Investing Like a Pro – Tips For Beginners

As many of us perceived, there is a potential tendency for the majority of the community people to squander money on the things that they do not need at all. Shall we say, while the items may be of use in some way, that extra money they utilized could have been put to better use though good investing. Investment for Beginners is not about spending thousands of dollars. Take note that as little as $30 can also do the trick. The point here is that the little help you need and the sooner you start, the better.

Any investment you will consider is a risk. That’s true! This consideration is regardless of the amount of cash being used. For solely this reason, it is recommended for a first-time investor or any investor at all, to have an emergency reserve fund that acts as a cushion or safety net. Probably a three to six-month income in your bank account, whether it is a CDs (Certificates of Deposit), money market account or a savings account. This consideration will handle the unexpected financial crises that might arise during the investment period. It is always appreciated to be always ready.

Subsequent to that, you will have to create an effective investment strategy. Set objectives that are attainable after a specified time period. Be it for a short-term plan for building or buying a house or long-term plan for retirement.

After sorting your goals in place, carefully think about how to invest your money. You can get good ideas from Internet forums talking about investment. Carefully research on the best steps to be taken. There are three common ways to do this: bonds, stocks, and mutual funds.

On the other hand, mutual funds are great for beginners. Resources are pulled together in this scenario by many investors to buy stocks and other securities. Bonds are the safest securities but nevertheless have low-interest rates. It is loaning money at fixed interest rates. Purchasing stock, on the other hand, is buying the ownership of a company and you are entitled to the company’s profit partially. In short, buy low, sell high!

On the final note, either consult an individual or a brokerage firm to help you buy and sell securities. Research before hiring, avoid unscrupulous traders! Remember that investment for beginners will sometimes be the hardest part in terms of decision-making. Are you one of the beginners in terms of investing?


Self-Employed Health Insurance Premiums – How to Reduce Them

Unlike other insurance getting a self-employed health insurance is not easy. Almost all types of self-employed insurance are expensive especially if you also want your family to be insured.

Moreover, finding this kind of insurance is not easy because you have to look for an insurance company that will suit you and your family’s life style and at the same time it won’t cost you that much. People who have an employer usually have a group discount when they get one that is offer to them by the company they work for.

You won’t have this kind of benefit if you’re a small business owner or a self-employed professional. But there are also those insurance companies that offer affordable insurance for self-employed persons that will also suit their budgets.

  • If you work alone and does not have any employees then you should look around for some insurance companies are offering affordable insurance which you could avail. They can offer you indemnity or manage plans which will cover the health care that is if the insured find doctors that is contracted by the insurance company. Here are some tips and advice for you that want to get insurance.
  • If you wanted to get an insurance plan first you have to go to the department of insurance in your state and get a list of the insurance company that are legal. The insurance company must licensed by your state in order for them to operate.
  • Find a company that has a higher rating and are well known that offers a self-employed health insurance not only in your state but also nationwide. You should also check the feedbacks of the clients for the insurance company you have chosen.
  • The same as all other insurance if you want to have a lower premium you should aim for a higher deductible in order to lessen your premium rate.
  • You also have to be cautious in finding insurance especially on the internet for not all website on the internet can be trusted. If you don’t want to fall victim to these fake website you have to check first if the website can be trusted. You could check them on BBB.
  • There is affordable self-employed health insurance that is offered but if you have a preexisting illness then you should expect that the cost of your premium will soar, sky high.
  • There are these, what they called medical discount cards that are usually sold as a health insurance. But this card only gives discount to medication and the doctor’s fee; they don’t help you pay for your medical expenses. Getting health insurance is important for it helps you cover for your medical expenses when you are caught in an unexpected accident of when you are injured. Also self-employed insurance can be deducted from your self-employment tax and income tax up to 100% (but check with a financial professional before making any deductions).


    Bad Credit Financing is Available to Those Who Need to Borrow Money

    Bed credit financing is available to those that need it. However, you may feel that you are out of luck. Perhaps you have heard others say that because you have bad credit you can’t get a loan. Or, maybe you have tried to apply for a loan at a couple banks but you were turned down. This can be a very depressing experience. However, there is an option for you.

