Archives For Corey

Buying car, life, and homeowners insurance are all ways to protect yourself from the unexpected.  However, despite all efforts to prepare, life changes can affect your insurance policies in ways that may surprise you. No matter what types of life insurance policies you currently carry or how you insure your current vehicle, the changes you endure in life may change your coverage, and being aware of them can help you prepare and protect your finances.

1.     A Change in Income

A change in your income, whether you are going to be making less money or more annually, can have an unexpected impact on several of your insurance policies. Depending on the change, you may qualify for new discounts, special incentives, and other perks. However, if your income will be dropping, you may want to report it to your insurance company right away, as your insurance agent may be able to adjust your premiums and make payments less of a burden.

2.     A Marriage

Getting married can impact your life in many ways, but one area you may not consider right away is how this union can change your insurance status. For example, if you are a single woman and then get married, your name change and your marital status should be reported because you may have to merge your existing policies with those of your spouse, or it may be necessary to create new ones. If you and your new spouse plan to have a joint auto policy, this may save you money, so it is something to consider once you are married.

Getting married can also cause significant changes to your life insurance policy. You may want to change your beneficiary, or your spouse may want to add you. You might want to review your policies with a qualified agent to ensure they are modified in a way that will cover your both.

3.     Birth of a Child

The birth of a child is one of life’s most blessed events, but it can also be one of the most life changing as well. Being responsible for the care and protection of an infant will now be a major priority for you, and as such, you may have to adjust one or more of your insurance policies to include your child as a beneficiary or include him or her under a blanket of coverage.

If you adopt an older child and he or she is old enough to learn to drive, adding him or her to your car insurance policy may cause your rates to go up because of their age and driving inexperience. If you live in Northern Ohio, you may want to contact a Cleveland insurance agency to assist you in reviewing your car insurance, as the experts there may be able to help you find discounts and more affordable premiums.

4.     Buying a New Home or Car

You should notify your insurance carriers right away if you plan on buying a new home or auto. The size of home you buy or the type of car you choose could radically change your insurance coverage.

Life can change unexpectedly and change your insurance status as well. However, it does not have to result in higher insurance premiums or policy confusion, especially when you take steps to plan for the future.

While Christianity is filled with competing voices like anything else, there are many things that I see as common sense. One of these is caring for the environment. Maybe I am naive, but I think it only makes sense that God would want everyone to care for the world that God created. Why would any creator create something and not care if anyone destroyed it? To put it simply, God DOES care whether we preserve the environment that we are responsible for.

This may sound a little idealistic to many of my readers. And in many ways, it is. It is idealistic. It is one of those “perfect world” attributes. It’s idealistic because real life is much more complicated than caring for the environment or not. Most of us probably drove to work today, emitting CO2 along the way. It’s easy for someone else to say that you need to take public transportation, live within walking distance, or bike to work, but it’s much more complicated than that, isn’t it? We obviously need to work and earn a living for our families, but at what cost to the environment. Until recently, there was no easy solution to this dilemma.

What’s changed? The introduction of the hybrid or the eco friendly car. Along with the invention of hybrid or electric cars, we have seen the fuel efficiency increased of cars and the potential for decreasing the CO2 emissions. Today, I’d like to talk about whether the hybrid is a necessity for bible-believing Christians.

Green Bible Verses

For those who don’t agree with my basic premise that environmental concern is a Christian theme, here are several passages that illustrate the green theme within the Bible.

Genesis 1:31

“God saw everything that he had made, and indeed, it was very good.”

Numbers 35:33-34

“‘Do not pollute the land where you are… 34 Do not defile the landwhere you live and where I dwell, for I, the Lord, dwell among the Israelites.’”

 Psalm 19:1

“The heavens are telling the glory of God; and the firmament proclaims his handiwork.”

Revelation 11:18b

…destroying those who destroy the earth. 

While I don’t have time to give the context of each of the above passages, suffice it to say that each one supports this idea of preserving God’s creation. Throughout the Bible we are told to preserve that which God has given us. Why would the earth be any different?

Why You Should Get a Hybrid

Getting a hybrid car may seem like an unnecessary expense (or too costly of an expense to justify the reward), but it is well worth it. In fact, there are a number of benefits for getting a hybrid.

  • Lower Fuel Costs – The obvious savings on gas is huge. If you look at the best green cars and see that they get 50% better MPG, that means your fuel costs are 2/3 of what they used to be.
  • Less CO2 Emissions – While this may also be obvious, people fail to realize how much lower Carbon Dioxide levels benefit them. It not only means less pollution to the earth, but also lower rates of environment-caused diseases/medical conditions.
  • Increased Focus on Hybrids by Manufacturers – Another benefit of buying a green car is that it notifies manufacturers that consumers want more fuel efficient cars. Manufacturers want to make a profit, so they will target their products appropriately. Think about how big of a change the car industry could have if consumers demanded more fuel efficient cars. It is starting to move that way now with completely electric cars, but it still has a long way to go.

While it may take a few more years for hybrid cars to become popular, it doesn’t mean that you should wait. The increased affordability and instant savings in gas should be enough. If it isn’t, consider your ethical commitments to preserve that which God created.

