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Small Business Start Up Loans – Get Started Today

Small Business Start Up Loans – Get Started Today

When it comes to small business start up loans, there are a number of factors that need to be considered to see whether you qualify. Usually there are loan application packages available that can help let you know whether you qualify or not. These will provide you with all the documents, information and instructions that you will need to make your application.

While the loans application process will give you everything you need, you may want to hire a business adviser to help you with the application. Because you are just starting out in business you are going to have to provide a number of pieces of information to the lender. You should be prepared to present your business plan together with estimates of expenditure and profit for the first year.

If you are applying for a loan with your bank you may also need to give the lender access to your credit report, and you may then need to prepare for an interview with your lender. Take the time to carefully prepare for this, as it can make or break your chance for getting the loan. If one financial institution declines your application do not be afraid to apply somewhere else!

When it comes to getting approved for small business start up loans this can be a difficult task. It will take time to ensure you go through the process carefully, though you can improve your chances by hiring help and doing as much as you can to follow the instructions carefully. Make sure you give all the information you need and show professionalism in regard to your business.…

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Are You Really Set for the Problem That Arrives With Commercial Real Estate Investing?

Are You Really Set for the Problem That Arrives With Commercial Real Estate Investing?

Commercial real estate investing is the major leagues of our commerce. This is the professions ceiling and you are bearing in mind playing.. All the main participants, talent, and full-size cash are involved on this level. The profitable real estate investment level isn’t on most peoples radars. The profitable market doesn’t have to make you scared. In reality, in many ways you essentially have more power and protection from risk in this marketplace as opposed to residential investing.

Graduating from Housing Real Estate to the Big Leagues

It is spot on the majority of people begin their real estate investing profession as a residential investor, but they all dream of moving up. Moving up to play college ball is the aim of every highschool player. Hitting the field and playing hard for their favorite team. This is the same with with real estate partners that dream of turning the single family flips into Michigan Avenue developments.

Maybe this hope is within reach with a small concentration. One thing most people do not realize is that anything over 5 units is considered salable property. Therefore, if you are a landlord and pick up a building with 6 units in it, then you are officially a profitable investor. The six unit building is the first step in commercial investing, but a great way to get your feet wet and avoid the fear and angst that goes along with it.

You need drive to make it happen. With drive, great things can come about to you. Lacking it, you will be lead to disappointment and mourning. You do not need this in your existence. What you call for is victory? And this accomplishment comes to those that struggle misfortune. And difficulty is positively in your future. This is not a awful thing. It is life as we know it. You just have to be keen to keep pushing, driving, and succeeding. Take each day at a time. Don’t permit a only some set backs to hold you back. You have to be able and willing to over come those things. You can do it!

And if you don’t think you can do it, then you are in tribulation. So don’t put that superfluous hesitation on yourself. Have a slight trust. Think in the work that you have yet to manufacture. It is out there and it can be done by you, but you have to believe it first.

There is always another real estate investment plan, but they are the basis that someone can be winning with if they stick to it, maintain their learning and progress, while networking with the market place and studying all they can.

Are you considering the challenge?

For those that are prepared, their opportunity awaits them. Just be sure to adhere to the same policy that you follow in your real estate investment. Keep your nostril in a course, head in a discussion group and foot in some meeting people occasion. The moment in time for you to produce and start playing for real in the majors of real estate investing. Make it happen!…

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Good Intentions, Bad Policy On Retirement Savings

Good Intentions, Bad Policy On Retirement Savings

Too many Americans face a future retirement for which they will have too little in savings. Is this because they raid their retirement savings along the way – or is it because they do not save enough in the first place?

The answers to those questions are “yes” and “yes.” However, in a classic example of shooting at the wrong target, Sens. Herb Kohl and Mike Enzi have submitted legislation that would make it harder for workers to borrow the retirement money they have set aside in their 401(k) plans.

Kohl, a Wisconsin Democrat who is not seeking re-election next year, and Enzi, a Wyoming Republican, introduced the “SEAL 401(k) Savings Act” on Wednesday. Kohl wants to stop workers from using 401(k) plans as “piggy banks,” according to Bloomberg News.(1) The theory seems to be that this will encourage workers to leave their retirement accounts alone and find other sources of funds to satisfy current spending needs.

