How Your Home Can Help Beat the Monday Morning Blues

There was a time when you dreaded Monday mornings. Trying to ease your way back into another working week was horrible. In reality it felt like you were being thrown in at the deep end, complete with headache, exhaustion and despair. Now those days are coming to an end or may be already over. Your mortgage is paid, and the kids are long gone. Retirement sounds like a heavenly chorus. After all, you’re not quitting, you’re moving on. You are about to start a wonderful new chapter in your life that doesn’t include Monday morning headaches. Or are you?

The reality of retired life isn’t quite so heavenly to some on a lower pension income. Some people want to stop work but can’t afford to. There is a way to make all those years of hard work pay. Your home has gobbled up your income in the past in mortgage repayments, but Irvine reverse mortgages can make your house pay you. A reverse mortgage is a simple way of drawing an income or cash lump sum from the value of your home.

There is no need to make any repayments on a reverse mortgage during your lifetime. Reverse mortgages like Irvine reverse mortgages pay you until you pass away. Your beneficiaries can choose to repay the loan by refinancing the house. Alternatively, a reverse mortgage can allow the bank to take over the house as full payment to clear your loan when you have died. At no point can your beneficiaries be personally liable for your reverse mortgage repayment. The lender cannot take title of your home or remove you while you still occupy it.

How Your Home Can Help Beat the Monday Morning Blues

In addition to providing an income for those who want a better quality of life, it is also possible to take a cash lump sum from Irvine reverse mortgages. This may help pay off your outstanding debts or go toward a new project or purchase. It may even help you look after a family member.

It is always a good idea to do your research before applying for a finance package. Reverse mortgages are a great way to provide some income, but you need check they are right for you at this time. Interest rates can increase the older you get so think carefully about the best time for you to apply. You will need to complete approved counselling before your application. This ensures you fully understand the agreement.

Before you head out that door on Monday morning to face another week of hard work and unhappiness, think about what your home can do for you. You have nurtured it, painted it, extended it and furnished it. You’ve fixed the cracks and tidied the garden, and even invested in some new cladding. Your house has been well looked-after and you provided everything it needed to make it a home for you and the kids. Reverse mortgages give your house a chance to repay you for your kindness and investment over the years. It's time for you.

Investing in a Commodity Mutual Fund? Read This First

Investing in a Commodities Futures Contract can prove expensive and extremely risk prone for a retail investor. Instead it is a good idea to consider investing indirectly in commodities using a Mutual Fund. However, as with other equities, the investor should remember that not all funds are created equal. So it is important to ask some pertinent questions before picking the mutual fund you wish to invest in. Your broker would be a good source of information on current funds that are doing well. If you have some idea about the market you could study them up yourself and pick a good commodity mutual fund to invest in. Here are some things to find out before you pick one.

Objective and Investment Strategy

Each mutual fund has its own objective. One may focus on income investing, another on capital gains, and a third on long term investment returns. In order to meet the objective each fund has an investment strategy. The percentage of the principal it invests in commodities will accordingly vary. It would be a good idea to scrounge through the investment documents to note how they plan to spend the money you invest and also find out who the fund manager is. This will give you a good idea of how and where your money is likely to be invested by the mutual fund.
Investing in a Commodity Mutual Fund? Read This First

Previous Track Record

The fund you invest in may be a new one, in which case you should find out the name of the fund manager and see how funds he has managed in the past have fared. If it is an older fund, say five years or older, then the figures of return on investment will speak for themselves. You will be able to track how the mutual fund has performed in the past and dealt with ups and down of the market. Of course the past track record is only indicative of how the future performance may be. There are no guarantees that the fund will do as well as it did in the past in the near future. That is a risk that you will have to take on your investment.

Minimum Investment Amount

Different funds have different investment amounts for people entering the mutual fund. Some funds have a higher minimum amount for individuals but a lower one for those investing through commodity brokers.  There are also different classes of shares in a mutual fund. Each class has its own value and you will spend more or less per share based on the share class you decide to invest in. You will need to find out what the minimum investment, applicable taxes, fees and expenses involved will be. Remember these expenditures will cut into your profits from the mutual find. Hence the lower the fees and expenses of a fund, the more of profit you get to take home with you.

After you have found out all the details about a suitable mutual fund, you should invest in it. Remember to monitor it closely and cut your losses if something wayward begins to happen.

Reasons For Lenders To Reject Bad Credit Loan Application!

