Credit Score

      All I remember about grades and score is my high school days when we used to track the score of exams, little did I know this word would again come into picture later in my life. Credit Score is essentially your score that is maintained by a governing body, and most of the lenders like banks, credit cards companies or any other basically checks an individual's credit score before sanctioning any form of loan. 

     Credit score is essentially calculated based on your lending and paying back activities. Normally any default on your existing loan, excess dues kept for long period of time, failure to pay EMIs on time, also sometimes the number of times you have actually applied for a loan or from many different financial institutions also determine this factor. Credit score actually determines your credit worthiness, means whether a financial institution would consider giving you a home loan, car loan, personal loan, or even a credit card or any other form of financial lending. Credit scores are essentially a three digit number ranging between 300 and 900. Depending on this figure your chances of getting a loan are determined, normally a figure greater than 800 has high chances of approval and a figure less than 660 has lower chances. Also for high credit scores you can also actually get more competitive lending rates. 
Now, credit worthiness is not the only factor for getting your loan approved, you need to fulfill certain income requirements as well, means you have the means to payback the loan as well. Credit Scores are usually the first stop check for the finance institutions, and then they move to other frivolities.

There is a certain mathematical equation that goes into place while calculating your credit score. There are certain credit scoring companies which calculate a score based on different parameters, by retrieving data from all your previous lending sources. Whenever you apply for a loan then those lenders check for your credit score from one of these companies, so it might be a good idea to ask for your credit score report and analyse it for any discrepancies, for example, you might have closed that car loan of yours, but it was not reported and as a result your credit rating went down, or that EMI which bounced on your home loan, was actually paid off but your name hasn't been removed from the defaulters list. Regular in paying bills is a habit that goes a long way in maintaining your credit worthiness. In fact foreclosures and settlement of loan accounts also impact the calculation of your score. Over draft and exceeding your credit limits bring down the credit score.

If you happen to have a low credit score, then be sure to monitor your credit report and start paying attention to correct those anomalies. There are a lot of online services which help in helping you correct your credit score. I also faced some bad experiences because of bad spending habits and habitually missing out on my payments, without keeping a focus on long term goals. I learned from my mistakes and since then have taken steps to correct it. The first step of course is to check your credit score and a free report can be obtained from www.cibil.com

Online Business

          
        If you are fed up of a Boss upon you and a 9 to 5 hectic schedule where you work hard, but not get appreciated, then you should think about starting your own Business. It is the most suitable option for you, and working for yourself according to your choice is an exceptionally pleasant feeling. Now the thinking has changed a lot and many people are coming towards business. There are a plenty of options. It is not necessary to start from a high level and finance heavy money. Starting from a little money is also possible, only your unique ideas can transform small business into large.

When you are starting your own Business, online business is a brilliant pick. Some advantageous facts about online business are:

• You don’t need a hefty sum of money to start.
• It takes nearly 3-6 months to settle down, but starts giving results in a short time.
• It requires hard work in starting, but everything is always in your hands.
• You don’t need to go somewhere outside, and a room of your home can play the role of your office.
• You can take many people under your supervision.

Before starting Business, proper planning is compulsory, and it is similar for online business. The risk of failure and shoddy performance of your websites can ruin your dream of personal business. First organize your finances. For online business always target the visitors towards your website, compile all the work in an organized way to avoid any confusion. In this business, there is a high-competition rate and a lot of options in the market. So being persistent and attentive is the key for its success.

Starting your Online Business is not terribly hard. The only thing you should have an idea of what is happening in the market, so you can provide your readers a reliable and factual content. Knowledge of keyword phrases is required through which you can attract a goodly crowd. Learning SEO strategies is a neat option before going ahead. Online business is the best way to earn money- full time but its’ success demands patience and proficient skills.

Online business, Sales & Marketing

           Sales & Marketing is the most vital part of a business, like respiration. It is imperative for a successful business that how you upgrade your business idea or product through Marketing & Sales. The time has been changing, and Marketing & Sales of things are also shifting to a different aspect. Nowadays online business opportunities provide a safe style of Marketing & Sales.

