There are certain aspects of the upcoming generation’s stereotypical financial narrative which are not helpful to the generation to which they are applied. “What’s the stereotype?”, you ask. We’re talking, of course, about the Millennials who were just coming over age when the recession hit. They went to liberal arts college, but when they graduated there were no jobs so they went and worked at Starbucks instead, alongside people who never went to college. Five-figures in debt due to student loans, the poor Millennial is behind in life, with little hope for achieving even a measure of the financial opportunity afforded to his or her parents’ generation.

Sound familiar? This narrative has been stitched together by many studies and dozens of web articles. And while it’s not untrue, it doesn’t account for many Millennials who are finding a way to beat this narrative. One of the best ways they are finding is by buying a house.

Houses are only affordable to young people, with normal jobs and no special provision from family, within certain markets. We’re talking about economically depressed/recovering municipalities like Baltimore real estate, Detroit, and Buffalo. Millennials are buying fixer uppers in these cities, many times for less than $100,000, and renovating them while they pay sometimes less than $500 a month on their mortgage. Tiny mortgages like this leave them a lot of wiggle room financially, and also enable them to start building equity.

For those who are unfamiliar, equity is the building block of all real wealth. It’s wealth tied up in property, especially property which can be later resold for a predictable sum. A house is a perfect example of an equity-holding property. This is due to many factors, including houses’ tendency to increase in value by 2-4% every year. This means that the money spent to buy a house will only “increase” in value, insofar as one steady mortgage payment monthly is used to own increasing portions of a house that is actually becoming more valuable.

Some Millennials are insulating themselves from the possibility of foreclosure that ran rampant through the last generation of homebuyers, using payment protection insurance. The PPI deadline is rapidly approaching for homebuyers in the UK who acquired PPI without their knowledge or consent. But this doesn’t mean that the underlying product is bad, only that it must be sold to someone who really wants it. For young homebuyers without strong career momentum, it could be an important tool in preventing foreclosure.

In addition to equity, homebuyers can write off mortgage interest payments on their taxes, essentially making the mortgage portion of the loan free. Tax writeoffs, equity, and appreciation are powerful tools, which combine to turn a well-chosen and maintained home into a gold mine for young people looking for ways to jumpstart their financial lives. So if you are interested in buying a home, but have never seriously pursued the option, save up for a down payment, work on your credit score and history, and start looking for affordable houses in affordable markets. It could make all the difference in your financial life.

It’s hard to look at the same boring walls day after day while your friends are remodelling. With the high cost of labor, home renovations – even something as quick as a paint job, can cost hundreds of dollars! It’s no wonder that people love reading articles about DIY home renovations that transform your home from drab to fab on the cheap.

Garage Sales

When sprucing up your home, garage sales are you best friend! The saying “one man’s trash is another man’s treasure” has never been more true than when it comes to looking through garage sale items.

At garage sales, look for cheap furniture which can be re-painted in a fun style! Look for framed artwork which can be painted over or recycled to frame your latest awesome painting. Some people will even sell their leftover paint. That means that for a few dollars means that you can paint yourself a gorgeous accent wall for next to nothing.

Look Online

Online, you can find people willing to sell or barter for anything. Are you nervous about painting? You can easily search for students or handymen looking to get extra money by doing odd jobs. Make sure you interview them to find the perfect candidate. If you pick right, chances are they’ll take their time and do a fantastic job.

If you’re hoping for something a bit more complicated, it’s definitely time to hire a professional. While hiring a random person is the cheapest option in the short-term, in the long-term… well, you don’t want to risk major renovations to someone who isn’t professional.

Many people might think that hiring professionals is too expensive. By looking online, you can find a ton of loan options from lenders all over the world like www.stkfinans.no. It doesn’t really matter where you find the money, as long as the loan fits into your long-term financial plan and your renovation turns out great!

Renovations don’t have to cost a lot of money. You can find a bunch of DIY ideas online which can be implemented for next to nothing. By attending garage sales, you can find lots of decorative items to make your home cosier and more exciting. Online, look for items that’ll fill the missing gaps in your decor or hire someone to do the work for you so that you can kick back and supervise with a margarita. There’s no excuse for a boring apartment!

