Word on Dime

Meet Your Real Investment and Home Owning Needs

April 21, 2017 at 7:53 am Comments are Disabled

A Duplex UnitIf torn between the acquisition of a home and a rental unit, you can make a compromise that gives you the best of both worlds. You can realize both your investment dreams without losing the advantage of owning the roof over your head. A duplex can give you a taste of both sides of the coin.

You can live in one unit and let out the other one. Such a move enables you to lower the cost of your mortgage and will a little luck, some additional income. However, before rushing to make such investment, you need to take a few precautions.

Research the Market

Ideally, the other units in a duplex should help you pay off the mortgage on the loan each month. As such, you need to be sure of the level income you stand to collect from units each month. A detailed market survey can help you make an accurate estimate of the possible return on investment.

Otherwise, you are likely to make a crucial mistake capable of running your finance. More than just comparing income, you need to consider, the population and their income levels. Such a move enables you to calculate your income with a high degree of accuracy, allowing you to make an informed decision.

Get the Money Factors Right

Naturally, duplexes and multiplexes carry a higher asking price than single-family dwelling units do. Hence, you need to make sure your finances are in order before approaching a HUD multifamily lender for funding. If relying on the rental income from the units to cover part of the mortgage, make sure they are occupied.

You stand a better chance of success if you can back your claim with financial statements. Putting a sizable down payment in addition to having a high credit score and a low debt income ratio also helps your creditworthiness.

Multi-homes make an incredible way to kick off your real estate investment journey. These useful tips ensure that you make the right call when making your investment decisions.

Make Your Wedding Day Unforgettable

March 28, 2017 at 7:03 pm Comments are Disabled

Man putting the ring to the womanThere are many innovative ways to make your wedding day memorable for you, your spouse, and guests. Some of these methods may take a bit of time and money to plan, but is there a price you can put on making your wedding day amazing? If you are still looking to have a unique wedding without blasting your budget, these clever tricks can guide you.

Select unique wedding rings

Just like your wedding dress, your wedding rings will pay a central role in your wedding. Take the time to select the best pieces you can find within your budget. Visit a pawn shop for diamond rings or other stones that could fit your budget. Sometimes these pieces are more affordable than those you find in jewelry stores. Choose the best ones that suit you.

Wear your dream wedding dress

Your wedding dress is a big part of your wedding day. It is one of the things your guests will be anticipating to see as you walk down the aisle. Go to great lengths to ensure you get the dress you’ve been dreaming about if you can afford it. If you can’t find the dress you have in mind, visit different shops to sample what they have and pick what appeals most to you.

Choose a Lovely Location

Holding your wedding in a beautiful outdoor location can make it memorable. Pick a wedding tent rental service provider to get the ideal tents for the event. Some of these providers also help out with the decoration and can provide some ideas on how to make your day extra special.

Hire a videographer

Capture every moment of your special day on video so you and your loved ones can preserve it for posterity. It’s one way to relive the love and happiness of your wedding day. Get an experienced videographer who knows how to use the tricks of the trade well.

It takes some time to plan a perfect wedding, given all the details you need to manage. If you want to make sure you get everything right, you can always work with a wedding planner to help you create your dream wedding.

Why Gold is a Better Bet Than Bitcoin

March 22, 2017 at 1:00 am Comments are Disabled

Bitcoin MiningBitcoin is nice. It disrupts currencies, and it is valuable. If it manages to take off, a lot of Bitcoin miners will be very rich, rewarding their embattled faith in the world’s first decentralised cryptocurrency. By then, who knows what it will become: it could be the next gold, silver or even as a business opportunity.

That is where it ends for Bitcoin, despite what its biggest believers will say. It is a mystery to most people and the fact that you need a miner set up, register to Bitcoin’s official ledger and selling it is close to impossible. It is because most of the people you will find interested in Bitcoin are only in it to sell. A lot of miners, not enough buyers, and that is only the start.

Gold vs. Bitcoin

Gold has always been there, and it is always valuable regardless its form. Whether it is an ingot, jewellery or coin, gold sells wherever you bring it. Not that you would lug it around in your pocket, but there are places that may offer a smaller spread when you are selling. You can always play it safe and sell it back from where you bought it, though, and you will still earn a pretty penny.

