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  • 4 Ways Seniors Benefit by Selling their Unwanted Life Insurance Policy

    4 Ways Seniors Benefit by Selling their Unwanted Life Insurance Policy

    Each year in the US upwards of 1,000,000 seniors lose more than $112 billion because they allow their unwanted life insurance policies to lapse. Maintaining these policies is not compulsory, however, many people over the age of 60 continue to pay expensive premiums even though they could benefit better from using their cash in a different way.

    It is possible to sell your unwanted life insurance policies for a large cash settlement, this type of arrangement is sometimes referred to as a life settlement. In the past, life settlements have been a prolonged procedure that can be time-consuming and off-putting. These days, companies like Mason Finance offer a fast and efficient service that can be up to 12 times faster than the industry standard.

    For the average person, selling a life insurance policy can lead to an upfront cash settlement of up to 20% of the complete policy size. That is potentially a huge lump sum as you can sell a life insurance policy worth over $50,000 in face value, money that you otherwise may not ever have access to. These life-changing sums could be available to any life policyholder right now, so if you’re considering cashing in your current policy, consider these four ways seniors can benefit from selling their unwanted life insurance policies below.

    Cover Medical Expenses.

    Unexpected or sudden medical bills can be expensive. In fact, in America, the average healthy couple will spend upwards of $377,000 on health care during their retirement. You can help ease the cost of any future medical expenses by selling your life insurance policy, giving you peace of mind.

    Improve Quality of Life

    By eliminating premium payments and receiving a large cash settlement in exchange for your life insurance policy means you will much better off each month. When you consider an estimated 25,000,000 Americans over the age of 60 are living within or below the poverty level, this money can vastly improve your quality of life.

    Enjoy Leisure Activities

    It is a surprising statistic that 60% of retirees overlook budgeting for leisure activities when planning their retirement fund. As a result, many seniors can’t enjoy retirement to its full extent. Selling your life insurance policy can provide you with the extra cash you need to be able to partake in the more rewarding things in life like travel and visiting family and friends.

    Boost Cash Savings and Achieve Greater Financial Security

    As you can sell your life insurance policy for a large cash settlement, as well as ridding yourself of monthly premium payments, doing so will both boost your cash savings and provide you with greater financial security. Financial security in later life can allow you to enjoy life to the fullest and live more comfortably. If you already have healthy financial security, you could use the extra cash to treat your family.

    Visit Mason Finance for more information about how you can sell your unwanted life insurance policy today, and start enjoying a worry-free retirement.

  • 3 Car Brands That Survived Catastrophe and Collapse

    3 Car Brands That Survived Catastrophe and Collapse

    Elon Musk famously stood on stage and declared, “The only two American car companies that haven’t gone bankrupt are Ford and Tesla.” That should give you an idea of how cut-throat the automotive industry is.

    Car companies have to invest huge sums of money in R&D and even larger sums in infrastructure like factories. And if your cars are panned by the press and ignored by the public, you might never see a return on your investment.

    In this article, I’m going to look at three famous car brands that went through catastrophe and collapse, only to return to the market stronger than ever before.

    General Motors

    General Motors is one of the Big Three American car manufacturers, an automotive giant shifting upwards of five million cars in the US every year.

    Unfortunately, the global financial crisis hit the North American automotive industry hard. The Big Three all suffered from nose-diving sales and significant financial losses.

    Despite taking swift action — GM idled its factories and laid off huge swathes of its workforce — the manufacturer declared bankruptcy on 1st June 2009.

    Nine days after going bust, General Motors emerged from government-backed Chapter 11 reorganisation with a $49.5 billion investment from the US Treasury. (That’s roughly equivalent to the GDP of Macau!) The Treasury also invested a further $17.2 billion into GM’s former financing company, GMAC.

    It wasn’t just new money that got GM back on its feet. It also jettisoned a bunch of poorly performing nameplates like Saturn, Pontiac and Hummer. It also sold other more successful brands like Saab.

    Just one year on from its bankruptcy announcement, GM went public again and returned to profitability a couple months later.

    Volkswagen

    Volkswagen is the second largest car manufacturer in the world, shifting almost 11 million vehicles last year and generating over $269 billion.

    In short, it would take a seismic event to destabilize the German giant. Well, that’s exactly what we got.

    The Volkswagen emissions scandal (also called dieselgate) began in September 2015. Essentially, the Environmental Protection Agency (EPA) found that Volkswagen was cheating emissions tests with a bit of kit called a defeat device.

