- Make money by utilizing your skills and knowledge – Having a part time job sure is fun but this one definitely makes a difference. Finding a job that requires your skills and knowledge could definitely let you earn an even bigger income. The great thing about having this kind of job is that aside from a higher income, you could also further enhance your skills here. Also, this will provide you with a better experience, thus letting you have an opportunity to work in a field that you have great expertise in.
- Be a caretaker – There are some people who often go out of town or somewhere important but then leave something precious behind. Whether it may be pets, kids or homes, taking care of them for your neighbor can help you earn some cash as well. This kind of job usually requires only a few hours and people usually pay a generous amount if the work has been done well.
- Get more money from your current job – Working individuals usually seek out extra income if their current job doesn’t pay out well enough. To make it work for you, you can always grab the opportunity if ever your office is asking for over time. Over time usually have a higher rate and by doing this regularly, you will surely see an increase in your current income.
- Earn money online – Looking for jobs on the internet is also a great way to earn that extra income. The great thing about having an online job is that you have the freedom to work any time and in the comfort of your home! Now who doesn’t want that? If you feel that you have the skills to do the online job that is posted then grab the opportunity and make good money from there.
- Buy only things that are a necessity – A lot of people have an uncontrollable habit when it comes to shopping and they mostly buy things that they don’t really need. Of course, buying that are wants but not needs can be a natural thing to do as long as everything is controlled. In the case of buying grocery items, it would be best to go shopping on a full stomach. The reason for this is that, whenever you go grocery shopping on an empty stomach, you will end up buying a lot of foods or items you see. Aside from grocery shopping, you will also have the tendency to buy things which you don’t have. So before purchasing whatever that item is, always rethink if you’ll really need it and if that item can wait for some time to be purchased, then don’t buy it.
- Always look for sales and discounts – When you’re out strolling around malls or other places, be sure to always keep an eye for advertisements regarding sales and discounts. If you see this, then don’t let the opportunity pass. Buy the necessities which you think you will use almost everyday in bulk purchases so that you can save money and you won’t buy the same item again for the next few days or weeks.
- Find every money-saving option as much as possible – Looking out for the best possible option to buy your items is a smart strategy. You can always pursue stores that sell wholesale products because they normally cost less. It will really help you save a lot of money compared to buying branded products. Just pay attention to the places you go because they might be selling the products you need for less.
- Save for an item – To prevent a huge amount of money from leaving your wallet, you must save as much as possible before the day of your purchase. Also, don’t immediately pursue high end stores right away when buying, but take time to look around for other shops that might be selling the same items for a lesser price.
A certain woman was always worried about money. Although she and her husband lived a fairly comfortable life, she felt that most of the expenses he wanted to make were extravagances beyond their necessities. When he wanted to go out for dinner, she made some excuse that they could eat more cheaply at home. If he suggested taking the family out for ice cream, she would protest that it would cost too much money. If he made the request that they attend an entertainment event or even a movie, she said that they could stay home and watch television without spending extra money. Hence, life was not particularly enjoyable. Then he died suddenly, and she regretted that she had not agreed to go out when he made the suggestions. He was no longer there so that they could do any fun things together.
During World War II when Japanese Americans were incarcerated in hastily constructed camps in remote and desolate areas of the country, they had lost most of their possessions. Their bank accounts were frozen, and money was scarce. There was not a lot in the camps on which to spend money, but some people spent a little of the small amount of money they had to order items from the Sears Roebuck catalog to try and make them feel better in their dire situation. It was a morale booster during desperate times.
It is not necessary to spend money excessively and to be unwise in expenditures. However, it is possible to budget some fun activities into one’s life. Spending money is not a bad thing if it helps a person to enjoy life and have a healthy perspective. Waiting for retirement to enjoy life is not smart.
If the good health a person experiences suddenly becomes a thing of the past due to an accident or unexpected illness, the chance for spending a little money to enjoy the pleasures of life may be gone.
Remember that you may be helping someone else when you do spend money. It is bringing income and employment to another person. It is providing the means whereby someone else may be able to enjoy life as well.
Saving a portion of one’s income is a good thing, and it is healthy to have a nest egg set aside for any emergency which may arise. Being wise in spending and using a budget may help people to manage their money to allow for some of the better things in life. Perhaps it would take earning some extra money to feel comfortable enough to spend on supposed luxuries. This can be done in a variety of ways such as with a home based business, selling things a person does not need, or working a part-time job.