Going back to bitcoin, it feels very limited, and there is a compelling reason why its momentary jump over gold is not a good thing. Moreover, it is worrying that a group can fundamentally control the currency. The very thing that makes bitcoin brilliant, its boundlessness, is something that the Chinese companies leverage to have a major hold over it.

Using Your Sense

If there is a challenge in gold investment, it is taking control. If all your money is in a single ingot, you are dependent on how the market will swing. It also does not encourage growth because ingots are the haymakers in the gold transaction. If you buy one, you had better have a clear plan on selling it. There is also the issue that you have no money left.

To address it, be a diverse metals investor. Spread your money on sovereign and minted coins, light gold bars or silver. This way, you will not corner yourself and be a one-big-swing kind of bullion seller.

Valuable, stable(-esque) and definitely for a thinker, investing in gold is a valuable move when you do it right. Its position in the financial world should tell you that no other ventures in precious metals that offer a better proposition.

Fire Preventive Solutions: Installing Water Tanks

November 23, 2015 at 10:19 am Comments are Disabled

water tankFire can start anywhere at any time. Depending on your location, it can start right from your surroundings due to extreme heat. Grass around your property can immediately catch fire and spread in at dangerous speeds. Other common causes are faulty electrical wiring within the structure or cooking materials left unattended.

As fire can easily consume everything in its path, most of your properties may already be in flames before help comes. It is best to have something to keep the damage at bay like a water tank.

Water Tanks as Extra Supply

You never know when accidents happen so it is better to have a quick supply of water to fight the flames off. Fire can quickly spread and you are simply wasting time by looking for a way to get water out of the nearest faucet in the house. Having a tank gives you immediate access to a supply of water so you can quickly fend off the flames before they get bigger.

Water Tanks as a Cost Effective Solution

The amount of bills you will pay using the water line to fight fire is another problem. When you have a ready supply to use, it becomes less expensive. You already incurred expenses from the damage. You do not want to add to it with using a running water supply. Water tanks, says Victoria experts rhinotanks.com.au, can collect rainwater so you can use this free supply from irrigation of gardens to fire prevention. Using a filtration system, you can have this collected water purified for drinking.

Look for installers of water tanks in Victoria and get your own for your property. Find quality systems allowing you to store more water for daily use. It is better to have protection from fire when you are living in fire-prone areas. Having additional supply of water ready can help minimise the damage in your property.

Have a Safe Trip! The Importance of Insurance to Travelling Employees

March 14, 2015 at 10:34 am Comments are Disabled

Travelling for work is something most people would like to have in their lives. It’s not the free trips, but it’s the chance of going to cities and experiencing a slice of its culture and society. Most of the jobs are accountants, management trainers or corporate representatives; usually high-pressure positions.

business flightNevertheless, it still pays to be safe while jumping from continent to continent. Being aware of the culture and learning small phrases to help you get around can be helpful. Having an internationally recognised insurance policy, however, is a thing every travelling employee should have.

Encountering Hazards Abroad

People should be aware of the dangers of being abroad. As a foreigner, it’s best to read about the current situation about the place you’re about to visit. Whether you’re going to Ukraine, Taiwan or Argentina, read about the prevalent events and especially the health concerns. It’s good practice to get shots or vaccines to help your immune system deal with an alien environment.

Possessing a medical insurance certainly eases the mind. After all, even if you get sick, the biggest hospital will accommodate you, granted you have a global insurance plan that Hong Kong’s pacific prime.hk and other agencies provide. These agencies work with AXA, Cigna, Blue Cross and other internationally recognised insurers. At any rate, the company usually provides the insurance.

Securing an Opportunity of a Lifetime

Travelling is one of life’s greatest joys, and if you’re being afforded that opportunity consistently, don’t take it for granted. It pays to be safe against any risk that you could encounter in a foreign land. Moreover, the side effect of impressing your boss isn’t too bad, either.

Visiting cities such as London, Tokyo, Barcelona or Melbourne will offer the experience of a lifetime. Wonderful as those places are, it’s still better to expect that unfortunate events might happen. Put a barrier between you and bad breaks by getting a global insurance plan.