It is the general practice with the lenders to be guided by the credit worthiness of the applicants for loans. The lenders also take into consideration whether you have any considerable savings or some assets in the form of bonds and shares. Particularly when they consider applications for unsecured, the lenders do attach more importance to the credit aspect. Because, if it is a secured loan, they can have a hold on the securities offered as collateral. It is not so in the case of an unsecured loan. That is why credit plays a dominant role in an unsecured loan. If the credit score of the applicant is good, they have no anxiety about the return of the loan.

On the other hand, if an applicant’s credit score is somewhat poor, the lenders feel that there is an element of risk involved in respect of the loan. Therefore, they charge a higher rate of interest on the loan. In view of this, you would do well to improve upon your credit score gradually so that it reaches the top level. This should be done before you make an application for loan. Having a good credit score means lower interest rates and competitive terms. With these advantages, you will enjoy another advantage, i.e. lower monthly payments. So, it becomes all the more necessary for you to improve your credit score considerably.
Reasons For Lenders To Reject Bad Credit Loan Application!

Traditional loans are approved without much of a problem if your credit was and is good. The lenders would like to know about your past as well as present credit history. They would require complete details such as when you had credit problems and how many times you defaulted in making repayments or failed to make payments on the due dates, etc. Based on these details, they would work out as to how they could minimize the risk in the transaction. In short, your credit history, at the moment, does help the lender in his assessment of your current financial status. They form an idea as to what they could expect from you. By and large, lenders base their decision only on the past history of the applicants. Some lenders, however, attach more important to the present credit history of the applicant.

A credit report, covering the last six months, will give a complete picture and with the help of such a report, lenders take their final decision, whether or not to give you a loan. If you want cultivate a sound ‘credit behavior’ inclusive of financial discipline, you should see that you do not miss any payments and that there is default. Also you should make it a point not to make requests for credit cards or apply for loans. These acts of yours will go a long way to improve your credit score. Based on your credit details you can yourself decide on the amount of loan you can ask for.

If you have a high debt exposure, you will have only limited chances to get more funds. As already said, the lenders, while they consider the loan applications from such people with high debt exposure or poor credit score, take all these factors into account before taking a decision on the loan application. If your present credit history is good, even though the past credit history was just the opposite, lenders may adopt a lenient view and consider your loan application favorably. The interest rate and terms of payment, etc. will, however, depend on the factors mentioned earlier.

If someone is Visiting Your Home, is Their Property Covered by Your Home Insurance?

If you have visitors to your home, chances are that the last thing you’ll be thinking about is anything happening to their belongings while they are there. You probably don’t want to spoil the visit by thinking about problems occurring.
Home Insurance

But if there were any problems while someone was staying in your home what would happen? If there was a break in at your property and your visitor’s property was stolen would they be covered on your insurance?

You are only insured for property you have a financial interest in

It’s important to remember that your home insurance only covers you for property that you have an interest in; something that you bought or are renting. From this you can see that property belonging to other people is not covered. This being the case it’s probably a good idea if any visitors you have are aware of the situation. This is particularly important if they have any items with them that are especially valuable, see HBF for more on this. It is probably advisable for them not to bring these items with them in the first place.

What about if I am storing items for people?

You should be wary about agreeing to store items for other people in your home. Much like the property of people who are visiting any items that you are storing that don’t belong to you are not covered by your home insurance.
This is because you don’t have a financial interest in the item. You are not disadvantaged by not having it. You may feel as though you’re not being very helpful but the next time a friend asks you to look after items for them you may have to think very carefully about it.

Of course if the storage situation is likely to be long term there is one possible solution. You can always purchase the items from your friend and receive receipts to that effect. If you do this the items officially belong to you and you have invested money in them. If anything then happens to these items they should be covered by your home insurance. If at some point the other party wants their items back they can always buy them from you.

So what do you need to think about with home insurance?

If you are purchasing home insurance you need to make sure that you have enough to cover your home and contents should you be the victim of any incident. You also need to decide what deductible you want; normally if you are willing to accept a higher deductible your premiums will be lower. No matter whether you have purchased items that you are storing for someone else or not you need to make sure that all of your belongings are covered. You need to pay special attention to any expensive items, such as jewellery, that you have as you may need to take out specific insurance for these items separately.

Your Business Loan was denied. What are your options?

If your small business needs to meet shortfalls in cash for restaurants, contractors and retail stores alike you might have considered a term loans for help. Unfortunately, there are reasons why many small companies do not qualify for normal business loans. Your industry, credit score, collateral and operating history may all affect the loan decision.

