credit Cards

Score vs rating 

Most people are aware that their reliability as a borrower is assessed, and it is this that is used by companies to decide whether to grant the further credit and loans. However what many folks don't get is that there are two different systems. 

The first is the credit score and this a three digit number that is awarded to individuals and determines their risk as an investment. This is what you need to know about if you want to buy a car, get a mortgage, or take out a loan. You can find out how to check this at sites like wellsfargo.com or by following the advice in the video below.



The second form of assessment is the credit rating, and this is a mix of letters and numbers, and it is used for business and commercial enterprises. This is not the same as your credit score, and that is important to know if you are in the process of setting up a business. 

Rating vs rate 

Some of the terminology to do with credit can be confusing as well. In fact, there are two things that sound the same but are different. 

These are credit rating and credit rate. Credit rating is, as described in detail above, about your risk level as a business. However, a credit rate, often known as an interest rate is the percentage value of the entire amount you have borrowed that you can expect to pay back. Something you can get more detail on at thebalance.com

It is vital to know what the term credit rate means, as well as what the figure is because lower rates are preferable as they will cost you less in the long run.  

The problem with credit  

Now, linked to this concept of interest rate is the main problem with credit that many people don't think about until it's too late. 

How it works is that you buy something on credit with a high-interest rate. Unfortunately, because the interest is high, you end up paying only the minimum payment, and you don't clear the original debt you borrowed. Therefore interest is keep being added to this and you end up in a cycle of debt

Happily, you can end this by working with a company like consolidation.creditcard that can take on this debt for you. All you then need to do is pay them their monthly fee, and over the long term you can clear off the debt you owe. 

Credit applications 

Lastly, applying for credit can be a risky thing, but not many people realize why. The reason is that if you apply and are denied this is recorded on your credit record and affects your score. 

What this means is that if you want to keep your interest rate as low as possible only apply only four cards that you have a good chance of getting, and limit applications to a minimum.

Cost Over Comfort: House Flip Or Buy A Renovated Property?

The bane of the modern investor is real estate. The varying costs of a house boils down to so many different factors, but with the modern homebuyer that's looking to make a profit, house flipping has been seen to be a great option, but when you compare it to buying a home that has been previously renovated, what factors do you need to consider overall, and is one cheaper than the other?

Renovate Property

The Cost Of The Materials

The first thing to consider, after you have bought a home that is in need of renovating, is how much material you need to buy, in order to make this home available as a commodity. Purchasing the materials is going to be a considerable investment after you've purchased the home. But for those people who buy a run-down property and look to build it up, the first thing you need to examine is the area the property is in. If you are building up a property, inside and out, which makes it surpass the quality of the other houses in the area; this makes the house stand out, but not in a good way. As a result, you could find yourself out of pocket, thinking that people will buy a good quality house for a high price even though it's in a bad quality area.

The Time To Renovate

Lots of people decide to move into the property while they renovate it, and as a result, it takes up their entire life. So when you look at the time and how it translates to financial cost, is it going to be a couple of years until you start dealing with the real estate agents? The time it could take to get the house up to code, all depends on the quality of the house in the first place. This is why buying a home that’s already renovated takes a lot of stress out of the equation, but you will be paying that bit more.

Is It Easier To Pay Someone Else?

Paying someone else to renovate your property, like many house flipping companies do, could mean an investment up front. But at least with a house flipping company, they are contracted to complete the renovations in a set time frame, which reduces stress from your perspective, meaning that you can put the house on the market sooner. This is all down to your own personal circumstances of course, and whether it means you will have to end up cutting daily costs out of your life in order to pay for this house flipping project, it could be a sacrifice now that can turn into long-term gain.

The defining factor is all about whether you have the time or not. If you don't have the time, then it's better for you to acquire the finances so you can hire a house flipping company. But if you have no money, you have no option but to go for a house that is more affordable and do it up over time. Many people decide to do this because it provides a nest egg for them, but it's a question of cost over comforts. Can you bear to live in a home that is unfinished for a long time? If so, then it's financially worth your while to flip a house yourself.