    There is even bad credit financing available for people who want to buy a car. Do you have a bad FICO score? No worries! You can get approved for a car loan. There is one catch, however. The lower your credit score, the higher the interest will be on the loan. This is the string attached. If you insist on getting a loan, I would suggest you use this opportunity to restore your credit as well. That means instead of getting your dream car, you need to look for something really inexpensive. Then borrow the money necessary to buy it and then pay off the loan on time each month. This is a great way to restore your credit.

    So, how do you go about doing this? The first step is not to think about the car you want. Rather, you should first consider your current income and then ask yourself how much of a car payment you can afford each month. Don’t stretch yourself to the limit. Give yourself some cushion in case something happens.

    Next, seek out a car that isn’t a lemon, but yet doesn’t cost a fortune either. A car over five years old should do the trick. Ideally, you want to be able to pay it off in three years max, not more. It would be even better if you could pay it off in one or two years.

    Now, as you go through this process, there is the possibility of becoming depressed because your finances won’t allow you to get something that you want and is really nice. Do not get discouraged. You need to think long term. Keep reminding your self that this is only for a little while until you can get yourself back on your feet.

    Finally, it is time to get the loan. Luckily, even though you have bad credit, there are bad credit financing loan companies out there tripping over themselves for your business. There are whole directories of loaners that you can look through. You should pick three or four loaners to apply to. Don’t be afraid to play them off each other a little. Remember, you don’t have much room to bargain because of your credit. However, telling one loaner that another loaner is giving you a better offer may be enough to get them to come down a bit.

    Bad credit financing is available to you. However, before you take out a loan, first make sure you have a plan to pay it back. Don’t just accept the first loan you get. Make them compete so you can get the best rate and use the experience to restore your credit.


    Is Buying Reviews an Ethical Business Practice?

    As soon as you throw around words like “Ethical”, I get ready for a lecture on morality and religion. That is not the intent of this article. However I will provide you with a sliding scale and you can impose your own sense of ethics and morality to determine which end of that scale you are comfortable with. I am quite convinced that ethics is a sliding scale affected by Risk, Reward and Motivation.

    · Risk = Likelihood of punishment

    · Reward = Size of the prize

    · Motivation = Emotional drive derived from positive or negative circumstances.

    As an example, if you ask most people if they would eat food from a dumpster, most would say “Hell No”. However, as your hunger grows and your options for something better recede, your willingness to partake of the dumpster dining experience will grow.

    When it comes to reviews there is the obvious question of what will reviews do for me. I believe there are four primary benefits for reviews:

    1. Ego boost for the business owner. “They like me!, They really like me!”

    2. Social signals to the search engines that people are engaging with your company. This tends to effect ranking to a small degree.

    3. A visual indicator that makes your business listing stand out. In the instance of a Google listing, the 5 yellow stars show up after you get 5 reviews and that makes your maps listing more noticeable and more likely to get clicks or calls.

    4. Positive affirmations to your new potential customers that others have found what you provide to be of value.

    Obviously, the fourth is the primary factor of interest. 60% of online shoppers look at reviews before making a decision. Refer to link at the bottom.

    Most business owners already know this. So, reviews are something that business owners want. However, I’ve seen a lot of confusion about where the reviews should be placed and how much value and weight they carry. The primary value is based on credibility from potential customers and possibly search engines. Here are where most of the reviews end up and the value that they carry.

    · Company Website: Written Review – This type of review carries no weight with search engines and very little credibility with potential customers because everyone knows you control the website and you can put anything you want on their regardless of the truth of the statement or if the customer is a real person or not.

    · Company Website: Video Review – This carries more weight with your potential customers because people can see that it is a real person and not just a creation of your imagination. They still don’t know if this person is actually a customer of yours or just a good friend that owes you a favor, but it looks more realistic. Many times these types of reviews are great for a specific product page or the page that discusses a service you provide.

