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Money is something that everyone needs to pay their bills. Gone are the days when we could get by without money. Everything revolves around how much money you have as to what you can have. What kind of lifestyle are you living? How many cars are in your driveway? Are the cars in your driveway less than 2 years old and is at least one a top of the line BMW, etc. They used to say, ?Money is not everything?. Now You Can Not Even Buy Love Without It!?

The more dependent we become on the Almighty Dollar it seems it becomes that much harder to get a hold of. Everyone these days is trying to figure out how to make more and have more. It just seems enough just is not enough. It seems justifiable to max out our credit in order to live a better lifestyle. We all want to live in better neighborhoods so our kids can attend better schools. But sooner or later the bills start catching up and we do not know what we can do. We Need To Learn About Money ? Most Important Thing To Learn Is the True Sources of Money ? There Are Only 2!

To obtain money the first source we need is time. There is no such thing as a Money tree. Money does not grow on trees, it is not hiding in the bushes, and there is no such thing as ?get rich quick?. If you and I are going to get our share of money then we are going to have to look to the source of time. Time Invested Will Bring Us Our Share of the Money That Is Ours To Claim!

One aspect of time is building our business using other people?s money. We may need to establish a line of credit in the beginning to build our business. This is something we need to be very careful with but can be a great way to get the business going and established. Many people have started their business this way. I have a quote for you, ?It Is Hard to For Get a Woman When You Buy Her a Gift on Time!? Credit (Time) Can Buy You the Time You Need to Get Your Business Established!

All of us need to realize that there is no such thing as getting rich overnight. But we can become very rich Over-Time. It takes time and patience to build anything whether it is physical, mental, or spiritual. Another quote for you, ?Rome Was Not Built in a Day!? Everything Takes Time!

When it comes to building a building first you must level the ground, build the foundation, etc. Literally you must start the building from the ground up. Have you ever seen a building built any other way? By the time the building is built a certain period of time has elapsed. It Takes Time to Build A Building or Anything Else!

In order to build your Home-Based Business you must put in a reasonable amount of time and start from the ground up. You must learn your business. What does it take to build this business? What is your investment? Are there going to be business models or those that can teach you what they did to build their business? You Need A Blue-Print of the Step-By-Step Procedure!

Here is another quote for you, ?Time Is on Your Side and Time Is All You Have.? I do not know about you but I have more money than I have time is true. Time can be our friend or it can be our worst nightmare. Time is definitely 1 source for obtaining Money!

Invest a reasonable amount of time into your business to allow it to germinate. A Network Marketing Business as an example needs a good 3 to 5 years. If you have the proper marketing tools to build (market) your business then 3 to 5 years can build you a very lucrative Network of people. Now this Brings Me to the Second Source Read more…

I wrote previously urging anyone who still has a credit card that does not give them a ?reward? for using that card to convert to a rewards card or switch to a credit card provider that has a rewards program. The reason? If you are going to use a credit card you might as well get something out of the experience. Of course, a rewards card makes no sense for the person who doesn?t pay off their card every month as the interest on the card will likely offset any points accumulated. So, if you are a savvy consumer who lives debt free you can accumulate points quickly and get some nifty stuff. Let?s take a look at one plan and how to make it work for you.

Alright, I am not going to reveal this particular provider?s name. However, I will tell you something about the program. If you spend a dollar on mostly anything, you accumulate a point. It is that easy. Moreover, this particular provider is automatically bestowing 500 points on new users for just using the card once within the first 90 days. Not bad, especially when you only need 2000 points to qualify for merchandise, cash credit, or travel.

I realize rewards programs vary and this particular one allows for users to accumulate an unlimited amount of points per year. You must, however, redeem them within five years or start to watch points drop off.

So, just what can you get with only 2000 points? Here are some examples:

A $15 Pizza Hut gift card or gift cards from one of four other retailers.

Sony Open Air Headphones.

What?s more is that you can see your points add up for even bigger and better prizes. Here are some examples:

At 5000 points you can receive a $50 Hertz certificate.