Getting Daily Costs Down

If you’re struggling with your daily costs, then the sooner you get them down the better. But for some people, finding a way to get daily costs down is just hard. Instead, daily costs seem to rise and rise until they don’t feel manageable. Not a way you want to live your life, right? So, the question you need to be asking yourself is how can you get your daily costs down, without having to cut out some of the luxuries in life? Well, it’s not as hard as you might think. There are some simple solutions that will get those daily living costs right down for you, and we’re about to share them! Have a read on to find out more.

budgeting

Are You Overpaying?

A lot of you will be overpaying on the things in life that you really shouldn’t be. A lot of you won’t even realise that you’re overpaying either. Let’s talk about bills first. Bills are the one that people struggle with the most, but the companies that you’re with won’t necessarily be helping towards that. Once a company has you in their grasps, they ooze the money right out of you. You might be tricked into thinking you’re getting rewards for being a loyal customer, such as perhaps a few pennies back at the end of the year. But in the grand scheme of things, you are going to be overpaying for the energy and water that you use within your home. If you visit websites such as https://www.simplyswitch.com/, you’ll be able to use their comparison services to see if you can save some money on the bills that you’re paying. You might also find that you’re overpaying on things as big as your mortgage. After around a year or two or owning your home, it might be worth checking out if remortgaging can save you money. Talking to a financial advisor should give you more information as to whether this is going to work for you. But considering your mortgage is going to be your biggest monthly payment, it’s always worth a try.

Are You Overspending?

A lot of people won’t like to admit to the fact that they are overspending. A lot of people assume that the little treats they purchase each day amount to nothing. But when you add everything up that you’re buying each week that isn’t necessarily essential, you’ll realise it can add up to a lot. To try and control your overspending, budget yourself. If you have some things in mind that you’d like to buy, limit yourself to two treats a month. That way you’re not missing out, but you’re not overspending on the things that aren’t essential. Doing a monthly budget plan might also help you stick to a stricter budget. You’ll know exactly what you have spare, so you won’t fall short at the end of the month providing you do actually stick to the plan.

Hopefully we have given you a few ways that you can get your daily costs down. If you feel as though you need further help, you might benefit from a face to face meeting with a financial advisor.

Diversifying Your Finances Can Be As Simple As This

When it comes to making money, you always want to be sure that you are focus on the long term. If for whatever reason your income were to dry up, or you were to find a reduction in the amount that you’re earning, you would really need to do something about it. One of the best ways to ensure that you don’t take the hit so hard when it comes to suffering something like this is to diversify your finances. At the same time, when you learn to manage your finances in this way, you will also be able to enjoy a higher amount of income. And this is often the key that many of us are looking for, but it can often seem like this is hard to do. So let’s simplify it for you.

trading

1. Starting A Side Hustle

First of all, you’ve always got the option to start a side hustle. This is something that everybody could do if they’re willing to put the work in. But that’s the thing with side hustles, there’s very rarely easy. After you’ve had a busy day at work, you then need to go home and hustle on your own business. But if you’re not afraid of hard work and you’re willing to put in the hours to get your reward, you will be able to create a sustainable second income this way.

2. Creating A Website

Next up, there’s always the option of starting a website. Now, this could be something that works as a side hustle for you, particularly if you don’t want to launch your own product or sell your time as a service. But by building a website and driving traffic to it, you could make money via advertising revenue, which gives you another stream of income.

3. Trying Affiliate Marketing

At the same, you can often make a lot of money out of affiliate marketing. This is something that can confuse a lot of people at first, as it doesn't seem like a real or viable way of making money, but you just need to see it as being paid a commission - because that’s all it is. Again, you could set up a website as a way to earn money in this manner.

