All posts by cooldude

5 Ways To Kill Your Debt Forever

debtDebt not only weighs you down but also your mental stability. When the debt increases it brings your motivation down and for that you have to curtail down your debt to the maximum level. To clear the debts for the ensuing year is always a healthy habit. It is not easy to clear off all the debt at one go but there are ways by which you can clearly kill off your debt by some effective measures and methods. It is your choice whether you want to go the difficult path or the easy path. It also has benefits in the long run.

1. Remove isolation – sharing your sorrow of debt with others generates a calm mind. System of support is required to a large extent. Encouragement is what you will get by sharing your vows and many a times the support system offers ready solution for bringing down your debt level. Relief will be in your side when you get the proper solution from various heads. Get ideas if you cannot think.

2. Cutting down on expenditure – expenses which are mounting up day by day has to be cut down and then you will be able to bring down the level of debt. When you know where your money goes you will be able to track down the expenditure. Though it may appear to be laborious but it is an important factor. It is your own finance which has to be checked from time to time. Useless expenditure that you can do away with should be applied.

3. Acting right at the moment – delaying your payment of debt is extremely disadvantageous for the future as the debts will add up and then it will become difficult to bring the level of debt down. If you are unable to save for clearing off the debt store it up in bank for future use and also for a safety measure. Release of the burden off debt when it is just beginning to grow.

4. Generate more income – if the problem is low income and less saving then you can find ways to generate more income. If you already have sufficient income but unable to take save for paying debt then choose alternative source of generating income so that it becomes easy to clear off the debt. If you have spare time, use it wisely to finance for your solution and if that is not helping you you can sell something which you think is not as valuable to you to ease of the burden from your head.

5. Discipline yourself – you can set aside the money for debt each day and then be automatic with it. Be quick to discipline yourself as it will help you in dealing with the debt that you have to clear off. Motivation is important but as opposed to it dedication along with discipline will take you long way. Callous behaviour in killing debt brings animosity with your brain that has to be removed at all levels.

5 Negotiation Tips For Final Deal Price Of Property

deal price of propertyAre you about to buy a new home? Well, your home is certainly one of your biggest treasures and surely one of the biggest investments of your life. Many amateur homeowners are so emotionally carried away by the dream of having their own homes that they finally end up paying an unnecessary exorbitant rate. Make sure your emotions do not get to blindfold you when it comes to ensuring a smart negotiation on the final property deal. There are various strategies to mind while you are out on negotiation. Yes, you will have your broker with you to handle the negotiation affairs but it’s better that you too are ready with your homework.

1. Market study

Before you go out to argue on the selling price you must be careful about the present market scenario. The experts always advise to a thorough market research on similar type of properties so that you can have an average idea on their rates. If you can locate homes selling at significantly lower rates per sq.ft, then print out the information to utilize it during negotiation with the seller.

2. Don’t be too enthusiastic

This is one of the vital points to remember while you are negotiating for the final property deal. Even if you have got your dream home you should be reserved about your enthusiasm and keep it secret from the seller. If the seller somehow gets a clue about your enthusiasm then he can easily pose an exorbitant rate on the property, taking advantage of your emotions. So you should keep close guard on your motivation.

3. Understand seller’s motivation

You should try hard to understand the seller’s motivation. For example, if the seller is soon to move to a new place he will be in a hurry to sell off the property as early as possible. In that case he won’t waste much time on negotiation and might succumb to your offer as well. But then if the seller is not in a hurry to move out soon, you might have a hard time negotiating.

4. Estimate cost of repairs

This is another major tip to mind while you are looking for a smart negotiation on the property price. You would have to estimate cost of all necessary repair works on the property which you would need to meet after the acquisition. The aspiring buyer here can submit the estimate to the seller & request the sale to be contingent on completion of these repairs. In case, you want to get the improvement works done later, ask for a price deduction on the property. You must get a neutral thorough home inspection to find out all the needed improvement areas, including the hidden ones.

5. No insulting offer

Finally, it’s okay to bargain but never be too cheap with the offer. Many a times, over-smart amateur home buyers have lost out on some really potential homes given their negligence towards a really reasonable deal. The maxim here is to be reasonable with due respect to your budget.

