Times In Life You Should And Shouldn't Borrow To Buy

Borrowing money is a fact of life. You may meet people who treat borrowing money as something similar to a cardinal sin. But this is ridiculous and to prove that you only need to think about the times in life when you do need to borrow. You need to borrow to go to college, buy a house or really any item that is beyond your paycheck. How about when you get engaged? You are supposed to spend three times your monthly paycheck on that special ring that will signal a key change in your life and be a declaration of your lasting love. How do you do this if you don’t have the cash you need. The simple answer here is you can’t. You have to borrow. But that doesn’t mean that you should always borrow. So let’s look at some times when it’s the best course of action and a few others when it is the worst. 

borrowing for a home

Borrowing For A Home 

Don’t wait until you can afford to buy a home outright because you’ll be waiting all your life. Or, you’ll have to buy a home with so many problems that you would have been better taking out a loan anyway. It’s worth pointing out at this point that a mortgage is nothing more than a home loan. You don’t own the property, the loan company does, and you’ll be paying it off on a monthly basis slowly gaining a firmer grip on the property. 

The trick when borrowing to buy a home is to borrow as little as possible. You can start by gathering as much money as you can for a deposit. Be aware that there are government incentives available that may be beneficial here. There are schemes where if you save so much, the government will add to your funds to encourage young buyers to jump on the property market. You can also look to borrow from family, and the benefit here is that they, hopefully, won’t charge you interest.

home interest rate

Do make sure that you use a mortgage broker here as well. Otherwise, you might not be able to access some of the better details that aren’t advertised to the public. 

Home Repairs

Let’s say that you have a faulty boiler in your home. You’re probably going to want to repair it using a service like bunnings.com.au but if you don’t have the money, you might wait. You might build up your funds until the point where you won’t have to borrow any money to pay for it. This is a mistake because while you’re waiting and saving up funds the issue is almost definitely growing worse, slowly but surely becoming more expensive until ultimately you might need a replacement. If that happens, you could be looking at a bill of at least 10K, and you don’t want that. 

Instead, you should borrow. With sites like brighterfinance.com.au, you can calculate loan repayments and make sure that you will be able to afford to pay it off at a reasonable level of interest. That way, you can get the repair that your home desperately needs and avoid getting into a loan that you can’t handle. 

Buying A New Car

This is a little bit of tricky one because, in all seriousness, you shouldn’t be buying a new car at all as you can see on autoexpert.com.au. New cars are money drains and they will slowly, but surely bleed you dry. Now, a lot of people say, hang on a minute, buying a preowned car will cost you just as much? You’ll have to pay for repairs and fix issues to make sure it passes it’s MOT each year as soon as you purchase it. Well, that won’t be true if you find a great car on the market and they do exist. You just need to find a dealer. Now, you might still need to borrow a little cash to pay it off but it will be a much smaller amount, and you should have no issues handling a loan like this. 

buying a new car

Getting To The Next Payday

Finally, you might be considering borrowing to get to your next payday. These loans are often easy to get, require no credit checks and come with insane levels of interest. You’re better off just using a credit card if you are low on money in a month. That way, you should be able to pay the cost off before the expense becomes completely unmanageable. 

We hope you find this advice helpful and use it when deciding whether you should or shouldn’t borrow to buy.

Cutting Corners Could Cut Your Profits In These Three Areas

When you’re starting a new enterprise, it’s natural to want to cut corners. In an ideal world you would play the long game. But, that isn’t realistic for most of us. Let’s face it; starting a business is expensive. So, we save where we can, and go down the middle whenever there’s a choice between that or the long route. 

Cutting Corners

For the most part, it’s the best way to go. You don’t want to end up in debt from the start. But, in some instances, cutting corners could cost you money. And, when that happens, you’ll be in big trouble. You’ll develop a bad reputation before you manage to build a good one. 

To make sure that fate doesn’t await you, consider these three areas in which cutting corners could be costly.

Staff training

It’s sad but true that a shocking amount of companies skimp on staff training. As well as being expensive, courses take staff away from the workplace. That means lost profits. And, you still have to pay them for their time. It doesn’t get much more expensive. But, adequate training is essential for providing the best service. And you should want to provide the best if you expect to see any form of success. And, proper training is also essential for keeping staff happy. No one likes to do a job they feel unprepared for. By offering training packages, you can ensure happiness, as well as appealing to the right applicants. Individuals are more likely to stay with you for the long-term if they’re getting qualified in the process. 

staff training

IT solutions

Another area in which you can’t afford to cut costs is your IT operations. No matter what your enterprise, the chances are that smooth running in this area is essential. And, you can be sure that things won’t run smoothly for long if you cut corners on your solutions. We all know that computers are unreliable at the best of times. If your system fails or malfunctions, you could lose a fortune without a disaster plan in place. To make sure that doesn’t happen, contact companies like Qoverage who can take control. You will need to pay an ongoing amount for protection here, but you can be sure that the expense will save you in the long-run. 

Product trials

You don’t need us to tell you that product trials are important for improving your business. This is where you iron out the kinks and make alterations suggested by members of the public. But, trials cost money and take time, neither of which you want to give away. As such, you may be tempted to skip the trial process and go straight to market. Don’t do it. On a basic level, this could result in a product which doesn’t appeal. In the worst case scenario, a product may malfunction and lead to a lawsuit. And, you can be sure that’ll cost more than trials. So, always, always, send products to a focus group before letting them loose.

The 6 Best Business Opportunities to Consider in 2018

Have you got the determination and passion to start a business, but lack an idea? All you might need is a little inspiration to help you get started. That’s why you need to read more about the six best business opportunities to consider in 2018.