    These defeat devices were fitted in Volkswagen engines and tricked the engine to emit less pollution during emission tests than it did in real-world driving scenarios. In practice, the EPA discovered some Volkswagen cars emitted up to 40 times as much toxic fumes as was permitted.

    And the scale of this scandal? Conservative estimates peg it in excess of 11 million cars.

    The scandal blew up and investors reacted with vengeance. Share prices fell from a peak of €253 in April 2015 to a trough of €92 in October. With consumer trust shattered and investors panicking, the future did not look bright.

    I spoke to Will Craig, the CEO of car leasing comparison site LeaseFetcher about the scandal and its effect on his buying choices.

    “I was driving a Volkswagen Golf at the time because I thought it was a sensible and safe family car. When I found out it was spewing toxic gases into the air, I felt genuinely sick. It wasn’t just a company bending the truth slightly, this was a company lying to my face. Suffice to say, I won’t be buying another Volkswagen any time soon!”

    In response to the scandal, Volkswagen threw their hands up and announced, “Mea culpa!”

    The group’s chief executive resigned immediately and was replaced by an outsider from Porsche. The company also set aside €6.7 billion to pay for a large-scale recall.

    Since the scandal, Volkswagen has been very public about its electric ambitions, hoping to rebrand itself as a futuristic green marquee.

    Tesla

    As we saw earlier, the 2008 global recession hit all businesses hard. And while some like General Motors and Chrysler were big and important enough to demand a rescue package from the government, others were not.

    Tesla was one of those companies.

    In 2008, Tesla was just five-years-old and was struggling to stay afloat in the cutthroat automotive industry. The global financial downturn dissolved what little stability the company had left and the company began spiralling towards bankruptcy.

    Tesla needed money and it needed money fast. Unfortunately, no one was willing to part with their cash.

    On Christmas Eve 2008, Tesla was on the brink. And then, when all hope was lost, Daimler stepped in and invested $50 million into the stricken company, giving it just enough cash to continue.

    As founder Elon Musk admits, Tesla, “closed the financing round on Christmas Eve 2008. It was the last hour of the last day that it was possible.” Quite the narrow escape!

  • Top 8 Qualities of an Entrepreneurial Mind

    Top 8 Qualities of an Entrepreneurial Mind

    Being an entrepreneur isn’t easy. It takes more than a business degree or dream to become one. Entrepreneurial mind is more than just starting a venture or leading a team. It’s a mindset where a person identifies opportunities, plans and acts up on the idea.

    Entrepreneurial mindset can be applied to various settings either in personal life, organization or any ventures. Having the qualities of a mind of an entrepreneur is beneficial and essential for organizations and individuals as well.

    Not everyone is cut out for entrepreneurial role. So, what does it take to have an entrepreneurial mind? Here are some of the qualities that a person with a mind of entrepreneur posses:

    You Always had It

    Great entrepreneurs often start early. The signs may be subtle but chances are there that you had developed it very early in life. Did you make a plan to start a venture with your friends when you were kid? Did you make money with your little but brilliant ideas when you were in school.  Did you sell cookies faster than any kid? These are signs that surely indicate that you had and have an entrepreneur mind.

    You spot the opportunity when you see one
    One of the remarkable qualities of an entrepreneur is that they are quick to spot an opportunity. When you are passionate about something, you identify the opportunity when you see them. When it comes to businesses, entrepreneurs need to have keen eye and ears. They need to pick up on the subtle hints and see the latest trends before the competition does.  Some ideas may look promising but they may not be so great. As an entrepreneur it is your job to find opportunities that will be a big hit in the future.

    You Love Challenges and Finding Solution
    Having an entrepreneurial mind means you love challenges. Challenges may come in various shape and sizes. A person with an entrepreneurial mindset will be motivated by the situation. They feel inspired and motivated by it, rather than shrink from it. When problem arise, solution needs to be created. If you have think like a problem solver and come up with a unique and innovative solution then you are a worthy entrepreneur. This is a sure sign that a person has quality like a leader.

    You Don’t Wait For orders
    The entrepreneurs hardly ever follow the rules. They are breaking rules all the time. The rule breaking doesn’t mean they are disrespect the establishment. It simply means they do not wait for the permission. They are likely to make an executive decision and act on the opportunity and apologize later than not act at all. Waiting for permission is wasting time and sometimes it may cost an opportunity. If you always think of the opportunity first then you have the mindset of a successful entrepreneur.