Life goes by too quickly to let it be drudgery without some fun mixed in to the daily grind. It is said that a person who enjoys his work does not really have to work because it is a pleasure to spend time doing what he does. Using one’s resources wisely is an important aspect of a good life.
Sure the huge major cities like London and Paris are some of the most iconic cities in all of Europe to visit afterall millions of people visit these cities every year. They are packed with history and culture and money saving deals can most certainly be found but it will take work. London and Paris for example are two of the most expensive cities to live or visit. They don’t need rock bottom prices to attract tourists and their money, the city itself does that for them. However what you have to keep in mind is that a big city is just that… a big city. The people are here are a little less friendly and the culture is a little more drowned out amongst the hustle bustle of city life.
If you really want to experience a culture as well as priceless art, monuments, and rich history, consider staying in one of the smaller cities or even on the outskirts of the larger cities. Here you are much more likely to find hotels with lower prices because they are not inundated with tourists and are more likely to give you a good deal. Public transportation is much more widely available as well so getting into the heart of the historical areas is usually just a short train ride away. Don’t think of that as inconvenient but a chance to not only save some serious money on hotel costs but you’ll travel with the locals and may even get to know some of them.
If however you still want to see some of the most famous cities in Europe there are plenty of them that offer huge discounts on hotels. European countries have felt the slow economic growth in the tourism industry just as much as any other places and some are still seeking to attract visitors. Places like Berlin, Poland, Croatia, and Greece have hotels about half the price of other European cities and are great place to become the jumping off point of your European vacation.
Timing is Key
While summer is typically when most people in the United States want to take vacation, after all it is when schools let out and people are dreaming of getting out of the office for some relaxation and fun. Though keep in mind that every other tourist is thinking the same thing that you are and that drives the costs of everything upward. From airfares to hotels to train tickets, it all goes up in the peak season. If you want to save some serious money consider traveling anywhere in Europe during the fall or winter when the hotels and airlines are looking to sell tickets and huge discounts. If you wait until the weather warms up you likely pay twice what you would have off-season on nearly everything.
Europe in the fall is breathtaking and the dramatic decrease in the crowds makes visiting the iconic sites like the Eiffel Tower, Louvre, or the Colosseum much more enjoyable. It’s easier to get a table at the best restaurant, explore the natural beauty, or even find a seat on the metro if you visit in the off season. Snowy winter is equally as fascinating with lots of outdoor experiences and Christmas celebrations.
Strategy is Everything
So now you know when to go and where to stay the biggest obstacle many will face is paying for sky high airfares. For a family of four, by the far the largest price tag will come on insanely high cost of flying across the great blue ocean and just getting there. If you plan ahead you can get great deals on airfares. First, think about where you fly into in the first place. It doesn’t matter if you necessarily decide to stay in that particular city, but flying into cities like Dublin, Belfast, Reykjavik, or Istanbul where the government doesn’t charge as many taxes to the airports and these saving are passed on to you.
Certain airlines as well also offer fantastic discounts just for stopping off in their country. Iceland Air for example offers flights much lower than other simply for laying over in Iceland for a day and exploring their beautiful country (something well worth you time). Search other budget airlines like RyanAir (an Irish company) for more cheap fares to lots of major European destinations. Though keep in mind that Iceland Air doesn’t fly out of all American cities so if you want to take advantage of their fares you many have to fly out of a different airport than you usually would have.
Valuation and the Loan
Hard money loans are contingent on the appraisal of the property. Because the lending institution will only offer around 70% of the total valuation, a borrower will want to be certain that the appraisal is accurate. This hedges the lender’s bet on the high-risk nature of the loan, as the property is then placed as collateral against the loan itself. Should the borrower default, the property is then turned over to the lender as repayment.
Protecting Yourself as the Borrower
Those interested in acquiring and “flipping” locations using hard money should be well-informed in the various nuances associated with the property’s value and the conditions of the loan. One must be certain that they have property appraised the amount of WORK necessary to restore the property, if necessary, as these types of “surprises” can often lead to a financial nightmare. Fortunately, however, the lender doesn’t want the property either, so they will likely be quite diligent in making sure that your proposal for profit is a sound investment – it just never hurts to get another opinion on the work required!