The reality is that, in most cases, there are no other sources of funds, or at least no sources that do not carry exorbitant credit-card interest rates and impose other serious burdens. Money in a 401(k) is money that workers have already earned. If we fence it off too thoroughly, we are not going to encourage workers to leave money in these plans; we are going to encourage them not to put it in 401(k) plans in the first place. Thus, the Kohl-Enzi solution to the retirement savings problem is likely to make the problem worse.

We need to get people to save more, period. Not just for retirement, but for the other needs that can be just as important.

Can we tell a 35-year-old breadwinner that keeping retirement funds untouched is more important than putting a new transmission into the car that the breadwinner uses to get to work? Or paying for a child’s braces or eye doctor? Or getting into a serviceable home in a good school district?

I don’t think so. Even though I believe devoutly that saving for retirement should begin as soon as we enter the work force, we have to be realistic. Life throws a lot of surprises at us. Our financial arrangements have to be flexible enough to deal with those surprises. That is why 401(k) plans, and other retirement saving vehicles, can be tapped early.

So why don’t people save enough? There are many reasons, but a big one is that there is presently very little incentive to do so. The government and the Federal Reserve keep interest rates artificially low to benefit borrowers. The idea is that this will stimulate the economy. But we’re creating a nation of consumers, not savers, and this will have detrimental long-term effects.

In a 401(k) arrangement, employees voluntarily divert some of their wages into the plan. The employer typically matches all or a portion of the employee’s contribution. The employee does not have to pay income taxes on the diverted salary or on the employer’s match until the money is withdrawn. Employers can take an immediate deduction for the employee and employer contributions. The net effect is that, in the interest of encouraging retirement savings, the government gives up some tax revenue now, with the expectation that it will eventually receive the taxes when the money comes out of the plan.

A 401(k) is part of a bigger category of retirement vehicles known as profit-sharing plans. At Palisades Hudson, we have a profit-sharing plan that does not require employees to make contributions. Instead, I decide every year what percentage of the prior year’s compensation will be contributed on behalf of our participating employees. The tax rules are the same, but employees have no direct say over how much I contribute. They do have an indirect voice, however, because the alternative to making a big profit sharing contribution is to pay bigger salaries or bonuses that employees can spend today. If I skew too heavily toward retirement savings, our staff will be unhappy, and some may even leave.

Once money is in a 401(k) or other profit-sharing plan, employees generally try not to withdraw it. There is a 10 percent penalty, in addition to regular income taxes, payable for most withdrawals before age 59A�, except in some limited hardship circumstances. This is enough to deter most people from breaking into their 401(k)s to pay for flat-screen TVs or cruise vacations.

But many workers will encounter real financial needs before they hit 60, and not all of those will qualify for hardship exemptions. If they cannot pay the taxes and penalties on a withdrawal, there is another option. It is possible for the employee to borrow against his or her own 401(k) account, generally up to 50 percent or $50,000, whichever is less. …

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Why The Stock Market Isn’t a Casino!

Why The Stock Market Isn’t a Casino!

One of the more cynical reasons investors give for avoiding the stock market is to liken it to a casino. “It’s just a big gambling game,” some say. “The whole thing is rigged.” There may be just enough truth in those statements to convince a few people who haven’t taken the time to study it further.

As a result, they invest in bonds (which can be much riskier than they presume, with far little chance for outsize rewards) or they stay in cash. The results for their bottom lines are often disastrous. Here’s why they’re wrong:

1) Yes, there’s an element of gambling, but-

Imagine a casino where the long-term odds are rigged in your favor instead of against you. Imagine, too, that all the games are like black jack rather than slot machines, in that you can use what you know (you’re an experienced player) and the current circumstances (you’ve been watching the cards) to improve your odds. Now you have a more reasonable approximation of the stock market.

Many people will find that hard to believe. The stock market has gone virtually nowhere for 10 years, they complain. My Uncle Joe lost a fortune in the market, they point out. While the market occasionally dives and may even perform poorly for extended periods of time, the history of the markets tells a different story.

