Safeguard Your Investments Against Inflation

It used to be that gold was standard of most world currencies, but this began to change around one hundred years ago, when governments began to transition away from currencies backed by precious metals to a “fiat” system, where currency is instead controlled by a central bank and the faith in the country by world markets. Prior to this, in for example the United States, all metal currency was actually made with precious metals which had real intrinsic value, and you could trade your paper money in for the gold equivalent at any time.

The fruits of this change are apparent in most countries today, whereas even when that country is performing relatively well, inflation has still drastically altered the buying power of that country’s dollar. The good news is that there is an easy and simple way to protect your investments from this kind of loss of wealth. It’s not a new kind of investment strategy – far from it! In fact, it might be the oldest investment strategy in the world. And contrary to other methods of protecting your assets, it has also never failed.

To delve into this question further, we will explore the topic of what money actually is. When you ask most people this question, they’ll reach into their wallets and pull out a twenty dollar bill – but that’s not quite correct. In the United States, paper money is printed with the notice that it is a “Federal Reserve Note,” which is not actually money, but “legal tender.” That means that even though it isn’t backed by precious metals, it can be used to satisfy debts and pay for goods and services as long as the government that backs it is stable. It’s not redeemable for gold or silver money – just a promise made with ink and paper (or plastic, depending on which country you live in).

That’s why, when times get financially tough, smart investors do what they have done for literally thousands of years, which is to buy precious metals from a reputable firm such as Guildhall Wealth Management, which has been helping their clients do just that since 2002. There is no better way to protect your wealth, because gold and silver never lose their intrinsic value. Unlike modern currency, physical assets can’t be created out of thin air, so there is no corresponding “inflation.” And as a demand for these materials grows, either due to new manufacturing techniques or rising instability around the world, they can actually increase in value at a much faster pace than other investment types!

The financial experts at Guildhall Wealth Management will tell you that there are numerous reasons why purchasing precious metals is a good idea when diversifying your investment portfolio. For instance, contrary to what most people believe, inflation is not a normal function of time. In the United States, the amount of goods and services you could buy in 1936 for 100 dollars would cost you around $1,800 today in 2016. That is, of course, using currency – but if you used gold or silver it would cost you exactly the same. That’s why the best way to protect your assets for your retirement is to concentrate some of your wealth in precious metals. If you live in Canada, now you can even buy gold in RRSP through Guildhall Wealth Management. There’s perhaps no better way of ensuring the safety of your assets by backing them with real money!

Don't Let the Little Things Throw Your Budget – Get a Small Dollar Loan

There will always be unlucky months when nothing seems to go your way. And we’re not talking about spilling your morning coffee on your freshly ironed shirt kind of unlucky. Unlucky as in everything around you costs money. You name it, there’s a charge for it. Between your monthly necessities and all of those additional unforeseen expenses, there’s not much left of your paycheck – or your savings! When home and auto repairs, your children’s school fees, and trips to the doctor spread you too thin for the month, you need a little extra help to get you through your unlucky patch. A loan is what you need, and one that can provide you with the money you need fast.

Don’t Bank on It

Banks are typically the first source that springs to mind when it comes to loans; however, these traditional lenders don’t always operate in the time that you need them to. Their process is a lengthy one that can take as long as a few weeks or even a couple of months. You’ll have to make an appointment with a financial advisor, during which they’ll assess your financial history and credit score. From there, they’ll speak with supervisors to see if they can facilitate a loan for a person in your standing. It naturally takes time to communicate your financial situation to this many people. Should they come back with a refusal of your application, that’s time wasted.

For those people with small incomes or bad credit, the chances of a refusal are likely. Traditional lenders don’t typically offer lending programs that are suited for those with limited salaries or a rocky financial history.

Apply Online

When you have the makings of a perfect storm – a tight time limit, bad credit, and limited income – your best option for a loan is through a direct online lender. These lenders do the majority of their business online and require no elaborate appointments or application processes. In order to qualify, you don’t need to submit a lengthy financial portfolio or your credit score. You need only be an American citizen (or resident) who’s over the age of 18 with a valid email address, source of income, and bank account. You’ll provide this information over the Internet. That means you can apply whenever it’s most convenient for you – whether that’s during your lunch break, while you watch your child’s soccer game, or at 2 o’clock in the morning. As long as you have a computer and Internet access, you’re good to go.

Choose Accountable Loans

Convenience and speed can only go so far if you sign a contract with a predatory lender. Don’t let these features eclipse the overall reliability of the lender. Not all direct online lenders have your financial health at heart. They’ll offer you large loans outside of your means with rates and terms that you can’t possibly budget for. Only contact those lenders that offer loans that work within your financial limits. This means their products are no greater than $1,000.