1.Become a Mobile App Developer

Mobile applications continue to grow in popularity, and can provide entrepreneurs with an exceptional return on investment. People across the world will happily pay good money to manage their lives from their smartphones and tablets. All you need to do is come up with a mobile application idea that you believe will sell; you can then hire a talented developer, and you could also utilize digital banking services from Cambr to encourage transactions.

business ideas

2.Start Self-Publishing

Would you like to earn up to $1 million within the next twelve months? You should consider following in the footsteps of the many self-published authors who have done just that. Focus your time and attention on writing a compelling book that will grab your audience. Don’t forget, people often judge a book by its cover, so make sure it complements the content. The better your book, the more sales you will receive.

3.Share Your Expertise with Online Teaching

Have you got the expertise you believe is worth sharing with others? Turn your knowledge into a business. All you need to do is start selling your skills online. For example, you can publish helpful video content on YouTube, which you can monetize with ad placements. You could also charge an hourly rate to students for Skype lessons, or you could sell your consultancy services via a personal website.

4.Start a VR/AR Company

According to reports, the virtual reality software market may generate $108 billion in revenue by 2021, and you could potentially grab a share of the sales. Before you do, you must become familiar with both VR and AR experiences, before coming up with a novel idea on how to capitalize on the popular market. For example, you could launch a business to connect companies with VR/AR software specialists.

5.Become an Influence Marketer

2017 was undoubtedly the year for influencer marketing, with brands large and small turning to influencers across social media to promote their products and services. You can, therefore, trust that influence marketing will become the driving force behind many brand’s marketing campaigns in 2018 and beyond. While it can take time to build a loyal following, there is no time like the present to start growing your audience to potentially generate a profitable income for publishing blogs or social media posts.

6.Set Up an E-commerce Website

Consumers want to purchase unique products that complement their lifestyle, which is why many online users are turning to e-commerce websites over in-store brands. It is one of the most effective ways to start making an income online, and you will need to sell a great product at a competitive price, which should be complemented by a user-friendly experience and exceptional customer service. While you will be going head-to-head with more established brands, you will enter the industry with a fresher outlook to sell your brand and products to the consumer.

5 Services That Make Financial Sense For Your Business

When it comes to the world of business, it’s safe to say that you’re always going to want to make sure that you’re investing wisely. Because it’s never a good idea to want to throw money away on anything, or make poor decisions that will impact on the success of what you’re doing. Instead, you want to make sure that every decision you make is beneficial to your business. Not only does this mean that it should give you results and ensure that your business flourishes in some way, but it should make financial sense too. And there are always going to be services to hire that can do this for you such as Attorney Marketing Solutions which can help in the area of CRO for lawyers. So let’s take a look at 5 services that are always going to make financial sense to hire for your business.

Business meeting


First of all, there’s website development. While you could definitely think about doing this yourself, and struggling on with what you’ve got, this attitude will only ever take you so far. Because if you’re not a professional developer yourself, your website will always look amateur. And as you want your business to grow, your website will need to support that. So it’s always going to be in your businesses best interest to hire a developer. It’s also going to save you a lot of time too.

Social Media Assistance

The same very much goes for your social media too. Because you know that you need someone to take this on for you, but it’s not necessarily going to be the case that you have to do it yourself. Because it can be time-consuming and your efforts are best utilized elsewhere. So take the advice that Act-On.com suggests to find the right person. By hiring this service, your business promotions are covered, and you can work on further growth tactics. You'll want whoever takes on your social media to use services such as the best site to buy Instagram likes or followers to boost the visibility of your Instagram account too.

IT Support

From here, there’s then IT support to consider. Because when you have IT issues, it can really slow you down. But when you bring in the right service, such as MusardIT.co.uk, those issues are taken off of your hands. Not only can an expert iron them out, but it will often stop your business from being held back too.


Then there’s security to think about. And we don’t just mean online security - which you should be taking seriously, but also physical security. Because when you have a business premises, you really don’t want it to be at risk in any way. If you were to have a break-in, it could impact on your operations. So investing in security is a small price to pay to stop that from happening.


Finally, there’s also accounting to consider. And this really does make a lot of financial sense. Because accountants can help businesses in a range of ways. Not only will they take the pain of your taxes off of your hands, but they can also provide you with a range of financial advice that could improve your business operations too.

How to Employ the Right People

Employing the right people can be a difficult task, and if you run your own business, you know how difficult this can be. A lot depends on hiring the right person, and if you have a small business, then a lot can depend on on who you hire, even the success of your company can. There are, however, loads of great candidates out there, and more than one which would be great for you and your company

Employ the Right People

The person is also very important, and can be even more so than what they look like on paper. Hiring people can be a difficult process, and many employers find it a testing and stressful time. Having a person join your team will ultimately be a great thing for both you and your company, so keep that in mind when going through endless CVs and interviewing lots of different people. Read on to find out some great ideas when hiring people, and how to find the candidate that is the best fit for you. Do your own research as well, to find who will be the best for this role too.

Where You Advertise

This is really important, and can affect what kind of people end up applying to the role. Of course online is the standard place to advertise jobs, and popular job websites will get you a whole range of people. They are great because you can reach people further afield, that could potentially more qualified for the role you are advertising. There are also other places you can advertise as well. If you have a small establishment and just want to hire part time or weekend staff, a simple sign in the window will probably do. 

If, on the other hand, you are looking for graduates, there are certain places you can show the job advertisement. Many colleges and universities in your local area have their own job sites for students and graduates. If you specifically want to advertise to graduates, then here would be a great place to show the job. You can also click here for headhunters. There are lots of sites that are specific like this, but advertising on popular sites can get you a broad pool of candidates for you to choose from.

The Person 

The person you are looking for for this particular role will of course vary, but there are a few key things to keep in mind when hiring someone. If a candidate looks great on paper, but their personality is not a great fit for your team, then of course they would be a bad option. If, on the other hand, someone does not look that outstanding on paper, but they really impress you when you meet them, they would usually be a better option.