At 10,000 points you are eligible for a free night?s stay on a weekend night at a Wyndham Hotel.

For 20,000 points you can get a $200 cash rebate on your credit card balance.

For 50,000 points you can get Read more…

Reward credit cards or loyalty cards earn their owners certain incentives in terms of cash back or redeemable reward points. These benefits and reward points keep mounting as more charges are applied to the card, i.e. more you spend more you get. The best-known reward cards are those that offer frequent flyer miles or cash based upon the amount of purchases made with the card. There are numerous companies that offer you ?fantastic? or ?unbeatable rewards? for the privilege of providing you with their credit card, however, which card you use should be chosen carefully.

Annual Fees

Convenience users or people who use credit cards for frequent purchases reap the maximum benefit out of reward credit cards. Many of these reward credit cards come with an annual fee, sometimes higher depending on your ?reward? level. This fee should be taken into consideration when estimating any future reward level. Consider the kinds of reward schemes being offered and the minimum amount you need to spend each month in order to avail the reward bonuses. Analyze your spending habits, since the level of spending determines the level of benefits earned.

Golden Rule of Reward Cards

There is one golden rule concerning any type of reward card, whether it be an affinity credit card or cash back, you must pay the balance in full every month. If you do leave a balance and interest accrues on this it will negate all benefits that you received from the card, in fact it could end up costing you more in interest than you earn with rewards.

Which Reward Card?

These credit cards do not just earn you flyer miles. You can earn reward points redeemable against discounted or in some cases free gasoline, gift certificates for merchandise at particular retailers or for general online use, and even discounts on Read more…

Nowadays almost everyone has one, almost everyone has used one and many more are looking to change theirs. What are they? The answer would be a credit card.

You might ask yourself do I really need a credit card?

Credit cards have many advantages, the first one being that they give you the luxury of buy now, pay later. Avid shoppers can even get a number of incentives due to redeemable reward points, free air miles, cash back on purchases and more, all through a reward credit card.

Online

The internet has changed the way retailers sell, add to it the luxury of credit card use and what you get is the complete convenience of shopping directly from the comfort of home. The credit card company should cover you and you will not be held liable for fraudulent use of your credit card online. You should check the terms and conditions of your credit card agreement for these details.

Abroad

Moreover, you can make purchases using your credit card when you go abroad without having to care about the hassles of currency exchange because that is for your credit card to think about. Plus many credit cards offer payment protection. A major drawback of this would be that it will cost you extra every time that you use the card abroad, normally a flat rate of around 3% on the transaction cost will be added to your credit card balance.

Emergencies

Credit cards prove to be a boon when you think of emergency situations. God forbid, you meet with an accident. You do not have enough money at that moment. What will Read more…

Gold credit cards are special privilege cards that are traditionally offered by credit card companies either to high earners or to their loyal customers who have a good credit history. Traditionally they are considered to be status symbol because they are associated with high annual income, which offer added services and benefits.

Gold credit cards are beneficial if you are a high spender seeking associated benefits such as free air miles, cash back, reward points etc. These credit cards give you the added advantage of high or no credit limit. Though generally the credit limit is quite high still it depends on your annual income and your credit rating. Companies will certainly not offer a gold card to people with a bad credit history or to those who have low income.

The credit card companies will generally offer a better service and many more benefits to these privileged customers. Additionally, they have lower interest rates as compared to that of standard credit cards. Generally, there are low or no annual fees on Gold credit cards. View your statements, pay your card balance and transfer balances. There is an online fraud guarantee, so you’re not responsible for any unauthorized purchases.

Gold credit cards main features:

Payment protection plan protects in case of involuntary unemployment, accidental injury or sickness.
Card protection Plan protects your account in case of loss Read more…

Platinum credit cards are generally offered to those individuals with good credit ratings and an income of around ?20,000 per annum or more. Platinum credit cards have many benefits and features compared to a standard or gold credit card. Conventional school of thought would find platinum credit cards to be a status symbol. However, relaxed rules and upper limits have brought them within reach of the average person too.