The exact size of your loan will depend on where you live, as your state has implemented laws and regulations regarding the kind of loan you can apply for. These policies will also affect your repayment terms. To see what sort of loan you can qualify for according to your state, check out Moneykey.com/direct-lenders-online.php. With a license issued by 9 states, MoneyKey provides flexible small dollar loans or lines of credit for a variety of people in your exact situation.

Your situation: a tough break of financial hardships. Just because you’ve been hit with too many bills at one time doesn’t mean you should be punished for it. Stay on top of your finances and get through your unlucky streak with a small dollar loan. When it comes from a credible direct online lender, you’ll be back to normal in no time.

Some Advice for Those Considering Bankruptcy

When you or your business is facing mounting debt, it can sometimes be hard to look at the problem head on. Other times, you’ve taken all the necessary steps like cutting down on your bills and outgoings, but it still isn’t enough. Once you believe that you’ve done everything that you can to mitigate your debt problem, your only option may be to declare bankruptcy.

Check that you fulfill the criteria for somebody that should declare bankruptcy. The American Bankruptcy Institute suggests that people who have experienced wage garnishing should file. Also, those people who have unsecured debts on credit cards should consider. As well as those who are suffering harassment by debt collection agencies or are subject to legal action. For more advice head to http://dovebankruptcylaw.com/.

So what advice is out there?

Evaluate Your Financial Situation

The first thing that you need to do is take stock of exactly where you are financial. Bankruptcy should be a last resort, so it’s worth checking whether there is anything you can do right now to pull back from the brink.

Even if you can’t resolve the problem because the debts are too big and the income too small, you can try to find out what went wrong in the first place. Was it just frivolous spending? Have you not effectively budgeted for unforeseen expenses?

Get A credit Report

If you go to www.annualcreditreport.com you can get a report on who you owe what money. Remember, bankruptcy doesn’t actually clear the record of debts itself even if creditors are no longer contacting you.

And here’s the problem. If you begin the process of filing, but don’t include all your creditors you won’t clear the debt and you’ll have to restart proceedings. Bad news.

Tell Your Creditors You’re Filing

When you file you should inform all your creditors of your decision. Tell them the name of your attorney and the district in which you’re filing.

The law requires that they stop all forms of debt collection correspondence with you if your petition is successful. This includes phone calls, letters, and emails.

Go For Credit Counseling

In the US, it’s a legal requirement for those filing for bankruptcy to undergo credit counseling. This is usually with a government-certified counseling agency. A good idea is to do this sooner rather than later so that you don’t hold up bankruptcy proceedings. Most people try to do this about six months before their day in court in order to prevent any legal hurdles.

Plus, it’s usually a good idea to find out what the original problem was. Perhaps the reasons were purely financial. Perhaps bankruptcy was the result of addiction or some other compulsion to spend. Getting to the bottom of the problem means that you’re less likely to suffer in the future.

Find A Legal Representative

Finding the right person to represent you in court is important. It’s risky to file for bankruptcy on your own. They will be able to take you through all of the costs and benefits, and tell you when is the best time to file.

Financial Considerations for Property Investors

Investing in property is a great way to make money, but there are considerations that have to be made as well. You can’t make money unless you know all the financial hits that are going to be coming your way.

Rental Rates

Deciding how much rent you are going to charge is one of the big considerations for investors. This is how you make your money if you are a buy to let investor. You need to make sure that you are charging enough in rent to make sure that you cover all your costs and make enough money. You should decide on a percentage of the amount you originally paid for the home that you will charge to the tenant in the form of rent. This is known as the rental yield. And if you set the rate too low, you will find that you never cover your costs, and that’s not a good thing at all.

Capital Gains Tax

If you are the kind of investor who buys a home, makes some improvements and then sells it again, you will pay capital gains tax. You need to understand how this works because you will have to pay the tax, and that could affect your overall bottom line. Follow the link to find capital gains tax examples. The capital gains amount is the amount of money you make when selling the property that you previously bought. So, the bigger your profits, the bigger your tax bill at the end of it. As long as you’re aware of all of this and factor this into your overall calculations, you should be fine.

Small Costs

There are many minor costs that are associated with buying and selling a home. For example, there are all the costs and fees that are associated with buying a home and using an estate agent. Those estate agents are not going to work for you for free, so they’re going to demand a fee. And then there are lots of other things like stamp duty and land tax. Also, it’s a good idea to have a survey of the home carried out to make sure that it is 100% structurally secure and habitable for the tenant. That costs money as well. Finally, when the property switches hands, there are the conveyancing fees that you have to take into consideration too.

Property Maintenance

When you are a buy to let landlord, you are responsible for the upkeep of the property. This is very important because the law says that the landlord has to offer a safe and adequate home for tenants. All those small kinds of maintenance jobs become costly over time. You need to learn how to budget for these maintenance jobs because sometimes they can come out of nowhere. If you don’t have a bit of money set aside for these kinds of tasks, you can quickly run into financial problems. So, you should make sure you are prepared for everything that could be thrown your way.