Bad Money Habits to Break Before Hitting 30

As children began to grow up, they start to have responsibilities placed on their shoulders. More often than not, these responsibilities include bills (i.e. car payments, rent, loan payments). Because of this sudden change in responsibility, children must grow into young adults and learn how to manage their money more wisely than before. To help them learn to manage their money, below are several financial tips for young adults under the age of 30.

Money Tips for Young Adults

  • Discover what you want to do in the future. This might seem easy at first, but kids coming out of high school might struggle a bit with discovering where their passions lie. When kids graduate and simply settle into a job, they may become uneasy and inefficient. No boss or business owner wants their employees too lazy. It is better to search within themselves and discover what it is they wish to do in the future before graduating high school or college, if necessary.
Bad Money Habits
  • Learn that money is valuable. Money is not the source of happiness, but money can keep your life comfortable and less worrisome. It is better to save money than continue to spend throughout the young adult years. Older adults have found that they wished they had saved while they were younger instead of squandering their money on useless things. gives a few examples of saving as a young adult. Sometimes it is necessary to spend money on things that are required for a job or college class, but it is not wise to blow all of the money earned. Savings accounts can become extremely beneficial to the young adult.
  • Realize that bad things do happen. Humans cannot control the things that happen to them. A car will break down at the most inopportune time. A child will get sick when funds are low. Someone will get laid off, making money tight for the month or even several months. This particular point goes back to saving. By saving money earned in the younger years, an older adult will be more likely to have the necessary funds needed when something unexpected happens. It happens to everyone.
  • Learn how income taxes work. gives several examples of the importance of understanding taxes. By understanding taxes, young adults will learn why their money is being taken out, and they will be able to figure what their take-home pay will be. This is crucial to budgeting.
  • Learn to budget. It can be hard to look through the bank account at the end of the month and be shocked at the lack of funds. Where did the money go? By knowing where the young adults' paychecks go, it is easier to figure out where the money is being spent. The easiest way to understand this is by starting a budget. Luckily, budgeting can also help young adults save their money.

It is common to see a young adult struggling for money. After spending for college or job necessities, it is easy to squander the rest away for personal gain or fun; however, this can become a bad thing when money begins to get tight. For example, someone might become extremely sick, or the car might break down. These two things would cause tight finances. Losing a job is another of the horrible things that happen to young adults every day, and the loss of income can put stress on the young adult who is now financially aware. There is good news for young adults seeking a change.

It is not required to have a degree in finances to understand the financial state of a young adult. By using these money tips, young adults can take control of their finances at a young age. It might seem tiresome to a young adult, but taking control of their finances can be beneficial to their future. Not only could it help prevent going too deeply into debt, but it can help keep the stress of financial problems at bay. Saving, learning about taxes, and budgeting are only a few of the wonderful tools that young adults can use to increase their financial awareness.

5 Ways To Set Yourself Up For Retirement In Your 20s

The sooner you start planning for your retirement, the more you will be able to take advantage of compound interest. Your 20s are a great time to start figuring you your different investment strategies when it comes to your retirement. It can be hard to get into retirement planning in your 20s if you have no prior experience saving or investing. However, once you start researching the different methods of retirement planning, you will have a new found confidence in your financial future. Setting yourself up for retirement in your 20s is a great way to get the ball rolling early and start your journey to retirement on the right foot. 

Automate your retirement planning 

When you are trying to save your money for retirement, it can be difficult to always be disciplined with your money. For the first time in your life, you now have a substantial income which is very enticing. Buying new cars and taking vacations can seem like a fun thing to do, but it leaves very little money left at the end of the year for savings. It is important to put your saving on autopilot if you want to make a big different in your financial future. 

Retirement In Your 20s

Contacting the payroll department of the company you work for is a great place to start. The professionals working in the payroll department will be more than willing to walk you through the steps of auto deposits. You can decide what portion of your check every month is going to go into retirement planning. This makes saving for retirement so much easier. Every month the money will be taken out of your paycheck without you even knowing. This will force you to live on a smaller budget and make the appropriate lifestyle changes that you need in order to start planning for your retirement. 

Maximize your earnings 

Finding the best paying job for your skill set early on is going to make a big difference. If you start at the age of 25, an extra $5,000 a year ends up being an extra $634,000 in earnings over your lifetime. These extra earnings alone will be very beneficial to the future of your savings. When you are looking for that raise, make sure that you are asking your employer at the right time. Don't wait until it is time for a review to ask for a raise. Take advantage of opportunities when you have recently completed a project or otherwise excelled in your position. 

It is important for you to make the most out of your skills. Branding yourself in your industry is going to be crucial to earning the amount of money that will help you save for retirement. Using social media to accentuate your career highlights is a very wise thing to do. Linkedin is the social media network of choice for professionals today. Having an impressive profile on Linkedin will raise your value and help employers see your worth as a member of their organization. 