A platinum credit card can be a good choice if you frequently use credit card for your routine and high purchases and pay back the whole credit at the month end. You get a high limit of credit and sometimes no limit at all if you show a high earning power of annual income ?25,000 or more. However the actual high level of credit you?ll get depends on your income and credit rating.

Platinum card owners are privileged because they do not have to pay the usual high interest rates on credit. Generally there is a low or no annual fee. You can get a number of benefits and rewards such as free air miles, discount points, reward points for purchases and cash back. If you cannot make the most of platinum card deals it is better to opt for standard credit card. Since, maintaining a platinum credit card can prove to be a costly affair in the long run if not used and managed properly.

A Read more…

Lets stop snoozing and start ?stoozing?

Do not think that we are trying to get you involved in any criminal activities here, we?re not and the whole process is legal and above board and will give you the chance to get one over on the credit card companies, who have been relieving us of our cash for many years now.

First of all you will be itching to know what ?stoozing? is, well the way that it works may sound a little complicated, but when put into practice it is a lot easier than trying to explain.

Step 1

This is how it works, what you have to do is to apply for two separate credit cards that are giving you a introductory deal with a 0% interest free period and make sure that one of your new credit cards will let you transfer your credit limit into a bank account. So make sure that you have opened a high savings account at your bank, if not then putting the money into your current account will be fine, until you can open up a savings account afterwards.

Step 2

Then you come to the second of the two credit cards and this where you may find that things become a little confusing. If the second credit card does not have the facility that lets you transfer the cash from the credit card straight into the bank account, then here is what to do, ask the issuer of the second credit card to balance transfer from the first card onto the second credit card, this is a back to front way of doing things but this will move money from the second credit card to the first one. This transaction is regarded as moving a negative balance on to the other credit card, so will work in reverse. Once completed all you have to do is ask the lender of the first credit card to transfer this balance to your high interest savings account.

After you have navigated all of this, you will now be in possession of a bank balance that is gathering interest, with the satisfaction of knowing that the money that is making you money, has come from a couple of credit card companies, who have given you an interest free loan.

Remember to pay the minimum payments!

All of this doesn?t come Read more…

We are getting to this time of year again, when your credit card is used a lot more than at any other time of the year. So much so that if it is not the credit card that is screaming for mercy then you will be when that first credit card statement after the festivities, falls on the doormat.

So what are the things that we can do to make this time of year be such a pleasure, that we are not dreading the Christmas period next year?

Make repayments cover the interest?

Here is a few suggestions that you should follow to make your Christmas remain white and not for it to cause you to go in to the red. Firstly, learn to know when you are over spending and you can see that you are accumulating debt that you cannot sustain. The first signs of this will be when the repayments that you making to your monthly statements, are only covering the cost of the interest charges. Check this out, for example if you are paying ?200 towards your bill each month, look to see how much of this cash is actually going towards clearing the balance and how much is going on interest payments.

Stay away from minimum payments?

Secondly, do not stick to the minimum payments set by the credit card company, this will only see you slide further into debt at a much quicker rate. The credit card issuers have in recent years lowered the minimum payment; it now stands at 2% or a minimum of ?5 of the total bill, this has dropped from the 5% that used to be the norm with repayments. The credit card issuers have looked to maximise profits by giving their customers they lower minimum repayments, meaning that they could spend more. This though is a false economy to the customer, as it only means that the less they pay back the more that the credit card companies make in interest charges.

This will lead to you struggling to actually reduce your debt, with the minimum payment being all that you can afford, if this is the case, STOP using the credit card immediately and look for ways in which you can reduce the debt as quickly and pain free as possible.

Use a 0% balance transfer card?

One way to do that is with a 0% Balance Transfer. Most credit cards are Read more…

Whether you are Working at Home, a salaried Professional, are Older and Wiser, or at any stage of your life, your credit can be good, or bad.

No matter what you think it is, i.e. you pay your bills on time so you think it’s really good, you should know as much as you can about it and how it can affect you.

Seventy percent of Americans have never seen their own credit report or credit score.