There are lots of great candidates out there, and many people would probably fit the role you are looking to fill. Sometimes the person matters a lot more than experience, so go with your gut instinct when it comes to making these kinds of decisions.

Tax Planning Tips for the Millennials

Being in your 20s and 30s is an exciting time of your life. You commence your career in your early 20s and by the early 30s; you may have your own home. You may even start investing or become an entrepreneur to increase your income.

Unfortunately, when you earn more money, you end up paying higher taxes. Proper planning beforehand to reduce your tax liability by taking advantage of all tax benefits is important.

Tax Planning

Before you start looking for ways to save tax, it is important you determine your taxable income. Your total earnings are not taxable because certain deductions are available. Once you determine the taxable income, consider tax-planning options to reduce your liability.

Here are six tax-planning tips for enterprising ‘millennials’ like you.

1.Know the savings amount

Section 80C of the Income Tax Act allows maximum deductions of INR 1.5 lakh for eligible investments. These include National Pension System (NPS), tax-saving fixed deposits (FDs), National Savings Certificate (NSC), Employee Provident Fund (EPF), and Equity-Linked Savings Scheme, popularly known as ELSS funds. However, you may not need to invest the entire INR 1.5 lakh because there may be certain deductions such as insurance premium or contribution to EPF that is compulsorily made from your income. Therefore, know the amount you need to save according to section 80C before making investments.

2.Avail of health insurance

When you are young, you may be healthy, and do not worry about medical expenses. However, as you grow older, there is a higher risk of suffering from medical conditions. Furthermore, health insurance premium increases with your age. In addition to saving the premium amount, health insurance premium is eligible for tax benefits as per section 80D of the Income Tax Act. An amount of up to INR 25000 for health insurance availed for self, spouse, and children are eligible for tax deductions. The amount increases to INR 30000 for senior citizens.

3.Retain bills and receipts

Your salary may include benefits such as Leave Travel Allowance (LTA), medical expenses, and telephone bills. To avail of all these benefits, you will need to show proof and therefore, you must retain various bills and receipts. You may retain these documents digitally to ensure these are not lost or damaged.

4.Life insurance cover

When you first start your career, you may not consider life insurance cover as important because you have no dependents. However, you may have certain liabilities like an education loan. In case of your untimely demise, your parents may have to repay the loan, which may cause financial distress for them. As you grow older, you will get married, and have a family. Have you considered what would happen to them in case of your premature demise? To avoid this situation, avail of a term insurance plan to secure your loved ones. In addition to financial security, the insurance premium is eligible for tax benefits according to section 80C of the Income Tax Act.

5.Regularly save

You may choose from several of the best tax saving investment options to reduce your liability. You may opt for fixed-return products like NSC, FDs, the Public Provident Fund (PPF), and EPF. Alternatively, you may choose market-related instruments that deliver higher returns albeit at an increased risk. Some of these include NPS and ELSS funds.

6.Avoid inaccurate products

Financial instruments like Unit-Linked Insurance Plans (ULIPs) or traditional endowment policies also offer tax benefits under section 80C of the Income Tax Act. However, these often deliver lower returns when compared to other best tax saving investment options. Therefore, investing in such instruments must be avoided.

There are several ways to reduce your tax liability. It is important you understand and evaluate all these options because tax saved is income earned. You may seek expert advice from experienced professionals to maximize your benefits.

Alternatively, you may use technology to learn ways to save tax. Advanced investment engines like the ARQ investment engine, an integral highlight in Angel Wealth’s mobile application do just this for you.  ARQ uses technically advanced quants and algorithms to analyze over a billion data points. These are then matched with your financial goals, risk appetite, and investment horizon to offer customized recommendations.

When compared to other similar investment engines, ARQ executes the entire analysis through automated algorithms. Therefore, there is no human intervention eliminating all bias. You receive recommendations that are made by machines, which ensure these are the most beneficial options for your requirements.

Download the Angel Wealth mobile app today, start investing to reduce your taxes, and save money.

Why Saving Tax Shouldn't be the Only Reason to Buy Health Insurance

Opting for a health insurance plan has become a necessity. With rising medical costs, making out-of-pocket expenses is a huge financial burden. If you do not have an accumulated corpus, you may have to borrow funds from a financial institution or your friends and family. This is where a health insurance plan comes in handy. Such a policy offers numerous benefits and allows you to focus on your recovery instead of worrying about finances.

Health Insurance

One of the greatest benefits of a mediclaim policy is the tax benefit it has to offer. According to Section 80D of the Income Tax Act, 1961, the premiums paid towards the policy are deductible from your taxable income. While individuals may claim tax benefit of up to INR 15,000, senior citizens may avail of tax benefits up to INR 20,000. You may, therefore, avail a maximum deduction of up to INR 35,000 from your taxable income.

Although you may enjoy tax benefits, it is important to note that health insurance policies offer greater benefits. Following are four major advantages of investing in a health insurance plan.

1.Coverage against rising medical costs

Insurance providers offer financial coverage against numerous hospitalization expenses, including in-patient care costs, surgery costs, alternative treatment expenses and domiciliary hospitalization expenses, among others. The financial burden of meeting exorbitant medical expenses is, therefore, reduced.

2.Benefit of top-ups

Most health plans offer the option of top-ups. Such top-ups, also known as riders, enhance your overall insurance coverage. You may select the rider based on your needs. For example, you may opt for a critical illness policy rider over and above your existing health plan in order to cover life-threatening diseases such as cancer, kidney failure, and third-degree burns, among others.

3.Cashless benefit

Many insurance providers offer the benefit of cashless hospitalization services. This means, the insurance provider settles the medical bills directly with the hospital. You do not have to worry about making cash arrangements in case of a medical emergency.

4.Option of renewal

If you chose to buy medical insurance during the later stages of life, it may become difficult to obtain an approval on your application. However, healthcare plans come with an option of renewal up to a high age limit. A policy renewal feature, therefore, allows you to enjoy the benefits of your insurance policy even when you reach a higher age limit.