    Being Resourceful
    Great entrepreneurs never whine about the limited resources. They either create new resources or make do with the available ones. This is one of the greatest qualities of an entrepreneur. If you have the ability to work on even small resources, you have the quality of entrepreneur or have the similar mindset. This quality can be useful in a variety of settings and not just in your job.

    You Believe in Taking Risks
    Taking risk is part of being an entrepreneur. Without risk you cannot explore the different opportunities. Taking risks liberates you and you become more fearless. It is essential that you have a mindset that doesn’t stop you from taking risks and investing in ideas that may seem too risky or absurd to others. Being confident in yourself when others doubt you is one of the key qualities of an entrepreneur.

    You are Very Comfortable With Change
    In today’s dynamic environment change is inevitable. Whether it’s the changing trends or change in command chain, you are very comfortable with it. Sometimes you may need to take a step back and let other take the lead. Are you comfortable with the situation? Are you willing to set aside your ego and let the change, no matter how it affects your position take the centre stage? If yes then you have entrepreneurial mind.

    Feel like an Outsider
    Great minds are never in peace with the other minds. There is always conflict and they feel like an outsider. The same goes for the entrepreneurs. They work and think differently than the crowd, which makes them feel like an outsider. If you have the similar kind of feelings then you could have a mind of an entrepreneur. If you had always felt like you don’t belong don’t panic, it may be the entrepreneur mindset that is beckoning you to greater things.

    Conclusion

    Being an entrepreneur isn’t easy and having a mindset like them is an asset for any company. These are some of the qualities of the great entrepreneurs. If you can identify with them then you have their mindset.

  • The science of getting rich – Protect your assets and earn smartly

    The science of getting rich – Protect your assets and earn smartly

    All over your entire life, you have been bent over earning sufficiently to lead a life with all the comforts with your family.  Living with all the facilities readily available to you has been indeed your lifelong dream. And to do that you should know the science of getting rich.

    Your family is very important and the reason behind your hard work. You are responsible for them so you don’t leave any opportunity to make their lives better. Earning and leaving valuables so that your family is able to live comfortable even if you are not present there is a concern for everyone which is why you dream of getting rich.

    Planning for the future

    People who are constantly plagued with the financial security and the well being of their near and dear ones will promptly tell you how they are determined to make sure their family is always well-off even after they are gone. And let’s admit the fact; every bread earner of the family thinks to do this exact thing making sure their families never have to encounter financial trouble which is exactly why you need to understand the science of getting rich.

    To achieve this state, you must build your valuables and invest your money so that it pays off in the futures. All the assets you have built over the years will finally be able to help your near and dear ones to live comfortably. This is why asset protection is considered as so important.

    If you are searching for approaches to get rich, you are not the only one! Surely, many individuals have been attempting to go for riches and on the off chance that you are one of those who are endeavoring to search for some, extraordinary approaches to wind up rich, you may locate a couple of tips and thoughts on getting to be rich on your own.

    Building a professional career

    One basic course towards building your riches is to begin a professional career. Obviously, on the off chance that you have a decent career and a skill, it is less demanding for you to earn money. You can be a legal advisor, a specialist, a writer if that’s your calling, you can begin profiting by giving your services to the ones who require it.

    Start a business

    Another of the mainstream approaches to getting rich is to set up a business. In the event that you are great in deals, or you will hazard and you are open to working with vulnerabilities, at that point setting up a business can be your way towards being affluent financially. Obviously, you additionally need to influence your business to develop too.

    With a decent beginning and a unique business plan, you can figure out how to influence your business to develop and when it ends up productive, you can likewise offer your business on the off chance that you need to profit and find different investments also.

    In setting up a business, you don’t need to start in an enormous manner. You can simply begin with unique ideas with minimum start-up costs such as cleaning services or any consultancy business. You can simply utilize your enthusiasm and interests to enable you to have a decent beginning in setting up a business.

    Invest your money wisely

    In the event that you need to profit, having investments can be your street towards being rich. Truly, investing on stocks, outside trade, loaning or some other means can be risky however now and again you have to gamble on the off chance that you need to be rich.

    It is in going out on your limbs that you get huge rewards obviously, you likewise need to know yourself and comprehend what you can do as such that you can likewise pick and choose wisely on what sorts of risks you will confront. Investments that are promising with regards to profiting as a rule have high risks alongside it in this way you need to ensure you can deal with such sorts of risks with ease.

