Month: December 2018

Sometimes you really just find yourself needing some money. Unexpected events such as a car breakdown can put a damper in your budget no matter how well you plan. In situations where you need money and need it quick, you can look into Borrowing money from your 401 K. Typically, when someone makes a 401k plan they do not expect to take any money out of it until it has grown and matured. But life does not always go the way we hope and sometimes we need to delve into whatever source of money we can find, and sometimes that means taking money from our 401k. This has been thought of and that is why most 401k plans will actually have that type of loan available.

While taking a loan from your 401k can often make the difference between paying off a bill and falling further into debt, there are risks involved. If you do not handle the loan carefully you can not only run the risk of having to pay much more down the road, but you also run the risk of ruining your 401k. Not all 401k plans are the same and so there is no universal method for getting money out of them. You need to check into the specific plan you have and find out what restrictions apply when

Borrowing money from your 401 K. For most plans they will require that you borrow a minimum amount of money, usually anywhere from five hundred to a thousand dollars. They often will also have a maximum amount that you can borrow, usually around fifty thousand dollars. However, again, every plan is different so you will need to look and see whether this applies to you or not. While taking money from your 401k plan may be a lifesaver, you may not be able to. While most plans are different, there are usually similarities in the form of requirements. Most plans will not let you borrow money from them unless you can meet the requirements they put in place.

If you do not meet these requirements they will not lend you the money. So this is another reason for why you should look over your plan carefully and read the fine print so that you are properly educated. Like most loans, a loan from your 401k will have a set repayment plan that you will have to adhere to. This can be anywhere from 5 to 15 years depending on what type of loan you took out and what type of plan you are on. The nice thing about Borrowing money from your 401 K is that, while you of course have to pay it back, the interest rates are fairly low and are actually put back into your 401k. While taking a loan from your 401k is a good option, there are some additional fees that you may have to pay.

Such as yearly fees or fees if you miss a payment. If your company has someone who manages 401k plans you should talk to them in case you have any questions. Howard Martell is the Owner of http://HomeProfitCoach.com/silver . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

The recession and all the financial problems people have endured have been forcing people all across the nation to look for alternative methods for saving money. The banks tend to be at the forefront of this movement, as people are fed up with the way they are run. The Bank of America has won numerous "rewards" for being the worst business in America, so it should come as no surprise why people are looking elsewhere. This is why Credit Unions have been making a lot of headway in recent years.

People looking to Borrow Money from a credit union rather than a bank can expect a lot better service. Why do they get better service? Simple, a credit union is a nonprofit organization that is essentially run by its members. Those with accounts at a credit union can vote on how it is run. Credit unions are there to serve you as best as possible. Banks are normal businesses, they sell their service and they want to make as much of a profit as they can. But a credit union does not have to worry about that. They just need to make enough to continue running. In a lot of cases, a credit union will actually return money to its customers if it earns more than it needs. So for those looking to Borrow Money from a credit union, you might ask how you join one? Well, unfortunately, credit unions are a bit exclusive.

You have to meet certain criteria to be allowed to have an account with one. Not all credit unions are the same, and if you even have one in your area, it’s requirements may not be the same as other credit unions. If you have a union in your area, you should look into what kind of requirements they have to see if you are eligible for joining. The criteria for joining can be all sorts of things, from your credit history, age, how long you have lived in the area, what your job is. Since they can be so diverse it is important to look for yourself. If you are eligible to join your local credit union, you still may be a bit wary. If a bank gets robbed and your money was stolen, you will be reimbursed. There is no real risk in leaving your money in a bank. You should be happy to know that this sort of thing also carries over to credit unions.

Unions are also insured so that your money will be reimbursed should anything happen. However, it is important to do your research. Make sure the credit union actually is insured before giving up any of your money. The last thing you want is to fall into a scam. When looking to Borrow Money from a credit union you can expect superior service and lower fees and rates than at traditional banks. While difficult to join with their various requirements, they are almost always a better option than the banks are and can end up saving you a lot of money.

Howard Martell is the Owner of http://HomeProfitCoach.com/silver . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

There are many benefits of digital currency that most people are not even aware of. The first thing you need to know about it is that this type of "money" is either secured by actual gold or what is called fiat money. Fiat money is the Euro or the Dollar bill. According to the official Centregold website, other benefits of digital currency are as follows:

1. Cheaper – The fees associated with transactions are much lower than those associated with credit cards. This saves the business owner a significant amount of money so he can pass those savings on to his customers.