Over the long haul (and yes, it’s occasionally a very long haul), stocks are the only asset class that has consistently beaten inflation. The reason is obvious: over time, good companies grow and make money; they can pass those profits on to their shareholders in the form of dividends and provide additional gains from higher stock prices.

2) The individual investor is sometimes the victim of unfair practices, but he or she also has some surprising advantages.

No matter how many rules and regulations are passed, it will never be possible to entirely eliminate insider trading, dubious accounting, and other illegal practices that victimize the uninformed. Often, however, paying careful attention to financial statements will disclose hidden problems. Moreover, good companies don’t have to engage in fraud-they’re too busy making real profits.

Individual investors have a huge advantage over mutual fund managers and institutional investors, in that they can invest in small and even MicroCap companies the big kahunas couldn’t touch without violating SEC or corporate rules.

While these smaller companies are often riskier, they can also be the source of the biggest rewards.

3) It is the only game in town.

Outside of investing in commodities futures or trading currency, which are best left to the pros, the stock market is the only widely accessible way to grow your nest egg enough to beat inflation. Hardly anyone has gotten rich by investing in bonds, and no one does it by putting their money in the bank.

Knowing these three key issues, how can the individual investor avoid buying in at the wrong time or being victimized by deceptive practices?

Here are six actions you can start with:

1) Consider the P/E ratio of the market as a whole and of your stock in particular.

Most of the time, you can ignore the market and just focus on buying good companies at reasonable prices. But when stock prices get too far ahead of earnings, there’s usually a drop in store. Compare historical P/E ratios with current ratios to get some idea of what’s excessive, but keep in mind that the market will support higher P/E ratios when interest rates are low.

2) When inflation and interest rates are soaring, the market is often due for a alert.

High interest rates force companies that depend on borrowing to spend more of their cash to grow revenues. At the same time, money markets and bonds start paying out more attractive rates. If investors can earn 8% to 12% in a money market fund, they’re less likely to take the risk of investing in the market.

Of course, severe drops can happen in times of low interest rates as well. Look for red flags in the financial news, such as the beginning of the recent housing slump or the international credit crisis. Don’t let fear and uncertainty keep you from participating. Remember that the market goes up more than it goes down. Even poor market timers make money if they buy good companies.

3) Do your homework.

Study the balance sheet and annual report of the company that’s caught your interest. At the very least, know how much you’re paying for the company’s earnings, how much debt it has, and what its cash flow picture is like. Read the latest news stories on the company and make sure you are clear on why you expect the company’s earnings to grow.…

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Financing Your Business With Your Retirement Account: How It’s Done

Financing Your Business With Your Retirement Account: How It’s Done

Financing your business with a 401k or IRA is a delicate matter, but the reward can easily supersede the risk. If you have the confidence in yourself to make money for your own retirement rather than relying on the stock market, then this is a fantastic option for you.

The procedure for financing your business with retirement savings is a relatively simple procedure, but still requires the services of a number of key professionals.

First, a C corporation needs to be setup, but no stock issued. The reason for a C corporation is because as a non-“natural” entity that your savings account represents, makes it ineligible for certain other types of corporations. A C Corporation also allows for the business not to be tied to your personal income and other assets.

Next, the corporation adopts a profit-sharing retirement plan (401k) that allows 100 percent of the plan assets ascribable to retirement rollovers to be invested in employer stock (which is a bit of an irony since the Enron days). Your previous 401k from a different employer can then be rolled over to the new corporation’s 401k plan. The money can come from multiple people or sources, a particular benefit if you and a spouse or business partners are going in on the business; this helps in limiting your risk and can give the business more capital. Though from personal experiences, I wouldn’t recommend going in with partners unless you are exceedingly confident in the partnership; you are allowing these people to have some control in the company after all, which represents your retirement money. A spouse, on the other hand, tends to be a great partner, because you theoretically have a shared financial destiny.

Once setup, the company issues all of its shares and transfers it to the profit-sharing plan and receives the cash from the plan. The retirement plan has all the shares in the corporation and the corporation has all the cash. This then allows for the investment into whatever your dream business is.