Do you know that you have a credit score?

It’s usually referred to as a FICO score.

Being a Mortgage Consultant, Mortgage Broker, I’ve seen many credit reports and I am often surprised by the fact that my clients either don’t really know they have a credit score, or they don’t realize how much it can hurt them if they were inattentive to the numerous factors that make up a Credit Score.

The FICO score is a summary of your credit history. In other words, it’s a financial history of your life.

That score impacts a surprising cross-section of life, in fact it impacts many things you knew about. Such as;

? Lenders use it to evaluate your eligibility for mortgages.

? Landlords use it to gauge the likelihood you’ll pay the rent.

? Car dealers utilize it in arrange financing for you.

? Credit cards are, or aren’t, given to you because of it.

Now, for some things you may not have been aware of,

? Insurance companies may base your premium on it.

? Potential employers often use it to assess your character and they may base there hiring decisions on it.

The FICO score reflects hundreds of parameters in one’s financial history.

? Score 700-850 – smooth loan process; best interest rates

? Score 550-699 -medium risk; higher interest rates

? Score 300-549 -sorry, no loans or credit cards

These hundred of variables are included in the calculation of your credit score, but I only mentioned the bigger ones here.

Just paying your bills on time, as important as that is, may not rescue you from other credit pitfalls.

Bills, mortgages, your monthly rent, credit cards, long overdue or overlooked, can show up as a blotch on your credit.

? A cable, or credit card bill, that didn’t make it to your new address, or you Read more…

In recent years there has been increased emphasis of the need for financial service providers to ?Know Your Customer?. This has come to refer the need to obtain satisfactory proof of identity and address documents and to take up references and may in some cases have obscured the necessity for such persons to have a greater in depth knowledge of their clients, their assets and their activities. Why, you may ask? One reason is that such knowledge is invaluable in ensuring that any advice given is appropriate to the circumstances and another that the advisor is increasingly at risk of prosecution if the tax authority already has information relating to a possible fraud and which the advisor might be expected to discover if it is conducted thorough due diligence.

In the U.K. the tax authorities take the view that offshore structures present a major risk of serious fraud and devote considerable resources to uncovering such arrangements and adopt an increasingly robust approach to existing reporting requirements. We outline some of their methods in this article and although reference is to the U.K. this is a subject, which is equally relevant to other countries, which also adopt sophisticated methods and allocate extensive resources for the same purpose.

Undisclosed offshore banking accounts

The Offshore Fraud Projects Team (OFPT) is seeking information from financial advisors about their customers and the movement of funds offshore. In particular, it is asking banks for information in respect of customers? for whom they have moved funds offshore using third parties or suspense accounts, thereby bypassing the customers? own accounts.

The OFPT is also writing to taxpayers whom it has reason to suspect have offshore banking accounts, enquiring why there is no tax liability in respect of those accounts. The holding of such accounts is not itself evidence of fraud but in the absence of a prompt reply, a formal investigation may be opened.

Offshore credit and debit cards

Following the example of the U.S. Internal Revenue Service, the tax authority is establishing a project to identify taxpayers who have credit cards or debit cards issued by offshore banks, investigating the use of those cards in the U.K. and obtaining information directly from the credit card companies.

Once again, possession of a card such as these is not evidence of fraud, but it is another way of obtaining additional information. Persons who are resident in the U.K. but not domiciled there, will need to be extra vigilant and ensure that use, in the U.K., of cards issued offshore does not inadvertently constitute a remittance for income tax or capital gains tax purposes.

European Saving Tax Directive

The Directive requires paying agents (banks etc.) to report any savings income they pay to individuals resident in a prescribed territory. Prescribed territories are the 25 EU member states, Aruba, British Virgin Islands, Gibraltar, Guernsey, Isle of Man, Jersey, Montserrat and the Netherlands Antilles. Paying agents in these territories make similar reports thereby establishing a network for the exchange of information.

Existing reporting arrangements

These are under close scrutiny. The objective is to identify unreported offshore structures, how they were funded and where their income arises and to check Read more…