Affiliation of the product, to other websites is also a striking option to gather a crowd. It is supremely easy to boost up your Marketing & Sales through online business. By affiliating the product to those websites, you can increase the productivity as well as its sale. According to the business-experts some points are considered pivotal in this business. First of all the new product is always attractive and popular, so it is the best way to affiliate a brand new product to grasp peoples’ focus at a high level. Gravity Score of product increases its sale, as higher the gravity score the more websites will try to endorse it. Online business has been proved a prominent structure in the rise of Marketing & Sales.

Many e-books sand websites launch the review websites through which people share their opinions on the product. A positive review of the product is always gets highlighted, and crowd tends to buy it. More traffic to your affiliated site, more growth to online business of Marketing & Sales. So concentrate on the ideas of generating traffic on your page. In the online business, there are many providers who lure the customer with tempting ideas, but actually they are not true. Choose a reliable provider who can enhance the sale of your product, giving you a good ranking. As the ranking goes high, chance of sale is increased.

Make sure that you have chosen an experienced online business provider that is worth of your money. A wise decision not only helps in accessing positive rating, it also provides you additional benefits. The way of communication can never be overlooked, as it can trap your customer and he might become impressed and like to visit again and again.

Cash Flow!

           Cash flow is the word which denotes the input and output of money in any financial project or business. The care and control of cash flow is the most essential part for a successful business. Someone had said that the management of wealth is as necessary as the creation of it.

Cash flow of a business clarifies the percentage of profit or the actual value of finance at present. A financial project might be containing the three types of cash flow: the operational, financing and investment. In the operational stream, the coming or received money is used in the internal business activities. For a prosperous and stable business, the operational cash flow should always come in positive.

Observation of cash flow, whether it is in a business or a domestic finance is must for stabilizing a financially secure position. First of all, before starting or even thinking to start, it is compulsory to know the current finance situation. If you are going to initiate your own small business, first you should make a budget, so you can distribute your money accordingly. Before taking a loan, the present account and the future possibilities of money income should be cleared. Through taking these precautions, you can never be empty. On relying on the future profits, taking a hefty loan is a big no-no; it can push you in depth of financial crisis. Money flows like water, so always take safety measures. For long term financial planning’s one can hire an accountant or discuss it with an experienced business person. Positive cash flow can be further invested in properties, assets etc. In that way, you can at least protect yourself from being penniless anytime. These invested assets are like back supporters, so use your positive earnings thoughtfully.

If there seems any problem and you think that you are getting emptied, then have a look at your expenses and try to control them. This is the primary key to monitor your cash flow.

Must read Robert Kiyosaki’s “Rich Dad Poor Dad”series. 

Robert Kiyosaki: Becoming an Entrepreneur

            To do something of your own is a truly sensational feeling. Suppose you are free of rude bosses, and you have not to answer anybody, but you will take people under. Yes, this is most happening idea of the current time: Becoming an Entrepreneur. You can start something new, and it is not necessary to look for big, you can initiate from a small level. 

It depends on you how much you are anxious and hard working. In how much time you want to touch the top point?

If, you have the stamina to withstand risk factors then becoming an Entrepreneur is one of the most advantageous facts. Generally people are scared of taking risks, and many of them don't have enough resources to start with. Famous entrepreneur Robert Kiyosaki quoted- “Your future is created by what you do today, not tomorrow.” A powerful and unique concept is sufficient to make it large. Find your ambition today. As soon as you’ll begin, you will get the results. Of course, there are some risks in becoming an Entrepreneur, but in an early age, you have more stamina and lesser responsibilities. Once you get trapped in traditional nine to five hectic jobs etc, and get loaded with EMIs, the choice gets weaker.

