Tuesday, November 27, 2012

Visa Business Credit Cards

One of the greatest values of Visa business credit cards is that they offer value that has been time tested and continues to stand up in the market, indicating that Visa credit cards are some of the best in the market. No matter what type of business you have, when it comes to operating your business, you need to find business credit cards and other financing options that fit with the demands of doing business in a world that is increasingly financially complex. There are a multitude of different credit cards out there that offer lending options and financing options for small businesses and large businesses alike. Some of the best cards available are Visa business credit cards because they offer a multitude of unique rewards, benefits and programs that make doing business with your Visa credit card a real pleasure. Consider the options that you have available to you as we look at what Visa business cards have to offer.

By having the Visa logo on your side, you can rest assured that you will be able to use your credit card at virtually millions of different shopping locations online and off. This is not only important to individual consumers, but to business owners as well. In this customer oriented world, finding another way to make your necessary purchases if you find yourself at a retailer who doesn't honor your credit card is simply not cost effective for you or the business you are patronizing! It is well known that some credit cards like Discover and American Express are not accepted everywhere but Visa business credit cards are accepted everywhere. If you are committed to sending your customers home absolutely satisfied, then it should make perfect sense for you to demand the exact same thing from your credit card company and Visa business credit cards can offer exactly this.

Visa business credit cards offer a number of excellent features. For instance, if you intend to use your business credit cards for both personal and business expenditures, then you will benefit from the fact that Visa essentially "keeps your books" for you, creating monthly statements with both your personal expenses and your business expenses kept completely separate. Visa business credit cards also offer excellent tools for helping to keep track of your accounts and expenditures through special money management tools and support. Visa business credit cards offer accurate reporting tools helping you to keep your money matters straight and organized. Employee cards with individual pre-set spending limits and record keeping, unparalleled customer service and a host of travel, fraud prevention and purchase protection related features are some of the many other things that make Visa one of the best choices for small business owners.

Bottom line: with Visa business credit cards, you have one less thing that you need to worry about so you can get back to the business of running your business.

For more information about No Annual Fee Cards and Rewards Cards visit Businesscreditcardsource.com

Sunday, November 25, 2012

Federal Government Grants For Senior Citizens

Over the years, you may have heard that the United States government is continually offering different types of grants for different groups of people. But did you know that some of these grants are specifically crafted for seniors?

Further, many senior citizens qualify for government grants that are not specifically designed for them. And while many of the government grants that are available are for organizations that provide assistance and care to the elderly, there are many grants that are payable to individual senior citizens.

Finding Your Senior Grant

The types of grants that are available to senior citizens include housing assistance grants, debt assistance grants, educational grants, and grant money to help start a business, among others. Finding the grant that you qualify for should begin with a search through the CFDA - Catalog of Federal Domestic Assistance. The CFDA catalog lists thousands of available grant opportunities from all agencies and branches of the United States of America. You can request a copy of this catalog by mail or download a readable PDF version of the catalog at the government site for grants, www.grants.gov.

Grant Eligibility Requirements For Seniors

Although not all seniors will qualify for grants from the government, a large number will. Many of the grants and the grant money available for grants to seniors goes unused and unclaimed during the offering period and is simply turned back in to the general fund after a certain period of time.

Grant money is different than loan money because you do not repay a grant. The money is yours to use for the purposes specified in the grant. Your eligibility for grant money from the government will depend on which grant you are applying for, and eligibility requirements differ greatly from grant to grant. Some grants are income sensitive, which means that you must be low income in order to be eligible; others have no income limits or caps. The only basic and universal requirement for government grants for seniors is that you live in the United States and are a U.S. citizen, either by birth or naturalization, and that you meet the other specifications for the grant program to which you are applying.

Applying For Your Senior Citizen Federal Government Grant

When browsing the CFDA catalog, you will get a good idea of the type of grant that you wish to apply for. You can apply for as many grants as you wish; there is no limit to the number of applications that you can turn in. Read the guidelines for the specific grant that you are applying for carefully. Some grants may require that you submit documentation with the grant application, such as income tax returns, pay stubs or proof of income, personal identification in the form of a driver license, or other documents that are grant specific. Be prepared to fill out a lengthy application in most instances, and be sure to fill out the application completely. Applications that are partially filled out will be returned to you for completion, which delays the processing of your grant. You should also be prepared for the amount of time that can be taken to approve a grant application, as many of the most sought after grants often have a back log of applicants. You must also be aware of the deadline for the grant application as many grants are available for a short period of time. Missing the deadline will automatically disqualify you from being considered for your grant.

Thursday, November 22, 2012

Panama Banks Are The Most Secret in the World

Panama was once listed as a "non cooperative tax haven" but the tiny country has worked hard to shed itself of that outcast image. If you are interested in a Panama financial institution, you should educate yourself about the policies, processes, risks and features involved in doing business with a Panama financial institution.

Panama has recently tightened its anti-money laundering laws and has created a banking system that is extremely private and highly competitive, but it is monitored well by the international offshore banking community. Doing business with a bank in Panama is generally hassle free. You can rest assured that your assets are being managed in a reputable and safe banking jurisdiction.

