Tips for Buying Gold Bullion without Being Ripped Off

With the ever-changing economy, so many people have begun investing in gold, especially physical gold, like gold bullion. This is because while stock market prices may crash, gold remains a reliable option for you to rely on in case of an emergency. However with physical gold, there is a greater chance of meeting scam artists so follow these tips when buying gold bullion to avoid being ripped off.

  • Make sure that the seller isn’t trying to sell you a counterfeit coin. Ask that the coin be weighed in front of you. Fake coins weigh less than genuine ones because they’re comprised of mainly iron or copper. Perform a few other tests to check for authenticity, such as the magnet test, where you place a small magnet above the bullion you’re interested in. If they attract to each other, you’ll know it’s a fake.  You can also try gently tapping the bullion with a non-abrasive metal and if it chimes or pings, it’s genuine bullion. However, if it makes a clunky noise, it’s a fake.
Buying Gold
  • Know what kind of coin you’re buying so you can spot a bait and switch. Bullion coins are worth purely their melt value, while historical coins are measured both by their melt value and how collectible they are.
  • Know the formula to figure out the current premium and spot price. The formula to calculate the premium includes subtracting the spot price from the quoted price and dividing it by the spot price. After that, multiply that number by 100 and you’ll have your premium percentage.  Aim to buy gold bullion no more than five to 10 percent over the current spot price.  The spot price changes to make sure you know what it is currently.
  • Buy your gold from a reputable gold dealer and only buy genuine Australian Gold bullion. Aim to find a site that carries genuine Swiss gold bullion, as well as newly popular silver and platinum bullion. Look for a company that lists up-to-date prices on their website and has local offices and investment professionals to assist you, as well as an accessible website if you choose to buy gold bullion online.  Check if they include a buy back policy, if for any reason you’re not satisfied. Most reliable ones do.
  • Research current prices often.  This protects you because you’ll be well-informed when shopping around, but you’ll also know current trends in case you do ever run into a financial emergency.
  • Avoid making stupid mistakes and instead make smart choices, like putting your bullion in a private depositary or even a locked safe at home. Many banks or dealers offer you unallocated storage, but you could get screwed with bank fees, or even extra insurance fees if something happens to the bank. In addition, sometimes offers of “free storage” can be misleading so you’re better looking for storage on your own.
You shouldn’t be scammed and feel overwhelmed just because you decided to invest in gold bullion. As long as you stay aware of the current trends, daily rates, and where you can purchase some gold reliably, you should be able to invest in this latest craze too.

Saving For A House? 4 Ways To Kickstarts Your Deposit Fund

Saving for a new home is one of the most challenging financial projects any of us ever undertake. And it only gets harder, the longer we stay out of the market. Renting costs about $2,000 a year more than paying a mortgage. And house prices are going up every year, making deposits even more expensive. So for many families, it’s a race against time to save for a deposit and get on the housing ladder.

High Interest Savings Account

One of the best places to put your money is into a high-interest savings account. In some countries, you’re not taxed on the interest you earn from money in your savings account. For instance, in the UK, Brits no longer pay 20 percent capital gains on savings in their ISAs below the £15,000 threshold. In other countries, like Australia, savings interest is still subject to tax. But it’s a still a much better way of building up money than keeping money in a current account.

Saving For A House

In Australia, savings accounts are overseen by the Australian Prudential Regulation Authority. So if you’re unsure about any savings account offers you see, check with them first.

Budget Cutting

If you’re a first home buyer in Sydney, it takes eight years to save for a 20 percent deposit on a medium sized house. That’s $200,000. In Melbourne, it’s 5.8 years. In Brisbane and Canberra, it’s 4.1 years.

These are obviously substantial sums of money. And so most families have to cut their spending back to the bone to afford a house. So what are families doing to save? First off, they’re cutting out unhealthy habits. A typical cigarette habit costs the average person about $2,600 per year. Over the course of 8 years, that’s $20,800, or about 10 percent of the deposit price. Second, they’re cutting back on meals eaten outside of the house. Meals outside of the house are most household’s biggest entertainment expense. And so cutting these out helps to control unnecessary bills. Food can be just as delicious if cooked in the home.

Saving For A House

Finally, we’re seeing a trend towards using smaller, more fuel-efficient cars. Gas-guzzling cars today are an unnecessary expense that can push back a house-buying date. Many people are now using apps like TrackMySPEND to find out where they’re going wrong.

Move Back Into Family Home

Today’s housing market is so distorted that practically nobody can afford a home without taking drastic action. One such measure is to go back into the family home temporarily. This provides so much needed relief from private rents. And it could save the average renter more than $11,000 per year.

But it’s not just rent where savings can be made. When everybody lives together, it also means lower average bills and other costs.

Cut Out Foreign Holidays

It’s not a good idea to cut holidays entirely out of your schedule. But staying at home and avoiding costly air fares is certainly a good way to reduce your expenses. Right now, the average family spend for a foreign holiday is hovering around $4000.