It’s important to understand the benefits and drawbacks of the different types of credit card available, as well as what they should and shouldn’t be used for. Thankfully, gone are the days of walking into your local high-street bank to apply for a credit card; this is no longer the only option. The internet allows consumers more power than ever before to compare online credit card offers and obtain the best deal for their particular situation, without ever having to leave the house. With the number of people doing their banking online rising exponentially, it’s worth using the internet as a tool to shop for the best credit card deals.

Those looking to shift debt onto a cheaper card will be looking for a balance or money transfer credit card. These essentially allow debt to be moved from one card to another, which is typically associated with an interest-free period, thereby reducing the cost of the debt long-term.

It pays to shop around online for different credit card offers online, as card providers are in constant competition to provide the longest interest-free period and transfer fee. It’s important to remember that the point of these cards is to consolidate debt, so using them for purchases on top of any consolidation could lead to unexpected interest charges.

However, consumers who are looking for a credit card to use for everyday spending, or a one-off purchase, do have an alternative option. Many credit card providers offer these types of cards with a set interest-free period on purchases, or at least very low interest rate. If done properly, this can make the cost of borrowing on a credit card cheaper than taking out a loan.

There are also other lesser-known types of card available, which specialize in reward schemes such as cash back for example, or cards that can be used for spending overseas without the usual, pricey exchange rates.

Consumers with poor credit scores may feel locked out of the best deals, and it is true to an extent that the offers will not be as good for those who have a bad credit history. That being said, there are credit cards available for these consumers. Although they’ll usually carry a higher interest rate, these cards can also help to rebuild your credit rating when repaid in full and on time.

One of the biggest advantages to shopping around for online credit card deals is the convenience of being able to do so from the comfort of your own home, on a computer or mobile device. Providing no supporting information or documentation is needed, the majority of applications can be completed from start to finish over the internet, with the credit card and PIN number being sent through the post. This is an ideal way of working for the banks as well, as they are under more pressure to go paper free.

When venturing into the market for a credit card for the first time, it can seem daunting how many options and different card providers are available. However, a quick internet search for credit card comparison websites will rapidly return a long list of finance comparison websites who can help to compare the best deals currently available for each type of credit card. There are also many forums online where it’s likely the same key questions have been asked and answered before.

Whatever you choose, it’s important to understand your own needs before applying for a credit card, as well as understand what you should and shouldn’t use the card for, in order to avoid any unexpected interest charges.

Technology has become an integral part of the business experience. The power and reach of websites has been elevated thanks to the arrival of mobile internet technology. One particular element of the online experience that can be put to good use in any industry is social media. Websites and applications like LinkedIn, Facebook, Twitter, and more can ease communication goals, allow for quality engagement, and provide precise marketing strategies. The keys to any social media strategy involve organization and planning, which means there are a few ways to enhance the effectiveness of social networking in any business.

Separate Accounts

With a number of different social media sites available, utilizing different service for particular clients can greatly simplify the experience. For example, users attempting to secure access to a particular corporation, like the M1 Group for example, are usually seeking to connect to Azmi Mikati because of his position as CEO. By separating accounts dedicated to business from personal accounts, the total advantage of social media can be harnessed.

Pictures

People respond to visuals, and since cameras exist on just about every device imaginable, putting images to use in social media should be priority for any business. To eliminate any potential confusion, pictures should be focused, well-lighted, and clearly state a relationship to the company. For directory type of social media accounts, a professional portrait of the individual should be used because it could be the first thing any customer or potential employee sees.

Links

The gift of the internet allows pages, profiles, and social media accounts to be linked together in a finely choreographed dance of information. To avoid sending users to the wrong pages or locations, links should be verified. In addition, search engine optimization strategies utilize links, which means some adjustment might be in order to get the social media page to appear higher in search rankings.

Complete Profiles

Information is at the heart of the internet. Because social media deals with companies, rank and file employees, and executive officers, a complete profile is of the utmost importance. While a few short sentences can give users a clear look at the company or individual, a few well thought out paragraphs can remove all doubt. In short, a little more information is much better than too little information.