Before the major reforms of the mid 1990s, Panama was home to over 150 offshore banks, but that number has been trimmed to around 80 banks. The remaining banks must adhere to strict banking and privacy regulations while at the same time ensuring that illegal activities are not allowed to happen.

Banks in Panama have many advantages over banks in other offshore jurisdictions. The only type of monies that are taxable in the Republic of Panama are those that are generated outside of the country. If you choose to incorporate your business in Panama, but you decide to conduct your business elsewhere, you can deposit all of your assets and earning into your Panama bank without being responsible for paying local taxes on your money.

Panama banks offer many banking services for the banking client that requires a number of different options for their business. There are three types of accounts that you can get at a Panama bank including; merchant accounts, personal accounts and business accounts.

Non-resident Panama bank customers can have Internet account access set up by the bank's management in order to access any necessary account information and in order to transfer funds to and from your Panama bank. It is also easy to apply for and receive a debit, ATM or credit card from a Panama bank to make access to your money even easier.

The majority of banks in Panama require that their potential customers have an initial minimum deposit which can be as low as 00 USD. Many banks also require that each account must maintain a minimum balance in order to avoid costly fees.

If you decide that a Panama bank is for you, you are able to choose many options. You can open a personal account or you can takes steps to incorporate an IBC or an offshore company. Be prepared to show your personal information and verify your identity by providing a notarized copy of your passport, reference letters and a drivers license or equivalent photo id.

Only you can decide if opening one of the many available accounts at a Panama bank is for you, but you can rest assured that Panama is no longer the place for shady business dealings. The Panama bank system has been cleaned up and offers savvy customers the opportunity to keep their money in a safe account while watching it grow with little tax burden.

Tuesday, November 20, 2012

Computer Equipment Leasing- Eliminating The Need For A Large Upfront Cash Outlay

To make the most of cash inflow is an art that any savvy business owner knows. But when it comes to justification of having the technology required to run your business without a huge upfront capital outlay, you should know ways. New technologies are constantly being introduced. As a result business conditions fluctuate and capacity needs change. And when it comes to leasing IT equipment, flexibility is a good thing.

To grow your business along with cutting down the expenses without significantly impacting the expenditures of the company, Computer equipment leasing is the answer. It has an extremely positive impact on one's business.

The advancements in the field are so high that technology depreciates faster than the blink of an eye. Every now and then, the software and hardware markets are buzzing with new technologies. It has been seen that computer equipments tend to become obsolete within 3 to 4 years. In order to sustain business, there is no option other than that of replacement. You can't afford to have out of date or worn equipment slowing your business down. To come out of this hassle of updating, computer equipment leasing offers an attractive means. It will surely cut down the expenses. The lease payment is converted into your monthly operating costs, eliminating the need for a large upfront cash outlay.

To apply for a computer equipment lease, follow the three steps given below:
Considering the need for current technologies, select the equipment(s) required.
Gather the key information of the company whom you have chosen for the deal.
Know the deal, apply and choose a term and the best-suited buy out option.
There are certain benefits of equipment leasing as

1.It ensures that your company will always have the most current equipment and technology.
2.You need little or no money up front for a leasing contract to be undertaken. This will help you from incurring any significant debt.
3.It can be classified as an operating expense on your income statement. It gives you the ability to claim your lease payments as a tax deduction.
4.One can easily obtain financing and external investment. This is because your business has lower liabilities. These liabilities can positively shift certain ratio valuations, including the debt-to-assets ratio, times-interest-earned, and acid test ratio. These favorable shifts can allow your company to more easily obtains financing and external investment.
5.Lastly, there is also an option of purchasing the equipment at a fair market value when the lease period is over.

Monday, November 5, 2012

Quality Over Quantity In Payday Loans and In Life

Payday loan lenders know that when it comes to loan terms, quality trumps quantity. Increasing the quantity of payday loan debt is discouraged by quality lenders. Quality lenders encourage borrowers to obtain only the minimum amount needed and to pay it off on time and in full. Quality payday loan lenders do not want their customers trapped in a cycle of acquiring a larger quantity of debt to pay off a debt. When it comes to payday loans, quantity is never a good thing.

This same principle often holds true for life in general. When individuals are trying to be frugal, they often purchase subpar, low-quality items, only to discover that said items were a waste of money. For instance, a shopper may buy an inexpensive pair of jeans to stay on budget, yet after one wash the jeans are faded, frayed, or misshapen. In such a case, the purchase was counterproductive; instead of buying a more costly pair of jeans that could last several years, the buyer opted for a cheaper pair that needs to be replaced continuously. In the long run, going the low-quality route ends up being more expensive than buying the quality product, as a larger quantity of the low-quality product is needed to serve the same purpose as one of the high-quality product. Instead of buying six pairs of low end jeans, the buyer is wise to invest in one pair of high-quality denim, which will last longer and fit better.

The same goes for home repairs. Doing something right the first time can be costly, but opting for a cheaper, half-done version ends up costing more in the end, as the job must be repeated a number of times. By abiding by the rule that quality is better than quantity, people can save themselves a lot of money and financial worry.