Have you been turned down for a business loan? You should understand why the application was denied and then find the best alternatives. The loan’s purpose, amount, and length are all factors to consider. By answering these questions first, you will cut financing costs(interest expense) and increase the loan’s ROI.

Did your industry play a role in the loan decline? Many banks shy away from certain business models, such as restaurants, nightclubs, construction and even medical offices. Food service is seasonal with intense competition and high closure rates. Just think of the many restaurants that have closed in your area. The same factors along with changing trends affects nightclubs and bars. Contractors deal with slow downs based on the season and must often wait to get paid. Medical clinics must wait for insurance payments to clear and have high overhead for rent, equipment and staff.

Solution? Consider Industry Loans, which cater to companies in certain fields. Industry lenders like cater terms to the cash flow, risks and potential of a various fields. For instance, nightclub financing considers the need to front costs for food, decorations and liquor for theme nights or private parties. Lenders who work with doctor’s offices or construction companies tailor their approval process to consider the effect of high receivables or seasonal dips on cash flow.

Business Loan denied

Specialized loans may be an option if your loan is approved at a bank as well. Industry lenders may offer lower fees and more flexible terms than banks that approve your loan but with higher rates to compensate for added risk. If you operate in an industry with high closure rates, seasonal revenues or high A/R; an industry loan may an alternative.

Venture capital is not just about mega dollar deals in Silicon Valley or Wall Street. Crowdfunding is private equity for the masses in amounts from a few hundred dollars to millions of dollars.  There are various platforms to choose from and niche sites for particular industries, such as technology.

With crowdfunding, you state a case for why your business, product or service needs funding to countless investors. Entrepreneurs offer repayment that may be traditional interest or shares of ownership in the case of equity crowdfunding, Meanwhile, donation crowd funding is based on goodwill. A business owner may offer discounts on services or plaques of recognition in exchange for money to buy equipment or pay down debt. Be sure to check if the crowdfunding site is ‘all or nothing’, which means you only get the money if your funding goal is reached. Kickstarter and Fundable are examples of such platforms.

Conversely, Crowdrise and are flexible funding sites that allow you to keep all money raised.  You should consider setting a lower goal on ‘all or nothing’ sites and have realistic repayment on any crowdfunding platform.

In general, larger deals are better suited for ‘all or nothing’ platforms. Investors feel more secure knowing their cash will be only be used if needed funds are raised. This increases the odds of a loan being successful.

Does your business need fast cash in smaller amounts? If your company accepts credit cards,  merchant loans provide short term cash in exchange for a  percentage of daily credit card sales.

Merchant financing is an alternative to business credit cards or lines of credit to meet cash shortages. You can meet payroll, repair damage or have enough money for overhead with fast turnaround, typically just one to two business days.

Companies can also use merchant loans as leverage to expand. A restaurant can bid on catering or private parties knowing that money to buy food and decorations is available. The volume and history of credit card receipts will affect the premium/payback. A business with more stable credit card receipts will likely have a lower % than a newer company with less merchant history. Your daily credit card sales will be tapped until the loan amount and premium are paid back.

Make sure to calculate the ROI of a merchant loan beforehand, if possible.  For instance, is the profit margin on a private party more than the premium you will pay for a merchant loan? You can make informed borrowing decisions by evaluating loan in this manner.

There are more choices for alternative financing than ever before. Companies can survive and thrive with these 3 options, either as a supplement or alternative to traditional loans.a

How to Choose the Right Property to Buy

Do you want to move into a pristine property or are you looking for a fixer-upper? Knowing how to select the best property for you is a big challenge but the more you know and understand the easier the task will be, as you will see here.

Buying a property is a major undertaking – after all it’s the biggest thing you will ever buy in your lifetime. You should think about your needs and wants as well as your budget in this situation. It is a purchase you will be paying for a long period in the future.
Right Property to Buy
Choosing a good property means different things to different people. For someone who is busy and has little time to spend renovating or decorating, a fully finished property is the ideal solution. They can move in with their furniture and that’s all there is to it. However someone with good DIY skills might want to look for a bargain they can gradually do up to their own standards and tastes. This route has the potential to save some money, but it does mean living on a building site for a good long while!

It is also worth thinking about where your ideal property would be situated. Is it important that you have an easy route to get to work? You might want to live near a train station and also near some good schools if you have kids. Alternatively you may want to move out of the city and go to a more rural area with fewer people and more countryside to appreciate.