2. Safer – Your account information is encrypted and protected from hackers and no one ever has to see your password. Other security measures taken are anti-keyloggers and security questions that only you know the answer to.

3. Faster – You no longer have to wait days for checks to clear the bank or even hours for bank wire transfers. Funds are available immediately and are nonrefundable.

4. Borderless – With this new global economy, this type of "money" is not controlled by any bank or government and was created so businesses could make transactions anywhere in the world.

5. Convenient – Accounts are free to open, easy to use and available 24 hours a day for any transaction you wish. You can use as little or as much as you want at any one time.

6. P2P payment – As long as the person you want to send money to has the same type of account you can send money to them instantly, securely and privately.

7. Private – When you use a credit or debit card, the bank and the government can see and track all of your activity. With this type of payment system no one has that ability. You do not even have to use your account number to make the transaction if you do not want to.

8. Freedom – No more worries about when the bank closes to get your business done. You can do whatever you want, whenever you want, as long as you have access to the Internet, even on your Smart phone.

9. Greener – Funds are stored and circulated electronically. This is how those instant transactions can occur. Paper money is only in circulation for 18 months before it has to be destroyed and then more made. All of this increases the Government’s carbon footprint on the planet.

10. Trend – Trending upward since the late 90’s, CNN has reported that e-currency " is about to change the nature of money as we know it." At first there were a lot of bugs that needed to be worked out but after so many fits and starts, there finally is a workable solution to buying and selling on a global basis. All of this information was gleaned from the Centregold website about the benefits of digital currency. Seems like this is not just the wave of the future but is here to stay. So, if you really want your "money" to be safe and to have access to it at all times this is the way to go. Howard Martell is the Owner of http://HomeProfitCoach.com/silver . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

One of the ways banks make money is through the various Bank Fees they have. But the major one that nets them the most profit is the dreaded overdraft fee. I am sure everyone out there has had to deal with this at least once in their lives. It is not a pleasant thing to see when you log into your account. Not only could you not cover the payment, but now you have to pay even more. If you do not want to have to deal with these overdraft fees, there are some rather simple steps you can take to avoid them.

There is also some information you can use to better protect yourself. Learning some of the games the banks like to play will give you the ability to play, and win those games. First and foremost, try to avoid cutting it close. If you will be getting money deposited overnight, as well as money being taken out, this can often lead to overdraft fees. One of the tricks banks like to play is that they will put a cheque through first, so that you are overdrawn, then they will actually deposit the money you earned. So even though you had the money there, because of the order it was all done in you still have to pay an overdraft fee.

So if at all possible, try to avoid waiting until the last day in order to protect yourself from such Bank Fees. Another thing you should try to do is stop relying on cheques or credit cards. These things lead to a false sense of security, as you can buy things even when you do not actually have the money. Things like credit cards are good for emergencies, but they should not be used for daily things. If you are buying gas, or buying groceries, pay in cash. If you do not have cash, ask yourself why? You need the money to cover these expenses, whether you use a credit card or not, so figure out why you seem to never have the cash when you need it.

If you can alter your budget to rely solely on cash, you will have a lot fewer problems with debt and the various Bank Fees out there. It can be a bit more of a hassle having to carry cash around all the time, but in the long run it can save you a lot of money. Another tip you should look into is the whole overdraft protection thing banks offer. It sounds good in theory, protecting you so that you can buy what you need even if your account is empty. But it really is not useful. If you use credit cards primarily, then simply having them denied outright is preferable. It can be embarrassing to have your credit card denied when at the store, but it is far better than having to pay an overdraft fee, isn’t it? Money is tight for a lot of people, see you need to do what you can to save what you do have. Even if it means suffering a little humiliation.

Howard Martell is the Owner of http://HomeProfitCoach.com/silver . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

Most people travel to some degree or another, be it for vacation or work. Whether you travel a lot or just the odd vacation, you will want to make sure you get the best deal on any airline tickets. Taking a plane can be a bit pricey, especially when you add it into all the other expenses you have to deal with when traveling, so making sure you pay the least amount of money is an important aspect to keep in mind. If you are looking for some ways to help capitalize on Airline price wars and get yourself the best possible deal, then look no further. The following list of tips are things you can do fairly easily, but despite being easy they can also save you a lot of money.