Convenience vs. Interest Rates
Distressed properties provide great opportunities, as we previously mentioned, but in order to capitalize, time is of the essence. One of the biggest necessities is the ability to secure funding quickly. Hard money lenders will usually have the ability to setup an appraisal and provide funding in a matter of days, whereas standard banks can take weeks! This, alone, can ensure that your eye for property potential isn’t thwarted by another investor that has deep pockets…
There is a price to pay for this convenience, however – hard money loans often carry higher interest rates than the standard bank alternatives. This should come as no surprise, as the risk is far greater for a hard money lender, given the propensity for “speedy” approvals.
Distressed = Discounted!
Distressed properties often come at a steep discount, as the lenders are simply trying to unload them and recoup their initial investment. Those that understand how hard money lenders can assist in securing quick capital can take advantage of newly found opportunities, improving the ever-important bottom line.
Today’s real estate climate may have warmed a little, but don’t buy into the notion that things have recovered. Banks are still sitting on countless properties, and are actively seeking investors to take them off of their hands. Those profits could be yours – you just need to understand the hard money sector!
- Minimal Conditions: In order to obtain, a borrower needs to satisfy a short list of criteria whereas a bank has many set-in-stone conditions that need to be met. This may include income history, credit report, etc. The entire process can become drawn out and the borrower, ultimately, may not even be approved in the end. In contrast, these loans are fairly simple and straightforward. If the hard money lender assesses that a borrower’s target real estate investment is an excellent value and the borrower has at least 20% equity to put into the deal, it is likely that the investor will qualify.
- Quick Loan Approvals: You can get it approved far quicker than traditional banks or financial institutions – which may take at least 3-4 weeks. In many cases, a borrower can receive approval and financing within a week – especially if requested documents are presented in a timely manner. The main reason hard money lenders are able to approve loans quickly is that of the short list of required documents and the smaller size of the lender’s organization which doesn’t have to deal with the corporate red tape that banks do.
- Lenient with Credit History: It will also be more lenient with your credit history. If you apply for loans from top financial institutions, one of the main factors they will check is your credit. If a borrower doesn’t fit within a bank’s strict “credit box”, the chances of qualifying for the loan becomes significantly lower. In the case of hard money lenders, credit history doesn’t matter as much as the value of the asset and the borrower’s equity – or “skin in the game”. As long as both meet the expectations of the lender, you have a good chance of obtaining the loan.
- No Prepayment Penalties: Another significant benefit is the absence of prepayment penalties. If you take out a loan from a large financial institution, you would most likely be hit with a prepayment penalty if you pay off the loan prior to the maturation date. You can avoid these fees by opting for hard money loans. It is not difficult to find a hard money lender willing to lend you money without prepayment penalties baked into the term sheet.
Keep Track of Your Credit Score
Many people seem to share the misconception that having no debt or late payments means they have a great credit score. In fact, your credit score is based on how you use your credit; so never using your credit card may actually be hurting your score. Instead, put a monthly bill on an automatic payment plan on a credit card, then pay the bill in full each month. This will keep your credit score active and building, with zero cost to you.
Recognize Good vs. Bad Debt
There are debts that are perfectly acceptable to have. An education, for example, is a strong investment that by some measures pays out a 15% dividend over time; getting yourself into a reasonable amount of student loan debt may actually be a wise money management strategy, if you look around for low-cost educational options that provide earning opportunities. Similarly, a mortgage can be a good investment in your stability and long-term equity, so don’t be shy about signing a mortgage that is within your budget. Just because some people are over their heads in student loan debt or stuck paying mortgages on homes when they bought above their means, that shouldn’t deter someone from exercising prudence in these investments.
Your Debts are Liabilities
Too many people begin to see their debts as just a fact of life, something they carry with them forever. Whether this is because they are overwhelmed by the size of the debt – it has become so large as to have lost all real meaning – or whether there are other factors at play, it is wise to open your eyes to your debts, to understand them and what it takes to make them disappear. Probably you will have to adjust your spending habits, buying less clothing, eating out less, getting rid of unnecessary expenses, even cutting down on the driving to save on gas. But the first priority ought to be pulling yourself out of your debt situation and into financial independence. There are many websites out there devoted to helping you educate yourself about money management; take advantage of the wealth of information and take your first steps toward financial freedom.
The fees and rates
Before choosing one, it is important that you compare the different rates of exchange. You need to know that they do fluctuate from time to time and so the quotes only work for only some minutes. This gives you a good idea about the companies that are overcharging and the ones that are very competitive. Yet others have rates that are guaranteed for a period. There are also available resources that can be used to make price comparisons.