Dealing with Honest Car Dealers and How to Find Them

Before you start to look for a reputable dealer, whether it is to sell or buy your car, it is important to gain a little knowledge first. There is plenty of impartial and knowledgeable advice available online on websites such as the Australian Motoring website. You can learn tips such as how to spot a write-off, as well as tricks dealers use to make cars appear better than they are. The more knowledgeable you are, the less likely you are to get ripped off and be able to hold your own against any salesperson. 

Buying car

Find Out Your Cars Worth

Before you approach and dealers you will need to know what the value of your car is. You can do this easily online as many companies are offering free car valuations. The process is quick, and all you need to do is fill in a few details online, arrange a day, time and also a location for a visit, and a representative will come to visit you and value your car. They will also make you an offer on the spot, which you may decide is more than reasonable and accept it. Now you know your vehicle's worth, it is time to find a dealer. 

Research Online

Take a look at all of your local dealers online, and then look for reviews and comments online from previous customers. It is common for a mixed bag of reviews with every business, but you will be able to spot patterns and a consistent low standard of service with individual companies, just by reading the reviews. You will want to take all of the information that you find out on board, and use this to whittle down the amount of companies that you will talk to, to two or three. When you have made a decision which companies to talk to, it is time to pay them a visit. 

Speaking to the Dealers

When you go into the dealers, make out that you have no idea about cars and also what yours is worth, and get them talking. Do not give them too much information and instead of talking makes, models and money, get them to take you out to show you their available stock on the forecourt. Make sure that you play hardball and get the salesperson to work hard to gain your business. Remember, you already know a bit about the industry, as well as your car’s value, so you can see how honest and trustworthy each dealer is when you visit them. You will often find that a reputable dealer will offer you a very fair price for your car, and sometimes even above the book value if it is in good condition and you are prepared to purchase a brand new one from them.  

Remember to take your time and do not rush into an agreement. Remember you are the customer and if the salesperson wants your custom, see how hard they are willing to work for it. Without a bit of research and a few visits to showrooms, you will be driving around in your new car in no time at all!

Why You Should Evaluate Your Finances If You've Got An Incurable Illness

The one thing we would all love is to have the ability to lead a long and happy life. But, the sad truth is that's not always the case. Many people end up suffering from debilitating illnesses each year. And, in some cases, people have incurable illnesses.

Some conditions can make life hard for those suffering from them. One such example is Crohn's Disease. Of course, others suffer from things like cancer. In any event, it's important that one keeps their financial affairs in order.

Why You Should Evaluate Your Finances If You've Got An Incurable Illness

But, what is the best way of doing so? Well, there are a few things that you should consider for your financial future. Especially the futures of those closest to you. Here is what you need to know:

Power of Attorney

You might feel fine right now, but there may come a time where you won't. Before the time comes, it's important you get your financial affairs in order. When you're no longer able to manage your money, someone else must do so for you.

In most parts of the world, you can create a Power of Attorney. It's a legal document that gives a named person or people the right to manage your financial affairs. It's useful for taking care of things like bills, investments, and bank accounts.

You need a law firm to draft a Power of Attorney document for you. That way, everyone can ensure that it is legally-binding. Take a look at to see what one looks like.

Life Insurance

What happens when you're no longer in a position where you can work for a living? How will you pay for your monthly expenses? And how can you help to support your family on a financial level?

Most people assume that life insurance is a policy you take out that pays money when you die. But, many life insurance policies can also pay out if you get a terminal illness. In either case, it's an important way to secure your family's financial future.

Using an earlier example, let's say that you suffer from Crohn's Disease. You already know you have the condition. You might think that all insurance companies won't cover you. But, it might shock you to learn that's not the case at all!

Many firms can provide cover to Crohn's sufferers and those with other diseases. Take a look at, for example. You only have to do a quick Google search to find them.

For the small monthly cost of your premiums, life insurance is a worthwhile policy to take out. Especially if you've got a family in tow.


As your illness progresses, you will need more medical care. At this stage, it's crucial you put into place the right healthcare systems. You could, of course, save some money for your future medical costs. But, a more practical and cheaper method is to take out private medical insurance.

In some parts of the world, it's mandatory you take out such policies. But, even if that were not the case, it's still a good idea.

Final thoughts

As you can see, it’s crucial to take care of your financial future. Not just for yourself, but for your family’s benefit too.

9 Reasons Why You're Throwing Money Away In The Workplace

We go to work to make money, so you might be surprised that so many of us are actually wasting our cash while we’re there. What’s the point of doing all that hard work if you’re not going to take care of your finances properly? It’s very easy to throw away your earnings for needless reasons, whether you’re a regular employee or a business owner. Make sure you don’t end up in the following scenarios!

