Hond Financial

Posts Tagged ‘advice’

Get some financial insights from these wise people. Think about what they have to share with you about money and let that inspire you.

“If you want to feel rich, just count the things you have that money can’t buy”  

“An investment in education always pays the best intrest.” – Benjamin Franklin (American scientist and politician)

“Formal education will make you a living; self-education will make you a fortune.” – Jim Rohn

“In the first half of our lives we sacrifice our life to earn money, in the last we sacrifice money to get healthy again. And all this time health and life quietly vanish.” – Voltaire (French Philosopher)

“Don’t mary because of money, you can borrow it cheaper.” – J. Kelly

“No matter how rich you become, how famous or powerful, when you die the size of your funeral will still pretty much depend on the weather.” – Michael Pritchard 

“There are people who have money and people who are rich.” – Coco Chanel (French fashion designer)

“There is a very easy way to return from a casino with a small fortune: go there with a large one.” – Jack Yelton

“The art is not in making money, but in keeping it”  

“Only when the last tree has died, and the last river been poisoned, and the last fish been caught, will we realise we cannot eat money.” – Indian proverb

“If you pay peanuts, you get monkeys.” – James Goldsmith

“After you visit the beach, it’s hard to believe you live in a material world.” – Pam Shaw  

“Inflation is taxation without legislation.” Milton Friedman (Nobel price winner economics)

“Waste your money and you’re only out of money, but waste your time and you’ve lost a part of your life.” – Michael Leboeuf

“The only problems money resolves are financial problems.”

I wish this will lead you to a brighter future with more financial happyness. For those who speak Dutch: the translation of this article can be found at Inspirerende citeringen over geld.

Before signing the contract for any apartment you may like, ensure you read it thoroughly before signing anything. Quite often people are in a mad rush to move into their new apartments. Because of this they very often fail to read through their contract properly. As a consequence, this can cause issues later down the line. Therefore, before moving into the apartment, there are some things that need to be taken care of.

Nearly all of the apartments that are up for rent today will also have a notice period before you can leave at the end of the contract. Lots of people fail to spot this in their contracts though, so problems can occur. For the most part, you would need to give at least eight week’s notice of your leaving at the end of your lease. And by not giving the appropriate notice, you could find that you have to serve at least another month at the end of the lease.
Even though you may be unhappy if this happened to you, there are reasons that this stipulation is in place. The apartment owners need to know in timely fashion that you are leaving so that they can get things organised for the next tenants. Getting the cleaners and advertising ready, for example. make sure you give your writing in notice though.

Another thing to think about is who will actually be responsible for the maintenance of the apartment. This is obviously a vital requisite. By living in a complex, you will often find it is the facilities management company that takes care of things. Be careful about this though if you are signing a lease with a private landlord. Make sure they will look after all the electrical and plumping issues should they arise. Otherwise you could be hit for six with a rather large bill.

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Written by Jon-Paul Edwards
Director Highworth Financial Planning Ltd

Although most IFAs have access to the same products and services, the cost of these can differ massively based on the charging or commission structure applied by the IFA.

Usually the IFA has the flexibility to amend the charging structure and this applies to most pensions, investments and insurance plans, so it is important to make sure that the changes the IFA makes ensures that you get good value for money, whilst allowing them to get paid a fair amount for the work which they do on your behalf. The best way to do this is compare the Key Facts Illustration you are provided with, and if you have not been provided with a Key Facts Illustration, then you should ask for one before completing any applications.

At Highworth we offer the facility to provide a free review of any Key Facts Illustration you have been provided with to ensure that it represents good value for money. Simply by speaking to a live chat representative, and either emailing, faxing, or uploading your Key Facts Information Document, we will check the charges and costs to make sure they represent good value for money. We provide this review free of charge, and in most cases we can find a lower cost plan with better features and flexibility than the one you have already been offered.

Recent examples include increasing the number of illnesses covered under a client’s critical illness plan from 34 to over 90, whilst saving them money in the process, and potentially boosting a client’s pension by over £90,000 just by providing information on a lower charging pension plan (without sacraficing performance or flexibility). Our ability to improve our clients position has left many clients very impressed with the service we can offer.

So before doing any business with any other IFA, why not check out our free review facility? What do you have to lose? Challenge us to get you a more cost efficient or better quality scheme?

It pays to have well-informed and highly skilled representation on your side. The preferred tax relief includes former IRS attorneys and agents who have a history learning the detailed information and handle all communications regarding your position.Preferred Tax Relief

The stress of any IRS issue can be overwhelming, especially when the future of your financial standing is at stake. The IRS collection tactics cannot threaten the representative from the preferred Tax Relief. They know your legal rights as a taxpayer, and they will enforce those rights. Qualified CPA’s, former IRS staff members, and other tax professionals are on your side as you confront what can be considered as one of the most stressful events in a person’s life.

Preferred Tax Relief is at your service to tackle tax issues such as wage garnishment, bank levies, and arranging an offer in compromise.