The costs of transactions
Sometimes the exchange rate could be favorable but then, the costs per transaction may be high. This is not an ideal scenario for many. You need to consider just how much you will be charged as the commission or the transfer fees before a transfer can be effected. One way to make it less hectic is to consolidate the smaller payments into only one. This lowers costs. There are providers that have better rates and yet others waive the fees altogether when a large payment is made.
Some of the companies offer a very easy way to signup, others take so much time. There are online providers that offer their services 24 hours a day, and seven days a week. You, however, need to see the delivery and payment methods that are offered so as to ensure that all your needs are satisfied. Check for features like mobile wallet options.
Not all the companies will operate in all countries and even offer all currencies. When you have to send money to areas that are remote where currencies are not popular, you may have to deal with delays. It is important you check that the currencies that you need are actually offered before you settle for a specific provider.
How reliable and safe is the foreign exchange provider?
You need to assess the reliability of the company. Consider how long they have been in business. Consider the amount that has already been transferred and what others think about the services that they have provided so far. Security of the platform also has to be considered. This allows you to think more clearly and make the most informed decision.
If you want to avoid falling into the trap of these terms and policies, you can opt for inheritance loans which are a bit different from the rest of the loans offered by the money lenders. In this of loan, a person who is an heir to an estate can mortgage his share of the property and can get money in turn. It is like getting cash in advance before you actually sell out the property.
This kind of loan is really helpful as one does not have to take additional tension about repayment and other hassles which are attached with a regular loan.
In case of inheritance loans one does not have to take any ownership, the money is repaid to the lender through his share of the estate. Moreover, one does not have to really wait for a long time in order to get this kind of loan approved. If everything goes on fine one can get cash in about three days only. This proves to be a big help to people who are in dire need of money.
The process to apply for this kind of loan is quite simple. With loads of lenders available in the market all you need to do is provide them some information about the property you own, along with information you share with the owner of the estate. Once all the paperwork is done, which hardly takes around 2 to 3 days, you would be able to get the cash. Once you get the money you are no longer responsible for anything. It is between the company and the lender.
In order to play safe some of the companies do conduct a check on your credit score to know whether you are in a debt while many do not consider it necessary. They are only bothered about your share of the estate. One does not need to bother at all about getting this type of loan approved as there are many companies in the market which would come to reach out to you. Thus, one can consider opting for this kind of loan to get the cash quickly.
The first of these is the city government’s commitment in developing Detroit’s riverfront. Civic planners and engineers continue to carry out rehabilitation and construction projects in the area to boost tourism so that it becomes a strong economic engine for the city. Increase in the activity of real estate market naturally ensues from this, particularly in the offer and sale of residential homes. Investors can aim to use their hard money for engaging in the buy-and-sell of properties around the riverfront.
Besides improvement of the riverfront, there is also a growing trend of high-rise residential buildings being constructed in downtown Detroit. This has come about as a result of the increasing number of young professionals moving into the city. It’s a vibrant market for fix-and-flip investors who usually involve the resources of a hard money lender in order to realize the investment and harvest returns from it.
On the other hand, low-rise residences, apartment, ornate mansions, and single-family town homes are mushrooming in the city’s western and eastern sections. Neighborhoods found in these areas, such as Woodward and East Jefferson, are characteristically quaint, with historical significance for the people in Detroit. Funds that investors acquire from hard money in Detroit can be used to revitalize condemned and idle assets in these neighborhoods.
Immigrants play a major part in the city’s quest to revitalize old neighborhoods, which are otherwise left to slow decay if neglected. Such is the case of Lafayette Park in southeast Detroit. New residents with plans not only to retire but also to set up small-scale enterprises are looking at Detroit as most viable of America’s cities. Notwithstanding, the city boasts of a very high walkability score. This translates to safe streets, green jogging lanes, and clean air for people wishing to move to Detroit.
However, real estate market tend to be bearish in Detroit city’s far flung neighborhoods like Greenfield, Brightmoor, East English Village, and Livernois. There are a number of unoccupied residential sites in these parts of Detroit. Nevertheless, they are properties waiting to be developed in the near future. For an investor to profit from properties located in these places, rehabilitation must be geared toward attracting residents who are at the prime of their lives and are entering retirement in five years’ time, as Detroit is touted to be the best city to retire to.