According to the Robert Kiyosaki that doing something different is better rather than being a runner in rat races. Build your purpose and mission. Lot of motivational thoughts you can experience in the way of Robert Kiyosaki, a revolutionary businessman. He encourages populace to achieve independent financial stability. He has written a lot on the idea of becoming an entrepreneur, in which his cash flow quadrants concept has been remarkably inspirational and motivational.

Employee, small business owner, investor and business owner, are the main four types around which the cash flow quadrant moves. Robert Kiyosaki says that in financial stability four categories lie, and they are indirectly or directly linked together, but the main difference is of thinking. The biggest benefit of becoming an entrepreneur is the income and secondly the time freedom.

If you are ready and going to do poles apart, must read motivational quotes from Robert Kiyosaki, they will help to keep it on even in critical situations.

Referral marketing - Emergence of a new way of doing business

        Often relations work better than your unique business idea. Yes, I am talking about Referral marketing. It’s a very primitive thing which came into the limelight through a new concept. Generally it is called Words-of-Mouth. According to some rich entrepreneur that for a successful business, having a secure network is essential, this might be helpful in generating revenue for your business.

Actually, what is Referral marketing? It is the ideal practiced marketing system or tool which can be integrated in to your business to draw your bosom and genuine prospects. Everything in referral marketing is based on the trust, others trust on you and your company and your care for them. Referral marketing is the easiest and cheapest thing in the business, which protects you from cold-calling etc, and provides a good some revenue without spending too much time and money. Without using referral network you are gaining nothing, and it is impossible to produce remarkable profits.

Now the question arise that how to engender theses prospects for referrals. The best way to make new referral partners is to plan a coffee appointment or call him for lunch or dinner. Through this way, you can know that person, his choice, preferences, thinking etc, which might be used later. Regular contacts through messaging and mailing can win his trust. Manners and etiquette of the language does matter while asking someone to join you. Always ask with a warm and positive attitude but after a relationship of at least a month. Often your first referral becomes more productive and able to provide new sources, so you should keep an eye on the web and all the possibilities of networking. Some points should be kept in mind for choosing referral partners that you both must have a strong bonding. He must be intellectual enough to get your point and ideas easily. Your referral should have a sterling reputation in the society that he can motivate others too.

Referral marketing for professional is possible in two ways, online and offline. In Online referral marketing, your customers come on their faith on you, what you have delivered them previously matters in the future. Through websites ad and words-of-mouth, you can collect an immense crowd. In the case of offline referral marketing, to boost the customer and client base a third party endorsement is needed, which might be a person of society or someone loyal to you.

The benefits of referral Marketing Systems are countless. Customers generated through referral marketing are more lucrative and devoted source of business. They tend to buy and refer more products. And, obviously you are saved from spending hefty money on commercials, presentation etc.

But, being consistent and committed is the key of any successful business, so always stay behind the clients for updates, response and support.

E-commerce!

             This era of technology and net, an era of hectic life schedules too, brought a new concept of business. This option not only provides a business start with a contemptible expenditure, also gives shopaholics a choice to fulfill their shopping desires from home.

Here comes an opportunity of E-commerce, a rapidly increasing concept, crawling through internet. A fast and convenient way of trading your goods, maintaining professional network and providing services globally or internationally, E-commerce has boomed on the globe.

Today many E-commerce based companies have conquered the souk, which used to be starter companies in earlier periods. The main perception that drives it up is the low maintenance and possibility of superior inventory management. Now companies are investing big amount in this market and initiated the marketing of big things like machinery and automobiles etc. Financial Transaction Services and travel industry is also following this track.

Let’s see what the future of this tech-based market is, according to the market analysts it is a good opportunity for investment and there’s a lot to come.

Home Security Alarms

        Security is the prime concern for everyone nowadays. We are always concerned for safety of our family and loved ones. When it comes to security the utmost importance is of our home. We do not want unwanted or unauthorized people into our house. Apart from the safety of family one of the major concerns is the safety of our belongings, especially if any precious item is kept inside house. Practically speaking it is not possible for us to be present in our house all the time or be on guard duty. A possible solution to this problem is installing some good home security alarm system.

