Forget Gold! Check Out the Many Uses of Silver in Today’s World

silver money

Remember how for a while the sky was the limit when it came to the price of gold? Well ... as they often say, unfortunately all good things must come to an end. 2013 was a bad year for bullion. We're a long ways away from the high of $1,731 that the year started at.  And what's worse is that it is still performing poorly today, thanks to the anticipated interest rates hike in the U.S. But even if the prices of precious metals are declining, silver’s demand has increased particularly in India and China. Industrial demand is silver’s saving grace. Silver, apart from being a legal … [Read more...]

Selling When You Have To, Not When You Want To

structured settlement

Sometimes things get tough in life and you look for ways to obtain cash that normally wouldn’t seem normal. That is why you see payday loan signs and pawn shops in just about every city in America. When you sell something like your gold to a pawn shop you are almost certainly not going to get a reasonable value for it. There are too many situations where you hear about people who consign their goods and they end up never going back to get it. This is what we like to call “Selling when you have to, not when you want to.” The world of short term cash loans is a very similar industry where … [Read more...]

Trusted Online Payment Services You Should Look Out For

Trusted Online Payment Services

If you're still writing checks or using cash, then you need to get with the times! In today's age statistics show that more and more people uses the Internet to make purchases.  The fantastic thing about being able to make purchases online is being able to do so anywhere. That means you can access the best that businesses have to offer across the globe. This also means businesses can reach customers across the globe as long as they’re offering something that customers need, want, and value. Of course, this is why online payment service providers came into play. Online payment services … [Read more...]

Invest Your Way Out of the Rat Race – 5 Tips to Get You Started

rat race

The rat race grinds you down, doesn’t it? When do you ever get to actually enjoy any of the money you make.  You work 40 to 60 hours per week for money that just sometimes feels like it just goes to the bank, the taxman, your internet company, and the petrol companies. If you’re smart about your money, then you know that there are certain things you should be doing with it.  Having certain goals like saving for retirement or an emergency fund can be your safety net if anything should go wrong. Here are 5 tips to get you started with investing your way out of the rat race.   You can … [Read more...]

Are You Addicted to Credit? 5 Questions to Ask Yourself

addicted to Credit

Credit in and of itself is not a bad thing. A good credit history can help you get great interest rates on a car or mortgage.  Credit can give you access to things you might not ever otherwise purchase such as new household appliances, carpet, or renovations inside your home.  It can honestly be a part of any well-disciplined savings and financial plan. The problem is that it never ends there.  People abuse their credit and get themselves into all kinds of trouble.  If you don't think so, just ask one of the millions of college students who's managed to rack up debt before they've even … [Read more...]

What to Look for in Kids’ Savings Accounts

Kids’ Savings Accounts

Parents already know that one of their responsibilities in life is to teach their kids about money and how to save it so they don’t have to rely on credit when they need something in the future. In most families, kids have their first piggy banks by the time they are old enough to walk. At first, maybe you put in the money they get for their birthday or the holidays, but after a while, your child begins to understand that money is important and starts doing it himself. Before long, your child will come to you with a full piggy bank. The time has come to teach him about kids’ savings … [Read more...]

The BIG Advantages of a Solo 401k Retirement Plan for the Self-Employed

Solo 401k

When you're self-employed, you can feel like you're all on your own.  For everything. Fortunately when it comes to your retirement savings, there's a little known savings device for the self employed that is far more beneficial than a traditional 401k plan.  It's called a solo 401k retirement plan. A Solo 401k is the term for a one-participant 401k plan that is designed for sole proprietors, independent consultants and small business owners with no employees other than the owner and his or her spouse. Any business that is classified as an LLC, sole proprietorship, partnership or … [Read more...]

Pay Attention to the Self-Directed IRA Rules to Avoid IRS Problems

Self-Directed IRA Rules

No one wants to draw the ire of the Internal Revenue Service. It just isn’t a pleasing prospect to have to deal with the IRS if you’ve done something wrong. For this reason, if you have a self-directed IRA, it is necessary to know the self-directed IRA rules, which are different from the rules relating to other types of investment accounts. Traditional IRAs are accounts that allow contributions from the account holder with the purpose of saving for retirement. The decision on where to invest these funds are made by banks and brokerage firms or by the mutual funds chosen by the account … [Read more...]

Where to Invest 100k Like a Big-Time Billionaire

Where to Invest 100k

People who make billions of dollars are usually risk takers. They usually can’t wait to get out of school and get started living life. In fact, many billionaires choose to drop out of school, betting on themselves rather than an education. They also are more willing than others to gamble their life savings, again believing in their ability to generate wealth. And if they fail, they are more likely to do it all over again as soon as they can. However, once they make their billions, their willingness to take risks usually dissipates quite a bit. They are more concerned with investing their … [Read more...]

When Should I Retire?  How About When You Want To!

When Should I Retire

Deciding when to retire is a major event in most people’s lives. There are all sorts of questions related to when should I retire that is can become a giant jigsaw puzzle that has a hundred different solutions. You have to determine whether or not you have enough money to retire by estimating how much money you are going to spend in retirement. Then, you have to consider all income sources that will be providing you with income after you retire. If the numbers add up in a way that makes you feel like you could live comfortably without working, then you have your answer. If, however, they … [Read more...]