Seek investment help from financial professionals 

Making advanced investing decisions for your retirement can be a very difficult thing to do. When you are spending most of your time working on your career in an industry that is far removed from finance, you may lack the skills needed to properly plan for your future. This is why it is important to seek out a financial adviser who specializes in retirement planning. These professionals have years of experience helping individuals plan for their financial futures. 

Picking the right financial planner is a very important and tricky thing to do. There are far too many stories in the news of financial planners who were not diligent with their client's investments and ended up making poor financial decisions in the long run. It is important to meet with many different financial professionals before deciding which adviser is going to be the right fit for you. Don't rush when you are choosing an adviser as this is going to be one of the most important decisions for your financial future. 

Create great saving habits 

Learning how to save is something that doesn't happen overnight. Most of us have learned from our parents or friends how to spend. We have never had many great role models who have taught us how to save. However, there is no time like the present to start learning how to save. Start finding many different opportunities to save. When you save small amounts of money on a regular basis, you will find that habits start to form. You will quickly realize that there are many of your old spending habits that just don't make sense anymore. Eating out, going on random road trips, buying the latest electronics, and going on shopping sprees at the mall will all seem like irresponsible things to do financially once you start living with a saving mindset. 

New habits take time to build. Don't feel discouraged if you are having trouble saving early on. The more you save, the easier it will become. You will start to see your savings build and this will motivate you to keep on your pathway to financial greatness. 

Look for investment options with low fees and employers with great benefits

Planning for your retirement can be a costly thing to do. Financial professionals have to make a living just like anyone else. While this is true, you want to avoid investing in funds that will eat up your gains with fees. These fees can really cut into the interest that would help your portfolio grow over the years. 

It is important to do your research when looking for different investment options in order to avoid these fees. If your employer offers retirement matching, take advantage of this. This can all but eliminate the fees that you would have to otherwise deal with. Retirement matching is one of the most useful things in the investment world. When searching for your ideal work situation, finding a company that will match your retirement spending should be a key issue to take into consideration.

Is Life Insurance a Good Investments Option?

Life insurance is not an investment so much so as it is a replacement plan. It is a simple concept that when a person passes away, his or her family is not affected financially. Also, the term insurance in “Life Insurance” is a little misleading as one is not insuring anything, no one can keep a person from dying.

A few investments in during the lifetime will result in a beneficiary getting a stipulated sum after the death of the policyholder. The survivor benefit is given when the policy term comes to an end, and since the term is often long, this is unlikely. More often than not, life insurance plans, term insurance is seen as a bad investment due to its abstract nature. 

Life Insurance

But, it is advised by every financial expert to invest in at least one such plan.


There are different types of life insurance plans, term insurance or such policies. The insurance holder gets death benefits after a said amount of time. If he/she were to face an untimely death, the financial situation of the beneficiaries will be taken care of by the company. 

You are asked to pick a nominee or nominees when you buy life insurance. Usually, they are the nearest family members or spouse, and they get the benefit from the company. 

Life insurance plans, term insurance is usually flexible allowing the person to decide if the benefits are to be given in lump sum or as a monthly amount. There are many choices when it comes to insurance and you can select one of the best term insurance for yourself.

Features of Life Insurance Plans, Term Insurance

Each insurance company has different plans and policies and so features vary. You can always do a term insurance comparison to find the life insurance, term insurance that fits your needs. 

But some core features persist among all plans like tax saving investments benefits and death benefits. The survival benefits maturity age which can be anywhere between 65-70 years. Plan choice is another feature that lets the insurance holder choose based in single or joint life insurance. 
Term insurance policies provide a lot of flexibility which is needed given the nature of the insurance. 


Every Indian citizen can buy an insurance policy from the various government and private insurance companies. Even a minor’s life can be insured by parents or guardians.

The Various Benefits
  • A lump sum amount in an event of sudden death
  • Life insurance plans, term insurance facilitates Provisions for the family that they continue to live without financial difficulties
  • Takes care of the family members and other beneficiaries in case of sickness or illness
  • SBI term insurance also has seamless online feature to make it even less painful to claim the amount
  • Lump sum amount is given if diagnosed with critical illness
  • Additional amount if faced with sudden death
How to Decide the Plan Which Fits the Needs

How can one be sure that this is the best insurance plan 2016? The company’s reliability is one of the key factors when it comes to deciding which life insurance, term insurance to get. 

Also, check what types of scenarios are covered in the plan, for example, term insurance ICICI covers critical illnesses like cancer. 

Then the expenses that are the premiums are a major factor in deciding what plan to buy as one must take into consideration the amount spent over the years to be insured. Tem insurance premium calculators are available to calculate and plan the policy before one buys it.

Documents Needed

While applying for a Life Insurance policy, you will need various documents handy. Some of those are PAN card, birth certificate and address proof.