1: Book your flight in advance. If you know you are going to be flying somewhere months before your actual trip, then book ahead. Many airlines will offer discounts to those who book a month or more before their actual flight. You can also use the months leading up to keep tabs on the various competing airlines, as prices can fluctuate greatly as the different companies get into Airline price wars, driving overall prices down.

2: Be flexible. If you are going to be traveling somewhere, try to be as flexible as possible. What day you fly on, or even what time of the day can greatly effect your prices. If you book a flight during off days where people do not want to travel, as well as times when people do not travel, you can get huge discounts. It is a little more cumbersome, which is why a lot of people do not do it, but it is a great way to save yourself a little extra money.

3: Check for upgrades. A lot of airline companies will offer a variety of deal packages and upgrades that most travelers simply are not aware of. For example, active military personnel often get a discount on many flights. Other such great deals can be out there if you go looking, so with just a bit of investigative work you can save yourself even more money.

4: Bundle up. This is a more common approach to getting a good deal on your airline, as I am sure you have seen commercials telling you to bundle up your services. But it is true, if you bundle up your hotel, rental car, and flight you can often save money then if you had paid for each one separately. If you are going to be using these things anyways, why not take the cheaper approach? Finding ways to save money on your trips really is not that hard. While it can be a bit time consuming, especially if you wait for Airline price wars to drive the prices down, it ultimately does not take that much effort and can make a huge impact. Every dollar you save on your traveling expenses is another dollar going to your vacation, or anything else you may want or need it for.

Howard Martell is the Owner of http://HomeProfitCoach.com/classifieds . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

Worldprofit’s latest innovation is ready – and YOU get it free! Here’s how to get yours…

Message:Worldprofit’s latest innovation is ready! Worldprofit’s Classified Ads System  As a Worldprofit Silver or Platinum VIP member you get your own Classified ads site at no cost — and you can post UNLIMITED free ads! Overview VIDEO:  https://www.worldprofittube.com/video.cfm?videoID=871 Benefits of having your own Classified Ads Plugin on your Worldprofit hosted site. 1. Associate Sign ups In order to post Classifieds ads at your site, a person needs to sign up (free) to be a Worldprofit Associate member. As a free Member they must view 10 ads to receive credits to post their own free classified ad to the site. Free Members have restricted use and limits for posting ads. The classifieds ads of  Associate Members EXPIRE after 7 days and they then must login again to earn more credits to renew their ads. Free Associate members are made an offer by our automated system to upgrade to Silver membership to get UNLIMITED ad posting privileges and get their OWN Classified Ad System. When your Associates login to their free member area, they can access the Classified Ads site on the LEFT MENU. They can also upgrade to Silver membership within their free Associate Member area. 2. PROMOTION As a Silver or Platinum VIP Member, YOU can post UNLIMITED ads to your Classified Ad site. You do NOT have to view ads to earn credits. You have no restrictions on use. Your ads are valid for 30 days. You select the main directory and the sub-directory in which your ad will appear. The Classifieds site is searchable as well, popular and recent ads get prominent placement on the main page in a rotational manner. IMPORTANT!    We recommend that you NOT post ads to generate Associate sign ups, as the people using your Classifieds site are ALREADY Associates. Instead we recommend you post ads for your OTHER affiliate programs, biz ops, services, ebooks, lead pages,  or MLM. 3. SEO (Search Engine Optimization) Search Engines like Google frequently visit and index sites that have constant fresh new content. Your Classified Ad site is installed within your Worldprofit site, so you enjoy the professionalism of your own domain name being used, plus the benefit of Google and other search engines visiting your site on a regular base to catalog new content. 4. No Maintenance Worldprofit does all the security updates and Ad Approvals with human eyes, so you don’t need to worry about that. Ads that are of an adult nature, or deemed inappropriate by general community standards will be declined. Here is an Introduction and Help Video: https://www.worldprofittube.com/video.cfm?videoID=871 How to INSTALL and customize your Classifieds Plugin 1. In your Worldprofit Member area on LEFT MENU, select FREE CLASSIFIEDS  then click on Classifieds Plugin. This is an easy one-click install that takes just seconds for completion. 2. Your Classified Ad site (plugin)  is ready to go as is, OR… if you like,  you can customize your Classified Ads Plugin as follows: Watch the HELP VIDEO! Change the image background and size Change the name of your Classified Ad site Change / add / remove the logo to one of our presets, or use your own. Add links, your blog, your social media links 3. To start posting your Classified Ads on LEFT MENU, select FREE CLASSIFIEDS  then click on PLACE FREE ADS.

