Finance

Learning more about Money Lenders

The Foam Henge Blog, Finance, Money
Learning more about Money Lenders

Licensed private money lenders are considered to be a famous alternative for people who need funding. Money lenders Singapore are the answer for those who have been turned down by banks. As you may know, these companies are the right source if you are asking for an emergency or quick money.

Even if you are most likely to get easy money by licensed money lenders, you still have to be careful in finding the right one for you. Most of them take advantage – meaning they will hike high rates which almost resemble the skyscrapers you see in New York. As this is the case, you have to be intelligent in checking the right company.

To work with unscrupulous lenders is most likely going to drown you in unending debts. It will not help you get out of your situation at all. As this is the case, you have to ask yourself – how do you find the most honest money lender in the place?

Understanding the Idea

Here are some of the concepts you have to understand so you end up with the right money lenders. Please take note of the following:

  • The idea of licensed private money lenders is simple – it is the alternative to the loans you cannot get from traditional banks because you are deprived of approval. There are reasons why you may be declined – it can be because of bad credit report, among others.
  • These money lenders offer various kinds of loans which may range from residential up to commercial, and almost nothing-in-between type of financing. The approval they grant you is based on the value of your collateral.
  • There is a unique requirement from every money lender out there. Basically, these companies are given the prerogative to set their own fees, schedules, and demands so that they may determine their own credibility.
  • The loans provided may have unique features in them. They may carry availabilities that others do not. Remember that these money lenders face more risks because they give out quick assistance to individuals without asking so much. This sets them apart from traditional loan institutions out there.

Money lenders are dubbed as the best because they open wonderful processes for borrowers. They are way simpler than that of traditional mortgage systems. The only thing that you have to do initially is to seek an appointment. This is important because from this, you get to raise concerns that may bother you in the future. This is also a chance to demonstrate the value of your property, which may be taken as a collateral in the venture.

As you go through the application process (which is not very difficult), the lender will be responsible in assessing the value of your properties. This is an opportunity for them to evaluate if yours is somehow sufficient, and valuable. There are times when they may advance the loan. The loans would typically take less than ten days so that they may be released. That is how easy the method can be! Need extra guidance? Check out loan advisor to keep you going.

Should You Get a Financial Adviser for your Business?

The Foam Henge Finance, Money
Should You Get a Financial Adviser for your Business?

Owning a good business idea will never be sufficient. This is true for each and every entrepreneur out there. Basically, there is a need for it to be supported with an effective financial and organization planning so that it works for the better. Well, if you are the kind of person who wants to get the best support and help in this aspect, this article is definitely for you!

It cannot be denied that there is a growing competition in any field you see around. With this, it is not surprising that only a handful of start-up businesses survive. It would really take a lot for them to emerge. The biggest problem here is that they seldom seek the advice and help of financial advisers who are equipped enough to guide them through the initial stages. What can these professionals do for your business, then?

How Can Professionals Help Your Start-Up Business?

Here are some of the reasons why professional financial advisers may be able to be of great help to your start-up business:

  • If you believe that yours is a great product, you will be headed to the peak of business success. In here, there will be a need for an organized and well-developed financial plan. When the strategy is good, it would enable the person to achieve a high level of operational efficiency, this is for certain. What is even good is that this is a chance to stand out from others. This is what a financial adviser is a knowledge about.
  • The truth is that every decision you make will have an influence on your business. With this in mind, it is crucial to understand that analysis should play a vital role in the process. This is the key towards making the most appropriate decisions. Financial advisers have the ability to provide a workable financial model which can be facilitated so the right move can be attained. Aside from coming up with such, the adviser may be able to monitor the impact of it from time to time.
  • One of the reasons why a business fails is that it is not able to make a viable plan which is a requirement for the entire endeavor. A competent financial adviser must be able to identify the best market opportunities so that a roadmap for business development may be organized. The adviser would have to take into consideration the economic and financial implications of these opportunities as well. As they do this, they become aware of the risk factor involved in the venture.
  • If the analysis does not transpire in the business metrics, it is impossible to distinguish where you are headed. This does not have to happen if you have a business adviser since the metrics for pricing, growth sensitivity, lifetime value and contribution margin will be analyzed. This is when you may be able to confidently overtake your journey so that you are only leading toward success.

These are some of the reasons why it is not a bad idea to hire a financial adviser for your business.

Should You Look for a Financial Adviser?

The Foam Henge Blog, Finance, Money, Saving
Should You Look for a Financial Adviser?

There are instances when managing your finances can be a challenge. This is true most especially if you are not the type who thinks about your expenses all the time. For whatever it is worth, it is always a good idea to seek the assistance of a qualified financial adviser. Such is a chance to make the most out of your money should you require an instant cash loan. Indeed, there are many individuals out there who must consider seeking for a financial adviser if they can. This should work for them.