4. Buying Cryptocurrency

If you really want to cash in on a new but very exciting way to make money, then you’re going to want to go crypto. When it comes to cryptocurrency trading, you don’t have to be an expert. Just make sure that you do your research first and that you use a platform that will make the trades as easy of you as possible.

5. Investing In Other Areas

And, of course, you've always got the option to invest in other areas too. So if you want to make money over a long period of time, you could consider investing in property, or putting your money into stocks and bonds that are likely to give you a great return in years to come.

How To Manage Your Business Finances Better

When it comes to your business finances, you always need to keep your eye on the prize. Whether you realize it or not, in order to do really well with your financial situation, you have to watch your finances, make the right decisions, and push forward where you can. And to do that, you often need to have the right tools in place. So let’s take a look at what they are.

Expert Help

If you’re not a financial expert yourself, then you are going to want to make sure that you get some assistance from someone that is. Because you could be as organized as possible and have the best intentions, but if you don’t know the ins and outs of all things finance, you may miss out on making your money work harder for you. But when you hire an accountant, they’re going to be able to give you the best financial advice possible. And this is going to help you to make the right decisions going forward.

A Solid System

But at the same time, there are things that you need to be doing too. And this involves having the best tracking system possible. While there are lots of different software packages out there for you to consider, you may also want to think about setting up your own system in Excel. When you have your own way of doing things, you know that you’re going to be accurate. Especially when you master Excel as the below infographic shows.


Manage Your Business Finances
Infographic Design By excel at excel

Business Advice: How to Dig Your Way Out Of Debt

If you are in a lot of business debt then you will know how frustrating this can be. You may find the whole process very debilitating and you may even be worried about your personal financial future as well. Luckily, there are things that you can do to try and get the whole situation sorted out and there are also things that you can do to try and get the support you need as well.

pay off debt

Cut Unnecessary Costs

You need to start off by identifying any costs that got you into your debt in the first place. You then need to face them head-on. For example, if you are in debt because the customers that you have aren't paying you on-time then you will need to try and get this sorted out. You also need to try and get an automatic invoicing software setup and you may even want to look into a debt collection company as well. If you have any costly cell phone bills then it helps to look through these and it also helps to consider any ways that you can free up some cash as well. This will really help you to stop your debt from getting worse.

Take a Good Hard Look at Your Budget

If your debt keeps on piling up and you don’t know what to do about it then you may need to look at your company budget. Whatever you have left after your expenses should really be used to pay off your debt and you also need to be really strict with yourself when it comes to spending. One way for you to try and keep track of how much you are spending would be for you to use an accounting software. You can use this to try and find out how much outgoings you have, how much income is set to arrive in your account and even your monthly expenses as well.

Prioritise Payments

If you have a lot of payments then you will want to prioritise these. You’ll want to pay off the ones with the highest interest rate first and then work your way down. This is a brilliant way for you to really stay on top of your finances and it is also a great way for you to go that extra mile when it comes to your debt. This could save you hundreds every single year, so it’s worth doing. You can also prioritise your debts in the order that they need to be paid, for example, if you have a low-interest debt that is long-overdue then you’ll want to get this sorted out before you go ahead and clear any others. Of course, if you are in serious trouble then it may be worth you looking into businesslineof.credit to see if they can help you to get the financial boost you need to really clear off some of the payments you have.

At the end of the day, there are many different ways that you can pay off your debt and you would be surprised at how easy it is for you to get debt-free by the end of the year!

The Art Of Good Forex Trading

If you are looking for a way to make some big money fast, then forex trading can provide you with exactly that - if you are lucky, that is. By its very nature, not everyone can win at this particular game all the time - but if you are keen to do so, with some determination and a lot of hard work you should be able to get something out of it in no time at all. In this article, we are going to take a look at what decent forex trading really looks like. This information should help you if you are about to embark on forex trading for the first time, and it might even provide some useful refreshers for those returning to this kind of trading from a pastime. Let’s take a look and see some of the things you might want to consider to rock this kind of trading.