There are more practical things to think about too. For instance living near a river is charming but how often might that river burst its banks? If this should happen your property may well be flooded, leading to upset and damage for a long time to come. You never know if it may happen again either.

Every potential property should be checked for its condition prior to seriously considering whether or not to buy it. Subsidence is something that affects some properties and there is no way of knowing which ones might be affected in the future. If you want to buy a property that has already been affected in this way, you will need to get house insurance subsidence cover to account for this.

House insurance subsidence cover is generally pricier than general insurance policies so bear this in mind before you make your decision.

As you can see you should never rush into buying a particular property until you have all the information you need to do so. It is easy to become emotionally involved when buying a property, which is ironic really considering what an expensive purchase it is.

If you make the wrong decision you cannot simply move out in a hurry. You have to make sure you choose the right house, bungalow, flat or mansion for your needs – something that will suit you both now and into the foreseeable future.

Most of us move home at one time or another but in this case you can see it is easy to go through a few steps to make sure the home you buy now will feel like home for some time to come. So – which property are you going to buy?

Facing Troubles Managing Finances While Studying Abroad? Here Are Some Tips On How To Do It Right

It is a common complaint among young students who are in a foreign location, that they are not able to save. Saving is a complex procedure which is mastered by only few. But, it is not a rocket science that cannot be learnt. Today, let’s discuss few tips which have worked for students earlier and will continue to do so if effectively used.

Mind your expenses

Students are often swept away by the style of the foreign country they are studying in. With the fancy, students forget that they need to save. Students buy things that would keep them fashion forward. The new city’s cuisine is also an attraction where students usually end up spending more than required. Studying abroad is an expensive decision and little mistakes like this, would cost the students heavily. It is very important that the students restrict themselves. You can shop for your clothing needs online through Nordstrom and other sites which believes in keeping your pockets happy with heavy discounts. Before shopping, make sure that you do a quick online search and pick the best of Nordstrom coupons which would give you a discount on your purchase. Nordstrom sale is also a good option for students with which they can stay ahead of fashion while being soft on pockets. So don’t forget to use a Nordstrom promo code the next time you shop online.
Studying Abroad

Get your facts cleared about conversion rates and ATM transactions

This is one thing that students must clear their doubts about even before arriving. It is very important that you get your knowledge about the conversion rates of your home currency and the currency of the country you are studying in. Students often have a misconception about flat ATM fees, but it must be cleared that there are different charges that the bank might charge upon you. The foreign bank would charge you a certain percentage on every transaction that you make. Students, if have no other option, are advised to withdraw more money in a single transaction than making small transactions many times to save up on the transaction fees that the bank charges.

Global ATM Alliance- a boon for travellers and students

There are some international banks that have entered into an alliance. The banks under this alliance offer its customers freedom to use the ATM’s of other banks under the alliance without any extra charges. With an account in any of the banks under this alliance would be a positive for students who lose their savings on the transaction charges that the bank imposes on their ATM transactions.

With these simple money saving tips, students can manage their finances in a better way. It is always important to plan the budget and stick to it to avoid financial crisis. Students should learn these and other techniques when they are in a new country. They can also use some simple ways to save money like, share a room with friend, cook food instead of eating outside and so on. Shop and save cautiously and make your study abroad a wonderful experience that is not heavy on pockets of your sponsors.

A Long Way From Home — Why Study Abroad?

Studying in a new country can be an amazing opportunity, both academically and personally. You'll gain so much from the academic way of life that your life will be richer, both during the experience on undergraduate or graduate programs abroad, and, after studies, financially.

You’ll learn about other countries

Sure, you see lots of new places while you're on vacation, but nothing beats living in a new country to really know it. You'll make friends with the locals, maybe learn a new language, do your grocery shopping in local supermarkets — the list is endless. You're totally immersed in a new culture, really experiencing everything and having a true adventure.

You’ll learn about your own country

Once you live in a new place, you'll be able to see your own country in the context of the whole world, instead of just in the context of the one place you grew up in. You'll understand how your country fits into the wider world, and you'll begin to appreciate your country's traditions and history so much more.

You’ll increase your career prospects

International experience looks amazing on your resume: your future employer will know that you're not afraid of new experiences, you're adventurous and intrepid, and you have a wide knowledge base and confidence to bring to a new role. You'll be even more employable than you were before, and you'll end up with a great job.
Study Abroad

You’ll make new friends and forget old stereotypes

Your old friends are great, but you can never have too many new ones. Having friends all over the world is a lifelong gift: you'll always have people to visit and people who want to visit you! Not only that, but these new friends will teach you about the world and you'll learn that everyone is different and no one fits your predetermined beliefs about other cultures and people.