Thus, a health insurance plan offers several advantages, besides providing tax benefits. So, instead of only focusing on tax deductions, you may avail of a health insurance to enjoy all the benefits and have peace of mind knowing that you are covered at all times.

4 Reasons Investing In A Website Is A Savvy Move

An investment makes you think of stocks and shares, real estate or precious materials. So, to sponsor a website sounds a little strange. Isn’t that what businesses do to boost their bottom line? Yes, but it’s also something any entrepreneur can do to secure a healthy return on investment. Sites are the current kings of making money, and the trend isn’t about to slow down anytime soon. If you need extra convincing, below are four reasons this step is a savvy move. Once you read the following, you may never look back.


Unparalleled Growth

Buying a site as an investment is a relatively new craze, so it’s hard to pinpoint the ROI. However, the info https://www.cloudincome.com/website-investment// seems to show that it’s a lucrative business. The experts agree that, on average, you can purchase a site for one to two times its value. As an example, the link above uses a buying price of $36,000. According to them, this would suggest a return of 66% per year. Real estate only averages 12%, whereas a small business is around 25%. Stocks and shares can plummet so fast that you lose everything. Only Bitcoin is on a par, but the share price suggests this is about to change. 

Indirect Revenue

Say you don’t buy a site but invest in one through a different means. Let’s consider the example of advertisement. The way it works is simple: you pay a website to promote a brand. Cynical people think this has no impact on the advertiser’s bottom line yet the figures suggest otherwise. Www.madebymarket.com/help/ads/ reckons Google AdSense makes $10 per CPM. A site which has endless amounts of traffic can make a small fortune from a Google partnership alone. That is without factoring in how many people make a conversion based on third-party ads.

Better Security

Why would anyone invest in a resource which is unsafe? After all, a hacker can break in remotely without too much effort. At least, that is how the uninitiated think it works. The truth is that lots of companies such as https://www.prosyn.co.uk/it-support-packages-london.php exist to stop breaches. Gone are the days when a free antivirus program was the only hurdle to prevent theft. Nowadays, digital security features include malware and Trojan horse software. There are even resources to make cloud computing less risky. As long as the people in charge are security savvy, there won’t be an issue.


Usually, an investment leaves you powerless. Stocks and shares are subject to the market, while property goes up and down based on demand. Sure, you can spruce up a living room, but there are lots of external forces still at work. Sites are different because you have the key and can do whatever you want to improve the platform. Changing content, social media interaction and customer service are three ways to boost traffic. Once this happens, the opportunity to make money grows and your investment will too.

It may be new, but the factors above show it to be well worth a gamble.

How to Claim Tax Benefits of Health Insurance

Health insurance plays a key role in an individual’s financial plans. It not only protects you and your loved ones in times of a medical emergency but also ensures you do not face any financial constraints. 

Although insurance has become a necessity, many people are not aware of its importance. In order to promote insurance, the Government of India has provided tax benefits on different kinds of insurance, including health insurance tax exemption.

Health Insurance

As a taxpayer, here are a few health insurance benefits that you should know.

Tax benefits under Section 80D of the Income Tax Act, 1961
  • As per Section 80D medical insurance benefit, if you are below 60 years of age, you may avail of an annual tax benefit of INR 25,000, which includes INR 20,000 against premiums paid and INR 5,000 on preventative health check-ups.
  • You may also avail of a tax benefit of INR 30,000 for your parents if they are above 60 years of age and even if they are not dependent on you. This includes INR 25,000 against premiums paid and INR 5,000 on preventative health check-ups.
  • If you are 60 years and above and are paying the premium for your parents’ health insurance, then you may avail of a total tax exemption of INR 30,000 annually. 
  • In case your parents are above 80 years of age, you may claim a tax benefit of INR 35,000 on their health insurance. This includes INR 30,000 against premiums paid and INR 5,000 on preventative health check-ups.
Let us understand this with an example. 

Scenario 1

Ramesh is a 45-year old man who has invested in health insurance for himself as well as his parents who are 65 years old. Given this situation, Ramesh may avail of an annual tax deduction of INR 55,000 on the premium payments and preventative health check-ups for himself and his parents respectively.

Scenario 2

Shyam is a 61-year old man who has invested in health insurance for himself as well as his parents who are 75 years old. Given this situation, Shyam can avail of an annual tax deduction of INR 60,000 on the premium payments and preventative health check-ups for himself and his parents respectively.

Scenario 3

Reema Sinha is a 65-year old woman who has invested in health insurance for herself as well as her parents who are 85 years old. Given this situation, she can avail of an annual tax deduction of INR 65,000 on the premium payments and preventative health check-ups for herself and her parents respectively.

A few things to note while claiming for health insurance tax exemptions are as follows:
  • You may avail of these deductions only if the premiums are paid via cheque, demand draft, credit card or any other bank transfer. Cash payments are not considered under the purview of tax exemption, except cash paid towards preventative health check-ups up to INR 5,000.
  • Tax deductions may not be claimed for past premiums paid or any premiums you are going to pay in the future. This means, if you have invested in a health insurance policy in the year 2016-17, you may only avail of tax deductions within that year.
  • You may enjoy tax deductions when you file for annual income tax returns. For this, you would need to fill out the deductions you are eligible for during that particular year and submit the necessary supporting documents.
Investing in a health insurance policy gives you not only protection from huge medical expenses but also savings in the form of tax exemption.

Effective Procedures to Avoid Wrongful Termination Suits

The manner in which employees are handled during the termination process plays a significant factor as to whether or not an employee files a lawsuit against the employer. While you can’t do anything about your employee’s emotions after the course of the termination, you can still prevent the likelihood of facing wrongful termination suits if you consider some tips to get rid of lengthy and costly litigation.