It is best to consult an agent who can guide you well.

The Question Should What to Buy 

Do not see the premium amount as a hindrance in your personal budget. In the long run, it is always a good idea to know that when you are gone your kids won’t have to struggle financially

There are many plans out there each one is slightly different and has some benefits that the other will not have. While studying the plan you are buying, keep a checklist of the features you require. 

The importance of Life insurance plans, term insurance is not appreciated enough. It is an investment that provides fixed returns when needed.

Tips That Will Instantly Cut Down Your Bike Insurance Premium

The convenience offered by a bike in India is unparalleled. Riding a bike is always preferred over other modes of transport. That’s because a bike offers a great advantage in terms of navigating through city traffic along with reduced travel costs. 

Also, with the rising cost of living and inflation, people prefer a bike or a two wheeler for their traveling, both, short as well as long commutes. Thus it’s no surprise to see bike manufacturers offering a lot of bikes in the commuter segment that offer great fuel economy and value for money.  In such scenarios, buying insurance for your bike is perceived as an unnecessary expenditure and is frowned upon. However, insurance is very crucial for your bike, especially considering your safety and the fact that we are legally obliged to have our bikes insured. 

Bike Insurance

Now that that the need for a bike insurance policy is firmly established, let’s check out some ways to reduce the bike insurance premium. Too good to be true? Read on to find out more-

Choose the right bike

Saving your bike insurance premium begins with getting your basics right. Choosing a right bike taking into consideration your budget and the amount of traveling you would be doing can help you save your money. If you buy a bike that is doing well in the market and popular, you can get a competitive premium from the insurance providers. This is because the chances of repairs and other maintenance costs are low for such bikes.

Aim for a No Claim Bonus

You can avail a no claim bonus during renewal when you don’t file a claim during the policy period. This will cut down your bike insurance premium significantly as most insurance providers offer good NCB discounts. Thus, ensure that you don’t file claims for minor incidents like scratches or minor dents. 

Buy Online!

It’s always a good idea to buy bike insurance online. You get good discounts and a host of other benefits.

Secure your bike

Ensuring that your bike is secure against theft and accidental damage will fetch you low premium amount. This is because the possibility of claims is significantly reduced. 

Opt for Voluntary Deductible

The voluntary deductible is the amount that you would need to shell out during claim settlement. If your voluntary deductible increases, the bike insurance premium goes down and vice versa. However, it is important that you strike a right balance among the two, taking your needs into consideration.

Ask for discounts

If you ask for discounts to your insurance agent at the time of buying, chances are high that you will get one. This is because of the rising competition in the industry.

To conclude with, here are some more quick tips:
  • Don’t modify your bike
  • Ensure a clean driving record
  • Join a Biker’s association
  • Don’t purchase imported bikes

Top 3 Personal Finance Tips That Will Change the Way You Think About Money

If coupon-clipping and monthly budgets aren’t working out for you, it might be time to consider a new approach to personal finance. In fact, you may want to try changing the entire way you think about money. Obviously that’s no walk in the park, but here are 3 tips to get you started.

1. Treat Debt Like a Disease

Let’s get this straight immediately: debt should never be something you “carry” with you while you go about your way, living a normal life. If you have debt – especially if it’s the worst kind: credit card debt – then you should act as if you’ve contracted a disease.

Personal Finance Tips

Seriously: debt will drag you down and sap the life out of you, just like a disease. Fix it fast, even if it means everything else gets put on hold temporarily. When you get the flu, you stay home to heal yourself, right? Work will just have to wait. Same with “healing” yourself from debt. Drop all extra purchases beyond food and shelter until it’s gone and you’re healthy once again.

Don’t live with it, don’t budget for it- just get rid of it by any means possible, even if it’s extreme frugality.  You’ll be so much stronger when you emerge, all debt-free and ready to take on the world.

2. Treat Purchases Like Injuries

Every time you cave into the desire to treat yourself, you’re hurting your chances at improving your financial life. In that way, every purchase is an injury. But you love your TJMaxx excursions and your daily latte. And surely nobody expects you tolerate an old phone or a small TV, right? Wrong!

If you have any financial goals at all, every purchase you make sets you back a few steps from achieving those goals. Of course you have to spend money sometimes, but try and train your brain to distinguish between necessary spending and everything else.

3. View Credit Cards as Passports to Hell

That may sound a little extreme, but that may be what it takes to shock you into seeing credit cards for what they truly are for most people: one-way tickets to financial ruin.

Most people you know probably think nothing of taking on debt to finance some of life’s major events. These events are one-time occurrences like kitchen renovations, weddings, or big moves across the country when you have to relocate. No problem- that’s what credit cards are for, right?

Again: wrong. When you think nothing of taking on credit card debt, you will never attain the level of wealth you want. Even on a smaller scale, credit card debt will always stand between you and a life of wealth and security.