Academic advantage

Whether you're taking a year abroad as a small part of a degree in your home country, or studying an entire degree in a new country, you'll find that your educational experience will be much richer because you left behind the familiar and embraced new cultures in a new land. You'll learn more, gain further skills applicable to your future, and learn to grasp all opportunities that come your way!


On weekends and study vacations, you'll explore the surrounding areas and maybe even further afield. It's a great opportunity to see countries you'd never have thought to visit from your home country, and you'll have so many amazing stories to tell when you get home!

Widen your horizons and take a step towards a successful future by studying in a new place and meeting as many new people as possible. You'll never be the same again, and you'll never regret it!

How To Remain Disciplined While Trading In Forex?

Discipline, is simply a code of conduct that is devised by people in order to train their body or mind to learn a specific action. It is not a course of actions but a strict guideline on how to perform a certain task with ease and perfection. Forex is one of the most liquid markets and promises of high profits and high losses. This situation is similar to a captain trying to commandeer his ship in the rough seas. With proper discipline among his crewmen the captain can take all the necessary measures to muster his ship through turbulent waters. Similarly, in a turbulent market as foreign exchange, it often becomes essential for traders to practice utmost discipline in their trading habits to derive the maximum profits in the market for a long term. Here are a few tips on how to practice disciplined trading and create a long term standing in the forex market. 

Changing the Trading Habits

Believe it or not, the key to success in forex trading lies in the regulation of your forex trading and changing your trading habits. It is your trading habits that make you different from the millions of other traders across the globe and one must learn to act like the successful players in the market. Here are the few important habits that most successful traders follow in the forex market.

  • Limiting Screen Time – While analysis is important when entering the forex market, keeping a close eye on the charts all day can lead to a feeling that you can predict the market’s behaviour. Like overtrading, over analysing the trends and charts after making a trade is the leading cause of losses in forex. A successful trader sleeps in peace while a gambling/losing trader spends several caffeine fuelled nights hoping the trends would change according to his predictions.
Trading In Forex
  • Maintaining A Trading Journal – A trading journal not only provides you with the exact data of your trades and their details but is also a great place to write down your feelings when faced with a certain situation. This provides you with a really helpful insight on your own trading behaviour and helps you pinpoint the flaws and strong points in your strategy.
  • Patience is a Virtue – I cannot fathom the importance of patience when it comes to forex trading. Unlike other types of investments that grow in a defined manner, forex market is subject to a lot of ups and downs. Hoping for the market to change its ongoing trends is similar to hoping to see a Penguin in the North Pole. The best strategy is making a calculated trade and leaves the rest to the market before you make any move.
Identify Your Winning Edge

Once you have fully understood the nature of forex market and dedicated yourself to learning the art of trading it is important for traders to identify their edge in the market. The trading edge is often a personalised trading strategy that helps you anchor your entry in the market. Following the price action trading strategies will help you clearly identify your entry point in the market. Determining the entry point is important as you do not want to double your losses or limiting your profits by jumping in a fluctuating market.

Plan Your Trade

Making a strict guideline and following it through the course of the trade will often help you avoid letting emotions get the better of you. Most people who do not follow a plan will either suffer from losses or will only turn into greedy traders when met by initial profits through sheer luck. Keeping a track of all your trades, proper analysis of your own trading behavior will certainly help you eliminate the bad points and maximize your profit earning potential.

Be it military or business, following a disciplined course of action is the best way to achieve success. The above mentioned tips will save you a lot of time and money from learning forex trade through trial and error.

About the author: Luke Peters is an avid reader of books and other literature related to finance, forex and financial management and is the current contributor for several websites related to the respective niches. He is also an active trader on online forex trading platforms like and is well experienced in the art of forex trading.

Challenges Faced By Women Entrepreneurs

After the growth in woman empowerment in the late 20th century, it is a common sight to see more and more women coming out as entrepreneurs. During earlier times, business and commercial activities were strictly male dominated territories and it was only after the emergence of women after the Second World War that helped them gain a strong social footing and several women entrepreneurs like Oprah Winfrey and Coco Chanel showcased the power of women in business. Even though the number of women in the field of business and Entrepreneurship is growing at a steady rate, one cannot deny the fact that women entrepreneurs face some extra challenges. Here’s a list of some of the most common challenges face by women entrepreneurs.