Wrongful Termination Suits

Below are some effective procedures to avoid wrongful termination suits:

1. Establish Proper Employment Procedures: If you need a significant number of people to help you run the business, it’s vital that you initiate proper employment procedures.
  • When dealing with employment, you should make sure that everything about your employment processes is in place. In other words, make sure that you’ve already prepared your employment contracts before hiring employees. Take note of the important information that should be included in the contract such as the employee’s position, salary, date employed, employment status and terms and conditions of termination.
  • If you’re uncertain about the legalities of the contract, have these documents reviewed by the company attorney. That way, your lawyer can see to it that your agreements are drafted under the law.
  • Also, don’t forget to check your company handbook and manuals. If you don’t have existing ones, create your company policies and be clear always when it comes to the rules and regulations to be followed for termination.
  • Refrain from distributing these materials without scrutinizing them properly. Make sure that you update all information in your company handbook and manuals.
  • Aside from policies and regulations, ensure that all agreements you've entered with your employees are put into writing. Keep detailed records of everything concerning your employee’s status of employment and even performance evaluations.
2. Provide Training For Employees and Supervisors: Providing training for your employees and supervisors can go a long way in maintaining a harmonious work environment for all.
  • When it comes to your supervisors, giving them the appropriate training about employment practices and workplace policies can go a long way to avoid the possibility of facing wrongful termination lawsuits.
  • Take note that one way of preventing termination suits from happening is to provide your employees with proper orientation and training. If your company policies and other employment terms and conditions are communicated to your employees, you’re doing the right thing. That way, your employee, when terminated for a just cause, can no longer argue that he or she has been wrongfully terminated without due process.
3. Institute Procedures For Legally Terminating An Employee: Going through a termination process can be dreadful to both the employee and the employer. No matter how careful you’ll be in dismissing an employee, facing an actual wrongful termination lawsuit is still possible. That’s why instituting procedures for legally terminating an employee can also be a perfect idea. 
  • Follow the Law: In terminating an employee, following the law is fundamental. Make time to understand and familiarize yourself with your state’s employment laws. Be sure that you also obey your government’s employment guidelines so that you’ll know exactly what to do in legally dismissing your employee.
  • Conduct Performance Evaluations Regularly: Remember that employers provide regular evaluations to check an employee’s work performance and to recommend areas of improvement. However, if you think of terminating an employee due to their inferior performance despite your earnest efforts, taking advantage of the results of performance appraisals can help you avoid termination suits.
  • Make Use of Termination Protocols: Keep in mind that employment termination should be done with the observance of due process of law. In other words, specific steps should be followed before directly terminating an employee. If you don’t want to encounter expensive and lengthy termination lawsuits in the future, be mindful of the following termination protocols:
➔Be sure to notify your employees in writing about their regular performance appraisals. Do not just give verbal information about employment-related matters.

➔Ensure that performance appraisals or reviews are acknowledged and signed by your employees. Keep these records intact for future use.

➔Provide warnings in writing before terminating an employee. Document everything, including your conversations. 

➔Gather sufficient documentation to support your termination decision. However, make sure that collecting information should be done legally.

➔Seek appropriate legal advice from a licensed attorney regarding employee termination. Try to inquire if you’ve followed or missed out on some important legal considerations in dismissing an employee.

➔Offer assistance to the terminated employee. Bear in mind that you can minimize the risk of being sued for wrongful termination suit if you extend support to the employee you’re terminating. 

Compliance with the employment laws in your state can provide you with the assurance that you’ll not come across with wrongful termination suits anytime soon. As long as you adhere to the above effective procedures to prevent termination cases, you can take comfort in the fact that you’ll hopefully be running a litigation-free business from now on.

Disclaimer: This article is only intended to provide general information about the effective procedures to avoid wrongful termination suits. It is not, however, considered as actual legal advice regarding the subject matter. If you’re facing a termination suit, it’s recommended that you contact an experienced lawyer to help you with your situation.

About the writer: Cindy Dowling, part time writer who offers a fresh take on various law topics with the pieces she writes for local firms. Cindy enjoys a good cup of coffee and a good book whenever she has the time. 

Put your financial house in order – 6 financial resolutions to keep in 2018

The New Year brings with it the promise of a new beginning and also the hardships of tracking self-improvement. As per the research from the University of Scranton, the nostalgic holidays and an entire year of regrets, around 50% of the Americans decided to make resolutions for the New Year. The New Year is undoubtedly a great time to change your life for the better and the best place to start is by making few solid financial resolutions which can get you closer to your monetary goals.

financial resolutions

Whether it’s boosting your retirement savings or keeping aside enough money for being able to make the required down payment on your house, you’ll always need to take care of your finances so that you can set your financial house in order in 2018. What are the steps that you should take? Read on to know more. 

#1: Stay prepared for risks and monetary disruptions

Now is the age of monetary disruptions because things are changing and moving at a rapid pace which is gradually becoming unbelievable. Hence, it is important to be mentally and financially for such risks. Despite being aware of different kinds of risks, we tend to ignore them. If you haven’t still done that, start off this New Year and reduce all risks, if not eliminate them. Do away with not having any retirement plan, not being adequately insured and not considered about being overweight. 

#2: Know what exactly you want

Now that you’re resolving for the New Year 2018, have a concise financial goal. You just can’t do with saying that you wish to pay down your credit card and have enough money in the bank. In fact, your goal has to be actionable and clear. You have to take instant action so that you could show yourself that your credit card is paid down and that you have an IRA that’s fully funded!

#3: Set priorities for your debts

Remember that all debts are not created in an equal manner. You have to enlist your obligations and categorize them by their annual interest rates that you pay on them. If you’re already paying 19% or more than that in the form of interest rates every year, there’s no use in investing money. In most instances, the best course of action would be to sell off your savings bonds, certificates of deposits and cash holdings as well. 