It is tax season again and you may be asking yourself, “Should I invest in a tax professional this year?” Depending on your life circumstances and the complexity of your taxes, the answer is probably yes. While we may like to cling to our tax software that allows us quick access and less face-to-face communication, sometimes there is nothing like the real thing. A tax professional can help you with a myriad of issues regarding marriage, divorce, new children, small businesses, deductions, and so much more. If you are still unsure as to whether you should hire a tax professional, here are the reasons why hiring a professional could work in your favor.

Save Money in the Long Run

In the beginning, it may seem not worth it—why pay money for something you can do yourself? The difference between you and a tax professional, however, is that they have spent many years studying the subject of tax law and refining his or her accounting skills. You may have to pay a $250 fee, but the deductions they can find will add up over time to create a much bigger refund in the end that far outweighs the cost.

Save Time

Let’s face it, in your busy life, you simply do not have the time to invest in your taxes. Or rather, you may have the time, but why do it yourself anyway? If you are an especially busy person obligated to your job, your family, or other priorities, you may be spread too thin to possibly take on one more task. Not only is doing your taxes actually taxing (no pun intended), but you are likely to make more errors if you are under additional stress.

Reduce Errors

As mentioned above, there is always a chance you will make an error. In all likelihood, however, a tax professional will be more adept at finding potential errors and either preventing them or fixing them. This will reduce the chance that the IRS contacts you with a discrepancy or that you suffer a penalty for some unintended reason.

Get Expert Advice

There are tax professionals, such as financial analysts and certified public accountants, who are more than qualified to give you his or her expert advice. This is something that tax software can’t do—put a human touch on the finance experience. Form a business relationship with a tax professional so that you can consult them in regard to you financial future. Whether you wish to fine-tune the finances of your business, ensure the financial security of your family, or plan your next vacation, there are many ways a tax professional can put you on the right path in order for you to achieve your goals.

Representation During an Audit

If you ever have a reason to be represented before the IRS, many tax professionals are qualified to do so. Attorneys, enrolled agents, and certified public accountants are all certified by the IRS to have unlimited rights to represent the tax payer before the IRS. Whether you received an undo penalty, an audit, or a Notice of Intent to Levy, a tax professional can ease your troubled mind by putting in the muscle-work for you. Their dedication to supporting you will prove to be instrumental as you navigate those times. In addition, audits have increased. You are more likely to get audited more frequently now than in the past. Therefore, you will want someone on your side who can gather all of your records or and represent for you. If you are having issues regarding your taxes, a professional can help you by helping you benefit from the IRS fresh start initiative.

Peace of Mind

At the end of the day, it just feels better to know that you are in good hands. A competent and ethical tax professional will work to give you the best out of your refund while remaining in the bounds of tax law. You can be confident that your trusted tax professional will look out for you and your financial wellbeing.

 

Everyone from small individual traders to big investors need to find a balance in their daily routine, in order to develop healthy trading habits. Many traders using online trading platforms such as XTrade Europe, learn to develop a routine that benefits their needs. With so many trading markets available, it’s sometimes hard to focus on one style of trading. Trading over many markets isn’t always a bad thing, but best left to the more experienced trader. Many new traders struggle with sticking with a single trading method long enough to see it play out. Taking on various types of trades at one time or dealing with many different markets at once may limit your success.

To keep focused, just remember the simple logistics of online trading:

Keeping tabs

Stick to one market at a time. Trust me, you won’t die of boredom if you do this and focusing and mastering one market can result in a much greater return from your trades. Keep track of your trades; wins and losses, remembering to check back on your trading history at least once a week. Professional trading platforms like the one XTrade Europe has interfaces specially designed for you to easily keep track of your trades.

Plan ahead

Starting with the Sunday financial news is a great way to prepare yourself for the upcoming trading week. If you are not the type to relax with the papers (online or not), you can easily set up new alerts through your email account. You can also find useful tools which offers the latest information through newsletters and market reports.  It’s also a good idea to plan out the week’s key chart levels at the beginning of each week. Keeping track of the market offers vital knowledge such as distinguishing current and future trends in the market.

Curb your losses

Sometimes intuition fails us and loss happens, it’s just a part of the trading process. But following simple steps such as the ones above can teach you to curb your losses and increase the number of profitable trades you make each day. Educate yourself through professional tools such as XTrade Europe’s Academy, which offers online courses and “Webinars”. Once you focus your efforts towards mastering a single market, you will see just how quickly your trades will turn around to wins.

Setting your daily goals

The future is now. There is no better way to plan through the logistics of online trading, other than to begin with setting a target for today. Day trading is a big part of online trading markets. They offer you the chance to buy and sell within “working hours” and leave you rested at night and fresh for the next day’s markets. Online trading platforms such as XTrade Europe, see a great number of day traders increase their trading profits through constant day trading. Setting your daily goals not only builds your confidence but prepares you for whatever may come throughout the trading day. The first step is to identify pairs that are trending either up or down so we know the direction we should be looking to trade. This will become much easier since you would have already checked the daily analytics and ask based on educated decisions rather than just “Gut feeling”.

