The Value of an Insurance Professional

With the internet boom, some consumers are looking for their insurance online. Many people, confused by all the insurance jargon, trust their insurance agent or broker to guide them in making the right choices. But, there are different kinds of insurance agents and brokers, and, the one a person chooses can make a big difference in the type of service he receives as well as the choices he is offered. There are captive agents and independent agents. They each approach protecting their client in different ways.

Captive agents work with a specific insurance company, and as part of their business agreement with that company, they can offer only that company’s insurance products. They may also be required to sell other products from that company, such as annuities and investment plans. Since they only sell for one company, they generally have an in-depth knowledge of that company’s policies.

Independent agents and brokers can offer products from different insurance companies. Having more companies helps them better serve their clients, as they can review multiple options to find a policy and rate that is right for each individual. Insurance rates vary from company to company. Independent agents can put together a customized insurance plan. Plus, they can offer affordable protection for a home, business and other assets. So, rather than spending hours gathering quotes from various companies, everything can be accomplished with just one call.

A good insurance professional will know all the questions to ask in order to assess his clients to find the right insurance coverage. He or she will also know how to attain a variety of discounts that are often overlooked when purchasing over the internet. Remember, many factors determine car insurance rates.

Companies look at driving history, type of car, claims history and other factors to determine rates. Taking a driver safety course or getting married may help increase policy discounts. An independent agent or broker can offer advice on what level of coverage makes the most sense for an older vehicle.

Consider separating a homeowner’s policy from the car insurance policy. Bundling the two policies does not always equal cost savings. It may, but have an independent agent should evaluate the effects of separating the policies. The discount for keeping them together may be outweighed by the lower price another company has for car insurance. An independent agent or broker can offer guidance for multiple insurance needs-auto, home, life, business and more. They can customize a package of policies just for any consumer.… Read More

Continue Reading

Advantages of Getting an Auto Loan Online – Why It Is Right For You

Most people don’t have the cash on hand to buy a good car when they need it. In this case, getting an auto loan is the way to go. Auto loans are relatively easy to get if you have prepared adequately. With proper preparation, you can get a great interest rate and a low monthly payment for the car you buy. Take some time to do your homework rather than panicking and you will be rewarded by getting the car you really want at the price you want to pay.

If you have a little time to get ready to buy a car, it will make all the difference. Dealers prey upon people who are desperate or in a hurry. If you have a little knowledge it optimizes your bargaining power. Know your credit rating. It will not affect your credit rating if you request a credit report. Dealers take advantage of you if you do not know your credit score. You may get tricked into a higher interest rate if they can make you believe that your score is lower than it actually is. Know the range of interest rates you can expect and you can get the best of auto loans.

If your credit is not the best, take a little time to do some repair. Little things go a long way when it comes to your credit. Make your debt payments on time for a while, or get some help consolidating. Or, if you need a car now, keep in mind that you can refinance your car loan later. Secure a loan before you shop for a car. Having the money, as it were, on hand is a negotiating tool. This will also ensure you get a better deal on the auto loans.

Auto loans are fairly simple to get, but don’t go for the easiest road. Shop around for a loan as much as you would shop around for a car. If you want the best deal, look around. Competition is fierce for your business. Make sure you find look for exactly what you want. Even if you don’t find it, you will likely find the best there is out there. Don’t just look for the best interest rates. Pay attention to fees also. Fees are a place where you might save money too. Online is a great place to shop for a loan.… Read More

Continue Reading

What is the Distinction Among Venture Capital and Functioning Capital?

It can be not uncommon for small business owners suffering through a money flow crunch to figure out that bringing on an equity partner or investor, for instance a venture capitalist or angel investor, will resolve all their troubles. Regrettably, during my 28 years inside the option enterprise finance industry, I have observed numerous businesses fail resulting from this type of pondering.

Especially, these owners did not have an understanding of the distinction involving equity financing and functioning capital. I’ve observed great, profitable organizations blow themselves up as a result of money flow complications, and entrepreneurs lose ownership and control of their organizations before they had a opportunity to succeed. Many this grief could have already been prevented had the owners opened their minds and taken the time to seriously appear at all of the financing alternatives that are offered to them.

Normally, what these organizations genuinely will need is just a enhance in or access to more working capital. “There is often a massive distinction in between growing working capital and bringing on an equity companion,” says Davis Vaitkunas, an Investment Banker and President of Bond Capital in Vancouver, BC.

“While owners struggling with cash flow challenges might assume their only remedy is a big injection of cash from an equity investor, that could extremely effectively be the worst possible thing to complete,” says Vaitkunas. “In reality, the math will demonstrate that the owner who funds one hundred % of their operating capital with equity earns a decrease return on owner’s equity.”