1. Gender Discrimination

Although women entrepreneurs are rising in numbers, the number of males still overpowers them. It is quiet common for new women entrepreneurs to be intimidated by the male executives. Women also have a harder time at accumulating capital for their business ventures even though in reality they are less likely to default on their loans as compared to men. Studies also show that most men have a major lack of trust in women and the deal they are offering. Women also tend to have fewer personal assets as compared to men and generally need to procure additional funds as compared to men.
Women Entrepreneurs

2. Emotional Aspects

Females are known to be emotional creatures and no matter how hard they try to act like men, they often crack in tense situations. For men, owning and running a business is more about meeting the bottom line and taking decisions for the greater good of the organizations. Women can easily get emotionally attached to people and have a more relationship-building approach. While this benefits the organization to a certain level, it can also stand as an obstacle to important business decisions like lay-offs and cancellations of service agreements.

3. Result-Oriented Decision Making

The first and foremost quality of entrepreneurs is their ability to make profits and bear losses. Business requires an immensely stable temperament and the owner’s ability to guide the organization through a mixed bag of profits and losses. Studies show that women tend to be more result-oriented than men and are immensely afraid of failures. While this makes them do a lot better than men in several areas like academics, it limits their ability to take higher risks. Business is all about taking calculated risks in order to make large profits and create an iconic brand image. Compared to men, women are more scared of taking risks and often go for the tried and tested methods instead of trying something revolutionary.

4. Lack of Support from Other Females

It is an old saying that ‘women are their own worst enemies’. Several behavioral studies show that while men easily trust and support other males, females have a hard time getting along with other females of equal stature. Especially when there is a serious lack of female entrepreneurs, women often try to be liked by everyone around them and show an unnatural disdain if another female tries to stand up to them. Due to the low numbers, females often lack the support and camaraderie from female peers.

5. The Need For Balance Between Family And Business

Achieving a perfect work-life balance is one of the primary goals of entrepreneurs. This can be a troublesome situation for female entrepreneurs as they might have to deal with work and business simultaneously. It is extremely difficult to run a business while being a mother as one needs to allot unspecified amounts of time to both. Women are often associated with the house related tasks and often face trouble maintaining a work-life balance.

The above challenges are few of the major challenges that the women entrepreneurs face around the globe in the current business market. Despite of these challenges, statistics show a steady rise in the number of women entrepreneurs around the globe, thanks to the rising awareness and the defacement of social taboos through education and media. Additionally, several social and political reforms are also aimed at women empowerment.

About the author: Luke Peters is an avid reader of topics related to finance entrepreneurship and marketing and likes to stay up to date with the latest news in the market. He is also a content contributor for several finance related blogs and websites such as which is a Full Service Financial Marketing Agency.

How to Avoid Hidden Banking Fees

No one likes to pay bank fees; it really does feel as though it’s just wasted money to most people. There are ways you can avoid hidden bank fees and charges – banks are required to be transparent with their fees, and many banks like BOQ now offer fee-free transaction accounts like day2day that allows you to avoid fees entirely. You should always read the fine print to ensure the way the product works actually suits you and the way you earn – and spend – money. For example, some transaction accounts are only free if you maintain a minimum balance. Here are a few more bank fees you might not be aware of, and tips for avoiding them or reducing their impact.

ATM Fees

While your bank won’t charge you to use their ATMs, other banks will charge you for accessing your account through their ATM network. This is because you are not their customer. Is there a way to avoid this? Actually, there are a couple of things you can do. First, you can avoid using ATMs that belong to other banks. This may be difficult if your lender is an online bank with minimal branch or ATM presence. However, many online and smaller banks now offer access to your funds from other institutions’ ATMs, and you do not have to pay a fee. If your bank is one of those without many branches or ATMs, ask about deals like this, and also get their advice on how to avoid paying ATM fees in future.

How to Avoid Hidden Banking Fees
Cheque It Out

Do you have a chequing account? Do you need a chequing account? Of course, many small businesses have these accounts and do need them, using them for business transactions on a day-to-day basis. But cheques are one of the most expensive ways to move money around, and the slowest. If you do not really need your chequing account, consider getting rid of it altogether. Every cheque written attracts a fee; every cheque processed also attracts a fee. Talk to your bank – you may be surprised at just how much your chequebook is costing you. If you really do need and use your chequebook, see if you can minimise your use of it. Are there bills you can pay by credit card or Bpay? Can you have any incoming monies deposited directly into your accounts? At the very least, you’ll want to check out your options on this one.