    Invest in real estate

    You can really begin with purchasing properties, maintaining it and offering it at a higher cost. For sure, going into real estate can be lucrative. Despite the fact that it might likewise include dangers like some other businesses, it is additionally one of the lucrative businesses you can get into on the off chance that you need to have something beneficial over the long haul.

    Asset protection is the way out

    In an era where everyone is a part of a competition to live better, lawyers know how important asset protection is of being a part of getting rich and staying rich. Therefore they provide appropriate legal services by giving legal advice to the people in need of them. Nobody knows when the curtain will fall for you so being prepared is a good way to ensure a secure future for your families. By protecting your assets you secure your valuables from lawsuits and creditors after your death.

    Legal services for asset protection are promptly provided by many top attorneys. You have to be very careful in this process as with one faulty move, your savings may end up in the wrong hands.

    Here are three tips that will help you in your asset protection:

    • Careful decisions: This is a wealth preservation technique so it is imperative that whatever decision you take, they are all well-informed. Be sure to know about all the laws like how the bankruptcy and consumer protection laws really work.
    • No place for errors: You may do an extensive research on getting all the intelligence you want and properly schedule all your work but going for legal help is the best step to ensure that you do not commit any kind of mistake.
    • Tips and tricks: Your attorney is the best person to handle everything in a legal manner. They will definitely tell you to form limited partnerships and liability companies because they are some great techniques to protect your personal valuable assets.

    Conclusion

    • Planning for your future, building your wealth may seem simple but it isn’t in reality. Asset protection may be the best thing you can do for the comfortable future of your families. There are a number of different things and approaches to end up rich which is only possible if you understand the science of getting rich. You can likewise work hard, spend your money wisely, live frugally and ensure you always save money. In fact, make it a regular habit and you won’t regret for the rest of your life!
  • How to Get the Best Interest Rate on a Loan

    How to Get the Best Interest Rate on a Loan

    Even though the current period of economic uncertainty means making it more difficult for borrowers to get a good loan, it is still possible for lenders to lend, but it means that borrowers have to try hard to get the best loan rate. So, as a borrower, you will have to learn a few things about what affects the interest rate and how to get the best possible loan rate.

    What it actually the “best loan rate”?

    Of course, a loan may not be right for you for a number of reasons, but generally speaking, the best loan rate is the rate with the lowest APR, as you are bound to pay less as the rate loan gets lower. APR stands for Annual Percentage Rate, referring to the amount of money you’ll have to pay on the annual basis. It is based on the interest loan rate plus any potential fees you could be expected to pay upfront.

    How to start

    The first thing to do is to decide how much money you need to borrow and how long it will take you to pay it back. This way, you’ll be able to compare the conditions of different lenders for the same amount of money you need. You can also use a tool on a comparison site to try out different amounts of money and the time you need to pay it back.

    If you’re not satisfied with your credit score, check if there is anything you can do to improve it before you refer to a lender. It’s also highly important not to apply for several loans at once, as it hurts your credit score. So, instead of applying for various loans, it’s wiser to use quotation search (or ‘soft’ search) tools to tell you what products you would probably be accepted for and the great thing about them is that they can’t be seen by lenders.

    Also, be ready to shop around for different offers from lenders. Every lender will make you a unique offer, so don’t rush and accept the first loan that sounds ok – you may stumble upon an even better one, so be patient and do a thorough search.

    Lastly, you should know that different rates of APR depend on the amount of money you want to borrow. Essentially, the more money you want to borrow, the lower APR will be. But it’s possible to find just the right amount of money that will place you into the next APR bracket so that you get a bit more money than you need but with a considerably lower rate.

    1. The best mortgage rate

    The mortgage rate is mostly impacted by the current economy, which means you need to have a proof of your stable income and a verifiable down payment, as well as cash reserves. So, it’s smart to make a larger down payment or to decide to borrow less money, so that the loan rate gets lower.

    Another option is to pay an origination fee upfront or to pay discount points. They are both expressed in a form of a percentage of the whole loan amount and will lower the interest rate, but bear in mind you’ll have to increase the amount of money at the closing.

    2. Best student loan rate

    The government is responsible for setting the interest rates, while private student loans rates are mostly dependable on the prime rate. The good thing about student loan rates is that they are attractive for subsidized loans. Any qualified student can get the loan regardless of the credit score.