#4: Open an IRA or a Individual Retirement Account

If you still didn’t open one, make sure you open an IRA and begin contributing money towards it. In case you have an accountant or a financial planner, he should inform you about whether a Roth IRA or a traditional IRA would be appropriate for you. Both offer tax benefits which can add to offer you a significant amount by the time you retire. 

#5: Close down the unnecessary accounts

Financial institutions and banks usually charge fees for almost everything. Is it necessary to have multiple checking and credit accounts? Though there are exceptions, the answer is always a big ‘No’. So, you should close down all the unnecessary accounts. 

#6: Make a passive source of income by doing what you prefer doing

Majority of the people can always have one thing about which they’re truly passionate. One of the best ways in which you can enjoy your work is by doing those things which you love to do. When it comes to making a passive income source, this is perhaps the best time to transform your passion and hobbies and capitalize it. You can therefore try them out to earn a passive source of income. 

Therefore, now that you know about the best financial resolutions that you should try your best to keep in 2018, what are you waiting for? Get up and take immediate action regarding your personal financial state so that you don’t have to spend a financially chaotic 2018. If you fall short of the qualification criteria of other types of secured or unsecured loans, you can opt for title loans this New Year from https://www.tfctitleloans.com/.

Know more about Debt Collection Laws: Collections Process, Practices & Methods

When you hear the term debt collector, what kind of images come into your mind? You’re probably thinking of a person wearing a black suit, tie, shiny black shoes, with a permanent stern look on his face. You might picture someone who’s hard-hearted and would throw people out of their homes because they can’t pay their dues. This cliché portrayal of debt collectors may not be without reason. Credit collectors, however, have a right to collect money. You owe money to your creditors, and credit collectors are just trying to do their jobs by collecting pay for what you legally owe. 

So, what is Debt Collection?

Debt collection is a process of collecting payments of money owed to you by a person or a company. If you’re unable to collect payment yourself, you can go to a debt collector. A person or an organization that collects unpaid debts for other people is called a debt collector. Most debt collectors work as agents of people or businesses who loan out money to collect the debt for a percentage of the total amount received.

Debt Collection

What is the Process of Debt Collection?

Each creditor has their own policies for sending out their accounts to collections. Before getting a loan or getting granted for a credit card, you’ll need to sign an agreement that binds you and your bank. This deal is called credit card or loan agreement, which lists the pricing information of your credit card or loan. If you review the agreement, you’ll be informed of how long a period of non-payment will occur until it’s sent to a collection agency.

Three Phases of Debt Collection Process:

1.First Six Months of Your Delinquency

The first six months of your non-payment on your credit card or loan is the time when you’ll be dealing with a first-party agency, which is your creditor’s internal collector. During this period, it would be ideal that you try to pay and settle your debt because the only people involved are you and your creditor. Plus, payment of your debt during this period would help maintain a positive relationship between you and your creditor.

2.Debt is Passed on to a Third Party

If you haven’t paid your debt after six months, your creditor will pass it on to a third-party agency. The third-party organization is a debt collector. Even if the debt collection is passed on to a third-party, the debt is still owned by your creditor. If the third party would be able to collect the payment from you, they’d earn a commission in the form of a percentage of the debt or fee.

3.Writing Off and Selling of Your Debt

If collector of debt fails to collect the payment of debt from you, your creditor writes off and sells your debt to an outside collection agency. The outside collection agency is known as a debt buyer. Once your debt is sold, the creditor’s not involved anymore. The debt buyer will collect the debt plus interest from you, to profit from buying it. 

What are The Prohibited Debt Collection Practices?

When your creditor passes on the debt to a debt collector, the collector must follow the rules of the Fair Debt Collection Practices Act (FDCPA).

Here are some things that a Debt Collector can’t do:

1.Call you at inappropriate times: collector of debt is not allowed to call you before 8 am and after 9 pm.

2.Call you at work: collector of debt is not allowed to call you at work, especially if he/she is aware your boss doesn’t let these calls.

3.Harass, oppress or abuse you: collector of debt is not allowed to call more than necessary, threat you, stalk you, etc.

4.Lie to you or imply that you’re a criminal: he/she is not allowed to conceal his/her identity when calling you, tell you that you’re a criminal, lie to you in any way, etc.

5.Disregard your written request of ceasing contact with him/her : When you’ve sent collector of debt a letter terminating your contact with him/her, he/she must respect your request.
If you have a debt, pay for it as soon as you can to avoid going through the debt collection process. If you’re facing business debt, be sure to get the help of a business law attorney who can help you decide the necessary steps to take. And if you can’t pay for your debt, and a debt collector violates your rights, contact a lawyer and ask him/her about what to do. However, if you’re unsure whether collector of debt has violated your rights, contact the Federal Trade Commission (FTC). Once you find yourself in debt, plan on how you’ll pay for it, and if you’re unable, consider getting help.

About the writer: Daniel Grate is a professional writer in the law industry. She currently writes pieces on various law topics for the common reader. In her spare time she spends quality time with her family and friends.  

Improve your financial situation and invest in Bitcoin

Bitcoin alludes to the brand of cryptocurrency and instalment framework that was concocted by an unidentified software engineer or developers under the name Satoshi Nakamoto and was presented in 2008. Every one of the exchanges between the clients take place with no delegate. The component that is vital to the product is an open distributer record known as the Blockchain and each Bitcoin is considered as a unit of currency by this record. 


Bitcoins are created by trading it for monetary forms, items or administrations. The effect of Bitcoins in the market landscape has been significant throughout the years and is still rising. It is in this setting we dissect motivations to put resources into Bitcoins and here are some benefits of it:

Numerous applications 

According to a Bitcoin expert at Olsson Capital, John Callaway, Bitcoin is an instrument with different applications. It is separated from being an advanced currency that can be utilized as a part of different routes by its Blockchain innovation. The Blockchain programming of Bitcoin can be utilized for things other than coins, for example, computerized trading of securities, for the exchange of titles or group financing.