Ask For A Break

Finally – talk to your bank. If you find you’re losing a little of your hard earned money every week or month via bank fees, head on in and front them about it. Ask them how you can pay less in bank fees and see what they have to say. You may find they waive a fee or two simply because you asked – it can’t hurt to try.

Bank fees are the bugbear of almost every banking customer, but you don’t have to wear all those costs all the time. Talking it out with your bank can make a difference, as can ensuring you’re not paying for account features you don’t really use or need.

Do you have any tried and true methods for avoiding hidden bank fees? If so, share your insights in the comments box below.

Is Your Forex Mentor Guiding You Properly?

“If you cannot see where you are going, ask someone who has been there before.” 

― J Loren Norris

Beginners in forex might as well conform to this adage without a shadow of doubt. The trade represents a combination of market education and personal skills and its only advisable that you are continuously guided by a mentor in your path of learning- be it in the form of an experienced trader around you or else through a training program or course. Go through this post in order to discover what exactly you should seek to learn from a forex mentor.

How should a forex tutorial help you?


Any forex tutorial will, at first, acquaint you with the basic forex terms, their meaning and their functions. Before you start learning about the ways of analyzing or speculating the market you should be completely aware of terms like, pips, spread, currency pair, spot, currency symbols(here is the complete forex glossary- Besides, you should be aware of the benefits and risks of the market, several tools involved, and the initial investment required. 

Is Your Forex Mentor Guiding You Properly?

Fundamental Training and Technical Training

As you become acquainted with the basic terms, the tutor should then proceed on the types of trading done and ways to analyze markets based on these trades. An ideal guide will advice you to combine the technical and fundamental forms of trading, so as to ensure that you can handle both of them if you wish to. You will be offered comparison charts to understand which type of analysis suits the market type under which conditions. 

Win Loss Ratio

One of the very noticeable characteristics of the forex market – is the claim that successful traders are actually winning 70% of the time. The industry simply pitches its educators or tutors to sell the idea that victorious traders are consistently registering a 70% success record in the trade. However, this kind of claim engenders many a trader out there to believe that it is very easy to maintain this type of win/loss ratio (i.e. 70:30). However, it’s not actually so. Though it is not impossible to achieve- it’s not easily gettable either! An ideal forex training program, thus, should steer clear of making this kind of claim indiscriminately, so as not foster a false sense of its easy attainability among traders. 

Simple Moving Average and Exponential Moving Average

Simple and Exponential Moving Averages are two of the crucial aspects of Forex. As a trader, you should have thorough guidance in this regard. You should be able to utilize the moving averages (for smoothing out price actions) by plotting them on charts. It will aid you in viewing long term and short term movements. The common chart indicators include:
  • Squeeze
  • Bollinger Bands
  • Bounce
The momentum indicators and the oscillators will help you streamline the use of these charts. 


Other aspects of forex education include Pivot Points, chart patterns, creation of your own trading system and trading plan and resistance levels. It will be a world of good for you if you are able to extract crucial tips on all these aspects from your personal online trading coach or an online tutorial. 

Selling Your Business Properly

Selling a company can make the current owner of that company rich. In many cases, a company is sold for two or more times the amount that it makes in a single year or two years. If your business made $1 million in the past year, it could be sold for as much as $2 million or $4 million if it is sold for double the amount of two year's worth of earnings.

Get Your Information Together

The first step to selling a company is to make sure that you have all the information needed to make a pitch to a buyer. This means that you need to have sales information, projected profit or loss for the year as well as information regarding all current debt that the new buyer would have to take on. In addition, information about any fixed assets that the company has should be revealed to potential buyers as this could increase the value of the business.
Selling Your Business Properly

Asset Deal or Stock Deal?

If your company is going to be purchased, it is a good idea to know how the deal is going to be structured. In the event that your company is going to be sold as a stock deal, you need to make sure that you are lowering your tax burden as much as possible. Typically, a long-term investment is taxed at no more than 15 percent if sold 12 months or longer after it is purchased.

Will You Stay on as an Employee?

Will you be offered a position within the company, and would you want to stay within the company if offered a position? It is not uncommon to see a former business owner accept a position as a top executive within the company because that person has knowledge or connections to the community that have value after the company is sold.

Be Patient During the Process

The sales process can take months or years depending on the complexity of it. Therefore, it is critical that you are patient throughout the process and take all steps to ensure that is completed correctly. Otherwise, there could be tax or regulatory issues that could kill the transaction.