How Do You Work with a Financial Adviser?

If you are considering this kind of transaction or process, here are some of the questions you should not fail to ask:

  • Do you specialize in an area such as annuities, mortgages or pensions?
    There are advisers out there who focus on a particular area. Some may cover a wide array of areas. They would only have to select one which depends upon the breadth or depth of the advice that is sought for.
  • Is your selected adviser a part of the Financial Services Authority?
    Once you have discovered the specialization of your adviser, please know if your adviser is a part of the Financial Services Authority. There are firms which are not yet a registered member of such. As that is the case, you should stay away from them. Any reputable firm or company would be a part of the said organization. Do not ever doubt that.
  • Is he or she an independent adviser?
    A ton of financial advisers enjoy various levels of independence. Basically, an independent financial adviser must provide you a service which is anchored with the needs of the products being offered all across the market. Once an adviser is not yet independent, there is a big possibility for his or her own product to be promoted. This is not fair in anyway.
  • How much will be the charge of the service?
    A tenfold of advisers out there give off initial consultation. It is crucial that you have a full comprehension of the future costs which may be incurred in the future. Aside from this, it will be vital to agree on what has to be paid. Meaning, identify if the whole work is of fixed charge or commission basis. Know any of these.
  • Have you conducted a research?
    Prior to starting anything, it is vital that you do your research. You should not forget your obligation because awareness is always a basic aspect here. If you want to avoid having to face risks, do not fail to do your assignment. This is the only way so that you may build a rapport eventually.

With everything, do not forget that trust is essential. You can establish this once you have developed a rapport with your adviser. This is a chance to get the help you deserve. At the end of the day, it is a skill that you just do not master overnight. Get the support that you can.

How to Attain Financial Fitness in Singapore

The Foam Henge Blog, Finance, Saving
How to Attain Financial Fitness in Singapore

There has been an incessant increase in financial awareness today. As a matter of fact, more and more financial adviser representatives are recruited most especially in Singapore. It is said that there are tons of financial adviser representatives out there as compared to doctors in Singapore. Despite the expertise increase, most adults are confused about the way financial planning transpires. Should this be a problem?

Understanding Financial Advising

For anyone who is clueless, it is high time that he or she understands the idea of financial planning. Financial planning goes with a complex nature. This is why you have to ensure that your financial plan is tailor-made for you and your needs. It has to come with unique circumstances and financial positions. These are some of the features that have to be understood:

  • The first step that has to be done is for debts to be settled. If you have one, ensure that you are able to fix it so that you can simplify your life. There are bank loans in Singapore which are settled per annum basis. This only goes to show that there is always interest which is charged in a yearly basis. So it has to be arranged accordingly.
  • Do not fail to build a safety net. The reason why financial planning turns out to be a complicated process is because there has been a sequence of wild cards involved. The events that hinder the growth of your wealth are theft, layoffs, car breakdowns, hospitalization, flood and fire. This should not occur if you build a safety net. When you do this, you steer in using the fund you have whatever happens. You must be strict to this whatever the circumstance is.
  • Be in the forefront of investing your income. You must allot at least 10% to 20% of it. The truth is that investment has a crucial role in financial fitness most especially in Singapore. This occurs considering the CPF contributions too. As this is the idea, it should not hurt to invest in a total of the given percentages on your monthly income. This is the answer in the building of wealth. You will definitely have a stream of your income unless you are already set for retirement. As this is the case, you must keep a constant flow of income regardless of you exerting a lot of efforts or not.

Financial planning is crucial. But remember that life is not only about protecting yourself for the future. Still, you have to make the most of what you have in life. Enjoy it if you must. Do not fail to invest your income too. There is nothing wrong in allotting a part of it for that. This should occur even if you are already done settling all your expenses. Even if you are paid with all the expenses you have, you have to make the most of what you have now. This will definitely put balance to your life.

The Advantages of Personal Loans

The Foam Henge Blog, Finance, Money
The Advantages of Personal Loans

Guaranteed personal loans refer to loans you can obtain right away. They provide approval without the borrowers having to wait for a long period of time. As this is the idea, most people seek for this type of loan when they are in need of money fast. It cannot be denied that this is crucial today because the cost of living is really high.