    In case you need a private loan, it’s best to get your credit report before you apply to avoid unpleasant surprises. Don’t waste too much time shopping around in that situation; instead, get several quotes as quickly as you can. Do it within a 10-day period because it could look like you are trying to get several loans, which will ultimately lower your credit score.

    3. Best vehicle loan rate

    It is possible to get good vehicle loans of various types if you, as with other lending products, manage to get a high credit score, which is important to lenders as they also use risk-based pricing. The interest rates will probably depend on the prime rate.

    The first thing to do is to correct any inaccurate information on your credit report but also to check websites on vehicle prices before you actually go to the dealer. It’s important to compare offers from various lenders, not just the manufacturer – you could be surprised but the difference in pricing.

    You’ll maybe notice that some vehicle manufacturers offer low-interest or even 0% interest on certain models, but would mean that you need excellent credit to qualify. Also, be aware of the fact that sometimes the advertised rate won’t always be the one you will be offered, but it could easily be a higher one, so don’t rush any decisions.

    4. Best personal loan rate

    Personal loan rates are similar to interest rates for credit cards, which are partially tied to the prime rate. It’s necessary to contact several lenders, both credit unions and traditional lenders. If you are a credit union member, you’ll probably get a more favorable loan rate as they care more about your overall financial situation that solely your FICO score that demonstrates your credit risk.

    In case you’re going for a traditional lender’s loan, it’s possible to get a good rate if you use collateral like home equity or a free-and-clear car title.

    Final comment

    Taking out a loan is a serious and often a long-term commitment. Once you get the money, you could be charged extra fees if you change your mind at some point. That’s why it’s completely necessary to be sure that taking out a loan is the best option for you.

    Once you’re sure of that, it’s important to be informed of all the ways to get the best possible outcome of getting the loan you need.

  • What to choose for trading?

    What to choose for trading?

    It is recommended to open accounts that incorporate stocks rather than future as this is thought to be a standout amongst the most famous types of accounts. Open an account to learn the diverse angles in online forex trading to ace your trading aptitudes and be a successful online trader in the forex market. With the correct guidance you can surely improve your trading and aim for higher profits in just a few months.

    Use a week to week graph to track your growth

    Utilizing week after week graph can give clearer perspective of the pattern. Patterns that are going enormous are unmistakable on the week to week graph. Week to week diagrams are likewise more valuable for long term traders and can characterize the help and obstruction levels.

    Don’t trade excessively

    Numerous traders get failure in trading forex on the grounds that they trade excessively in any given period. Most traders figure they can make progress by their endeavors and how regularly they trade. This isn’t genuine on the grounds that the forex market is fluctuating and require the ideal time to choose when trade and when not. In this manner, when trading forex, be cautious in your choice.

    Increase your risks for any included trade

    This tip is ignored generally by many traders. Numerous forex trading locales recommend risking close to 2% of the general account. This is valid for huge accounts. In any case, if your forex account isn’t too big, say 10 thousand dollars, you can risk 10 – 20%. Along these lines you can accomplish more profits. To influence significant additions you need to go out on your limbs. On the off chance that you don’t care for going out on a limb don’t trade forex.

    If the trader has a small account, he should not make numerous trades whenever. Rather he should focus on one trade as it were. This will give greater chance to accomplishment in the arrangement entered.

    Determine a profit focus for your trade

    Going to know where to stop losses is normal to all traders yet knowing the profit target can be disregarded. The traders must take a gander at all components when trading and not just on the losses. This won’t make the trade to be founded on vital plans.

    New forex traders need to manufacture the trading system. Indeed, even old traders can attempt new methodologies to check whether there are better ones. One of the vital factors of forex trading tips inside the methodology is the logical instruments used to decide the pattern. These scientific strategies must not be confused. Regularly a few strategies can be adequate. Try not to utilize in excess of three diagnostic apparatuses to know the pattern. Diagram examination technique additionally should not be excessively basic, making it impossible to make great expectation for the pattern.

    Conclusion

    Each forex broker decides the use an incentive to be utilized. High use can be against you relying upon the account value. Smaller accounts must bring down their usage to have the capacity to stand high currency variances. Big accounts anyway can utilize higher use since it will stand more vacillation however the losses can be higher. New traders must start obviously with the least use value in light of the fact that the accounts they start with will be smaller in value.