Credit history repair sounds complicated. You might think that you need to hire a professional to do this for you. You can hire a credit repair specialist if you prefer, but it’s not necessary to spend the money. You’re probably able to handle your credit history repair on your own. To repair your credit history, the first thing you should do is request copies of your credit reports.

You’ll actually have four credit reports and not just one. This is because there are four credit reporting agencies that most banks and businesses contact to check your credit. You’ll need all four reports for credit history repair because they could all be a little different. The names of the four credit reporting agencies are Equifax, Experian, TransUnion and Innovis. You’re entitled to a free copy of your credit report from each agency once per year. If you’ve got a report in last the year then you’ll have to pay for a copy. If you’ve applied for some kind of credit, however, and been turned down, that entitles you to a copy.

You’ll receive a letter of rejection from the credit granting agency saying this. This letter should tell you the time period in which you need to request the free report. Once you have your credit reports, look them over carefully for errors. One of the most important things you can do during credit history repair is to find errors and inform the agencies they need to be fixed. If you have mistakes on one or more of your reports that lower your score, doing this will improve your credit rating. You’ll need to get forms from the agency in question to fill out. This will prove that you paid a debt that’s on your report. Each error situation requires certain information from you to prove that it’s a mistake. Once you’ve fixed the mistakes, there are other ways you can do your own credit history repair. Look at the credit lines you have still open. If the amount you owe is close to your credit limit that lowers your credit score.

The best thing you can do to speed your credit history repair is to pay those balances down. Make more than the minimum payment. Pay as much as you can. And don’t ever be late on the payments as those really count against you on your credit report, especially when it’s frequent. If you have some cards that are charged close to the limit, make larger payments on those first to get them down. This can help you avoid over-the-limit fees. Between $25 every time you’re late or if your balance hits your credit limit, you can be adding hundreds each month on cards you don’t even use. Sit down and figure out which cards have higher interest rates and make a plan to pay more on them. Make a plan to pay off your debt as quickly as possible, and do your best not to accumulate more debt. In a short amount of time your credit history repair will pay off.

Howard Martell is the Owner of http://homeprofitcoach.com/classifieds/ . Check us out anytime for marketing tips and a free subscription to our cutting-edge newsletter.

I think that recently many of us have begun to wake up to the wonderful snow job that we have fallen victim of. We now see that too much credit is a losers game. But, you still may have credit and it may take you time to untangle yourself. In the meantime,

you should find out all you can about credit card interest rates. You see credit card interest rates can be affected by many things. The first thing you are likely to think of is your credit score. And it is true, your credit score will determine the amount of interest you pay on your credit card (as well as on every loan you have). But, what affects your credit score? Well, have you paid your credit card bill late… even once? If so, it’s very likely that the card company raised your interest rate and dinged your credit score.

They will use pretty much any type of trick they can to get more money out of you. Make sure you pay at least the minimum every month and on time. Another thing you really need to learn to do, no matter how tedious and hard to understand it is, is to read the fine print every single time you get a bill. Very often the credit card company will put some new terms into effect and that will be on your bill. But the problem comes because few people actually read over their whole bill every single month. If you don’t, you may find that the terms such as the due date, or where you have to send your payment have changed. If you miss that information and you send your bill out late or to the wrong place your payment will be late. That is all the company needs to ding you and increase your interest rate. So, the moral of the story is read your bills over thoroughly every single month. Getting rid of your cards as soon as you can is a great idea also. Another thing you can do is to change cards. If you can get another card with a lower interest rate you can transfer your balance to the new card.

Again, you have to read the details. Make sure that great low rate will last for a while before you transfer. Also, make sure there are no transfer fees. If you have another loan with a bank that you are in good standing with, you may want to ask that bank for a credit card. Sometimes you may get a better rate with a lender who you already have a good account with. I will warn you though that no matter if we like it or not, banks are businesses and their business is to make money. Unfortunately, primarily because of increased competition, they are trying to squeeze every penny of profit they can out of their customers. That is why you need to be on the lookout for some of their more sneaky ways of increasing your interest rate. You will be limited in the amount of control you have over your credit card interest rates, but you do have some so find out as much as you can and try to lower those ridiculous rates.