More and more companies and moneylenders with lesser paperwork are around these days. They approve applications without giving the borrowers a hard time. If you are one of these people who seek a personal loan approval, these are some of the conditions you have to be guided about:

Conditions to Qualify for a Personal Loan

  • Show a good and clean credit history. In case you cannot speak about your credit score yet, to earn a credit report may work initially. This can show your status too which is important in the venture.
  • You may not have a good credit report. This is understandable. As a matter of fact, it may happen to most people. If this is your situation, you need to initiate in doing some credit repair. There are guides on the internet so that you can complete this.
  • Secure a number of assets or property that you can provide for security purposes. This should work most especially if you aim for a large personal loan. This is also the best in case your credit history is not yet perfect.
  • Provide documentation and paperwork needed. Usually, the bank or lender will ask for these. They consider all these as a proof of employment.

If you know for yourself that you fit on the conditions above, there is a big chance that you earn a loan approval. This can be easy and quick. As with payday loans, the amount of loans is small. This is why it is simple to seek approval.

What are the advantages of winning a personal loan then?

  • Personal loans can be a source of additional funds. They are utilized to answer requirements and financial needs. These loans can always be borrowed and obtained from banks and other lending institutions out there that charge a particular amount of interest which comes from a borrowed sum.
  • There are many individuals out there who employ these cash loans to settle for outstanding debts. They also use them for education or the settlement of medical bills. This happens because the personal loans are the most appropriate emergency fund.
  • Personal loans are the best when it comes to bridging financial expenses, they may feature planning a vacation trip, managing wedding expenses, purchasing your dream car, renovating your home or paying your credit card bills. All of these can be settled through the fund.
  • The fund can be perfect if you want to start up a business. This can also grant you your much-needed financial security which is usually in the initial stages of putting up a business. This may work too!

Factors to Review before Applying Loan from Licensed Money Lenders

The Foam Henge Finance
Factors to review

Here’s the truth – licensed money lenders will not come close to traditional banks we are used to. They cannot be compared. To the latter, you have to observe measures so that you will not be rejected in applying for a loan. This can be quite complicated.

Not everyone has the capacity to go to a tedious process of loan application anymore. This is the reality. If you are one of these people – it will help for you to discover other money borrowing avenues in which you may benefit from. That is when non-traditional loans come to place.

Once you have decided to pursue an application to licensed money lenders instead, the next step follows – searching for the right company. Do not underestimate this. This can be a bit tricky because there is a tenfold options available around. As this is the case, you have to be knowledgeable.

 

How Do You Choose the Right Money Lender for You?

Here are the important factors that you have to review in order to find the right company. Please take a look at them before hiring anyone. What are these?

  • Connections to the industry – This speaks about the lenders, and the investors they are partners with. It is crucial to ensure that they are well-affiliated. This is where their tools, and purposes will somehow depend on. As you do this, you can access more cash without having a hard time at all.
  • Background and Experience – In the midst of your research, do not fail to ask for the background, and experience of the lender. Know if the provider comes with a portfolio of successful deals in the past. This is a chance for you to take a peak on their expertise. This is also a way to know more about the feedback of the customer so that you can be guided in picking.
  • Focus on the local market – This implies that you have to check on the local estate market before you go for the loan. If it is performing really poorly, then there is a great chance that the rate crash may skyrocket. We are trying to avoid this. So, take time to facilitate a research for the local market. This should be done keenly. This will ensure that you only go for decisions that are working on your best interest.
  • Learn from character references – At this point, it is important that you check the competence of the provider you are eyeing for. There is no other way to confirm this than to talk to the people you know. Maybe, they have used the same service before. Their personal experience can be a point of reference here. At least, you get to enjoy reliable comments which you can really use in choosing.

 

The aforementioned are just some of the tips you have to employ in working with lenders. As an addition – look for their state licenses too. This is too important not to be given attention.

The 6 Step Millionaire’s Guide To Investing Your Money

The Foam Henge Finance, Money
The 6 Step Millionaire’s Guide To Investing Your Money

Investing your money is easy, but smart investing needs to accommodate to your needs and lifestyle. Today we show you the various, maybe a little less known ways to invest and be smart about it.

 

  1. STOCKS

 Firstly make sure you know what you’re doing, or find someone who does. If you don’t know the difference between individual stocks and equity mutual funds, maybe you should let someone else take care of this for you. Set your budget, create an account and never, EVER invest with your emotions.

 

  1. GO INTERNATIONAL

 Many people like to stick with the American Stock Exchange in order to invest their money, however it is in your best interest to do your homework and see what else there is in the international stock market in order to maximize profits.

 

  1. HEDGE FUNDS

 Hedge funds have had a tumultuous past, making waves in the past few decades, but continue to bring higher returns than other investment options. If you choose to go down this road, make sure you can do without the money for a longer period of time. Hedge funds require for you to lock down your money for at least one year at a time.

 

  1. BITCOIN BONANZA

 Bitcoin investing has been slowly gaining speed in the past few years. Cryptocurrency is a huge movement that is becoming more and more commercial by the second. Increasing in the past year by more than 750%, bitcoin investing may just be the answer for you.