While this is a simple description of how you can accomplish the business of your dreams using the retirement funds method, you’ll really need the help of a CPA and/or a tax attorney to help with all the details. Be sure that these people are very familiar with the Employee Retirement Security Act (ERISA) which is comprised of the laws in regards to employee benefit plans.…

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4 Ways to Rebuild Your Wealth

4 Ways to Rebuild Your Wealth

After one of the worse recessions and financial meltdowns since the Great Depression, most of us are scratching our heads at how we can react to the mess that our portfolios and financial well being stands in. Although it may seem like all hope is lost in terms of meeting your retirement goals, it may not be. Here are 4 things you can do in order to rebuild some of the wealth you may have lost in the last 6-18 months.

#1 Refinance your home

By Refinancing your home you can save big time. For instance if you have a $300k mortgage that is at 6%, and refinance to 5%, you would save over $200 per month on your payment. This will amount to close to $40,000 over the life of your loan.

#2 Raise your Credit Score

Simply lower your ratio of credit card debt to total credit available. To do this, pay off as much of your balance as possible, and try to get a credit line increase if you can. This will in the long run raise your credit score quite a bit.

#3 Watch Less TV

Although you may not think TV has a connection to your spending habits, it certainly does. A recent study showed that for every additional weekly hour of TV you watch, you will spend an extra $200 that year. This is because we are influenced by what movie stars wear, drive, and do, as well as the TV commercials we watch.

#4 Re-evaluate your Insurance policies

Do you really need to have extremely low deductibles? How often have you had to put a claim in to your home owners insurance company? Most likely never or maybe once or twice. By Increasing your Deductible from $250 to $5000, you will lower your yearly premium by about $500.

Hopefully This short list has got you to start thinking about other ways to save those dollars. If you plan for another recession, which likely will come several more times in your lifetime, than you will be much better prepared to weather the financial storm.…

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Google Attracts A Million Visitors, Surpassing Microsoft, Facebook

Google Attracts A Million Visitors, Surpassing Microsoft, Facebook

According to the data unveiled by ComScore, search engine giant Google surpassed its tech rivals Microsoft and Facebook in terms of unique visitors. By attracting more than one billion unique visitors in May, Google has become world’s first internet company to achieve such an enormous figure. In the report released Tuesday, ComScore, a company that garners web data, had evaluated the result by exemplifying the surfing habits of two million internet users.

As quoted by The Wall Street Journal, “ComScore refines the estimates with “page view” data that it receives from more than 90 of the 100 publishers of Web content, but not from Google.” Unique visitors are calculated by counting an individual only once in a month, irrespective of the number of visits made by the reader in a month.

Google’s traffic surged by 8.4 percent:- While Google’s traffic surged 8.4 percent in the past 12 months, its competitor Microsoft registered an increase of 15 percent and ranked second with 905 million unique visitors. Users spent nearly 250 billion minutes on Facebook (66.6 percent increase from last year) in May, while 200 billion minutes (13 percent increase from past one year)were spent on Google. An increase of 30 percent was noticed in Facebook’s traffic over the past year, which grabbed the third spot with 714 million visitors. On its failure to compete with the top social networking site Facebook, Yahoo acquired the fourth position with 689 million unique visitors. Despite the position, Yahoo saw an increase of 10.8 percent in the number of users.

Google outshines Microsoft:- There was a time when Microsoft sites ruled online. In 2006, when ComScore had measured the traffic of the internet sites for the first time, Microsoft topped the web with 539 million unique visitors, while Google had mere 500 million monthly visitors. However, by introducing Gmail, YouTube, advertising and other services, Google has succeeded in outshining other web portals. Though Google had the highest number of monthly unique visitors, visitors spent most of their time on Facebook. Users spent nearly 250 billion minutes on Facebook (66.6 percent increase from last year) in May, while 200 billion minutes (13 percent increase from past one year) were spent on Google. On the other hand, Microsoft registered a decline of 13.6 percent with 204 billion minutes.

The users spent almost 250 billion minutes on Facebook (66.6 percent more than last year) in May, while 200 billion minutes (13 per cent more than last year) was spent on Google.

On the other hand, we recorded fell by 13.6 percent and 204 billion dollars.…