That’s because there’s always something we want to buy. With credit cards there to make bloated spending possible, you’ll never reach your financial goals unless you declare your cards off-limits for anything other than the bare essentials. Unless you can train yourself to use your credit cards for only what’s absolutely necessary, always paying off the balance each month, then you’re better off without them.

Where It’s At: Behavior, Mindset, and Perspective

As you can see, all 3 of these tips are aimed at changing your behavior when it comes to money. But what’s truly at stake here is your mindset. If you can change the way you view debt, purchases, and credit cards, then you should soon see many of your smaller financial goals falling neatly into place. Good luck!

About the Author: Michelle Custodio is a digital marketing specialist currently working for - a sound financial partner that can guide you to become successful DOW and FTSE traders. You may reach her through Linkedin.

Top Buy-To-Let Mortgage Deals

Mortgage rates are still at historic lows, making it a great time to grab a deal and invest in buy-to-let. To help you find the right deal for you, we’ve asked seasoned landlord and property guru, Richard Blanco, for his advice on the best buy-to-let mortgage deals:

“Buy to let rates continue to be at a historical low.  At 60% loan to value, Virgin Money are offering a 2 year fix at 1.59%.  At 65% loan to value, The Mortgage Works has a 2 year fix at 1.84% and their 75% loan to value products are also best buys with rates of 2.09% for a 2 year tracker and 2.64% for a 5 year fix.  All of these products have a £1995 fee which is common now for the lowest rates. 

Mortgage Deals

The Mortgage Works does not set a minimum income level but Virgin Money requires income of at least £25,000.  All buy to let mortgages are assessed according to the rental income generated by the property and you will need a high credit score. Note that we are seeing a restructuring in criteria since Bank of England regulation of mortgages began on 1 January 2017. Lenders must now use a stress test rate of 5.5% unless the product is a 5 year fix.  Some lenders are also applying 145% mortgage coverage.  So that means that the mortgage will be assessed not at these low pay rates of 1.59% etc.  Instead the borrower will have to show the rent covers 145% of the mortgage payment at a rate of 5.5%.  Fortunately some lenders are still using the 125% calculation, but be aware that this may now depend on your tax status.  This is because lenders have to be mindful that after 6 April 2017, mortgage interest will no longer be fully set against tax and therefore landlords paying 40% tax rates will have higher costs.

For landlords considering buying through a limited company, mortgage rates have come down a little.  Norwich & Peterborough offer a tracker rate of 3.24% at 75% loan to value with a 1.25% fee.  Anybody thinking of buying through a limited company instead of personally should consider whether paying a rate of 3.24% instead of 2.09% is cost effective.  It may make more sense to buy the property personally and just pay a higher tax bill.

Most commentators think that Bank of England interest rates will be stable for at least a year and when they start to rise will do so only gradually, so personally I see no reason to be anxious about the future direction of rates in the immediate future.  Ultra-cautious investors can of course opt for 5 year fixed rates, some may be forced to because of the new criteria brought in as a result of Bank of England regulation - and 5 year fixes are indeed at a historical low.  I tend to stick to cheaper 2 year products – but you should always get independent financial advice.”

If you’re thinking of investing in property in London, or renting out your property, try Airbnb management London, Portico Host.

Smart Tips to Improve Your Skills of Money Management

It takes time to learn the skills of managing money but once you get to know it and master it, it can really pay off in the near future. Not only will it let you stay on top of your bills but also save an extra dollar which you can use later on to pay off debts. Even if you don’t use them for paying off delinquent accounts, you can use them towards your pension or spend them on your next vacation. Whichever way it is, you should know some of the top tips to manage your money and spend them in a manner which doesn’t force you to go broke in the long term. We share a few money management tips with you so that you can use them in your daily life.

Money Management

Setting up a frugal budget

The foremost step to take control of your finances is by preparing a budget and sticking to it. Here are few good steps to get a quick snapshot of how much money is coming in and how much is going out. When you formulate a budget, this means you’re:
  • Less probable to end up in accumulating debt
  • Less likely to accrue any kind of unpredicted expenses
  • More likely to obtain a flawless credit rating
  • More likely to be loved by all lenders and given loans at favorable rates
  • Capable of spotting the places where you can make some savings

In order to get your budget started, you have to work out how much amount you can spend on your living costs, household bills, fiscal products, travel expenses, holiday costs and in buying presents for your friends and family.

Get your budget back on the right track in case you overdo it

If you think you’re spending more amount than what is coming in, you have to sit down and work out where you can cut back on your expenses. This could possibly be an effortless task like preparing lunch at home. You also require keeping a spending diary and maintaining a note of everything that you purchase in a month. If you’re someone who spends maximum amount on credit or debit card, you should maintain your receipts to keep a track of where your money is going.