Throwing Money Away In The Workplace

Lunch Costs

Let’s start with an obvious one. Workers of all types are inclined to spend their lunch hours by purchasing food from the local canteen. If one isn’t available, they’ll probably go out and have lunch at a local restaurant or fast food joint. As a one-off treat, this is a good idea to bond with your colleagues and employees. However, when this becomes a daily occurrence, you’re wasting away your cash on an extreme level. By taking the time to come equipped with a readymade meal, you’ll be saving those all-important funds. Isn’t that more important in the long run?

Failing To Build A Rapport

An inability to build a rapport with both colleagues and employees is very detrimental to your success. In the case of an employee, it means they won’t get on with their fellow workers. This can lead to being generally disliked, disrupting the happy and productive atmosphere in the company. In most cases, this will lead to failing to be given opportunities such as promotion and team-related tasks. As a business owner and a boss, the lack of ability to gel with your employees is devastating. You need to have a good relationship with them and be respected by them if you hope to achieve success. 

Lack Of Financial Organisation

It makes sense that a lack of financial organisation will lead to a loss of funds. There are all sorts of ways that this can become an issue. Sometimes, it can come down to a lack of knowledge on the part of an employee. Understanding taxcodes, 0T, BR, and more is important to make sure you’re paying the right amount of tax. The same goes for businesses, who are legally obligated to make sure they get this process right. Ensuring staff get paid correctly and on time is also important, as is understanding the financial health of the company. We could write a whole article on financial organisation tips - it’s that important. 

Lack Of Financial Organisation


I dread to think how much money is being lost as a result of procrastination across the globe. The truth is, we’re surrounded by all sorts of distractions that cause procrastination to become a major issue. Facebook, YouTube and long discussions by the water cooler can all result in a lack of productivity. As an employee, your consistent procrastinating is holding you back from being the very best employee you can be. As a business owner, it’s halting your company’s progress and allowing it to fall behind the competition. 

Lacking Desire & Commitment

It’s simple: you lack the passion for performing at your highest level. Unfortunately, you need that desire factor in order to make the most of your opportunity. You won’t be able to convince the higher-ups that you’re deserving of financial rewards if your work is suffering. Similarly, you won’t be able to push your company to its limit if you’re aren't willing to put in the effort. A lack of desire and commitment is a dangerous warning sign that something is wrong. You either need to consider a different career entirely, or focus on getting your mindset back into the right place.

Allowing Others To Take Advantage

There are people out there that simply don’t know when to say “no”. They’ll be asked to do far too much work than their salary should command, but they’ll take it anyway. It’s important to understand how much work you should be doing, and how much you should be paid for it. One of the qualities of any good business owner is knowing how to get the most out of any situation. Simply accepting anything you’re given will develop a poor reputation that others will look to exploit. You need to get a thick skin. 

Law books

Not Keeping Track Of Holiday Allowance

This is another simple one. Your holiday allowance is allocated to you on a yearly basis in many cases. You have a certain amount of holiday time that you need to take. If you fail to keep a proper track of it, you’re going to lose out in one of two ways. Firstly, you might just lose the holiday altogether, meaning your relaxation time gets thrown out the window. Alternatively, you might have been allowed to claim the cash value of that holiday instead, but now you’ve left it too late. As an employer, failing to keep track of holiday allowance can lead to understaffed nightmares. You don’t want to fall into this trap.

Failing To Meet Legal Requirements

This one is almost solely on the responsibility of the employer. There’s a lot to think about as a business owner when it comes to the law. Failing to adhere to its standards could destroy your company in one fell swoop. It’s very important that you take the time to study every element of the law as it relates to your business. Failing to understand the ins and outs of health and safety, employee rights and more puts you in a dangerous position.

Quitting Your Job

You can’t argue with this one, can you?! If you quit your job on the spot, your income will dry up. It is generally frowned upon that anyone would quit their job without having a goal in mind. The reason for this is because it’s going to be difficult to obtain new employment. Now, you’re unemployed for no good reason, and that’s not always easy to explain in an interview. It is even argued, in some cases, that quitting instead of being fired is the worst option of the two. The reason for this is because you can still seek unemployment benefits if you get fired. 

Which reason do you think is the biggest culprit? Let us know in the comments.

Personal Financial Obligations You May Have to Deal With

There are so many personal financial obligations that you need to deal with in your life. Some of these are necessities, and others are things you may wish to take care of as a contingency. It’s vital to make sure you take control of your personal finances as much as possible. These are a few of the things you’re going to need to sort out yourself.

Private Pension

It’s never too soon to start thinking about your pension. Of course, you may well be entitled to a state pension, but it would also be good to come up with your own private pension as well. That way you are looked after and taken care of financially. The private pension will supplement your state pension, and give you a better retirement. So, it’s important that you get this sorted out as soon as you can.