High strength in a temperamental domain 

The cost of Bitcoin has been steady. The level of strength appeared by Bitcoin amid the last one and a half to two years are contrasted with budgetary instruments. This appears in relations to the soundness of the worldwide economy. The global monetary circumstances are unsteady with Bitcoin being separated from the regular securities exchanges and currency components that have not been influenced. 

Mover preferred advantages

The age of advanced currency is upon us with clients, merchants and individuals moving from conventional instalment strategies. It is in this approaching advanced age that Bitcoin has a first mover advantage with an expansive closeness in the market. The aggregate market estimation of capitalization that Bitcoin has is well more than 6 billion with its closest contenders notwithstanding the 1 billion mark. 

Bitcoin-dividing convention 

Bitcoin takes after a convention by which every 210,000 blocks, the measure of new bitcoins made is sliced down the middle. At the point when Bitcoins was propelled in 2009, the clients were remunerated with 50 Bitcoins per square. This reward was split in November 2012 to 25 Bitcoins per piece. This will proceed to happen and the number will be split once more. The measure of Bitcoins that can be made is held under wraps by the convention it keeps running on.

Leaning towards a cashless economy 

Globally, there is an unquestionable pattern of moving towards a cashless economy. This will build dependence on advanced currency and other instalment strategies. Bitcoin, being kept in a compact mode, will be more usable than other strategies, thus Bitcoin is called digital money. 

Monetary patterns of Bitcoin 

Monetary highs and lows are highlights of every single financial instrument. Bitcoins began off little in trading in 2010 with $0.1 for each Bitcoin and it has been rising from that point forward. In 2011, it went past the $1 stamp and went to $32 when it collided with a low of $2. At that point, the highs and lows started with costs going up to $250 to $60 and then to $100. This financial pattern, predictable with many instruments, has been proceeding and has been demonstrating upwards patterns from that point forward. 

Positive assumptions towards Bitcoin 

The feeling towards Bitcoin has been getting positive from the underlying idea of dread when it was first presented. These positive assessments assume a generous part in the further advancement of the innovation with better market demand, a more extensive client base while essentially expanding monetary help. 

Bitcoin utilized as a support 

Throughout the years, history has instructed that gold has dependably been an extraordinary support. When there was a monetary blast or fall, individuals have purchased gold. In the present day, Bitcoin is removing this position from gold.

Simple trading 

Trading Bitcoin is extremely easy. Purchasing requires a credit card,Paypal or a digital wallet. These are stages that take into account effectively purchasing Bitcoins, for example, Bitquick and Blockchain. Exchanging these Bitcoins to different clients is also very simple. In any case, mind must be given amid such exchange.

The absence of currency control

Bitcoin keeps any control of market cost or exchanges. Any exchange, once performed, can't be switched. There is no middle persona such as a bank which will be equipped for affecting the market or costs. This makes the exchanges modest, straightforward and quick. This takes away all feelings of trepidation of being tricked and the main reason for this is making precise exchanges.

Getting People To Actually Remember Your Business

Nowadays, it seems like there’s a new start up every time you turn a corner. When you’re trying to get your business on the roadmap, it can be frustrating to find that there are constantly new entries in the space vying for attention. So, how do you make sure that you stand above the rest and be remembered not just by customers but by the people you meet and speak to?

business people

Be memorable

You can set yourself up for success or for a fall right from the beginning when you make the big decisions about the business, such as what its name will be and what the brand’s focus will be. If you’re not widely known yet and you find you don’t have the brand name appeal you need, you can start from a clean slate. But take the time to think about what makes a name memorable and what is the best possible value proposition to add to communicate what you do effectively to your customers.

Have a signature style

When you’re deciding the cores of your brand, make sure that they are cores you can rely on again and again. You have to be able to use your logo thousands of times and to have a colour and design scheme that you can use through hundreds of documents, web pages, and business cards. Consistency is crucial to being memorable. Every time you create new brand material, make sure you have a visual style guide that your team can follow to make sure it fits the company identity.

Incentivise your talkers

Whether it’s your sales team, your customer service squad, or the gaggle of networkers you take with you to events, make sure that you create real brand advocates out of them. Treat them with respect, first and foremost, and brief them on what’s going well and what isn’t. But moreover, give them a little incentive with a reward system. They should believe in what they’re selling, but raising the stakes some can be just the push they need to sell it even harder.

Free is always good

When you’re at conferences and networking events, or inviting people to the office, giving them a little something they can take away can do wonders. Many businesses use the strategy of freebies to scattershot their brand out there. But the best businesses offer something with real value, something that others aren’t giving. Instead of the same mug or USB pen that your competitors give, offer something unique. Trolley coins are easily branded and not quite as ubiquitous. Even things like branded hand sanitiser or mints have an immediate value in the crowded context of a conference.


If you have a chat with someone and you exchange contact details, send a follow-up email. It doesn’t matter if they’re not a valuable lead. People remember good etiquette. What’s more, if they are a valuable lead or you have a truly engaging conversation, you shouldn’t fail to capitalise. It’s easy to send follow-up emails and it can more valuable than you might think

Naturally, all of the tips have to be supported by running a business that’s actually worth remembering. A product that stands out and customer service that actually services the customer are essential.

DIY Projects That Are Cheaper Than Hiring Someone

There are a lot of DIY projects around the home that you can do that are cheaper than hiring someone. Hiring a professional can be expensive, and if you have the time and energy to complete it yourself, then you might as well save yourself some money.