5 Things To Remember Before Hiring A Home Inspector

Home InspectorA thorough home inspection is mandatory when you are planning to buy a new house. The sellers do not always highlight all the property defects and hence you must be careful to get a complete verification of the home to stay alert on all the shortcomings and chances of repair. In fact, it’s the inspection result which holds a tremendous influence on the buying price. Thus, your home inspector plays quite a significant part in your home buying decision and you have to be very cautious in selecting the right professional for it. There are a number of factors to keep in mind while you are looking for a reliable home inspector.

Market survey

There is no dearth of home inspectors in the market but not all can assure you complete satisfaction. According to experts, you must take a market survey on at least 5-6 potential home inspectors around before you zero in on one. You have to study their industry reputation and don’t forget to check the customer testimonials. The one you take to must be the most reputed of the lot, backed by a long list of content clientele. Make sure to check the license as well to guarantee a completely legit service.

Full time inspector

There are both full time and part time inspectors. Full time inspectors are more trustworthy than their part-time counterparts as a full time job implies better commitment & hence premium inspection. If you are looking for best inspection results, do not look beyond full-time inspectors.

Comprehensive inspection

Make sure that your chosen home inspector is ready to support you with a complete inspection coverage of the entire home. This includes the home exterior, windows, doors, walls, roof, foundation, basement, attic, crawl spaces and garage. Moreover the inspection must also encompass the electrical & plumbing components of the house such as the wires, AC, water heaters & central heating.

Seasoned & dynamic

Home inspection is a perplex affair that demands extensive professional knowledge. It’s suggested that you should always take to seasoned home inspectors, backed by more than 5 years of full-time home inspection knowledge. He should be equipped with all necessary certifications and credentials. Apart from being an experienced professional, the best inspectors are always updating themselves on the latest inspection nuances and equipments. The one you take to should be a dynamic pro who is regular with the advanced home inspection courses and tools to guarantee an edgy service for you.

Easily readable detailed reports

This is another very crucial point to remember while you are looking for a good home inspector. The inspector must support you with an elaborate report on every aspect of the house and that too in easily legible language. An ideal report usually carries 20-50 pages, packed with colored vivid images of defects highlighted. Any report with less than ten pages shows inadequate qualification of the inspector. Thus you should make sure to check out the previous inspection reports drafted by the professional while inspecting homes for previous clients.

Top 3 areas to invest in 2014

invest in 2014Looking for sound investment options to put in your hard earned money? It is but natural that you will look for options that are lucrative so that you can maximize your return on investment. Now, a common tendency is that you pick up options which seem cheap without considering its pros, cons and risk associated with it. You just pick up a commodity expecting that it will strike gold, however it is not only a risky process, but also time consuming as well. If you are seriously interested to invest, it is time to get real and take decisions based on solid information. Serious investment doesn’t come cheap absolutely. Since you will be investing your hard earned money, undertaking detailed research is a must before you take a step forward.

Stocks: Although they are great investment option, Stocks do not come cheap. But if you invest in a right way, they are one of the most lucrative options of 2014. Now, the cost of stocks have hiked in last 5 years by almost 150%. Especially when it comes to stocks of premium sector are taken into consideration they are the most reliable options to go for. Even stocks of small companies can make it to your “invest in list” in 2014. But how do we actually invest in stocks which seem a bit too expensive to us. Well, it is simple, you don’t buy them immediately, you take a small position. Wondering what a small/short position is, well, it’s when you bet that the stock will fall.

Real Estate: The next sector to invest in is real estate. The trend shows that the sector is on the rise, and would be great area to invest in. Before you invest in any property, make sure to check for the state of the property, the age of it, its location. These 3 things along with the condition of economy are the determining factor whether its price will increase in few years.

Gold: Investing is gold is also a great option for this year. The price of gold is steadily on the rise in the past few years and is expected to remain elevated as well. Hence, you can opt for this investment alternative for a good return on your investment. Now, there are quite a number of alternative to choose from when it comes to investing in gold. First, is directly buying the metal in slabs or coins. Besides that you can also buy gold bonds if you don’t want to stock up on the actual metal. You can also buy gold jewelry.

Family office advisor- A new trend

Family office advisorA family office refers to a private company that can manage investments and trusts for your family. The family’s own wealth which accumulates itself over a period of many years is most often the company’s financial capital.