High Risk Merchant Account Processing

A high risk merchant account is a needed item for every business that has been deemed too risky for a traditional processor to represent. The credit card processing technology that is offered by these companies allows small businesses to increase sales when their customers use credit cards and debit cards. The technology changes the way businesses operate, and the technology brings in customers who do not carry cash.

The Software

The software for merchant accounts can be installed on every computer or every workstation. The registers in the building can carry the credit card processing software, and the computers in the office can use the same technology. The software is compatible with all machines, and the business will not have to change its operating protocol.
High Risk Merchant Account Processing
The Hardware

The hardware that accompanies these accounts will make the checkout process faster. A terminal for processing credit cards can sit right next to a register so employees can swipe the cards quickly. The terminal communicates with the credit card company, but it uses the same software as the computers to sync information for accounting and inventory purposes.


This processing technology also works well online. The software can be used to allow customers to use credit cards to pay on a website. The payments pass through the system as if the customers were in the store, and the payments happen immediately as if they were made in the store.


The merchant account provider gives the business service for every unit and every terminal. The hardware in the building can be repaired, serviced or replaced at the request of the business owner, and the client will not have to go without their processing equipment.

High risk credit card processing makes it simple for businesses to offer credit and debit card options to their customers. The customers will see the sticker for credit card acceptance in the window, and they are more likely to enter the store as a result. A business that wants to increase sales needs to consider what they can do when they are offering new payment options to their customers.

More on Fibonacci Numbers

Most Forex traders are familiar with Fibonacci numbers and their use in Forex pricing. But Fibonacci is actually one of the most famous names in mathematics and his number sequences have been around for quite a while.
More on Fibonacci Numbers

So who is Fibonacci? While the name, Leonard Fibonacci, has been credited as the developer of this mathematical accomplishment, his real name was Leonardo Pisano. Leonardo Pisano was born late in the twelfth century in Pisa, Italy (Pisano in Italian indicated that he was from Pisa). His father was a merchant by the name of Guglielmo Bonaccio and it's because of this name that Leonardo Pisano became known as Fibonacci. When scholars centuries later were studying the hand written copies of Liber Abaci, published before printing was invented, they misinterpreted part of the title – "filius Bonacci" meaning "son of Bonaccio" – as his surname, and the name Fibonacci was born.
Fibonacci Numbers

The famous sequence – 0, 1, 1, 2, 3, 5, 8, 13, for which he has been immortalized was actually not what he set out to realize. Rather, he considered something else his greatest mathematical achievement, i.e. helping to popularize our modern number system in the Latin-speaking world.

The Roman numeral system  used by the Roman Empire was not displaced until the mid-13th Century AD, and Leonardo Pisano's book, Liber Abaci (which means "The Book of Calculations"), was one of the first Western books to describe their eventual replacement.


The impact of Fibonacci's book at the beginning of the spread of decimal numbers was a great mathematical feat. But Fibonacci is better remembered for a certain sequence of numbers that appeared as an example in Liber Abaci. And this began with an experiment involving rabbits and how fast they could breed. He took a newly-born pair of rabbits, one male, one female, and at the end of one month they mated.  Assuming the rabbits never died and that the female always produced one new pair (one male, one female) every month from the second month on, how many pairs would there be in one year?

And here’s how he got to his famous sequence:

At the end of the first month, they mate, but there was still only 1 pair.

At the end of the second month the female produced a new pair, so now there were 2 pairs of rabbits.

At the end of the third month, the original female produced a second pair, making 3 pairs in all.

By the end of the fourth month, the original female had produced yet another new pair and the female born two months before produced her first pair also, making a total of 5 pairs.

Now imagine that there are   pairs of rabbits after  months. The number of pairs in month n+1 will be  (in this problem, rabbits never die) plus the number of new pairs born. But new pairs are only born to pairs at least 1 month old, so there will be  new pairs. So we have  which is simply the rule for generating the Fibonacci numbers: add the last two to get the next. Following this through you'll find that after 12 months (or 1 year), there will be 233 pairs of rabbits.

Hence the famous mathematical sequence--0, 1, 1, 2, 3, 5, 8, 13,….and the Golden Rule which involves taking the ratio of two successive numbers in Fibonacci's series, dividing each by the number before it, and getting the following series of numbers:  1/1 = 1, 2/1 = 2, 3/2 = 1.5, 5/3 = 1.666..., 8/5 = 1.6, 13/8 = 1.625, 21/13 = 1.61538... Fibonacci’s  Golden Rule continues to be used in many spheres such as finance, biology, ecology and more.