But quality items can be pricey. How can a person on a budget afford quality items and repairs so as to avoid the quantity trap?

Without breaking the bank, quality clothing and household items can be obtained in a variety of ways. There are many discount stores that carry high-quality clothing at a fraction of the price. All of these stores purchase overstocked and out of season items from designers, and thus are able to sale high-quality lines of clothing at reasonable prices. Deals on high-quality clothing can also be found at second-hand stores, as people from all walks of life donate clothing to these shops. Similarly, high-quality household items, such as furniture, can be found at second-hand stores, yard sales, and estate sales.

Home repairs are a little trickier. Unless a home owner knows a quality contractor, electrician, or plumber personally, acquiring quality home repairs is likely to be expensive. A home owner can avoid some expenses by doing minor repairs themselves, if they are qualified, but major repairs or renovations are best done by a professional. The upfront cost might be steep, but the long term costs will be significantly less if the repairs are done correctly the first time. A homeowner should read contractor reviews to ensure the highest quality repairs.

Similarly, when borrowing a payday loan online, a customer is wise to seek out the best terms and the most credible reputations; doing so may prevent a borrower from getting stuck in a cycle of acquiring a quantity of loans rather than one quality loan.

Wednesday, October 31, 2012

How To Find Auto Financing After Bankruptcy

A bankruptcy will harm your credit. However, it is still possible to get auto financing after a bankruptcy. The more current the bankruptcy the more it hurts you.

If it is possible, it is better to re-establish your credit before applying for another car loan. By doing this you can usually get a better interest rate and terms on your loan.

If you need a car right now then it is best to start saving your funds for a down payment and apply to the lenders who can help you get an auto loan after a bankruptcy.

Loan-To-Value Ratio

The amount of money you wish to borrow is determined by the loan-to-value ratio of the vehicle you want to buy. Your credit history and the percentage of the amount of money the bank will lend you determines how much you can borrow.

Someone with poor credit may only get a 60 percent loan-to-value ratio whereas someone with excellent credit can get a 120 percent loan-to-value- ratio. For this reason you may have to put more money down to get your car loan.

It's a good idea to start saving money for the down payment. If you end up with a high interest rate because of your low credit score, you may not be able to borrow as much as you want.

Subprime Financing

If you can't get traditional financing you may have to apply to a subprime lender who specializes in high-risk loans. Always consider your budget and how much money you have to put down before signing on the dotted line. It's always good to work with someone who is familiar with these type of loans so they can walk you through the process.

Tuesday, October 30, 2012

Rich vs. Wealthy: The BIG Difference

Is There a Difference Between Being Rich and Being Wealthy?

I have often thought over the past couple of years about the difference between being rich and being wealthy. Is there a difference? If so, what is it? And how do we become wealthy?

It seems to me that there is a big difference between being rich and being wealthy.

When I think about someone who is rich, I think about someone with a lot of money. And I typically think about someone who is quite showy with their money. They drive fancy cars and live in a fancy house. They wear fancy clothes and eat at fancy restaurants.

Rich people come into their money in a number of ways. They may inherit it. They may win the lottery. They may earn it in a few short years as a professional ball player or entertainer. Or they may invent a new mousetrap that is worth millions of dollars. Or they may simply earn it over many years as a professional or a business owner.

But doesn't this also describe a wealthy person? Is there really a difference? I believe there is a major difference between rich and wealthy. The difference is in duration. How long does the money last? Will it be gone once the person's earning power is gone? Will it be passed on to future generations?

What's the Difference Between a Rich Person and a Wealthy Person?

The difference between a wealthy person and someone who is simply rich is that a wealthy person has sustainable wealth. In other words, a wealthy person will always be wealthy, whereas someone who is merely rich will only be so for a short period of time until the money is gone.

Think about people in history who everyone would consider wealthy, and you can begin to see what I mean. The Rockefellers, Carnegies, and Campbells are all wealthy families. Their wealth has lasted multiple generations. Why is this? What makes them so different from the lottery winner or professional athlete who has money for a short time and then it's gone?

Rich v. Wealthy: The Big Difference

The difference between rich and wealthy is very simple.

It's knowledge. Wealthy people know how to make money. Rich people only have money.

Once you know how to make money, you can build sustainable wealth. The money never stops coming. If you have a reversal of fortune, it's not a big deal. You just make it back.

Think about Donald Trump. Several years ago, Mr. Trump was deeply in debt. But, oddly, he didn't change his spending habits and didn't go away. Why not? Because Donald Trump understands how to make money. He is a wealthy individual.

Wisdom + Knowledge = Great Wealth

Wisdom and knowledge can create great wealth for anyone who desires it. Last week, a vendor of ours came to me and asked what he could do to create wealth. My immediate response was to learn everything he could about wealth.

Once he has the knowledge, then he can begin formulating a strategy and work with a coach to build the wealth. But the knowledge needs to come first. Otherwise, if we do happen to get rich, the money is not likely to last.