Some of the services which a family office will provide you with include managing household staff, making travel arrangements and plans property management, accounting, matters regarding legal affairs, succession planning, etc.

For years on end, wealthy families have taken the aid of advisors to make intelligent and important decisions regarding investment as well as growth and protection of family assets for this generation and the next.

The trend for family office advisors only seems to be growing in this day and age. The term ‘advisor’ implying someone that sells investment products which make the need for autonomous private advice and counsel all the more important. More and more wealthy families seem to require the need of an advisor. As you can see, it is a much more holistic approach to managing your resources and family affairs.

What family office advisors provide you with includes:

• Preservation of wealth
• Financial planning of the family
• Risk assessment and management
• Planning of the Estate
• Allocation of assets
• Measurement of performance
• Amalgamation of wealth related professional services

Your family’s assets can be much more efficiently and professionally managed by a single office. It will coordinate all of the professional disciplines that may be required to manage the financial affairs of your family. They will provide an impartial as well as objective overview and integration which is very much so vital to long-term success.

Many investment or financial planners often sell products alongside their advice. However, there are some advisors who help you on a fee only basis and accept no commission and sell no products like bonds, insurance and stocks. You just need to find the right one.

Immediate Annuities And Who Should Take It

Immediate AnnuitiesImmediate annuities serve as excellent income resource post retirement. Now what are immediate annuities? Immediate annuity can be defined as the one where you provide a considerable sum of cash (retirement savings) to your insurance agency in exchange of guaranteed income every month. The immediate annuity holder would receive the monthly income till the last day of his life. You won’t be required to fill the deposits early as immediate annuities policy starts within 30 days of signing up.

Now, what can you do with your immediate annuity income? Well, the retirees would be able to utilize their immediate annuity income as an additional support to income they are getting from other sort of investments. It would help the retired people with their bills or rents every month. In simple words, immediate annuity income is trustworthy for happy living in the old age.

It’s to mention here that immediate annuity would die with the death of the policy holder. Hence, if you have anybody dependent on you, say your spouse or kids, you must take up a joint immediate annuity program.

Now, who can take the immediate annuity? Well, retirees are the best fit for immediate annuity schemes. However, it’s to note here that not all retirees would be compatible with immediate annuity. You should only go for immediate annuity if you have got savings at other places and you want the immediate annuity as an additional support. It’s because the sum submitted for immediate annuity is irreversible- it’s like the one-time investment that can’t be recovered. In case the insurance agency gets bankrupt, you would be left with nothing at the old age. Thus, the financial experts always advise the retirees with small savings not to opt for the immediate annuity provision.

What is REIT?

reit investmentREIT stands for Real Estate Investment Company and basically functions like an Investment Trust. It functions as a company not only owns but also manages income generating properties, either residential or business-related, and is intended to provide the investors with income from rented assets.

REITs receive unique tax considerations and usually provide their investors with heavy yielding income as well as easy techniques of investing in real estate.

REIT investment has quite a lot of reimbursements over investing in real estate on your own. Just as, if you purchase a property, be it personal or commercial, managing the property, lease, maintenance, renters, would all fall on your shoulders. As a matter of fact, purchasing a property on your own directly leaves the invested sum of money as not very flexible, i.e. if due to some emergency you need to sell off that property and willing to collect the cash on the very second day, you will not be able to do it.

A substitute to this process is REIT. It is incredibly flexible where you can easily sell your property or shares and collect your own money the very second day.

There are majorly three types of REIT’s that can be found in the market. These are mortgage REIT’s, equity REIT’s and hybrid REIT’s.
A mortgage REIT deals with loaning money to the real estate owners or buying estate that already exists. The main source of earning here is the interest charged on the loan.

An equity REIT is one where the company owns properties where the worth is in the form of equity of that particular property and the company then receives payment as a source of its profits.
Going just by how the name sounds, a hybrid REIT is basically an amalgamation of both mortgage and equity. Basically, investments in properties as well as mortgages.

If you are in search of finances that act as extra income, REIT just might be the thing you need with its high dividend paying quality.