Good Understanding Comes First

If you are to successfully trade on the foreign exchange markets, you will first need to make sure that you actually know what you are doing. This means carrying out some deep research so that you are not lost in a sea of unknown and useless terminology. It’s also important for safety and security reasons, as if you don't really know the ins and outs then it is much more likely that you will lose out in the long run. There are many things to understand off the bat, and you should probably begin with some of the basic terminology.

Forex Trading

The currency you are spending is referred to as the base currency, and that which you are purchasing is the quote currency. Essentially, you sell one for the other in such a way as to make as much profit as possible. You probably already know what the exchange rate is, and that has to be one of the most important things of all to learn to understand. Then you have the question of whether a position is long or short. In a long position, you are buying the base currency and selling the quote currency, and in short it is the other way around. Understanding these simple terms is vital if you are to see success, so make sure that you do not overlook these if you really want to be successful in forex trading. It could be the making or undoing of you, depending.

Don’t Go It Alone

Another common way to fail with forex trading is to go it alone, without any outside help whatsoever. Even if you think you have got a pretty good understanding it, the truth is that you need to be able to have a feeling of security as well. The kind of help you get, however, can vary dramatically, and it’s not always necessarily in the form of someone sitting next to you. Instead, it might just be that you download some pre-existing forex trading software, which can actually help you to make the right kinds of decisions. 

Choosing Currencies

It goes without saying that you will need to think about what currencies you want to buy and sell early on, so that you can then spend a lot of time paying attention to those particular ones. This decision might simply be based on your local currency, or on an understanding you have about a foreign one. In either case, you need to be clear in your head with what you are going to trade before you get started - as otherwise you will be much less likely to succeed.

Calculating Profits

All of this is clearly inherently mathematical, and it is going to prove necessary to make sure that you can calculate your profits as accurately as possible. Not only does this allow you to make more sensible and wiser decisions - it also means that you will be able to maximise your profits as well. To calculate your profits, take you number of pips and see the difference between them in relation to the market. You will be able to work out your likely profits in this way, which can further direct you how to go in the future. With some time and patience, you will be trading in forex successfully in no time.

The best alternative investments for 2018

Spring is in the air, the first quarter is well and truly behind us and we can safely say that 2018 has reached cruising altitude. So now is the ideal time to take a look at how the year is shaping up from an investments perspective. Alternative investments almost need a new name, as in today’s financial environment, the exception has become the norm. 

alternative investments

After all, according to a recent report from PWC, almost a quarter of Sovereign wealth funds are now sunk into alternative investments. The same can be said for approximately the same proportion of all pension funds. Talking about alternative investments in general is well and good – but which are the ones that are attracting the most interest this year?

1) Buying gold

What could be safer than gold? Whatever else happens in the world, it will always hold its value, so how can you go wrong? In essence, you can’t, and every investment analyst will agree that gold should form part of your portfolio. Before you rush out and invest in gold bars, just remember that the very quality that makes it so safe also means you are not going to get overnight returns. Slow and steady wins the race, and that is very much the attitude you need to carry into gold investment. 

2) Join the real estate party 

Gold might be the traditional investment of choice for kings and emperors, but ask the average hard working man or woman, over the past century about the best way to invest, and they will say “bricks and mortar.” 

This strategy has certainly been bringing home the bacon over recent years, and the property market across the US and in the UK has remained largely buoyant when most other avenues of investment have stuttered. The growing popularity of home makeover and fixer-upper shows on TV has fanned the flames, and suddenly anyone with a few thousand to invest is becoming a private landlord. 

The property market remains strong, so the argument in favor of real estate is a compelling one. However, do not fall into the trap of thinking property makes a good diversification strategy. For the private investor, simply owning the home you live in provides more than enough exposure to this particular investment market.

3) Collectibles

From stamps to fine wines to classic cars, there is a growing trend towards investing in collectibles, the logic being that they will appreciate in value with the passage of time. This can be a dangerous road to go down. If you enjoy works of art and classic cars, then by all means enjoy your hobby, but it is dangerous to assume you will automatically make a profit from them.