Personal Financial Obligations


There will come a time in your life when you will need to think about getting onto the property ladder. And this means you need to consider getting a mortgage. There are a lot of different mortgage options available to you. And there are a lot of costs involved when you enter into a mortgage. So, you need to think about the right mortgage options for you. Try to make some savings as much as you can so you can afford a good mortgage rate. You need to think about how you can get the best possible mortgage. Meet with advisors to talk about your options so you can make the right decision. You need to get mortgage advice help from and use it to help you secure the right mortgage for you.


Everyone will have to deal with debt at some point in their lives. And the important thing to remember is to make sure you don't get into a spiral of debt. It’s important to make sure you take control of your debt and work on debt management. Consolidation is the best way forward, and you need to make sure you get this sorted as soon as you can. You need to figure out how to climb out of debt and get back into the black. Meet with debt management companies and come up with repayment options that will help you beat your debt problem.


These days investing has become a common and popular choice for people to make. We are all looking for more ways of supplementing out pensions. And that's why it’s important to make sure you have investments lined up. This is something that you need to work on as much as possible. Investments are a great way of generating extra income, and looking after your future. But, you need to make sure you choose the right investments. And a big part of this involves identifying what the best investments are. You also need to know what the dangers of investing are, and how you can make more sensible decisions.
Starting a Family

Starting a family is a big cost these days. You need to make sure you are prepared for what it entails to have a kid and start a family. You’re going to find the costs of living are much higher once you start a family. There are a lot of things involved in starting a family, and you need to be sure you can afford to do this. So many people choose to have kids and start a family when they aren't in a financial position to do so. And this is not advisable, so you need to make sure you are financially stable before making the decision to have kids.

Moving House

There are a lot of times in your life when you’re going to have to spend a lot of money. And one of the big ones is when it comes to moving house. This is a big step in anyone’s life, and you have to make sure you take charge of it. There are so many costs involved when it comes to moving house, and you need to be aware of what these are. It’s not just a case of actually buying the home though. There are so many other costs involved as well such as agency costs, conveyancing fees and moving expenses. You should sit down and come up with a list of all the costs you can expect to front when you move house.

Frugal Living

Everyone these days seems to be doing as much as they can to embrace frugal living. A greener way of life is more preferable to a lot of people. And, it’s important that you take measures to try to become a bit more eco-friendly. The benefits of frugal living are that it can save you a lot of money in the long term. It’s important, especially when you have a family, to make sure you are more frugal. You need to look for as many ways as possible to save money and improve your financial situation. And this is one of the most important parts of managing your money and making yourself more comfortable.


Insurance is something you need to think about in your life. There are a lot of different insurance premiums you might consider taking out in your life. Things like life insurance, health insurance, and, even car insurance. These all play a big role in your life and you need to make sure you deal with them. Choose the different types of insurance you want in your life for extra protection and security. You also need to make sure you choose the correct premium for each new. Check out insurance price comparison sites to make sure you can choose the right premium for your needs.

In your life, there are a lot of financial obligations to deal with. And you need to make sure you know what these are. Once you identify them, you can take steps to start making sure you deal with these obligations. There are a lot of things you’re going to need to think about, and a lot of financial decisions you’ll need to make. These are all important in your life, so you have to make sure you take charge of them.

Experienced Investors Recommend Purchasing Bullion

You’ve worked hard for years for your earnings, and worked even more to learn how to properly save and invest. It’s a common practice now for personal, rather than professional investing, to focus on long-term wealth and passive income. You know by now that all successes and failures in this field are subject to economic changes and global shifts. But have you ever really strategized how to avoid a situation that has struck so many others, in which all accumulated investments simply dissolve in an economic downturn? 

In order to really become an experienced and cautious investor, it’s essential to create a plan for the worst possible financial situations. National patterns of debt and worldwide political turmoil, on top of more gradual changes like currency devaluation, high inflation rates, and a decline in stock prices, can collectively create situations that are impossible to recover from unless you check out and think about ways to protect yourself, your family, and your assets. 

Keep in mind that investments in real estate, stocks, and cash deposits do not protect money’s value. One of the best ways to actually preserve value from fluctuations is to purchase bullion. 

Buying and holding precious metals enables families to preserve wealth for future generations. Individuals can buy the following in various forms:
The availability of different precious metals enables investors to diversify their portfolio. One advantage of owning hard assets such as gold and silver bullion from Guildhall Wealth Management is that these investments have zero counter-party risk. Holding precious metals protects one’s savings from losses in case of any number of fluctuations. These materials are excellent inflation hedges precisely because their value is essentially taken as a given, and because they are only limited deposits in mines all over the world, meaning that demand is guaranteed to increase over time. 

Since the gold standard was abandoned and national debts have started to cause crisis for foreign governments, officials have sometimes been forced to print more money to bail themselves and their banks out of trouble. Such policies, while sometimes necessary, greatly affect global currencies and deflate the value of everyone’s wealth. When you buy bullion from Guildhall, you are using a stable material as a good inflation hedge that will not only be easy to liquidate, but will also increase in value during such crises. 