Their hard-working tax professionals are serious about helping you deal with filing an overdue tax return dealing with government liens, and arranging payments  that don’t strap you financially. They will provide the strong representation that you will need. The fact that the tax professionals of perfect Tax break have worked within the system means that they know the internal workings of the group, and the desires to be done to best help give the best potential tax suggestion.

The Preferred Tax Relief website offers an easy form for you to fill out, so you can be helped in the best ways by their team. Within a few minutes of your initial contact,they will assist you in deciding which option will work the best for you. Customer service and follow-up are important to any client, and are equally as important to the Preferred Tax Relief team.Preferred Tax Relief

Once your tax issue has been thoroughly assessed by their staff, their advice to you is guaranteed, and they stand behind their word. Unanswered questions such as “What if I have years of unfiled returns” or “When will the IRS stop its threats” may be worrisome to you now, but Preferred Tax Relief will not only answer those questions, but they will move immediately to implement the necessary remedies.

Another indication of their commitment to good service is in their policy of a one-time fee per case. With a CPA or a tax lawyer you will not be charged hourly-rates as you go. Best of all, though, is Preferred Tax Relief’s commitment to providing the highest quality tax help to you, with the least amount of pain and worry.Preferred Tax Relief

If you find yourself in a situation where your debts are getting out of control, the first thing you should do is to get yourself out of debt as quickly as possible. Whilst this may sound blatant and dismissive, this is the most sensible approach to dealing with being in debt: for as long as you are in debt interest will be accrued on the amount that you owe, which will consequently lengthen the period of time you are in debt.

The lower the interest rate you pay, the faster you will get out of debt. For a lot of people, even the thought of not being substantially in debt is dream-like; something that they feel they may never realize.

In reality, there is never a quick-fix solution to their problems: to make yourself debt free requires a huge amount of effort and willpower. You need to be dedicated to paying off your debts, otherwise you could effectively spend many years of paying large amounts of interest on small sums of money you originally borrowed.

One very good option is to seek professional advice. There are several avenues for advice. For example, even if you aren’t registered with one, an accountant would be able to provide good professional advice for a fee.

Alternative options include Citizens’ Advice Bureaus that are able to provide valued, free advice from financial experts. Additionally, several charities also exist solely to assist people in forming good strategies for getting out of difficult financial circumstances.

There are also debt management companies who make a profit from advising people on their debt situation. It is usual that they do not charge a fee, however will, in its place, take monthly payments from you in order to pay installments to your creditors, retaining a monthly fee themselves for doing so.

It is important to use a trustworthy debt management company as the fee they take each month should amount to a much lower figure than the sum that they will be able to save you. They are able to do this by liaising with your creditors on your behalf, exchanging your guaranteed regular payments for charging you lower interest rates.

Other debt management companies may advocate a debt consolidation loan. This is a loan placed upon your home whereby a proportion of the available equity is released as a result.

The equity released is used to settle the debts that you already owe, which will then leave you with a single monthly payment that will be far lower than the combined repayments on your other loans. Consequently, this should mean that the total interest accrued and paid should similarly be significantly less than, for instance, the interest credit card companies charge.

However you decide to clear your debts, you should do so as quickly as possible. It is imperative to begin reducing your debts as quickly as you feasibly can.

You may not know it, but many Americans today desperately need debt management advice. Most people who need debt management advice already know it. Their credit cards are maxed out, they are incurring late fees on their debts, and they are getting calls from bill collectors because they have missed payments on their charge accounts.

But even if you feel like your finances are under control, you can still use debt management advice, so you don’t end up misusing your credit and find yourself under a lot of debt.

Find Out Where Your Money Goes

Before you can manage your debt, you need to learn to manage your income. This can be a painful process, but you must conquer income management before you can move on to debt management advice.

Most of us pay our bills once a month, so for one full month, you must keep a journal of every penny you spend. Whether you write a check, use a debit card, pay a bill online, or pay a bill by an automatic deduction, you must write it down.

At this point, don’t worry about categorizing the money you spend, and don’t try to reduce it. The purpose of this exercise is to get an accurate picture of exactly where your money goes, so spend money as you normally would.

Categorize Your Spending

Enter all your expenses into an electronic spreadsheet program. If you don't have a Microsoft Office application like Excel, use Google Documents, a free online and great spreadsheet application.

Use spreadsheet software instead of writing onto a paper account ledger so you can sort the columns and find out how much money you are spending at one particular coffee shop, or sort your expenses from highest to lowest. Eliminating your biggest monthly payment, like a second or third car payment can have a big impact on eliminating your debt.

Set up one column for each of these factors: Date, payee, amount, purpose, method of payment. Now enter all your spending for the entire month.

Highlight each column with a different color based on the type of expense is required or discretionary. Money spent for a property tax payment, for example, is required. Money spent for restaurant meals is discretionary.

Cut, Cut, Cut

Starting with the discretionary items, identify items you can cut that amount to 10% of your spending. Most people can easily cut 15% or more from their spending the first time they do this exercise. Eliminate coffee drinks, restaurant lunches, ATM service fees, and any other discretionary expenses. 

Follow the experts' debt management advice, and apply this 10% to 15% to your credit card debt.

For more information please visit my Debt Management Plan And Advice Website.