Motivational Quotes for Finance

Motivational Quotes for Finance

Motivational quotes can inspire us, uplift our spirits, and boost our confidence. They can also lighten our moods, reinforce an idea, and showcase our knowledge.

Financial motivational quotes can also help you focus on your goals and keep you on track to make them a reality. Whether you’re working toward a debt snowball payment, saving up for that vacation, or building credit, here are some inspiring finance quotes to help you along the way.

1.   Don’t let money be the master

There are a few things that you should keep in mind when it comes to finance. The first thing is that money is not the master.

The Bible says that we should not love wealth more than God. It is a snare and a lure that will pull us away from him (see Mat 6:33).

We should seek God first, then we can serve him with our wealth and our possessions.

It does not mean you will not enjoy wealth, but it is a wise choice to do so with a balanced perspective and disciplined stewardship.

This quote by one of America’s founding fathers is particularly applicable when it comes to credit and finances, as he warns against small leaks that can derail an otherwise solid budget.

2.   Make your money work for you

One of the best ways to make your money work for you is to plan and budget. Creating and following a budget will help you keep track of your expenses, understand where your income is going and determine where to cut back on expenses.

Another great way to save money is to take advantage of rewards for everyday purchases and items that you already spend on. This can include using credit cards to earn cash back on gas, groceries or other purchases.

Phineas Taylor Barnum, …

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Accounts Receivable Financing - Don't Be concerned, Be Satisfied

Accounts Receivable Financing – Don’t Be concerned, Be Satisfied

There is certainly an explanation why accounts receivable financing is a four-thousand-year-old financing approach: it functions. Accounts receivable financing, factoring, and asset-based financing all imply the identical thing as related to asset-based lending- invoices are sold or pledged to a third-celebration, typically an industrial finance company (often a bank) to accelerate cash flow.

In easy terms, the process follows these steps. A small business sells and delivers an item or service to a different enterprise. The client receives an invoice. The company requests funding from the financing entity along with a percentage of the invoice (usually 80% to 90%) is transferred to the company by the financing entity. The client pays the invoice straight to the financing entity. The agreed-upon fees are deducted plus the remainder is rebated to the business by the financing entity.

How does the consumer know to pay the financing entity rather than the business enterprise they may be getting goods or services from? The legal term is called “notification”. The financing entity informs the client in writing with the financing agreement as well as the client have to agree in writing to this arrangement. In general, if the customer refuses to agree in writing to spend the lender in place of the enterprise offering the goods or services, The financing entity will decline to advance funds.

Why? The principle security for the financing entity to be repaid may be the creditworthiness of the customer paying the invoice. Before funds are sophisticated towards the organization there is a second step referred to as “verification”. The finance entity verifies using the customer that the goods happen to be received or the services were performed satisfactorily. There getting no dispute, it truly is reasonable for the financing entity to assume that the invoice is going to be paid; …

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3 Levels of Estate Financial Arranging

3 Levels of Estate Financial Arranging

The 5 levels of Estate Financial organizing is often a systematic approach for explaining Estate Financial Planning Financial inside a way that you can simply follow. Which is the 5 levels you must complete is determined by your specific objectives and situations.

Level One: The fundamental Plan

The scenario for level a single preparing is the fact that you’ve no will or living trust in location, or your existing will or living trust is outdated or inadequate. The objectives for this sort of arranging are to:

  • reduce or remove Estate Financial taxes;
  • avoid the price, delays, and publicity related to probate in the occasion of death or incapacity; and
  • protect heirs from their inability, their disability, their creditors, and their predators, such as ex-spouses.

To accomplish these objectives, you would use a pour-over will, a revocable living trust that allocates a married person’s Estate Financial in between a credit shelter trust along with a marital trust, common powers of lawyer for economic matters, and tough powers of attorney for health care and living wills.

Level Two: The Irrevocable Life Insurance coverage Trust (ILIT)

The circumstance for level two organizing is the fact that your Estate Financial is projected to become higher than the Estate Financial-tax exemption. While there is certainly a present lapse within the Estate Financial and generation-skipping transfer taxes, Congress will likely reinstate both taxes (probably even retroactively) sometime this year. If not, on January 1, 2011, the Estate Financial tax exemption (which was $3.5 million in 2009) becomes $1 million, as well as the prime Estate Financial tax price (which was 45% in 2009), becomes 55%. In any occasion, you can make cash gifts to an ILIT utilizing your $13,000/$26,000 annual gift-tax exclusion per beneficiary.

Level Three: Family members Restricted Partnerships

The predicament for level 3 planning …

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An Estate Planning Questionnaire - A Guide for Families

An Estate Planning Questionnaire – A Guide for Families

An estate planning questionnaire sounds like a tedious and difficult document-but it needn’t be. It can function as a guide for families through what’s typically an overwhelming process. Planning is the best approach to result in the estate-planning process as smooth as you possibly can.

You may wish to begin submitting this type of questionnaire ahead of utilizing an attorney-and after that your lawyer will help you with the finer points. Following is a help guide the sort of information you’ll need to gain access to or bring together with you once you speak to your attorney.

Personal Information. Many of this private information is straightforward and doesn’t require much digging or research.

Social security number Military service & serial number Divorce or past marriages Names, birthdates, addresses and marital status of children and grandchildren Prenuptial agreements Special needs Prepaid cemetery plots or funeral expenses

Financial Information. Spend some time gathering account numbers, statements, and key information about the next bits of your finances.

Home/mortgage deeds Stocks, bonds and mutual funds Bank accounts and CDs 401Ks, IRAs and pension plans Business interests Personal property Life insurance and annuities Loans and debts owed

Management Decisions. Consider beforehand who you need to execute the details of your estate and definitely will.

The executor and trustee Beneficiaries and alternates Special gifts Guardian for children

Medical Care. In the event, you get ill and cannot make decisions yourself, look at the decisions you’ll want to be completed. Be ready to discuss the next items.

Current health conditions Health insurance

As you navigate each of the options, conversations, and decisions of pre-need planning, make sure you use common sense and steer clear of scams, that are unfortunately too prevalent. And on the greater compassionate side in the equation, make sure to care for you and …

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How to Reduce Commercial Bank Funding and Small Business Debt

How to Reduce Commercial Bank Funding and Small Business Debt

More and more small businesses are looking for advice on reducing debt and commercial bank financing. Because of a serious shortage of commercial banking services, a logical and wise approach for borrowers is to investigate possible options for debt management and reduce their dependence on commercial debt from bank financing.

In most cases, small business owners do not openly seek commercial loan struggles with their banks. The increased inability of banks and other business lenders to provide sufficient amounts of business loans and working capital financing has produced this practical result. It seems that most businesses may have seen their business banking relationships in a loyal and friendly manner over the years. Big changes literally force small businesses to examine and revise their business financing strategies, as seen with many other business practices.

How to Reduce Commercial Bank Funding and Small Business Debt

Evaluating whether there are realistic alternatives to replace current bank financing and commercial debt will be one of the possible outcomes for borrowers. Refinancing debt with a new commercial loan source will be a normal and practical result. For example, exploring business financing options to get working capital financing elsewhere is smart for businesses with commercial credit lines that will be eliminated or reduced (as is now widely happening).

It would be wise to explore commercial financial alternatives even in situations where the owner is not forced to get new sources for their commercial loans immediately. Very little notice has been given to affected commercial borrowers in the example of a recent bank that has revoked an existing commercial loan.

Small business owners analyze whether it is feasible to permanently reduce commercial debt and bank financing is an effective business financing option. With this approach, commercial borrowers will focus on reducing their overall debt rather than just finding a new home for their business loans. This strategy …

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