Trimming down on your mortgage and household bills

For many, household bills form a large chunk of money which you’re spending but there’s good news for such people as there are easy ways in which you can cut down on your household costs. If you shop around for a mortgage loan among many lenders, you can grab the lowest and the best competitive rate and save money. Similarly, if you can grab some worthy discounts while shopping for household items, there too you can save your dollars

Pay off your credit card bills as soon as possible

In case you have loans or you owe hefty amounts on your credit cards, it makes sense to repay debt which charges the highest interest rate. Store cards usually carry outrageously high rates and hence should be taken care of first. If you also owe cash advance loans from payday loans rock hill SC, they should be repaid on time to avoid debt. It is vital to know that you shouldn’t break the terms and conditions of the agreements with the credit card companies.

Therefore, if you wish to manage your money and stay on top of your finances follow the above mentioned points and keep a tab on your expenses. 

Do the Credit Card Offers You Receive Reflect Your Personality?

As competition increases, card companies use technically developed and unique ways to attract new customers.  A commonly used technique is to send emails to prospective customers detailing the latest card-related offers.

Recently, MIT economists studied over a million of credit card mailings and revealed some interesting facts. They analyzed the offers in the emails sent to prospective customers and studied the education and income of the various recipients.

Credit Card Offers

Here are two important findings of this analysis:

1.Offers received by high-income individuals

Most credit card companies send emails to affluent people offering mileage, reward points, and cash back offers. Such cards cater to the educated and wealthy customers. Individuals in this demographic category often spend more on their cards. Furthermore, they are more likely to travel frequently and appreciate earning mileage on their cards. Such products also include other attractive features to solicit new customers. Although these cards may levy a higher rate of interest, the late payment fees are lower than other financial products. This is because card companies prefer to earn more profits through higher usage instead of levying more fees for occasional late payments.

2.Offers received by  low-income individuals

Credit card offers for this category primarily focus on providing lower annual percentage rate (APR) during the introductory period. However, the cards often incur higher late payment fees and penalty finance charges in the case of delay in bill payment. Moreover, the regular APR at the end of the introductory period is higher because the users in this category have lower credit.

Card companies earn profits in three ways. They collect merchant fees when users swipe their cards for purchases. In addition, the companies earn interest on the balance. Lastly, they levy finance charges and late payment fees in case of delays or if the users exceed their available card limit.

Some unscrupulous card companies may try to take advantage of customers who do not fully understand rates of interest and penalties. The companies may offer lower introductory APR and earn more when the card users are unable to follow the terms and conditions. However, this may be possible only when the users do not have sound financial knowledge.

Fortunately, most people today are knowledgeable and ensure their finances are managed properly. Furthermore, card companies face strong competition and offer simple products with no hidden terms and conditions or fees and charges. Moreover, cardholders may easily move to another card service provider if they face any trouble with their existing company. This prevents card companies from making offers that may turn the users away from their products.

Since card companies offer products catered to people based on their demographic profile it is important that individuals spend some time in conducting extensive research. There are several online blogs, forums, and other resources providing beneficial information to prospective card users. Reading this information and understanding how credit cards work before applying for one is highly advisable. Most individuals want to maximize the benefits through the best offers on their cards. However, they must nor rush into their decision and take the time to research all the options that are available.

Make It Count: Cash-Flow Investments That Are Worth Making Today

Good personal finance is more than just about managing expenses. Sure, you can take active steps towards optimizing your expenses and saving more. You can also eliminate unnecessary expenses and boost the amount of money you can save every month. But saving money is just one half of the equation.

The next half is investing. You want your money to do all the hard work and making healthy returns on a regular basis. There are a number of things you can do to invest, but in this part we are going to focus on the cash-flow investments that are worth making today.

Invest in a Business

Nothing feels better than having a healthy cash flow. You don’t have to worry about timing your expenses or not having enough money to pay your bills when your cash flow is healthy. Aside from a regular salary, one of the best ways to generate cash flow is by investing in a business.

Retail businesses tend to work best for generating a healthy cash flow. Focus on fast-moving items that consumers regularly use and you will be able to grow the business steadily. Once you reach a certain point, you can even choose to leave your job and run the business full-time.

Cash-Flow Investments

Other business opportunities work for this purpose, too. Restaurants, coffee shops and online businesses can be equally profitable. The latter even allows you to start your own business without worrying about large overhead costs and huge initial investments.

Try to find a niche or a market segment that you can fill. If you’re thinking about opening a coffee shop, for example, you can tweak the concept so that the shop also acts as a co-working space and a virtual office. By doing so you’re simply adding more sources of regular income to the business.

Invest in Education

Another great way to strengthen your cash flow is by increasing your income. There is no better time to pursue a promotion than today, since companies are growing with the market and new jobs are being created by the day. There are a lot of management-level jobs available too.