Not Enough Attention: What to do if Your Home is Not Selling

March 7, 2015 at 12:55 am Comments are Disabled

Staging HomeThe entire process of selling a home can be overwhelming. It can be even more stressful when things do not go quite as planned. If your home is not getting enough attention and offers, you are likely losing all hope of selling it. A home that stays on display for months may also have buyers thinking that something is wrong with it.

Don’t lose hope yet. HouseTree.co.uk shares what you can do if your home is not selling:

Trim the Price

Re-evaluate and think if your home was realistically priced in the first place. It is common for many homebuyers to ignore overpriced properties. If the prices in your area or on a general downward curve, it is best to reduce the prices according to that of neighbouring properties.

Market the Right Way

Review and go through the details prepared for your house, including the photos used. Try to improve existing photos by staging your home properly. Keep in mind that first impressions are everything when it comes to home purchases, especially online. Provide more images and be sure the lights are flattering when taking new listing photos.

Go Online

Digital is the way to go; turn to the Internet if you are just marketing through an estate agent. There are online estate agents who can help market your home in the best possible way. Online agents also use modern technology to ensure maximum exposure for your property.

Fix Home Problems

Sometimes, properties on sale do not get enough attention or offers due to minor structural damages. Get feedback and try to identify the problem areas people are spotting. Ask your estate agent if there is anything you can to make your home more appealing to buyers.

Take it Off the Market

It may be a better idea to take your home off the market for a while if you do not want to make compromises on the price. You can also take the time to make your property more desirable by refreshing the exterior and interior. Try again when the market improves.

Get feedback from your agent and other potential buyers if your house is not getting enough attention. Listen to their concerns to successfully sell your property.

Tips For Success: How to Run a Successful Compliance Operation

March 4, 2015 at 8:37 pm Comments are Disabled

EmployeeOperating a successful business in financial services is not just about making a healthy profit. It also means running a ‘tight ship’, meeting all your compliance obligations so that you can minimise the risk of regulatory penalties and needing to pay compensation for upheld complaints.

ScottRobert.co.uk shares the following tips to help you run a successful compliance operation:

• Compliance monitoring plan – put together a master document which summarises the main compliance tasks to be performed, and which explains the checks to be carried out in these areas, how often they will be carried out and who is responsible for ensuring that they are done.

• Compliance tasks diary – keep a diary of key milestones in your compliance calendar, such as dates when regulatory returns need to be submitted, dates of staff performance reviews and dates of audits by your compliance consultant. Ensure that you prepare for each event in advance, so that you can meet each deadline.

• Compliance procedures – you should maintain written procedures which explain the steps your firm takes with regard to areas such as complaints, data protection and anti-money laundering. This should ensure a consistent approach across the firm.

• Training – train your staff as to their regulatory obligations, and provide refresher training as required, as new rules and guidance are issued on a regular basis

• Sales monitoring – ensure you have a comprehensive risk-based monitoring programme to check the suitability of sales made by your advisers or salespeople, and to check the quality of the information and documentation being provided to customers. You should make use of management information to ensure that the individuals and products deemed to pose a higher risk receive a higher level of monitoring.

• Senior management buy-in – the Financial Conduct Authority (FCA) can hold senior managers accountable for compliance failures. A compliance culture must be embraced by the board of directors or equivalent, and compliance issues should be on the agenda at every board meeting. Where issues of concern are raised by the compliance function or an external consultant, management must take them seriously and not just think about short-term commercial gain.

• Documentation – a common mantra in compliance is ‘if it isn’t written down, it didn’t happen’. So you need to ensure that not only do you carry out compliance monitoring activities, but that you can evidence that these activities were carried out, and that the results were acted upon

• Management information – maintain simple data on issues such as: the causes of complaints, the issues covered in complaints, file review stats for sales staff, product mix and provider mix, cancelled policies and customer satisfaction levels. Consider what lessons you can learn from the data, and what you might need to change as a result.

Following steps such as the ones listed above should greatly reduce the chances of your firm falling foul of the FCA.