The advancement in technology with time has brought to us a lot of benefits. One of the benefits of this evolution is the development of a niche industry of home security systems and appliances. The history of security systems go back to early 1900s, though the earlier models were quite expensive and bulky. As technology advanced more robust, secured and easy to use systems were developed. Below we discuss the types, functions and benefits of security systems.

There are two basic types of alarm systems for home, wired and wireless. Wired are more complicated to install and require low voltage electrical wires. There is a master control panel for the sensors placed across the house. Wired alarm systems work best when they are installed during the construction of the house itself. As compared to wired, wireless alarms have fewer parts. The sensors of wireless systems use radio transmissions to control the signals sent between the master control system and sensors. Wireless alarms can be powered by electricity or batteries.

A home security system is a closed circuit and certain triggers such as buttons or sensors are placed around the house. The most vulnerable areas which an intruder can use for entry are windows and doors. The triggers are placed in these places so that in case of break in the alarm is triggered. In some systems motion sensors are used, triggering the alarm sound or turning on lights when motion is detected within the part of house where sensors are placed.

The main benefit of home alarm systems is providing a security of the property. It not only provides alarm but also gives peace of mind to the owner. Another major benefit is that insurance companies provide further discounts as the property is much more protected and certainly less likely to be destructed or stolen. The home security alarms can be of two types self-contained and those with separate components. Usually self-contained alarm systems have sensors, alarm and control in a single unit. The alarms with separate components have their sensors, control and alarm separately placed.

Most of the security systems have three major parts, which is an alarm, a sensor and a control. Alarm sounds the alarm, sensor keeps track of any unauthorized entry and the control triggers the alarm in case of breach of security. Home security alarm systems can run on battery power, or electricity. Battery powered alarms are easy to install but less effective as compared to those running on electrical power supply.

Abdominal Exercises

          Prosperity and Health go hand in hand a long way. Doing regular exercise is one the way to be healthy. Building muscles is a part of keeping fit. Abdominal muscles can be built by undertaking certain abdominal exercises; one of those is a Hanging Oblique knee raise exercises. Abdominal exercises help in sports, back pain and also facing any kind of abdominal impacts like punches.

           

            The Hanging Oblique knee raises exercise increases the vigour of abs, core and the hip flexors muscles. In this exercise because of the rotation the obliques are tightened, obliques are on the side of stomach and these are largest and outermost of the flat muscles in the anterior abdomen. In this exercise the pull ups help on major body muscles of upper part like latissimus dorsi, biceps and the pectorals. During your normal ab workout, use a pull-up bar in order to work on your oblique and rectus of lower abdomen.

            The oblique muscles are import for compression and cavity of abdomen, it helps in increasing the pressure of abdomen, and these also contribute to flexibility and rotation of the vertebral column. Contraction of one side of oblique creates a lateral flex. This exercise strengthens these muscles, which are very vital for overall flexibility of our body; you can also wear ankle weights during this exercise.

            It is important to do this exercise in correct manner, during the entire period of doing the exercise try to keep core tight. Maintain the posture of your knees and avoid swinging them.

            One of the problems seen during such type of abdominal exercises is that people tend to loose the balance and focus is not maintained. It is very important to maintain balance during the exercise.

            A regular sets and reps are important to achieve the desired results from Hanging Oblique Knee Raises.

Starting the Exercise: Get hold of a pull-up bar and hang from it with distance between arms around one-and-a-half feet apart and bent your knees slightly keeping the body straight.

                 

-          Curl the knees and exhale, keeping your knees 6 in above your waist, now twist your abdomen turn-by-turn on left and then right side while keeping the whole of your body straight.

-          Inhale deeply, then slowly steadily bring your knees and abdomen to the start position.

-          Repeat this exercise for alternate sets

-          Normally you can have 3 sets each of 12 reps

Have a healthy Life !

Used Cars or New?