 

  1. GO FOR GOLD

 Investing in gold is always an option, because prices may increase and decrease over time, however the fact of the matter is, the gold is always physically in reach. It may not be a short-term solution, however it has shown that holding onto gold is always a good idea as it maintains or heightens in value.

 

  1. PROPERTY INVESTMENTS

 The great thing about investing in property is that it can partially pay itself off. If you have the equity to invest in real estate it is a smart idea to do this. Purchasing property can have its qualms along the way, however you always have the option of renting out space as a home or to a business. In doing this your payments can be reduced drastically and by the end of it all? You will have a property which you can later sell, creating a return profit that will have you singing all the way to the bank.

Investments can be a daunting task for many, but the truth is it’s not rocket science. The secret is to find the investment that suits you as an individual and the rest will all fall into place.

Back To Basics – The Fundamental Rules That Everyone Always Forgets About Saving Money

The Foam Henge Finance, Money
Back To Basics – The Fundamental Rules That Everyone Always Forgets About Saving Money

Can’t remember the last time you had some spare cash lying around? You soon will because we are giving you some simple, yet efficient ways which will have you saving more than ever.

 

MAKE IT A LONG-TERM RELATIONSHIP

Want to go to the Maldives, but waiting for your next lifetime where you may have a better financial track record? You don’t have to. Make a budget of how much that dream trip is going to set you back and start saving. Each month, as soon as your paycheck comes in, set aside the money you have allotted and in a few years you will surely be feeling the warm sand between your toes as you gleefully sip that cocktail on the beach.

 

BUY A PIGGY BANK

 It may sound silly and frivolous, but trust us – it works. Each night empty out your coins from your purse or wallet into your piggy bank. By the end of the month you will have saved probably more than you have in the past few years. With this money you can afford fun date nights, put the money towards your children’s college fund or make an emergency stash to save you on those rainy days when your car decides to stop working or your teeth happen to start aching.

TREAT YOURSELF ON THE REGULAR

Give yourself a monthly treat budget. Make sure to keep the amount the same each month and place the money in an envelope or drawer, but always keep the money in the same place. This treat money can be spent throughout the month on whatever floats your fun boat. When the money runs out wait until next month for your spending adventures and stick to money savvy outings instead.

 

Saving doesn’t have to cost you the lifestyle you have already become accustomed to. Follow these tips and allow yourself the ability to save and enjoy your life at the same time.

5 Simple Ways to Stop $pending Your Hard Earned Money

The Foam Henge Finance, Money, Saving
5 Simple Ways to Stop $pending Your Hard Earned Money

Do you find yourself constantly rummaging around the bottom of your bag searching for spare change even If it’s not the end of the month? If you’re struggling to stay afloat and cannot remember the last time you had change to spare it probably has got more to do with your spending than anything else. Take a look at the tips we have which will send you on your way to your next tropical holiday instead of loathing life on the regular.

 

#1 TAKE NOTE ON WHERE YOUR PENNIES FALL

For the forthcoming month make it a point to only use your debit card wherever you spend. From buying the groceries, home furniture to paying for your fuel. Now we know this is a task, but any money you take out at the ATM should also be documented. From this you can pinpoint exactly where and how much money you spend where.

 

#2 ALL ABOUT THE LISTS

Make a list the next time you find yourself heading to the shops. One of the best secrets to saving money? Simple! Stick to the list. Don’t look left, don’t look right. Keep your eyes on that list and do not veer from it.

 

#3 CALCULATE HOW MUCH TIME THINGS COST

If you are unsure about buying something, this is one of the best tips we have which will help make your decision. Calculate your wage to the hour. Next, ask yourself whether that particular item is really worth five hours of your working life. If not, let it go.

 

#4 SLEEP ON IT

Again, if you’re not sure about spending one third of your monthly wage on a new winter wardrobe, put the items on hold. This will stop you from compulsively buying half the store. When you do come home be adamant in checking if this is a necessity or not. Talk it over with your partner for further insight. Alternatively if we really are talking about a new clothing collection, open up your wardrobe and have a look inside. How many of the new items can be integrated with your things already living there. This can work for anything, not just clothing.

 

#5 BURY YOUR CREDIT CARDS

It’s understandable that it is more and more difficult to go through life without the help of your credit cards, but the fact of the matter is that you do not NEED to take your favorite cards everywhere. Bury them somewhere safe and only take them out when you have selected something that you know you need. We’re talking beds, furniture, health issues, etc.

You don’t have to be Einstein to stop spending where you don’t need to be. Now that you have these tricks up your sleeve we know you’re going to be smart about spending.

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