The demand for gold and silver has been rising over the years, and investment experts consider silver to be quite an undervalued and affordable metal. It’s widely used in industries, especially in newer technologies and sciences, so countries acquire gold and silver to survive financial instability during risky times. Because we simply can’t do without it, silver is a great way to solidify your wealth, and when you do so, you can learn about how to secure your assets and store them safely so that, should you encounter a less prosperous time, you will have a safety net or extra boost to live the kind of life you want.

Investments Every Person Needs to Make

Everyone can make smart investments regardless of wealth status. In fact, it is one of the most important things one can do to ensure future financial stability. Investing can be a scary endeavor for a beginner; the possibility of loss makes some people leery.

Navigating the investment world doesn’t have to complicated nor scary. Whether retirement is close on the horizon or you are in your early 20s, there are multiple options for every financial situation. Before investing, everyone should determine their comfort level with losses. If you are comfortable with risk, there are even more options.

Life Insurance

Every single person needs to have a good life insurance policy. The money that one invests will be returned later. It’s a low risk investment because life insurance is regulated by the government.

Individual Retirement Arrangement (IRA)

An IRA is an account that investors can put away money each year up to $5,000. This is a wonderful option for younger people. There are two options: a traditional IRA and a Roth IRA. A financial advisor can help pick the right one for you.


One of the main differences between a 401(k) and an IRA is that the latter can grow tax free and penalty free once you reach the age of 59. This is because you deposit contributions with after-tax dollars.


When talking about an investment portfolio, most often the talk revolves around stocks. Stocks are a form of participation in a company’s growth. There are risk with stocks because investors aren’t given a promise of return when investing. However, it is these risk that often produce the highest returns. A diversified investment portfolio generally will contain at least five different stocks.

There are a variety of stocks, and this makes the stock market a scary place for beginners. Here are a few kinds of stocks you will encounter:

Preferred Stock: When you purchase preferred stock, you are placed above the common stock owners in a company. You will receive your dividend before other owners, even during bankruptcy.

Common Stock: Common stocks mean that you are part owner of the company. You are given voting powers within the company; the more stocks you own the more your vote will count.

Once you understand these differences, there are three different kind of stock classes.

Class A Stock: These are shares that you can buy, sell or hold at your leisure. This class is the most commonly traded.

Class B Stock: These aren’t publicly traded; they are generally held by workers from within the company. 
Class B can be sold off, but it’s common knowledge when insiders buy and sell.

Class C Stock: These can be publicly traded, but owners aren’t given voting rights. They often are viewed as less valuable.

Mutual Funds

Mutual funds are investments that pool money from different investors to increase their profits and buying power. One of the main benefits is the diversification of mutual funds. They spread their holdings across different investments.

For those who don’t have much knowledge about investment portfolios, mutual funds are managed by professionals. They understand the best risk to get a good trade-off. They are ideal for those who don’t have time to research and monitor assets. Also, these can be traded daily, just like stocks. 

A key to a solid investment portfolio is ensuring it is diversified. As a new investor, it’s best to start with investing in your company with a 401(k) up to their match. Otherwise, you are passing up free money. Once you have invested up to the match, it’s time to search elsewhere. You may decide not to have an IRA because you have a solid 401(k).

Investing in stocks is the most popular area. It can be complicated to manage, so finding a good financial advisor is key to managing your investments. Mutual funds are another solid option, especially if you find investing confusing. You can have a variety of all these, plus assets such as bonds. Don’t wait to invest; the best yields are from those who start investing early in life.

Bad Credit? How to Snap Out of It?

Did you recently experience being in a financial crisis? Did that crisis cause you to miss your credit card payment or an old loan or debt? If you just answered ‘yes’ to these questions, the next question that you yourself is “How do I recover?”

Bad Credit

Most of the time, ironic and hurtful as it may seem, the answer to financial recovery is getting a new loan. If you just missed payments for credit card or old debts, it is more likely that you will have a bad credit score. So you may ask: “How can I recover and get loans for bad credit?”

Search for a Truthful Lender

The primary step is to look for a trustworthy lender with a transparent loan process – no hidden fees, with low or not-so-high interest rates, and more important, one that is willing to look beyond your bad credit score (as having this makes you less appealing and more of a high risk investment for lenders). Lenders know how desperate people with poor credit history are thus some of them may take advantage of you.

Know the Ideal Loan for People with Poor Credit Score

It is also noteworthy to look for the right kind of loans for bad credit. You can consider getting a payday loan, but this may not be as helpful as you have to pay one-time – in your next payday. A personal loan is also appealing, but it is not likely to approve loans for people with awful credit. 

You may search for other kinds of loans, such as the secured loans. You can use your house and lot as collateral if it is not under mortgage and is already fully paid. However, the better option will be using your car as collateral as this offers less risk than your house and lot. This may also involve less complicated loan process and with shorter approval time.

