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Home » Archives for Contributor » Page 15

How to Verify if Your Broker is Trustworthy

March 20, 2017 by Contributor 1 Comment

How to Verify if Your Broker is Trustworthy

*Contributed by Andrew Altman of Slickbucks.

No one wants to trust their long-term financial security to a shady broker whose offered security-selling services may not be on the level.

Fortunately, there is an easy rule of thumb to follow when seeking out a brokerage that can fulfill your future needs: avoid any potential broker that doesn’t give you direct answers to your questions, and stick only with brokers that have information that is covered by various informational outlets.

You shouldn’t ever need to spend a lot of effort trying to affirm the integrity of a broker’s character, as the ones that are trustworthy always make that process easy for their clients.

Nonetheless, you should not rely purely on word-of-mouth to zero in on a broker that you can trust will properly sell you the securities you’ll need. There is a fairly involved research process that you should go through, but we explain in the following guide the best procedure you should take while going about it.

[Read more…]

Beware: Start Up’s Darkest Secrets

March 15, 2017 by Contributor Leave a Comment

Beware Start Ups Darkest Secrets

*Contributed by Alex Williams. Check out her Facebook and Twitter here!

Every startup business faces different challenges and obstacles on its way to success. Unfortunately, many startup owners are unaware of hidden costs and expenses that can hinder their business. These costs are hiding in plain sight, being overlooked or neglected by entrepreneurs.

Owning your own business is a great way to build a profitable career and earn a living. However, running a successful business demands attention and careful planning. Don’t let your dream or your business get ruined by unforeseen expenses. Here are a few extra costs you should be on a look out for that can prove problematic if not taken care of early on.

[Read more…]

7 Ways You can Raise a Financially Responsible Child

February 24, 2017 by Contributor Leave a Comment

7 Ways You can Raise a Financially Responsible Child - Your Wealthy Mind

*Contributed by Amy Nickson.

One day, your little child will face the big world all alone. As a parent, it’s your responsibility to inculcate good money lessons in them. Teach your children as to how they should manage their money and why money management is important.

How can you help your kids to become financially responsible? It is easy: Have a look:

 

1. Help them find a job

Children need to know that money is not easy to come by. Discuss with them why they need to work. This way they will understand the value of money and where the money comes from.

How can kids make money? Kids can make money by babysitting, starting a lemonade stand, car washing etc. But, these involve more direct money. So, the best ways in which your kids can make some money are by helping you out with your household chores. You can ask your kids to help you in cleaning the house, cooking and washing. In return, you can pay some money to your kid.

If your child loves pets, you can also allow your kids to do pet sitting or they can also become a dog walker. This is a great job for earning a little money.

 

2. Give them a piggy bank

You must encourage your child to save money. Tell them the importance of saving money . Gift them a piggy bank and tell them to save whatever possible.

 

3. Discuss financial goals with kids

Explain to your teens why it is important to set financial goals. Help them work out how much money they need to put away for achieving their goals. You can also discuss with your young adults regarding their short-term and long-term financial goals. Discuss with your children how much allowance they should spend each week and how much they must put towards short and long savings. Ask them to save money for charity as well.   [Read more…]

5 Types of Loans You Should Know About

January 26, 2017 by Contributor Leave a Comment

5 Types of Loans You Should Know About

*This is a guest post by Kyle Kam (@undisputedkyle) from MoneyMax.ph.

If you’re looking to get a loan, it helps to know what you plan on using it for. There are several types of loans available in the country, ranging from something that simply adds to your current funding based off of your salary, or something that requires a lot more thinking like a business loan.

It’s important to understand your options and the risks involved when borrowing money. Most loans fall under two distinct categories: Unsecured and Secured.

Secured loans require collateral, which will be used to pay back the amount borrowed should you default on the loan, while Unsecured loans require no collateral but have a higher interest rate in order to ensure prompt payment.

[Read more…]

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