    · Google Plus: This tends to carry more weight with potential customers because they know you can’t delete a bad review and it is slightly difficult to fake the reviews.

    · Yelp: This tends to carry more weight than Google reviews because it is even harder to fake these reviews and you cannot delete bad reviews from this forum. This review platform carries a lot of credibility with Google as well. Yelp has a loyal following and there are a lot of people who use that instead of a search engine.

    · Facebook: It is good to have the stars and a written review on Facebook because there are loyal Facebook followers that give this platform credibility. Although you can’t delete bad reviews from Facebook, it is not a well-known fact.

    · Yellow Page or Dex: It is good to have at least one review on this platform because it tends to influence that group of people who like to use this search tool.

    · Other places that you may want to have reviews include: Citysearch, Manta, Superpages, Kudzu, Best of the Web, and Better Business Bureau. If you can get reviews on Angie’s list those are pretty solid because they are nearly impossible to fake.

    Now that you know the value of reviews and where to put them it’s time to address the original question of should you “pay” for them?

    As you may know, it is against Google’s terms of service to pay for reviews: “Conflict of interest: Reviews are most valuable when they are honest and unbiased. If you own or work at a place, please don’t review your own business or employer. Don’t offer or accept money, products, or services to write reviews for a business or to write negative reviews about a competitor. If you’re a business owner, don’t set up review stations or kiosks at your place of business just to ask for reviews written at your place of business. “

    Yelp doesn’t even want you to ask customers for reviews!

    Those are some of the more strict rules for reviews. Most of the other business listing sites where you can put reviews are much more liberal in their policies.

    To keep this simple, let’s just use these categories regarding ethical standards.

    1. Morally Ambiguous – You bribe, cheat, steal and take blackmail photo’s to get any and every review you can squeeze out of people that are not even your customers.

    2. You “encourage” clients to give you a review on the part of the web that will benefit you the most.

    3. You just let karma take care of you by allowing whatever happens to happen.

    Option 1 might work for most areas on the web, but not Google, Yelp or Angies list. Those three review areas will either not let it happen to begin with, or they will delete your reviews or your business listing completely.

    If you think nobody will find out, try putting your offer in print and find out how quickly your competition sends it to Google or Yelp.

    Option 2 is the grey area that should be looked at in more depth.

    Option 3 will most likely result in not much happening at all, because people are busy and more often than not can’t be bothered. The exception to this rule is foot and drink. For some reason everyone wants to tell you what they had to eat. The other thing to consider is that when a customer is happy with you they will tell nobody and when they are mad at you they will tell everybody. So, negative reviews will take care of themselves.

    Regarding option 2, there are a few things that people have done to get reviews.

    · Offer a discount for services if the customer does a positive review before they leave. This is an effective process, but nothing will stop them from deleting the review after they leave. As for the ethics of this, I’ll leave that up to you.

    · Ask the customer for a review via email. It is fairly common for a business to email their list of clients requesting a review and offering instructions on how to do it.

    · Asking for reviews through social media. Same as above, just different delivery.

    · Getting a customer to give a review on their cell phone before they leave. Very effective.

    · Having a drawing for a gift if the customer can prove they did a review. Although this is in violation of the terms of service, you can decide for yourself if it is ethical.

    · Offering a gift if the customer gives you a good review before they walk out. Same as above.

    · Asking the customer how they feel about your service before they leave and getting them excited about the result before they leave. Then ask them to help you out by giving you a review on the platform of your choice.

    The most useful thing a business owner told me about reviews is, “Excited customers give reviews, and satisfied customers do not”.

    So, whatever ethical course of action you choose, I would recommend a high level of excellent service and don’t be afraid to encourage your customers to share their experience online. It doesn’t hurt to ask and most people are way too busy to just do it on their own. Some will ask you for help because they don’t know how, in which case, you should have a written walk through you can give them that illustrates the process.

    Just a brief warning: Do not have a person use your internet connection to give you a review on Google. They will see multiple reviews coming from your IP address and will delete them. Also, do not get 10 reviews in 1 day. Google will also delete those as well.

    Steve Tamulewicz 7-21-15