Avoid Having Poor Credit Score Again

You should also think of and take the necessary steps to avoid having poor credit score again in the future.You should be able to pay on-time and in full, at all times, if possible. Consider changing your lifestyle a bit by being frugal and spending only on the essentials.  

These are only few of the many steps you can take to avoid bad credit and looking for loans for bad credit in the future.

4 Things to Avoid When Trading or Investing

When you first start to trade or invest in any market, there is going to be a bit of a learning curve involved. While some of that learning curve will be specific to the market itself, a lot of it is more general and involves learning what you should be doing so that you can make successful trades. Of course at the same time it is also important to learn what you should avoid too.

Avoid making emotional decisions

As a rule of thumb this should be at the top of your list. Emotional decisions are a huge problem for all traders and as much as you may be tempted to go with your gut – don’t.

Trading or Investing

In particular, when your trades aren’t working out any have depreciated in price it is important that you don’t hang on hoping that they will appreciate once again. Instead, stick to your initial analysis of the trade (and presumably the stop-loss order that you’d placed), bite the bullet, and get out of it.

Do not make impulsive trades without proper research

Did you just hear that gold was hot right now and feel compelled to immediately jump on board the bandwagon? Trading impulsively is a bad idea, and if you jump every time you hear something is hot – you’re going to be jumping a lot.

If you really feel that something you hear may be true – do the research. Find out more about the current market conditions, potential factors that could influence its price, and make an informed trade that is backed by proper research.

Stay away from get rich quick schemes

The only thing worse than impulsive or emotional trades are get rich quick schemes. Unfortunately these are all too common and often involve over the top claims that promise you will be a millionaire – practically overnight because of a ‘foolproof’ trading strategy, stock tip (which would be illegal, if true), and so on.

Assuming something sounds too good to be true – it probably is. Stick to that and you’ll probably be able to dodge all the get rich quick schemes that come your way and can focus on real methods of successfully trading.

Never stop learning

Sometimes after you’ve had a bit of success trading you may feel that you’ve learned enough and can simply rely on what you know. That isn’t the case however, and the most successful traders are the ones who keep learning – constantly.

While you may have found a way to be successful at trading in the current market climate – that will change. To be successful on a consistent basis you need to be staying ahead of the curve and the only way to do that is to never stop learning.

By making sure you avoid these four things, you’ll be a much better trader overall. All you need to do is head over to and decide on a market that you’d like to start to trade on. Considering you have so many options open to you – odds are you’ll be able to find one that you feel looks interesting.

5 ways to deal with financial emergency

Financial emergencies happen when we least expect it. There is no rhyme nor reason why these happen. The best that any person can do is to pay it and have it done and over with. For some people, they may have an emergency fund, or a slush fund for those times when money is needed. For others, they may have to depend on same day cash loans. Below are five ways to deal with financial emergency:

Credit Card Cash Advance

If you have a good financial standing with your credit card company, and you are sure that you can repay this immediately, then a cash advance is in order. Otherwise, this may turn out to be the most expensive option there is.

financial emergency

Sell or Pawn valuables

If you have some valuables like jewelry or some other rare expensive item you might want to consider selling them or pawning them. If you don't think that you will ever need the item, sell them and try to get the best offer, even if it might take longer for the transaction to occur. Otherwise, if you need immediate cash, you can pawn your valuables and redeem them when you are able to.

Immediate Loan

There are institutions which give same day cash loans or immediate loans. The terms and conditions might be different for each service or funds provider but the important part is that you get a loan processed quickly. You have to remember to pay back the loan immediately as well, as the interest rates can be costly when the loan takes too long to repay. When you search for reputable loan agencies, these services can also come under pay day loans.

Personal Loan from a bank

If you have a good standing with a bank, or you have an account with a bank, you can file for a loan with the deposit as collateral. This may take some time, however, but it only needs you to drop by the bank and give the manager a visit. Businesses usually make loans against their deposits on a regular basis.

Loan against your insurance

Life insurance builds up value over the years, and as part of the service, you can make a loan against the paid-up value of your life insurance. There may be no set date for payment, however, the unpaid amount will be deducted from the insurance payout when the time comes.

The above are just some of the ways to raise ready cash. Of course, these are dependent on your financial standing and your credit rating. If you are good are repaying loans, the better your chances at getting loans.

How to Get Personal Loans that Guaranteed Approval

Personal loans are useful when you need cash to fund your wedding or your travel with the whole family. It is easy to find loan companies that will let you borrow money but to look for the one that will guarantee approval is not – unless you know the tricks. The tips below will help you improve your chances of getting approved.  

Know which among the types of personal loans is more interesting to you?

Personal Loans
You must identify which loan you do find attractive or which one can help you with your needs. In this way, you can readily check your eligibility for the said loan. Likewise, remember that personal loans have two types: secured loans (like car title loans) and unsecured loans (like payday loans). Are you more comfortable with a lender asking for a collateral or with a loan firm charging higher interest rates? More often than not, unsecured loans present higher interest rates because the lenders that offer these types of loans allow you to borrow money without guarantee.