DIY Projects

Fitting Carpet

Fitting a carpet might sound complicated, but it really isn’t. This is even truer if you buy a carpet that comes in squares and each one is fitted separately. If you are fitting a single roll carpet, then you might want a second pair of hands to help you lay it out flat and ensure there aren’t any kinks or lumps in the carpet. However, you can rope in a friend, child or spouse to help with this and fit the carpet no problem. By fitting the carpet yourself, you might be able to afford a more expensive and luxurious carpet because you don’t need to pay for the fitting. To fit most carpets, you will need to first lay down the underlay, and they layer the carpet over the top. However, some carpets are different from others, so you should check with the store what the best way to fit it is and follow an online tutorial when fitting to ensure that everything goes smoothly.

Painting and Wallpaper

Both painting and wallpapering are excellent DIY projects that are so much cheaper to do yourself. This assumes that you have the time, but neither take especially long so you might as well save yourself the cash. This is especially true for wallpapering which can take only a matter of minutes if you know what you are doing. When it comes to painting if you have a roller and large brush then you can quickly cover the wall with your chosen paint before going over the edges with a smaller brush. Just make sure not to spill any paint on the floor or other places as this can be a pain to remove. You should put newspaper or sheets down to prevent this from happening. Both of these are fairly easy to do and can a be a relaxing activity that you can enjoy doing. This is true for a lot of DIY, so whether you need some sandstone sealer or to fix the garage door, you can take the time to enjoy whatever you are doing.


A lot of people will already fit their own shelving, but some might not. Most pre-bought shelves will come with instructions on how to fit them, so you can follow this guide when doing the DIY. However, make sure that you have a measuring tape and a spirit level so that your shelves are flat and not dipping to one side. You might also want a second pair of hands to help you keep everything in place when it comes to screwing or drilling the shelves into place, too. However, you will likely be able to manage by yourself unless the shelves are high off the ground or particularly heavy and large.

Let It Go! 3 Signs Your Business Is No Longer Viable

When you start a business it is all consuming in the way it affects every aspect of your life. It probably took a lot of research and financial investment to get your business up and running and you have probably given the running of your business as much attention as is needed by a new baby! In fact you could describe your business as “your baby”.

You believed that your business would succeed and you developed a business plan which showed year upon year of profitability and success. 

No Longer Viable

Suddenly, you begin to have second thoughts. Perhaps your drive has gone, or the business is not doing as well as expected? It is easy to become disillusioned and feel that your business is a failure. Remember though that lots of very successful entrepreneurs have been through exactly the same experience. Most of these successful business owners have a whole host of so called “failed” businesses behind them. Each business reached its natural end and so was either absolved or sold. One thing is for sure the skills gained during the process of starting a business can be used to further your future business plans. No time has been wasted, so brush yourself down, hold your head up high and move onto your next plan.

The decision to end a business is tricky, but must be done if it is no longer viable. There are signs that your business is not sustainable, some of which are discussed below.

Not profitable

It is normal for a business to run without profit for several years, whilst it becomes established. Costs relating to setting up the business such as the purchase of equipment will also cancel out initial profits. If you are still not making a profit after several years, or your predicted profits on your business plan are not being achieved, you need to take stock and reassess your businesses viability. Financial advisors would be worth consulting, as they can give advice on how your personal capital is being affected by your business. If you have put all strategies in place to give your business as much chance as possible to grow, it may be time to admit defeat and let it go.

Change in market trends

It may be the case that your products or services are no longer in demand, meaning there is no market for your business to grow. Trends change so rapidly and businesses need to keep up to date with developments, so that they know what the next “big thing” will be. If you cannot tweak what you offer in order to meet current demands it would be best to absolve the business. There’s nothing stopping you from relaunching another in the future. What you need to avoid is going into debt.

Loss of interest

Running a successful business requires passion for it to succeed, if you no longer love what you do there will be no driving force to move your business forward. Admitting that you don’t enjoy your product or service is the first step. If your business is profitable and viable you could sell up, otherwise it would be best to end the business to avoid going into debt.
Moving forward, it is good to know when to quit. You can use your skills in other areas in order to develop another business in the future.

Making Your Business Environmentally Friendly

There is more and more focus on how we live our lives these days. We make conscious decisions everyday to make purchases, be that online or in person. We are always been made aware of things we can be doing to save our planet and lowering our carbon footprint, but are you doing all you can with your business? There are many different ways you can make an impact and become much more environmentally friendly. So I thought I would share with you some of the ways that you can do that.

Eco Friendly

Making the packaging more environmentally friendly

First of all, why not look at ways that you can make your packaging more environmentally friendly? Sometimes businesses in the past have been accused of using too much packaging for their items, when smaller more slim lined options could not only save on the materials you use, but could also help on your mission to be a little more eco focused. Things like custom stand up pouches for liquids or food items, or something vacuumed packed which could then save on the outer materials for delivery purposes. If you research your options enough, you are sure to find a more suitable method of packaging for the items and products you sell. 

Changing the habits in your office

Sometimes it is just the habits that you change that can make the biggest difference, and if there is more than one of you in the office or working environment, then it needs to be a collective decision to make some changes. Switching computers off at the end of the day instead of leaving them on standby. Switching lights off and turning off heating or cooling systems can not only help the environment, but also bring down your energy costs. 

Recycling old technology

Many working environments will know that you can go through technology fairly fast. With the introduction of new systems, fast processors and quicker speeds for the likes of internet, you may find that you have an abundance of old tech lying around. A great tip is to look into recycling these older models instead of sending them to landfill. 

Alternative methods of delivery

Could you be doing more with your delivery methods? Perhaps looking into lower emissions vehicles for your fleet or choosing courier and delivery service companies that also have an eco approach to the way they do business. There are other options to consider, and sometimes, delivery methods can be the area that impacts the environment the most. 

Making the premises more eco-friendly

Finally, there are other ways you can make your working environment that bit more eco-friendly. First up, think of the bulbs you use to light the office or warehouses that you have. Changing these can be a simple decision, but the impact on your energy costs could be astronomical. You could also change heating and air conditioning systems for more up to date environmentally friendly models. 
I hope that this has given you some incentive to make some changes to your business this year.