If you want to give your career a push forward, consider investing in education. Thanks to the wonders of the internet and top names such as Rutgers University making their online courses more accessible, it is now easy to pursue a master of science or a masters in business administration degree online.

The AACSB online MBA program is a good example of how online education can help boost your career. The course can be completed in as little as 12 months and you will get an accredited degree at the end of the program.

Invest in Buy-to-Let Properties

Lastly, we have the property market. If you have accumulated enough savings, an investment in the property market is actually a lucrative opportunity to explore. Invest in properties that you can rent out to tenants and you will have steady streams of cash flow in an instant.

We now have great buy-to-let mortgage loans and other financing options on the market. There are also still a lot of properties being sold at bargain prices. Be smart with your property investments and you will soon be able to invest in more properties just from the income you’re making in this sector.

All of these investment opportunities are great sources of cash flow for your estate. The more investments you make, the stronger your personal finance will be and the more you will be able to invest in the future. 

Beginner Trader: Things to Sidestep when Learning to Invest on the Global Financial Markets

“Let’s start at the very beginning, a very good place to start.” – Rodgers & Hammerstein

Every one of us has to start at the beginning whenever we need to master a new skill. It is not a weakness. It is a fact of life. The same goes for learning how to invest in the global financial markets? Everyone has to start somewhere and, I believe, it’s a good idea to learn from other people’s mistakes. In this way, we bend the learning curve more in our own interest.  

Definitions: Investing and Global Financial Markets

It is important to have a clear understanding of the terminology for the topic that we are discussing. For example, how can we discuss investing in the global financial markets when we don’t even know what these terms mean? 

According to Investopedia, "Investing is the act of committing money or capital to an endeavour… with the expectation of obtaining an additional income or profit. Investing also can include the amount of time you put into the study of a prospective company, especially since time is money.”


A financial market, on the other hand, is ‘’a market in which people trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds, and commodities include precious metals or agricultural products’’. The term "market" is sometimes used for what are more strictly exchanges, organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange. Thus, global financial markets refer to all of the financial markets, or stock exchanges situated around the world. 

Please note,  “trading” and “investing” are synonymous in this context. 

Online trading instruments and brokers

There are many different ways to trade/invest in the global financial markets. Some of the more popular ways include: Forex trading, options trading, the buying and selling of shares, and CFDs (Contracts for Difference). 

There are also a large number of online trading brokerages available for you to sign up with and each broker offers one or more of the aforementioned trading instruments. It's important to partner with a reputable firm that provides adequate online tools. Stern binary options trading is a registered binary options trading broker who offers more than just a way for you to trade online. Amongst other perks, they offer a comprehensive education centre which includes a binary options trading academy with a fully comprehensive approach to training you that is free-to-use, and analytical software which you don’t need to download and install on your computer. In a nutshell, the more comprehensive the education centre, the easier your learning curve will be, and you will move quickly up the trading ranks, eventually, ending up as an advanced investor. 

Things to avoid as a beginner trader

Here are a few things to avoid or sidestep when learning the art of online trading: 
  • Do not make impulsive trades: Do not make impetuous trades just because you heard on social media (or another source) that a certain asset is going to make a lot of money. This is one of the quickest ways to lose substantial amounts of money, if not your entire investment. It’s vital to thoroughly research the price movements for the asset you want to trade on. If you are uncertain about something, contact the account manager allocated to you by the broker. 
  • Do not trade on emotions: One of the most important lessons that we all have to learn at some stage of our online trading careers, is not to make emotional, knee-jerk trades. Do not “go with your gut.” Once you have decided which trades to make, stick to them. As with the previous point, don’t make any trades without researching the underlying asset thoroughly. Don’t pay attention to hearsay unless it comes from a proper qualified source. 
  • Avoid get rich quick schemes: There are many get rich quick schemes available on the internet today. It would seem that the worse the global economy becomes, the more there are of these schemes – at least, that is just my impression. There is never any ‘easy money’. If something sounds too good to be true, stay away from it. 
  • Never assume you know everything: Learning to trade successfully is a life-long journey. There is always something new to be learned. You might have found a way to trade successfully in today’s economic climate; however, you might need to learn new trading skills for tomorrow’s economic climate. 
Final words

I believe the following words are pertinent to the art and science of online share trading: “The real voyage of discovery consists not in seeking new lands, but in seeing with new eyes.” – Marcel Proust. Learning to trade and continue investing successfully on the world’s financial market means becoming wise from a lifetime learning curve with predictable and unpredictable twist and turns along the way. There is no avoiding this. So seek the guidance of experts like

How to Start a Non-Profit Organization

Communities across the world are dependent on non-profit organizations for support. Creating a non-profit organization is extremely admirable; however, you should be aware that starting out can be challenging.