Look for the right financial institution for you.

Shop around for possible lenders in Vista, California. There are many loan companies existing in the area but you should find the one that is just right for you. Aside from knowing if you are qualified to apply for one of the loans, you should also study the payment terms, interest rates, and other conditions covered by the loans you are eyeing. Make comparison then choose the best for you.

Check your credit score for any inaccuracies.

Get your free annual credit reports from the reputable credit reporting companies and review each report for possible inaccuracies. If you find none and your credit score is high, then proceed with your because your chances of loan approval is high. Otherwise, make the necessary corrections the soonest possible time as these can be the reasons you have low credit score. Likewise, you must also take vital steps to improve your credit score like paying your bills on time and keeping low credit card balances.

Provide the loan company with factual data.

The application process for personal loans in Vista, California covers the verification of information given to them so expect them to make a few phone calls. Should they find discrepancy or inaccuracy in your data, including your employment, mortgages, and assets, they will immediately reject your application or delay the approval of your loan.

5 Things That Can Cause Personal Finance Problems

It’s important that everyone knows how to stay in control of their personal finances. However, there are certain things that can cause us a lot of trouble. To find out more, have a read of my piece on the main things that cause financial problems: 

Poor Investments

Anyone with a financial brain will tell you that investing is a positive thing to do. It’s a good idea to invest your money, instead of spending it on pointless things. With a good investment, you can end up earning more and more money. However, not every investment is good. Sometimes, we make poor investments and end up feeling the consequences. There are a few investments that make sense to make. For example, owning a few shares is a good idea. You don’t have to spend much money, and you may earn cash over time. Or, invest in gold, something that will always have value. Bad investments are ones that have a high element of risk involved. And, ones that require you to spend lots of money. A lot of people get put in tough financial situations because they invest in real estate. And, while property investments can be good, they’re not always guaranteed to work. Especially when you don’t know a lot about the market, and have very limited funds.

Personal Finance Problems

The problem with a bad investment is that it can cause you to lose a lot of money. You can go from being reasonably wealthy to having very little, and struggling to get by. And, when you’re struggling for money, it can be hard to recover from a poor investment. Personally, I think everyone should stick to simple and risk-free investments. Put your money in something that will slowly increase over time. There are plenty of stocks that are like this; they’re perfect for the average person. Don’t get persuaded to start buying and selling things like crazy to try and earn big money; you’re probably going to fail. If I had to give you one piece of advice, it would be to hire a financial advisor of sorts. Go to your bank and speak to someone about investing. They’ll help you make the right choices, and stop you from having personal finance problems.

Tax Issues

Tax is one of those things that we all hate, but almost everyone has to pay. When you start earning money, you automatically pay tax. If you’re working for a company, your wage will be taxed before it’s paid to you. So, already, you’re earning less than you would without tax. If you’re self-employed, then you have to file an income tax return. When you buy a car, you need to pay road tax. Buying a house means you might have to pay tax on it too. As you can see, there are so many things in our life that are taxed and cause us to pay extra money. The problem with this is that it can cause a huge strain on our personal finances. If you’re running low on money, an upcoming tax payment is the last thing that you need. 

And, to make matters worse, late tax repayments are penalized even more. If you miss a payment, you get charged extra, and this charge increases the longer you leave it. So, if you’re struggling for money, and can’t pay tax, you could end up in even deeper trouble. The main issue is with income tax for self-employed people. If you fail to file your tax return on time, then there will be serious issues. Plus, some people forget to save up money to pay for everything. When the payment date rolls around, you might not have enough in your bank to cover the costs. So, what do you do? You end up applying for a loan to help you pay on time. Or, you don’t pay and incur further charges. If you have to file an income tax return, then you should look for a tax service to help you get things organized. This will ensure you pay on time, and don’t get further issues. The bottom line is, tax issues can cause serious personal finance problems for everyone. You’ve got to stay on top of your payments, or things will go wrong.


Unemployment is arguably the biggest thing that can cause financial problems. Naturally, if you don’t have a job, then you’ve got no source of income. You can get income support from the government, but that won’t be a suitable way of living your life. Especially if you have a family, with bills to pay and mouths to feed. And, this is possibly even worse if you had a job but were made redundant. When you have a job, you’re used to getting your regular income. It shapes the way you live your life and dictates how much money you spend all the time. Take away that regular income, and you could be in trouble. You might find it hard to afford all the bills or keep living the way you were living. You’ll be put under a great deal of financial stress until you get yourself back into full-time employment. 

