Understanding the Basics of Car Loans

Car Loans and You Having a reliable vehicle to drive is almost a necessity in today’s world. Whether it is to commute to and from work, school, or simply to have a social life at the end of the day, cars are an important part of our lives. However, when it comes to purchasing a car, there can be a lot of confusing terms and procedures. This is generally because cars are considered significant purchases (almost like a home), and done with the help of a bank loan rather than being paid in full with cash. If you are looking into personal loans to finance a vehicle, there are some things you should know as you get started. First, obtaining a loan for a car is a pretty normal process and nothing to be afraid of. Currently, there are over 107 million Americans (43% of the adult population) who have car loans. While debt isn’t necessarily a good thing to keep around forever, it can be leveraged as a tool to help you get access to your first car, which in turn will help open up job opportunities for you. Here are some tips for financing your first car:  

4 Steps For Acquiring a Quality Business Loan

Running a business can be one of the most fulfilling adventures of your life. Not only can your business bring you great personal wealth and job satisfaction, but you can also help your employees reach their dreams and financial goals. It may be cliche to call small businesses the backbone of the U.S. economy, but that doesn’t make it less true. Of course, as satisfying as running a business can be, it also comes with a lot of work — and risk. Because of this risk, most business owners will seek loans at some point in their career. Approximately 82% of all businesses that fail do so because of cash flow problems, which is where quality business loans come into play. Getting personal loans are typically easier than commercial loans. Businesses often rely on these loans to obtain immediate working capital. This money can be used for everything from payroll to opening a new location. If you’ve never applied for a business loan before, then you may have questions about how to get started. Here are some important steps to keep in mind when attempting to get a quality small business loan: Determine why you need the money — First,

Crowdfunding Real Estate?

Kickstarter and GoFundMe have made huge waves and created a new road for projects to take to get funded. A lot of bright individuals have had the idea to create similar sites for investments. Real Estate has been a natural target market for this because the large dollar sums and lack of liquidity in many private real estate investments has made it hard for mass affluent investors to access this asset class while still maintaining liquidity and diversifying their portfolio. There are several real estate crowdfunding sites out there, each a little different. They generally offer some due diligence or screening of deals. They also qualify their investors – generally there are sophistication, net worth, or liquidity requirements. However, not all sites will require these and there are some that smaller investors can use. Regardless, once you’re approved, you can examine and invest in deals. Crowdfunding sites are a great way to add real estate to a portfolio, however investing in individual real estate projects is a very complicated and potentially risky strategy. While the sites may provide some amount of due diligence, they do not necessarily provide all the information an experienced real estate investor would have. You should

Multi Level Marketing: Too Good To Be True?

You’ve probably seen the advertisements: “Start your own business!” “Be your own boss!” “Become a part of something great!” Or the bumper stickers and even vehicle wraps advertising Mary Kay or Herbalife. Maybe you’ve gone to a friend’s house for a dinner that turned into a sales pitch, or noticed the catalogue in the office break room. But chances are, even if you didn’t know exactly how it works, you’ve seen multilevel marketing in action. Multilevel marketing (MLM) is a system where, instead of participating in direct sales, companies set up a pyramid of affiliates to sell for them. In theory, this should create a self sustaining sales force, with the minimum possible effort from the top so the headquarters can focus on product quality and innovation. As a “business owner” in an MLM, one would have two main responsibilities delegated to them: selling the product directly and, more importantly, recruiting others to sell for them in exchange for a slice of the commissions. Again, theoretically this makes sense — it isn’t too different from a typical dealership model — however, the problem starts to arise from the product itself. Lower level participants in the pyramid are usually forced to

Should You Care About The “Hard Fork”?

One month ago, amid even higher than normal volatility, Bitcoin underwent a split known as the “hard fork”. While there were myriad technical reasons for this to happen, the most pressing issue was the Bitcoin network being too slow to process the much higher volume of trades developing as cryptocurrency becomes a viable investment. After a few alternative solutions failed to get enough support to improve this situation, including a “replace-by-fee” method where, in essence, the trades that paid the highest commission would pass through the exchange first, the community gained enough votes to support splitting in two, and launching a second currency.  While a financial advisor may compare this to a stock spinoff, what is actually happening is rather different, since unlike a stock spinoff, no value needs to be lost or redistributed from Bitcoin into an alt-coin. This new currency, “Bitcoin Cash,” is a direct relative of Bitcoin, but designed for spending rather than investment, with a new faster infrastructure and support for each individual unit, or blockchain, to be traded a few thousand times before reaching the end of its useful life (and forcing a second hard fork). When it was introduced at midnight on August 1,

How Initial Public Offerings Can Expand a Company

Today, competing in a flooded marketplace is more of a challenge than ever before. Since the rise of the stock market in the late 1990s, the idea of initial public offerings (IPO) has become an increasingly popular tool for smaller companies looking for capital. Many of today’s large corporations at one point issued a public offering in their early stages. Typically, initial public offerings involve a company putting up anywhere from 10 to 15% of the entirety of the business for sale. In doing so, the capital they gain from investors can be used to expand their organization, allowing for increased output, higher rates of production, and the implementation of new products and services. By selling shares for a lower price than they’re actually valued at, companies and individuals will be able to invest in the business in hopes of receiving revenue from future production. Most often, IPO prices sell shares for around 13 to 15% less than what the regular trading price would be. To ensure that investors will buy substantial amounts of stock in enough time for the company to expand and compete, IPOs are only held for a designated amount of time until the predetermined amount of