Let’s say that you run a business or own one. You might have a business loan that you took out to get your company off the ground. A bank or a credit union probably gave it to you. A time might come when you want to refinance that loan. You have probably heard this term before, but do you know what it means and what it involves? If you’re not clear on any details, we’ll break it down for you in the following article. We’ll also cover when you should do it and when you shouldn’t. What Exactly is Business Loan Refinancing? First, you need to understand what precisely loan refinancing is. When you refinance a loan, what that means is that you’re taking out a new loan to pay off the old one, or sometimes more than one if you have several outstanding. If you’re refinancing a business … [Read more...] about Business Loan Refinancing: What It Means, and When You Should Do It
Finances
How to Keep Down Your Energy Costs
One of the keys to saving anything, whether it is money or energy, is efficiency. There's no point in earning thousands on investments if you're also losing thousands in the form of debts. Paying off debts is the first step to earning money, and saving heat energy is the best way to reduce your annual power bills and stay eco-friendly. TURN OFF APPLIANCES Turning off your appliances to save money on your energy bills seems like a no brainer. Of course that's what you do but do you really. You might think you've turned off an appliance but the reality is the device is still drawing current on standby. Appliances left on standby in this way can cost you a significant amount on the end of your annual energy bills. If you aren't using your kettle, your television, or your laptop; … [Read more...] about How to Keep Down Your Energy Costs
How to Properly Prepare for Your First Mortgage Application
Buying your first home is always an exciting time and exciting experience. It’s one that certainly shouldn’t be undertaken lightly however. Applying for your first mortgage is a process fraught with complications. There are many mistakes that can be made if you’re not being careful. Today, we’re going to take a look at some of the ways in which you can prepare for your first mortgage application and achieve the best possible outcomes from that application. So read on now and find out what it takes to apply for a mortgage for the first time in a way that’s going to reward you most moving forward. Don’t assume the process is simple and straightforward. Check Your Credit Score First of all, you should take the time to assess your credit score. This is one of the first things that the … [Read more...] about How to Properly Prepare for Your First Mortgage Application
Bullet-Proof Ways To Get The Pay Rise You Deserve
Do you look at your paycheck and think, “where has all my money gone?” There’s no doubt that money makes the world spin, and this is doubly true when there isn’t enough of it to go around. However, the last thing you want to do is work harder to earn more. Instead, it’s about being smarter. A clever way to boost your earning power is to get paid more for the job you already do. Yes, it’s time to ask for a raise. Pay rises are notoriously touchy topics as it involves instigating a difficult conversation with your boss. And, it’s not as if he or she is about to hand you more cash on a whim. They only do it when you push the envelope. The fear of rejection is strong, as is rejection itself - if you don’t argue coherently, you might ruin your chances of a pay bump for the foreseeable … [Read more...] about Bullet-Proof Ways To Get The Pay Rise You Deserve
3 Types of Expat Pensions: An Overview
Choosing an expat pension scheme is a crucial decision if you want to ensure a comfortable retirement. In the UK, there are several schemes with similar features that compete with one another. Each plan can meet money-management issues depending on where the pensioner lives, retirement goals, and age when they applied for the scheme. In general, there is a set of legislation and regulations that govern these schemes. However, there may be some slight differences, especially when it comes to tax relief. If you seek advice from Pensions for Expats, there is no pension product considered better than the other. Instead, you’ll need to look through the options by taking into account your financial goals. Qualifying Recognised Overseas Pension Scheme This type of scheme is applicable if … [Read more...] about 3 Types of Expat Pensions: An Overview
4 Clever Ways To Make Buying A Business A Savvy Investment
Launching a startup is hard. To look at the numbers, you may think it’s impossible - only 25% of companies are around after the fifteen-year mark, with 20% to 30% filing for bankruptcy after two to five years. Ouch. In many ways, it’s less hassle to purchase a business that already exists because you know a lot more about the essential elements of success. The figures prove that the formula is a winning one. Of course, buying a company, if you can get over the initial investment, isn’t a walk in the park. To make it work, you must focus on the following. Secure The Rights To The Infrastructure Sellers are smart. They’ll put their business up for sale and use the small print to milk the sale for everything it’s worth. For example, if you don’t purchase the infrastructure, they can … [Read more...] about 4 Clever Ways To Make Buying A Business A Savvy Investment