Obviously, the solution to unemployment is finding a job. But, it’s not as easy as it sounds. Most unemployed people want a job; they just can’t find one. If you were working but got made redundant, then I have some tips to help you while you look for work. My first piece of advice is to consider looking for part-time or freelance work. Just a little something to help you get regular income while you look for a proper job. My other piece of advice is to set up a savings account the moment you get a job. Deposit funds into this account, and you’ll have some financial security should you ever become unemployed. Also, I fully recommend you apply for income support from the government. Yes, it might not be much, but it will help you get by until you find a new job. If the support is there, you may as well take it. At the very least you should enquire about it. If you aren’t eligible, then there’s nothing you can do. As you can see, there are ways to help you deal with sudden unemployment. Follow those tips and your finances will be a lot more secure. There’s no doubting that being out of work is a top cause of financial problems. The sooner you find a new job, the better.

Lots Of Debt

When you’re talking about what causes financial stress, then debt is right up there. It’s shocking how many people are living their lives with lots of financial debt. The fact is, life is extremely expensive. So much so that we’re required to take out huge loans just to buy a house for our family to live in. That’s right; a mortgage loan is the biggest cause of debt in the country today. The second biggest is credit card debt. When you owe lots of money to someone, it becomes a huge burden on your life. You can’t go out and buy what you need to buy because you have this debt lingering in the back of your mind. And, it’s easy to start owing more money to different companies and institutions too. Think about college tuition fees; these have to be repaid too! 

The best advice I can give you is to make debt repayments your top financial priority. You want to pay everything back as soon as you can. Then, you lift that financial burden and can start living a more comfortable life. I also suggest you avoid getting into this tricky situation to begin with. Obviously, if you get a mortgage, then debt is unavoidable. However, you can avoid credit card debt and any other forms, by being shrewd with your money. For example, don’t overspend, and you won’t go over your credit limit.

Various Addictions

Yes, addiction can be the cause of many financial problems. If you’re addicted to something, you end up spending lots of money on it. We could be talking about drugs, alcohol, cigarettes; you name it. Everything costs money, and repeat purchases will soon add up. It’s no secret that addiction is a leading cause of bankruptcy

Furthermore, there is one addiction that I think is more costly than the rest. I’m talking, of course, about a gambling addiction. If you gamble, then you’re always at risk of losing lots of money. Even if you place one bet, you could lose a lot. Now, imagine taking that risk every day. You will lose a fortune. Gambling addicts end up with no money, no home, no car, and no family. If you feel like you have any of the addictions I’ve mentioned, then I beg you to seek help. Cure your addiction, and then find someone to help with your finances. 

I implore you to be wary of all the things mentioned in this piece. Any of these five issues can cause you financial distress. If you fall victim to one, follow my advice to get yourself back on track.

Do's and Don'ts of Selling Silver Bullions

One of the best ways to diversify your investment portfolio is to deal with silver bullions. By buying and selling them, not only are you investing in a currency that is next best to gold, you are also preserving your wealth. 

This is if you invest in them correctly. In this article, we won’t go on about the specifics yet as dealing with silver warrants several guides. Instead, we will only talk about selling silver and the things that you should and shouldn’t do in the process.

Selling Silver Bullions

So why is selling silver an investment? If you buy silver at a time that it is cheap and sell it during economic turmoil, you get more than what you paid for since its value tends to go up during these times.

To help you out is a guide on the do’s and don’ts of buying silver:

1. DO: Know the different forms of silver bars

Silver bars don’t only come as a bar, but they come at different forms and you can choose one depending on how popular and storage-friendly they are. One of the most common bars traded in the market is the bullion whose value can be determined based on the bar’s silver content.

It’s also available in different forms such round and triangle, but a wise investor will go for shapes that are easy to handle and store. If your silver bar is a bullion, then yours is likely to be sold easily. If not, you can always search for other willing dealers who will buy. Remember that whatever shape or form it is, your silver still has value, so don’t give up in finding the right dealer just yet.

2. DON’T: Sell your art silver bar for the standard price

Silver bars with fancy images and historical marks are called art bars and they often have more value than your standard silver bar. It can be considered a collectible due to its beauty and appeal. So you may want to approach dealers that are also into accepting collector items.

3. DO: Learn the different silver bar sizes

The value of a silver bar depends on its size. Smaller bars often have a higher premium placed on them as a result of fabrication costs. So if your bar is a smaller one, know that the value output you get per troy ounce is going to be a little higher.

Dealers like accepts all size and shapes of silver and gold. If you end up with a dealer as established as they are, you shouldn’t have any problem with selling your silver bullion no matter what size it is.

4. DON’T: Forget to know the difference between a generic and a branded silver bar

Silver bars will have a consistent purity in them which gives them the same value per ounce but its value could change depending on which brand it was made by. This means that the difference in a company’s reputation and manner of manufacturing can affect the value of your silver. 

Take the time to research each brand before you sell your silver bullion to Melbourne’s best buyers. If it’s from a highly reputable one, then there’s a chance your silver has more value beyond its ounce cost. 

Keep these dos and don’ts in mind and you should be able make a better decision when dealing with silver. 

Do you have tips you want to share with our readers? Let us know in the comments.