The classic car market, in particular, can be hazardous. Around 20 years ago, the bubble burst spectacularly, and you also need to factor in the costs of maintenance and storage. Also, if you enjoy using your investment, be prepared for the fact that wear and tear will have an impact on its value.

Is Ontega Nigeria a scam FOREX broker?

If you are looking for financial freedom and flexibility, trading in the FOREX market is the answer, or unless that is what scammer brokers say to incentive beginners and old traders to log in to them. But why does it work? Because it is in part right, through the past decade the popularity of FOREX has risen as the advancements of technology, have made it possible for any person to get into the market and get higher profits that you could ever get with any bank or investment firm. 

forex

The opportunities to profit are virtually endless. But nothing is as good as it sounds.

The new fraudulent promotion developed and sold across the world is the investment in the foreign currency exchange market (FOREX). One of the most likely types of fraud is the online trading scams. So this is the reason why is better to find a reliable broker.

Is Ontega among these scammers?

According to reviews and comments in the web, Ontega.com is a safe broker with particular characteristics, which was born in Cyprus, specifically in the city of Nicosia. It is regulated and has a form to be contacted.

It offers you to access limitless opportunities to profit on the financial markets with a minimal investment, only $5. There is no need to have a deep pocket to invest in company shares, currencies, gold, and oil with Ontega. It also gives the customer the opportunity to be educated in FOREX Trading. 

So, you will not roam the global markets alone. Its Platform was built with the purpose of guiding rookies and not so novices, through all the aspects of trading. That includes how to place a trade, when to exit, how to choose what to trade, how to analyze the market, how to identify the trend and how to use all the risk management tools to maximize profit.

They want to be sure that you have the appropriate means to be successful and achieve more advanced goals, so you will not be overwhelmed with information if this is you are in diapers, or for the contrary, if this is not your first rodeo, you will have a complete panel of tools. You trade whatever you choose, as much as you want, and at the moment you consider convenient.

A notable fact is that the most of its traffic comes from Nigeria, with around 30 percent of its visits. 

Why is Nigeria the country with more visits in Ontega? 

Over the recent years, thousands of traders in Nigeria were scammed on the internet by unregulated financial institutions using Ponzi schemes.

That’s why the Association of on Line FOREX Trading Agents, a group of online foreign currency trading brokers in Nigeria, has created an initiative to bring back the confidence in online trading by engaging several government agencies to put an eye into the regulation of the business. Ontega Nigeria is under that eye so it’s not a scam.

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) are the bodies who have the power to establish a regulatory framework for trading in OTC derivatives. 

FOREX trading in Nigeria, it is not illegal. Many foreign FOREX brokers already have a physical presence in Nigeria, including Ontega.com, which in addition to this, the tiny investment and its educational system have made it a reliable option to start investing.

It is important to remember that, trading in FOREX, may result in loss of funds. If you do not thoroughly understand the risks involved in foreign exchange trading, do not trade.

Before the idea of committing any transactions with Ontega placed in your mind, you should seriously consider whether such deals are suitable in light of your financial position and investment objectives. This is why Ontega offer you a minimum investment of 5$ in order to make you understand if forex is your cup of tea.

Is there a trick in Ontega?

Ontega is a broker considered pioneer and called to be the biggest game-changer in the financial app marketplace in 2018. In experts opinion, there's nothing to fear about this borker. The only think you should be care is the amount of money that you want to invest and how to invest it.

Find The Best Degrees To Earn The Big Bucks

If you’re about to enter into higher education and college, you will probably be in the process of choosing a degree. What’s important to you here? Some people want to make sure that they choose a career that will lead to a job they’re going to love. Others will want to make sure that their career will put them on the road to helping others. Many more will be most interested in finding a career that is going to lead to the highest possible income. If that sounds like you then it’s worth knowing the degrees that will lead to the biggest possible pay levels. Let’s look at some of the possibilities.

jobs

Business 

This one might seem obvious, but if you study something like business management in college, you will be putting yourself in the position to earn a massive paycheck in the near future. Why is this? Well, with a business management degree you will gain the knowledge and the skills necessary to run a company or claim a management position. As such, you can expect a healthy salary of at least 100K annually. Due to this, you won’t need to worry about not being able to afford those luxury holidays or even investing in a deposit for the dream house you’ve always wanted. 