Howard Martell is the Owner of http://homeprofitcoach.com/classifieds/ . Check us out anytime for marketing tips and a free subscription to our cutting-edge newsletter.

Money is tight for a lot of people, and most of us are forced to live paycheck to paycheck. We also tend to rely on things like credit cards to get us by. This has led to staggering amounts of debt for thousands of people. Credit card debt is one of the primary forms of debt in America because of this. So if you are one of the people in debt, you know how stressful it can be and how much you wish you could claw your way out. Dealing with all the Credit Card Fees, the endless phone calls from your creditors, the stress of knowing that most of you money is going to just paying off these things, all the while forcing you to continue use them.

It is a vicious cycle that can be exceptionally difficult to break. But while it is difficult to break, it is by no means impossible. In fact there are some fairly simple tips you can use to slowly pull yourself out of the hole of credit card debt. The first step in getting out of debt is to create a budget. Look at how much money you get every month, then look at how much money you spend every month. If you sit down and look over your expenses, I am sure you will notice a lot of frivolous things that you can cut out to help yourself with those Credit Card Fees. Something as simple as getting a coffee in the morning can really add up.

If you can cut down these unnecessary expenses, you can then take that extra money and apply it to your debt. It may be tempting to throw it at your largest debt first, but this is the wrong move. We need our little victories, and it is also a snowball effect. So if you have multiple credit cards and are in debt with each, look at the one with the least amount of debt. If you take that money you are saving and put it all towards paying off the lowest credit card, you can make some serious progress and actually pay it off quite quickly. This will give you that victory you need, it will boost your morale as you can see you really can claw your way out.

But that is only the beginning. From there you will want to apply, not only the money you had been saving by cutting back on unnecessary expenses, but also the money you are saving by not having to make payments on that credit card. Now you will have a lot more money every month that you can apply to the next lowest debt. It is a rinse and repeat process from here on out.

You just take the money you save by paying off a card and apply it to the next highest one. It will take a long time to knock out those Credit Card Fees if you are deep in debt, and you may need to do some extra work to get there. But by utilizing this method you can make some serious headway in your fight against your debt.

Howard Martell is the Owner of http://HomeProfitCoach.com/silver . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.

It?s possible to download debt reduction software that can help you customize your own debt reduction plan. When you?re serious about reducing your debt balances, then finding a way to create a plan of action that is tailored to your specific income and levels of debt is important. If you could get rid of the burden of having to find enough cash to make your monthly repayments, how much extra cash would you have left over out of your pay check? The freedom that comes from being back in control of your own money is second to none. Imagine trying to work through a debt reduction plan that was too far beyond your level of income?

You?d become frustrated and lose your motivation to continue very quickly. Using debt reduction software that allows you to work within your own budget, create your own goals and set your own time-frames means that you can create a realistic plan to eliminate your debt. The best part about using debt reduction software that you can personalize to suit you is that you simply fill in the blanks. The software will then generate a step by step payment plan designed to get you out of debt once and for all. The basis behind this kind of software is that it can help you sort through your priorities as you work out your budget. When you try to work out your income and expenses on your own, it?s easy to miss certain expenses or forget to add those little things you spend each month.

Perhaps the biggest benefit of using software to help you is that you?re shown precisely how much you need to put aside out of your income each pay period to pay each of your creditors. Then you follow the plan created for you so you?re sure not to miss any payments. Once you?ve entered all your details, expenses, payments and bills into the program, the software can calculate if you can afford to pay each of your creditors an amount over and above the minimum repayment due. Even if it?s only a couple of dollars extra, it all adds up in the long run. Within just weeks of using debt reduction software you?ll begin to notice that you?re not falling behind on payments as often. This factor alone can save you thousands of dollars in interest penalties and overdue fees.

One of the side effects often overlooked by people considering using debt reduction software is that once you?ve learned to follow the debt elimination plan set out for you, your credit score can actually begin to increase. Catching up on overdue payments and then beginning to make small extra repayments on top of your minimum payments can be reported by your creditors positively. So if you?re trying to find a way to pay off your debts and take control of your financial situation, then you should consider using debt reduction software. Customize it to suit your own income, expenses, balances and goals, and you?ll be well on your way to breaking free of the debt trap before you know it.

Howard Martell is the Owner of http://HomeProfitCoach.com/silver . Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.