Easy to Find

Social media is a phenomenon that counts billions of users across the globe. The chance of similar names, duplications, and omissions making an account hard to find is always a distinct possibility. Companies, organizations, and individuals want to make sure their profiles are easily distinguished from the pack. A combination of images, names, and other indicating factors can help ease the process and make the company account much easier to find for customers, suppliers, and other stakeholders.

In the end, social media can be a valuable property for every business. Enhancing the effectiveness of the tool and elevating the reach of the page relies on a lot of factors. By using complete profiles, relevant pictures, and making the page easy to find, companies and organizations can increase traffic to websites, smooth communication challenges, and seize a number of marketing opportunities. Use of technology is increasing as companies strive to optimize processes, and social media is playing an integral part of those plans.

It’s common for businesses to look for financing during the early stages of operations. However, the ideas behind some businesses is so foreign or unexplored that traditional investment companies are weary to take a chance with them. This is the purpose of private equity investment companies. They celebrate and provide funding for innovative companies such as Pinterest and Twitter, and they often require intuitive and successful businessmen to head them, such as Wes Edens of Fortress Investment Group.

Why Private Equity Companies Take a Chance on Innovation

Investment firms that offer private equity investing are often seen as valuable assets to the business world. However, there are two main reasons why they invest in forward-thinking start-up companies. First, their investments give them a chance to be on the ground level of potentially huge companies that are pushing the proverbial envelope. Second, the investors typically generate a higher return on their investments compared to other, more traditional portfolio investments such as stocks and bonds.

Risks Involved in Private Equity Investing

While these investment firms may be considered forward thinking for investing in start-up companies, they also undergo a lot of risk. No matter how interesting or grand the idea of a start-up company seems, there is always a chance that it may fail. Also, the investments that they make are illiquid, which means that they cannot easily gain access to their invested capital. For example, if a start-up company takes eight to nine years to execute an initial public offering, the investors have to wait that long before they can sell their stock in the company.

Why Investing in Forward-Thinking Businesses Is Crucial

Since there is a certain amount of risk involved with investing in start-up companies, it’s often wondered why private equity investment firms even consider giving funds to these companies. Without private equity investing, some of the most well-known companies wouldn’t be around today, including Google, which is now a huge company known around the world.

The Benefits of Being Backed by Private Equity

With such a great chance to see a high return on investment, it’s easy to see why investors are willing to take a chance on small start-up companies. However, this doesn’t explain why the companies choose private equity over traditional funding methods. Sometimes it’s because more traditional investment firms won’t take a chance on them. Another reason is because companies that are backed by private equity typically grow faster than other businesses.

Everyone Benefits From Private Equity

Private equity investing allows three major groups to benefit. First, the company that receives funding benefits because it now has access to the money that it needs to grow. Second, the investors benefit because they are on the ground floor of a company that could grow into something major. Lastly, the general public benefits because start-up companies wouldn’t be possible without private equity. Since there are nearly 7.5 million people employed by companies that receive private equity funding, it’s easy to see how it helps the economy.

In the end, private equity is often seen as a great way for small businesses to achieve success and grow into something more. The funding achieved from private equity provides business owners with the necessary funding to handle day-to-day operations. With these problems covered, they are free to focus on growing their brands.

If you are a business owner who is new to the arena of international commerce, it can quite a frightening – yet undoubtedly exhilarating – experience to step out of your local comfort zone and into the untested waters of a whole new global environment. Of course, you will be far from the first entrepreneur to experience this revelation but, for a moment at least, you may find yourself feeling quite out of your depth. But with a bit of luck and skill, and with excellent legal representation in your corner, you will soon master the art of the international deal.

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Removing the Stress of Debt

Corey —  September 25, 2015 — Leave a comment

Debt is stressful; no one enjoys creditors constantly putting pressure on to pay an outstanding debt. If you have been in this situation or still are then you will all too easily be able to relate to the scenario. The problem is that people under stress sometimes become desperate. They certainly sometimes make decisions out of desperation that they would not make if they were not under pressure and made those decisions with a clear head in the cold light of day. That said, debt will not simply go away; it cannot be ignored. However there is usually more than one solution to a problem. The secret is to select the right one.

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