Of course, a business management degree also opens up a number of other possibilities as well. All of these are positions high up in a company and thus come with a high level of pay.

Law

Lawyers are famous for earning big fees. If you become an attorney, you can charge upwards of one hundred pounds an hour. The only downside is that you’ll have to work long hours and be at the total mercy of the clients who are footing the bill. Unfortunately, there will be no long lunches or early Fridays leaving the office. Still, with this type of degree, you’re going to find paying for life's little luxuries easy and affordable. 

Again, law can offer more possibilities than just working as a lawyer. For instance, you can go into HR. Ideally suited for those who don’t want to go through the full six years of legal training, HR jobs can still pay very well indeed and will easily allow you to live the type of lifestyle that you've always hoped for. 

Medicine

You do need to make sure that you get a first when you study medicine. After completing your degree, you will then need to move onto your internship. As such, it can be a long road to getting a high level of pay. However, there are shortcuts. For instance, you can become a dentist. While still medically trained, a dentist will need a lot less training compared to a doctor. As well as this, working as a dentist, you will be able to get a high level of pay. Indeed, many dentists earn upwards of two hundred thousand every year! 

These are just three examples of the degrees you should be exploring if you want to make the big bucks.

How much could you need for retirement?

Thanks to the success of auto-enrolment schemes, growing media coverage and raised pension awareness, UK citizens now know better than to push their pension to the back of their minds.

A new quiz created by True Potential Investor is helping Brits better understand how much they could need to support themselves financially in retirement. It asks a series of questions to establish an estimate of what you could need based on the lifestyle you want to live. You can take the Saving For Retirement: How Much Will You Need? quiz on True Potential Investor’s website today.

pension

In addition to the quiz, True Potential Investor creates a quarterly Tackling The Savings Gap Consumer Savings and Debt Data report, which has produced some interesting findings over the years. The Q2 2017 report found that last year, 598,000 employers were enrolled into a workplace pension scheme. Collectively, they contributed £87.1 billion during the period. With the popularity of personal pensions continuing, it’s clear to see that Britain is certainly more aware of its pension responsibilities.

Other financial commitments could be impacting our pension contributions, the Q3 2017 report has found. During the quarter, 45% of survey respondents failed to make a pension contribution; this was most common in 45-to-54 year-olds (47%). 18-to-24 year-olds had the second largest proportion of people who failed to contribute (44%).

The above figures should be considered in relation to the report’s other findings. It found that a third of its respondents worry about money on a daily basis, while 37% admitted to lying about their debt. Perhaps then it’s not because of a lack of awareness; it may be because their financial situation simply won’t allow them to make a contribution.

Those who did contribute to a pension during Q3 2017 added an average of £203, the report found. In contrast, the average amount of debt taken on by UK consumers each month stood at £370 — significantly higher than the amount put into their personal pension accounts.

Each month in Q3 2017, Brits were guilty of spending £143 on purchases of food, clothing, alcohol, and other items that they would later regret. If this money was invested in a pension instead for the full span from age 30 to 65, it could translate into almost £320,000, according to the Q3 2017 report. Based on the fact that Brits believe they will need £23,000 annually to live comfortably in retirement, this amount would be enough to fund 13 years of retirement.

This total regretted spend works out at a daily expense of £4.70. As the above example shows, investing this amount instead could lead to a good start towards your pension pot in retirement. As such, we shouldn't underestimate the impact that small yet regular contributions can have. This underlines the importance of better financial management to allow us the capacity to add such funds to our pension pots.