Promote Your Property Using Photographs

PropertyPlanning to sell or rent your property? If yes then you have to make sure that you promote your property effectively so that the potential buyers or tenants can be attracted to your property. There are numerous ways to market your property. But the best way would be to utilize attractive photographs to promote your real estate property. There is nothing better than clicking amazing photographs of the exterior and interior areas of your property so that potential buyers or tenants can get interested in your property.

Firstly, you will have to hire a professional photographer who will click the photographs of the well-maintained areas of your property. After that, those photographs have to be utilized in the listing of the properties. Whether you have posted an advertisement in the newspapers, magazines or online websites, you have to make sure that professionally clicked photographs are a part of those advertisements. It will be good if you design a brochure which has numerous photographs of your property so that you can use the brochure to promote your property successfully.

You can even share the images of your property on social networking websites such as Facebook, Twitter, Instagram, Pinterest and so on because these websites can turn out to be a good source of potential tenants or buyers. The interior design magazines and other magazines related to properties generally help you advertise your property competently by utilizing any photographs of your property. Thus you should make use of these magazines in the best possible manner.

Remember that even if you have your own real estate website, you must have professionally shot photographs so that the interested people can view those photographs on your website and contact you. If you want to sell or rent your property quickly and conveniently then you should get hold of your property’s photographs as soon as possible.

Some Tips to Follow before Buying Gold Bar

Buying Gold BarGold rescues a person by providing at hand financial backup. Gold is a valuable solid metal. Therefore, gold is bought by people for future. Before buying gold bars, follow some easiest techniques for saving money to some extent.

Buy Gold Ingots Online at Competitive Prices

Large gold is called ingot. Liquid gold is used to mould different sizes of gold ingots. The prices of these gold bars depend on the quantity of this precious metal. However, small gold made coins are available at reasonable prices. Online bullion market is popular to people who want to buy gold bars. However, you will have to buy gold from authorized dealers. Vendors are compelled to give certificates to gold buyers. Therefore, check whether gold sellers are ready to give any legal document and bills. Due to the increase in theft and scam, government has enacted few laws in relation to gold exchange. If you want to buy new gold bars/ingots, read terms and conditions. You can’t store excess gold crossing the limit. In this connection, talk to the manager of your bank regarding rules for the gold storage in the lockers.

Gold bars are of various shapes. So choose the best gold bars which are suitable to you. Kilo gold ingots have 32.15 troy ounce gold. The overall weight of this kilo gold bar is around 1000 grams. Government and other investors store these kilo gold ingots. The one ounce gold bar is preferred by buyers. A single ounce gold bar occupies the small space. In that case, 1 ounce gold coin is larger than that of a gold bar with same ounce. Prices of gold bars fluctuate. Go to reliable websites to get relevant updates. Finally, online free quotes are distributed to people. Do comparison after collecting these free quotes. Online transactions are paperless. Buyers can purchase gold bars from online bullion market. At discounts, old gold bars are sold. Therefore, customers are benefited by collecting gold bars from the online storefronts.

Pros and cons of online banking

online bankingOnline banking is getting more and more popular as the days pass by more so because of the uninterrupted convenience and superfast speed. Also a majority of people today have a continuous access to the World Wide Web from their gadgets like cellular phones, tablets, laptops and personal computers. So if you are planning to start banking online here are a few pros and cons you would like to go through before becoming a fully fledged online bug.


Let us start with the disadvantages of net banking. Security threats are the most important setbacks to the online banking systems. In case of any leaks or unsafe website portal you may use to shop online, your bank account number may easily be hijacked and misused. Also, some people are not very tech savvy hence not being able to understand and operate the computer that well to start with this new system. Net banking may seem to have a very lengthy initial phase making people lose interest in it then itself.


Moving on to the innumerable advantages of net banking we can say that it is the fastest way and most comfortable way of banking. You can do the required work from the comfort of your home’s sitting chair instead of going out there standing for ages and still as happens in many cases not having the work 100% completed. Another very interesting thing is its accessibility 24*7 unlike the usual banking hours- 10 to 5. It is important to know that leading bank website portals offer advantages to those who manage their accounts online. Things like account aggregation, stock quotes, portfolio managing provisions and rate alerts. These help you to manage your assets more effectively.
Just make sure to be well acquainted with the do’s and don’ts and go ahead with your own net banking account.