            Buying a new car verses old car has always been a debatable topic. Lot of people are not comfortable while going for second hand cars instead of new. Apart from being in budget there are other benefits as well of picking up a used car instead of new. We pick here some reasons why one should go for a used car instead of new.

           

Cost Effective & Better Pricing

           

            Second hand cars are always cheaper than a brand new model of the same car. It certainly goes easier on your pocket. In today’s time when online information is on the tip of finger, it has become even better to search and research a used car. Lots of data is available online which can help you choose the right car. No hassles of going from dealer to dealer, preliminary sorting can be done online itself. Also there are lot of services available online which can help you retrieve the history of a particular car by simply providing its registration number.

Depreciation Factor

            Cars depreciate 20 percent even when immediately out of show room and another 10 percent in its first year, which means 30 percent depreciation in the first year of ownership. If you decide to buy a 1 year old car, then this loss can be avoided. Though 1 year old cars are difficult to find, however 2 and 3 year old used cars can be easily available.

More in less

           

            For the same money as a brand new you can actually get a much more higher model in that segment by opting for used cars.  You might not be able to afford those luxury cars, but can easily go for a used car. More importantly car manufactures do not change their models every year, so a 3 year old BMW might still be same as the new one in same model and category and your neighbour would be clueless if you got a new car or a used one, unless you disclose. Also nowadays you can buy used cars with certificates and reliability. Make sure that you do your necessary checks and get details of the car that you are going for, a lot of online help is available for that purpose. 

Availability of Factory Warranties

            Used cars come with certificate and factory warranties. Most of the used cars are still under factory warranties. There are also many certifying agencies which perform rigorous inspection on used cars and ensure that you get a good quality of car, specifically in terms of engine and those parts which you might not possibly check. Also car history is easy to track and if buying from some authorized dealers then they themselves provide such certifications and history of car for comfort of the buyer. So if you are worried for the history of a car then you can always go for certified pre-owned cars, which apart from warranty guarantee, also brings to you a peace of mind.

Reduced Insurance Cost & Registration Fee

            When going for used car, apart from the cost of the car, you make savings in lot other aspects too like insurance and registration fee. These fees are normally based on the transactional price of the vehicle.

           

In conclusion, I would say used cars have a lot many advantages over new. 

Payday loans

            Payday loans have gained a slight popularity thanks for seo engines and other google algorithms as more and more lenders are coming up with these type of loans to eager borrowers. To give a very straight forward opinion of mine I would say apart from search keywords, these are high risk, high maintenance loans that might make your neck even more stiff than easing it out. The other day I was playing an online game on managing your cash, balancing your income, expenses and liabilities, the most striking thing that came to me was that, the more loans I took higher the chances of me going bankrupt and eventually loosing the game became, of course you can agree to disagree with my observation. Eventually my thoughts came back to Payday loans, these ones are nevertheless easy to take and certainly help you pay-off those pending bills or nagging landlord.

            I do not intend to explain the definition of Payday loans here but rather discuss a few vital points in deciding to go for one or not. Payday loans or cash advance loans basically allow you to take a loan (supposedly hassle free) from your next pay check. If you are short of time and want quick cash then this might be the route. Nevertheless one should consider a few risks like; lenders do not abide by the rules so care should be taken while deciding on the lenders, risk of sharing personal and financial information.

            Care should be taken in deciding between various credit options, also compare the lenders and check their reputation. One should also consider various other aspects in deciding for such loans, like your personal credit history (not which the bank maintains) but what you know. Are you good in doing financial maths and paying back to your creditors (oh I have been so bad that I lost previous money into interests and late fee), if not then payday loans come with this risk, of overdraft in account or being referred to collection agencies or litigation by lenders. In essence these are informal type of loans, although one would find plethora of online services and lenders eager to provide you with one.

            In conclusion all I would say is, you should consider a few alternatives before going for such a loan. One of the best course is being frugal, making a budget which comes within your cash or checking on with family and friends to get some interest free loan.