Have a Mission

You will probably have an idea about your non-profit’s mission already; however, you must come up with an effective plan that identifies each step your organization must take, its fundraising projections and how you intend to achieve your goal.

Non-Profit Organization

You must also find volunteers who share the same vision and will support your organization to the hilt to ensure its success. Non-profit organizations are dependent on kind-hearted individuals who are willing to provide their time, expertise and efforts to improve a community, so it is up to you to find like-mined people to build a solid foundation for your organization.

Consult a Professional

Non-profit organizations are required to adhere to various legal requirements, because your operations are dependent on charitable donations. It is therefore vital you consult an experienced advisor to ensure your organization is legally compliant, so seek advice from an attorney, accountant or a professional who is familiar with charitable operations and/or tax-exempt law.

Know Your Niche

There is a difference between wanting to help and being able to help a community. You must be familiar with your industry before you even think about launching a non-profit. For example, if you want to launch a non-profit hospital, you would have to learn about the legal practicalities, medical requirements of a hospital and whether there is a local or national demand for various medical procedures.

Build a Board

A non-profit organization will require board members who steer the direction of the operations, providing team members with foresight and insight, whilst deciding on hiring the talented individuals who will help take the organization into the future, such as CEO or executive director. Board members will also be required to actively fundraise for the non-profit, from launching fantastic fundraising events to encouraging large and small-scale donations.

Register with Legal Entities

Fortunately, a non-profit organization is exempt from paying tax, but that doesn’t mean an organization doesn’t have its fair share of paperwork. Your organization must apply for a tax-exempt status from the IRS, as well as your state’s tax division, so you can simply invest all your donations back into the community.

Start Fundraising

Once you have the required licences in place, you can start fundraising. You can choose to fundraise by holding large-scale events, such as sporting challenge or dinner party, or taking to the streets or social media communities to share your mission in the hope of public donations.

Building an online presence is also a great way to encourage engagement with people who care about the community. You can therefore incorporate a payment solution on your website so people can donate at their leisure. Payment Savvy can help integrate donation and electronic payment systems to help your organization reach the next level, which can include online donations to mobile text payments.

Fun Ways to Make Money While Studying a Nursing Degree

We are all aware that university is exceptionally expensive. Many students look to make extra money while they study, to try and help avoid debt, or just to fund their student lifestyle. However, working while studying can be dangerous. You don’t want to commit to too many hours, or spend time doing something stressful or time consuming which could affect your studies. So why not try and find a fun way to make some extra cash, and relieve some stress at the same time?


Blogging can be a great way to make some extra money. It can take some effort to get going, so consider relating your blog to your studies to make it easier. For those studying a healthcare degree, healthcare blogs can be incredibly successful. Consider offering a paid members area to make money, or offer careers advice to fellow students and professionals. Talk about the difference between nurse practitioner and doctor, advise people on what might be best for them, and even have some fun with the nurse vs doctor theme. Other ways to make money from a blog include advertising and affiliate marketing.

Make Money While Studying a Nursing Degree

Reviewing Music

There are many sites which offer you money to review music and share your opinions. While it won’t make you a fortune, it’s an easy way to make some extra money, and get to hear some new music before anyone else. 

Market Research

Becoming a secret shopper can be really good fun. You’ll get to try new products, restaurants, bars and shops, sometimes with friends. You won’t earn a lot, but you normally get reimbursed for what you spend, so you could save a lot on shopping and meals out.

Product Testing

As with secret shopping, many companies pay people to test and review new products. You often get to keep the products too.

Be a Hangover Buddy

There is nothing worse than being hungover, and having to get up and do things. Hangover buddies are paid to make the experience more manageable. You’ll go around in the morning, get the client up, fetch them breakfast, and generally help and motivate them in any way they need. It’s an easy way to make money, meet new people, and feel better about yourself.

Tour Guide

If you live in a larger city, or particular tourist hotspot, find work, either for a company, or freelancing, as a tour guide. Research some routes and find places of interest. You’ll need to really know your stuff, so if you don’t already, get learning about your town. Consider asking others where they would take people to get some ideas. Points of historical interest are always popular.

Answer Questions

If you have an extensive general knowledge, this could be the one for you. You’ll get paid to answer questions via chat, text or email. There are a few companies that offer this service, and pay about 15cents per question answered.

These are just a few of the options available to you. Try a few and see which you enjoy, who knows, it might even turn into a lucrative career one day.

7 Beneficial Tips to Maintain Your Modern Homes

So, you’ve got yourself a nice, beautiful, and most importantly, modern home. But you’re wondering to yourself: “How am I possibly going to keep this place clean and maintained so it looks as good as new?”

Well, this article has everything you could ever need to know about maintaining your modern home. No matter whether you’re looking for tips for when to do laundry in St. Louis, the best time to do dishes in DC, or Las Vegas AC repair, we’ve got you covered with these beneficial tips. 