Operating Capital vs. Equity Financing

At this point it may possibly be beneficial to clarify some terms. For starters, “working capital” could be the revenue made use of to spend your company bills till the money from sales (or accounts receivable) has essentially been received. Terms for sales differ amongst industries, but commonly a business enterprise can expect to wait someplace between 30 and 60 days to be paid. Therefore, as a basic rule, your business ought to retain two occasions its month-to-month sales inside the kind of operating capital. You’ll be able to enhance the quantity of accessible functioning capital by retaining profits, enhancing supplier credit, or working with option financing cars.

“Equity financing,” meanwhile, is funds a business acquires by promoting several of the ownership shares within the organization. In several situations, this can also involve giving up manage in some or all of the most important enterprise choices. This can be a good thing when the investor brings in some distinctive knowledge or synergy for the relationship. Nevertheless, the terms of an equity investment is usually difficult, so it is actually critical to absolutely recognize them and have great legal counsel. Think of it as a enterprise marriage.

As outlined by Vaitkunas, “Businesses should really use equity to finance long-term assets and working capital to finance short-term assets. You need to apply the matching principle and match the length of the asset life for the length of liability life.” A long-term asset … Read More

Continue Reading

Best Ways to Save Money

If you are looking for the best ways to save money, then read on. One of the best things you can do for your future is developing the discipline to save more money then you make. Life can be hard at times especially when the bank account is a little on the low side. For most of our adults life, most of us will be working in order to earn enough money to pay the bills and enjoy life by taking vacations every now and then. The problem is that many people have a hard time saving any of the money they make. The terms, “Too much month at the end of the money” is something that many people know too well. So what can you do to best starting saving more of your money in order to have a better, more secure future?

The first thing you need to do is to be able to keep track of everything. This means that you need to develop the discipline to record how much money is coming in as well as how much money is coming out. Only by doing this will you have enough control over your money to be able to determine where you can save the most amount of money. The easiest way to do this is to pay everything with your debit card from the bank. You will also want to sign up for online banking if you don’t already use that type of service. By doing this, everything you spend on will be recorded and easily viewed online. This will allow you to see where all of your money is going and will give you insights on what areas you can begin to reduce the amount of spending in.

Once you know where the money is going, you will then want to set aside some money for investing purposes. I won’t get into why it’s so crucial for you to do this but in order for you to have a greater chance of a better retirement, you must set up a way for your money to make money. Other saving tips can be in the form of cutting down on outside meals and buying products like toilet paper and toothpaste in bulk at Costco for example. There isn’t any one best way to save money. It’s all of the little things you do that will add up to the big savings which you can then use to put aside for retirement or spend on a nice family vacation.… Read More

Continue Reading

Personal Wealth-Building – Pay Yourself First Habit Endows a Future For Better Financial Health

Over 70% of working Americans find themselves living from paycheck to paycheck despite having increases in income. Similar to most people, you pay everyone else first — taxman, landlord or mortgage holder, credit-card Company, and so on. You even try to manage with a budget every week, month, and year hoping that if you try harder than before there will be some money left over.

A fire will burn until the fuel runs out. The same happens with your spending which will continue until the money including that provided by credit runs out. As long as money is available in accounts without a significant purpose, our human tendency is to spend until it is used up. Looking back over a few years you must have had increases in your income or household income, but you still find yourself struggling to make ends meets despite the increases. Interestingly, as you made more, you spent more.

Regular contributions to a “Pay Yourself First (PYF)” account starting with any amount is a beginning solution to stopping the game and interrupting the vicious cycle. By adopting the PYF habit, you can begin to regain control and set a pathway for a better and healthier future for your personal finance. You cannot look for that extra money to set aside in a special way after you have taken care of all other expenditures. Instead, you must make the first disbursement of your disposable income to your PYF Account.

Just as with any other bill payment, consider that disbursement made for personal professional service rendered leaving your operating account with less money, and that money cannot be reclaimed. Your monthly utility bill comes for the amount of energy used and when paid you have totally less money and no reclaim to the money paid. Further, you receive no equivalent credit for any future energy services because of your long standing relationship as a good and faithful customer.

Not so with the regular disbursements made to your special PYF account. This account grows and begins to feed upon itself from regular contributions, exposure to daily compounding interest, and from you taking advantage of opportunities to velocitize your money.

Your PYF habit affords you the opportunity irrespective of the initial amount to accumulate working capital to generate new wealth and endow your future with a better financial health than now.… Read More

Continue Reading