Remember, keep track of your trading history, that is a valuable map to your future trades going well for you. Organize yourself and your trading strategies based on your history and the history and updates of the financial markets. Learn from your past missteps and educate yourself based on current trends and past experience. Set yourself a goal before you begin your daily trading. Forming a strong trading strategy will help you whilst making multiple trades each day.

Although we all knew the UK entertained a Brexit situation, not many believed it could happen, and a few made money when it happened. What is the situation now and how can it affect your portfolio?

At XTrade we like to keep an eye on the future without loosing sight of the past. Of course, we do not stare into the past, but we know that understanding the past can prepare you for the future. Would you not agree with that?

If so, have a look at what has happened since the Brexit announcement. The first signals were “SLOW”—like what you see written on the UK roads when you approach a tight curve or a crossing. Manufacturing exporters may have benefited a bit, but the GBP seemed to explore the depths of the GBP-USD chart, reaching its lowest point in 31 years, and the UK-centric FTSE 250 sheered abruptly.

What was the reaction of the bank of England? They clearly indicated that in August, interest rates would be cut.

In view of this, it is completely understandable that consumers and business confidence plummeted.

XTrade’s Advice for Investors

XTrade agrees with the majority of experts when they say that it is wise to be cautious. What usually happens in big-impact situations like the Brexit? Normally there is an instinctive reaction, the same as when you hear the horn of a car behind you—you jump. But what if the car is not beeping at you, but at someone else? If you instinctively jump you could actually be putting yourself at risk by moving towards the car. So, first make sure of what is happening and then take the right action, if necessary. We say if because at XTrade we are aware that many investors’ outlooks may have not changed, therefore it would not be advisable to change their strategy.

Nonetheless, it is evident to all that the vote to take the jigsaw piece with the English flag away from the European puzzle can and will have big consequences for investors which will affect their pensions, properties, and even the capacity to trade collectibles.

Should I Buy Government Bonds?

The reality is that while the future of the economy of the United Kingdom is a bit gloomy since it lost the AAA rating, quite a few investors seem to be purchasing UK bonds, why? Well, that depends on the amount of optimism they have.

For those who believe that the UK economy will thrive as a result of the challenge presented by saying au revoir to the European Union, buying fixed income securities right now may not be the best idea.

However, what would happen were inflation to continue lethargic over a long period of time? The Bank of England would be obliged to kick into action and cut rates, in which case it would be beneficial for you to lock in the interest now, before it goes into a tailspin.

So far, UK government bonds have managed to be one of the top assets, recompensing owners—or those who trade CFDs with XTrade—with substantial returns. And it is quite likely that the Bank of England will work to support UK government bonds.

When you have bad credit, securing a loan for any purpose is a challenge. The more inquiries you have into your credit report, the harder it will be to obtain the loan. It is ideal to try and clear up a few small accounts on your credit report before applying for a loan to aid your chances of approval. There are a few other options discussed below to help you get the funds you need quickly.

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For any of you who know anything about Uber, you will know that it is a mobile application that has absolutely revolutionized the taxi business by putting the power and speed of finding a taxi into the hands of the average consumer.

Now, we believe for a number of reasons that the mortgage application process is about to have its own Uber moment by speeding up the mortgage process exponentially.

Reason One: Mortgage Calculators are Readily Available

Truly, the number of easy-use mortgage calculators on the Internet has grown in an incredible fashion over the past three years. Take Yorkshire Bank’s Mortgage Calculator for example–it quickly educates a homebuyer about the amount of house that they can afford, what they would have to pay back each month, and how long it would take to service the mortgage. This absolutely revolutionizes the education process of everyone attempting to get a mortgage, and this is just one basic example of the thousands of phenomenal software out there that can now help with mortgage value calculations for consumers.

Reason Two: Rocket Mortgage is Changing the Landscape

For those who don’t already know, Intuit (the same company that made QuickBooks and Mint Personal Finance) has recently released a new mortgage application mobile app that allows individuals to find and obtain a great mortgage after just a few button clicks. The name of this application is Rocket Mortgage, and it drastically speeds up the mortgage application process.

Reason Three: Technology is Fixing Basic Economic problems

For those of you who remember the housing crash of ’07-08 in the United States that killed the American stock market and reverberated around the world financial markets, you will know that the problem began with banks providing loans to sub-prime borrowers. In reality, this is a practice that has occurred in many countries to the detriment of the entire global economy.

Now, not only does Consumer Reports argue that Rocket mortgage has increased the mortgage application process, just as Uber increased the “find-a-taxi” process, but Forbes also argues that the entire Internet, tech-age will improve the processing of electronic mortgage application documents in all new ways as other online mortgage providers flood the marketplace.

Furthermore, this writer would argue that, by allowing the entire mortgage process to be carried out online, this will greatly eliminate systemic economic risk that occurs by allowing people (who have compassion) to provide sub-prime borrowers with mortgage loans simply because they feel for the borrowers’ situation. Since a computer only sees numbers and figures, we will no longer need to fear whether or not a sub-prime borrower is being given a loan they can’t balance because of a human error.

Take no doubt, the mortgage market is absolutely undergoing its own Uber moment even as we speak.