1.Create A “Landing Strip” For All the Incoming Items as You Walk in The Door.

The first tip we have when you’re trying to maintain your home is at the front door. We all know the front door can be a pretty chaotic zone, especially when you have children in the family. Jackets come flying off and land randomly on the floor. Shoes get thrown across the hallway. And then you’ve got a huge mess on your hands.

Modern Homes

Try to create a “landing strip” for all of these items as you come through the door. Doing some DIY coat racks behind the front door is a great way to keep everything out of site and easy to access. Or a simple shoe rack for the kids to put their messy shoes on. 

2.Dishes Should Be Washed Right After the Meal. Period.

Doing the dishes is one of the worst chores out there. Absolutely no one wants to do them, but when they pile up, it can be pretty messy and disgusting. That’s why there should be a rule in your home that dishes are automatically washed or put in the dishwasher after every meal. This will ensure that you’re not left with a pile of dishes at the end of the week because no one bothered to handle them. 

3.Don’t Wait Until the End of The Week to Do Laundry.

You should be doing your laundry continuously throughout the week so you don’t end up with a big pile of smelly clothes in your laundry room that absolutely ruins your weekend. Try to pick two or three days out of the week to run a load of clothes and you’ll find yourself a lot less frustrated when it comes to this chore. 

4.Time Yourself When You’re Cleaning. 

Chores shouldn’t take that long. No matter what it is you’re cleaning, you shouldn’t be spending too much time on it because that just takes away from the rest of your day. 

Next time you’re doing chores, try to time yourself for 20 seconds per chore in order to make the most out of your time. You’ll also be able to get a lot more chores done and your home will thank you for it! 

5.Ensure You’re Using All of Your Storage Space to Keep the Clutter Away.

Clutter is one of the worst things that can happen to your modern home, so make sure you are utilizing all of the extra storage space you have to keep it out of sight and out of mind. Under the stairs, in that extra closest, or in the garage – wherever you put it, make sure your guests won’t be able to get a whiff of the mess. 

6.Take Cleaning Breaks While the Commercials Are On. 

If you’re a person who likes to watch TV, a good idea for keeping a clean house is to take cleaning breaks while those commercials come on. You surely don’t enjoy sitting through tons of commercials, so this is a fantastic way to get moving and get your home a bit more sparkling. 

7.Make Sure the Rest of Your Household Is on Board.

Your house isn’t going to be maintained and kept clean without your entire household on board. Make sure that everyone in the house is aware of the new rules and how to keep a clean environment, especially the kids! Consider making a schedule of who does the chores and when. 

And there you have it. All of the tips you need to make sure your house is cleaned and maintained regularly. Now, get to work!

Why Ongoing Learning Will Keep You Financially Healthy

Do you continually update your skillset or have you given up on learning altogether? If you have given up on learning, this could be affecting you financially in many ways you may not even be aware of. However, if you always want to learn new things, you put yourself in a much better financial position. Below are some ways ongoing learning will keep you financially healthy.

You Are Recognized as an Expert

If you're an expert in your industry or niche, employers and business associates will treat you with more respect and are usually willing to pay an expert more money for their services and access to their knowledge. For instance, if you complete an online doctor of education in higher education leadership course, this qualification will automatically transform your career and allow you to work at a higher level in a wide range of educational institutions.

Why Ongoing Learning Will Keep You Financially Healthy

Without this online doctor of education qualification, these doors would not be opened to you. Once you have a recognized qualification and you continue to learn, the lifetime earnings you can generate are usually much higher than someone who does not have a qualification or has given up on education altogether.

You Build Up Valuable Relationships

In most cases, the more courses you complete, the more chance you have of meeting and building friendships with influential people in your niche or industry. These contacts can be extremely valuable, especially if you run a business or want to change your job at a future date, because these potential business partners or employers already know you and trust you.

You Are More Likely to Avoid Scams

The more you know about a certain industry, the more you are aware of all the scams and illegal activities that take place. Once you have this understanding, you can avoid being tricked out of your money or even worse.

You Are Aware of More Financial Opportunities

If you have your finger on the pulse and you keep up-to-date with the latest developments in your industry, you are in a much better position to take advantage of any financial opportunities that come your way. For instance, if the industry you work in changes on a regular basis, you can capitalize on these future changes by learning new skills that will be in-demand in the future.

You Are More Likely to Make Better Financial Decisions

'Knowledge is power' and the more you learn, the better your financial decisions become. You learn to deal with money in a smarter way. This includes saving more of your money, making wiser investment decisions and not taking any unnecessary risks that could affect your financial future. 

Everyone should set aside some time to learn new skills and increase their knowledge. Unfortunately, most people are either too busy or too lazy to do this and wonder why they have money problems. However, if you do make this important change in your life, you will start to see the financial benefits of taking this action over time.